What will happen with Blockchain technology in the next 50 years?
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. 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. |
|
|
|
What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
First time. I started cryptocurency trading, I did it with $200, and the same amount was what I used to start up forex trading too. I don’t know if anyone here uses platforms like iQoption to trade cryptocurencies, I heard iQoption allows deposits as low as $10, and you will also be getting a percentage (either 50 or 100%) on your first deposit as a new member, if the deposit was made from their mobile app. I just read that from one thread in this forum. I have always thought that accepting deposit bonuses is a bad idea, as far as I know it works very similar to the deposit bonuses of casinos where you need to make a lot of bets before you are able to withdraw your money and since we are talking about trading and not gambling, it will be irresponsible to think of the two as the same, so you cannot take the same kind of risk in trading as when you gamble because your aim is not to get fun but to make profits. |
|
|
|
i think there are not capable or lets just say no coin has ever achieve what bitcoin has already achieve lets just say that ethereum can but how long would it take if the bitcoin is continuously innovating itself i think it chances are slim to none
Bitcoin is too slow, so it won't take much time, believe me. Bitcoin is not going to be this slow forever the greatest step to change that has already happened in this year which is one of the reasons of why bitcoin has gone up in value so much in the last months, and when bitcoin is finally able to process hundreds of thousands of transactions for a cheap fee, people are not going to need any other coin other than bitcoin. |
|
|
|
Russia with such idiots in power will never have a future.
Russia has some of the most able leaders in the entire world in power, they are better than most people leading countries in the west, they are realizing and with reason that bitcoin is dangerous to the survival of states around the world, so to me it makes sense they are very careful when it comes to bitcoin, but different countries have different priorities and culture, that is why Japan accepted bitcoin so quickly. |
|
|
|
If you are interested in arithmetic it is more profitable to buy bitcoin. But there is a significant problem. You for life, you must have the Fiat. You will have to sell some coins to provide for their needs. In this case, the number of your bitcoins will be permanently reduced. Coin mining will always be profitable.
I have this in excess of what i need. Therefore the $1500 is here, and ready, to invest. My question which investment is better? I think in these times where time is critical you are better buying bitcoin than mining, mining could give to you better profits in the long run, but taking into account all the time you need to wait, the taxes you need to pay and the added cost of mining, it will take you a while for that to happen, in the other hand buying bitcoin right now is something you can do immediately and if bitcoin skyrockets in the next year your profits will be better than if you bought another miner. |
|
|
|
FLASH is the proper description for it but no panic Bitcoin is back on track.
I think we are going to see this far more regularly. Someone posted in a
different thread that as the price gets higher the volatility will increase......
or something of that nature.
isn't it just the opposite? The larger the marketcap the lower the volatility? because you need more and more money to even influence said coin. But that is only true if you are holding dollars, whales are holding bitcoins so it does not matter if the price of bitcoin is very high in terms of dollars they are still holding bitcoin which means that they still have enormous power to influence the price no matter how big is the market cap, they know this and this is why they refuse to sell and to not buy again since they will lose their power. |
|
|
|
I didn't mean the Chinese government, I meant the Chinese miners. It would still be decentralised, just largely around China. Has there been any attempts?
There are quite a few alts that I've never heard of that were huge in China. But I don't think there'll ever be such a thing as a crypto that sticks entirely to only one country. If there's action then everyone will want in no matter where they are. And there are now no reliable Chinese markets so something China focused wouldn't get too far. I think that if China got their own currency it will take too much time for people in the rest world to accept and regularize that currency because there are many currencies in the world which still did not get registration and is not known to the people rather those currencies are there in the market for a long time. That’s why I am suspicious about Chinese currency if they create their own besides bitcoin. Bitcoin is world acceptable currency and no other currency can replace it. If they created their own crypto then it will be just like their national currency, no one uses the Chinese currency out of China so it will only be a local coin, I know that I would not want to hold such a coin for even a second, and taking into account the draconian control of the people the Chinese want to have it is unlikely that foreigners are going to be allowed to hold it either. |
|
|
|
Heyho Reader,
Long story short, im a relatively new trader and ended up with this portfolio at the moment:
35% BTS (Bitshares), 30% CLOAK (Cloakcoin), 9% ONION (Deeponion), 8% BURST, 7% VEN (Vechain), 6% VIB (Viberate), 5% NEO.
