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Author Topic: That's why I really like bitcoin :)  (Read 1745 times)
Silent Sam (OP)
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September 03, 2022, 07:19:28 AM
Merited by Mkmanik (2), JayJuanGee (1)
 #1

You don’t have to physically carry it around. You can gutter the paper or plastic and free up your precious fund space.

Bitcoin is like a bank that’s in no way closed, this currency is moving and available 24/7. Further people and places are starting to accept it, from coffee shops to real estate possessors, this is a currency gaining traction and seems to be gaining worldwide acceptance.

The Bitcoin community has quality memes and GIF games. Bitcoin was created by software people who wanted to hack the financial world and produce a better system after the request collapse in 2008.

It’s decentralized, no need for any 3rd party to babysit your sale and take a piece of it. In developing nations, this technology is enabling more practical operations that will enable translucency and combat corruption in governments.

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September 03, 2022, 09:00:13 AM
Merited by JayJuanGee (1)
 #2

Don't forget to continue liking bitcoin when things that make you feel that bitcoin doesnt like you occur - the price plunge, regular hacking activities, exchanges going bankrupt, people claiming to be Satoshi etc. They are many bad features linked to bitcoin but, its not meant to stop anybody from continues usage of bitcoin, I'll urge you to keep up with the things that make you happy about bitcoin despite the numerous negative news appearing on news platforms just to detriment the good aspect of  bitcoin. As for me I like bitcoin because they is no third party that is in control of daily transactions.

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September 03, 2022, 09:05:12 AM
Merited by Maestro75 (1)
 #3

These features are really great and not only but also many of us like Bitcoins due to this.
Moreover these are also the main reasons for which many are moving from forex and gold to cryptos.
At last the decentralised nature of Bitcoins have also attracted many investors to invest in Bitcoins. Due to this decentralised nature, no government is able to impose tax on Bitcoins and to be honest people really loving it when they are not forced to pay additional money.

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September 03, 2022, 10:01:31 AM
Merited by JayJuanGee (1)
 #4

Bitcoin is like a bank that’s in no way closed

bitcoin has no any qualifications to be compared with banks by any means, banks has closing hours, off days, weekends, holidays, ownerships, central authorities, paper notes, and can fold up in bankruptcy and the likes.

this currency is moving and available 24/7

this is applicable to bitcoin, fiat cannot give you this guarantee, the time you may need your fund most may be when restriction may be lay on it and renders it inaccessible.

Bitcoin was created by software people

No, bitcoin was created by a pseudoanonymous person or group of persons believed to be called Satoshi Nakamoto

people who wanted to hack the financial world and produce a better system after the request collapse in 2008.

alot of people have made attempts in creating alternative digital currency before Satoshi but i dont think their aim was to hack the financial system of centralized banks and government.

Silent Sam (OP)
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September 03, 2022, 10:03:21 AM
 #5

Don't forget to continue liking bitcoin when things that make you feel that bitcoin doesnt like you occur - the price plunge, regular hacking activities, exchanges going bankrupt, people claiming to be Satoshi etc. They are many bad features linked to bitcoin but, its not meant to stop anybody from continues usage of bitcoin, I'll urge you to keep up with the things that make you happy about bitcoin despite the numerous negative news appearing on news platforms just to detriment the good aspect of  bitcoin. As for me I like bitcoin because they is no third party that is in control of daily transactions.
Everything has its good and bad sides. If we look at the good side of Bitcoin, there are many things that can be done and currently, some people are controlling the entire market. Whenever the market is out of their hands, everything will be better and the price of Bitcoin will increase. Also, its usage will increase you will see currently many online shops and offline usage of Bitcoin is increasing on the other hand if you look at banks there are also many frauds it is actually an open secret.

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September 03, 2022, 10:14:00 AM
Merited by JayJuanGee (1)
 #6


Further people and places are starting to accept it, from coffee shops to real estate possessors
Are you honestly sure that people are accepting bitcoin in coffee shops as you presented? I am not sure you are correct about this. The buyer might not agree to bear the transaction fee and likewise the seller. Since coffee price is not expensive, people resort to using Lightning network for such payment. The last time I checked LN network rate of adoption, it is not progressing that very fast.

Bitcoin was created by software people who wanted to hack the financial world and produce a better system after the request collapse in 2008.

How did you come about the above information? Was Satoshi the head of the group that wanted to hack the financial world or is Satoshi the name of the group?

You can say that the 2008 financial collapse necessitated the creation of bitcoin by Satoshi and not otherwise.  Bitcoin was created by Satoshi not group of hackers or software people.

