The future of bitcoin

[bitgolden]

i dont think that btc will live 5 more years.maybe the price will increase but in the end it will collapse.

That's a good joke.
1. Bitcoin will shift to new algorithm if any bug or hack if it's with existing algorithm.
2. Already survived for almost 6 years. Many experts analyzed it's core conceptual for it's existence and need.
3. No government can stop using it.
4. Will live till earth lives or internet lives.

Shifting into a new algorithm and all very much new to me. If it happens, will it take place without affecting any bitcoin users or bitcoins. Hopefully those things should not happen to bitcoin community. I believe in bitcoin's core durability. It would take 1 million years to crack bitcoin's core security, like private key.

[1714883926]

1714883926

[Amph]

i dont think that btc will live 5 more years.maybe the price will increase but in the end it will collapse.

That's a good joke.
1. Bitcoin will shift to new algorithm if any bug or hack if it's with existing algorithm.
2. Already survived for almost 6 years. Many experts analyzed it's core conceptual for it's existence and need.
3. No government can stop using it.
4. Will live till earth lives or internet lives.

again with this argument it's not really possible or simple as you think it to be, how about all asic miners that can only mine sha256 coin? you think they can afford again to buy 400 peta of hash for another algo....

[Mickeyb]

i dont think that btc will live 5 more years.maybe the price will increase but in the end it will collapse.

That's a good joke.
1. Bitcoin will shift to new algorithm if any bug or hack if it's with existing algorithm.
2. Already survived for almost 6 years. Many experts analyzed it's core conceptual for it's existence and need.
3. No government can stop using it.
4. Will live till earth lives or internet lives.

again with this argument it's not really possible or simple as you think it to be, how about all asic miners that can only mine sha256 coin? you think they can afford again to buy 400 peta of hash for another algo....

Yes, seeing how hard is to change a block size limit which is just a line of code, I don't think that changing the whole algorithm would be that doable and successful.

Then again if the Bitcoin survival is in question, everything is possible.

[Lazada]

my view of bitcoin just one. ie "payments in the future"

future requires ease

[Q7]

Somewhere at the middle path but slightly leaning towards the brighter future direction. I think is one of the cleverest invention. It has its plus points and like I always believe, it is our hope and will be the solution to our all financial mess from the current system. However it is still fragile and at times could look it it will just end up a failure. Just trying to be positive.

[HeroCat]

Future of Bitcoin is bright and good  It will stay forever worldwide as first crypto  The question is - in which country it will be more popular 

[flock123]

Future of Bitcoin is bright and good  It will stay forever worldwide as first crypto  The question is - in which country it will be more popular 

Well, that's the way to think positive
bitcoin may further lead to a good direction 

[Hellacopter]

What is Bitcoin and what will it become?
To believers, it’s the future of money, privacy and payments, the end of greedy banks and the fall of government fiat currencies.
To critics, it’s an elaborate scam, the currency of cyber villains, a threat to sovereign states.
To others, it’s already nothing, practically dead on arrival.

In which side are you?

I believe bitcoin have good and promising future because a lot of reasons. It's decentralized currency and it grow up day after day, and nowdays you can almost buy and sell everything with Bitcoin. So we can guess great future for Bitcoin

[Aemon]

The future is what we make it.  We cannot contorl what happens with the economy of Bitcoin.  We just can keep believing in it and hope for the best.

[recklessrager]

Imma chime in and say Bitcoin is great, and has a very bright future.
The most opposed to it are those with the biggest stake in controlling the monetary system, ie the banks.
The Sheeple that are against it simply do not understand it, but this is changing as culture is changing.
People are breaking away from the old paradigm of the dollar and debt model, because that shit sucks ass.
As society continues to evolve, acceptance of crytocurrencies will definitely increase.
We as people just like to cling to old things because we've grown comfy.
But shits changing. Fast

[JeWay]

It will be become the future of money, everyone will never use physical money anymore. Otherwise everyone will use Bitcoin to do a transaction in real life.
At least, I wish.

[kelsey]

To believers, it’s the future of money, privacy and payments, the end of greedy banks and the fall of government fiat currencies.

well its certainly none of the above.

privacy  

end of greedy bankers lmao.....really, take a look around you, at the very best tis just making alot of noob wannabes try to be the new greedy wankers umm bankers  

[Falconer]

The future is what we make it.  We cannot contorl what happens with the economy of Bitcoin.  We just can keep believing in it and hope for the best.

Just believing and hoping are same with do nothing on bitcoin, which its totally useless. Bitcoin isnt a government stuff, so we could control our own money.

[~Bitcoin~]

I am a believers, it’s the future of money, privacy and payments, the end of greedy banks and the fall of government fiat currencies.

I strongly believe bitcoin will be used by more of the merchants in near future and bitcoin market will also not be affected by other alt coins like some of us have believed in past. So, i think there will be only a growth in use and price of bitcoin in future.

[n2004al]

What is Bitcoin and what will it become?
To believers, it’s the future of money, privacy and payments, the end of greedy banks and the fall of government fiat currencies.
To critics, it’s an elaborate scam, the currency of cyber villains, a threat to sovereign states.
To others, it’s already nothing, practically dead on arrival.

In which side are you?

