How important is BTC to the Society?

[laurenB7742]

Bitcoin helps you fight against inflation and it will help you survive in this world. In today's world where the primary currency is Fiat money, where the distribution of this is unfair. Government always prints excess money which makes rich people more richer and poor people more poorer.

Bitcoin can only help us against inflation if you hold it for long, in the short term, bitcoin can not help us against inflation. For example, if you bought bitcoin at the end of last year, your wealth would have fallen far short of the fiat currency's inflation so far.
The fact that the rich are getting richer, I don't think it's the government's fault, but ours, simply because we're not better than them.

Bitcoin can help bridge this gap as its supply is limited and there is no inflation in it. The only hurdle is that government is not in favor to make bitcoin as a mainstream currency.  

Bitcoin is an excellent opportunity for everyone, and it opens up the possibility for poorer people to take advantage of the opportunity to catch up with the rich people of today.

[gunhell16]

I just want to add an idea about this matter, in my observation and how many years I have been in the cryptocurrency industry, as far as I can see, in a short time this bitcoin will become a necessity in most countries.

Because of this time, whether we admit it or not, there are countless merchants and large companies around the world that accept bitcoin in their businesses, even in tourist spot locations, it is slowly being noticed. . Meaning, its importance is due to its usages and features and it is gradually being seen by the majority of people around the world.

[harapan]

Have be thinking about the importance of cryptocurrency, especially BTC in our society today and the nearest future. And how is going to improve the Society especially our environment and economic.

Bitcoin is so important in our present life today. Bicoin is fast forming main part of humanity especially in the online companies and for online transactions. You can use the gambling industries for instance as they have accepted bitcoin to a large extent for payment method.
But no matter how important bitcoin is presently, it cannot be compared to the amount of importance bitcoin will be in the future.

When automation will take over the industries of the world where humans might not be needed for transaction acceptance and payment then you will know the importance of Bitcoin for automated transaction confirmation without human interferece, which will be integrated in robots and other technologies. That is when the pure importance of bitcoin will be appreciated by the whole world.

The era's headed to the digital phase so it's a good idea you have contributed there, and with the automation fast approaching and the utilization I think the partnership with lighting network would make payments and transmission and transactions go smoothly without much problems.

Also, Bitcoin is a better alternative to the Fiat money that the government imposes on the people. It's so sad that the government are the people, but what they really want and demands are not been met. Take your time to read about the advantage Bitcoin give's you over fiat.
Currently,it's like riding on a bumpy road with anything thatbhas to do with finance, you can't hold enough dollar's, your country Currency and also Bitcoin, because they are all not currently stable.

But holding and buying Bitcoin for long term purpose is worth the buy.

[Thuy Anh]

The market price of Bitcoin is equal to its own value.

One of the great things about Bitcoin is that you can quickly transfer large amounts of value around the world without relying on any intermediaries.

The popularity of Bitcoin has made people pay more and more attention to their privacy. Bitcoin is slowly affecting everyone's judgment.

[Ayers]

I just want to add an idea about this matter, in my observation and how many years I have been in the cryptocurrency industry, as far as I can see, in a short time this bitcoin will become a necessity in most countries.

Because of this time, whether we admit it or not, there are countless merchants and large companies around the world that accept bitcoin in their businesses, even in tourist spot locations, it is slowly being noticed. . Meaning, its importance is due to its usages and features and it is gradually being seen by the majority of people around the world.

I admit that bitcoin is getting more attention and acceptance in shops, companies, and even some countries that have already accepted it. It is a highly optimistic signal for bitcoin as well as the future of the crypto industry. But honestly, OP's question is asking about how vital bitcoin is to society, and currently, bitcoin is not something that has a significant impact on a country's economy. Bitcoin is not really there, bitcoin is on its way and we need to push it to get there faster, not the illusion that bitcoin has already done it.

[KingsDen]

Have be thinking about the importance of cryptocurrency, especially BTC in our society today and the nearest future. And how is going to improve the Society especially our environment and economic.

...

Currently,it's like riding on a bumpy road with anything thatbhas to do with finance, you can't hold enough dollar's, your country Currency and also Bitcoin, because they are all not currently stable.

But holding and buying Bitcoin fir long term purpose is worth the buy.

