Into the upgraded versions of our civilisation, because if nothing else cryptos have proven it is possible to achieve higher levels of knowing what you own with lower effort.
Topic: Where are we going with cryptocurrency? (Read 2861 times)
A lot of people are aware of cryptocurrency and still not enough for some kind of shift to happen. For most of them it's still a complicated, insecure, not real money. But I think in time more altcoins will appear and bitcoin will become even more expensive.
Cryptocurrency is developed to give the consuming public a choice in their financial management. That is why they are termed as alternative coins or altcoin. The road that this coins have travel in the market have been too long to undo. This innovation may probably continues to go with mainstream of the global market, since a lot of establishments are accepting bitcoin as normal fiat.
The cryptocurrency is a result of a rising technology so I think this cryptocurrency have a very high potential and probably will be the future currency and will make our life easier. I think, there will be a developed infrastructure for the use of cryptocurrency
As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?
we started move from personal investment into company investment in cryptocurrency.
in 2018 will find more support and used cryptocurrency also big companies will start them own coins
"Cryptocurrency" is the medium, not the message
"Cryptocurrency" is a confusing term - Bitcoin, Litecoin, Dogecoin, etc. usually come to mind.
It's simpler than that: a cryptocurrency is value that can be cryptographically secured, and digitally represented and transmitted via the Internet.
Bitcoin fits this description. So does a Euro that also meets these characteristics. There are differences, e.g. one is the product of national monetary policy; the other isn't. There are also similarities, e.g. they both benefit from the technical capabilities of the Internet (there are lots of benefits).
Convertible + transferable = interopreable
With that in mind, I think it's safe to say that an increasing variety and volume of existing stores of value - national currencies like Euros, commodities like gold, Internet currencies like Bitcoin, etc. - will become transferable and exchangeable as crypto currencies, likely using a common protocol (like Ripple (payment network); note - I work at Ripple Labs) to do so.
For example: today, Bitcoin is a valuable commodity (~$5b), and so are loyalty points (~$350b) gold (~$10,000b). Rather than using cryptocurrency technologies to switch these stores of value to a new single store of value, why not focus on making them more interoperable, i.e. easier to exchange?
Cryptocurrency can be a friendly movement
I think interoperability is a more practical and credible outcome that requires less disruption (damage to the incumbent ecosystem) and more construction (enhancing the ecosystem).
"Cryptocurrency" is a confusing term - Bitcoin, Litecoin, Dogecoin, etc. usually come to mind.
It's simpler than that: a cryptocurrency is value that can be cryptographically secured, and digitally represented and transmitted via the Internet.
Bitcoin fits this description. So does a Euro that also meets these characteristics. There are differences, e.g. one is the product of national monetary policy; the other isn't. There are also similarities, e.g. they both benefit from the technical capabilities of the Internet (there are lots of benefits).
Convertible + transferable = interopreable
With that in mind, I think it's safe to say that an increasing variety and volume of existing stores of value - national currencies like Euros, commodities like gold, Internet currencies like Bitcoin, etc. - will become transferable and exchangeable as crypto currencies, likely using a common protocol (like Ripple (payment network); note - I work at Ripple Labs) to do so.
For example: today, Bitcoin is a valuable commodity (~$5b), and so are loyalty points (~$350b) gold (~$10,000b). Rather than using cryptocurrency technologies to switch these stores of value to a new single store of value, why not focus on making them more interoperable, i.e. easier to exchange?
Cryptocurrency can be a friendly movement
I think interoperability is a more practical and credible outcome that requires less disruption (damage to the incumbent ecosystem) and more construction (enhancing the ecosystem).
Because of the importance of technology and the internet increasing everyday, even now as we speak, bitcoin is bound to become a recognizable and influential currency in banking. It's high demand plus each generation being even more technologically savvy means that it is on a good path to rivaling fiat. As for other properties, it's price will increase. Altcoins will also become more common.
yes, nowadays many people in every country know about bitcoin, but if they only know I think it will not affect bitcoin, but if all the world people join, to invest in bitcoin, trading, etc., then of course it will affect bitcoin prices, when many people are mining and bitcoin supplies are getting scarce, then bitcoin prices will be high. and today we see it happening.
So many people have heard of Bitcoin but not all know how it's being use because it is strange to them in terms of it's application
Well i believe that in bitcoin we are going to go success bitcoin really a good source of an extra income and it can be more profitable in every hour of the day because of its unstable price so if we continue to do botcoin and continue to earn huge amount and if this huge amount that we get into it should be use in a proper way of using no doubt on it we are going to success. Ee only have to have more patience and continue dreamer life is like a wheel dont be ashame to do new thing it can be better someday.
The direction is clear with our journey. I just hope and believe the world will accept the way it comes. It caught people unaware due to the fact the economies of the world didn't see the era of the cryptocurrency coming. There must be a law backing the exercise. But sincerely its taking far because every business now seems to have their businesses around blockchain. It's really massive, government, banks and every individuals must just embrace and give it a good path to follow.
