Topic: The Future Of Cryptocurrency - page 6. (Read 1029 times)
This is a progress that is very useful for the future. cryptocurrency is the future of the economy and the world's transactions, the more so the more practical of course will also be much easier for. This certainly will be more liked by everyone because for the future nearly everyone likes practical.
I hate to be the bad guy in this thread, but Crypto has about a 15-30% chance of being completely squashed by the federal governments around the globe. The basic roadmap of all coins needs to be written into federal law. It needs to become highly regulated, and fast. If it doesn't, the NY law will not hold, and the US federal government will remove roughly 60% of the market share. The theory is amazing, and yes it will survive no matter what but we might be long in this game for a very bumpy ride.We are peeling the herd still today. Adoption is key.
From my own little understanding of what cryptocurrency is, it has come to stay forever, because alot of country has started looking into adopting the currency why some are even thinking of creating their own currency, the major challenge is how to control the volatility of the currency
For me in n my opinion Cryptocurrency is big potential for investment and theres a possible to become popular in a wholeword because of good investment and good price.cryptocurrency is ideal also for changing in life in every persons because we have a chance to invest in low pricing value so that big help of us to become rich.cryptocurrency is theres a bright future aomeday because of people use it.
From my own little understanding of what cryptocurrency is, it has come to stay forever, because alot of country has started looking into adopting the currency why some are even thinking of creating their own currency, the major challenge is how to control the volatility of the currency
I honestly don't care when they claim a virtual coin is backed by a government, the whole reason of Bitcoin is to give more freedom to the user away from governments, banks and inflation. They just keep arguing the same thing over and over, it isn't backed by anything. But something that is backed by the government still relies on the same thing that Bitcoin does aswell, trust and faith that I can use my BTC or Canadian Dollar in exchange for goods and services. Governments can collapse or abuse their power so I don't think its a very reliable backing.
Currencies that are controlled or partenered with governments are not a crypto in my eyes
Currencies that are controlled or partenered with governments are not a crypto in my eyes
I think I prefer ripple as best a cryptocurrecy in the future, the development team is working hard to collaborate with various payment service providers, although their goal to work with Banks is still not getting good news, but I'm sure one day ripple will succeed
Ripple's protocol is an exemplary model for crypto usage which can make mainstream adoption for financial institution easy. I believe in the project too, it's just that there are too many coins in circulation. - really turns me off.
The emergence of Bitcoin has sparked a debate about its future and that of other cryptocurrencies. Despite Bitcoin’s recent issues, its success since its 2009 launch has inspired the creation of alternative cryptocurrencies such as Litecoin, Ripple and MintChip. A cryptocurrency that aspires to become part of the mainstream financial system would have to satisfy very divergent criteria. While that possibility looks remote, there is little doubt that Bitcoin’s success or failure in dealing with the challenges it faces may determine the fortunes of other cryptocurrencies in the years ahead.
We stand on the threshold of something new and very important! I'm sure with every year the quantity of crypto enthusiast will arrive. And now we have great chance to make investments in our future. blockchain is technology of the future, in 10-15 years we would hardly recognize the world)
According to me the future of Cryptocurrency is very bright and i believe this too. I think one day crypto will dominion in the world and everyone will depend on this currency as well. So probably it's future will be awesome.
Many said that the crypto currecny or the crypto market will just disappear and will become a bubble. They are just guessing negative thoughts about this. But for me, i have a strong feeling that this crypto market will shine and will be more regulated in the future that all countries will use crypto coin even in the daily transactions.
MintChip was first launched in 2012 and MintChip is a secure set of smart chips that can be integrated with PC and mobile devices and gadgets.
but not many people know about MintChit so lost popularity with Bitcoin.
but not many people know about MintChit so lost popularity with Bitcoin.
Crypto currency had very bright future.Now the transaction of bitcoin is increased by lightnings technology.Due to bitcoin transaction increased,the transaction of bitcoin will increases.The price of litecoin is also increased now.All the Crypto currency had it's own value,so the future of crypto currency is very nice.
Bitcoin – the Current Standard, that uses peer-to-peer technology.
Bitcoins are created digitally through a “mining” process that requires powerful computers to solve complex algorithms and crunch numbers. They are currently created at the rate of 25 Bitcoins every 10 minutes and will be capped at 21 million, a level that is expected to be reached in 2140.
Litecoin – Litecoin is designed for processing smaller transactions faster. Unlike the heavy computer horsepower required for Bitcoin mining, Litecoins can be mined by a normal desktop computer.
Ripple – Like Bitcoin, Ripple is both a currency and a payment system. The currency component is XRP, which has a mathematical foundation like Bitcoin. The payment mechanism enables the transfer of funds in any currency to another user on the Ripple network within seconds.
