Bitcoin Forum

It is already possible to send bitcoins peer-to-peer. You can send money to friends and relatives in the form of bitcoins but an exchange will always be needed to buy and sell bitcoins because it ensures trust between two parties.

So I'm just wondering if bitcoin or cryptocurrency should be the future form of our money and it will continue to the future because it has a threat to the banks or it will be stopped again by our own governments of the world just like they stopped the developement of electric cars back when it was first introduced in the market because it was a threat for the oil companies?

As for the title, Direct peer-to-peer transactions are possible. And a third party isn't always needed to sell Bitcoin. There are decentralized exchanges and in personal Local Bitcoin trades.


Bitcoin is a threat and it always has been a threat to them. They already know this. The thing is, they cant stop Bitcoin. Because of its decentralized nature, it is extremely difficult to stop it. Even if they make laws against it, it would be extremely difficult to enforce those laws due to the anonymous and peer to peer nature of the network. Bitcoin truly is an elegant and beautiful solution/alternative to the fiat system.

Well,, maybe it possible to those nation will truly acceptable of decentralized money,to replace their own traditional money in the future ,,but now its hard to say that ,peer to peer transaction would be impossible to other nation (while bitcoin were banned on this nation),maybe it need to be enough time and lawful agreement on that case,while some nation who will try to go and oppose it. It is already recognized in a few countries due to bitcoin is very profitable, and it keeps getting more popular.

I think for now peer to peer bitcoin transactions are often done by many people, especially ordinary people. For example, when people buy bitcoin through ATM machines using paper money and then use their bitcoin to pay for food or coffee to the merchant it can be said that people have been doing peer to peer bitcoin transactions.

I agree. That's why bitcoin is always the topic in medias such as exploiting its negative sides, its risks, what would be the future if bitcoin keeps up to the pace, and the like. However, no one knows what will happen in the future.

Governments can only intervene when there is Fiat involved and that is why they are targeting the on ramp and off ramp at exchanges with their KYC/AML regulations. People will always be able to sell and buy bitcoins on a face to face basis, but centralized exchanges just broaden the available buyer and sellers market. 

The decentralized exchanges has also made it more difficult for governments to stop people from trading bitcoins.  ;D The technology will always stay one or two steps in front of government actions.  ::)

Of course direct peer to peer exchanges are possible. In fact, I would trust some of the members here more than I would trust most of the exchanges. :)

But crypto currency field is decentralized so no one can control it if it tries to kill the banks and fiat money because it is all in the hands of the crypto currency users,if everyone using the crypto currencies in the future then the peer to peer transaction will become possible and that is what the main reason for the invention of the crypto currencies then we can feel the freedom of using our money on our own.

Yes, and it is implemented by bitcoin and blockchain way back. That’s why people are more aware and want to change our old financial systems specifically in trading. The peer-to-peer transactions in bitcoin is already there with blockchain technology. So it is possible.

People use exchanges because they need to sell their earned Bitcoins to get fiat for spending or to buy Bitcoins with fiat that they earn. So, a more correct question would be "when will we be able to go 100% Bitcoin"? Right now it's not realistic to live on Bitcoin only, you'd have to take long trips to even buy all the needed groceries, and sometimes it would be just impossible to buy something with BTC.

In the future Bitcoin adoption should be higher, so in some parts of the world people will have a chance to use only it, but I personally don't think that it will be like that globally, especially if some countries will keep restricting its use.

Yes, I think BTC can be likened to gold, both are something that can not be obtained easily, only btc it is more risky.

Cryptocurrency has always been a threat to the usual currency and this is the reason that banks and governments of some countries are against it. They are trying to suppress crypto by imposing "bans" on it. But I think this will not help much if people decides to accept it.

not to mention the multi signature capabilities of bitcoin which has opened up a lot of possibilities including a more trustworthy escrow with 2 of 3 multisigs. or even a 2 of 2 multi sig between the seller and buyer can be more secure. all of which makes peer to peer exchange not only possible but also safer.

Isn't it already happening with trusted members in marketplace section here in this forum(without escrow)?
IMO they can use bitcoin and blockchain tech to their own advantage and they don't need to stop it in order to adopt its tech. Direct peer-to-peer transactions worldwide would be possible in the future thanks to bitcoin, but there will always be someone who prefers transactions mediated by a third party rather than p2p, and for this reason, I think banks and crypto can coexist.

For faster transactions, P2P is a necessity. But i believe that there is still much time for that for security reasons. Hope to see peer to peer direct transactions feasibility one day.

P2P transacion is possible even there is a lot of projects are developing platforms for P2P transactions

Do not compare Bitcoin with an electric car case...! an Electric car is a centralized project and everything centralized can easily be killed by the government through regulation while Bitcoin is a decentralized currency that is not controlled by any company or institution

With my own little knowledge of crypto they can use bitcoin and blockchain tech to their own advantage and they don't need to stop it in order to adopt its tech. Direct peer-to-peer transactions worldwide would be possible in the future with the help of bitcoin, but there will always be someone who prefers transactions mediated by a third party rather than p2p, and for this reason, coexistence of banks and crypto will be useful.

it's starting to be regulated, but generally speaking the ban is not really threat. I'm sure that the only real competitor of cryptocurrencies are crypticurrencies themselves.

