The future of Bitcoin - page 69. | Bitcointalksearch.org

choppork

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Quote from: FasTroy on May 13, 2017, 11:17:39 AM

Quote from: Pettuh4 on May 13, 2017, 09:17:50 AM

Bitcoin as an investment has a promising future but as a currency in our day to day life I think it needs some fixing with respect to the delayed confirmations and huge transaction fees.

I agree with you. when we talk about bitcoin, we should talk about investment too.
As you said, "Bitcoin as an investment has a promising future" but when we talk about the delaying of transactions confirmations, we see that is not good for us. I mean people who want they transactions confirm very fast; This problem should be fixed.

But bitcoin is still the best of them all because if we all migrate to using a different coin, it will suffer from the very same problem. The fees will increase and the transaction time will increase as well. Since most of our investments are already in bitcoin, might as well just stay here since we'll have the same problem with other coins anyway but there can be a slight improvement but that's just not enough reason for us to do a massive migration.

"Bitcoin has tx problem." There's no point addressing the problem again and again. It doesn't help solve the problem. People already know the problem, we need a solution not a constant remainder that the problem exists.

deisik

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Quote from: erickkyut on May 10, 2017, 09:47:31 PM

I am just curious. Many of us believe that Bitcoin is the future currency but we also know that there is a limit on what we can mine. My question is, let's say we are already in the future, the Bitcoin is currently the universal curreny then we had mined all of the remaining Bitcoin, what will happen next?

Mining, as we know it today, is likely going to die

And that is as likely going to happen long before the last bitcoin is mined. In fact, we may be experiencing a paradigm shift right now (in regard to mining), though we may not fully appreciate the historicity of the moment since it is a prolonged process that takes some time. The primary question is not even whether Bitcoin mining is going to die but rather if Bitcoin is not going to die along with the current approach to mining, centralized beyond hope and excessively expensive

kayes95

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I think bitcoin will make people rich.People who buy bitcoin before 1year they knew how profit they made. I think bitcoin will take place in the world's economy.

FasTroy

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Quote from: Pettuh4 on May 13, 2017, 09:17:50 AM

Bitcoin as an investment has a promising future but as a currency in our day to day life I think it needs some fixing with respect to the delayed confirmations and huge transaction fees.

I agree with you. when we talk about bitcoin, we should talk about investment too.
As you said, "Bitcoin as an investment has a promising future" but when we talk about the delaying of transactions confirmations, we see that is not good for us. I mean people who want they transactions confirm very fast; This problem should be fixed.

MMA

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Quote from: Pettuh4 on May 13, 2017, 09:17:50 AM

Bitcoin as an investment has a promising future but as a currency in our day to day life I think it needs some fixing with respect to the delayed confirmations and huge transaction fees.

yes that is too much important, these problems must be solve on property bases, i am hopeful that very soon people will be able to use bitcoin as fiat currency even in their local shop, as currency most of the people can only use bitcoin for online purpose, while very little people have the opportunity to use bitcoin in their local shops also. i think it is also depending on the population of bitcoin. if more people are using bitcoin so more shops will be accepting bitcoin for shopping.

nobanks4me

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Quote from: Digitalbitcoin on May 13, 2017, 08:54:30 AM

Bitcoin will be a milestone of cryptomarket as it is already prime/master currency which can be exchanged globally in fiat currency.

Bitcoin is not just currency which can be used for day to day transactions, its an important and valuable asset. And in future value of this asset will increase exponentially.

Major implementation of Bitcoin and other cryptocurrencies for better economy and finance will bring real revolution in life of human being.

Bitcoin opens up many possibilities that are not possible without Bitcoin. One possibility is "helping people with a few clicks of the mouse". People without banks have the most to gain from Bitcoin. Using Bitcoin for donations is a win-win for those with Bitcoins and those without. To send a small donation does not need a high fee because the confirmation time can be as long as a few days. Take a look at one proposal to do just that. micro-just-in-time-financial-aid.blogspot.ch

Pettuh4

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Bitcoin as an investment has a promising future but as a currency in our day to day life I think it needs some fixing with respect to the delayed confirmations and huge transaction fees.

paul gatt

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Quote from: Baby Dragon on May 13, 2017, 09:07:15 AM

Quote from: nobanks4me on November 03, 2014, 01:55:21 PM

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

I think the future of bitcoin is very nice and it may helpful to all people in the world because they can use it in any kind of transaction.Bitcoin will make the online markets strong because the value of bitcoin will depends in the market so that I think I will help the economy to grow.

Sure, virtual currency is opening up a beautiful future in digital technology and bitcoin is the currency that represents all. Using bitcoin can generate a stable source of income and grow the economy. However, countries need to facilitate the bitcoin popularity.

Baby Dragon

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OWNR - Store all crypto in one app.

Quote from: nobanks4me on November 03, 2014, 01:55:21 PM

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

I think the future of bitcoin is very nice and it may helpful to all people in the world because they can use it in any kind of transaction.Bitcoin will make the online markets strong because the value of bitcoin will depends in the market so that I think I will help the economy to grow.

