Topic: Years of Bitcoin, short version - page 2. (Read 1897 times)
Nice future predictions. Make it to 2030.
Don`t try to predict the future in 2018 and 2019,we don`t know how the governments and central banks will react to a mass bitcoin adoption.Perhaps,like Kakmakr wrote, some big countries would create their own cryptocurrencies instead of adopting bitcoin.When it comes to bitcoin and crypto growth ,i would say
"So far,so good."
Let`s hope for more fresh investors coming...
"So far,so good."
Let`s hope for more fresh investors coming...
I also see that respective countries would start to make its own cryptocurrencies rather than adopting Bitcoin as a whole. These countries would surely make a good use of blockchain technology in the future. I hope Bitcoin will stay as the major platform and transactions in a global scale and would continue to secure its position as the King of Cryptocurrencies throughout the time.
2018 - First official BankCoin are launched
2019 - Governments start to regulate Open/Public Blockchains and favor PRIVATE centralized BankCoins.
2020 - Open/Public Blockchains are banned in most countries.
2021 - Open/Public Blockchains goes underground and flourish on black markets.
2022 - Ban on Open/Public Blockchains are lifted, because governments are losing tax income and votes.
2023 - Bitcoin becomes the global reserve currency.
This is how I see it playing out in the near future, because governments think they can do what they want and will only realize what they have done, once they start losing votes.
2019 - Governments start to regulate Open/Public Blockchains and favor PRIVATE centralized BankCoins.
2020 - Open/Public Blockchains are banned in most countries.
2021 - Open/Public Blockchains goes underground and flourish on black markets.
2022 - Ban on Open/Public Blockchains are lifted, because governments are losing tax income and votes.
2023 - Bitcoin becomes the global reserve currency.
This is how I see it playing out in the near future, because governments think they can do what they want and will only realize what they have done, once they start losing votes.
I wonder what will be the first Bank coin that will be released. I'm excited to see it for myself. It will go down to lots of hearing ang trials in the court befire this can happen because as we all know mixing cryptocurrencies ang fiat though traditional banks are tough ( tho they are open in regulating it ). There is a storm coming when the government banned cryptocurrencies and 2023 the Bitcoin will be the global reserve? Oww I think it will be ten years or more but I'm sure BTC price won't just hit the moon, all if the stars too.
OP, it's more interesting to see how Bitcoin and the dark markets will develop and grow together. That is where we could see Bitcoin's real potential as a censorship resistant and decentralized form of value transfer. The "Bitcoin for the mainstream" is a lost cause in my opinion.
I fully agree with that point of view. However, I think reality will be entirely different.
First of all, crypto will NOT be outlawed, on the contrary. Crypto will be seen as a new speculative financial vehicle, and the finance industry will want to play with it. For that, it will need to be "regulated". Nobody will intervene in the technical aspects of crypto, but you will have to report all your crypto holdings and movements. Those that you don't report, will not be usable on legal platforms (exchanges, stores,.... who will have to do their own reporting, which should match yours and which would betray you if ever you used non-declared coins). This would make crypto entirely legal and taxable assets, losing entirely their purpose as "freedom currency", and making them available to financial institutions.
These will gamble on it like they like to do, and will blow the crypto bubble to unseen heights. Note that the extra volatility induced by professional gamblers (financial institutions) will make crypto totally unsuited to be used as "money", but it will be made perfect speculation vehicles. Financial institutions will in the end burst the bubble, and we will have a new financial crisis 1929/2007 like, caused by the speculative nature of crypto when its bubble blows all over us.
The next generation will be wary of any kind of crypto.
At no point, crypto will be useful "freedom currency" because of a stupid design error of bitcoin: the finite number of coins, that makes it unsuited as a currency, but makes it very highly speculative ; something that has been taken over by most crypto.
But how exactly can it be "regulated"? What is stopping me from sending coins in the dark market to buy drugs or stolen items? Regulation will open a can of worms because it legalizes cryptocurrencies and make them available to the general public. For them to do what? All kinds of nefarious activities.
Trying to get a grasp of history and making some predictions. Improvements are welcome! I always thought that price might stabilize over time but I'm not so sure any more.. Though I don't see any reasons yet for Bitcoin to stagnate.
