Do we need bitcoin?

[lumeire]

I personally believe and like Bitcoin; However, in my country, bitcoin is not legalized in the state, we can not use it in real life. We can easily meet the daily demand with bitcoin if it is legalized by the Government.

A lot of governments are opposing bitcoin from very long time, maybe due to the anonymous nature of the network, but now a days a lot of countries are legalising and adapting to the bitcoin demand in their country and legalising it. The opposing governments are actually missing a lot and they are not promoting development into the future by rejecting block-chain, the same happened in India also but the people and the block-chain related companies filed a case in the court which ultimately lead to the removal of ban and now India is also one of those countries where bitcoin is legal. Bitcoin is really necessary in those countries where a lot of censorship is there and people are oppressed.

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[erikoy]

A lot of governments are opposing bitcoin from very long time, maybe due to the anonymous nature of the network, but now a days a lot of countries are legalising and adapting to the bitcoin demand in their country and legalising it. The opposing governments are actually missing a lot and they are not promoting development into the future by rejecting block-chain, the same happened in India also but the people and the block-chain related companies filed a case in the court which ultimately lead to the removal of ban and now India is also one of those countries where bitcoin is legal. Bitcoin is really necessary in those countries where a lot of censorship is there and people are oppressed.

The government just really want the safety of all the consumers of bitcoin or its community. Simply there are complain among users wherein bitcoin was tag or being used as a medium for scamming. Abuses is rampant and many were falling even the old tricks of scamming. Bitcoin also could not be integrated to government system because it is completely opposite to the government system being the decentralized system.

[minersday]

Do we (the world) need bitcoin?

Bitcoin is not really a necessity like the basic needs but it is a social need that address a particular problem in the world. The world needs Bitcoin to address a specific problem or gap in the financial ecosystem.  The financial ecosystem is really tired with the centralized system. People needs the financial freedom to make transactions without difficulties, and bitcoin and cryptocurrency brings that financial freedom.

[finaleshot2016]

Do we (the world) need bitcoin?

Bitcoin is not really a necessity like the basic needs but it is a social need that address a particular problem in the world. The world needs Bitcoin to address a specific problem or gap in the financial ecosystem.  The financial ecosystem is really tired with the centralized system. People needs the financial freedom to make transactions without difficulties, and bitcoin and cryptocurrency brings that financial freedom.

Agree. People are looking into something that will defeat the centralized system on money because obviously it's being controlled by those who are in position. In a decentralized system, we are entitled and empowered to do such thing on the system freely and can even make a contribution to it. That's the main reason why we need bitcoin, because of its decentralized feature. And of course, we can easily transact everywhere with the use of internet and that's very interesting for those who are techy.

[Inkdatar]

Do we (the world) need bitcoin?

Bitcoin is not really a necessity like the basic needs but it is a social need that address a particular problem in the world. The world needs Bitcoin to address a specific problem or gap in the financial ecosystem.  The financial ecosystem is really tired with the centralized system. People needs the financial freedom to make transactions without difficulties, and bitcoin and cryptocurrency brings that financial freedom.

Even though bitcoin doesn't need by many and even some countries restraining bitcoin by the government but in terms of financial status somehow it could help mostly the individual. Also other countries adopting bitcoin and it's realizes them how this crypto really works. Indeed not a necessity but the fact is it helping many users in this era times.

[Benefactor]

This is naturally a matter of great joy because those who have invested in Bitcoin always want the price of Bitcoin to rise as much as possible. But now it remains to be seen how long it will last. For those who have invested in Ethereum, this is a time of great joy as Ethereum's price has risen to $300+. Hopefully it will go up sooner rather than later.

[LimLims]

Do we (the world) need bitcoin?

Bitcoin is not really a necessity like the basic needs but it is a social need that address a particular problem in the world. The world needs Bitcoin to address a specific problem or gap in the financial ecosystem.  The financial ecosystem is really tired with the centralized system. People needs the financial freedom to make transactions without difficulties, and bitcoin and cryptocurrency brings that financial freedom.

I also completely agree with you.
People are always excited in making money through various ways.
Now we are in an era where Bitcoins are not unknown for many people.
Bitcoins are became the primary source of income and investment for many people now a days.
Not only this, Bitcoins are also a major way of payment method in various popular sites.
I guess these reasons are enough for the OP to understand, why we need Bitcoins.

[lumeire]

A lot of governments are opposing bitcoin from very long time, maybe due to the anonymous nature of the network, but now a days a lot of countries are legalising and adapting to the bitcoin demand in their country and legalising it. The opposing governments are actually missing a lot and they are not promoting development into the future by rejecting block-chain, the same happened in India also but the people and the block-chain related companies filed a case in the court which ultimately lead to the removal of ban and now India is also one of those countries where bitcoin is legal. Bitcoin is really necessary in those countries where a lot of censorship is there and people are oppressed.

The government just really want the safety of all the consumers of bitcoin or its community. Simply there are complain among users wherein bitcoin was tag or being used as a medium for scamming. Abuses is rampant and many were falling even the old tricks of scamming. Bitcoin also could not be integrated to government system because it is completely opposite to the government system being the decentralized system.

