Topic: Next generation money - page 13. (Read 16688 times)

Quote from: entrepmind23 on July 31, 2016, 02:13:40 AM

Quote from: Cybertron00 on June 09, 2016, 09:31:01 PM

They rare going to make a new form of money in the future and I believe that everything is going to be digital which is both positive and negative at the same time.
I hope that they are not going to rush things because I do not think we are ready for such a big change.

I think this blockchain technology is the starting point and with the advent of bitcoin, shall we say 20 years from now or less more improvement on the system and more bugs is fixed and more problems is addressed. Its a good start, slowly but surely we are getting there into the future.

With almost all transactions being digital then bitcoin may be the next generation money. With the advancement of technology and the bitcoin gaining popularity then people may opt to use digital money in the future since fiat currency is losing its value. For now, there are still so many people not aware of it but as time pass by, maybe a major event that will happen and made bitcoin popular even for those people that are not into technology and just stick to the old ways and it may convince them to use bitcoin then may be change has really come during this time.

Unlike Bitcoin, fiat can also be used in offline transactions (as paper money and specie). This is a great advantage, and unless Bitcoin somehow solves this "last mile problem", it will continue to remain inferior to fiat (in this respect). And even the theoretical possibility of resolving this issue is vague...

Since it would contradict the very concept of blockchain (I mean offline transactions)

That is right. Fiat cash is also anonymous. It can be a good tool in underground transaction without being detected.

for me fiat is not anonymous enough, besides that i think that using bitcoins might have way less fees thats why i use bitcoins over all the other money

i dont need a lot of anonymity too, i think that bitcoins will definitely be the next generation money and it will be really huge currency in the future

zodin

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Activity: 224

Merit: 100

i am hopeful that the next generation money is bitcoin as the new generation has their interest in computer and internet, as they spent most of their time in front of computer therefore they will give preference to digital currency instead of fiat or paper currency, i think that will be too much convenient to them therefore they will give preference to bitcoin,

KingdomHearts

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Activity: 896

Merit: 514

In my opinion bitcoin didn't revolutionize the concept of money, it just eases the way people earn online and eases online transactions.

but i think its possible that bitcoin revolutionize the concept of money because bitcoin is really too powerful and stronger currency than other currencies.

moonya

sr. member

Activity: 263

Merit: 250

With gold and gold began to finish. If the world will continue to exist and move in the direction in which it moves today is undoubtedly the future of digital money. But if the world is waiting for the collapse and we will go back to the Stone Age, then as always, people will use the currency, which can be seen or touched.

vero

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Activity: 518

Merit: 500

Quote from: airsounds on August 01, 2016, 10:34:00 AM

Quote from: Zaducis on July 31, 2016, 03:04:32 AM

Quote from: entrepmind23 on July 31, 2016, 02:13:40 AM

Quote from: OROBTC on August 03, 2016, 10:37:58 AM

They rare going to make a new form of money in the future and I believe that everything is going to be digital which is both positive and negative at the same time.
I hope that they are not going to rush things because I do not think we are ready for such a big change.

I think this blockchain technology is the starting point and with the advent of bitcoin, shall we say 20 years from now or less more improvement on the system and more bugs is fixed and more problems is addressed. Its a good start, slowly but surely we are getting there into the future.

With almost all transactions being digital then bitcoin may be the next generation money. With the advancement of technology and the bitcoin gaining popularity then people may opt to use digital money in the future since fiat currency is losing its value. For now, there are still so many people not aware of it but as time pass by, maybe a major event that will happen and made bitcoin popular even for those people that are not into technology and just stick to the old ways and it may convince them to use bitcoin then may be change has really come during this time.

Unlike Bitcoin, fiat can also be used in offline transactions (as paper money and specie). This is a great advantage, and unless Bitcoin somehow solves this "last mile problem", it will continue to remain inferior to fiat (in this respect). And even the theoretical possibility of resolving this issue is vague...

Since it would contradict the very concept of blockchain (I mean offline transactions)

That is right. Fiat cash is also anonymous. It can be a good tool in underground transaction without being detected.

for me fiat is not anonymous enough, besides that i think that using bitcoins might have way less fees thats why i use bitcoins over all the other money

so your life depends on the Internet, due the most you're using bitcoin than fiat and I think for the moment we can not buy anything with bitcoin.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

I'll have to wait until I get them and try them out before I can really comment further. I need to see if it actually really is as easy to use as they claim. It certainly looks like a great idea though.

