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Topic: Is Bitcoin Really The Future Of Money? - page 103. (Read 68805 times)

sr. member
Activity: 632
Merit: 250
January 09, 2017, 01:10:45 PM
It can be sure seen as it but if it will really happen that is the question nowadays because no one can predict this..
You do not need to predict. Just look at what is happening, and it becomes clear that bitcoin is money in their field. But if we now go the popularity of rich people to hide their income using bitcoin, then all may not be unique.
newbie
Activity: 51
Merit: 0
January 09, 2017, 12:42:32 PM
It can be sure seen as it but if it will really happen that is the question nowadays because no one can predict this..
full member
Activity: 142
Merit: 100
January 09, 2017, 12:20:37 PM
Its the future but if it really will be the bitcoin that is the question today, the fact is that everything is gonna be digital.
Probably it does in the future, because many experts predict that cash will soon lose its urgency and people refuse them. Perhaps they will be replaced by bitcoin, since only digital currency will continue to exist.
member
Activity: 67
Merit: 10
January 09, 2017, 11:14:14 AM
Its the future but if it really will be the bitcoin that is the question today, the fact is that everything is gonna be digital.
sr. member
Activity: 254
Merit: 250
January 09, 2017, 10:30:34 AM
I trust bitcoin and it can be the future of our money. With the help of our modern/current technologies, the development of it would be improved and all things is possible to happen. BTC is already the money of internet for me now.
Well, If you trust Bitcoin, it will bring you a lot of benefits and advantage in the future. This new innovation will absolutely help us a lot in developing our cyber system and sweep away the centralization. Using Bitcoin is the best way to increase the Bitcoins' reputation and I am very happy to know that you determine Bitcoin as a type of currency
Of course, when you believe in something that could change the world, it will. When you think about it, the people that believed in Bitcoin during its early stages really have experienced the benefits that it offered. The prices now are great compared to the early stages of course. It's going to be a game changer.
Everything will continue as before and follow the same course. Do not think that things will change dramatically, and thus change the world. Nothing will happen. That's for sure.
full member
Activity: 150
Merit: 100
January 09, 2017, 06:30:07 AM
I would say it is not worth so much hope that bitcoin will completely replace real money. All financial issues will be resolved by the old, simply Bitcoin is a digital currency and pay it will be possible only through the Internet.
full member
Activity: 154
Merit: 100
January 09, 2017, 04:02:27 AM
I trust bitcoin and it can be the future of our money. With the help of our modern/current technologies, the development of it would be improved and all things is possible to happen. BTC is already the money of internet for me now.
Well, If you trust Bitcoin, it will bring you a lot of benefits and advantage in the future. This new innovation will absolutely help us a lot in developing our cyber system and sweep away the centralization. Using Bitcoin is the best way to increase the Bitcoins' reputation and I am very happy to know that you determine Bitcoin as a type of currency
Of course, when you believe in something that could change the world, it will. When you think about it, the people that believed in Bitcoin during its early stages really have experienced the benefits that it offered. The prices now are great compared to the early stages of course. It's going to be a game changer.
hero member
Activity: 518
Merit: 500
January 09, 2017, 03:47:27 AM
I trust bitcoin and it can be the future of our money. With the help of our modern/current technologies, the development of it would be improved and all things is possible to happen. BTC is already the money of internet for me now.
Well, If you trust Bitcoin, it will bring you a lot of benefits and advantage in the future. This new innovation will absolutely help us a lot in developing our cyber system and sweep away the centralization. Using Bitcoin is the best way to increase the Bitcoins' reputation and I am very happy to know that you determine Bitcoin as a type of currency
hero member
Activity: 2464
Merit: 594
January 09, 2017, 02:23:20 AM
I trust bitcoin and it can be the future of our money. With the help of our modern/current technologies, the development of it would be improved and all things is possible to happen. BTC is already the money of internet for me now.
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
January 09, 2017, 02:09:31 AM
Bitcoin has certainly accelerated the path and way forward for digitizing money. Now many central banks across the globe are looking with great interest into bitcoin blockchain technology in order to issue electronic money in the near future. THE BITCOIN idea of decentralized money is even more important and gives hope for a universal cry of freedom to be heard by the world's inhabitants who embrace it.
sr. member
Activity: 658
Merit: 251
VIMee - Social Network
January 09, 2017, 12:31:53 AM
I believe it's the future. Crypto is better than fiat in every way imaginable, except that the world understands, trusts, and uses fiat. Once that scale starts tipping and bitcoin is easier to understand, people start building trust, and it becomes more widely adopted, there will be a total of zero reasons the world will continue to use fiat over crypto. The only difficulty in that happening will be corporations and governments that will be unable - by definition (which is the scary part) - to adopt it. That's when a revolution comes in to play, and the world changes forever.

