I believe that there are many criteria to consider a currency an ideal currency. Every people have their own criteria for it. Well, there are different pros and cons of each currency and way of transaction available in this world. Only a person can say if such currency is ideal for him/her or can say that "this currency is better than this". But in general, I don't see any ideal currency for now.
When we talk about ideal currency it has many criteria and every person has his own idea about an ideal currency. Talking about the ideal currency I think bitcoin can be an ideal currency in the future. As of now bitcoin is very famous and many people are already using bitcoin. Bitcoin are also accepted by some establishments as their mode of payment and that makes every transaction easier and faster. Through bitcoin one can lessen their effort and time in paying bills and payments.For me these are reasons why bitcoin may be an ideal currency of the future . 
Topic: Will bitcoin be the ideal currency of the future? - page 10. (Read 1641 times)
It seems to me that it is still too early to draw any definite conclusions.
It will be very early to say but now community are well know the bitcoin and Cryptocurrencies. More country comes in this field will definitely boost bitcoin and government might look to consider as currency for future. Present time with covid19 people are searching bitcoin and crypto at their homes.
So in my opinion bitcoin will be going to ideal currency for future.
So in my opinion bitcoin will be going to ideal currency for future.
Yes, it can be, bitcoin can be the ideal currency in the future because of technology, technology keeps evolving time by time, and as we all know bitcoin came from emerging technology made by Satoshi. In the future, we will become more advance and it is really possible that bitcoin will be adopted all over the world because of so many things that bitcoin can be.
There are so many things that may happen in the future, and making bitcoin as the standard currency for all countries is really possible because it is a really good currency at all.
There are so many things that may happen in the future, and making bitcoin as the standard currency for all countries is really possible because it is a really good currency at all.
I believe that there are many criteria to consider a currency as an ideal currency. Every people have their own criteria for it. Well, there are different pros and cons of each currency and way of transaction available in this world. Only a person can say if such currency is ideal for him/her or can say that "this currency is better than this". But in general, I don't see any ideal currency for now.
Great, making cryptocurrency as a standard currency is not that simple because there are so many things to be considered but I think bitcoin can be in the future because we are now used by technologies. 
I don't think that it would be possible in future, even though cryptocurrency has been used by so many people around the world, even though it is really helpful for everyone who is using it, it cannot still be a standard currency in the future because as what we all know it is decentralized, which means it cannot be handled by the government and its volatility makes it not suitable to be used for daily lives.
I think cryptocurrency is only good as an alternative currency for fiat currency, it is meant to be converted to fiat currency whenever we want to.
I think cryptocurrency is only good as an alternative currency for fiat currency, it is meant to be converted to fiat currency whenever we want to.
When I say ideal I mean:
These are some basics requirements for the ideal currency. But I have a question. There are public and private keys out there. You can take anyone's public key and send him/her bitcoins. In the future, like 2100, you understand that technology is advancing. Those years I believe that brute forcing a private key will not be something impossible. Do you think that bitcoin will be spoiled by human in the future?
Should bitcoin use SHA512? Or something even stronger?
- People cannot born them from blown air and some day they will not be able to earn from coinbase's rewards.
- Over time, it will still have value.
- It cannot be spoiled by human.
- It is decentralized, no one controls it.
- You can send/receive the currency really quickly.
These are some basics requirements for the ideal currency. But I have a question. There are public and private keys out there. You can take anyone's public key and send him/her bitcoins. In the future, like 2100, you understand that technology is advancing. Those years I believe that brute forcing a private key will not be something impossible. Do you think that bitcoin will be spoiled by human in the future?
Should bitcoin use SHA512? Or something even stronger?
1.AFAIK Coinbase rewards are mostly altcoins(if you are talking about their Coinbase Earn program).
2.Bitcoin will have value as long as people continue to use it.
3.Everything can be spoiled by humans.
4.No one controls it?I hope nobody will control the blockchain after X amount of years,but we can't be 100% sure.
5.If you want real quick transactions just use fiat or some lightning fast altcoin.I still don't get why people always want instantaneous transactions.Will the end of the world come if you wait for 30 minutes?
Without a doubt it will be a currency of the future.
Should bitcoin use SHA512? Or something even stronger?
