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Question: Did Bitcoin revolutionize the concept of money?
Yes, it is an entirely new form of money - 82 (78.1%)
No, there's nothing new conceptually - 23 (21.9%)
Total Voters: 105

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Author Topic: Next generation money  (Read 15995 times)
virasog
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March 24, 2017, 05:42:55 AM
 #321

It possible for bitcoin to be the money of the future but knowing how technological advancement pile up in just a few years, it's possible that people could come up with something better eventually.

I don't know the inner workings of the cryptocurrency but I find the idea that it is in what we call blockchain to be innovative compared to what we currently use know. (Though it strike me as somewhat similar to the idea of the Rai stones). I'm not sure with limited amount of coins available. I understand that this means we wouldn't see anything similar to the governments currency manipulation but this could also mean greater price fluctuation. But then again, I'm no economist, maybe the price would become very stable once all coins have been mined out.

Bitcoin can improve itself, and for sure people will not let other money be on top of bitcoin  Smiley And even the transactions we have in bitcoin for sure will be improve which most of people here complaint about. The possibility of bitcoin to be real money is far but the chance to be is high.

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March 24, 2017, 06:45:36 AM
 #322

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.



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[15.00000000 BTC]


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betlord90
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March 24, 2017, 08:37:06 AM
 #323

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.
hubballi
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March 24, 2017, 08:48:35 AM
 #324

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.

It is too far but not impossible, their are some more feature i all implemented then it can be possible, right now Bitcoin is the main currency for gambling and adult industry but now after it gets nod from government then we can see lot of shops accepting it which will be good for bitcoin

whizter
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March 24, 2017, 07:42:52 PM
 #325

It possible for bitcoin to be the money of the future but knowing how technological advancement pile up in just a few years, it's possible that people could come up with something better eventually.

I don't know the inner workings of the cryptocurrency but I find the idea that it is in what we call blockchain to be innovative compared to what we currently use know. (Though it strike me as somewhat similar to the idea of the Rai stones). I'm not sure with limited amount of coins available. I understand that this means we wouldn't see anything similar to the governments currency manipulation but this could also mean greater price fluctuation. But then again, I'm no economist, maybe the price would become very stable once all coins have been mined out.

Bitcoin can improve itself, and for sure people will not let other money be on top of bitcoin  Smiley And even the transactions we have in bitcoin for sure will be improve which most of people here complaint about. The possibility of bitcoin to be real money is far but the chance to be is high.
yes there is no doubt about this that bitcoin is improving, because the number of bitcoin users are continuously increase and people are now becoming more and more mature about bitcoin.

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March 25, 2017, 07:29:50 AM
 #326

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.

It is far from reality but there's a chance for it. But as of now everything seems to be dropping just like what happened to bitcoin way back years ago. And if people are going to engage with this currency for sure many are going to suggest that all stores should adopt bitcoin instead because this is good for covering your identities.



BIG WINNER!
[15.00000000 BTC]


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Rainbot
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March 25, 2017, 07:38:05 AM
 #327

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.

It is far from reality but there's a chance for it. But as of now everything seems to be dropping just like what happened to bitcoin way back years ago. And if people are going to engage with this currency for sure many are going to suggest that all stores should adopt bitcoin instead because this is good for covering your identities

Which years ago are you talking about?

Bitcoin flash crashed down to 750 dollars per coin just a little over 2 months ago. Right now it is still trading above 900 dollars, and it seems that we are not going to fall substantially below that. Anyway, however low the price might go this time, it will most likely turn out beneficial for Bitcoin in the long run since there will be a good push toward changing things in Bitcoin. These changes are due and long overdue, but while prices had been consistently rising, no one seemed to care and nothing had been done to mend the issues which Bitcoin gathered during the last years
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March 25, 2017, 07:53:15 AM
 #328

You were right somehow i can't really say that bitcoin or crypto currency is the future of money. Things here are still on the experimental stage yet.  However good thing about it is that it is growing and evolving
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March 25, 2017, 08:45:43 AM
 #329

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.

It is far from reality but there's a chance for it. But as of now everything seems to be dropping just like what happened to bitcoin way back years ago. And if people are going to engage with this currency for sure many are going to suggest that all stores should adopt bitcoin instead because this is good for covering your identities

Which years ago are you talking about?

Bitcoin flash crashed down to 750 dollars per coin just a little over 2 months ago. Right now it is still trading above 900 dollars, and it seems that we are not going to fall substantially below that. Anyway, however low the price might go this time, it will most likely turn out beneficial for Bitcoin in the long run since there will be a good push toward changing things in Bitcoin. These changes are due and long overdue, but while prices had been consistently rising, no one seemed to care and nothing had been done to mend the issues which Bitcoin gathered during the last years

I'm talking about the bull run that happened that a few years ago base on the charts. Thanks for your opinion that bitcoin isn't going to substantially below that. I'm expecting that the price is going to become lower than $800 or even hit $700 but much better if the price is going to pump after this disaster because of different issues.



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[15.00000000 BTC]


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March 25, 2017, 09:04:44 AM
Last edit: March 25, 2017, 10:13:40 AM by deisik
 #330

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.