Fiat will exist as long as governments will do, and people will be forced to use it if they are going to pay taxes or get paid themselves for offering their services in the public sector. Therefore, I don't think it is quite correct to say that there will be totally no reason to use fiat. Governments are powerful and as long as they remain so, they won't accept Bitcoin as a viable alternative to fiat money. I mean, for example, as legal tender for paying taxes.
maybe you're right, if the government will not make legal use of bitcoin as an alternative, but basically bitcoin has been used as a substitute for cash payment alternative for now. fiat probably will still exist, but, I guess when everyone knows that bitcoin has the potential to make them benefit, probably bitcoin could have equal popularity with fiat, even when the government made illegal menjadl bitcoin.


Those are good points. I think that if large segments of the population were to start using Bitcoin as their primary currency, that would mean that peoples' notion of government has changed. They would be using a form of money that basically keeps the government completely out of their business. It would also mean that people have rejected central banking. That would be a revolution.
But consider also that, roughly half of the population does want the government to be involved in the economy. This means that categorically half of the population would not favor Bitcoin (or similar) becoming the primary currency.

Like I always say - whether bitcoin is banned by every country in the world or it becomes the standard global currency - the future is going to be very very interesting.

I like your point but how can you say that governments will ban bitcoin, if they really want to ban bitcoin means already it has happened. But right now already it is global currency with no boss every one has right to buy and right to sell with out anybody control on it.
hero member
Activity: 2856
Merit: 667
January 09, 2017, 12:26:36 AM
no, bitcoin will be the part of the future money!
i think bitcoin is really the future of money, because the new generation is taking interest in online trading therefore online currency is really necessary for them, and therefore they are proffering bitcoin as bitcoin can meet all their necessities.
yes i am also agree with you to me i think it is a fact that bitcoin is now becoming the future of money because people are no taking interest in bitcoin and bitcoin is gradually becoming more stable and popular.
Therefore we should continue supporting it, the price has drop lately and now we are back on track. Expect another price increase again and this time it will be continuous, I believe people are really supportive and as investor it's our duty to make the price very good looking as a good price will attract more people to adopt.
hero member
Activity: 630
Merit: 500
January 08, 2017, 08:05:06 PM
no, bitcoin will be the part of the future money!
i think bitcoin is really the future of money, because the new generation is taking interest in online trading therefore online currency is really necessary for them, and therefore they are proffering bitcoin as bitcoin can meet all their necessities.
yes i am also agree with you to me i think it is a fact that bitcoin is now becoming the future of money because people are no taking interest in bitcoin and bitcoin is gradually becoming more stable and popular.
sr. member
Activity: 434
Merit: 250
January 08, 2017, 04:19:32 PM
I believe it's the future. Crypto is better than fiat in every way imaginable, except that the world understands, trusts, and uses fiat. Once that scale starts tipping and bitcoin is easier to understand, people start building trust, and it becomes more widely adopted, there will be a total of zero reasons the world will continue to use fiat over crypto. The only difficulty in that happening will be corporations and governments that will be unable - by definition (which is the scary part) - to adopt it. That's when a revolution comes in to play, and the world changes forever.

Fiat will exist as long as governments will do, and people will be forced to use it if they are going to pay taxes or get paid themselves for offering their services in the public sector. Therefore, I don't think it is quite correct to say that there will be totally no reason to use fiat. Governments are powerful and as long as they remain so, they won't accept Bitcoin as a viable alternative to fiat money. I mean, for example, as legal tender for paying taxes.
maybe you're right, if the government will not make legal use of bitcoin as an alternative, but basically bitcoin has been used as a substitute for cash payment alternative for now. fiat probably will still exist, but, I guess when everyone knows that bitcoin has the potential to make them benefit, probably bitcoin could have equal popularity with fiat, even when the government made illegal menjadl bitcoin.


Those are good points. I think that if large segments of the population were to start using Bitcoin as their primary currency, that would mean that peoples' notion of government has changed. They would be using a form of money that basically keeps the government completely out of their business. It would also mean that people have rejected central banking. That would be a revolution.
But consider also that, roughly half of the population does want the government to be involved in the economy. This means that categorically half of the population would not favor Bitcoin (or similar) becoming the primary currency.

Like I always say - whether bitcoin is banned by every country in the world or it becomes the standard global currency - the future is going to be very very interesting.
member
Activity: 97
Merit: 10
January 08, 2017, 04:05:52 PM
I believe it's the future. Crypto is better than fiat in every way imaginable, except that the world understands, trusts, and uses fiat. Once that scale starts tipping and bitcoin is easier to understand, people start building trust, and it becomes more widely adopted, there will be a total of zero reasons the world will continue to use fiat over crypto. The only difficulty in that happening will be corporations and governments that will be unable - by definition (which is the scary part) - to adopt it. That's when a revolution comes in to play, and the world changes forever.

