Quote from: vibingpositively on May 22, 2018, 10:36:39 PM

Quote from: Pan Troglodytes on May 21, 2018, 07:46:04 AM

Quote from: timerland on May 20, 2018, 07:08:36 AM

Quote from: vphasitha01 on May 19, 2018, 04:03:03 AM

Hi, I am still learning about block chain and bitcoin. Some of peoples are saying that bitcoins primary value comes from it's "censorship resistance" and some of them are argued it's primary value proposition comes from as a fact that bitcoin is peer-to-peer electronic cash system.I am some what in a confusion and I want to know what you guys are thinking?

I don't believe that bitcoin's value comes from a single source, but a multitude of reasons.

But if you want the primary reason, then I believe that its value is derives from its ability to serve as money. It's immutable, and not manipulable by governments, and thus, people have a demand for bitcoin as money.

It's similar to how gold has value, because it was the best thing available as a decentralized form of money many centuries ago.

Decentralization, and a strict cap on the supply of coins is where bitcoin's value comes from. If bitcoin was centralized, then I doubt it'll have any value at all, simply because it can't fulfill any purpose.

Totally agree, and this is why I am concerned with the movement of so called hodlers and a believe growing in our community, that the currency-like usecase of Bitcoin is irrelevant. Also, I watch spikes in transaction fee level (whenever the Bitcoin price becomes volatile) with concern and I don't like when this and that and the next merchants drops bitcoin from accepted payment methods.

When it comes to new technologies there is also a bump in the road. If everybody began using it as intended the network would look a lot different 9 years into it. We need more time for these infant markets to mature, more investors to enter, and the price to rise. After all those have happened, people will spend freely. I don't think we will see this in the next year or two, but after 2020 I fully expect Bitcoin to be an everyday currency in which we buy our groceries, gas, and clothes with.

I also think bitcoin will be an everyday currency in coming years. But i doubted weather it will comes before 2020 if following rumors are true

1) Nasdaq going to launch their own crypto exchange where people can exchange fiat currency into cryptocurrencies. They will be mostly focusing
   on adding BTC,LTC,BCH,ETH. So fresh money will be entering into crypto market.

2) NYSE(New York Stock Exchange) also will be developing a trading platform where investors can BUY, HODL and SELL bitcoins (NYSE having a
   market cap of around 21 Trilloion USD)

3) Goldman Sachs also planning to start a trading platform where bitcoin can be traded against fiat currency(USD). Goldman Sachs is the fifth-
   largest bank in the US by total assets worth 916 Billion USD