Topic: The future of Bitcoin - page 12. (Read 119605 times)

Interesting, lately authorities are getting more and more involved with cryptos. Maybe the future is not a total collapse as many are predicting.

Microsoft now accepts payment in Bitcoin Cash for games, Xboxes, apps and all sort of things found on their online Microsoft Store.

As Bitcoin's future becomes uncertain, it is hard to determine whenever it will be used as a mainstream currency or not. However, if Bitcoin keeps growing in price and demand, we might be seeing a great future for it. There are many things that BTC needs to have fixed

In my prediction, bitcoin is the answer in our poverty. Bitcoin in the future can maintain its stability in the market.
So if many countries will use these for their transaction and purchasing goods, it will drives for us to have a better economy in the future.

Some good news from Korea!  

South Korea Planning to Formally Allow ICOs
https://news.bitcoin.com/south-korea-planning-to-formally-allow-icos/

If look to past, in September Korea and China forbitten ICOs. And the history repeat. I think new big crypto-growing coming  

I would like to start a discussion about the future of Bitcoin.
The following is my prognosis
The future of Bitcoin
After vears of trying to break the blockchain technology that runs Bitcoin, the bankers and governements finally realized that because blockchiain was a public ledger that kept all transaction and that this ledger could not be hacked or falsified; Bitcoin could not be stopped or blocked. Like email, and i-porn, it used the internet highway and without destroying the internet and its highways of communication, the blockchain technology could not be blocked.

The banks and governments decided on another plan called “f you can`t beat them, join them”. They decided that their only chance was to buy up all the Bitcoins. They started small and encouraged Bitcoin`s price to drop by demanding regulation, not realizing that the blockchain is just a public ledger that can not be regulated. The threat of regulation caused the price of Bitcoin to drop, and when the banks and government thought that the price of Bitcoin would not go any lower, they started to buy up Bitcoins. When people realized that the banks and governments were buying up the Bitcoins, the price of Bitcoins soared in an avalanche. This made banks and governments very rich. 

Bitcoin became to be used as electronic money that could not be falsified or tampered with and that could be used as electronic cash replacing coins and notes. The banks and governments started to encourage the use of Bitcoin and replaced their coins and notes with Bitcoins. Then they replaced their plastic credit cards with chips that were implanted and that allowed money transactions to be made much faster and conveniently than with Bitcoin. They made their own centralized and regulated version of Bitcoin and called it i-coin.

After i-coin became convincingly more appealing than Bitcoin, i-coin became widely accepted. Bitcoin became outdated and old fashioned and the price of Bitcoin started to drop. Then there came a time where the only ones that were using Bitcoins were the ones that were afraid of the chip implants, and those that were afraid of the corrupt banks.
Then the corrupt criminals got on the Bitcoin bandwagon, and Bitcoins started to be outlawed in many countries. The decentralized Bitcoin miners - the keepers of the public ledger - became scarcer and scarcer and were overtaken by centralized criminal miners.

Bitcoin became what it started out as-. electronic cash for buying illegal goods. Eventually, the criminals took it over to use as their own black cash for trading one illegal good for another. This caused a boom in illegal goods, and made the criminals very wealthy.

The link to the video is below
https://www.youtube.com/watch?v=u48ccZ27wfQ&list=UU9rOAPUfZe3KEja0vvFpe_A
https://www.youtube.com/watch?v=u48ccZ27wfQ&list=UU9rOAPUfZe3KEja0vvFpe_A

That future still remains the same as it was 1 year ago and that it will rule the world economy one day.

The question you brought up about whether governments are considering buying up bitcoins is an interesting one.

It looks like the classic Prisoner's Dilemma problem. All governments would be better off if bitcoin died out, but the first government to initiate a bitcoin-reserve buying program would be in a much better position than other governments if bitcoin does become ubiquitous.

I think in the world of American hegemony we lived in between 1990-2000 there would be no bitcoin buying, but in an increasingly bipolar world of East vs. West that is developing today along with a few fragmented rogue states such as North Korea and Iran, someone will defect and start buying bitcoin which will trigger a cascade of strategic buying.

Disagree about the creation of i-coin though. No nation has enough power to unseat a truly global currency like bitcoin once it becomes ubiquitous, unless they conquer a super-majority of the world.

I think Bitcoin's future will grow rapidly and will become more and more known to people all over the world. I am sure Bitcoin in the future will be sought by many people and aka be the most investment asset step because the price is very expensive. Hopefully, our good hope about Bitcoin will be achieved in the future.

Given that price may fall down but bitcoin will not fade away that easily.  Looking back bitcoin price is much lower to its current price.  Now that bitcoin is known to be a good investment, many will surely invest in it especially that bitcoin price is unpredictable.  Its price will surely goes up some time this year.