Bitcoin related scams are just a small part of the scamming industry and still government think that bitcoin is the only thing that the scammers want. A lot of people do carding and stuff but no one is banning the credit cards from being used. As you said that bitcoin can't be controlled by the government and this is the only reason why government isn't accepting bitcoin as an investment or a payment method or legalising it. This is the loss of its citizens only when the government is banning cryptocurrencies as it is creating a lot of jobs around the globe and the future of the financial systems will also be built on blockchain only, so why not legalise it now rather than doing it later.

[plvbob0070]

Do we (the world) need bitcoin?

Bitcoin is not really a necessity like the basic needs but it is a social need that address a particular problem in the world. The world needs Bitcoin to address a specific problem or gap in the financial ecosystem.  The financial ecosystem is really tired with the centralized system. People needs the financial freedom to make transactions without difficulties, and bitcoin and cryptocurrency brings that financial freedom.

I would agree with you. Since we are aware and have already recognized the essence of bitcoin, we're starting to need it since it gives us a benefit that we are looking for. But for people who still have not understood or realized what bitcoin or crypto can do, it's not that important.

Generally, we can still live without bitcoin, but living is not just about basic human needs. We are living where we are surrounded by the centralized system and bitcoin is one of the things that give us freedom from it.

[finaleshot2016]

A lot of governments are opposing bitcoin from very long time, maybe due to the anonymous nature of the network, but now a days a lot of countries are legalising and adapting to the bitcoin demand in their country and legalising it. The opposing governments are actually missing a lot and they are not promoting development into the future by rejecting block-chain, the same happened in India also but the people and the block-chain related companies filed a case in the court which ultimately lead to the removal of ban and now India is also one of those countries where bitcoin is legal. Bitcoin is really necessary in those countries where a lot of censorship is there and people are oppressed.

The government just really want the safety of all the consumers of bitcoin or its community. Simply there are complain among users wherein bitcoin was tag or being used as a medium for scamming. Abuses is rampant and many were falling even the old tricks of scamming. Bitcoin also could not be integrated to government system because it is completely opposite to the government system being the decentralized system.

Bitcoin related scams are just a small part of the scamming industry and still government think that bitcoin is the only thing that the scammers want. A lot of people do carding and stuff but no one is banning the credit cards from being used. As you said that bitcoin can't be controlled by the government and this is the only reason why government isn't accepting bitcoin as an investment or a payment method or legalising it. This is the loss of its citizens only when the government is banning cryptocurrencies as it is creating a lot of jobs around the globe and the future of the financial systems will also be built on blockchain only, so why not legalise it now rather than doing it later.

If the government acknowledged the use of it, people will be aware of its capabilities and it will be easy to differentiate a scam platform that uses crypto. This is one of the reasons why some people don't trust bitcoin because of those ponzi who uses it on their platform and just scamming people. They should know about it and how does the market of crypto works, I believe it's important to avoid wrong perspective on it.

The use of cryptocurrency is creating as a lot of opportunity and that can be used to develop our country. They should think about the positive side of it, and they should admit that it can help the economy growth.

[GDragon]

If the government acknowledged the use of it, people will be aware of its capabilities and it will be easy to differentiate a scam platform that uses crypto. This is one of the reasons why some people don't trust bitcoin because of those ponzi who uses it on their platform and just scamming people. They should know about it and how does the market of crypto works, I believe it's important to avoid wrong perspective on it.

The use of cryptocurrency is creating as a lot of opportunity and that can be used to develop our country. They should think about the positive side of it, and they should admit that it can help the economy growth.

This is really one of the main problems we are facing, the image of bitcoin as something being used only for scams and ponzi's, it is also because of other people seeing bitcoin as a scam just because they failed in trading, or they've been scammed a few times. It is their own fault anyways, they failed to gather knowledge first before jumping into anything, they taught they will be rich just because someone told them they will be. Now that they've been scammed, their word of mouth made other people believe this lie too. Even those who aren't even know what btc and blockchain mean.

Seminars and workshops about bitcoin and blockchain can help. We have to spread the knowledge about this technology. We have to let people know that the scam and ponzi's here are just a small percentage compared to the things this technology can offer.

[South Park]

the moment the governments of the world figure out an easier way to transfer LEGAL funds in between borders, that day the world will not need bitcoin FOR ME, as in my own experience, that's what I've used bitcoin for ever since I discovered it, to transfer funds to and from different countries for low fees.

Hiding is a nice plus, I see why some people see the appeal to it, but to imply that it's the main driver is a short sighted, kind of ignorant position to take when talking about bitcoin. If you made your way into this forum, bother a bit about learning the ins and outs of bitcoins, even if just generally, and you'll see how much MORE bitcoin is than "hiding taxes/criminal activity from the government!"

That is a good point but probably the best selling point for bitcoin is your ability to be your own bank and to be able to transact and send money all over the world without the need of a third party allowing your transaction to go through, this is revolutionary and this is why bitcoin is described often as digital cash because when you are using cash you do not really need the permission of anyone to spend it in whatever you want and that gives you unlimited freedom to do whatever you want with your money.

