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    Author Topic: How would the world be if Bitcoin wasn't created  (Read 1599 times)

    • 8rch7
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    October 24, 2022, 01:41:32 PM
     #81
    Without bitcoin, the world will continue to run, the world economy will continue to spin, and human life will remain as usual, but if bitcoin is not created, there will certainly never be new challenges in the assets that we hold and control ourselves, basically there is no one. no one knows what was in the mind of Satoshi Nakamoto at that time, the originator of bitcoin whose name is known throughout the country, but until now no one has been able to reveal the true identity of Satoshi.

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    October 24, 2022, 01:55:08 PM
     #82
    If Bitcoin did not exist we would be living in a bubble all the time, just as we are right now, the war drums are what have caused the whole event to be delayed, however we have noticed that many people have protected themselves by buying a lot oo, shares in the stock market, all this has always been like an evil that is impossible to stop, governments look for all kinds of excuses and events to delay it, the covid, new diseases, this has caused some movements to be invalidated, but everything is close For me, there is talk about many levels of inflation in the US and Europe, the gas and oil crisis where third world countries begin to emerge.
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  • suzanne5223
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    October 24, 2022, 10:57:08 PM
     #83
    Quote from: talkoncrypto Official on October 19, 2022, 05:23:25 AM
    But have you ever thought how could be the world without bitcoin
    Yes, Bitcoin introduces something new and changes the way we feel or see money but Bitcoin is not the solution to everything I believe the world problem is one.
    If there's no Bitcoin someone would have come up with an innovative idea. Mind you, BTC is not the first digital currency.

    Quote from: talkoncrypto Official on October 19, 2022, 05:23:25 AM
    1)  No worldwide community would have existed for a single cause of Decentralization ,not only for Bitcoin but even to raise a voice for something like this ...
    It is the consensus and decentralization of Bitcoin that make it happen and each country's political differences and beliefs will never make it happen.

    Quote from: talkoncrypto Official on October 19, 2022, 05:23:25 AM
    2) Govts and Banks would have taken full advantages during pandemic
    The government and the 1% always take advantage of people every year.  Do you how much the corporations are spending on stock buybacks?

    Quote from: talkoncrypto Official on October 19, 2022, 05:23:25 AM
    3) People would have no better choice to invest apart from land, stocks or bonds 
    Gold and Silver are another better investment choice

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  • KennyR
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    October 24, 2022, 11:21:03 PM
     #84
    Around 4.5% of users were found around the world. This count is among the entire population. Remaining percentage of people are still under a situation there is no bitcoin. In that stance even if bitcoin wasn't created our lives would've been moving over something. When we talk of privacy and other forms of banking, we'll be still stalked by the third parties same as the majority percentage experiencing at the moment.

  • febriyana
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    October 25, 2022, 02:42:04 AM
     #85
    If Bitcoin wasn't created.
    I think only to use Gold Bars as my decentralized asset.

    Because the fact Government has issue money where can created from thin air and that is unlimited supply
    That is actually doesn't have value at all. The number on the paper itself have value because only trust.
    If everyone doesn't trust money, what happen? Many riot everywhere.

  • TheGreatPython
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    October 25, 2022, 09:18:04 PM
     #86
    Quote from: molsewid on October 24, 2022, 04:39:10 PM
    Quote from: 8rch7 on October 24, 2022, 01:41:32 PM
    Without bitcoin, the world will continue to run, the world economy will continue to spin, and human life will remain as usual, but if bitcoin is not created, there will certainly never be new challenges in the assets that we hold and control ourselves, basically there is no one. no one knows what was in the mind of Satoshi Nakamoto at that time, the originator of bitcoin whose name is known throughout the country, but until now no one has been able to reveal the true identity of Satoshi.
    I agree, if bitcoin doesn't exist at all I will be still keeping my money in the banks even though the interest doesn't change and it is very small compared to the interest you will get when you save your money in Binance. If bitcoin doesn't exist and created I will not be able to be in this life I am living right now, thanks to crypto I can earn much more than my full time job, I am able to survive in pandemic and inflation as well.
    I think the primary purpose of banks is for people to safe guard their money and they can only dispense sufficient amount anytime they need it. Even btc is here, and there are now binance, you can always keep your money in the banks. There are no btc's on the past but why its possible for others to change their lives from poor to rich? If they can do that then you can also do it even without the help of btc.

