andrei56
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March 31, 2017, 02:23:25 AM |
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The popularity of bitcoins is very limited at a moment and it has not reached to each and every corner of the world so its hard to believe that everyone will start using bitcoins in such short time frame and there will be many people who will prefer to stay away from it and continue with fiat.
Bitcoin is in a deadlock, if many people used bitcoin that would incentivize more people to use bitcoin but for that to happen more people need to use bitcoin so we are trapped in a loop that does not seems to have a way out, so we can only try to promote bitcoin ourselves and see a slow adoption ob bitcoin.
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goldcoinminer
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March 31, 2017, 06:27:46 AM |
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The popularity of bitcoins is very limited at a moment and it has not reached to each and every corner of the world so its hard to believe that everyone will start using bitcoins in such short time frame and there will be many people who will prefer to stay away from it and continue with fiat.
Bitcoin is in a deadlock, if many people used bitcoin that would incentivize more people to use bitcoin but for that to happen more people need to use bitcoin so we are trapped in a loop that does not seems to have a way out, so we can only try to promote bitcoin ourselves and see a slow adoption ob bitcoin. I could possibly agree with that because we are looking at the future of bitcoin, as people stated to adopt because they see bitcoin is giving them benefits we could also see more and more will be coming. Not all people are necessary to invest because I would love to see more spenders than holders of bitcoin.
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Owl_Fintech
Jr. Member
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Byteball.org - airdropped high-end cryptocurrency
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March 31, 2017, 06:43:39 AM |
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As I see it, Bitcoin has the potential to be the most used asset for the purpose of storing value, but I'm not sure about micropayments.
It is important to remember that new technologies come up every year. If Bitcoin keeps improving, it could be one of the most widely used means of payment for microtransactions, but this requires effort and consensus among developers, users and miners.
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alani123
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March 31, 2017, 06:58:58 AM |
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As I see it, Bitcoin has the potential to be the most used asset for the purpose of storing value, but I'm not sure about micropayments.
It is important to remember that new technologies come up every year. If Bitcoin keeps improving, it could be one of the most widely used means of payment for microtransactions, but this requires effort and consensus among developers, users and miners.
I think that the connotation of using bitcoin for microtransactions was faulty from the beggining. Bitcoin does have the divisibility but neither the network capacity nor the lack of value to help facilitate such a thing. The only period of time that bitcoin seemed like a valid means of payment for microtransactions was when it didn't receive much use and didn't have a fractions of today's market value.
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Oatmeal
Newbie
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Merit: 0
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March 31, 2017, 11:44:11 AM |
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There are some who believed that it will be used in 2022, most of bitcoins users believes that idea, in fact they found the similarity of it when emails are still new. At late 1990's people used to laugh about what email can do they found it ridiculous and just a waste of time, but look at now people nowadays are all using emails as a sign of communication and transaction. Same as bitcoin if you ask a person what bitcoin is they have no idea and when you teach them they'll just say it is just a waste of time and say HA-HA. I believe that in that year people will use bitcoin it is because it is a digital money that connects people around the world without any hustle. And it has potential assets that paper money cannot do.
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ilovefeetsmell
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March 31, 2017, 02:15:50 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.
Our life will depend on technology. Banks will disappear in the market because it is not needed by everybody. There's an alternative way to keep our money or to save our money. Banks are against in bitcoin even our government. They couldn't control the bitcoin. Maybe someday it will happen but I wish not to happen because it is very alarming. We know that fiat and bitcoin are very important to us to make a transaction.
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VanDeinsberg12
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March 31, 2017, 03:32:22 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.
Our life will depend on technology. Banks will disappear in the market because it is not needed by everybody. There's an alternative way to keep our money or to save our money. Banks are against in bitcoin even our government. They couldn't control the bitcoin. Maybe someday it will happen but I wish not to happen because it is very alarming. We know that fiat and bitcoin are very important to us to make a transaction. You still see a lot of the bank in our real life, Just the matter of time until the bank is trying to make attack for the crypto ecosystem. We must ready for it. Bank are trying controlling the bitcoin through the indirectly touch.
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Villy_wongaa
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Merit: 0
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March 31, 2017, 03:58:41 PM |
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There are some who believed that it will be used in 2022, most of bitcoins users believes that idea, in fact they found the similarity of it when emails are still new. At late 1990's people used to laugh about what email can do they found it ridiculous and just a waste of time, but look at now people nowadays are all using emails as a sign of communication and transaction. Same as bitcoin if you ask a person what bitcoin is they have no idea and when you teach them they'll just say it is just a waste of time and say HA-HA. I believe that in that year people will use bitcoin it is because it is a digital money that connects people around the world without any hustle. And it has potential assets that paper money cannot do.
