Is Bitcoin Really The Future Of Money? - page 106.

Dudeperfect

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Quote from: danherbias07 on January 05, 2017, 11:24:56 AM

We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.

Because Bitcoin, being a pioneer in crypto technology has some unique feature which is not available in fiat system and hence the popularity is increasing day by day. I have no doubt that in next ten years we would have a growth rate of 100% or more regarding worldwide users and people would prefer bitcoin over PayPal or Visa.

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Quote from: danherbias07 on January 05, 2017, 11:24:56 AM

We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.

Yeah , Because few countries have banned the bitcoin for their own reason . So it may be happened that any new countries will came in the list of banned bitcoin .
I think if it became a widely use currency then there will be some change made by the bitcoin like verification of bitcoin address by e-KYC verification .
But the current fluctuation of bitcoin directly telling us what the current power of bitcoin is in the world .

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We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.

ether19

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It is hard to say what will happen in future. With that being said, I believe bitcoin has what it takes it to be the money of the future. We have seen many clones of bitcoin coming out and competing with it. But bitcoin is here to stay and rule over them. Everything is fine as long as there are no bugs in the code and no quantum computers break the SHA 256 algo.

Digitalbitcoin

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Bitcoin is really successful experiment with combination of blockchain and cryptography. Already bitcoin have become master currency among cryptomarket. And as any of altcoin is evaluated in bitcoin, considering all these facts, it taking to new era of technology with decentralized technology. If such technology accepted by people then it will definitely become a milestone in history ever.

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Quote from: comrades on January 05, 2017, 06:37:28 AM

It can be possible that bit coin can be future money because it is easy to exchange money every you are. We must support bit coin.

I agree with you . that bitcoin now have easy compared with other currencies. bitcoin gives us access where we are. with a centralized system, the bitcoin network will have a high level of security. everyone will be using bitcoin in the future.

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Quote from: Positid on January 04, 2017, 09:53:20 PM

Quote from: Decoded on January 04, 2017, 09:41:13 PM

Bitcoin is the start of a revolution. Maybe not the future of money, since it still has many flaws, but the forefather of online data storage and proof of integrity. For this reason, I believe Bitcoin will always have value.

The value can already be seen right now and I see too much value for bitcoin. It's the future of crypto as no crypto currencies can compete with bitcoin right now. You are right, not the future of money.

yes we can call it the future of money and the reason is that people trend toward the bitcoin is changing from time to time and now people trend is toward online currency the mostly use online services for paying bill and so many ohter purposes.

comrades

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It can be possible that bit coin can be future money because it is easy to exchange money every you are. We must support bit coin.

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Quote from: JANGKRIK BOSS on January 05, 2017, 04:15:11 AM

Quote from: dearbesz1219 on January 05, 2017, 01:39:12 AM

Nowadays, in bitcoin community I observed that not all bitcoin enthusiast here believe that bitcoin is the future of money, there are some bitcoin fanatic because they got profit into it. or they're just go with the flow only where the trend is.

Yes I agree, I fear that there was a large community that very fanatic and dominates the bitcoin so could manipulate the prices.

To become a future money surely it takes cooperation and a global deal, and the most important is bitcoin must be known to many people. Based on existing data, the bitcoin user is not more than 1% of the total world population, surely it became hard work together so that users of the bitcoin on the rise.

Bitcoin still be considered as gold, stocks and not yet be considered as really money, b'cause still there are no many people using bitcoin for transaction. but for me, i still can earn more money using bitcoin.

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Quote from: dearbesz1219 on January 05, 2017, 01:39:12 AM

Nowadays, in bitcoin community I observed that not all bitcoin enthusiast here believe that bitcoin is the future of money, there are some bitcoin fanatic because they got profit into it. or they're just go with the flow only where the trend is.

Yes I agree, I fear that there was a large community that very fanatic and dominates the bitcoin so could manipulate the prices.

To become a future money surely it takes cooperation and a global deal, and the most important is bitcoin must be known to many people. Based on existing data, the bitcoin user is not more than 1% of the total world population, surely it became hard work together so that users of the bitcoin on the rise.

dearbesz1219

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Nowadays, in bitcoin community I observed that not all bitcoin enthusiast here believe that bitcoin is the future of money, there are some bitcoin fanatic because they got profit into it. or they're just go with the flow only where the trend is.

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Quote from: GMPoison on January 03, 2017, 09:03:07 PM

Quote from: The_Dark_Knight on January 03, 2017, 08:38:10 PM

Quote from: Maslate on January 02, 2017, 10:01:50 PM

Quote from: The_Dark_Knight on January 02, 2017, 08:43:31 PM

Quote from: n0ne on December 30, 2016, 06:03:04 PM

Quote from: talkbitcoin on December 30, 2016, 05:59:20 AM

in the future bitcoin will be used more as a currency but it will never replace "money" or fiat as we know it. because that would mean replacing the centralized, government controlled fiat which is not possible at all.

