Topic: What will Bitcoin look like in the future? - page 7. (Read 1222 times)
The government is trying its best to control the bitcoins. They are forcing people to use the centralized exchanges so that they can keep track of how many Bitcoins a user is selling and how much he is withdrawing. Next, it will impose tax based on the winnings. So yes, in the future, if this goes on, then I highly doubt that the popularity of the coin will increase. People get into Bitcoins due to the decentralized nature of it. But now the government is trying hard to either make it illegal or impose a huge tax on it. Due to the decentralized exchanges and P2P platforms, Bitcoins are still heaven for many investors and traders.
What is the future of Bitcoin?
We know where it was in 2009, where it is now (2024), but where is it going?
Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please
The future of bitcoin is that those who initially reject it will sooner or later or eventually adopt it too. There will be more countries like El Salvador that will legalize Bitcoin as legal tender in the future. Even though it may not be like fiat money, everyone will realize that this is like gold which is also sometimes used for transactions in the real world. Government interference can never be avoided. Because regulations regarding everything related to crypto have now begun to be created in all countries. It's just that they won't be able to have control like they control fiat. And bitcoin will remain a freedom for its holders. We know where it was in 2009, where it is now (2024), but where is it going?
Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please
Government can only regulate centralized exchanges and not bitcoin. This is because bitcoin is censorship resistance due to its decentralized nature, and nobody can control bitcoin core protocols. So if you have your bitcoin in your noncustodial wallet, just keep hodling because it is giving you financial freedom using it in a decentralized way.
It is only altcoins that can be regulated and controlled by the government if they want. With bitcoin, you are free and using it as a store of value/investment over a long time will give you more freedom from inflation.
It is only altcoins that can be regulated and controlled by the government if they want. With bitcoin, you are free and using it as a store of value/investment over a long time will give you more freedom from inflation.
You couldn't be more wrong.
Here is a lecture for you:
https://thebitcoinmanual.com/articles/bitcoins-battle-with-ofac-compliance/
Due to transparent nature of Bitcoin, big miners can be forced to use black list and remove certain coins from transacting.
And even if your black listed coins find their way into the block, they are easily traced and movement alone can mean jail for you.
As for the question, what it will look like - it will look the same as today but more expensive and more censored.
Will it be regulated and become government controlled?
From the projections and the way that bitcoin is moving, you do not need anyone to tell you that since the government have already picked up an interesting in it, there is no way that the future of bitcoin will exist without any form of regulations. Acceptance will increase, adoption will also increase, same with regulations, and to what extent, we can only guess.
I speculate almost all Bitcoin will be controlled by government, this is because most holders choose to hold in centralized exchanges or trusting their money to land based company (ETFs). Any coins that hand in centralized exchanges and ETFs companies can cooperate with the government, the government can confiscate the coins just like Executive Order 6102 where the government force people to send their gold.
Currently Bitcoin has been regulated, the government make the regulations tighter and tighter every year.
Currently Bitcoin has been regulated, the government make the regulations tighter and tighter every year.
Yes I concur to this your speculation because many holder or investment has their investment trusted in centralized exchange, secondly many government will focus more on how to control and regulate Bitcoin or crypto to avoid any thing that will bring count down on their fiat, currently I will site example of some of the third world countries like Nigeria is kicking on how to regulate the Bitcoin or crypto currency exchange , it may apply to other nations but I don't think if all of it will have it head because Bitcoin is not built for centralized exchange only those that chooses it that store their currency their many will still like the self custodian wallet which will make most if their regulations not achievable easily.
I believe regulations will become even stricter both for businesses and individuals owning and trading bitcoin. As long as we have non-custodial wallets, we don't have to be their subjects, but those bastards will find ways to limit that side of the industry. Bogus charges against developers is one way to threaten them. I wonder how long until we start hearing about cases where developers are charged by random women for sexual abuse.
I speculate almost all Bitcoin will be controlled by government, this is because most holders choose to hold in centralized exchanges or trusting their money to land based company (ETFs).
When it comes to centralized exchanges, their positions keep decreasing as time goes by. That's a positive thing because it means there are less coins that might get hacked and cause a big downtrend as a result. You are right that ETFs have seed huge inflows of money recently. In fact, the money coming in every day is much more than what miners can theoretically mine in the same period.