SHA512 is not stronger than SHA256, it is just producing a bigger result otherwise as far as speed of computing it goes it is on par with SHA256. not to mention that hash functions (in the near future) will only be considered weak if there is any flaw in their algorithm like SHA1 and not exactly for their size. and since SHA512 and SHA256 are the same exact algorithm, you can't switch to SHA512 to increase security.
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Bitcoin has limited supply and if we are talking about futures then the supply will be lessen thus making it more in demand which the price will be higher than today. And come to think of it, transactions will be going slower if more people will gonna use bitcoin as currency.
If bitcoin becomes the ideal currency, price of bitcoin will not be there. It will be like price of a smart phone is 0.0005 BTC or like that. Regarding the transcation delay, I think it will also not be an issue because Lightning Network is there and there will be many more off chain transaction service like coinbase.Anyway, it is too far to think bitcoin as an ideal currency of future. I also think that it is not possible due to the fact that govt will be there and they will not use such a currency which they can not control.
I do not think it is still ideal in the future. While there is a vreat features of bitcoin as a currency but there are a lot of glitches too. Bitcoin has limited supply and if we are talking about futures then the supply will be lessen thus making it more in demand which the price will be higher than today. And come to think of it, transactions will be going slower if more people will gonna use bitcoin as currency.
However, we can always consider bitcoin as alternate currency which serves as alternative monetary system. Wr can't remove the fiat currency we are using even in the future. That's the reality.
However, we can always consider bitcoin as alternate currency which serves as alternative monetary system. Wr can't remove the fiat currency we are using even in the future. That's the reality.
i see so the main concern here is the possiblity of hacking a btc wallet . so the question if will btc improve its security yes if thats the only way to prevent the hacks . i dont know if what are the draw backs of doing it but i think imrpoving the security is someting that people are going to agree with . other than that , the longer people expose on btc the more they will become interested on it but i dont think that btc will be the ideal currency of the future because i believe other currencies and payment methods that we have now can still remain also .
Hacking is not the only limitation in having digital as the world's main currency, so it's certainly going to be hard to introduce Bitcoin as the mainstream currency. Additionally, hacking is only possible for publicly accessible user keys that's why some are creating phishing sites to fool around some newbie in the digital world. It's quite difficult to hack in the blockchain since the data is decentralized and encrypted by the whole network and because you need a device that can decrypt all those nodes in the network that we still don't have. When I say ideal I mean:
These are some basics requirements for the ideal currency. But I have a question. There are public and private keys out there. You can take anyone's public key and send him/her bitcoins. In the future, like 2100, you understand that technology is advancing. Those years I believe that brute forcing a private key will not be something impossible. Do you think that bitcoin will be spoiled by human in the future?
Should bitcoin use SHA512? Or something even stronger?
- People cannot born them from blown air and some day they will not be able to earn from coinbase's rewards.
- Over time, it will still have value.
- It cannot be spoiled by human.
- It is decentralized, no one controls it.
- You can send/receive the currency really quickly.
These are some basics requirements for the ideal currency. But I have a question. There are public and private keys out there. You can take anyone's public key and send him/her bitcoins. In the future, like 2100, you understand that technology is advancing. Those years I believe that brute forcing a private key will not be something impossible. Do you think that bitcoin will be spoiled by human in the future?
Should bitcoin use SHA512? Or something even stronger?
With the current state of bitcoin and the general cryptocurrency market, i can strongly say bitcoin is far from an ideal currency as it's still lacks some basic features of an ideal currency. Like you said, before a currency is being termed an ideal one, it must possess lotsof basic features such as high speed transaction, high security and non volatile and to be honest, bitcoin and every cryptocurrency out there lacks these features and i guess in the next few years will be about finding solutions to such problems
i see so the main concern here is the possiblity of hacking a btc wallet . so the question if will btc improve its security yes if thats the only way to prevent the hacks . i dont know if what are the draw backs of doing it but i think imrpoving the security is someting that people are going to agree with . other than that , the longer people expose on btc the more they will become interested on it but i dont think that btc will be the ideal currency of the future because i believe other currencies and payment methods that we have now can still remain also .
Bitcoin was amazing and those features are really important to us but I don't think it's the perfect currency for the future. And some governments are against putting this currency into action within their own country. The attacks on it are also rising as our technology progresses. Those data and so on would easily be swiped and gone if an internet crash occurred. If bitcoin aim to become part of the mainstream financial system which is the ideal currency in the future may need to follow widely divergent requirements. If there are many people who have supported the use of bitcoin, the government should introduce seminars that discuss security to prevent phishing and hacking because they are going to be an easy hacker target.
