Topic: What is the future of bitcoin and other virtual currencies? - page 2. (Read 269 times)

I dont think it has any chance if it will be accepted by worldwide currency, but apart from that it has bright future.

Digitization is a trend in the future, but digitization does not represent a solution to Bitcoin. Governments are more likely to set a centralized digital currency scheme under the direction of the central bank, using technology as a tool to transform existing currencies rather than accepting an unsupervised currency. This global currency means that countries should abandon monetary sovereignty and lose part of their ability to regulate the economy. They should learn from the crisis of the Euro and the European debt crisis and give up monetary sovereignty is hard to accept for the big powers. In fact, Bitcoin could die before dawn if there is a day when the world uses the same kind of digital currency.

First of all, bitcoin is just a derivative of blockchain technology and, more importantly, blockchain technology and distributed billing, a global engagement that does not require the involvement of central authorities. This is too important to know that the biggest difference between humans and animals is that the decisive reason why humans can defeat other animals to dominate the earth is not that they are smarter than other animals. The second is that the population knows that "cooperative work" can only be enhanced by effective collaborative work Productivity, building a modern social system. However, prior to the collaborative process there are a large number of intermediate agencies, such as the central bank, banks, large international companies, why? Because of the lack of trust in the natural existence of people, a lot of business can not be done without the authority of a third-party agency, for example, remittances must go through banks. However, the entire infrastructure of a bank is very old and can not meet the financial needs of all human beings in the world. At least 2 billion people do not have access to banking services because these small client banks find it unprofitable and unprofitable Figure, because the cost of the bank to maintain the background is too expensive. But the advent of a blockchain will likely break this situation and allow people around the world to work together without knowing each other because the blockchain is characterized by traceability, tampering, timestamping and joint maintenance The same interest. This will eliminate the need for banks as intermediaries to make large profits in the middle and own our data. Therefore, blockchain technology is a technology that can reshape the entire modern Internet system. It is a revolutionary technology because she will reshape the social structure of the entire human race. Of course, the impact she brings is also great, especially for many vested interest groups. Therefore, the impetus in each country depends on each country's government and society's acceptance of this issue, especially the people, because this can already be elevated to a philosophical point of view.

Digital currency must be the future trend, which is an interstellar currency, is the future-oriented currency. The reason why many people do not understand it is because we have not moved from interstellar civilization to interstellar civilization. I doubt very much that some of those who question Bitcoin as a scam have carefully read the white paper (even if they do not understand it) and are hardworking about bitcoin. There is no need to discuss advanced mathematics with the primitives. When humans have established colonial power among the various planets, have you let them use the dollar / euro / earth currency? Different planets have different elements of resources, what things to use as a general equivalent? Who will be the central bank between the planets? anyway. Bitcoin is a digital currency, but can existing Bitcoin be the digital currency in the above text? At present, it is not possible to do so. In particular, nowadays all kinds of fragmented bifurcation and interest group games make me feel very sleepy. In addition, the restrictions on the total volume do not accord with the laws of human nature and economic development. Some legal coins are indeed too bottomless, but is the deflationary currency really good? This is bitcoin attractive place, but it will also be his flawed. When discussing digital currencies, we need "generic equivalents," not collectibles. At present, different countries have different attitudes toward digital currencies and are mainly determined by their national conditions. Countries that support or allow digital currencies are mostly countries that freely convert their capital into and out of circulation, such as Japan. Most countries that restrict or even oppose Bitcoins have foreign exchange controls, and capital can not freely circulate. The bitcoin is simply outdated. Originally, the best regulatory approach is to kill the private digital currency exchange, engage in ZF Direct, or require all private exchanges have access to ZF platform. Put a thing that has been decentralized into a centralized one. Then full real name certification, financial supervision. Just like the Shanghai Stock Exchange, like the Shenzhen Stock Exchange, so afraid of what extrajudicial. But now look, that is, just think about it.

as virtual or digital currency, bitcoin and other cryptos can become international currency in future, why not? as we know bitcoin is decentralized digital currency, as the system works without a central bank or single administrator, and this system makes bitcoin keep running as long as there is one person using it. but it still have so many problems that make some countries ban it and if it fixed all the problems that prevent it from functioning as money i guess bitcoin will become number one currency for a whole world.

I think it is all of the above, what you mentioned. Crypto should lead to the better society, not more anarchy.
At the same time, crypto still provides a chance to be private, should you wish to do so

I wonder what is the future of bitcoin and other virtual currencies?Daily consumer payment to replace credit card? Replace international cash payment? Replace short-term bank deposits? The future of bitcoin and other virtual currencies is to choose low cost, privacy or decentralization? When a dispute arises, is the Bitcoin service provider protecting the seller or the buyer?