MintChip – Unlike most cryptocurrencies, MintChip is actually the creation of a government institution, specifically the Royal Canadian Mint. MintChip is a smart card that holds electronic value and can transfer it securely from one chip to another. Like Bitcoin, MintChip does not need personal identification; unlike Bitcoin, it is backed by a physical currency, the Canadian dollar.
To read more details @ https://www.investopedia.com/articles/forex/091013/future-cryptocurrency.asp
I honestly don't care when they claim a virtual coin is backed by a government, the whole reason of Bitcoin is to give more freedom to the user away from governments, banks and inflation. They just keep arguing the same thing over and over, it isn't backed by anything. But something that is backed by the government still relies on the same thing that Bitcoin does aswell, trust and faith that I can use my BTC or Canadian Dollar in exchange for goods and services. Governments can collapse or abuse their power so I don't think its a very reliable backing.
i totally agree
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Cryptocurrencies still need a lot of ideas and facilities to be the most popular payment methods. There is no secure devices to accept payments in by retailers (like credit cards terminals).
I see the future in the blockchain in many services. But for payments this is still imperfect (we all know this). While decentralized payments will not be improved recognition will come very slowly.
There is little difference between Bitcoin and Ripple. Bitcoin technology only supports Bitcoin delivery among users. If you want to monetize Bitcoin into your country's local currency, then you should look for exchange or other Bitcoin users who want to redeem your Bitcoin into local currency. If you use Ripple, you no longer need to bother looking for a place to sell your digital currency because Ripple technology facilitates XRP exchange with various currencies in the world, including Bitcoin.I think it's very difficult for ripples to go forward like rival bitcoin
The logic behind bitcoin and blockchain technology is the future itself. Right now people are focusing on how can they make more money instead of the importance of that technology. We will see blockchain technology integration in every aspects of our daily lives before too long. No matter what we should embrace that technology because it will help us free our selves from boundaries of today.
The technology has proved itself to be working well not just for cryptocurrencies so the adoption will happen but will take time of course. People and companies aren't that confident in changes so it will take time. Even me were afraid for change when I started bitcoin.
The logic behind bitcoin and blockchain technology is the future itself. Right now people are focusing on how can they make more money instead of the importance of that technology. We will see blockchain technology integration in every aspects of our daily lives before too long. No matter what we should embrace that technology because it will help us free our selves from boundaries of today.
I think the most viable coin is staking coin it is really good for futures and friendly to resources. I like how dash work with it masternodes or waves with its leasing feature or we can support DPOS. DPOS consensus also good for the blockchain and world. We will see ethereum enter staking phase soon and it could be interesting.
That is only talking purely in terms of electricity and hardware sustainability. True, staking is cheap and friendly to the environment, but when you compare costs to secure against POW coin like Bitcoin, which has actual utility in the world and mainstream users using it exactly what it was meant to be, then you have to say that staking still has a lot to prove. It also encourages holding and that for me artificially boosts the price (due to scarcity with holders only willing to make more with staking).
Bitcoin – the Current Standard, that uses peer-to-peer technology.
Bitcoins are created digitally through a “mining” process that requires powerful computers to solve complex algorithms and crunch numbers. They are currently created at the rate of 25 Bitcoins every 10 minutes and will be capped at 21 million, a level that is expected to be reached in 2140.
Litecoin – Litecoin is designed for processing smaller transactions faster. Unlike the heavy computer horsepower required for Bitcoin mining, Litecoins can be mined by a normal desktop computer.
Ripple – Like Bitcoin, Ripple is both a currency and a payment system. The currency component is XRP, which has a mathematical foundation like Bitcoin. The payment mechanism enables the transfer of funds in any currency to another user on the Ripple network within seconds.
MintChip – Unlike most cryptocurrencies, MintChip is actually the creation of a government institution, specifically the Royal Canadian Mint. MintChip is a smart card that holds electronic value and can transfer it securely from one chip to another. Like Bitcoin, MintChip does not need personal identification; unlike Bitcoin, it is backed by a physical currency, the Canadian dollar.
To read more details @ https://www.investopedia.com/articles/forex/091013/future-cryptocurrency.asp
I honestly don't care when they claim a virtual coin is backed by a government, the whole reason of Bitcoin is to give more freedom to the user away from governments, banks and inflation. They just keep arguing the same thing over and over, it isn't backed by anything. But something that is backed by the government still relies on the same thing that Bitcoin does aswell, trust and faith that I can use my BTC or Canadian Dollar in exchange for goods and services. Governments can collapse or abuse their power so I don't think its a very reliable backing.
Changes will occur in a decentralized system, and pioneers in disappointments will be those who are somehow connected with the currency. And of course, all without exception ICO.
It will not collapse, but correction. Of course, it will affect some companies, services or citizens - many are waiting for and experience, and bankruptcy, someone - prison. Someone at once.
Now we see exactly something similar to the pre-flush state of the Dotcomovian bubble. Nothing changing the essence of the company and just adding the word blockchain in the name, the business can immediately increase its capitalization at times.
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