Next generation money - page 7. | Bitcointalksearch.org

Hydrogen

legendary

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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.

boyptc

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Quote from: Winchester2211 on March 22, 2017, 04:55:41 PM

I am sure that future money will be in electronic form. The state is necessarily under any pretext, wants to control all cash flows. View reduces every year the amount of cash payments.

Or should I say it will digital just like bitcoin. I've read a conspiracy that the future money will be like that and it will be a cashless society in a form of micro chip. And that will be scanned easily for each of transactions that you are going to do and you will be paid instantly after it. Maybe bitcoin is going to be that money.

Khailerdaz

newbie

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Bitcoin is one of the evolution of our money.

UCHCHILD

sr. member

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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.

marcuslong

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Quote from: Winchester2211 on March 22, 2017, 04:55:41 PM

I am sure that future money will be in electronic form. The state is necessarily under any pretext, wants to control all cash flows. View reduces every year the amount of cash payments.

Money is in atm where you can use that to buy online too or in physical it called credit card but when do bitcoin well it can be on atm soon this is the future of bitcoin where it can be easily to withdrawn. From our bitcoin wallets

deisik

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Quote from: Mometaskers on March 23, 2017, 03:50:32 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

kidoseagle0312

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Quote from: Zadicar on March 07, 2017, 09:26:36 AM

Quote from: MoneyIsDebt on March 07, 2017, 09:18:47 AM

Quote from: kidoseagle0312 on February 24, 2017, 02:34:25 PM

Quote from: hermanhs09 on June 09, 2016, 06:09:45 AM

Quote from: deisik on June 09, 2016, 06:05:27 AM

The total majority of holders think of their favorite toy as the next step in the evolution of money (less so for active users). I don't deny the technological innovation in respect to the blockchain and the decentralized nature of how new money is created. With that said, I still don't think that did actually revolutionize the concept of money itself. Gold as money existed long before fiat, and it was "created" in a decentralized way too, so nothing particularly new here also...

I have an idea what could be an entirely new form of money (actually, it is not my idea), but first I would like to hear from you, guys, what you think about the truly new money that is yet to be invented or implemented

I think that the real money is the ones that are decentralized. Over the years people have been going back and forth between good money(money that is not controlled by government) and fiat currencies.

And in my opinion is the next gen good money. Just like gold.

But the reality happening now and the situation was that so far is not directly considered as real currency. It is still called as the virtual currency. But I do believed in the future can be like gold as well or it can surpass the gold it too. Besides, where in the progress and process of becoming a new world currency.

Bitcoin is a complete revolution to the new era. I believe that time is not far when people will start preferring bit-coins in stock market instead of any other currency. Bitcoins will become a currency for some countries and it will entirely change the concept of trading and investing money. Business trends will be changed and earning lifestyle of people will change. No doubt at the current moment it is considered to be a virtual currency but after few years from now things will change, therefore I consider bitcoins to be the next generation currency.

Theres a possibility on the thing might happen on the long run but these thing would really be hard to implement since we all know government wont really recognize this one infact they would create their own e-currency which means bitcoin cant be used or being adopted.

In some other point, maybe your right! it will really be hard if the people don't try to open their eyes on the real catch of bitcoin. Yes it is true the government of each nation are doing everything to implement the centralization into bitcoin, but it won't really be happen so in the end instead of attacking bitcoin they join the ride what is trend if people around the world will use bitcoin as their personal currency.

Mometaskers

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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.

Schuyler

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Quote from: deisik on March 23, 2017, 12:40:48 AM

Quote from: Lancusters on March 22, 2017, 05:42:34 PM

I'm sure that in the future instead of a passport will have a chip implanted, and instead of money will be electronic wallets. The farther away the more we lose our privacy

This is a rather pessimistic outlook

It seems to me that today we all in all have more privacy that we would have had a few hundred years ago if we were at today's level of technological development back then (given the absolute power of monarchs and rulers in those times). In other words, the loss of privacy which is here is mainly the allegedly adverse effect of our use of technology (Internet, before all). If you don't want to use it and want to remain totally incognito in this world, you would fare much better today than, say, 100 years ago. This looks a bit counterintuitive but the voluntary publicity of most people (use of social networks and similar things) works in favor of those who don't want to publicize their life

Technology has somehow also added inconvenience to us because of the risk of being exposed, so to speak. Although we are very much benefitting from it, it is a dual edge sword that could also lead us to danger. All these hacking being done left and right has people becoming more paranoid and self conscious.

