Bitcoin Forum

Circle unveiled itself at a bitcoin conference in 2014, vowing to take the digital currency mainstream. But like so many other startups that embraced this big idea at around the same time, its mission has changed.

In January, I met Circle CEO Jeremy Allaire for coffee in San Francisco. Even then, he was careful to paint his company not as a bitcoin operation but as an outfit that would help people easily trade good old-fashioned dollars with friends and family via a new smartphone app. And now, as it announced yesterday, Circle will no longer allow customers to buy and sell bitcoin. "READ MORE FROM LINK BELOW"

News Source: https://www.wired.com/2016/12/future-bitcoin-not-digital-currency/

What do you guys think ? I certainly think bitcoin will become the digital currency in future and this article is BS. However, I'm no bitcoin expert. What do you guys think about this ? Will it become the digital currency in future ?

There is no doubt that bitcoin will be the digital currency of future and it has already been accepted by big merchants nothing to worry about. Also i think circle stop supporting bitcoin buy/sell to start their own centralized payment gateway like paypal to make more profit from heavy transaction fees and all types of hidden fees which they can't make with bitcoin.

Bitcoin evolved as a payment processor which gradually got acceptance as a good investment and the best digital currency. The problem with circle is that they might be making plan to generate their own digital currency to compete with other digital currencies, so might stopped buying and selling bitcoin.

Bitcoin is one of biggest online digital currency in future for sure many major countries are supporting digital currency, and cashless transaction. Recently India, Venezuela country government bans their higher notes and they are allowing their people to do cashless transaction. Every day digital currency is flooding around the globe. In coming day bitcoin will become most value digital asset in entire world.

all these types of negative news and all these FUD always have some traces of truth inside them, and that is why they usually seem appealing and sometimes even work as an FUD to make price unstable.

in case of Circle CEO and his nonsense that he has been saying, you should look at why he is saying it. and I believe one of the main reasons for it is the fact that his business has failed and he is trying to blame everything there is out there to divert the finger that is pointing at him for his failure.

i am sure that bitcoin is digital currency for now and for future because bitcoin can reach all of country and all people without any differences and all of us can use bitcoin with same satoshi. i know that in out there, many people will not believe about this and suspect that bitcoin is only use for illegal activity, but they don't read from the right source so they give this statement and i think let the time will give the answer.

u are actually right that bitcoin will be the future digital currency.and it has been started to be accepted in it as worldwide .well dont worry ,bitcoin is the future.

In my opinion this article that you have read OP is BS. maybe circle just stops accepting bitcoin because the owner have not believed bitcoin very much and more likely that they didn't like it's very volatile price. Maybe they also didn't like sometimes the way how bitcoin is used sometimes, since others use it for illegal purposes frequently. There is also a possibility that they will create their own digital currrency but it is only a possibility.

well we can't be too sure about the future, if everything work smoothly, bitcoin will be able to become digital currency, but there is still so many challenges that bitcoin need to face, but for me i still believe in the future bitcoin will become digital currency, and if everything work smoothly bitcoin will become investment tools and also as a currency

I thought it was a digital currency all along.
Bitcoin is often called the first cryptocurrency, although prior systems existed and it is more correctly described as the first decentralized digital currency.
Circle changing their goal has nothing to do with bitcoin's future. It's a digital currency and a store of value, even if it doesn't become widely accepted as a currency and remain only the latter, it can reach mainstream and succeed. I think this is very probable.

Bitcoin is always a digital currency since it was created. At present, Bitcoin is still need many support from people and investors to make it become even a greater currency in the future. The Bitcoin adoption is one of the most important mission for Bitcoin right now. There are still many countries discourage citizen from using it and it is really annoying. I hope that in the future, many more people will realize the benefits of Bitcoin and start using it as a primary currency.

This article means nothing, I spent 10 minutes for nothing. They can continue to drink coffee and wonder about what can happen in the future, its their right. Future of bitcoin is being made right now, and for almost a year in bitcoin I see progress, maybe that progress is not fast as some people expect to be, but we will get there.
Bitcoin is digital currency, and it can be used much more in the future, mass adoption can happen and we just need to wait for it.

Well it might happen that slme countries might ban bitcoins to some extend .well most of people whole over the globe would be using bitcoins as their digital crpytocurrency .

the future of bitcoin is a a digital currency and there is not doubt about this, as in future people will mostly use online trading therefore bitcoin will be their first option, and they will use it as digital currency throughout the world.

i think it will be digital currency in anytime now we have our new president i think there will be a revolution where we can use bitcoin as digital currency and use it on our everyday life because it is so powerful and one more thing in bitcoin we can send or received bitcoin anonymously that's what i like about bitcoin and also they're pushing it to other company thats why other companies accepting bitcoin as a payment.

This is kind of an old thread now, but I'm still very disappointed that Circle did this.  Buying bitcoin was as easy as I've ever seen.  I signed up at Kraken, and they're so full of shit as far as buying bitcoin with USD it's ridiculous, and I'm not doing it with them. 

Circle is entitled to their opinion about anything, just as we all are, but it really sucks that they abandoned bitcoin.  I have no use for them now.  If I want to send fiat to someone, PayPal is just as easy and I've been using them for a lot longer than Circle.   :'(

I can see other Bitcoin based exchanges and payment processors either closing or doing a pivot just like Circle did. There is not enough money in the whole Bitcoin economy to have this many exchanges that we have right now. Some of them will have no choice but to close down. The most potent niche in the Bitcoin market right now is the dark markets. The growth potential over there is so big it will become like a gold rush for drug vendors.

Yeah they are some Bitcoin users using Bitcoin to buy drugs in the Dark Market and they use Bitcoin to scam peoples.

I am pretty sure bitcoin will become future digital currency, the enthusiatic of bitcoin user is very high, and the transaction flow of this coin is really high, and in the future there will be more user used bitcoin as currency, and beside of that bitcoin also can become investment, so there will be more and more people used bitcoin

It is only Circle's own problem not to allow their customers buying and selling Bitcoin, it is not Bitcoin's problem. It just means that Circle is not going to succeed. Other companies will find ways to take over Circle's current service.

The future of digital currency will to unify, appear a super strong situation.
My country's  banks at the beginning of this year had held a seminar on digital currency, the central bank issued digital currency has been put on the agenda. Some of the world's banks and technology companies are also developing digital currency, the Bank of England plans to issue digital currency. All this means that the digital currency is getting closer and closer to our real life. However, the government led the issue of digital currency may be in circulation in the future, perhaps bitcoin can only exist as an asset class in my country.

Bitcoin will be the future digital currency. Look at the market cap. Its really huge.
Bitcoin is really trending right now. Its on the news and i've watched some of it. Circle is loser. I dont care about them. They said that bitcoin will not be remember after 5 years. We'll see that after 5 years. As i predict circle wont last after 5 years.

I may not agree with this opinion. Well, it can be said that the current bitcoin digital currency is best, even bitcoin able to compete with PayPal, and I'm sure a lot of people are recognizing it. bitcoin development can also be said to be very fast. So, sooner or later, all internet users, will try to save bitcoin, and will use it as a digital currency.

Yes, ofcourse. It must become a digital currency in the future. many big companies in the world have accepted bitcoin as payment method.
nearly people over the world are using all smart devices in their life so that is the way to use bitcoin as a digital currency for payment.

What they're talking about, The bitcoin blockchain helps drive Circle Pay, the app that lets you trade dollars with friends and family. And the company just unveiled a new open source project called Spark that seeks to use the blockchain and similar distributed ledgers as a means of moving all sorts of currencies, something so many others are working on
Seems like a propaganda to get rid of bitcoin from blockchain technology and take the distributed ledger for them.
I agree that circle pay should stop trade bitcoin and just create their own technology and cryptocurrency to compete with bitcoin.

Well I agree. Bitcoin has all the potential to be the main digital currency in the future. With the features that bitcoin has, I think it would be fiat's digital equivalent when it comes to use. Even now, the surge of bitcoin's price indicates that more and more people are already using it and given a couple of more years, bitcoin for me would be the primary digital currency that most people use.

Every one have the right to his or her own view based on the assumption and interpetation he holds to be valid but that also does not mean we have to buy the idea or force that same idea on us... In as much as they did not believe that Bitcoin's future is not as digital currency, no one can still erase the fact that, that function is one of those things that brings the current popularity being enjoyed today because to majority especially non-techie guys every other thing, aside digital currency, is simply "A CODE OR SOFTWARE"...

That is reality. There is a lot of "legitimate" Bitcoin based businesses that are out there to scam the people too. There are cloud mining sites, some of the altcoin exchanges and many more just waiting to do their own exit scams. The foundations of all of Bitcoin is based on scams which created and developed its own ecosystem.

Having Circle leaving behind and moving forward with PayPal and paymaya has no effect on bitcoin economy. Even though they left, bitcoin has again improve and strengthen itself with its price rising up to 1000$. But the question of it becoming the digital  currency of the future is vague. Banks and government are now moving towards a fiat virtual currency. Virtual currency is the future but its not sure if it is bitcoin.

That is true, someone else will take their place and make money instead of them. Circle has made wrong business decision.
But Bitcoin is and will remain digital currency so I can't actualy see the point of this article. And Bitcoin already is future.

people now changing their attitude, they are giving preference to online shopping therefore their first priority is also bitcoin as bitcoin is the world number one digital currency and will also remain in future.

Whatever Circle is having or believing, they are entitled to it. They know what they saw when they went in all for Bitcoin and now, they are saying they are leaving who am I to say No to them or castigate the position they are choosing? All I know is that they cannot remove the fact that Bitcoin serving as a digital currency contributed to a large extent to the popularity it enjoys today. No more no less.

