Is Bitcoin Really The Future Of Money? - page 97.

Mirconome

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Quote from: deisik on January 23, 2017, 02:20:08 PM

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

Quote from: Xester on January 23, 2017, 09:14:18 AM

Quote from: SMSabuj on January 21, 2017, 01:47:39 PM

Yes, Brother. Bitcoin is the future of money. Cause BTC price is increasing day by day. In future, BTC price will be the hight price in online currency. For that, BTC is the future of money.

The price increase is not the sole basis for saying that bitcoin will become really the future of money. Though bitcoin can be used as payment online today and even in the future, it is not correct to say that bitcoin will replace fiat currency. The proper way of saying is that the future of money is digital currency. A cashless society will be born when fiat currency has finished evolving into a fiat digital currency.

You have a point here. Some people are focusing too much on the price of bitcoin and in the process still comparing it to fiat. If bitcoin is really the future of money, the value should not be based on fiat. Bitcoin is still evolving and we do not even know if bitcoin will be the end product in the future. But what we know is that, decentralized cryptocurrency is what we need. We need to get away from the control of the government regarding our finances and cryptocurrency is the answer to that.

We need a global currency before anything else

By global I mean a currency that can be used for hassle-free transacting around the world as well as without third party risks. And it just happens that decentralized currencies serve this end better than fiat currencies and their derivatives which require banks, payment processors and whatnot. With modern payment processors (i.e. exchangers like Capitalist, AdvCash, PerfectMoney, and their likes) you can transact as freely, but you are still not free from the third party risk. Essentially, you are not guaranteed that these services won't disappear tomorrow with all your money or just block your account for no reason at all (with basically the same consequences for your capital)

I totally agree with you, but I think that cryptocurrency should be differentiated from the maternity and occupy its own special niche in the financial sector. I do not think that bitcoin is to completely replace all currencies.

bikbik2

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Comrades, you really look at things with their own eyes, and tell me how people will use bitcoin, if now cryptocurrency available only to a very small percentage of the total population. Especially those that live on the periphery without Internet access. What are the opportunities they will have to use bitcoin.

deisik

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

Quote from: Xester on January 23, 2017, 09:14:18 AM

Quote from: SMSabuj on January 21, 2017, 01:47:39 PM

Yes, Brother. Bitcoin is the future of money. Cause BTC price is increasing day by day. In future, BTC price will be the hight price in online currency. For that, BTC is the future of money.

The price increase is not the sole basis for saying that bitcoin will become really the future of money. Though bitcoin can be used as payment online today and even in the future, it is not correct to say that bitcoin will replace fiat currency. The proper way of saying is that the future of money is digital currency. A cashless society will be born when fiat currency has finished evolving into a fiat digital currency.

You have a point here. Some people are focusing too much on the price of bitcoin and in the process still comparing it to fiat. If bitcoin is really the future of money, the value should not be based on fiat. Bitcoin is still evolving and we do not even know if bitcoin will be the end product in the future. But what we know is that, decentralized cryptocurrency is what we need. We need to get away from the control of the government regarding our finances and cryptocurrency is the answer to that.

We need a global currency before anything else

By global I mean a currency that can be used for hassle-free transacting around the world as well as without third party risks. And it just happens that decentralized currencies serve this end better than fiat currencies and their derivatives which require banks, payment processors and whatnot. With modern payment processors (i.e. exchangers like Capitalist, AdvCash, PerfectMoney, and their likes) you can transact as freely, but you are still not free from the third party risk. Essentially, you are not guaranteed that these services won't disappear tomorrow with all your money or just choose to block your account for no apparent reason at all (with basically the same consequences for your capital)

kreskko

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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.

