Post
Topic
Board Economics
Re: Bitcoin is useless
by
nightways
on 17/02/2018, 07:18:32 UTC
That's not what the OP meant, bitcoin by being useless is because there is no actual use after its creation, you imagine transaction cost is higher than paying what you get, i'd stick using fiat for transaction than using bitcoin. Yes bitcoin gave a lot of fortune and wealth to a lot of people but its practical use and function is still unknown.

If there's no actual use after its creation then why did it pumped to $20k from last year? And also why there are now companies wanted to use this cryptocurrency.
It is higher, simple, its the highest crpytocurrency in the market right now, so its just all marketing strategy. Sticking with fiat? Good luck with that.
Its not unknown, its just that you're not familiar with its utilization yet.

why would you say its useless if you does'nt know about bitcoin as far as i'm concern bitcoin brings as a lot of benefits and it is very east to transact by networking and it is very useful to us who experience about bitcoin.

There are no 'a lot of benefits'. Although I can tell that it is the highest cryptocurrency yet, and t reached $20k last year. But that very convenient still. How can you say that it is very useful, please have examples.
Some are ignorant and some people do this intentionally as they know the glamour and charge that bitcoins are carrying along. They only get frightened with the fact that someday this bitcoin will destroy their whole life. Even it can’t happen, bitcoins never demoralize anyone rather they always there to help. Open chances are broad casted to everyone that whosoever want to change the life, just take a start.