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Topic: Crypto currency in five years! - page 79. (Read 5374 times)

jr. member
Activity: 84
Merit: 3
March 12, 2018, 10:23:44 AM
#10
Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.

I do not know the person whose post you are quoting but I cam guarantee you that in my country all people will not be using bitcoins even in nest 100 years. I am sure this is common for all developing countries. The reason being that there are no resources or infrastructure required for this. People have access to smartphones (as they have become cheap with time) but internet is not available to everyone. Also, people are not much educated or financially aware here. I do not see this changing unless government takes some concrete steps in this direction.
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
March 12, 2018, 09:55:15 AM
#9
one thing about technologies, specially new ones is that they spread very fast. their adoption curve is usually like an S curve and in case of bitcoin this is very true. and the characteristics of an S curve for adoption is that it is pretty slow at first (like the past 9 years) then it slowly speeds up and finally becomes so rapid that it reaches its final stage in a very short time hence creating the vertical part of the S curve.
hero member
Activity: 980
Merit: 509
March 12, 2018, 09:47:29 AM
#8
Cryptocurrency in five years the value will be increase, growing fast, many new investors, some company use cryptocurrency for transactions etc.
I hope in five years later cryptocurrency will can accepted in some country and legalized it. And bitcoin still market leaders in crytocurrency.
member
Activity: 266
Merit: 10
March 12, 2018, 05:53:26 AM
#7
I don't think everybody will accept bitcoin in the next five years. The real problem is the government, regulators, and the bank. Instead of embracing blockchain technology, they have to protect their traditional system for "small" profit.
member
Activity: 392
Merit: 10
March 12, 2018, 05:47:40 AM
#6
The cost of digital encryption is high, and it is subject to exchange, national taxes, quantitative restrictions, and price fluctuations!

I think it's hard to change people's pay tubes in five years!
newbie
Activity: 1
Merit: 0
March 12, 2018, 03:38:33 AM
#5
Following this.
hero member
Activity: 1372
Merit: 503
March 12, 2018, 03:38:12 AM
#4
Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.

For me, i don’t think that in 5 years we would have progressed as a world to be able to integrate bitcoin then we would all be dependent on it. I think that bitcoin still is a work in progress and the number of countries and regions that can really access and integrate it are but just a handful and everyone else that are utilizing it is just for a trial run. That is how I view that in 5 years we might have progressed further and further but completely not to the point where we are that complete
full member
Activity: 293
Merit: 100
March 12, 2018, 03:34:25 AM
#3
Yeah it does have power to transform the world with its blocks but Draper forgetting one thing that government itself is against the whole idea of the bitcoin and crypto currency. They might be interested in the blockchain technology and I agree on that completely but I don't think that they will be interested in the crytpo currency at all. That would be the point where we will loose the hope of transformation if government keeps saying no to all.

The web concept is different thing. It was first hub which got accepted by everyone and it was completely white one so nobody really had problems. But in the crypto industry propel are jealous about how poor people are getting rich and how we don't need to struggle much here. So I'm pretty sure that there will be lots of obstruction in the whole idea. But fingers crossed for drapers assumption.
Bitcoin in five years really do have a transformation of developement and improvement on how it works and helps many more people for their living. Bitcoin in five years will be more famous and useful for everybody. If every people really do their best and if they are hardworking then they might get rich for the coming five years.
sr. member
Activity: 588
Merit: 257
March 12, 2018, 03:30:37 AM
#2
Yeah it does have power to transform the world with its blocks but Draper forgetting one thing that government itself is against the whole idea of the bitcoin and crypto currency. They might be interested in the blockchain technology and I agree on that completely but I don't think that they will be interested in the crytpo currency at all. That would be the point where we will loose the hope of transformation if government keeps saying no to all.

The web concept is different thing. It was first hub which got accepted by everyone and it was completely white one so nobody really had problems. But in the crypto industry propel are jealous about how poor people are getting rich and how we don't need to struggle much here. So I'm pretty sure that there will be lots of obstruction in the whole idea. But fingers crossed for drapers assumption.
newbie
Activity: 81
Merit: 0
March 12, 2018, 03:24:26 AM
#1
Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.
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