2008: Concept phase
2009: Launch
2010: Experimenting
2011: Started to grow
2012: Acknowledged by the world, promotion
2013: Acceptance by small companies, turbulence, politics, super hype, venture investment boom
2014: Crash, hacking of exchanges, acceptance by large companies, venture investment boom v.2.0
2015: Price recovery, merchant acceptance boom, acceptance by some governments
2016: World wide acceptance, network expanding and huge rise in mining power, ATM boom, scaling war & Bitcoin politics
2017: Cryptocurrencies boom full spectrum, Japan accepting Bitcoin as legal way of money, other important acceptance, (scaling compromise and solution, potential forking turbulence)
2018: Serious cryptocurrencies development and altcoins finding their purpose, large network scaling, big fresh investors, price boom v.2.0
2019: Serious push for mainstream adoption in some countries, mixture of cryptocurrencies and interoperability
2020: Some Bitcoin and banking (FIAT) systems cooperation (banking long-term survival plan), serious world wide regulation and legalization attempt, Bitcoin banks (for legally lending Bitcoins for interest)
Looking at this historical analysis even sends me a message on how far we have gone and how far there is still need to go. This clearly just give a succinct journey so far and also the various challenges that has been surmounted at any of those periods mentioned above. However, the battle is not over until I see bitcoin becoming the financial breakthrough that the whole world will come to appreciate more than what we have now. 2008: Concept phase
2009: Launch
2010: Experimenting
2011: Started to grow
2012: Acknowledged by the world, promotion
2013: Acceptance by small companies, turbulence, politics, super hype, venture investment boom
2014: Crash, hacking of exchanges, acceptance by large companies, venture investment boom v.2.0
2015: Price recovery, merchant acceptance boom, acceptance by some governments
2016: World wide acceptance, network expanding and huge rise in mining power, ATM boom, scaling war & Bitcoin politics
2017: Cryptocurrencies boom full spectrum, Japan accepting Bitcoin as legal way of money, other important acceptance, (scaling compromise and solution, potential forking turbulence)
2018: Serious cryptocurrencies development and altcoins finding their purpose, large network scaling, big fresh investors, price boom v.2.0
2019: Serious push for mainstream adoption in some countries, mixture of cryptocurrencies and interoperability
2020: Some Bitcoin and banking (FIAT) systems cooperation (banking long-term survival plan), serious world wide regulation and legalization attempt, Bitcoin banks (for legally lending Bitcoins for interest)
Don't forget banks exist for one simple reason; making money. If they can legally profit from cryptocurrencies somehow they will probably do it. I don't think they "hate" Bitcoin as much as you think. Many big banks have already acknowedged "blockchain" as the solution for the future, but perhaps they only aim for private blockchains as some have pointed out here (at least right now).
See for something like this to happen the governments are going to have to lose the battle of their currency against ours, I really don't think that's going to happen as the governments have an extensive amount of control over their own world. They could regulate us and tax us into oblivion in order to kill our moral and to stop us from progressing in pretty much every way, they could pretty much kill us if they want to. It's sad, but it's wildly true on what they can do.
Governments are not going to lose this battle, they have a lot more power then we think they do. They can ruin all of our lives, tax us, take away our assets, and so on and so forth.
Yeah, no this isn't going to happen. You know others have to be able to buy this currency at this point / price.
Governments are not going to lose this battle, they have a lot more power then we think they do. They can ruin all of our lives, tax us, take away our assets, and so on and so forth.
Haha, you can add 2025 as the year when BTC will hit $100,000 - yes I believe it is possible, and do not forget it's been mentioned here first 
Yeah, no this isn't going to happen. You know others have to be able to buy this currency at this point / price.
I really liked the time lines and the possibilities,i am not sure about how Bitcoin and banking (FIAT) systems cooperation will work together,it is not a viable option but i do expect that there will be more regulation from most of the countries around the world and we could see the price rallying when it comes to the next halving.
Isn't this everyones fear though?your point about banks getting into it so that they can have interest or derivaties off of bitcoin.... I don't want that to happen.
When that shit happens that means banks can take 1 BTC and lend out loans or derivatives of 10 BTC worth. On their books it says it is worth 10 BTC and they might have people repay the loan in BTC or whatever. That isn't good. It will devalue Bitcoin because the multiplying effect of banks loaning out more than they have will dillute the "supply of bitcoins available" I say that in quotes because we know the real number is 21millioin total created. But the banks will create more than that because they only have to keep 10% on hand and can loan out bullshit loans for 10x more. That is what they do.
F off banks.
When that shit happens that means banks can take 1 BTC and lend out loans or derivatives of 10 BTC worth. On their books it says it is worth 10 BTC and they might have people repay the loan in BTC or whatever. That isn't good. It will devalue Bitcoin because the multiplying effect of banks loaning out more than they have will dillute the "supply of bitcoins available" I say that in quotes because we know the real number is 21millioin total created. But the banks will create more than that because they only have to keep 10% on hand and can loan out bullshit loans for 10x more. That is what they do.
F off banks.
Very well written! I think it's horrible too but it don't stop me from thinking it will happen (in some countries). Banks have same control over people as the church had 200 years ago. They will not let that go away easily.
