Topic: A perspective of the future of Bitcoin.. (Read 872 times)
I think that bitcoin will evolve over time and in 5-7 years will have a completely different form.
Hey Dude! BTC is fantastic but is hopelessly failing as a method of payment, try DASH against it!FogueteBitcoin Transaction Fees Are Up 800% in One
https://twitter.com/Crypton24964267/status/1262369454849175554
https://twitter.com/Crypton24964267/status/1262369454849175554
here are a lot of reasons why people participate in the cryptocurrency market, profit is one of the mainly significant reasons. at what time Bitcoin and the cryptocurrency sell are profitable than we seen many investors, by this means rising blockchian technology. If soon investors invest in the cryptocurrency bazaar dissolve from the market, I am absolutely that the cryptocurrency marketplace will collapse.
This thread was created by me on the Romanian board and translated into English now for the international one.
The so-called 'journey' in the middle of which I am right now began in late 2013. I won't get much into detail - long story short, I found out about Bitcoin's existence through news.
My perspective about Bitcoin has changed, unfortunately, negatively among these 7 years of experience. From the idea that Bitcoin could turn the economical and governmental systems of the world upside down, today I see it as nothing else but an obstacle the governments overcame long ago and for which they surely have a plan of attack so that it would never be a threat for them be it in the present or short and long term future.
If until 2016-2017 there were no laws regarding cryptocurrencies and the law could be easily interpreted so that nobody knew for sure what they should or should not do properly about owning, using and transactioning them, today we have laws that appear as if they are opposing more and more the fundamental ideas of cryptocurrencies - almost as if the intention behind these regulations was to destroy them while using this entire time the "cryptocurrencies are used in criminal activities" excuse.
This has changed, in my opinion, Bitcoin's destiny. If in 2015 I could peacefully conduct transactions anywhere with cryptocurrencies and ATMs did not have anonymity limits, today I feel taken over by the world governments' regulations that ruthlessly entered my personal, private life.
The so-called "support" of cryptocurrencies by the states has proven, in my opinion, to be exactly the opposite. To be more precise, "sustaining" them has led to the resistance in front of genius Satoshi Nakamoto's essential ideas he began with. Through some kind of sabotage, the state could argue that being against the regulations means implicitly sustaining illegal activities. A kind of "Let us seize your personal life and control even this attempt of freeing yourself from the chain of wage slavery and criminal banks or we consider you a terrorist".
Today we have all these surveillance measures. Some of them are partial surveillance, others are surveillance from start to end. While we are fighting the pandemic and the incredible influx of uncertain information, surveillance is taking over our privacy "step by step" as our president Klaus Iohannis says, privacy becoming therefore an idea, a definition from the past.
Taking all the above into account, putting all the information in a nucleus, I can only get to one conclusion: Bitcoin's future will either have an abrupt and sad ending or will represent our revolution against the system of modern enslavery and against the flux of authoritarian and imposing laws we are witnessing right now.
The existence of privacy-focused cryptocurrencies like Monero surely did provoke fear inside all the world's governments, but the volume of transactions does not appear to be a threat to them so far.. which calms them down. But if Bitcoin ever fails because of these governments and we'd all move to the privacy-focused Monero immediately, would Satoshi Nakamoto's vision still be achieved? Would we still be able to finish what he started more than a decade ago, trying to turn upside down the attempt of "those above us" to transform our privacy into a definition of the past?
To me, the future is now uncertain. I will never give up, but I am afraid a significant number of apparent supporters of Satoshi's vision would, leaving us with no more soldiers in our war. I am afraid that too many of the ones currently supporting cryptocurrencies are only doing it because they have the hope of getting rich one day and are capable of accepting any sacrifice as long as their hope would become reality.
But nobody realizes that the privacy we knew and our freedom are the wealth we've been taught to ignore for a lifetime.
I've been wondering for a while how the Romanian community of BitcoinTalk could be revived. I'm more than sure that we have a pretty significant number of Romanians on the forum. However, as far as I can see, most of them are silent.
Therefore, I have decided to create a topic about a vision on Bitcoin's future. I only have two simple questions I'd like to be answered: How long have you been in the crypto sphere and how do you envision Bitcoin in the short/long term future?
I am going to begin by expressing my own ideas.