So many people have heard of Bitcoin but not all know how it's being use because it is strange to them in terms of it's application
As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?
As far as i know cryptocurrency have a great vision towards in the future,there dreams to accomodate all over the worlds being as no 1.digital currency all over the nation ,to be take over in fiat money.bitcoin and the bank are collaborated each other.and being regulated all over the world.
Even in countries such as Russia, China, more than 80 percent of the population does not know about bitcoin. This suggests that the crypto currency has still great opportunities for growth. In the future, I think, there will be a developed infrastructure for the use of crypto currency, and altcoins will not need to be exchanged via bitcoin. Now, in fact, the crypto currency is at the stage of its origin.
There are many cryptocurrencies emerging now and as years go by, these cryptocurrencies are advancing remarkably! One of the top blockchain of cryptocurrency is Ethereum. It can execute code that can specify conditions under which transaction will happen called Smart Contract that is executed without any outside interference, and will even happen regardless of that fact that something might happen to a computer on the distributed database. It is a good time to invest! The Propthereum ICO crowdsale will run off a decentralized Smart Contract that runs on the Ethereum Blockchain. It is secured with a 256-bit encryption which makes it secure and reliable. Propthereum Tokens will be minted as PTCs. These coins are a digital representation tracking the funding of our ICO and crowdsale. The pre-ICO token sale will take place on November 10, 2017 at 12PM GMT.
With the advantages of cryptocurrency, I think in near future, most people who can connect to the Internet will use Bitcoin and altcoins. They will invest in Bitcoin and use altcoins for transactions payment (both of individuals and companies).
Let's take a look on bitcoin value right now , that's the fact that bitcoin getting popular around the world.
I can see bitcoin will stand in same level just like fiat in the future for example : it can be use for daily transaction or other official transaction.
So just keep bitcoin eurphoria and spread it out to your friend and family !
I can see bitcoin will stand in same level just like fiat in the future for example : it can be use for daily transaction or other official transaction.
So just keep bitcoin eurphoria and spread it out to your friend and family !
We are going towards the legitimisation the idea of cryptocurrency in the public mind. The more the bitcoin lives the more its sustainable in the eyes of the masses. All of the doom and gloom stories are proven to not be true. That is why if we will keep the course we are on, the btc will look more secured. That could lead us to new unknown frontiers. Only time and God could tell for sure.
Crypto currency will still be convenient to calculate for greater purchases. To pay for small purchases, the calculation in digital currency, on the one hand, is not very convenient, and on the other hand, due to the need to pay commissions, may not be financially profitable. Therefore, some part of the market will be serviced by traditionally paper money.
Not much. None of the crypto is applicable for daily use and to an average joe, it is still easier to use fiat than crypto. If anything, the only users that can be added are gamblers and speculators or traders.
That's right, using Crypto Currencies as daily payments is one of our destinations. We can not predict how Bitcoin and other Altcoins will be in next 5 - 10 years but we all know that developers are doing their best to make that dream come true.Hopefully indeed. We, or the devs just needs to make bitcoin a tiny bit more "newbie" friendly. Especially for the older people, they wouldn't have a clue on what private keys and recovery phrases are. Yes we have coinbase, but I don't think that's the best solution for this.
Just to let you know, you can purchase on amazon via bitcoin using purse.io; but yea I get what you mean, it would be alot better if amazon directly accepted bitcoin.
As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?
When majority of the world is informed I think there will be 100 times more users of cryptocurrency than it is now. The price of Bitcoin will probably not rise 100 times though, because there are many other cryptos which people will be using.
I'm with you with that because 100 times is a bit exaggerated on its price for now but who knows in the future. Altcoins is certainly catching up on bitcoin although the situation
now is even though many of us are already using altcoins, our main cryptocurrency is still bitcoin.
being informed is just a first stage, the question is are people willing to learn cryptocurrencies, do they have the resources for it? what i observed on the people around me is
they come and go. they come because of money and when things get hard, they simply go.
I Think there are still a majority of people that are not using bitcoin or not interested with it, and if you rate it in the percentage I think the number of people that is not interested is in a 80% and only 10% of people that has knowledge with it, if you don't believe me then go out and see for yourself by asking random person in your community if they know what is bitcoin and I think 1 out of 10 will say that they have not encounter the word yet or don't know anything about bitcoin.
I don't know maybe it's true where you live, but where I live only 1% at best will say to that they heard something about Bitcoin. That's why I said that there would be 100 times more users of cryptocurrency than it is now if everyone was informed.
10% is a lot. There are 7.35 billion people in the world. Do you really think that 735 million are using Bitcoin or have knowledge about it?
Not much. None of the crypto is applicable for daily use and to an average joe, it is still easier to use fiat than crypto. If anything, the only users that can be added are gamblers and speculators or traders.
That's right, using Crypto Currencies as daily payments is one of our destinations. We can not predict how Bitcoin and other Altcoins will be in next 5 - 10 years but we all know that developers are doing their best to make that dream come true.Jump to: