Next generation money - page 5. | Bitcointalksearch.org

Wa(t)ch_night()

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Quote from: pitham1 on April 22, 2017, 12:05:19 PM

Quote from: darthmaul on April 22, 2017, 12:30:23 AM

Yes it is entirely new concept in the world of money. Bitcoin is so powerful that we can trade any amount of volume via its medium. This transaction is still safe and anonymous with no big fees and surcharges as that applied by your own bank. New generation would always want hassle free transaction which bitcoin is already providing. Bitcoin gives you freedom of time. No matter what you can transact any amount of money overseas, locally and personally. This is something sounds like new generation stuff and yes it is. Wink

I wouldn't say that Bitcoin offers hassle free transactions, especially right now. With the huge backlog of transactions and debate about block size, we are in fluid territory right now. But yes, Bitcoin does have potential.

I agree with you, the problem of transactions is very urgent now. But I think that it will be resolved in the near future. Bitcoin is almost an ideal system and it is not possible to spoil the problem of transactions

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Bitcoin, gold, etc. are market-based monies, whereas national currencies are centrally planned money.

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Quote from: darthmaul on April 22, 2017, 12:30:23 AM

Yes it is entirely new concept in the world of money. Bitcoin is so powerful that we can trade any amount of volume via its medium. This transaction is still safe and anonymous with no big fees and surcharges as that applied by your own bank. New generation would always want hassle free transaction which bitcoin is already providing. Bitcoin gives you freedom of time. No matter what you can transact any amount of money overseas, locally and personally. This is something sounds like new generation stuff and yes it is. Wink

I wouldn't say that Bitcoin offers hassle free transactions, especially right now. With the huge backlog of transactions and debate about block size, we are in fluid territory right now. But yes, Bitcoin does have potential.

darthmaul

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Yes it is entirely new concept in the world of money. Bitcoin is so powerful that we can trade any amount of volume via its medium. This transaction is still safe and anonymous with no big fees and surcharges as that applied by your own bank. New generation would always want hassle free transaction which bitcoin is already providing. Bitcoin gives you freedom of time. No matter what you can transact any amount of money overseas, locally and personally. This is something sounds like new generation stuff and yes it is. Wink

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Quote from: Sundark on April 21, 2017, 03:41:40 PM

Quote from: deisik on April 21, 2017, 03:25:19 PM

I don't really think that we can still call Bitcoin an experiment

With so many billions of dollars invested, it seems to be too good to be called like that (it would be rather an expensive experiment, as to me).

It doesn't matter how much money was spent on Bitcoin. There is no clear financial limit when you can say that something is no longer experiment because it is expensive.
We have multi billion dollar worth of tech used for experiments, for example: Large Hadron Collider. The completion of this project cost $10 billion to construct.
I don't even want to start with International Space Station worth hundreds of billion...

They were intentionally built for carrying out experiments

I guess this is not the same as being an experiment itself. For example, ITER costs a few dozen billion dollars (or euro) but it is conceived to be an experimental reactor right from the start. I guees Bitcoin is nowhere near that. My main argument is that it is already heavily used in "production", as it were. Thereby, it can no longer be considered as an experiment. It was an experiment when only a few folks with Satoshi had been testing it between themselves, but we are far from that already

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Quote from: deisik on April 21, 2017, 03:25:19 PM

I don't really think that we can still call Bitcoin an experiment

With so many billions of dollars invested, it seems to be too good to be called like that (it would be rather an expensive experiment, as to me).

It doesn't matter how much money was spent on Bitcoin. There is no clear financial limit when you can say that something is no longer experiment because it is expensive.
We have multi billion dollar worth of tech used for experiments, for example: Large Hadron Collider. The completion of this project cost $10 billion to construct.
I don't even want to start with International Space Station worth hundreds of billion...

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Quote from: MissGrey on April 21, 2017, 02:01:42 PM

Quote from: ophyrim on April 13, 2017, 04:23:09 PM

Quote from: grandy on March 26, 2017, 05:03:31 PM

Quote from: chixka000 on March 25, 2017, 03:53:15 AM

You were right somehow i can't really say that bitcoin or crypto currency is the future of money. Things here are still on the experimental stage yet. However good thing about it is that it is growing and evolving

as the users of bitcoin are increasing from time to time and is there we can expected that nature price of bitcoin will increase more and more from time to time.

