Bitcoin Forum

Truly, it has been said that we should create the future we want to see. In order words, if you want tomorrow to be great, then start working on it today.

That is how the software industry has developed and transformed from one forms to another until we now have the powerful software that support bitcoin, which are; Blockchain, Cryptography and Internet.

Here are what I’m thinking. The future is not far from us in software technological breakthrough.

1.The future of work is Contributor and not employee.
2.The future of platforms, systems and institutions is decentralization and not centralization.
3.The future of contract is smart contract and not trust contract.
4.The future of money is crypto and not fiat.


In your own opinion, what will be the impact of this revolution to ;
1.The governments.
2.To business.
3.To Individuals.
4.To World bodies such as IMF, UN, WTO etc

Bitcoin is certainly one of the inventions blockchain technology based on which the first crypto-currency was created Bitcoin is secure software Experts agree that the blockchain technology at the core of Bitcoin is highly reliable Banks and financial institutions should also use blockchain technology.

However, I think the impact of this revolution on business has no government or institution. Huge populations around the world are circulating these currencies through a kind of secure network No one is a policymaker, everyone is equal just a node in the network This coin will go from buyer to seller directly without an intermediary safely and surely There is no central form of this monetary system there has been complete decentralization It will be in direct demand through a peer-to-peer network of buyers and sellers.

The government's first impression could be "Hell no". Why? How could they tax crypto other than taxing local exchanges? Plus, there are too many corrupt politicians, with systems being migrated to blockchain technology, there will be no more stealings, everything is transparent and broadcasted to the network.

for people, "This is Great" However, older people who already have difficulty in reading and learning new technology will suffer. Still, they will prefer credit card transactions as it is more convenient and you don't need to understand bitcoin wallet addresses.

for businesses, it is good, especially for supply chain management system to have blockchain, well distribution and tracking of goods and supplies will be easier.

Lastly, to world bodies,

Honestly, i don't really know where their funds came from especially when some nations asks for loans, how come they have money to lend? if bitcoin and cryptocurrency will be implemented too far, they can't just produce that tons of money, unless buying a huge portion of bitcoin's volume and becoming a whale that can control bitcoin's price.

These are some of my ideas and opinions, always feel free to correct me if I'm wrong.

The industry will continue to renew its technology. New industries and technologies achieve wider acceptance. Decentralized applications will play a larger role than ever before. 

The first technology is known to the government but does not approve of Bitcoin technology. But the government has now begun accepting Bitcoin technology. Cryptocurrencies are becoming increasingly popular among the community. The government knows that many people become wealthy because of Bitcoin trading, so the Government fully supports Bitcoin. The government is aware that this is like the field of work that can be utilized by everyone.

For business
Please note that the current problems that exist on the centralized system of financial institutions cost more to third parties. And third parties generally have certain rules and restrictions, so it becomes less effective and efficient.

However, that problem can be solved by a technology called Blockchain...

2. This is a highly deceiving thing. Institutions and systems are going more centralized than ever if you really pay close attention to what's going on. Remember, we're going digital. This means the transfer of all the info you hold is one click away.
4. If by "crypto" you mean a decentralized currency, no. I'd honestly prefer to have fiat rather than a centralized crypto - you wouldn't even be able to give your kid $10 to go outside without the possibility of being questioned by the authorities about your transaction.

Governments and world bodies will only take another shape, but will be more centralized and full of control hunger than ever. They already are in fact, it's just such a smooth change you don't even notice it. Businesses will not be that changed imo, it's all about adapting to new stuff. The currency they'll promote is probably going to be an easily adaptable system anyway, so it wouldn't be a big headache for them at all imo.

To individuals? Well, while I guess >80% of the adults and >90% of the youth will easily adapt to a new crypto system, the main and biggest concern remains the elderly. I don't know if we can go fully cashless within the next 3-4 generations tbh. :)

Yes, that is what expert called disruptive innovation. Do you know what it means for bitcoin to displace central authorities such as banks and the government in financial transactions and operations? That is what the company called Airbnb did to the hospitality sector, where you don't really need a hotel to lodge comfortably.

But, what bitcoin will do is higher, as it eliminates many intermediaries in the financial industry.

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Every emerging technology always do two things; 1. it benefit some categories people and 2. It doesn't benefit some categories of people. But, the entrepreneurs will always win, they are the force behind innovation.

To answer your question on where do wold's leading institutions like IMF, World Bank, UN etc get their funds from. Every world body is made up of many countries as members. Every member country have financial obligation to the organisation. I believe their money comes from members.

