Is Bitcoin Really The Future Of Money? - page 108.

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Quote from: The_Dark_Knight on January 02, 2017, 07:43:31 PM

Quote from: n0ne on December 30, 2016, 05:03:04 PM

Quote from: talkbitcoin on December 30, 2016, 04:59:20 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.

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Quote from: n0ne on December 30, 2016, 05:03:04 PM

Quote from: talkbitcoin on December 30, 2016, 04:59:20 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.

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Quote from: abel1337 on January 02, 2017, 08:45:28 AM

Quote from: addicto on January 02, 2017, 07:24:04 AM

Bitcoin will be one of the future currencies as it has opened door to many opportunities and towards digital money showing good pattern based on blockchain. I don't have any doubt of it being important part of next digital money backed by different states. Bitcoin is future money all this money flow into it isn't for nothing.

I agree to you , Bitcoin can be the future money cause it is the number one crypto today and everyday many peoples is starting to use bitcoin as their second currency , But their is a possibility that bitcoin cannot survive in the future because we dont know if our governments has a plans to ban bitcoin in every counties we dont know what might happen in the future but im still believing that bitcoin will be our future money.

I don't think it can be the future money we are looking for. Because all people are satisfied with their respective fiat currencies. And for people who are looking for cashless systems we have now credit cards, debit cards, paypal. We know that this is enough for people who wants to interact with the online world. Bitcoin for me is just another payment method for all of us. But it will never will be the future of currency.

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Quote from: addicto on January 02, 2017, 07:24:04 AM

Bitcoin will be one of the future currencies as it has opened door to many opportunities and towards digital money showing good pattern based on blockchain. I don't have any doubt of it being important part of next digital money backed by different states. Bitcoin is future money all this money flow into it isn't for nothing.

I agree to you , Bitcoin can be the future money cause it is the number one crypto today and everyday many peoples is starting to use bitcoin as their second currency , But their is a possibility that bitcoin cannot survive in the future because we dont know if our governments has a plans to ban bitcoin in every counties we dont know what might happen in the future but im still believing that bitcoin will be our future money.

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Bitcoin will be one of the future currencies as it has opened door to many opportunities and towards digital money showing good pattern based on blockchain. I don't have any doubt of it being important part of next digital money backed by different states. Bitcoin is future money all this money flow into it isn't for nothing.

shiryu

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I guess all still on progress there is a possibility if the bitcoin can be the future of money. the problem is the government will allow it happened or not but i think that's impossible.

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Quote from: Daniel91 on January 01, 2017, 07:42:47 AM

Quote from: markyminer on January 01, 2017, 07:37:50 AM

Quote from: aso118 on December 31, 2016, 10:16:19 PM

Quote from: Japinat on December 31, 2016, 09:37:27 PM

Quote from: ?? on ??

Yes bitcoins are non reversible and we can set the fees as per the urgency of confirmation needed and hence they can be use widely just sometimes confirmations are slow moreover we still are not accepted at big sites.

With that system bitcoin has, it does not fit to what government like in our online transaction, they want to control things to ensure that we are doing it in compliance with the law. Bitcoin is only the future money of crypto currencies enthusiast but in general, it is not effective to implement it for the benefit of all. Legal tender is what people need as our trust in our government is still bigger compared to our trust with bitcoin network.

The Government won't be too unhappy with Bitcoin, because it leaves a trail. It might not be controllable, but in case of any wrongdoing, the blockchain is a permanent, immutable record.

the government will have to accept the importance of bitcoin, they have to respect the people interest and have to provide facilities to the people and bitcoin is really providing online buying and selling facilities to the people.

I don't think that any government will accept Bitcoin officially.
First, they have to work according to international financial laws and regulations.
World financial institutions know that Bitcoin is decentralized and can't be regulated or controlled.
Because of it, they will never officially accept Bitcoin.
Because of this, it's not possible that any single government officially recognize Bitcoin.
Bitcoin will remain as alternative, virtual way of payments but merchants, which accepts bitcoin, will have to transfer all results from bitcoin to ''hard currency'' accepted by authorities.

