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Author Topic: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?  (Read 169483 times)
Musent
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January 24, 2017, 07:41:34 PM
 #1501

Yes theres a big possiblity that some or maybe should we say ,almost everyone will  use bitcoin on that time.because of some changes in the market. Cryptocurrency will rule on that year.

Well i think theres a difference between btc being the main currency in 5years and btc being used by most people that time. I think its the latter, meaning that by 2022, most people would've already been aware and in a way have used btc. I'm sure fiat would still be the top currency then but most people would likely have btc wallets already and have transacted one way or another using bitcoin

The user base of bitcoins will surely get increased by that point of time but its hard to predict that each and every one will start using bitcoins by 2022 as bitcoin is still new to many people and have not reached to each and every corner of the world and it will most probably take long time for that to happen.
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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January 25, 2017, 03:18:55 PM
 #1502

Yes theres a big possiblity that some or maybe should we say ,almost everyone will  use bitcoin on that time.because of some changes in the market. Cryptocurrency will rule on that year.

Well i think theres a difference between btc being the main currency in 5years and btc being used by most people that time. I think its the latter, meaning that by 2022, most people would've already been aware and in a way have used btc. I'm sure fiat would still be the top currency then but most people would likely have btc wallets already and have transacted one way or another using bitcoin

The user base of bitcoins will surely get increased by that point of time but its hard to predict that each and every one will start using bitcoins by 2022 as bitcoin is still new to many people and have not reached to each and every corner of the world and it will most probably take long time for that to happen.
What's meant here is that by 2022, most people have been exposed or have had contact with bitcoin or cryptocurrencies in general. Which is highly possible at the current rate of bitcoin usage. It doesn't mean that if most people have used btc, that they'll be using or depending on it exclusively

 
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January 27, 2017, 03:53:14 PM
 #1503

Yes theres a big possiblity that some or maybe should we say ,almost everyone will  use bitcoin on that time.because of some changes in the market. Cryptocurrency will rule on that year.

Well i think theres a difference between btc being the main currency in 5years and btc being used by most people that time. I think its the latter, meaning that by 2022, most people would've already been aware and in a way have used btc. I'm sure fiat would still be the top currency then but most people would likely have btc wallets already and have transacted one way or another using bitcoin

The user base of bitcoins will surely get increased by that point of time but its hard to predict that each and every one will start using bitcoins by 2022 as bitcoin is still new to many people and have not reached to each and every corner of the world and it will most probably take long time for that to happen.
What's meant here is that by 2022, most people have been exposed or have had contact with bitcoin or cryptocurrencies in general. Which is highly possible at the current rate of bitcoin usage. It doesn't mean that if most people have used btc, that they'll be using or depending on it exclusively
The number of people using the Internet is increasing, this can be a decisive factor for Bitcoin. But even so, it will be difficult to reach so many people in just five years, because there are many people who need to be educated about the different aspects that circulate this technology, such as decentralization, peer-to-peer technologies, blockchain technologies among others things.
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January 27, 2017, 04:15:02 PM
 #1504

I think in 5 years Bitcoin will be known to almost everybody on this planet, but will they be using it that's a question. I think most of them will but can't say for everyone.

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January 27, 2017, 06:12:11 PM
 #1505

I think in 5 years Bitcoin will be known to almost everybody on this planet, but will they be using it that's a question. I think most of them will but can't say for everyone.

Yes, I also think BTC will be known to most urban residing people, but not all in the world. Many government is and will be opposing to this currency.
And about using it, not almost everyone, but many will be using it, who are aware of it.
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January 28, 2017, 06:49:54 AM
 #1506

I think in 5 years Bitcoin will be known to almost everybody on this planet, but will they be using it that's a question. I think most of them will but can't say for everyone.

Yes, I also think BTC will be known to most urban residing people, but not all in the world. Many government is and will be opposing to this currency.
And about using it, not almost everyone, but many will be using it, who are aware of it.
It seems possible for bitcoin to be used by almost everyone in 5 more years because I am sure that the infrastructure is getting better and better. USA,JAPAN and even RUSSIA were already knew about bitcoin, I think other countries will follow them for regulate bitcoin as currency.
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January 28, 2017, 08:44:42 AM
 #1507

Yes theres a big possiblity that some or maybe should we say ,almost everyone will  use bitcoin on that time.because of some changes in the market. Cryptocurrency will rule on that year.