I agree with you, in addition, i think there is a big potential at altcoin cryptoworld. The total market cap of altcoin will increase logarithmically

Yes, I think that Bitcoin still it is an experiment in process, but even so I think that Bitcoin is a new concept of money, in fact based on this project now there are others projects interesting, meaning many people believe in this new concept.

I don't really think that we can still call Bitcoin an experiment

With so many billions of dollars invested, it seems to be too good to be called like that (it would be rather an expensive experiment, as to me). I guess we are already pretty well into "industrial" use of Bitcoin. This doesn't indeed mean that there cannot be further improvements (in fact, some of them are long due and overdue) but Bitcoin is pretty consistent and reliable by now to be put into "production mode" of operation, so to speak

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Quote from: ophyrim on April 13, 2017, 04:23:09 PM

Quote from: grandy on March 26, 2017, 05:03:31 PM

Quote from: chixka000 on March 25, 2017, 03:53:15 AM

You were right somehow i can't really say that bitcoin or crypto currency is the future of money. Things here are still on the experimental stage yet. However good thing about it is that it is growing and evolving

as the users of bitcoin are increasing from time to time and is there we can expected that nature price of bitcoin will increase more and more from time to time.

I agree with you, in addition, i think there is a big potential at altcoin cryptoworld. The total market cap of altcoin will increase logarithmically

Yes, I think that Bitcoin still it is an experiment in process, but even so I think that Bitcoin is a new concept of money, in fact based on this project now there are others projects interesting, meaning many people believe in this new concept.

equator

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Quote from: ophyrim on April 13, 2017, 04:23:09 PM

Quote from: grandy on March 26, 2017, 05:03:31 PM

Quote from: chixka000 on March 25, 2017, 03:53:15 AM

You were right somehow i can't really say that bitcoin or crypto currency is the future of money. Things here are still on the experimental stage yet. However good thing about it is that it is growing and evolving

as the users of bitcoin are increasing from time to time and is there we can expected that nature price of bitcoin will increase more and more from time to time.

I agree with you, in addition, i think there is a big potential at altcoin cryptoworld. The total market cap of altcoin will increase logarithmically

Ya it is true that seeing that how many ICO and other types of altcoins are coming in the market and if everything goes same way then we can see lot of new coins, but even then only some of the altcoins are surviving and balance other coins are just pump and dump coins. So we can say that apart from bitcoin any one of the altcoin can come to some higher value in coming days

ophyrim

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Quote from: grandy on March 26, 2017, 05:03:31 PM

Quote from: chixka000 on March 25, 2017, 03:53:15 AM

You were right somehow i can't really say that bitcoin or crypto currency is the future of money. Things here are still on the experimental stage yet. However good thing about it is that it is growing and evolving

as the users of bitcoin are increasing from time to time and is there we can expected that nature price of bitcoin will increase more and more from time to time.

I agree with you, in addition, i think there is a big potential at altcoin cryptoworld. The total market cap of altcoin will increase logarithmically

deisik

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Quote from: peter0425 on April 13, 2017, 01:19:06 PM

Quote from: Bitcotalk on March 26, 2017, 05:08:50 PM

Quote from: betlord90 on March 24, 2017, 04:37:06 AM

Quote from: tabas on March 24, 2017, 02:45:36 AM

Quote from: UCHCHILD on March 23, 2017, 08:28:01 AM

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.

No you do not understand the reality as the reality is that bitcoin is already a form of money and it is taking the place of money and will replace the fiat with itself on many places of the world financial system as it is already doing on online world. Like it have replaced paypal from a large number of companies on internet.

I think bitcoin is not yet ready to replace fiat. But I would agree that the influence of bitcoin is undeniable. The digital currency of the possible future is much more financially and environmentally friendly.While it may not replace physical currency entirely, it could easily lead the way for an interesting hybrid arrangement where printed currency coexists peacefully with physical currency

I'm curious what you might mean by "much more financially and environmentally friendly"

Care to explain? I particularly interested about the financial part since environmentally Bitcoin simply cannot be friendly in any way possible (remember paper money is made from cotton, not from trees). Unless we move to some other form of mining which doesn't require as much as energy (and consequently doesn't produce as much heat), the current system is completely unsustainable if Bitcoin is going to expand in the future. In other words, if it were on par with major currencies (in terms of transactions processed daily), it would likely require the amount of electricity produced by all power stations in the world which would make the oceans turn to deserts. I don't really know how that can be considered as "environmentally friendly"

meliodas

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I think it is really the next generation of money,
We are in a generation where technology is part of our every day routine so I think it is really the next generation or the upgraded version of money.

