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Topic: future of Bitcoin In this world? - page 20. (Read 2487 times)

full member
Activity: 350
Merit: 111
December 16, 2017, 05:47:07 PM
#77
So there are countries that do not want Bitcoin or cryptocurrency because they can not control it. Bitcoin design is very strong because no one can control it even the designer itself. They call it blockchain technology. Even if there are countries that do not like bitcoin, they can not prevent the rising of Bitcoin in the whole world. One day, they will also be forced to use Bitcoin.
sr. member
Activity: 562
Merit: 250
December 16, 2017, 05:44:15 PM
#76
Bitcoin will play a huge role in our society in the future. I believe that in the future, majority of our population will use BTC as an actual currency used to buy and sell products, btc will help improve the financial system and can prevent any financial crisis, people will feel more secure and confident in their investments.
I certainly to that, bitcoin will have a big role in our society in the near future and I think it will has possitive effect in all bitcoin user. Furthermore, I do believe that bitcoin has bright future even though the future of bitcoin is still unpredictable. I hope bitcoin will also accept in all country.
full member
Activity: 812
Merit: 101
December 16, 2017, 05:07:11 PM
#75
yes, right! bitcoin today threatens the national currency, because I see bitcoin in the future will be a legitimate transaction tool.
I say that bitcoin can not be controlled by anyone, because the principle of a bitcoin system is decentralize, and that's not possible. but I think if in the future bitcoin controls the world, then the national currency will not exist and only as a standard price.
I believe in btcoin because bitcoin is promising, and profitable. and bitcoin are not recognized by the government when nobody is socializing, when bitcoin is used by criminals to commit crimes.
full member
Activity: 196
Merit: 101
December 16, 2017, 04:56:50 PM
#74
Maybe you should listen to a couple of Billionaires and what they were saying about Bitcoin instead of asking the layman. In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant... there will be no reason to have the fiat currencies."
full member
Activity: 266
Merit: 151
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December 16, 2017, 02:17:54 PM
#73
Bitcoin stands for decentralized transactions. Governments having bitcoins as currency is a contradiction, this does not work. Bitcoin will still be cryptocurrency and used for decentralized transactions and for investments. All the government can do is to have their own blockchain and currency, which in fact is just the same as fiat currency, in a contemporary coating.
full member
Activity: 434
Merit: 105
December 13, 2017, 06:43:58 PM
#72
World government where the currency will threaten the value of the national currency. can you share with me how the future of Bitcoin and what will Bitcoin do in the future? one day Bitcoin be taken over by the world government for the circulation of this currency can be controlled? Why do you believe in Bitcoin, when this currency is not recognized by any government?
The evolution of bitcoin has become a major threat to many national currencies just as you rightly said, but be as it may it will become very difficult for any government to restrict the usage of this virtual currency because of it's feature of anonymity and decentralized nature.
In the comfort of my room bitcoin had made it possible to transacts business without any government or banking inference in view of this I can rightly said bitcoin has a brighter future.

I agree, some countries were worried about the bitcoin thats why they didn't legalized on there place but some countries benefit bitcoin as they legalized the dominat crypto and used it as there mode of payments. Bitcoin is so tremendous performance on this year as it performs record breaking every edge on its value. I believed that it will surpass all the possible downfall as speculation says since its already proven many years as the same situation. The future of bitcoin will continue as long as there will be no 3rd party will involved like banking system or government sectors that might interact. Somehow, I believed that the system of bitcoin will do as much as they can that no 3rd party will involved and do there part to secure all the private information of all users throughout the world.
full member
Activity: 490
Merit: 100
December 12, 2017, 10:58:40 PM
#71
the government can not taken over bitcoin because bitcoin controlled by the users.. as long as the users bitcoin use or earn bitcoin and so far bitcoin enthusiasts are increasing, I believe will survive in the future..
full member
Activity: 210
Merit: 100
December 12, 2017, 09:48:01 PM
#70
World government where the currency will threaten the value of the national currency. can you share with me how the future of Bitcoin and what will Bitcoin do in the future? one day Bitcoin be taken over by the world government for the circulation of this currency can be controlled? Why do you believe in Bitcoin, when this currency is not recognized by any government?
I think this is a great bitcoin for the future because we get enough income and extra profits. And many countries know it but, there is also a bitcoin banned country. but here in the Philippines there are many people trust in bitcoin and see how good it is in the future.
member
Activity: 280
Merit: 10
December 12, 2017, 08:03:04 PM
#69

I think bitcoin in the future will continue to evolve, where bitcoin will be adopted by the state into national and global currencies if such possibility but seen from the condition from now is not possible because the current bitcoin currency can not be monitored or controlled by state because of the free bitcoin properties. with it many countries struggling against this virtual coin because it could damage the market price of national currency of each country.
newbie
Activity: 3
Merit: 0
December 09, 2017, 12:23:38 PM
#68
As everyone has said, it is very difficult to predict the future.