It is far from reality but there's a chance for it. But as of now everything seems to be dropping just like what happened to bitcoin way back years ago. And if people are going to engage with this currency for sure many are going to suggest that all stores should adopt bitcoin instead because this is good for covering your identities

Which years ago are you talking about?

Bitcoin flash crashed down to 750 dollars per coin just a little over 2 months ago. Right now it is still trading above 900 dollars, and it seems that we are not going to fall substantially below that. Anyway, however low the price might go this time, it will most likely turn out beneficial for Bitcoin in the long run since there will be a good push toward changing things in Bitcoin. These changes are due and long overdue, but while prices had been consistently rising, no one seemed to care and nothing had been done to mend the issues which Bitcoin gathered during the last years

I'm talking about the bull run that happened that a few years ago base on the charts. Thanks for your opinion that bitcoin isn't going to substantially below that. I'm expecting that the price is going to become lower than $800 or even hit $700 but much better if the price is going to pump after this disaster because of different issues

What bull run do you refer to specifically?

If you refer to the Mt. Gox affair in November-December 2013 and early 2014, this was obviously not a bull run. This was a severe market manipulation primarily because all trading back then had been going at just one exchange. Basically, the price quotations were fake there which has nothing to do with free market due to the lack of such in those days. This is no longer the case today, so things can't possibly develop along the same path. But that doesn't of course mean that prices might not fall down dramatically. You seem to be fear ridden right now, right?
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March 25, 2017, 09:44:21 AM
 #331

You were right somehow i can't really say that bitcoin or crypto currency is the future of money. Things here are still on the experimental stage yet.  However good thing about it is that it is growing and evolving
Yeah with assurance we cannot say that bitcoin or other cryptocurrencies were the future of money. The current growth shows a positive sign of cryptocurrencies to rule the financial system. Already based on the same technology of cryptocurrencies countries have started to implement financial services.

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March 25, 2017, 01:04:27 PM
 #332

japan is really working on making bitcoins a valid currency . Things are pretty much going good for bitcoins. if they succeed , there is a possibility that this currency will rule and surely will replace currencies like dollar. People will convert there savings to bitcoins and will believe that this is where they will get benefit and can earn a lot without doing any struggle. We really hope to see the bright future of bitcoins and we will feel proud to be part of the moment when the future was being made.
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March 25, 2017, 01:54:20 PM
 #333

It possible for bitcoin to be the money of the future but knowing how technological advancement pile up in just a few years, it's possible that people could come up with something better eventually.

I don't know the inner workings of the cryptocurrency but I find the idea that it is in what we call blockchain to be innovative compared to what we currently use know. (Though it strike me as somewhat similar to the idea of the Rai stones). I'm not sure with limited amount of coins available. I understand that this means we wouldn't see anything similar to the governments currency manipulation but this could also mean greater price fluctuation. But then again, I'm no economist, maybe the price would become very stable once all coins have been mined out.

Bitcoin can improve itself, and for sure people will not let other money be on top of bitcoin  Smiley And even the transactions we have in bitcoin for sure will be improve which most of people here complaint about. The possibility of bitcoin to be real money is far but the chance to be is high.

I would like to believe that bitcoin will be the next generation money but the problems that bitcoin is facing right now is making it hard for bitcoin to realize such ideas. As of this time it is easy to imagine DASH and Ethereum to be the next generation than bitcoin. If the bitcoin miners will not unite the probable resort will be people leaving bitcoin behind and when that time comes bitcoin will probably die.
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March 25, 2017, 02:25:05 PM
Last edit: March 25, 2017, 03:22:12 PM by Kevin77
 #334

It possible for bitcoin to be the money of the future but knowing how technological advancement pile up in just a few years, it's possible that people could come up with something better eventually.

I don't know the inner workings of the cryptocurrency but I find the idea that it is in what we call blockchain to be innovative compared to what we currently use know. (Though it strike me as somewhat similar to the idea of the Rai stones). I'm not sure with limited amount of coins available. I understand that this means we wouldn't see anything similar to the governments currency manipulation but this could also mean greater price fluctuation. But then again, I'm no economist, maybe the price would become very stable once all coins have been mined out.

Bitcoin can improve itself, and for sure people will not let other money be on top of bitcoin  Smiley And even the transactions we have in bitcoin for sure will be improve which most of people here complaint about. The possibility of bitcoin to be real money is far but the chance to be is high.
yes there is no doubt about this that bitcoin is improving, because the number of bitcoin users are continuously increase and people are now becoming more and more mature about bitcoin.
I think that a lot of people are currently concerned about the current situation of the bitcoin and how much fees are going up and the transactions being slow and taking a lot of time to confirm, but I think that the increased number of people using bitcoin is actually helping fees go down, and it is also helping by increasing the security and the safeness of the bitcoin core.

I would like to believe that bitcoin will be the next generation money but the problems that bitcoin is facing right now is making it hard for bitcoin to realize such ideas.
We are the real pillars of bitcoin ecosystem and our belief will not go down as per what bitcoin has done in the past. Hopefully bitcoin will adopt the changes to solve the scalability issues and will stay strong for sure.
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March 25, 2017, 07:00:06 PM
 #335

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.