    There will still be forex, stocks and other markets where you can do trade and invest. The only main advantage of btc is it is decentralized and there are people who are always looking forward about it where they won't depend on fiat money anymore.

  • sukmo
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    October 26, 2022, 11:33:44 AM
     #87
    Maybe if bitcoin is not found we will not be able to invest independently without the need for a second or third party even though it has a fairly high risk.

    In my opinion, if bitcoin is not found, the one who will benefit is the government of a country and the banks in that country, especially if there is a pandemic problem like now that is engulfing all countries in the world.

    And I think many people are grateful for the existence of bitcoin, because with bitcoin and cryptocurrencies, it can simplify investing independently without involving many parties.

  • talkoncrypto Official (OP)
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    October 27, 2022, 08:13:50 AM
     #88
    Quote from: molsewid on October 24, 2022, 04:39:10 PM
    Quote from: 8rch7 on October 24, 2022, 01:41:32 PM
    Without bitcoin, the world will continue to run, the world economy will continue to spin, and human life will remain as usual, but if bitcoin is not created, there will certainly never be new challenges in the assets that we hold and control ourselves, basically there is no one. no one knows what was in the mind of Satoshi Nakamoto at that time, the originator of bitcoin whose name is known throughout the country, but until now no one has been able to reveal the true identity of Satoshi.

    I agree, if bitcoin doesn't exist at all I will be still keeping my money in the banks even though the interest doesn't change and it is very small compared to the interest you will get when you save your money in Binance. If bitcoin doesn't exist and created I will not be able to be in this life I am living right now, thanks to crypto I can earn much more than my full time job, I am able to survive in pandemic and inflation as well.


    According to my opinion, Though we are still in early stages, but a time a time will come in near years where bitcoin will not only be used for investment , but rather an alternate payment method, and we could see more bitcoin payment apps and companies will evolve .. that is the time when we can see the real potential of decentralization where anyone can accept bitcoins without being dependent on fiat ...

    We are just seeing this time where people can buy land or property with bitcoin.. but this will take some more time to reach a global world, but keeping the fingers crossed , bitcoin is the future currency ...

  • amihada
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    October 27, 2022, 10:59:23 PM
     #89
    if bitcoin was not created by satoshi then everyone would hold fiat money and gold as their assets, now bitcoin has been born and now many people have believed bitcoin is the most valuable asset, maybe in the future another one will be born again and valuable and useful then bitcoin will lose and so on.

  • romero121
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    October 27, 2022, 11:06:58 PM
     #90
    If bitcoin wasn't innovated we might be much into the traditional currency usage. Even now we're much used to it than the cryptocurrency. The existence of cryptocurrencies have helped people to overcome different issues that are being experienced by the people using banking system.

    Different concepts would've emerged, but we don't know how far it could've succeeded in real time.

  • landheer
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    October 27, 2022, 11:23:17 PM
     #91
    Quote from: febriyana on October 25, 2022, 02:42:04 AM
    If Bitcoin wasn't created.
    I think only to use Gold Bars as my decentralized asset.

    Because the fact Government has issue money where can created from thin air and that is unlimited supply
    That is actually doesn't have value at all. The number on the paper itself have value because only trust.
    If everyone doesn't trust money, what happen? Many riot everywhere.

    yes, it might have been like that if bitcoin no created invented, what people were like in the 1990s. i.e. they invest in gold bullion. or also
    invest in land, but in fact until now there are still many people who invest in gold bullion and land. it's just that if bitcoins weren't made the difference is that no one would invest in bitcoins, because the bitcoins don't exist either.

