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Topic: What's the future of digital currencies? (Read 459 times)

sr. member
Activity: 1428
Merit: 344
January 12, 2023, 01:28:11 AM
#50
I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.
Many things are going digital already, and it is slowly becoming a preference for people when options are presented.  This is an indication and sign that the future of digital currencies is good and will be much bigger than it is now. Digital currencies came just at the right time just at the birth of the advancement in technology to the digital environment, so as technology in the digital sector advances more, digital currencies will grow and have more uses and will be better accepted.
hero member
Activity: 2072
Merit: 656
PredX - AI-Powered Prediction Market
January 11, 2023, 06:54:35 PM
#49
I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.
Technological evolution will continue to grow. But cryptocurrencies, especially Bitcoin, have their own special place because of the various benefits they get. Bitcoin is becoming a product of technological developments that is increasingly accepted in the world and has gone through a lot over the years.

Even though one day there might be a technological evolution that might be more sophisticated, however, it's not certain that the essence, benefits, and usage can be like or more than Bitcoin. So it's better to focus on this more certain thing first. But that doesn't mean we close ourselves to other technologies. Because after all, we can see the pluses and minuses and how to use them. After all, the cryptocurrency world is always evolving too, right?
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
January 11, 2023, 02:23:24 PM
#48
Even if these negative events stop, no revolutionary projects are likely to emerge. Let us remember the history of cryptocurrency creation, not from the launch of the first blockchain, but from the inception of the idea itself.  Almost half a century passed between the first thoughts and the first product, technological projects like cryptocurrencies are born for a very long time, decades. And it will take another decade before this technology is fully adopted around the world and available to everyone.

Exactly. It's going to be a long time before we see any major breakthrough in technology that will "blow" crypto/Blockchain tech out of the sky. The pandemic (and now the Russo-Ukraine war) have set us back for a few years. Progress cannot be achieved quickly as it used back then. What the future holds for our society, is a mystery. But I'm pretty sure crypto will be replaced by a better technology in the distant future. Neither you or I will be alive by the time that happens, but probably our grandchildren will.

Let us enjoy what we have now, while it lasts. As long as we're able to enjoy the benefits of decentralization, there should be nothing to worry about. Just my thoughts Grin
newbie
Activity: 7
Merit: 0
January 11, 2023, 02:10:09 AM
#47
I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.

I'd love to learn more about cool projects and concepts that could be the evolution of blockchain (again, not altcoins please  Wink)
The future of digital currency must be bright. Bitcoin was born in the economic crisis, so the future of digital currency is a world currency that maintains the stability of economic order. Of course, this will also be a long process, from the initial virtual economic bubble and Ponzi scheme to gradually more and more users participating and using it. Then many countries and governments can also accept digital currency, show a more friendly attitude towards Bitcoin, and even use it as legal tender. In the future, digital currency will be accepted by more countries, and of course it will be more strictly regulated. Ultimately the future belongs to digital currencies.
hero member
Activity: 1414
Merit: 504
January 10, 2023, 02:52:03 PM
#46
I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.

I'd love to learn more about cool projects and concepts that could be the evolution of blockchain (again, not altcoins please  Wink)
It is unlikely that there will ever be a real breakthrough that promises a new blockchain and cryptocurrency that can be similar to or even surpass Bitcoin.
However Bitcoin will remain the number 1 cryptocurrency in the world and become the head of all crypto digital currencies.
We can see as an example with ETH being one of the most popular cryptos and having a good blockchain behind it still can't match or surpass Bitcoin.
I think the idea you said will never materialize or even be impossible to achieve.
staff
Activity: 2436
Merit: 2347
January 10, 2023, 09:47:26 AM
#45
Cryptocurrency technology hasn't even reached 10% of its potential in the global community, and you're already thinking about something new and breakthrough. It's like buying a new phone and dreaming the next day about an even newer phone before you've even tried it. The only breakthrough, in quotes, is CBDC, which wants to completely centralize digital payments and kill cryptocurrencies with their complete substitution. Is that the kind of breakthrough technology you're waiting for? Wink

That's certainly true, mate. Crypto/Blockchain tech is just getting started, so it's going to take quite some time before something new and revolutionary replaces it completely. I still think Quantum Computers will improve the performance and cost-efficiency of existing blockchain networks. But it would be just an improvement to an existing tech. Nothing completely new from scratch that will blow your mind.

