Topic: POP QUIZ: Do you believe that BTC is the world's future money system? (Read 4150 times)

there is a possibility why not changing all money to btc and going from phisical money to curency 

If there will ever be a world wide money system, Bitcoin might be the one.

Nope Bitcoin never will be. 95% of this being based on my idea that we will never ever see a world wide money system.

I think it could be a viable part of it however.

I have been buying things with BTC thru many online vendors.  The list is growing.   I think bitpay and them should advertise more to all others and we would see more and more bTC accepting vendors.

I also see many goods venders accepting BTC, Corealz. But I think 5 years is a little optimistic, I'm not sure the world is ready for BTC.
I'd say that if bitcoins keep going it is likely to get to our desired level in about 10 years I'd say.

yes i believe bitcoin will the world's future money system

i guess so but i believe that bitcoin will definitely become much safer and would hold a secure place in our inanicial world. I think bitcoin has the ability to prove you wrong.

i'll say no. I think something like bitcoin will be the money of the future, for sure governments will made their own alternative cryptocoin

I don't think it will.
But, I think that there will be a money system in place that resmbles Bitcoin in the future.

It won't be bitcoin, but it will be a "clone" of Bitcoin!

i say no . bitcoin are just like evolved species like humans are we can say humans are better but we cant say human are the 1st organusam of earth. so the same with bitcoin too we can say it is the future of money system but saying it is the only leading currency is not correct .but there are many chanses as u had said in some of my previous posts here . if many peoples dupport bitcoin insted of real currency then bitcoin can acctually replace the government currency or faint curencys from all over the world but we have still a bug problem with thevolitile market

i believe that bitcoin will soon enough replace all the currencies of the world and the price will go booming to huge prices, though those are just guesses and nothing else

I don't think it will be the world's currency, used instead of fiat in every country, but I think this will be the most used way of payment on the Internet, and maybe widely used by average guys in shops, but this won't be the only way of payment. If Bitcoin is accepted in shops, there will always have a possibility to pay in cash, or at least in fiat money using credit cards.

Bitcoin, in my opinion, will probably not replace other means of transaction entirely, but will probably become more widespread in the future. It will be accepted almost anywhere items can be bought and sold, though will always be considered an "alternative" way of purchase.

Agree with you there.

Wish it would maybe one day it will.

Heck in the US.  People seem to use credit or debit instead of cash.  So maybe it will one day switch to btc over credit.   Lol



Checkout the playground: Burstplayground.net

We just need everybody to use, hence some country to use it as official payment method,
then it smooth sailing from there.

Nothing will happen because fiat currencies are too powerful right now. Unless the public decides to rally against it and do something productive, paper money can be shoved everywhere

Sure.

I beleive in a way it already is the worlds currency.

What else can you trade between pretty much any currency?

You can take BTC and trade it anywhere.  Not only that shops online, and not online are starting to accept it.

So its on its way to the top.  I already prefer BTC over USD.  Just wish I could use it everywhere.  Maybe someday we will be able to.

Can I make some questions to you? I have my answers for every question I will do but I would to know the thoughts that the others have about those. So how imagine you will be a world without the normal money and only with bitcoin (if this is the meaning of your post). If bitcoin will be for sure the world's future money system and there will not exist other kind of money how will be able you to buy out of internet? How will covered all the need of every country which will be always in increase and the bitcoin is limited in amount? Do you think that bitcoin is able to cover all the needs of all the countries of the world for money? Why all this replacement of all the money with bitcoin will last 20 years or more and not less? naturally you have the right to not answer at no one of my questions. But if will do, thanks.

Bitcoin is already a money system though. For the world to be able to use bitcoin there needs to be a mass adaption to bitcoin.
If this doesn't happen then not many merchants are going to accept bitcoin as payment.

No i don't think so, bitcoin will be like innovative way to do financial transaction without affecting traditional fiat systems. This will certainly affect the way online payment processors are working till now.

I would say yes. At least when it comes to online payments. Offline, i think we will still see cash, but maybe BTC instead of credit cards.

I think bitcoin can be future money system, as we can see now there a lot of local store starting to accept bitcoin as payment, and a lot of transaction also done using bitcoin

From the beginning of bitcoin eraup until now, the development of bitcoin being implemented in many system has grow so fast so i am quite believe that one day all of use will use bitcoin as money

I said YES. Of course it may take some time, actually it may take 20 years or even more but Bitcoin will be the world's money system in the future.

Bitcoin is already a money system. People have been using it for quite sometime now. If you mean by "future money system" as in more people will start using it in the future, then I say yes.
I just think that Bitcoin needs more commercial success, there are still people out there who don't know what Bitcoin is and they don't know about the potential and the good side about bitcoin.

