WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? - page 76.

Villy_wongaa

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Quote from: Oatmeal on March 31, 2017, 06:44:11 AM

There are some who believed that it will be used in 2022, most of bitcoins users believes that idea, in fact they found the similarity of it when emails are still new. At late 1990's people used to laugh about what email can do they found it ridiculous and just a waste of time, but look at now people nowadays are all using emails as a sign of communication and transaction. Same as bitcoin if you ask a person what bitcoin is they have no idea and when you teach them they'll just say it is just a waste of time and say HA-HA. I believe that in that year people will use bitcoin it is because it is a digital money that connects people around the world without any hustle. And it has potential assets that paper money cannot do.

Yes, this is a very good comparison. But over time, for the speed of communication, people began to use different messengers instead of e-mail. There is a possibility that over time, bitcoin may supplant a more sophisticated crypto currency.

VanDeinsberg12

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Quote from: ilovefeetsmell on March 31, 2017, 09:15:50 AM

Quote from: Endikadija on March 30, 2016, 11:48:50 AM

It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.

Our life will depend on technology. Banks will disappear in the market because it is not needed by everybody. There's an alternative way to keep our money or to save our money. Banks are against in bitcoin even our government. They couldn't control the bitcoin. Maybe someday it will happen but I wish not to happen because it is very alarming. We know that fiat and bitcoin are very important to us to make a transaction.

You still see a lot of the bank in our real life, Just the matter of time until the bank is trying to make attack for the crypto ecosystem. We must ready for it.
Bank are trying controlling the bitcoin through the indirectly touch.

ilovefeetsmell

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Quote from: Endikadija on March 30, 2016, 11:48:50 AM

It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.

Our life will depend on technology. Banks will disappear in the market because it is not needed by everybody. There's an alternative way to keep our money or to save our money. Banks are against in bitcoin even our government. They couldn't control the bitcoin. Maybe someday it will happen but I wish not to happen because it is very alarming. We know that fiat and bitcoin are very important to us to make a transaction.

Oatmeal

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There are some who believed that it will be used in 2022, most of bitcoins users believes that idea, in fact they found the similarity of it when emails are still new. At late 1990's people used to laugh about what email can do they found it ridiculous and just a waste of time, but look at now people nowadays are all using emails as a sign of communication and transaction. Same as bitcoin if you ask a person what bitcoin is they have no idea and when you teach them they'll just say it is just a waste of time and say HA-HA. I believe that in that year people will use bitcoin it is because it is a digital money that connects people around the world without any hustle. And it has potential assets that paper money cannot do.

alani123

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Quote from: Owl_Fintech on March 31, 2017, 01:43:39 AM

As I see it, Bitcoin has the potential to be the most used asset for the purpose of storing value, but I'm not sure about micropayments.

It is important to remember that new technologies come up every year. If Bitcoin keeps improving, it could be one of the most widely used means of payment for microtransactions, but this requires effort and consensus among developers, users and miners.

I think that the connotation of using bitcoin for microtransactions was faulty from the beggining. Bitcoin does have the divisibility but neither the network capacity nor the lack of value to help facilitate such a thing. The only period of time that bitcoin seemed like a valid means of payment for microtransactions was when it didn't receive much use and didn't have a fractions of today's market value.

Owl_Fintech

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As I see it, Bitcoin has the potential to be the most used asset for the purpose of storing value, but I'm not sure about micropayments.

It is important to remember that new technologies come up every year. If Bitcoin keeps improving, it could be one of the most widely used means of payment for microtransactions, but this requires effort and consensus among developers, users and miners.

goldcoinminer

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Quote from: andrei56 on March 30, 2017, 09:23:25 PM

Quote from: D05GTO on March 29, 2017, 08:14:47 AM

The popularity of bitcoins is very limited at a moment and it has not reached to each and every corner of the world so its hard to believe that everyone will start using bitcoins in such short time frame and there will be many people who will prefer to stay away from it and continue with fiat.

Bitcoin is in a deadlock, if many people used bitcoin that would incentivize more people to use bitcoin but for that to happen more people need to use bitcoin so we are trapped in a loop that does not seems to have a way out, so we can only try to promote bitcoin ourselves and see a slow adoption ob bitcoin.

I could possibly agree with that because we are looking at the future of bitcoin, as people stated to adopt because they see bitcoin is giving them
benefits we could also see more and more will be coming. Not all people are necessary to invest because I would love to see more spenders than
holders of bitcoin.

andrei56

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Quote from: D05GTO on March 29, 2017, 08:14:47 AM

The popularity of bitcoins is very limited at a moment and it has not reached to each and every corner of the world so its hard to believe that everyone will start using bitcoins in such short time frame and there will be many people who will prefer to stay away from it and continue with fiat.

Bitcoin is in a deadlock, if many people used bitcoin that would incentivize more people to use bitcoin but for that to happen more people need to use bitcoin so we are trapped in a loop that does not seems to have a way out, so we can only try to promote bitcoin ourselves and see a slow adoption ob bitcoin.

D05GTO

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The popularity of bitcoins is very limited at a moment and it has not reached to each and every corner of the world so its hard to believe that everyone will start using bitcoins in such short time frame and there will be many people who will prefer to stay away from it and continue with fiat.

