The Future of Bitcoin Is Not as a Digital Currency - page 2.

bitbunnny

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Quote from: FinanceUS on December 31, 2016, 11:58:37 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.

Xester

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Quote from: unknown04 on December 13, 2016, 05:57:06 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 ?

Having Circle leaving behind and moving forward with PayPal and paymaya has no effect on bitcoin economy. Even though they left, bitcoin has again improve and strengthen itself with its price rising up to 1000$. But the question of it becoming the digital currency of the future is vague. Banks and government are now moving towards a fiat virtual currency. Virtual currency is the future but its not sure if it is bitcoin.

Wind_FURY

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Quote from: GreenBits on December 31, 2016, 11:15:16 PM

Quote from: Wind_FURY on December 31, 2016, 10:28:56 PM

I can see other Bitcoin based exchanges and payment processors either closing or doing a pivot just like Circle did. There is not enough money in the whole Bitcoin economy to have this many exchanges that we have right now. Some of them will have no choice but to close down. The most potent niche in the Bitcoin market right now is the dark markets. The growth potential over there is so big it will become like a gold rush for drug vendors.

Yeah they are some Bitcoin users using Bitcoin to buy drugs in the Dark Market and they use Bitcoin to scam peoples.

That is reality. There is a lot of "legitimate" Bitcoin based businesses that are out there to scam the people too. There are cloud mining sites, some of the altcoin exchanges and many more just waiting to do their own exit scams. The foundations of all of Bitcoin is based on scams which created and developed its own ecosystem.

olubams

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Quote from: unknown04 on December 13, 2016, 05:57:06 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 ?

Every one have the right to his or her own view based on the assumption and interpetation he holds to be valid but that also does not mean we have to buy the idea or force that same idea on us... In as much as they did not believe that Bitcoin's future is not as digital currency, no one can still erase the fact that, that function is one of those things that brings the current popularity being enjoyed today because to majority especially non-techie guys every other thing, aside digital currency, is simply "A CODE OR SOFTWARE"...

gabmen

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Well I agree. Bitcoin has all the potential to be the main digital currency in the future. With the features that bitcoin has, I think it would be fiat's digital equivalent when it comes to use. Even now, the surge of bitcoin's price indicates that more and more people are already using it and given a couple of more years, bitcoin for me would be the primary digital currency that most people use.

CyberKuro

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What they're talking about, The bitcoin blockchain helps drive Circle Pay, the app that lets you trade dollars with friends and family. And the company just unveiled a new open source project called Spark that seeks to use the blockchain and similar distributed ledgers as a means of moving all sorts of currencies, something so many others are working on
Seems like a propaganda to get rid of bitcoin from blockchain technology and take the distributed ledger for them.
I agree that circle pay should stop trade bitcoin and just create their own technology and cryptocurrency to compete with bitcoin.

Hilteron

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Quote from: unknown04 on December 13, 2016, 05:57:06 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 ?

Yes, ofcourse. It must become a digital currency in the future. many big companies in the world have accepted bitcoin as payment method.
nearly people over the world are using all smart devices in their life so that is the way to use bitcoin as a digital currency for payment.

Farma

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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.

deadsilent

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Bitcoin will be the future digital currency. Look at the market cap. Its really huge.
Bitcoin is really trending right now. Its on the news and i've watched some of it. Circle is loser. I dont care about them. They said that bitcoin will not be remember after 5 years. We'll see that after 5 years. As i predict circle wont last after 5 years.

nanay777

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The future of digital currency will to unify, appear a super strong situation.
My country's banks at the beginning of this year had held a seminar on digital currency, the central bank issued digital currency has been put on the agenda. Some of the world's banks and technology companies are also developing digital currency, the Bank of England plans to issue digital currency. All this means that the digital currency is getting closer and closer to our real life. However, the government led the issue of digital currency may be in circulation in the future, perhaps bitcoin can only exist as an asset class in my country.

FinanceUS

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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.

machinek20

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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

GreenBits

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Quote from: Wind_FURY on December 31, 2016, 10:28:56 PM

I can see other Bitcoin based exchanges and payment processors either closing or doing a pivot just like Circle did. There is not enough money in the whole Bitcoin economy to have this many exchanges that we have right now. Some of them will have no choice but to close down. The most potent niche in the Bitcoin market right now is the dark markets. The growth potential over there is so big it will become like a gold rush for drug vendors.

Yeah they are some Bitcoin users using Bitcoin to buy drugs in the Dark Market and they use Bitcoin to scam peoples.

Wind_FURY

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I can see other Bitcoin based exchanges and payment processors either closing or doing a pivot just like Circle did. There is not enough money in the whole Bitcoin economy to have this many exchanges that we have right now. Some of them will have no choice but to close down. The most potent niche in the Bitcoin market right now is the dark markets. The growth potential over there is so big it will become like a gold rush for drug vendors.

The Sceptical Chymist

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This is kind of an old thread now, but I'm still very disappointed that Circle did this. Buying bitcoin was as easy as I've ever seen. I signed up at Kraken, and they're so full of shit as far as buying bitcoin with USD it's ridiculous, and I'm not doing it with them.

Circle is entitled to their opinion about anything, just as we all are, but it really sucks that they abandoned bitcoin. I have no use for them now. If I want to send fiat to someone, PayPal is just as easy and I've been using them for a lot longer than Circle. Cry

DrGuns4Hands

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i think it will be digital currency in anytime now we have our new president i think there will be a revolution where we can use bitcoin as digital currency and use it on our everyday life because it is so powerful and one more thing in bitcoin we can send or received bitcoin anonymously that's what i like about bitcoin and also they're pushing it to other company thats why other companies accepting bitcoin as a payment.

markyminer

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Quote from: marshallbro on December 13, 2016, 08:52:30 AM

u are actually right that bitcoin will be the future digital currency.and it has been started to be accepted in it as worldwide .well dont worry ,bitcoin is the future.

the future of bitcoin is a a digital currency and there is not doubt about this, as in future people will mostly use online trading therefore bitcoin will be their first option, and they will use it as digital currency throughout the world.

raja2sumi

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Well it might happen that slme countries might ban bitcoins to some extend .well most of people whole over the globe would be using bitcoins as their digital crpytocurrency .

Barbut

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This article means nothing, I spent 10 minutes for nothing. They can continue to drink coffee and wonder about what can happen in the future, its their right. Future of bitcoin is being made right now, and for almost a year in bitcoin I see progress, maybe that progress is not fast as some people expect to be, but we will get there.
Bitcoin is digital currency, and it can be used much more in the future, mass adoption can happen and we just need to wait for it.

lol3c

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Bitcoin is always a digital currency since it was created. At present, Bitcoin is still need many support from people and investors to make it become even a greater currency in the future. The Bitcoin adoption is one of the most important mission for Bitcoin right now. There are still many countries discourage citizen from using it and it is really annoying. I hope that in the future, many more people will realize the benefits of Bitcoin and start using it as a primary currency.

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