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    October 27, 2022, 11:46:35 PM
     #92
    If Bitcoin didn't exist then life is just normal. All major financial-related problems will be dealt with accordingly.

    Those 7 mentioned pointers too by the OP won't be part of the discussion as they won't exist. Since technology is evolving, we will still reach use the digital form of payment even without blockchain-related stuff.

    But good thing bitcoin is created. No need to mention in detail why it's a good thing.
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  • YellowWitty1
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    October 28, 2022, 05:48:09 AM
     #93
    Bitcoin has definitely given us some autonomy over our funds. What I can think of is that we would have to rely on banks and the high transaction fee they charge. Security would have remained a big concern.

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    October 28, 2022, 07:02:07 AM
     #94
    Quote from: molsewid on October 24, 2022, 04:39:10 PM
    If bitcoin doesn't exist and created I will not be able to be in this life I am living right now, thanks to crypto I can earn much more than my full time job, I am able to survive in pandemic and inflation as well.

    I can assure you, this is what bitcoin has been doing for a lot of people, I can't say it makes everyone here rich but a lot of people are living better lives. I myself am a person who has a pretty hard life with my meager salary but since investing in bitcoin, my life has improved a lot. Until now, it's hard to imagine what I would be like without bitcoin, I still have to work 12 hours a day for a living wage. And in times of inflation like now, when commodity prices go up 20%-30%, without my bitcoin savings I would have to work 16-18 hours a day just to be able to survive.
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  • talkoncrypto Official (OP)
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    October 31, 2022, 02:48:26 PM
     #95
    Quote from: fuguebtc on October 28, 2022, 07:02:07 AM
    Quote from: molsewid on October 24, 2022, 04:39:10 PM
    If bitcoin doesn't exist and created I will not be able to be in this life I am living right now, thanks to crypto I can earn much more than my full time job, I am able to survive in pandemic and inflation as well.

    I can assure you, this is what bitcoin has been doing for a lot of people, I can't say it makes everyone here rich but a lot of people are living better lives. I myself am a person who has a pretty hard life with my meager salary but since investing in bitcoin, my life has improved a lot. Until now, it's hard to imagine what I would be like without bitcoin, I still have to work 12 hours a day for a living wage. And in times of inflation like now, when commodity prices go up 20%-30%, without my bitcoin savings I would have to work 16-18 hours a day just to be able to survive.

    Your journey would have not happened if bitcoins wasn't created, good to hear from you that somehow it impacted your life for good.. So many people said, it would have been normal like before..  but in my opinion, Bitcoin created in such a time span and reached a global level acceptance its hard to believe anything could have been close to bitcoin as a currency.. I can vouch for de-centralization , but think of it a person has to go completely obsolete and out of this world, just to save the sanctity of the code written, so it cannot be manipulated even after decades.. This is the actual beauty of Bitcoin..

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    October 31, 2022, 03:55:17 PM
     #96
    Quote from: cryptoaddictchie on October 19, 2022, 05:55:29 AM
    Personally if bitcoin didnt exist Im not sure what would be my life. But since I learned and being associated with it, I confirm that its one of the best association or thing that happened to me. I am indeed a professional but doing my thing isnt enough and I have an urge to learn new things and luckily I found about cryptocurrency. Really big help not only on financial but also healthy to adopt new tech in our life.
    it has really help me personally in many different ways also. I learn more about blockchain and so on.

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    October 31, 2022, 05:07:54 PM
     #97
    Quote from: talkoncrypto Official on October 19, 2022, 05:23:25 AM
    Bitcoin has time and again proved that it is the next big thing after Internet, the decentralization is what people required and it has given every common man the power to believe in it ...

    But have you ever thought how could be the world without bitcoin ..

    1)  No worldwide community would have existed for a single cause of Decentralization ,not only for Bitcoin but even to raise a voice for something like this ...

    2) Govts and Banks would have taken full advantages during pandemic

    3) People would have no better choice to invest apart from land, stocks or bonds 

    4) The excitement to grow money 10-20 folds would have not existed ...

