tygeade
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September 06, 2016, 09:09:07 AM |
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Not nearly everyone but I think that a significant amount of the global population would soon recognize its usefulness and use it instead of cash in their daily financial transactions. Also, I think we would see a boom in the merchant side of bitcoin: businesses offering discounts, promos and of course, items in exchange for bitcoin. It would be great for bitcoin overall since it would greatly stimulate the economy and circulate bitcoins instead of people hoarding it.
Bitcoin will gain more popularity by then and it will be used and accepted at majority of place but I don't think that it will be used by everyone, I think it will take almost a decade for that to happen. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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1Referee
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September 06, 2016, 09:13:50 AM |
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Not nearly everyone but I think that a significant amount of the global population would soon recognize its usefulness and use it instead of cash in their daily financial transactions. Also, I think we would see a boom in the merchant side of bitcoin: businesses offering discounts, promos and of course, items in exchange for bitcoin. It would be great for bitcoin overall since it would greatly stimulate the economy and circulate bitcoins instead of people hoarding it.
Just the idea of a higher adoption rate will make people hoard Bitcoin like there is no tomorrow. People are still in the state of Bitcoin is an investment, instead of a currency tool. There are several threads in this forum where people say "I use Bitcoin as currency for this and that" but how many of them are making it up just to increase their post count? I think a lot. Especially the lower ranked members. Their main priority is to collect as many coins as possible and to convert them to their local fiat currency. |
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Galiatram
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September 06, 2016, 09:32:39 AM |
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There is no way to tell what's going to happen but I'm pretty sure bitcoin isn't going to completely destroy fiat.
There's too many powerful people in the world for this to even happen. Bitcoin will gain alot of users though and it might see a big push but it sadly won't be number 1 atleast that's my guess. Would be great if it did happen though!
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warwar
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September 06, 2016, 09:45:34 AM |
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Not nearly everyone but I think that a significant amount of the global population would soon recognize its usefulness and use it instead of cash in their daily financial transactions. Also, I think we would see a boom in the merchant side of bitcoin: businesses offering discounts, promos and of course, items in exchange for bitcoin. It would be great for bitcoin overall since it would greatly stimulate the economy and circulate bitcoins instead of people hoarding it.
Bitcoin will gain more popularity by then and it will be used and accepted at majority of place but I don't think that it will be used by everyone, I think it will take almost a decade for that to happen. I agree it will be not used by everyone in 2022 but i will just say that it is possible that almost of the 1/4 or 1/8 of the population will be using bitcoin on that year but not really all. Because the community of bitcoin is getting popular every year so lets hope it will happen  |
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JessicaSe
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September 06, 2016, 10:39:05 AM |
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Not nearly everyone but I think that a significant amount of the global population would soon recognize its usefulness and use it instead of cash in their daily financial transactions. Also, I think we would see a boom in the merchant side of bitcoin: businesses offering discounts, promos and of course, items in exchange for bitcoin. It would be great for bitcoin overall since it would greatly stimulate the economy and circulate bitcoins instead of people hoarding it.
Bitcoin will gain more popularity by then and it will be used and accepted at majority of place but I don't think that it will be used by everyone, I think it will take almost a decade for that to happen. I agree it will be not used by everyone in 2022 but i will just say that it is possible that almost of the 1/4 or 1/8 of the population will be using bitcoin on that year but not really all. Because the community of bitcoin is getting popular every year so lets hope it will happen Yeah bitcoin is gaining popularity day by day and we are also seeing increase in the users of bitcoin, so we can expect higher user base in next 6 years which will also help in taking price higher. |
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ajun96
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September 06, 2016, 11:55:31 AM |
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Not nearly everyone but I think that a significant amount of the global population would soon recognize its usefulness and use it instead of cash in their daily financial transactions. Also, I think we would see a boom in the merchant side of bitcoin: businesses offering discounts, promos and of course, items in exchange for bitcoin. It would be great for bitcoin overall since it would greatly stimulate the economy and circulate bitcoins instead of people hoarding it.