R


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September 03, 2022, 10:27:42 AM
 #7

Don't forget to continue liking bitcoin when things that make you feel that bitcoin doesnt like you occur - the price plunge, regular hacking activities, exchanges going bankrupt, people claiming to be Satoshi etc.
(....)
Exactly! This is one of the many tests for people who really acknowledge or are really into Bitcoin or really know how Bitcoin works.
Because there are a lot of people that only got into Bitcoin just for the money or investment and when the price of Bitcoin is suffering or due to high volatility, then intended to ignore Bitcoin too, and some of them don't really know how Bitcoin works.

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September 03, 2022, 10:29:11 AM
 #8

Bitcoin has provided a better alternative to a bank, that is to say, Bitcoin allows us to do what the bank does not let us do, e.g with Bitcoin one can send money anytime and anywhere without having to visit any physical office or having to sign any paper. Bitcoin also gives us privacy and anonymity.
The Bitcoin community has quality memes and GIF games. Bitcoin was created by software people who wanted to hack the financial world and produce a better system after the request collapse in 2008.
You seem to have a misconception with the above-quoted paragraph of your text, as what you pointed out as a feature of Bitcoin seems to be contradictory to the true nature of Bitcoin both in theory and practical. Bitcoin doesn't want to hack the global financial system rather Bitcoin only provides a better alternative to the traditional financial system.

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September 03, 2022, 08:36:23 PM
 #9

Today it is not about as to liking bitcoin....and then You are to trying to explain why, since every bitcoin user knows very well why they use it... We must stop being redundant in positive discourse and be more proactive.


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September 03, 2022, 08:39:18 PM
Merited by JayJuanGee (1)
 #10

I'm glad you like it Smiley

For me there's really a lot of things in bitcoin that I like. I liked the "banking the unbanked" and "be your own bank" slogans. Nowadays seeing how countries fight cash by limiting cash payments I see that we need bitcoin more than ever. I hope more people will say they like it in near future.
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September 03, 2022, 08:47:19 PM
Merited by JayJuanGee (1)
 #11

Bitcoin was created for new payment systems but not to replace existing payment systems. Bitcoin is a very innovative alternative payment instrument that can be used anytime and anywhere as long as the first party [sender] and the second party [recipient] both agree to accept bitcoin as a means of payment.

People love bitcoin for a number of reasons, and I think they will differ from one another. If I like bitcoin for its high price, then you will probably like it for its decentralized nature. Bitcoin is the same as bank, it's yours but remember that it's not your key then it's not your bitcoin.

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September 03, 2022, 09:13:19 PM
Merited by JayJuanGee (1)
 #12

You don’t have to physically carry it around.
Good thing you have found your peculiar reason, we all have our reasons why we like bitcoin, but the final matter is that we like bitcoin and should all make a conscious effort to hodl as long as possible, and help others find their own reasons to like bitcoin. Certainly if you have a conversation with someone offline and share your reason why you have come to like bitcoin, they may begin to consider bitcoins knowing that your points are valid. I encourage you to do so also, just as you have shared with us.

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September 03, 2022, 09:17:00 PM
 #13

It got developed to overcome the flaws with the traditional system. We can experience the difference of using bitcoin and the traditional currency. Whenever something new gets innovated people always make use of it in all possible ways. As a result the pseudo-anonymous feature of bitcoin helped more illegal transactions to be made easier. For this reason it got stamped as the currency developed for the illegal needs. So, it have crossed several good, bad and now it has gained importance as payment asset and investment. Different people like it for different needs and my choice of it is the multiple usage.

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September 03, 2022, 09:17:51 PM
 #14

Everything has its good and bad sides. If we look at the good side of Bitcoin, there are many things that can be done and currently, some people are controlling the entire market. Whenever the market is out of their hands, everything will be better and the price of Bitcoin will increase. Also, its usage will increase you will see currently many online shops and offline usage of Bitcoin is increasing on the other hand if you look at banks there are also many frauds it is actually an open secret.
the aim of the decentralized coin is being attacked by the whales and exchanges through the terrible price manipulation and extent of dip. Although we think the coins cant control the volatility, the adoption may struggle with the volatility. New institutions cant cope with the loss from the volatility as seen the last 2 years and that may affect the increased adoption. We cant continue to see 80% bear market dip

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September 03, 2022, 09:46:35 PM
Merited by JayJuanGee (1)
 #15

Bitcoin is like a bank that’s in no way closed, this currency is moving and available 24/7. Further people and places are starting to accept it, from coffee shops to real estate possessors, this is a currency gaining traction and seems to be gaining worldwide acceptance.
I will not say that Bitcoin is like a bank, in which aspect?
The bank is centralized and Bitcoin is not. The bank is only open during working time (except for some of its features that can be accessed 24/7, but not all aspects can.), and Bitcoin can be accessed 24/7. The bank needs more regulation and Bitcoin is not.

