The Future of Money?

[Wind_FURY]

What cryptocurrency and blockchain technology has shown is that it would be now possible to "mint" your own private money and put that in circulation. Of course no single individual would be successful without the help of a community around it to help support it and make it grow the user base. POW based coins are a good example of what the future of money could look like. It's secure, it's peer to peer and there's no centralized power that controls it. It's a historical breakthrough.

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[Oilacris]

Paper money will be gone for many countries until 2020 probably. Everyone will prefer paying and receiving money on their wrists instead of having to take money out of their pocket etc.. It sounds easier, way easier but here we've got a lot of risks like hackers that we'll see EVERYWHERE around us trying to steal.

ITs  still impossible for  cash  to disappear on that said year and  im sure  cash would still remain  even  further  more because  no matter  how those  cryptos or  digital currencies would  fly on upcoming years but still its not  possible   to make cash  would  disappear so easily. Fiat does  play  big role  on economic activity all over the  world. We could  not really stop  the world  on evolving  regarding  on  technology  aspects  and we would really  love to see cashless world  but still   fiat would  remain and also government would  not  let  this things to  happen.

[@prashant]

It is sure that future money will be digitalizedone but there is no assurity that blockchain concept will be used unless everyone is literate enough to understand just a hint of what they are handling.

[cjmoles]

That seems to be the direction that's being pursued behind closed doors (R3CEV); however, the social and political changes that drive the adoption of bitcoin and similar technologies will be lost if controlled by a group of elites.  A value that is inherent in the blockchain technologies that I believe is being underestimated is the value associated with their networking possibilities themselves.  Our currencies are changing in such a way that their utility is far more relevant than merely a tool used as means of exchange or a device to store wealth....The monetizing of information propagation thru micro-payments and peer to peer networking is enormously important in a world which is controlled by an elitist group....Think about it.

[Maxsumi]

Gold unlike crypto-currencies can't go down in price to zero in the worst case it is just a valuable technical metal will remain...separate gold is not difficult, if you know how to do it and also have the necessary expensive equipment. In practice, however, this process is not available to the common man. At the same time, anyone can divide a bitcoin into pieces up to eight decimal digits each. If necessary, the division could go on and on. Moreover, this operation is capable of any computer system. Such things happen automatically during each transaction. In addition, you can create any amount of free wallets to store your money in small fractions of bitcoins. There may be hundreds or thousands — there are no restrictions.

Yes it is true that gold is always a very important technical metal because of it being  better conductor on most of metals available in this planet.  It is also proven a symbol of greatness and wellness in life.  Gold will never be obsolete and will never goes down to worthlessness.

I think that allot of peopel here think that th ebitcoin is going to overrule the money but i dont think this is going to work becuase lots of people will let the bitcoin down off course because money is everything we need.

[goldcoinminer]

It is sure that future money will be digitalizedone but there is no assurity that blockchain concept will be used unless everyone is literate enough to understand just a hint of what they are handling.

No way blockchain will be use, we are talking here of the entire human race, there's a big question on who will represent for bitcoin and how the government will ensure that system of bitcoin to comply with the laws of the state, I think that is not possible.

[springgers]

Actually they can pre-mine the coin and well, if they are creating a coin, for sure they will make things like put your name on the wallet and track all your transactions, don't matter how the future will be, for sure the government will regule your life and you will have to pay taxes.

[iv4n]

Actually they can pre-mine the coin and well, if they are creating a coin, for sure they will make things like put your name on the wallet and track all your transactions, don't matter how the future will be, for sure the government will regule your life and you will have to pay taxes.

Exactly! Just I don't think we should just stand and watch that happen. That`s why bitcoin is here, to give us one more choice. Future is very unpredictable and there will be surprises, at least now we have opportunity to support bitcoin as decentralized network, and we can also hope that people of the world will recognize what is good and what is bad.
MMF coin is not so far away from the truth, but will people start to use it? I presume we will be forced to do it by our governments if they create some coin like this one.

