Bitcoin will become mainsteam and will be widely used along with regular money and maybe if we look further, an improved future version of Bitcoin might be able to become the main payment method.
Topic: What is the Future of Bitcoin ? - page 71. (Read 76869 times)
Definitely bitcoin has a good future. hope for the best.
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Transactions in legal tender do not necessarily require any internet connection. But unlike legal tender, Bitcoin is necessarily associated with the internet. So, even maximum possible transactions in the digital currency are bound to be less than legal tender, at least in foreseeable future. However, as a medium of exchange and fund transfer, Bitcoin enjoys some distinct advantages over fiat money.
Here is an article on the future of bitcoin. Would like to have community feedback on it...
Being able to easily transact without an internet connection is one of the advantages of cash over BTC at the moment, IMO. It is a huge advantage of BTC to be able to make large transaction with BTC without suitcases full of cash though...
What r u talking about ? When u r going for a trekking in a remote zone, there is no internet available, but still u can buy foods against cash. Where is the requirement of internet/telephone/counter here ? This is pure cash advantage ...accept it.
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Transactions in legal tender do not necessarily require any internet connection. But unlike legal tender, Bitcoin is necessarily associated with the internet. So, even maximum possible transactions in the digital currency are bound to be less than legal tender, at least in foreseeable future. However, as a medium of exchange and fund transfer, Bitcoin enjoys some distinct advantages over fiat money.
Here is an article on the future of bitcoin. Would like to have community feedback on it...
Being able to easily transact without an internet connection is one of the advantages of cash over BTC at the moment, IMO. It is a huge advantage of BTC to be able to make large transaction with BTC without suitcases full of cash though...
I say the future for the bitcoins will be at the internet casinos
perfect combination of privacy and efficient bitcoin moving from one pocket to another
perfect combination of privacy and efficient bitcoin moving from one pocket to another
I think it is going to be similar to the childs game pass the parcel.
but the last person holding the parcel is not going to be happy.
but the last person holding the parcel is not going to be happy.
What's the future of anything? I think everything is pure speculation at the minute, but it's exciting to see where it goes. I think it'll be used quite heavily in the remittance market and for other money transferring services etc.
The bitcoin as such might undergo transformations or disappear at all. But the technology, the protocol will be developed.The protocol has already been taken forward by Ethereum. They are trying to develop a distributed DB framework relying on blockchain like confirmation system.
What's the future of anything? I think everything is pure speculation at the minute, but it's exciting to see where it goes. I think it'll be used quite heavily in the remittance market and for other money transferring services etc.
The bitcoin as such might undergo transformations or disappear at all. But the technology, the protocol will be developed.The protocol has already been taken forward by Ethereum. They are trying to develop a distributed DB framework relying on blockchain like confirmation system.
Well history tells us, where we going in future, because history repeats itself.
My prediction - BTC will become the de facto digital currency within 2 years. King of Coins. {Not just on dominance, but retail acceptance, and track record}
But BTC will not stay there for long. Someone will create the perfect coin, for governments to manipulate, and they would find ways to regulate people, to force them to use that.
People have too diverse views on poliitics and other human factors, for them to adopt a single currency world wide.
Until then, we ride the BTC wave, and then climb onto the next wave, whatever that will be. Currency Surfers.
My prediction - BTC will become the de facto digital currency within 2 years. King of Coins. {Not just on dominance, but retail acceptance, and track record}
But BTC will not stay there for long. Someone will create the perfect coin, for governments to manipulate, and they would find ways to regulate people, to force them to use that.
People have too diverse views on poliitics and other human factors, for them to adopt a single currency world wide.
Until then, we ride the BTC wave, and then climb onto the next wave, whatever that will be. Currency Surfers.
What's the future of anything? I think everything is pure speculation at the minute, but it's exciting to see where it goes. I think it'll be used quite heavily in the remittance market and for other money transferring services etc.
The bitcoin as such might undergo transformations or disappear at all. But the technology, the protocol will be developed. future of bitcoin is paying for everything with bitcoins, everyday grocery etc
So, actually this means "trust". That depends on what future are we talking about, maybe in a short-term Bitcoin will be adopted worldwide as an extra form of money that
guarantees lots of payment facilities and prices will go up (for us, the people of this forum that hold current criptos, those are great news).
And maybe in a distant future, Bitcoin will be = 1 million US and cash will be gone...
It might be the other way around - bitcoin will be adopted as you say and a speculative price will go down.... guarantees lots of payment facilities and prices will go up (for us, the people of this forum that hold current criptos, those are great news).
