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Author Topic: Btc and crypto was created for reason  (Read 268 times)
sunsilk
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July 25, 2024, 12:35:40 PM
 #21

Many of the issues that you've mentioned aren't covered by Bitcoin. They're out of scope so, I don't know where you're pulling those matters. You're generalizing things for Bitcoin as if it's created to solve all of the issues.

Bitcoin isn't Superman to solve every problem that you've said. But if it is about our finances and investing, Bitcoin truly was made for it even though the first use of it was a means of payment.

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July 25, 2024, 12:57:12 PM
 #22

Many of the issues that you've mentioned aren't covered by Bitcoin. They're out of scope so, I don't know where you're pulling those matters. You're generalizing things for Bitcoin as if it's created to solve all of the issues.

Bitcoin isn't Superman to solve every problem that you've said. But if it is about our finances and investing, Bitcoin truly was made for it even though the first use of it was a means of payment.
You know at times people tends to put all their problem in Bitcoin without knowing bitcoin would not or could not solve all problem that is surrounding the world but instead it can solve only financial problem as it is only created for that so anything more than that bitcoin can't solve it for example, someone trying to put their marital problem in bitcoin to solve it. This is unthinkable and how could this be possible and where and how could it be solved, but if we talks about financing then we can say bitcoin is mainly and originally created for that.

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ndutndut
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July 25, 2024, 06:17:43 PM
 #23

According to my understanding, bitcoin was created because they did not want to be forever enslaved by fiat, so bitcoin was created for freedom for everyone and of course to prevent inflation at that time. Since fiat requires government intervention, the government can easily regulate our finances. Bitcoin was created to solve all these problems.

So in conclusion, if we learn from the history of the beginning of Bitcoin's existence, it was caused by distrust of fiat currency issued by the government. And until now Bitcoin has succeeded in proving that Bitcoin is truly the best in terms of privacy and freedom because there are no third parties. This was all done with a peaceful revolution, a non-violent revolution so what we feel now is that Bitcoin doesn't need banks or the military to protect it, just with strong wallet security we can hold Bitcoin without fear.

Findingnemo
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July 25, 2024, 06:25:30 PM
 #24

Bitcoin network will stall for multiple reasons such as outrageous fee (recently happened due to ordinals), internet blackout (close to impossible), and the decentralisation will become questionable if miners stops working so that 51% attack can make anything invalid.

There are multiple conspiracy theories as well about Bitcoin like new world order aka deep state governance.

Bitcoin is created as an alternative to the centralised banking system so let's keep it that way.

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GeorgeJohn
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July 25, 2024, 06:45:05 PM
 #25

Cryptocurrency general name that bind Bitcoin and the reason why bitcoin is being created is to support fast transaction of other currency most especially our traditional currency being used by any country so since the existence of Bitcoin it has shown and also proving that you cannot regulate or manipulate the existence of it price or the value in the market so many people have not digest such concept so that is why they feel that Bitcoin is the same currency into our traditional currency used, it's obvious that bitcoin is unpredictable

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Rockstarguy
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July 25, 2024, 09:10:15 PM
 #26

Quote
So crypto is strong network and very reliable we can predict future easy because crypto Will protect us against all those issues.

Banks falling,cyber attacks, goverments not working,powrr outages, fiat currency value problems, liquity problems, goverment wealth confiscation and restrictions , hacking and stealing scams and data centers over heating of stress of Traffic volumes,not single ledger to approve and validate transactions but different system and issues to working together, high cost of trust system instead of proof.

1.What do you mean by "crypto"? OK, Bitcoin is crypto, but "crypto" can mean many things. Centralized shitcoins/memecoins are also crypto.
NFTs are considered crypto as well. If you wanna talk about Bitcoin, just talk about Bitcoin, don't talk about crypto in general.
2.Crypto cannot protect you from the threats you have mentioned. Only you can protect yourself, by using cold wallets, keeping passwords and see phrases safe and never trusting centralized service providers.
3.Power outages can be a problem. You can't access your cold wallet, if you don't have electricity.
I think op is just generalising everything. Talking about protection I think he is talking about bitcoin because it is the only digital currency that is secure and reliable. Other cryptocurrencies can't be trusted and can't be considered as what people can rely on. It doesn't make any sense when people tend to categorise all cryptocurrency as the same . Thinking that all cryptocurrency are the same can make one fall into a big mess because most of the thes cryptocurrencies can't really do what people really expect from it. When we talk about protection, security,  reliability it goes to bitcoin.

R


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sunsilk
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July 25, 2024, 09:46:23 PM
 #27

Many of the issues that you've mentioned aren't covered by Bitcoin. They're out of scope so, I don't know where you're pulling those matters. You're generalizing things for Bitcoin as if it's created to solve all of the issues.