Isn't this everyones fear though?your point about banks getting into it so that they can have interest or derivaties off of bitcoin.... I don't want that to happen.
When that shit happens that means banks can take 1 BTC and lend out loans or derivatives of 10 BTC worth. On their books it says it is worth 10 BTC and they might have people repay the loan in BTC or whatever. That isn't good. It will devalue Bitcoin because the multiplying effect of banks loaning out more than they have will dillute the "supply of bitcoins available" I say that in quotes because we know the real number is 21millioin total created. But the banks will create more than that because they only have to keep 10% on hand and can loan out bullshit loans for 10x more. That is what they do.
F off banks.
When that shit happens that means banks can take 1 BTC and lend out loans or derivatives of 10 BTC worth. On their books it says it is worth 10 BTC and they might have people repay the loan in BTC or whatever. That isn't good. It will devalue Bitcoin because the multiplying effect of banks loaning out more than they have will dillute the "supply of bitcoins available" I say that in quotes because we know the real number is 21millioin total created. But the banks will create more than that because they only have to keep 10% on hand and can loan out bullshit loans for 10x more. That is what they do.
F off banks.
Don`t try to predict the future in 2018 and 2019,we don`t know how the governments and central banks will react to a mass bitcoin adoption.Perhaps,like Kakmakr wrote, some big countries would create their own cryptocurrencies instead of adopting bitcoin.When it comes to bitcoin and crypto growth ,i would say
"So far,so good."
Let`s hope for more fresh investors coming...
Yeah i guess the government can be a pure haters in the going year and in the future but i guess thinking a technologies like bitcoin or creating a more great currency like bitcoin can be the thing that will make the bit oin go down and low its price in the market. "So far,so good."
Let`s hope for more fresh investors coming...
Though I would like to know where did you guys get your data on the future years. I thought this thread was about history.
Title says: "Years of Bitcoin"
Haha, you can add 2025 as the year when BTC will hit $100,000 - yes I believe it is possible, and do not forget it's been mentioned here first
But it was not mentioned here first
It has been mentioned many times, here is one source:https://bitcointalksearch.org/topic/2017-05-30-bitcoin-could-hit-100000-in-10-years-1942020
I agree, it has been mentioned plenty of times before, probably even back before the hacking of Mt. Gox even occurred. Then again, at this point, bitcoins in 2017 has set record highs and breaks its highs almost every time.
Though I would like to know where did you guys get your data on the future years. I thought this thread was about history.
Haha, you can add 2025 as the year when BTC will hit $100,000 - yes I believe it is possible, and do not forget it's been mentioned here first
But it was not mentioned here first
It has been mentioned many times, here is one source:https://bitcointalksearch.org/topic/2017-05-30-bitcoin-could-hit-100000-in-10-years-1942020
Haha, you can add 2025 as the year when BTC will hit $100,000 - yes I believe it is possible, and do not forget it's been mentioned here first
2018 - First official BankCoin are launched
2019 - Governments start to regulate Open/Public Blockchains and favor PRIVATE centralized BankCoins.
2020 - Open/Public Blockchains are banned in most countries.
2021 - Open/Public Blockchains goes underground and flourish on black markets.
2022 - Ban on Open/Public Blockchains are lifted, because governments are losing tax income and votes.
2023 - Bitcoin becomes the global reserve currency.
This is how I see it playing out in the near future, because governments think they can do what they want and will only realize what they have done, once they start losing votes.
2019 - Governments start to regulate Open/Public Blockchains and favor PRIVATE centralized BankCoins.
2020 - Open/Public Blockchains are banned in most countries.
2021 - Open/Public Blockchains goes underground and flourish on black markets.
2022 - Ban on Open/Public Blockchains are lifted, because governments are losing tax income and votes.
2023 - Bitcoin becomes the global reserve currency.
This is how I see it playing out in the near future, because governments think they can do what they want and will only realize what they have done, once they start losing votes.
Its not a small mile that bitcoin has been able to cover in the short years it has been with us and at the same time the future is more than bright for it. But at a point growth will be mild and thats what I see bitcoin going to achieve going forward in which I see gradual penetration. But 2023 which is 6 years from now is what I am seeing not feasible for bitcoin to become a global currency. Countries will adopt but 6 years from now wont make the whole countries in the world ready.
Bitcoin will never become a global reserve currency, because for that to happen ALL countries have to accept it as their reserve currency... and
this will never happen. I can see a situation where Bitcoin becomes the coin that link all Alt coins together. You trade in Alt coins and take the
profits in Bitcoin or local Fiat currencies.
2018 - First official BankCoin are launched
2019 - Governments start to regulate Open/Public Blockchains and favor PRIVATE centralized BankCoins.
2020 - Open/Public Blockchains are banned in most countries.