Kasabus

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Quote from: gabmen on March 23, 2017, 02:26:50 AM

Quote from: Winchester2211 on March 22, 2017, 04:55:41 PM

I am sure that future money will be in electronic form. The state is necessarily under any pretext, wants to control all cash flows. View reduces every year the amount of cash payments.

Well not necessarily. We will still be using cash and it still would be importat though i agree with you that there will be a time where in digital.transactions would be more common in some countries especially first world and rich nations. But we shouldn't take away cash's importance as some countries would have a hard time going full digital

AFAIK majority of the popular in this world are not yet ready for digital currency, they prefer paper money because it's simple and not expensive to use. With digital currency you need to pay for the fee to transact and actually not everyone needs to use it, people will little earning are more focus on spending their money thru face to face transaction and online transaction is not in their list unless all merchant will go digital where it will live them no choice.

gabmen

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Quote from: Winchester2211 on March 22, 2017, 04:55:41 PM

I am sure that future money will be in electronic form. The state is necessarily under any pretext, wants to control all cash flows. View reduces every year the amount of cash payments.

Well not necessarily. We will still be using cash and it still would be importat though i agree with you that there will be a time where in digital.transactions would be more common in some countries especially first world and rich nations. But we shouldn't take away cash's importance as some countries would have a hard time going full digital

deisik

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Activity: 3430

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Quote from: X-ray on March 23, 2017, 12:53:48 AM

Quote from: Lancusters on March 22, 2017, 05:42:34 PM

I'm sure that in the future instead of a passport will have a chip implanted, and instead of money will be electronic wallets. The farther away the more we lose our privacy.

You've a plastic card right now. But i'm not sure with it. the digitalization of the money will make every investment will be very risky. various trojan, virus, malware will always be generated in the future.
In this day a lot of the hacker, etc. And it looks like it will be very difficult to control that abused if all of the future will be done with the digital life

I'm not sure how the digitization of money makes it more risky

If you have cash in your pocket, it can be easily stolen or your home can get robbed if you keep your cash reserves under the mattress. Money can be stolen from payment cards too but you can effectively solve this issue by taking precautions (which you should do anyway). For example, you can set daily limits so that even if your card info gets stolen you will lose only as much. Other than that, I don't know how various trojans, viruses and their likes can help the would-be thieves if you set up a simple 2FA authentication (through SMS confirmations) for your bank (if you use online banking from your desktop computer)

X-ray

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Quote from: Lancusters on March 22, 2017, 05:42:34 PM

I'm sure that in the future instead of a passport will have a chip implanted, and instead of money will be electronic wallets. The farther away the more we lose our privacy.

You've a plastic card right now. But i'm not sure with it. the digitalization of the money will make every investment will be very risky. various trojan, virus, malware will always be generated in the future.
In this day a lot of the hacker, etc. And it looks like it will be very difficult to control that abused if all of the future will be done with the digital life.

deisik

legendary

Activity: 3430

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Lancusters on March 22, 2017, 05:42:34 PM

I'm sure that in the future instead of a passport will have a chip implanted, and instead of money will be electronic wallets. The farther away the more we lose our privacy

This is a rather pessimistic outlook

It seems to me that today we all in all have more privacy that we would have had a few hundred years ago if we were at today's level of technological development back then (given the absolute power of monarchs and rulers in those times). In other words, the loss of privacy which is here is mainly the allegedly adverse effect of our use of technology (Internet, before all). If you don't want to use it and want to remain totally incognito in this world, you would fare much better today than, say, 100 years ago. This looks a bit counterintuitive but the voluntary publicity of most people (use of social networks and similar things) works in favor of those who don't want to publicize their life

bravehearth0319

hero member

Activity: 1022

Merit: 500

Quote from: deisik on June 09, 2016, 06:05:27 AM

The total majority of Bitcoin holders think of their favorite toy as the next step in the evolution of money (less so for active users). I don't deny the technological innovation in respect to the blockchain and the decentralized nature of how new money is created through mining. With that said, I still don't think that Bitcoin did actually revolutionize the concept of money itself. Gold as money existed long before fiat, and it was "created" in a decentralized way too, so nothing particularly new here as well...

