Bitcoin users: Will bitcoin ever be used and fully adapted as a currency?

[bitnanigans]

Bitcoin definitely has a big future ahead. Adoption will definitely grow and the price will rise. However, most people are currently holding, expecting the price to go up, so not a lot of use as a currency at the moment.

[Envrin]

To be honest, I'm a little concerned of Bitcoin's future at the moment, thanks to Mike Hearn and Gavin Andersen's potential hard fork over into Bitcoin XT, as I believe if they're successful, a) it would completely backfire on them within 6 months, and b) it would destroy all trust / confidence in Bitcoin, rendering both Bitcoin XT and Bitcoin Core useless.

What's especially disheartening is when I hear things from the likes of Mike Hearn who basically says he wants to consolidate power via mining farms, then give himself and his cohorts the ability to freeze coins at a whim via a blacklist they will create.  If something like that ever comes to fruitition, I'm switching back to fiat immediately.  If my finances have to live under external regulation, I'd much prefer that regulation be governed by the Canadian government versus Mike Hearn and his buddies.

[mindrust]

Bitcoin is pretty much dead.

The only reason btc is still around because it was the first crypto moni and lots of people invested in it. So that lots of people won't let it die so easily. But it is inevitable.

Btc has so many flaws. The biggest one is the speed.

[jeannemadrigal2]

Eventually bitcoins will replace the dollar as the international electronic currency  Everything is online now, amazon wants to deliver groceries to your front door with drones!  Things are changing and I can see a future where most transactions for goods and services are done online using bitcoins.  International commerce in particular will be interesting for bitcoins.

FTFY... paper money will still be required.

Yeah of course we will still have paper money but I imagine that bitcoin is very attractive for international money transfers, and it will take over as the main currency used by everyone.

[Amph]

Bitcoin is pretty much dead.

The only reason btc is still around because it was the first crypto moni and lots of people invested in it. So that lots of people won't let it die so easily. But it is inevitable.

Btc has so many flaws. The biggest one is the speed.

the speed of what? sending a transction is done in an instant, confirmation time is a non issue, merchants could just accept transaction with zero confirmation

there is a possibility that bitcoin will be dominated only by a niche market, but i don't see it dying ever, especially its technology

[mindrust]

Eventually bitcoins will replace the dollar as the international electronic currency  Everything is online now, amazon wants to deliver groceries to your front door with drones!  Things are changing and I can see a future where most transactions for goods and services are done online using bitcoins.  International commerce in particular will be interesting for bitcoins.

FTFY... paper money will still be required.

Yeah of course we will still have paper money but I imagine that bitcoin is very attractive for international money transfers, and it will take over as the main currency used by everyone.

Why would anyone need btc while MasterCard&Visa can do everything (and more) that btc can? (onlinewise)

The only advantage of using btc is anonimosity. (which is pretty much ded also, you can not btc>usd huge amounts of coins without getting caught by gov) Nothing else.

[mindrust]

Bitcoin is pretty much dead.

The only reason btc is still around because it was the first crypto moni and lots of people invested in it. So that lots of people won't let it die so easily. But it is inevitable.

Btc has so many flaws. The biggest one is the speed.

the speed of what? sending a transction is done in an instant, confirmation time is a non issue, merchants could just accept transaction with zero confirmation

there is a possibility that bitcoin will be dominated only by a niche market, but i don't see it dying ever, especially its technology

what if btc price drops to 3/4 of it was before, while that poor merchant is waiting for his confirmations?

it does happen.

[Amph]

Bitcoin is pretty much dead.

The only reason btc is still around because it was the first crypto moni and lots of people invested in it. So that lots of people won't let it die so easily. But it is inevitable.

Btc has so many flaws. The biggest one is the speed.

the speed of what? sending a transction is done in an instant, confirmation time is a non issue, merchants could just accept transaction with zero confirmation

there is a possibility that bitcoin will be dominated only by a niche market, but i don't see it dying ever, especially its technology

what if btc price drops to 3/4 of it was before, while that poor merchant is waiting for his confirmations?

it does happen.

this is one of the reason why we need adoption, to increase stability in price, and overall confidence from merchants or any business activity

it is sure that right now bitcoin is incomplete, but not because its system is flawed, but because the world is still to accustomed to fiat

[BTCevo]

Bitcoin is pretty much dead.