[moderator's note: consecutive posts merged]

But when it comes to things like corporate research and investment into this technology, companies naturally prefer to invest in technologies that will help them make future profits.  Not technologies that would likely disrupt their business model and jeopardise their market share.  It has to be understood that, while the impact overall will likely be significant, the pace at which the change occurs will be quite slow.  Purely because the companies that understand that crypto is antithetical to the survival of middlemen know they are the intermediaries.  Many will try to develop "blockchain" because they've heard it's the latest thing, but many will eventually realise it will bring them no benefit.  So, this change is, for a large part, reliant on voluntary contributions.

It's going to take time.  Might be too early to say with any certainty what specific impact the changes will have.

To further prove you right at the emboldened, money is created by those insitutions through loans given to the borrowers. That's why we need Decentralisation and financial freedom in blockchain technology.

The near future of Bitcoin signifies not a substitute for fiat money however an alternative to people who want to take part in a more liberating fiscal system.  As authorities continue to put down the regulatory base for this new technology, volatility and risks will gradually dissolve to a brand new product which will bring exceptional creation to the world of fund.  Therefore, if you are considering departing the marketplace for great due to market conditions, maybe you ought to give that another notion.  Not only can it be time to HODL more vigorously than before but it is among the greatest times in the past several years to go into the marketplace.

It's good to be ambitious about crypto and technology in general but we should never expect too much from anything.
I am not against crypto since I want it to go mainstream too but expecting that crypto will replace fiat completely is too much for now.
Let's just assume what you said is actually gonna be true someday then the below will be my perspective

1.The governments. -> They will regulate crypto and will make it taxable so that the economy could profit from the revolutionary technology
2.To business. -> Businesses will incorporate crypto as payments which will enhance their business and increase crypto adoption
3.To Individuals. -> Individuals will find it easy to deal with crypto and the whole world will go cashless.
4.To World bodies such as IMF, UN, WTO etc -> Will promote the usage of crypto since they will eventually find out that using crypto is more beneficial to them than using cash.

It is not true that the future of money is digital and not encrypted or decentralized.
The idea of the state lies in the ability to control resources through a united force that collects taxes and provides many things for citizens such as safety, services, education and treatment.
Decentralization works against these ideas, states will not follow suit, they may enact laws that make them less decentralized.

Employment and jobs are forms of how citizens can get money.
Jobs may be less attractive in the future, but work must be done in the form of a job, whether it be in an office or anywhere else.

The same way businesses have business models and revenue models, I believe the same is organizations such as the IMF, World Bank etc.

For their sustainability, there should be a clear and a quantifiable way of how they make money. We surely have other ways these institutions make money. We need more contributions or research to know this...

Super ultra bullish statement I agree! If you are bullish about the implementation of blockchain technology across industries, it makes sense! Industries have recently started exploring the benefits of blockchain. Even I agree to the last point where you have said - the future of money is crypto and not fiat. But you must edit it as - The future of money is government controlled cryptos and not fiat!

Bitcoin or any other decentralized cryptocurrencies can't make it to mainstream where it will replace fiat. However, blockchain technology will be leveraged by the governments around the world to power their own digital currencies as there are several benefits in relation to cost and surveillance.

What I foresee in future is that, there will be two simultaneous form of money available in the market - one is government controlled digital currencies (I won't call it crypto for obvious reasons) and the real cryptos like Bitcoin and ETH. Both will be powered by blockchain at the core but behaviorally they will be different than each other. While the government controlled currencies will thrive in reality, the real cryptos will thrive in the parallel economy that cryptos are creating and nurturing now.

Just my two satoshis! 

What breakthrough are you talking about? Cryptocurrencies, decentralized platforms, smart contracts have existed for many years already, and their adoption rate is tremendously slow. So, why exactly millions of people are going to wake up one day and think "this is it, I'm starting to use decentralized crypto stuff right now!" ?

Not to mention that there's a lot of fundamental problems with smart contracts and decentralized platforms, that prevent them to be a real and effective replacement for all the uses cases of their centralizd counterparts.

Cryptocurrency is really bring with it so many changes. Most especially the banks will be worried that cryptocurrency is now creating a means for people to bypass their services, they are really not going to be happy with this if they should see the population shifting towards, since the transactions we make is their means of making income, they charge us card fees, check fees and other fees, which is their way of earning money. Now cryptocurrency is changing that. And as for the government, I don’t know what kind of way this is going to influence it.

Moreover, for those "futures", we might need to wait a bit which could be longer than we do imagine. I am just speculating based on what most governments are doing against cryptocurrencies and how most common people are still expecting their government to take initiative on cryptos so that they will adopt it with zero risk. That is not the way a decentralized environment needs to be working. You must understand the power of decentralization and then adopt it regardless of what your family/employer/government says about it.

