I'm happy I can finally say something about bitcoin.

[Yucky]

Considering the rate at which Bitcoin is spreading across the globe, it might be globally accepted as a means of exchange in all parts of the world in 10 years to come.

even though it's yet to be officially made a global means of exchange, when you're considering the most reliable medium through which you can carry out international transaction, Bitcoin is the surest and most convininece means to bank on. In the next ten years, we might not be certain that Bitcoin will get accepted as a global legal tender but at that, it's going to serve as the most viable digital asset that's used in not just storing wealth but also creating wealth.

[Gladitorcomeback]

Considering the rate at which Bitcoin is spreading across the globe, it might be globally accepted as a means of exchange in all parts of the world in 10 years to come.

No, it's going to take way more time than that. For it to get globally accepted, it will need to convince all the governments to accept it and most of them are very stubborn and they don't want to accept it or let their people use it freely. The reason behind this is obvious, it makes them lose control because they can't control the network or the blockchain but can only check transactions.

For governments to allow something, they must have complete control over it, if someone is making a transaction, it should give them enough control so that they can revert that transaction if they want to or hold the funds and ask certain questions and have requirements for the sender, and Bitcoin doesn't allow them to have this control, this is why they don't like it.

[wiss19]

Everybody can say something about Bitcoin. Those who understand the basics of Bitcoin can have informed opinions on it. But even those who don't understand about it can also say something. That's how Bitcoin gained good and bad reputation. To some, Bitcoin is the future of money. To others, it's a Ponzi. To some, it's the kind of freedom that everybody deserves in the financial world. To others, it's merely a currency preferred by criminals.

It's good to know that you are on the right side of the fence.

Yes, it is true that due to the increasing popularity of Bitcoin, everyone is aware of Bitcoin, and people who know Bitcoin better than others give more compliments about it. Some people are new to Bitcoin or they have lost a bit of money by buying it or they didn't buy Bitcoin in the right direction from the right place, they don't have a good opinion about Bitcoin and there are people like that those who only know about Bitcoin and have never invested in it because of what they have heard.

I've seen people form their opinions about Bitcoin or trading based on their experiences or what they've heard, mostly those who trade and profit from trading, have a positive opinion about the coin and trading, and people who have suffered losses in trading have a negative opinion about it.

[kryptqnick]

I don't think Bitcoin was literally the first money introduced in digital form without a physical form. In 1989, David Chaum founded DigiCash, which was an electronic money corporation. The idea was right, but the timing was wrong, so it went bankrupt in 1998. But Bitcoin was the first successful project of that sort, and perhaps the first decentralized one.
Also, I think it's incorrect to say that Bitcoin forbids control by governmental or private institutions. Bitcoin doesn't forbid anything; it's just built in a certain way that makes it difficult to pursue some goals, such as controlling the currency. The text also has many unnecessary generalizations, like everyone regretting their lack of trust in Bitcoin or nobody believing in its success in the early days.
Moreover, the current adoption rate is too slow for global adoption in 10 years, if by global adoption we mean billions of users.

[Ojinga]

On January 3rd 2009, Satoshi Nakamoto created the Bitcoin network as a form of cryptocurrency. It was the first time in the history of money that someone was introduced a form of money that is absolutely intangible, does not exist in a any physical form; which means that it was introduced as a form of money can be used as a means of exchange yet can not be touched or physically felt.

More importantly, Bitcoin was introduced as a form of money that is completely decentralized. Bitcoin network was introduced as a system of money that totally forbids any form of control by governmental or private institutions including the brain or brains behind it's existence. Bitcoin was created to run on a digital ledger called the  blockchain technology.

This system of money was completely new to human existence when it was first introduced as there's never been a similar system of money that was ever adopted as a means of exchange and that was why many people who got the knowledge of Bitcoin at it's early stage of existence never believed that it was going to be a successful project. It was because of the numerous uncertainties surrounding the possibility of the digital coin to succeed that made many people who got the first hand information about Bitcoin to  neglect it even when it would've cost them very little or no money to own hundreds and thousands of bitcoins then.

Despite the doubt by majority of the people who were introduced to Bitcoin as it's earliest stage about the possibility of the coin to achieve the projected purposes it was created for, Bitcoin went on to defile all odds and successfully become first cryptocurrency project that was approved as a means of exchange and store of value in global market.

Today, Bitcoin is currently used as a means of exchange many countries and provinces of the world and just 15 years after Bitcoin was launched, a piece of Bitcoin is currently a little above 65,000 US dollars. The people who never believed that it'll become a successful project hence failed to invest in it when it was first introduced are now living a life of deep regret.

Bitcoin today is considered as the future global currency because of it's ability to solve global financial problems like allowing people from different parts of the world to transmit money at will, anywhere in the world and at any given time. Bitcoin is no longer solving the financial problems of 50-80 million people in one particular country instead, it's now solving the problems of more than 7 billion people and that's why Bitcoin network will continue to expand across the globe until it finally becomes a legal system of money in all parts of the world.