Well i think theres a difference between btc being the main currency in 5years and btc being used by most people that time. I think its the latter, meaning that by 2022, most people would've already been aware and in a way have used btc. I'm sure fiat would still be the top currency then but most people would likely have btc wallets already and have transacted one way or another using bitcoin

The user base of bitcoins will surely get increased by that point of time but its hard to predict that each and every one will start using bitcoins by 2022 as bitcoin is still new to many people and have not reached to each and every corner of the world and it will most probably take long time for that to happen.
What's meant here is that by 2022, most people have been exposed or have had contact with bitcoin or cryptocurrencies in general. Which is highly possible at the current rate of bitcoin usage. It doesn't mean that if most people have used btc, that they'll be using or depending on it exclusively
The number of people using the Internet is increasing, this can be a decisive factor for Bitcoin. But even so, it will be difficult to reach so many people in just five years, because there are many people who need to be educated about the different aspects that circulate this technology, such as decentralization, peer-to-peer technologies, blockchain technologies among others things.

Maybe not just in a matter of five years, but much more, the people would start to adapting to use bitcoin since everyone would be using it. That's how we are. What the society does, eventually we do too. It's not that hard to learn all these stuffs though since we learned it all by ourselves. We didn't even spend a whole night to understand the basic things about bitcoin. Maybe the whole concept of bitcoin, and the foundation of mining, trading, gambling, etc. and other stuffs about bitcoin, that would take a little while. But when it comes to just "using" bitcoins, it wouldn't take more than a day.

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January 28, 2017, 09:21:17 AM
 #1508

i think the banks will just make it easier to trade and pass currency
I can not agree more. Actually, in some EU countries, banks have decided to add Bitcoin as a property to sell and buy. Therefore, in developed countries, it is not very hard to trade Bitcoin. In 2022, I believe banks will try to centralize Bitcoin. However, they can never do this job since Bitcoin is anonymous. Bitcoin will continue to develop and the number of Bitcoin users keep increasing thanks to banks





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January 28, 2017, 10:47:03 AM
 #1509

i think the banks will just make it easier to trade and pass currency
I can not agree more. Actually, in some EU countries, banks have decided to add Bitcoin as a property to sell and buy. Therefore, in developed countries, it is not very hard to trade Bitcoin. In 2022, I believe banks will try to centralize Bitcoin. However, they can never do this job since Bitcoin is anonymous. Bitcoin will continue to develop and the number of Bitcoin users keep increasing thanks to banks
Your statement is very contradicting, when it will be centralized, that means that bank can control it and they will know whatever our transactions and that anonymity will be lost and we will have no freedom anymore like what we are experiencing. If you think it will happen, for me, I don't think it will.

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January 28, 2017, 11:11:15 AM
 #1510

i think the banks will just make it easier to trade and pass currency
I can not agree more. Actually, in some EU countries, banks have decided to add Bitcoin as a property to sell and buy. Therefore, in developed countries, it is not very hard to trade Bitcoin. In 2022, I believe banks will try to centralize Bitcoin. However, they can never do this job since Bitcoin is anonymous. Bitcoin will continue to develop and the number of Bitcoin users keep increasing thanks to banks
There are some systems with which some countries will try to centralize bitcoin like to start their own wallets and to collect the identity information and restrict the transactions to some places but still they will not be successful because people will like to store their bitcoins at anonymous bitcoin wallets and will not like to adopt those state owned or bank owned bitcoin online wallets.
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January 28, 2017, 11:53:31 AM
 #1511

Actually, in some EU countries, banks have decided to add Bitcoin as a property to sell and buy.

I am from Europe myself, and I can't recall hving seen any article or bank publishing that sort of news. Can you link me to an article, or name up these banks in question? Because I find it highly unlikely at this point.