In as much as price volatility is an advantage to Bitcoin in terms of the traders but I also think that the volatility of Bitcoin is of great disadvantage to knowing the true essence of Bitcoin.
Because of buy low and sell high ideology of bitcoin to have some profits,  it has made many people deviate from the original purpose of bitcoin and the advancement of bitcoin course.
Bitcoin will heed us against inflation which is a very good attribute of Bitcoin. If we actually want our money to double then we should go and work and get paid or do other kind of thing to get money. The total essence of satoshi in Bitcoin is for it to be currency but today bitcoin has become more of an investment asset than a currency.

When we pay less attention to the profit we get by price movement of Bitcoin, we will understand the true value and essence of Bitcoin as it regards present and future

[Rengga Jati]

This has happened a few years ago when Bitcoin started to climb up and affect the lives of many people. Like it or not, Bitcoin has become a very influential thing, especially changing the people's economy. many people have found it useful to improve their economy after learning a lot about Bitcoin, but there is also the opposite. In essence, Bitcoin now and in the future has become a part of us with its various benefits and pros and cons in society.

[South Park]

Have be thinking about the importance of cryptocurrency, especially BTC in our society today and the nearest future. And how is going to improve the Society especially our environment and economic.

Many people still do not realize about the importance that bitcoin really has, CBDCs are coming and this will give governments unparalleled control over your finances, if at some point governments decide they do not like people using their money to buy cigarettes and cash does not exist anymore then they could forbid you to buy cigarettes, so they will have a compete control over what you can and cannot buy, bitcoin gives us the ability to resits that censorship and that is invaluable.

[darkangel11]

The most important feature of bitcoin is that it's verifiable at any given moment by any user. The value you have in bitcoin is yours forever. It cannot be taken away and you cannot be stopped from using it.

To compare, a traditional bank doesn't move your money when you make a transaction. It sends information to the other bank branch that they are adding to your account and the other branch should subtract from their ledger. When you pay with bitcoin you really do it. Coins are processed and moved across the chain from your address to the recipient's.

Also, the bank doesn't act on its own. It's subject to laws, regulations, it has to obey the government. It can also act on its own and make rules that you either accept or get kicked out. Bitcoin doesn't do that. It doesn't obey any rules and it won't discriminate. It's better than the Internet because with Internet you have to go through an ISP server and that ISP has a registered company and can deny you service. Bitcoin will not deny you. It's so good that when you're using it you start seeing flaws in internet providers and traditional payments. It opens our eyes.

[AmoreJaz]

This has happened a few years ago when Bitcoin started to climb up and affect the lives of many people. Like it or not, Bitcoin has become a very influential thing, especially changing the people's economy. many people have found it useful to improve their economy after learning a lot about Bitcoin, but there is also the opposite. In essence, Bitcoin now and in the future has become a part of us with its various benefits and pros and cons in society.

the existence of btc has changed many lives since its inception. it has influenced the lives of many one way or another. it may not be reflected in the economic aspect of every country, but on the individual level, this btc market has been a great addition in the technological advancements especially in the payment sector. during the pandemic, many people acknowledged the btc or crypto payment method as one important addition when it comes to digital payments. this is why a lot are getting involved because they are seeing the actual contribution in the payment sector.

[teosanru]

Have be thinking about the importance of cryptocurrency, especially BTC in our society today and the nearest future. And how is going to improve the Society especially our environment and economic.

Except for the fact that we will have more control over our money and probably the additional financial transparency, I don't see a lot of improvements happening in the society. Money will still be money and all social factors of the society are still going to remain same, only that cross border payments will become easier and biggest advantage that financial transparency will reach an altogether new level never seen by anyone so far.

[uneng]

And how is going to improve the Society especially our environment and economic.

Environment and society improve when the members of this society have high moral and financial standards. Important to notice money isn't everything, though.

So we can say bitcoin can be helpful as investment on long term to protect patrimony against inflation and as a potential mean of payment for online jobs that weren't disponible to common people like us before the invention of bitcoin.

As we earn more money, in great part thanks to bitcoin, we have conditions to spend more money in our local societies, warming the local markets, and going for environmental-friendly products and services, since their costs are more expensive, so we need an improved income to have access to them.

[ilovealtcoins]

Have be thinking about the importance of cryptocurrency, especially BTC in our society today and the nearest future. And how is going to improve the Society especially our environment and economic.

Except for the fact that we will have more control over our money and probably the additional financial transparency, I don't see a lot of improvements happening in the society. Money will still be money and all social factors of the society are still going to remain same, only that cross border payments will become easier and biggest advantage that financial transparency will reach an altogether new level never seen by anyone so far.

Strictly speaking, bitcoin only makes an impact on individuals but not on society. Currently, bitcoin is also a part of the world economy, but it is still just an investment, not bringing too much impact to society as well as helping the economy of a country to go up. So bitcoin is not really important to a country's society or economy.