There would be a significant degree of devolution. This is basically what decentralization really means insofar as the governments and world bodies are concerned. This could be equated to more freedom at the bottom part of society or of the ordinary people. 

But I highly doubt centralization will be totally erased. I cannot imagine a country without a central authority. Any state without such uniting authority or set of laws would probably degrade into anarchy or feudalism at best. Somehow a sovereign country will have to have certain regulating powers over businesses and individuals.

You are oversimplifying too much and your "black'n white" type of thinking is kinda wrong.
The "we are the future" mentality is immature,the crypto industry still has many flaws that have to be solved.
Smart contracts aren't some sort of panacea that's going to guarantee that neither of the two sides creating the contract won't break it.
Decentralization and cryptocurrencies will find their way inside the current fiat oriented global system,but they won't dethrone fiat money and centralization.There will more fusion instead of conflict.

My first wish is that Bitcoin should go under a government. The whole world is making it more acceptable with Bitcoin under one country. Its use will increase day by day and it will be used as many payment systems. It is true that if Bitcoin is approved by a government, then the laws of that country must be obeyed. Anyway I want Bitcoin to go under a government first.

i think it is possible that you are too caught up in the hype.
the fact is that both of these things that you are pairing against each other have their own value. for example centralization, employee/employer,... have their own usages. in fact in most scenarios they work best instead of a decentralized solution. same with fiat, the centralized money printed and controlled by the government and banks. with all its flaws it still has its merits too.

I'm not sure what do you mean by "go under government". To be centralized, to be monitored by central bank?
I don't think this is good or necessary. But what bitcoin needs is regulation. It needs to become formal psrt of economy and financial system although not the same way as fiat. That might help with acceptance snd adoption especialy by businesses. To my opinion with time more and more countries will regulate Bitcoin

The universe of millions and millions, what you've mentioned can be applicable within limits. For example those mentioned strategies or the development can be easily implemented with good results on low populated nations. No doubt in it, the software development around the world has made a big change in the global economy as well as in the easy of every process that takes hours and hours.

For sure the system of contributor without employee won't be possible just because of the development. It is a human thing, another thing is the decentralization. If a polling has been conducted you can get the true answer for it.

I am not certain any financial institution will adopt a decentralized system without government adoption. This is because most financial institutions are regulated and under the umbrella of the government. Secondly, the usage of crypto in lieu of crypto will increase but I am not sure if the future is a digital currency when we still have a lot of illiterates that are being presently compelled to use the traditional banking services not to talk of cryptocurrencies that require better knowledge and understanding

Bitcoin technology will improve a lot in the future. I don't see any alternative to improving Bitcoin's technology without going under a government. In the near future, anything can be purchased at home with it. Just waiting for the day when bitcoin will get full world recognition.

First thing, the government and the big companies will never favour decentralization , this is how they earn money and dominance in the first place , do you think they will give it up ?

The government will for sure take any precautions they can if they see Bitcoins and other cryptocurrencies being too famous .

It's not about it's applications and what's better , it's about : will they allow it ?

How they can allow it :
I do think in democratic countries we already have laws concerned with privacy and free will , maybe we can turn up to the government and remind them that they work for us not the other way around and make sure cryptocurrencies are given freedom of existing at least.

Plus government and the business companies are actually seeing these cryptocurrencies as a form of money making scheme at the same time the network provides 100% transparency , so they are forming a long term scheme named : digital dollar , digital rupee , digital yuan and stuff like that .
These are not cryptocurrencies these are Fiat.

But cryptocurrencies is a revolution , the government have realized this by now therefore I do think we will see more financial freedom , more stability , better facilities and more options in the coming future.

As I see you can put governments and world bodies such the ones mentioned by you together, as they have the same interests, plus they will act on the same direction towards bitcoin, in other worlds: against the called *revolution*, although I don't like this term very much.
On the other side there are some businesses and individuals who are really freely and act independently. Do you really think they can stand against so powerful forces wishes? It looks a lost battle for me... What some people want doesn't matter when you look who is on the opposite side and how powerful they are.

It is true. Conventional financial institutions are currently implementing a centralized system, under centralized government oversight. The centralized work system is almost entirely contrary to the system applied to bitcoin. So it is almost absurd to adopt a decentralized system. that may be adopted is the blockchain technology, if we all know that there are already many companies and institutions that use this to maximize performance.

