Is Bitcoin Really The Future Of Money? - page 99.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Kotone on January 20, 2017, 10:11:00 AM

Quote from: JC btc on January 20, 2017, 09:59:31 AM

Bitcoin has been one of the greatest discovery in the world and no doubt that it really helps the economic growth. Yes it is a future money but it will not replace the fiat as a legal tender because not all people nowadays are using bitcoin because you need internet to use it and other people don't have internet access.

It is the best currency that world discovery but seems other country don't accept bitcoin why? Because they don't believed on bitcoin where they know bitcoin will be scam currency so soon they always choose fiat over bitcoin , investing using their banks now all people are using bitcoin not all people also don't have internet access to the website.

Many countries and rural areas of developed countries dont have proper electricity access let alone internet access.

I know that bitcoin is a future currency but considering the fact that the government draws taxes from fiat transactions, and not from bitcoin, the latter transactions are bad for the country and the economy of the country. No taxes, No development in our country.

Nothing political but I still consider that bitcoin users should be taxed in some method and legally prosecuted if found to not pay proper taxation.

Kotone

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Quote from: JC btc on January 20, 2017, 09:59:31 AM

Bitcoin has been one of the greatest discovery in the world and no doubt that it really helps the economic growth. Yes it is a future money but it will not replace the fiat as a legal tender because not all people nowadays are using bitcoin because you need internet to use it and other people don't have internet access.

It is the best currency that world discovery but seems other country don't accept bitcoin why? Because they don't believed on bitcoin where they know bitcoin will be scam currency so soon they always choose fiat over bitcoin , investing using their banks now all people are using bitcoin not all people also don't have internet access to the website.

Dudeperfect

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Quote from: Fredomago on January 20, 2017, 05:15:58 AM

Quote from: Dudeperfect on January 20, 2017, 05:11:15 AM

Quote from: Finestream on January 16, 2017, 10:34:41 PM

Quote from: fundyourself on January 16, 2017, 09:10:50 PM

I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.

The right time will come, let's be patient and wait for it. The development is continuing but if you are in a hurry, there is always a solution on your needs. Just fund a debit card with your bitcoin and you can swipe on your local stores, however there's a little fee associated with it.

That's what we are doing right now, in order to spend bitcoins we have to convert it to fiat currency (at least in my country) as there is not much awareness about bitcoin. The real potential is to transfer bitcoin from my wallet to the wallet of the shop. However, in my country lot's of things such as milk and bread are available at the price of bitcoin transaction fees so why would one use bitcoin in that case? I don't have an answer.

Theres already some adoptions with bitcoin i guess we will be able to see more establishments that will allow bitcoin for payment here in our country we can use it to pay our bills such as electric, water,phone, and other government fees just by using the local exchange to process the service.

In my country, a bitcoin company zebpay is looking to associate electric, water, telephone, DTH etc bill with the bitcoin. Trust me if they do this in next few months then we will see at least 5 million (that is less than 1% overall population of the country) new users using bitcoin. I can see a very clear and optimistic picture for the future in my country and also on global level.

JC btc

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Bitcoin has been one of the greatest discovery in the world and no doubt that it really helps the economic growth. Yes it is a future money but it will not replace the fiat as a legal tender because not all people nowadays are using bitcoin because you need internet to use it and other people don't have internet access.

severaldetails

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I don't think that bitcoin the future of money.
But I consider it to be an investment into the future.
The limited nature of bitcoin and the possibility of nearly anonymous transaction makes it a wanted good.
To be seen as the future of money, bitcoin has too many flaws.

savioroshan

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If you think bitcoin is the future of money yes it can be. It has got a lot of potential to become the future of money. The main plus Point is its anonymous. Easy to handle, store and safe. thieves cannot stole it unless they have your bitcoin wallet password. Very easy to transfer the amount to any part of the world within seconds. no big processing fees like PayPal and pretty long procedures like in bank. So convenient to handle. No one will know how much assets you own. So free of all taxes. Bitcoin has got all these plus points which can make it the future of currency. But if governments start banning it or regulating it then definitely it will become difficult for bitcoins to survive.

PacePay

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Quote from: Finestream on January 16, 2017, 10:34:41 PM

Quote from: fundyourself on January 16, 2017, 09:10:50 PM

I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.

