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Showing 7 of 7 results by di4biz
Man,
I usually never reply to these topics, but this comment is so well written.
Cheers, mate
OP's comment really shows of what BTC is truly capable of when the time comes (because as of now, surely, it can do all of these things, but not on a scale imagined, imo), it's an alternative for so many spheres and ways of doing things.. I usually never reply to these topics, but this comment is so well written.
Cheers, mate
.. and the lack of real-world applications?
Did I hear you say "Lack of real world applications"? You are mistaken Bitcoin to some other digital currency.
Bitcoin is already used for international transactions, payment gateways to facilitate sending and receiving of money in business, cross border trade, store of value, and in making donations during crisis without a third man. So, I think you should recheck the statement you made and correct.
I do think it's more about not wanting to find some real cases to BTC, other than those that tie up directly to its price, not the abilities it has due to its values that are still upheld.. But that's okay, because we can always learn about these and understand the cases you and others would present.
I’m aware BTC is already used for that and more. The issue is that most of these use cases are dominated by large companies and 3th parties not by individuals or SMEs, which actually make up the majority of the world’s economy. The potential for Bitcoin is to truly empower small businesses and everyday people to operate independently, and that’s the gap I’m highlighting.
Thanks everyone for the replies, looks like a good title makes all the difference, especially when it’s your first post.
What real world applications are you referring to Bitcoin was designed to serve a purpose by the originator of Bitcoin and that was to server as a store of value where people can use it as a digital currency.
That's true, Bitcoin was designed as digital cash and a store of value! But those are just tools, not the end goal. There are dozens of real-world applications including enabling SMEs to receive cross-border payments instantly without high fees, funding small projects directly from individuals without banks, creating community-based lending systems, paying freelancers globally, supporting merchants in unstable economies where local currency collapses, etc etc. For me that's the beauty of Bitcoin. Store the value, use it as an asset or collateral to build/buy more freedom for your family A lack of real wrld application you say? that alone denies your earlier statement that you are an holder of bitcoin that believes in it decentrlization. crtainly, the hype about bitcoin and the speculation on what it next price will be is just what it is because of the potential that holders have on it. as long as investors look at bitcoin from the point of view of being profitable at it, they are going to continue speculating bitcoin price and as adoption also increses, the fact still remains that bitcoins relevant as a means of solving global financial problem will still remain top at the conversation of the usefulness of bitcoin.
you can't stop speculation since it is coming from multiple angle. it is either those that are bullish about bitcoin continues to hype it and reemphasize the need for it adoption or that those that are agaisnt it try to be bearish about there speculation which is going to lead to moreconversation on what bitcoin next price will be. with that and the FOMO that newbie investors experience, bitcoin still remains a relevant asset not just in the now but also in the future to come.
you can't stop speculation since it is coming from multiple angle. it is either those that are bullish about bitcoin continues to hype it and reemphasize the need for it adoption or that those that are agaisnt it try to be bearish about there speculation which is going to lead to moreconversation on what bitcoin next price will be. with that and the FOMO that newbie investors experience, bitcoin still remains a relevant asset not just in the now but also in the future to come.
Holding BTC and believing in decentralization doesn’t mean I have to ignore its lack of real-world applications. In fact, it’s because I believe in it that I want to see it used more actively. Speculation will always exist, but freedom also means pushing for its use beyond just price hype.
A lot of people call BTC a 'free' currency, that is to say people are free to use it as they want, without any third party control of course, and that includes the speculators. I don't don't see how speculation is a problem, as many people tend to suggest sometimes, i.e. it doesn't stop anyone from spending their BTC, using it i a p2p way, setting up their own node, etc.
Truth be told, it is going to be hard to find a bitcoiner who isn't using BTC's volatility to make profits on their investments, what is wrong with that? Absolutely nothing.
Truth be told, it is going to be hard to find a bitcoiner who isn't using BTC's volatility to make profits on their investments, what is wrong with that? Absolutely nothing.
I agree that speculation is part of the freedom BTC gives. My point is, if 90% of people only see it as a quick-profit asset, we’re wasting its potential as a driver for business and real financial independence.