[arseaboy]

It's not possible for the cash to be ruled out.. because each countries have it's own value when it comes to their currency. Yes I agree also which country will handle bitcoins soon there will be a lot of discussions and arguments once government intervene with bitcoins.

[Mastsetad]

Actually they can pre-mine the coin and well, if they are creating a coin, for sure they will make things like put your name on the wallet and track all your transactions, don't matter how the future will be, for sure the government will regule your life and you will have to pay taxes.

Exactly, no government would accept a currency as their own if they have no access on it at all, if bitcoin is legalized it would probably be an alternative currency but the main currency of a country always be the ones that is in control of government.

[gabmen]

Actually they can pre-mine the coin and well, if they are creating a coin, for sure they will make things like put your name on the wallet and track all your transactions, don't matter how the future will be, for sure the government will regule your life and you will have to pay taxes.

Exactly, no government would accept a currency as their own if they have no access on it at all, if bitcoin is legalized it would probably be an alternative currency but the main currency of a country always be the ones that is in control of government.

Yeah it's going to be regulated and controlled by goverments if ever it becomes mainstream and bitcoin may have a lot of changes by then. But i think fiat would still be the one in control of the market. I think it hold is too firm on people that some may have a hard time moving to an alternative

[Bitmate]

Actually they can pre-mine the coin and well, if they are creating a coin, for sure they will make things like put your name on the wallet and track all your transactions, don't matter how the future will be, for sure the government will regule your life and you will have to pay taxes.

Exactly, no government would accept a currency as their own if they have no access on it at all, if bitcoin is legalized it would probably be an alternative currency but the main currency of a country always be the ones that is in control of government.

Yeah it's going to be regulated and controlled by goverments if ever it becomes mainstream and bitcoin may have a lot of changes by then. But i think fiat would still be the one in control of the market. I think it hold is too firm on people that some may have a hard time moving to an alternative

I think the governments will not regulate the bitcoin itself. They will only regulate the ownership of the bitcoin.

[varyspro]

Actually they can pre-mine the coin and well, if they are creating a coin, for sure they will make things like put your name on the wallet and track all your transactions, don't matter how the future will be, for sure the government will regule your life and you will have to pay taxes.

Exactly, no government would accept a currency as their own if they have no access on it at all, if bitcoin is legalized it would probably be an alternative currency but the main currency of a country always be the ones that is in control of government.

Yeah it's going to be regulated and controlled by goverments if ever it becomes mainstream and bitcoin may have a lot of changes by then. But i think fiat would still be the one in control of the market. I think it hold is too firm on people that some may have a hard time moving to an alternative

The government is dangerous for Bitcoins. After all, he has the power to prevent cryptocurrency general. But hopefully chtv our country, it will never happen

[Shady]

Money will likely keep all current forms, despite how popular one is over another.

Although new ideas on how to make transactions evolve, every prior one still kicks it.

There's no point in removing any types because money is already in circulation with no stopping point... That's the hard part, the next goal is to put diverse amounts so none become underdeveloped.

[cjmoles]

Imagine this: a blockchain where the transaction hash included content; for example, transactions that included a song, a video, a book...etc  When content is bought it is included in the ledger, so now those who owned the transaction could sell that content that they bought and get their investment back....That seems to be the direction things are going....currency that is multi-functional, decentralized, transparent, and recorded on immalleable ledgers.

[Yakamoto]

Actually they can pre-mine the coin and well, if they are creating a coin, for sure they will make things like put your name on the wallet and track all your transactions, don't matter how the future will be, for sure the government will regule your life and you will have to pay taxes.

Exactly, no government would accept a currency as their own if they have no access on it at all, if bitcoin is legalized it would probably be an alternative currency but the main currency of a country always be the ones that is in control of government.

Yeah it's going to be regulated and controlled by goverments if ever it becomes mainstream and bitcoin may have a lot of changes by then. But i think fiat would still be the one in control of the market. I think it hold is too firm on people that some may have a hard time moving to an alternative

I think the governments will not regulate the bitcoin itself. They will only regulate the ownership of the bitcoin.

