Understanding Bitcoin's Potential Realistically

[Hatchy]

I was about to reply to this thread before it was locked by the OP.  Our Vision: How to change the world in three simple steps by Bitcoin"

The discussion raised an important issue that I believe many of us can relate to and should consider. As long-term Bitcoin enthusiasts, some of us have been part of this journey since its creation and we have witnessed its transformative power firsthand. Bitcoin has undoubtedly changed lives and ignited dreams for the future.

recently, i came across a video on YouTube https://youtu.be/3Rnqst5qCgA where the creator was very optimistic about Bitcoin saving the world from POVERTY, HUNGER, GOVERNMENT, WAR, ECONOMIC CRISIS creating a UTOPIAN WORLD. he even went as far as predicting the year 2048 and 2109, how Bitcoin would be the only dominating currency in the world.  

While we all share a belief in Bitcoin's potential it's crucial to strike a balance between optimism and realism. Placing Bitcoin as a sole savior in solving all the world's problems might not be a practical approach. We should all remember that Bitcoin at its core is a currency meant to serve as a decentralized medium of exchange. We should not bother it with unrealistic expectations.

 we must also recognize that not all countries will readily embrace Bitcoin regardless of its undisputed qualities. Governments tend to have different perspectives on Bitcoin and some may be hesitant to change their existing views and regulations. The acceptance of Bitcoin on a global scale will likely be a gradual process spanning several decades to reach its full potential.
Unfortunately many of us may not witness its complete realization and we should remember that while Bitcoin holds remarkable promise and has the potential to shape our future let's approach it with a sense of realism. We can appreciate its transformative power while understanding the challenges it faces on its path to widespread acceptance and maximum impact.

(This is just my on view)

[Doan9269]

recently, i came across a video on YouTube where the creator was very optimistic about Bitcoin saving the world from POVERTY, HUNGER, GOVERNMENT, WAR, ECONOMIC CRISIS creating a UTOPIAN WORLD. he even went as far as predicting the year 2048 and 2109, how Bitcoin would be the only dominating currency in the world.

You would have make an additional effort in providing the link to that

He's such a bitcoin enthusiast and what the future may turned to in some years to come remain unknown but we all have this assurance as bitcoiners that bitcoin will still remains valuable till then because it has come to stay, talking about being the dominating currency, we will see every possible indications to that any time sooner even as we hope for more adoption of bitcoin as a legal tender this year from more countries.

we must also recognize that not all countries will readily embrace Bitcoin regardless of its undisputed qualities.

For now it may not be all the countries but it will soon get to that time where everyone of them will be struggling to make it adoption when they would have been left with no choice.

[The Cryptovator]

Avoid excessive excitement. Bitcoin cannot solve all the financial problems in the world, as it was not originally created for that purpose. Its initial aim was to address the issue of money transfers, enabling peer-to-peer transactions without the need for intermediaries. However, we have also discovered that we can benefit from Bitcoin's volatility, leading it to become an investment asset, despite not being its original intention. The truth is that Bitcoin has provided us with more than what we initially anticipated.

[panganib999]

I was about to reply to this thread before it was locked by the OP.  Our Vision: How to change the world in three simple steps by Bitcoin"

The discussion raised an important issue that I believe many of us can relate to and should consider. As long-term Bitcoin enthusiasts, some of us have been part of this journey since its creation and we have witnessed its transformative power firsthand. Bitcoin has undoubtedly changed lives and ignited dreams for the future.

recently, i came across a video on YouTube https://youtu.be/3Rnqst5qCgA where the creator was very optimistic about Bitcoin saving the world from POVERTY, HUNGER, GOVERNMENT, WAR, ECONOMIC CRISIS creating a UTOPIAN WORLD. he even went as far as predicting the year 2048 and 2109, how Bitcoin would be the only dominating currency in the world.  

