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Topic: Is Bitcoin Really The Future Of Money? - page 123. (Read 68805 times)

full member
Activity: 186
Merit: 100
November 24, 2016, 03:43:03 PM
I don't see the bitcoin as the "future of money", at least no with all well-known problems it have (scalability, lack of legal framework, etc)
But the bitcoin protocol is brilliant, the concept itself. Imagine a blockchain for money, a blockchain for real estate, a blockchain for social services. That's a real Open World.
newbie
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November 24, 2016, 03:30:51 PM
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hero member
Activity: 798
Merit: 501
November 24, 2016, 03:20:05 PM
I would consider bitcoin the future of currency. Just look how far it has reached so far. Even poorer countries like South Africa has starting using it and accepting it as a form of payment for services rendered.
Now about the alternative coins being in that future. Well that is another story all together because bitcoin can try to be copied but never over taken as the one and only cryptocurrency. Grin
hero member
Activity: 924
Merit: 1001
November 24, 2016, 03:16:28 PM
I think for replace tradional money is never, for usage percentage maybe bigger than traditional money. Maybe bitcoin is first sign of new world order.


i agree for your statement that bitcoin cann't replace traditional money or real money because not yet all store accept them

Yes, i agree with them. Bitcoins still limited when it comes to acceptance. Not all people using bitcoins. Yes, a large number of bitcoin user rising daily but still many people are not yet famillar with bitcoins. Bitcoins is just an alternative way of paying other leople but still bitcoins can never replaced the traditional money. And if we cash it out, still we are changing bitcoins into traditional money so we still go back from the traditional.
]And this is true because bitcoin is a means to earn money, but not to pay for services and other things. I think that more than half of the users exactly what comes. Bitcoin is changing for real money.
I am also agree. Bitcoin is a digital currency that use as an alternative payment proccessor but its use was still limited, yes we can use bitcoins as payment in our bills and use it in investment but still have its limit. If you're account was not verified you cant cash out your bitcoibs so you can only use it on buying loads and bills payment. Money can buy anything thats why bitcoins can not be considered as future money.
What do you mean that you can not cashout your bitcoin without your account verified? Honestly many ways we can withdraw bitcoins we can also use western union to withdraw but it takes days before you can receive.. and i think you are using local wallet here in my country we have same that we can pay our bills load or etc. and we can still withdraw even my account was not verified because we remitances option here that we can withdraw bitcoin into fiat with in the day.. if we verified our account here in my country more option that we can use like instant withdrawal like egivecash..

Limitation for bitcoin is gradually decreases and more stores shop and also local store are gradually accepting bitcoin as payment and i hope that like in paris that our country will accept bitcoin also as payment mode..
hero member
Activity: 994
Merit: 544
November 24, 2016, 02:36:19 PM
I think for replace tradional money is never, for usage percentage maybe bigger than traditional money. Maybe bitcoin is first sign of new world order.


i agree for your statement that bitcoin cann't replace traditional money or real money because not yet all store accept them

Yes, i agree with them. Bitcoins still limited when it comes to acceptance. Not all people using bitcoins. Yes, a large number of bitcoin user rising daily but still many people are not yet famillar with bitcoins. Bitcoins is just an alternative way of paying other leople but still bitcoins can never replaced the traditional money. And if we cash it out, still we are changing bitcoins into traditional money so we still go back from the traditional.
]And this is true because bitcoin is a means to earn money, but not to pay for services and other things. I think that more than half of the users exactly what comes. Bitcoin is changing for real money.
I am also agree. Bitcoin is a digital currency that use as an alternative payment proccessor but its use was still limited, yes we can use bitcoins as payment in our bills and use it in investment but still have its limit. If you're account was not verified you cant cash out your bitcoibs so you can only use it on buying loads and bills payment. Money can buy anything thats why bitcoins can not be considered as future money.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
November 20, 2016, 05:44:16 AM
May be there is hope that bitcoin could become international cryptocurrency and definitely it's the future currency. not necessary that bitcoin would become future money but even if other money becomes future money then also bitcoin is three foundation of all.
First you need to answer yourself what currency you now most needed. What do you use every day and which take their profits. I can definitely answer these questions it is real money and only bitcoin is of secondary importance, and extra income. But still we need real money.
I know what currency I need but I want bitcoin for my future, as a person and investor by heart I do not intend to see only one coin in the future as I am happy with the current situation now, the fact that fiat is existing and I can also bitcoin as my investment it gives me more meaningful life.
hero member
Activity: 1092
Merit: 500
November 20, 2016, 05:41:08 AM
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

