Is Bitcoin Really The Future Of Money? - page 96.

Kasabus

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Quote from: Mr. Big on January 24, 2017, 03:04:58 AM

Quote from: hajimasan on January 24, 2017, 02:50:40 AM

It might not be the future currency but it could be the ideal or role model for other coins because of its highly secure and transparent payment system and other futureproof features

It is a perfect model for the new generation money system... However it is very much different from our real money system... It's transparency is good, but I think it is not a good idea for those who has a lot of fund in their account like those people who do shady jobs to earn. It will expose a lot of this, maybe one of the thing that it will break is the bank secrecy law which looks good to some and not for some...

It will not break the bank secrecy law because in the first place there is no law in using bitcoin, using it is very transparent as you can trace your transact using the public ledger but your personal identity will not be expose. Our bank is the exchange sites and if they will divulge our information then we will have a problem.

Windpower

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Quote from: ameerrosic on November 06, 2016, 05:03:14 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

There are a lot of stupid people in the world that start really dumb rumours, and then there are even more stupid people who believe those rumours. Bitcoin has never died, look at the price now, there is a long way for it to go if it is going to die. I definitely believe that it will have a lot of influence on the future of money, the fact that it is decentralized is great. However, I don't think that it will become the future of money. A lot of people like that they can store their money by themselves, and that no one can manipulate or take away their coins.

Mr. Big

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Quote from: hajimasan on January 24, 2017, 02:50:40 AM

It might not be the future currency but it could be the ideal or role model for other coins because of its highly secure and transparent payment system and other futureproof features

It is a perfect model for the new generation money system... However it is very much different from our real money system... It's transparency is good, but I think it is not a good idea for those who has a lot of fund in their account like those people who do shady jobs to earn. It will expose a lot of this, maybe one of the thing that it will break is the bank secrecy law which looks good to some and not for some...

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It might not be the future currency but it could be the ideal or role model for other coins because of its highly secure and transparent payment system and other futureproof features

ASHLIUSZ

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Quote from: bravehearth0319 on January 24, 2017, 02:26:46 AM

Yes there is a chance that it will become the future of money. But in my side of opinion I would rather to choose Bitcoin as great investment assets compare to become a one world currency. Because if that happen bitcoin will no longer be different in ordinary currency by each country. This only my thoughts and speculation. And I respect what you are believing into bitcoin, although I'm also a bitcoin enthusiast.

Now too its been considered as a currency which has only the digital form. As said above there is no need of any compliance that it needs to be used only as an investment, when it also has an acceptance as a currency its an convenience for us. Only when this circulation in the form of currency increases the profit for the investments too will increase gradually.

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Quote from: vaxo_nba on January 24, 2017, 01:08:45 AM

I share opinion the most of the members claim here that fiat must be replaced sometime but I don't think this will be such quickly. First of all knowledge should be increased in this sphere in order to avoid next "revolution" in finances.

Indeed. The best is yet to come. We have to wait because right now is not a good time for Bitcoin to become a global currency. There are many countries can not understand how Bitcoin work or even how a smartphone work. There are still many discrepancies between countries and countries. Therefore, Bitcoin will need at least 50 years in order to be used widely on this planet

shane

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people scare to use bitcoin as currency in real life, because the price of bitcoin is highly volatile, imagine if we buy a smartphone worthed $1000, the buyer want to use bitcoin, and the seller accept it with rate 1bitcoin = $1000.
then in next day bitcoin price drop so much to $600, and the seller lost his $400 (value) if he sell his bitcoin, whereas the seller wants to buy some mobile phones for stock.

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Quote from: bravehearth0319 on January 24, 2017, 02:26:46 AM

Yes there is a chance that it will become the future of money. But in my side of opinion I would rather to choose Bitcoin as great investment assets compare to become a one world currency. Because if that happen bitcoin will no longer be different in ordinary currency by each country. This only my thoughts and speculation. And I respect what you are believing into bitcoin, although I'm also a bitcoin enthusiast.

No doubt about that, I too wants bitcoin to be like this, but of course I want it to be a international currency too. But to be the main currency of the world, or replace other currencies, no, I really don't see bitcoin to be like that. What's possible is it will be known as money in the internet. If it becomes the future of money then probably lots changes to it will happen.

bravehearth0319

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Yes there is a chance that it will become the future of money. But in my side of opinion I would rather to choose Bitcoin as great investment assets compare to become a one world currency. Because if that happen bitcoin will no longer be different in ordinary currency by each country. This only my thoughts and speculation. And I respect what you are believing into bitcoin, although I'm also a bitcoin enthusiast.

vaxo_nba

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I share opinion the most of the members claim here that fiat must be replaced sometime but I don't think this will be such quickly. First of all knowledge should be increased in this sphere in order to avoid next "revolution" in finances.

