Next generation money - page 6. | Bitcointalksearch.org

Trongersoll

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Quote from: tabas on March 25, 2017, 02:29:50 AM

Quote from: betlord90 on March 24, 2017, 03:37:06 AM

Quote from: tabas on March 24, 2017, 01:45:36 AM

Quote from: UCHCHILD on March 23, 2017, 07:28:01 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.

See, the price drop happend no one is defending that. but if you just from past 2 years btc price has constantly high for long time. that itself a good sign that btc is booming like anything. it is spreading because it is decentralized and we can use this money for our personal use without showing the identity. right now the situation is not good as the price has fallen down. hoping again it gets back to the normal.

stergium

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Quote from: hubballi on March 24, 2017, 03:48:35 AM

Quote from: betlord90 on March 24, 2017, 03:37:06 AM

Quote from: tabas on March 24, 2017, 01:45:36 AM

Quote from: UCHCHILD on March 23, 2017, 07:28:01 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 too far but not impossible, their are some more feature i all implemented then it can be possible, right now Bitcoin is the main currency for gambling and adult industry but now after it gets nod from government then we can see lot of shops accepting it which will be good for bitcoin

yes that is right to say, i think anything is possible in this world. and i think now the new generation trend is changing toward currency, they are now using online currency and i think that bitcoin is the best choice for them to use.

Kevin77

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Quote from: whizter on March 24, 2017, 02:42:52 PM

Quote from: virasog on March 24, 2017, 12:42:55 AM

Quote from: Mometaskers on March 23, 2017, 02:50:32 AM

It possible for bitcoin to be the money of the future but knowing how technological advancement pile up in just a few years, it's possible that people could come up with something better eventually.

I don't know the inner workings of the cryptocurrency but I find the idea that it is in what we call blockchain to be innovative compared to what we currently use know. (Though it strike me as somewhat similar to the idea of the Rai stones). I'm not sure with limited amount of coins available. I understand that this means we wouldn't see anything similar to the governments currency manipulation but this could also mean greater price fluctuation. But then again, I'm no economist, maybe the price would become very stable once all coins have been mined out.

Bitcoin can improve itself, and for sure people will not let other money be on top of bitcoin

And even the transactions we have in bitcoin for sure will be improve which most of people here complaint about. The possibility of bitcoin to be real money is far but the chance to be is high.

yes there is no doubt about this that bitcoin is improving, because the number of bitcoin users are continuously increase and people are now becoming more and more mature about bitcoin.

I think that a lot of people are currently concerned about the current situation of the bitcoin and how much fees are going up and the transactions being slow and taking a lot of time to confirm, but I think that the increased number of people using bitcoin is actually helping fees go down, and it is also helping by increasing the security and the safeness of the bitcoin core.

Quote from: Xester on March 25, 2017, 08:54:20 AM

I would like to believe that bitcoin will be the next generation money but the problems that bitcoin is facing right now is making it hard for bitcoin to realize such ideas.

We are the real pillars of bitcoin ecosystem and our belief will not go down as per what bitcoin has done in the past. Hopefully bitcoin will adopt the changes to solve the scalability issues and will stay strong for sure.

Xester

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Quote from: virasog on March 24, 2017, 12:42:55 AM

Quote from: Mometaskers on March 23, 2017, 02:50:32 AM

It possible for bitcoin to be the money of the future but knowing how technological advancement pile up in just a few years, it's possible that people could come up with something better eventually.

I don't know the inner workings of the cryptocurrency but I find the idea that it is in what we call blockchain to be innovative compared to what we currently use know. (Though it strike me as somewhat similar to the idea of the Rai stones). I'm not sure with limited amount of coins available. I understand that this means we wouldn't see anything similar to the governments currency manipulation but this could also mean greater price fluctuation. But then again, I'm no economist, maybe the price would become very stable once all coins have been mined out.

Bitcoin can improve itself, and for sure people will not let other money be on top of bitcoin

And even the transactions we have in bitcoin for sure will be improve which most of people here complaint about. The possibility of bitcoin to be real money is far but the chance to be is high.

I would like to believe that bitcoin will be the next generation money but the problems that bitcoin is facing right now is making it hard for bitcoin to realize such ideas. As of this time it is easy to imagine DASH and Ethereum to be the next generation than bitcoin. If the bitcoin miners will not unite the probable resort will be people leaving bitcoin behind and when that time comes bitcoin will probably die.