I think some government, I think Denmark, accepted it as an innovation. They are becoming the electronic city that is the future and I think will be a stepping stone towards the technological age or era. For sure some government will be scared to accept it because they can't tax it or regulate. They will think that everyone that uses Bitcoin are using it for illegal stuff, but not everyone.

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Quote from: markyminer on January 01, 2017, 07:37:50 AM

Quote from: aso118 on December 31, 2016, 10:16:19 PM

Quote from: Japinat on December 31, 2016, 09:37:27 PM

Quote from: ?? on ??

Yes bitcoins are non reversible and we can set the fees as per the urgency of confirmation needed and hence they can be use widely just sometimes confirmations are slow moreover we still are not accepted at big sites.

With that system bitcoin has, it does not fit to what government like in our online transaction, they want to control things to ensure that we are doing it in compliance with the law. Bitcoin is only the future money of crypto currencies enthusiast but in general, it is not effective to implement it for the benefit of all. Legal tender is what people need as our trust in our government is still bigger compared to our trust with bitcoin network.

The Government won't be too unhappy with Bitcoin, because it leaves a trail. It might not be controllable, but in case of any wrongdoing, the blockchain is a permanent, immutable record.

the government will have to accept the importance of bitcoin, they have to respect the people interest and have to provide facilities to the people and bitcoin is really providing online buying and selling facilities to the people.

I don't think that any government will accept Bitcoin officially.
First, they have to work according to international financial laws and regulations.
World financial institutions know that Bitcoin is decentralized and can't be regulated or controlled.
Because of it, they will never officially accept Bitcoin.
Because of this, it's not possible that any single government officially recognize Bitcoin.
Bitcoin will remain as alternative, virtual way of payments but merchants, which accepts bitcoin, will have to transfer all results from bitcoin to ''hard currency'' accepted by authorities.

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Quote from: aso118 on December 31, 2016, 10:16:19 PM

Quote from: Japinat on December 31, 2016, 09:37:27 PM

Quote from: ?? on ??

Yes bitcoins are non reversible and we can set the fees as per the urgency of confirmation needed and hence they can be use widely just sometimes confirmations are slow moreover we still are not accepted at big sites.

With that system bitcoin has, it does not fit to what government like in our online transaction, they want to control things to ensure that we are doing it in compliance with the law. Bitcoin is only the future money of crypto currencies enthusiast but in general, it is not effective to implement it for the benefit of all. Legal tender is what people need as our trust in our government is still bigger compared to our trust with bitcoin network.

The Government won't be too unhappy with Bitcoin, because it leaves a trail. It might not be controllable, but in case of any wrongdoing, the blockchain is a permanent, immutable record.

the government will have to accept the importance of bitcoin, they have to respect the people interest and have to provide facilities to the people and bitcoin is really providing online buying and selling facilities to the people.

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If the world stay as it is and there's no technology that will discover to replace Bitcoin,it's very likely that Bitcoin is the future so far bitcoin is doing perfectly to serve it's holders and it's merchants

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Bitcoin will not take over all the money/fiat, but as it is now it is a type of money, and it will become more and more popular. I suspect central banks will create their own cybercurrency, so bitcoin will not be the only future money.

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Quote from: iqlimasyadiqa on December 31, 2016, 11:01:48 PM

bitcoin is all the hope in the future. bitcoin will become a means of payment in the future that will be used by many people. system technology in the future will make bitcoin as a major currency.

Well, I also felt that it would happen. bitcoin is a very powerful technology to date, especially if the government accepts it. if bitcoin developed into a very advanced technology, I believe, can be made bitcoin money for the future. but I guess that will also change the economic system, because I feel bitcoin does not provide benefits for the government for now.

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Quote from: iqlimasyadiqa on December 31, 2016, 11:01:48 PM

bitcoin is all the hope in the future. bitcoin will become a means of payment in the future that will be used by many people. system technology in the future will make bitcoin as a major currency.

