Topic: The future of bitcoin - page 16. (Read 14672 times)

again with this argument it's not really possible or simple as you think it to be, how about all asic miners that can only mine sha256 coin? you think they can afford again to buy 400 peta of hash for another algo....

Shifting into a new algorithm and all very much new to me. If it happens, will it take place without affecting any bitcoin users or bitcoins. Hopefully those things should not happen to bitcoin community. I believe in bitcoin's core durability. It would take 1 million years to crack bitcoin's core security, like private key.

That's a good joke.
1. Bitcoin will shift to new algorithm if any bug or hack if it's with existing algorithm.
2. Already survived for almost 6 years. Many experts analyzed it's core conceptual for it's existence and need.
3. No government can stop using it.
4. Will live till earth lives or internet lives.

i dont think that btc will live 5 more years.maybe the price will increase but in the end it will collapse.

Options 2 and 3 are in every form invalid, so judging by whats not eliminated, it will become the future of money and unit of transaction of choice.
Let's just hope there isn't any 4th possibility, right 

I am VERY new to this. I have invested some savings in Bitcoin. I just want to know, what happens if the rulers of today, just turn
 off the internet, as they are very capable of doing. What then?

Actually bitcoin is so fragile that I can't even think how easy is to manipulate it. Not to mention that it is totally niche market, despite of what some of you may think. We are not even one step closer to even slight adoption. In fact we are getting away, because in the future bitcoin will be thrashed and only blockchain will remain.

I think we all believe in Bitcoin, it is why we are here correct?  I hope it takes off like it did a few years ago, this time I want to be a huge part of it!

i believe that bitcoins have a really bright future and that after a couple of years its price will increase sharply and i hope that it will be used by a lot of people

http://Bit coin will always prevail, and there is nothing you can do to stop it. NOTHING!

^True Statement.

Well, i am in the fist group of belivers, and i think and belive that bitcoin will raise that much and maybe not replace real money but it will be in use and value with them. Also there are chances for falling and crushing the bank system that are dominating us and playing us for a long time and with bitcoin better times are coming for making our lives much more easier and fun. 

i beleive
it’s the future of money, privacy and payments, the end of greedy banks and the fall of government fiat currencies.

I also worried about lots of scam going around with taking bitcoin payments which may turn into option b ' payment for cyber criminals'.

Future is bright but totally depends on the adoption level as if the adoption level goes high and if bitcoins get on the mainstream than it will last for many years and that's what we all want that bitcoin should grow and should be more stable in the future.

The future of bitcoin is really bright as more and more people are started using bitcoins. If bitcoins are regulated by all the countries globally then surely there will be increased in the use and price of the bitcoin.

I do not know what will happen in bitcoin. but I hope bitcoin can change the world. maybe if bitcoin prices above $1000 or more bitcoin has a bright future

There are a million more ways to get some bitcoin in your wallet. Setting up a wallet is easy, then finding someone to fund that wallet with some coins other than buying it with fiat might be tricky, but there are possibilities all around us, the world is your playground and BTC is its currency. Set up a shop, provide a service, do what you like doing and do the best you can and there will be people that are willing to provide you with some currency, not just bitcoin, but it could be and if it happens to be, than you have gained some bitcoin, doing stuff you like doing, it feels so much better than when you just buy them with your fiat money.

I do not know, but I'm sure everyone here and bitcoin users including I definitely expect the best for the future. Hopefully, bitcoin is becoming increasingly popular

Killer idea is how to get people to purchase Bitcoin:

1. Without having trust issues. When you exchange bitcoins you don't want to be scammed.
2. Without having banks governments intervene in the process. It should be free flowing, distributed. There should be a million traders all over the world willing to safely trade fiat for Bitcoin - not 10 exchanges around the world that get targeted all the time by banks and governments.

Think a million leaks in a damwall, instead of 5 big leaks.

I think if that happens, it is game on. There are already indications that a good couple of people prefer Bitcoin. People are starting to get the fact that Bitcoin is safer to hold because there is no FactCat at the top diluting your money without any of your control.

We need a mechanism to be able to distribute Bitcoin freely and safely, the rest will get sorted on its own.

The barrier for entry for accepting Bitcoin is low. Create a Bitcoin wallet and you are done. As easy as a FB account was to create when it started.

However to actually get Bitcoins in there is far more of an issue, you have to contact an exchange, KYC, this that. Instead ideally you would want to meet with a Bitcoin dealer, he sets you up and supplies you - if you can trust him.

Bitcoin needs to solve that trust issue, but it is a chicken/egg problem as far as I can see.

Bitcoin is really a cool concept and it has removed many flaws in our money transfer system but aw we already know that it a young market so its price is still much volatile so in that sense it can destroy a lot of things but if anyhow we can control its price movement or just can slow its price movement then i am sure it will be the best currency of the world.

To me Bitcoin fits in with the future of money, privacy and payments, the end of greedy banks and the fall of government fiat currencies. we will never have the fall of greedy governments because most of the west accepts being slaves and has no fight in them to overthrow. Bitcoin does have a future as a method of payment though. Look at it simplicity to send from here to the edge of the earth assuming that edge has a internet connection.