The right time will come, let's be patient and wait for it. The development is continuing but if you are in a hurry, there is always a solution on your needs. Just fund a debit card with your bitcoin and you can swipe on your local stores, however there's a little fee associated with it.

That is right with the concept of bitcoin debit cards but still a number of people who are impatience have problem to have a bitcoin debit card because their countries are not allowed to have a credit card for them so they are denied to have one. Only a few countries are benefited with bitcoin debit card.

webtricks

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Quote from: Botnake on January 20, 2017, 08:46:33 AM

Quote from: webtricks on January 20, 2017, 08:35:17 AM

If someone believes in Globalisation then he should certainly believe in Bitcoin as future of currency!
Bitcoin has integrated the economies throughout the world by abolishing restriction on non-visible trade over borders.
If someone believe that legalizing or recognition of Bitcoin by Governments is its success then sorry, Bitcoin is free bird and meant to fly high!

I believe in globalization and bitcoin is the perfect system to use, however, I don't have much trust of our government system. Even if they look like they will protect us but in reality there are things that we do not know that they are doing which is against our rights. Privacy is very important to us as that means freedom and only bitcoin can give us but they are against of it, they have to hold us in the neck.

Yes. Bitcoin is an open challenge to Government system. However, I am not completely against Governments' general ideology but their overcautious behaviour sometimes restrict development based on fundamental ideas. But still, Bitcoin has able to confront all challenges and comes up as champ!

Botnake

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Quote from: webtricks on January 20, 2017, 08:35:17 AM

If someone believes in Globalisation then he should certainly believe in Bitcoin as future of currency!
Bitcoin has integrated the economies throughout the world by abolishing restriction on non-visible trade over borders.
If someone believe that legalizing or recognition of Bitcoin by Governments is its success then sorry, Bitcoin is free bird and meant to fly high!

I believe in globalization and bitcoin is the perfect system to use, however, I don't have much trust of our government system. Even if they look like they will protect us but in reality there are things that we do not know that they are doing which is against our rights. Privacy is very important to us as that means freedom and only bitcoin can give us but they are against of it, they have to hold us in the neck.

webtricks

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Activity: 1918

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If someone believes in Globalisation then he should certainly believe in Bitcoin as future of currency!
Bitcoin has integrated the economies throughout the world by abolishing restriction on non-visible trade over borders.
If someone believe that legalizing or recognition of Bitcoin by Governments is its success then sorry, Bitcoin is free bird and meant to fly high!

wh04m1

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Yes, bitcoin is really the currency you will come to. After 10 years, everyone will use bitcoini extensively. We can shop with bitcoin cards in the future. The important thing is how much we invested in bitcoin.

1Referee

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Quote from: frendsento on January 20, 2017, 04:01:47 AM

I believe it was because it has the power to revolutionize the world I mean It enables people all over the world to receive or send money money without needing to pay big amount of transaction fee and also nowadays you can even buy anything with bitcoin with just your smart phone you can book a flight or hotel , buy gadgets , load your network using bitcoin ! I believe that as many users use bitcoin and become much more popular every merchants may accept it as a payment system.

Bitcoin lends itself perfectly for that purpose, but banks and governments aren't sitting still without doing anything. It's also in their own benefit to get their own version of the blockchain developed, where they have all benefits of a regular blockchain, but where they remain in control over every aspect. It will be a centralized incentive. But if enough banks, businesses, governments, etc, choose to implement it correctly, then they can even challange Bitcoin as they can basically offer free and instant transactions. Bitcoiners won't be much sensitive to that, but the average joe is. They add value to it as unlike Bitcoin that doesn't have a central authority to take care of everything, their version will give them that safe feeling as the government sits on top of everything. But as it stands right now, it's pure speculation...

Fredomago

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Quote from: Dudeperfect on January 20, 2017, 05:11:15 AM

Quote from: Finestream on January 16, 2017, 10:34:41 PM

Quote from: fundyourself on January 16, 2017, 09:10:50 PM

I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.

The right time will come, let's be patient and wait for it. The development is continuing but if you are in a hurry, there is always a solution on your needs. Just fund a debit card with your bitcoin and you can swipe on your local stores, however there's a little fee associated with it.

