Bitcoin has a Future, But Maybe Not As a Currency. Do you Agree?

Nawaytes

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Quote from: Swordsoffreedom on June 25, 2014, 06:43:24 PM

Bitcoin has a future as a currency and more
The ecosystem and developments are there and a ledger is what Bitcoin best excels in
That said it can do many more things

bitcoin is excellent.
bitcoin start a new chapter to the modern era. Cheesy

slowly all can be done with bitcoin, you can do anything with bitcoin.
it is excessively, but I think it's that so Cheesy

haha

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

Bitcoin has a future as a currency and more
The ecosystem and developments are there and a ledger is what Bitcoin best excels in
That said it can do many more things

theblacksquid

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Quote from: Beliathon on June 25, 2014, 04:09:30 PM

Quote from: beetcoin on June 25, 2014, 03:53:38 PM

Quote from: Meuh6879 on June 25, 2014, 12:57:24 PM

Quote from: beetcoin on June 25, 2014, 12:42:35 PM

plus, it's naturally deflationary. doesn't make sense to me.

because you leave with a reasing amount of money every year (salary man ?).
rise of the price is the most stupid of this 150 past years of the humanity (inflation create WAR).

you just need to understand that a deflationary currency cannot be a world currency.

And why would that be? Because in a crypto world nations can't make infinite, never-truly-paid-for war via printing press?

You're clueless. Bitcoin is the best thing to happen to Earthlings since electricity.

Well, even if it doesn't become a world currency, it'll certainly become a store of value and the "reserve currency" or other altcoins that might better fill that purpose.

It's happening right now, actually. (People storing paper wallets in safety deposit boxes, transferring their lifetime savings to btc, etc)

Skele

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Yes Indeed, Bitcoin not only has a future, it is the future, a new age...

If you don't believe that, why do you have a Bitcoin development signature ?

Beliathon

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Quote from: beetcoin on June 25, 2014, 03:53:38 PM

Quote from: Meuh6879 on June 25, 2014, 12:57:24 PM

Quote from: beetcoin on June 25, 2014, 12:42:35 PM

plus, it's naturally deflationary. doesn't make sense to me.

because you leave with a reasing amount of money every year (salary man ?).
rise of the price is the most stupid of this 150 past years of the humanity (inflation create WAR).

you just need to understand that a deflationary currency cannot be a world currency.

And why would that be? Because in a crypto world nations can't make infinite, never-truly-paid-for war via printing press?

You're clueless. Bitcoin is the best thing to happen to Earthlings since electricity.

beetcoin

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Quote from: Meuh6879 on June 25, 2014, 12:57:24 PM

Quote from: beetcoin on June 25, 2014, 12:42:35 PM

plus, it's naturally deflationary. doesn't make sense to me.

because you leave with a reasing amount of money every year (salary man ?).
rise of the price is the most stupid of this 150 past years of the humanity (inflation create WAR).

i'm not sure i understand what you're saying. but if you think i'm saying deflation is a bad thing, then i'm not. you just need to understand that a deflationary currency cannot be a world currency.

BitsBitsBits

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Quote from: Meuh6879 on June 25, 2014, 10:09:38 AM

Bitcoin is the answer for ... everything.

Well I wouldn't say everything, but the blockchain is a really innovative invention and I think it will be the future of currencies. But which one will take over is too soon to say.

Balls

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I think it has a future both as a currency and as a technology.

Beliathon

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Quote from: blatchcorn on June 25, 2014, 12:41:49 PM

But there is no denying that if bitcoin fails...

It won't. Your hypothetical is invalid because it fails to account for historical evidence.

cbeast

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Let's talk governance, lipstick, and pigs.

"Bitcoin doesn't make the currencies, it makes them better."

311

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Come original.

Quote from: beetcoin on June 25, 2014, 12:42:35 PM

if it were used as a currency, the blockchain would be bloated as hell.. plus, it's naturally deflationary. doesn't make sense to me.

It is a currency and people are using it as one. Money doesn't have to be inflationary either.

Neodamus

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If Bitcoin isn't used as a currency, what else could it hope to accomplish? It seems like that's the first 'proof of concept' challenge for it before it could become anything more complex such as a way of managing contracts.

That being said, I believe Bitcoin will become a major currency in the near future, if not the most dominant in the next few decades. It is decentralized currency, and once something becomes decentralized, it is hard to make it centralized once again because the natural trend of the world is towards decentralization and individual power. Centralizing currency is going to require more and more effort as its going to be facing an ever increasing level of resistance from individuals who have empowered themselves.

Meuh6879

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Quote from: beetcoin on June 25, 2014, 12:42:35 PM

plus, it's naturally deflationary. doesn't make sense to me.

because you leave with a reasing amount of money every year (salary man ?).
rise of the price is the most stupid of this 150 past years of the humanity (inflation create WAR).

beetcoin

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Activity: 434

Merit: 250

if it were used as a currency, the blockchain would be bloated as hell.. plus, it's naturally deflationary. doesn't make sense to me.

blatchcorn

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Quote from: Beliathon on June 25, 2014, 12:38:24 PM

Quote from: blatchcorn on June 25, 2014, 10:10:06 AM

I think the real question here is: if bitcoin fails as a currency will the blockchain technology continue?

If you have to ask this question, you can't understand why Bitcoin is even valuable.

The blockchain is the beating heart of Bitcoin, but it's also so much more...

I can understand both the value of bitcoin and the blockchain's potential.

But there is no denying that if bitcoin fails, it will be hard for the blockchain to shake-off the negative associations

Beliathon

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Quote from: blatchcorn on June 25, 2014, 10:10:06 AM

I think the real question here is: if bitcoin fails as a currency will the blockchain technology continue?

If you have to ask this question, you can't understand why Bitcoin is even valuable.

The blockchain is the beating heart of Bitcoin, but it's also so much more...

DoubleU

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Well, I'm new to the cryptocoin world. But still much earlier than the general population!

From my own opinion, Bitcoin would not be the default digital currency of the future as there's quite a bit of future for it as a wealth holder i.e. gold as there's a number of issues with the current system for the general mass adoption e.g. no instant transfer. Gold is very good comparison to Bitcoin. A big currency in the past, now retired as assets. Satoshis will definitely worth a sizeable sum with mass adoption Grin

. As for the likely candidate of the default digital currency... I cannot yet see one. Shocked

-W

Beliathon

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Quote from: Meuh6879 on June 25, 2014, 10:09:38 AM

Bitcoin is the answer for ... everything.

beatljuice

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What the article completely ignores in its "west-centricity" is that bitcoin will be making a huge difference in developing and financially challenged countries. And I think bitcoin will be the almost exclusive player in remittances, because the people that use remittances usually don't have access to exchanges so they are going to want one standard currency to send, and since bitcoin is the "first on the scene" it has a huge lead on any other currency.

SpontaneousDream

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Quote from: blatchcorn on June 25, 2014, 10:10:06 AM

I think the real question here is: if bitcoin fails as a currency will the blockchain technology continue?

Of course blockchain technology will continue. That was the real innovation. Roll Eyes

Topic: Bitcoin has a Future, But Maybe Not As a Currency. Do you Agree? (Read 1385 times)