Bitcoin Forum

What will happen with Blockchain technology in the next 50 years?

Probably to recesses of government control that you would not wish upon anyone.

Wholly-digital economies are the worst possible for thing for average citizens and dissidents in the modern society, and it will only get worse as you see governments seeking to control their populations with what amounts to an invisible iron fist. You can see it happening now in the UK, US, Canada, Australia, Germany, etc.

Blockchain technology is great when kept out of government control. The bad news is that they will find a way to exploit it and force you into it, whether or not you want to. Better make sure you want to be an even less-valued cog in an even more uncaring machine.

We dont even know what is going to happen tomorrow, and you want us to tell you when bitcoin and digital currencies like bitcoin are going to take over all the system?

It is impossible, maybe not at this moment, but we all are going to see a huge advance about money and how does it works in a few months from now, or maybe in years.

But yes, the whole system is changing right now, and a lot of banks are now addapting themselves to bitcoin and all the other cryptocurrencies, because it is needed.

Although for digital assets generated from Blockchain technology like Bitcoin and other coins, it is difficult to predict future due to their highly-volatile nature but Blockchain Technology individually is a horse of long-run.
Best sector where we can see Blockchain grooming is Banking. Few banks already adapted blockchain in their operations. Recently India's Central Bank is planning to launch financial model based on Blockchain. It is most economical technology when it comes to data remittance or transfers. Along with that, it can also be used to launch Bank-oriented Cryptocurrencies. Banks can offer their cryptocurrencies to users and it can upcome as new form of bank deposits. Also Banks can use them as security for taking loans from different sources.
(Are you thinking of E-Coin from Mr. Robot, no I am not talking about that.  ;D)

Lol, a side note: you're the guy who sold Spotify premium that stopped working right after. I didn't know any better because that was the first time I was posting on these forums and understand this whole new marketplace. I hope you were able to refund everyone.

In the next 50 years, BTC may be adopted. It may be dropped. There may be a new alt in it's place. We have no clue what it will look like in the next 50 years, if not the next 10. It's volatility makes it hard to predict where it runs. For now, I believe blockchain could be the future for the next decade or so.

50 years is a time frame that is too long, a lot can happen in that amount of time, even predicting what it is going to happen in the next months can be difficult, in that time a new technology could emerge or a war could break out and governments of the world will get a lot more tyrannical with their citizens and bitcoin will be banned, or maybe bitcoin becomes the dominant currency of the world, at the end there is no way to know.

Though the time frame of 50 years is very high, I see that in the future more and more government bodies would be waiting to regulate Blockchain under their control. But on the positive side we should see more and more implementations of the technology in Banking, Finance, Stocks, Industries etc. I bet it should happen within the next 2 years or so. Seeing the genuine interest in this technology by such multi-billion dollar organisations and at the same time seeing multiple startups sprouting the future of blockchain is quite bright.

Cryptocurrencies are going to take the third party out of banking in the future. We will not have to rely on banks to manage our money for us.

We will be able to transfer money, pay bills, and prepare for retirement without using banks as the middle man. There will also be multiple uses for the specialty altcoins as they go mainstream.

It's really hard to tell, it will either reach its max adoption and then decline or it could continue to grow and flourish and really change the way the world works as we know it. Of course we all hope for the latter but it is really too difficult to know.

I dont know, nobody knows what is going to happen, it is very unpredictable. But we all know that all this system is going to revolutionate a lot of things in the real world, on the real economy of course.

All those who are saying that bitcoin is super inflated, and that the price is unreal, let me tell you that the price is only built on the money that people have invested during the last few years/months/days.

So if it is high, then it means that it is because people are now trusting a little bit more than before.

And it can keep going up, only that it will take some time to see it happening, as it has always did, but the money revolution... hmm that will take some years, maybe decades to happen.

This is an amazing question!

I think the digital economy (I think you are referring to cryptocurrencies?) and Blockchain tech are going to completely revolutionize how we do business, exchange money and more in the coming few decades. I mean do you even remember what is was like living in the late 90's? There were no GPS and everyone used maps - real physical maps to get around. Unbelievable that in just 20 years the whole world flipped upside down.

Now, Blockcahin will be the same. No one will need banks in the future because Blockchain and BTC will allow everyone to be their own bank. I can't wait until this happens!!!

In a perfect world, in 50 years the blockchain technology (and Bitcoin) will replaced fiat money around the world (sounds more like an utopia, tbh)

unfortunately, the govt, central backs, financial companies, multinationals, etc, i don't think they're going to let a decentralized and unregulated system replace their fiat ponzi, they need to keep their profits going, otherwise, heads are gonna roll.

But 50 years is a long time, and realistically, maybe this technology won't replace fiat at all, but i'm 100% sure that blockchain technology will be adopted worldwide and Bitcoin will become a payment option for pretty much everything. But of course, the elite will put regulations and taxes on cryptocurrencies so they can profit from them.

The blockchain will become the supreme way of payment for people that seeks freedom from their government controlled fiat currency. Decentralization will be a big hit in the up coming years thats why some governments tries so hard to ban or regulate it so they can regain control of their customers.

Well, this is hard question to answer to speculate what would be the blockchain technology in the next 50 years? 50 years is very too long maybe there will be new development on the economy system and ofcourse I think blockchain technology is well developed by that time. More adoption and huge users that causes of traffic of blockhain technology and I hope it will resolved by that year.

Like some said above, a lot can happen in fifty years. We could conceivably see quantum computers and quantum level encryption deployed within that timeframe. From history we can see that some inventions withstood the test of time. The mousetrap was invented in 1897 by James Henry Atkinson and is still in use today. It is plausible that bitcoin could have longevity due to it having limited supply which could allow it to retain its long term value better than alts with variable supply. Currencies with variable supply are prone towards being overprinted similar to fiat which could be a negative precedent over the long term. Bitcoin also may have better decentralization and development support. Bitcoin has advantages over other alts which could allow it to prosper and maintain its role as king of the crypto mountain over the next 5 decades.

Historically, there hasn't been much incentive for banking or financial sectors to produce innovation or progress. There may be a better likelihood of open source movements, independent developers or hobbyists producing whatever historical innovations we'll see in digital transactions over the next 50 years, than any real progress from the establishment or banks.

No one really knows, the only thing I'm sure with this define our future. Many businesses will surely use this great technology that can help us move forward and I also believe that digital currency will have a big impact on every economy.

