Soon larger part of the general population over the globe will grasp bitcoin. And it's really a great thing that most bitcoin users are aiming for being wealthy in here. But alongside of it, we should keep in mind what is really the essence of bitcoin.

If bitcoin is legal and acceptable in your place, it will be easy for you to directly use bitcoin as practical currency. But if it's still discrete, you can not directly use bitcoin but there are ways to use it like transferring it to other wallets or accounts or exchange it in your country's money.

I think bitcoin would be best describe as just a treasure and treasure alone. It's kind of alarming if it becomes a "national treasure" since bitcoin is aiming for a universal usage of it. On the other hand, it's not impossible to make it as a treasure because we are expecting that sooner or later, it will be known to the public and it can be our mode of payment, cash and such.

It is possible for the government to ban bitcoin in any case. But the least thing they want is the falling down of their economy. So banning bitcoin is not an option. And since all countries are aiming for globalization, bitcoin and other crypto market are very useful for it.

According to Leo Tolstoy, we should not fear the lack of knowledge, but fear false information. And that makes sense. You cannot say the pros and cons of holding or trading your coins unless you experience it. And with that, you gain the knowledge and you will not be afraid of taking the chance to engage in trading. It's not merely the afterthought of trading or holding, it's actually the process that makes you learn things. So, I guess both are considerable.

With the assistance of bitcoin we can bear the cost of big houses little by pretty much nothing. For a little start up cash used to put resources into bitcoin, we can acquire twofold or possibly tripled to what we have contributed. This is a shabby method to procure cash, where no advances is required only a little measure of your reserve funds or a piece of wages and patience will do. Putting resources into property might be a lifetime venture, yet we as a whole realize that it requires part of investment and push to pick up the benefit there, yet with bitcoin it is less demanding. More compelling and effective.

Risk goes with two things; whether you lose or you win. And investing in bitcoin is really a high risk. It's volatility and unchanging value in the present. But I think, as long as we can adopt to the changes, as long as we know the strategies, you can never be wrong in bitcoin.

Technically, distributed ledger technology is a broader system or technology, while blockchain is the one who composes the DLT. It's like the blockchain is a single cell that works individually to make a whole DLT.

Mostly in african countries, their economy is not that good compare to asian countries. So, I think it's a good step for Kenya to adopt bitcoin and now, they're using atm bitcoin-machine. That's one of a great step to ponder their economy. Hope it will work and more countries should consider doing it.

I think the best way is a little-by-little step. Like first, bitcoin users today will endorse it to the people they know. Then, it would be great if we will use social media platforms to campaign bitcoin. And if the media is already exposed to bitcoin, that is the time we can do advertisements to schools and other big organization. Because bitcoin is really a big help in one's economy.

I truly believe in your statement. Indeed, bitcoin is the vehicle but not just a simple one. It has a system that needs proper execution and regulation. And that's where we enter. We are power-source (gas) of that vehicle. We keep it moving forward and develop it. And I think that's a good comparison to explain how bitcoin is such an essential part to the life of a bitcoin user.

I think that is a great idea in terms of conveniency. Here in the Philippines, workers have a lot of atm cards or credit cards. It's very much handy and not really convenient. So having a smartphone wallet is really benefial most especially to workers. The downside of it is that, your account and money are not that safe. The fact that it can be hacked or it can be stolen by holdapers and such. But all in all, it's a great step in advancing and diversifying to the usual concepts of keeping money.

I think bitcoin is not really something that is asset or currency. By all means, it can be a mode of exchange of golds and money. Also, I think bitcoin is made for us. So it's in our hands what we are going to do in bitcoin. But at the end of the day, let's be responsible of our actions and let's be wise in our decisions.

I agree. If one single or individual economy adopts bitcoin the tradings of money, specifically dollars will help for the improvement of it. It might not be a big step but it's a stepping stone for improvement.

I think you see it wrong. Bitcoin is not backed by anything or anyone, it's just that it has a lot of components that some may interpret it wrong. US dollar is like the blood of bitcoin, but it doesn't just circulates there.

Basically, bitcoin is backed by blockchain technology. But if you will see thru it, mainly, we all backed bitcoin. Bitcoin technology actually depends on the people, instead of some specific organisation, country or an economy. It centers and circulates with us, the users of bitcoin.

Metamorphically speaking, life is really unfair. And if I would base with the information given. Some were practically born rich, some were sadly born poor. But the thing here is, how to live our life? Some rich people, they have all the thing they want in just a snap of their fingers but at the end of the day, they feel incomplete. While some poor people, having companions to get the days go by is simply a happiness for them. I think it's not merely the money itself that makes us rich, but the amount of appreciation we have in our lives. We all differs with talents and intelligence. But we all have opportunities that knocks a lot of times --- it's just a matter of choosing what door you will open; we all have a perfect timing for everything --- it's just a matter of realizing what is what. We are all rich by all means. Let's just don't forget to add spices like hardwork and efforts.

Indeed, even with the negative stories that appear to surge the news on occasion, Bitcoin is in reality more secure than most other money related frameworks. Setting aside the opportunity to find out about how Bitcoin functions and putting resources into a protected wallet is basic in guarding your Bitcoin. And as for the security, it depends on the person who is handling the account. One should be wise in choosing transactions just like in bank.

I imagine that Satoshi didn't have so huge plans for bitcoin like it has grown at this point. Most likely the thought was to present the new innovation and some virtual money in new virtual period, to give individuals some other option to customary fiat monetary forms and unified accounts. Perhaps Satoshi didn't expected that bitcoin will make so huge progress out of nothing.

 Yet, I'm certain he didn't need constrain bitcoin just to specific gatherings of individuals and that exclusive couple of benefit out of it yet things frequently turn out unique in relation to we need them.

You're quite right, I guess. Bitcoin, as of the moment, can be simply put as a part of the economy, not the economy itself. It's all about transactions, exchange of money and value of bitcoin. But on the other hand, bitcoin can really make a lot of impact if it is considered legally by the public and government as associate or part of ones country's economy.