For general business profitable to invest in bitcoin and control cryptocurrency thus have a greater opportunity to evade taxes. But Bitcoin is still a new trend in the market and it is still to come.

boybugs18

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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.

kwuccduck

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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

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.

izanagi narukami

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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

jakelyson

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Quote from: Xester on January 23, 2017, 09:14:18 AM

Quote from: SMSabuj on January 21, 2017, 01:47:39 PM

Yes, Brother. Bitcoin is the future of money. Cause BTC price is increasing day by day. In future, BTC price will be the hight price in online currency. For that, BTC is the future of money.

The price increase is not the sole basis for saying that bitcoin will become really the future of money. Though bitcoin can be used as payment online today and even in the future, it is not correct to say that bitcoin will replace fiat currency. The proper way of saying is that the future of money is digital currency. A cashless society will be born when fiat currency has finished evolving into a fiat digital currency.

You have a point here. Some people are focusing too much on the price of bitcoin and in the process still comparing it to fiat. If bitcoin is really the future of money, the value should not be based on fiat. Bitcoin is still evolving and we do not even know if bitcoin will be the end product in the future. But what we know is that, decentralized cryptocurrency is what we need. We need to get away from the control of the government regarding our finances and cryptocurrency is the answer to that.

savioroshan

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Quote from: Xester on January 23, 2017, 09:14:18 AM

Quote from: SMSabuj on January 21, 2017, 01:47:39 PM

Yes, Brother. Bitcoin is the future of money. Cause BTC price is increasing day by day. In future, BTC price will be the hight price in online currency. For that, BTC is the future of money.

The price increase is not the sole basis for saying that bitcoin will become really the future of money. Though bitcoin can be used as payment online today and even in the future, it is not correct to say that bitcoin will replace fiat currency. The proper way of saying is that the future of money is digital currency. A cashless society will be born when fiat currency has finished evolving into a fiat digital currency.

Yeah I agree with him.We cannot say bitcoin will replace the fiat currency. Who knows what is going to happen tomorrow.Anything can happen. Bitcoins price can increase or decrease. We all hope is price will increase.Jus imagine if its price decreases or crashes or drops down. After all its a human made digital currency. How much ever we say its safe there will something left to make it unsafe .If any hacking something happens just imagine what will happen to bitcoin. So we cannot say its the future of currency.

Xester

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Quote from: SMSabuj on January 21, 2017, 01:47:39 PM

Yes, Brother. Bitcoin is the future of money. Cause BTC price is increasing day by day. In future, BTC price will be the hight price in online currency. For that, BTC is the future of money.

The price increase is not the sole basis for saying that bitcoin will become really the future of money. Though bitcoin can be used as payment online today and even in the future, it is not correct to say that bitcoin will replace fiat currency. The proper way of saying is that the future of money is digital currency. A cashless society will be born when fiat currency has finished evolving into a fiat digital currency.

markyminer

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Quote from: HaXX0R1337 on January 21, 2017, 03:16:47 PM

Quote from: TheUltraElite on January 21, 2017, 10:18:57 AM

Any method to tax the users is okay by me - the main point is that we must tax the users in some way or the other - otherwise where will the revenue to run the state come from if bitcoin is used in large scale in place of fiat.

First and foremost bitcoin will not replace any countries fiat currency and no government will try to demonetize their currency for a electronic currency which they don't have any control in the first place so you do not worry about the governments revenue rather than think about think about how much you want to share your hard earned income to the state .

in fact bitcoin is not here to replace any fiat currency, but when the new generation will start using bitcoin, or any other fiat currency because their trend is now changing toward online business therefore we can expect that the use of fiat will also decrease, and they the governments will start thinking about either to legalize bitcoin or create their own online currency for online purpose.

saqibmunir

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yes it is really the future of money as we all know that the whole world is in the strom of internet and because of this the cryptocurrency like bitcoin has great future and as soon as people aware of it will have gain more interest of people...... and in future people get use to of it

Gromozeka!

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Bitcoin is a very good contender for this role, it may eventually disappear but he will be replaced by another currency, I think that the future is not necessarily for bitcoin, a digital currency but for sure.

