The Future of Bitcoin Is Not as a Digital Currency

mrbigmugs

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Quote from: stomachgrowls on January 03, 2017, 10:42:34 AM

Quote from: anonbit992 on January 03, 2017, 10:27:38 AM

Quote from: machinek20 on December 31, 2016, 10:47:45 PM

I am pretty sure bitcoin will become future digital currency, the enthusiatic of bitcoin user is very high, and the transaction flow of this coin is really high, and in the future there will be more user used bitcoin as currency, and beside of that bitcoin also can become investment, so there will be more and more people used bitcoin

I agree with you. Bitcoin will become a global, alternative currency to US dollar and Euro. People will use it to do more transaction with each other. Every day the transactions are growing and more users are getting to the game. People are using bitcoin as a store of value which shows their confidence in bitcoin.

I dont think so that bitcoin would able to compete with the most powerful currency on the entire globe and i believe that bitcoin would remain as a digital currency only and would stay on its place.If bitcoin would be a global currency they should focus first on how to centralized it because if they cant do it then they would not recognize it for sure.

i also do not think so, to me i think the only successful online currency is bitcoin and will continue for ever as most of the people are still giving preference to bitcoin and therefore it will remain the world number one currency.

Dr.Osh

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the better a technology it will lead towards digital technology. bitcoin has entered the digital world, and I think that is where the future of bitcoin. the times, it will start to turn towards digital and towards more practical. I am very sure, if bitcoin is used in the real world, I'm sure it will also be used in digital form, such as an atm card.

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I doubt bitcoin will just suddenly die, because people stopped using it. The price is rising along with the popularity, I think btc is becoming only stronger. And being digital is in the essence of bitcoin. I heard about the ideas of making btc paper money. I think its crazy, because being immaterial is one of the btc advantages above the fiat.

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Quote from: ikydesu on January 04, 2017, 05:07:42 AM

That's is not a circle company purpose to be a bitcoin exchange in first place, it's mentioned on the article, so clearly if they just try bitcoin, not really want to be a real bitcoin exchange, I think the purpose is to see how people interested to digital currency.

That will not affect to other company who have a serious run bitcoin business. No doubt bitcoin will be a future digital currency.

Yes true in the future bitcoin will still be a digital currency and will not change. Because the future of digital currency will become a trend, and it will start from the bitcoin. I think this is the purpose of establishing bitcoin to make people interested in the future with digital currency. I believe bitcoin still will be digital currency and will continue to grow.

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That's is not a circle company purpose to be a bitcoin exchange in first place, it's mentioned on the article, so clearly if they just try bitcoin, not really want to be a real bitcoin exchange, I think the purpose is to see how people interested to digital currency.

That will not affect to other company who have a serious run bitcoin business. No doubt bitcoin will be a future digital currency.

geopolisch

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Quote from: nara1892 on January 03, 2017, 02:49:25 PM

currency refers to a generally accepted form of
money, including coins and paper notes, which is issued by a government and circulated within an economy.

actually bitcoin is form of money, we can buy things by bitcoin, and it is issued by government and circulated within economy of a country like Japan. so according to the definition, bitcoin is a currency, even it has another function.

Yes, the property of investment opportunity will not last for ever. Because the demand of bitcoin will get saturated according to the world population regardless of its limited supply. But this will happen only after 200 years. So, as of now bitcoin will be serving us in both the functionalities.

Maybe in future itself, bitcoin will be identified as only currency as the price appreciations will not be in significant levels at any time like gold is doing right now.

nara1892

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currency refers to a generally accepted form of
money, including coins and paper notes, which is issued by a government and circulated within an economy.

actually bitcoin is form of money, we can buy things by bitcoin, and it is issued by government and circulated within economy of a country like Japan. so according to the definition, bitcoin is a currency, even it has another function.

error08

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I don't understand the whole idea of this BS article https://www.wired.com/2016/12/future-bitcoin-not-digital-currency/
Well, all these years later, bitcoin is certainly not a mainstream digital currency. And Circle’s decision to stop operating as a bitcoin exchange is just the latest sign that it won’t become one anytime soon.
All this 8 years, bitcoin has been the best and mainstream digital currency compare to other altcoins obviously.
Yeah, better for them to quit interfere bitcoin world and create their own cryptocurrency.
What makes bitcoin moving forward because it is digital, send/receive through online network.
If bitcoin in the future create not as digital currency then it will be deterioration of bitcoin development.

