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Author Topic: Why Bitcoin is the best future currency?  (Read 15832 times)
valley365
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January 01, 2017, 07:04:23 PM
 #361

bitcoin is the best future currency is because it is the original and first cyber currency that is de-centralized and tamper-proof. Though there are many cybercurrencies now and likely central banks will create their own, bitcoin is established as the de facto cyber gold.
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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January 01, 2017, 07:11:55 PM
 #362

Yes, most places in the world now have access to the internet, what makes people able to start using Bitcoins, creating the possibility to replace the paper money in the future. The irony here is that those people who needs more to use Bitcoins, can't use it, because they don't access the internet, the most poor people.

Unfortunelly, most people in the world, even having access to the internet, don't have interest about Bitcoins, because their life is comfortable for them and they are too alienated to have interest for it. BTC and another Crypto Currencies will have more success when the currently areas without internet start having it.
I don't think so. I'm living in a poor people area for so long and people here has a traditional economy. Meaning, they do what their parents used to do like farming and fishing. Years ago, there was no internet connection here and now that there is, people are just busy browsing Facebook and not using the internet to earn money. I'm not saying that they're using the internet in the wrong way but the fact that I have here disagrees with your opinion.

The people that has an access to the internet years ago mostly live in the city. In the city, you could earn much more than you can earn from doing bitcoin stuffs so I guess that's why they don't rely on feeding themselves by earning bitcoins.
in fact bitcoin is mostly uses in cities, they have good access to bitcoin as they have more facilities of faster internet, therefore they urban people are earning more from bitcoin as compare to the rural. but the rural are also now adopting bitcoin.
I think that Bitcoin, and any other currency, will probably always be more used in urban areas than in rural areas. The reason is that there is more concentration of people, and commercial establishments, in urban environments. In any case, for many years, primary use will continue to be for online shopping.
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January 01, 2017, 07:25:07 PM
 #363

i think the amount and deepth of problems in bitcoin than any countries faint currency depending on what we are doing with our coins will decide your future but some point of the future is pre definined by mr satoshi nakamoto
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January 03, 2017, 09:07:21 AM
 #364

i think the amount and deepth of problems in bitcoin than any countries faint currency depending on what we are doing with our coins will decide your future but some point of the future is pre definined by mr satoshi nakamoto
Satoshi cannot change anything about bitcoin, it's an open source and big investors are not stupid enough to put their money on an unsafe investment. The value has increase because we patronize the use of it.

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January 03, 2017, 09:33:57 AM
 #365

I wont say it is the best. Still it has some flaws and that is part of being a currency if we are talking about that. I take it more as a commodity so I dont think much of making it as like fiat. There are still some things that are yet to be talked before this could be a real currency. I mean worldwide or nationwide.
for now it can not be said bitcoin is perfect for a currency. because there is a lot that needs to be addressed as a confirmation and so forth. but I have no doubt with potential bitcoin
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January 03, 2017, 09:46:03 AM
 #366

I wont say it is the best. Still it has some flaws and that is part of being a currency if we are talking about that. I take it more as a commodity so I dont think much of making it as like fiat. There are still some things that are yet to be talked before this could be a real currency. I mean worldwide or nationwide.
for now it can not be said bitcoin is perfect for a currency. because there is a lot that needs to be addressed as a confirmation and so forth. but I have no doubt with potential bitcoin

There is no even such things and currencies as perfect ones. Everything as their holes but because of many investors already put their trust to bitcoin and starts to keep on investing with it. It is simply the best future currency because there is already a market for it and its market is not just a simple market and its market cap is not even a joke.

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January 03, 2017, 02:26:05 PM
 #367

Paper currency increasingly used and will be replaced with a digital payment.

Various countries around the world have started to follow the flow of the mainstream who are increasingly using digital payment system and getting away from paper currencies thanks to their subtle restrictions like in this article. They might do this to control all economic transactions and also to record and apply a tax on every transaction in the future, but consumers will gradually become increasingly aware that Bitcoin could be the choice of digital currency that is best for them.

Bitcoin is not yet widespread, and today is still developing a wide range of applications and new protocols to be used in the future, so the potential is yet to appear is still very large. We just rub the surface of it and do not show what is actually doable Bitcoin to the outside world. Currently the price of Bitcoin moves exceeded 1000 US dollars per Bitcoin. Whereas five years ago, price of Bitcoin only 0.30 US dollars only.

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January 03, 2017, 02:35:41 PM
 #368

I wont say it is the best. Still it has some flaws and that is part of being a currency if we are talking about that. I take it more as a commodity so I dont think much of making it as like fiat. There are still some things that are yet to be talked before this could be a real currency. I mean worldwide or nationwide.
for now it can not be said bitcoin is perfect for a currency. because there is a lot that needs to be addressed as a confirmation and so forth. but I have no doubt with potential bitcoin
it was true. but other than that bitcoin has extraordinary advantages. one that is not comparable to the advantages possessed by bitcoin.
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January 03, 2017, 09:08:32 PM
 #369

I wont say it is the best. Still it has some flaws and that is part of being a currency if we are talking about that. I take it more as a commodity so I dont think much of making it as like fiat. There are still some things that are yet to be talked before this could be a real currency. I mean worldwide or nationwide.
for now it can not be said bitcoin is perfect for a currency. because there is a lot that needs to be addressed as a confirmation and so forth. but I have no doubt with potential bitcoin
it was true. but other than that bitcoin has extraordinary advantages. one that is not comparable to the advantages possessed by bitcoin.
to me i think  because bitcoin can provide you double benefit one is that it can be use as currency and the other is that it can be use as investment, currently as the users of bitcoin are not so more and are not present every where therefore people are mostly using it as investment and for trading and are really making good money.
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January 05, 2017, 07:36:48 AM
 #370

Bitcoin have a lot of advantages compared to other currencies. It's fast transactions and it can do from everywhere to everywhere. Bitcoin can also become investment for short term or long term. It really great investment for now, because the community is getting bigger day by day. And bitcoin keeps getting spread out, so there'll be more adoption for bitcoin.
true, the ease and speed is an important point that can attract people to use bitcoin. bitcoin currently own facilities that can facilitate us. we only have a smartphone, and we can perform a variety of transactions with bitcoin.
Actually the demand and interest of the people is changing from time to time, and in fact in present time the demand of the people is to use online trading, they need an online digital currency for smooth and quick deals. Bitcoin is the best online currency for them, and that is the reason that we can consider bitcoin as the best future currency for rest of the world too.

