Bitcoin legit or not

[Peanutswar]

The bitcoin comes for over a year and its already give a good investment outcome to different people the reputation and integrity of the bitcoin are already build up so there is no doubt the bitcoin conquer the whole market of the cryptocurrency for over a years, there are a lot of people doesn't believe that the bitcoin exist because they didn't see this intangible thing so they don't believe, bitcoin is already legit and trustworthy, there are a lot of people are using this coin to make transactions to different people over the world. Are you still doubt about the use and if this exists?

You do realize that you're on the Bitcointalk forum, right? What opinions were you even expecting? Heavy criticism? The reason were into bitcoin in the first place because a lot of us don't trust fiat money and central banks.

OP think does not believe in the bitcoin even the creator of the bitcointalk is Satoshi Nakamoto.

[arcmetal]

Can any good coders check btc code and approve that btc is good!
I mean how we know Satoshi Don't have some backdoor to steal our bitcoins?

Good point, Seems like you are not familiar enough with bitcoin project and kinda new.
To be short and simple, bitcoin project is completely open source and transparent and all the codes and updates are available on GitHub fro beginning to end. So, anyone can check the code and make sure if it's completely safe and secure or not. Actually, that's the reason of why many people can trust it otherwise anyone could places backdoor on it and take everything.

I was about to answer this, and you beat me to it.  

The OP raises an important question, but it's rather silly at this point.  The bitcoin software has been freely available for anyone to read since the beginning.  Any C++ coder that has an interest in bitcoin may have probably gone through quite a bit if it (it is a fairly large piece of writing). And so far none have piped up about some "back door".  In fact many have contributed to the writing of the code.

So the point is moot at this time.

And what is the guarantee that good coders github and Satoshi not payed shills?

That type of thinking starts to get ridiculous. ... How would a disparate collection of people across the internet, that don't know each other are all working so closely together to pull off some major operation to fool millions across the world. ... Over a hundred thousand once pulled something off like that in secret to work together to build the first A-bomb, but that was a different circumstance.

It would be equivalent to suggest that all those people working together for nasa in the 1960's spent all that effort to not send people to the Moon.

I'd suggest, read through the code yourself, or watch some videos that explain the building of the bitcoin code, to then help you get a better idea of what has taken place.

[int03h]

Bitcoins are legal to own, nobody forbids us to own them. In legal bitcoin payments in some countries, some are not. If you're talking about legality, consider gold and any other rare metals. They are not regulated on a currency list and no one can guarantee their value but they are still valuable.
Do we only consider them legal for payment?

[sarmrakib]

Bitcoins are legal to own, nobody forbids us to own them. In legal bitcoin payments in some countries, some are not. If you're talking about legality, consider gold and any other rare metals. They are not regulated on a currency list and no one can guarantee their value but they are still valuable.
Do we only consider them legal for payment?

Its really true that GO=old and other precious metal has a value but crypto currency is a platform where you can do transaction ,mine and various use as well. i don't think legality is all we need but we can still use btc as unknown .I think its my own bank where can i control everything myself and its legal for me everywhere .

[goldade]

Its time to hear if bitcoin is legit or not!!
Someone with good and legit reputation need say here if bitcoin is secure safe and legit!!


We Trust USA dollar because its Federal reserve are legit guys!!

So is bitcoin good or not?

Someone like donald Trump should if its legit

I believe that a considerable number of people on this forum will attest to the fact that bitcoin is legit. I think the problem here is with your definition of 'legit'. If you mean 'legit' as legal to own, the bitcoin is legit because no one or country has forbidden anyone to own bitcoin even those it might not have been adopted for payments.
The security of bitcoin is dependent on the user. The coins are completely in your control and it's your fault if they are stolen by hackers or scammers. So bitcoin is safe if you can maintain a high security profile.
Although Donald Trump's endorsement of bitcoin will go a long way in its adoption, it is not for him to decide whether or not bitcoin is legit or important

[Fundamentals Of]

If you consider the USA dollar legit merely due to its being issued by the Fed then we need not proceed with the discussion. From that point alone, it seems we cannot meet at a common ground. You might just end up calling Bitcoin the opposite of legit merely because it is not being issued nor recognized by the Fed. And worse, merely issued by a nobody who is not even known and found in person.