The world is struggling to recover from the negative effects of the COVID-19 pandemic and the Russo-Ukraine war, so we can't expect any advancements in technology until the tide is over. Who knows what the future holds for crypto/Blockchain tech? Just my opinion Smiley

Even if these negative events stop, no revolutionary projects are likely to emerge. Let us remember the history of cryptocurrency creation, not from the launch of the first blockchain, but from the inception of the idea itself.  Almost half a century passed between the first thoughts and the first product, technological projects like cryptocurrencies are born for a very long time, decades. And it will take another decade before this technology is fully adopted around the world and available to everyone.
newbie
Activity: 29
Merit: 0
January 10, 2023, 02:51:23 AM
#44
The innovation of future technology will definitely provide the foundation for the development of digital currency. It can be said that Bitcoin is a successful digital currency. However, there are many "scams" in the encrypted market, which consume people's patience again and again, and many people leave the encrypted currency market. Many countries have now begun to try to develop and use digital currencies.
legendary
Activity: 2338
Merit: 1124
January 09, 2023, 01:31:22 PM
#43
Cryptocurrency technology hasn't even reached 10% of its potential in the global community, and you're already thinking about something new and breakthrough. It's like buying a new phone and dreaming the next day about an even newer phone before you've even tried it. The only breakthrough, in quotes, is CBDC, which wants to completely centralize digital payments and kill cryptocurrencies with their complete substitution. Is that the kind of breakthrough technology you're waiting for? Wink
That's certainly true, mate. Crypto/Blockchain tech is just getting started, so it's going to take quite some time before something new and revolutionary replaces it completely. I still think Quantum Computers will improve the performance and cost-efficiency of existing blockchain networks. But it would be just an improvement to an existing tech. Nothing completely new from scratch that will blow your mind.

The world is struggling to recover from the negative effects of the COVID-19 pandemic and the Russo-Ukraine war, so we can't expect any advancements in technology until the tide is over. Who knows what the future holds for crypto/Blockchain tech? Just my opinion Smiley
I think it will take time but it will happen, and that's the scary thing about crypto, in fact the only thing that I worry about. Bitcoin and crypto could be new, but when the time comes, maybe in 10 years, maybe in 50 years, but when the time comes something will replace it.

If we trust all of our investments into crypto then when that happens and something better comes out, then we are going to end up with a limited amount of chance to survive in the crypto market. Many people will leave this market and go to that new market and that will crash the prices which would be hard. So all in all, it's better to follow the market movements and where people move to.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
January 09, 2023, 07:10:19 AM
#42
Cryptocurrency technology hasn't even reached 10% of its potential in the global community, and you're already thinking about something new and breakthrough. It's like buying a new phone and dreaming the next day about an even newer phone before you've even tried it. The only breakthrough, in quotes, is CBDC, which wants to completely centralize digital payments and kill cryptocurrencies with their complete substitution. Is that the kind of breakthrough technology you're waiting for? Wink

That's certainly true, mate. Crypto/Blockchain tech is just getting started, so it's going to take quite some time before something new and revolutionary replaces it completely. I still think Quantum Computers will improve the performance and cost-efficiency of existing blockchain networks. But it would be just an improvement to an existing tech. Nothing completely new from scratch that will blow your mind.

The world is struggling to recover from the negative effects of the COVID-19 pandemic and the Russo-Ukraine war, so we can't expect any advancements in technology until the tide is over. Who knows what the future holds for crypto/Blockchain tech? Just my opinion Smiley
staff
Activity: 2436
Merit: 2347
January 08, 2023, 03:47:24 PM
#41
Digital currencies have gone down a lot in a span of few days. Between 2020 and 2021, the market for digital currencies was also very good. But since 2022, the market of digital currencies has been going down continuously. Every investor has suffered huge losses by investing in digital currencies. However, many have analyzed the market and by analyzing the market they have said that the market of digital currencies will be strengthened a lot from the end of 2023 to the middle of 2024. If their figures are true, I think digital currencies will be in a much better position in the coming years. To those who invested in digital currencies, I would like to say that if you wait until 2024, maybe something good is waiting for you.

