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Author Topic: Why bitcoin is successful? - this one statement sums it up!  (Read 4064 times)
avikz
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May 28, 2019, 03:05:13 PM
 #1

Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?

We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.

The tweet says,

Quote
No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings

The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.

I don't think of anything better can be answered against those above mentioned questions! Want to beat it??

Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880


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May 28, 2019, 03:18:28 PM
 #2



Yes, in the simplest way of expressing it those are important reasons why bitcoin has become the top and the most recognizable cryptocurrency of all time. Bitcoin is actually not the best and may not be perfect but it is the one which the market is addicted with. In other words, bitcoin is really unlike any other enterprise model we have and the technology underlying it is quite unique and very transforming yet at its essence it is actually just simple.
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May 28, 2019, 03:35:02 PM
 #3

Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?

We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.

The tweet says,

Quote
No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings

The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.

I don't think of anything better can be answered against those above mentioned questions! Want to beat it??

Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880



According to my understanding about it, Bitcoin is purely decentralized based system where its features was too unique, and it is most trusted by the community in the entire world, that's why lot of investors in the entire world embraced and supported it so much. Imagine its price was  kicked up very much without using any advertisement.
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May 28, 2019, 03:39:05 PM
 #4

At first it seems amazing that Bitcoin succeeded despite not having all those things, but looking at altcoins, it's clear that things like centralized leadership, focusing on marketing before development, private funding and so on, they would actually make a cryptocurrency worse, the point of cryptocurrency is resilience through decentralization, and these for-profit companies always have their own interests in mind first, and users second, while in Bitcoin the core idea is always in priority, and anything that can endanger it is rejected.

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May 28, 2019, 03:41:13 PM
 #5

No, I don't want to beat it because that answer has already had it Grin
Bitcoin can success until now is because people can have a new source to make money and they can get it by free or with their own money, and they can double or triple their money in trading and another way.
But that will depend on what they do with bitcoin.
The other coin cannot do what bitcoin do because they are following bitcoin as their leader, and they are behind bitcoin without any chance to replace bitcoin position.

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May 28, 2019, 03:42:08 PM
 #6

In my opinion, bitcoin succeeds not only because of its security, independence or transparency. It succeeds because bitcoin has no owner. Who knows who satoshi nakamoto is? Maybe he doesn't exist

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May 28, 2019, 03:44:52 PM
 #7

Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?

We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.

The tweet says,

Quote
No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings

The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.

I don't think of anything better can be answered against those above mentioned questions! Want to beat it??

Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880



it's a great answer! "No Board meetings" means no people who will empower or push their own agenda for their own good and leave
the rest in misery which a lot of company do right now.

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May 28, 2019, 04:01:46 PM
 #8

Quote
The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.
I think this is the best way to explain why bitcoin is a success and why bitcoin became so important in many peoples lives already.
The financial system and money shouldn't be a problem in our lives, it should be an instrument to facilitate it and bitcoin is helping this way, so we aren't fully dependent anymore on the traditional financial system and our inflationary currencies.

People are discovering new sources of income through bitcoin and that is really softening the suffering of many as the opportunities aren't disponible on their villages, cities, areas and regions. Finally there is a valuable currency to receive payments, to save money, to invest and to work with.
Bitcoin philosophy is important, but I believe the practical effect it has in our lives is the most important part of it.

 
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May 28, 2019, 04:18:58 PM
 #9




There are so many alt coins that are far better than bitcoin in terms of technology, Concepts and Decentralization but nevertheless Bitcoin  remain the best because its the foundation, the pillar of all Blockchain Cryptocurrency . As you stated, It doesnt have employee, no advertisment , no CEO , alal these features makes it completely decentralized and free from human manipulation or control. Bitcoin will be successful, it has just started the success journey .
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May 28, 2019, 07:35:41 PM
 #10

I certainly agree with this. Everything is going smoothly and without any conflict and hassle. It's a great thing that it's decentralized which is far from any team manipulation and rules, Bitcoin could still soar high unlike other altcoins which are mostly manipulated by a team. Everything in Bitcoin is simple and yet it still shines among other coins.

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May 28, 2019, 07:40:57 PM
 #11

Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?

We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.

The tweet says,

Quote
No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings

The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.

I don't think of anything better can be answered against those above mentioned questions! Want to beat it??

Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880




There is no employee, no PR agency and no head. I agree with that. But there are so many people helping about ads, so many people using BTC in their social media and so many volunteers works for it.

But still, Bitcoin can be the invention of this century.

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May 28, 2019, 07:45:27 PM
 #12

Yeah! You nailed it!

And to add it up. It is the only currency we can be sure to call as our own. A revolutionary coin to get raid of the greediness from the people that rigged our national currency for the sick of they’re freaking money.

Soros is getting old to understand bitcoin and will have no time doing what he does best, destroying things on his way. Bitcoin been into many battles in many years and still hodling on, for it is what the future generations badly needed in order to survive.

HODL
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May 28, 2019, 07:49:18 PM
 #13



There are also projects that is also run by its own community like Bitshares which Dan Larimer had left for the community to manage, same thing he did for the steemit.
What is unique for BTC though is that its being accepted by many merchants, its already well known to anyone that its already the synonym of crypto. If I were to sum it up is that We just like BTC more than any other coin.


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May 28, 2019, 07:50:15 PM
 #14

Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?

We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.

The tweet says,

Quote
No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings

The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.

I don't think of anything better can be answered against those above mentioned questions! Want to beat it??

Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880

I will give the following suggestion:

copy and paste this post in all threads of the altcoins section, because who knows with this post the creators of shitcoins will feel more inspired and will start to strive to create good projects that add some value in the crypto world.

THE FIRST DECENTRALIZED & PLAYER-OWNED CASINO
.EARNBET..EARN BITCOIN: DIVIDENDS
FOR-LIFETIME & MUCH MORE.
. BET WITH: BTCETHEOSLTCBCHWAXXRPBNB
.JOIN US: GITLABTWITTERTELEGRAM
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May 28, 2019, 08:30:33 PM
 #15

With that thinking, are we sure that the godly purpose of bitcoin is the only factor which made it as successful as where it is today? I think not. The moment people started trading it with fiat is IMO what really drove it to the success it is getting right now. Admit it or not, that fact alone help cement bitcoin's legacy status in the financial world, and perhaps without it bitcoin is still within mailing lists and close circles of cypherpunks and enthusiasts wanting to make a change.

It is no doubt that bitcoin's value and purpose is important in getting its success, but there are other factors at play, too.

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May 28, 2019, 10:52:01 PM
 #16

Well up to my thinking you are absolutely right.. these are  the main factors which made successful bitcoin  in the market.. no need of any advertisement  and so many other things..
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May 28, 2019, 11:27:45 PM
 #17

There are so many alt coins that are far better than bitcoin in terms of technology, Concepts and Decentralization

That's utter nonsense. No altcoin codebase is more rigorously tested than Bitcoin. No altcoin network is more secure. Altcoins are much more centralized in their mining or staking distributions. Some altcoins may have shiny new gimmicks -- most of which aren't worth porting into Bitcoin -- but "far better than Bitcoin" is simply wrong.

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May 28, 2019, 11:33:08 PM
 #18

Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?

We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.

The tweet says,

Quote
No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings

The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.

I don't think of anything better can be answered against those above mentioned questions! Want to beat it??

Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880



Agree to this, aside from it bitcoin separates people from banks which snatches them their money. Banks usually just gives small interest on people's investment and savings. With cryptocurrency, even with it's risk, it provides people an opportunity to earn more money due to it's potential. Not to mention the convenience of using cryptocurrency vs banks which cut's off a lot of fees and delays for processing payments and transactions.

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May 28, 2019, 11:34:39 PM
 #19

Bitcoin become successful because it is the first digital currency that dare to offered unique feature, and the first currency that dare to challenge government authority, its a currency that able to give us freedom, these new things are something that most people wanted
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May 29, 2019, 12:06:38 AM
 #20

Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?

We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.

The tweet says,

Quote
No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings

The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.

I don't think of anything better can be answered against those above mentioned questions! Want to beat it??

Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880



It's called first-mover advantage. But the 1 MB block issue will ultimately be the currency's undoing.

Follow me on Twitter: https://twitter.com/realmicroguy
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