[Vatimins]

     Look sir, it's not that I don't get your point but Bitcoin being the way it is, I think you only see a fraction of what people use it for or need it for. Just because a person uses bitcoin, doesn't mean that they are about to or doing something illegal. Some people just want a bit of privacy while others use this industry for a living, an investment, a more practical way of sending money overseas, or for an extra source of income. You see, just like money, it only turns bad when it is used for bad. The same goes for bitcoins or any other coins in this industry. But if literally speaking, the world doesn't really need bitcoins.

[Zionatin]

You are a very confused person. You contradict yourself constantly. You like walking paradox. You say you like bitcoin but then say the world doesn't need it and it's only used to hide things? WTF??

Hide things??  You sound like the kind of person that believes in what the media tells us about the darkweb.

You have brought no facts out about people using bitcoins to hide things so there is nothing to isprove and therefore no reason to "prove you otherwise"

Scams happen with fiat all day long since it began and still happen. It is much easier to scam someone out of their fiat then with their crypto. You should already know this. The goverments for example loves fiat because noone can trace where their tax money actually went. If we all used bitcoin we could trace our bitcoin and see where our tax was spent. The goverment doesn't want that. They like to do as they please with our tax money and piss it away. Some countries have goverments that commit criminal acts and bascially paying tax supports these criminal acts so....

[walterson]

I think that cryptocurrencies are needed in the world, they are very useful and can help the current economy. I am one of the people who have always supported the use of cryptocurrencies, people should use at least one cryptocurrencies platform. The platform that i use is MintMe, this platform offers people a series of tools that range from making and receiving donations to being able to start an entrepreneurship, who would not want to be able to start a entrepreneurship? This platform is the one indicated if you are thinking of starting a entrepreneurship and the best of all this is that you can monetize your entrepreneurship through tokens.

[Salamstar]

I like bitcoin, a lot. But I don't think that this world needs it. Except if they want to hide something. Prove me wrong.

There are clear advantages to using Bitcoin, as payments can be completed around the clock, seven days a week, all over the world, even in the absence of banking systems, and international payments using Bitcoin are faster and cheaper than traditional bank payments.

[sapnu]

the moment the governments of the world figure out an easier way to transfer LEGAL funds in between borders, that day the world will not need bitcoin FOR ME, as in my own experience, that's what I've used bitcoin for ever since I discovered it, to transfer funds to and from different countries for low fees.

Hiding is a nice plus, I see why some people see the appeal to it, but to imply that it's the main driver is a short sighted, kind of ignorant position to take when talking about bitcoin. If you made your way into this forum, bother a bit about learning the ins and outs of bitcoins, even if just generally, and you'll see how much MORE bitcoin is than "hiding taxes/criminal activity from the government!"

That is a good point but probably the best selling point for bitcoin is your ability to be your own bank and to be able to transact and send money all over the world without the need of a third party allowing your transaction to go through, this is revolutionary and this is why bitcoin is described often as digital cash because when you are using cash you do not really need the permission of anyone to spend it in whatever you want and that gives you unlimited freedom to do whatever you want with your money.

As you have said, we can transact it is either we send or receive bitcoin all around the world. As we can see today, we are facing crisis because of the pandemic. So using bitcoin as a payment method when buying something or making transaction is way convinient and safer than going outside and make transaction with banks. I can say that bitcoin is created to make our life easier in different ways. You can make transaction wherever you are and you can send or receive bitcoin all around the world using only internet and your device.

[online73]

Such a philosophy can lead you into the "non-climbing jungle" - you will confuse yourself. My and your worries about money laundering through Bitcoin are not interesting to anyone. The only interesting thing is that here and now you can make money on cryptocurrency. I will say more - Bitcoin is not bypassed, this is a miracle thanks to which many people have found hope. Hope because this money cannot be reached by officials-thieves, who, thanks to our money with you, build villas for themselves, buy planes and yachts. And while it will be so - bitcoin is necessary. Here you just need to decide - you believe in Bitcoin, or you do not need it.

[Peanutswar]

The government does not like the use of the bitcoin because they don't have the full 100 percent handle and monitoring on this transaction those are the things they don't want because this may use transferring a large number of funds without knowing the real sender and also they want to make it sure there are no hidden transactions right there. The bitcoin is not bad actually into the world of the market right now few of the members of the business are makes an investment regarding with this coin because they saw the potential of it at the same time they are now using this coin as a method of payment which is more convenient but right now only a few businesses accept this kind of payment.

[imstillthebest]

Bitcoin is a store of value and the main indicator of the industry, we cant live without it

I don't get the idea that we cannot live without bitcoin. Will you die if there is no bitcoin?
Life does not depends on bitcoin bro. 

dont take hin seriously , he is just joking . its true that bitcoin is a store of value but not the main indicator of the industry  . there are other more important things out there  that serves as an indicator of the industry  .

 laslty you can still be able to live without it because there are replacements to btc and before btc they are already there . money is im talking to and i can say that we can die without money because we cant buy our foods and meds .