Quote from: millgates on May 04, 2019, 09:16:22 AM

Quote from: crazymelons12 on March 13, 2019, 12:53:39 AM

Even with the efforts done by the inventor Satoshi Nakamoto and the people who supported bitcoin around the world, still these guy from EY says there was no practical use for it and the deflationary model can only give damage to the global economy. On my thinking this isn't the case if this guy could only see how good the invention was. For me he was just talking non sense. Something that should not be entertained. Imagine how many lives have been saved by bitcoin in my locality. One was able to pay hospitalization, the other have been able to buy for him a house and lot, others have been able to buy a car to get to his job early, and so many other things.. See how people even made bitcoin atms and for just a simple reasoning bitcoin becomes useless and damaging? I think this guy has to wake up...

Read it here..

https://news.bitcoin.com/ey-bitcoin-no-practical-use-india/

Bitcoin not only help individualy but bitcoin also give a solution for african people for their digital transaction then help the aconomy of africa. There are many people who have problem with digital transaction, I heard many conplaints from paypal, alypay and other digital payment service users. If most of those people are businessman then it is not good for the economy.

That is the truth, not many countries are able to use paypal services generally for their business because they have country ban on them, but bitcoin payment has really lifted these bans as people can directly transfer funds to one anotherwithout any third party controlling who is entitled to use the services or not.

I think this is one of the reason why china is also I between the line as to supporting crypto or not, they are still trying to weigh in the options and see which one benefits them most because of Alipay, I bet that if cryptocurrency payment is fully adopted, Alipay may lose relevance completely.