Bitcoin isn't Superman to solve every problem that you've said. But if it is about our finances and investing, Bitcoin truly was made for it even though the first use of it was a means of payment.
You know at times people tends to put all their problem in Bitcoin without knowing bitcoin would not or could not solve all problem that is surrounding the world but instead it can solve only financial problem as it is only created for that so anything more than that bitcoin can't solve it for example, someone trying to put their marital problem in bitcoin to solve it. This is unthinkable and how could this be possible and where and how could it be solved, but if we talks about financing then we can say bitcoin is mainly and originally created for that.
I cannot comprehend it when he has mentioned those issues but as for relationships that do require finances and money. Maybe there's a solution to it through Bitcoin as it's also related to money.

Someone can give money to the other to solve things but as you've said, it cannot solve everything.

Like for the usual topics that we see when people are asking if it can solve poverty and the countries that are dealing with it.

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July 25, 2024, 09:51:52 PM
 #28

According to my understanding, bitcoin was created because they did not want to be forever enslaved by fiat, so bitcoin was created for freedom for everyone and of course to prevent inflation at that time. Since fiat requires government intervention, the government can easily regulate our finances. Bitcoin was created to solve all these problems.

So in conclusion, if we learn from the history of the beginning of Bitcoin's existence, it was caused by distrust of fiat currency issued by the government. And until now Bitcoin has succeeded in proving that Bitcoin is truly the best in terms of privacy and freedom because there are no third parties. This was all done with a peaceful revolution, a non-violent revolution so what we feel now is that Bitcoin doesn't need banks or the military to protect it, just with strong wallet security we can hold Bitcoin without fear.
It is not wrong if you say something like that now in order to be a special reason for the creation of Bitcoin fifteen years ago, even though at that time not many people realized such a reason for the creation of Bitcoin. But for now I think everyone should be able to understand that fiat really cannot be relied on to store value except for a means of exchange in real life with government regulations and global agreements. because currently there are still many people who believe in the fiat system that they may not know that fiat can only be relied on in one way.

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July 25, 2024, 10:24:17 PM
 #29

I cannot comprehend it when he has mentioned those issues but as for relationships that do require finances and money. Maybe there's a solution to it through Bitcoin as it's also related to money.

Someone can give money to the other to solve things but as you've said, it cannot solve everything.

Like for the usual topics that we see when people are asking if it can solve poverty and the countries that are dealing with it.

This question will continue to persist if you ask me, there is always every chance that when a problem arises now bitcoin is thrown on board on wether it can solve it. You will hear some gullible questions like what bitcoin can do for a country at war or eradicate poverty. My reply is always can fiat it self solve this problems if no then bitcoin cannot also. If fiat can solve the problem though then bitcoin can solve it in a better way. People just need to get cut up on all this and know that bitcoin is a currency although a unique one but you need and income generating thing to also earn and not it solving problems like poverty.

R


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July 25, 2024, 10:28:53 PM
 #30

What are you trying to say, OP, that crypto is created to destroy something and manipulate it? But I don't think that is the case, because what I see and what I believe more people see is a positive way of making our lives better and easier. Of course, do not expect all people to admire and appreciate bitcoin's existence; some are here to oppose and see it negatively. Fortunately, despite the negative words and views of some individuals, many people still believe that this will lead to a better way of living than a negative one. If the impact has not been felt, I don't think it will gain popularity and interest. 

I believe the reason for its creation was something good. It may not be for everyone, but it is for the majority. 

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July 26, 2024, 02:48:31 AM
 #31

I do agree that Blackrock being interested in crypto has something to do with crisis period though. They faced the whole covid period, and they knew about bitcoin before that too, and they realized during covid when everyone was mad, crypto people were incredibly happy. So they realized that if they start an ETF for bitcoin, they could make a lot of money during even the bad times, and would be leveraging against themselves, so they are not going to lose much. If everything is good, then stocks and such are good too, and if all goes to shit then bitcoin is good, in both cases they win.

I do agree that bitcoin had something to do with banks collapsing as well, after all it was written in 2008, but it was worked on for many decades before that, basically ever since home computers became a thing, everyone tried to start an online money, and yet satoshi was the only one who managed to make it decentralized the way it is, that is why this got picked up by everyone else. All in all, we should realize that things aren't always that great, and we could make it work some way or the other. So I agree that Blackrock knows that crypto is great during crisis periods and that is why they did this.

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July 26, 2024, 12:30:06 PM
 #32

I cannot comprehend it when he has mentioned those issues but as for relationships that do require finances and money. Maybe there's a solution to it through Bitcoin as it's also related to money.