Well they will have the control for regulation if they are going to look for Satoshi and ask him to make the control to turn over to the government. But I don't think this is not going to happen as the bitcoin has already an automatic system where basing on the supply and demand of the bitcoin. They will just make bitcoin as 2nd currency.

They would want Satohsi not for his ability to turn over control, but for his ability to convince enough people to turn over control voluntarily, making it look less and less like a police-state action and more like a "legitimate venture/request".While this would be met with a fair amount of backlash, a government having Satoshi under their thumb would be a pretty big plus in the event Bitcoin ever became something noticeable.

[Hatuferu]

Actually they can pre-mine the coin and well, if they are creating a coin, for sure they will make things like put your name on the wallet and track all your transactions, don't matter how the future will be, for sure the government will regule your life and you will have to pay taxes.

Exactly, no government would accept a currency as their own if they have no access on it at all, if bitcoin is legalized it would probably be an alternative currency but the main currency of a country always be the ones that is in control of government.

Yeah it's going to be regulated and controlled by goverments if ever it becomes mainstream and bitcoin may have a lot of changes by then. But i think fiat would still be the one in control of the market. I think it hold is too firm on people that some may have a hard time moving to an alternative

I think the governments will not regulate the bitcoin itself. They will only regulate the ownership of the bitcoin.

Well they will have the control for regulation if they are going to look for Satoshi and ask him to make the control to turn over to the government. But I don't think this is not going to happen as the bitcoin has already an automatic system where basing on the supply and demand of the bitcoin. They will just make bitcoin as 2nd currency.

They would want Satohsi not for his ability to turn over control, but for his ability to convince enough people to turn over control voluntarily, making it look less and less like a police-state action and more like a "legitimate venture/request".While this would be met with a fair amount of backlash, a government having Satoshi under their thumb would be a pretty big plus in the event Bitcoin ever became something noticeable.

I would not want to compromise the original system of bitcoin, and I think we do not need the government to succeed because as you can see we are improving now as a community an as for the economy of bitcoin as a whole. When you merge it with the government, the government will not allow us to control them but the opposite way, and we do not like that since our freedom will be gone.

[saiha]

Actually they can pre-mine the coin and well, if they are creating a coin, for sure they will make things like put your name on the wallet and track all your transactions, don't matter how the future will be, for sure the government will regule your life and you will have to pay taxes.

Exactly, no government would accept a currency as their own if they have no access on it at all, if bitcoin is legalized it would probably be an alternative currency but the main currency of a country always be the ones that is in control of government.

Yeah it's going to be regulated and controlled by goverments if ever it becomes mainstream and bitcoin may have a lot of changes by then. But i think fiat would still be the one in control of the market. I think it hold is too firm on people that some may have a hard time moving to an alternative

I think the governments will not regulate the bitcoin itself. They will only regulate the ownership of the bitcoin.

It won't as of now because they don't know what it is. They will just going to be able to believe with gold and other fiat money rather than with cryptos.

And Bill Gates is going to contribute on the future money as he believes that it will be with cashless society.

I think he is considering bitcoin with it or not a digitized dollar.

[BobK71]

What cryptocurrency and blockchain technology has shown is that it would be now possible to "mint" your own private money and put that in circulation. Of course no single individual would be successful without the help of a community around it to help support it and make it grow the user base. POW based coins are a good example of what the future of money could look like. It's secure, it's peer to peer and there's no centralized power that controls it. It's a historical breakthrough.

Yes, and combine that with the power of government -- the result is pretty powerfully in favor of ImfCoin.

That has been my main point.

[Mastsetad]

Money will likely keep all current forms, despite how popular one is over another.

Although new ideas on how to make transactions evolve, every prior one still kicks it.

There's no point in removing any types because money is already in circulation with no stopping point... That's the hard part, the next goal is to put diverse amounts so none become underdeveloped.

Maybe the system of paper money would change in future because of the advancement in technology but as you said the currencies would probably stay the same in future as well i guess, just the methods of usages may change accordingly to the new era.