Sometimes it is funny to read various post made here in bitcointalk. Like the above quoted by me. Absolutely not for him's English. I know that me myself am problematic sometimes to be understood with my English. Even not in the above level I think (I hope). But if the meaning of the above post would be "bitcoin has the need to be "future money system" and for this the poster write with capital letters a big "YES" I would want to ask him one simple "Why"? Why bitcoin has the need to be the future money system? Can you you give some argument about this your big affirmation with the big and capital letters?

You say yes with capital letters. Where do you find and base this conviction? What I don't know and you know that make you so secure in your conviction? Can you show that what your know here?

Please make post with meaning. It is not hard to put some words and to create a sentence. It is hard to give something that can make the readers to think or to encourage them to write something else affected by your posts. Bitcointalk need the lasts ones.

Technically, bitcoin is already a money system, as you call it

You can buy and pay for stuff already by using bitcoin

I'm hoping for it to become more known and commercial so that we get more demand

Yes for sure. But no government will accept bitcoin as it is now. The governments will want some kind of control measure over the digital currency. Or else the governments will create a digital currency of its own.

i want to ask
how much terrorist and corruptor make bitcoin as payment for their activity compared with they are using fiat money? (cash money) ?

It will be a long way for BTC to be the world's future money system. Banks did not implemented BTC in their paying system yet 

I would like to go a bit deeper.

Bitcoin is essentially a descentralized trust system. What does it mean if I pay a Bitcoin to you? It means that I'm giving you a digitally-signed letter that says: "I am trusting you that you give me a product or service which, for me, has the same value as the actual price of a Bitcoin."

It isn't so much a currency, because a currency is meant to be a stable indicator of prices and for this reason it is backed by a state or another large entity.

But based on the Bitcoin/cryptocurrency system, a large part of the financial instruments needed by the economy can "go descentralized", because they are all needing this "trust" component Bitcoin provides. In many aspects this is much more efficient that the traditional banking system. Digital payments and savings accounts - basically, what Bitcoin Core provides you - are only a little part of the possible uses. Systems like the Bitcoin extension Counterparty, or "altcoins" like Nxt, Bitshares or Ethereum allow you to use cryptocurrency for other financial instruments like loans, stocks / assets, crowdfunding, and distinct types of financial contracts.

So for me it's a matter of time that these descentralized financial instruments increase the market share in the financial world. I don't know if it will replace it, but I am pretty sure cryptocurrencies will play a major role in 5-10 years, and it is useless that governments take action against it (they should even embrace it, if not autocratic).

It is possible, however, that in 30-50 years cryptocurrencies will be obsolete again.

I agree with you. I think Bitcoin will coexist side by side normal currencies. Although it is still hard to imagine government actually allowing Bitcoin to mainstream. Unregulated nature of it can cause some issues.

You're right, I don't think the bitcoin will be accepted worldwide, hell it's not even accepted right now in Russia

Even if this does happen, it will take year and years, I'll probably be dead by then

I really can't say, but to be honest I feel it's no probably cause it'd take a lot of countries to accept Bitcoin without having legal doubts and taxation uncertainties. Bitcoin started as an experiment and has grown far from it initially was and I believe it'll be a good asset to invest in for a long term, similar to what gold is today or probably better as time goes by. It would involve a lot of turnaround for it to be substituted completely to a countries fiat currency.

I don't know if Bitcoin will the one and only cryptocurrency of the future but I know for sure that someday we will switch to fully digital forms of payment, and even more.
We won't see this probably during our lifetime as I can see behind the scenes of world bank, but it is meant to happen. FIAT will fall and Bitcoin will be there to take over.

UPDATE

Honestly the deflationary aspect of bitcoin is untested. Assuming your currency is deflating, won't one just wait until the price is cheaper before making a purchase? This incentives people to hoard rather than use it as a currency. 

The idea of bitcoin itself is for digital currency which decentralized and open source, not for replace any kind of fiat currency.

It's too far away to say bitcoin can replace any of local currencies / fiat currency / be the world future money system.

Well yeah I hope so it will be nice if I go to my work and get BTC xD

It will be awesome I think if that happends.

I say yes but it will probably be years for even a quarter of the population to adapt to btc

don't think this will happen any time soon

it'll be nice to see this happen 

I think Bitcoin can and will be a great alternative to fiat currency. Which it basically is already. For me there is no reason for Bitcoin to replace any kind of fiat currency. It will succeed anyway.

Yes I believe it will. Because I am new and I am interesten to buy some BTC.

Only to wait later in the future that it goes higher. But I am also amaze how cheap it is to send BTC to other country.