[Iranus]

Have be thinking about the importance of cryptocurrency, especially BTC in our society today and the nearest future. And how is going to improve the Society especially our environment and economic.

Except for the fact that we will have more control over our money and probably the additional financial transparency, I don't see a lot of improvements happening in the society. Money will still be money and all social factors of the society are still going to remain same, only that cross border payments will become easier and biggest advantage that financial transparency will reach an altogether new level never seen by anyone so far.

That's all that bitcoin gives us, it can be said that bitcoin is benefiting a lot of people, helping a lot of people to improve their lives, but when it comes to the importance of bitcoin for society, it has yet to be achieved. Bitcoin is still very limited to being a solution for society.
Currently, countries with high inflation or poor countries have been applying bitcoin, but the effect has not been as expected. I hope in the future, when bitcoin becomes more popular, it can contribute more to the development of society and countries.

[barto123]

the main point of BTC is to separate money & state. power to the people - defund the slave masters!

inflation destroy societies; the ability for for a small group of bankers to control & manipulate the world's money is a crime against humanity.

most of the world's problems has been manufactured by the central banking cartel (cabal) in order to carry out their multi generational agenda. If you're red pill you'll find we're dealing with pure evil. Read the creature from jekyll island - it's a good book to start with because it's orange & red pill.

fiat is the mother of all scams. they're only able to control us because we use their money. slavery has merely been rebranded to a 9-5 job.

most bitcoiners who have been around a while are familiar with the phrase: "fix the money, fix the world".

if used correctly (take custody at minimum), bitcoin gives anyone on earth freedom & sovereignty like never before in history.

[redsun114]

Bitcoin can surely help the economy of a country like for example the government can tax btc users. When there are economic crises such as inflation, people can also use the btc as a hedge against it.

We can also get extra income with it as long as btc value is rising and does not join the crisis that people are experiencing in the real world. Given all of that benefits, each government of the country should allow btc if they haven't yet or unban it if they have banned it before for some reasons. They shouldn't only focus on its disadvantage because the advantage of btc are still more than that.

[Flexystar]

I think it is a escape pod for most of the people who are tired of traditional banking system. Bitcoin has amazing features to offer for society however it is drastically ignored by many governments and thus it's always one step behind in achieving what it should have done already. Nonethless, there is still large portion of population who is going to use to in the upcoming years as we proceed with higher technological advances and as the different adoptions starts here and there. For example, various countries making it as legal tender is big achievement while some of them are trying to be bitcoin HUB! Definitely it has hard path ahead but bitcoin is going to be crucial part of our society sooner or later.

[Anguwa]

Have be thinking about the importance of cryptocurrency, especially BTC in our society today and the nearest future. And how is going to improve the Society especially our environment and economic.

Local banks have been in charge of our money and have continued to use it for their own purposes without paying us the appropriate rate of interest; some even take money out of your account for maintenance and other unnecessary costs. Bitcoin has a solution that is even resolving to a very high benefit of allowing you to hold it for a very long time. When you hold Bitcoin, no wallet will reduce your Bitcoin in the name of maintenance, and you will always have complete control of your money.

[Asiska02]

Have be thinking about the importance of cryptocurrency, especially BTC in our society today and the nearest future. And how is going to improve the Society especially our environment and economic.

Cryptocurrency helps in the elimination of the third-party influence in the monetary system. Bitcoin is created to serve as an alternative to fiat currency, making it easier to conduct transactions without the involvement of a third party. It is here to tackle the challenges linked with fund transfers that are usually experienced by local banks around the world.

Its decentralization distinguishes it today, and it has no regulatory power that can impact it now or in the future. Bitcoin has aided the environment by creating jobs for the unemployed, who are now leveraging its use and profiting from it to meet their daily necessities.

[KingsDen]

How important is BTC to the Society?

I have this to say again! Bitcoin is important to the society especially to the persons or group of persons that know about bitcoin. The group of people that knows nothing about bitcoin, I don't think that bitcoin will mean anything to them or affect them.
It is only the people that has investment in bitcoin that will cry during the bear market and only them will smile during the bull market.
All this FTX bankruptcy and bitcoin crash we are crying here in the forum, there are many people in the real life who doesn't understand what happening and they don't care to know in as much as they can earn a living in whatever thing they are doing.
The importance of bitcoin in the future will only be determined by the acceptability of bitcoin in the society. If it is largely acceptable, the society will feel the impact, otherwise nothing changes.