Topic: Will Bitcoin take over the world and drive most of the commerce worldwide? - page 2. (Read 137 times)
February 08, 2018, 10:27:16 AM
Yes especially for the e-commerce, cross border e-commerce was have really big obstacle. The rism is very big, but it can solved by blockchain technology because it will dismiss all procedure difficulty in transactions because people don't need to use bank and the best part is it is transparent. So we can try to avoid scam easier than use conventional e-commerce. Need very long time to see bitcoin take over the world and drive most of the commerce worldwide but there is still a chance for it.
February 08, 2018, 10:23:13 AM
Blockchain, yes.
Bitcoin, not sure
Bitcoin, not sure
February 08, 2018, 10:22:27 AM
yes ; i think he effecte the commerce worldwide because of his speed and low fees and scalability
Just like every new technology, it will take years to become ready for the masses. Luckily, its growth will be much quicker than the automobile, airplane, or even the computer, not only due to the accelerating pace of tech adoption but also because the infrastructure is already in place (the internet).
February 08, 2018, 10:05:57 AM
yes ; i think he effecte the commerce worldwide because of his speed and low fees and scalability
February 08, 2018, 09:59:46 AM
Do you believe that take over the world?
Do you believe that Bitcoin will drive most of the world's commerce?
Silicon Valley legendary venture capitalist Tim Draper certainly thinks so and talks about it in the latest interview in Forbes Magazine.
I certainly agree with Draper, why anyone would want to go back to fiat when crypto is distributed, secure and global, while fiat is subject to the whims of political forces.
https://www.forbes.com/sites/nathanvardi/2018/02/07/silicon-valley-legend-tim-draper-bitcoin-and-crypto-will-take-over-the-world/
In my opinion Bitcoin technology has completely redefined the concept of money in its nine years of existence.
It is designed so that only the person who knows private key controls the bitcoin associated with a given public (key) address.
Unlike a ton of gold or suitcases filled with cash, a Bitcoin user can store indefinite amounts on a given address. A trillion dollars, for example, stored on a single address costs just as much to store as $1 in bitcoin.
You can send pretty much any amount to someone else on the other side of the globe in minutes, just like an email. This is something that was never done before so seamlessly and without a middleman.
Also people who travel abroad know perfectly well that no more than $10,000 USD can be brought along. A penny more, and you must explain where that money is coming from and what it is being used for to the border patrol.
Also Bitcoin introduced something that has never existed before: the concept of digital scarcity. For example, while most US dollars today come in digital form, more is always created – something that has ballooned the US national debt to over $20 trillion.
Hard capped at 21 million, there are no central planners or decision-makers that can change this number because that would mean convincing millions of users to go along.
Bitcoin is not a static technology. In fact, the innovation in Bitcoin has been staggering. Numerous proposals to optimize and improve it are already in the pipeline, including plans to make transactions instant, cheaper, more private, and more decentralized.
Do you believe that Bitcoin will drive most of the world's commerce?
Silicon Valley legendary venture capitalist Tim Draper certainly thinks so and talks about it in the latest interview in Forbes Magazine.
I certainly agree with Draper, why anyone would want to go back to fiat when crypto is distributed, secure and global, while fiat is subject to the whims of political forces.
https://www.forbes.com/sites/nathanvardi/2018/02/07/silicon-valley-legend-tim-draper-bitcoin-and-crypto-will-take-over-the-world/
In my opinion Bitcoin technology has completely redefined the concept of money in its nine years of existence.
It is designed so that only the person who knows private key controls the bitcoin associated with a given public (key) address.
Unlike a ton of gold or suitcases filled with cash, a Bitcoin user can store indefinite amounts on a given address. A trillion dollars, for example, stored on a single address costs just as much to store as $1 in bitcoin.
You can send pretty much any amount to someone else on the other side of the globe in minutes, just like an email. This is something that was never done before so seamlessly and without a middleman.
Also people who travel abroad know perfectly well that no more than $10,000 USD can be brought along. A penny more, and you must explain where that money is coming from and what it is being used for to the border patrol.
Also Bitcoin introduced something that has never existed before: the concept of digital scarcity. For example, while most US dollars today come in digital form, more is always created – something that has ballooned the US national debt to over $20 trillion.
Hard capped at 21 million, there are no central planners or decision-makers that can change this number because that would mean convincing millions of users to go along.
Bitcoin is not a static technology. In fact, the innovation in Bitcoin has been staggering. Numerous proposals to optimize and improve it are already in the pipeline, including plans to make transactions instant, cheaper, more private, and more decentralized.
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