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Topic: Next generation money - page 14. (Read 16688 times)

legendary
Activity: 3276
Merit: 2442
August 01, 2016, 10:21:12 AM
Until i find a serious amount of sellers who accept bitcoins as a currency no matter what the btc/usd price is,,, i won't consider it as a currency. Since nobody with a brain would do that, bitcoin will never be a currency. It has some value and it can be transferred very fast and that is about it.
hero member
Activity: 546
Merit: 500
August 01, 2016, 10:15:33 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. Smiley

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.
fiat is not anonymous at all, if you want to make a purchase with fiat online then you will be detected for sure, also irl there might be humans who would remember you

So far, the US dollar is the most widely used underground money. That is due to the fact that it is anonymous.
legendary
Activity: 1638
Merit: 1046
August 01, 2016, 10:05:09 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. Smiley

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.
fiat is not anonymous at all, if you want to make a purchase with fiat online then you will be detected for sure, also irl there might be humans who would remember you
It needs a real information before you can buy online like amazon and use your paypal it needs to verify first with your bank and real identity before you can start transaction an buy online stuffs..
sr. member
Activity: 336
Merit: 250
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August 01, 2016, 10:02:54 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. Smiley

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.
fiat is not anonymous at all, if you want to make a purchase with fiat online then you will be detected for sure, also irl there might be humans who would remember you
newbie
Activity: 42
Merit: 0
August 01, 2016, 09:55:30 AM
Fiat is not to me future money.Right now cryptocurrencies are future money so for fiat is not th future.I think that after 5-20 years that fiat crptocurrency will not exist anymore o maybe it wil exist nobody don't know.
full member
Activity: 191
Merit: 100
August 01, 2016, 09:51:08 AM
Digital currencies might get used to be the next generation currency. Most countries try making their own digital currency. Also if the adoption increases along with physical form or similar to paper money digital currencies will sure reach most people worldwide.

Most currencies are already digital for a few dozen years

I think he means the crypto currencies like the bitcoin and the Ethereum. They will be widely used in a few decades.
hero member
Activity: 966
Merit: 507
July 31, 2016, 03:07:23 PM
I agree. A real revolution in the concept of money would involve something more than changing the payment processors, no matter how advanced it may seem, and to be honest I can't see a great difference between bitcoin and other currencies at the end of road.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
July 31, 2016, 11:45:37 AM
Digital currencies might get used to be the next generation currency. Most countries try making their own digital currency. Also if the adoption increases along with physical form or similar to paper money digital currencies will sure reach most people worldwide.

Most currencies are already digital for a few dozen years
I think the use of digital money today amsih difficult, because a lot of people who still have low knowledge about it, but it is very difficult to carry out a transaction which is simple if done digitally. but, perhaps a time will come a time when the use of digital money will be very easy and fun without the use of paper money
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
July 31, 2016, 11:38:19 AM
Digital currencies might get used to be the next generation currency. Most countries try making their own digital currency. Also if the adoption increases along with physical form or similar to paper money digital currencies will sure reach most people worldwide.

Most currencies are already digital for a few dozen years
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
July 31, 2016, 11:31:32 AM
Digital currencies might get used to be the next generation currency. Most countries try making their own digital currency. Also if the adoption increases along with physical form or similar to paper money digital currencies will sure reach most people worldwide.
legendary
Activity: 2954
Merit: 1153
July 31, 2016, 11:29:07 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. Smiley

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)

Physical bitcoins are an option.
Apart from the many collectors items prevalent now, I think a Japanese company also issued small plastic tokens.

And how do you pay with them? Even if they are emitted by a trusted party, they would be pretty much useless once you access the private key...

And what about change? No change?

One thing i can see here, Bitcoin might have a great impact on the so called new generation money but bitcoin will never be the next generation money as what deisik is presenting and questioning about the transaction of bitcoin.  Money should be use everywhere, anywhere and anytime.  It should be use freely without any limitation or parameter that may limit it from using.  I know it should be something digital and at the same time tangible.  but I have no idea what would it be.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
July 31, 2016, 11:19:43 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. Smiley

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)

Physical bitcoins are an option.
Apart from the many collectors items prevalent now, I think a Japanese company also issued small plastic tokens.

And how do you pay with them? Even if they are emitted by a trusted party, they would be pretty much useless once you access the private key...

Also, what about change? No change today?
legendary
Activity: 1246
Merit: 1000
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. Smiley

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)

Physical bitcoins are an option.
Apart from the many collectors items prevalent now, I think a Japanese company also issued small plastic tokens.
full member
Activity: 191
Merit: 100
July 31, 2016, 07:17:31 AM
's we can see that in new age the people's trend is toward the computer and internet, they are mostly spent their time in front of computer and using internet now the people have very little free time, so i think the new generation will give preference to crypto currency because they have easy access to crypto currency,
Yeah everything in the world is moving digitally, so the digital currency will also be accepted, however some people will be there who will always stick to fiat currencies.

Yes. The fiat currency will be used for long term. Criminals, drug dealers will prefer to use the fiat cash.
hero member
Activity: 994
Merit: 502
July 31, 2016, 03:58:05 AM
's we can see that in new age the people's trend is toward the computer and internet, they are mostly spent their time in front of computer and using internet now the people have very little free time, so i think the new generation will give preference to crypto currency because they have easy access to crypto currency,
Yeah everything in the world is moving digitally, so the digital currency will also be accepted, however some people will be there who will always stick to fiat currencies.
full member
Activity: 224
Merit: 100
July 31, 2016, 03:32:11 AM
's we can see that in new age the people's trend is toward the computer and internet, they are mostly spent their time in front of computer and using internet now the people have very little free time, so i think the new generation will give preference to crypto currency because they have easy access to crypto currency,
sr. member
Activity: 441
Merit: 250
July 31, 2016, 03:04:32 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. Smiley

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.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
July 31, 2016, 02:24:53 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. Smiley

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)
sr. member
Activity: 644
Merit: 261
July 31, 2016, 02:13:40 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. Smiley

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.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
July 30, 2016, 09:20:24 AM
Ethereum could be a good next generation money. Like bitcoin, it can be used as a currency. It can also be used for smart contract.

And what are its advantages before Bitcoin as a currency?
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