I have one my idea about the future of bitcoin which is expressed here: https://bitcointalk.org/index.php?topic=1191118.0. Who wants can read it. Comments are welcomed.

[TastyChillySauce00]

In my opinion, bitcoin will not be our future money , all countries will keep their own currency and make it digital, but bitcoin still have the chance to be our future money , but 1 thing that i just worried, how if my online wallet hacked? i would rather keep using physical money than digital ones

[fuddudle]

Bitcoin is a test bed, and an idealistic creation that serves its purpose for a select few. It isn't going to overthrow governments, and it won't. The technology that it has introduced is however useful, but at the same time, it isn't exactly clear to anyone where its true value lies. I would think that the price correction we have had for the past 18 months is just a result of Bitcoin trying to find its fair price.

[newcripto]

Bitcoin has brilliant and bright future.It will be based country when most of the countries will have their own digital currencies then Bitcoin will be used to set their value just like now it does for other cryptocurrencies now.Bitcoin will creat new elite class those who believes and stick with it now.

[zircon]

Killer idea is how to get people to purchase Bitcoin:

1. Without having trust issues. When you exchange bitcoins you don't want to be scammed.
2. Without having banks governments intervene in the process. It should be free flowing, distributed. There should be a million traders all over the world willing to safely trade fiat for Bitcoin - not 10 exchanges around the world that get targeted all the time by banks and governments.

Think a million leaks in a damwall, instead of 5 big leaks.

I think if that happens, it is game on. There are already indications that a good couple of people prefer Bitcoin. People are starting to get the fact that Bitcoin is safer to hold because there is no FactCat at the top diluting your money without any of your control.

We need a mechanism to be able to distribute Bitcoin freely and safely, the rest will get sorted on its own.

The barrier for entry for accepting Bitcoin is low. Create a Bitcoin wallet and you are done. As easy as a FB account was to create when it started.

However to actually get Bitcoins in there is far more of an issue, you have to contact an exchange, KYC, this that. Instead ideally you would want to meet with a Bitcoin dealer, he sets you up and supplies you - if you can trust him.

Bitcoin needs to solve that trust issue, but it is a chicken/egg problem as far as I can see.

There are a million more ways to get some bitcoin in your wallet. Setting up a wallet is easy, then finding someone to fund that wallet with some coins other than buying it with fiat might be tricky, but there are possibilities all around us, the world is your playground and BTC is its currency. Set up a shop, provide a service, do what you like doing and do the best you can and there will be people that are willing to provide you with some currency, not just bitcoin, but it could be and if it happens to be, than you have gained some bitcoin, doing stuff you like doing, it feels so much better than when you just buy them with your fiat money.

I think what we are looking for is the Apple solution to buying Bitcoin. People are lazy. They don't want to think of a million ways. They want to sit and click a few buttons and it is done, no trust issues, no screwing around, just cash in Bitcoin out.

This is where banks hold they key, but it is the final key - so they are going to hold on tightly to it.

[intristin]

Killer idea is how to get people to purchase Bitcoin:

1. Without having trust issues. When you exchange bitcoins you don't want to be scammed.
2. Without having banks governments intervene in the process. It should be free flowing, distributed. There should be a million traders all over the world willing to safely trade fiat for Bitcoin - not 10 exchanges around the world that get targeted all the time by banks and governments.

Think a million leaks in a damwall, instead of 5 big leaks.

I think if that happens, it is game on. There are already indications that a good couple of people prefer Bitcoin. People are starting to get the fact that Bitcoin is safer to hold because there is no FactCat at the top diluting your money without any of your control.

We need a mechanism to be able to distribute Bitcoin freely and safely, the rest will get sorted on its own.

The barrier for entry for accepting Bitcoin is low. Create a Bitcoin wallet and you are done. As easy as a FB account was to create when it started.

However to actually get Bitcoins in there is far more of an issue, you have to contact an exchange, KYC, this that. Instead ideally you would want to meet with a Bitcoin dealer, he sets you up and supplies you - if you can trust him.

Bitcoin needs to solve that trust issue, but it is a chicken/egg problem as far as I can see.

There are a million more ways to get some bitcoin in your wallet. Setting up a wallet is easy, then finding someone to fund that wallet with some coins other than buying it with fiat might be tricky, but there are possibilities all around us, the world is your playground and BTC is its currency. Set up a shop, provide a service, do what you like doing and do the best you can and there will be people that are willing to provide you with some currency, not just bitcoin, but it could be and if it happens to be, than you have gained some bitcoin, doing stuff you like doing, it feels so much better than when you just buy them with your fiat money.

I think what we are looking for is the Apple solution to buying Bitcoin. People are lazy. They don't want to think of a million ways. They want to sit and click a few buttons and it is done, no trust issues, no screwing around, just cash in Bitcoin out.

This is where banks hold they key, but it is the final key - so they are going to hold on tightly to it.

It's pretty easy to buy bitcoin here in the city, there are dozens of bitcoin ATM's spread all over NYC. But most of them are deposit only, so getting the money out is pain unless you have more places to spend it. But that's just one city, I know they have a few in Chicago and LA, but no where near the coverage here. So I'm kind of agreeing with your point, it has to become much easier to access, understand, and use before it ever accepted by the general population at large.