Devboy

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Quote from: peter0425 on April 13, 2017, 01:19:06 PM

Quote from: Bitcotalk on March 26, 2017, 05:08:50 PM

Quote from: betlord90 on March 24, 2017, 04:37:06 AM

Quote from: tabas on March 24, 2017, 02:45:36 AM

Quote from: UCHCHILD on March 23, 2017, 08:28:01 AM

is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having as money is believed by many to happen but in my case its way too far and impossible.

No you do not understand the reality as the reality is that is already a form of money and it is taking the place of money and will replace the fiat with itself on many places of the world financial system as it is already doing on online world. Like it have replaced paypal from a large number of companies on internet.

I think is not yet ready to replace fiat. But I would agree that the influence of is undeniable. The digital currency of the possible future is much more financially and environmentally friendly.While it may not replace physical currency entirely, it could easily lead the way for an interesting hybrid arrangement where printed currency coexists peacefully with physical currency.

Really Bitcoin such an asset the currency of the Internet, the influenced of bitcoin so big that's through it's the Next-Generation Digital Currency. But it's true yet have not required quality to replace fiat. It's could better if it remain to virtual currency. To replace fiat there need a dramatic change though there have some issue.

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Quote from: peter0425 on April 13, 2017, 01:19:06 PM

Quote from: Bitcotalk on March 26, 2017, 05:08:50 PM

Quote from: betlord90 on March 24, 2017, 04:37:06 AM

Quote from: tabas on March 24, 2017, 02:45:36 AM

Quote from: UCHCHILD on March 23, 2017, 08:28:01 AM

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.

No you do not understand the reality as the reality is that bitcoin is already a form of money and it is taking the place of money and will replace the fiat with itself on many places of the world financial system as it is already doing on online world. Like it have replaced paypal from a large number of companies on internet.

I think bitcoin is not yet ready to replace fiat. But I would agree that the influence of bitcoin is undeniable. The digital currency of the possible future is much more financially and environmentally friendly.While it may not replace physical currency entirely, it could easily lead the way for an interesting hybrid arrangement where printed currency coexists peacefully with physical currency.

That's true that bitcoin is not ready for fiat replacement. yes, it appeared many programms in ordinary stores which allow to pay for goods with bitcoins directly, but I heard the fees are just grabby. That can't help to bitcoin to become mass adopted. This compaines who suggest such services and such fees just want to makew money and I understand that, but in fact bitcoin users just stay with basic form of bitcoin convertation through online exchangers and bitcoin stays unknown.

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Quote from: Bitcotalk on March 26, 2017, 05:08:50 PM

Quote from: betlord90 on March 24, 2017, 04:37:06 AM

Quote from: tabas on March 24, 2017, 02:45:36 AM

Quote from: UCHCHILD on March 23, 2017, 08:28:01 AM

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.

No you do not understand the reality as the reality is that bitcoin is already a form of money and it is taking the place of money and will replace the fiat with itself on many places of the world financial system as it is already doing on online world. Like it have replaced paypal from a large number of companies on internet.

I think bitcoin is not yet ready to replace fiat. But I would agree that the influence of bitcoin is undeniable. The digital currency of the possible future is much more financially and environmentally friendly.While it may not replace physical currency entirely, it could easily lead the way for an interesting hybrid arrangement where printed currency coexists peacefully with physical currency.

Bitcotalk

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Quote from: betlord90 on March 24, 2017, 04:37:06 AM

Quote from: tabas on March 24, 2017, 02:45:36 AM

Quote from: UCHCHILD on March 23, 2017, 08:28:01 AM

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.

No you do not understand the reality as the reality is that bitcoin is already a form of money and it is taking the place of money and will replace the fiat with itself on many places of the world financial system as it is already doing on online world. Like it have replaced paypal from a large number of companies on internet.