The only reason btc is still around because it was the first crypto moni and lots of people invested in it. So that lots of people won't let it die so easily. But it is inevitable.

Btc has so many flaws. The biggest one is the speed.

the speed of what? sending a transction is done in an instant, confirmation time is a non issue, merchants could just accept transaction with zero confirmation

there is a possibility that bitcoin will be dominated only by a niche market, but i don't see it dying ever, especially its technology

what if btc price drops to 3/4 of it was before, while that poor merchant is waiting for his confirmations?

it does happen.

this is one of the reason why we need adoption, to increase stability in price, and overall confidence from merchants or any business activity

it is sure that right now bitcoin is incomplete, but not because its system is flawed, but because the world is still to accustomed to fiat

Btw whats the point of making bitcoin price stable? With that stable price you can't earn as much as in volatile price. With that mass adoption people will try to buy bitcoin and bitcoin price will be higher so what? Bitcoin will never replace fiat although bitcoin has provide with a very good system

[nextgencoin]

Hey!

Does bitcoin have a promising future?

Or will government intervention and regulation restrict bitcoin to perform as we know it?

I’m currently completing research on the current use of bitcoin. What I hope to prophesise is bitcoin’s future as a currency by asking participants their views on the current competencies of bitcoin through a few questions via a 10 minute online questionnaire.

The UK government’s response to the increasing use of cryptocurrency (AKA digital currency), is a positive one as it ‘increases banking competition in the interests of all customers. Encouraging greater innovation in payments’ (HM Treasury, 2015).

The study will gather global perspectives to answer:
- Does bitcoin has the ability to be fully adapted and used in the economy compared to other payment systems?  
- Do certain attributes of bitcoin (such as security, safe guards and lack of regulation) hinder its potential to be used as a payment system or as a facilitator of investment?

Please click the link below if you wish to complete the questionnaire: [/b]

https://www.surveymonkey.com/s/bitcoinresearch1

Thank you!

Bullshit does the UK Treasury think Bitcoin is a good idea. it's rat poison to them..

[newcripto]

Bitcoin is future's currency and already is being used as currency and the process of adoption in on going.That day is not very far at what OP referred when Bitcoin internationally will be used as currency just need little more adoption and public awareness and procedure will accelerate.More and more countries are trying to regulate it and which is some type of official recognition.

[BigBoy89]

Hey!

Does bitcoin have a promising future?

Or will government intervention and regulation restrict bitcoin to perform as we know it?

I’m currently completing research on the current use of bitcoin. What I hope to prophesise is bitcoin’s future as a currency by asking participants their views on the current competencies of bitcoin through a few questions via a 10 minute online questionnaire.

The UK government’s response to the increasing use of cryptocurrency (AKA digital currency), is a positive one as it ‘increases banking competition in the interests of all customers. Encouraging greater innovation in payments’ (HM Treasury, 2015).

The study will gather global perspectives to answer:
- Does bitcoin has the ability to be fully adapted and used in the economy compared to other payment systems? 
- Do certain attributes of bitcoin (such as security, safe guards and lack of regulation) hinder its potential to be used as a payment system or as a facilitator of investment?

Please click the link below if you wish to complete the questionnaire: [/b]

https://www.surveymonkey.com/s/bitcoinresearch1

Thank you!

Bitcoin will slowly take out other payments systems like visa , mastercard , amex, WU and average Joe will be able to do what he wants with bitcoins as what he would do with fiat, the time is nearing folks for this to happen!

[boopy265420]

Bitcoin has promising future and it is making its way by itself and finally more and more governments begin to show interest in it to regulate it and bring it in some law framework to protect the consumers which is a healthy sign towards bright future and will help it lot to be adopted and used more and more.This regulation by itself will boost awareness in common public about Bitcoin.

[SmartIphone]

I think in next decade bitcoin will be adapted very well in this industry and will be usable.

[BTCevo]

Bitcoin is pretty much dead.

