Next generation money

[Finestream]

Crypto currency The bitcoin is a revolution in the world of money that will turn the world around. Although now it is only gaining momentum, but far-sighted investors can invest in it now and earn money on the exchange rate Bitcoin.

It is really hard to tell whether crypto currency will turn the wolrd around but it is indeed a revolution when we think about the concept of valuation and with time more people would be interested in investing in it and with every investment people will be looking to make profit and so is the case here as more people see bitcoin as an asset as well as electronic cash.

I am sure that soon all currencies will move in a cashless form. Against this background, the bitcoin may be able to find a niche, but I think he will be able to collect for the users is not a stable currency. I wonder if it will survive the third world economies?

I do think it could also happen in the future ad bitcoin will lead all the online currencies. The existence of bitcoin surely awaken the government that it's convenient for the people to use online currency in this busy world, well technology are created to make it easy for us and to save cost.
Bitcoin has provided as the best experience only and if the government will fully support bitcoin, I would not be surprise if this will happen to be the next
generation of money.

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[deisik]

Crypto currency The bitcoin is a revolution in the world of money that will turn the world around. Although now it is only gaining momentum, but far-sighted investors can invest in it now and earn money on the exchange rate Bitcoin.

It is no doubt that Bitcoin will be the new world currency. However, I do not expect that the process will finish in this year since there are still many issues which have not been solved yet. Bitcoin is good, but it is not good enough to replace FIAT, which has existed on this planet for many years. Anyhow, I still believe that Bitcoin was created for the good purposes. Bitcoin will rule the world

In no way bitcoin can replace the fiat currency. Bitcoin will remain as a currency online just like this moment. Though many shops will accept bitcoins in exchange for their goods and other sectors of society will now accept bitcoin as a mode of payment  but bitcoin will remain the same. Its value will still depend on fiat currency. And without the fiat currency bitcoin will be again valueless. Removing fiat currency will not be allowed by the government thus bitcoin acceptance is only as a form of payment and not as a replacement of fiat currency

The devil is in the detail (as always)

Why don't specify which fiat currency you refer to by "the fiat currency"? Are you talking about the US dollar (as the ultimate fiat currency out there as of yet) or just mean any fiat currency among over 100 currencies in circulation today? I guess you should already start feeling uneasy here since while it is certainly true that Bitcoin is not going to replace the American dollar any time soon (or a few other major currencies like Euro or Swiss franc), it is certainly not the case with the rest of the pack. If Bitcoin solves its minor issues with confirmation times and fees (e.g. by introducing Lightning Network), some God forsaken country like Palau may eventually adopt Bitcoin as their primary national currency after all. And then your whole claim gets thrown out the window

[hurain]

Crypto currency The bitcoin is a revolution in the world of money that will turn the world around. Although now it is only gaining momentum, but far-sighted investors can invest in it now and earn money on the exchange rate Bitcoin.

It is really hard to tell whether crypto currency will turn the wolrd around but it is indeed a revolution when we think about the concept of valuation and with time more people would be interested in investing in it and with every investment people will be looking to make profit and so is the case here as more people see bitcoin as an asset as well as electronic cash.

I am sure that soon all currencies will move in a cashless form. Against this background, the bitcoin may be able to find a niche, but I think he will be able to collect for the users is not a stable currency. I wonder if it will survive the third world economies?

I do think it could also happen in the future ad bitcoin will lead all the online currencies. The existence of bitcoin surely awaken the government that it's convenient for the people to use online currency in this busy world, well technology are created to make it easy for us and to save cost.
Bitcoin has provided as the best experience only and if the government will fully support bitcoin, I would not be surprise if this will happen to be the next
generation of money.

i think it is the need of the time. people are now too much busy and therefore they are finding out the easiest way of shopping and trading etc, therefore i think bitcoin is the best option with them as they can use bitcoin for online purpose as well as in real life also.