While we all share a belief in Bitcoin's potential it's crucial to strike a balance between optimism and realism. Placing Bitcoin as a sole savior in solving all the world's problems might not be a practical approach. We should all remember that Bitcoin at its core is a currency meant to serve as a decentralized medium of exchange. We should not bother it with unrealistic expectations.

 we must also recognize that not all countries will readily embrace Bitcoin regardless of its undisputed qualities. Governments tend to have different perspectives on Bitcoin and some may be hesitant to change their existing views and regulations. The acceptance of Bitcoin on a global scale will likely be a gradual process spanning several decades to reach its full potential.
Unfortunately many of us may not witness its complete realization and we should remember that while Bitcoin holds remarkable promise and has the potential to shape our future let's approach it with a sense of realism. We can appreciate its transformative power while understanding the challenges it faces on its path to widespread acceptance and maximum impact.

(This is just my on view)

I share the same view as yours. The fact of the matter is that they are portraying bitcoin as some sort of end-all-be-all solution that I'm positive they think Satoshi Nakamoto's the second coming of Jesus Christ or something. It's laughable at some point but at the same time this is something that people are genuinely believing in, so big yikers on that one. What's funny is that these things come from people of influence in the industry like content creators and vloggers or something. They paint bitcoin and cryptocurrencies on social media as if it's heaven-sent or something either for likes or impressions, but what they fail to realize is that they bait people into thinking that there's no risk involved in crypto when in fact the whole industry eats that stuff for breakfast.

[un_rank]

As long-term Bitcoin enthusiasts, some of us have been part of this journey since its creation and we have witnessed its transformative power firsthand. Bitcoin has undoubtedly changed lives and ignited dreams for the future.

Only a handful of us have been here from the beginning and the rest of us joined along the way, but we have witnessed to an extent its transformative powers and with the history charts we can see how the past performance was.

While we all share a belief in Bitcoin's potential it's crucial to strike a balance between optimism and realism.

The only point where I allow myself to be unrealistic is in my price expectation. I do not think we can put a cap on how high Bitcoin can rise in the future with how much it has done with the little available to it so far.
When it comes to its impact on the world, on economies, world poverty, it is no magic elixir. The world will not be fixed through Bitcoin but the more than a handful of people who are in it now, and will join later can improve their financial status through it.

- Jay -

[Dr.Bitcoin_Strange]

Recently, I just had some re-thinking, and I have mentioned somewhere that Bitcoin should not be forced on people to use it, although we can gladly try to tell someone about it. When they don't have that interest, you should not bother them. If most of them see that Bitcoin will keep advancing and with the price growth, even those who thought it was not something they should invest in will on their own learn about Bitcoin technology.

I believe you see some of those newbies that come here to say that they were so sceptical about Bitcoin some years ago, but due to the great dominance of Bitcoin, they are now beginning to regret why they never invested some years back. That's always how it will be with some people in the future. I wouldn't say that I am an exception; there was a time when I was so sceptical cryptocurrency generally, but when the time came for me to learn, I was even the one looking for a real Bitcoiner to lecture me.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[hatshepsut93]

we must also recognize that not all countries will readily embrace Bitcoin regardless of its undisputed qualities. Governments tend to have different perspectives on Bitcoin and some may be hesitant to change their existing views and regulations. The acceptance of Bitcoin on a global scale will likely be a gradual process spanning several decades to reach its full potential.

Bitcoin doesn't need government approval to be used by people, it can even be used if they ban it, because they can't stop the network. So the theoretical maximum potential is limitless, all people in the world can adopt Bitcoin.

But you need to look at it from the perspective of an average person. And average person in this world lives from paycheck to paycheck and at best has a few hundred $$ in savings for an emergency. What would they win from switching to Bitcoin? They will just be exposed to volatility, which is quite stressful and risky. They will also need to become cybersecurity experts, because if Bitcoin is stolen from their wallet, it can not be returned.

It's just a lot of extra effort and risks with no benefits. They don't need financial freedom, because average people don't have their bank accounts frozen for no good reason, like bitcoiners tend to believe. Inflation also doesn't affect them as much if they don't store their wealth in cash.