Nope, Nuh uh. The world you're basically talking about is a world where rules can go to hell. Well, not to the worst extent it could get, but somewhere there. The world where Crypto is above fiat is asking for something similar to central governments disappearing. They're basically useless at that point since, hell, what can they even do when we use crypto as you said right? And that's why it wouldn't happen, cause they wouldn't allow it in the first place.

Plus, the issue accounts for the world asking for liberation from the centralized government we have right now. The majority aren't agreeing with how the government works (mostly due to corruption inside) and yet, they don't change the government but rather change the ones in the government right? They won't agree to a centralized body disappearing since that means they themselves would have to do things on their own. We're innately lazy ngl, and most of what we do is to make our lives easier, so going for a decentralized system worldwide might actually just bring negative effects instead of positive ones. Still, a compromise must be met since decentralized systems are also needed at times here and there though.

The reaction of the government about cryptocurrency is not good, we all know that cryptocurrency is decentralized on which government is separated on it, they cant put a tax on it but there are some articles that government is planning to put a tax on cryptocurrency for some countries.

The reaction of the people is good for me because even me I am so glad about this cryptocurrency, I am very thankful because I have learned things about it before I think I always wasting my time for some unproductive things because it doesn't benefit me, thankfully I have learned his cryptocurrency which helps me through my finances and it makes me spend my time on productive things.

1. The government => Certainly the government is trying to regulate, so that it can be centralized and become taxable income.
2. To businesses => Many merchants will accept payments with Bitcoin and maybe in the future some employees will be paid with Bitcoin.
3. To individuals => Everyone will make transactions using Bitcoin, payment will be cashless. Bitcoin eventually became a global currency.
4. To world bodies such as IMF, UN, WTO etc => Become an alternative to donations and will also be used as a safe haven.

Indeed the future of Bitcoin is still a mystery, we must use Bitcoin for positive things. So the value of Bitcoin will increase, then there will be
mass adoption and I hope Bitcoin can be an alternative payment. If all this happens it must be in the end the government can accept the presence
of Bitcoin.

The government knows about it.
They heard it.
They have seen it.

But why don't we see innovation?
Not even a single news if they are already starting to innovate or upgrade into this new kind of technology?
They have seen holes.
Not holes of errors from the technology but for them.
Transparency for all the funds they will use.
Then privacy for the people. No way they will approve for that.

Bitcoin is affecting the economy and banks right now. At a time when the economy is collapsing, bitcoin is stable.

The problem with the future coming at us is that the authorities have too much power and they can always control it. This control is being exerted now on bitcoin with the talk about government issued crypto, which simply does not make sense. What is government issued crypto other than the existing forms of transferring money via "wire" and updating numbers on a centralized server?

Government issue cryptocurrency can never be a replacement for bitcoin. The strength of bitcoin is in its decentralized, p2p nature. We are the ones who give it value by using it. When organizations and other rich evangelists start getting involved, that is when, we have a chance that different countries will see their own benefit in supporting crypto. This is driven by the opinion and interest of general population as well as the desire for control by different governments. The media seems to be playing its role alright. Yet, the problem is with usage. Bitcoin has become a too dependent on traders and speculators while the usage is coming a little too slow.

It might take many years before we can fully apply all of these hypothetical in our real life. Many things existing blocks us from achieve those goals. We've already had the technologies for many years, but still, the lack of resources and funds keeps us stand at one place time over time. Government is also the main problem. Everything right now is centralized. Do you think that the government will give up everything just to accept a decentralized system ? People have put their trust on the government over thousands of years and if this system collapse, I cant imagine how big the chaos will be. 

All of them ; governments , businesses , individuals... It has banks worried, because cryptocurrency eliminates the need for their services. Since they don't have to pass through multiple hands, transactions take place much more quickly. It also has caused concern because it's become harder to regulate financial activity, which has especially interesting implications on the international level.

Since the usage of cryptocurrencies has eliminated the banks from the equation, the demand for escrows have become more and now a days the scams related to cryptocurrencies has tremendously grown. You can see on telegram and many other messaging apps that if two persons are trading then the one which sends first get easily scammed as there aren't any charge backs and bitcoin itself is pseudonymous so the receiver can easily get away with the money.
About cross border sending of funds and relation of bitcoins to money laundering, you will always see a slippage in sending huge amounts of bitcoins so it isn't feasible at all to do such trades with bitcoins.

You are right unfortunately. A scam is a way to steal money from people under false pretenses.  Currently, the cryptocurrency market is not regulated enough to protect people from scams, so that is why it is such a common thing among users of digital currencies.

