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Author Topic: Bitcoin is unique to man.  (Read 838 times)
Debonaire217
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October 27, 2020, 02:13:20 PM
 #61

It is quite sad that these days, the nature of bitcoin as a decentralized currency is trying to be taken away by most of the big companies especially those who are centered on financial services. The reason is that most are focused on hype and to increase the market price of bitcoin, they do not know that their rights on cryptocurrency especially bitcoin are slowly taken away as they use these financial systems that control their private keys. Meaning, the statement on the white paper of bitcoin which states about it being a tool for peer to peer transaction will fade as people return to using these financial institutions that are considered as the intermediaries.
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October 27, 2020, 02:44:04 PM
 #62

It is quite sad that these days, the nature of bitcoin as a decentralized currency is trying to be taken away by most of the big companies especially those who are centered on financial services. The reason is that most are focused on hype and to increase the market price of bitcoin, they do not know that their rights on cryptocurrency especially bitcoin are slowly taken away as they use these financial systems that control their private keys. Meaning, the statement on the white paper of bitcoin which states about it being a tool for peer to peer transaction will fade as people return to using these financial institutions that are considered as the intermediaries.
Yeah, sad fact is that bitcoin isn't what is was some years ago and while it's sad, the current situation sounds very logical, I would even be surprised if it wasn't like that. Bitcoin turned into commercial business. Big companies are on the prowl, they make takeover bids to buy other ones, for example like finance did and bought coinmarketcap. What do you think, are they silly to pay 400 million USD in a website that shows cryptocurrencies prices? No, they have a strategy around it that will bring them 400 million and even more back while also giving them the power they seek.
Bitmain upgrades equipment, mines a lot and then sells them like an innovative product while it's already old for them.

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Reatim
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October 27, 2020, 03:01:47 PM
 #63

Bitcoin is the first and it keeps taking the upper hand for that, nothing changes that. Many other digital currencies has been create and said to be better than Bitcoin due to one feature or the other that they carry, but at the end they can’t replace the cryptocurrency BTC which is the pioneer of the crypto space.
actually the title must be "Cryptocurrencies" and not only Bitcoin because this is what it means,the totality of currencies are not only standing for Bitcoin but the whole market.
I am lucky I discovered cryptocurrency,
actually this is what we must all do being thankful to what we have achieved in this market.

What i was thinking is those FUDders in which making bad image to crypto while the truth is they are making money inside.









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pragna
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October 27, 2020, 04:50:20 PM
 #64

There is a whole lot to discuss about bitcoin but the mind blowing aspect is its being the world first digitalized currency and decentralized at that, How interesting to know and Its worth basically comes from being the first digital currency that has no human organization or authority to control. It’s has so much become common that anyone can buy,sell or receive it .In our world today a Bitcoiner  is a great investor and has good savings without no limit.

Bitcoin isn’t just safe to keep your funds but it keeps you in charge of your funds. despite the fact that bitcoin is a decentralized currency many human organizations and Authorities still seek for it and use it a means transactions (sending and receiving). I have no doubt that with these uniqueness the future of bitcoin is bright and promising for those who puts interest in it.


You are correct that BTC is unique and if anybody first come to cryptoworld he must first know about BTC nothing else. BTC covers about 72-5% of whole crypto market and rest of others. This is because of its uniqueness and sprite. Now anybody in crypto market can easily trust on it and can invest as he wants. There is no barrier do everybody should follow him as no 3rd party involve here.

thanks.
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October 28, 2020, 04:36:32 AM
 #65

Especially it is altogether beneficial and can be used as a promising asset or wellspring of pay and because of Bitcoin's strange nature, various social occasions continue supporting the prevention of advanced cash or bitcoin, and this concern rises in light of the fact that bitcoin exists and works outside the ward. from the standard monetary structure and was seen as a certifiable threat. in addition, notwithstanding, the vital arrangement is so faultlessly made that bitcoin can never be limited and should be regulated openly and as long as the customer has a web affiliation and a bitcoin wallet and trade development can be easily finished and strange and untraceable.

