Is Bitcoin Really The Future Of Money? - page 121.

Palodar

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Quote from: fiscorcle on November 28, 2016, 08:00:27 AM

Anything that induces progress in the evolution of mankind is what it beholds in our future. So why deny it any longer with trying to surpress what bitcoin is and can do for the economies of the world? Just does not make any sense with what I have read here so far.

Right. It can be ,but probably a must money in online World, it is being adopted now by many users and it is greatly developing now. So let us just enjoy that we already knew bitcoin. Because some doesnt even heard anything about it yet.

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Anything that induces progress in the evolution of mankind is what it beholds in our future. So why deny it any longer with trying to surpress what bitcoin is and can do for the economies of the world? Just does not make any sense with what I have read here so far.

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Quote from: Vaskiy on November 27, 2016, 12:42:28 PM

Bitcoin will gets used as a money in the future. Recent days more and more digital currencies have been coming into existence. But bitcoin has got increased potential for which, when days of digitalization happens over the entire world or at least in few nations.

Bitcoin has been used as money since the very early days where the price was nothing more than peanuts. On another note, the world is indeed becoming more digital, but that doesn't mean only Bitcoin will benefit from this. Governments and banks are doing everything to push their fiat system further in the economy by giving people a very well established payment platform to transact instantly without any fees. Plus, people also benefit from it as every purchase they do is insured. In that regard, the average joe will most likely not jump into Bitcoin because of the currency aspect. If they at some point decide to come over, then it will be due to the fact that they can store money outside the reach of banks and governments, and that it is a great investment option.

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Quote from: ameerrosic on November 06, 2016, 06:03:14 PM

Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this rhetoric, it’s not all that difficult to compare the rise of bitcoin to that of another technology: the World Wide Web. http://blockgeeks.com/questions/what-is-your-future-predictions-of-bitcoin/#comment-604

I do believe 100% that bitcoin is the future of Money. Because nowadays little by little some of the countries adopting the system of bitcoin.

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Bitcoin will gets used as a money in the future. Recent days more and more digital currencies have been coming into existence. But bitcoin has got increased potential for which, when days of digitalization happens over the entire world or at least in few nations.

Rahees

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It could be but I dont really see it being the future of money.

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Quote from: ameerrosic on November 06, 2016, 06:03:14 PM

Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this rhetoric, it’s not all that difficult to compare the rise of bitcoin to that of another technology: the World Wide Web. http://blockgeeks.com/questions/what-is-your-future-predictions-of-bitcoin/#comment-604

Actually Bitcoin is declared waste or dead many times but mainly it is declared by the writers or some bloggers and not by the user or bitcoin officially statement So we can say loudly that it is future currency of online world .

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Quote from: Mastsetad on November 27, 2016, 10:40:32 AM

Quote from: chineseprancing on November 26, 2016, 07:15:17 AM

There is no doubt that bitcoin would be great money in the future but i think it will remain no physical money to spend in offline transaction.

Bitcoin wont need to have a physical existence i guess, because we can see the progress in technology these days and we can surely imagine of a more digital world in coming time, so monetary systems can also be digitalized and bitcoin is already digital, so it would be a brighter future with the same shape i guess.

We don't what will be happen in the future since some people right now are holding physical bitcoin like cassacius coin so maybe in the future they will develop and make a physical coin for faster transaction depends if the transaction of bitcoin in the future is more slow than now..

jeraldskie11

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Quote from: ameerrosic on November 06, 2016, 06:03:14 PM

Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this rhetoric, it’s not all that difficult to compare the rise of bitcoin to that of another technology: the World Wide Web. http://blockgeeks.com/questions/what-is-your-future-predictions-of-bitcoin/#comment-604

My answer is no, why I said no? I said no because Bitcoin is not a real money. It is only a cryptocurrency, you buy all your needs using that Bitcoin directly like foods, clothes, etc. So that will never be happen anymore.

Mastsetad

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Quote from: chineseprancing on November 26, 2016, 07:15:17 AM

There is no doubt that bitcoin would be great money in the future but i think it will remain no physical money to spend in offline transaction.

Bitcoin wont need to have a physical existence i guess, because we can see the progress in technology these days and we can surely imagine of a more digital world in coming time, so monetary systems can also be digitalized and bitcoin is already digital, so it would be a brighter future with the same shape i guess.

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Quote from: bamboylee on November 27, 2016, 09:56:29 AM

It can be. All I know is, cryptocurrency have a great future. It can be bitcoin or a better crypto that can be the future of money. There are still a lot to improve to bitcoin and if they can improve it, it can be the future. But if not, maybe another crypto will be and bitcoin is just another step for a better currency.

Considering other cryptos I think bitcoin really is the future of money. The user base keeps on increasing the prices will keep on rising and then attract more and more traders. Once it become saturated, the prices will remain fairly constant and this will attract more merchants.

In a away it is shaping the future of money.