I believe banks will try to centralize Bitcoin. However, they can never do this job since Bitcoin is anonymous. Bitcoin will continue to develop and the number of Bitcoin users keep increasing thanks to banks

Banks have no interest in centralizing Bitcoin since they aren't interested in Bitcoin at all. Only point of importance that they see in Bitcoin is the blockchain as technology. That's why they have been putting millions in developing their own version of the blockchain. If they at some point manage to develop a blockchain where they remain the central authority, and include all kinds of other features they see value in, then it will not be a problem at all to have some sort of digital token connected to fiat running at the same time. It gives people all the benefits that people have with Bitcoin right now, but then with the bank being the central authority.
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January 28, 2017, 01:57:43 PM
 #1512

i think the banks will just make it easier to trade and pass currency
I can not agree more. Actually, in some EU countries, banks have decided to add Bitcoin as a property to sell and buy. Therefore, in developed countries, it is not very hard to trade Bitcoin. In 2022, I believe banks will try to centralize Bitcoin. However, they can never do this job since Bitcoin is anonymous. Bitcoin will continue to develop and the number of Bitcoin users keep increasing thanks to banks
do you think that if the banks become succeeded in decentralize bitcoin, then bitcoin will continue it current status? i think bitcoin will lose its beauty if it become centralize. to me i think banks will accept bitcoin only if the states will recognize it as legal currency. Because banks mostly work under government supervision therefore they will not accept bitcoin unless the states recognize it.
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January 28, 2017, 02:45:42 PM
 #1513

It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
That is not the actually happening in the future. If government find to way to earn taxes in bitcoin such as transactions, there is no reason for banning a bitcoin. And in the 2022 everyone knows about bitcoin and almost are trying to join world of bitcoin.
Where we can buy in our markets using only bitcoin because they know how bitcoin is important. And the price also of bitcoin will doubled or triced on that year in the future.

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January 28, 2017, 02:51:56 PM
 #1514

Sometimes I have been a bit skeptical about this possibility, but many people were also skeptical when mobile phones emerged 30 years ago and anyone believed that almost everybody would be using them these days.

So I am starting to think it may be possible, but of course this disruptive technology will also need several years to achieve that expected massive adoption.

Mobile phones have an incredibly high utility and revolutionized communications and access to information. Bitcoin isn't even close to that level of disruption or technological revolution. It's a novel idea, sure, and it has some utility, but the level of utility is absolutely dwarfed by what the mobile phone did for communications.

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January 28, 2017, 09:30:12 PM
 #1515

Sometimes I have been a bit skeptical about this possibility, but many people were also skeptical when mobile phones emerged 30 years ago and anyone believed that almost everybody would be using them these days.

So I am starting to think it may be possible, but of course this disruptive technology will also need several years to achieve that expected massive adoption.

Mobile phones have an incredibly high utility and revolutionized communications and access to information. Bitcoin isn't even close to that level of disruption or technological revolution. It's a novel idea, sure, and it has some utility, but the level of utility is absolutely dwarfed by what the mobile phone did for communications.

Bitcoin also has its advantages. But they are more beneficial to the people, but not for the government. That is why there is a threat that the Bitcoin is banned in 2022. But I do hope that this will not happen
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January 28, 2017, 10:08:16 PM
 #1516

Sometimes I have been a bit skeptical about this possibility, but many people were also skeptical when mobile phones emerged 30 years ago and anyone believed that almost everybody would be using them these days.

So I am starting to think it may be possible, but of course this disruptive technology will also need several years to achieve that expected massive adoption.

Mobile phones have an incredibly high utility and revolutionized communications and access to information. Bitcoin isn't even close to that level of disruption or technological revolution. It's a novel idea, sure, and it has some utility, but the level of utility is absolutely dwarfed by what the mobile phone did for communications.

Bitcoin also has its advantages. But they are more beneficial to the people, but not for the government. That is why there is a threat that the Bitcoin is banned in 2022. But I do hope that this will not happen

Government is well aware that it can be a threat to their fiat currency and also to a banking system and that is the reason they are not supporting bitcoins and even if bitcoin gets banned in future then also people will find the ways to earn it and bitcoin is a decentralized currency so I don't think even Government can have control on it.
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January 29, 2017, 04:44:18 AM
 #1517

It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
That is not the actually happening in the future. If government find to way to earn taxes in bitcoin such as transactions, there is no reason for banning a bitcoin. And in the 2022 everyone knows about bitcoin and almost are trying to join world of bitcoin.
Where we can buy in our markets using only bitcoin because they know how bitcoin is important. And the price also of bitcoin will doubled or triced on that year in the future.

