What's the future of digital currencies? - page 2.

kapalmabur

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Quote from: Scripture on January 07, 2023, 07:47:59 PM

Quote from: zipnoid on January 05, 2023, 04:57:31 PM

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

)

This is cryptomarket where the top coin is Bitcoin and the rest are considered altcoins, so you mean you are looking for another Bitcoin? I guess it will not happen in cryptomarket, maybe on a different market but not here. Cryptocurrency is still the trend and it might last longer, it will be hard to compete with Bitcoin where all the cons already compliments by the altcoins, Satoshi’s mind are already out with the good altcoins developer.

I think Bitcoin will still be the king of crypto and I don't see any other coin that can unseat it,
even Ethereum which is the 2nd ranking coin in CMC it will still be difficult,
but in crypto sometimes things that we don't predict can happen

Scripture

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Quote from: zipnoid on January 05, 2023, 04:57:31 PM

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

)

This is cryptomarket where the top coin is Bitcoin and the rest are considered altcoins, so you mean you are looking for another Bitcoin? I guess it will not happen in cryptomarket, maybe on a different market but not here. Cryptocurrency is still the trend and it might last longer, it will be hard to compete with Bitcoin where all the cons already compliments by the altcoins, Satoshi’s mind are already out with the good altcoins developer.

nurilham

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At the moment we still can't guess, we know that future technological developments are sometimes beyond our expectations and guesses. It could be that they are currently developing the technology or something because of how fast blockchain is developing. I'm sure there will be something new again in the future. but here, blockchain and cryptocurrencies are also growing. However, like Bitcoin, it has undergone many processes, and that process is one of the most valuable things. Indeed, we cannot guarantee that Bitcoin will always exist and be worthy, but if we look at how Bitcoin has progressed and processed so far, I am sure that Bitcoin will continue to survive, but not necessarily with altcoins. So Bitcoin should be able to continue even though there are other technologies that may have more than this.

Lantind

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Quote from: zipnoid on January 06, 2023, 07:08:29 PM

Quote from: Jackl87 on January 06, 2023, 01:59:16 PM

Well in the end Ethereum is also "just another altcoin" if you see it that way but i think it was Ethereum that was the most important project to bring the crypto space into the mainstream and not bitcoin.

To be clear, I wasn't trying to offend any altcoin Tongue

I was just trying to protect the topic because I could already see people coming here to shill their coins, saying they are the "Bitcoin killer". I was just trying to keep the topic on a good level.

Your basic question is very general, so you will bring this topic to a wider, and not limited. So that will lose the main purpose of what you want. And those who comment will give different responses, which makes you confused in determining the direction of the topic.

Anonymous100

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Quote from: zipnoid on January 05, 2023, 04:57:31 PM

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

)

If you are interesting with new ideas, maybe you can learn about the issue of internet network switching to satellite network, or in other words satellite internet. They revealed that the advantages of satellite internet network can communicate easily while in the middle of the sea. Internet network now requires wired functionality, and network coverage is limited. And I think this idea will be related to the crypto we are currently using, so we need to study the extent of the function of the network.

mv1986

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Quote from: zipnoid on January 05, 2023, 04:57:31 PM

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

)

Evolution is probably the right word here although you seem to imply that you are actually asking what the next "revolution" could be looking like. The revolution took already place as that was the introduction of a currency successfully working on the principle of decentralization on a global scale across boarders. That wasn't possible due two the double spending problem.

So I guess the question would be whether there are new technologies in the pipeline that could successfully organize a currency or a whole ecosystem in a decentralized fashion? We are probably going to see various evolutionary steps when it comes to Bitcoin, but lots of it is probably going to happen on layers different from the Bitcoin base layer. In the long run Bitcoin might altogether go through lots of iterations, but with technological progress will probably also come some counter-regulation from governments if the technological advancements could undermine their urgent desire for mass surveillance, for example.

Xal0lex

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Quote from: zipnoid on January 05, 2023, 04:57:31 PM

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

)

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

Tigerheart3026

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Quote from: fzkto on January 07, 2023, 02:43:13 PM

Quote from: maydna on January 07, 2023, 02:22:29 PM

Quote from: Yaunfitda on January 06, 2023, 10:18:23 PM

Quote from: zipnoid on January 05, 2023, 04:57:31 PM

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.

but i would like to predict bnb will overtake eth though we don’t surely what happen in the future cryptocurrency market. but how eth will overtake bitcoin it is impossible to me think in this time. what do you mean by additional features? imagine how much bitcoin users whole over the world.

fzkto

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Quote from: maydna on January 07, 2023, 02:22:29 PM

Quote from: Yaunfitda on January 06, 2023, 10:18:23 PM

Quote from: zipnoid on January 05, 2023, 04:57:31 PM

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.

maydna

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Quote from: Yaunfitda on January 06, 2023, 10:18:23 PM

Quote from: zipnoid on January 05, 2023, 04:57:31 PM

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.

SUNNY F

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Quote from: Poker Player on January 06, 2023, 05:42:27 AM

The future is very difficult to predict. Based on what is there now, we can see the likely things, and we will still err. You can look at the movie Back to the Future, for example, there are some things it got right and some things it got wrong.

Quote from: pooya87 on January 06, 2023, 05:11:04 AM

Big innovations like Bitcoin that change the world are always rare. If they happened everyday they wouldn't have been as exciting to watch them unravel. This is one of the reasons why we haven't seen any groundbreaking innovations in this scene.

I agree, when the wheel was invented, which marked a before and after in transportation, more than 5,000 years had to pass for another such radical revolution, which was to be able to fly. What we cannot predict is what we cannot even imagine today. Imagine explaining to someone in 1800 what the Internet was going to be. He couldn't even conceive it. Let alone if you go much further back in time.