If you are doubting real-world applications, then it is clear to me that you don't fully understand Bitcoin yet. Bitcoin's existence itself is the biggest killer real-world application.
I agree that the existence of Bitcoin is already revolutionary, but that’s just the starting point. A tool only changes the world when it’s used to build something, and that’s where I see room to take BTC further.
You are confusing the location of the problem. This is not a problem of Bitcoin, it is a problem of society. Bitcoin is the best tool that we have ever had, expecting it to fix society is just crazy thinking.
It has never been as good as it is now, but people still find reason to complain. It is amazing how messed up humans are. If someone wants things to be better than they are, make it happen and stop whining online.
I agree that the existence of Bitcoin is already revolutionary, but that’s just the starting point. A tool only changes the world when it’s used to build something, and that’s where I see room to take BTC further.
You are confusing the location of the problem. This is not a problem of Bitcoin, it is a problem of society. Bitcoin is the best tool that we have ever had, expecting it to fix society is just crazy thinking.
It has never been as good as it is now, but people still find reason to complain. It is amazing how messed up humans are. If someone wants things to be better than they are, make it happen and stop whining online.
I don’t expect Bitcoin or other crypto to fix society. What I want is for us to use the best tool we’ve ever had to create real value, not just let it sit there while we debate how great it is.
Thanks to everyone for sharing your views. Many of you have already seen and still see, the trends in Bitcoin’s current use right? Let me broaden my thinking a bit more and respond to some of you:
Speculation, yes. And not just on the asset’s price, but also on what it supports and where it’s being used. I’ve got nothing against people doing it, freedom means exactly that. But here’s the thing, there are so many problems that could be solved with the proper use of this asset, without even giving up control over it, but instead, most are chasing the quick buck, the 1000%, the gambling, the trading, the easy, I'm I right?
And yes, capitalism and decentralization can absolutely work together. Capitalism, by definition, is a free market system based on private property and the voluntary exchange of labor. Nothing stops it from operating in a decentralized environment where competition increases and monopolies shrink.
Once again, beyond the big institutions, funds, banks, etc. where are the SMEs and individuals using this or other tools to actually compete?
About the newbie I hope so. Thanks
Speculation, yes. And not just on the asset’s price, but also on what it supports and where it’s being used. I’ve got nothing against people doing it, freedom means exactly that. But here’s the thing, there are so many problems that could be solved with the proper use of this asset, without even giving up control over it, but instead, most are chasing the quick buck, the 1000%, the gambling, the trading, the easy, I'm I right?
Pro-capitalism and decentralization power? Doesn't stand well.
And yes, capitalism and decentralization can absolutely work together. Capitalism, by definition, is a free market system based on private property and the voluntary exchange of labor. Nothing stops it from operating in a decentralized environment where competition increases and monopolies shrink.
Once again, beyond the big institutions, funds, banks, etc. where are the SMEs and individuals using this or other tools to actually compete?
P.S. Hope you stick around, you gotta "earn" that right to not be called out as a newbie 
About the newbie I hope so. Thanks
Hi, hope you’re all doing well. Before you start calling me a newbie, or whatever it is you call a freshly created account, let me introduce myself and explain why I’m here. Business dev by trade, I work with multiple SMEs on their management and operational transformation as a consultant. I develop strategy, improve processes, and cut costs. Every day I deal with individuals who, for many years, have been building businesses, employing families, and adding value to communities, while giving up the most precious limited resource we all have: time. They all have something in common, they depend on governments, banks, and large institutions, which hold back their growth and take away power whenever it suits them. Economically, I’m liberal, pro-capitalism, and fully in favor of decentralizing power. I’m a Bitcoin holder and strongly believe in the technology behind it. That said, I have plenty of questions about all the hype surrounding it and the direction it’s heading.
So I decided to create my account to ask you guys, if you think BTC true potential, of giving individuals financial independence and direct control without relying on banks or large institutions, is being undermined by speculation and the lack of real-world applications?
So I decided to create my account to ask you guys, if you think BTC true potential, of giving individuals financial independence and direct control without relying on banks or large institutions, is being undermined by speculation and the lack of real-world applications?