[Faisal2202]

I was about to reply to this thread before it was locked by the OP.  Our Vision: How to change the world in three simple steps by Bitcoin"

The discussion raised an important issue that I believe many of us can relate to and should consider. As long-term Bitcoin enthusiasts, some of us have been part of this journey since its creation and we have witnessed its transformative power firsthand. Bitcoin has undoubtedly changed lives and ignited dreams for the future.

recently, i came across a video on YouTube https://youtu.be/3Rnqst5qCgA where the creator was very optimistic about Bitcoin saving the world from POVERTY, HUNGER, GOVERNMENT, WAR, ECONOMIC CRISIS creating a UTOPIAN WORLD. he even went as far as predicting the year 2048 and 2109, how Bitcoin would be the only dominating currency in the world.  

While we all share a belief in Bitcoin's potential it's crucial to strike a balance between optimism and realism. Placing Bitcoin as a sole savior in solving all the world's problems might not be a practical approach. We should all remember that Bitcoin at its core is a currency meant to serve as a decentralized medium of exchange. We should not bother it with unrealistic expectations.

 we must also recognize that not all countries will readily embrace Bitcoin regardless of its undisputed qualities. Governments tend to have different perspectives on Bitcoin and some may be hesitant to change their existing views and regulations. The acceptance of Bitcoin on a global scale will likely be a gradual process spanning several decades to reach its full potential.
Unfortunately many of us may not witness its complete realization and we should remember that while Bitcoin holds remarkable promise and has the potential to shape our future let's approach it with a sense of realism. We can appreciate its transformative power while understanding the challenges it faces on its path to widespread acceptance and maximum impact.

(This is just my on view)

The topic you have mentioned from which you have encouraged to make this thread, that topic was plagiarized and thats why i think, it was locked. I had a conversation on aforementioned topic too you can check for yourself. Well the point of the OP in that topic was difficult to understand but i did understand to some extent only like why adoption of BTC is necassary and how we should approach it. But here in this topic i understood your whole point.

And it's a bitter reality which we have to accept that we might not be there to see the full acceptance and adoption of BTC as we all know the mining of BTC will end near 2140. And we might not be alive at that time (but who know who have the miracles of life).

And you said we should accept the reality and accept how much potential BTC and i think thats what we are doing and thats why we are putting our time and efforts in its adoption even if we might not be able to see the final results. The whole point is, we must remain optimistic not by following someone like you followed or motivated by a YouTuber, instead we should motivate ourself with our own knowledge and interest.

That's what will keep us driven and most of the people are not making its adoption streamline because they wanted to be rich they are doing it because they wants others to become rich too and thats generous.

[famososMuertos]

OP, bitcoin's premises are explicit and that makes them so that everyone who understands them commits to those ideas and develops them in their environment.  And the primary reason for this is trust, there is not much complexity in that.

The future of how this develops is community-based, users are the ones who must uphold the premises of Bitcoin, regardless of whether it is acceptable as legal in different parts of the world.

[serjent05]

recently, i came across a video on YouTube https://youtu.be/3Rnqst5qCgA where the creator was very optimistic about Bitcoin saving the world from POVERTY, HUNGER, GOVERNMENT, WAR, ECONOMIC CRISIS creating a UTOPIAN WORLD. he even went as far as predicting the year 2048 and 2109, how Bitcoin would be the only dominating currency in the world. 

The video creator is just exaggerating stuff about Bitcoin.  It will never solve poverty, hunger, government and prevent war or economic crisis.  If ever a world of utopia is to be created, it will be the people and not Bitcoin because Bitcoin is just a tool and a tool means it is neutral and is dependent on the person who uses it whether it will be good or bad.

In terms of value, as a new emerging industry, we are optimistic that it will have unlimited potential since the world is yet to be saturated and Bitcoin has yet to reach its apex.

