Quote from: iv4n on January 05, 2019, 09:17:00 PM

Quote from: indrakusumaindra on January 05, 2019, 03:44:04 PM

Quote from: Indamuck on October 13, 2018, 11:26:37 AM

Pretend that all the fiat money in the world is gone and the whole world is only using Bitcoin. Ignore scalability issues for this scenario.

I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?

Thats true, imagine the world without money and wonder whether bitcoin could replace money is ridiculous, bitcoin have a really big volatility and not fit as a currency. But if there is no money and there is only bitcoin i believe, bitcoin value would be more stable like dollar and if every one in the world use it for transactions i believe bitcoin price would be really high and remain stable and could be use as good as fiat currency.

Bitcoin works, and guess what, it will work even better with lighting. Its ridiculous that people think that price volatility have anything with technology and transactions, you can use it or you can`t, end of story. Price swings are cause of speculative market, cause of adoption, cause of growing up and searching for its place. I searched trough your comment history, even you too are talking about recovery, about price rise in the future, how the hell can you expect stable price and price rise? Maybe stable price rise? Do you think this world is perfect and everything goes smoothly? Wake up, there is a war outside, for everything, bitcoin is fighting with something so big and powerful. Ups and downs are normal, but don`t question usability and compare that with price, you need to be smarter than that.

The bitcoin has characteristics that is really important in our economy. We can now have a faster transaction because of the power of blockchain technology. The people are now preferring the new payment system than the traditional payment system.