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Quote from: mirakal on November 27, 2016, 12:54:18 AM

Quote from: Japinat on November 26, 2016, 10:50:34 PM

Quote from: bluefirecorp on November 26, 2016, 04:54:11 PM

yes offcourse bitcoin will be the future of money sooner because there is a lot of people are going to buy bitcoin in huge amount and then holding its for the future because they know that bitcoin is the future money and bitcion is really go ahead.

If they but just to hold then it will not help to be the future of money as money is suppose to be spent and with bitcoin, it needs to be spent to increase the market circulation. What is more important here is we do not only hold we have to make a balance way to help bitcoin succeed in the future.

Holding will only help yourself but spending will help on the market of bitcoin to improve. People are really smart nowadays especially in crypto as they are making benefits at others expense. For example, we love to promote gambling sites so people will gamble and it will create demand which makes the price rise again.

People are selfish brutes overall

And still more so in respect to trading in particular and money in general. And there is no way to escape from this. On the other hand, there is no need either. People will spend bitcoins (instead of holding them) when it will become more profitable to spend than hold, or less wasting, which is basically the same. For example, if Bitcoin price (and value) stabilizes in certain range, the hoarders will be discouraged from holding, while merchants, conversely, encouraged to use Bitcoin as a means of payment for their goods and services

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Quote from: groll on November 27, 2016, 09:52:54 AM

Quote from: croutonhexagon on November 27, 2016, 09:17:44 AM

Already is going to be used by all over the world. Now itself bitcoin is used by many people across the world and in future there will at least 80% of the population who will prefer bitcoin over traditional currency because it had much more advantage they traditional currency.

Yes, bitcoin was already part of future money, the acceptance of bitcoins worlwide was really happening. In some country, bitcoins are already accepted in some merchants, this only proves that many people are now recognizing bitcoins as a money, as an alternative way of payment aside from the traditional paper money or currency. Bitcoins will definitely a future money.

It might just happen, but it's all too dependent on growth and condition in the future. for all the things that we think will be a very good future in fact be something that is not good for the world. so this all might just happen, but we cannot determine if this is actually the case or not. Better think how to find bitcoin as possible than should be giddy thinking of the future

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It can be. All I know is, cryptocurrency have a great future. It can be bitcoin or a better crypto that can be the future of money. There are still a lot to improve to bitcoin and if they can improve it, it can be the future. But if not, maybe another crypto will be and bitcoin is just another step for a better currency.

groll

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Quote from: croutonhexagon on November 27, 2016, 09:17:44 AM

Already is going to be used by all over the world. Now itself bitcoin is used by many people across the world and in future there will at least 80% of the population who will prefer bitcoin over traditional currency because it had much more advantage they traditional currency.

Yes, bitcoin was already part of future money, the acceptance of bitcoins worlwide was really happening. In some country, bitcoins are already accepted in some merchants, this only proves that many people are now recognizing bitcoins as a money, as an alternative way of payment aside from the traditional paper money or currency. Bitcoins will definitely a future money.

croutonhexagon

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Already is going to be used by all over the world. Now itself bitcoin is used by many people across the world and in future there will at least 80% of the population who will prefer bitcoin over traditional currency because it had much more advantage they traditional currency.

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Quote from: lorylore on November 27, 2016, 02:43:16 AM

Btc is part of the future of money. This can be seen as more and more bank are trying to tap on the technology of btc and blockchain. For my country, we have all the 3 main bank doing testing on how to make sure of blockchain. It is not an easy process but i really hope they can find a way to implement it.

Could you expand more on this or post a link with specific details on what they are testing? It would be interesting to learn more about how Bitcoin and the blockchain technology might help banks in the future. Is it related to making fiat payments more efficient, or are they developing their own cryptocurrencies?

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Btc is part of the future of money. This can be seen as more and more bank are trying to tap on the technology of btc and blockchain. For my country, we have all the 3 main bank doing testing on how to make sure of blockchain. It is not an easy process but i really hope they can find a way to implement it.

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Quote from: Japinat on November 26, 2016, 10:50:34 PM

Quote from: bluefirecorp on November 26, 2016, 04:54:11 PM

yes offcourse bitcoin will be the future of money sooner because there is a lot of people are going to buy bitcoin in huge amount and then holding its for the future because they know that bitcoin is the future money and bitcion is really go ahead.

If they but just to hold then it will not help to be the future of money as money is suppose to be spent and with bitcoin, it needs to be spent to increase the market circulation. What is more important here is we do not only hold we have to make a balance way to help bitcoin succeed in the future.

Holding will only help yourself but spending will help on the market of bitcoin to improve. People are really smart nowadays especially in crypto as they are making benefits at others expense. For example, we love to promote gambling sites so people will gamble and it will create demand which makes the price rise again.

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Quote from: bluefirecorp on November 26, 2016, 04:54:11 PM

yes offcourse bitcoin will be the future of money sooner because there is a lot of people are going to buy bitcoin in huge amount and then holding its for the future because they know that bitcoin is the future money and bitcion is really go ahead.

If they but just to hold then it will not help to be the future of money as money is suppose to be spent and with bitcoin, it needs to be spent to increase the market circulation. What is more important here is we do not only hold we have to make a balance way to help bitcoin succeed in the future.

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