Topic: Future of Bitcoin Economics - page 30. (Read 34336 times)

Quote from: MingLee on April 27, 2017, 09:29:19 PM

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

Yeah your right we don't know what will happen with bitcoin in the future but im sure more adoption will come with bitcoin we can not predict how much the price of bitcoin because many people are still afraid using bitcoin.. but many stores right now are accepting bitcoin as payment..
So i think bitcoin has a great future..

Yes your right the bitcoin has a great future because many use it for other transaction. Since bitcoin is a great market trading it will become more popular because you can earn a profit with the use of bitcoin.

Business man use it for as investment or use it for online payment but the question is how about others that are not familiar with this? people who have no idea regarding the society of bitcoin? I think they want to earn money buy their own strategy and bitcoin will never to introduced.

And who want to earn money using an internet, they search what other job will be possible to make a profit, and bitcoin maybe one thing to need introduced. They need enough knowledge to more know about bitcoin so that more people want to discover the benefits of bitcoin in the future.

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Quote from: andrei56 on April 27, 2017, 09:19:25 PM

Quote from: secdark on April 30, 2017, 12:42:09 AM

Perhaps in the future, some of the world's economies will depend on bitcoin. That is, they have started looking for bitcoin in large numbers, and opened a business or business with it, and the business is a business that is completely legal, and the government also receives bitcoin. I am sure, the future of bitcoin economy will be very good.

Yes, I also agree with it in the future will be a lot of bitcoin d use, such as online selling needs or other transactions. But if the Government that you say I am still doubting it.
That certainly in the future will grow a lot more using bitcoin.

But we must see the bitcoin dev try to resolve the problem of bitcoin. So, it's possible for bitcoin to get massive adoption by the people around the world.

Without more blocksize limit and I guess the massive adoption will impossible in the future. government will still always consider the bitcoin as illegal thing.

They do not need to declare bitcoin as illegal thing, as long as they can control it, there would be no more problem on their part. It is not a threat to them, in fact they are inspired with the blockchain so that would simply mean they find bitcoin a revolutionary invention and useful to mankind.

But that is a big if, taken control over bitcoin is not an easy thing to do at all,because of the decentralized nature of bitcoin and the nature of the project itself being open sourced than governments don’t have as much options as you may think to take over the network.

Well, really, all a government has to do is start their own mining system and just have enough hashing power that they make up a majority of the network. That or they just pay off or threaten miners with their own apparatuses and force them to do the government's bidding, although that's a lot less likely.
If Bitcoin ever becomes a major thing for the world then I wouldn't doubt some governments making their own mining pools and building up in what would essentially be an arms race to try and take control over the network. It all comes down to the risk and reward, and it might be valuable enough in the future that the expenditures might be a worthy sacrifice.

But you are assuming governments will just cooperate to try to destroy bitcoin, a greater possibility is that they don’t and with several governments competing to try to get as much hash power as possible then the only thing they are going to do is to increase mining difficulty but they are going to be unable to take over the network

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We can't predict the future of bitcoin or even the economy of bitcoin but if we based on the current situation right now like the price and the things that we can look through like the news then we can say that the future of bitcoin economics will be bright and it will become successful if we will just continue to maintain this kind of good thing about bitcoin.

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Quote from: speem28 on April 30, 2017, 12:33:06 AM

Quote from: speem28 on April 30, 2017, 12:33:06 AM

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

Well it's pretty predictable, as you can see since the beginning of bitcoin until now, there has been a huge increase on the number of people who are now using bitcoin and yet it is continuously increasing as the years to come. So we might just say that the future of bitcoin in economics is bright.

It is if nothings gonna happen a big disaster about bitcoin. Well as of now i think bitcoin really has a bright future because a lot of people using bitcoin every year and also a ton of country accepting bitcoin now though there are also country that they ban the bitcoin and we cant stop that but mostly of the country is accepting the bitcoin or supporting it

With the price increase users have got enthusiastic making it more popular as well the Countries legalizing it's usage has served as a good way to vast usage of users who have been fearing of the legal issues. Now more Countries have interest on using bitcoin rather than banning it which assures a better future.