I pay less attention to its impact on other fields, I just focus on the impact on my personal life. What is clear, bitcoin gives me many opportunities to develop myself with truly effective innovations. There is nothing to fear as long as we equip ourselves with the basic knowledge to be able to adapt to the cryptocurrency ecosystem. Take advantage of our potential to maximize opportunities. How about state regulations? We also need to review this, we must understand how the government regulates bitcoin, even though we want financial freedom, it does not mean we do not care about government rules. Be a good citizen, and maximize the opportunities of the innovations offered by bitcoin.

I believe in this too. I believe that volatility can be controlled and subjected. When will this happen? It'll happen when the government put regulations in place the same way fiat is being regulated.

Crytptocurrencies could be an alternative as said above to fiat currency

Of course, we all know what most government has to say(they disagree). However, I think that individuals and businesses would benefit the most. To be more specific, I'd say businesses would really benefit. It's more like a promotion thing.

I think it'd be better to frame this as "bitcoin be legal under any ruling government" rather than "go under a government", kinda sounds like a single government should control the network which is more than obviously a flawed philosophy.

Many governments have come to terms slowly but surely to the idea of bitcoin, I don't think it will be long until a country officially accepts bitcoin within its borders, legally.

I have created a topic regarding about the development of society through the adaption of blockchain in my local.

"Development" and "Improvement" of the Society: Discussion about Blockchain. (https://bitcointalk.org/index.php?topic=5205468.0)

We already conducted research about the uses of blockchain and it has a lot of advantages when we adopted the use of it. The government will remain to disagree on the uses of blockchain since they didn't implement any complete study about this and probably the politicians will just ignore it. But we, as innovative people, we should make use of the blockchain in any kind of things since it's very powerful and has features that other technologies don't have.

Well future had evolve so fast because of the new technology that is greatly help of the development. Innovativeness is one key tool to a better and greater future.
I think there is no.absolute decentralization. Actually government are centralized yes but not all system in it. Decentralization is still part of it like decision making. The barangay level can assess and decide on its own if it is under the jurisdiction and controllable situation.  Only when they call or ask for help if duties and responsibilities are bound to their capacities.
Yes, this could be greater so that every transaction and budgeting will be transparent through blockchain but pretty sure government will not allow this because they can't earn from corrupt practices.
No I think this is wrong. Fiat is still there as a back up fora digital or cashless society to which it is now happening. But still fiat serve a good use nowadays and even the last many years ago up until now.
There great changes that could be done in the lists of instution but sad to say that it could not be integrated for now. It is a big problem also that the more technology we use the harder the scammers will get caught as they rely on technology too to which tracing woulf be more difficult than the physical tracing.

True bitcoin certainly is the future. I also to some extent agree that crypto currencies are the future, not fiat money (though replacing will only happen after decades and once everyone accepts it and a suitable currency is found. Will it be a decentralized currency? I don't think so)
I highly doubt everything like platforms and institution will become decentralized. Becoming decentralized means trusting them blindly. Again, not going to lie, scammers will take this opportunity to scam the naive people.

scams are increasing day by day. at the same time, we have to upgrade ourselves and of course we need to be aware more. because it is not possible to avoid scammers without awareness. Everyday scammers are inventing new ways to embezzle out BTC. We need to have adequate ideas about scamming, and risky place or sites should be avoided.

1) Decentralization is always a good thing, I think that if a government embraces bitcoin or decentralized technologies (say, for example, for paying utility bills and the like), then it'll make it harder for themselves to steal from their constituents, so it's going to be a bit of a hard sell at first.
2) Businesses don't need to decentralize themselves, but can make use of decentralized infrastructures, say DeFi solutions for payment processing and stuff like that, it's definitely a net positive as a business owner.
3) this is heavily discussed in this platform, currently there are too many benefits to individuals, I can't even begin to fathom what the future holds for us.
4) It'll bring accountability forward, making their books transparent will increase the trust of the people on them and their accountability to the people will be easier to check. No random lobbying that can't be traced.

1. This is a great oppurtunity for the government to perform their best because the bitcoin is so powerful that it gives the masses the power which the government does not control, on the flip side, if the government plans something nefarious then they can use bitcoin for corrupt and shady deals that compromises their people which is scary.
2. Businesses will be forced to innovate their business model by integrating cryptocurrency transaction and they are in my opinion the least that will benefit from this because they will see bitcoin as a way of maximizing their profit.
3. Financial independence will be achieved because there are no taxes to pay, the people can choose to be payed through bitcoin and not worry about government cuts, what I worry is that the ability to apply for insurance is very tiresome.
4. This digital currency revolution will not affect them, they can adapt to the changes and they can also be supplemental to global adoption of bitcoin by backing the cryptocurrency with something that has worth like gold (Gold Standard) or USD (Bretton-Woods)

I want to commend you for taking your time to post that real time seminar experience you had with CEO AND COO of evolving tech companies. one of the most important features of blockchain i like so much is the transparency which is made possible by its distributed ledger. That is with this technology, we shall come to know the real meaning of the term transperency as nothing can be hidden on blockchian.

