What's next for bitcoin ? - page 2. | Bitcointalksearch.org

buwaytress

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Quote from: wingfield_crypto on October 06, 2019, 05:30:51 AM

Bitcoin is not controlled by anyone. He is not a company to do charitable actions that will improve his reputation. It uses a decentralized network, it is not a company. Also, Bitcoin cannot be sanctioned, precisely because it is not controlled by anyone.
What's next for Bitcoin? A stagnation of about 2-3 years at this price and then a historical boom.

Maybe not controlled by any individuals, and not ultimately under the decision of single big entities, but Bitcoin is somehow still under the sway of several big entities. Since I've come to know it, this decentralisation aspect has been improving by leaps and bounds, to be sure. But the fact that certain parties have tried to influence its directions, (though failed), the fact they thought it was possible said something about the state of Bitcoin then.

What's next? Period of low hype. Quiet adoption.

serjent05

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Quote from: Wexnident on October 04, 2019, 04:59:50 AM

Quote from: Wysi on October 04, 2019, 04:06:01 AM

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?

Bitcoin isn't controlled by anyone so a plan to donate would need to be talked about by the community and only those who agree could join the said charity donation. I don't expect the majority to partake in that kind of session though. The community doesn't need to partake in charity to become famous since it's basically just a matter of time. And bitcoin won't be the one featured, it would most likely be the user who donated, or could be labeled as an anonymous donator.

There is always a good samaritan in every organization or industry. I am sure there are already community that had been doing this kind of good deeds. You can check this list of Bitcoin charity

http://bitcoinforcharity.com/bitcoin-charity-list/

Quote from: LogitechMouse on October 06, 2019, 06:29:40 AM

The adoption rate of cryptocurrencies will increase in the next years.
More and more establishments will accept not just Bitcoin but other cryptos.

True, I can see exponential growth of Bitcoin community in the coming years.

LogitechMouse

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The adoption rate of cryptocurrencies will increase in the next years.
More and more establishments will accept not just Bitcoin but other cryptos.

These are some of the things that will happen for Bitcoin in the future. I know there are some but there is a possibility that it will not happen. I believe that those two will happen every year. Many are saying that Bitcoin will rise in the next year but there is still a possibility that it will not happen

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wingfield_crypto

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Quote from: Wysi on October 04, 2019, 04:06:01 AM

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?

Bitcoin is not controlled by anyone. He is not a company to do charitable actions that will improve his reputation. It uses a decentralized network, it is not a company. Also, Bitcoin cannot be sanctioned, precisely because it is not controlled by anyone.
What's next for Bitcoin? A stagnation of about 2-3 years at this price and then a historical boom.

GreatArkansas

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Quote from: Wysi on October 04, 2019, 04:06:01 AM

(..)
Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?

This is one of the reasons why Bitcoin is the best. You shoudn't ask about this question because Bitcoin community itself has nothing to do or has, that's why bitcoin is DECENTRALIZED, no one decides what the community will do on Bitcoin.
If there are people or group of people don't want Bitcoin, then so be it, Bitcoin will stay and it will continue to be recognized, especially also there are lot of problems nowadays in humanity that Bitcoin can solve.

Naughty Princess

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Quote from: Upgate on October 04, 2019, 01:49:48 PM

Bitcoin is not a person or is bitcoin a government nor is bitcoin a house of cabals. So in a funny way bitcoin can not send bitcoin to help with hazard or natural disasters. If an individual that has good will to send money for aid then also can bitcoin be sent to relief people

It just that bitcoin is not yet recognize by the government and there is no one donating bitcoin because they see the potential of it of growing as an asset rather than a currency. I am looking on how long it takes before it can be use as real currency though price fluctuates time to time unlike any other currencies. Maybe in the future people can see it as real money.

Zeke_23

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Quote from: dothebeats on October 06, 2019, 03:16:38 AM

Quote from: Wysi on October 04, 2019, 04:06:01 AM

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?

This would never happen. Bitcoin is more of a trading asset/currency rather than a humanitarian tool to help better the world. I mean, wealthy individuals can still donate to these causes using bitcoin, but ultimately it will end up being exchanged to fiat (and cause a small dump, should OTC trading didn't take place) in order to buy things that are needed to rebuild and repair whatever that needs repairing. It's a good thought of donating to something that's actually gonna help everyone in this world, but we all know that charities would rather receive donations in kind or in cash as they would be needing a lot of liquidity to get faster resources and supplies.

It is impossible to happen. And how can we help a disaster if it is being caused by the government itself. Bitcoin community doesn't need to make a name by acting as a hero, by showing the public that we can contribute to them by helping who's in need. For the meantime, we just need to wait for the time to come when everyone will finally acknowledge the existence of bitcoin.

bamboylee

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Quote from: Wysi on October 04, 2019, 04:06:01 AM

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?

This can only happen if bitcoin is a centralized entity and a part of tx fees can be allocated to some charities. But it is not. Even if rich bitcoin users donate to charity using bitcoin, the merit will not go to bitcoin but to the person who donated.

dothebeats

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Quote from: Wysi on October 04, 2019, 04:06:01 AM

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?