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Nice info graphics about the size of Bitcoin and other money markets (including gold, derivatives etc..).
http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

A bit outdated, although the proportions remain..

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Quote from: The_Dark_Knight on April 29, 2017, 04:51:41 PM

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

Well it's pretty predictable, as you can see since the beginning of bitcoin until now, there has been a huge increase on the number of people who are now using bitcoin and yet it is continuously increasing as the years to come. So we might just say that the future of bitcoin in economics is bright.

It is if nothings gonna happen a big disaster about bitcoin. Well as of now i think bitcoin really has a bright future because a lot of people using bitcoin every year and also a ton of country accepting bitcoin now though there are also country that they ban the bitcoin and we cant stop that but mostly of the country is accepting the bitcoin or supporting it

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

Bitcoin does not need that, it will be great for us and bitcoin but bitcoin in itself is already very successful it proved that the concept of a currency that is decentralized can work and be prosperous and that is enough for me.

What?! Bitcoin dont need mass adoption?
Then what does it need? 5 rich people who will buy all the bitcoin in the world then let it stuck in their wallets?
How could it be used if it will stay just like that?
Of course it will need mass adoption, more people using it means it is working as a currency. Even the average people who can afford it will be counted. Hell! It should be everyone!

speem28

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Quote from: The_Dark_Knight on April 29, 2017, 04:51:41 PM

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

Well it's pretty predictable, as you can see since the beginning of bitcoin until now, there has been a huge increase on the number of people who are now using bitcoin and yet it is continuously increasing as the years to come. So we might just say that the future of bitcoin in economics is bright.

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

Bitcoin does not need that, it will be great for us and bitcoin but bitcoin in itself is already very successful it proved that the concept of a currency that is decentralized can work and be prosperous and that is enough for me.

Agree with that, it is true that nobody can predict what "exactly" the true future of bitcoin but many predictions are closet to the fact that bitcoin will gain that price and many more. I am okay with that as long as bitcoin price is growing and growing every year and they beat the record that they create every year so I think bitcoin has a brighter future.

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Quote from: Intersan on April 23, 2017, 10:09:36 AM

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

Bitcoin does not need that, it will be great for us and bitcoin but bitcoin in itself is already very successful it proved that the concept of a currency that is decentralized can work and be prosperous and that is enough for me.

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

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

We can't predict what could be the future of bitcoin. To earn bitcoin they have many ways to do that trading, mining, investing, gambling and many more. Bitcoin prices is not stable so that prediction did not help to know when is the right time for buying and selling. From the other side for payment we can't predict to use it for other transaction so that no one will know what will be happen for the future of bitcoin.

In my opinion the future of bitcoin is very bright due to as of now only very low percentage of population know and have knowledge about bitcoin. So, bitcoin has a very stable and good future. People use bitcoin where other options fail to meet the needs nowadays. So as far as the people will know about bitcoin they will convert fiat currency into bitcoin.

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.

When bitcoin prices are getting doubled, it means the demand got doubled which is very much a new for bitcoin ecosystem like it have not experienced that much big level of demands before. But I do believe this will keep on happening for another hundred years too.

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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.

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Quote from: MingLee on April 27, 2017, 09:29:19 PM

Quote from: andrei56 on April 27, 2017, 09:19:25 PM

Quote from: MingLee on April 27, 2017, 09:29:19 PM

Perhaps in the future, some of the world's economies will depend on bitcoin. That is, they have started looking for bitcoin in large numbers, and opened a business or business with it, and the business is a business that is completely legal, and the government also receives bitcoin. I am sure, the future of bitcoin economy will be very good.

Yes, I also agree with it in the future will be a lot of bitcoin d use, such as online selling needs or other transactions. But if the Government that you say I am still doubting it.
That certainly in the future will grow a lot more using bitcoin.

