Bitcoin Forum

What do you think that will come after this casino-like bitcoin economy? What is the direction we are heading towards? It's not likely that bitcoin would destroy all fiat money, at least not for a while. In my opinion crypto currency ecosystem will be self-sufficient. You will be able to be outside the "real world" and live peacefully. What is your point of view on this?

The next step is hopefully beyond our wildest dreams. As many programmers have noted the current iteration of Bitcoin very well could be merely a base layer on top of which many new sorts of technologies are indeed added not only to improve the BTC system but create new systems partially related.

The Future Of Smart Money & Property: https://www.goldsilverbitcoin.com/future-of-money-bitcoinomic/

Has anyone read New rules of economy by Kevin Kelly? It's amazing what technology allows us to do. What's your tools to assess where we are heading? It has to be something that aggregate current point of development in bitcoin market. I don't have in mind capitalization but rather services. How do you keep you updated?

shift is happening ... BTC whill whipe all other Currencies out, one by one - maybe even in a domino-fashion as soon the smallest inflationary crisis strikes ...

this is probably the biggest thing happening in our lifetimes if WW3 does not break out and aliens dont invade earth ;)

i am sure 100 years from now there is no more USD and no more Yen or Euro. That is when 1BTC has the equivalent purchasing-power of 3,6million USD today ... calculate currency in circulation worldwide today divided by 21million BTC - you get around 3,6Million USD. That's the pricetarget if the dollar does not inflate - but it will ... so let's stick to purchasing-power ;)

i was just setting up similar thread before reading this:

https://bitcointalk.org/index.php?topic=288133.0

https://bitcointalk.org/index.php?topic=288201.0

It can only happen when btc is quite stable. To that point It could be problematic.

I read your posts but there are only problems with casinos. I'd like to know what will come next. If big btc business are on the way or if we are stuck in this mining pool-alt coin-casino triangle. What do you think about that?

I hope we're not stuck in an Asic-Madness-Altcoin-Circle ... would be very bad ...

But some phantasies for the next step:
- transnational companies / global supply-chains use bitcoin. Could be very practical, like food-companies use palettes. Why not? At the moment they waste a lot of ressources with changing money and sending it through the world.
- Porn uses it for microtransactions, and when it works, video-on-demand, newspapers, music-on-demand etc. will follow
- computer games use it for their intern economy
- immigrant workers use it to send money to their families.

I don't think it will come fast. If. At the moment we're in speculation area, and there will come and burst some bubbles more ...

It's clear that people will be trying to create new altcoins, mining pools, casinos and so on. But it's going to be less and less profitable once few players are established on the market. Now it's harder and harded to entry to "older" sectors. You have to push it really hard in order to gain small percentage of the market.
For example we were disgusted with same-looking pools so we developed brand new front-end. It took us 3 months and nobody even try to mine there. In the beginning you only need some key features and that was it. Not anymore. As sectors mature, there is less space to another player.

-You could be right about international companies but once again, volatility is the problem.
-Projects which wasn't working with fiat money, won't work with bitcoin. Question is if old players start to accepting bitcoin or new players emerge who will be operating only in                                                       bitcoins/altcoins.
- It's possible that bitcoin will be in games but only as long as it will be clasified as internet money. Fiat money aren't in game because it has to look less real in order to confuse people.

 

I hope bitcoin becomes the premier currency for the internet.