Future money! - page 4. | Bitcointalksearch.org

taufik0911

full member

Activity: 1274

Merit: 104

HEX: Longer pays better

Quote from: ?? on ??

Bitcoin is the currency of the future but for now we can also make transactions with bitcoin, even though at this time bitcoin is not fully used as a means of payment but we can make buying and selling transactions using bitcoin in several applications that accept payments using bitcoin.

I think bitcoin is not the currency of the future but the bitcoin system or blockchains is the future financial system where it is very likely that the physical currency will be shifted or replaced with digital currency that has higher security will be lost, hacked etc.
my opinion does not rule out the possibility that bitcoin will become an international currency replacing the current USD

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: BuNga_cute on July 15, 2021, 07:15:41 AM

Quote from: suryana on July 15, 2021, 06:58:25 AM

Quote from: KingsDen on July 14, 2021, 06:55:39 AM

Quote from: rosenbauer02 on July 14, 2021, 06:07:55 AM

We had been already having enough the issues of centralized currency. Banks made abuses of their clients which is a complete difference when using bitcoin as decentralized currency. Whether they like it or not people will always chose what's best for them and that bitcoin is worth it to try.

Most times when we discuss bitcoin as future money, we always do so in biase. To put the facts straight. Bitcoin is presently a currency or money.
Secondly, can we stop envisaging a scenario where BTC will eliminate fiat or fiat eliminates BTC. These two are not in any war. They can co-exist, they can complement each other, we may have need of them in different times.
If Dollar existence does not threaten Euro or pounds, BTC existence should also not threaten Euro or Pounds, nor any other altcoins.
We don't pray for monopoly, it's no man's friend.

yes it is true what you say. Stop arguing that bitcoin is a substitute for money because in reality they are not competing. They have their own values and needs. They can continue to grow side by side without eliminating any of them. So why do we have to worry about being the winner among them.

I also really hope that Bitcoin and fiat can co-exist, because they are really needed, so I agree that they are not competing. Actually, the thought
emerged that Bitcoin would replace fiat, it was just the government's fear of not being able to control Bitcoin. Even though Bitcoin was created
from the start not to replace fiat, but as an alternative to fiat. So there really is no competition between fiat and Bitcoin.

I really believe that this will happen since bitcoin already evolve so much thru the years so expect that financial institution will slowly see its potential so its really not surprising to see this co-existence or collaboration towards the two what we can call giants in economical aspects. But for now just expect that this is a long journey for bitcoin to be notice as a good currency by government since bitcoin still have bad impression towards them and maybe its hard for them to trust this while the volatility is so fast moving.

BuNga_cute

full member

Activity: 1736

Merit: 116

Quote from: suryana on July 15, 2021, 06:58:25 AM

Quote from: KingsDen on July 14, 2021, 06:55:39 AM

Quote from: rosenbauer02 on July 14, 2021, 06:07:55 AM

We had been already having enough the issues of centralized currency. Banks made abuses of their clients which is a complete difference when using bitcoin as decentralized currency. Whether they like it or not people will always chose what's best for them and that bitcoin is worth it to try.

Most times when we discuss bitcoin as future money, we always do so in biase. To put the facts straight. Bitcoin is presently a currency or money.
Secondly, can we stop envisaging a scenario where BTC will eliminate fiat or fiat eliminates BTC. These two are not in any war. They can co-exist, they can complement each other, we may have need of them in different times.
If Dollar existence does not threaten Euro or pounds, BTC existence should also not threaten Euro or Pounds, nor any other altcoins.
We don't pray for monopoly, it's no man's friend.

yes it is true what you say. Stop arguing that bitcoin is a substitute for money because in reality they are not competing. They have their own values and needs. They can continue to grow side by side without eliminating any of them. So why do we have to worry about being the winner among them.

I also really hope that Bitcoin and fiat can co-exist, because they are really needed, so I agree that they are not competing. Actually, the thought
emerged that Bitcoin would replace fiat, it was just the government's fear of not being able to control Bitcoin. Even though Bitcoin was created
from the start not to replace fiat, but as an alternative to fiat. So there really is no competition between fiat and Bitcoin.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Of course bitcoin is a future money, the concept is futuristic already. No physical contact of the money, and everything is electronic and it is utilize the modern technology, I think that there's no better reason to call bitcoin a future money. Not to mention that it's also a key liberation tool for many people to achieve financial freedom.

suryana

sr. member

Activity: 1218

Merit: 254

Trphy.io

Quote from: KingsDen on July 14, 2021, 06:55:39 AM

Quote from: rosenbauer02 on July 14, 2021, 06:07:55 AM

We had been already having enough the issues of centralized currency. Banks made abuses of their clients which is a complete difference when using bitcoin as decentralized currency. Whether they like it or not people will always chose what's best for them and that bitcoin is worth it to try.