MoneyIsDebt

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japan is really working on making bitcoins a valid currency . Things are pretty much going good for bitcoins. if they succeed , there is a possibility that this currency will rule and surely will replace currencies like dollar. People will convert there savings to bitcoins and will believe that this is where they will get benefit and can earn a lot without doing any struggle. We really hope to see the bright future of bitcoins and we will feel proud to be part of the moment when the future was being made.

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Quote from: chixka000 on March 25, 2017, 02:53:15 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.

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Quote from: tabas on March 25, 2017, 03:45:43 AM

Quote from: deisik on March 25, 2017, 02:38:05 AM

Quote from: tabas on March 25, 2017, 02:29:50 AM

Quote from: betlord90 on March 24, 2017, 03:37:06 AM

Quote from: tabas on March 24, 2017, 01:45:36 AM

Quote from: UCHCHILD on March 23, 2017, 07:28:01 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?

tabas

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Quote from: deisik on March 25, 2017, 02:38:05 AM

Quote from: tabas on March 25, 2017, 02:29:50 AM

Quote from: betlord90 on March 24, 2017, 03:37:06 AM

Quote from: tabas on March 24, 2017, 01:45:36 AM

Quote from: UCHCHILD on March 23, 2017, 07:28:01 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.

chixka000

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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

deisik

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Quote from: tabas on March 25, 2017, 02:29:50 AM

Quote from: betlord90 on March 24, 2017, 03:37:06 AM

Quote from: tabas on March 24, 2017, 01:45:36 AM

Quote from: UCHCHILD on March 23, 2017, 07:28:01 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

tabas

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Quote from: betlord90 on March 24, 2017, 03:37:06 AM

Quote from: tabas on March 24, 2017, 01:45:36 AM

Quote from: UCHCHILD on March 23, 2017, 07:28:01 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.

whizter

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Quote from: virasog on March 24, 2017, 12:42:55 AM

Quote from: Mometaskers on March 23, 2017, 02:50:32 AM

It possible for bitcoin to be the money of the future but knowing how technological advancement pile up in just a few years, it's possible that people could come up with something better eventually.

I don't know the inner workings of the cryptocurrency but I find the idea that it is in what we call blockchain to be innovative compared to what we currently use know. (Though it strike me as somewhat similar to the idea of the Rai stones). I'm not sure with limited amount of coins available. I understand that this means we wouldn't see anything similar to the governments currency manipulation but this could also mean greater price fluctuation. But then again, I'm no economist, maybe the price would become very stable once all coins have been mined out.

Bitcoin can improve itself, and for sure people will not let other money be on top of bitcoin

And even the transactions we have in bitcoin for sure will be improve which most of people here complaint about. The possibility of bitcoin to be real money is far but the chance to be is high.

yes there is no doubt about this that bitcoin is improving, because the number of bitcoin users are continuously increase and people are now becoming more and more mature about bitcoin.

hubballi

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Quote from: betlord90 on March 24, 2017, 03:37:06 AM

Quote from: tabas on March 24, 2017, 01:45:36 AM

Quote from: UCHCHILD on March 23, 2017, 07:28:01 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 too far but not impossible, their are some more feature i all implemented then it can be possible, right now Bitcoin is the main currency for gambling and adult industry but now after it gets nod from government then we can see lot of shops accepting it which will be good for bitcoin

betlord90

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Quote from: tabas on March 24, 2017, 01:45:36 AM

Quote from: UCHCHILD on March 23, 2017, 07:28:01 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.

tabas

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Quote from: UCHCHILD on March 23, 2017, 07:28:01 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.

virasog

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Quote from: Mometaskers on March 23, 2017, 02:50:32 AM

It possible for bitcoin to be the money of the future but knowing how technological advancement pile up in just a few years, it's possible that people could come up with something better eventually.

I don't know the inner workings of the cryptocurrency but I find the idea that it is in what we call blockchain to be innovative compared to what we currently use know. (Though it strike me as somewhat similar to the idea of the Rai stones). I'm not sure with limited amount of coins available. I understand that this means we wouldn't see anything similar to the governments currency manipulation but this could also mean greater price fluctuation. But then again, I'm no economist, maybe the price would become very stable once all coins have been mined out.

