Topic: The future of cryptocurrency. - page 6. (Read 1019 times)

No one knows. As for Satoshi, he said this for Bitcoin.


And while this is for Bitcoin, we all know how influential Bitcoin is for the whole market. So, if there will be large transactions for Bitcoin by that time then so as for the altcoins too. Otherwise, there might no volume at all.

It is hard to tell what will happen especially in a specific time period. Even people from before thought we would have flying cars by now. However I do see that development is constantly happening in our world. It is not only constant but it is also fast changing. Web3 is already such a step ahead in terms of development and who is to say that cryptocurrency would not be out future?

Even Fiat money is now put in digital wallets because it is more convenient. I believe that cryptocurrency will also be used by a lot of people for convenience. Along with privacy of course. I know that cryptocurrency will stay and will be used by vast majority of people. It all depends on how each government will react to cryptocurrency. Will they embrace or stand against evolution?

I think it's really important for crypto to go mainstream.  Right now it's still pretty niche - like, can you imagine if your grandma could easily buy her groceries with bitcoin? That would be wild.  We'd probably see way more user-friendly apps, more stores accepting different cryptos as payment and just overall wider adoption.  

As for totally replacing regular fiat money? Hmm I'm not sure and  crypto obviously has some good things going for it - transparency, security, and all that.  But fiat currencies like the dollar have a ton of infrastructure and government support behind them. I'd guess they'll probably coexist filling different needs for people.  Kinda like how cash and credit cards do now - both have their place.  

But here's the really exciting part - crypto creates possibilities for completely new economic models and systems! Things like microtransactions, crowdfunding, decentralized versions of apps we already use today.  So while I can't predict exactly how it'll pan out I think one thing's for sure: crypto is here to stay and its gonna keep pushing boundaries!

It's like telling fortunes with cards. Nobody knows what will happen. Only fantasies. I think that in 20 years the cryptocurrency will only strengthen, but there will be other trends. For example, each country will have its own national cryptocurrency. In this case, yes, there will be more transactions in cryptocurrency than in fiat.

The future is centralized. For most users of Bitcoin and other cryptos today, it is already effectively centralized since most people use some kind of broker or app that has their name and address connected to a database entry representing their holding. What this tells me is that most consumers don't care about "decentralized" and probably most don't even know what that means.

The other factor will be scalability. Decentralized architectures simply cannot scale to anywhere near the level necessary to handle worldwide transaction volume. None have even come within several orders of magnitude of the necessary scale, and after over 13 years of trying, I think it's time to concede that there's no magic that's going to overcome the speed of light limitation.

Bitcoin and cryptos have shown that consumers want memes to invest in, and they would really love it it if they could have anonymous small transactions e.g. internet cash--something that a lot of people thought cryptocurrencies would do only to find out that they don't really work.

A centralized architecture solves the scalability problem when it's done right (e.g. you ditch blockchain, which makes no sense in a centralized architecture). This approach allows digital currency to truly supplant all current sovereign physical currencies and all credit card transactions. In other words, it could actually take over the billions of worldwide daily transactions that are done today.

Haypenny is an example of a centralized digital currency usage paradigm and architecture and it's WAY easier to use than blockchain-based currencies since you don't need a key pair (or any other kind of identity): it's like pure internet cash. Once users get used to the speed and ease of use of centralized non-blockchain digital currencies, I think a big chunk of the market will move over to it.

we will never know what will happen in the future. but when more and more business people are aware of the growth and development of business with blockchain networks. I think adoption will continue to increase as time goes by.
This is not an easy matter when the government still limits the use of crypto transactions. But as long as it doesn't replace fiat as the main means of payment transactions, it shouldn't be a problem. Moreover, the imposition of taxes on transactions and ownership of crypto assets is also implemented in several countries.

Nowadays the adoption of cryptocurrency is increasing day by day. The future of cryptocurrency over the next 20 years or so is difficult to predict with certainty. But I expect there will be a big change in cryptocurrency, a time may come when people will become popular in crypto currency transaction. About 4% to 5% of the world's population is involved in crypto currency transaction. I think it's still far from the fact that crypto currency transactions will outpace fiat. I doubt this will happen not in the next 100 years because fiat currencies are the most used in global transactions in the world. Cryptocurrency transactions will overtake fiat currencies, which is possible quickly if only major global countries show interest in cryptocurrency transactions.

Just looking at the wave of cryptocurrency and going with the rate of adoption, where do you all see the future of cryptocurrency in the next 20years or more from now. Are transactions going to be more of in cryptocurrency than fiat in all ramifications of society as it concerns finance?