What do you wish you could do the most with your Bitcoin?

[allenwarfield]

The number one question I receive by friends after “What is Bitcoin?” is "What can I do with it?"

A few teams are working on a protocol that would add many innovative capabilities for Bitcoin users. It’s a decentralized sidechain called Echo, that aims to develop a suite of financial mechanisms and instruments.

We want to facilitate the development of applications that would make your lives as Bitcoiners more convenient. We will be hosting a hackathon soon with a few other teams in the industry to reward programmers and entrepreneurs with making the services that society actually demands. What application or service would be a value addition for you right now?  

If you want to read more about us
Site: https://www.Echo.org
Docs: https://www.docs.echo.org

[1715525612]

1715525612

[anthonytcm]

The number one question I receive by friends after “What is Bitcoin?” is "What can I do with it?"

A few teams are working on a protocol that would add many innovative capabilities for Bitcoin users. It’s a decentralized sidechain called Echo, that aims to develop a suite of financial mechanisms and instruments.

We want to facilitate the development of applications that would make your lives as Bitcoiners more convenient. We will be hosting a hackathon soon with a few other teams in the industry to reward programmers and entrepreneurs with making the services that society actually demands. What application or service would be a value addition for you right now?  

If you want to read more about us
Site: https://www.Echo.org
Docs: https://www.docs.echo.org

The thing that I most like about crypto is being able to feed my family in my home country. They don't need to understand how it works, I just deposit to my father's bank account and he's happy about the quickness of it. Emergencies and such I always help and I know they appreciate my efforts, I don't know how I'd be able to support people in Venezuela otherwise (currently Western union and similar "worldwide services" don't work with Venezuelan bolivars)  so I'm thankful to bitcoin for existing.

[dersu1995]

I wish I could buy more of it so that I can invest more and wait for the beautiful future of bitcoin 

[seoincorporation]

The number one question I receive by friends after “What is Bitcoin?” is "What can I do with it?"

A few teams are working on a protocol that would add many innovative capabilities for Bitcoin users. It’s a decentralized sidechain called Echo, that aims to develop a suite of financial mechanisms and instruments.

We want to facilitate the development of applications that would make your lives as Bitcoiners more convenient. We will be hosting a hackathon soon with a few other teams in the industry to reward programmers and entrepreneurs with making the services that society actually demands. What application or service would be a value addition for you right now?  

If you want to read more about us
Site: https://www.Echo.org
Docs: https://www.docs.echo.org

The services that society demands would be developed in blockchain or will be apps made for cryptos like shop point, casinos and exchanges?

Is a nice start i will keep an eye in the project and waiting for that hackathon.

[Darker45]

I'm not a very technical person but what it appears to me is that you are creating an essentially different network on top of Bitcoin's and then users will be able spend their BTC within this network using the DApps created on it. Is this a correct understanding?

If so, then what happens to the transactions? Are they also broadcast to the Bitcoin's blockchain per transaction? Or is this sidechain working like the Lightning Network?

[bobitza]

I wish I could buy more of it so that I can invest more and wait for the beautiful future of bitcoin 

Try to make money so you can buy more bitcoins. Bitcoin will have a good future, please wait and hope. I also have the same desire as you to make money from bitcoin. However, my financial resources were limited so I had to work hard in daily bonus campaigns to make money. But it is also very difficult, the campaign has a lot of requests.

[TravelMug]

Of course everyone wanted to be part of the 1 BTC club and I think that will be the ultimate goal for me. As for what I'm goinna to with it, probably hold and then accumulate more overtime. So for me there's no need for this kind of sidechain, we already have LN and Liquid.

Bitcoiners lives will be convenient if we know how to protect and safe guard it against hackers and cyber actors. So the best thing to do is to educate ourselves, simply as that.

[gentlemand]

Buying property directly with it.

That's the biggest purchase most people will ever make and the idea of having to dick with exchanges and banks adds a whole lot of time and nerves. Perhaps it will be commonly accepted in a few years but right now most sellers will still think you're a mad assassin.

[AniviaBtc]

I wish I could buy more of it so that I can invest more and wait for the beautiful future of bitcoin  

In order to do that, you should invest first on something that will help you to earn profit, even a small businesses will do. After that, once you are successful to manipulate it and earn a lot of profit, that's the time where you should invest in bitcoin. Bitcoin has a lot of benefits once you own some, you just need to learn how to deal with the market, to deal with yourself, and to deal with those risks. I invested in bitcoin 4 years ago, and I already benefited from it and grow my business and help my family. Bitcoin will help you grow as a person and as a business-minded once you try to work hard to achieve your goals using bitcoin.

[kryptqnick]

I wish I could use Bitcoin without having to exchange it for local fiat now and then. Paying the rent and for food are my key expenses, so that would be nice. It would also be great if I could provide information about my wallet balance when I need to prove I am financially capable of, say, going abroad, but that is highly unrealistic. I would want Bitcoin to truly be money rather than an asset, but that's not how the majority sees it and not something easy to achieve. The adoption among retailers is low, not to mention ridiculous fees and volatility from time to time. But these things cannot be solved by an app.

[CarnagexD]

Buying property directly with it.

