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Many of us dealing with cryptocurrencies like bitcoin see a future where fiat will be overrun by it. Of course since we're aware of the advantages of crypto, we're going to have the perspective of a digital monetary system in the future. But for thr majority that doesn't know btc that well, they won't see btc to be a threat yo something that they've been using ever since. We'll see in a few years but its likely that fiat and crypto will both be used
Thank you. What I see a lot around this forum is advertisement of services like one that you have under each message, I will definitely wright about this significant detail, but still I can't find the proper way of interpretation. All this casinos, free coins, lotteries, etc. are like huge machine of desire, something very similar to mythology of Las Vegas - accessible easy money. Things like this must work only in pair with context of wealth, that is not possible anymore outside BTC cause of disillusionment, tiredness and financial crisis in the world. Am I right? |
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Many of us dealing with cryptocurrencies like bitcoin see a future where fiat will be overrun by it. Of course since we're aware of the advantages of crypto, we're going to have the perspective of a digital monetary system in the future. But for thr majority that doesn't know btc that well, they won't see btc to be a threat yo something that they've been using ever since. We'll see in a few years but its likely that fiat and crypto will both be used
In this thread I already asked about how two economics can live side by side? In my conception social structure and economical structure are reflecting into each other. If to simplify this to basics, than we will need two social structures to serve two economical? In my mind it's the worst case ever to let this happen, cause if on one hand you have a brilliant technology that eliminates financial domination and eternal slavery and on other the eternal slavery as it is, than only huge dose of hypocrisy will let this system run stably. |
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Oh almighty Hanuman!
When I imagined life on BTC forums it was like cybernetic posthuman future and what I found is disbelief in evolution and shaming woman for wearing short skirts. Well, logically there should be some altcoin for white supremacist, is there any?
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Wether cryptocurrency or fiat currency , the main cause of problem is inequality to get services. And that is the reason some are getting rich and richer while others are facing poverty.
That is the reason technical brains are rebelling from fiat as that is under hold from authorities like Governments or Banks. So making a bridge in between them is not possible unless " The old school " Principle start accepting that he is not able to provide justice in providing facility for what he is getting tax. At least realizing the mistake they did and not to repeat it , but usually they are not. And trying to rule out cryptocurrency by there Law makers is not going to sort the issue.
Cryptocurrency is a form of Revolt against the Rulers.
Solid statement, thank you! |
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Personally, I think what really makes cryptocurrency stand out is the ease in transacting them. Unlike paper money, it is constant across borders and does not require exchanges to be used by people living in different countries.
Additionally, it does not hinder the capacity of market transactions as a way to build wealth. And although these may not hold up to much in this world of nationalistic economies, it does fare well in our transition towards globalization.
For these reasons, I believe that Bitcoin has the potential to overdo paper money.
Well, definitely your opinion also stands out. You turn over the usual approach "no middle man" and you find a ground for this middle man - boarders. Banks were useful while there were borders. But let me argue: international capitalism despises national boarders as well, VISA or any other payment system are taking care of your transactions, improving the technology to a faster and cheaper version. If the banks will accept the BTC challenge and will start using blockchain, for example, where else BTC will lead? |
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Even though the age of digital currency is here to stay, I doubt that paper money and metal money are going to vanish just completely from the system at all, It will take a lot of time before that happens and that maybe hundreds of years to come.
Thank's for answering! If both economics will coexist, where the demarcation line will run? Within product groups, like digital products for BTC and apples for USD? Or within groups of population, like smart and intellectuals dealing with crypto, uneducated with USD? I'm asking cause I never heard of two economics got along on the same field without separation on what is mine and whats yours. |
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People here are just people. You don't look at them as a type of group where they have some different opinion about regular money. Everyone is an individual and their own unique views, just as anybody else.
Right, I don't want to create an artificial group at all, that's not my point. But yes I'd like to find some structures maybe, or to prove that there are none. What is your opinion, why are you involved? |
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Well, what I see here is the battlefield of ideas that creates a healthy atmosphere of a challenge. My knowledge is definitely not enough for making judgments about algorithms, but for sure I can see where life is concentrated. But at the same time a have some fear, in my mind people do not trust fiat because of the huge fence around, some of derivatives are overcomplicated and this discourages those who want to understand the essence of what is going on. Don't you think that admission ticket for entering crypto nowadays is even higher? And this admission is the principle of new separation? |
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Hello bitcointalk people, my name is Anna. I'm a journalist from http://www.businesstimes.com.sg/ magazine. I'm working on a special crypto currency issue that will be launched in February 2018 and I really need you. My wish is to bring into contact to polar worlds - world of crypto economics and world of old school "real money" economics. We all are well informed of what opposite side thinks about crypto, in general it's the mistrust agenda. But still we don't know much about your thoughts on paper and metal money. This is the grey area that I want to cover. What's is so special that attributes to money and makes them fading, how do you feel it in a private life? Or you think in future this two worlds will live side by side? All of you are very welcome to private messages, share your thoughts with me and I promise to publish the best of it. |
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