But we must see the bitcoin dev try to resolve the problem of bitcoin. So, it's possible for bitcoin to get massive adoption by the people around the world.

Without more blocksize limit and I guess the massive adoption will impossible in the future. government will still always consider the bitcoin as illegal thing.

They do not need to declare bitcoin as illegal thing, as long as they can control it, there would be no more problem on their part. It is not a threat to them, in fact they are inspired with the blockchain so that would simply mean they find bitcoin a revolutionary invention and useful to mankind.

But that is a big if, taken control over bitcoin is not an easy thing to do at all,because of the decentralized nature of bitcoin and the nature of the project itself being open sourced than governments don’t have as much options as you may think to take over the network.

Well, really, all a government has to do is start their own mining system and just have enough hashing power that they make up a majority of the network. That or they just pay off or threaten miners with their own apparatuses and force them to do the government's bidding, although that's a lot less likely.
If Bitcoin ever becomes a major thing for the world then I wouldn't doubt some governments making their own mining pools and building up in what would essentially be an arms race to try and take control over the network. It all comes down to the risk and reward, and it might be valuable enough in the future that the expenditures might be a worthy sacrifice

That would be an exercise in stupidity and futility

As it has been explained numerous times, that wouldn't work out since you would have to kill all cryptocurrencies, not just Bitcoin, and keep killing the ones that will quickly spring up and take their place. And don't forget that with each iteration it will harder and harder to kill'em all since that would be a nice and beautiful case of natural selection of sorts, fun to watch and pleasant to hear. I've been reading about some government starting their own mining system (or even cryptocoin) to compete with Bitcoin in the open market since I had registered here, but so far no government produced anything (most likely, simply because they didn't even intend in the first place)

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Quote from: andrei56 on April 27, 2017, 09:19:25 PM

Quote from: andrei56 on April 27, 2017, 09:19:25 PM

Perhaps in the future, some of the world's economies will depend on bitcoin. That is, they have started looking for bitcoin in large numbers, and opened a business or business with it, and the business is a business that is completely legal, and the government also receives bitcoin. I am sure, the future of bitcoin economy will be very good.

Yes, I also agree with it in the future will be a lot of bitcoin d use, such as online selling needs or other transactions. But if the Government that you say I am still doubting it.
That certainly in the future will grow a lot more using bitcoin.

But we must see the bitcoin dev try to resolve the problem of bitcoin. So, it's possible for bitcoin to get massive adoption by the people around the world.

Without more blocksize limit and I guess the massive adoption will impossible in the future. government will still always consider the bitcoin as illegal thing.

They do not need to declare bitcoin as illegal thing, as long as they can control it, there would be no more problem on their part. It is not a threat to them, in fact they are inspired with the blockchain so that would simply mean they find bitcoin a revolutionary invention and useful to mankind.

But that is a big if, taken control over bitcoin is not an easy thing to do at all,because of the decentralized nature of bitcoin and the nature of the project itself being open sourced than governments don’t have as much options as you may think to take over the network.

Well, really, all a government has to do is start their own mining system and just have enough hashing power that they make up a majority of the network. That or they just pay off or threaten miners with their own apparatuses and force them to do the government's bidding, although that's a lot less likely.
If Bitcoin ever becomes a major thing for the world then I wouldn't doubt some governments making their own mining pools and building up in what would essentially be an arms race to try and take control over the network. It all comes down to the risk and reward, and it might be valuable enough in the future that the expenditures might be a worthy sacrifice.

If the government is planning to shut down the bitcoin network by having their own mining system and taking up the majority of the network, they should've done it by now. Prevention is better than cure and the sooner they destroy us, the better. But why hasn't any government funded this? Either they don't really see bitcoin as a threat to their monetary system or that they are too busy allotting the majority of their money for bombing each other. (The latter might be the case based on the recent news)

MingLee

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Perhaps in the future, some of the world's economies will depend on bitcoin. That is, they have started looking for bitcoin in large numbers, and opened a business or business with it, and the business is a business that is completely legal, and the government also receives bitcoin. I am sure, the future of bitcoin economy will be very good.