Yes, this is a very good comparison. But over time, for the speed of communication, people began to use different messengers instead of e-mail. There is a possibility that over time, bitcoin may supplant a more sophisticated crypto currency.
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deppil
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March 31, 2017, 05:05:11 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.
Our life will depend on technology. Banks will disappear in the market because it is not needed by everybody. There's an alternative way to keep our money or to save our money. Banks are against in bitcoin even our government. They couldn't control the bitcoin. Maybe someday it will happen but I wish not to happen because it is very alarming. We know that fiat and bitcoin are very important to us to make a transaction. Lol if the banks disappear and everyone saves money for himself and decentralization of each country meets the world will be destroyed. because it will surely happen chaos and crime wherever
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BingoDog
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March 31, 2017, 06:38:43 PM |
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So long and distant future, the year 2022, but since we are rapidly heading towards cashless socitey and new and very developed technologies I wouldn't be surprised. Bitcoin has very big chances to survive this turbulent period and become stronger and more powerful and thus even more accepted everywhere in the world.
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malaj
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Fatanut
Legendary
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Activity: 1008
Merit: 1060
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April 01, 2017, 09:53:24 AM |
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There are some who believed that it will be used in 2022, most of bitcoins users believes that idea, in fact they found the similarity of it when emails are still new. At late 1990's people used to laugh about what email can do they found it ridiculous and just a waste of time, but look at now people nowadays are all using emails as a sign of communication and transaction. Same as bitcoin if you ask a person what bitcoin is they have no idea and when you teach them they'll just say it is just a waste of time and say HA-HA. I believe that in that year people will use bitcoin it is because it is a digital money that connects people around the world without any hustle. And it has potential assets that paper money cannot do.
"Most of bitcoin users believes that idea" can you back this up with some article or some statistics or some survey? Almost everything that is new is laughable by those that don't know about it. In the world war II, if you told someone that it will be possible to talk to other people around the world and we will all be addicted to Facebook, Twitter, and MySpace, you will be laughed at too. Back then, talking to people far away from you is like magic and if you tell people that it's possible and you're doing it already, they will think your crazy and, again, laugh at you. Today, people are more open. When you mention bitcoin to someone, they will not laugh at you (just yet). But when you start telling them that you're making good amount of money and you're doing better than everyone else in the room, they will laugh at you. They'll say it's some sort of scam and you're just telling it to them so you can invite them to sign up under your referral. Oh well.
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Kimi80
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April 01, 2017, 10:05:15 AM |
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So long and distant future, the year 2022, but since we are rapidly heading towards cashless socitey and new and very developed technologies I wouldn't be surprised. Bitcoin has very big chances to survive this turbulent period and become stronger and more powerful and thus even more accepted everywhere in the world.
What you are saying is possible, but not in a 4 to 5 years. 2022 is not so distant future, for everyone to get in touch with bitcoin need to pass minimum 20 years or even more I would say, and I take my conclusions from the observing of the people around me, they don`t wish any connections with something on the internet, they are old and only when new generations come we can expect everyone to use bitcoins, but even 20 years is a short period of time for changing generations.
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gabmen
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April 01, 2017, 12:28:16 PM |
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So long and distant future, the year 2022, but since we are rapidly heading towards cashless socitey and new and very developed technologies I wouldn't be surprised. Bitcoin has very big chances to survive this turbulent period and become stronger and more powerful and thus even more accepted everywhere in the world.
What you are saying is possible, but not in a 4 to 5 years. 2022 is not so distant future, for everyone to get in touch with bitcoin need to pass minimum 20 years or even more I would say, and I take my conclusions from the observing of the people around me, they don`t wish any connections with something on the internet, they are old and only when new generations come we can expect everyone to use bitcoins, but even 20 years is a short period of time for changing generations. I agree. People are a bit skeptic about btc and other currencies aside from fiat right now and until they themselves are able to feel the benefits that btc provides, they will continue to be skeptical about cryptocurrencies. Though I believe that in 5 years, btc would be widely known by almost everyone though not all will be confident in using it yet
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Natniadan
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April 18, 2017, 12:56:41 PM |
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So long and distant future, the year 2022, but since we are rapidly heading towards cashless socitey and new and very developed technologies I wouldn't be surprised. Bitcoin has very big chances to survive this turbulent period and become stronger and more powerful and thus even more accepted everywhere in the world.
