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1  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin on: July 27, 2017, 12:15:19 AM
I would like to start a discussion about the future of Bitcoin.
The following is my prognosis
The future of Bitcoin
After vears of trying to break the blockchain technology that runs Bitcoin, the bankers and governements finally realized that because blockchiain was a public ledger that kept all transaction and that this ledger could not be hacked or falsified; Bitcoin could not be stopped or blocked. Like email, and i-porn, it used the internet highway and without destroying the internet and its highways of communication, the blockchain technology could not be blocked.

The banks and governments decided on another plan called “f you can`t beat them, join them”. They decided that their only chance was to buy up all the Bitcoins. They started small and encouraged Bitcoin`s price to drop by demanding regulation, not realizing that the blockchain is just a public ledger that can not be regulated. The threat of regulation caused the price of Bitcoin to drop, and when the banks and government thought that the price of Bitcoin would not go any lower, they started to buy up Bitcoins. When people realized that the banks and governments were buying up the Bitcoins, the price of Bitcoins soared in an avalanche. This made banks and governments very rich. 

Bitcoin became to be used as electronic money that could not be falsified or tampered with and that could be used as electronic cash replacing coins and notes. The banks and governments started to encourage the use of Bitcoin and replaced their coins and notes with Bitcoins. Then they replaced their plastic credit cards with chips that were implanted and that allowed money transactions to be made much faster and conveniently than with Bitcoin. They made their own centralized and regulated version of Bitcoin and called it i-coin.

After i-coin became convincingly more appealing than Bitcoin, i-coin became widely accepted. Bitcoin became outdated and old fashioned and the price of Bitcoin started to drop. Then there came a time where the only ones that were using Bitcoins were the ones that were afraid of the chip implants, and those that were afraid of the corrupt banks.
Then the corrupt criminals got on the Bitcoin bandwagon, and Bitcoins started to be outlawed in many countries. The decentralized Bitcoin miners - the keepers of the public ledger - became scarcer and scarcer and were overtaken by centralized criminal miners.

Bitcoin became what it started out as-. electronic cash for buying illegal goods. Eventually, the criminals took it over to use as their own black cash for trading one illegal good for another. This caused a boom in illegal goods, and made the criminals very wealthy.

The link to the video is below
https://www.youtube.com/watch?v=u48ccZ27wfQ&list=UU9rOAPUfZe3KEja0vvFpe_A
https://www.youtube.com/watch?v=u48ccZ27wfQ&list=UU9rOAPUfZe3KEja0vvFpe_A


I agree that bitcoin will not stay forever of what it is today. There are some risks that can cause bitcoin to be vanished when the time comes.

The rise of i-coin that may cause the bitcoin to sink is somehow believable. Because bitcoin, this time, is not that stable. If their is a cryptocurrency that will rise, more popular than bitcoin. It can summarize the disappearing of bitcoin.

But for now, it is really hard to predict what will happen to bitcoin or what will come next.
2  Economy / Economics / Re: Cashless society on: July 26, 2017, 03:38:02 PM
Have you ever wondered how would the world's economy be like in the future as a cashless society?

Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more.

If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology.

Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies.

Nevertheless, I would like to know your opinion about this.  Wink

If the cryptocurrency or digital fiat currency dominate real money. It is possible to have that society that doesn't need physical money to transact with others. There is also advantages that it may lessen the criminal records on theft because cryptocurrency is not hand-held. It is easy to trade and do things.
3  Economy / Economics / Re: Is it possible for the bitcoin to lose it's value ? on: July 26, 2017, 09:48:00 AM
It is possible for bitcoin to lose it value because it is also a currency. Even real money lose its value if it is not entertained by people. Also if bitcoin is crashed by a hack or virus it cam cause a big effect to its value. And other thing is that if there is other cryptocurrency that will rise and dominate bitcoin, possibly, it will lose its pride and value.
4  Bitcoin / Bitcoin Discussion / Re: How did you first hear about bitcoin? on: July 26, 2017, 09:34:26 AM
I first heard about bitcoin from my classmates. They said that you just need an internet collection and you can make money. After hearing this, I am intrigued about how they get money with just stable internet. So I do a research, and with their influence I get involved to bitcoin.
5  Bitcoin / Bitcoin Discussion / Re: Can cryptocurrency make real money disappear? on: July 26, 2017, 09:25:14 AM
I do believe that cryptocurrency can conquer and dominate the real money.

As the technology rises, there are things that is less used. Technology makes the works of men easier. This is somehow connected to cryptocurrency and real money. If cryptocurrency dominates the real money, it can be easy to go out of your house without bringing amount of money. It can be easy to transact with others through cryptocurrency and less risk on getting your money in your wallet to be snatched.

With the rise of technology and the effectiveness/advantages of cryptocurrency it is not impossible that it may cause the real money disappear.
6  Economy / Economics / Re: Tell me your predictions about Bitcoin on: July 26, 2017, 09:12:15 AM
It is hard to predict what will happen to bitcoin. But for me, I got three predictions for the future of bitcoin

1. If there is no other cryptocurrencies that will rise more famous than bitcoin, Bitcoin will be the most used cyryptocurrency for all the world
2. If bitcoin will be more secure and legal, many investors will invest to bitcoin than any other currency.
3. If bitcoin will reign other cryptocurrences, it can dominate the whole world as one-world currency.
7  Other / Off-topic / Re: Secret of Happiness on: July 23, 2017, 05:33:27 AM
For me, the best thing you should know about being happy is that don't let the problem overcome your life. Stop overthinking. Stop being negative and do the things you love to do and always smile. Smile is the key to happiness. Take 30 seconds smile in front of the mirror and it will help you to boost your mood for the entire day.  Cheesy
8  Other / Off-topic / Re: The Meaning of life...? on: July 23, 2017, 05:11:46 AM
There once a philosopher said that, "Everything happens for a reason. Nothing happens randomly."

For me, life is a gift from the Almighty. All things are written on his plan. Each of us, have our own meaning of life. But for me, the meaning of life is to serve God and serve others. For with this, we can achieve the true essence of life.
9  Other / Off-topic / Re: Life after death on: July 22, 2017, 11:54:11 PM
It is true that there is life after death. But after death it is a big question what is the life we will get after we die. It can maybe a life with pleasure ang giving praise to the Almighty God or a life that you will be punished forever and continue to die on the lake of fire.
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