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November 09, 2020, 01:20:23 PM
 #66

Particularly it is by and large users and can be utilized as a promising resource or wellspring of pay and on account of Bitcoin's weird nature, different social events keep supporting the avoidance of cutting edge money or bitcoin, and this worry ascends considering the way that bitcoin exists and works outside the ward. from the standard financial structure and was viewed as a genuine danger. likewise, regardless, the essential course of action is so impeccably made that bitcoin can never be restricted and ought to be managed straightforwardly and as long as the client has a web association and a bitcoin wallet and exchange advancement can be effortlessly completed and odd and untraceable.
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November 09, 2020, 02:09:02 PM
 #67

There is a whole lot to discuss about bitcoin but the mind blowing aspect is its being the world first digitalized currency and decentralized at that, How interesting to know and Its worth basically comes from being the first digital currency that has no human organization or authority to control.
I like your enthusiasm and by now you might understand that bitcoin is not the first digital currency and if i am right it was e-gold that was used as the first digital currency until the government stopped them from flourish further 12 years after it was launched and the speciality of bitcoin is that it is not a centralized currency like e-gold and it is not that easy for any government to stop bitcoin.
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November 09, 2020, 02:31:12 PM
 #68

There is a whole lot to discuss about bitcoin but the mind blowing aspect is its being the world first digitalized currency and decentralized at that, How interesting to know and Its worth basically comes from being the first digital currency that has no human organization or authority to control.
I like your enthusiasm and by now you might understand that bitcoin is not the first digital currency and if i am right it was e-gold that was used as the first digital currency until the government stopped them from flourish further 12 years after it was launched and the speciality of bitcoin is that it is not a centralized currency like e-gold and it is not that easy for any government to stop bitcoin.

That's what we all want, a currency not controlled by the government but we can still use for faster transaction, wallet to wallet, hassle fee and can also use as payment method. Bitcoin is very useful and and easy to use kind of decentralized digital currency as long as you have knowledge about it.

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November 09, 2020, 04:32:37 PM
 #69

Bitcoin is indeed unique, and because of this uniqueness many want to own it, moreover bitcoin can provide benefits.
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November 09, 2020, 04:58:57 PM
 #70

the thing that makes bitcoin special is satoshi nakamoto. he is the mystery of the bitcoin cryptocurrency. the thing he created made this world a whole new place. i am just thinking about that first pizza restaurant selling that pizza for $12k. that much BTC now would be a great much of money
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November 09, 2020, 05:22:49 PM
 #71

There is a whole lot to discuss about bitcoin but the mind blowing aspect is its being the world first digitalized currency and decentralized at that, How interesting to know and Its worth basically comes from being the first digital currency that has no human organization or authority to control. It’s has so much become common that anyone can buy,sell or receive it .In our world today a Bitcoiner  is a great investor and has good savings without no limit.

Bitcoin isn’t just safe to keep your funds but it keeps you in charge of your funds. despite the fact that bitcoin is a decentralized currency many human organizations and Authorities still seek for it and use it a means transactions (sending and receiving). I have no doubt that with these uniqueness the future of bitcoin is bright and promising for those who puts interest in it.



I've caught your idea in your post. And of course agree that BTC is a unique and really revolutionary thing that has happened to us in this century. But I can not agree that the Bitcoin holder or someone who has assets in BTC has got savings with no limits. First the price is always changing and this is the most important thing that investor should remember. Second - some countries still keep some limitations and regulations for those who prefer to use crypto. So of course Bitcoin is a great thing, but only for those who hold it wisely and keep on touch with all the changes on the whole market.
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November 09, 2020, 05:57:25 PM
 #72

Bitcoin isn't unique to man, it is an unique development by man. Bitcoin isn't the first digitized currency human have used. Already there is few cryptocurrencies in the market, and none have gained such a great acceptance as bitcoin. Maybe in the earlier days it is used for bad, but the technology gave a big outcome. Bitcoin having the limitations on production is the one that makes it even more unique when we compare it against the inflationary fiat which is printed whenever required.

Right now the usage of technology and bitcoin is getting widespread, as people have started to realise the truth and uniqueness of blockchain and bitcoin.
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November 09, 2020, 06:01:03 PM
 #73

Bitcoin is indeed unique, and because of this uniqueness many want to own it, moreover bitcoin can provide benefits.
It is unique however not all people known about bitcoin, and still other think that bitcoin is a bitcoin scam from internet which they didn't know what the real bitcoin is and what profit can they get. We can say many wants to own bitcoin however others are still new or those who really wants to start bitcoin , they should need to read what bitcoin really is and how they start. How they can bitcoin benefits them. To open their mind and gain more knowledge about bitcoin.