[20kevin20]

Its time to hear if bitcoin is legit or not!!
Someone with good and legit reputation need say here if bitcoin is secure safe and legit!!

It's open-source. It's our own job to decide whether it is or not, through research. If you don't want to trust other members of the forum and so many wealthy individuals and smart tech guys who've decided to invest in Bitcoin and trust it, then you could learn C++ and analyze the source code yourself.

We Trust USA dollar because its Federal reserve are legit guys!!

If the system that has enslaved you is what you call legit guys, you should love Bitcoin.

What the Queen of England think???
Is Bitcoin Good?

Nowhere will you ever hear a governance praise something that is supposed to eliminate the need of governance. It's kind of a self-destruction. The Queen of England is 94 years old, do you really think she still has the capacity to study Bitcoin or understand it?

[Polo7]

Its time to hear if bitcoin is legit or not!!
Someone with good and legit reputation need say here if bitcoin is secure safe and legit!!

It's open-source. It's our own job to decide whether it is or not, through research. If you don't want to trust other members of the forum and so many wealthy individuals and smart tech guys who've decided to invest in Bitcoin and trust it, then you could learn C++ and analyze the source code yourself.

We Trust USA dollar because its Federal reserve are legit guys!!

If the system that has enslaved you is what you call legit guys, you should love Bitcoin.

What the Queen of England think???
Is Bitcoin Good?

Nowhere will you ever hear a governance praise something that is supposed to eliminate the need of governance. It's kind of a self-destruction. The Queen of England is 94 years old, do you really think she still has the capacity to study Bitcoin or understand it?

If Something happens with USA dollar at least we Can blame someone.
If Bitcoin then who??  Satoshi? 
Lol,  That's what is the difference between Good and legit USA dollar is Good and as I told until 2025 USA dollar Will be very strong.

Eur and USA dollars 2 kings!! 
But Bitcoin???  Well not Even close to

[yazher]

Compared to your current trust rating, Bitcoin is more legit and it will stay legit even if Donald Trump will be no longer as the President of the united states of America. So don't make a comparison between that joker to our beloved BTC. If he doesn't want to buy it, then no one would ever ask for his permission for the Bitcoin to become legit. Bitcoin will always there and it will remain number 1 in all of the crypto markets.

[wildan88]

Its time to hear if bitcoin is legit or not!!
Someone with good and legit reputation need say here if bitcoin is secure safe and legit!!


We Trust USA dollar because its Federal reserve are legit guys!!

So is bitcoin good or not?

Someone like donald Trump should if its legit

what do you mean donald trump should if its first? you mean you need a clarification from a person like donald trump? of course bitcoin is legit and secure but in terms of volatility there's no assurance of it since it can increase and decrease dramatically.

[Inkdatar]

Bitcoin is legit, if in doubt might as well do not involve in cryptocurrency. Although we have different views, bitcoin has already been helping many users through these years. If in terms of value it is volatile and it is our responsibility how we can secure our assets in crypto.

[20kevin20]

If Something happens with USA dollar at least we Can blame someone.
If Bitcoin then who??  Satoshi?

Nobody. That's the thing you don't get: there's nobody to blame, because nobody is controlling it besides math and codes. If Bitcoin ever fails as a project that's been going tremendously so far, call it natural selection - or the natural occurrence of events.

Bitcoin has a precise inflationary rate. USD's supply in circulation could be doubled, tripled or quadrupled within a day if the authorities decide to do so. I mean, the Hungarian Pengő didn't go well at all thanks to inflation. You could blame Trump all day long if you will - your life would be affected anyway. This is something that will not happen to Bitcoin. Bitcoin does not have a money printing machine.

Eur and USA dollars 2 kings!!  
But Bitcoin???  Well not Even close to

I'll repeat: we've been enslaved by the monetary system. I would call these two fiat currencies anything but kings. Bitcoin is our first opportunity of giving the people back the control handle.

[(o)(o)ilikeboobs(o)(o)]

Maybe bitcoin is hindered by a central bank, but bitcoin rises in value when it is supported by a celebrity like the US president. Bitcoin will be the place for the dollar to have more liquidity.
Bitcoin will be legalized but only happen in a few countries, I do not fully believe that Bitcoin can be used all over the world.