Bitcoin will gain more popularity by then and it will be used and accepted at majority of place but I don't think that it will be used by everyone, I think it will take almost a decade for that to happen. yeah of course in the future will become increasingly popular bitcoin you can see today that they continue to grow and adoption period continues to run I'm sure every year bitcoin will have more users. agree I also do not think that bitcoin will have users up to the whole person |
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lister storm
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September 06, 2016, 03:35:37 PM |
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Not nearly everyone but I think that a significant amount of the global population would soon recognize its usefulness and use it instead of cash in their daily financial transactions. Also, I think we would see a boom in the merchant side of bitcoin: businesses offering discounts, promos and of course, items in exchange for bitcoin. It would be great for bitcoin overall since it would greatly stimulate the economy and circulate bitcoins instead of people hoarding it.
yeah, a lot of people will not be using their bitcoins then i think but either way there will be way more people into bitcoin i think |
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blackmachinegun
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September 06, 2016, 11:01:56 PM |
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Not nearly everyone but I think that a significant amount of the global population would soon recognize its usefulness and use it instead of cash in their daily financial transactions. Also, I think we would see a boom in the merchant side of bitcoin: businesses offering discounts, promos and of course, items in exchange for bitcoin. It would be great for bitcoin overall since it would greatly stimulate the economy and circulate bitcoins instead of people hoarding it.
Bitcoin will gain more popularity by then and it will be used and accepted at majority of place but I don't think that it will be used by everyone, I think it will take almost a decade for that to happen. I think in each year bitcoin will always grow in popularity, yeah it proved today many of my friends started to know and adopt bitcoin bitcoin? but I think for a period of 6 years up to 2022, I do not think that users will encompass all mankind? perhaps just a few percent |
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skysblu
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_Bitcoin Africa_
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September 06, 2016, 11:15:23 PM |
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Not nearly everyone but I think that a significant amount of the global population would soon recognize its usefulness and use it instead of cash in their daily financial transactions. Also, I think we would see a boom in the merchant side of bitcoin: businesses offering discounts, promos and of course, items in exchange for bitcoin. It would be great for bitcoin overall since it would greatly stimulate the economy and circulate bitcoins instead of people hoarding it.
well yeah it is impossible that everyone will use it, in my opinion like 30 per cent of the people should be into bitcoins by that year |
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d@nte
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September 06, 2016, 11:52:03 PM |
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I would like to see that happen, but I don't think it is enough time for it. The bitcoin ecosystem certainly needs more time to evolve and to attract more users.
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bluechipinvestor
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September 07, 2016, 05:46:47 PM |
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We can't predict this, but I don't think it can be used by almost everyone in that year, to be honest. It would take many more years to be accomplished this.
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ajun96
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September 08, 2016, 06:55:31 AM |
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Not nearly everyone but I think that a significant amount of the global population would soon recognize its usefulness and use it instead of cash in their daily financial transactions. Also, I think we would see a boom in the merchant side of bitcoin: businesses offering discounts, promos and of course, items in exchange for bitcoin. It would be great for bitcoin overall since it would greatly stimulate the economy and circulate bitcoins instead of people hoarding it.
yeah, a lot of people will not be using their bitcoins then i think but either way there will be way more people into bitcoin i think True I do not think it will be all the people in the world who will use the entire human bitcoin might not like bitcoin, let alone for 6 years. but I think certainly bitcoin users will always grow, you can see the proof in the various surveys, and for 2022 may have already reached 20% |
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bitlancr
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September 08, 2016, 08:04:42 AM |
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We of course cannot predict this but I honestly do not think it can be used by almost everyone in that year.
It would take a lot more years to accomplish this.