Blockchain will be used by different company, and by the government.  I also believe that Blockchain technology will be developed to the point that everything in digital world will rely on it.  Even though 50 years is too long, we can still project that this so called Blockchain technology will be the main thing when it comes to digital world.  Adoption, development and application things that will greatly involved in blockchain for the next 50 years.

It would be ruling the world in many fields.Already,dubai government has implemented blockchain in all of its government sectors.Most of the banks have adopted blockchain technology though they consider bitcoin as their rival which works in that technology.Governments have decided to use it in various sectors like health sector,etc.In future,we would not be able to see any field which does not use that technology.It would be like how e-commerce came in early 90's when it was very new and later,it became predominant all over the world.

I think there are a lot of improvements from the blockchain, not only that, I think in that span of time bitcoin is legalize in a lot of countries and being introduced to the block chain technology and trying to think and discover new possibilities with the use of the blockchain.

It will be either the beginning of struggles and chaos or blockchain technology have already lead us to a new society where in Decentralization will be respected and desired in all things. If this kind of technology will be used inside the government's usage of funds and financial statements, there will be no more corrupt officials as we can track all of their transactions. New inventions and innovations will be showcased based on on the Technology, seeing it right now I bet scientist and investors are already looking for alternative use of energy , as blockchain need very large amount of power supply(miners).

Chaos if the dirty government organizations make some moves and completely wipe out the technology but I guessed it will be very hard for them as it is already Integrated in most 1st-world countries.

This is quite exciting to imagine or think. Where will the digital economy will be in the next 50 years. That's a long timeline to think where. And it's actually a question of what and how. What will be happening that time that may affect blockchain techonology for it's best and how it wil be better adopt by people world wide. All I can say for now is that blockchain technology is doing well of introducing itself to people. The way bitcoin impacted the society and also how other altcoins is now being embraced by people. Maybe 5 to 10 years from now, these will continue to expand, we don't know. 50 years from now, digital currencies might be the new currency of that era. Might be also fiat money has extinguished in course of history.

Everyday that we live and still realize blockchain is yet to fail, it shows the future is something to behold. It might look unattainable because of the myriad of challenges happening all over but the world is gradually changing where Central Banks are exploring new ways of making money available rather than the physical cash we all know.

This shows that as time goes on they would surely consider digital money but the fear is if they would allow bitcoin as against their own form of currency which won't be any different than what we have now.

But how do you define a blockchain? Is it a digital ledger secured by Proof of Work, completely permissionless and decentralized? Or is it something else like what the ICOs are doing? There is a big difference.

We must first know what a blockchain really is to predict its future, because in some definitions, anything can be a blockchain.

We don't know what will become in the future. Remember that we are only humans even how many predictions about bitcoin we will still stick in the present. We are still stict in th bitcoin present's strength.

Digital money is leading us to the future that we don't use paper money for our payment anymore but it's gonna be a long road.

Blockchain technology could be considered as the crown of the current digital era. A digital ledger keeping account of every single transaction happening and using computer power for the proof of it just pushed the governments around the world to open their eyes and look at digitisation from another perspective.
With many banks from different countries across the globe implementing blockchain technology for some of their functions, this lays foundation for research and development through which we could maybe achieve even more of an efficient system in the coming years.

I've read many codes throughout the years and have seen different Blockchains start and stop from lack of use. And from those I've seen survive I've seen evolve over time. The next 50 years will be an act of Moore's Law of accelerated returns, an evolution of Blockchain through the addition of new technology
added to the code, just like the Internet of the 90's Blockchain will also Fail to scale and it will scale again with the addition of that which has not even been invented yet.

This is a very exciting time to be a live.  

Actually now a days everything is going digital an every this is going so easy and life is becoming so facilitate from this modern technology and bitcoin is also one of the example of this bitcoin want to make life easy because bitcoin is very fast in transitions and its price is also very high so bitcoin want to carry us with this modern technology because world is going so fast and currency is also become digital so this combination can help us in our life.

Digital currencies will take over the economy one day. However that day may be long from today and it will also need a lot of work from the governments. Not necessarily legalizing crypto but they must understand that fiat has got nowhere to go.

Huge advances in money may not be the right way to describe it, rather huge advances in economies is what is going to happen.

Where exactly did you get this news from? There are many crypto banks that are emerging but traditional banks are still a long way from accepting blockchain technology.

No one knows what will happen to the Blockchain technology in the next 50 years because we are all just predicting what might happen in the future. It's just like predicting what would be the price by the end of this year and this coming year 2018 which is common to us to spread rumours from the article that we read.

I think no more than 10 year MAX, Fiat currency is failing and digital must replace it. Ethereum , NEO etc can create the new economic system via Tokens, a token economy is near.

It will take us to more years to celebrate with the digital currency having a huge increase of value on it. 50 years would be much improvement happend. Many innovation of platform would developed and also with the blockchain.

I heard someone saying that blockchain will do for payments what email did for communication, I believe that this is 100% true.
Being totally transparent and offering the possibility to create smart contracts, Blockchain will change the financial world and it is definitely not a fad.
I found this article speaking about blockchain future: https://www.shapingtomorrow.com/home/alert/665529-Future-of--Blockchain
The author believe that central banks will adopt blockchain technology.

To the moon? Dare I say it?  ;D

Cashless transactions are also moving us forward to have the fiat without in our hand and moving the payments with the third party payment widgets. This is how corporates plans to steel our money in different way. Even every retail merchants will be find many issues with this move.
But bitcoin erase these corporates plan with its technology. None of the middle man don't need when we are transfering the money to one place to another. Even you do it with your country or international transactions both will goes with the same fees. This is how bitcoin turns the economy best in the world.

Well being inside of the digital currency maybe for the next few years will be productive if the government as well as the users can maintain the balance , what I am trying is balance in using it and the preservation of the transaction with cash or paper money, cause we cannot surVive if cashless society will be implemented.

Based on what I have seen so far, I can see that blockchain technology has a great future ahead. Global awareness with regards to digital economy is slowly increasing which is good. But who knows, nobody can tell for sure.

If I had an ability to go time travel to see what happen in the future I do.lol.
We don't know exactly what will happen in the future about blockchain maybe at that time many modern technologies emerged using by internet connection and blockchain will commonly used by the people. But who knows this is only my  prediction about blockchain.

I think government will try to take over bitcoin since their popularity getting high from time to time.