Therefore, I have decided to create a topic about a vision on Bitcoin's future. I only have two simple questions I'd like to be answered: How long have you been in the crypto sphere and how do you envision Bitcoin in the short/long term future?
I am going to begin by expressing my own ideas.
The so-called 'journey' in the middle of which I am right now began in late 2013. I won't get much into detail - long story short, I found out about Bitcoin's existence through news.
My perspective about Bitcoin has changed, unfortunately, negatively among these 7 years of experience. From the idea that Bitcoin could turn the economical and governmental systems of the world upside down, today I see it as nothing else but an obstacle the governments overcame long ago and for which they surely have a plan of attack so that it would never be a threat for them be it in the present or short and long term future.
If until 2016-2017 there were no laws regarding cryptocurrencies and the law could be easily interpreted so that nobody knew for sure what they should or should not do properly about owning, using and transactioning them, today we have laws that appear as if they are opposing more and more the fundamental ideas of cryptocurrencies - almost as if the intention behind these regulations was to destroy them while using this entire time the "cryptocurrencies are used in criminal activities" excuse.
This has changed, in my opinion, Bitcoin's destiny. If in 2015 I could peacefully conduct transactions anywhere with cryptocurrencies and ATMs did not have anonymity limits, today I feel taken over by the world governments' regulations that ruthlessly entered my personal, private life.
The so-called "support" of cryptocurrencies by the states has proven, in my opinion, to be exactly the opposite. To be more precise, "sustaining" them has led to the resistance in front of genius Satoshi Nakamoto's essential ideas he began with. Through some kind of sabotage, the state could argue that being against the regulations means implicitly sustaining illegal activities. A kind of "Let us seize your personal life and control even this attempt of freeing yourself from the chain of wage slavery and criminal banks or we consider you a terrorist".
Today we have all these surveillance measures. Some of them are partial surveillance, others are surveillance from start to end. While we are fighting the pandemic and the incredible influx of uncertain information, surveillance is taking over our privacy "step by step" as our president Klaus Iohannis says, privacy becoming therefore an idea, a definition from the past.
Taking all the above into account, putting all the information in a nucleus, I can only get to one conclusion: Bitcoin's future will either have an abrupt and sad ending or will represent our revolution against the system of modern enslavery and against the flux of authoritarian and imposing laws we are witnessing right now.
The existence of privacy-focused cryptocurrencies like Monero surely did provoke fear inside all the world's governments, but the volume of transactions does not appear to be a threat to them so far.. which calms them down. But if Bitcoin ever fails because of these governments and we'd all move to the privacy-focused Monero immediately, would Satoshi Nakamoto's vision still be achieved? Would we still be able to finish what he started more than a decade ago, trying to turn upside down the attempt of "those above us" to transform our privacy into a definition of the past?
To me, the future is now uncertain. I will never give up, but I am afraid a significant number of apparent supporters of Satoshi's vision would, leaving us with no more soldiers in our war. I am afraid that too many of the ones currently supporting cryptocurrencies are only doing it because they have the hope of getting rich one day and are capable of accepting any sacrifice as long as their hope would become reality.
But nobody realizes that the privacy we knew and our freedom are the wealth we've been taught to ignore for a lifetime.
People always say that online and instant payments help but not everyone is able to use this type of payment in their everyday lives. I think a good perspective for future bitcoins is that one way or another, it is inclusive. Inclusivity matters if bitcoins are going to take over the world someday, otherwise, we are depriving many people of the simple means to buy their necessities.
Bitcoin can become something more than just a digital currency, but it needs the support of the authorities to do this.
The only things the authorities support are the things they can control and regulate.
We don't need our babysitter giving us a green light. We need sovereign money outside of their control or influence.
This means most of all built-in privacy. Because you will never have freedom without privacy.
This is over reacting on freedom things since I don't see any danger on it not unless if you are trying to hide your illegalities
Nonsense. If you decide that only criminals deserve privacy, then the only ones who will have any privacy will be criminals. If you think privacy isn't a big deal, please share your real name, email address, social media profiles, and passwords to all your accounts, so I can have good snoop around your life and post whatever I like publicly. No? Didn't think so. Why is that any different to letting anyone who wants snoop around your financial transactions?For lawmakers the world over, linking law and order with privacy has been in the vogue for a long time now. We as citizens are made to believe a Utopian picture where if every person is profiled and tracked from birth to death, there will be no crimes. Some people may actually believe this as an acceptable thing because they want to live in a "safe" society.
