Bitcoin Forum

Other => Beginners & Help => Topic started by: Shortprick on December 30, 2018, 10:33:32 AM



Title: Use Case of cryptocurrencies
Post by: Shortprick on December 30, 2018, 10:33:32 AM
How proficient and effective can the usage of cryptocurrencies be in the next decade?


Title: Re: Use Case of cryptocurrencies
Post by: OgNasty on December 31, 2018, 08:10:38 AM
How proficient and effective can the usage of cryptocurrencies be in the next decade?

Very.


Title: Re: Use Case of cryptocurrencies
Post by: reactorjuno on December 31, 2018, 10:15:03 AM
How proficient and effective can the usage of cryptocurrencies be in the next decade?
Would be interesting to have the opinion of some people from Japan or Singapore in this thread, or other countries that are very friendly to Bitcoin.

Right now in my country, I have used Bitcoin to deposit in Online Casinos, or Bookmakers to bet on sports.

The main advantage for me was to remain anonymous. But Bitcoin is not really anonymous but if you don't play with a big deposit, nobody will bother to look for the source of your funds.

Bitcoin will become very valuable if it can be used to buy more goods and services (cars, real estate, train tickets, etc). For now it is seen as a digital gold by most.


Title: Re: Use Case of cryptocurrencies
Post by: Yeahpro on December 31, 2018, 12:14:04 PM
Cryptocurrency has wide and unique applications which could affect different areas of our lives.
Checking daily publications shows you how the cryptocurrency space is expanding and how nations and establishments are adopting this technology to improve our lives.


Title: Re: Use Case of cryptocurrencies
Post by: bitmover on December 31, 2018, 12:38:50 PM
How proficient and effective can the usage of cryptocurrencies be in the next decade?

Very.

I read on someone's Twitter that Bitcoin allowed everyone to make transfers that banks say you can't make.

I think it was a good definition, and an answer to your question.


Title: Re: Use Case of cryptocurrencies
Post by: Velkro on January 01, 2019, 01:06:33 PM
How proficient and effective can the usage of cryptocurrencies be in the next decade?
Very much or not at all. It can be used in future only as storage of value, but in opposite it can be used in every life way possible.
All land ownership register and many many many more.


Title: Re: Use Case of cryptocurrencies
Post by: Ispep on January 01, 2019, 01:49:17 PM
How proficient and effective can the usage of cryptocurrencies be in the next decade?
We cannot judge from now what's going to happen in the next ten years,and when you say cryptocurrencies,its the bitcoin and over 3k alts,i really doubt the future of a lot of cryptocurrencies
And I believe that in the next ten years,only a handful will still be around
But definitely the bitcoin is going to be more widely used,and the more people see it as a means of facilitating transactions and not simply hodling,then it's growth will be meteoric


Title: Re: Use Case of cryptocurrencies
Post by: coingecko on January 01, 2019, 03:29:35 PM
Use case as a store of value and medium of exchange has been shown with bitcoin
Use case of decentralizing everything else is enabled with smart contract, rootstock, ethereum, etc.
But there has not been a proven use case for that yet, given the complex nature of each use cases
We will see most of them getting tested from now on


Title: Re: Use Case of cryptocurrencies
Post by: yuluxugi32132 on January 01, 2019, 03:40:53 PM
How proficient and effective can the usage of cryptocurrencies be in the next decade?

At the moment, I believe that fintech solutions like credit cards and cash money is a quite good solution for the average Joe in the United States who is interested to buy a coffee. I don't think bitcoin will ever take over the world mostly because fintech adapted itself to bring better solutions.