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Topic: Is bitcoin is the new era of currency? - page 115. (Read 72081 times)

sr. member
Activity: 546
Merit: 255
January 25, 2017, 01:58:06 AM
It is kind of a new era of currency.
As it is just a crypto currency , mainly online currency
and there is no paper currency of bitcoin.
So it is a new era of online currency .
Its growth over the years , firms accepting bitcoin
shows how successful currency bitcoin has become.
So keep investing in bitcoin and keep increasing your profits.
Thanks
hero member
Activity: 2954
Merit: 672
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January 25, 2017, 01:33:02 AM
Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?

Yes Bitcoin seems to suggest to the whole world that's he's come to stay and in a world where most of the governments are pushing for a cashless society I think Bitcoin will have a firm place in the coming years even though fiat to digital seems to have the edge.
There will no competition mate, we will still stay low behind fiat. Digital currency will be the trend while bitcoin will slight increase it's users and it would be a good future for bitcoin and the fiat digital currency. What I see is that, more altcoins that will be invented and will help the whole crypto world to progress while bitcoin is still the leading crypto currency.
sr. member
Activity: 756
Merit: 253
January 24, 2017, 04:13:28 PM
Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?

Yes Bitcoin seems to suggest to the whole world that's he's come to stay and in a world where most of the governments are pushing for a cashless society I think Bitcoin will have a firm place in the coming years even though fiat to digital seems to have the edge.
hero member
Activity: 2618
Merit: 548
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January 23, 2017, 09:20:49 AM
Bitcoin will continue to be the currency of the era in the decentralized currency ecosystem. Other than this digital fiat will get used among most of the countries, because these days fiat has been getting digital form in several countries.
full member
Activity: 267
Merit: 110
January 23, 2017, 09:05:45 AM
Iam quite agree that  is the new era of currency and i hope it is the future but the main struggle for the organisers is that to expand its working in  different countries and to convince most of the brands to allow it as the currency for trade and it is not point to worry because as more or more people get involved into it will force brands to use is as a currency......
hero member
Activity: 672
Merit: 500
January 23, 2017, 09:02:02 AM
Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?
According to me yes bitcoin is the new era of currency or we can say that bitcoin is the currency of new era. It is the intense need of the new era if we look at the features of bitcoin and also to its benefits to the world. With its prevailing benefits every person in the coming era will adopt bitcoin for their uses.
hero member
Activity: 1190
Merit: 511
January 23, 2017, 08:56:56 AM
I hope for this, bitcoin the new era of currency. Because bitcoin is becoming popular worldwide. Some countries are already have shops of bitcoin. Accepting bitcoin payment, others are easily earned thru this. So Im hoping this to be the new era of currency.
That would be possible that bitcoin can be the king of not only crytocurrency but also the new era of currency but hoping that fiat will still continue to exist because not all people can easily adopt bitcoin and we have no idea yet what world we are waiting if bitcoin will just be made as a currency and no fiat.
hero member
Activity: 994
Merit: 544
January 23, 2017, 08:45:31 AM
In my opinion, it's more of an adition to the today's currency.