Yes, I also agree with it in the future will be a lot of bitcoin d use, such as online selling needs or other transactions. But if the Government that you say I am still doubting it.
That certainly in the future will grow a lot more using bitcoin.

But we must see the bitcoin dev try to resolve the problem of bitcoin. So, it's possible for bitcoin to get massive adoption by the people around the world.

Without more blocksize limit and I guess the massive adoption will impossible in the future. government will still always consider the bitcoin as illegal thing.

They do not need to declare bitcoin as illegal thing, as long as they can control it, there would be no more problem on their part. It is not a threat to them, in fact they are inspired with the blockchain so that would simply mean they find bitcoin a revolutionary invention and useful to mankind.

But that is a big if, taken control over bitcoin is not an easy thing to do at all,because of the decentralized nature of bitcoin and the nature of the project itself being open sourced than governments don’t have as much options as you may think to take over the network.

Well, really, all a government has to do is start their own mining system and just have enough hashing power that they make up a majority of the network. That or they just pay off or threaten miners with their own apparatuses and force them to do the government's bidding, although that's a lot less likely.
If Bitcoin ever becomes a major thing for the world then I wouldn't doubt some governments making their own mining pools and building up in what would essentially be an arms race to try and take control over the network. It all comes down to the risk and reward, and it might be valuable enough in the future that the expenditures might be a worthy sacrifice.

andrei56

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Quote from: grobura on April 23, 2017, 11:30:55 AM

Perhaps in the future, some of the world's economies will depend on bitcoin. That is, they have started looking for bitcoin in large numbers, and opened a business or business with it, and the business is a business that is completely legal, and the government also receives bitcoin. I am sure, the future of bitcoin economy will be very good.

Yes, I also agree with it in the future will be a lot of bitcoin d use, such as online selling needs or other transactions. But if the Government that you say I am still doubting it.
That certainly in the future will grow a lot more using bitcoin.

But we must see the bitcoin dev try to resolve the problem of bitcoin. So, it's possible for bitcoin to get massive adoption by the people around the world.

Without more blocksize limit and I guess the massive adoption will impossible in the future. government will still always consider the bitcoin as illegal thing.

They do not need to declare bitcoin as illegal thing, as long as they can control it, there would be no more problem on their part. It is not a threat to them, in fact they are inspired with the blockchain so that would simply mean they find bitcoin a revolutionary invention and useful to mankind.

But that is a big if, taken control over bitcoin is not an easy thing to do at all,because of the decentralized nature of bitcoin and the nature of the project itself being open sourced then governments don’t have as much options as you may think to take over the network.

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You are right - it is impossible to predict the future of the bitcoins. Therefore, we need to use what is now. Bitcoin is a good product and you can make money on it. MLM is very developed on the basis of bitcoin. There you can make good money

Wouldn't it be a shame for something which value is based on its utility to just be used for a scam like MLM. Sure you can make good money from MLM, but only if you're going to scam tons of people. It's not just going to be 10 people but hundreds of them. MLMs have been there long enough for people to be aware of its mechanics and help themselves from getting persuaded/manipulated by some guy.

There's tons of opportunities in the bitcoin world and I'd like to say that MLM is one of the worst ways to earn money.

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Quote from: Intersan on April 23, 2017, 10:09:36 AM

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

We can't predict what could be the future of bitcoin. To earn bitcoin they have many ways to do that trading, mining, investing, gambling and many more. Bitcoin prices is not stable so that prediction did not help to know when is the right time for buying and selling. From the other side for payment we can't predict to use it for other transaction so that no one will know what will be happen for the future of bitcoin.

You are right - it is impossible to predict the future of the bitcoins. Therefore, we need to use what is now. Bitcoin is a good product and you can make money on it. MLM is very developed on the basis of bitcoin. There you can make good money

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