Digitalbitcoin

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Bitcoin will be a milestone of cryptomarket as it is already prime/master currency which can be exchanged globally in fiat currency.

Bitcoin is not just currency which can be used for day to day transactions, its an important and valuable asset. And in future value of this asset will increase exponentially.

Major implementation of Bitcoin and other cryptocurrencies for better economy and finance will bring real revolution in life of human being.

madwica

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Activity: 714

Merit: 531

I think the future of bitcoin is very bright and it would be very helpful to all people in the world. It can make us rich if we keep giving more effort to have more bitcoin and make it fiat in the future.

kpcian

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That'll be amazing...
In my point of view, the future of bitcoin will be stabilized. But there is something needs to be fixed. Firstly, the security measures should be tighter. Secondly, should emphasis on controlling the value.
Bitcoin day by day, gaining its ground and hopefully it will gain in a massive range in future.

thisappointed

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Quote from: The_Dark_Knight on May 12, 2017, 04:24:36 PM

Quote from: erickkyut on May 10, 2017, 09:47:31 PM

I am just curious. Many of us believe that Bitcoin is the future currency but we also know that there is a limit on what we can mine. My question is, let's say we are already in the future, the Bitcoin is currently the universal curreny then we had mined all of the remaining Bitcoin, what will happen next?

At that point miners will need to cover their cost with only the fees they charge for every transaction, at that point bitcoin will have become very valuable so I think by that time some whales would have gotten out of bitcoin and this will allow for more bitcoin to be distributed among the general public.

I'm pretty sure that many miners we are going to have in the future since the earning here is big enough, compare to the other ways where we could earn bitcoin, but of course you are going to need equipment on this job, you are going to need a big amount of money to buy a nice mining rig, or the other hardware that you are going to need on this thing. And yeah, it will be a trend on the public, and will be distributed, but of course people do need to buy it because they don't a choice but to buy if the Government will declare in the future that bitcoin would be the currency that we are all going to use.

DoublerHunter

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Quote from: Palodar on May 13, 2017, 06:37:30 AM

Quote from: batang_bitcoin on May 13, 2017, 01:14:19 AM

Quote from: Crystaltrade on May 12, 2017, 07:56:58 PM

Quote from: batang_bitcoin on May 12, 2017, 06:44:56 PM

Quote from: The_Dark_Knight on May 12, 2017, 04:24:36 PM

Quote from: erickkyut on May 10, 2017, 09:47:31 PM

I am just curious. Many of us believe that Bitcoin is the future currency but we also know that there is a limit on what we can mine. My question is, let's say we are already in the future, the Bitcoin is currently the universal curreny then we had mined all of the remaining Bitcoin, what will happen next?

At that point miners will need to cover their cost with only the fees they charge for every transaction, at that point bitcoin will have become very valuable so I think by that time some whales would have gotten out of bitcoin and this will allow for more bitcoin to be distributed among the general public.

I don't think that those whales are going to get out of bitcoin, that's why they are called whales. They are influential and with their power to manipulate the market of bitcoin why there's a need to get out of it if they are benefiting on this type of industry. Maybe they will retire if they had plenty of savings already but the future of bitcoin is really bright.

I think Batang is absolutely right, as long as they have the power to move the market there will be no reason for them to pull out, unless they are finally content with the money they've made and retire. At least that's what I would do if I was were a whale ....but then again I'm a newbie Grin

Come to think of it, for example you are a whale on this market and you are getting good money on it with every movement. So do you think you are going to stop with this type of trade or career? You will not even need to find your day job or real job for it because once a whale is always a whale, then it can take up an assurance for the rest of your life.

I also think that there's no need for the whales to earn a lot since their already whales they just enjoy their life or give some in charity unless they were not satisfied in their money yet that they keep on investing and risking it.

Whales are always hungry because they have a very huge tummy. The whales is one of the most aggressive traders or investors in the market and most of the time they are the winner of this kind of game so i don't think they will lose that opportunity because once you are a whale then you can easily get rich fast or get richer in just a short period of time.

umbara ardian

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If I think, as long as bitcoin always keep up with the times then this currency will be able to survive even though many emerging altcoin. Why? Because bitcoin is the forerunner of cryptocoin itself and many who want to exist both now and in the future.

Palodar

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Activity: 376

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Quote from: batang_bitcoin on May 13, 2017, 01:14:19 AM

Quote from: Crystaltrade on May 12, 2017, 07:56:58 PM

Quote from: batang_bitcoin on May 12, 2017, 06:44:56 PM

Quote from: The_Dark_Knight on May 12, 2017, 04:24:36 PM

Quote from: erickkyut on May 10, 2017, 09:47:31 PM

I am just curious. Many of us believe that Bitcoin is the future currency but we also know that there is a limit on what we can mine. My question is, let's say we are already in the future, the Bitcoin is currently the universal curreny then we had mined all of the remaining Bitcoin, what will happen next?

