Bitcoin isn't a new economy.
However, it is definitely a currency that will have potential to play a big role in the future economy, especially the online one. And I can't agree enough with the statement that we're only in the early adoption phase where lot a lot of real usage and adoption of bitcoin is actually going on.
People still have doubts, and fail to realize the many problems that can be addressed through a decentralized currency. E.g., ongoing currency debasement of fiat. Even if we don't see fiat necessarily be replaced by bitcoin in the future, adoption should continue to go up, and we should see a nice niche that bitcoin serves, for online transactions, and for storing wealth as an alternative to fiat which is ever depreciating.
Topic: Bitcoin is the New Economy, we are only at the very beginning - page 3. (Read 766 times)
Personally, I don't think that Bitcoin is the new economy, it is an technological innovation that has started to change a lot in the world economy but then I don't think it is right to call it an economy. I think it is better if we just call it the Era of Bitcoin, where in Bitcoin has a great influence on the changes that happened, and these changes are all for the better. With the we are only at the beginning part, I definitely agree with that, we are on the early stages, where in not everyone knows and truly understands what Bitcoin is, its purpose, how it works and how it can change lives. So spreading the word, being a great example and teachers about it would be a great help not just to the crypto currency industry but to the world.
I completely agree that there is a future for Bitcoin and crypto-currencies. This process will proceed gradually. Only time is needed.
We may not predict what is coming in the future of bitcoin it may or may not be the world currency but one things is sure... these cryptocurrency will take us somewhere that is beyond our human comprehension as far as new technology is concern and it slowly taking us there without even realizing it.
The real cryptocurrency market has opened up many opportunities for many investors as well as the world financial market. The strong development of the cryptocurrency market shows that this is indeed the new trend of the world and it will grow strongly in the future.
it is actually a flatform about transaction which would be buy any kind of product by bitcoin.it is a good theme to utilize money how to lead and purchase.but it is not worth it.many years ago gold was a flatform to purchase product.then it is now paper like money.thats why this will not be gonna happen.
That is very optimistic but not far from the truth. Yes Bitcoin and crypto currency is a new way to exchange for goods and services. But to say that it is the new economy and saying it will replace Fiat is absurd. Fiat has been with since the dawn of time. Taking it down will take millennias to be done. I just hope crypto and fiat will play nice.
OP clearly doesn't understand the concept of an economy because if what he said is true, then Gold would have an economy of it's own a long time ago.Bitcoin will forever remain a market and the high number of people who uses it will not change that fact.
I also think, and often write about it. I'm sure that the future is behind bitcoin and crypto currency in general, and now we are seeing a certain transition period.
We may not predict what is coming in the future of bitcoin it may or may not be the world currency but one things is sure... these cryptocurrency will take us somewhere that is beyond our human comprehension as far as new technology is concern and it slowly taking us there without even realizing it.
so we can not call that bitcoin is a new economy because not all people use bitcoin and yet even say that many people know the technology we can not even eliminate with people who do not know how to use this, another bitcoin can not run a whole country because no dollar is available from abroad and the dollar needs yoon because the world market accepts just an opinion
Yes bitcoins is the new economy, government can use cryptocurrency to improve their own economy by creating mining hardwares and allowing their own people to use cryptocurrency just like what japan is doing right now.
That is very optimistic but not far from the truth. Yes Bitcoin and crypto currency is a new way to exchange for goods and services. But to say that it is the new economy and saying it will replace Fiat is absurd. Fiat has been with since the dawn of time. Taking it down will take millennias to be done. I just hope crypto and fiat will play nice.
yes, a new economy, but great regret, the great powers do not think so and do not take the laws necessary for this. There will not be a single revolution for bitcoin until it is recognized in the world literally by all.
I think you got it wrong, Bitcoin s better off without the power of the authority. Being anonymous in our transactions makes Bitcoin a unique way of payment with a volatility in which risk is hard to get by. What's more interesting is, even without the support of the government Bitcoin still exist and made an ATH that gold did not have.
yes, a new economy, but great regret, the great powers do not think so and do not take the laws necessary for this. There will not be a single revolution for bitcoin until it is recognized in the world literally by all.
When we say economy there is a producer who produced the goods or stuff and consumer that consumed it. In bitcoin it could not be called as an economy because we only consumed no one could produced. There is only an exchange of rate, selling and buying. We can used bitcoin in reloading, paying our bills and other.
really? and what can you say about mining? well, it is true that bitcoin is not yet considered as the new economic vehicle that will soon be commercialized, not yet, but there will come a time that this dilemma will come to reality, from the year bitcoin has started up to present, we can see that it came a long way in regards to being just a digital currency, and the struggles from being banned versus being adapted is exponentially being diversified and developed. and the future is clear that bitcoin will continue to improve and adapted to major financial transactions.
I also think that people simply can not understand new technologies until they are applied in everyday life. All the new technologies caused ridicule of the majority of people, but now we use all these technologies, and those who laughed behind the times.
Not really. The Internet and smartphones are a good example. Many (elderly) people don't understand how to use these two things even though it's considered as basic knowledge these days. Some people don't understand banking and despite that, they are still using banks. The same thing will be with Bitcoin. There will be people who will use its full potential but there will also be people expecting a working product which would have to work without any problems and any issue would be Bitcoin's fault, not theirs.
I also think that people simply can not understand new technologies until they are applied in everyday life. All the new technologies caused ridicule of the majority of people, but now we use all these technologies, and those who laughed behind the times.
For this best option and best practice is to get hands on that thing. Plus, first learn better what these things are and what are they for. Because we have seen such huge accidents and miseries that happened just because people adopt new technologies and they were totally unaware of their importance and use. So that is just goodwill that people are trending towards technology. 
I also think that people simply can not understand new technologies until they are applied in everyday life. All the new technologies caused ridicule of the majority of people, but now we use all these technologies, and those who laughed behind the times.
Not really. The Internet and smartphones are a good example. Many (elderly) people don't understand how to use these two things even though it's considered as basic knowledge these days. Some people don't understand banking and despite that, they are still using banks. The same thing will be with Bitcoin. There will be people who will use its full potential but there will also be people expecting a working product which would have to work without any problems and any issue would be Bitcoin's fault, not theirs.
Bitcoin is entirely new from the traditional system that we're following right now. When the cryptocurrency is used around, slowly we can experience good through it in terms of profiting.
of course bitcoin is a new economy that will be increasingly used in the future. hence from that we know bitcoin first about bitcoin very benefited because already know how the bitcoin work.
I also think that people simply can not understand new technologies until they are applied in everyday life. All the new technologies caused ridicule of the majority of people, but now we use all these technologies, and those who laughed behind the times.
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