Im thinking about changing my portfolio completly to something like this:
30% BTC, 20% BTS, 10% ETH, 10% LTC, 5% BCH, 5% NEO, 20% other ALTS.
As i said im new and lack alot of experience and skills, so i highly apprecciate any suggestions. I have just a small budget.
~peace
At the end which portfolio you choose to keep will depend on your thirst for risk, more risk means more money but more losses as well, the first portfolio is a lot more riskier but if you want to try it then do it by all means, your second portfolio is a lot safer since 50% of your investment is in more solid coins like BTC, ETH and LTC since I'm not a risk taker I like the second portfolio a lot more but that is just my opinion. |
|
|
|
As artificial intelligence (AI) software becomes more sophisticated, corporate accounting departments are in for a shakeup, according to new research. A survey, which was conducted by Censuswide on behalf of accounting automation software provider BlackLine, found that 78 per cent of financial professionals believe AI technology will play a ‘significant’ role in their department, while 29 per cent expect the role to be ‘very significant’. Financial professionals understand the growing power of AI tools and the implications this has for the functioning of the finance department, since a third of respondents believe AI tools will undertake strategic financial decisions. For more information: http://www.insidesap.com.au/ai-transform-finance-department-study/AI is something to fear but not because of what movies in television make you believe, there is not going to be a war of the AI versus humans but what it is going to happen is that more and more humans are going to be rendered obsolete as the AI can do more jobs and more efficiently than any human, at some point even specialized jobs are going to have the same fate and this is going to create a social and economic crisis. |
|
|
|
So the world wide hype machine kicks in, money floods in, goes to 20, 30, 40 K corrects back to 15 or 25K, or do you think we will see a deep correction soon back to say 7000 or something?
Long term I am 100K to 1 M all the way but interested to know your thoughts.
Personally I think this is a point of no return, bitcoin is not going to decrease in price that much, the attention of the media is going to be on bitcoin and in my opinion that will create a frenzy over bitcoin and it is possible we re going to see a bubble forming, I do not think we are in the bubble yet but if things keep going in this direction I think we may reach the peak of the bubble in 6 months. |
|
|
|
What coins would you guys recommend for short term gains this week or so?
Are there any major events/ pumps taking place?
Do you think Monero will continue going up in December?
This kind of thinking in the short term is going to ruin you, investments are not supposed to be made for a few weeks if you are willing to invest then be ready to make an investment and keep it for a few years if you do then big profits are possible but to think you can invest in a coin and get earnings in a week is going to cost you a lot of money since it is known that holders make more money in the long run. |
|
|
|
Will Bitcoin with its decentralized system cause worldwide economic imbalance or collapse in future?
Businesses (and individuals) may start to accept and pay with Bitcoins to get away from the prying eyes of the government (and taxes). Governments currently use monetary policies to manage a healthy economy but they will not be able to manage Bitcoin and will be helpless if the economy goes to the dump. Governments may become starved for cash since it will harder for them to tally up who owns how many Bitcoins. Rogue regimes like NK may be able to peacefully conduct business under sanctions causing security issues.
Will Bitcoin eventually cause economic chaos in the future? Or will the freedom created by Bitcoin result in a greater economic growth and more tax funds to government?
We have a live one, this is NOT a drill anymore.
Bitcoin is not going to cause a collapse, the collapse is coming anyways with or without bitcoin, we do not know when it is going to happen but it is going to happen since the world is submerged in a sea of debt, bitcoin is only going to allow people like us to escape from the worse effects of it and maybe even benefit since at that point fiat will be worthless and we will still need a medium of exchange. |
|
|
|
IOTA price now = 1,25 USD
IOTA price END2018 = 50,00+ USD
IOTA Lambos at the End of the year 2018!