    5)  Top Business House and Influencers, such as Michael Saylor or Elon Musk would have been obsolete with just a few tweets...

    6) The search for a person (Nakamoto) , was never been so much anticipated by the whole world, probably like the "Wealth of Rothschild"..

    7) Countries would have no other option to trade in apart from usd or gold like before... Now they can in Bitcoin

    Share your thought on this .. what do you think would have been situation if Bitcoin was not created



    OP missed the most important point and that is the amount of jobs that bitcoin has provided over the years.
    All of us would have missed these opportunities to make an income.
    Bitcoin has enabled us to become financially independent and without it many of us would have been in the rat race.
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  • panganib999
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    October 31, 2022, 05:34:20 PM
     #98
    Quote from: talkoncrypto Official on October 19, 2022, 05:23:25 AM
    Bitcoin has time and again proved that it is the next big thing after Internet, the decentralization is what people required and it has given every common man the power to believe in it ...

    But have you ever thought how could be the world without bitcoin ..

    1)  No worldwide community would have existed for a single cause of Decentralization ,not only for Bitcoin but even to raise a voice for something like this ...

    2) Govts and Banks would have taken full advantages during pandemic

    3) People would have no better choice to invest apart from land, stocks or bonds 

    4) The excitement to grow money 10-20 folds would have not existed ...

    5)  Top Business House and Influencers, such as Michael Saylor or Elon Musk would have been obsolete with just a few tweets...

    6) The search for a person (Nakamoto) , was never been so much anticipated by the whole world, probably like the "Wealth of Rothschild"..

    7) Countries would have no other option to trade in apart from usd or gold like before... Now they can in Bitcoin

    Share your thought on this .. what do you think would have been situation if Bitcoin was not created


    Honestly speaking, although everyone would agree that the impact Bitcoin had left to us is massive and life-long, I don't think much of the world would change if bitcoin hadn't existed. Why do I say this? Because well, people like Vitalik Buterin exists. People like Satoshi Nakamoto have been here and have always been here. Who's not to say that one of them couldn't think of a way to create an electronic peer-to-peer financial system like bitcoin? Bitcoin is a blessing to us, but I feel like we are making it bigger than what it actually is.

  • Blawpaw
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    October 31, 2022, 08:48:51 PM
     #99
    Quote from: talkoncrypto Official on October 19, 2022, 05:23:25 AM
    Bitcoin has time and again proved that it is the next big thing after Internet, the decentralization is what people required and it has given every common man the power to believe in it ...

    But have you ever thought how could be the world without bitcoin ..

    1)  No worldwide community would have existed for a single cause of Decentralization ,not only for Bitcoin but even to raise a voice for something like this ...

    2) Govts and Banks would have taken full advantages during pandemic

    3) People would have no better choice to invest apart from land, stocks or bonds 

    4) The excitement to grow money 10-20 folds would have not existed ...

    5)  Top Business House and Influencers, such as Michael Saylor or Elon Musk would have been obsolete with just a few tweets...

    6) The search for a person (Nakamoto) , was never been so much anticipated by the whole world, probably like the "Wealth of Rothschild"..

    7) Countries would have no other option to trade in apart from usd or gold like before... Now they can in Bitcoin

    Share your thought on this .. what do you think would have been situation if Bitcoin was not created



    Cypher punks were already on the brink of finding/developing something pretty similar to Bitcoin. In fact, they were on it since the Cult of he Dead cow, and it become like an urgent need since 92 on. Decentralization and the need for a mean of eschange specifically designed for the internet was something that the world needed. So, if it was not Nakamoto bringing Bitcoin to the table, someone else would invent an alternative.

  • bhooscream
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    October 31, 2022, 11:32:18 PM
     #100
    We would not know what would have happened and how it would have continued if Bitcoin had not been created. However, it is possible that there will be other technologies that make a lot of changes in the world, right? Whether it's in terms of financial, health, system, and also other technologies. What is clear, there will definitely be changes because the world continues to grow and more and more geniuses are creating something that has a big impact on the world.
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