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What is happening here is that middle men like Circle have found that there is no use for their services. If bitcoin takes off, people will be using bitcoin directly, so no need for an interface in the middle.

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Quote from: anonbit992 on January 03, 2017, 10:27:38 AM

Quote from: machinek20 on December 31, 2016, 10:47:45 PM

I am pretty sure bitcoin will become future digital currency, the enthusiatic of bitcoin user is very high, and the transaction flow of this coin is really high, and in the future there will be more user used bitcoin as currency, and beside of that bitcoin also can become investment, so there will be more and more people used bitcoin

I agree with you. Bitcoin will become a global, alternative currency to US dollar and Euro. People will use it to do more transaction with each other. Every day the transactions are growing and more users are getting to the game. People are using bitcoin as a store of value which shows their confidence in bitcoin.

I dont think so that bitcoin would able to compete with the most powerful currency on the entire globe and i believe that bitcoin would remain as a digital currency only and would stay on its place.If bitcoin would be a global currency they should focus first on how to centralized it because if they cant do it then they would not recognize it for sure.

anonbit992

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Quote from: machinek20 on December 31, 2016, 10:47:45 PM

I am pretty sure bitcoin will become future digital currency, the enthusiatic of bitcoin user is very high, and the transaction flow of this coin is really high, and in the future there will be more user used bitcoin as currency, and beside of that bitcoin also can become investment, so there will be more and more people used bitcoin

I agree with you. Bitcoin will become a global, alternative currency to US dollar and Euro. People will use it to do more transaction with each other. Every day the transactions are growing and more users are getting to the game. People are using bitcoin as a store of value which shows their confidence in bitcoin.

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Quote from: unknown04 on December 13, 2016, 04:57:06 AM

Circle unveiled itself at a bitcoin conference in 2014, vowing to take the digital currency mainstream. But like so many other startups that embraced this big idea at around the same time, its mission has changed.

In January, I met Circle CEO Jeremy Allaire for coffee in San Francisco. Even then, he was careful to paint his company not as a bitcoin operation but as an outfit that would help people easily trade good old-fashioned dollars with friends and family via a new smartphone app. And now, as it announced yesterday, Circle will no longer allow customers to buy and sell bitcoin. "READ MORE FROM LINK BELOW"

News Source: https://www.wired.com/2016/12/future-bitcoin-not-digital-currency/

What do you guys think ? I certainly think bitcoin will become the digital currency in future and this article is BS. However, I'm no bitcoin expert. What do you guys think about this ? Will it become the digital currency in future ?

You are correct that whole articvle is pure FUD. CEO from Circle said that we dont use BTC anymore within 5 years...

Pathetic and disgusting turnover.

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Quote from: katrimans on January 03, 2017, 08:42:44 AM

Quote from: Farma on January 01, 2017, 12:19:06 AM

I may not agree with this opinion. Well, it can be said that the current bitcoin digital currency is best, even bitcoin able to compete with PayPal, and I'm sure a lot of people are recognizing it. bitcoin development can also be said to be very fast. So, sooner or later, all internet users, will try to save bitcoin, and will use it as a digital currency.

I am also not agree with this statement, I think bitcoin is really created as digital currency, and in future it will remain as digital currency and is not going to change in paper money or something else, in fact the world’s trend is also changing and now people are most do trade online that is the reason the value of bitcoin is continuously increasing.

that's right , the factor that make bitcoin skyrocketing it is because of a lot of transaction made.
and of course it is drive to a high demand too, people have used bictoin already as digital currency.
we cannot avoid that fact , and people really love with it.

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Quote from: katrimans on January 03, 2017, 08:42:44 AM

Quote from: Farma on January 01, 2017, 12:19:06 AM

I may not agree with this opinion. Well, it can be said that the current bitcoin digital currency is best, even bitcoin able to compete with PayPal, and I'm sure a lot of people are recognizing it. bitcoin development can also be said to be very fast. So, sooner or later, all internet users, will try to save bitcoin, and will use it as a digital currency.

I am also not agree with this statement, I think bitcoin is really created as digital currency, and in future it will remain as digital currency and is not going to change in paper money or something else, in fact the world’s trend is also changing and now people are most do trade online that is the reason the value of bitcoin is continuously increasing.

