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lavapits
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August 05, 2016, 06:46:01 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.
It will be used a lot, yes. But not by everyone for sure, because people still will be afraid of bitcoins, not everyone know about bitcoins yet, so it will take more time than that |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Alubert
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August 05, 2016, 09:48:19 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.
It will be used a lot, yes. But not by everyone for sure, because people still will be afraid of bitcoins, not everyone know about bitcoins yet, so it will take more time than that No more than 0.1% of the world population will use the bitcoin in 2022. If it does, the price will be $100,000 each. |
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agustina2
Legendary
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Activity: 2436
Merit: 1008
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August 05, 2016, 12:04:58 PM |
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I'll be glad when there are many countries that use bitcoin. but I think distribution bitcoin is still relatively slow. in the local exchange in my country alone. there are reach 200k users only not reached 1 million. whereas my country, including big country. I think in time six years. the number of users will be 2 times more than this? many users will definitely give a nice effect for bitcoin
Nowadays I think that it's not only the restrictions on the many different countries but also the recent hack with could shake faith in bitcoin and people gradually can leave bitcoin because of the recent hack and the recent price drop which I consider dramatically, 2022 is not far from now and I think that bicoin until that time will be used by people but not exactly from everyone in the world. Recent hack is nothing compare to Mt Gox saga. And that Mt Gox saga is more hurtful than the recent hack but still some people get hooked and put themselves in the world of cryptocurrency. Bitcoin itself isn't the one to blame but those third party exchanges that greedy in making money. |
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Shibashi Dogemoto
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August 05, 2016, 12:07:57 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.
It will be used a lot, yes. But not by everyone for sure, because people still will be afraid of bitcoins, not everyone know about bitcoins yet, so it will take more time than that The major reason is people are afraid of investing their money into it as there are many scammers around who are constantly busy in running away with the money of people so I don't think it will be used by everyone in future. |
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randy8777
Legendary
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Activity: 896
Merit: 1000
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August 05, 2016, 12:18:32 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.
It will be used a lot, yes. But not by everyone for sure, because people still will be afraid of bitcoins, not everyone know about bitcoins yet, so it will take more time than that The major reason is people are afraid of investing their money into it as there are many scammers around who are constantly busy in running away with the money of people so I don't think it will be used by everyone in future. i think the volatility aspect of bitcoin and the anti bitcoin campaign from the media has a much greater impact on people as to why they don't want to use bitcoin. also, scammers are everywhere in the world. if you use common sense when doing trades, then you can avoid being scammed. using a really trusted escrow helps to make the chances of getting scammed even lower. |
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Corenin
Legendary
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Activity: 1008
Merit: 1000
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August 05, 2016, 12:35:00 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.
It will be used a lot, yes. But not by everyone for sure, because people still will be afraid of bitcoins, not everyone know about bitcoins yet, so it will take more time than that The major reason is people are afraid of investing their money into it as there are many scammers around who are constantly busy in running away with the money of people so I don't think it will be used by everyone in future. i think the volatility aspect of bitcoin and the anti bitcoin campaign from the media has a much greater impact on people as to why they don't want to use bitcoin. also, scammers are everywhere in the world. if you use common sense when doing trades, then you can avoid being scammed. using a really trusted escrow helps to make the chances of getting scammed even lower. Yeah you need to be proactive to avoid of getting scammed while making an investment, and if you are smart enough and not greedy then no one can scam you for sure. |
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ImHash
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August 05, 2016, 12:39:22 PM |
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one can alwys hope as it's not a crime.
you wish almost everyone, those are using now have their doubts about bitcoin.
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Natniadan
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Activity: 28
Merit: 0
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August 06, 2016, 07:53:35 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.
It will be used a lot, yes. But not by everyone for sure, because people still will be afraid of bitcoins, not everyone know about bitcoins yet, so it will take more time than that The major reason is people are afraid of investing their money into it as there are many scammers around who are constantly busy in running away with the money of people so I don't think it will be used by everyone in future. That is right. So we need conventional good reputation banks to adopt the bitcoin and provide relevant services. |
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CoinFoxs
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Campaign Management & Translation Service
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August 06, 2016, 08:51:12 AM |
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No, bitcoin is becoming popular very fastly but i don't think it will be used by all people in the world, the reason to that question is most people are earn an enough amount from their jobs and business so they don't need to work on bitcoin for money.
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kevpantof
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August 06, 2016, 01:14:04 PM |
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No, bitcoin is becoming popular very fastly but i don't think it will be used by all people in the world, the reason to that question is most people are earn an enough amount from their jobs and business so they don't need to work on bitcoin for money.
i support him... even its getting famous day by day and many new user are logging in... but it can't be used by 100% because other are happy at their work |
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Alubert
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August 07, 2016, 06:28:49 AM |
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No, bitcoin is becoming popular very fastly but i don't think it will be used by all people in the world, the reason to that question is most people are earn an enough amount from their jobs and business so they don't need to work on bitcoin for money.
It will take some time for the bitcoin to be made popular among the world population. We need to promote it. |
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diodio5
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August 07, 2016, 07:05:53 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.