[lixer]

Crypto currency The bitcoin is a revolution in the world of money that will turn the world around. Although now it is only gaining momentum, but far-sighted investors can invest in it now and earn money on the exchange rate Bitcoin.

It is really hard to tell whether crypto currency will turn the wolrd around but it is indeed a revolution when we think about the concept of valuation and with time more people would be interested in investing in it and with every investment people will be looking to make profit and so is the case here as more people see bitcoin as an asset as well as electronic cash.

I am sure that soon all currencies will move in a cashless form. Against this background, the bitcoin may be able to find a niche, but I think he will be able to collect for the users is not a stable currency. I wonder if it will survive the third world economies?

I do think it could also happen in the future ad bitcoin will lead all the online currencies. The existence of bitcoin surely awaken the government that it's convenient for the people to use online currency in this busy world, well technology are created to make it easy for us and to save cost.
Bitcoin has provided as the best experience only and if the government will fully support bitcoin, I would not be surprise if this will happen to be the next
generation of money.

i think it is the need of the time. people are now too much busy and therefore they are finding out the easiest way of shopping and trading etc, therefore i think bitcoin is the best option with them as they can use bitcoin for online purpose as well as in real life also.

I think that the current area that we live in is pushing us toward using the internet in every bit of our lives, from buying food to shopping online and even to study, and I think this is what bitcoin is made for, since it is an easy and secure way to make payments online, and I think that we will see bitcoin being used more in the future.

[gandame]

I think no next generation money its the same the money now still the money in the future.  Or maybe you saying that bitcoin is a next generation? It's not gonna be happen money is money bitcoin is bitcoin. Bitcoin is a cryptocurrency that you can cash it.

[harizen]

I think no next generation money its the same the money now still the money in the future.  Or maybe you saying that bitcoin is a next generation? It's not gonna be happen money is money bitcoin is bitcoin. Bitcoin is a cryptocurrency that you can cash it.

Inflation will kill the current system fiat and yes there is a solution for that but people are not tend to always use the usual way of sending and receiving money especially on online world. In that kind of situation, bitcoin is no doubt can be used as a main tool to erase the usual ones.

Why would we have an only single working currency in the future if fiat and bitcoin can collaborate to help people in any other aspects they are using these currencies? As long as there is an advantages using these currencies, this can be used.

[DoublerHunter]

I believe that there is no new money for the next generation because it is still be the fiat who will be the king of that main markets in our world. Bitcoin can't defeat fiat in terms of legality because one of bitcoin's greatest enemy is the government and that is the reason why there is no new next generation money because we will stick on the traditional money which is what we are using right now and it is called fiat.

[Pamadar]

I believe that there is no new money for the next generation because it is still be the fiat who will be the king of that main markets in our world. Bitcoin can't defeat fiat in terms of legality because one of bitcoin's greatest enemy is the government and that is the reason why there is no new next generation money because we will stick on the traditional money which is what we are using right now and it is called fiat.

that's right, the main problem here is the adoption of the government, legal matters that will not allow crypto currency to be legalized since they won't be able to control if in case they will allow crypto  being use  also like a main fiat from their respective country, traditional money will be keep as it is to show power and how economy still control of the leaders.

[X-ray]

Crypto currency The bitcoin is a revolution in the world of money that will turn the world around. Although now it is only gaining momentum, but far-sighted investors can invest in it now and earn money on the exchange rate Bitcoin.

It is really hard to tell whether crypto currency will turn the wolrd around but it is indeed a revolution when we think about the concept of valuation and with time more people would be interested in investing in it and with every investment people will be looking to make profit and so is the case here as more people see bitcoin as an asset as well as electronic cash.

I am sure that soon all currencies will move in a cashless form. Against this background, the bitcoin may be able to find a niche, but I think he will be able to collect for the users is not a stable currency. I wonder if it will survive the third world economies?