No, as it won't be an official international currency that everyone will use, but I believe it will become widely known and used, like PayPal. Except better. Way better.

It is already the major cryptocurrency and I believe it will stay that way until someone develops a "better" coin. This can be achieved as bitcoin is basically a code that is encrypted with some cool encryption and an awesome idea. If someone comes up with a better economic idea and even cooler encryption, say bye to Bitcoin.


Bitcoin also needs to change to adapt to new ASCIS and technology. But with no Satoshi to lead us, bitcoin will stay the same.

For me it is a YES. But I it will be very difficult becauase alot of people still don't understand about BTC.

But I hope one day will happend.

Not the way it's going!  If Bitcoin doesn't change as quickly as our technology is changing, it doesn't even have a chance.  However, the technology and the reasoning behind the project will definitely produce a major alternative cryptographic digital decentralized currency that will be used world wide and I don't care whose emperor disagrees with that fact.  It wont be Bitcoin that controls the market....it will be Bitcoin's cousin, no doubt.

I'll say YES, bitcoin has I the need to be "future money system".

I've said this before but I'll share it here. I don't think we want BTC to become the world's money system. The people in this world that have power, seek power, and manipulate the system either for their benefit (in monetary terms) or to make a name for themself will find a way to do it to Bitcoin.

We don't want the powers that be sitting in a room figuring out how they can control Bitcoin. But if Bitcoin becomes the world's money system that's EXACTLY what we'll have.

Let's let Bitcoin be the money/commodity system of alternative that Governments are OK with having operate alongside their existing, powerful, never weak fiat systems. 

BTC has become so much famous and popular in so much less time. People have been using it thoroughly now and people are earning it through trading or mining.
I do believe that bitcoins will become the future money system because of their flexibility and optionality it provides. It has proven itself to be a safe currency and is now used in many countries for transactions, though it is illegal in some countries but many countries have accepted it as a global currency. So, I think will be the world's future money system.

Of course! Why else would i be here if i didn't believe in it's potential. It is just a matter of time for it to take over the rest of the world's currencies and be the number 1 choice to use.
It is still in it's infancy stage but time will make it mature such as it's predecessors before it.

Well if its gonna become a currency then the government would be a loss because this is not taxable.

There is a chance that it would be banned if it were to be an official currency.haha. but who knows someone will adopt this.

Ofcourse YESS!!!!!

The world is globalising 1 currency could benefit everyone.

A currency run by the Chinese? Nope you need at least 4 G7 countries to give it a chance.

Nope. It has the potential to be a major player but there's no shortage of hurdles for it to overcome before then. Its innovations will help national currencies sharpen up their act but as long as countries exist they'll have currencies they can control.

100% No. Different governments will not settle for a brand new currency that they do not have control over .Their current system is working as is so there's not point in changing it.

Do I want bitcoin to replace FIAT? No, not entirely at least. Fiat has some characteristics that I like, mainly, it is analog, and for bitcoin to take over we don't have enough tech ready.
I yesterday tried to send some btc and my transactions need couple hours to confirm, I don't want our only payment method to be hit-and-miss like BTC can be at times.

I don't think bitcoin will completely replace the future money system, probably will be a catalyst for the evolution of the current money system

I believe in it tha Bitcoin well be the money of the future.

But I think it won't happend soon :/

Still we can have Bitcoin so that is good that we can use it.

Yes I do, BTC is good to have.

Example: If you want to send money in other country is cheaper.

Plus with alot of technolgy why shouldn't BTC the future money I think it will but not that soon.

Yes. I believe so but in the FUTURE

I think some people would love to see that happen rapidly but it's not going fast enough for them

You can't just change currency's when you're used the currency of your country.

It will be hard for some people to adjust to this, especially the elderly

But yes, in the end I do believe that BTC will become the world's future money system even though I can't vote for the poll yet, hence my post.

Personally, I think cryptocurrency will be a major player in the monetary system of the future.

But, to answer the initial question, I opted for No. Bitcoin is too conservative, I don't think it will be No. 1 after ~ 2020. PoW Mining is a too inefficient blockchain securing mechanism.

You are saying it backwards.

Bitcoin isn't a great currency because it's doing well on the market, Bitcoin is doing well on the market because it's a great currency.

I invested in Bitcoin because I believe in the technology, which in the long term will likely replace our current system.

If Bitcoin succeeds up to $1000 per bitcoin, I can will be start believe that BTC is the world's future money system

You are right about technology, but bitcoin isn't just technology but wealth and power as well, and we shouldn't underestimate greed and hunger for power on the government/bankster side. Those guys doesn't like things what they can't control.