[mezzaluna]

Its time to hear if bitcoin is legit or not!!
Someone with good and legit reputation need say here if bitcoin is secure safe and legit!!


We Trust USA dollar because its Federal reserve are legit guys!!

So is bitcoin good or not?

Someone like donald Trump should if its legit

The question is already answered by the forum and there are already news circulating around Bitcoin. If its not legit, how come people are learning and utilizing the Blockchain Technology to use Bitcoin. Bitcoin is actually one of the best invention and it already helped a lot of people who earned it. Bitcoin's value will keep on prospering as long as there are supporters which will trigger the supply and demand situation.

[peterpanda]

If we are talking about bitcoin then obviously it is legit. Some government are not accepting as legal for being decentralization. When people will use bitcoin in wide range, then people not asking about legalization.

[ethereumhunter]

We don't need someone with good and legit reputations to say bitcoin is safe, secure, and legit. We can give our opinion to ourselves about how bitcoin can work for us. If you can get the benefits from bitcoin, and you still believe that bitcoin is the way to get what you want, you can say that bitcoin is legit, and you can spread it to other people. I am sure that for people who use bitcoin and get the advantage of bitcoin, they will say that bitcoin is legit, safe, and secure. That will depend on each user who uses bitcoin, but people out there can say different things about bitcoin, but we don't have to listen to them.

[Traderbtcc]

I searched your topic on google and below is what I found

Because Bitcoin is on the internet, they are even easier to steal and much harder to return and trace. Bitcoin itself is secure, but bitcoins are only as secure as the wallet storing them. Investing in bitcoin is no joke, and securing your investment should be your top priority.

This is enough to tell you need to keep your hodlings safe to yourself. Bitcoin itself is legit and safe in whatever wallet it found itself. That means it could be safe in your wallet if you rightly keep it safe or safe in your neighbours wallet if you wrongly send it there. . It is also safe in a hackers wallet. Safe wherever it founds itself. You can only trace it with the hash transaction but may not recover it.

That quote is funny but true, everything stated there are real facts, bitcoin is only as secured as the wallet holding it , and securing it should be everyone's number one priority, because hackers are always trying to get it, so it's either safe in yours or theirs, it's your choice to decide who gets to keep it, if it's not safe with you, the hackers wallet might be safer and comfortable for it .

[Twentyonepaylots]

If we are talking about bitcoin then obviously it is legit.

I didn't imagine that after 10 years of bitcoin's existence to the market, numerous fall down and rises, staggering ATH at $20k, some would ask if bitcoin is legit or not. Talking about it's security, bitcoin was made  using cryptography that even supercomputers now can't break. You might just wonder why there are some cases where bitcoin is involve with different scams and fraud, if that's the case try to question also the fiat involvement with that since the beginning it was existed.

[Chrystora123]

actually, I'm confused about what to answer!!  I am just confused that there are still people in this forum who don't believe in Bitcoin

What the Queen of England think???
Is Bitcoin Good?

what the xxxx!!  why ask old people about Bitcoin?  those who are old are no longer able to understand about the latest technology whether an old queen.  You must know the answer that the warren buffet issued about Bitcoin, Buffet's answer to Bitcoin represents those who are old.  trust me, if you ask about Bitcoin to Elon Musk surely he will give you a good answer..  

[posi]

Can any good coders check btc code and approve that btc is good!
I mean how we know Satoshi Don't have some backdoor to steal our bitcoins?

Good point, Seems like you are not familiar enough with bitcoin project and kinda new.
To be short and simple, bitcoin project is completely open source and transparent and all the codes and updates are available on GitHub fro beginning to end. So, anyone can check the code and make sure if it's completely safe and secure or not. Actually, that's the reason of why many people can trust it otherwise anyone could places backdoor on it and take everything.

All Right perhaps donald Trump might not the right person to give approval of Bitcoin since his not a coder... Lol but who knows maybe he knows about coding
Is ethereum also with Open source?

Yes, Ethereum project is another open source, blockchain based and decentralized project.

In addition the answer provided, bitcoin is secured by military grade cryptography and also the decentralization of Bitcoin make it impossible for Satoshi or anyone have some backdoor to steal people Bitcoin if the coin wallet holder avoid human error which may expose his bitcoin holding.
Nevertheless, Bitcoin is legit and if not some government which make research about it and support it wont have.