And maybe in a distant future, Bitcoin will be = 1 million US and cash will be gone...
That depends on what future are we talking about, maybe in a short-term Bitcoin will be adopted worldwide as an extra form of money that
guarantees lots of payment facilities and prices will go up (for us, the people of this forum that hold current criptos, those are great news).
And maybe in a distant future, Bitcoin will be = 1 million US and cash will be gone...
guarantees lots of payment facilities and prices will go up (for us, the people of this forum that hold current criptos, those are great news).
And maybe in a distant future, Bitcoin will be = 1 million US and cash will be gone...
Would it be possible to find a way to send bitcoins offline?
In a decentralized, trustless manner? No. That's the job of the blockchain, which requires being online and waiting for 1 or more confirmations.There are all sorts of discussions about how Bitcoin can be used instantly (usually by trusting an intermediary), to make it a little more palatable for in-store use for both parties, but bitcoins are fundamentally online.
Physical bitcoins, like Casascius or printed paper wallets, come close to being offline. But you're still having to trust that the coin/paper is really worth what they're saying it is.
Quote
Transactions in legal tender do not necessarily require any internet connection. But unlike legal tender, Bitcoin is necessarily associated with the internet. So, even maximum possible transactions in the digital currency are bound to be less than legal tender, at least in foreseeable future. However, as a medium of exchange and fund transfer, Bitcoin enjoys some distinct advantages over fiat money.
Here is an article on the future of bitcoin. Would like to have community feedback on it...
Being able to easily transact without an internet connection is one of the advantages of cash over BTC at the moment, IMO. It is a huge advantage of BTC to be able to make large transaction with BTC without suitcases full of cash though...
Agreed.
future of bitcoin is paying for everything with bitcoins, everyday grocery etc
Quote
Transactions in legal tender do not necessarily require any internet connection. But unlike legal tender, Bitcoin is necessarily associated with the internet. So, even maximum possible transactions in the digital currency are bound to be less than legal tender, at least in foreseeable future. However, as a medium of exchange and fund transfer, Bitcoin enjoys some distinct advantages over fiat money.
Here is an article on the future of bitcoin. Would like to have community feedback on it...
Being able to easily transact without an internet connection is one of the advantages of cash over BTC at the moment, IMO. It is a huge advantage of BTC to be able to make large transaction with BTC without suitcases full of cash though...
Would it be possible to find a way to send bitcoins offline?
The wallet making it so that it goes somewhere and is safe from double spend but the transaction won't go further until the person connects it to the internet at some point. But that the program would notify the receiver that the coins have been sent but are currently on hold til the owner connects to a network for the transaction to complete?
Having offchain transactions require a trusted 3rd party who will make sure the double spend wont take place. Though, trusted 3rd party is against the basic philosophy of bitcoin, we are already accepting it in many ways, e.g. web wallet and pool mining. In these cases u r trusting a wallet service provider and pool mining operator. So, in future, it may happen, that to accomplish offchain transaction, we'll accept some trusted 3rd party.
What's the future of anything? I think everything is pure speculation at the minute, but it's exciting to see where it goes. I think it'll be used quite heavily in the remittance market and for other money transferring services etc.
I would totally agree. Only the time will show if bitcoin become a "beauty" or the "beast". But it already made its trace in the internet economy. I personally think it already made money transfers easy and low cost. But important is that it should be somehow regulated and will create a value added for small businesses and national economies.
There are off the chain transactions but I don't know how safe using coins would be offline as double spends would become a big risk I would imagine.
Quote
Transactions in legal tender do not necessarily require any internet connection. But unlike legal tender, Bitcoin is necessarily associated with the internet. So, even maximum possible transactions in the digital currency are bound to be less than legal tender, at least in foreseeable future. However, as a medium of exchange and fund transfer, Bitcoin enjoys some distinct advantages over fiat money.
Here is an article on the future of bitcoin. Would like to have community feedback on it...
Being able to easily transact without an internet connection is one of the advantages of cash over BTC at the moment, IMO. It is a huge advantage of BTC to be able to make large transaction with BTC without suitcases full of cash though...
Would it be possible to find a way to send bitcoins offline?
The wallet making it so that it goes somewhere and is safe from double spend but the transaction won't go further until the person connects it to the internet at some point. But that the program would notify the receiver that the coins have been sent but are currently on hold til the owner connects to a network for the transaction to complete?
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