Bitcoin can improve itself, and for sure people will not let other money be on top of bitcoin

And even the transactions we have in bitcoin for sure will be improve which most of people here complaint about. The possibility of bitcoin to be real money is far but the chance to be is high.

deisik

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Quote from: Mometaskers on March 23, 2017, 08:14:03 PM

Quote from: deisik on March 23, 2017, 06:16:53 AM

Quote from: Mometaskers on March 23, 2017, 02:50:32 AM

It possible for bitcoin to be the money of the future but knowing how technological advancement pile up in just a few years, it's possible that people could come up with something better eventually

There is no limit to improvement

There is limit to our knowledge and understanding, but any such current limit is only temporary in and of itself. More specifically, I have a strong inclination to think that further development of decentralized currencies will be directed toward truly instant payments (like what Lightning network does) while blockchain will be used only for the final settlement of accounts providing payment channels. Whether it will be Bitcoin or some other currency is not yet predetermined. But if the BU project "successfully" branches off finally from the main tree (which is unlikely, as to me), Bitcoin (I refer to Bitcoin Core, obviously) may very well get there first, given the traction and success it has already got by now

I'm still quite new to bitcoins and have only used it in local exchange. I've only heard about Lightning Network a few times and thought it was just a separate wallet. So, is it a way to use bitcoin without having to pay high (and constantly increasing) tx fees?

Yes, that's mining done right

The concept behind mining (as we have it today) is severely flawed, and what we see nowadays with high transaction fees is the final outcome of the imperfection of this concept. Its major drawback is that it leads to extreme monopolization of mining by just a few miners (and we are already there). It is not only that, of course. Another major deficiency are the costs that the current implementation of mining incurs, and these costs are totally unjustifiable. Basically, mining is required to confirm transactions, and this can be done in a more efficient and by far cheaper way, and that's what Lightning Network essentially does. Ultimately, it takes power from miners, and mining becomes completely utilitarian (how it should have been in the first place)

mastermold

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Yes, in many different way, but not as we imagine. It is really a revolution.
micro transactions

smart contracts

including the poor into the global financial system, i.e. banking the unbanked.

enabling a safe, convenient and secure store of value instead of debt driven fiat currencies.

last, but not least - introducing more diversity into the global monetary system and thus making is healthier and more stable to financial shocks.

Mometaskers

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Quote from: deisik on March 23, 2017, 06:16:53 AM

Quote from: Mometaskers on March 23, 2017, 02:50:32 AM

It possible for bitcoin to be the money of the future but knowing how technological advancement pile up in just a few years, it's possible that people could come up with something better eventually

There is no limit to improvement

There is limit to our knowledge and understanding, but any such current limit is only temporary in and of itself. More specifically, I have a strong inclination to think that further development of decentralized currencies will be directed toward truly instant payments (like what Lightning network does) while blockchain will be used only for the final settlement of accounts providing payment channels. Whether it will be Bitcoin or some other currency is not yet predetermined. But if the BU project "successfully" branches off finally from the main tree (which is unlikely, as to me), Bitcoin (I refer to Bitcoin Core, obviously) may very well get there first, given the traction and success it has already got by now

I'm still quite new to bitcoins and have only used it in local exchange. I've only heard about Lightning Network a few times and thought it was just a separate wallet. So, is it a way to use bitcoin without having to pay high (and constantly increasing) tx fees?

Quote from: Hydrogen on March 23, 2017, 12:24:58 PM

The closest currency to bitcoin I know of is this.

In past eras rocks hewn into particular shapes were used as currency.

In some ways, these old forms of currency resembled bitcoins cryptographic functions, in that printing/production of currency was limited by design.

Rather than limited by a form of regulation.

Oh the Rai stones! I've read about them in Alex Bellos' book years ago before even hearing about bitcoin and I found it fascinating. Actually when I heard about bitcoin they were the first thing that came to my mind. They're really interesting, like some sort of blockchain where they use every community member's brain as a ledger.

There's currently a crypto named after them. My cousin is using one of their faucets though I've only tried it once and never used it again because I'm not seeing any pay-out and I find the captcha quite mind numbing.

deisik

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Quote from: Hydrogen on March 23, 2017, 12:24:58 PM

The closest currency to bitcoin I know of is this.

In past eras rocks hewn into particular shapes were used as currency.

In some ways, these old forms of currency resembled bitcoins cryptographic functions, in that printing/production of currency was limited by design.

Rather than limited by a form of regulation

Stone Age didn't end for the lack of stones

And the age of hard currencies didn't end because there were no more hard assets backing up or directly representing money tokens (e.g. gold coins themselves or paper bills fully redeemable for gold). The major issue with such currencies is that they prevent the economy from free and unimpeded growth to its full capacity. Whoever claims to the contrary is essentially an idiot (or just a clueless person, let's put in a softer way). Money should facilitate the exchange of goods and services, not hinder it. It is a tool to get somewhere, not the end point itself

Topic: Next generation money - page 6. (Read 16688 times)