I'm not sure. In fact, Bitcoin is gradually becoming popular, the future of Bitcoin is very difficult to predict, Maybe the future Bitcoin will collapse and maybe it will develop but it will remain as digital currency. We can not predict about Bitcoin in the future

Factmine

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Quote from: katrimans on January 03, 2017, 08:42:44 AM

Quote from: Farma on January 01, 2017, 12:19:06 AM

I may not agree with this opinion. Well, it can be said that the current bitcoin digital currency is best, even bitcoin able to compete with PayPal, and I'm sure a lot of people are recognizing it. bitcoin development can also be said to be very fast. So, sooner or later, all internet users, will try to save bitcoin, and will use it as a digital currency.

I am also not agree with this statement, I think bitcoin is really created as digital currency, and in future it will remain as digital currency and is not going to change in paper money or something else, in fact the world’s trend is also changing and now people are most do trade online that is the reason the value of bitcoin is continuously increasing.

Indeed bitcoin is truly one of the best digital currency we have today. But the problem is that there would probably be a better one that would change bitcoins and ultimately be the next digital currency that would totally pace out fiat currency. Because bitcoin might not catch up with the whole world before governments create their own cryptocurrency that they would have to replace their fiat.

katrimans

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Quote from: Farma on January 01, 2017, 12:19:06 AM

I may not agree with this opinion. Well, it can be said that the current bitcoin digital currency is best, even bitcoin able to compete with PayPal, and I'm sure a lot of people are recognizing it. bitcoin development can also be said to be very fast. So, sooner or later, all internet users, will try to save bitcoin, and will use it as a digital currency.

I am also not agree with this statement, I think bitcoin is really created as digital currency, and in future it will remain as digital currency and is not going to change in paper money or something else, in fact the world’s trend is also changing and now people are most do trade online that is the reason the value of bitcoin is continuously increasing.

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Quote from: bitbunnny on January 01, 2017, 11:59:24 PM

Quote from: FinanceUS on December 31, 2016, 10:58:37 PM

It is only Circle's own problem not to allow their customers buying and selling Bitcoin, it is not Bitcoin's problem. It just means that Circle is not going to succeed. Other companies will find ways to take over Circle's current service.

That is true, someone else will take their place and make money instead of them. Circle has made wrong business decision.
But Bitcoin is and will remain digital currency so I can't actualy see the point of this article. And Bitcoin already is future.

In future even the fiat currencies are going to change in to digital currencies, as some countries are taking serious action to launch their own digital currency because of the increasing demand of online trading and shopping etc.

I think bitcoin is really becoming more stronger than its previous position and hope that in future it will remain the world number one digital currency.

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Bitcoin basis is the currency so bitcoin would forever be seen as currency although it could also be said as investments due the value of bitcoin are fluctuate.

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Quote from: unknown04 on December 13, 2016, 04:57:06 AM

Circle unveiled itself at a bitcoin conference in 2014, vowing to take the digital currency mainstream. But like so many other startups that embraced this big idea at around the same time, its mission has changed.

In January, I met Circle CEO Jeremy Allaire for coffee in San Francisco. Even then, he was careful to paint his company not as a bitcoin operation but as an outfit that would help people easily trade good old-fashioned dollars with friends and family via a new smartphone app. And now, as it announced yesterday, Circle will no longer allow customers to buy and sell bitcoin. "READ MORE FROM LINK BELOW"

News Source: https://www.wired.com/2016/12/future-bitcoin-not-digital-currency/

What do you guys think ? I certainly think bitcoin will become the digital currency in future and this article is BS. However, I'm no bitcoin expert. What do you guys think about this ? Will it become the digital currency in future ?

Whatever Circle is having or believing, they are entitled to it. They know what they saw when they went in all for Bitcoin and now, they are saying they are leaving who am I to say No to them or castigate the position they are choosing? All I know is that they cannot remove the fact that Bitcoin serving as a digital currency contributed to a large extent to the popularity it enjoys today. No more no less.

mrbigmugs

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Quote from: bitbunnny on January 01, 2017, 11:59:24 PM

Quote from: FinanceUS on December 31, 2016, 10:58:37 PM

It is only Circle's own problem not to allow their customers buying and selling Bitcoin, it is not Bitcoin's problem. It just means that Circle is not going to succeed. Other companies will find ways to take over Circle's current service.

That is true, someone else will take their place and make money instead of them. Circle has made wrong business decision.
But Bitcoin is and will remain digital currency so I can't actualy see the point of this article. And Bitcoin already is future.

people now changing their attitude, they are giving preference to online shopping therefore their first priority is also bitcoin as bitcoin is the world number one digital currency and will also remain in future.

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