Most times when we discuss bitcoin as future money, we always do so in biase. To put the facts straight. Bitcoin is presently a currency or money.
Secondly, can we stop envisaging a scenario where BTC will eliminate fiat or fiat eliminates BTC. These two are not in any war. They can co-exist, they can complement each other, we may have need of them in different times.
If Dollar existence does not threaten Euro or pounds, BTC existence should also not threaten Euro or Pounds, nor any other altcoins.
We don't pray for monopoly, it's no man's friend.

yes it is true what you say. Stop arguing that bitcoin is a substitute for money because in reality they are not competing. They have their own values and needs. They can continue to grow side by side without eliminating any of them. So why do we have to worry about being the winner among them.

rosenbauer02

member

Activity: 211

Merit: 80

L0tt0.com

Quote from: Xinarae* on July 15, 2021, 05:18:54 AM

Printing Bitcoin is a very good decision but no one can control bitcoin is decentralized bitcoin will also attract investment in the country. If only 1% of the total BTC supply goes to El Salvador, it will increase the economic output of the country by about 25% to this end the country's structures are working to optimize the crypto business and provide instant permanent housing for crypto entrepreneurs. We hope this decision is just the beginning of a place where some of the top innovators can potentially imagine the future of financial aid to billions of people around the world.

Sound good to me as well printing bitcoin physical money. I think there could also be denomination like the physical money because it is too much to own a bitcoin in a single paper when it will become vulnerable to physical damage. However, the possibility will going to have more bitcoin losses because physical money are always vulnerable to environmental hazards.

Xinarae*

sr. member

Activity: 1414

Merit: 326

Printing Bitcoin is a very good decision but no one can control bitcoin is decentralized bitcoin will also attract investment in the country. If only 1% of the total BTC supply goes to El Salvador, it will increase the economic output of the country by about 25% to this end the country's structures are working to optimize the crypto business and provide instant permanent housing for crypto entrepreneurs. We hope this decision is just the beginning of a place where some of the top innovators can potentially imagine the future of financial aid to billions of people around the world.

zanezane

full member

Activity: 868

Merit: 150

★Bitvest.io★ Play Plinko or Invest!

Quote from: randegibran on July 14, 2021, 11:47:00 PM

with the adoption of several countries this would be very good for bitcoin to print directly as money in the form of buying and selling transactions that are used in everyday life to strengthen bitcoin in stock market prices and can be reused for a very long time as happened with paper money and its benefits can be felt directly by all those in the crypto world today, I think that is the only way to make this happen

Well too bad that this several countries aren't pretty influential in the international stage which makes their success in making bitcoin a big thing only a domestic success. I think that there's still a long way to go for bitcoin to do before they can do anything else because the community is still small in my opinion.

zhelis74

full member

Activity: 510

Merit: 102

Quote from: bittraffic on July 15, 2021, 01:05:38 AM

Decentralization I guess is enough reason why we should engage in Bitcoin.

El Salvador had taken it seriously when it comes to Bitcoin as future money. Look at them now as they've declared BTC as legal tender and had tried also airdropping BTC to millions of their citizen. It looks like BTC is going to make the country independent as they are also preparing to go Bitcoin mining through the Thermal Energy from their Volcano.

By now most people is in favor of using crypto currency for being a decentralize system since no direct central control and no miscellaneous taxation collected. But I think most of government are hesitant of using crypto currency it has big impact of their existing economics standing unless it will totally accepted and make some arrangement that taxation can't be affected like buying for goods and services.

bittraffic

hero member

Activity: 3038

Merit: 617

Decentralization I guess is enough reason why we should engage in Bitcoin.

El Salvador had taken it seriously when it comes to Bitcoin as future money. Look at them now as they've declared BTC as legal tender and had tried also airdropping BTC to millions of their citizen. It looks like BTC is going to make the country independent as they are also preparing to go Bitcoin mining through the Thermal Energy from their Volcano.

davis196

hero member

Activity: 3150

Merit: 937

Let me remind you that most of the countries around the world are neutral towards Bitcoin and crypto.
Don't try to make FUD posts,based on the few countries,that are anti-Bitcoin.
You are writing that the "government is trying to slow down Bitcoin".Which government?Can you be more specific?Is it the US government or the Chinese government?There are 220 governments around the world.
Do you mean that KYC is slowing down Bitcoin adoption?Well,KYC is mandatory for all financial services.
You have to be ID verified,when you open a bank account or a FOREX trading account.Does that mean that KYC is slowing down fiat currencies as well?

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

There is this general misconception that Bitcoin has to replace all Fiat currencies and that Satoshi Nakamoto created this technology to replace Fiat currencies. This is wrong, Satoshi Nakamoto created a "Alternative" currency for people to have a second option or an alternative option to the current Fiat system.