As qouted in this article https://www.linkedin.com/pulse/enjoy-bitcoin-new-era-cryptocurrencydigital-currency-azad bitcoin is the new era of currency. And I agree to this statement that bitcoin is the key to the new era of currency. Blockchain technology will be copied and will be widely used even by banks and other insitutions. With the success of bitcoin as a good example banks are considering to launch a blokchain based fiat digital currency. And among other countries maybe the first country to go cashless will be China since they will release their fiat digital currency prototype this September 2017 to replace the Chinese Yuan.
newbie
Activity: 56
Merit: 0
January 23, 2017, 08:39:50 AM
I quite agree that Bitcoin is the new era currency although this might not be achieved very soon but I believe its achievable and the reason for my acceptance is the issue of acceptability of bitcoin in which you will find at least quite a number of people using it in a particular country which means the acceptability cuts across borders and world politics.
i am sure bitcoin is the new value of currency in the future internet because there is many benefit that bitcoin itself offers for the user. and i think bitcoin is the new money and we can buying foods and etc in the future with bitcoin.
sr. member
Activity: 882
Merit: 251
January 23, 2017, 03:32:38 AM
I hope for this, bitcoin the new era of currency. Because bitcoin is becoming popular worldwide. Some countries are already have shops of bitcoin. Accepting bitcoin payment, others are easily earned thru this. So Im hoping this to be the new era of currency.
sr. member
Activity: 742
Merit: 251
January 23, 2017, 02:01:54 AM
In present is not.But hopefully It can be In future. When We can shoping By this currency. But already it's happened in some country I herad about it.
jr. member
Activity: 59
Merit: 10
January 09, 2017, 10:35:21 AM
Yes its a sort of currency that can be the future of it all but we still have to see this with out own eyes of course.
legendary
Activity: 3080
Merit: 1353
January 09, 2017, 10:16:21 AM
Yeah and the biggest advantage is the non reversible nature of this currency. Because every day I listen from my friends that someone scammed them by sending hacked funds, reversed a transaction and a lot more, with bitcoins all these possibilities get eliminated.

It does come at a cost though

Bitcoin transactions are irreversible but this pretty much means that if you send your coins to a wrong address you can safely kiss them goodbye. And what's more regrettable, you can just as well lose your coins by sending them to a non-existing address. And when someone creates this address (which is highly unlikely but still), he will be greatly surprised to see a bonus awaiting him. Does any desktop wallet have a feature of checking for the address existence or it simply makes no sense because most addresses are used only once? 

I thought bitcoin itself had a protocol for checking if the sending address is valid, and if you mistype the address the coins don't send?

A Bitcoin address can't contain certain symbols which could be mistaken for other symbols (e.g. 0 and O), and that should be checked by the wallet you are using, though I didn't try it out personally so I basically don't know what will happen. I guess if a transaction with an invalid address (not to be confused with a non-existing address) somehow hits the network (say you send it manually), it will end up rejected by the miners...

Someone more knowledgeable may want to chime in on this


I think the purpose of some of the characters inside the bitcoin address are being used for the purpose of checking errors (checksum). But I'm not familiar on which exact characters are being used for confirming the address is indeed valid and isn't just a simple address with wrong of missing character.


hero member
Activity: 1204
Merit: 500
January 09, 2017, 10:03:41 AM
since their bitcoin, so many other coins are trying to undermine the position of bitcoin. it is because bitcoin have a considerable influence in the world economy at a person. bitcoin has been much in the interest of big operators. so, bitcoin has the potential to be used as currency. after it happened, so many new coins appear, and it may change the currency system in the future.
legendary
Activity: 3514
Merit: 1280
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January 09, 2017, 09:51:52 AM
Yeah and the biggest advantage is the non reversible nature of this currency. Because every day I listen from my friends that someone scammed them by sending hacked funds, reversed a transaction and a lot more, with bitcoins all these possibilities get eliminated.

It does come at a cost though

Bitcoin transactions are irreversible but this pretty much means that if you send your coins to a wrong address you can safely kiss them goodbye. And what's more regrettable, you can just as well lose your coins by sending them to a non-existing address. And when someone creates this address (which is highly unlikely but still), he will be greatly surprised to see a bonus awaiting him. Does any desktop wallet have a feature of checking for the address existence or it simply makes no sense because most addresses are used only once? 

I thought bitcoin itself had a protocol for checking if the sending address is valid, and if you mistype the address the coins don't send?

A Bitcoin address can't contain certain symbols which could be mistaken for other symbols (e.g. 0 and O), and that should be checked by the wallet you are using, though I didn't try it out personally so I basically don't know what will happen. I guess if a transaction with an invalid address (not to be confused with a non-existing address) somehow hits the network (say you send it manually), it will end up rejected by the miners...