One major reason would be bitcoin is a threat to fiat. If people would stop using fiat, then how would they be able to control their countrymen? These people want nothing but power over us.

In 2022, you're saying that everyone knows about bitcoin? Well, you're in for a big surprise.

This forum is the biggest bitcoin-related forum and you would think that getting the amount of active users here would help knowing how many active bitcoiners there is.

According to Vod:
Out of 931,607 forum accounts

683,977 accounts (73%) have never made a single post.
196,818 accounts (21%) are newbies

That leaves us with no less than 50,812 users which most have alt accounts. That means this number can still be divided by 2 or 3 or whatever the average number of alt accounts a single user has.

I'm pretty sure that those numbers are far away from "everyone" even if we say it's 2022. It wouldn't go from 50k+ to 7 billion.

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January 29, 2017, 04:48:51 AM
 #1518

Sometimes I have been a bit skeptical about this possibility, but many people were also skeptical when mobile phones emerged 30 years ago and anyone believed that almost everybody would be using them these days.

So I am starting to think it may be possible, but of course this disruptive technology will also need several years to achieve that expected massive adoption.

Mobile phones have an incredibly high utility and revolutionized communications and access to information. Bitcoin isn't even close to that level of disruption or technological revolution. It's a novel idea, sure, and it has some utility, but the level of utility is absolutely dwarfed by what the mobile phone did for communications.

Bitcoin also has its advantages. But they are more beneficial to the people, but not for the government. That is why there is a threat that the Bitcoin is banned in 2022. But I do hope that this will not happen

Government is well aware that it can be a threat to their fiat currency and also to a banking system and that is the reason they are not supporting bitcoins and even if bitcoin gets banned in future then also people will find the ways to earn it and bitcoin is a decentralized currency so I don't think even Government can have control on it.
Im think Bitcoin will accepted in any government and bank in near future but they made some regulations and law that can control the price of Bitcoin.As result Bitcoin price is more stable than now.Thats my opinion.
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January 29, 2017, 04:53:23 AM
 #1519

Sometimes I have been a bit skeptical about this possibility, but many people were also skeptical when mobile phones emerged 30 years ago and anyone believed that almost everybody would be using them these days.

So I am starting to think it may be possible, but of course this disruptive technology will also need several years to achieve that expected massive adoption.

Mobile phones have an incredibly high utility and revolutionized communications and access to information. Bitcoin isn't even close to that level of disruption or technological revolution. It's a novel idea, sure, and it has some utility, but the level of utility is absolutely dwarfed by what the mobile phone did for communications.

Bitcoin also has its advantages. But they are more beneficial to the people, but not for the government. That is why there is a threat that the Bitcoin is banned in 2022. But I do hope that this will not happen

Government is well aware that it can be a threat to their fiat currency and also to a banking system and that is the reason they are not supporting bitcoins and even if bitcoin gets banned in future then also people will find the ways to earn it and bitcoin is a decentralized currency so I don't think even Government can have control on it.
Im think Bitcoin will accepted in any government and bank in near future but they made some regulations and law that can control the price of Bitcoin.As result Bitcoin price is more stable than now.Thats my opinion.
Yeah that would be a logical guess and in 5 years that could actually take effect. And probably all citizens that can actually have access to btc may be owning or may have owned bitcoin one way or another. So it is highly possible to say that most people in 2022 would have been in contact or have transcted using btc

 
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January 29, 2017, 06:36:03 AM
 #1520

I think in 5 years Bitcoin will be known to almost everybody on this planet, but will they be using it that's a question. I think most of them will but can't say for everyone.

That's the reality they may know bitcoin but also another is that, they will know it for good reason or with bad? Because many are already have knowledge in bitcoin but their knowledge into is very bad, thinking that bitcoin is just something that is being used for bad things, illegal activities and other types of crimes which is very unfair but its the reality.

Knowing bitcoin to everyone for its beneficial purpose is important and i dont think everybody in the world be introduced to bitcoins even after 5 years. I can say that bitcoins will be used in majority of the nations if not all. Most under developed areas still not having Internet cannot use bitcoins without infrastructure of Internet and computers.

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