Quote from: FrueGreads on January 23, 2018, 01:19:24 PM

If you now said bcash is the real thing, and that it's the only crypto that could be used as a payment system or a currency, I would say you are working for Roger Ver. As a Sr. Member you should be here for a while, so you had enough time to make some research about crypto and bitcoin, but you are either going to the wrong sources, or you didn't understand anything you've read.

You are entitled to your opinion, but you are wrong in most of the aspects of your analysis.

You say it has no value or use, but lets compare it to fiat. Fiat might have an enormous amount of liquidity, is backed by governments and it's well established worldwide. It's our traditional financial system but although it might seem stable, we do see come big crises now and then, simply because people can just borrow money from banks, and since there is no max supply, there is the risk of hyperinflation, and it does happen. Just look to Venezuela now. This happens because our financial system is broken, but we don't really have an option.

Bitcoin on the other hand, has a limit supply, just like gold, but it's easier to use, it's much more secure than fiat and can't be forfeit (and you don't need banks to verify this for you), and isnt confined by borders of countries. Bitcoin is is independent, robust and most importantly, decentralized. It's price can't be influenced by banks or govern politics, and this makes it much more reliable than fiat.

You are correct about fees and txs taking a while to confirm, but this is where your research is probably failing you. The lighting network has the potencial to solve these issues, and it's close. A lot of users are testing it on the main net, and we even have universities that are committed to put the LN to the test, so we will see it soon, and right now things looks promising.

https://bitcointalk.org/index.php?topic=2784564.msg28574299#msg28574299

As soon as everything is up and running, we will see more stores using it, adoption will grow, BTC will get more stable, and it will not just be used for payments, it will actually have the potencial to replace fiat.

Maybe we will never see all this happening, but it has the potencial for that, and you can't deny it.

Well I didn't read the whole thread but I read the first and last page. By far this is the best answer given.

I think the OP of this thread must work for a bank or something and sees how much utility that Bitcoins (i.e. cryptocurrencies) has for the common people. Now he must try and do whatever possible to try and derail the movement and technology that will reshape the future of transaction and trust.

It is about us controlling our own economy. Why put our financial trust in a entity that has and will always have corruption? Governments and Banking. The USD will collapse. It has inflated enormously over the last 50 years and I hate to think of what it will be worth in another 50 years. Although you will probably be able to afford a loaf of bread with a trillion dollar bill. Our financial system is completely broken and fat cats at bank and government heads only want to keep lining their pockets instead of empowering people to think and act for themselves. They print off bills faster than we can spend them. If you think that it can continue this way then you are in for a rude awakening.

I am not saying that Bitcoin is the be all and end all for that problem. But the blockchain technology coupled with a highly adopted cryptocurrency can solve so many financial problems that the world as a global population faces in current economic times. I mean what will the world look like if money isn't an issue anymore. It is all about transacting for goods and services, however that transaction may take place. I have no doubt the fiat will be replace eventually. Just hope that the OP understands how things work when that time comes and he doesn't get stuck. Oh yeah and who cares if some people become millionaires in the process. That is what early adopters should get. They should be rewarded for leading the way. We still have some time to grow and this tech and still in its infancy. Only time will tell. But I am all for something that can rid me of middlemen getting their grubby fingers in every little aspect of every little transaction. If I want to go buy a pizza I should be able to send money straight to the provider. No one else needs a piece of our pie!