Future of Bitcoin Economics - page 28.

bitbob82

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Quote from: andrei56 on May 16, 2017, 09:20:12 PM

Quote from: mrcash02 on May 13, 2017, 11:06:27 PM

Quote from: notyours on May 13, 2017, 10:37:34 PM

Quote from: jovs on May 06, 2017, 11:40:04 PM

Quote from: BlackPanda on June 18, 2016, 09:46:31 AM

yes all depends on bitcoin users. bitcoin used more and more in this life then the better the future of bitcoin in the world. bitcoin depends on the strength of people in this world.

I gotta say now there are so many peopla using bitcoins from different countries. Different people, different users, diifferent strategies and ideas how they used and manage their own bitcoins. I can see that someday in the future bitcoin will be really succesful because of it's users.

It is true that a lot of countries especially big ones happens to be recognizing and legalizing Bitcoin but can it cope up with the demands like what we are facing now which there are a lot of unconfirmed transactions happening. If this issue is solved and upgrade the services it offers then it is in no doibt that Bitcoin's future is bright ahead.

Without the transactions confirmation delay issue solved it's worthless to have many people using BTCs. The experience when using it won't be positive and Bitcoin can have negative feedbacks from many users, it's not good for the future of Bitcoin. Better to stay with the currently amount of users for now and when this problem be solved, the mass adoption can start without worries.

The problem is that bitcoin is not a product in the traditional sense, when you cannot meet the demand of the public you can suspend your ads, build more factories and stuff like that but we cannot do anything like that with bitcoin, if people start to adopt bitcoin there is nothing to do to stop them.

Well this is not actually the problem this is the strength of the bitcoin. The bitcoin inventor was well aware of this and the reason that a single bitcoin consists of 100,000,000 satoshi is that in the future it will not be possible for many to get even a single Bitcoin because of its price in the market therefore people will keep satoshi’s. this is the strength my dear.

bncbnc

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Quote from: andrei56 on May 16, 2017, 09:20:12 PM

Quote from: mrcash02 on May 13, 2017, 11:06:27 PM

Quote from: notyours on May 13, 2017, 10:37:34 PM

Quote from: jovs on May 06, 2017, 11:40:04 PM

Quote from: BlackPanda on June 18, 2016, 09:46:31 AM

yes all depends on bitcoin users. bitcoin used more and more in this life then the better the future of bitcoin in the world. bitcoin depends on the strength of people in this world.

I gotta say now there are so many peopla using bitcoins from different countries. Different people, different users, diifferent strategies and ideas how they used and manage their own bitcoins. I can see that someday in the future bitcoin will be really succesful because of it's users.

It is true that a lot of countries especially big ones happens to be recognizing and legalizing Bitcoin but can it cope up with the demands like what we are facing now which there are a lot of unconfirmed transactions happening. If this issue is solved and upgrade the services it offers then it is in no doibt that Bitcoin's future is bright ahead.

Without the transactions confirmation delay issue solved it's worthless to have many people using BTCs. The experience when using it won't be positive and Bitcoin can have negative feedbacks from many users, it's not good for the future of Bitcoin. Better to stay with the currently amount of users for now and when this problem be solved, the mass adoption can start without worries.

The problem is that bitcoin is not a product in the traditional sense, when you cannot meet the demand of the public you can suspend your ads, build more factories and stuff like that but we cannot do anything like that with bitcoin, if people start to adopt bitcoin there is nothing to do to stop them.

Yes this is a generation change issue; if you conduct a survey for the users of the Bitcoin age you will find that mostly young people are involved in it. The technological revolutions when happen they identify the generation gap and the generation change.

carlerha

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Quote from: shane on May 14, 2017, 08:11:22 PM

today we can see many people talking about bitcoin payment, because last ransomware use bitcoin to get the key to open the lock file.
With this phenomenon people will know how bitcoin work and im sure more people interesting to use it, Regardless of their purpose Roll Eyes

if people found bitcoin price chart, im sure more people will use bitcoin for investment in future Cheesy

Well yeah I agree and this is what happening currently. More and more people are investing in the bitcoin by looking at the price chart of it and they find it a secure and profitable investment than any of the other at the moment. This is also one of the main reasons on the bitcoin increasing users.

MMA

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Quote from: freedomgo on May 15, 2017, 12:49:27 AM

Quote from: umbara ardian on May 15, 2017, 12:11:26 AM

yes. I also think that way. The more bitcoin users the better the bitcoin future in the world.

We will reach that level, there are a good number of users already for now and it's growing, I don't think this will stop without any bad news that will happen. The future is bright as per my prediction, I have a lot of basis why it will be successful, the first one is its limited supply and if it will trigger a bigger demand the price will rise substantially.

yes that is a fact that the number of bitcoin users are increasing from time to time, and we are not expecting any bad new about bitcoin. i am hopeful that bitcoin will continue its progress without any hurdle, the price of bitcoin is continuously increasing that is all because of the increasing number of bitcoin users, which is causing the increase in the value of bitcoin.

yrreg ger

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Quote from: escrowboy on June 20, 2016, 08:02:43 AM

Quote from: dpcj on June 18, 2016, 06:00:56 AM

Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.

