Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on May 21, 2018, 10:39:18 AM
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Many people had different and awkward thoughts about Bitcoin when the threats from governments and banks rose to its peak early of this year. Bitcoin is a cryptocurrency that has come to stay and lead the cryptocurrency industry to the new era where humanity will experience well enhanced payment method with the speed of light.
It is no wonder, most of the governments which went against Bitcoin are retracing their statements. Bitcoin is going to stay till whatever time the cryptocurrency world will exist with man.
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Yes, i agreed with you. You know, now, because the value of cryptocurrencies is based solely on the law of demand and supply and are generally not issued by a government or central bank, they are generally non-susceptible to interference by the government or some central authority. This makes them look scary to these governments and central banks as they cannot control the amount of Bitcoin in circulation.
Also, cryptocurrencies such as the Bitcoin were created as a solution to the problems created by banks. The normal banking procedure requires that a transaction goes through a central authority such as a bank which verifies and validates it before the transaction can be successful. This process sometimes can take a couple of days and in the process, charges are deducted. Cryptocurrencies have sought to completely remove the role of the banks as middlemen in the transaction process thereby making it possible for someone to perform his/her transactions online without the need for a bank. Transactions can be validated by the millions of users of the decentralized peer-to-peer network which the cryptocurrency uses. As such, the role of the bank is completely eliminated and with this elimination comes the elimination of service charges.
Again,cryptocurrencies are feared by banks and governments is that of the issue of privacy and anonymity. Generally, the creation of a crypto-wallet (some sort of cryptocurrency bank account) requires little or no personal and/or bank account information. It is possible for a user of cryptocurrencies to perform his/her financial transactions without any need to enter personal information. Now, what does this mean to banks and governments who use such information to keep an eye on their citizens? Lack of access to information; banks and governments can block someone’s account if they have no access to information regarding transactions.
In fact,cryptocurrencies are very transparent. All transactions on the blockchain can be validated by any member of the blockchain. Transactions can be seen by all even though no information is made available.
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Totally bitcoin will stay because it is the life giver of all crypto currencies if bitcoin will lose its power and will gone in the market that will also be the end of all.
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Many people had different and awkward thoughts about Bitcoin when the threats from governments and banks rose to its peak early of this year. Bitcoin is a cryptocurrency that has come to stay and lead the cryptocurrency industry to the new era where humanity will experience well enhanced payment method with the speed of light.
It is no wonder, most of the governments which went against Bitcoin are retracing their statements. Bitcoin is going to stay till whatever time the cryptocurrency world will exist with man.
Bitcoin is like the soul of Blockchain technology. Most people usually confuse Blockchain technology with Bitcoin. I believe the biggest fear of those against crytpto currencies such as Bitcoin isn't really the crypto but Blockchain technology to be precise. They seem not to understand and that causes the fear.
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Bitcoin is a revolutionary technology that has come to solve most of the challenges humanity face in their transactions. Every good thing will definitely have people who are against it so dont be surprise about what the governments are doing
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until theres a crypto the bitcoin will stay because bitcoin is the first and the main source of crypto.
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Forever I guess
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Bitcoin is going to stay till whatever time the cryptocurrency world will exist with man.
I have also same with your opinion buddy. It is really possible that bitcoin will stay on the human history and there is no chance for it to be abolish because it already made its own place in crypto currency world, it has a control over all crypto currencies and this is the coins that can be use by all altcoins for exchange.
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I am love the introductory message a lot. Now guys the whole concept of cryptocurrency was brought by BITCOIN. The existence of this whole digital currencies came about as a result of bitcoin and so when i hear of people stipulating that bitcoin is going to crush or it is going to fail within the cryptocurrency market then i cannot fathom.
Please let me state this emphatically, bitcoin is here to stay and it is only greedy people who don't like the idea of transparency which the blockchain technology inculcated into virtual currencies like bitcoin and the altcoins would wish for the downfall of bitcoin but their mindset shall never come to pass. Long live BTC, long live all crypto lovers.
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. Bitcoin is going to stay till whatever time the cryptocurrency world will exist with man.
I agree with you because Bitcoin can't be eliminated except the entire internet, computer and electricity network in this world is destroyed.
and to destroy it is impossible, because all countries in the world use computers, internet and electricity.
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Nobody can guess how long bitcoin will survive with the cryptocurrency industry. But if you see the development and benefits of the technology at this time, I suspect bitcoin will still be long-lived.