Whenever this thought crosses your mind, ask yourself, What is Democracy? What is Government? Who gives the government its legitimacy and the mandate to make laws??
Answer:Its We, The People.
Ask yourself, Why do we vote? Why do I pay taxes? What is the government's job?
Answer: The governments "job" is to ensure that law-enforcers and justice system should work, that administrators don't slack, that education and healthcare is available so society doesn't go into decay.
Ask yourself, How well do they do this? What do i see around me?
Answer: The "Government" goes hand-in-gloves with corporations. Corruption and kickbacks become the norm. People like Jeffrey Epstein and his cult exploit minors and women for years. When they get caught, these people commit "suicides" to cut off the trail.
Realize that "Government" remains benevolent and stays on its toes as long as there is a civil society and informed citizenry to judge it. If we accept to become a tagged and databased herd of cattle for "security", the "Government" will not waste time in snatching all other liberties and putting you to work while the select few reap the benefits and fall into a spiral of depravity. Every centralized empire in history is proof of this. When the rulers have absolute power, the corruption and depravity is absolute too.
It is a vigilante citizenry that keeps government power in check. Bitcoin is a powerful tool for any vigilante citizen to have a say in his financial independence and in making his financial choices. Do not guilt-trip yourself that "terrorists" use it or worse. Those depraved criminals existed much before bitcoin. Its the "job" of your damn government to trace their asses and hang them by their toes. Yet, they fail to do their jobs and use your guilt to come after the one thing that gives you power as a citizen. Identify the ruse. Do not accept invasion of your privacy in the name of law and safety. Our aim is to be Honest, Upright Law-Abiding Citizens not Fearful, cowering, submissive, stick-fearing Cattle.
After bitcoin reached all time high in 2017, and after that two years experienced a bearish market. Some people no longer believe that
bitcoin is the future. But not all people think so, at least I as a bitcoin believer still believe in the future of bitcoin. I don't care how many
years it takes for bitcoin to become a global currency, for sure I will wait patiently until bitcoin become a global currency. Because for me
bitcoin is the only currency that gives freedom. And I am sure bitcoin in the future will become a global currency, which will be legalized
by all countries in the world.
bitcoin is the future. But not all people think so, at least I as a bitcoin believer still believe in the future of bitcoin. I don't care how many
years it takes for bitcoin to become a global currency, for sure I will wait patiently until bitcoin become a global currency. Because for me
bitcoin is the only currency that gives freedom. And I am sure bitcoin in the future will become a global currency, which will be legalized
by all countries in the world.
Bitcoin may become a global currency, or it may be forgotten. There aren't many options.
anybody can check your wallet balance ones they know your address so what exactly makes it private?
Then don't reuse addresses and don't broadcast which addresses belong to you.Decentralized but yet you still make use of the centralized exchange. You participate in ICO, IEO etc. and you get token but the dev team can lock your token or makes it useless by changing the smart contract.
That's nothing to do with bitcoin. Bitcoin remains decentralized, and it is entirely possible to use bitcoin to its full extent without ever touching a centralized platform. If people want to use centralized exchanges to buy centralized scam coins, then that's on them.This is over reacting on freedom things since I don't see any danger on it not unless if you are trying to hide your illegalities
Nonsense. If you decide that only criminals deserve privacy, then the only ones who will have any privacy will be criminals. If you think privacy isn't a big deal, please share your real name, email address, social media profiles, and passwords to all your accounts, so I can have good snoop around your life and post whatever I like publicly. No? Didn't think so. Why is that any different to letting anyone who wants snoop around your financial transactions? 
To me, the future is now uncertain. I will never give up, but I am afraid a significant number of apparent supporters of Satoshi's vision would, leaving us with no more soldiers in our war. I am afraid that too many of the ones currently supporting cryptocurrencies are only doing it because they have the hope of getting rich one day and are capable of accepting any sacrifice as long as their hope would become reality.