It is too far but not impossible, their are some more feature i all implemented then it can be possible, right now Bitcoin is the main currency for gambling and adult industry but now after it gets nod from government then we can see lot of shops accepting it which will be good for bitcoin
yes that is right to say, i think anything is possible in this world. and i think now the new generation trend is changing toward currency, they are now using online currency and i think that bitcoin is the best choice for them to use.
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March 25, 2017, 08:13:51 PM
 #336

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.

It is far from reality but there's a chance for it. But as of now everything seems to be dropping just like what happened to bitcoin way back years ago. And if people are going to engage with this currency for sure many are going to suggest that all stores should adopt bitcoin instead because this is good for covering your identities.


See, the price drop happend no one is defending that. but if you just from past 2 years btc price has constantly high for long time. that itself a good sign that btc is booming like anything. it is spreading because it is decentralized and we can use this money for our personal use without showing the identity. right now the situation is not good as the price has fallen down. hoping again it gets back to the normal. 
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March 25, 2017, 09:09:30 PM
 #337

You were right somehow i can't really say that bitcoin or crypto currency is the future of money. Things here are still on the experimental stage yet.  However good thing about it is that it is growing and evolving
Yeah with assurance we cannot say that bitcoin or other cryptocurrencies were the future of money. The current growth shows a positive sign of cryptocurrencies to rule the financial system. Already based on the same technology of cryptocurrencies countries have started to implement financial services.

And with a lot of things to resolve that is being debated right now, it's hard to assume that bitcoin will be the generation money or all of this crypto currencies. I'm thinking that a government or mainly the US gov't will simply copy the idea of bitcoin or the blockchain technology introduced by it which is going to be useful for them.

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March 26, 2017, 01:45:21 PM
 #338

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.

It is far from reality but there's a chance for it. But as of now everything seems to be dropping just like what happened to bitcoin way back years ago. And if people are going to engage with this currency for sure many are going to suggest that all stores should adopt bitcoin instead because this is good for covering your identities

Which years ago are you talking about?

Bitcoin flash crashed down to 750 dollars per coin just a little over 2 months ago. Right now it is still trading above 900 dollars, and it seems that we are not going to fall substantially below that. Anyway, however low the price might go this time, it will most likely turn out beneficial for Bitcoin in the long run since there will be a good push toward changing things in Bitcoin. These changes are due and long overdue, but while prices had been consistently rising, no one seemed to care and nothing had been done to mend the issues which Bitcoin gathered during the last years

I'm talking about the bull run that happened that a few years ago base on the charts. Thanks for your opinion that bitcoin isn't going to substantially below that. I'm expecting that the price is going to become lower than $800 or even hit $700 but much better if the price is going to pump after this disaster because of different issues

What bull run do you refer to specifically?

If you refer to the Mt. Gox affair in November-December 2013 and early 2014, this was obviously not a bull run. This was a severe market manipulation primarily because all trading back then had been going at just one exchange. Basically, the price quotations were fake there which has nothing to do with free market due to the lack of such in those days. This is no longer the case today, so things can't possibly develop along the same path. But that doesn't of course mean that prices might not fall down dramatically. You seem to be fear ridden right now, right?

Upon checking the charts probably I treated that incident as a bull run, though if you say so that it isn't well it's good and thanks for it. Yeah man, actually I'm having a fear right now though I don't have choice but to keep on trusting and holding what I've got and will just apply the belief that bitcoin is going to be the next generation of investments and digital currency.



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March 26, 2017, 03:28:51 PM
 #339

You were right somehow i can't really say that bitcoin or crypto currency is the future of money. Things here are still on the experimental stage yet.  However good thing about it is that it is growing and evolving
Yeah with assurance we cannot say that bitcoin or other cryptocurrencies were the future of money. The current growth shows a positive sign of cryptocurrencies to rule the financial system. Already based on the same technology of cryptocurrencies countries have started to implement financial services.

And with a lot of things to resolve that is being debated right now, it's hard to assume that bitcoin will be the generation money or all of this crypto currencies. I'm thinking that a government or mainly the US gov't will simply copy the idea of bitcoin or the blockchain technology introduced by it which is going to be useful for them

There is no way it could be possible

At least, not in the foreseeable future with these governments sticking around. They will never share their power with anyone since the fundamental principle of power asserts that power is not given, it is taken. Regarding current debates and fear they instill and arouse, I guess you may want to read the history of fiat and how it all started. In other words, what we see today is normal, Rome wasn't built in a day, and any software project started small first. Microsoft bootstrapped itself with a crappy Basic interpreter which couldn't even compile a primitive Hello-world program. Linux started by being a simple command terminal
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March 26, 2017, 09:03:31 PM
 #340

You were right somehow i can't really say that bitcoin or crypto currency is the future of money. Things here are still on the experimental stage yet.  However good thing about it is that it is growing and evolving
as the users of bitcoin are increasing from time to time and is there we can expected that nature   price of bitcoin will increase more and more from time to time. 
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