That's the biggest purchase most people will ever make and the idea of having to dick with exchanges and banks adds a whole lot of time and nerves. Perhaps it will be commonly accepted in a few years but right now most sellers will still think you're a mad assassin.

The same thing with me, if i will be given an opportunity to spend my bitcoin to essential things, i will choose real property and private property. Bitcoin can make you own anything once you have a huge profit from it.

In real property, it will make me more confident about the assets that I will make, especially the houses for my family. It is not that easy to buy a land property nowadays especially if you are willing to pay using bitcoin. The demand in land property is extremely high as some places are already like an urban area due to a lot of establishments and lot areas are decreasing.

I will also but private property using my bitcoin so that I can manage my business without paying other expenses like rents. Investing in private property is so worth it compared to those businesses that aren't owning their own land where they manage to start their business.

[DoublerHunter]

Buying property directly with it. .

~snip~
The same thing with me, if i will be given an opportunity to spend my bitcoin to essential things,

^ We all want these, humans ambitious are so endless. There is no limit to this ravenous yearning to fulfill ourselves with increasingly growing, that's what we are. But probably if I have a decent amount of bitcoin, not only the essential things that I want. I also want to generate my bitcoin holding, building a good business through bitcoin is a good source of income. Here in my country, there is a merchant store where you can sell or even buy bitcoin, a little lower fee than the exchange platform. Or probably a lender using your bitcoin, there are various things that most you want to use your own bitcoin because it is valuable and the same on our local currency that many things can do.

[devindeysel]

i wait for price rise and after from profit i buy more bitcoin

[Twentyonepaylots]

Buying property directly with it.

Well that's a good deal with bitcoin if it were able to buy a property.

That's the biggest purchase most people will ever make and the idea of having to dick with exchanges and banks adds a whole lot of time and nerves. Perhaps it will be commonly accepted in a few years but right now most sellers will still think you're a mad assassin.

What if most of people already know bitcoin and they are willing to accept it as mode of payment instead of fiat or check, would you buy a property given that the price of bitcoin is at $9000?
Ahhh if the time is now I might just buy it with cash, there's no way I'll spend my bitcoin with property though land value is increasing through years still bitcoin has the biggest shot in making it double.

[MCDev]

I wish I could buy more of it so that I can invest more and wait for the beautiful future of bitcoin 

Try to make money so you can buy more bitcoins. Bitcoin will have a good future, please wait and hope. I also have the same desire as you to make money from bitcoin. However, my financial resources were limited so I had to work hard in daily bonus campaigns to make money. But it is also very difficult, the campaign has a lot of requests.

As long as you work hard, surely something good will come. I like Bitcoin very much but having to pay bills makes me not have too much money to invest in bitcoin at the moment.
In such a situation I also try to participate in bonus campaigns to be able to earn an investment in bitcoin and cryptocurrencies, hoping that bitcoin will grow in the future.

[acdc]

I wish I could buy more of it so that I can invest more and wait for the beautiful future of bitcoin 

Ideally, you should only invest in the cryptocurrency market the amount you are willing to lose. Everything is possible in the cryptocurrency market and most likely one day you will lose your money, make sure you will not be in debt for that.
Good luck

[AakZaki]

I wish I could use Bitcoin without having to exchange it for local fiat now and then. Paying the rent and for food are my key expenses, so that would be nice. It would also be great if I could provide information about my wallet balance when I need to prove I am financially capable of, say, going abroad, but that is highly unrealistic. I would want Bitcoin to truly be money rather than an asset, but that's not how the majority sees it and not something easy to achieve. The adoption among retailers is low, not to mention ridiculous fees and volatility from time to time. But these things cannot be solved by an app.

The extremely high and risky amount of bitcoin makes adoption of bitcoin difficult. There's a lot to think about. Bitcoin is currently only an asset and not as an alternative currency authorized by the state. Many regulations must be set for the use of bitcoin. But now there have been many adoptions of bitcoin to just buy coffee, fast food and more.
Bitcoin journey is still long, in the future maybe bitcoin will become increasingly popular and get a suitable regulation as an alternative payment.

[Phoenix_PROG]

The best crypto wish I hope for and will always hope for is more merchants thought out the world accepting crypto as cash or as means of payment, that's the definition of real mass adoption to me, crypto must work as money

[pixie85]

Buying property directly with it.

That's the biggest purchase most people will ever make and the idea of having to dick with exchanges and banks adds a whole lot of time and nerves. Perhaps it will be commonly accepted in a few years but right now most sellers will still think you're a mad assassin.

For me it's paying on the go. Being able to buy meal at a restaurant, fuel for the car, paying bills and property tax.

It would also be good if I could buy goods that aren't luxury. Most retailers willing to accept Bitcoin are places like car dealerships. I don't want to buy a car there. A new car is one of the worst ways you can spend your money but for now there's not much choice that's why I hold and hope for the best.

[Mpamaegbu]

I wish I could keep pilling Bitcoin and never get to spend it until five or more years later. Yeah, I know it's a pipe dream given the nature of man's wants and the paucity of funds. Besides, I also look forward to mass adoption and in the true sense Bitcoin becomes the internet "fiat", and not the money making asset people have turned it into.

Perhaps, that more people in Africa will get to know about Bitcoin and its modus operandi. These are my wishes.