Post
Topic
Board Bitcoin Discussion
Re: Why should people use Bitcoin?
by
uletkluget
on 27/03/2018, 09:40:30 UTC
Bitcoin is the future of money, or so they say.


I would like to hear your opinions on Why should people use Bitcoin?



Technically, bitcoin would need to scale ultimately to keep up with the pace of the ever-growing need for faster transactions and security for bitcoin users. This is not really hard if we could come up with a consensus as a community. The thing is, some devs responsible for the said growth or development of the code often mix things with personal gains, which ideally isn't good for bitcoin's thriving in the long run.
We know that people now daw have a high exchange rate for a 1 bitcoin..,
Bitcoin has generated plenty of interest and controversy as a "third" type of currency and an alternative to government flat currencies like the U.S. dollar or the euro or pure commodity currencies like gold or silver coins.
Bitcoin purchases are discrete. Unless a user voluntarily publishes his Bitcoin transactions, his purchases are never associated with his personal identity, much like cash-only purchases, and cannot be traced back to him. In fact, the anonymous Bitcoin address that is generated for user purchases changes with each transaction.
Purchases Are Not TaxedSince there is no way for third parties to identify, track or intercept transactions that are denominated in Bitcoins, one of the major advantages of Bitcoin is that sales taxes are not added onto any purchases, according to Investopedia so better use bitcoin.