For me it really is unique because it helps me alot of course for financial problem.
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November 09, 2020, 06:25:25 PM
 #74

~
That's what we all want, a currency not controlled by the government but we can still use for faster transaction, wallet to wallet, hassle fee and can also use as payment method. Bitcoin is very useful and and easy to use kind of decentralized digital currency as long as you have knowledge about it.
We are yet to achieve the payment part and i am hoping we will achieve that in the future, you really do not need to have the knowledge on how bitcoin works but all you need to know is to secure your wallet and that is about it. The governments around the world will find a way to control bitcoin in the form of regulation and there is nothing we can do to overcome that.
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November 09, 2020, 06:45:04 PM
 #75

Quote
In our world today a Bitcoiner  is a great investor and has good savings without no limit.

Although I like your enthusiasm, a "Bitcoiner" aka a bitcoin investor is not necessarily a good investor. My definition for a good investor is someone who has a track record of good investments over a long-enough period of time. In any case, remember that past results are not a guarantee of future results.

Quote
Bitcoin isn’t just safe to keep your funds but it keeps you in charge of your funds.

I'd say that keeping funds in BTC is as safe as their owner knowledge about best practices in security.

Overlooking these observations, Bitcoin is indeed a unique asset that has refreshed our world and gave us a hope for a more transparent future.
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November 09, 2020, 09:00:26 PM
 #76

Yes this is nice and interesting? There is no time fixed to do any transactions in bitcoin, You can transfer any amount of bitcoin to any where in the world, You don’t need to go to the bank or any physical store, there is no transfer limit, So bitcoin is unique and comfortable to use, stress less currency, online currency, You can carry millions of dollars in your wallet and make use if it in the next few minutes, but in banks you most under goes some verification before you can do.
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November 09, 2020, 09:11:47 PM
 #77

Overlooking these observations, Bitcoin is indeed a unique asset that has refreshed our world and gave us a hope for a more transparent future.
We like a world with transparency but do everyone like those concepts, there are many waging a war against bitcoin and i can only assume that they do not want transparency in a financial asset which means less corruption and crime and not everyone likes those ideas to be implemented and on top of that no government wants to have their power reduced by a decentralized currency. The best part is they cannot do anything about it and we are expecting them to come up with regulations to have some control and get satisfied Cheesy.
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November 09, 2020, 09:26:08 PM
 #78

What makes bitcoin unique is that even people does not know who created it personally, even if most economists are against with it due to volatility, bitcoin community still sticks to it as if they are not affected. With hundreds and thousands of cryptocurrency in the market, bitcoin is no unique as a farm of decentralized currency, the only uniqueness it has is the people behind it.

Nah. Bitcoin isn't unique because we don't know the person or group that created it. It's not about the people behind it. If we knew who Satoshi Nakamoto is, what do you think will change? The uniqueness of bitcoin comes from various features of the currency, and one of them is the decentralization.



 

 

 

 

 

 


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November 09, 2020, 09:50:18 PM
 #79

The uniqueness of bitcoin comes from various features of the currency, and one of them is the decentralization.
Indeed. Thats one of the advantage of bitcoin, being decentralized is giving us more freedom to do what we want with our own asset since the government cant control it. I think its the best thing that btc has aside that it can be an investment. Being able to use it without any third party for sending/receiving and no hassle papers to fill up is really convenient. But some people are not seeing this advantage through bitcoin thats why they are still hesitant to engage themselves in crypto.

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November 09, 2020, 10:59:02 PM
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Indeed. Thats one of the advantage of bitcoin, being decentralized is giving us more freedom to do what we want with our own asset since the government cant control it. I think its the best thing that btc has aside that it can be an investment. Being able to use it without any third party for sending/receiving and no hassle papers to fill up is really convenient. But some people are not seeing this advantage through bitcoin thats why they are still hesitant to engage themselves in crypto.
The best thing that bitcoin gives to the humanity is decentralisation and transparency. The use of block chain technology ease the people to avoid fraud and check the validity of the transaction. It is really an advantage to us pioneers of bitcoin because there are many people who still ignore using of bitcoin because they think it is a scam. After many years, bitcoin will become the main currency and I think it is also the time for us to be millionaires.

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