Most countries everything is getting digitalized as well trying to implement their own fiat in digital form. This is the only way to make a centralized digital currency. So bitcoin is considered as a base and countries involve in making their own digital currency with the same technology rather than using bitcoin officially.

Correct but even if those coins are based on bitcoin, they are nothing like the original, if you think that governments get in your business wait until they have their own crypto and they can see every single transaction that you have made.

It can give comfort to people who trust the government and wants a faster and cheaper transaction but for us who always want our transaction to be anonymous, we will always be in trust with bitcoin. There's not problem with different online payment method as all people can benefit although not the same system.

So, to say that bitcoin is the future of Money, yes, but only to us.

The problem with that is the government will know everything you have done with your money, at least right now we have cash that allows us to buy something without leaving a paper trail back to us, but that will not possible with a government coin.

Well remember it's not a government coin even if the government has their eyes on it. No matter what it is still decentralized. A digital trail is what we want, it could end so much corruption in governments and corporations.

I was not talking about bitcoin but about a possible coin created by the governments of the world that will be similar to bitcoin except that it will have all the things we hate about fiat, like monitoring your activities, stealing your money, taxation.

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Quote from: Decoded on January 04, 2017, 09:41:13 PM

Bitcoin is the start of a revolution. Maybe not the future of money, since it still has many flaws, but the forefather of online data storage and proof of integrity. For this reason, I believe Bitcoin will always have value.

The value can already be seen right now and I see too much value for bitcoin. It's the future of crypto as no crypto currencies can compete with bitcoin right now. You are right, not the future of money.

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Quote from: Decoded on January 04, 2017, 09:41:13 PM

Bitcoin is the start of a revolution. Maybe not the future of money, since it still has many flaws, but the forefather of online data storage and proof of integrity. For this reason, I believe Bitcoin will always have value.

Couldn't have said it better myself, except I do think that a lot of the flaws it has can of course be improved upon.

Decoded

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Bitcoin is the start of a revolution. Maybe not the future of money, since it still has many flaws, but the forefather of online data storage and proof of integrity. For this reason, I believe Bitcoin will always have value.

Ocytrem

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Yes I think that it can be the future of money but we are still far away from it, who knows it can be done but its hard to tell right now.

mrb06

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Governments look at bitcoin as a flaw. We look at it as freedom. The USA will never adapt it because they cant control it. If the US finds a way to control it then we will render it useless. The USD controls the world. You do something bad they will sanction you(Russia). With Bitcoin they cant control other countries and make them play by US rules. Look at what pisses the US treasury off countries that are not attached to their banking systems St. Kitts and Nevis, St. Vincent and the Grenadines there are a lot more. They pretty much made the Swiss play by their rules. The treasury knows if they come out with their own coin. We would never adapt it because it would be controlled, not decentralized. We would try our hardest to tank it lol.

Personally I love it. Its better than cash. Its hard to steal. It gives the people a piece of the action with mining. I am a newbie I been watching u guys chit chat for years then I finally grew a set and started Mining.

Thanks for the Content I have really been able to learn a lot from you guys.

gilangIDR

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bitcoin is of course a future currency. bitcoin created with sophisticated technology. so it can be accessed easily. whenever and wherever we are we can use bitcoin.

ufaiz50

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Quote from: Sictalfia on January 04, 2017, 12:53:02 PM

Quote from: gredisgold88 on January 04, 2017, 12:47:46 PM

it is the story of a bitcoin, it is not easy to convince people that bitcoin is not a ponzi, but we can not say 100 ℅ that bitcoin net of sekema Ponzi, Ponzi many who use bitcoin, but bitcoin is not a ponzi

An article in the financial times thinks the bitcoin is a ponzi.

bitcoin is Unique algorithms are resolved (miner), very different with ponzi. many are using a ponzi scheme in cloud mining

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Quote from: poplolnman on January 04, 2017, 08:43:43 AM

Quote from: VeneVici on January 04, 2017, 08:24:39 AM

Quote from: al0203 on January 04, 2017, 07:35:37 AM

maybe , if the government make it and approve it . Because i think some people in the lower class cant afford this bitcoin as a future money.

"some" people can mean hundreds of millions in very poor countries, maybe billions worldwide. It's not that they can't afford to buy it, but they either don't have a phone, a PC or even if they have one of them/both, they cannot afford electricity & internet connection. Think about Venezuela - who would be able to use Bitcoin there, when they can't even afford to buy food to eat?

that was a good example, if you look at zimbabwe and several africa countries who actively develop bitcoin business . isn't it make you wondering why? bitcoin are universal , there is no poor or rich . the one who need can have bitcoin in any way no matter there is hard place to get internet access or whatever.

Exactly. If you don't has as much money, then you can just buy part of a Bitcoin instead of a whole Bitcoin. It would also be a good investment for them because the price is rising and they would earn more money. Bitcoin doesn't discriminate.

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