ReLieD

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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

Let me tell you one thing , you are just a newbie and how the fuck do you know about bitcoin.
Either , you are one of the haters of bitcoin
Or
You dont even know what bitcoin is all about.
Before telling such things , you should probably see how bitcoin has grown over years .
Just because you dont even know how to use it , that doesn't mean bitcoins is useless.
SO first grow up , grab some knowledge and when you become mature enough , try to understand what this whole system is all about.

chmod777

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Quote from: Pattberry on January 22, 2017, 03:44:08 PM

Quote from: chmod777 on January 22, 2017, 03:21:25 PM

i believe it with all my heart. bitcoin will be a non-alternative currency in the future. unfortunately, today it is not fully known. but has lost nothing of its popularity for 7-8 years. i do not think its value will fall after that.

For a currency to be accepted world wide 8 years is really a very short time and only time will tell how the world is going to take bitcoin as an alternative mode of transaction and the growth in which it gained in this short period is really remarkable .With government regulations and sanctions the world will adapt to the digital ere pretty soon.

Yes when compared to other currencies it is considered to be younger. In fact, we are witnessing a historical event. 100 years from now I think bitcoin will be mentioned as a revolution of money.

Skarner21

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Massive price drop coming...

Quote from: Harlot on January 22, 2017, 04:27:59 PM

Quote from: ImHash on January 22, 2017, 04:00:28 PM

Many think so and hoping for it but no it's not and it will never be, bitcoin is a currency that gives people freedom when comes to money.
And from 2009 until now and as long as human race exist, bitcoin will be used by people no matter what and that is a fact.

I don't understand the connection of you statements. Obviously we the humans are the only ones using Bitcoin because Humans are the only race who needs currency to live. Also if we are still existing the can't the Bitcoin not be successful if it promotes freedom? Maybe you are mossing a line or 2 in your post.

Well i think he is talking about that bitcoin will not be future money in the future money.. well honestly we are using it right now and we are in near future that i think more adoption more merchant will accept bitcoin as payment.. so bitcoin has a great future that we can use it as future money online..

Harlot

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Quote from: ImHash on January 22, 2017, 04:00:28 PM

Many think so and hoping for it but no it's not and it will never be, bitcoin is a currency that gives people freedom when comes to money.
And from 2009 until now and as long as human race exist, bitcoin will be used by people no matter what and that is a fact.

I don't understand the connection of you statements. Obviously we the humans are the only ones using Bitcoin because Humans are the only race who needs currency to live. Also if we are still existing the can't the Bitcoin not be successful if it promotes freedom? Maybe you are mossing a line or 2 in your post.

ImHash

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Many think so and hoping for it but no it's not and it will never be, bitcoin is a currency that gives people freedom when comes to money.
And from 2009 until now and as long as human race exist, bitcoin will be used by people no matter what and that is a fact.

Pattberry

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Quote from: chmod777 on January 22, 2017, 03:21:25 PM

i believe it with all my heart. bitcoin will be a non-alternative currency in the future. unfortunately, today it is not fully known. but has lost nothing of its popularity for 7-8 years. i do not think its value will fall after that.

For a currency to be accepted world wide 8 years is really a very short time and only time will tell how the world is going to take bitcoin as an alternative mode of transaction and the growth in which it gained in this short period is really remarkable .With government regulations and sanctions the world will adapt to the digital ere pretty soon.

Victorycoin

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Quote from: SMSabuj on January 21, 2017, 01:47:39 PM

Yes, Brother. Bitcoin is the future of money. Cause BTC price is increasing day by day. In future, BTC price will be the hight price in online currency. For that, BTC is the future of money.

This wrong notion needs to be corrected - Bitcoin is not or going to be the future of money all because its price has been on the increase. So what exactly are we going to be left with should the price come crumbling tomorrow? The concept of Bitcoin becoming the future of money sprang out of the fact that Bitcoin came as a revolution and pointed us in the direction of what money should really be like, contrary to what we have been used to. For instance it took meddlesome banks and card companies out of the equation for monetary transactions, local or international.

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