[Out of PATIENCE]

I was about to reply to this thread before it was locked by the OP.  Our Vision: How to change the world in three simple steps by Bitcoin"

The discussion raised an important issue that I believe many of us can relate to and should consider. As long-term Bitcoin enthusiasts, some of us have been part of this journey since its creation and we have witnessed its transformative power firsthand. Bitcoin has undoubtedly changed lives and ignited dreams for the future.

recently, i came across a video on YouTube https://youtu.be/3Rnqst5qCgA where the creator was very optimistic about Bitcoin saving the world from POVERTY, HUNGER, GOVERNMENT, WAR, ECONOMIC CRISIS creating a UTOPIAN WORLD. he even went as far as predicting the year 2048 and 2109, how Bitcoin would be the only dominating currency in the world.  

While we all share a belief in Bitcoin's potential it's crucial to strike a balance between optimism and realism. Placing Bitcoin as a sole savior in solving all the world's problems might not be a practical approach. We should all remember that Bitcoin at its core is a currency meant to serve as a decentralized medium of exchange. We should not bother it with unrealistic expectations.

 we must also recognize that not all countries will readily embrace Bitcoin regardless of its undisputed qualities. Governments tend to have different perspectives on Bitcoin and some may be hesitant to change their existing views and regulations. The acceptance of Bitcoin on a global scale will likely be a gradual process spanning several decades to reach its full potential.
Unfortunately many of us may not witness its complete realization and we should remember that while Bitcoin holds remarkable promise and has the potential to shape our future let's approach it with a sense of realism. We can appreciate its transformative power while understanding the challenges it faces on its path to widespread acceptance and maximum impact.

(This is just my on view)

Bitcoin has plenty of potential but it does require certain things to continue successfully -- like electricity and the internet. With the world on the brink of ww3, we better do something if we're to have these basic things moving forward. 

[Alpha Marine]

recently, i came across a video on YouTube https://youtu.be/3Rnqst5qCgA where the creator was very optimistic about Bitcoin saving the world from POVERTY, HUNGER, GOVERNMENT, WAR, ECONOMIC CRISIS creating a UTOPIAN WORLD. he even went as far as predicting the year 2048 and 2109, how Bitcoin would be the only dominating currency in the world.  

He's delusional, and what's worst is that there are a lot more people like that. Funny enough, he might not believe that himself. He may just be using it to increase the views of his channel. Some that believe this just don't understand what Bitcoin is, they're just following the trend.
I usually don't pay attention to things like that because they're not worth it.

we must also recognize that not all countries will readily embrace Bitcoin regardless of its undisputed qualities.

Even if every single in the world accepts Bitcoin as a legal means of payment, it won't still solve the problems he listed above. Bitcoin is a currency. It's laughable to think that Bitcoin will solve war, economic crisis, poverty, and hunger.

[hd49728]

Bitcoin is not like a God, a magic stick to change the world, life of everyone or replace everything, every fiat currency on the world. It is helpful but has its strength and weakness so please let's be realistic.

Being excessively optimistic like Bitcoin will replace all fiat currencies, gold to be a world standard, eradicate poverty or being too pessimistic that it will die soon are wrong thinking. It will not die but will not have such a Goddish strength to do everything as you wish or believe.

If you are exscessive optimistic, you will be like a blinded supporter and a gambler to bet all you have in Bitcoin.

[Z-tight]

Bitcoin has plenty of potential but it does require certain things to continue successfully -- like electricity and the internet. With the world on the brink of ww3, we better do something if we're to have these basic things moving forward.  

I don't believe in conspiracy theories, but if we agree with you that the world is on the brink of world war 3, who is going to care about BTC then, there will be other things on your priority list, like staying alive and getting food to eat, you'll want to have only fiat then because nobody is going to be exchanging their fiat for your BTC's, so you can't even spend it. So we better do something to stop that war if it is truly coming, to save ourselves and not BTC.