The truth is, majority of people are into this space because of the investment option attached to it. To be honest, i got into cryptocurrency market years ago only knowing one thing, bitcoin is a coin that a person can invest in with the tendency for it to increase in value after some times. I didn't know about the vision and concept behind cryptocurrency but over time, i found my way around things and i understand better. I strongly believe with each day passing, this sector will be having more and more believers and it will be another way round to your conclusion
To me, the future is now uncertain. I will never give up, but I am afraid a significant number of apparent supporters of Satoshi's vision would, leaving us with no more soldiers in our war. I am afraid that too many of the ones currently supporting cryptocurrencies are only doing it because they have the hope of getting rich one day and are capable of accepting any sacrifice as long as their hope would become reality.
The truth is, majority of people are into this space because of the investment option attached to it. To be honest, i got into cryptocurrency market years ago only knowing one thing, bitcoin is a coin that a person can invest in with the tendency for it to increase in value after some times. I didn't know about the vision and concept behind cryptocurrency but over time, i found my way around things and i understand better. I strongly believe with each day passing, this sector will be having more and more believers and it will be another way round to your conclusion
This happen today because it is the current usage of bitcoin to the people. Yet, it is for daily transaction. People always wany to use this cryptocurrency to earn and make money. However, I think someday people will learn to utilise bitcoin because it will become the main currency in earth. Looking forward with that scenario but right now, assume that bitcoin is a profitable asset.
If the world moves into a cashless society with Bitcoin becoming the main currency,
All payments will be traced, tracked, and recorded into an immutable ledger,
And Freedom on this planet will cease to exist.
This is over reacting on freedom things since I don't see any danger on it not unless if you are trying to hide your illegalities since if this case your will really worried about the outcome of your transactions and everything but I don't see any correlative danger if you used it for regular matters for example buying essential goods in the market.
When I operate with Cash in society, I have freedom and privacy. A cash payment system by default must offer privacy.
Just becomes guns can be used for criminal activities, doesn't mean all gun owners are bad guys.
Before many people see the bitcoin is just nothing if we are taking way back from the year of 2010 the bitcoin does not reach for over a dollar so there are a lot of people ignore the potential on but some of them still see the advantage of using the bitcoin even this is only new still many people support this kind of transaction and investment through out the years the market price and graph of the bitcoin makes a huge changes after a few months and years the bitcoin shows it's highly market price which is the year of 2016 and 2017 from the year of 2016 the halving comes on the market price of the coin which half the block of the bitcoin that causes a huge inflation of the market income with coins and it's continuously increasing up to the year of 2017 and by that there are a lot of people getting caught and encourage because they see the possible earnings they have but the journey is not easier as we expectt because after that year the price of the coin falls down many people makes hold on their coins and not risk to pull out and more their funds, some of them risk to get instead to lose more income. On that year I see the possible chance that the bitcoin will rise again and in this year or 2020 to 2021, there is a chance that the price of the coin reaches moreover into 10k dollars again. Today the number of users is continuously counting which is good because they are still rapidly supporting the use of the bitcoins and the crypto community.
Periods dude, Periods. I am talking about this little dot thing '.' that ends a sentence. You try and use it. Often. It makes your sentences shorter. That makes it easier to read and understand. Try using period.
You wrote 7 lines before using one.
This happen today because it is the current usage of bitcoin to the people. Yet, it is for daily transaction. People always wany to use this cryptocurrency to earn and make money. However, I think someday people will learn to utilise bitcoin because it will become the main currency in earth. Looking forward with that scenario but right now, assume that bitcoin is a profitable asset.
If the world moves into a cashless society with Bitcoin becoming the main currency,
All payments will be traced, tracked, and recorded into an immutable ledger,
And Freedom on this planet will cease to exist.
This is over reacting on freedom things since I don't see any danger on it not unless if you are trying to hide your illegalities since if this case your will really worried about the outcome of your transactions and everything but I don't see any correlative danger if you used it for regular matters for example buying essential goods in the market.