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Quote from: ironm@n on January 24, 2017, 12:40:39 AM

Quote from: dearbesz1219 on January 23, 2017, 11:09:42 PM

Quote from: BingoDog on November 06, 2016, 06:14:57 PM

Cryptocurrencies including Bitcoin are the future whether someone like it or not. Sooner or later they will become equal to fiat money. New technologies are taking place of old ones and so it's in the world of finances. The development of cryptocurrencies can't be stoped anymore.

That's right, though before many critics accused that bitcoin is one of the scam sites, and some says also it is ponzi scheme, But the result of their criticizing into bitcoin is the main reason why more people are get interested to use it. And because of that the demand of the community was instantly increase so the value is rapidly increase like a skyrocket. So this is a sign of why bitcoin will become a future digital currency.

Certainly many critics have no idea what Bitcoin is. Bitcoin is an electronic payments system, functioning in a decentralized manner and supported by people around the globe. This has nothing to do with scam websites. Some people associate Bitcoin with bad things because there are scammers who try to associate the reputation of Bitcoin to their ponzi schemes. The point is that this is something that has no connection to the Bitcoin network.

Having a limited knowledge about bitcoin, you will be convince to believe that bitcoin is scam due to Ponzis and HYIP that is rampant in the internet. Newbies falls victim to this one and they have a very bad experience at the start of their journey to bitcoin. I hope thy will not just quit, instead, they will make a good research to improve their knowledge and be hopeful that the next attempt to invest would be successful.

ironm@n

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Quote from: dearbesz1219 on January 23, 2017, 11:09:42 PM

Quote from: BingoDog on November 06, 2016, 06:14:57 PM

Cryptocurrencies including Bitcoin are the future whether someone like it or not. Sooner or later they will become equal to fiat money. New technologies are taking place of old ones and so it's in the world of finances. The development of cryptocurrencies can't be stoped anymore.

That's right, though before many critics accused that bitcoin is one of the scam sites, and some says also it is ponzi scheme, But the result of their criticizing into bitcoin is the main reason why more people are get interested to use it. And because of that the demand of the community was instantly increase so the value is rapidly increase like a skyrocket. So this is a sign of why bitcoin will become a future digital currency.

Certainly many critics have no idea what Bitcoin is. Bitcoin is an electronic payment system, functioning in a decentralized manner and supported by people around the globe. This has nothing to do with scam websites. Some people associate Bitcoin with bad things because there are scammers who try to associate the reputation of Bitcoin to their ponzi schemes. The point is that this is something that has no connection to the Bitcoin network.

millgates

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Quote from: dearbesz1219 on January 23, 2017, 11:09:42 PM

Quote from: BingoDog on November 06, 2016, 06:14:57 PM

Cryptocurrencies including Bitcoin are the future whether someone like it or not. Sooner or later they will become equal to fiat money. New technologies are taking place of old ones and so it's in the world of finances. The development of cryptocurrencies can't be stoped anymore.

That's right, though before many critics accused that bitcoin is one of the scam sites, and some says also it is ponzi scheme, But the result of their criticizing into bitcoin is the main reason why more people are get interested to use it. And because of that the demand of the community was instantly increase so the value is rapidly increase like a skyrocket. So this is a sign of why bitcoin will become a future digital currency.

I agree, bitcoin is appropriate for the future. So many advantages of bitcoin that will help the world to be better. The most important thing is we have to replace fiat by something better, because fiat is no longer appropriate for us.

dearbesz1219

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Quote from: BingoDog on November 06, 2016, 06:14:57 PM

Cryptocurrencies including Bitcoin are the future whether someone like it or not. Sooner or later they will become equal to fiat money. New technologies are taking place of old ones and so it's in the world of finances. The development of cryptocurrencies can't be stoped anymore.

That's right, though before many critics accused that bitcoin is one of the scam sites, and some says also it is ponzi scheme, But the result of their criticizing into bitcoin is the main reason why more people are get interested to use it. And because of that the demand of the community was instantly increase so the value is rapidly increase like a skyrocket. So this is a sign of why bitcoin will become a future digital currency.

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Quote from: kwuccduck on January 23, 2017, 01:33:41 PM

Quote from: izanagi narukami on January 23, 2017, 10:28:29 AM

Quote from: jakelyson on January 23, 2017, 10:24:38 AM

....

.....We need to get away from the control of the government regarding our finances and cryptocurrency is the answer to that.

I think goverment control really put effort on bitcoin value ! Sadly my goverment still not legalize bitcoin usage althought bitcoin can be use like money and it's has hidden potential to being great investment or even future money since bitcoin value keep increasing gradually on some period

Money should always be in control, so it is very difficult to guess what that bitcoin will be instead of all the money, because anonymity is not comparable with that idea.

With the decentralized i guess it's more than just have full access to your money
It's changes the way money work nowadays , too much fee must be cut
Decentralization makes everything easier , it's allow you to have what people call freedom of money
Rules designed by you and for you.