In this digital era, everything will change into digital transaction and IMO , bitcoin is the best currency that fit and proper for being use as transaction just like fiat !

This kind of circumstances is very hard to predict. It's really exciting but quite thrilling part.  A lot of people prophesied telling that bitcoin will become the next digital money. Who knows, maybe.
But I do hope more countries will be joining us and legalized bitcoin so more people can reap all the benefits from bitcoin.

The 50 years is really long journey for the bitcoin and if bitcoin is still available a that time then it will surely have the recognition by the big private industries, government sectors and autonomous sectors for sure. This will already revolutionaries the bitcoin and other crypto currency use. The prices would be unimaginable at this point because we don’t know how government will impact the same if they starts enrolling into it. It could go centralised and thus making its value stuck at one point or other.


Besides this it may get or may not get a physical presence by some digital means. As we are speaking about it after 50 years from now. Its not completely true but we can trust in facts.

Blockchain will massively revolution the way we live our daily lives now. How the internet has changed the way we communicate, blockchain will transform several industry in real life beginning with finance of course. How many industries get revolutionized I don't know but it will very much change the foundation of how we live today.

As this (blockchain) is all about cryptocurrencies so everything is possible in next 50 years, we can also expect what is unexpected like something bad or best because cryptos are unpredictable. BTW what i am observing may be in next 50 years digital currencies will be used as national currencies, and we will see some cleanup of useless cryptos and some major corrections of leading coins like BTC. The king will remain the same (i.e BTC) and many other modifications are also expected over network.

In 50years to come, blockchain technology is going to lead us to digital Economic. We have see how this blockchain technology development has shaped the mind of many investors and financial institutions towards digital businesses. Bitcoin has not gotten into the mainstream financial institutions but I think in 10 to 20 years to come we are going to see that fiat systems will be obsolete and cryptocurrency will be the driving force of our economic.

The blockchain technology can make the world truly democratic. Thanks to this technology it is possible to hold referendums, elections, etc. It will be cheap and such a vote cannot be falsified. But politicians and billionaires is not necessary. They are fine just because they can not control. Cryptocurrencies can also lose their popularity because they have been the subject of speculation and do not participate in the global economy. Still very vague to make for the future.

I might be dead that year but I know there will be a lot of changes.
Just looking at how the technology boosted with just a decade makes you think what it could give more for another one.
Smartphones, robots, ATMs, computers and a whole lot more. It started when the 2nd millennium came.
We can already feel the digital payments but only through fiat currency too.
They might come to their senses that it will be faster with crypto currencies. The government will need to work with merchants so that they can also support this changes that will be made.

50 years is hell lot of time,in 50 years almost everything is predicted to become digital,maybe there remain no cash and only digital payments for full transparency.blockchain technology will also improve on certain factors as other technologies are improving.stating about the bitcoin or ETH will live or not or what will be its price their prediction is quite a difficult,although few number of possibilities can be formed,maybe some better technology then both these current coins may release that it overshadows both of them.

It is funny that governments are going to do everything to avoid bitcoin or other decentralized currencies to succeed when that will help the population of their countries, a currency that has so low inflation and that keeps reevaluating will be better for the world, but they have abandoned their functions long time ago and the only thing they care is about themselves and to maintain their positions of power.

I suppose the changes will be seen earlier, in the nearest 8-10 years. Today they have already started to talk about decentralized internet. Less people will start using banks, and banks will have to reduce their commissions.

The technology will grow, the blockchain will also grow and have new features, a more efficient and cheaper system. We will see later.

While talking about blockchain you guys are only focusing on Bitcoin. But the OP is talking about the technology blockchain and it's larger than just cryptocurrencies.

To be honest the blockchain technology has far more potential than Bitcoin. If a day Bitcoin die, blockchain will still be here. It can be used in so many fields, like banking, real estate, health, insurance, tourism, and so on. And the best part is, since it's a quite new technology, we have seen nothing yet with its potential.

In 50 years the technology will maybe be used for some things we only see in movies

it's hard to imagine. As far as I know, the detachment already wants to use in elections, further in education, instead of final exams, although in some countries this has already been done.

So far if the development in blockchain will continue probably digital currency will last for a long period of time and I think that's what developers are focusing now it is also one of the reason why there are many hard fork to introduce other alts they want to established a more faster and unlimited supply of cryptos that can sustain the increasing world's demand I just hope they will find success out of it and that cryptos will stay forever for us.

I think that with the digital economy, at some point, in the latest of our lives we will be able to see how we have spent all our money thru the years and we can have a general view related to our incomes.

Blockchain technology will definitely be used widely in the future, the world is going into phased where technology is being used everywhere. The only question is will it be bitcoin or governments will create a new crypto currency using the same technology. On the current hype that bitcoin is having almost all of the authorities are skeptical about it, they are seeing it as a threat on their current fiat system and might replace it. Bitcoin community doesn't agree on bitcoin being regulated and government won't accept something instantly specially if they can't control it.

It will definitely be the thing.

And yes, I agree with your prediction that the problem that would arise will be that concerning as to who will regulate the blockchain technology. This problem is pivotal since it will determine the success of all others who invested in Bitcoins and others of like nature.

The digital age has gotten to a point of intrusion whereby even the most powerful of governments can find it real hard to monitor those who transact with it. Hence, since it seems uncontrollable as of press time, there are many control freaks that want it outlawed for the simple reason that it is an evolution that is beyond the control of governments. Of course, all governments across borders demand control from its people. There lies the problem in there.

I've done quite a bit of digging into what a blockchain is. After looking at many respectable sources including Andreas Antonopoulis, I've come up with a pretty solid definition linked below:

https://decryptionary.com/dictionary/blockchain/ (https://decryptionary.com/dictionary/blockchain/)

This comes from my passion project, Decryptionary. It has 200+ definitions, simple visual walkthroughs and word lists by subject. I'd appreciate honest feedback from the Bitcoin Talk group.

Seriously, next 50 years, there will be many technology in Digital economy was created. Blockchain could be one of them or maybe leave behind, this decade many brilliant people which ideas to change the life's including Satoshi. Digital economy are the future ways how's people doing transaction. We can't using primary fiat to do buying stuff anymore, we have shopping online which growing every year. Soon or later, human life will be going to digital world.

i think the digital economy cannot take us, because we have very strong in the world trade market. everybody know about the  bitcoin very well. it is a new and  the easiest way for keeping you with you not with banks. it means that the digital economy can't take easily.