It is depende on the demand of how many people will use it. Add the circulation of the currency cause once the circulation is gone thats the time the price will drop.

You have a point, bitcoin future depends on how many people use this and also the benefits that will gave especially in the investor who join and invest to increase the supply and demand of bitcoin.

It will become more popular around the world like dollar, they will also use by other countries being a number one business. Because all of this can do by bitcoin.
And for the people who earn a bitcoin they will become popular because this is will earn around the world unlike others that earn in there own country.

Quli

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As for bitcoin I don't know but I've read about economic problems, it's interesting - http://planetaryproject.com/global_problems/economic/

MarconyGL

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I think bitcoin will become the most important electronic currency in the world, which will improve over time and operations will be very fast.

meliodas

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Quote from: DrGuns4Hands on May 14, 2017, 06:19:09 AM

Well, accurate! Many countries intending to adopt already that cryptocurrency, cryptocurrency is accelerating, demand as high, manipulator are increasing and by this Bitcoin Economy makes grow up. A lot of countries are happens to legalized and accepting cryptocurrency because maybe they think that it would be the future.

I see the future of Bitcoin economics as a huge one that would influence also the economy of different countries all over the world by the help of the people that see Bitcoin as a great thing to have and they surely will.

andrei56

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Quote from: mrcash02 on May 13, 2017, 11:06:27 PM

Quote from: notyours on May 13, 2017, 10:37:34 PM

Quote from: jovs on May 06, 2017, 11:40:04 PM

Quote from: BlackPanda on June 18, 2016, 09:46:31 AM

yes all depends on bitcoin users. bitcoin used more and more in this life then the better the future of bitcoin in the world. bitcoin depends on the strength of people in this world.

I gotta say now there are so many peopla using bitcoins from different countries. Different people, different users, diifferent strategies and ideas how they used and manage their own bitcoins. I can see that someday in the future bitcoin will be really succesful because of it's users.

It is true that a lot of countries especially big ones happens to be recognizing and legalizing Bitcoin but can it cope up with the demands like what we are facing now which there are a lot of unconfirmed transactions happening. If this issue is solved and upgrade the services it offers then it is in no doibt that Bitcoin's future is bright ahead.

Without the transactions confirmation delay issue solved it's worthless to have many people using BTCs. The experience when using it won't be positive and Bitcoin can have negative feedbacks from many users, it's not good for the future of Bitcoin. Better to stay with the currently amount of users for now and when this problem be solved, the mass adoption can start without worries.

The problem is that bitcoin is not a product in the traditional sense, when you cannot meet the demand of the public you can suspend your ads, build more factories and stuff like that but we cannot do anything like that with bitcoin, if people start to adopt bitcoin there is nothing to do to stop them.

Limbor

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Quote from: Przemax on May 16, 2017, 08:29:13 AM

The generations change and what was unthinkable 10 years ago is reality now.

Printed money could not work within the illiterate society. That society would not believe the paper can be worth anything.

The society that doesn't have the computers couldn'y believe in digital money.

The society that does not have the economical information about the nature of money can not believe in bitcoins. That kind of society would still think that their digits on the bank are more real than the bitcoins that are transaction based proven.

Its a gradual process of transforming the financial system that is based on the knowledge of its users.

I can not understand much from the current situation, but bitcoin really beats all records of its prices in the market. I'm interested in how bitcoin could influence the economy of my country.

Przemax

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The generations change and what was unthinkable 10 years ago is reality now.

Printed money could not work within the illiterate society. That society would not believe the paper can be worth anything.

The society that doesn't have the computers couldn'y believe in digital money.

The society that does not have the economical information about the nature of money can not believe in bitcoins. That kind of society would still think that their digits on the bank are more real than the bitcoins that are transaction based proven.

Its a gradual process of transforming the financial system that is based on the knowledge of its users.

sotoshihero

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Quote from: Yanisumin on May 15, 2017, 07:34:41 PM

Quote from: Theb on April 28, 2017, 02:05:39 PM

If you are thinking of mass adoption = to higher demand than you are right. Because mass adoption can really generate a new demand that Bitcoin is yet to experience. The price will considerably go up because the higher the demand will get the higher the proce will Bitcoin have. With that being said Bitcoin is still yet to mine all of the Bitcoin out there, until then we may now say Bitcoin has a limited supply to match the increasimg demand.