I do think it could also happen in the future ad bitcoin will lead all the online currencies. The existence of bitcoin surely awaken the government that it's convenient for the people to use online currency in this busy world, well technology are created to make it easy for us and to save cost.
Bitcoin has provided as the best experience only and if the government will fully support bitcoin, I would not be surprise if this will happen to be the next
generation of money.

i think it is the need of the time. people are now too much busy and therefore they are finding out the easiest way of shopping and trading etc, therefore i think bitcoin is the best option with them as they can use bitcoin for online purpose as well as in real life also.

Bullshit, bitcoin is not friendly for the online shopping right now. Their fees always increase every time and I need a lot of the time just waiting for a confirmation by the block. https://blockchain.info/charts/transaction-fees

[hisuka]

I believe that there is no new money for the next generation because it is still be the fiat who will be the king of that main markets in our world. Bitcoin can't defeat fiat in terms of legality because one of bitcoin's greatest enemy is the government and that is the reason why there is no new next generation money because we will stick on the traditional money which is what we are using right now and it is called fiat.

This is right, I think bitcoin is not the next generation money because I believe our currency is still the use money in the market. The government will not approve that bitcoin is the next generation because there is a need to be legalized and bitcoin is at is as of now as decentralized and its anonymity.

[BlokF4No27]

I believe that there is no new money for the next generation because it is still be the fiat who will be the king of that main markets in our world. Bitcoin can't defeat fiat in terms of legality because one of bitcoin's greatest enemy is the government and that is the reason why there is no new next generation money because we will stick on the traditional money which is what we are using right now and it is called fiat.

This is right, I think bitcoin is not the next generation money because I believe our currency is still the use money in the market. The government will not approve that bitcoin is the next generation because there is a need to be legalized and bitcoin is at is as of now as decentralized and its anonymity.

bitcoin will never as legal currency and i sure the government will rejected bitcoin, the reason is simple, bitcoin is decentralized and can't controlling, this is very dangerous.

[Dimelord]

The total majority of Bitcoin holders think of their favorite toy as the next step in the evolution of money (less so for active users). I don't deny the technological innovation in respect to the blockchain and the decentralized nature of how new money is created through mining. With that said, I still don't think that Bitcoin did actually revolutionize the concept of money itself. Gold as money existed long before fiat, and it was "created" in a decentralized way too, so nothing particularly new here as well...

I have an idea what could be an entirely new form of money (actually, it is not my idea), but first I would like to hear from you, guys (and gals), what you think about the truly new money that is yet to be invented or implemented

Bitcoin invention has revolutionized the economy.It has made people free from banking sectors.It has given earning opportunities to even people of under developed countries where people even struggle to meet their daily needs.Bitcoin is not controlled by any governments and hence it remains as the best example of a decentralized currency.

[Betwrong]

My answer is Yes, it is an entirely new form of money. Unfortunately it is not accepted yet by most places and by most people but it will be with time. The good news is that due to the Internet almost all the people around the world have access to the information which might be helpful for them. Sooner or later they will know how good Bitcoin is and they will accept it, at least to their personal advantage, and then Bitcoin will become money in the full sense of the word.

[GooCust04]

Gold is gold and it will not go anywhere. And bitcoin - the crypto currency of the future, it only grows. Paper money may eventually disappear, and gold and bitcoin will exist.

[BTCevo]

I believe that there is no new money for the next generation because it is still be the fiat who will be the king of that main markets in our world. Bitcoin can't defeat fiat in terms of legality because one of bitcoin's greatest enemy is the government and that is the reason why there is no new next generation money because we will stick on the traditional money which is what we are using right now and it is called fiat.