Considering the rate at which Bitcoin is spreading across the globe, it might be globally accepted as a means of exchange in all parts of the world in 10 years to come.

everything that you analyze is true but the only problem we have today is the government, we all know that Bitcoin is the future global currency but if only the government Centralized and make it regulate in the country today. Because right now we don't know what the government holds against Bitcoin and we all know that they do pay their taxes, but I want to ask, what's the main reason that the government don't really want to make Bitcoin to me regulate in the countrys today? Right now some banks don't want anything concerning Bitcoin and them to get together but they do know that Bitcoin can improve their interest, and make them get more customers as more than they've today. In 10 years to come Bitcoin will beat the world and surely the government won't hold any alignment with them anymore. I believe that because it's getting there already.

[Mate2237]

You did well to had said things about Bitcoin but all being said is as you narrated the history and development of Bitcoin.
The title of your thread would had been best to say you have now understood what Bitcoin is about because I was actually expecting you to say something unique or you are testifying on your experiences encountered on Bitcoin.

When there is nothing to say or no idea to create a good content then rephrasing becomes the best for them. But I will not blame him or her because we also started like this and in the process started not adjust and now we only create thread when it is necessary and on important topics.

Well it is good to know the general knowledge nof bitcoin so he can defend himself in public arguments and educate others who are not well educated with some areas. Op I encourage to learn more.

[AYOBA]

Bitcoin today is considered as the future global currency because of it's ability to solve global financial problems like allowing people from different parts of the world to transmit money at will, anywhere in the world and at any given time. Bitcoin is no longer solving the financial problems of 50-80 million people in one particular country instead, it's now solving the problems of more than 7 billion people and that's why Bitcoin network will continue to expand across the globe until it finally becomes a legal system of money in all parts of the world.

The Bitcoin has surround all the world and it has helped so many peoples in times of exchanges the money from one hand another, Bitcoin allowed everyone to transmit their money to another people's without any network congestion, and if we observe it now the numbers of people's that are doing transactions through Bitcoin now has become much, unlike before that is only fews of people's that using Bitcoin transactions.

Because most people's was thinking that they scammed can them, but now that the system has surround the world everyone are into the Bitcoin investment and also keep their assets in Bitcoin.

But i didn't see any reasons why the government don't want the Bitcoin to become legal tender in the country, because the way Bitcoin is solving everybody problems all this while i think it has reach that government can considering it and make it to become legal tender.

[Z_MBFM]

You are a new user in the forum, but you are already trying to say something about Bitcoin, which means you have some idea about Bitcoin that you like or want to share. Of course, that's a good point for you, but you know as much as new information about Bitcoin, but there's nothing to tell about it. Even if you know Bitcoin, you need to recharge a lot and understand what it's all about. If you grasp it like this, you will slowly learn and understand much about Bitcoin. First of all, you need to know the basics of Bitcoin and how it works.
Bitcoin is a coin that is fun to learn about and recharge. Even though it has had its ups and downs, once you start recharging about it, you kind of do something inside. It was sad to see the state it was in at the end of 2023. Anyway, I hope you will know better. We need to learn more as we look towards Bitcoin's bright future.

[Lanatsa]

You are a new user in the forum, but you are already trying to say something about Bitcoin, which means you have some idea about Bitcoin that you like or want to share. Of course, that's a good point for you, but you know as much as new information about Bitcoin, but there's nothing to tell about it. Even if you know Bitcoin, you need to recharge a lot and understand what it's all about. If you grasp it like this, you will slowly learn and understand much about Bitcoin. First of all, you need to know the basics of Bitcoin and how it works.
Bitcoin is a coin that is fun to learn about and recharge. Even though it has had its ups and downs, once you start recharging about it, you kind of do something inside. It was sad to see the state it was in at the end of 2023. Anyway, I hope you will know better. We need to learn more as we look towards Bitcoin's bright future.

Actually it isnt really that hard on learning about Bitcoin and other things on which it is really just that correlated to it because we do have those informations that could really be read up and seen online
with just some few google searches on which you would really be able to make yourself having that kind of knowledge on which at the moment that you would really be telling up something
into other people about it then you could really be still that able to do with those basic stuffs and other things on which as long you arent that spreading out false informations then it would really be just fine.
Take note, that you shouldnt really be that making some guarantees about making money with Bitcoin investment if you dont really like on getting blamed.

One of the best thing on spreading about information and awareness of Bitcoins existence is on having with these kind of sharing information into other people on which this might
really be that a minimal step about recognition and adoption but it is really that at least making such small steps that will really be able to help at least
in moving forward.

[Donneski]

You did well to had said things about Bitcoin but all being said is as you narrated the history and development of Bitcoin.
The title of your thread would had been best to say you have now understood what Bitcoin is about because I was actually expecting you to say something unique or you are testifying on your experiences encountered on Bitcoin.

When there is nothing to say or no idea to create a good content then rephrasing becomes the best for them. But I will not blame him or her because we also started like this and in the process started not adjust and now we only create thread when it is necessary and on important topics.

Well it is good to know the general knowledge nof bitcoin so he can defend himself in public arguments and educate others who are not well educated with some areas. Op I encourage to learn more.

Thank you for your words of encouragement. I actually did not rephrase any initial post on the forum or did I copy this particular post from anywhere. I was finding it extremely difficult to understand the basics of Bitcoin in general until recently that I had to read few journals and documentaries about Bitcoin and what I posted was my own little way putting out what I understood. Going forward, I'll continue to learn more about one of the greatest innovations of man(Bitcoin)