Xenophoto

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Quote from: Harlot on March 28, 2017, 05:25:53 AM

Quote from: andrei56 on March 25, 2017, 10:47:47 AM

Quote from: Xenophoto on March 22, 2017, 04:06:11 AM

Smartphones are really really cheap. Even fishermen can afford smarrphones now and fishermen (and farmers) are the ones that get really low income in my country. And, the availability of smartphones to the mass will not change the standing of bitcoin because if it does, then mass adoption should have happened years ago when the smartphone industry started booming.

If everyone can afford to buy smartphones, then everyone has the ability to use bitcoins but not everyone will. Just like how we can all kill each other, but very little's doing that. I know it's two different things but you guys get my point.

When a significant amount of the population of the world lives with just a few dollars a day then it is unlikely bitcoin will ever reach that segment of the population which by the way are the ones in the most need to get access to bitcoin.

I don't think that their will be any use for the fishermen having smartphones. What will be the function of it to them? Also I don't think that their class would enjoy Bitcoin as a form of currency because can you imagine the pain they will go to just to convert it to Fiat currency? Not only the Fishermen but others as well even the rich people prefer Fiat Currency because it is the most liquid form of asset their is. Why fix something if it is not yet broken? Because Fiat Currency works for all, also they can co-exist with real Currency I don't know why we need to choose one kind to another.

Slow down. No one's forcing you to do anything. I don't know how can you speak in behalf of fishermen and rich people. I would like to disprove your opinion by quoting your own words. "Not only the fishermen but others as well" What? You're saying that people in general don't need bitcoins but here we are. Roll Eyes

Smartphones will have the same use to fishermen. It will be used to communicate, to go online, read mails, etc. Fishermen are people too and they adopt the environment as well. Don't think of them of some primitive men holding a spear to catch a fish.

"Why fix something that isn't broken?" Things get obsolete. Things get flaws overtime. The fiat currency might not be broken or whatever but it's already obsolete. Fiat currency has been around for decades/centuries and the world has already changed a lot. People are using paper money lesser and lesser so maybe it's time to upgrade some things.

Harlot

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Quote from: andrei56 on March 25, 2017, 10:47:47 AM

Quote from: Xenophoto on March 22, 2017, 04:06:11 AM

Smartphones are really really cheap. Even fishermen can afford smarrphones now and fishermen (and farmers) are the ones that get really low income in my country. And, the availability of smartphones to the mass will not change the standing of bitcoin because if it does, then mass adoption should have happened years ago when the smartphone industry started booming.

If everyone can afford to buy smartphones, then everyone has the ability to use bitcoins but not everyone will. Just like how we can all kill each other, but very little's doing that. I know it's two different things but you guys get my point.

When a significant amount of the population of the world lives with just a few dollars a day then it is unlikely bitcoin will ever reach that segment of the population which by the way are the ones in the most need to get access to bitcoin.

I don't think that their will be any use for the fishermen having smartphones. What will be the function of it to them? Also I don't think that their class would enjoy Bitcoin as a form of currency because can you imagine the pain they will go to just to convert it to Fiat currency? Not only the Fishermen but others as well even the rich people prefer Fiat Currency because it is the most liquid form of asset their is. Why fix something if it is not yet broken? Because Fiat Currency works for all, also they can co-exist with real Currency I don't know why we need to choose one kind to another.

andrei56

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Quote from: soul-impact on March 21, 2017, 06:17:54 PM

Quote from: andrei56 on March 21, 2017, 06:14:54 PM

Quote from: kikeda on March 20, 2017, 04:44:41 AM

Quote from: whizter on March 20, 2017, 04:22:13 AM

Quote from: Bitcoinsummoner on March 15, 2017, 01:47:11 PM

Quote from: Osarman on March 15, 2017, 01:32:00 PM

Quote from: agamasrori on March 11, 2017, 09:21:58 PM

Quote from: just_Alice on March 10, 2017, 08:13:58 AM

In 2022, you mean in 5 years? Well, not by everyone, but I think most people from the rich countries will be using it. And also people from the poor countries will be keeping their savings in BTC since their local currencies will be much more unstable than BTC.

I think anything could be happen, although it seem atleast we need to wait more than 10 years to see its happen. I am sure that if global economy is getting worst, people will turn to use bitcoin.

i agree with you that bitcoin will use by everyone in coming 10 years in the future because bitcoin is the future currency and bitcoin getting much more popularity everyday and bitcoin getting more power and we can use bitcoin easily in everywhere around the world so bitcoin will be use as global currency in the future.

I think its already bitcoin are using by everyone not all people but every country has there are person who are using bitcoin.
And more users will come that can use bitcoin locally and online..

but i do not think that in present time all the people of the world are using bitcoin, to me i think not more that 1% people are using bitcoin and therefore we cannot expect that in 2022 all the people of the world will be using bitcoin.

That's right its hard to believe that each and every person will start using bitcoin in that short duration as bitcoin is still new to many people and it has not reached to each and every corner of the world and for that to happen it will really take a long time.

Unless the internet and smartphones become very cheap then bitcoin has no chance of being used by everyone in such a short time frame, we don't have the infrastructure in place for bitcoin to be used everywhere especially in the poorest places on earth.

Phone and computer are becoming cheaper everyday so I think it is not a big issue bro

It may seem that way but for most of the people of the world, there is no way they can afford such a piece of technology, since they need to prioritize their expenses and it is very obvious you will choose food and water first rather than a mobile phone.