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The real world truth is that there is no perfect centralization and no perfect decentralization. There must always be a centralization in decentralization and a decentralization in centralization.

for example, smart contract promise to eliminate lawyers from contract but the technology will serve as the lawyers. For cryptocurrency, i believe the government will regulate it to its favor.

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I think you need to clarify what you mean here. Do you mean that businesses will stand the chance of benefiting most by maximzing profit or they will benefit less by maxamizing cost?

But from the discussion above, cryptocurrencies will help businesses to cut down transaction costs, as there wont be need for intermediaries in transactions, it is peer to peer.

[moderator's note: consecutive posts merged]

there is clearly a difference in the way the facility is managed between crypto and banks, obviously it cannot be compared because there is a separate market share.
crypto can run without the needs of the bank is clear, but banks can also run by themselves because of the needs of people for transactions that have been developed.

in some countries crypto is still not recognized as a legitimate transaction and can be guaranteed by the state, of course this is still a difficulty for the development of crypto.
Even though the state can actually take tax from every transaction on crypto. it is also difficult for the state to control the transaction if there is money laundering using the crypto facility.
because the state must be the last bastion to be able to control, but crypto is very difficult to control.

That is why some countries cannot completely prohibit the use of bitcoin, because even though there are things that are difficult to control, bitcoin has many good offers that can provide benefits, even with considerable risk. This is an extraordinary innovation, which can overcome various obstacles that cannot be solved with traditional currencies.
No problem the government does not legalize it as a means of payment, because the government has the right to maintain its sovereignty in managing the country's economy, through official currencies. Bitcoin can still be used as a commodity of trade and investment.

It would result in the banking institutions not being able to exploit the poor to make the rich, richer through endless quantitative easing that only benefits those people who have millions of money invested in government owned stocks. And things like fractional reserve banking wouldn't be use as people could easily borrow money through smart contracts or put money they themselves control through their own crypto wallet.

The impact of bitcoin on the people is that it can be their source of income, but it cannot be a stable source of income because if you are only ways of earning in bitcoin is trading and investing then you should know that gaining money is risky on that part. Bitcoin also good for them because they can use it for some online transactions.
It is also good for some businesses if they allow the bitcoin to use for payment systems.

 it is . people are start working now towards thier dream  . it could be in the form of working to earn and to buy a bitcoin or to work and earn bitcoin directly  .  there are contributors here but we need employee's too because a business wont be possible or a plan wont be possible without them  . there are two phases on here one is centralized and the other one is decentralized  , we need both  though i know that decentralized is what represents bitcoin .  the smart contracts are i think only for eth and altcoins but we are talking about bitcoin here

I think this world and all revolution in the future are being controlled by superpower financial corporations such as Rothschild family. If you had ever read the book "Currency War" , you will understand how the way they control this world including all over sides such as economy, politic, decisions of goverment of each countries v.v

It is not true in regarfs to Rothschild family. If they does really in control then we can probably idea on which of their favorite country to get a good economy with lesser problems and away from any form of discomfort. I do believe that all country now were suffering from the pandemic no rich and poor country were being exempted in the infection of the disease. In fact US, were the most numbers of infected from this virus.

The rothschild family is just a myth to let everyone believe that we are in control and we do not have the right or power over it. We all I can say is that we are Rothschild's family. LOL

Bitcoin is a source of income that will be very risky because of its high votality. This can not be a major source of income, Bitcoin is just another option to get money by investing in buying some bitcoin or it can also trade and benefit from the price difference that happens every time.

The future of bitcoin technology will be increasingly supported by the rapid development of digital technology. Some adoption of bitcoin has begun. Integrated with several online payments and easily make online transactions using bitcoin.

But for some countries it is still limited and the regulations applied by each country are also different.

Opinions vary about digital currencies, but certainly in the future, digital currencies will become in everyone s hands, and governments will seek to regulate this technology in a certain way in proportion to their local currencies, and dealing in local currencies may be abolished. As for individuals, they will be able to find more job opportunities and it will be easy to obtain these currencies at  everybody.

I think we are in that way, sooner we're getting close to that adoption, and might the majority will use Bitcoin for any payment transactions.
The continuous market development will get notified by the people especially during the pandemic crisis and that is how it takes advantage of this technology will rise from being just ignored by most before.