That is why if government can only get every bitcoin here and take control most of the coin, i believe that bitcoin will be one of the currency that can be used like money too. First thing because of their easiness and everything will be on wallet, everytime you make some transaction, it will be anonymous so there will no one that will keep on tracking your income and outcome

[deisik]

My answer is Yes, it is an entirely new form of money. Unfortunately it is not accepted yet by most places and by most people but it will be with time. The good news is that due to the Internet almost all the people around the world have access to the information which might be helpful for them. Sooner or later they will know how good Bitcoin is and they will accept it, at least to their personal advantage, and then Bitcoin will become money in the full sense of the word

I wouldn't cherish such hopes

At least, not for the foreseeable future. If Bitcoin scalability issues don't get fixed eventually (and there is not much hope that they will), the fact that it is a new form of money won't help Bitcoin much. Ultimately, it all comes down to minute details that make all the difference (e.g. confirmation times and the size of fees). We could remain a marginal currency and drag on like that for long years ahead. Right now, Bitcoin is stuck between the upper and nether millstone, so to speak. On the one hand, it should get updated to enter a new level but, on the other hand, with its price growing there is little incentive for that. In fact, the high prices might soon become Bitcoin's curse

[bravehearth0319]

The total majority of Bitcoin holders think of their favorite toy as the next step in the evolution of money (less so for active users). I don't deny the technological innovation in respect to the blockchain and the decentralized nature of how new money is created. With that said, I still don't think that Bitcoin did actually revolutionize the concept of money itself. Gold as money existed long before fiat, and it was "created" in a decentralized way too, so nothing particularly new here also...

I have an idea what could be an entirely new form of money (actually, it is not my idea), but first I would like to hear from you, guys, what you think about the truly new money that is yet to be invented or implemented

I think that the real money is the ones that are decentralized. Over the years people have been going back and forth between good money(money that is not controlled by government) and fiat currencies.

And bitcoin in my opinion is the next gen good money. Just like gold.

But as of now Bitcoin can hardly be called a truly "good" money since its creation is as centralized as any of fiats. There are a few dozen fiat monies out there, and as many central banks that create money. There is one Bitcoin, and a few dozen mining pools (or just a few, lol) out there as well...

So what's the real difference in this regard?

I really do agreed that the bitcoin mining was being form as centralized and we all knew that bitcoin in all angles are very much better than fiat currency, and bitcoin was unregulated industry unlike money that created by any central banks on which things are centralized.

[birareru1988]

The total majority of Bitcoin holders think of their favorite toy as the next step in the evolution of money (less so for active users). I don't deny the technological innovation in respect to the blockchain and the decentralized nature of how new money is created. With that said, I still don't think that Bitcoin did actually revolutionize the concept of money itself. Gold as money existed long before fiat, and it was "created" in a decentralized way too, so nothing particularly new here also...

I have an idea what could be an entirely new form of money (actually, it is not my idea), but first I would like to hear from you, guys, what you think about the truly new money that is yet to be invented or implemented

I think that the real money is the ones that are decentralized. Over the years people have been going back and forth between good money(money that is not controlled by government) and fiat currencies.

And bitcoin in my opinion is the next gen good money. Just like gold.

But as of now Bitcoin can hardly be called a truly "good" money since its creation is as centralized as any of fiats. There are a few dozen fiat monies out there, and as many central banks that create money. There is one Bitcoin, and a few dozen mining pools (or just a few, lol) out there as well...

So what's the real difference in this regard?

I really do agreed that the bitcoin mining was being form as centralized and we all knew that bitcoin in all angles are very much better than fiat currency, and bitcoin was unregulated industry unlike money that created by any central banks on which things are centralized.

This bitcoin differs from the rest of the currency. And because of this he has such a value and popularity. It is a revolution in the world of currency. But the government does not agree with this.

[cjmoles]

Bitcoin and the blockchain technologies are the next generation of money.  Maybe not in its current form, but a variation of the technology will be the next generation of money.  There is no doubt in my mind that currency is undergoing a revolution due to the versatility of the blockchain; consequently, I don't think that our economic systems will resemble the systems which we have become accustom to using.  Things are opening up to a greater cross section of participants and they're being innovated upon very quickly.  Bitcoin opened up Pandora's box!

[Winchester2211]

I am sure that future money will be in electronic form. The state is necessarily under any pretext, wants to control all cash flows. View reduces every year the amount of cash payments.