BBC World Service - The Inquiry, What’s The Point Of Bitcoin?

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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Buttcoin: backed by gold, comedy gold!

Shill central
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What Is The Point Of Bitcoin?

What Is The Point Of Bitcoin? submitted by Roy1984 to Bitcoin [link] [comments]

What Is The Point Of Bitcoin?

What Is The Point Of Bitcoin? submitted by Roy1984 to CryptoCurrency [link] [comments]

What Is The Point Of Bitcoin? (x-post from /r/Bitcoin)

What Is The Point Of Bitcoin? (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

What Is The Point Of Bitcoin? (x-post from /r/Cryptocurrency)

What Is The Point Of Bitcoin? (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

What’s the point of Bitcoin if there’s only a limited supply?

From my understanding, when the last Bitcoin is mined there will be around 21 million bitcoins in supply. Won’t this just mean that there’s a few people left with the majority of wealth? I understand that you can split Bitcoin into much smaller amounts, but it’s quite clear most people will just hoard their stash and only sell them at incredibly inflated prices.
Am I missing something?
submitted by Mr10_ to BitcoinBeginners [link] [comments]

The highest point of Bitcoin dominance. History and reasons leading to this.

The highest point of Bitcoin dominance. History and reasons leading to this. submitted by Ax1osPrax1os to Bitcoin [link] [comments]

What is the point of Bitcoin-contained ETFs

I was wondering, while Bitcoin is a whole different asset-class, why we so desperately want ETFs to contain it, well yes, It is great that you can put your 401k in to Grayscale ETF, but overall on stock market, purpose of ETF quite different, it is used for reasons such as:
  1. Diversification
  2. Self-Sufficient asset(no action needed in case you've got your dividend & etcetera)
  3. Buying something you wouldn't be able otherwise(such as Chinesse / Japanesse stocks)
And where there is always indirect ownership of the stock as well as stocks in ETFs too, we just castrate Bitcoins biggest advantage on the market, you can not trade stocks and own them directly, so there is brokerage service, but putting Bitcoin on that field means willingly castrate BTC.
Bottom line here is:
  1. Indirect ownership, all the advantage erased
  2. You simply can not rebalance bitcoin's share inside particular portfolio with ETF
  3. You are paying fees to the fund and the exchange market although unlike with shares there is no changes in depository because in bitcoin's case it is - blockchain
  4. We need some kind of new Type of Market inbetween Stock Exchange and Crypto Exchange, until that, all these Bitcoin contained ETFs are like Modern Sports Cars being moved by donkey.
submitted by Empirismus to Bitcoin [link] [comments]

What is the point of Bitcoin-contained ETFs (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

What is the point of Bitcoin? (x-post from /r/cryptocurrency)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

What's the point of Bitcoin? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

redsteeze: RT @somospostpc: ISNT THAT THE POINT OF BITCOIN? https://t.co/gIahsL5ULU

submitted by thefeedbot to TheTwitterFeed [link] [comments]

What Is The Point Of Bitcoin?

What Is The Point Of Bitcoin? submitted by Roy1984 to Bitcoin [link] [comments]

The point of bitcoin?

Everybody panics in this subreddit about the price falling down I mean isn’t the whole purpose of Bitcoin is to be an decentralized asset? Like I still got my 1 BTC and it can’t change to 0.99 BTC because of the price is falling?
Please tell me why you think it’s time for a panic?
I bought at 10K last month and are more than happy to see the market change if you compare it to fiat money, I believe in bitcoin and cryptocurrency in the long change. What are your thoughts?
submitted by jullovich to Bitcoin [link] [comments]

If you're attacking BCH for continuing to use the Bitcoin name then maybe your problem is that you never understood the entire point of Bitcoin to begin with.

Bitcoin is an open source Peer-to-peer Electronic Cash System which was originally highly prized for being capture resistant.
If Bitcoin were not open source, or if elements of it were trademarked or patented, then a malactor could trivially hire up the developers and destroy the system by perverting its usability and /or mission, essentially converting Bitcoin into a centralized corporate/government coin.
Fortunately nobody controls the Bitcoin code or the name "Bitcoin" so it cannot be captured. Anyone is free to fork the code and call it Bitcoin. If this were not true, it's unclear what the point of Bitcoin would be in the first place.
So if you're attacking BCH for continuing to use the Bitcoin name and continuing the mission of Bitcoin: a Peer-to-peer Electronic Cash System then maybe your problem is that you never understood the entire point of Bitcoin to begin with.
submitted by jessquit to btc [link] [comments]

What Is The Point Of Bitcoin?

What Is The Point Of Bitcoin? submitted by Roy1984 to CryptoCurrency [link] [comments]

What’s the point of bitcoin?

I don’t get why bitcoin still has any value. I heard people say it’s a great place to park cash to shield yourself from inflation, fluctuation in currency / stock, etc. However, when the market dipped last week bitcoin lost more than half its value. It seems like it’s more volatile than stock and more susceptible to manipulation than currency or stock?
submitted by Throwaway_rand_83738 to NoStupidQuestions [link] [comments]

Someone missed the entire point of bitcoin

Someone missed the entire point of bitcoin submitted by MemoryDealers to btc [link] [comments]

What is the point of Bitcoin?

What is the point of Bitcoin? submitted by PersonaCryptona to bitcoincashSV [link] [comments]

What is the point of Bitcoin? Ft. Paul Puey

What is the point of Bitcoin? Ft. Paul Puey submitted by moonshadow88 to Bitcoin [link] [comments]

What is the point of Bitcoin? Ft. Paul Puey

What is the point of Bitcoin? Ft. Paul Puey submitted by moonshadow88 to btc [link] [comments]

“I seriously couldn’t believe my ears when Tone Vays [aka The Tool] said Bitcoin should not be used as money during the debate. Isn’t that the point of Bitcoin?”

“I seriously couldn’t believe my ears when Tone Vays [aka The Tool] said Bitcoin should not be used as money during the debate. Isn’t that the point of Bitcoin?” submitted by Egon_1 to btc [link] [comments]

What is the point of Bitcoin?

What is the point of Bitcoin? submitted by PersonaCryptona to bitcoinsv [link] [comments]

What is the point of Bitcoin? Ft. Paul Puey Bitcoin NFC POS prototype by XBTerminal how to mine bitcoins on pc - what is the point of bitcoin How I Predicted 14,000 Points of Bitcoin Price Action Bitcoin - Point of sale system

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What is the point of Bitcoin? Ft. Paul Puey

Bitcoin bears the weight of many hopes: stable money, anonymity, anti-censorship, and trustless commerce. But what does this jargon mean? And how will Bitcoin truly affect the lives of everyday ... Bitcoin NFC enabled point of sale terminal prototype demonstration. In development by http://xbterminal.com How to create Bitcoin and Lightning Network Point of Sale - Duration: 7:48. BTCPay Server 2,680 views. 7:48. How Car Dealerships Rip You Off (The Truth) - Duration: 11:17. ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. How to create a Bitcoin Point of Sale at CoinGate.com 1. Login to your dashboard at https://coingate.com 2. Go to “Merchant tools”, then “Point of Sale” and click “New POS”. 3. Fill in ...

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