Bitcoin Forum

Hi to everyone who is interested in BTC's evolution!

How do you see the future of BitCoin Network?

As you too can see, actually, the Bitcoin network has overgone anything we first expected from it and still is getting bigger and bigger.
By the change of Bitcoin network there are changes in our views too how we see it.

For instance, we used, before, to mine ourself with our own server BTC, but today we hardly could keep this way, Now
most of the miners are in the cloud (Professional servers with integrated GUI commands on navigator) or pools with prelevated fees.

The Bitcoin is getting accepted to more places in many countries. Its integration is in progress.

Do you think one of theses days we could use the BTC as a main form of payment ? Or could it be we will be able to buy objects outside on the metro, shops, snacks, etc.. ?

If anyone have great ideas, don't hesitate to mention ! We're talking about Developement ! : - )

bitcoin network need to rise the limit of the transaction MB(block size), to the 20mb proposed by the dev, otherwise adoption will be limited , we still need many soft/hard fork before bitcoin will see its true potential

small merchants still need to adapt to this new tech, they will do it, when they will see that big merchants begin to use it more often...right now one problem with big merchants is that they still offer fiat and paypal as method of payment, this does not encourage people to use bitcoin of course, they need to add some bonus or advantage to whom who will use bitcoin, otherwise the adoption will stuck there, with bitcoin remaining only like an alternative...

Possible features:
- What about wallets that can convert coins, from bitcoin to other coins and vice versa. An exchange integrated in a bitcoin wallet?
- Do escrow payments directly from the wallet, without having to search an escrow yourself.  ??? :)
- Make payments directly from your watch using these computer watches (watches that run Android or iPhone).
- Shops integrated in wallet (as plugin?). You can select products

One of the examples that I can see is that imagine if one day when it has gone mainstream is that you don't even need to convert to different currencies when travelling abroad. It means it can be worldwide global currency. In the financial system, it will offer fast near instant clearing and settlement of international payments without even the risk of exchange rate. You can visualize how all that works out to realize the benefit it brings

Don't you see some large corportations are accepting bitcoin payment now like Dell, Microsoft etc? When some bank are exploring the bitcoin to see what benefits bitcoin will bring to them. When the time comes, bank will accept bitcoin as well.

I don't think bitcoin will ever become a global currency...for now, it is a big social experiment which governments or corporations will begin to model as BTC plays out

It could replace fiat if the price is stable. However.. only if it replace fiat.. it will become stable. I foreseen many physical shops with 'Accept Bitcoin' in the next 20 years or so.

yes theres already some atm and usual sites that aceppt but its a altternative coin to other fiat like in only 5% of sites and shops its not like its going to be implemente in the next 3 years it will talke time and culture of people of hte net to use and besides its decentrized and anonimouse so banks are a stand out block thing

It all comes down to the number of people using BTC. Current numbers are anywhere between 500k and 2-3 million. Probably closer to the first figure. If we do manage to reach 10 mill some time in the future, lots of big guys ll become suddenly interested in crypto. It s basically a snowball effect, a smaller snowball keeps rolling down the hill and creating a larger one.

20mb block size would be very much welcome to make bitcoin more future proof but when will this be implemented? don't hear much about it anymore.

maybe this will help you:

https://www.youtube.com/watch?v=oRG0nzSUpSU

How can they do that exactly? Surely the popularity of torrents and that torrent sites are even still going shows that they are powerless to stop these kind of decentralized systems.

There is no reason for most corporations to suppress Bitcoin. Banks on the other hand... That's a different story.

There is still a debate going on. A lot of people want it done as soon as possible to not make it evolve into a bigger problem, but some think it's not necessary. Satoshi predict that technology advancements would cater for 1MB blocksize being enough.

Altough the price is stable I think bitcoin can't change the fiat because no one can control it, higher or lower it depends on us that do the trading at most. Its true that now many people accept bitcoin but in the next 20 years I dont think people will do that again, but this is just my assumption. It still being polemic between bitcoin and many things out there

Bitcoin has a long way to go. Its still in its infancy. There is going to have to be a big change in society an attitude toward technology before it truly gets a foothold.

Bitcoin being stable or not, it will never replace fiat currencies. And there is no need for that. Bitcoin is capable enough to succeed without replacing fiat currency.

Stability will come, but it will take a serious amount of years. I really think if Bitcoin is gaining interest from new wealthy investors it will cause another period of heavy volatility.

stop talking.
convert all fiat money to bitcoin.

and then, we can talk ...

Exactly, any time another big person comes in the value of bitcoin could vary alot. We need to get to the point where large volumes(in usd) can enter and exit without the volatility that comes with it.

Yes its true that bitcoin never replace fiat currencies but why bitcoin is capable to succeed without replacing currency? Bitcoin need to be stable in order to be succeed

maybe they cannot destroy it, but they can certainly limit it, to a point where it will become useless, or controlling it indirectly, by forcing the miner(in case of bitcoin) to do a 51% attack, simply by paying them more(slightly more) than what they earn with their gear

stability comes with further adoption. The more buyer and sellers there are, the harder it will be to change price.