That's what we are doing right now, in order to spend bitcoins we have to convert it to fiat currency (at least in my country) as there is not much awareness about bitcoin. The real potential is to transfer bitcoin from my wallet to the wallet of the shop. However, in my country lot's of things such as milk and bread are available at the price of bitcoin transaction fees so why would one use bitcoin in that case? I don't have an answer.

Theres already some adoptions with bitcoin i guess we will be able to see more establishments that will allow bitcoin for payment here in our country we can use it to pay our bills such as electric, water,phone, and other government fees just by using the local exchange to process the service.

poplolnman

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Quote from: Kasabus on January 18, 2017, 08:39:48 PM

Quote from: Finestream on January 16, 2017, 10:34:41 PM

Quote from: fundyourself on January 16, 2017, 09:10:50 PM

I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.

The right time will come, let's be patient and wait for it. The development is continuing but if you are in a hurry, there is always a solution on your needs. Just fund a debit card with your bitcoin and you can swipe on your local stores, however there's a little fee associated with it.

Hopefully that right time will be happening so soon,I just have to earned more in order for me to have my debit card,its not yet enough,still it is debit card using bitcoin still not acceptable in my country.If mass adoption will continue and the demand kept on rising then i can see that it will be the future of money.

Actually there is a stores and some coffee shops accept bitcoin already here around my place , but it's still based on person to person , i mean there is no sign in the store that they are accepting bitcoin , but if you want to pay with bitcoin just tell them. Once a lot of real world store accept bitcoin openly , the future of money are near.

Mr.ExtraOrdinary

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Bitcoin has become the future the moment it was invented and introduced. As a part of cryptocurrency world that is total inovation in the field of finances. The world is heading towards cashless system and new virtual payment methods so Bitcoin will have very important part in this "brave new world". And it already has.

Dudeperfect

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Quote from: Finestream on January 16, 2017, 10:34:41 PM

Quote from: fundyourself on January 16, 2017, 09:10:50 PM

I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.

The right time will come, let's be patient and wait for it. The development is continuing but if you are in a hurry, there is always a solution on your needs. Just fund a debit card with your bitcoin and you can swipe on your local stores, however there's a little fee associated with it.

That's what we are doing right now, in order to spend bitcoins we have to convert it to fiat currency (at least in my country) as there is not much awareness about bitcoin. The real potential is to transfer bitcoin from my wallet to the wallet of the shop. However, in my country lot's of things such as milk and bread are available at the price of bitcoin transaction fees so why would one use bitcoin in that case? I don't have an answer.

Dr.Osh

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Quote from: frendsento on January 20, 2017, 04:01:47 AM

I believe it was because it has the power to revolutionize the world I mean It enables people all over the world to receive or send money money without needing to pay big amount of transaction fee and also nowadays you can even buy anything with bitcoin with just your smart phone you can book a flight or hotel , buy gadgets , load your network using bitcoin ! I believe that as many users use bitcoin and become much more popular every merchants may accept it as a payment system.

yes, it's possible. revolution happen very quickly, and it could lead to displacement of the currency of a country devolve into bitcoin. in my opinion, the current bitcoin is not used to the maximum, because, there are still very many people are using it for something that is not useful. maybe in a few years, bitcoin already can be controlled and used for things that are more useful for many people, one of them by making it into the money in the future.

frendsento

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I believe it was because it has the power to revolutionize the world I mean It enables people all over the world to receive or send money money without needing to pay big amount of transaction fee and also nowadays you can even buy anything with bitcoin with just your smart phone you can book a flight or hotel , buy gadgets , load your network using bitcoin ! I believe that as many users use bitcoin and become much more popular every merchants may accept it as a payment system.

ReLieD

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Bitcoin is the future of money , but i wont completely replace the paper currency (USD).
But we can still say that bitcoin is the best crypto currency in the world. That itself is a great achievement.
It is actually tough to tell that it will be the future of money. I agree that 1 BTC will once be equal to $ 10000
as said in some show or an interview , but still i wont replace USD.
Well but Bitcoin has a bright future , thats why people have invested a lot in this.

Mastsetad

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Quote from: fundyourself on January 16, 2017, 09:10:50 PM

I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.

Will day will surely come when we will not need to pay with cash for anything we buy, nor we will need credit cards for doing all that maybe, because the world is getting digital so will the payment systems of the world. We are just not sure if bitcoin will be counted in that too or not at that time.

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