Fiat will exist as long as governments will do, and people will be forced to use it if they are going to pay taxes or get paid themselves for offering their services in the public sector. Therefore, I don't think it is quite correct to say that there will be totally no reason to use fiat. Governments are powerful and as long as they remain so, they won't accept Bitcoin as a viable alternative to fiat money. I mean, for example, as legal tender for paying taxes.
maybe you're right, if the government will not make legal use of bitcoin as an alternative, but basically bitcoin has been used as a substitute for cash payment alternative for now. fiat probably will still exist, but, I guess when everyone knows that bitcoin has the potential to make them benefit, probably bitcoin could have equal popularity with fiat, even when the government made illegal menjadl bitcoin.


Those are good points. I think that if large segments of the population were to start using Bitcoin as their primary currency, that would mean that peoples' notion of government has changed. They would be using a form of money that basically keeps the government completely out of their business. It would also mean that people have rejected central banking. That would be a revolution.
But consider also that roughly half of the population does want the government to be involved in the economy. This means that categorically half of the population would not favor Bitcoin (or similar) becoming the primary currency.

legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
January 08, 2017, 01:43:24 PM
The price of bitcoins reached $1000. THEY ARE THE FUTURE. The ease of transactions, the security and the entire concept make bitcoins stand out. Some may argue, but they are definitely the future of currency. More heads are turning towards this concept.


for now if they don't come in agreement to the scaling solution bitcoin can't simply be the future of money with fee that will be bigger and bigger, and transactions that are stuck all over the place

imagine bitcoin reaching 1T and having still 1MB limit, millions of transaction would be stuck forever, and would only lead bitcoin to be unsed and eventually forgotten at some point

You don't take into account a very important factor. It is obvious that you don't consider the median value of Bitcoin transactions. 1T dollars of market cap (as I understand it you refer to the Bitcoin market cap here) is roughly 66 times higher than what we have now (~15B dollars). In this manner, 1M blocks will do just fine if the median Bitcoin transaction value increases likewise. Do you know what it equals right now? But don't confuse median value with mean value. Provided you follow established understanding of the terms in the first place, of course...

Otherwise, it makes no sense discussing altogether
MMA
legendary
Activity: 1134
Merit: 1000
January 08, 2017, 01:11:24 PM
no, bitcoin will be the part of the future money!
i think bitcoin is really the future of money, because the new generation is taking interest in online trading therefore online currency is really necessary for them, and therefore they are proffering bitcoin as bitcoin can meet all their necessities.
hero member
Activity: 2310
Merit: 532
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
January 08, 2017, 08:04:59 AM
Bitcoin have already proved its existence and its spreading globally. Due this existence price of BTC is climbing skyrocket soon. But as per topic mentioned "The Future of Money". Actually bitcoin is not just a currency, it has become a solid commodity. Many investors are just staking Bitcoins for future price jump.

People around the world who are into digital currency usage has started to use bitcoin as a solid commodity. It has proven to be strong and long lasting with the volatility similar to national currencies. During the past years users feared of implementing it into their businesses. Now it has got a status similar to the currencies which we use in daily life. This has helped to get more acceptance for bitcoin in several businesses.
hero member
Activity: 1190
Merit: 534
January 08, 2017, 03:38:27 AM
I hope so while its continuing to outburst all over the world,in due time if everyone and even up to business,market and everything that goes beyond using bitcoin then i shall say that it maybe the future of money,come to think of it.As it continue to grow then why not?

I think if we are expecting the growth of bitcoin then we must do some contribution by building awareness about this technology, at least on our individual level. This technology has very strong core values which might be enough to give it more priority than the traditional fiat system. Businesses are always looking to reduce their costs and if bitcoin is helping them in doing so then why they won’t use it? I see a good picture for the companies like bitpay.
legendary
Activity: 3248
Merit: 1070
January 08, 2017, 03:08:44 AM
The price of bitcoins reached $1000. THEY ARE THE FUTURE. The ease of transactions, the security and the entire concept make bitcoins stand out. Some may argue, but they are definitely the future of currency. More heads are turning towards this concept.


for now if they don't come in agreement to the scaling solution bitcoin can't simply be the future of money with fee that will be bigger and bigger, and transactions that are stuck all over the place

imagine bitcoin reaching 1T and having still 1MB limit, millions of transaction would be stuck forever, and would only lead bitcoin to be unsed and eventually forgotten at some point
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