The future of Bitcoin likely includes increased adoption as a legitimate payment method and digital gold-like store of value, alongside more governmental regulation to address legal concerns
Bitcoin in the future will not make people free as imagined, it is only enhanced security and privacy on people's transactions and makes people freer to manage their assets without intervention. And whether it is regulated or controlled by the government, I think that bitcoin will be increasingly regulated by the government and it may limit the function of bitcoin only as a trading instrument, not free to be used for payments like people use fiat. But even if it is regulated, it does not reach the point where the government controls it like they can control fiat.
That's just my picture, maybe it will be different, but I believe that bitcoin is heading there.
That's just my picture, maybe it will be different, but I believe that bitcoin is heading there.
What is the future of Bitcoin?
The future lies on the past, present and the same expected future in bitcoin under a decentralized digital network, in serving as an alternative means for financial economy currency, which is more cheaper, easier and faster for everyone to use without going through any regulated body.
We know where it was in 2009, where it is now (2024), but where is it going?
To another new all time high after this post halving experience, get ready on the next move.
Will it make everyone free?
Bitcoin is decentralized, so by that alone people are free in using it with having to go through any regulated institution or government authorization.
Will it be regulated and become government controlled?
No
What is the future of Bitcoin?
We know where it was in 2009, where it is now (2024), but where is it going?
Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please
We know where it was in 2009, where it is now (2024), but where is it going?
Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please
Definitely an asset, accepted by more countries and trading above 100k for sure..
I speculate almost all Bitcoin will be controlled by government, this is because most holders choose to hold in centralized exchanges or trusting their money to land based company (ETFs). Any coins that hand in centralized exchanges and ETFs companies can cooperate with the government, the government can confiscate the coins just like Executive Order 6102 where the government force people to send their gold.
Currently Bitcoin has been regulated, the government make the regulations tighter and tighter every year.
Currently Bitcoin has been regulated, the government make the regulations tighter and tighter every year.
It will be an asset to back up the economy... just like gold.
Most countries will have bitcoin in their banks to back up their economy, and while more govs want it, then it will cost more. Just remember Satoshi words, he said how bitcoin value in the future would be a lot or zero, and we only have those two options. And from how things look now, the value can only go one way.
Most countries will have bitcoin in their banks to back up their economy, and while more govs want it, then it will cost more. Just remember Satoshi words, he said how bitcoin value in the future would be a lot or zero, and we only have those two options. And from how things look now, the value can only go one way.
I think Bitcoin is moving more and more into the areas of financial assets, and it's getting regulated as such in different countries. That means that Bitcoin is perceived not as a currency, but as something you can own and then sell for profit. This sentiment is common on the forum, and it's of course, attractive to tax authorities because assets are taxed, while currencies are not (income received in currencies is taxed, but the currency itself isn't).
I hope that there will be some solutions to the issue of transaction fee spikes, and that non-custodial wallets will remain legal.
I hope that there will be some solutions to the issue of transaction fee spikes, and that non-custodial wallets will remain legal.
What is the future of Bitcoin?
We know where it was in 2009, where it is now (2024), but where is it going?
Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please
for 15 years of bitcoin existence it has been a big help for many people , from those who trust and support this like me and my family and friends We know where it was in 2009, where it is now (2024), but where is it going?
Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please
so with all of those? personally? i really don't care what will bitcoin looks in the future because what I wanna enjoy is what I am having now and in the coming years.
if this will continue to progress for my second and third generation then that is something very best but what I have gained and gather from those years of being here? i believe it is something i must be thankful for bitcoin and its creator.
What is the future of Bitcoin?
We know where it was in 2009, where it is now (2024), but where is it going?
Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please
Government can only regulate centralized exchanges and not bitcoin. This is because bitcoin is censorship resistance due to its decentralized nature, and nobody can control bitcoin core protocols. So if you have your bitcoin in your noncustodial wallet, just keep hodling because it is giving you financial freedom using it in a decentralized way.We know where it was in 2009, where it is now (2024), but where is it going?
Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please
It is only altcoins that can be regulated and controlled by the government if they want. With bitcoin, you are free and using it as a store of value/investment over a long time will give you more freedom from inflation.
What is the future of Bitcoin?
We know where it was in 2009, where it is now (2024), but where is it going?
Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please
We know where it was in 2009, where it is now (2024), but where is it going?
Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please
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