I have an idea what could be an entirely new form of money (actually, it is not my idea), but first I would like to hear from you, guys (and gals), what you think about the truly new money that is yet to be invented or implemented

The generation of money is now being implemented so far which is bitcoin, I have a strong feelings with this things, maybe others also felt the same way like me. consequently, others are trying to keep their bitcoin then hold it for the right time to sell it.

Lancusters

sr. member

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I'm sure that in the future instead of a passport will have a chip implanted, and instead of money will be electronic wallets. The farther away the more we lose our privacy.

Winchester2211

jr. member

Activity: 59

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I am sure that future money will be in electronic form. The state is necessarily under any pretext, wants to control all cash flows. View reduces every year the amount of cash payments.

cjmoles

legendary

Activity: 1176

Merit: 1016

Bitcoin and the blockchain technologies are the next generation of money. Maybe not in its current form, but a variation of the technology will be the next generation of money. There is no doubt in my mind that currency is undergoing a revolution due to the versatility of the blockchain; consequently, I don't think that our economic systems will resemble the systems which we have become accustom to using. Things are opening up to a greater cross section of participants and they're being innovated upon very quickly. Bitcoin opened up Pandora's box!

birareru1988

sr. member

Activity: 275

Merit: 250

Quote from: bravehearth0319 on March 22, 2017, 10:55:45 AM

Quote from: deisik on June 09, 2016, 06:16:58 AM

Quote from: hermanhs09 on June 09, 2016, 06:09:45 AM

Quote from: deisik on June 09, 2016, 06:05:27 AM

The total majority of Bitcoin holders think of their favorite toy as the next step in the evolution of money (less so for active users). I don't deny the technological innovation in respect to the blockchain and the decentralized nature of how new money is created. With that said, I still don't think that Bitcoin did actually revolutionize the concept of money itself. Gold as money existed long before fiat, and it was "created" in a decentralized way too, so nothing particularly new here also...

I have an idea what could be an entirely new form of money (actually, it is not my idea), but first I would like to hear from you, guys, what you think about the truly new money that is yet to be invented or implemented

I think that the real money is the ones that are decentralized. Over the years people have been going back and forth between good money(money that is not controlled by government) and fiat currencies.

And bitcoin in my opinion is the next gen good money. Just like gold.

But as of now Bitcoin can hardly be called a truly "good" money since its creation is as centralized as any of fiats. There are a few dozen fiat monies out there, and as many central banks that create money. There is one Bitcoin, and a few dozen mining pools (or just a few, lol) out there as well...

So what's the real difference in this regard?

I really do agreed that the bitcoin mining was being form as centralized and we all knew that bitcoin in all angles are very much better than fiat currency, and bitcoin was unregulated industry unlike money that created by any central banks on which things are centralized.

This bitcoin differs from the rest of the currency. And because of this he has such a value and popularity. It is a revolution in the world of currency. But the government does not agree with this.

bravehearth0319

hero member

Activity: 1022

Merit: 500

Quote from: deisik on June 09, 2016, 06:16:58 AM

Quote from: hermanhs09 on June 09, 2016, 06:09:45 AM

Quote from: deisik on June 09, 2016, 06:05:27 AM

The total majority of Bitcoin holders think of their favorite toy as the next step in the evolution of money (less so for active users). I don't deny the technological innovation in respect to the blockchain and the decentralized nature of how new money is created. With that said, I still don't think that Bitcoin did actually revolutionize the concept of money itself. Gold as money existed long before fiat, and it was "created" in a decentralized way too, so nothing particularly new here also...

I have an idea what could be an entirely new form of money (actually, it is not my idea), but first I would like to hear from you, guys, what you think about the truly new money that is yet to be invented or implemented

I think that the real money is the ones that are decentralized. Over the years people have been going back and forth between good money(money that is not controlled by government) and fiat currencies.

And bitcoin in my opinion is the next gen good money. Just like gold.

But as of now Bitcoin can hardly be called a truly "good" money since its creation is as centralized as any of fiats. There are a few dozen fiat monies out there, and as many central banks that create money. There is one Bitcoin, and a few dozen mining pools (or just a few, lol) out there as well...

So what's the real difference in this regard?

I really do agreed that the bitcoin mining was being form as centralized and we all knew that bitcoin in all angles are very much better than fiat currency, and bitcoin was unregulated industry unlike money that created by any central banks on which things are centralized.

Topic: Next generation money - page 7. (Read 16595 times)