They have fallen in price over the last year, nothing serious happened in the last few days. The bear market is doing its job, who will survive this period, will get good profits in the future, and who will not, will count losses and catch FOMO. Now a lot of people are saying that everything will start to rise soon and I don't like it very much, because the market very often likes to move against the expectations of the majority.
full member
Activity: 1064
Merit: 101
January 08, 2023, 03:19:53 PM
#40
We are still early to say things that will happen ahead of us because honestly, we are still in the early stage and there are more updates and developments to come in the future. Also, don't forget the vast lists of countries and big companies that will gonna adopt and implement cryptocurrency in their business and economy. Therefore, if you are hesitant to invest in any of those coins, it's better to wait until things will be cleared and only legit coins will remain because as we come to the future, they will keep updating their regulations until no scammers will remain in this industry.
We are getting benefits from crypto currency and I think we have passed many years to analysis about it. It is true that many countries and companies are accepting Bitcoin and other crypto currency. If we wait some more years, will it be possible for us to buy crypto at low price? I think it is time to analyze more and buy potential crypto.
when talking about crypto currency prices, of course the future is still very bright,
especially now that crypto currency prices can be said to be very cheap and it is still very easy to experience up trends again,
many countries have also made rules regarding crypto currency, so I Market sense will be healthier and blockchain technology will also develop in the future,
so don't worry and keep investing.
sr. member
Activity: 1596
Merit: 264
January 08, 2023, 01:36:12 PM
#39
~
I think people are having misconception between being adopted by the public and being just something mainstream in the news. When we're talking about public awareness, surely many had already heard about crypto but surely also many had not planned to adopt it just yet and yeah I believe that 10% that you mentioned.
I barely even heard any adoption here in my area, just a general knowledge. Maybe?

Maybe due to NFT craze back then people have been somehow aware of it.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
January 08, 2023, 01:35:09 PM
#38
There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.
There is nothing like this yet. Bitcoin is still reference in the universe of decentralized finances and it seems it will remain like this for a long time yet, besides being the basic layer for any other projects' concepts to start being imagined and developed. Even the altcoins chains you don't want people to mention had their original source on bitcoin. So it's impossible to talk about the future of digital currencies without mentioning, thinking or using bitcoin as reference. Maybe in some decades from now we will heard about something really new. Until there bitcoin does all the job. Cheesy
full member
Activity: 2128
Merit: 180
January 08, 2023, 10:23:32 AM
#37
We are still early to say things that will happen ahead of us because honestly, we are still in the early stage and there are more updates and developments to come in the future. Also, don't forget the vast lists of countries and big companies that will gonna adopt and implement cryptocurrency in their business and economy. Therefore, if you are hesitant to invest in any of those coins, it's better to wait until things will be cleared and only legit coins will remain because as we come to the future, they will keep updating their regulations until no scammers will remain in this industry.
We are getting benefits from crypto currency and I think we have passed many years to analysis about it. It is true that many countries and companies are accepting Bitcoin and other crypto currency. If we wait some more years, will it be possible for us to buy crypto at low price? I think it is time to analyze more and buy potential crypto.
We might be able to buy at a cheaper price if there's a bear market, the only difference is the price level. Also, crypto might only crash that much if there's a new technology or currency that will be introduced in the market, this might be a big threat for Bitcoin but its hard to know if this is possible to happen or we will stick with the fiat currency and cryptocurrency. Bitcoin is still the king, the market depends on its trend its hard to break it because the future is still good for Bitcoin.
sr. member
Activity: 1750
Merit: 267
January 08, 2023, 08:21:48 AM
#36
We are still early to say things that will happen ahead of us because honestly, we are still in the early stage and there are more updates and developments to come in the future. Also, don't forget the vast lists of countries and big companies that will gonna adopt and implement cryptocurrency in their business and economy. Therefore, if you are hesitant to invest in any of those coins, it's better to wait until things will be cleared and only legit coins will remain because as we come to the future, they will keep updating their regulations until no scammers will remain in this industry.
We are getting benefits from crypto currency and I think we have passed many years to analysis about it. It is true that many countries and companies are accepting Bitcoin and other crypto currency. If we wait some more years, will it be possible for us to buy crypto at low price? I think it is time to analyze more and buy potential crypto.
hero member
Activity: 2184
Merit: 585
You own the pen
January 08, 2023, 08:04:33 AM
#35
We are still early to say things that will happen ahead of us because honestly, we are still in the early stage and there are more updates and developments to come in the future. Also, don't forget the vast lists of countries and big companies that will gonna adopt and implement cryptocurrency in their business and economy. Therefore, if you are hesitant to invest in any of those coins, it's better to wait until things will be cleared and only legit coins will remain because as we come to the future, they will keep updating their regulations until no scammers will remain in this industry.
hero member
Activity: 2912
Merit: 556
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January 08, 2023, 06:36:30 AM
#34
I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.