That being said I see mass adoption of cryptocurrencies happening and whatever use cases or vendors appear that accept crypto, will inevitably always accept bitcoins for the simple reason that there is the largest potential user market to be tapped.
asu
legendary
Activity: 1302
Merit: 1136
December 09, 2017, 11:06:46 AM
#67
Bitcoin for me will be the fastest way. Since its a hassle free process. But in the future bitcoin cant control the people. We still have to manage our lives. In the first place since bitcoin is a digital currecy and a peer to peer transactions. We are only one who can interact in this cryptocurrency world that we need to give much more support in bitcoin, So in that bitcoin will still stand and roll over and over again in the next years that will past
member
Activity: 532
Merit: 15
December 09, 2017, 11:02:43 AM
#66
Today, Governments Reserve Gold and Issues Bills against that (well, not such easy, the system is very critical). In future, I guess Governments will Reserve Bitcoins and Issues their Own National Cryptos Against their Bitcoin Reserve - I am no Economist, but I guess the total system will be like as I said in few decades.
newbie
Activity: 38
Merit: 0
December 09, 2017, 10:59:16 AM
#65
Bitcoin is the gold of the future.
We all know that it was created for decentralization but today it is interesting for the people not just because of the inicial prepose but because of its value, so imagine in 20 years what would be the value...
It is gold. Governments will want this "gold" not for the idea of decentralization, but just because they want all that got some value for them.
legendary
Activity: 1148
Merit: 1048
December 09, 2017, 10:54:05 AM
#64
World government where the currency will threaten the value of the national currency. can you share with me how the future of Bitcoin and what will Bitcoin do in the future? one day Bitcoin be taken over by the world government for the circulation of this currency can be controlled? Why do you believe in Bitcoin, when this currency is not recognized by any government?


Its not an issue if bitcoin could disrupt an in place fiat economy like this (it could), but more of would the respective government ALLOW bitcoin to subvert it like this (it wouldnt). Although it is damned near impossible to effect bitcoin on a protocol level, without major expense, it is far easier to simply ban bitcoin for the citizens of that locale. With a few words, and a half hearted effort at enforcement that singles out a few actors for maximum punishment, a government could really take the incentive out of owning bitcoins. Would you keep a wallet if it meant 10-20 years in prison?


Most would not. And this is why we want to stay on the good side of the regulators.
hero member
Activity: 1190
Merit: 534
December 09, 2017, 08:40:38 AM
#63
I agree that Bitcoin is still not recognised by the government. In fact, a central bank in my country warned domestic users about it.

* Alert Bitcoin investors! RBI issues another warning, says cryptocurrencies have some risks.

Still, I am interested in Bitcoin because I do see the growth as a technology and I am fully aware of the pros and cons of speculation part of it. It makes me feel special to be a part of something that has potential to bring a fundamental change in the financial lifestyle of the people in every corner of the world. I do see Bitcoin as a mainstream payment option within few years and that's why I believe it.
sr. member
Activity: 546
Merit: 250
December 09, 2017, 08:37:55 AM
#62
Bitcoin has a good future i guess. More and more people now are joining bitcoins. They dont know exactly about the crypto currencies but they want to have a bitcoin because of its high going price.
sr. member
Activity: 2842
Merit: 326
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December 09, 2017, 08:25:05 AM
#61
World government where the currency will threaten the value of the national currency. can you share with me how the future of Bitcoin and what will Bitcoin do in the future? one day Bitcoin be taken over by the world government for the circulation of this currency can be controlled? Why do you believe in Bitcoin, when this currency is not recognized by any government?
The evolution of bitcoin has become a major threat to many national currencies just as you rightly said, but be as it may it will become very difficult for any government to restrict the usage of this virtual currency because of it's feature of anonymity and decentralized nature.
In the comfort of my room bitcoin had made it possible to transacts business without any government or banking inference in view of this I can rightly said bitcoin has a brighter future.
full member
Activity: 827
Merit: 100
December 09, 2017, 08:16:25 AM
#60
Bitcoin becomes a means of accumulation.
Crypto currency gold. Soon, governments will begin to include bitcoin in the reserves of the national bank.
Yes I agree
Bitcoin is gold of Cryptocurrency. It will take time but one day Bitcoin will be legalized in world.
in some future time if bitcoin has a good price and a good future will be one of the most legitimate coins in the world. we just wait that best time
member
Activity: 98
Merit: 10
December 09, 2017, 08:07:13 AM
#59
Bitcoin becomes a means of accumulation.
Crypto currency gold. Soon, governments will begin to include bitcoin in the reserves of the national bank.
Yes I agree
Bitcoin is gold of Cryptocurrency. It will take time but one day Bitcoin will be legalized in world.
full member
Activity: 266
Merit: 151
First crypto index traded as a token!
December 09, 2017, 07:16:59 AM
#58
The future of bitcoin is already changed: set up as decentralized currency it is now more a tool, a stock exchange product. Especially now that we'll have Bitcoin futures. It's a fact that a small number of people own the largest amount of bitcoins. These investors can manipulate the price, in order to make large profits. Traders will charge more for transactions. Bitcoin is now a way to make money. Even governments will take their share with taxes, they also see it as a new product to increase finance.
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