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Topic: Your thoughts about Bitcoin in years to come - page 3. (Read 559 times)

legendary
Activity: 2254
Merit: 1377
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What will life after the dump of fiat looks like?
What is your prospect about Bitcoin in the next century?
No one can tell you exactly what will happened in the future but I could say that with the modern upgrade now blockchain and especially bitcoin will help a lot of sector in the long run. There are plenty of moneys lurking the interner and most of them flow into cryptocurrency. So in my opinion bitcoin in the next century would be more advance and will spread fast like wild fire.
legendary
Activity: 2184
Merit: 1302
I may not be correct now but I know some day every nations of the world will dump the paper money and go for something better like the Blockchain world in running business  and everything.
I do not quite agree with you, I mean I do not think that countries will completely do away with paper money, and then if governments want to popularize digital currencies in their shores, it's definitely not going to be Bitcoin cause they can't control it, it is decentralized, they can't print it and they do not generally like it, they will rather 'compel' people to make use of their CBDC's, as we can see quite a lot of countries are already making plans to launch CBDC's, that's the digital currency the government would prefer, one that is centralized and controlled by them.
What will life after the dump of fiat looks like?
What is your prospect about Bitcoin in the next century?
Talking about the "dump of Fiat", I personally do not believe that will happen and if it does it'll be replaced with CBDC, but we'll have to wait and see. I don't know what will happen with Bitcoin in the next century, but what I know is that I expect Bitcoin to get to mainstream adoption sometime in the future and I believe that would be the best time to be a Bitcoin enthusiast.
hero member
Activity: 3136
Merit: 591
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What will life after the dump of fiat looks like?
I'm also this kind of believer about bitcoin and blockchain before but we have to realize that not every country is set to adopt bitcoin as a replacement to the usual money system that we have.

What is your prospect about Bitcoin in the next century?
If by chance I'm still alive by that time. It's really unknown, technology is very quick in upgrading and just like how bitcoin has taken a lot of attention from different masses. There can be another the same thing that might emerge but for now, it's sure that bitcoin is here to stay.
legendary
Activity: 3024
Merit: 2148
I am new to the Bitcoin but I am having a conviction that Bitcoin is going to rule the world very soon seeing the may people are approaching Bitcoin every single day to invest in it. I may not be correct now but I know some day every nations of the world will dump the paper money and go for something better like the Blockchain world in running business  and everything.

I joined this community 5 years ago and people back then were telling that in a few years the whole world will abandon fiat money and banks and will switch to Bitcoin. But in all these years there was no major progress in Bitcoin payments. You still very rarely see the "Bitcoin accepted here" banner on websites, almost no major company supports it, Steam stopped accepting it when the fees got high for the first time.

You are right that people will dump paper money, because now everyone has a payment app or can pay with their smartphone, but Bitcoin has nothing to do with it. Just because the world is moving towards digital money doesn't mean it's moving closer to Bitcoin.
legendary
Activity: 1288
Merit: 1081
Goodnight, o_e_l_e_o 🌹
Every fiat is a legal tender.
Every fiat is a national identity identifier.
Every fiat is a symbol of culture.
The power of every fiat indirectly says the power of the fiat owner.
Every fiat is an economic driver.
Every fiat is controlled by the government.
No government will trust anyone other than herself to make decisions about her currency.

Obsolescence of paper monies will happen, but the value of such fiat will be present in the equivalent digital token.
Then bitcoin will never exist alone, it will augment fiat, vice versa.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
I am new to the Bitcoin but I am having a conviction that Bitcoin is going to rule the world very soon seeing the may people are approaching Bitcoin every single day to invest in it. I may not be correct now but I know some day every nations of the world will dump the paper money and go for something better like the Blockchain world in running business  and everything.

Unless we face so really new and unpredictable event, this is very unlikely.

All fiat money losing their value would literally be a financial collapse and a total breakdown of the world as we know.  A total apocalypse.

The most likely scenario is that bitcoin becomes a digital gold and/ or a very easy to use and widely accepted payment method.

Bitcoin was not designed to destroy fiat money, but to give us all an alternative.

Additionally,  governments and central banks want to control monetary emissions to make public policies work out. They will not just dump their fiat and go all in btc.
hero member
Activity: 1358
Merit: 851
I know some day every nations of the world will dump the paper money and go for something better like the Blockchain world in running business  and everything.
It's very possible that in the near future, no fiat money will exist in our hand. Everyone will use cryptocurrency but what's that exactly? I mean which one will be used? Well, every nation won't dump fiat money. Govt will introduce centralized govt currency which will have no much advantage for people supporting bitcoin. The model will more likely be USDT or other stablecoin peg to fiat money.
member
Activity: 686
Merit: 19
I am new to the Bitcoin but I am having a conviction that Bitcoin is going to rule the world very soon seeing the may people are approaching Bitcoin every single day to invest in it. I may not be correct now but I know some day every nations of the world will dump the paper money and go for something better like the Blockchain world in running business  and everything.

Bitcoin and the Blockchain interface is changing the world entirely into a better cycle that will reduce stress we do undergo in bank when we need our money. The library, market, store, Fast food, transactions are now turning into digital which will help the Blockchain and the Bitcoin market to spike more than what we are seeing now.

What will life after the dump of fiat looks like?
What is your prospect about Bitcoin in the next century?


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