[Fivestar4everMVP]

Well, I very much share in the ops point of view, really, in as much as we all be very optimistic and positive in all ramifications concerning bitcoin and what it's future is like or will be..
Lets never forget that, bitcoin has achieved so very much already, considering what the real purpose of its creation was and is, like a user said, lets not get too excited about the future of bitcoin, yeah, we all wanna see it become a dominant and a global currency, simply because when that happens, the value will increase significantly and we get to make more money for ourselves being pioneers of the movement, but again, to avoid disappointments, lets not get too excited.

[Oasisman]

While we all share a belief in Bitcoin's potential it's crucial to strike a balance between optimism and realism. Placing Bitcoin as a sole savior in solving all the world's problems might not be a practical approach. We should all remember that Bitcoin at its core is a currency meant to serve as a decentralized medium of exchange. We should not bother it with unrealistic expectations.

Exactly!
Some "bitcoin enthusiast" as they call themselves that, tend to make such excessive statement about bitcoin being a currency to solve every problem in the world. Well, I don't really call them a bitcoin enthusiast, they're more of a person who wants to get rich real quick by excessively disseminating information about bitcoin as the global hero all over the internet. I'm not even sure how did they come up with such realization when bitcoin was created by Satoshi for us to get freedom form third party money processors, thus we can have a borderless transactions. I don't understand how it could solve poverty, hunger, and even war. That's just some ridiculous thoughts. 

[Darker45]

The reality is that Bitcoin isn't the only thing that counts. Even if Bitcoin becomes the only legal tender in every country in the whole world, I can say with 100% certainty that there will still be poverty and wars and all kinds of evil. Even if all fiat currencies are gone and Bitcoin becomes the global reserve currency and even the only currency the world knows, I'm 100% sure that inequality and discrimination and hatred and greed remain.

Some Bitcoin supporters speak of Bitcoin as if it's something that controls human conduct and character. Far from it. Bitcoin is simply a tool, a tool for everybody; pedophiles, environmentalists, restaurant owners, human rights advocates, artists, meth dealers, and so on.  

[Baofeng]

The reality is that Bitcoin isn't the only thing that counts. Even if Bitcoin becomes the only legal tender in every country in the whole world, I can say with 100% certainty that there will still be poverty and wars and all kinds of evil. Even if all fiat currencies are gone and Bitcoin becomes the global reserve currency and even the only currency the world knows, I'm 100% sure that inequality and discrimination and hatred and greed remain.

Some Bitcoin supporters speak of Bitcoin as if it's something that controls human conduct and character. Far from it. Bitcoin is simply a tool, a tool for everybody; pedophiles, environmentalists, restaurant owners, human rights advocates, artists, meth dealers, and so on.  

True, I really don't understand why there are individuals that see Bitcoin as like a magic bean that will erase all humanity's problem, no it's not. It could help alleviate some of them but still there are a lot of problems that no one can solved.

Not even those who's the riches people alive, even if they used all their money, it won't put a dent on the world problem. So we are just lucky to have bitcoin to be here, so it's up to us how to take advantage of it. If we wanted financial freedom so be it.

[Iranus]

I agree with your point, bitcoin is bringing a lot of innovation in the financial world, but that doesn't mean bitcoin will become a panacea for our world. It's ridiculous how many people are so crazy about bitcoin that they see it as a savior that can alleviate poverty and improve the world economy, bitcoin will solve all problems for the world if we accept it Globally...They don't look at the ongoing reality that bitcoin is only seen as a tool for speculation. And for it to become a global payment method will also take much time, even more unlikely, let alone bigger things. We should be realistic and set goals for each stage instead of living in illusions, it will not make us better.

[rat03gopoh]

we must also recognize that not all countries will readily embrace Bitcoin regardless of its undisputed qualities. Governments tend to have different perspectives on Bitcoin and some may be hesitant to change their existing views and regulations. The acceptance of Bitcoin on a global scale will likely be a gradual process spanning several decades to reach its full potential.

It has been around the 15th time that bitcoin was created, and it is impossible during that time for a government, especially in developing countries, not to see the potential for eradicating poverty if it exists. Which leader doesn't want shortcuts to their economic problems while they've been thinking hard for years without effective solutions and wont end up bothering them too.