Someone more knowledgeable may want to chime in on this
legendary
Activity: 1372
Merit: 1008
January 09, 2017, 03:55:21 AM
Yes I think that it can be the new era of money but we still have to see this of course because nothing is sure these days.
in fact it is the currency of new era, because the new generation are giving preference to computer, interment and to crypto currency as they like online shopping therefore for this purpose they are giving preference to bitcoin as crypto currency.

Yeah and the biggest advantage is the non reversible nature of this currency. Because every day I listen from my friends that someone scammed them by sending hacked funds, reversed a transaction and a lot more, with bitcoins all these possibilities get eliminated.
For PayPal user that have a lot of bad experience with disputes and chargebacks
Maybe bitcoin is more than a safe haven , it escape them from scam practice
Digital era is near,  people just need to adopt it in mass
And digital money/cryptocurrency will be needed around the world as time goes by.
Bitcoin and Paypal is very different, if some has a bad experience with bitcoin he cannot complain because no support would answer. I believe we just have to be loyal to whoever gives us the good service and everyone of us has our own experience. For me, I'll say bitcoin is the best.
because bitcoin is decentralized so you will not be able to do contact support with the bitcoin if you have problem, bitcoin is a form of freedom in the deal, this is the currency of freedom dude Cheesy
hero member
Activity: 518
Merit: 500
January 09, 2017, 03:39:45 AM
Yes I think that it can be the new era of money but we still have to see this of course because nothing is sure these days.
in fact it is the currency of new era, because the new generation are giving preference to computer, interment and to crypto currency as they like online shopping therefore for this purpose they are giving preference to bitcoin as crypto currency.

I'm not sure if the youth or the new generation if preferring bitcoin over other currencies or not but i can surely agree that the young ones are totally attached to computer systems or technology, so that might be a good sign for bitcoin in future that they might think of using a new and easier currency for online stuff which is bitcoin.
Even if they do not like Bitcoin, they have to adapt to the new technologies and innovations. Bitcoin is the only way for us to escape the centralized system. As long as we know how to use our Bitcoin, we are free and we are not controlled by our government. I think there will be a lot of arguments about bitcoin appear in the future in order to determine whether Bitcoin is good or not
klf
legendary
Activity: 1344
Merit: 1000
January 09, 2017, 03:29:03 AM
Yes I think that it can be the new era of money but we still have to see this of course because nothing is sure these days.
in fact it is the currency of new era, because the new generation are giving preference to computer, interment and to crypto currency as they like online shopping therefore for this purpose they are giving preference to bitcoin as crypto currency.

I'm not sure if the youth or the new generation if preferring bitcoin over other currencies or not but I can surely agree that the young ones are totally attached to computer systems or technology, so that might be a good sign for Bitcoin in future that they might think of using a new and easier currency for online stuff which is bitcoin.
The new generation and youth will addict this Bitcoin very quickly because it's easy money and also this cryptocurrency have more value in digital currency. How the digital world will improve like that, this bitcoin also become popular. I think yes this bitcoin is the new era of currency. In future, it will prove.
full member
Activity: 148
Merit: 100
January 09, 2017, 02:53:44 AM
In my opinion, it's more of an adition to the today's currency.
sr. member
Activity: 672
Merit: 250
January 09, 2017, 02:28:51 AM
Yes I think that it can be the new era of money but we still have to see this of course because nothing is sure these days.
in fact it is the currency of new era, because the new generation are giving preference to computer, interment and to crypto currency as they like online shopping therefore for this purpose they are giving preference to bitcoin as crypto currency.

I'm not sure if the youth or the new generation if preferring bitcoin over other currencies or not but i can surely agree that the young ones are totally attached to computer systems or technology, so that might be a good sign for bitcoin in future that they might think of using a new and easier currency for online stuff which is bitcoin.
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