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January 05, 2017, 10:28:51 AM
 #371

bitcoin is the best future currency is because it is the original and first cyber currency that is de-centralized and tamper-proof. Though there are many cybercurrencies now and likely central banks will create their own, bitcoin is established as the de facto cyber gold.
Currently the users of bitcoin are more than any other crypto currency, as all the other cryptocurrencies are still far behind from bitcoin, and  the users of bitcoin are increasing from time to time unimaginably more than other currencies, therefore bitcoin can be consider as the best future currency.
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January 05, 2017, 10:35:56 AM
 #372

bitcoin is the best future currency is because it is the original and first cyber currency that is de-centralized and tamper-proof. Though there are many cybercurrencies now and likely central banks will create their own, bitcoin is established as the de facto cyber gold.
Currently the users of bitcoin are more than any other crypto currency, as all the other cryptocurrencies are still far behind from bitcoin, and  the users of bitcoin are increasing from time to time unimaginably more than other currencies, therefore bitcoin can be consider as the best future currency.
The difference is on how strong bitcoin ecosystem have been built so far
Make any other cryptocurrency hard to chase bitcoin , and near to impossible
As bitcoin is the pioneer and also mother of cryptocurrency with its perfect design for global currency
A lot of benefit using bitcoin , people just not yet ready to accept something new, some breakthrough like bitcoin technology.
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January 05, 2017, 01:50:38 PM
 #373

with bitcoin, we just do not think how we spend the money, but we also have to think about how your way we use it. Well, using bitcoin is risky, but if you are clever in exploiting, I think it can bring you big profits. I am sure, people can think it will feel that bitcoin currency would be ideal for use in the future.
to me the best possible reason may be that bitcoin is a universal currency and is available everywhere in the world with same value and the second reason is that bitcoin is the need of the day.
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January 05, 2017, 02:07:00 PM
 #374

future? this is funny, i am seeing bitcoin go down with speed fast and quickly, now the situation not good for Bitcoin, many people sell it

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January 05, 2017, 07:28:03 PM
 #375

with bitcoin, we just do not think how we spend the money, but we also have to think about how your way we use it. Well, using bitcoin is risky, but if you are clever in exploiting, I think it can bring you big profits. I am sure, people can think it will feel that bitcoin currency would be ideal for use in the future.
to me i think it is the need of the time, and in present time now people are interested in online shopping therefore they are using their money online currency , therefore bitcoin is really the best online mean for their business etc.

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January 05, 2017, 07:31:02 PM
 #376

Many other crypto currencies appeared after bitcoin with the idea to repeat it's success, and many new will appear. But I doubt they could manage it. Bitcoin is the greatest and strongest for now and other crypto just have no chance with it.
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January 07, 2017, 08:48:48 PM
 #377

I wont say it is the best. Still it has some flaws and that is part of being a currency if we are talking about that. I take it more as a commodity so I dont think much of making it as like fiat. There are still some things that are yet to be talked before this could be a real currency. I mean worldwide or nationwide.
bitcoin has several functions as an investment or currency, maybe now people prefer to use bitcoin as a commodity, because bitcoin proved that profitable, but I'm sure the future will be more people who will use bitcoin as a currency
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January 07, 2017, 11:46:27 PM
Last edit: January 09, 2017, 12:22:56 AM by hurain
 #378

I wont say it is the best. Still it has some flaws and that is part of being a currency if we are talking about that. I take it more as a commodity so I dont think much of making it as like fiat. There are still some things that are yet to be talked before this could be a real currency. I mean worldwide or nationwide.
bitcoin has several functions as an investment or currency, maybe now people prefer to use bitcoin as a commodity, because bitcoin proved that profitable, but I'm sure the future will be more people who will use bitcoin as a currency

currently people are using it as currency because the facilites of bitcoin being currency are still not available. but hope that like Brazil when the user of bitcoin will increase in our area then the shopkeepers will also accept bitcoin for hopping.
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January 08, 2017, 02:27:43 AM
 #379

Many other crypto currencies appeared after bitcoin with the idea to repeat it's success, and many new will appear. But I doubt they could manage it. Bitcoin is the greatest and strongest for now and other crypto just have no chance with it.
Yes bitcoin is proof it self. Even if we compare it with fiat, bitcoin is still better. Long distance money transferring is practicaly and do not need long time. Of course it will help business activity really much.


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January 08, 2017, 04:48:38 AM
 #380

Many other crypto currencies appeared after bitcoin with the idea to repeat it's success, and many new will appear. But I doubt they could manage it. Bitcoin is the greatest and strongest for now and other crypto just have no chance with it.
Yes bitcoin is proof it self. Even if we compare it with fiat, bitcoin is still better. Long distance money transferring is practicaly and do not need long time. Of course it will help business activity really much.

because the system bitcoin that allow its users then the number of coin is limited, so people will be vying for the bitcoin from now to the future, because it is likely the price of bitcoin will be extremely high at all remember the principle of economy increasingly scarce the price will rise, that is where our advantage already have bitcoin from now
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