I think this is not how bitcoin could be an 'ideal currency', but it seems the discussion is turning out to be how secure or resistant a private key against quantum computers attacks. For that discussions, I may prefer the OP to the following thread:
I don't believe Quantum Computing will ever threaten Bitcoin
Would Quantum Computer Kill Bitcoin
In 10 years from now a quantum computer
Quantum Computing and Bitcoin
@OP, we really admire you enthusiasm by opening threads and asking question. However, if you will used Google to search first before opening a thread, it will safe you a lot of time.
I don't believe Quantum Computing will ever threaten Bitcoin
Would Quantum Computer Kill Bitcoin
In 10 years from now a quantum computer
Quantum Computing and Bitcoin
@OP, we really admire you enthusiasm by opening threads and asking question. However, if you will used Google to search first before opening a thread, it will safe you a lot of time.
I would call Bitcoin an ideal alternative currency, which belongs only to you and no one can forbid you to use it! 
Yeah, it should be better to use as an alternative currency even if it also isn't so easy to happen. We know that not all countries allow it to use as a payment tool. In this situation, you cannot use the Bitcoin as an alternative currency. Regarding it is ideal or not as an alternative currency, the answer may be subjective and depend on how you view it. 
First of all, it is not profitable for states to replace national currencies with Bitcoin! And they won't let that happen!
I would call Bitcoin an ideal alternative currency, which belongs only to you and no one can forbid you to use it!
I would call Bitcoin an ideal alternative currency, which belongs only to you and no one can forbid you to use it!
In a way, Bitcoins has many advantages than the regular one. However, considering it as the ideal one still, it is far for being the best and can be the global currency. When we say ideal we need to consider first how it became ahead than the others. It should also address the issues of what others are experiencing.
But I know it takes time to become one if ever that will happen. Since we know that the government wants to manipulate all forms of currency under the state. As of now, let us accept the fact that Bitcoin belongs to valuable assets, just like precious metals.
But I know it takes time to become one if ever that will happen. Since we know that the government wants to manipulate all forms of currency under the state. As of now, let us accept the fact that Bitcoin belongs to valuable assets, just like precious metals.
When I say ideal I mean:
These are some basics requirements for the ideal currency. But I have a question. There are public and private keys out there. You can take anyone's public key and send him/her bitcoins. In the future, like 2100, you understand that technology is advancing. Those years I believe that brute forcing a private key will not be something impossible. Do you think that bitcoin will be spoiled by human in the future?
Should bitcoin use SHA512? Or something even stronger?
- People cannot born them from blown air and some day they will not be able to earn from coinbase's rewards.
- Over time, it will still have value.
- It cannot be spoiled by human.
- It is decentralized, no one controls it.
- You can send/receive the currency really quickly.
These are some basics requirements for the ideal currency. But I have a question. There are public and private keys out there. You can take anyone's public key and send him/her bitcoins. In the future, like 2100, you understand that technology is advancing. Those years I believe that brute forcing a private key will not be something impossible. Do you think that bitcoin will be spoiled by human in the future?
Should bitcoin use SHA512? Or something even stronger?
Bitcoin will be buried in the trash heap along with all other junk coins including USD, EUR, and YEN.
Freedom is a basic right and you can't have freedom without privacy. Therefore BTC will a die a slow death along with all the other obsoleted money over the next few years
You can take anyone's public key and send him/her bitcoins. In the future, like 2100, you understand that technology is advancing. Those years I believe that brute forcing a private key will not be something impossible. Do you think that bitcoin will be spoiled by human in the future?
Bitcoin has been created more than 10 years ago, have you found anyone had brute forced private keys? I am not sure if it's possible even with quantum computer system. But I believe if it happened then there will be something to prevent it. I don't believe it would be spoiled by humans since. Don't feel that bitcoin or crypto industry will be spoiled very easily since there is big community for it. Regarding your concern about ideal currency is quite complicated since there is no bitcoin existence on real life and worldwide governments don't want to support it due to many reasons. Most probably we would see more advance and ideal currency in future which would exist even on real life, but who know about future.
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