Majority has enjoyed the bitcoin peer to peer transaction, we saw how smooth and easy it was, I think people will like to continue enjoying such transaction that avoids third party. The community is growing and it will keep growing. There is no need to panic because Bitcoin and cryptocurrency is here to stay.

https://bisq.network/

You cannot stop progress. Electric cars are simply uncompetitive with the regular ones so far (let's be honest here). If they were real competition, no oil cartel or whatever would be able to stop them. Regarding cryptocurrencies, we already have "direct" peer-to-peer transactions (for the record, peer-to-peer transactions are direct by definition). All we need is a universal acceptance of cryptocurrencies (at least, major ones like Bitcoin) as a means of payment. Then you would not need to convert your coins into fiat to buy a cup of tea, for example. In that case exchanges will be there only for speculators and their likes.

yes I'm agree with this that maybe peer to peer transaction will happen in the future and second that we can see that market that there are market that decentralized so we not using 3rd party market, but we can directly send to the other address directly

Yes it will be possible in the near future, the technology has just been introduced and its in its early stages, there is still large room for development and im certain that with time a lot of changes are going to come trough in the platform. With lots of dedication and consistency, this technology will take over the world in the coming years

From my perspective i think peer to peer transaction will occur in near future. We also see some peoples are doing this like they purchase bitcoin and paying the money by using ATM and they also purchase their glossary and necessary products by using bitcoin.

The answer will be yes but it will take few time and then we can make ore transaction direct and no third party will be needed.

That's the main vision of bitcoin is to make the worlds Per to per transaction but there's so many obstacles that needed to overcome by bitcoin so we just wait for  the good development because everyday the price of bitcoin become lower of course many people are disappointed and discourage about their investment it was sad and always in a difficult situation.   

very likely because in the future blockchain will be widely used

Based on this it may be possible because the world is moving forward the tech based on this crypto currency make our life more easy also this will helpful for us by the way this is possible in btc based on this types of transaction can possible.

Yes this is obviously possible to make a transaction direct from peer to peer. It is already can be done as you mentioned. But to make a sell or buy there should be a transaction to authenticate the process or assuring the transparency.

Obviously it can be possible, even it has been possible already to fo direct peer to peer transactions. Money can be sent from one party to another in the form of bitcoin.

Well, Bitcoin is always being a threat to the local banks. Cryptocurrency runs on a decentralized system. They provide more facilities and the local banks are always afraid that someday the may replace them cryptocurrency.

I think Direct peer-to-peer transactions can be possible. People will enjoy this transaction well so that the third party is edited. I believe security will take some time to happen, but it will happen that it is real. It is already recognized in a few countries due to bitcoin is very profitable, and it keeps getting more popular.

There are millions of advantages of bitcoin and of which there is peer to peer transactions that enables customers to have very safe and confidential transactions and I even don’t think that the future of bitcoin is in risk or not because already countries has started using bitcoin and there are countries who has legalised crypto currency. Though no one can predict the future but I can definitely say that our future with bitcoin is confirmed.

if more and more bitcoins are received and crypto makes it easier for the public to work on this transaction it will happen because if it is any easier why we are even wearing a more rumist like conventional currency and this could be a catastrophe for banks and conventional currencies.

People seem to be massively exaggerating the fear that banks allegedly feel toward Bitcoin and friends. Banks had been there for a couple hundred years before fiat ran wild and governments went nuts with printing money. Banks will have to adapt, and indeed some of them will fail to do so. But it is going to happen anyway as it happens every day today without cryptocurrencies around. Even the biggest banks are not safe as the history of Lehman Brothers proves without doubt. Before it filed for bankruptcy in 2008, it was the fourth-largest investment bank in the United States. And note, its bankruptcy had nothing to do with cryptocurrencies at all.

I can say that anything is possible as long as there is a technological need and the equipment to do so. I can see that with the cryptocurrency there is a lot of advancement in our infrastructure and equipments before it can truly advance. But I still do think that given time, given the growth required for it to blossom that it can develop into something more. When it grows it can lead to a much better future and this is provided if we can garner enough demand for this.

yes.. it is possible.

Isn't it happening already? That's what we always try to achieve with every blockchain product

Wasn't bitcoin designed to allow for peer-to-pear transactions. This is just one of the many benefits of blockchain technology. Another reason why we will see more of it in the future. Most of the news now talk about AI and virtual reality being huge and mainstream in the near future. Of course, virtual currencies will follow.

I am believe that in the future when technology adapted by most peoples, we transaction just using our cellphone with internet. Its already happen in china, many peoples using their smartphone to transaction with others and buying good in merchant

I think its possible making peer to peer transaction. We are living on digital era and internet connection already common in many place, with internet connection peoples can connect with others with easily and make transaction.
With bitcoin and cryptocurrency, peer to peer transaction more wide open and make our transaction more faster