Future of Bitcoin Economics - page 46.

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Quote from: Intristing on August 11, 2016, 11:23:05 AM

Quote from: shane on August 10, 2016, 12:35:07 PM

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's true, no one can predict the future of bitcoin, but it is essential if bitcoin has the full confidence of the users, so that the future can be better

So far, the bitcoin does not have the full confidence of the users, the adoption of the bitcoin is still quite low.

I think not because they do not believe. but indeed very many people who do not know about bitcoin.
if they do not believe, they should try first, to know about bitcoin.

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Quote from: shane on August 10, 2016, 12:35:07 PM

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's true, no one can predict the future of bitcoin, but it is essential if bitcoin has the full confidence of the users, so that the future can be better

So far, the bitcoin does not have the full confidence of the users, the adoption of the bitcoin is still quite low.

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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's true, no one can predict the future of bitcoin, but it is essential if bitcoin has the full confidence of the users, so that the future can be better

Kaller

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Quote from: mirakal on August 10, 2016, 04:50:32 AM

Quote from: mindrust on August 10, 2016, 04:43:03 AM

As long as there are people who measure bitcoin's price with usd, there won't be a mass adoption. Actually we are already in a mass adoption phase. People are using bitcoin to gain more Usd, that is the base problem.

It depends on how to describe mass adoption, for me we are still in the early stage and we have not achieve a massive adoption yet. If massive adoption will be achieve we are not seeing this price only because it will significantly grow substantially IMO.

We are in the very early stage of mass adoption. The mass adoption is that when many people use bitcoin once a week at least.

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Quote from: mindrust on August 10, 2016, 04:43:03 AM

As long as there are people who measure bitcoin's price with usd, there won't be a mass adoption. Actually we are already in a mass adoption phase. People are using bitcoin to gain more Usd, that is the base problem.

It depends on how to describe mass adoption, for me we are still in the early stage and we have not achieve a massive adoption yet. If massive adoption will be achieve we are not seeing this price only because it will significantly grow substantially IMO.

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As long as there are people who measure bitcoin's price with usd, there won't be a mass adoption. Actually we are already in a mass adoption phase. People are using bitcoin to gain more Usd, that is the base problem.

elyas772

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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.

yes it is true no one can know about the future of bitcoin, because it all depends on the fluctuations in the currency bitcoin.

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Quote from: OROBTC on August 09, 2016, 12:33:54 AM

If Pokemon (Nintendo) would accept BTC as payment, that would likely generate interest right there. A friend of my wife is 50 and is now into Pokemon Go. Some 10% of Pokemon players are over 45 I heard on CNBC this morning. That means some 90% are young people -- those who might be "early adopters" of BTC.

The older people I think are not much interested to purchase pokecoins with any other payment method rather their apple pay or google pay account through their bank accounts, purchasing through bitcoin is more complicated because they should register on an exchange, buy bitcoin (maybe send them ID etc) and then purchase the pokecoins which is a long process, so I don't think they will accept so the future of bitcoin should not be based on that.

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Quote from: OROBTC on August 09, 2016, 12:33:54 AM

Quote from: socks435 on August 08, 2016, 01:44:31 PM

Quote from: Farma on July 03, 2016, 11:21:12 AM

Well, no one can guess the bitcoin economy system in the future, because bitcoin was increasingly growing, it all depends on the users, I guess if everyone is using bitcoin, then it will grow very quickly

Yeah if the promotion is the same as pokemon go more people will interested in bitcoin and expect for the price will increase more..
Bitcoin has a good potencial in the future. .and it will grow more.

POKEMON GO would be a great way for the Bitcoin Ecosystem to grow!

If Pokemon (Nintendo) would accept BTC as payment, that would likely generate interest right there. A friend of my wife is 50 and is now into Pokemon Go. Some 10% of Pokemon players are over 45 I heard on CNBC this morning. That means some 90% are young people -- those who might be "early adopters" of BTC.

That would help a lot though, considering that pokemon go is very popular now all over the world. It could be another start of a good milestone for bitcoins if that will happen.