Banks are just going to evolve and adapt to bitcoin, I'm sure they are thinking about it, if possible they are going to prefer bitcoin to be destroyed but if that is impossible they are going to try to become the winners in this new system, in fact I will not be surprised if banks have already began to buy bitcoin secretively at cheap prices the last time bitcoin crashed so it is possible they are in fact interested that bitcoin gets major adoption to make a lot of money.

I agree, we are already seeing many of the hundreds of different use cases for blockchain technology and I think that we will only see more and more in the future. Cryptos are largely associated with finance but one day I feel they will be used widely across sectors.

i think the digital economy cannot take us, becase we have very strong in the world trade market. everybody know about the  bitcoin very well. it is a new and  the easiest way for keeping you with you not with banks. it means that the digital economy can't take easily

Knowing what will happen in a few seconds , hours , or days is impossible for any person in this whole world and it's no doubt that the greatest mystery of all is tomorrow .
So we really can't predict or speculate on such a long time frame that may hold revolutions , enhancements and life changing inventions , or extinction to man kind .
But such fascinating technology as the "Blockchain" will certainly play a big part in the future of our economical system because it has managed to provide a substitute to what we know as the traditional banking system and it has succeeded on so many levels to bring so much innovation, futuristic ideas and tools that made life easier .

of course leads us to riches. digital economy will make us a new entrepreneur, whether it is a reliable trader, or make us an excellent accountant.

Well digital economy is for sure..take us to a world which is more flexible, more open to everyone and where gold and other currencies are not given that much importance, also, it will give the stock exchange and the gold market a big blow.
People will be able to track everything, every transactions and make everything easy for everyone.. it will reduce the corruption and will help in various other sectors too...
Bitcoins will help the blockchain technology to grow..we are already using it in a big way in places that one would never expect.. thus I think government and other authorities will also adapt it and put it in working making everything more transparent.

My future vision that the digital economy will take us to newest and  most high technology of digital currency form,that can serve us  fast trading exchange, in a  split of a second and all hard fork problem will eliminate,and all transaction  in the banks will become a dependent on bitcoin legacy,and people not using  a paper money  of all transaction in buying and paying bills,and lastly that time bitcoin is legalized by the world government that thing happen in bitcoin soon in 50 years.

The blockchain technology is truly a remarkable innovation in this century. There are some banking systems and businesses that have adapted this technology even though it's still in its early stages of development, and, there will be more in the next 50 years.

Blockchain is currently a sophisticated technology and currently there are also some major projects that utilize Blockchain technology. I've heard that there is a development of a BANK using this technology, If this is true then of course digitalization would be the best option for future use. Inevitably we must be ready to use technology that is more sophisticated, because if not implemented from now then everything will become increasingly difficult. Technology is created because to simplify all the activities we do, the various sectors that become one of the most important part must be able to apply the technology. I am optimistic that there will be times and conditions under which we can apply digitalization in everyday life, including implementing blockchain technology and using Bitcoin in transactions every day. Someday the world economy will change and will be different than now, everything will be online and this is a demands of the times. Blockhain can still be used and I think not only for 50 years, Blockchain can be utilized much longer.

No one can predict what will happen tomorrow with 100 percent certainty, yet alone for 50 years. But one thing is for sure, and that is that blockchain technology brought something new to us, and changed future forever. In near future we will see more and more currencies based on blockchain technology, which we see even today. At the end only best will survive, and for that we must wait and see. There is possibility that in the future all currencies will be based on blockchain or something that will come from it.

Into a better and smooth society which is free from corruption because it is decentralized.

Probably will be replaced by other technology.

why your title difference than your topic?

Banks are unlikely to embrace Bitcoin or some other crypto any time soon. They are all heavily regulated, and it is impossible for them to start accepting cryptocoins entirely on their own. In short, it won't happen until central banks allow them to do that, but this is even less possible because crypto is a strong competitor to national fiat currencies. Only a few small countries have accepted a foreign currency as legal tender, but no country has so far accepted Bitcoin fully.

Brave New World, Blade Runner and so on, simple!

Even myself isnt really convinced that we would really come to this point on where bitcoin or cryptocurrency would really become the mainstream and would potentially be accepted by central banks. I dont believe such thing to happen because they wont really allow that thing. Rather than on accepting those things they would rather create on their own which we know it would be regulated or centralized as well.

that is actually what bitcoin with its advanced technology can do ideally in the real world , but did you know that not much people with superpower out there take it as advantage? mostly they are afraid to adopt this kind technology .

reasonable enough as it is like about to stake a lot of people life so requires a careful decision .

Yes it is true that no one can predict bitcoin properly. I have seen various circumstances and I think all of these things will say that blockhain technology can be applied in our financial system in the future. We all know that blockhain is an advanced technology that we can use well and correctly. There should be a variety of support to be able to implement these technologies in the future. But we all believe that someday blockhain technology can we use appropriately and beneficial for various financial systems in the world.

Digital Economy might either lead us to an even worse economy if technology were to be handles improperly. There could be a risk of a lot of unemployment if we just keep on letting electronics lead our economy. The basic application of technology in our daily lives already proved its simplicity in doing all the processes. An application of technology in the whole economy could make up for its worst or the best. It will depend on how the government manipulates the blockchain technology. It can be either ruined due to high taxes in transactions. No one really knows what will happen, but as what I can suggest is to develop the blockchain technology even more.

I guess we're going to have adjustment in the economy and it should be on process. yes the world is changing we should change for the new infomation age or technology age.. Digital revolution will take over this era.

human knowledge  is really bringing us to new age as crypto might represent the new system it will bring economy to its new identity, if most of the countries recognize this system digital economy will make it much better and easier for most of us who understand.

  Blockchain technology necessary to develop and this will always happen to stop it is impossible, but there is one very important point which is always worth paying attention to is that the decentralized blockchain technology can be centralized and have even come altcoins where there is centralization and it is very dangerous if a large state or large large financial institutions or private investors will be done in a Monopoly on the blockchain

It soley depends upon how we make use of it,
If given .. great direction...it will make everything easy and make economy stronger and it can even make poverty a thing of the past if.. everything went well.

If it isn't implemented correctly, it can cause.. very big problems, for everyone! And everything can go down too.

