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Kotone
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July 28, 2016, 06:37:35 AM |
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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.
uhmm. I think 60% or at least 50% of us. Imagine all the people, do they usually use technologies ? There are also places in the world without internet. Even computers and we all know exactly where that is. Cash is the ultimate currency in this world and we know its too powerful to use. And now we are now rotating this world with cash. Cash can't be changed. This will always be the bridge of all the currencies. |
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patricken
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July 28, 2016, 04:11:16 PM |
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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.
uhmm. I think 60% or at least 50% of us. Imagine all the people, do they usually use technologies ? There are also places in the world without internet. Even computers and we all know exactly where that is. Cash is the ultimate currency in this world and we know its too powerful to use. And now we are now rotating this world with cash. Cash can't be changed. This will always be the bridge of all the currencies. 2022 is 6 years away from now. So I think there will be no more than 3 million people will use the bitcoin regularly. |
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Bitcoinbro
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July 28, 2016, 05:32:57 PM |
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Changing times and fast paced technologies are slowly influencing the ways we do our day to day transactions. Even third world countries are being introduced to BTC, though at a slower pace. It might take more than 6 years before something like mass adoption in far away places take place. People living in remote areas would find it challenging to adapt to changes because of logistical problems and infrastracture limitations.
I am from a third world country and yes, there have been websites in our country accepting bitcoin and services allowing users to cash out bitcoin to our banks, this proves bitcoin is now being used by almost all countries. One of the government official mentioned to have our own coin in the senate too. although i doubt it will be implemented. No that will not happen as you can see you also now that Dollar is more used than Bitcoin at the moment so that is not that best what can happen with Bitcoin but it is of course getting more popular. And you also dont even know what the value will be and that is also a risky thing. I also do not think that the Bitcoin is going to be used by everyone in 2022, Bitcoin has to become really popular for that to happen. I think that Bitcoin will need more time before we see almost everyone using it. |
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romero121
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July 28, 2016, 05:44:47 PM |
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That's really hard to reach entire population worldwide in such a short time, because bitcoin have been just a few years away from its day of existence. Most other currencies evolving into the world have took long years to reach worldwide population. For this reason bitcoin reaching entire population by 2022 is not possible.
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gtglener
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July 28, 2016, 05:57:53 PM |
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Changing times and fast paced technologies are slowly influencing the ways we do our day to day transactions. Even third world countries are being introduced to BTC, though at a slower pace. It might take more than 6 years before something like mass adoption in far away places take place. People living in remote areas would find it challenging to adapt to changes because of logistical problems and infrastracture limitations.
I am from a third world country and yes, there have been websites in our country accepting bitcoin and services allowing users to cash out bitcoin to our banks, this proves bitcoin is now being used by almost all countries. One of the government official mentioned to have our own coin in the senate too. although i doubt it will be implemented. No that will not happen as you can see you also now that Dollar is more used than Bitcoin at the moment so that is not that best what can happen with Bitcoin but it is of course getting more popular. And you also dont even know what the value will be and that is also a risky thing. I also do not think that the Bitcoin is going to be used by everyone in 2022, Bitcoin has to become really popular for that to happen. I think that Bitcoin will need more time before we see almost everyone using it. Maybe it will not be in the hand of almost all of the living people of the world but I think almost all of the internet users will use bitcoin in that year, as the rate of bitcoin I am seeing is much faster and 6 years is enough for that to happen. |
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Maesters1-
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July 28, 2016, 05:59:22 PM |
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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.
uhmm. I think 60% or at least 50% of us. Imagine all the people, do they usually use technologies ? There are also places in the world without internet. Even computers and we all know exactly where that is. Cash is the ultimate currency in this world and we know its too powerful to use. And now we are now rotating this world with cash. Cash can't be changed. This will always be the bridge of all the currencies. 2022 is 6 years away from now. So I think there will be no more than 3 million people will use the bitcoin regularly. i think in present time a million people will be using bitcoin as i know more that 500 here in my local area who are always discussing bitcoin some have put labels on their bikes and cars. i think more than 50 countries representative are working here in bitcoin and what do yo think about china how may people will be involve in bitcoin and then what about japan and india. |
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Taki
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July 28, 2016, 06:27:49 PM |
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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.
