Bitcoin Forum

Hi guys do you really think cryptocurrency, blockchain technology is in its developing, and adopting stage? Do you think too that in the future internet will be based in blockchain and cryptocurrency will be use in our daily life?

First off all blockhain technology can function without the need for cryptocurrency in the first place and today you even have some cryptocurrencies that don't implement blockchain but are working with DAG diagrams. As we can see some companies are looking ti implement blockchain and maybe we will see even governments as with it you can track any changes and still keep it decentralized, the only problem is that most of these will be private blockchains.

For crypto currency to be used in daily life a lot of time has to pass simply because whole infrastructure has to change and you will still have some people that will prefer national currency over crypto.

The blockchain is about distributed ledger system that works for peer to peer transaction. As far as i can understand about the blockchain is about the automation.
Internet will not be based on the crypto because there is a lot of various ideas. I meant blockchain try to created such a decentralized system to replace the old economic system.

2017 is only the beginning stage of cryptocurrency, so 2018 is likely to be a better year for cryptocurrency. Invest in your encrypted currency for a long time.

Cryptocurrency is at start stage, for sure. If you ask friends and relatives , or just people around you, how many will tell you that they do know what "token" is? Im sure less than 5-10% of them tell you "yes, i know".  It  will take at least several years when cryptocurrency will more popular.

It is indeed on its infant stage, but unfortunately it is not being received kindly by the government and different financial institution such as the bank. They look at crypto currency as a threat to them and wants to destroy it during its infant stage.

It undoubtedly is in the beginning stages because adoption is under 1% still. Most people barely know what Bitcoin is and average people have zero idea what Ethereum is about. That said I am a firm believer this is our future and it will rapidly transform every industry on this planet. I can only hope cryptocurrency payment adoption is 5 years away, but I feel like we may have to wait up to 10 to get fully adopted everywhere which isn't bad either.

Yeah I do think so that blockchain and the depended crypto currencies are all in infancy stage. If they wouldn't have been so then I'm sure that we would have been using them in the real life too. Yes, because there are many missing slices in the pie that we still need to develop which depicts that we are in the infancy stage.

About the blockchain replacing the internet, I don't think that the protocol which was made for the blockchain really contains the info about such networking. I think it will stick to transaction purpose and transmission of digital data with small sizes only.

You can not say whole internet but yes most of the services may become decentralised and thus will be powered by blockchain technology.

I strongly believe that cryptocurrencies have a bright future in every industry. We are still in an early phase not many people actually own cryptocurrencies,but many have heard of them. It is a matter of time until all these great projects that are funded through ICOs start implementing their tokens and ideas. Be safe and DYOR!

I believe blockchain technology is in its infancy stage, lots of good stuff will be based on it.
As to cryptocurrency, it will continues to involve. I am not sure if the most influential cryptocurrency has come into being.

I believe its infancy stage was around 2-3 years ago. Its now pretty much gone mainstream specially with all the media coverage and FUD its been receiving. But its generally still early. Definitely a good potential upside in the future.

Yes, I think digital currency are our future, but for now just at the primary stage, so need to be further solved the problem of throughput, I want to choose the digital currency  is coming,

The technology will be around forever now that the cat is out of the bag.  Big companies and financial institutions are trying to figure out how best to cope with it, but I think in the long run they will all adopt it in some form.  Right now many are trying to dismiss it, but they will come around.

It is difficult to give an unambiguous answer to this question, since much depends not on us but on the governments of countries that are considering such an opportunity. Everything is possible that soon it will be at the level of the national currency, but it is still too early to talk about it because of its imperfection.

i believe that bitcoin is indeed in its early stages of development and adoption, which you can call the "infancy stage".

but unfortunately the altcoins are in a very terrible stage, it is in a pre maturity stage or pre infancy if you want. and right now they are not taken seriously either by developers or anyone else. the technology is serious though and that is why you see everyone only is excited about their technology not the coins.

Blockchain technology which is the underlying technology of cryptocurrency is still in developing stage, however the use of cryptocurrency in the future is not certain, but blockchain will be more adopted as time goes on.

We are in both a developing and adopting phase at this moment.

There are just so many companies that are developing solutions in this area and each day we are hearing of some new concept or ideas that will change the world.

And at the same time, we are seeing a slow and steady rise in the application of cryptos in many areas of our world.

But this development and adoption phase will not be a long one, not unlike the tech which took a few years from development to bust, we are  seeing adoption growing daily and fast.

For sure, blockchain is in it's adopting stage. Only few companies implemented it in their businesses. And a lot of companies are planning to do this.

I think that the crypto-currencies are in the embryo stage. This is just the beginning. In the future, everything will be connected with blockchain and cryptography.

I agree with you, this year is the beginning of the development of bitcoin and altcoin,
this is the same as the internet, over time will become a big!

We can say so because a lot of projects were created in 2017, in 2016 there were not as many projects like today, so in terms of blockchain technology it is still early.

certainly and surely, blockchain and cryptocurrency will be used in everyday life because of the sophistication that many technologies have already realized in real life. transactions using digital currency, weather forecaster tecnology and other . they are from blockchain technology.

i belive that blackchain and cryptocurrency is on stable stage right now. 2017 is just a start of some people entering the crypto world, and still learning little by little everyday.

Yes, it is. Cryptocurrency is a highly speculative asset because the technologies are something news, and also it offers a decentralized economics. So, it required many trials and errors before it can be applied widely in the current worlds.

I'm sure in the future when many people already boringly well-understood cryptocurrency as stable financial assets many people will utilize all the benefits that the blockchain technologies offer.

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If we are talking about the future,not the next few years but in the next decades surely these cryptocurrencies could replace the cash and the blockchain technology would revolutionize the banking system if any only if those countries will adopt these cryptocurrencies to be a currency because if there will be no country that accepts it how would our community will survive?

I think blockchain is the Internet 2.0. I think that a system in which there is no distrust and the human factor is a future that will come sooner than many think.

I totally agree with you cryptocurrencies are still at their developmental stage and at that so many technologies are being put in place to bring to the realisations of cryptocurrencies and digital currencies becomes the future of the world financial system.

Yes of course there is a lot of room for the cryptocurrency to grow,we are still in the early stage because not more than 1% of the total marketcap of gold has been achieve by the cryptocurrency total marketcap that is why most of the people isnt yet involved with this market,so if we can atleast achieve that 1% it will be much different because 1BTC could be worth as much as $100k each.

Its in the begining stage and it will take long time to get adopted to big masses but i still feel it will be huge in 5-10 years

There is no doubt about thatn cryptocurrency could and will be used in our lives as a payment method, the reson why it is still not being widly used is because it is still somthing new, and people are still not sure wethere they should invest in it or not, because it is not a solid thing and it could go down at any time, as for the blockchain technology it is somthing that i hear is being expermentied with, in many sectors not in just currency, and i am sure with further developmment we will see it as a big thing in the future.

Yes it is,gold market cap is still more than x1000 than the total maretcap of cryptocurrencies which makes our community too small,potentials to grow would be bigger when most of the countries will adopt cryptocurrencies and the blockchain technology which is really possible we have already seen this to some countries like venezuela,russia and germany.