Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: dominoes on October 20, 2018, 08:57:59 AM
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Money cannot disappear in minor or major problems as it is the basis of amount measurement.
Bitcoin is gaining popularity and going strong day by day through social media and technology medium.
People choose money than bitcoin, few chooses bitcoin than money.
In the future, bitcoin could be the hot discussion everywhere when it hit the mark of highest peak that's mans needs. Then the situation would be different the people choose bitcoin than money and few chooses money than bitcoin.
What is your opinion?
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This article is an examination into the historical and current use of money and how Bitcoin and/or other cryptocurrencies can fit into the the future of money. This is not a price-prediction piece, nor are the arguments implied as a guarantee of the future of cryptocurrency.
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Bitcoin can improve the economic sector and help the financial problems of many people around the world. I think bitcoin can increase the income of many people if it is adopted massively to many countries in the world. We can see the fact that many people make money from bitcoin and crypto right now. It is adopted massively, it can brings more advantages to more people.
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The concept of fiat money revolves around faith. It is the willingness of the people to put faith into them that makes it so successful. Fiat money as a traditional mode of transaction gives us assurance. We are predisposed to embrace things that are commonly accepted by the majority of people in our society and to conform to what was deemed normal in the past. Furthermore, fiat money is readily accessible to all sorts of people without any limiting factors such as age, social status, and location. As long as anyone is willing to accept money as a mode of transaction, there wouldn't be any problem. On the other hand, due to some limitations such as what people call the "digital divide" bitcoin find it hard to seep into the nook and cranny of our society. Unlike fiat money, bitcoin is limited only to people who have the required devices and access to the internet. Nevertheless, the potential of bitcoin being the international currency, for me, is very promising. It unlocks a whole new type of convenience people can surely enjoy.
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Bitcoin is just the same as paper money that can be used for purchase, the only difference between bitcoin is a kind of digital currency that is rapidly rising and the value of the money is relatively lower than the paper money in the Philippines. for me bitcoin and paper money are just the same.
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Bitcoin and real money share some things in common and that is, they are both currencies and play the role as medium of exchange. However, bitcoin operates on the principle of decentralization whereas real money operate on the principle of centralization.
Bitcoin's decentralized nature makes it owner controlled without any third party interference with transactions. Real money happens to be the other wise and also subjected to tax. I believe many people will get to like and enjoy the usage of Bitcoin in some time to come when the awareness hit a world wide coverage.
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I am more fan of using fiat money but still making some investment in Bitcoin because I really believed in the power of bitcoin that it will soon rise up again in price so if that happen I am surely profited and also bitcoin gave us a good life so I am happy that I knew bitcoin but now I am using real money in my necessity.
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Money cannot disappear in minor or major problems as it is the basis of amount measurement.
Bitcoin is gaining popularity and going strong day by day through social media and technology medium.
People choose money than bitcoin, few chooses bitcoin than money.
In the future, bitcoin could be the hot discussion everywhere when it hit the mark of highest peak that's mans needs. Then the situation would be different the people choose bitcoin than money and few chooses money than bitcoin.
What is your opinion?
That means in the future, Bitcoin has been accepted anywhere. Even some countries will finance the military and buy weapons using bitcoin.