uhmm. I think 60% or at least 50% of us. Imagine all the people, do they usually use technologies ? There are also places in the world without internet. Even computers and we all know exactly where that is. Cash is the ultimate currency in this world and we know its too powerful to use. And now we are now rotating this world with cash. Cash can't be changed. This will always be the bridge of all the currencies. I am wonder how many people use bitcoin now and how to calculate that? Is it be calculated at all?! I don't know about the future, yes technology is rising and enter almost in every house, but you are right - there are still millions of people who don't use computers and even appear modern people who say "NO" to internet and some electronic. It's hard to predict what gonna be in 2022. |
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bitdumper
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One world One currency, Bitcoin.
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July 28, 2016, 06:29:23 PM |
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yes it is sure that people will be much more advance than they are right now and people need just really a small effort to understand bitcoin technoloy they don't need to be a freaky genious.so 2020 is the time when we can not see a user without cryptocurrency.maybe we will get any better system
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potatopower
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CryptoTalk.Org - Get Paid for every Post!
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July 28, 2016, 06:34:15 PM |
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That's really hard to reach entire population worldwide in such a short time, because bitcoin have been just a few years away from its day of existence. Most other currencies evolving into the world have took long years to reach worldwide population. For this reason bitcoin reaching entire population by 2022 is not possible.
thats true, i think it might eb even impossible because there are a lot of people who dont have any internet connection right now it will be a really big problem to make entire population use bitcoins if it is actually possible though it would be really cool |
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crairezx20
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July 28, 2016, 06:39:24 PM |
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yes it is sure that people will be much more advance than they are right now and people need just really a small effort to understand bitcoin technoloy they don't need to be a freaky genious.so 2020 is the time when we can not see a user without cryptocurrency.maybe we will get any better system
Well maybe it will happen but we dont know that bitcoin will be well known by people.. unless if there are people can be advertise or offer it for every country and convince them that bitcoin is powerful in the internet that you can buy good online or you can use it to transfer money all over the world. |
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Gahs
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Minter
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July 29, 2016, 11:35:15 AM |
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People in third world countries have cell phones as well and if you have a phone, internet connectivity is not far away.
The rate at which bitcoin will be adopted into the mainstream will be determined by the world powers.
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randy8777
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July 29, 2016, 11:39:39 AM |
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It is a very optimistic view, but I believe that less than twenty percent will be using it in 2022, and if it is above fifteen percent this is already a good number.
20% of the world population stands for 1.4 billion people. by that time there won't even be 1% of the world population using bitcoin. so i am not sure how you come up with such an insanely high percentage. |
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Ziskinberg
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July 29, 2016, 11:49:41 AM |
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It is a very optimistic view, but I believe that less than twenty percent will be using it in 2022, and if it is above fifteen percent this is already a good number.
20% of the world population stands for 1.4 billion people. by that time there won't even be 1% of the world population using bitcoin. so i am not sure how you come up with such an insanely high percentage. That is what you called unrealistic estimate and that would not help to the majority especially the newbie as that figure is so misleading. We should know the more realistic estimate so we could make the right decision right there and then. |
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agustina2
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July 29, 2016, 01:24:09 PM |
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People in third world countries have cell phones as well and if you have a phone, internet connectivity is not far away.
The rate at which bitcoin will be adopted into the mainstream will be determined by the world powers.
It's not the main point. Even with internet, what if there's no exchanger available in that country wherein people there can have the ability to withdraw and convert their bitcoin into fiat. Global exchanger doesn't support all countries due to some major reasons. |
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Alubert
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July 29, 2016, 05:28:22 PM |
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People in third world countries have cell phones as well and if you have a phone, internet connectivity is not far away.