Yes I do believe because there is no question about it.Bitcoin is future's currency and will make many people future's millionaire and many will remain in doubts and loose this unique occasion to stick with it.There is a process of change in everything related to our life style and this change has started so Bitcoin is part of this change.I am some bitcoins to make my future bright because I believe in it.

For me it's yes, it will become one of the viable options. It will not at all be the only one and it might not replace any of the current options but it will be neck to neck and will become a competition to all of them.

I also think that it will improve many of the current systems. Bitcoin is so powerful and can do this. It's definitely a future of the payment systems and a new kid on a block.

I agree with you. a few terrorist and corruptor make bitcoin as payment for their activity. due for that, bitcoin never be legality in universal world because bitcoin properties that can be used for money laundry which causes bitcoin is not easy to be tracked.

so I think BTC isn't really used as the world's future money system

while i want it to replace the whole fiat system, i known that this will not going to happen, the best scenario would be a to have a strong decentralized payment system that work with fiat

it would be already very good

Bitcoin does have the potential to become a major player in the future monetary system.

Whether it will be in its current shape and form I do not know and only time will tell. There is plenty of innovation taking place in this ecosystem and for all we know bitcoin as it stands now might be replaced with a better alternative a couple of years from now.

i would say no

because lot of country do not accept bitcoin for part of the currency even in some countries use bitcoin is illegal

Honestly speaking bitcoins can be the world's future money system but the sadest thing is that it can never replace a major currency and it would be always used as a secondary currency, if bitcoins hits the mainstream than it would surely be the future money system and the mainstream adoption would play a key role in the success or failure of bitcoins.

Well fine, I guess I won't buy play store apps or facebook ad credits with bitcoin  . That is totally the benchmark for internet transactions.

I don't think big guns are quite afraid of investing into cryptos. They are still carefully monitoring the ecosystem and can anytime take a big step into it. We have already seen that companies like Microsoft and some other big names have started to accept bitcoin. Other companies won't stay behind, bitcoin has a huge potential and anytime can be the future of money system.

it's too risk if a facebook or google using altcoin cryptocurrencies, because altcoin can manipulated by whale trader which have a many bitcoin

You must define what does it mean that "bitcoin will be the world's future money system". If you, with this wish or definition, mean the disappear of all the other currencies and the substitution of all those with bitcoin, you are in big wrong according to me. There are not possibilities to be true such things for various reasons. First the number of bitcoin is not enough to cover all the needs of the world for money. Second bitcoin have a fixed number as total amount and this cannot allow to satisfy the needs of every economy in grow to have the needed money for this growth. Second and the most important any country will accept as national currency a currency not owned by it. The most important and developed ones firsts.  Can be even other reasons that I can't remember right now, but are enough the above to tell that your good dream cannot be true.

I do believe that Bitcoin and blockchain related technology is future of money.Bitcoin is still too young and at early stages and in process of evolution and next generated financial system will be based on blockchain and Bitcoin will have status of core/base currency to set value of other digital currencies.

Bitcoins can never be standardized in real market.Everyone knows its drawbacks.
That's why Big guns like google,facebook doesn't take much interest in cryptocurrencies.All of them are waiting to see where it goes.

Don't underestimate the power of technology in this day and age. Innovative technology and the internet will make sure that if something is as good as it says, people will learn about it really quick.

Compare it to the internet adoption, took 20-30 years til we started using it properly, now with the help of the internet the same could be done with bitcoins, just so much faster. The only distractions at the moment are laws and the government. But that will clear itself out soon anyway.

I think it will become the new standard within the next 5 years. I already see a lot of digital goods venders accepting it nowadays.

Well, believe in bitcoin but I don't think it will be "world's future money system". At first I think the world not going to have a unified monetary system in the next few centuries. If it will happen at some point in the future, money will be still issued and controlled by the government or some corporations. Bitcoin (or it's successor) will remain an open alternative to whatever money will be used by that time or just a collectors item .

poll is used to find the most votes. quite useful to make quick conclusions with the word "yes" or "no".

no, I guess would be the only bitcoin system in the internet economy for the future

I don't understand why the poll even exists here, I'd say most people on this forum think the same, else they wouldn't be here.

For me it's a big YES, the potential it had gain over the course of the years it's unique and there's no similar thing on this matter plus base on comments of some of the well known speakers of the bitcoin community, if other fiat or even money systems fail at some point, bitcoin will still be there to pick up the pieces 

no. I says "no system is safe". with one question : how if there personally which stole a much bitcoin again or exchanger that suddenly be a scam. and then bitcoin which their owned has been sell in other exchanger. and make bitcoin be low price again and want need a long time for back to up price. 

Personally i say yes. It has gone up so mich. People are making incredible sums of money through it. it is wonderful watching BTC take hold of the financial world. What are your opinions?