In my assessment, I think there is a possibility that bitcoin can be the future money, but sounds scared to me. But I really do believe it really can be, especially the price right now is continue increasing not decreasing meaning there are more people became more interested into bitcoin so far.
full member
Activity: 195
Merit: 100
November 20, 2016, 05:03:24 AM
May be there is hope that bitcoin could become international cryptocurrency and definitely it's the future currency. not necessary that bitcoin would become future money but even if other money becomes future money then also bitcoin is three foundation of all.
First you need to answer yourself what currency you now most needed. What do you use every day and which take their profits. I can definitely answer these questions it is real money and only bitcoin is of secondary importance, and extra income. But still we need real money.
full member
Activity: 154
Merit: 100
November 20, 2016, 04:59:26 AM
May be there is hope that bitcoin could become international cryptocurrency and definitely it's the future currency. not necessary that bitcoin would become future money but even if other money becomes future money then also bitcoin is three foundation of all.
sr. member
Activity: 644
Merit: 261
November 20, 2016, 04:56:03 AM
It's possible that bitcoin would be the future of money because as we can observe in our daily lives, almost all the transactions can be done digitally so a digital currency that would be the medium of payment in the future is really possible. Given that what is happening to the world now and the economy in which the value of fiat currency is dropping gradually because of inflation, people will find a way to preserve or maintain their financial status by investing into something that is increasing in value as time goes by and one of the choices would be bitcoin. When there is already mass adoption then bitcoin would not be a foreign word for anyone anymore because almost everyone would be familiar with it. Maybe it would not totally make the fiat currency disappear but it would co-exist with it and people will have the choice to use either fiat or digital currency as payment option.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
November 20, 2016, 04:42:38 AM
I can say bitcoin bring new innovation in the current money system.  Banks are considering to adopt bitcoin technology, thus other are planning to setup crypt banks.  But Bitcoin being the currency of the whole world is simply impossible.  Every nation may have an interest to bitcoin and its technology but am sure it will adopt the technology and create its own crypto currency than their finance systembeing ruled by decentralized currency.  So i think bitcoin will have affect the future of money but it is not the future of money.
hero member
Activity: 770
Merit: 500
November 20, 2016, 04:17:26 AM
I am sure bitcoin can become the future of money, bitcoin is one of the currency that decentralized, it gives freedom to users to control the value and within the technology development, I am sure digital currency can become one of the efficient payment in the future, plus the value of bitcoin is keeping getting better, I think more people will invest and use bitcoin in the future
Well we can't tell anything about the future of bitcoin as bitcoin tends to be quite unstable and unpredictable. But according to the recent trend of bitcoin, this cryptocurrency is making a revolution with its decentralisation, rising price so I think it will somehow have a positive impact on the future and maybe make the government have to accept it eventually Grin
hero member
Activity: 1330
Merit: 569
November 20, 2016, 04:02:20 AM
The future of money is actually difficult to predict but following the trend, the popularity of Bitcoin is really expanding and even over here, the awareness is just going at a geometric rate couple with the rate of increase in the price of the community. In essence I am saying that if this trend should continue, then we are having a major shift from the traditional way of which we see money and its happening soon.
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
November 20, 2016, 04:01:19 AM
Yes , because this is the way , for example you're in a work , therefore you have a monthly or weekly salary , it is the same here in bitcoin , but your money is the bits that you can convert into money.  Angry Grin
As if we did not want the paper money will still be in use even in the future. I do not think that many people who had never even used a bank card, not to mention the Internet, will be studying oddities bitcoin.

Internet was becoming the everyday needs, But the paper money will still exist until next era. Who are use bitcoin and I may think sometimes he needs to trade his bitcoin for paper money and I believe that it is so far from it.
legendary
Activity: 1414
Merit: 1002
= jasad =
November 20, 2016, 03:24:20 AM
I think bitcoin can get really important... Of course, political leaders won't like this, but if they don't give us a good currency, bitcoin can only get more and more popular.

Yeah, I think why politicians hate this coin is because they cannot collect taxes in every transactions we are making because they don't legalize the usage of bitcoin. And they don't want to legalize this because the fiat will soon be overpowered by bitcoin. In this case, it will affect their economy and the one who will benefit is us. The holders and users of bitcoin. If it is legalized, the demand will increase and the price also. And we, the holders of bitcoin will gain profit and they got none because they are just starting to hold it.
you know bitcoin not always about not taxabe and not provide income to government ,
bitcoin also treat fiat , on how this cryptocurrency used globally ,
they afraid soon or later people leaving their own national currency ,
and move to bitcoin so it is pretty sure bitcoin future of money.
full member
Activity: 185
Merit: 100
November 20, 2016, 02:58:24 AM
Yes , because this is the way , for example you're in a work , therefore you have a monthly or weekly salary , it is the same here in bitcoin , but your money is the bits that you can convert into money.  Angry Grin
As if we did not want the paper money will still be in use even in the future. I do not think that many people who had never even used a bank card, not to mention the Internet, will be studying oddities bitcoin.
newbie
Activity: 56
Merit: 0
November 19, 2016, 09:52:31 PM
Yes , because this is the way , for example you're in a work , therefore you have a monthly or weekly salary , it is the same here in bitcoin , but your money is the bits that you can convert into money.  Angry Grin
hero member
Activity: 599
Merit: 500
November 19, 2016, 09:46:25 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 think the Bitcoin will success by 80%,now it just needed to be spreaded by us.
legendary
Activity: 1666
Merit: 1001
November 19, 2016, 09:13:38 PM
I am sure bitcoin can become the future of money, bitcoin is one of the currency that decentralized, it gives freedom to users to control the value and within the technology development, I am sure digital currency can become one of the efficient payment in the future, plus the value of bitcoin is keeping getting better, I think more people will invest and use bitcoin in the future
sr. member
Activity: 490
Merit: 250
November 19, 2016, 09:07:25 PM
I'm sure it will. Bitcoin is the most famous cryptocurrency so far. Bitcoin popularity keeps rising each day and getting more known to people. People are interested with bitcoin because it has many advantages, such as decentralized, anonymous, secure, and fast transactions. Also bitcoin price is tends to increase each year. So, I believe bitcoin has will be globally adopted in future.
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