What you are saying is possible, but not in a 4 to 5 years. 2022 is not so distant future, for everyone to get in touch with bitcoin need to pass minimum 20 years or even more I would say, and I take my conclusions from the observing of the people around me, they don`t wish any connections with something on the internet, they are old and only when new generations come we can expect everyone to use bitcoins, but even 20 years is a short period of time for changing generations. I agree. People are a bit skeptic about btc and other currencies aside from fiat right now and until they themselves are able to feel the benefits that btc provides, they will continue to be skeptical about cryptocurrencies. Though I believe that in 5 years, btc would be widely known by almost everyone though not all will be confident in using it yet We need lower transaction fees for the bitcoin so that more people will use it. The attraction of new users is more important.
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cybersofts
Copper Member
Sr. Member
Offline
Activity: 658
Merit: 284
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April 18, 2017, 05:04:00 PM |
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by 2022? in 6 years? Hardly so... by 2030 - yes, very likelly. by 2050 - VERY sure. Not even small doubt. FIAT will be found only in the history books by 2050
LOL Bitcoin has the potential to take over the 50% of the financial market by 2050. but not fiat and paper currency in 33 years because of banks and the government bitcoin recognition issues. If to say the banks and the government would allow the use of bitcoins without any laws and regulations bitcoin would surely take over the world, but due to these problems from banks and government might slow bitcoin persistent growth in the years to come! But nevertheless bitcoin would still thrive as most people are yet to understand the truth power of bitcoin and how easy it is to be used. when everybody understands that then sky is just the starting point for the bitcoins.
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mrcash02
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April 18, 2017, 05:07:56 PM |
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So long and distant future, the year 2022, but since we are rapidly heading towards cashless socitey and new and very developed technologies I wouldn't be surprised. Bitcoin has very big chances to survive this turbulent period and become stronger and more powerful and thus even more accepted everywhere in the world.
What you are saying is possible, but not in a 4 to 5 years. 2022 is not so distant future, for everyone to get in touch with bitcoin need to pass minimum 20 years or even more I would say, and I take my conclusions from the observing of the people around me, they don`t wish any connections with something on the internet, they are old and only when new generations come we can expect everyone to use bitcoins, but even 20 years is a short period of time for changing generations. I agree. People are a bit skeptic about btc and other currencies aside from fiat right now and until they themselves are able to feel the benefits that btc provides, they will continue to be skeptical about cryptocurrencies. Though I believe that in 5 years, btc would be widely known by almost everyone though not all will be confident in using it yet We need lower transaction fees for the bitcoin so that more people will use it. The attraction of new users is more important. This would be nice, but miners are earning money from the fees we pay for transactions, and I believe there is already a kind of lobby which the miners want more expensive fees to make more profit over us. It became a lucrative method for them and I doubt they would give us any chance to pay lower fees for transactions.
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SameHow
Member
Offline
Activity: 98
Merit: 10
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April 18, 2017, 06:09:11 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.
Our life will depend on technology. Banks will disappear in the market because it is not needed by everybody. There's an alternative way to keep our money or to save our money. Banks are against in bitcoin even our government. They couldn't control the bitcoin. Maybe someday it will happen but I wish not to happen because it is very alarming. We know that fiat and bitcoin are very important to us to make a transaction. Lol if the banks disappear and everyone saves money for himself and decentralization of each country meets the world will be destroyed. because it will surely happen chaos and crime wherever Banks disappear, but crypto-currencies also disappear. No one can predict the exact future of any financial system.
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Sled
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April 19, 2017, 03:44:52 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.
Our life will depend on technology. Banks will disappear in the market because it is not needed by everybody. There's an alternative way to keep our money or to save our money. Banks are against in bitcoin even our government. They couldn't control the bitcoin. Maybe someday it will happen but I wish not to happen because it is very alarming. We know that fiat and bitcoin are very important to us to make a transaction. Lol if the banks disappear and everyone saves money for himself and decentralization of each country meets the world will be destroyed. because it will surely happen chaos and crime wherever Banks disappear, but crypto-currencies also disappear. No one can predict the exact future of any financial system. Banks will not disappear because it is very strong and very stable rather than bitcoin that is not yet stable and can be dictated by the person who got a lot of money and supply. I think if ever that the banks disappear, cryptocurrencies will not disappear because it will be the substitute for banks but just what like i said, to be realistic, banks will not disappear.
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Oo ako to
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April 19, 2017, 05:05:35 AM |
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It is a difficult goal, I believe something around thirty percent of the population would already be a major breakthrough for the bitcoin ecosystem, but the users would need to spread the word about Bitcoin to a much larger number of people.
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Altas
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April 19, 2017, 06:05:19 PM |
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It is very difficult to achieve. still many people do not know about Bitcoin then how they use this. It will take some time one day all will use bitcoin for their daily use. For this governments have to accept this as a legal money then only people can use it easily.
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