Topic: Can bitcoin become the currency of the people and replace money. - page 3. (Read 3894 times)
I hope Bitcoin become very strong for next several years, mostly as result of difficulty increase, attract investors, followers and become more user friendly for usual shops ! !!
IMO only revolution or total banks crash could force average "normal" people to commonly use bitcoin. Without that it will be interesting thing for some geeks and blackmarketers.
Bitcoin ~= Linux imo. In all the visible markets it'll just be its own dedicated group of hippies - even in a revolution normal people will just stockpile gold, guns and food first - but slowly and quietly it will take over more professional markets like international money transfer and financial applications one by one, and in 15 years' time we'll all be using Bitcoin without even realizing it.
I'm afraid that governments won't let spread bitcoin too much. No control = evil = terrorist etc.
Professional markets will ruin it like it killed everything else...
IMO only revolution or total banks crash could force average "normal" people to commonly use bitcoin. Without that it will be interesting thing for some geeks and blackmarketers.
Bitcoin ~= Linux imo. In all the visible markets it'll just be its own dedicated group of hippies - even in a revolution normal people will just stockpile gold, guns and food first - but slowly and quietly it will take over more professional markets like international money transfer and financial applications one by one, and in 15 years' time we'll all be using Bitcoin without even realizing it.
I sure hope so!
Remember that "normal" people can use bitcoin as a tool to avoid their fiat currency's inflation - so I see scenarios where countries that go to quantitative easing or heavy money printing actually push smart people to gold, bitcoin and such, with bitcoin being easier to handle than gold...
IMO only revolution or total banks crash could force average "normal" people to commonly use bitcoin. Without that it will be interesting thing for some geeks and blackmarketers.
I personally hope that Bitcoin will succeed in the future. All we need is a critical number of people willing to risk their money in order break free from the chains of the governments. Bitcoin need not replace the current system. What it needs is to gain a status equal to those of other currencies.
I personally don't think bitcoins may become so big.
It is designed not to be used by everyone.
But I think your idea is pretty good, I'm a programmer but don't feel like joining any project.
But if you need any help or an answer feel free to ask
It is designed not to be used by everyone.
But I think your idea is pretty good, I'm a programmer but don't feel like joining any project.
But if you need any help or an answer feel free to ask
i just started learning about bitcoin , but remeber someone saying it may become as big as the money system.
This is pretty funny. It reminds me of some comments made on a mp3 forum about 15 years ago, where people were debating whether non-techies would ever download music.
@Stephen: Thank you for the links above. I just spent several hours reading.
You do know it is stupid to say that something has a limit ? They way you say it as if you decided you willl make 1000 eur / month. But will not take higher salary.
You lost me there. Are you saying that you believe the issuance rate in the Bitcoin protocol will be altered in some way (e.g.,. made to go higher?)
how important is that money must be equally created by the people NOT few FAMILIES
Well, nearly half of all bitcoins that will ever be issued have been created already, with another 25% created a little over the next four years, and the remaining over the decades that follow.
There is little seigniorage with bitcoin, so there is no transfer of wealth by fiat, instead it is earned by those mining operators who are more efficient than their peers and by those who speculated and profited as the value rises.
There have been attempts at alternative currency systems closer to what you are hoping for, but they have not had much success. For instance, the Occcu might be closer to what you are describing:
- http://www.bitcoinmoney.com/post/17199295201
There have been a couple of thread recently describing how Bitcoin might interact with a similar "social currency", LETS:
- https://bitcointalksearch.org/topic/lets-plus-local-community-currencys-and-bitcoin-81500
And some others:
- http://socialcompare.com/en/comparison/alternative-currencies-monetary-systems
Thanks for the links.
You do know it is stupid to say that something has a limit ? They way you say it as if you decided you willl make 1000 eur / month. But will not take higher salary.
Also not issuing more of currency doesnt mean it is not operating well...
Everytime the government prints money they are stealing from you. So anything other is better
how important is that money must be equally created by the people NOT few FAMILIES
Well, nearly half of all bitcoins that will ever be issued have been created already, with another 25% created a little over the next four years, and the remaining over the decades that follow.
There is little seigniorage with bitcoin, so there is no transfer of wealth by fiat, instead it is earned by those mining operators who are more efficient than their peers and by those who speculated and profited as the value rises.
There have been attempts at alternative currency systems closer to what you are hoping for, but they have not had much success. For instance, the Occcu might be closer to what you are describing:
- http://www.bitcoinmoney.com/post/17199295201
There have been a couple of threads recently describing how Bitcoin might interact with a similar "social currency", LETS:
- https://bitcointalksearch.org/topic/lets-plus-local-community-currencys-and-bitcoin-81500
And some others:
- http://socialcompare.com/en/comparison/alternative-currencies-monetary-systems
I feel that delay due to confirmation is pretty significant delay. I would often like my payments to finish
instantaneously instead of waiting for half an hour or so. Are there reliable work-arounds for this problem?
I know about online wallets and mtgox but as I understand both sides of the transaction need to have the
account on the service and it removes many of advantages from decentralization...
instantaneously instead of waiting for half an hour or so. Are there reliable work-arounds for this problem?
I know about online wallets and mtgox but as I understand both sides of the transaction need to have the
account on the service and it removes many of advantages from decentralization...
I personally don't think bitcoins may become so big.
It is designed not to be used by everyone.
But I think your idea is pretty good, I'm a programmer but don't feel like joining any project.
But if you need any help or an answer feel free to ask
It is designed not to be used by everyone.
But I think your idea is pretty good, I'm a programmer but don't feel like joining any project.
But if you need any help or an answer feel free to ask
i just started learning about bitcoin , but remeber someone saying it may become as big as the money system. I will keep reading but projects like that are needed for break out from slavery.
I am mostly listening to independent news ( youtube, alex jones ) and I am what they call "woken up" . People are waking UP to the selfish monetary system !!!!
Still need to learn about Bitcoin but again I think for it to become a true replacement of the monetary system IT MUST ADDRESS all drawbacks of the private monetary system. Otherwise not enough people will support it. The average Jo on Youtube now understands the shit that has been going on! ( Youtube Fractional Banking if you need to learn more )
I personally don't think bitcoins may become so big.
It is designed not to be used by everyone.
But I think your idea is pretty good, I'm a programmer but don't feel like joining any project.
But if you need any help or an answer feel free to ask
It is designed not to be used by everyone.
But I think your idea is pretty good, I'm a programmer but don't feel like joining any project.
But if you need any help or an answer feel free to ask
I am just starting with bitcoin but hoping people can realize how important is that money must be equally created by the people NOT few FAMILIES
I support:
Networking of ways to promote bitcoin to become people owned currency and link it to offline real resources such as production , energy , food.
We must create an ALTERNATIVE to the private banking system otherwise we are all slaves of it.....
I can help organize agents into intermediaries between the online system and offline prdocution means.... if manage to link this people' currency to offline resources ... we will be creating a real exchange value system.
NOTE: I am not yet familiar with the workings of bitcoin and I am not sure If I will end up supporting it. IT MUST BE A REAL OPPOSITE TO the private banking system , that is the only thing I will support .
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MAGENTO Programmers wanted ! I cant post yet in the programming forum .... ( can i please ? )
but ... i need a programmer to create a Bitocoin support for the online services selling venture at fixxi.net I know there is some plugin already buy I need analytical / etc consultation on this. I want to support bitcoin but facilitating services exchange using bitcoin !!!!
Really excited about this !!!
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