And a great support from governments, and also from those private sector who play good role in the government and from us. But to be real, not everyone in this world is a computer enthusiast, that I think is a reason on why bitcoin won't be used by almost everyone in 2022, even when it is already accepted as a legal tender. I do not think that in 2022 Bitcoin is going to be used by almost everyone because I feel like most people would not even try and bother with Bitcoin. They would not like to go trough the extra effort is what I believe. |
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rio3233
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September 08, 2016, 08:09:56 AM |
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My answer is no, in 2022 not everyone will use bitcoin. It's 6 more years though, but i'm not sure everyone in 2022 will use bitcoin. Even now, only few people know and use bitcoin.
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20kevin20
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September 08, 2016, 08:16:37 AM |
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No. In 2022 Bitcoin will be overtaken by other cryptocurrency like Monero. I think Bitcoin will fail until then, because it already is like a ponzi scheme.
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Capradina
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September 08, 2016, 02:10:04 PM |
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No. In 2022 Bitcoin will be overtaken by other cryptocurrency like Monero. I think Bitcoin will fail until then, because it already is like a ponzi scheme.
It also depends on the growth and also the Foundation of the bitcoin in future. If the internet users prefer and use the bitcoin then that everything you say is wrong. If so, just look in the future. Because not all we do (analysis) have similar results on the day of proof |
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poptok1
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September 08, 2016, 02:20:10 PM |
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My answer is no, in 2022 not everyone will use bitcoin. It's 6 more years though, but i'm not sure everyone in 2022 will use bitcoin. Even now, only few people know and use bitcoin.
I will also say no, it wont get the world. Although there is actually nothing to stop it from happening. Adoption rate is still in the rising trend, new services and shops are moving towards bitcoin payment systems, no matter online or stationary... Anything can happen, huge boom for BTC or extraordinary crash. I'm happy that I can witness this. Fun times. |
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stromma44
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September 08, 2016, 02:36:24 PM |
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My answer is no, in 2022 not everyone will use bitcoin. It's 6 more years though, but i'm not sure everyone in 2022 will use bitcoin. Even now, only few people know and use bitcoin.
Yeah its hard to believe that everyone would start using bitcoin in such a small duration, as bitcoin is not popular everywhere and it will take long time for everyone to adopt it. |
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HabBear
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September 08, 2016, 03:08:50 PM |
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The short answer, probably not. No other currency in the history of the world has been used by ever person in the world, what makes bitcoin the currency to do that...and in just 6 years from today? Plus, much of the world doesn't have regular access to the internet, a key utility needed to access bitcoin.
But let's do some math to figure out how it would impact the volume of coin people would have.
The population of the planet is expected to be 7.28b in 2020...let's estimate the population in 2022 at 7.3b.
In 2022 there's estimated to be 21m bitcoin mined, and no more. So if the entire world was using bitcoin and everyone had an equal amount (which is unrealistic), each person would have BTC0.0028. It would make the value of each bitcoin SUPER high, lots of purchasing power, because there's so few available compared to the population.
That BTC0.0028 is equivalent to $1.79 (based on today's BTC/USD price of $625).
It's great to dream big, but I don't think any of us want Bitcoin to take over all the fiat currencies. If it does, you'd have all the problems fiat currency has imposed on bitcoin.
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lavapits
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September 08, 2016, 08:21:01 PM |
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Not nearly everyone but I think that a significant amount of the global population would soon recognize its usefulness and use it instead of cash in their daily financial transactions. Also, I think we would see a boom in the merchant side of bitcoin: businesses offering discounts, promos and of course, items in exchange for bitcoin. It would be great for bitcoin overall since it would greatly stimulate the economy and circulate bitcoins instead of people hoarding it.
Bitcoin will gain more popularity by then and it will be used and accepted at majority of place but I don't think that it will be used by everyone, I think it will take almost a decade for that to happen. you are right, in my opinion bitcoins will be more and more popular in the future and i think it will make us all some good money |
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