Someone can give money to the other to solve things but as you've said, it cannot solve everything.

Like for the usual topics that we see when people are asking if it can solve poverty and the countries that are dealing with it.

This question will continue to persist if you ask me, there is always every chance that when a problem arises now bitcoin is thrown on board on wether it can solve it. You will hear some gullible questions like what bitcoin can do for a country at war or eradicate poverty. My reply is always can fiat it self solve this problems if no then bitcoin cannot also. If fiat can solve the problem though then bitcoin can solve it in a better way.
Well, been hearing those kind of statements about if Bitcoin can do those things to those problems. I mean, they're not really a problem to be asked as long as it's related to finance and someone who holds a lot of it will definitely solve their economic issues.

People just need to get cut up on all this and know that bitcoin is a currency although a unique one but you need and income generating thing to also earn and not it solving problems like poverty.
And it is no longer just a CRYPTOcurrency but also a store of value for which is the main reason why many of us are holding and thought that it can solve everything.

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July 26, 2024, 12:42:14 PM
 #33

Its easy to search on why bitcoin created, here let me quote it for you.

Quote
Bitcoin was first introduced to the world in 2008 by an anonymous person — or a group of people — known as Satoshi Nakamoto. The goal was to create a decentralized digital currency free from the control of governments and central banks.

Source https://qz.com/bitcoin-history-creation-origin-price-1851347621

You don't need to put a lot of exaggerating things since bitcoin is not all in one solution. Its currency meant to use by people that's why majority should treat it as currency and not as symbol for super powers or anything that you over imagine for this coin.

If there's a chance to earn by acquiring bitcoin then treat it as a bonus feature and people need to work with it before they can earn something from bitcoin.

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July 26, 2024, 12:43:44 PM
 #34


Bitcoin created by the bankers they know that old system cant last longer so after btc maybe after 50 years they will have new system
But world Will be forced into btc it's a matter surviving If many countries fiat currency will be done they need asap some currency to use so btc will be first option.
Bitcoin was created by USA bankers jp morgan and blackrock together with sec and trump team that's not secret but who cares who created btc we are here for profit and wealth ....i don't care who bring money to me if it's trump or jp blackrock If they want to feed me let them do it i'll take their money no problem.

What you said is basically just BS and your personal opinion, there is no evidence to support what you said. Because if it was made in the USA, why would they regulate it and limit its adoption there? shouldn't they empower it, so that more people use it? Just think again, Bitcoin was created for the reason that people need a decentralized network which allows people to carry out transactions without worrying about intervention or their identity being known by other parties. And governments hate that and that's the reason why many countries initially hated Bitcoin because they felt that Bitcoin could threaten their banking and fiat systems.

R


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July 26, 2024, 03:13:45 PM
 #35

The reason why crypto is mostly valuable during war is you can transact any place without the need to go bank, and of course during war banks are being short down and you can't access your funds during war so the only alternative is through cryptocurrency provided you have internet access and have mobile phone makes it more easier to transacts without having to seek permission from third party.
Banks cannot also function during wars so most likely, those who aim to withdraw their funds might be in trouble, even ATM machines funds will also be used up once banks cannot function properly.

However, with crypto, as long as there's still electricity and internet connection, doing crypto transactions will be hassle free. That's one of the advantages of crypto, while fiat banks might declare closure and depositors will be in trouble, those who prefer owning crypto will never struggle when it comes to deposits and withdrawals transactions.

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July 26, 2024, 05:24:34 PM
 #36

Bitcoin created by the bankers they know that old system cant last longer so after btc maybe after 50 years they will have new system
But world Will be forced into btc it's a matter surviving If many countries fiat currency will be done they need asap some currency to use so btc will be first option.
Bitcoin was created by USA bankers jp morgan and blackrock together with sec and trump team that's not secret but who cares who created btc we are here for profit and wealth ....i don't care who bring money to me if it's trump or jp blackrock If they want to feed me let them do it i'll take their money no problem.
The history that is read related to Bitcoin and crypto must be exhausted in order to find the truth behind its creation. Bitcoin was created by Satoshi Nakamoto with an anonymous identity. Bitcoin offers freedom. Understanding cryptography needs to be read to give you a good understanding so as not to be misled like this.

There is no compulsion to use Bitcoin and Bitcoin is not created by bankers. Bitcoin was created solely by a human being who had a revolutionary view of the world's economic system so that people are not oppressed due to diminished responsibility when problems occur.
Bitcoin creates freedom for those who have it in transacting without having to involve third parties with privacy that is not available in the fiat banking system.

I firmly say that everything you say sounds like nonsense that is completely useless to me personally who has felt the advantages of Bitcoin.

R


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