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Quote from: socks435 on August 08, 2016, 01:44:31 PM

Quote from: Farma on July 03, 2016, 11:21:12 AM

Well, no one can guess the bitcoin economy system in the future, because bitcoin was increasingly growing, it all depends on the users, I guess if everyone is using bitcoin, then it will grow very quickly

Yeah if the promotion is the same as pokemon go more people will interested in bitcoin and expect for the price will increase more..
Bitcoin has a good potencial in the future. .and it will grow more.

POKEMON GO would be a great way for the Bitcoin Ecosystem to grow!

If Pokemon (Nintendo) would accept BTC as payment, that would likely generate interest right there. A friend of my wife is 50 and is now into Pokemon Go. Some 10% of Pokemon players are over 45 I heard on CNBC this morning. That means some 90% are young people -- those who might be "early adopters" of BTC.

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Quote from: Farma on July 03, 2016, 11:21:12 AM

Well, no one can guess the bitcoin economy system in the future, because bitcoin was increasingly growing, it all depends on the users, I guess if everyone is using bitcoin, then it will grow very quickly

Yeah if the promotion is the same as pokemon go more people will interested in bitcoin and expect for the price will increase more..
Bitcoin has a good potencial in the future. .and it will grow more.

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Quote from: HeroCat on August 08, 2016, 09:33:21 AM

BTC future prediction is simple - dedicated computer user market, small for the whole computer user market. No shops in nearest future due to long transaction time and most possible also just as exception - some banks. Wink

The infrastructure of fast transaction is being built, for example the lighting network. The block size will also increase.

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Quote from: Maesters1- on August 08, 2016, 12:08:55 PM

Quote from: ethereumhunter on August 08, 2016, 07:31:55 AM

Quote from: ~Bitcoin~ on August 08, 2016, 05:37:37 AM

Quote from: ronaldo40 on August 07, 2016, 01:30:24 PM

yes no one can guarantee or predict future bitcoin, but I hope that every year new adopters always increased, so the longer the bitcoin more visible in the future.

Actually adoption to blockchain tech is increasing i think rather than only to bitcoin as well as interest of techy people from all over the world is being increased over bitcoin and crypto. So i think future for blockchain tech and cryptocoins will be very productive and innovative.

it makes sense, and if this is apply with bank technology, imagine what will be happen. i think it makes people easy to make transaction, not just in one place but for other place too. but unfortunately, many country government not ready about bitcoin technology and they can not believe with this technology.

in present time they are not ready to accept bitcoin but as much as the users of bitcoin are increasing and they are putting pressure on the sate, hope that the starts thinking about it and hope that very soon they are going to accept bitcoin then banks will also adopt bitcoin.

They may be putting on pressure, but there is very little reason for banks to even bother accepting Bitcoin because the "pressure" is negligible, and the demand for Bitcoin services at banks is also very small. It is going to take far more people asking for Bitcoin (and subsequently needing Bitcoin to have a large enough userbase) for anyone to consider adding Bitcoin as a serviceable currency.

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Quote from: Maesters1- on August 08, 2016, 12:08:55 PM

Quote from: ethereumhunter on August 08, 2016, 07:31:55 AM

Quote from: ~Bitcoin~ on August 08, 2016, 05:37:37 AM

Quote from: ronaldo40 on August 07, 2016, 01:30:24 PM

yes no one can guarantee or predict future bitcoin, but I hope that every year new adopters always increased, so the longer the bitcoin more visible in the future.

Actually adoption to blockchain tech is increasing i think rather than only to bitcoin as well as interest of techy people from all over the world is being increased over bitcoin and crypto. So i think future for blockchain tech and cryptocoins will be very productive and innovative.

it makes sense, and if this is apply with bank technology, imagine what will be happen. i think it makes people easy to make transaction, not just in one place but for other place too. but unfortunately, many country government not ready about bitcoin technology and they can not believe with this technology.

in present time they are not ready to accept bitcoin but as much as the users of bitcoin are increasing and they are putting pressure on the sate, hope that the starts thinking about it and hope that very soon they are going to accept bitcoin then banks will also adopt bitcoin.