We will likely to so a better output of this technology and we are not in regrets knowing it despite those bad news, fake news, anything that affects the mindset of the people. We are into that change, from FIAT to digital transformation.

To be frank with you, sadly, bitcoin is not yet treated as a good currency in some countries due to its volatility and increasing reported of scams that is happening around the world. Due to those scammers, bitcoin's reputation is continuously decreasing and people are becoming more ignorant towards its benefits. I will say that, bitcoin's future is not that secured due to those fraud users that destroys bitcoin reputation in some countries,  like Nepal, Bangladesh and etc.

If you want to support bitcoin and help its adoption to become greater, just continue promoting it and use it properly so that its importance will be showed up to the community.

Bitcoin or Blockchain technology is currently being implemented by several developed countries such as China that embrace Blockchain and want to develop it. legal certainty and various polemics may vary from country to country. There are those who are happy and open to accept Bitcoin and its technology, there are also those who apply strict regulations on the use of bitcoin and cryptocurrency and some even openly prohibit the use of bitcoin. Bitcoin and blockchain technology are future technologies that need to be developed again, this will be both beneficial for various sectors.

With how China treating now this system, the chance that it will be embrace by more countries around is very possible, knowing that it will help the process fasten the transactions between borders.


Different opinions and rules implementations are based from how deep the understanding of certain leaders. Once they fully learned everything, it will be much easier for them to be convinced.


It is. A good research will enhance the knowledge of those who still opposing the existence of this system, allowing them to learn is the best way to convince them embracing this new innovative technology.

No, it can never happen to abolish fiat currency and replace it with digital currency. yes, digital currency will play a big roles in doing smooth transactions but it should only be backed up by fiat currency. This is the usual things happen especially with the banks. They could not generate digital currency with no fiat currency being held and usually placed securely in their vault. Anyway, it is still best to have a choice rather than with no choice at all between using fiat currency or digital currency. Both options are having advatange that suits to a.certain transaction.

I think Bitcoin technology will be difficult for the government to accept, it has been proven that until now only a few countries have
legalized Bitcoin. Because Bitcoin technology is very transparent and cannot be controlled by anyone, it is very against the will of the
government. That is, too many corrupt politicians control the government. For businesses and individuals Bitcoin technology is highly
accepted well, because it is proven to be safer, more effective and efficient than fiat currency. Regarding world bodies only UNICEF will
accept Bitcoin technology to my knowledge until now. So Bitcoin has a long way to go and the future of Bitcoin is still difficult to predict.

The future of bitcoin technology has been a successful venture for many and it is one of the types of investment that one can invest and trade in the world of investing and growing your money. The future actually depends upon many factors, there are so many cryptocurrencies exchanges platform out there which provide 3 major types of cryptocurrency exchanges, which are Centralized, Decentralized, and Peer-to-Peer. As per opinion, the future of Bitcoin technology is P2P crypto as it operates on a decentralized mechanism and allow buyer and seller to trade directly without the involvement of any third party. Globally, the P2P crypto trading market is growing on a huge scale and the no of trade is increasing day by day. according to a recent survey, the no of trades has grown globally to 65% within a year and 72% of all BTC trading happened in the top 5 countries that are USD, Russia, UK China, and Venezuela. So future looks promising to me.

Have a safe trading.

I partially agree with the previous statement.
At the moment, Bitcoin is convenient for everyone, it is growing and will continue to grow.
But how long will this last? Why and how things will continue. A philosophical question to which we will not know the answer until something happens.
The only thing I can say ... now it is convenient and profitable and you need to use it.

Most of us already have an idea of how this revolution is going to affect the world. In fact, we're already seeing some of that happen, but like what I've always been saying, we're still too far from experiencing any significant developments. But we'll get there alright. Introducing bitcoin and replacing fiat currency with it is like putting an end to an age-old religion or culture. It's going to take a very long time, maybe as much as it took us to adopt the present-day currency.

The impact of this revolution is already in play, only that it is still insignificant.
To the governments, just like we are seeing now, they won't readily accept this change as it is a blow to the system they've worked hard to put in place. The government wants to control everything and so a decentralized system isn't one they'll accept quite easily.
To businesses, only those who embrace this changes will get to enjoy its benefits. Everyone knows the world is changing and unless you move with the flow, you'd be left behind. Businesses that choose to ignore these changes will bear with the consequences that follow.
To individuals, just like businesses, only those who embrace these changes will enjoy

I don’t really agree with some of your points. The number one point you made, about works becoming all about contributors and not employees, I somehow agree with that, but it’s not going to be a system that will be fully applied, there will still be employees.