I think it will for sure.. make the big money whales in the market even stronger, whereas what will happen to Poor's is a difficult thing to tell because I haven't seen.. anyone officially coming forward to answer this question.

I think the digital economy gonna take us into a cassless society.

The future will definitely will be largely run on technology, and this will give cryptocurrencies and Blockchain tech more power to control and lead the financial market. Transactions will be done in milliseconds, third parties will be eliminated and there will be even more Freedom when it comes to dealing with monetary related services.

If we can improve more of Bitcoin service now especially the transaction speed and transaction fee we can see gain of Blockchain technology more than we are expecting now,

Obviously for the past year or so the cryptocurrency have started getting more and more popular, and this lead to goverments starting to have actions for it, some have already ban using it because they can't control it and others just accepted it, the Blockchain technology allow us to use crypticurrencies without having to be controlled by banks or goverments, so for the next upcoming years if cryptocurrencies become more and more popular, goverments would have a big probelm, because people would be using it wthout being able to track down transactions and the floow of moeny in and out of the countru which could lead to it being used for the wrong resons.

One recall memory will take you 899 credits (Bitcoins)!

You gonna love this Dough!

We are already here guys!

Isn't it great?

P.S. Isn't it worth a miser 300 credits more?

:)

Mark this post!

Spot-on mate! Aye!

If fiat currency will fall down but digital currency cannot replace it because fiat currency is our tradition,it is good to us if we use digital currency as a bitcoiners we can easily do any payments without any hassle,but the government will not accepting that fiat currency lost then exchange to digital currency because the government cannot control digital currency because of the blockchain technology,that is good to us as a bitcoiners that many years will come digital currency will improve and become much popular and many investors will come, and also people joining bitcoin will increase it's population and if it will happen bitcoin price increase very high and they will develop a new platform and blockchain tecnology that bitcoiners can get big benefits.

No need to mention that blockchain technology is used in crypto currencies, so i don't find any particular reason due to which this technology will be replaced by some other Technology. There might be improvements in it with time and definitely there will be. I think we are just entering into a new era. After a decade or two digital currency will be used in even micro payments and maybe by that time we will have no paper money.

Maybe the currency in circulation that time will be all cryptos and everything will be machine automated. Cashless and we will be living in a virtual world. I am thinking of a world making transactions and conversations virtually. Every transactions will be in a click in your browser.

I do believe tjat this technology is really tge future of humanity. People will no longer be seeing tge need for a normal fiat because digital currency can already serve its purpose. Majority of the people will surely be into it ib tge coming years and greater numbet of institute will be accepting it as a form of paymen. Definitely ib more years its going to be fully developer anf there will be lot of advancement to happen. There is sudden demand for this and thia only sures that there is bright future for digital currency.

There would really be improvements to happen and theres no doubt on that because im sure that people do already see that blockchain technology would really be applicable into traditional things specially on banking system which we would really make some innovations which it would really be a big convenience and thanks for those who invented this technology.

Properly will changed by other technology. blockchin will change world in the next 50 years.
Digital Economy will going up and many investors will invest more over Digital coins

The technology is developing so fast that people don`t get bothered even to write books about it, so before 10 years there was not even a blockchain and after 50 years i believe it will be replaced.

what happens to the future no one can predict, but I'm sure the blockchain technology will bring changes to the world's banking system. Let's wait for the next year to look at the broader forms of utilization of this blockchain, which I'm sure will become ubiquity platform for future electronic transactions.

Hi, how are you? Probably, in the future it will be the new currency that governs the world.

Token economy is the future of economy, will happen sooner than you think and is probably fully developed at 2030.
Bitcoin , LTC etc are empty tokens, when I say token economy, I mean tokens with direct connection to real assets.

All I see right now is the government being more involved in blockchain technology by trying to regulate it and bring it completely under their control. The technology but will still be used, though it won't be decentralized anymore. This centralization will have its both pros and cons.

I think that the government will have to adapt these technologies for itself and introduce into the country...it is important that their modifications wouldn't be harmful to people

It is hard to predict what can digital currency can bring to our economy we need adaptation first so we can start just like those othe countries. But I am seeing bitcoin could lead us in a positive way, they were just having a hard time on how to regulate it.

Digital economy will take us into a better and brighter future. It will revolutionize the government, technology and the economy itself.  It will also help us to upgrade in life and to be more productive in the upcoming years nor decades. Inshort, digital economy  will improve our country.

Bitcoin is less than a decade but looking at its price right now, it should be worth owning at least 1 btc. You'd be one of the luckiest person to have one, there are also thousands of altcoins to invest with. Enjoy your life 50 years later, for those are worth a lifetime of work for someone who didn't have the opportunity to invest in crypto. If you own ETH keep them for you can retire with millions and move to warmer place.

Within 50 years I think the economy would be better than it was a fee years earlier. Of course that’s usually the case and with the help of these cryptocurrencies the digital economy of a country would be huge and we’ll never know, even on small countries a big development will take place too.

A lot could happen in 50 years. For me, Bitcoin may or may not be in use after 50 years, but Blockchain technology will definitely be in use after 50 years. As what tells us in the news, some banks already using blockchain and there are banks who plan to use blockchain technology. Even Facebook is thinking about using it.

nobody can predict the future of the particular technology even blockchain technology currently is so popular but people can't ensure blockchain will survive for next 50 years but at that time i'm pretty sure it will happened digital era which mean people will do their daily life activities helped by digital stuffs

The digital economy permeates all aspects of society, including the way people interact, the economic landscape, the skills needed to get a good job, and even political decision-making. Our emerging digital economy has the potential to generate new scientific research and breakthroughs, fueling job opportunities, economic growth, and improving how people live their lives. These changes are happening all around us. In Kenya, mobile data is being used to identify malaria infection patterns and identify hotspots that guide government eradication efforts. Vehicle sensor data from delivery trucks, combined from mapping data analytics, has enabled companies to save millions of gallons of fuel and reduce emissions by the equivalent of taking thousands of cars off the road for a year. Farmers from Iowa to India are using data from seeds, satellites, and sensors to make better decisions about what to grow and how to adapt to changing climates.

This is a very innovative technology not even sure who engineered it as we only acknowledge the likes of Satoshi, Vitalik etc but as far as i know the Blockchain technology will be with for a very long time as it removes a lot of irregularities in our current system thanks to its transparent nature...we should expect very industry to have a piece of this tech.