If you mean to compare it to fiat, this is actually quite the same as the currency. But sometimes, we cannot utilize Bitcoin as a currency in several countries because the matter is that not all countries legalize Bitcoin as a currency.
But, BItcoin has more than banks can do, Bitcoin is not only a currency but also an asset for high worth investment.

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September 03, 2022, 10:28:45 PM
 #16

Bitcoin is an amazing creation. Most of all, I was developed out of selflessness in a bid to help the people. It's key focused is relied in help. To give power back to the people by creating an escape from centralization and in turn, one Co fully be incgarge of one's affairs, decides on how much one wishes to declare and you can carry a whole lot about without much fear of theft. Not to mention, you get to transfer values across the ends of the world in minutes and you don't need a third party to do it. That's to mention just a few and it's why bitcoin is just something we really need in our world today.

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September 03, 2022, 10:56:41 PM
 #17

It’s decentralized, no need for any 3rd party to babysit your sale and take a piece of it. In developing nations, this technology is enabling more practical operations that will enable translucency and combat corruption in governments.

But not all developing countries are into bitcoin though, some of them are planning to have their own CBCD. What's practical is that there are countries who allow their citizens to play around it, have some in their wallet, nevertheless it is heavily regulated.

Also having bitcoin it gives us financial freedom, specially if you have invested early and then have been in a bull run for sure there are a lot of us who like bitcoin that way.

 
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September 03, 2022, 10:58:00 PM
 #18

Many are not like you.

They will only like bitcoin when it's favoring their portfolios and the price is high. But when the bear market comes and it's not looking good to see what they've got, they're starting to dislike it.

This isn't for those who are long in bitcoin because through thick and thin, it's proven that they or we like bitcoin no matter what it's status as of the moment.

The Bitcoin community has quality memes and GIF games.
If you're for the memes, there are also non-coiners that do make those.  Grin

They make fun of us but when the market is bullish, they're off and set to wait it finish.

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September 03, 2022, 10:59:31 PM
 #19

Bitcoin is like a bank that’s in no way closed, this currency is moving and available 24/7. Further people and places are starting to accept it, from coffee shops to real estate possessors, this is a currency gaining traction and seems to be gaining worldwide acceptance.
I will not say that Bitcoin is like a bank, in which aspect?
The bank is centralized and Bitcoin is not. The bank is only open during working time (except for some of its features that can be accessed 24/7, but not all aspects can.), and Bitcoin can be accessed 24/7. The bank needs more regulation and Bitcoin is not.
But I'd like to say, be your own bank through Bitcoin.  You've got full control over your asset and you do transactions anytime you want.
It might be that's what OP meant for.  It can also express financial freedom as what's posted above.

I like people who've admired Bitcoin.  
Yeah, it's an amazing creation that until now people adopted on it, we must say thank you to the creator (Satoshi Nakamoto) who has an unknown name.  Bitcoin considering is a part of technology innovation that we encounter now.
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September 03, 2022, 11:02:31 PM
 #20

You don’t have to physically carry it around. You can gutter the paper or plastic and free up your precious fund space.

Yes, this is one advantage of it, you can just save your previous bitcoin in lets say a hardware wallet.

Bitcoin is like a bank that’s in no way closed, this currency is moving and available 24/7. Further people and places are starting to accept it, from coffee shops to real estate possessors, this is a currency gaining traction and seems to be gaining worldwide acceptance.

Maybe what you meant is the (BYOB), Be your own bank. so you have access to it all the way, as long as you have the private key. Acceptance percentage though is not that high, not all coffee shops and real states are accepting it but we will go there.

The Bitcoin community has quality memes and GIF games. Bitcoin was created by software people who wanted to hack the financial world and produce a better system after the request collapse in 2008.

It's primary design was to be a peer to peer electronic system, an alternative to the current financial and traditional market.

It’s decentralized, no need for any 3rd party to babysit your sale and take a piece of it. In developing nations, this technology is enabling more practical operations that will enable translucency and combat corruption in governments.

Bitcoin is not a magic bean that will solve every human problem. So I don't think it will be a solution to corruption in government.

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