What is the future of bitcoin? Commodity, currency or smth else?

[lenaza2022]

It seems that bitcoin plays different roles today. Can bitcoin be a currency even if transactions are taxed?

[franky1]

anything can be a currency. its only requirement is being traded in exchange for something else.
sex can be a form of currency in some relationships.. she gives you regular sex you give her a ferrari(or shoes. depending on how great the sex is)

how popular a currency becomes, then relies on its features benefits and ofcourse its utility.
some currencies get classed as money when they reach a saturation point of a whole wide community dominating it with using only one currency for the area/nation/community
whether its forced upon them by national laws. or its utility presents usefulness to naturally be adopted

as for being taxed. well if that is of the mindset of bitcoin replacing fiat. then sure the government will still want some tax income. so it would be taxed..
but bitcoin does not fail being a currency just because its not legal tender or replaces fiat.

as for the tax.
its not a question of is it still currency if its taxed.. as the two are not things that need to co-exist to define each other

well in my view. taxes are only necessary if those taxes are then used for necessary things. so if asking should bitcoin ever get taxed. it would have to be thought about if bitcoin saturates to being used alot more by the masses to a point that its destablising the nations systems EG social security or funding fire,ambulance,police.
where by the question remains is the taxes they propose actually going to fund societies needs. or just going into some elite guys pockets

[2stout]

It is all of these at the present, but in a time after we are gone I would say it would be more of a commodity, as in a store of value like precious metals more so than being used as currency like it is today.

[franky1]

It is all of these at the present, but in a time after we are gone I would say it would be more of a commodity, as in a store of value like precious metals more so than being used as currency like it is today.

thats not what a commodity is
its a raw item used to create other items

bitcoin for years was just bitcoin. coins never moved off the network(and still dont)

however the sidechains/pegged altnets stuff now happening is creating tokens/new units based from locked bitcoin. so its now presenting itself as something like a commodity

(my personal view is bitcoins never leave the blockchain so these other network units are not bitcoin.. however a cake is not flour.. plastic is not oil. but you cant make a cake without flour and you cant make plastic without oil. so im warming to the idea that its becoming seen as a commodity(though have reservations as to how strong the connection is from item to items linkage/requirement))

this is not to say that some of these sidechains and altnets are bitcoin. or reliant on bitcoin because many sidechains and altnets have proven by not having deep code HARD rules to audit and peg their units to only work with bitcoin.
but bitcoin could, if some new project was to start that could truly be shown to be a product of bitcoin,. then yes bitcoin would be a commodity

i have yet to see a sidechain or altnet that truly held strong to a unbreakable rule that truly people could trust the pegging mechanism would never break though.

and no. this is not an oppertunity to advertise your sidechains or altnets

[Minecache]

It is all of these at the present, but in a time after we are gone I would say it would be more of a commodity, as in a store of value like precious metals more so than being used as currency like it is today.

What the future of bitcoin will look like is still a question. but now it shows bitcoin is being used by people as a store of wealth, people are trying to collect and hold bitcoin hoping the bitcoin value will increase as much as possible to make a profit for them.

As of today, we can still use bitcoin as a form of payment, but most people tend not to do this since they think that it is very wasteful since the value of bitcoin has increased over time.
According to me, bitcoin is better suited to acting as a commodity or asset than as a currency.

[Poker Player]

What the future of bitcoin will look like is still a question. but now it shows bitcoin is being used by people as a store of wealth, people are trying to collect and hold bitcoin hoping the bitcoin value will increase as much as possible to make a profit for them.

As of today, we can still use bitcoin as a form of payment, but most people tend not to do this since they think that it is very wasteful since the value of bitcoin has increased over time.
According to me, bitcoin is better suited to acting as a commodity or asset than as a currency.

I share your opinion, it is something like digital gold, which in the past was used as a currency and as a store of wealth. The number of daily transactions shows that it is partially used as a currency, but as bitcoin is so good at storing value it makes much more sense to spend the fiat you have and save your bitcoin, because in 1 or 2 cycles it will be worth much more.

[Stella Mese]

In my opinion in the future, things will not experience much change, it seems like it will be the same as now, only in my opinion in the future. the price of bitcoin will be very much high. but the buying and selling process will still exist. only difference is the price of bitcoin will be very high.

[glendall]

OK, question was about the role of bitcoin from the personal point of view. Somebody prefers to keep this asset, another is interesting in circulation, exchanging and spending.

as we know and has become a public secret and does not need to be exaggerated, bitcoin is used as an investment for certain people here, in general people who have more money are not people who lack (you can say Investors / whales like we said),
and most of the people who know bitcoin to take advantage of the results they trade (trader category) ,
basically the point of view of the role of bitcoin itself is different for everyone (just my opinion)