I am sure, in half a century blockchain technology will be history and will be replaced by even better technology. Even today we have first further developments inspired by blockchain technology like DAG-based distributed systems or hashgraph. Just imagine the opportunities for distributed ledgers created by the utilization of quantum computers which will be ordinary in 50 years.

Well, the way I see it, block-chain technology will surely do bring us to the future. And either it will be a great future or a bad future of monetary system for the people will entirely depend on the governments and the people if they will fight for what they think is right and not let governments enforce their selfish ideas on it to have selfish benefits that only the rich and the likes of them can enjoy while others or the poor people will be the ones to suffer. Because obviously, by that time, governments have either already found a way to regulate cryptos or made their own that people will have to use instead of the old cryptos that may already have been branded illegal. That is what I think.

If not could be the next generation of technology and business commerce, blockchain technology could be the start of another technology i mean its system and feature could be used to create another type of technology that is a lot better that's why the market of cryptocurrency is still uncertain in the future if it will be stay healthy or not.

To our future, where lifes is even better with Bitcoin.

As long as people still interested and believe on it, teaching and sharing to other people might be of great moved so we can gain massive adoption about crypto it will probably still kicking

They will go beyond our imagination which is not in our dreams now. Might there no paper or coin money again, the transaction are very secure and easier which no longer bank will settle their place in real world but everything would be digital.

totally agreed on this,this community can give more than government may provide if we will keep away from the policy of government and their interference.but i can see government wont allow this to happen,as time passed by government will push their policy inside and this will result to the crash of population in crypto,so lets wish befor that time comes.we had gained enough to run our lives in wealth and can live without crypto

we will never know what will happen because cryptocurency is flucative but considering the technology it uses is blockchain I think it will last in the long run, now there are already some banks that have used blockchain technology and will increase, so I think crypto will survive for 50 more years though not all of them.

Predicting opinions about the high time frame of next 50 months is difficult but I believe that it won't be that difficult while inculcating something new as we already have the faster quality communication channels like the internet connectivity. I do see there will be altcoins for each and every sector, for example: we might use medicoin to deal with bills from medical industry with a global patient id tag or we might have a foodchain to pay for the food bills around the globe.

Apart from the financial sector, I do see blockchain would also influence the non-financial sector such as handling paperwork in terms of authentication to simplify KYC on a global scale, Maintaining a huge data bank for the purpose of advertisements etc (Basically the data that giants like Google/FB have collected over the years).

it's really hard to predict what will happen to digital economy but I'm absolute that people will eventually utilize the use of blockchain. Big companies now a days are looking at block chain now to innivate their product and services. Cryptocurrency will be adopted by business and soon government but it will take time. It's not easy to say if it will take less than or more that 50years but all of that will happen maybe in a blink of our eyes or maybe after our lifetime but blockchain and cryptocurrency is surely here to stay.

The first to be fully modernized with blockchain technology is the first world countries or the most advanced nations because they have the capability to create and build any advanced technology. Many years from now, blockchain technology will be used by majority of the businesses and governments around the world.

 
I'm sure that the blockchain will be on another whole new level. Governments around the world will surely decide that each country should have their own versions of blockchain because that is how it always ends up.

This will lead to an era of ease, from digital technology to an increasingly evolving economic field proving that humans have really been able to make a difference to the world.

Well, if this digital economy will last over 50 years it would be a lot of people have been getting rich because of unexpecting price that might get you over a nice ICO. This is because it will adapt many product lines to make it popular world wide for making ads. to different languiges because of a people behind the product that promotes.

Block chain technology will bring us to the future were people live with out third party and pair place to live every one will be given opportunity to participate in the market place, people might have a financial freedom away from debt created by the banking system. Because block chain technology is decentralized system nobody can dictate.
 

There are a lot of things that could happen in the next 50 years, and bitcoin could be considered as one of the currencies accepted worldwide by then. If the blockchain technology would still be here by then I am pretty sure they have upgraded it to something worth used by the many and not just used through online but will be used at small stores and restaurants.

More and more well-known companies are moving to the digital economy. Lenovo for example has applied for a patent and are going to use the blockchain  to verify physical documents, they will have a digital signature that the computer can read.

I agree with you mate. Althought the new generation are prefer to use the new trend cypto market. The problem is those first generation that come , that also find difficulty in adapting the blockchain technology. We know that online transaction are now, launching different feature and it is more convinient. That's what makes the crypto industry or bitcoin market more popular because it has a lot of feature doing online transaction.

My spouse and i dont know, nobody is aware of what is going to happen, it is very unpredictable. But we all know that all this product is going to revolutionate a lot of things in the real world, on the real economy of course.

All those who are saying that bitcoin is super inflated, and that the cost is a dream come true, let me tell you that the purchase price is merely built on the money that folks have invested during the previous few years/months/days.

So if it is high, then it means that it is individuals are now trusting a little little more than previously.

And it can keep heading up, only that it will take some time to see it taking place, as it has always did, but the money revolution... hmm that will take some years, maybe decades to happen.

Digital economy  takes us a lot helps more thing faster and easier  every transactions

The digital economy will affect many industries, including education and research, accounting, banking, etc.

The digital economy will accelerate the communication of the global economy.

The digital economy will bring about investment and financing.

Technological advances are something that can not be avoided in this life, because technological advances will go according to the science of progress. Every innovation is created to provide positive benefits for human life. Provides many conveniences, as well as new ways of human activity.

Specifically in the field of technology people have enjoyed the many benefits brought about by the innovations that have resulted in the last decade. However, although it was originally created to produce positive benefits

The digital economy happens in our country will soon be the best and gives advantages to all of us.  More robots and newest technologies are invented in the future. It made our country more reunited and can easily talk and communicate when it comes to business also.

Digital economy will lead to the next levels of growth which is impossible to attain through the traditional system. In my belief it has got good as well bad, we need to try the best making use of it in the right manner.

We cannot tell things that would happen in the future because even predictions are inaccurate. Two things are for sure, one is either blockchain technology is the main system used, accepted, adopted and legalized worldwide or two blockchain technology remain struggling from governments regulations and critizism. Hopefully, we will be a successful individual that time and blockchain technology will also grant us the financial freedom we want.