At that point miners will need to cover their cost with only the fees they charge for every transaction, at that point bitcoin will have become very valuable so I think by that time some whales would have gotten out of bitcoin and this will allow for more bitcoin to be distributed among the general public.

I don't think that those whales are going to get out of bitcoin, that's why they are called whales. They are influential and with their power to manipulate the market of bitcoin why there's a need to get out of it if they are benefiting on this type of industry. Maybe they will retire if they had plenty of savings already but the future of bitcoin is really bright.

I think Batang is absolutely right, as long as they have the power to move the market there will be no reason for them to pull out, unless they are finally content with the money they've made and retire. At least that's what I would do if I was were a whale ....but then again I'm a newbie Grin

Come to think of it, for example you are a whale on this market and you are getting good money on it with every movement. So do you think you are going to stop with this type of trade or career? You will not even need to find your day job or real job for it because once a whale is always a whale, then it can take up an assurance for the rest of your life.

I also think that there's no need for the whales to earn a lot since their already whales they just enjoy their life or give some in charity unless they were not satisfied in their money yet that they keep on investing and risking it.

batang_bitcoin

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Activity: 3080

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Quote from: Crystaltrade on May 12, 2017, 07:56:58 PM

Quote from: batang_bitcoin on May 12, 2017, 06:44:56 PM

Quote from: The_Dark_Knight on May 12, 2017, 04:24:36 PM

Quote from: erickkyut on May 10, 2017, 09:47:31 PM

I am just curious. Many of us believe that Bitcoin is the future currency but we also know that there is a limit on what we can mine. My question is, let's say we are already in the future, the Bitcoin is currently the universal curreny then we had mined all of the remaining Bitcoin, what will happen next?

At that point miners will need to cover their cost with only the fees they charge for every transaction, at that point bitcoin will have become very valuable so I think by that time some whales would have gotten out of bitcoin and this will allow for more bitcoin to be distributed among the general public.

I don't think that those whales are going to get out of bitcoin, that's why they are called whales. They are influential and with their power to manipulate the market of bitcoin why there's a need to get out of it if they are benefiting on this type of industry. Maybe they will retire if they had plenty of savings already but the future of bitcoin is really bright.

I think Batang is absolutely right, as long as they have the power to move the market there will be no reason for them to pull out, unless they are finally content with the money they've made and retire. At least that's what I would do if I was were a whale ....but then again I'm a newbie Grin

Come to think of it, for example you are a whale on this market and you are getting good money on it with every movement. So do you think you are going to stop with this type of trade or career? You will not even need to find your day job or real job for it because once a whale is always a whale, then it can take up an assurance for the rest of your life.

Crystaltrade

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Activity: 36

Merit: 0

Quote from: batang_bitcoin on May 12, 2017, 06:44:56 PM

Quote from: The_Dark_Knight on May 12, 2017, 04:24:36 PM

Quote from: erickkyut on May 10, 2017, 09:47:31 PM

I am just curious. Many of us believe that Bitcoin is the future currency but we also know that there is a limit on what we can mine. My question is, let's say we are already in the future, the Bitcoin is currently the universal curreny then we had mined all of the remaining Bitcoin, what will happen next?

At that point miners will need to cover their cost with only the fees they charge for every transaction, at that point bitcoin will have become very valuable so I think by that time some whales would have gotten out of bitcoin and this will allow for more bitcoin to be distributed among the general public.

I don't think that those whales are going to get out of bitcoin, that's why they are called whales. They are influential and with their power to manipulate the market of bitcoin why there's a need to get out of it if they are benefiting on this type of industry. Maybe they will retire if they had plenty of savings already but the future of bitcoin is really bright.

I think Batang is absolutely right, as long as they have the power to move the market there will be no reason for them to pull out, unless they are finally content with the money they've made and retire. At least that's what I would do if I was were a whale ....but then again I'm a newbie Grin

Angel777

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Activity: 56

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Bitcoin is an easy money to exchange curency.
If you know how to invest bitcoin and know how to manage it you have a good future.
It will be use to transact business especially the traders.
This bitcoin for the future will be used as a currency for one world goverment.

batang_bitcoin

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Activity: 3080

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Quote from: The_Dark_Knight on May 12, 2017, 04:24:36 PM

Quote from: erickkyut on May 10, 2017, 09:47:31 PM

I am just curious. Many of us believe that Bitcoin is the future currency but we also know that there is a limit on what we can mine. My question is, let's say we are already in the future, the Bitcoin is currently the universal curreny then we had mined all of the remaining Bitcoin, what will happen next?

At that point miners will need to cover their cost with only the fees they charge for every transaction, at that point bitcoin will have become very valuable so I think by that time some whales would have gotten out of bitcoin and this will allow for more bitcoin to be distributed among the general public.

I don't think that those whales are going to get out of bitcoin, that's why they are called whales. They are influential and with their power to manipulate the market of bitcoin why there's a need to get out of it if they are benefiting on this type of industry. Maybe they will retire if they had plenty of savings already but the future of bitcoin is really bright.

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