He gave us the freedom to choose what currency we want to use, giving us the option to rather use Bitcoin ..if the Fiat system has flaws that Bitcoin solved. (Things like avoiding centralized control over our wealth or the misuse of power and even corrupt Banking practices) Wink

clint25n

sr. member

Activity: 840

Merit: 250

we all know that there.are still many people who hate bitcoin which brings.change in a short time, especially among.economists but we believe there.are still many people who are still very optimistic in the world of cryptocurrencies.More and more are flocking.to do business in the crypto world because of them. believe that this business provides.them with transparent.results that allow them to see firsthand.the process of rising and falling prices

randegibran

sr. member

Activity: 882

Merit: 252

with the adoption of several countries this would be very good for bitcoin to print directly as money in the form of buying and selling transactions that are used in everyday life to strengthen bitcoin in stock market prices and can be reused for a very long time as happened with paper money and its benefits can be felt directly by all those in the crypto world today, I think that is the only way to make this happen

MinoRaiola

legendary

Activity: 2310

Merit: 1848

Quote from: rosenbauer02 on July 14, 2021, 06:07:55 AM

So why bitcoin as future money?

Independence.

Money is one of the most important things in society. You get power with more money, or vice versa. That means that the current mighty people have to accept a change. The vision is electronic money. The currency experiments will get stronger in the next few years, one of which will be cryptocurrency.

ninkdwi

member

Activity: 364

Merit: 14

I feel this is suitable to be used as a replacement option or an alternative to fiat and basically to be an alternative to bitcoin is the most suitable for now because in addition to decentralized bitcoin I also think it is promising in the future. but to replace I think this can not be realized. because there are several factors that do not support this, one of which is crypto, especially bitcoin, this is volatile and it is very difficult to predict which direction it will move so I don't think it is very suitable if bitcoin replaces fiat

rosenbauer02

member

Activity: 211

Merit: 80

L0tt0.com

Quote from: Charles-Tim on July 14, 2021, 06:29:10 AM

You are right. But many people are now leaving their Bitcoin on centralized exchanges which are subjected to central control, depriving centralized service users of the freedom. Many people nowadays do not know what private key is even all about because all they are using is centralized services. But the fact still remain not you key not your coin.

Having centralized exchanges for me might be considered as minimal problem of cryptocurrency. Well, centralized currency are working good and that many users love to use as well. As what you have said, there might be a little bit complications when using centralized exchanges but so far big news coming out from those exchanges that accounts that has been put to hold are those accounts or users which believe to be scammer or hacker. Hold accounts will then be subject for investigation and will eventually release once all problem in the account will be resolve.

Raflesia

hero member

Activity: 2282

Merit: 560

_""""Duelbits""""_

Quote from: Ararbermas on July 14, 2021, 08:54:49 AM

Quote from: rosenbauer02 on July 14, 2021, 06:07:55 AM

Again, government trying to slow down bitcoin and other cryptocurrency but they can't stop people having faith in the future money which is currently happening now in the present.

Am I right? What do you think?

yup, even though they're against, it's still impossible to take it down as long as there's a million of people believing that cryptocurrency is a future money., indeed even before it's a big issue for them. But see crypto still alive and despite it shown a big improvement in the market since 2017 until now. So how much more in the future?. For me believe no matter what government trying to with crypto they can't destroy it because it has a strong support. And infact if it's possible that they can slow down crypto maybe it already happened, wherein that time crypto market isn't huge like this in my opinion.

Bitcoin will be a big shield in the future with a strong hope that it will not be controlled by the government, I know before that the government did not want bitcoin to become future money that is widely used, there will still be evidence of more and more circulation even now all over the world almost holding bitcoin out of control by any government.

Until now the market capitalists have become big, money has become strong because of bitcoin, will this be a reference that the government is jealous of this decentralized bitcoin? so for me in the future bitcoin will be more powerful in society.

Shenzou

sr. member

Activity: 1400

Merit: 283

Well it is true that there are some countries that are against bitcoin and crypto, due to the fact that they are unable to control it and manage the transactions that are happening so the easiest option for them is to ban them, and some others know that you can't stop progress and eventually crypto will be used by everyone and that is why they are adapting it and accepting it, and that is the first step, but in my opinion the whole point of crypto is to have freedom so having a centralized crypto that is controlled by the government is contradictory to the whole point.

ropyu1978

hero member

Activity: 1904

Merit: 510

if we look at the history of bitcoin, the possibility of becoming a currency in the future is wide open, even though we know there will be many obstacles, and prohibitions from influential people, and prohibitions from the government, but the history of bitcoin has proven that it crawled from zero , until it is known by all countries and the world .. now bitcoin has become a field to generate coffers of money ..

Topic: Future money! - page 4. (Read 587 times)