Topic: The future of Bitcoin - page 26. (Read 119596 times)

I'm optimistic future bitcoin will be brilliant, this is because the users continue to increase so as to make the price continues to rise. I'm sure the prices this year would reach over $2500/btc.

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 Bitcoin became outdated and old fashioned and the price of Bitcoin started to drop.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

HAHA i have to say yur post intrigued me, especially this part

Lets look farther nto this statement.

China forces all of its Bitcoin investors to sell off their bitoinc in the anticipation of the release of their technology company Alibaba openng up for trading on the public market. This was not to destroy Bitcoins but to secure the ownership of their technological company ALIBABA. Now if we go to Alibaba we will see more than 30% of the sellers on there have what?? Thats right folks BITCOIN MINING EQUIPMENT, and over 70% of thier sister site Aliexpress have sellers with mining equipment for sale. If we add this to the newest competition pool against Ghash.io Discuss Pool we see that china is actually making HUGE astronomical profits off bitcoin right now, they manufacture the mining equipment, mine with it for months before they sell it to us. The chinese government is not against Bitcoins and its usage they are against a financial system they can not control, but they surely have not had a problem with reaping the profits of bitcoin in any way.

Suppose bitcoin thrived, I can see a very high potential with the cryptocurrency being the new form of money, and bitcoin might become the currency to be used or if not at the very least bitcoin would be the stepping stone to a cryptocurrency better and more efficient and potentially more stable. Bitcoin could be the currency that the whole world would be using if given the chance. But for now we have to suppprt bitcoin to ensure this bright future for the cryptocurrency king.