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Quote from: chixka000 on March 25, 2017, 03:53:15 AM

You were right somehow i can't really say that bitcoin or crypto currency is the future of money. Things here are still on the experimental stage yet. However good thing about it is that it is growing and evolving

as the users of bitcoin are increasing from time to time and is there we can expected that nature price of bitcoin will increase more and more from time to time.

deisik

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Quote from: batang_bitcoin on March 25, 2017, 05:09:30 PM

Quote from: AjithBtc on March 25, 2017, 05:44:21 AM

Quote from: chixka000 on March 25, 2017, 03:53:15 AM

You were right somehow i can't really say that bitcoin or crypto currency is the future of money. Things here are still on the experimental stage yet. However good thing about it is that it is growing and evolving

Yeah with assurance we cannot say that bitcoin or other cryptocurrencies were the future of money. The current growth shows a positive sign of cryptocurrencies to rule the financial system. Already based on the same technology of cryptocurrencies countries have started to implement financial services.

And with a lot of things to resolve that is being debated right now, it's hard to assume that bitcoin will be the generation money or all of this crypto currencies. I'm thinking that a government or mainly the US gov't will simply copy the idea of bitcoin or the blockchain technology introduced by it which is going to be useful for them

There is no way it could be possible

At least, not in the foreseeable future with these governments sticking around. They will never share their power with anyone since the fundamental principle of power asserts that power is not given, it is taken. Regarding current debates and fear they instill and arouse, I guess you may want to read the history of fiat and how it all started. In other words, what we see today is normal, Rome wasn't built in a day, and any software project started small first. Microsoft bootstrapped itself with a crappy Basic interpreter which couldn't even compile a primitive Hello-world program. Linux started by being a simple command terminal

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Quote from: deisik on March 25, 2017, 05:04:44 AM

Quote from: tabas on March 25, 2017, 04:45:43 AM

Quote from: deisik on March 25, 2017, 03:38:05 AM

Quote from: tabas on March 25, 2017, 03:29:50 AM

Quote from: betlord90 on March 24, 2017, 04:37:06 AM

Quote from: tabas on March 24, 2017, 02:45:36 AM

Quote from: UCHCHILD on March 23, 2017, 08:28:01 AM

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.

It is far from reality but there's a chance for it. But as of now everything seems to be dropping just like what happened to bitcoin way back years ago. And if people are going to engage with this currency for sure many are going to suggest that all stores should adopt bitcoin instead because this is good for covering your identities

Which years ago are you talking about?

Bitcoin flash crashed down to 750 dollars per coin just a little over 2 months ago. Right now it is still trading above 900 dollars, and it seems that we are not going to fall substantially below that. Anyway, however low the price might go this time, it will most likely turn out beneficial for Bitcoin in the long run since there will be a good push toward changing things in Bitcoin. These changes are due and long overdue, but while prices had been consistently rising, no one seemed to care and nothing had been done to mend the issues which Bitcoin gathered during the last years

I'm talking about the bull run that happened that a few years ago base on the charts. Thanks for your opinion that bitcoin isn't going to substantially below that. I'm expecting that the price is going to become lower than $800 or even hit $700 but much better if the price is going to pump after this disaster because of different issues

What bull run do you refer to specifically?

If you refer to the Mt. Gox affair in November-December 2013 and early 2014, this was obviously not a bull run. This was a severe market manipulation primarily because all trading back then had been going at just one exchange. Basically, the price quotations were fake there which has nothing to do with free market due to the lack of such in those days. This is no longer the case today, so things can't possibly develop along the same path. But that doesn't of course mean that prices might not fall down dramatically. You seem to be fear ridden right now, right?

Upon checking the charts probably I treated that incident as a bull run, though if you say so that it isn't well it's good and thanks for it. Yeah man, actually I'm having a fear right now though I don't have choice but to keep on trusting and holding what I've got and will just apply the belief that bitcoin is going to be the next generation of investments and digital currency.

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Quote from: AjithBtc on March 25, 2017, 05:44:21 AM

Quote from: chixka000 on March 25, 2017, 03:53:15 AM

You were right somehow i can't really say that bitcoin or crypto currency is the future of money. Things here are still on the experimental stage yet. However good thing about it is that it is growing and evolving

Yeah with assurance we cannot say that bitcoin or other cryptocurrencies were the future of money. The current growth shows a positive sign of cryptocurrencies to rule the financial system. Already based on the same technology of cryptocurrencies countries have started to implement financial services.

And with a lot of things to resolve that is being debated right now, it's hard to assume that bitcoin will be the generation money or all of this crypto currencies. I'm thinking that a government or mainly the US gov't will simply copy the idea of bitcoin or the blockchain technology introduced by it which is going to be useful for them.

Topic: Next generation money - page 5. (Read 16595 times)