everyone wants to improve their quality of life. Not everyone was able to be born or move to Germany, Japan or Switzerland. There is nothing wrong with people looking for and inventing new ways to make money
Before many people see the bitcoin is just nothing if we are taking way back from the year of 2010 the bitcoin does not reach for over a dollar so there are a lot of people ignore the potential on but some of them still see the advantage of using the bitcoin even this is only new still many people support this kind of transaction and investment through out the years the market price and graph of the bitcoin makes a huge changes after a few months and years the bitcoin shows it's highly market price which is the year of 2016 and 2017 from the year of 2016 the halving comes on the market price of the coin which half the block of the bitcoin that causes a huge inflation of the market income with coins and it's continuously increasing up to the year of 2017 and by that there are a lot of people getting caught and encourage because they see the possible earnings they have but the journey is not easier as we expectt because after that year the price of the coin falls down many people makes hold on their coins and not risk to pull out and more their funds, some of them risk to get instead to lose more income. On that year I see the possible chance that the bitcoin will rise again and in this year or 2020 to 2021, there is a chance that the price of the coin reaches moreover into 10k dollars again. Today the number of users is continuously counting which is good because they are still rapidly supporting the use of the bitcoins and the crypto community.
This happen today because it is the current usage of bitcoin to the people. Yet, it is for daily transaction. People always wany to use this cryptocurrency to earn and make money. However, I think someday people will learn to utilise bitcoin because it will become the main currency in earth. Looking forward with that scenario but right now, assume that bitcoin is a profitable asset.
If the world moves into a cashless society with Bitcoin becoming the main currency,
All payments will be traced, tracked, and recorded into an immutable ledger,
And Freedom on this planet will cease to exist.
I consider that I am one of the lucky ones who entered the world of Crypto and learned a lot from him. Indeed, I discovered that the real wealth from this field has gained me by obtaining privacy, decentralization and financial freedom that cannot be controlled by governments or banks.
In addition, I still dream of making a second fortune when bitcoin rises.
What exactly do you mean by privacy? anybody can check your wallet balance ones they know your address so what exactly makes it private?. Decentralized but yet you still make use of the centralized exchange. You participate in ICO, IEO etc. and you get token but the dev team can lock your token or makes it useless by changing the smart contract. Is that still decentralized? In addition, I still dream of making a second fortune when bitcoin rises.
The main purpose of Bitcoin is to give freedom to the people, and by giving freedom to the people, it means that it is taking that ‘power to control everything’ away from the government and giving everyone the control over their own assets and money. That is something the government would never want to happen, they don't want to lose control over money, which is very important to them. They might allow us to be making use of Bitcoin now because it hasn't reached the level they have expected.
Most of us don't know what will happen when they release the Central Bank Digital Currencies (CBDC), I'm hoping it's all going to be for the better. Worst part of it all is that most people I see these days don't really have passion for Bitcoin, they are just in it for the money, they are always talking about bull runs and it's quite annoying. I can remember the earlier times when nobody really talks about bull runs and all this nonsense.
Most of us don't know what will happen when they release the Central Bank Digital Currencies (CBDC), I'm hoping it's all going to be for the better. Worst part of it all is that most people I see these days don't really have passion for Bitcoin, they are just in it for the money, they are always talking about bull runs and it's quite annoying. I can remember the earlier times when nobody really talks about bull runs and all this nonsense.
For trading, there is Bisq but to provide it with liquidity and usage is up to the users. If a Binance manages to garner much attention with trading shitcoins and becomes a "business leader", then that is just capitalism working.
Why can't a Bisq replicate the same form of success.
BISQ is my go-to for trading at the moment, and I wish it had more users and more liquidity. It all comes down to convenience again. If you are willing to give up your privacy to Binance, then no one can pretend that Binance isn't incredibly more convenient than BISQ. With BISQ you have to download clients, browser for offers you like or wait for someone to accept your offer, pay security deposits, wait sometimes for hours for the other person to complete their side of the deal, if you are transacting with fiat then wait hours for the fiat payment method to process, etc. With Binanace you can deposit, trade, withdraw, and be done in 20 minutes (provided they don't freeze your account or demand a compliance review or some other nonsense). Unfortunately, as I spoke about in my first post in this thread, people are all too willing to give up their privacy in exchange for convenience, everything from having a Google Home record all their conversations to sending their documents to complete strangers across the internet.Why can't a Bisq replicate the same form of success.
Maybe, we should have a dedicated section for Privacy issues as a sub for quality discussion as well as resources for newbies here at the forum.
I would agree with this, and it's something I've talked about on a couple of occasions before, most recently here - A board for Privacy, Security, and online Safety? We see quite a lot of threads regarding general privacy and security dotted about the forum in various boards where they don't really fit. A dedicated board would not only help to organize these topics in one place, but it would be a good starting point for users to educate themselves further, as you say.Jump to: