Bitcoin na Technology, Believe System abi na both?

[Duru_01]

The more I dey reason Bitcoin na the less I dey see am as just a piece of technology and e go still dey feel more like a belief system. People no just dey "use" Bitcoin, them believe am die, them trust the code pass the government, the math more than policies, and decentralization they prefer am to authority.

E come make me dey winder whether the strength of this Bitcoin na for the technology wey e be or na for the community belief where be say e dey represent freedom and fairness?

And if you think am well, na why no government ban or market crash don kpai Bitcoin even when these two factors don try, because you no fit destroy idea wey be say plenty people don kpogide come believe badly in it.

Wetin you think, Bitcoin they survive cause of him code or because of the conviction of those wey dey hold am tight?

[WhoYouCantKill]

This question is deep, and truthfully, Bitcoin's survival is enabled by both, code and the conviction.
The technology aids it as a backbone, decentralization, transparency, limited supply and security. Yet the belief is it's life, people's trust, passion, and shared conviction are the things that help the network to keep running and remain valued.
You won't be wrong to say no government ban or crash has been able to kill Bitcoin because it is not just any software, it is equally and idea backed up by millions who won't let it to die. The code aspect made Bitcoin possible, while the belief is what makes it difficult to stop.

[Alaja Cyber]

It's amazing how Bitcoin don evolve from just a technology to symbol of freedom and a store of value wey make am de relevant and wey make people believe am. Both of them really get hand for why Bitcoin de relevant till today but to me I think say the community conviction na him play much part because the belief wey people get for am na wetin increase its relevance, if they no believe am nobody go wan use am and like that e no go really get value.

[Callido]

Wetin you think, Bitcoin they survive cause of him code or because of the conviction of those wey dey hold am tight?

Reason dey wey make Satoshi create bitcoin, no be like how people dey see am as replacement to fiat but na for a purpose, decentralized money policy wey be say we no go always dey depend on banks or particular authority to dey remote how we spend our money, bitcoin na very good option to fiat, na for who sabi the importance.

Bitcoin technology dey decentralized, no central authority with total control, limited supply and everybody fit dey involved to support the network, make am more secured unlike fiat wey government fit print and over print for selfish reason.

[BIT-BENDER]

E come make me dey winder whether the strength of this Bitcoin na for the technology wey e be or na for the community belief where be say e dey represent freedom and fairness?

Before anyone start to believe in Bitcoin or anything it must first have a something of value worth believing in. No community go just believe in anything so the strength of Bitcoin is in its technology and the value it gives over the traditional financial system.

There is nothing like believe system, so no just carry believe system add for Bitcoin way go just make you dey overthink. Read about what Bitcoin is make you understand wetin e be.

[Cryptoprincess101]

Wetin you think, Bitcoin they survive cause of him code or because of the conviction of those wey dey hold am tight?

Bitcoin dey survive through its technology and also through its holders or investors. Where the technology of bitcoin come into play na the volatility aspect wey be say e just dey naturally say sometimes the price will go up and sometimes e go down then where the activity of its holders comes to play is the area of demand and supply because as people dey buy bitcoin na so e dey help the price to rise and when dem sell too na so the price go decline therefore the activity of bitcoin investors is what causes its technology to come into action, na so e just be.

[Marvelockg]

E come make me dey winder whether the strength of this Bitcoin na for the technology wey e be or na for the community belief where be say e dey represent freedom and fairness?

people believe in bitcoin not just for the technology it was built after but also for everything that is associated with it. it transparency is still a big deal, it decentralized nature is still another big deal about bitcoin. bitcoin though a technology has grown to almost become a believe system among enthusiast who are ready to push and speak positive of it potential not just for it short term but also for what it holds in the future to come. the fact that when you hold bitcoin you feel a sense of complete ownership joins to make it worth defending and speaking on a positive tune about it regarding it it uniqueness.

[Ojinga]

One thing wey don also keep bitcoin this much alive na the strong community wey back them up and yes we understand say the decentralized nature of the coin also contribute substantially to the growth but also on the long  run you go see say na because the people believe in the coin and also ready to do everything to keep am alive follow for one of the major reasons why the coin stand firm.

As it stands now and from the way things Dey go, I no go even fear to say people don already believe so much in bitcoin because e don already prove himself repeatedly and e Dey always reaffirm people hopes, so yes people also believe in bitcoin because of the technology, volatility and decentralized nature.

[The Founding Titan]

The truth be say na for this very reason them create bitcoin, something way government not fit control way dey for the people way dey use am, so yes bitcoin na technology but e fit also work as believe system because e don give people hope say something still day way government not get hand inside and for people like us way dey naija the idea say government no dey control something go sweet us for body.
I been seen one thread way give small talk on why Satoshi create bitcoin so I go paste link to that thread for anybody way wan see am below.



https://asktom.cf/index.php?topic=5563888.0

[Jubilee58]

The truth is that the survival of bitcoin is a combination of technology and believe, the decentralized nature of bitcoin is what makes it not to controlled by any one and more also, as more people are holding bitcoin, that is how the life of bitcoin is being sustained.

Bitcoin has already proven itself to be a very good asset for investment, many sectors have invested in bitcoin and more people are still investing, the present and rapid adoption of bitcoin has made bitcoin a top notch for investment.

The technology behind bitcoin and the number of holders are working hand in hand to keep bitcoin going and this two factors are behind the survival of bitcoin.

[Ruttoshi]

Na the technology behind bitcoin network na e make people believe am because you no just believe something without any good reason to the point of putting your money inside. Bitcoin get many problem wey e dey solve in which anonymity na one of them and the intermediary problem wey e kill follow make people adopt bitcoin because them believe am.

Why people no believe all those shitcoins wey dey out there because people don see say them no get any special problem wey them dey solve and them fey easy to manipulate the price. Bitcoin technology na e make the value dey grow because e the security and decentralized network.

[Skydrill]

The more I dey reason Bitcoin na the less I dey see am as just a piece of technology and e go still dey feel more like a belief system. People no just dey "use" Bitcoin, them believe am die, them trust the code pass the government, the math more than policies, and decentralization they prefer am to authority.

E come make me dey winder whether the strength of this Bitcoin na for the technology wey e be or na for the community belief where be say e dey represent freedom and fairness?

And if you think am well, na why no government ban or market crash don kpai Bitcoin even when these two factors don try, because you no fit destroy idea wey be say plenty people don kpogide come believe badly in it.

Wetin you think, Bitcoin they survive cause of him code or because of the conviction of those wey dey hold am tight?

me I believe say Bitcoin na different things to different people and e depend on how every take see this Bitcoin based on how e take dey work or fit their lifestyle, a part from the fact say Bitcoin na nice technology, Bitcoin get the ability to transform the economic life of anybody we dey ready to invest consistently and maybe that nai be the reason why many people believe in the ability of Bitcoin to change their status so I go agree with you as you say some people don adopt Bitcoin as a belief system.

[Samlucky O]

Wetin you think, Bitcoin they survive cause of him code or because of the conviction of those wey dey hold am tight?

Bitcoin dey survive because of em decentralized nature. People no just believe in Bitcoin because of the coding system but because of the importance of the code to humanity. The trust people get for Bitcoin na because Bitcoin function as alternative to fiat system which nothing like that don exist, apart from that Bitcoin dey transparent and every transaction dey stored for the Blockchain come make am hard to manipulate like fiat system. All this things naim bring about trust and conviction for people to hold am tight. Bitcoin solve the problem of humanity come gain trust, believe me no be every technology wey people fit adopt like This, but na base on problem of financial crisis wey been happen and Bitcoin solve am, and till today Bitcoin never disappoint. Although if people decide say them no go buy and hold, Bitcoin no go reach this far but na how important Bitcoin dey naim trigger the adoption and nothing fit make Bitcoin fail for any reason because people don dey too committed to say no.

[Rgram]

The more I dey reason Bitcoin na the less I dey see am as just a piece of technology and e go still dey feel more like a belief system. People no just dey "use" Bitcoin, them believe am die, them trust the code pass the government, the math more than policies, and decentralization they prefer am to authority.

To reduce Bitcoin to something like “Believe” eh, e no really describe Bitcoin well. If you check well for watin “Believe” actually mean, you go see am say e Dey more linked with religion, myths, supper natural and all those things way fit no get proof cef but, you just gats accept am to be true via say, na watin them don teach you since you Dey small or a higher power don put am to you say, na so e Dey and you just take am like that.

You fit believe in something even when that thing no be true… Bitcoin no Dey like that. Na technology as you talk, guided by codes and facts, things way you fit probe, prove and verify. Na why e Dey so easy for people way don try venture into this field and get some level of understanding of it no Dey reason to commot body.

Watin even make am sure wella be say, the calling economy of nations cef dey push for more cryptocurrency or Bitcoin inclusive world.

[Duru_01]

The more I dey reason Bitcoin na the less I dey see am as just a piece of technology and e go still dey feel more like a belief system. People no just dey "use" Bitcoin, them believe am die, them trust the code pass the government, the math more than policies, and decentralization they prefer am to authority.

To reduce Bitcoin to something like “Believe” eh, e no really describe Bitcoin well. If you check well for watin “Believe” actually mean, you go see am say e Dey more linked with religion, myths, supper natural and all those things way fit no get proof cef but, you just gats accept am to be true via say, na watin them don teach you since you Dey small or a higher power don put am to you say, na so e Dey and you just take am like that.

You fit believe in something even when that thing no be true… Bitcoin no Dey like that. Na technology as you talk, guided by codes and facts, things way you fit probe, prove and verify. Na why e Dey so easy for people way don try venture into this field and get some level of understanding of it no Dey reason to commot body.

Watin even make am sure wella be say, the calling economy of nations cef dey push for more cryptocurrency or Bitcoin inclusive world.

I understand where you dey come from brotherly but you go still remember say Bitcoin started off from somewhere and na base on believe and the kind things them wey Satoshi reason people wey make people enter, na still the believe wey dem get for the Bitcoin matter make dem no dey reason about the future, cause dem believe say as dem kpogide here nothing go sup highest be say market go go down come still come up but e no fit crash. So all follow for believe my bros

[Mighty97]

The survival of Bitcoin depends on both, yet belief is stronger than force.
The code provided it structure and trust — transparency, limited supply, and decentralization, yet it's people's conviction that helps it to remain alive through bans, crashes, and FUD. If all stopped having believe in what the code stands for, just the technology won't matter.
Therefore while the foundation was built by the code, it's the shared belief in freedom from control the keeps the whole thing operating. Bitcoin's genuine power is social, not only technical.

[MainIbem]

You fit believe in something even when that thing no be true… Bitcoin no Dey like that. Na technology as you talk, guided by codes and facts, things way you fit probe, prove and verify. Na why e Dey so easy for people way don try venture into this field and get some level of understanding of it no Dey reason to commot body.

Brotherly whether Bitcoin dey proven or not eh go take people to believe in the technology behind am before them go even think of to invest in am. Yes Bitcoin na pure technology, nobody fit argue that one, infact na blockchain technology dey power Bitcoin but you suppose know say na the believe people get from am na em done make am last for over a decade now. Also, to believe fit mean to accept something, eh fit still mean to hold unto something and na the believe people get for Bitcoin make them dey hold am for long to get better profit for future.

[BitBakerr1]

Wetin you think, Bitcoin they survive cause of him code or because of the conviction of those wey dey hold am tight?

Na because of the two but the major one way they make Bitcoin grow this big na because of the truth way planty people done get for where Bitcoin dey, one thing way we need to understand be say the more crowd dey invest in Bitcoin the more Bitcoin go dey grow, na the value way people dey put inside Bitcoin Make Bitcoin grow nothing more because e get some coin way dey now way get the same things way Bitcoin get but them no dey grow like the way bitcoin dey grow.
Remember say na Bitcoin be the first crypto coin to exist so people don't really trust am and them dey value am well well na way en still dey survive they do well, and one thing be say people go continue to dey put more value and trust for inside Bitcoin.

[Nasdel4]

Na the two but na the believe wey be say people don dey get where Bitcoin dey na him make am dey strong and better as the day goes by. The community is big and still expanding, people don see the value wey dey for the Bitcoin matter, the decentralization and everything and them believe say with Bitcoin dem fit keep their money make e still bring more money for them in few years to come.