you can't trade with a 10 minute confirmation transaction.
and that, it's very good for people.
and that, it's very good for people.
Eh? What do you mean by that?
Topic: What is the Future of Bitcoin ? - page 72. (Read 76874 times)
Eh? What do you mean by that?
you can't trade with a 10 minute confirmation transaction.
and that, it's very good for people.
and that, it's very good for people.
I don't see Bitcoin replacing fiat entirely, least not in this form and not for a very long time. However it is a rather effective tool for trade, and transmitting monetary value. If only it were more widely accepted. Time will tell.
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.
It's the future of money... or maybe not. Only time will tell i guess.
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...
I absolutely second that...
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...
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