I think it is the future money for the world. It's a gift to the world by Satoshi Nakamoto; that's what I think. It's better compared to using PayPal, Banks, etc. There are no need for middleman just peer to peer transactions. It saves the time for sending money even across around the world; it doesn't require a large fee for transactions also.

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bitcoin is all the hope in the future. bitcoin will become a means of payment in the future that will be used by many people. system technology in the future will make bitcoin as a major currency.

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Quote from: Japinat on December 31, 2016, 09:37:27 PM

Quote from: ?? on ??

Yes bitcoins are non reversible and we can set the fees as per the urgency of confirmation needed and hence they can be use widely just sometimes confirmations are slow moreover we still are not accepted at big sites.

With that system bitcoin has, it does not fit to what government like in our online transaction, they want to control things to ensure that we are doing it in compliance with the law. Bitcoin is only the future money of crypto currencies enthusiast but in general, it is not effective to implement it for the benefit of all. Legal tender is what people need as our trust in our government is still bigger compared to our trust with bitcoin network.

The Government won't be too unhappy with Bitcoin, because it leaves a trail. It might not be controllable, but in case of any wrongdoing, the blockchain is a permanent, immutable record.

Japinat

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Quote from: ?? on ??

Yes bitcoins are non reversible and we can set the fees as per the urgency of confirmation needed and hence they can be use widely just sometimes confirmations are slow moreover we still are not accepted at big sites.

With that system bitcoin has, it does not fit to what government like in our online transaction, they want to control things to ensure that we are doing it in compliance with the law. Bitcoin is only the future money of crypto currencies enthusiast but in general, it is not effective to implement it for the benefit of all. Legal tender is what people need as our trust in our government is still bigger compared to our trust with bitcoin network.

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Quote from: tee-rex on December 31, 2016, 12:43:47 PM

Quote from: Mastsetad on December 31, 2016, 11:52:42 AM

Quote from: ?? on ??

I strongly believe, that bitcoin is money in the future
bitcoin can be used in all places and all countries, I think it will make people feel comfortable using it. bitcoin might be used as currency in the future so that it could make all the transactions become easier.

It can probably make the transactions more comfortable for people around the world, but it is not likely to happen as there are governments in the world and i don't think they would accept something like this, but they would rather try to make their own digital currencies if they want any change in world's monetary system.

But why would they want to make their own digital currencies if they already have the US dollar and payment processors like SWIFT, MasterCard, Visa, and PayPal? Or do you mean that they could establish their own version of Bitcoin between themselves with their central banks mining government bitcoins? This idea looks a bit outlandish, in my opinion. Roll Eyes

Every government making their own digital currency is a good joke in itself and it is not possible to do so and no government would dare to shift the focus of their economic system just like that,it is a possibility if you are planning to start a new country with a very low population Grin

a country with only digital assets would be a cool idea.

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Quote from: Mastsetad on December 31, 2016, 11:52:42 AM

Quote from: ?? on ??

I strongly believe, that bitcoin is money in the future
bitcoin can be used in all places and all countries, I think it will make people feel comfortable using it. bitcoin might be used as currency in the future so that it could make all the transactions become easier.

It can probably make the transactions more comfortable for people around the world, but it is not likely to happen as there are governments in the world and i don't think they would accept something like this, but they would rather try to make their own digital currencies if they want any change in world's monetary system.

But why would they want to make their own digital currencies if they already have the US dollar and payment processors like SWIFT, MasterCard, Visa, and PayPal? Or do you mean that they could establish their own version of Bitcoin between themselves with their central banks mining government bitcoins? This idea looks a bit outlandish, in my opinion. Roll Eyes

angaper

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In my opinion bitcoin as we know it is not exactly the future of money, but a good approximation of what emerging technologies can do to modify the foundations of the current economy and drive a change in the financial paradigms. And this is undoubtedly setting a benchmark for the need to experiment with new ideas to ensure a sustainable economy in the long term.

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The fact says that bitcoin value has increase and reach highest point , it means that more people trust on bitcoin
When more people use bitcoin, they make bitcoin become valuable and will be use as legal transaction such like money ( as we know bitcoin still risky currency at the moment )

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