The rate at which bitcoin will be adopted into the mainstream will be determined by the world powers.
The adoption of the bitcoin will accelerate in the next few years. But not almost everybody will use it in 2022.. |
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Maesters1-
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July 29, 2016, 06:48:08 PM |
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That's really hard to reach entire population worldwide in such a short time, because bitcoin have been just a few years away from its day of existence. Most other currencies evolving into the world have took long years to reach worldwide population. For this reason bitcoin reaching entire population by 2022 is not possible.
yes that is a fact if we talk about the next generation then it is ok round about 30 years later but after 6 or 7 years it is not possible because if i talk about the present condition of my country in my country the litracy rate is below 20% so how can they learn about computer and internet but i am hopeful that after 20 to 30 year the literacy rate will be quite good and then people will use bitcoin easily. |
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MingLee
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July 29, 2016, 07:31:40 PM |
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People in third world countries have cell phones as well and if you have a phone, internet connectivity is not far away.
The rate at which bitcoin will be adopted into the mainstream will be determined by the world powers.
It's not the main point. Even with internet, what if there's no exchanger available in that country wherein people there can have the ability to withdraw and convert their bitcoin into fiat. Global exchanger doesn't support all countries due to some major reasons. Unless Bitcoin was used exclusively by people and fiat was a thing of the past, there is a massive discrepency with the amount of infrastructure required to make it relatively easy for people to exchange their money to/from Bitcoin without having to have a length process. It has to be as easy as going down to the local bank and buying or selling it there. If that sort of infrastructure doesn't exist, or people aren't willing to set it up, there is going to be a huge lag behind where Bitcoin could be and where it would be. |
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xdrpx
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July 29, 2016, 07:39:42 PM |
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Maybe like today, most banks would start focusing on Blockchain technology and probably roll out their own forms of digital currency. I'm sure this wont substitute Bitcoin that well, but to convince their existing large customers, it'd be an easy task and they'd still exist. Considering this, I'm sure many would still use Bitcoin by then and the numbers would always rise.
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Vikingr
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July 29, 2016, 07:54:08 PM |
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That's really hard to reach entire population worldwide in such a short time, because bitcoin have been just a few years away from its day of existence. Most other currencies evolving into the world have took long years to reach worldwide population. For this reason bitcoin reaching entire population by 2022 is not possible.
yes that is a fact if we talk about the next generation then it is ok round about 30 years later but after 6 or 7 years it is not possible because if i talk about the present condition of my country in my country the litracy rate is below 20% so how can they learn about computer and internet but i am hopeful that after 20 to 30 year the literacy rate will be quite good and then people will use bitcoin easily. The education is must for understanding bitcoin, a time will come when the rate of bitcoin will be depend on the rate of literacy, if there were more educated people then there will be more people who will use bitcoin, and only uneducated will not have bitcoin. |
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panju1
Legendary
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Activity: 1246
Merit: 1000
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July 30, 2016, 08:55:03 AM |
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That's really hard to reach entire population worldwide in such a short time, because bitcoin have been just a few years away from its day of existence. Most other currencies evolving into the world have took long years to reach worldwide population. For this reason bitcoin reaching entire population by 2022 is not possible.
yes that is a fact if we talk about the next generation then it is ok round about 30 years later but after 6 or 7 years it is not possible because if i talk about the present condition of my country in my country the litracy rate is below 20% so how can they learn about computer and internet but i am hopeful that after 20 to 30 year the literacy rate will be quite good and then people will use bitcoin easily. The education is must for understanding bitcoin, a time will come when the rate of bitcoin will be depend on the rate of literacy, if there were more educated people then there will be more people who will use bitcoin, and only uneducated will not have bitcoin. Education is not really necessary. There are illiterate people who use smart phones, which have really changed their lives. It is possible that Bitcoin too is just looking for an enabler to reach the masses. |
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