I guess that won't happen any time soon because Bitcoin has a feature which banks simply can't accept as a matter of principle. I mean the irreversibility and irrevocability of Bitcoin payments. Personally, I don't much like this feature myself (including the possibility of sending coins to "nowhere" and thereby making them lost forever). Indeed, my opinion doesn't weigh a lot...

But banks will never agree to this

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Quote from: ethereumhunter on August 08, 2016, 07:31:55 AM

Quote from: ~Bitcoin~ on August 08, 2016, 05:37:37 AM

Quote from: ronaldo40 on August 07, 2016, 01:30:24 PM

yes no one can guarantee or predict future bitcoin, but I hope that every year new adopters always increased, so the longer the bitcoin more visible in the future.

Actually adoption to blockchain tech is increasing i think rather than only to bitcoin as well as interest of techy people from all over the world is being increased over bitcoin and crypto. So i think future for blockchain tech and cryptocoins will be very productive and innovative.

it makes sense, and if this is apply with bank technology, imagine what will be happen. i think it makes people easy to make transaction, not just in one place but for other place too. but unfortunately, many country government not ready about bitcoin technology and they can not believe with this technology.

in present time they are not ready to accept bitcoin but as much as the users of bitcoin are increasing and they are putting pressure on the sate, hope that the starts thinking about it and hope that very soon they are going to accept bitcoin then banks will also adopt bitcoin.

deisik

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Quote from: OROBTC on June 18, 2016, 08:02:20 PM

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.

Just as important, IMO, is "merchant acceptance" of Bitcoin. BTC truly needs more goods & services providers who will take BTC as payment. Some already do, but not nearly enough.

If Bitcoin price keeps going up, that will attract attention of BTC buyers, and with luck more merchants will then opt to accept it.

This won't work the way you think it will. Why? Because Bitcoin supply is limited, so the quantity of bitcoins available for purchase eventually diminishes. More buyers pursuing less coins leads to price increase until one of the new whales (born due to the price increase) decides to cash out, and then the price quickly spirals down. That is good for speculation and profiteering (and wealth redistribution, to a degree), but not for Bitcoin acceptance by the suppliers of goods and services. Merchants are not so much interested in Bitcoin price (high or low) as they are interested in the price stability...

Which is impossible to reach given the Bitcoin price dynamics and the mechanics of such dynamics

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BTC future prediction is simple - dedicated computer user market, small for the whole computer user market. No shops in nearest future due to long transaction time and most possible also just as exception - some banks. Wink

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probably no one will be able to guess what kind of system bitcoin on the economy in the future, however, I might feel that bitcoin will actually be better at this point, and at that point maybe you can use bitcoin anywhere. well, and it will definitely make the system economically becomes better

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Quote from: hatshepsut93 on August 07, 2016, 10:09:09 PM

It will depend on development of societies, because every government in the world will do everything they can to prevent people from using bitcoin. The won't give control over peoples money.
Society itself must change and become more anarchistic in order for Bitcoin to be mass adopted.

This is exactly something we need to avoid. Do you want to bitcoin to remain in grey area of law forever? It definitely won't bring us more users.
I am not saying that lack of regulation is always bad, but we have to agree that people are idiots, they were raised in banking reality, with no direct control over their own money.
Thus their money managing skills are pathetic and also this is the reason is why it is so easy to scam everyone in new bitcoin reality.

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Quote from: ~Bitcoin~ on August 08, 2016, 05:37:37 AM

Quote from: ronaldo40 on August 07, 2016, 01:30:24 PM

yes no one can guarantee or predict future bitcoin, but I hope that every year new adopters always increased, so the longer the bitcoin more visible in the future.

Actually adoption to blockchain tech is increasing i think rather than only to bitcoin as well as interest of techy people from all over the world is being increased over bitcoin and crypto. So i think future for blockchain tech and cryptocoins will be very productive and innovative.

it makes sense, and if this is apply with bank technology, imagine what will be happen. i think it makes people easy to make transaction, not just in one place but for other place too. but unfortunately, many country government not ready about bitcoin technology and they can not believe with this technology.

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