This would never happen. Bitcoin is more of a trading asset/currency rather than a humanitarian tool to help better the world. I mean, wealthy individuals can still donate to these causes using bitcoin, but ultimately it will end up being exchanged to fiat (and cause a small dump, should OTC trading didn't take place) in order to buy things that are needed to rebuild and repair whatever that needs repairing. It's a good thought of donating to something that's actually gonna help everyone in this world, but we all know that charities would rather receive donations in kind or in cash as they would be needing a lot of liquidity to get faster resources and supplies.

shoreno

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Quote from: Eclipse26 on October 05, 2019, 08:32:41 PM

There's already charities that accepts bitcoin for donation.

there are ? good . in that way bitcoin users wont get shy to donate some of thier coins in an anonymous way because btc dontations means we can give any amount that we can afford but even before that no charities are accepting btc , some btc related institutions and communities that i see , were already converting thier btc's to fiats and other acceptable payment method just to donate for the beneficiary or charity of thier choice . i know because im a member of thier site and they did posted some proof's

Eclipse26

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There's already charities that accepts bitcoin for donation. About the donation for the environment, it's good that some big bitcoin holder can donate and help to sustain the environment. It's actually one of the main issue the world is facing right now. As for the donation, it's easy to donate but the thing is if organizations would accept bitcoin or other cryptocurrency when accepting donation.

It's not bitcoin who can do something good, it's the people. Why not make organization in bitcoin community that focuses on helping the environment that would also look for sponsors that are willing to donate

Lalafell

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Quote from: Wysi on October 04, 2019, 04:06:01 AM

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?

All need is some group people who are physically approach some of these organizations and introduce the concept of cryptocurrency to them, if we can get some organizations to adapt cryptocurrency and start accepting it as payment, then it will go a long way. The entire bitcoin community needs to focus on how we can help make Bitcoin recognized by people to use it as a payment option for all kinda transactions both online and offline.

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Alexandr Kirichenko

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Donations alone won't solve anything. They will not increase the reputation of bitcoin, they will only increase the reputation of the one who donates. After all, for many funds now it is not important what to accept as donations, they also work with cryptocurrency. But apply the technology and solve any global issues, it would strengthen the position of bitcoin.

Youghoor

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Quote from: Wysi on October 04, 2019, 04:06:01 AM

Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?

Yes, the entire bitcoin community needs to focus on how we can help make Bitcoin recognized by people to use it as a payment option for all kinda transactions both online and offline. Adoption of Bitcoin into the mainstream financial space is the next step for Bitcoin. Mass adoption is the solution to most of Bitcoin's challenges.

jostorres

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Bitcoin is not an organization, it is a currency and I don’t think that donation or some of the things that is being mentioned here is what will really get people to start using cryptocurrency. Yes, it will create awareness, but it is not enough to really persuade them to take action as to receive or give it out as payment.

What we need is some group of high tech people to physically approach some of these organizations and introduce the concept of cryptocurrency to them, if we can get some organizations to adopt cryptocurrency like amazon and start accepting it as payment, then it will go a long way. The first step is for us to have thousands of merchants that will know about bitcoin, if merchants are ready, then getting people to use it to pay would not be a problem, but if people are willing to use it as payment and yet still does not have where to spend it, that will be a problem.

dnprock

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The next thing for Bitcoin is to become what it was set out originally: a p2p electronic cash system. Bitcoin has turned into digital gold instead of digital cash. I think Satoshi made a mistake when he/she/they designed the reward system to have limited supply. People blindly worship this feature.

Changing Bitcoin is impossible. There is a market for digital gold. BCH was an attempt but it too failed because it also has the limited supply feature. We should start to think about how to make digital cash. My proposal is to add a fairly high inflation rate into the reward system. I outline the problem in this article.

https://bitflate.org/post/2019/08/26/bitcoin-missing-link-to-the-world.html

adzino

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Quote from: Wysi on October 04, 2019, 04:06:01 AM

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?

You are talking as if "bitcoin" is a person. Can earn reputation by donating for environmental cause? Don't you think bitcoin already has enough reputation that most of the people through out the world already know what bitcoin is. I don't see how this is going to help. Pledge? How would pledging to help create Amazon rain forest create more bitcoin sympathizers? And we don't need any sympathizers.
Anyways, as soon as you donate it to them (assuming they will accept bitcoin donation) they will convert it into fiat currency. Now this is something we don't want.

malikusama

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Quote from: Wysi on October 04, 2019, 04:06:01 AM

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?

I don't understand exactly what you are trying to say?
Do you want community to start any charity or some social work? That seriously makes no sense at all.
Donating to get reputation is stupid, and bitcoin community don't need it.

pereira4

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Quote from: Kakmakr on October 04, 2019, 06:01:49 AM

Why does a currency need to prove it self? Did PayPal ask the world if they can solve the global warming problems or if they could cure hunger? People look at the use case for a currency and they apply it to improve on the previous option that they had and that is where Bitcoin comes in.

Bitcoin is not centralized, so political agendas cannot interfere with the payment process and it is pseud anonymous to protect the owners financial data. Bitcoin is also border less, so you can send bitcoins to anyone, anywhere in the world. People will look at that are use that in their own circumstances and that is how it solves problems and challenges. Wink

Totally different beasts. Paypal is a centralized payment processor for fiats alike. Bitcoin's use case is extremely niche for the common average joe, that is why I think it will never be mainstream, or at least not as a regular means of payment. As long as you require technical expertise to secure Bitcoins, and this is a fundamental premise, then it cannot be mainstream by definition. For other reasons as well such as any business that's legal needs to go through KYC and regulations so people would rather get paid in fiat.
If a country is developed then its citizens aren't going to flock to BTC.

The main point is that BTC does not need to be mainstream to be worth millions of $, this is something that a lot of people seem to miss.

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