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Author Topic: imagine a world without Bitcoin  (Read 576 times)
bittraffic
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April 16, 2022, 05:10:45 PM
 #81

The most important aspect of Bitcoin is missing from what you listed above as the major reason and usage of Bitcoin are for p2p payments without the intervention of any third party. Bitcoin has come to eradicate the era of traditional banking where privacy is taken seriously. Some take Bitcoin as an investment while others mainly use Bitcoin for payment.
While true the fact that bitcoin was created by an individual and not a government meant that it began with a user base of one, at the beginning only satoshi used bitcoin and then it kept growing its user base, this means that bitcoin became and incredible investment and that you could accumulate early on amounts of bitcoin that would be impossible to accumulate in the future unless you had a lot of fiat already.

So it is natural that even today the main use of bitcoin is as an investment and store of value than as a currency, but as adoption grows at some point we will see a reversal of this situation and bitcoin will finally fulfill its main objective, which is to become a currency.

Satoshi must have it in mind for years that he kept developing an alternative and solving the double spending but eventually he created BTC and made it to perfection. And then BTC is becoming the most attractive asset class today which institutions are buying up BTC.

The world without BTC is coming back to bailing out banks again, that's what will happen as governments had been doing it for decades. Now that there is an asset/currency that  no one can ever printed to add up to the supply, government are panicking to release their own CBDC.

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April 16, 2022, 07:16:41 PM
 #82

a world without Bitcoin would be a very boring world...

when russia first attacked ukraine - a lot of bitcoins were donated to it later when russia was cut off from SWIFT - they required countries that wanted to buy their oil to only use bitcoin and ruble.

my personal experience, if I didn't know bitcoin then I believe my economy would not be as good as it is now, Bitcoin is a miracle.



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April 16, 2022, 07:36:33 PM
 #83

While true the fact that bitcoin was created by an individual and not a government meant that it began with a user base of one, at the beginning only satoshi used bitcoin and then it kept growing its user base, this means that bitcoin became and incredible investment and that you could accumulate early on amounts of bitcoin that would be impossible to accumulate in the future unless you had a lot of fiat already.

So it is natural that even today the main use of bitcoin is as an investment and store of value than as a currency, but as adoption grows at some point we will see a reversal of this situation and bitcoin will finally fulfill its main objective, which is to become a currency.

Bitcoin is now a store of value, a good investment, and will most likely remain so in the future. It is difficult for me to imagine the moment when bitcoin will become a full-fledged means of payment, when I will be able to pay for my purchases in a store, or pay for travel in transport. And it’s easy to imagine a world without bitcoin, because my bitcoins are in my wallet as a long-term investment, and if bitcoin didn’t exist, then most likely I would just buy gold. But luckily bitcoin exists, and it's great! )
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April 16, 2022, 08:24:49 PM
 #84

In this situation it is very difficult to imagine a world without bitcoin.This bitcoin has played a huge role in the unemployed youth community around the world.If it weren't for Bitcoin, our lives would be a lot worse today.But for Bitcoin we have come a long way today.We will never be able to pay for Bitcoin. The more the world updates, the more popular Bitcoin will become.

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April 16, 2022, 08:33:01 PM
 #85

World is running from million of years without Bitcoin and it will run as  it is already running.  BTC provide us online safe secured transaction but if BTC was not invented then  something else had discovered because Need is mother of invention. But if now BTC will be removed from this world in current time then it is different matter which effect the world for few time of period.

Million years ago, that is what I was we were told. More like a fact than theory.
Bitcoin has been a liberty to some people, almost every part of the world has heard about bitcoin it just that not everyone will have that opportunity to get it.
Either with bitcoin or not, the world still remains the same. When there was no bitcoin, there were war, there were famine, natural disasters, global warming and now that we have bitcoin, these things are still available everywhere. Apart from global store of value and hedge against inflation preserve, others things still remain the same.

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April 16, 2022, 08:42:18 PM
 #86


<.................>


If I imagine a world without bitcoin, then there will be no post like this. There won't be any successful craziest meme tweets via Elon Musk. McAffee won't be gone like this. There will be no such Garry Kane scam news. There will be news of the world's highest amount of money hacked. Because of this, I won't be here or I ca continue my studies. Because of this, I earn money and then I bear my expenses. Not only that, my family's financial position will be worse. Now I can't imagine more. I'd like to thank my God for bestowing upon Satoshi Nakamoto Sir a special power to create the world of bitcoin. my overall imagination.
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April 16, 2022, 09:17:51 PM
 #87

In this situation it is very difficult to imagine a world without bitcoin.This bitcoin has played a huge role in the unemployed youth community around the world.If it weren't for Bitcoin, our lives would be a lot worse today.But for Bitcoin we have come a long way today.We will never be able to pay for Bitcoin. The more the world updates, the more popular Bitcoin will become.

I can imagine,
Without Bitcoin people should have to struggle for getting a job after having all kinds of qualifications.
Without Bitcoin we would have to invest in the stock exchange where 2% dump anxiety leads to hair loss. but in bitcoin 30% pump/dump is usual thing.
Without Bitcoin, Ukraine's president would not be able to provide a donate wallet for help after the war has invalidated their currency.
Without Bitcoin, the bank could have sucked people a little better.
A lot more could have happened without Bitcoin. It gives us ultimate freedom.

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April 17, 2022, 02:02:59 AM
 #88

the era we live in now is the era of the digital world, so we are extraordinary in the digital age, but if we live in world war II, of course we will not say that the world without bitcoin will progress. The proof is that after the second world war, countries could rise up and move forward. with bitcoin it looks like the world without bitcoin would be bleak but now know that many people develop their business without using bitcoin even that person doesn't know bitcoin.

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April 17, 2022, 03:33:29 PM
 #89

if the times did not appear bitcoin, may not be a pleasant conversation. just like mobile phones, previously people didn't use cellphones it didn't matter, there was still a postal mail or landline and now they have to use a smartphone, sometimes someone also feels dependent on a smartphone. that's the picture of developments in the world, the same as bitcoin, of course it will always develop and we will also have to be able to adapt to the latest developments
This is true, people moving to smartphones do matter a lot as a n example to crypto. From all the way of using carrier pigeons to having the information of the world on your fingertips, it became a thing that nobody could deny at this moment, it is just insanely good. This means that we could be basically just focusing on the fact that crypto is something that is profitable if you could hold long term enough.

It has been doing great for the past 10 years, and I do not see it stopping in the next 20 years neither, which means that at one point it will become something that nobody could deny to use, one day it will be just a regular everyday thing for all humanity.

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