1 BTC = 10^8 satoshis = 100,000,000 satoshis
The estimated world population in 2017 is 7.5 billion
So 7.5 bitcoin is enough to give everyone 1 satoshi
According to survey : As of 6 February 2016, there are 15.2 million bitcoins circulation of a capped total of 21 million.
15.2 million BTC divided by 7.2 equals 2026666.667 BTC
2026666.667 satoshis can be given to every individual
lets say bitcoin's price is about 10 million dollars....
What Im trying to say is Bitcoin is enough to sustain the exchanges and demand of the current fiat system.

Yes, bitcoin is really sustainable and as of now it has already a market capitalization equivalent to $28 Billion dollars. The future of bitcoin is really exciting and there are still more room for growth. It is not still too late own in my opinion.

Yanisumin

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Quote from: Theb on April 28, 2017, 02:05:39 PM

If you are thinking of mass adoption = to higher demand than you are right. Because mass adoption can really generate a new demand that Bitcoin is yet to experience. The price will considerably go up because the higher the demand will get the higher the proce will Bitcoin have. With that being said Bitcoin is still yet to mine all of the Bitcoin out there, until then we may now say Bitcoin has a limited supply to match the increasimg demand.

1 BTC = 10^8 satoshis = 100,000,000 satoshis
The estimated world population in 2017 is 7.5 billion
So 7.5 bitcoin is enough to give everyone 1 satoshi
According to survey : As of 6 February 2016, there are 15.2 million bitcoins circulation of a capped total of 21 million.
15.2 million BTC divided by 7.2 equals 2026666.667 BTC
2026666.667 satoshis can be given to every individual
lets say bitcoin's price is about 10 million dollars....
What Im trying to say is Bitcoin is enough to sustain the exchanges and demand of the current fiat system.

Wintersoldier

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Quote from: BitcoinSupremo on June 18, 2016, 09:26:19 AM

Actually the future is pretty predictable, the history is showing bitcoin has made giant steps considering that is only 7 years old. I think bitcoin will keep going this way and many of us here think it will bitcoin will have a bright future so the future of bitcoin Economics will be great , no need to worry of it, bitcoin will be without a doubt toward a bright future. Investment in bitcoin as a store of value is great.

Bitcoin Indeed have a good future ahead. As you said bitcoin is just past its 7 years and look the development its brings to its transaction and security. And more wallet is yet to develop, I think the development of technology may also help bitcoin to upgrade and to get into economic more because it always follows the principle of law of price and demand where it price move along the support of the community develops. So it is directly proportional to the development of the technology and to its popularity for the community to support. Investment is sure the main purpose of bitcoin because its price is its number one asset to the market and economy.

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Quote from: shane on May 14, 2017, 08:11:22 PM

today we can see many people talking about bitcoin payment, because last ransomware use bitcoin to get the key to open the lock file.
With this phenomenon people will know how bitcoin work and im sure more people interesting to use it, Regardless of their purpose Roll Eyes

if people found bitcoin price chart, im sure more people will use bitcoin for investment in future Cheesy

People who are more interested on the chart are investors and we do not want to have more of them otherwise there will be no spending or circulation that will happen, we want massive adoption so there will be more bitcoins will be circulated which will define a healthy economy.

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Quote from: umbara ardian on May 15, 2017, 12:11:26 AM

yes. I also think that way. The more bitcoin users the better the bitcoin future in the world.

We will reach that level, there are a good number of users already for now and it's growing, I don't think this will stop without any bad news that will happen. The future is bright as per my prediction, I have a lot of basis why it will be successful, the first one is its limited supply and if it will trigger a bigger demand the price will rise substantially.

umbara ardian

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yes. I also think that way. The more bitcoin users the better the bitcoin future in the world.

shane

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today we can see many people talking about bitcoin payment, because last ransomware use bitcoin to get the key to open the lock file.
With this phenomenon people will know how bitcoin work and im sure more people interesting to use it, Regardless of their purpose Roll Eyes

if people found bitcoin price chart, im sure more people will use bitcoin for investment in future Cheesy

Theb

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Quote from: DrGuns4Hands on May 14, 2017, 06:19:09 AM

Well, accurate! Many countries intending to adopt already that cryptocurrency, cryptocurrency is accelerating, demand as high, manipulator are increasing and by this Bitcoin Economy makes grow up. A lot of countries are happens to legalized and accepting cryptocurrency because maybe they think that it would be the future.

Wirhout a doubt that Bitcoin's demand will surely rise because BItcoin has not even tap 10% of the world's population and yet a lot of countries are willing to accept Bitcoin as a kind of payment which will surely help its demand to rise. The only problem is the higher the demand the higher the price manipulation will be because a lot of them will clearly follow the big player.

DrGuns4Hands

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Well, accurate! Many countries intending to adopt already that cryptocurrency, cryptocurrency is accelerating, demand as high, manipulator are increasing and by this Bitcoin Economy makes grow up. A lot of countries are happens to legalized and accepting cryptocurrency because maybe they think that it would be the future.

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