That offline mode (nice description, well put, H/T) is part of the attraction.

Opendime seems to have a niche to themselves (at least for now).

Okay, let's wait till you lay your hands on these thingies

OROBTC

legendary

Activity: 2940

Merit: 1865

Quote from: deisik on August 01, 2016, 10:39:32 AM

Quote from: OROBTC on August 01, 2016, 10:32:52 AM

There is a new & cheap hardware wallet now out (Opendime) that are similar to physical bitcoins. They are cheap USB sticks that are cleverly designed BTC wallets. These are meant to be passed around once you have loaded BTC onto them, when the device is passed to someone else (as payment or a gift), that transfer is like cash, an "offline" transaction. The Opendime sticks are cheap & disposable, it is hard to describe in just a few words so I refer you to here:

https://opendime.com/

I have ordered three to check them out. It's an interesting idea. They also have their own thread at "Project Development

How do they work conceptually? I mean that thing with private-public keys transfers provided there is no Internet around...

Let's call it a massively offline mode

deisik

I'll have to wait until I get them and try them out before I can really comment further. I need to see if it actually really is as easy to use as they claim. It certainly looks like a great idea though.

That offline mode (nice description, well put, H/T) is part of the attraction.

Opendime seems to have a niche to themselves (at least for now).

Dudeperfect

hero member

Activity: 1190

Merit: 534

Yes no doubt in that. Crypto currency as a technology is emerging as a new form of money and has potential to compete with fiat currencies all over the world but it won’t be threat to the existence of fiat currencies. Gold, oil or other commodities are different than crypto currencies although those are one of the popular investment destinations I don’t see them as equal to crypto currencies. Trading in exchange of gold or other commodities is like trading with barter system but bitcoin is other than that as it has significant similarities with the concept of money.

CrimBit

hero member

Activity: 672

Merit: 500

Did Bitcoin is revolutionize the concept of money, because for people who understand the world of trading that could be used to revolutionize the concept of the financial us.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: OROBTC on August 01, 2016, 10:32:52 AM

There is a new & cheap hardware wallet now out (Opendime) that are similar to physical bitcoins. They are cheap USB sticks that are cleverly designed BTC wallets. These are meant to be passed around once you have loaded BTC onto them, when the device is passed to someone else (as payment or a gift), that transfer is like cash, an "offline" transaction. The Opendime sticks are cheap & disposable, it is hard to describe in just a few words so I refer you to here:

https://opendime.com/

I have ordered three to check them out. It's an interesting idea. They also have their own thread at "Project Development

How do they work conceptually? I mean that thing with private-public keys transfers provided there is no Internet around...

Let's call it a massively offline mode

airsounds

full member

Activity: 237

Merit: 250

Quote from: Zaducis on July 31, 2016, 03:04:32 AM

Quote from: entrepmind23 on July 31, 2016, 02:13:40 AM

Quote from: panju1 on July 31, 2016, 11:01:23 AM

They rare going to make a new form of money in the future and I believe that everything is going to be digital which is both positive and negative at the same time.
I hope that they are not going to rush things because I do not think we are ready for such a big change.

I think this blockchain technology is the starting point and with the advent of bitcoin, shall we say 20 years from now or less more improvement on the system and more bugs is fixed and more problems is addressed. Its a good start, slowly but surely we are getting there into the future.

With almost all transactions being digital then bitcoin may be the next generation money. With the advancement of technology and the bitcoin gaining popularity then people may opt to use digital money in the future since fiat currency is losing its value. For now, there are still so many people not aware of it but as time pass by, maybe a major event that will happen and made bitcoin popular even for those people that are not into technology and just stick to the old ways and it may convince them to use bitcoin then may be change has really come during this time.

Unlike Bitcoin, fiat can also be used in offline transactions (as paper money and specie). This is a great advantage, and unless Bitcoin somehow solves this "last mile problem", it will continue to remain inferior to fiat (in this respect). And even the theoretical possibility of resolving this issue is vague...

Since it would contradict the very concept of blockchain (I mean offline transactions)

That is right. Fiat cash is also anonymous. It can be a good tool in underground transaction without being detected.

for me fiat is not anonymous enough, besides that i think that using bitcoins might have way less fees thats why i use bitcoins over all the other money

OROBTC

legendary

Activity: 2940

Merit: 1865

Quote from: entrepmind23 on July 31, 2016, 02:13:40 AM