2021 - Open/Public Blockchains goes underground and flourish on black markets.
2022 - Ban on Open/Public Blockchains are lifted, because governments are losing tax income and votes.
2023 - Bitcoin becomes the global reserve currency.
This is how I see it playing out in the near future, because governments think they can do what they want and will only realize what they have done, once they start losing votes.
2019 - Governments start to regulate Open/Public Blockchains and favor PRIVATE centralized BankCoins.
2020 - Open/Public Blockchains are banned in most countries.
2021 - Open/Public Blockchains goes underground and flourish on black markets.
2022 - Ban on Open/Public Blockchains are lifted, because governments are losing tax income and votes.
2023 - Bitcoin becomes the global reserve currency.
This is how I see it playing out in the near future, because governments think they can do what they want and will only realize what they have done, once they start losing votes.
Its not a small mile that bitcoin has been able to cover in the short years it has been with us and at the same time the future is more than bright for it. But at a point growth will be mild and thats what I see bitcoin going to achieve going forward in which I see gradual penetration. But 2023 which is 6 years from now is what I am seeing not feasible for bitcoin to become a global currency. Countries will adopt but 6 years from now wont make the whole countries in the world ready.
2018 - First official BankCoin are launched
2019 - Governments start to regulate Open/Public Blockchains and favor PRIVATE centralized BankCoins.
2020 - Open/Public Blockchains are banned in most countries.
2021 - Open/Public Blockchains goes underground and flourish on black markets.
2022 - Ban on Open/Public Blockchains are lifted, because governments are losing tax income and votes.
2023 - Bitcoin becomes the global reserve currency.
This is how I see it playing out in the near future, because governments think they can do what they want and will only realize what they have done, once they start losing votes.
2019 - Governments start to regulate Open/Public Blockchains and favor PRIVATE centralized BankCoins.
2020 - Open/Public Blockchains are banned in most countries.
2021 - Open/Public Blockchains goes underground and flourish on black markets.
2022 - Ban on Open/Public Blockchains are lifted, because governments are losing tax income and votes.
2023 - Bitcoin becomes the global reserve currency.
This is how I see it playing out in the near future, because governments think they can do what they want and will only realize what they have done, once they start losing votes.
Its not a small mile that bitcoin has been able to cover in the short years it has been with us and at the same time the future is more than bright for it. But at a point growth will be mild and thats what I see bitcoin going to achieve going forward in which I see gradual penetration. But 2023 which is 6 years from now is what I am seeing not feasible for bitcoin to become a global currency. Countries will adopt but 6 years from now wont make the whole countries in the world ready.
[2010] bug fixing happened in the early years of release. the 2010 only had 1 major issue which was caught and fixed. so i wouldn't call 2010 as the bug fixing year.
[2011] the growth started at least in 2011 and everyone started talking about it slowly then it became much bigger in 2012
[2014] better add the term "hack of exchanges" to avoid confusion. there has never been hack of bitcoin itself.
[2016] + mining power huge rise
[2017] + first big country to accept bitcoin officially as a legal way of payment (Japan), and then other countries to follow in its footsteps. + addition of bitcoin to largest Forex broken in the world.
the rest looks good to me. also you can take a look at this link, it has very good information in it: https://en.wikipedia.org/wiki/History_of_bitcoin
also a cool website with lots of cool information: http://historyofbitcoin.org/
[2011] the growth started at least in 2011 and everyone started talking about it slowly then it became much bigger in 2012
[2014] better add the term "hack of exchanges" to avoid confusion. there has never been hack of bitcoin itself.
[2016] + mining power huge rise
[2017] + first big country to accept bitcoin officially as a legal way of payment (Japan), and then other countries to follow in its footsteps. + addition of bitcoin to largest Forex broken in the world.
the rest looks good to me. also you can take a look at this link, it has very good information in it: https://en.wikipedia.org/wiki/History_of_bitcoin
also a cool website with lots of cool information: http://historyofbitcoin.org/
Thanks, made some corrections.
Interesting perspective and I would say very probably development for the future, except that is not very likely that Bitcoin will be accepted as mainstream currency, particulary not as the only one. Governments and financial institutions are still very stiff for step like this. But no one can't say for sure what future brings so I'm looking forward.
Just to be clear, I specifically wrote "In some countries" for mainstream and also for the banking part. Some stuff will probably never happen world wide because other systems already work fine. In Sweden for example we have "Swish" which is a peer-to-peer mobile payment service (agreed between all big banks) for sending money to both individuals and companies via phone number. There is only few seconds of delay and no charge what so ever, only a small fee if you're receiving as a company ($0.2 per transaction). Really useful for small merchants selling strawberries or whatever who can't afford supporting credit cards. There is really no use of Bitcoin here yet for regular purchases and transfers.
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