It will be used a lot, yes. But not by everyone for sure, because people still will be afraid of bitcoins, not everyone know about bitcoins yet, so it will take more time than that No more than 0.1% of the world population will use the bitcoin in 2022. If it does, the price will be $100,000 each. yeah if everyone using bitcoin in 2022 certainly bitcoin prices could soar very high. if you can think of bitcoin users currently reaches 10 million users and is now worth $ 600 bitcoin? what if the user bitcoin reach 3 billion people?of course the price will rise more than 300-fold Lol |
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BeGoods
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August 07, 2016, 11:57:37 PM |
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Bitcoin won't be used by everyone not until our generation gets to be a hundred years old. That means we'd all be dead when that happens and even so people will still prefer to use fiat. Can't take that away from them, its their freedom as well
That's true, even after more than year 2022, not all will be using bitcoin.. Not all the people in the world are techy, and not all like making a transaction online and many are afraid to invest to something new.. Older generations will I guess would prefer to use their fiat than converting it to bitcoin..  We don't need the whole world in order to be successful, as long as a good number of people are adopting bitcoins this will prosper and will give benefits for the users and the investors also. the important its users make bitcoin prices to rise when the bitcoin increase because demand will automatically enlarged when users arrive. I sincerely hope that users will continue to grow bitcoin possible until all mankind I'm sure if it happens I can not imagine the price of bitcoin will happen? |
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Alubert
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August 09, 2016, 07:59:16 AM |
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Bitcoin won't be used by everyone not until our generation gets to be a hundred years old. That means we'd all be dead when that happens and even so people will still prefer to use fiat. Can't take that away from them, its their freedom as well
That's true, even after more than year 2022, not all will be using bitcoin.. Not all the people in the world are techy, and not all like making a transaction online and many are afraid to invest to something new.. Older generations will I guess would prefer to use their fiat than converting it to bitcoin.. We don't need the whole world in order to be successful, as long as a good number of people are adopting bitcoins this will prosper and will give benefits for the users and the investors also. the important its users make bitcoin prices to rise when the bitcoin increase because demand will automatically enlarged when users arrive. I sincerely hope that users will continue to grow bitcoin possible until all mankind I'm sure if it happens I can not imagine the price of bitcoin will happen? The bitcoin users have increased steadily. That is indicated by the number of transactions. We need to increase the block size. |
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ASHLIUSZ
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August 09, 2016, 08:32:10 AM |
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Bitcoin won't be used by everyone not until our generation gets to be a hundred years old. That means we'd all be dead when that happens and even so people will still prefer to use fiat. Can't take that away from them, its their freedom as well
That's true, even after more than year 2022, not all will be using bitcoin.. Not all the people in the world are techy, and not all like making a transaction online and many are afraid to invest to something new.. Older generations will I guess would prefer to use their fiat than converting it to bitcoin.. We don't need the whole world in order to be successful, as long as a good number of people are adopting bitcoins this will prosper and will give benefits for the users and the investors also. the important its users make bitcoin prices to rise when the bitcoin increase because demand will automatically enlarged when users arrive. I sincerely hope that users will continue to grow bitcoin possible until all mankind I'm sure if it happens I can not imagine the price of bitcoin will happen? The bitcoin users have increased steadily. That is indicated by the number of transactions. We need to increase the block size. With increased blocksize comes a larger blockchain, which means the blockchain could get so big in size that not everyone can run a full bitcoin core node. This means large scale servers, for example, will only be able to run bitcoin core full nodes leaving average joe behind, thus resulting in less decentralization. |
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Eidheen
Newbie
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Activity: 14
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August 09, 2016, 08:52:12 PM |
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2022 is too near the future for BTC to be used worldwide. Mass adoption is slowly taking place, but I personally don't think 6 years would be enough to introduce BTC to most everybody, especially in third world countries, where even internet connectivity is still a huge problem.
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441fredd
Newbie
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Activity: 6
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August 09, 2016, 09:43:30 PM |
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i think that it will be really possible because may people will get into bitcoins
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Schuyler
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August 10, 2016, 08:08:57 AM |
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i think that it will be really possible because may people will get into bitcoins
Highly unlikely. Bitcoin is a tech-driven kind of currency. The mere mention of digital scares some people right away. The number of bitcoin users is still very small and we are already in the year 2016. I don't think six more years of bitcoin's existence is going to be enough for it to make the crossover to mass media appreciation, and eventually usage. |
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tygeade
Legendary
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Activity: 2100
Merit: 1058
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August 10, 2016, 08:11:55 AM |
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i think that it will be really possible because may people will get into bitcoins
Highly unlikely. Bitcoin is a tech-driven kind of currency. The mere mention of digital scares some people right away. The number of bitcoin users is still very small and we are already in the year 2016. I don't think six more years of bitcoin's existence is going to be enough for it to make the crossover to mass media appreciation, and eventually usage. We will see major growth in the users of bitcoin till then and it will be also used and accepted at many places but its hard to imagine that almost everyone will start using it. |
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