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Quote from: GoodLuck2 on January 23, 2017, 04:04:55 PM

Quote from: boybugs18 on January 23, 2017, 02:01:27 PM

Its difficult to say that Bitcoin is the future money because people are unique and as of now many businessman dont want it and mostly they control many establishment that can influence if they gonna use bitcoin or not but we do not know in the future if bitcoin will get into the point that people wants it badly.

i do not think that its difficult because there is a lot of people adopt the bitcoin and maximum businessman also want to adopt the bitcoin for their business because bitcoin is very much profitable currency and we know that bitcoin increasing its value too much faster day by day and i hope bitcoin will be acceptable in anywhere in local shops for direct shopping and then people will be use bitcoin as their regular currency.

i agree with you that bitcoin is really the future of money and because everyone want to adopt the bitcoin for their future and many people want to buy everything with bitcoin because bitcoin transaction is very much faster and its fees is also very much lower than other currency .

GoodLuck2

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Quote from: boybugs18 on January 23, 2017, 02:01:27 PM

Its difficult to say that Bitcoin is the future money because people are unique and as of now many businessman dont want it and mostly they control many establishment that can influence if they gonna use bitcoin or not but we do not know in the future if bitcoin will get into the point that people wants it badly.

i do not think that its difficult because there is a lot of people adopt the bitcoin and maximum businessman also want to adopt the bitcoin for their business because bitcoin is very much profitable currency and we know that bitcoin increasing its value too much faster day by day and i hope bitcoin will be acceptable in anywhere in local shops for direct shopping and then people will be use bitcoin as their regular currency.

coszy

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Quote from: richardsNY on January 23, 2017, 03:08:56 PM

Quote from: izanagi narukami on January 23, 2017, 10:28:29 AM

Quote from: jakelyson on January 23, 2017, 10:24:38 AM

....

.....We need to get away from the control of the government regarding our finances and cryptocurrency is the answer to that.

I think goverment control really put effort on bitcoin value ! Sadly my goverment still not legalize bitcoin usage althought bitcoin can be use like money and it's has hidden potential to being great investment or even future money since bitcoin value keep increasing gradually on some period

Why would you care about your government not having legalized Bitcoin usage? It won't change anything in how you use Bitcoin right now. I think it's a good thing that at this point there is barely any serious government involvement in Bitcoin beside certain regulations, but they don't affect people in how they use Bitcoin. Bitcoin as it is right now as alternative currency/asset, allows people to enjoy financial freedom without governments and banks interfering. That's what will attract people as it is one of Bitcoin's selling points.

Bitcoin should exist separately from the entire banking and financial system in general. The fact is that freedom which is produced by users need to cherish and treasure it. Otherwise, the state will do everything that we did not have the opportunities that we have today.

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Quote from: richardsNY on January 23, 2017, 03:08:56 PM

Quote from: izanagi narukami on January 23, 2017, 10:28:29 AM

Quote from: jakelyson on January 23, 2017, 10:24:38 AM

....

.....We need to get away from the control of the government regarding our finances and cryptocurrency is the answer to that.

I think goverment control really put effort on bitcoin value ! Sadly my goverment still not legalize bitcoin usage althought bitcoin can be use like money and it's has hidden potential to being great investment or even future money since bitcoin value keep increasing gradually on some period

Why would you care about your government not having legalized Bitcoin usage? It won't change anything in how you use Bitcoin right now. I think it's a good thing that at this point there is barely any serious government involvement in Bitcoin beside certain regulations, but they don't affect people in how they use Bitcoin. Bitcoin as it is right now as alternative currency/asset, allows people to enjoy financial freedom without governments and banks interfering. That's what will attract people as it is one of Bitcoin's selling points

This is in fact a very tricky question

While I'm inclined to think myself that Bitcoin may be better off overall if governments don't interfere with it in any conceivable way, thereby letting it to exist entirely in the gray zone ("what is not explicitly illegal is implicitly legal"), there are still some weighty arguments in favor of possible government regulations, provided they are not aimed at its complete and outright prohibition, of course. In other words, officially regulating Bitcoin in some way would necessarily imply accepting it legally, and that may open doors to its wider acceptance by merchants, which is universally considered as a good development

richardsNY

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Quote from: izanagi narukami on January 23, 2017, 10:28:29 AM

Quote from: jakelyson on January 23, 2017, 10:24:38 AM

....

.....We need to get away from the control of the government regarding our finances and cryptocurrency is the answer to that.

I think goverment control really put effort on bitcoin value ! Sadly my goverment still not legalize bitcoin usage althought bitcoin can be use like money and it's has hidden potential to being great investment or even future money since bitcoin value keep increasing gradually on some period

Why would you care about your government not having legalized Bitcoin usage? It won't change anything in how you use Bitcoin right now. I think it's a good thing that at this point there is barely any serious government involvement in Bitcoin beside certain regulations, but they don't affect people in how they use Bitcoin. Bitcoin as it is right now as alternative currency/asset, allows people to enjoy financial freedom without governments and banks interfering. That's what will attract people as it is one of Bitcoin's selling points.

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