In general, the digital currency is the future direction of development. This is an unstoppable trend. At present, digital money is still a great aspect of people's life. People can go out without money, only by electronic devices such as mobile phones. That's ok。 Digital money will continue to affect people's lives. This will change part of the world's economic way. I think bitcoin has a good future in the future! Even if it was 100000 dollars, I wouldn't be surprised. Ha ha ha ha ha ha ha

Crypto Currency  will continuously served for the entire country until 50 years from now. People really want to use bitcoin even it is not easy to use because this is the new technology would give them a lot of opportunity to become high level standard of living. The situation of current currency now is still standing in a strong position but for the Bitcoin Currency now  is  always on the front page of any different site in computer because of their price value would always pump and dump,

When the digital economy is implemented in the community of course that era must have been very advanced I think. I don't know when it will happen but it is possible that bitcoin is part of that digital economy. see bitcoin users continue to grow may be in the future government legalize bitcoin, who know?
but of course the government with its super power will also be upgrading the financial system and payment in their respective countries.

its a big impact to us if we use a digital currencies like bitcoin who also use blockchain it will help us to grow more our economy in the next few years we will see how blockchain can help due to digital currencies it may also help to fast and easy way of living and we improve our fast communicating by help of digital currencies.

Blockchain along with Digital currency or cryptocurrency will help us implementing us with the new future, The digital future, which is very strong and help us with ease, and also can curb corruption to some extent, block chain has this ability if its properly used.

No one can tell what will happen to the digital economy 50 years from now. We don't even know if it exist on that time. In my opinion, 50 years is a very long time to even think about it. I don't even know if I can survive that long. Jokes aside, it is safe to say that crypto currency will boom in the upcoming years. Bitcoin analyst are expecting BTC to increase in the upcoming years due to the increasing number of investors. Alternate coins are acting like a lifeline of bitcoin and attracting more investors. Things will be good for us in the upcoming years.

Not just that , but because the trend in our generation our the high technology that they offer. Because of it we can continue to improve, and develop the blockchain that we have now. We should make it more suitable to the users and supporters of it. Like bitcoin, we cant say that it is already a perfect coin, we can still improve it the way the developer wanted to do.

This is why bitcoin and other cryptocurrencies are needed if we want to avoid a fate like that, digital technologies are being used to try to control people in ways we have never thought possible just a few decades ago, slowly we are losing a lot of liberties and we need to fight back and a perfect form to do that is with something like bitcoin but while I have confidence in bitcoin we are not sure how successful it is going to become.

We don't know for sure but if blockchain technology and cryptocurrency trading will become successful i think many business already accept its innovation with this technology and most of the countries all over the world has their own cryptocurrency as well, who knows maybe fiat system will vanish as well.

Well no one really knows, no one can tell what is going to happen to Blockchain tehcnology  in the next 50 years, it could be a success or there could be a new technology that has replaced it. Well let's just all hope for the best.

The digital economy will likely be used extensively in the next 50 years, and coin derivatives with large technology infrastructure will be used as legal funds. It would be possible to raise a generation that would not know what banknotes and shillin money would be for many years to think, nor would it be a lie or a great claim.

We have our own way of predicting things that might happen in the next generation. In my part I believe that the digital economy will take us to the life that is financially free and stable, because it is used as an asset of gaining fiat, but I believe that cash less world is maybe impossible to happen because from the beginning we are using fiat and maybe in the end fiat will take the crown.

I agree on you.We may not tell at the moment what will be the right prediction for the next generation but as of now,i am very optimistic that digital economy will bring lot of progress to our individual's country but i can never really tell when will it last or it will be forever already.But i really think that it would be hard though to replace our fiat currency because from the start,majority of the people are already using it,plus the fact that is generated wholely by the central bank.

this is unpredictable, we do not know what will happen now and tomorrow ..
I think this is the worst thing, because
Blockchain technology is great if not supervised by the government. and that is happening right now in my country there is an issue the government will take part in this bitcoin.

Well I dont think that the future generation will really abolish the fiat in out daily live. We still need it in doing some simple transaction like buying a small in the market using bills. But we cannot stop the improving generation and the growing technology. So the best thing that we can do is to go and learn something new today.

for such a long period of time it is impossible to predict accurately. In some countries, technology will be introduced and used, while in others it will be ignored.

As time pass by, people find new and more functional ways to improve our quality of life. After 50 years? Are we still alive by that time. No one knows right. What we should do is to improve ourselve also. We should be a better person. Use our money in good doings. We dont actually know what will happen to the future but one thing is for sure and that is all change happen is for the better.

Advanced economy will bring us into a superior and brighter future. It will change the administration, innovation and the economy itself. It will likewise help us to overhaul throughout everyday life and to be more gainful in the up and coming years nor decades. Inshort, computerized economy will enhance our nation.

50 years will take ko long years for us to imagine what will happen to us then...where will this digital economy take us, by that time there will be another technology system coming up and countries by then is using digital currency

A digital economy is not a solution in itself, it will depend on how everything evolves, before bitcoin it seemed like the path to centralization was clear and it is obvious governments thought the same but now bitcoin has introduced a big decentralization force and despite its small size it seems it is destined to win at the end and governments are terrified of this.

I think the blockchain technology would lead us a digital economy. However, I believe the currency would still be issued by national bank, since it is about national defense or some more important issue.

I think most people are assuming that the next 50 years will be like the last 50 years, just with more connectivity and more stuff online (including currency).

But what if there is a world war, or a plague or some other disaster? In 1914, most people thought the future was like the past - increasing industrialisation, wealth and peace. Instead they ended up with two bloody world wars with more than 20 million dead.

Paper money will still be around in some form, we tend to think that technology will always move forward but there are many challenges in the future that need to be solved and there are many countries and places on the planet where the electricity or the Internet are not present in fact there are several hundreds of millions of people without direct access to water, as you can see the challenges are huge and while the digital economy will become common in the first world I'm not so sure about the third world.

In the next 50 years its something tough to say. I can say in that blockchain technology is being adopted by many institutions - which may or may not have any associated cryptocurrency. However every country or government will eventually have to accept the technology because of "Peer Pressure" though not everyone is going to accept crypto.


How is that even related to blockchain technology? Dont think so much about futuristic stuff because by the time it happens you will possibly not be alive to see it.

Well it will all depend on how certain entities will take it especially the establishments. These cryptocurrencies won't go anywhere if establishments are not willing to accept it as a mode of payment. They will be stuck as a way of earning money through trading or mining. But honestly if we are earning money from it I don#y see anything bad as it can help individuals to earn even a little extra outside of their jobs.