We already have that system, and that’s what we call freelancers, people who work according to their own terms and not based on what the employees sets as rules. Then as for the second point about things being decentralized, I don’t know about that, it’s something that is left for the government to decide, which I know they wouldn’t agree to, but I’d say thing will be balanced between the two. Can’t say much about the third, I think it’s right, then as for the last point, I still think that things will be balanced between the two.

I think as an overall prediction of what the future might look like for the blockchain technology is bright. I agree with your prediction that the future is leaning towards centralised platforms and smart contracts. Also, digital currency becoming a larger proportion of the monetised circulation. However, one thing to point out is that these might all be taking some unpredicted amount of time before they become noticeable

As people are running with digital world, digital payment methods are very important. At this stage bitcoin is the best alternative. It is helping us and moving our life.

Personally I think that everything is changing very rapidly and dynamically. Of course I am not sure that fiat will be totaly excluded one day. May be in a far far future. We see such a tendancy that online activity and online payments are going to become more preferable for lots of people step by step more and more. and of course lots of people prefer decentralization to the centralized systems and institutions, but it is hard to imagine that one day all decentralized systems, crypto and so on will replace centralized systems and institutions, money, government. Of course they (governments, politicians)  will try to do their best to limit all this possible impact, because it will change totaly not only systems, but whole people and the whole World. But for the business and individuals it would be a great chance to build something new, something perspective and useful for us and next generations.

From this we can see that the decentral system is more favored by users than the central system. As for the problem, and apparently I don't know because based on your thinking about "the future" you don't have a broad picture of how things will change. I think the future is also based on how much things will change and for the future of money in my opinion is digital currency than cash.

Brother, I like people with wisdom and much understanding, I applaud you so much concerning this statement, that says "create the future we want to see"
See everyone have to be creative because buildings a future is like building a living house, and it will start with good agenda or plans.
Example many people invest in any platform concerning bitcoin or crptocurrency without examine the platform before investing, not knowing is a scammers platform,so base on lack of plans and observation before going into the platform, such causes wipe away of capital.
so therefore we have to planned our steps for betterment of tomorrow.

Trading with Cryptocurrency has been a successful venture for many and it is one of the types of investment that one can invest and trade in the world of investing and growing your money. The future actually depends upon many factors, there are so many cryptocurrencies exchanges platform out there which provide 3 major types of cryptocurrency exchanges, which are Centralized, Decentralized, and Peer-to-Peer. Future of Bitcoin technology is P2P crypto as it operates on a decentralized mechanism and allow buyer and seller to trade directly without the involvement of any third party.Globally, the P2P crypto trading market is growing on a huge scale and the no of trade is increasing day by day. according to a recent survey, the no of trades has grown globally to 65% within a year and 72% of all BTC trading happened in the top 5 countries that are USD, Russia, UK China, and Venezuela.

Benefits of P2P trading-one of the most secure and flexible trading platform for trade- 'SHIFTAL'

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Bitcoin technology continues to evolve and to be better day by day. It is obvious that we will start using only digital currencies instead of fiat money in the future. Blockchain technology is already being used by many big companies. There are still many governments that don't know much about Blockchain and cryptocurrencies. But in time, I believe that cryptocurrency ecosystem will be integrated on every country and people will use digital currencies for investing, shopping etc. in a safer and better way.

Until now blockchain technology is still at the forefront, that's why many large countries have started to study and adopt blockchain technology.
This should affect the future of Bitcoin, because as we all know it is Bitcoin which popularized blockchain technology. I really hope that in a few
years, Bitcoin will not only be used as a digital asset. However, it can be used legally as a payment in all countries.

The future of bitcoin is still varry for now in my own opinion because it may or may not be adapted in the future for the community consumption. But, it has the higher chance that it will be adapted because bitcoin now has excite every users like earning profits due to its market price volatility. Yet, we know that not all will going to like the system but still I am positive that majority will going to use the system for investment purposes. I think the best way to learn about the future of bitcoin is to wait until such that concern agencies or authorities will allow bitcoin consumption.

The future of blockchain technology or bitcoin? Talking about the future must be related to the analysis and opinions we have. All technology is now in a rapid development phase, it is very difficult to predict something with certainty in the future. I have a similar opinion but this is just my opinion, fast developing technology can make something new. It is possible that in the next few years there will be a new digital currency or new discoveries in all fields related to government, or individual changes.

This is very close to filling up it's future planning.Although it has  developed and improving on it continuously.Now people are using the decentralized Platforms for their payments and trading.
Goverment in that case,
Probably will not enterup in this because every single thing is going to be completed in easy ways.
For business,
It will be the  best thing if anyone have a good focus and knowledge about  cryptology