I'd love to learn more about cool projects and concepts that could be the evolution of blockchain (again, not altcoins please  Wink)

Bitcoin will still remain on the top of the foodchain, even though there is no improvement as compare to altcoins project, it is the prime mover so that will remain.

The market has been saturated already, not sure if there is some projects that will come up in the future that will disrupt crypto market again. And those that is coming up is pure hype as they could simply die in the next bear market. So not sure what blockchain idea you are looking for that is not "altcoin related".
I agree bitcoin will stay on top to lead other coins because bitcoin is first. Unless, sometime in the future, there is a different technology that can provide more impact than bitcoin, the current situation is bound to change. But bitcoin will continue to lead cryptos, and even though the market is saturated right now, people who believe in bitcoin will continue to buy and collect more. They want a lot of profit from investing in bitcoins, and now they are still trying to own more.
I also would like bitcoin to be the number one cryptocurrency forever, but it seems to me that ETH will soon take its place. You could call ethereum the state currency. Look how quickly and demonstratively ETH mixers are closing. For the most part, bitcoin is already obsolete. It has no additional features other than transfers. Whereas ETH has much more functionality.
We would not think that ETH could replace bitcoin but it could happen in the future. Moreover, we will never know what the future will be like. We still hope that bitcoin can become the number one cryptocurrency and it can still happen in a few years. And ETH still has a chance to be behind bitcoin in leading other altcoins, especially those in the ETH network. Maybe we feel that ETH has more functions, but if an ecosystem is newer than ETH and can offer more functions, the coin can replace the ETH position later.
hero member
Activity: 2926
Merit: 636
January 08, 2023, 06:11:27 AM
#33
I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.

Do you mean that Bitcoin never satisfies you OP? But for me, Bitcoin is enough. In fact, it was a unique project created and I don't think it was necessary to have new like Bitcoin otherwise, it was just considered an altcoin and had no originality. Adoption may not be as fast as we see but it somehow increasing meaning that people are started recognizing the value of Bitcoin. Cryptocurrencies may not stay forever but I believe in the contribution it has to the community and market development.
sr. member
Activity: 2226
Merit: 344
January 08, 2023, 04:04:52 AM
#32
The future of digital currencies are surely be bright. Isn't it obvious? We are on a digital age now. There are lots of developments that occurred in blockchain and in cryptos which is a good thing but along with it is that there are also a huge number of scams and failed projects which is bad as many people lost their money and then this have badly affected the reputation of cryptos.

The latest thing in digital currencies would be the CBDC. This should be a valid one as it wasn't really a crypto or an altcoin but it was like a dollar since it was created by the banks and the governments. I know there are more to come later on. This is exciting but I hope each of them won't have any conflict with other.
sr. member
Activity: 658
Merit: 280
Axioma Holding - Axioma Pay Crypto Card
January 08, 2023, 12:38:37 AM
#31
Digital currencies have gone down a lot in a span of few days. Between 2020 and 2021, the market for digital currencies was also very good. But since 2022, the market of digital currencies has been going down continuously. Every investor has suffered huge losses by investing in digital currencies. However, many have analyzed the market and by analyzing the market they have said that the market of digital currencies will be strengthened a lot from the end of 2023 to the middle of 2024. If their figures are true, I think digital currencies will be in a much better position in the coming years. To those who invested in digital currencies, I would like to say that if you wait until 2024, maybe something good is waiting for you.
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