Bitcoin is the future of money and yes, governments are scared of this as well other crypto coins. That is why more and more countries are trying to regulate them.

They are well aware of their present situation. They know that digital currencies will be adopted by more people as time passes so before they really goes mainstream, better to regulate crypto coins to have a better control over them. A bright future awaits bitcoin.

The Digital economy will help everyone to enjoy the freedom of finances rather than relying on any third parties for transferring money world wide as the crypto wallet is only controlled by the single user and no one else have control of the user's finances. The digital economy will help to improve the financial situation of the world and uplift every crypto user's life by raising their standard of living and all will be able to enjoy equal benefits from the crypto network. All the Government's will start to accept the technology and crypto currency will be in the mainstream of financial markets.

Well, I can only build my imagination of what will happen with blockchain technology in the next 50years from cues given/watched from the futuristic movies. Especially the ones having to do with space ships and the likes; the technology will be way out of here.

In today's time, digital economy had been made several innovations in our life that helps us everyday specially the blockchain technogy. It helps understand that our today's monetary system is absurd and cannot be trusted that easily since they are keeping the records as "confidential". I believe that in the next 50 years, blockchain technology is fully acceptable all over the world and not as just monetary system but ledger that keeps and makes every transactions transparent to all concerned.

It will take us where we are supposed to be, where we can control money by ourselves also where we can do our business without involving the bank or any financial institution to help keep our coin. That is how it will be if the government does not stop it.

I believe in the future digital platforms will take a very important position in life. So digital economy will also play an important role in the economy of many countries around the world. Those countries that have the fastest cryptocurrency conversion and application will achieve outstanding results.

If blockchain technology can survive in the next 50 years, no doubt all countries that can accept this digital technology can grow and more advanced, let alone make it easier for residents to perform all transaction activities that can only be done with gadgets, chances are everyone, tends to prefer to bring gadget rather than bringing real money when shopping in large quantities because all transactions can be done easily.

Predicting what will happen or where digital economy takes us is guessing the unknown. Even I honestly don't know in the future.

That is only true if bitcoin wins the digital war because governments and banks want the opposite they want that every single form of payment goes through  them that is why they were pushing for the digital economy in the first place and were trying to avoid paper money but now they are realizing that they may have made a mistake since bitcoin has been invented and now people don't have any kind of problem using it and adapting to it.

probably there will be "a revolution" of economy, in which the interaction between parties will be more private and independent, there will be difficult for governments to settle acts and laws to restrict any activities of trading because the system of crypto is allowing us to set up business according to self idealism instead of states agenda.

Digital economy can either be centralized beleive there is a central point of control over the economy supply on decentralized where the control over the money supply can come

But that is a great problem for them, if they regulate cryptocurrencies then they are basically approving them and this gives people the security that the government is in some way or form backing this new form of currency and this will create way more adoption, but if they were to ban cryptocurrencies then they will need to try to prosecute people holding bitcoin and that is going to be impossible, so they really have no answer for bitcoin.

Well it could be said that blockchain could be the one in the most useful innovation in all time. It could be the easiest way to  transact and could be versatile in different criteria in market.

Blockchain technology, have great potential in the future. Beside as cryptocurrency, blockchain technology can use for many purpose. I think blockchain technology will more evolve and have many advantages in the future.

Over the next 50 years I think blockhaind technology will be growing to fit human needs into the century of modernization and with the development of blockhaind technology, of course, human dependence on computers will increase. With such changes, I think the application of financial systems in all sectors will inevitably follow the increase in human needs and of course the application of blockhaind technology will be widely applied by all financial sectors especially in the banking sector.

Blockchain is not a magic pill that will change the course of history or the course of future. It all depends on how people are reacting to new things and whether they are accepting or neglecting it.

How will it evolve? I understand you have zero knowledge of blockchain and development. It already has many advantages and its not the sole thing in the digital economy which this thread is about. In future more crypto may appear but the one which will survive is the one which is radical in bringing about changes to present economic system.

It's hard for humans to predict anything right in the future, especially over the next 50 years. Although the current digital assets of Blockchain technology is widely used because it is pretty good and very potential in the future. It's just that we hope someday, bitcoin will be accepted by each country, and validate its use in any transaction.

The blockchain is probably going to be around for a long time, what we do not know is if it's going to be around for a long time is bitcoin, there are many coins trying to take its place and there are many governments trying to destroy it or to replace it with their own currencies, that is what we really do not know the future of bitcoin.

It will be a long time but there will come a day when even this technology becomes outdated and there comes a new technology that usurps Bitcoin and cryptocurrencies. Obviously we have zero idea of what that will be, but I imagine the disruption will happen before 50 years is up. Not saying cryptocurrencies won't exist but I believe their role won't be as prominent in society as some believe today.

blockchain technology will be taken over by the government, and even then with forced. Because of that, fiat money is getting rid of new enthusiasts from all over the world.

From one technology (internet) has given birth to several other technologies such as one of them is the digital currency or what we often call the cryptocurrency that can be transacted and recorded automatically by Blockchain.

If seen from its function, Blockchain technology can last longer than cryptocurrency. With its functional nature, Blockchain technology can be adapted to the banking nor corporate and in fact blockchain technology can be applied not only in financial terms but can also be applied to automotive companies mainly to record authenticity on auto parts.

Advanced economy can bring nation into a superior and brighter future. it'll amendment the administration, innovation and also the economy itself. it'll likewise facilitate North American nation to overhaul throughout standard of living and to be additional paying within the up and coming back years nor decades. Inshort, computerised economy can enhance our nation.

Advanced economy can bring into a superior and brighter future. it'll amendment the administration, innovation and also the economy itself. it'll likewise facilitate United States to overhaul throughout lifestyle and to be additional paid within the up and returning years nor decades. Inshort, computerised economy can enhance our nation.

i think so, blockchain will live for a long time, because this is a technological development with many advantages, such as speeding up delivery time and also transparency. and indeed the government will take its role here

I understand that all of the answers will be speculations only because no one here knows exactly what will happen next. To say its a watch and see event which is yet to be happening. But for my opinion its a bright future for blockchain technology.   

Since our world are technology based and technology innovates every single day, digital economy will surely gets higher and higher as they give and fulfill all peoples needs in digital way.Technology creates easy ways to improve our daily lives and Blockchain economy are still alive and improve a lot.