I like IOTA and I like that fact that is not a copy of bitcoin and that is a really original project but that is a 40x increase in a year you want IOTA to have a 140 billion market cap and while I like IOTA prospects if you are relying on IOTA to reach that price you are going to be disappointed since there is no way it is going to reach that price that fast, with that market cap IOTA will become the number two coin in market cap only behind bitcoin. |
|
|
|
The government will accept this market in future they won't have any option the value for bitcoin will increase by so much and private business will also start preferring bitcoin and after sometime the government will have to accept bitcoin in the economy with all the oressure from people
They are going to accept it but the issue is how are they going to accept it, are they simply going to say OK and let bitcoin do its thing because that is very unlikely, what they are going to try to do is to try to regulate it but I think that at the end even that is going to fail since people are going to try to get around that regulation and bitcoin is perfect for that since no one can take your bitcoin from you without your consent. The future is good, but regulations are going to be established by the government. Recently rumors are there that there will be country specific coins to be introduced. So mostly it will be accepted for sure, but we will see restrictions and rules implemented upon it, be it country specific rules. I'm not worried about countries creating their own cryptocurrencies I know that is going to deceive a lot of people but at the end they are going to create their crypto with the same flaws as their fiat, people do not choose bitcoin to be fashionable we choose it because it is a superior coins and they have no interest in creating something like that so bitcoin will always be the number one cryptocurrency. |
|
|
|
There are studies which claim 50% of current jobs are vulnerable to automation. The potential for mechanizing jobs is debatable as are the implications. There are many indirect points of interest such as the end result of replacing humans who pay taxes with robots who do not.
Artificial intelligence is a hot topic at the moment with considerable myths and hysteria surrounding it. There are also political angles which could be taken into account in terms of military drones and robotic vehicles centralizing military power under a single authority. The survival of republics may depend upon decentralized power in the form of congress, senate and different branches of legislative power. Drones have a net effect of centralizing this power in a way which could empower totalitarianism.
It is possible that artificial intelligence is an incorrect term to describe the recent uptick in automated software. Many of the AI utilized in games like chess or go are brute force machines which attempt to calculate every possible scenario. There is a question as to whether a machine which brute forces every possible combination can be considered "intelligent".
Many of the gains in the AI industry have come from moore's law and the number of transistors etched in a silicon chip roughly doubling every 24 months. There is a considerable question mark as to whether a machine which utilizes brute force logic could ever fulfill the job of a police officer, fireman or role which requires considerably more critical thought and computational power than a simple game of chess.
Correct, computers do not use abstract thought the same way humans do, in order to solve problems computers use their speed of calculations to solve the problem, you give a good example in chess, now computers play better chess than humans but they do so by having millions of games in their memories and checking millions of variations on every position and that is not the way humans play chess at all. |
|
|
|
Nowadays,such doubts are arising more that bitcoin would have been created by the group which wants a one world order to be established in future.Already,some groups are said to have influencing the world economy and dominating.Such doubt arises since no one actually knows who satoshi is and what forced him to create such a coin which could not be even challenged by any governments.
I think such doubts are unfounded, why the elites will go through he trouble of creating something so difficult to control, just look at the Internet despite the censorship you can say almost anything you want on the Internet, there is almost a complete freedom of speech which is not something the elites would want, bitcoin is the same it gives us freedoms we never had, why create such a coin? |
|
|
|
most of altcoins is dead coins (waves with them) Bitcoin , Bitcoin cash , ETH destroy all alt
You are correct in the first sentence of your post, most altcoins are dead and are not worth our investment but I disagree when you say waves is one of them, waves is a project with constant development and that keeps improving it has a good market cap and an user base that is very enthusiastic about the project, that is the recipe for success and to think otherwise is a mistake. |
|
|
|
Reading the article, I would say its more of comparing unrelated items and from that trying to make one looks good more than the other. Visa is a payment company just like MasterCard or PayPal that enables people to have access to their money for those who relies on the debit cards as against the credit cards which you are allowed to spend more than what you have. Cryptocurrency on the other hand is not just one company but series of coins being valued. Now comparing a ton of coins with a company and saying one is better off, is just an uninformed conclusion if you ask me. It is an apples and oranges kind of comparison in that you are correct, but since bitcoin and altcoins are completely different than anything that came before that is the only kind of comparison we are going to get, however even with all the transactions being settled in all the cryptocurrencies we are still far away from visa, that tell to us there is still a lot of growth for bitcoin in that area and when we reach visa in that aspect as well the whole market of crypto will probably be worth trillions of dollars. |
|
|
|
What will happen with Blockchain technology in the next 50 years?
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. |
|
|
|
What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
The minimum amount to start trading will depend entirely on the reasons for your trades, if you are just learning then just deposit the minimal amount on the exchange and begin trading with that, but if your aim is to make money then you need to figure out what is the minimum amount you will be happy to earn every week and then figure out the percentage you think you can earn every week, then and only then you will be able to know the exact amount needed to start trading. |
|
|
|
|
Show Posts