Bitcoin basis is the currency so bitcoin would forever be seen as currency although it could also be said as investments due the value of bitcoin are fluctuate.

In future even the fiat currencies are going to change in to digital currencies, as some countries are taking serious action to launch their own digital currency because of the increasing demand of online trading and shopping etc.

I think bitcoin is really becoming more stronger than its previous position and hope that in future it will remain the world number one digital currency.

I am also not agree with this statement, I think bitcoin is really created as digital currency, and in future  it will remain as digital currency and is not going to change in paper money or something else, in fact the world’s trend is also changing and now people are most do trade online that is the reason the value of bitcoin is continuously increasing.

Indeed bitcoin is truly one of the best digital currency we have today. But the problem is that there would probably be a better one that would change bitcoins and ultimately be the next digital currency that would totally pace out fiat currency. Because bitcoin might not catch up with the whole world before governments create their own cryptocurrency that they would have to replace their fiat.

I'm not sure. In fact, Bitcoin is gradually becoming popular, the future of Bitcoin is very difficult to predict, Maybe the future Bitcoin will collapse and maybe it will develop but it will remain as digital currency. We can not predict about Bitcoin in the future

that's right , the factor that make bitcoin skyrocketing it is because of a lot of transaction made.
and of course it is drive to a high demand too, people have used bictoin already as digital currency.
we cannot avoid that fact , and people really love with it.

You are correct  that whole articvle is pure FUD. CEO from Circle said that we dont use BTC anymore within 5 years...

Pathetic and disgusting turnover.

I agree with you. Bitcoin will become a global, alternative currency to US dollar and Euro. People will use it to do more transaction with each other. Every day the transactions are growing and more users are getting to the game. People are using bitcoin as a store of value which shows their confidence in bitcoin.

I dont think so that bitcoin would able to compete with the most powerful currency on the entire globe and i believe that bitcoin would remain as a digital currency only and would stay on its place.If bitcoin would be a global currency they should focus first on how to centralized it because if they cant do it then they would not recognize it for sure.

What is happening here is that middle men like Circle have found that there is no use for their services. If bitcoin takes off, people will be using bitcoin directly, so no need for an interface in the middle.

I don't understand the whole idea of this BS article https://www.wired.com/2016/12/future-bitcoin-not-digital-currency/
Well, all these years later, bitcoin is certainly not a mainstream digital currency. And Circle’s decision to stop operating as a bitcoin exchange is just the latest sign that it won’t become one anytime soon.
All this 8 years, bitcoin has been the best and mainstream digital currency compare to other altcoins obviously.
Yeah, better for them to quit interfere bitcoin world and create their own cryptocurrency.
What makes bitcoin moving forward because it is digital, send/receive through online network.
If bitcoin in the future create not as digital currency then it will be deterioration of bitcoin development.

currency refers to a generally accepted form of
money, including coins and paper notes, which is issued by a government and circulated within an economy.

actually bitcoin is form of money, we can buy things by bitcoin, and it is issued by government and circulated within economy of a country like Japan. so according to the definition, bitcoin is a currency, even it has another function.

Yes, the property of investment opportunity will not last for ever. Because the demand of bitcoin will get saturated according to the world population regardless of its  limited supply. But this will happen only after 200 years. So, as of now bitcoin will be serving us in both the functionalities.

Maybe in future itself, bitcoin will be identified as only currency as the price appreciations will not be in significant levels at any time like gold is doing right now.

That's is not a circle company purpose to be a bitcoin exchange in first place, it's mentioned on the article, so clearly if they just try bitcoin, not really want to be a real bitcoin exchange, I think the purpose is to see how people interested to digital currency.

That will not affect to other company who have a serious run bitcoin business. No doubt bitcoin will be a future digital currency.

Yes true in the future bitcoin will still be a digital currency and will not change. Because the future of digital currency will become a trend, and it will start from the bitcoin. I think this is the purpose of establishing bitcoin to make people interested in the future with digital currency. I believe bitcoin still will be digital currency and will continue to grow.

I doubt bitcoin will just suddenly die, because people stopped using it. The price is rising along with the popularity, I think btc is becoming only stronger. And being digital is in the essence of bitcoin. I heard about the ideas of making btc paper money. I think its crazy, because being immaterial is one of the btc advantages above the fiat.

the better a technology it will lead towards digital technology. bitcoin has entered the digital world, and I think that is where the future of bitcoin. the times, it will start to turn towards digital and towards more practical. I am very sure, if bitcoin is used in the real world, I'm sure it will also be used in digital form, such as an atm card.

i also do not think so, to me i think the only successful online currency is bitcoin and will continue for ever as most of the people are still giving preference to bitcoin and therefore it will remain the world number one currency.