In any case, I think the most likely thing for the next say 10 years will be that Bitcoin will continue to exist and revalue in purchasing power, that CBDCs will be implemented and that most shitcoins will go to hell.

I very much agree with the above views. I think encryption now needs to improve the infrastructure more urgently, so that more people can come in to understand encryption, make the path of entering this industry more diversified, and regulate some liars and robbers to destroy the encryption industry. Safety.
All those that do not conform to positive energy will be abandoned, and those that conform to healthy development will become more and more prosperous.

Silberman

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Quote from: zipnoid on January 05, 2023, 04:57:31 PM

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 most obvious of the revolutions that are coming are quantum computers, this will force bitcoin to change to protect itself from those computers and the potential attacks they could produce, but other than that everything is up in the air, this market is still in its infancy and it can be molded depending on what kind of new technological advancement becomes widespread during the next decades, and this means we have no way to be sure what kind of direction this market will take.

Abiky

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Quote from: zipnoid on January 05, 2023, 04:57:31 PM

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 only thing I can think of is Quantum Computing. This new breakthrough in the world of computing could greatly improve the performance of existing blockchain networks. But I think we're decades away from seeing this becoming a reality anytime soon. Other promising tech seems to be DAGs (Directed Acrylic Graphs) which aim to make crypto faster and cheaper than ever. Bitcoin won't likely change to a DAG anytime soon (especially when there are a lot of security issues tied to DAGs), but at least we have an alternative to existing blockchain tech (with improvements, DAGs could replace blockchains in the future).

I'd say it's a wild guess to tell exactly what breakthrough innovation will radically change Bitcoin for the better. The future is not set in stone, so developers have plenty of time to come up with fresh and new ideas. All I care about is decentralization and censorship-resistance. As long as Bitcoin stays decentralized, nothing else matters. Just my opinion

Yaunfitda

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Quote from: zipnoid on January 05, 2023, 04:57:31 PM

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".

zipnoid

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Quote from: Jackl87 on January 06, 2023, 01:59:16 PM

Well in the end Ethereum is also "just another altcoin" if you see it that way but i think it was Ethereum that was the most important project to bring the crypto space into the mainstream and not bitcoin.

To be clear, I wasn't trying to offend any altcoin Tongue

I was just trying to protect the topic because I could already see people coming here to shill their coins, saying they are the "Bitcoin killer". I was just trying to keep the topic on a good level.

Jackl87

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Quote from: zipnoid on January 05, 2023, 04:57:31 PM

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

)

Well in the end Ethereum is also "just another altcoin" if you see it that way but i think it was Ethereum that was the most important project to bring the crypto space into the mainstream and not bitcoin. The reason for that is pretty simple, Ethereum was the first project that introduced the smart contract functionality into the crypto space and that changed everything. Without smart contracts we would have no tokens, no NFT's and the whole concept of Defi would also not be possible. Dexes would also not be existant.

I have no idea how "the next big thing" could look like but i am sure that if it comes, then it will come pretty much out of nowhere for us normal people.

zipnoid

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Quote from: o48o on January 06, 2023, 11:48:20 AM

"No altcoins" and yet you have written this in Altcoin discussion

.

I had originally posted this topic on "Bitcoin discussion" but it was moved here

Quote from: seoincorporation on January 05, 2023, 06:21:13 PM

In the next years, we will see a crazy evolution in the hardware and software, All will be different, the cryptography will change, the mining will move to quantum mining, and that will be resumed in fast blockchains, just think about bitcoin but with blocks each second, that will be a crazy evolution for the cryptos.

I agree. But when quantum computing goes mainstream in the future, won’t this pose a threat to the current security behind crypto?  

But thanks all for your interesting point of view and links. I’ll be checking them out!  

One thing that worries me about the blockchain is how it will be used by governments to track transactions and tax people. We are already seeing this in the US, where the IRS is investing billions of dollars to track profits. The ledger allows them to go back to any time in the past and go after people for any reason they choose. I see this as a vulnerability of the system. I hope someone will come up with a digital currency that doesn’t rely on a blockchain and can act more as a p2p transaction. But I know this might be impossible to solve without running into the double spending issue.

o48o

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Quote from: zipnoid on January 05, 2023, 04:57:31 PM

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

)

"No altcoins" and yet you have written this in Altcoin discussion

.
Birth of something completely new would be impossible to predict because no one had even had attempted it, researched and talked about in the forums before.
I think that next big thing already has ton of failed attempts in the market. And my guess it would be related to Digital identity and Zero knowledge tech.

That could honestly change everything. Concept of privatekeys as they are probably also going to change a lot. Because when even experienced users can't always handle them safely, you cant expect normies woud.

bitzizzix

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No one really can predict the future of bitcoin for sure, but what I do know is that we are moving towards a more decentralized system where peer-to-peer transactions are faster, safer, and easier.
but I think the future of bitcoin and blockchain is very bright and both will continue to survive, especially blockchain. It has the potential to revolutionize many industries such as finance and healthcare, by providing secure, transparent and immutable records, it can make transactions faster and more efficient.
and besides, its decentralized nature can help reduce or even eliminate fraud and increase trust between parties. And overall, I believe that blockchain technology will be a major part of our future.

rhomelmabini

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Quote from: zipnoid on January 05, 2023, 04:57:31 PM

I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

Aren't we evolving? The creation of newer solutions make us evolving in the process, we never heard of defi before, NFTs, rollups and other protocols that keep on developing. The huge institutions would never let into crypto if they don't see the massive potential ahead in this space, they know crypto will be huge in the future.

Topic: What's the future of digital currencies? - page 2. (Read 459 times)