The only reason btc is still around because it was the first crypto moni and lots of people invested in it. So that lots of people won't let it die so easily. But it is inevitable.

Btc has so many flaws. The biggest one is the speed.

What do you mean? Speed is nothing to compare here. Bitcoin speed on transaction is good enough and things left is confirmation time? I think you misunderstanding speed here

Yeah of course we will still have paper money but I imagine that bitcoin is very attractive for international money transfers, and it will take over as the main currency used by everyone.

Why did you say that? I dont think bitcoin will ever replace as the main currency because there are still many people dont adopt bitcoin as they adopt fiat in their lifes so bitcoin will just stay the same

[pooya87]

Bitcoin is pretty much dead.

The only reason btc is still around because it was the first crypto moni and lots of people invested in it. So that lots of people won't let it die so easily. But it is inevitable.

Btc has so many flaws. The biggest one is the speed.

What do you mean? Speed is nothing to compare here. Bitcoin speed on transaction is good enough and things left is confirmation time? I think you misunderstanding speed here

Yeah of course we will still have paper money but I imagine that bitcoin is very attractive for international money transfers, and it will take over as the main currency used by everyone.

Why did you say that? I dont think bitcoin will ever replace as the main currency because there are still many people dont adopt bitcoin as they adopt fiat in their lifes so bitcoin will just stay the same

Never say Never!
although bitcoin is not yet adopted by majority of people, i believe that it has the potential to become much more successful that what it is right now. and eventually it can be a substitute for fiat, or at the very least it can be as useful as fiat and exist side by side with it.

[Erza]

Never say Never!
although bitcoin is not yet adopted by majority of people, i believe that it has the potential to become much more successful that what it is right now. and eventually it can be a substitute for fiat, or at the very least it can be as useful as fiat and exist side by side with it.

Although its being adopted by many people bitcoin will never replace fiat because there are so still too much lacking in bitcoin technology. IAbout the system it still can be hacked too. How are you going to anticipated that? There are still many reason why bitcoin will never replace fiat

[Mickeyb]

Never say Never!
although bitcoin is not yet adopted by majority of people, i believe that it has the potential to become much more successful that what it is right now. and eventually it can be a substitute for fiat, or at the very least it can be as useful as fiat and exist side by side with it.

Although its being adopted by many people bitcoin will never replace fiat because there are so still too much lacking in bitcoin technology. IAbout the system it still can be hacked too. How are you going to anticipated that? There are still many reason why bitcoin will never replace fiat

Guys give it time. Development takes time, look at email for example. It took time. I am still believing!

[SmartIphone]

Never say Never!
although bitcoin is not yet adopted by majority of people, i believe that it has the potential to become much more successful that what it is right now. and eventually it can be a substitute for fiat, or at the very least it can be as useful as fiat and exist side by side with it.

Although its being adopted by many people bitcoin will never replace fiat because there are so still too much lacking in bitcoin technology. IAbout the system it still can be hacked too. How are you going to anticipated that? There are still many reason why bitcoin will never replace fiat

Guys give it time. Development takes time, look at email for example. It took time. I am still believing!

From now i can say that never ever will replace the fiat, it's not just like that.

[1986]

Never say Never!
although bitcoin is not yet adopted by majority of people, i believe that it has the potential to become much more successful that what it is right now. and eventually it can be a substitute for fiat, or at the very least it can be as useful as fiat and exist side by side with it.

Although its being adopted by many people bitcoin will never replace fiat because there are so still too much lacking in bitcoin technology. IAbout the system it still can be hacked too. How are you going to anticipated that? There are still many reason why bitcoin will never replace fiat

Guys give it time. Development takes time, look at email for example. It took time. I am still believing!

From now i can say that never ever will replace the fiat, it's not just like that.

How do you know? Do you have a crystal ball that can see into the future? Not all fiats are the same. Take the US dollar vs the Zimbabwean dollar. One is worth something the other is worthless. It's not impossible that any currency could collapse at some point even the dollar especially if they keep printing it as a means to try sort the economy out (which has a devaluing effect obviously being inflationary) and with bitcoin being deflationary it could really take off if there was ever a financial collapse or economical crisis.