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Author Topic: Is Bitcoin Really The Future Of Money?  (Read 67927 times)
The_Dark_Knight
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January 17, 2017, 01:05:59 AM
 #601

Majority of the bitcoin community believing that it is the future of money. In my side of opinion I think it can yes or it can be no, why did I said  that? Yes, because there many users of bitcoin nowadays are enjoying so much worldwide even investing it too. No, because if one day all bitcoin users will be gone the high value will get down rapidly until it become no value at all.
If no one used or accepted bitcoin then bitcoin will be worthless but we are very far from that point when bitcoin was just an experiment and people were sending coins just to see if ii worked, now bitcoin and its user base is a lot more robust and will have a bright future.
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January 17, 2017, 02:10:50 AM
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I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.

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January 17, 2017, 03:34:41 AM
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I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.

The right time will come, let's be patient and wait for it. The development is continuing but if you are in a hurry, there is always a solution on your needs. Just fund a debit card with your bitcoin and you can swipe on your local stores, however there's a little fee associated with it.

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January 19, 2017, 01:39:48 AM
 #604

I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.

The right time will come, let's be patient and wait for it. The development is continuing but if you are in a hurry, there is always a solution on your needs. Just fund a debit card with your bitcoin and you can swipe on your local stores, however there's a little fee associated with it.
Hopefully that right time will be happening so soon,I just have to earned more in order for me to have my debit card,its not yet enough,still it is debit card using bitcoin still not acceptable in my country.If mass adoption will continue and the demand kept on rising then i can see that it will be the future of money.

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January 19, 2017, 11:31:24 AM
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We are very little in percentage compared to the number of people using fiat. But its been increasing day to day, also the acceptance in certain countries were growing very high. One such is japan which has got around 4200 shops that accept bitcoin. This confirms that bitcoin has got the possibility to be used as future money.

Bitcoin as a future money,yes there is a big possibility and as of now,it is the leading cryptocurrency. BUt there are also may crypto which is fast in joining the ranks of bitcoin and some are even very promising.This competition will bring the best in each cryptos to address issues like speed etc.
Those cryptocurrencies which you said promising but until now only proven can't even take over bitcoin place as the first cryptocurrencies and the most popular among other, even Ethereum's market cap is still less than 20% of Bitcoin's market cap. Didn't really sure that one of those cryptocurrencies is going to lead the cryptocurrency world in the near future
bitcoin itself struggling to become the future of money recently.
how can any other altcoin have better chance more than bitcoin as future of money? i don't think it is reasonable to say that.
a lot of things must be done , such as a mass adoption to make bitcoin completely used as money to just investment.
If the price is your main basis then I would say you are not making a relevant judgement, I believe you have been here in the crypto world for a while and as long time bitcoin enthusiast we have seen this price fall back many times. It's normal to bitcoin and what will make it to be the future of money is when people will be adopting this and fiat will lose it's popularity where I doubt it will happen.

Comparing bitcoin against altcoins, you can tell who's better and dominant, it's pretty obvious always as it's widely accepted compared to altcoins.
i guess you are misconstrue on my opinion above.
i am not saying bitcoin aren't a future of money , i just comparing bitcoin to altcoins.
when bitcoin still having a lot of trouble to become the future of money there is no other crypto can compete tightly with bitcoin (this is my respond on clickerz opinion) hope it clarify everything Wink.
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January 19, 2017, 12:52:05 PM
 #606

I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.

The right time will come, let's be patient and wait for it. The development is continuing but if you are in a hurry, there is always a solution on your needs. Just fund a debit card with your bitcoin and you can swipe on your local stores, however there's a little fee associated with it.
Hopefully that right time will be happening so soon,I just have to earned more in order for me to have my debit card,its not yet enough,still it is debit card using bitcoin still not acceptable in my country.If mass adoption will continue and the demand kept on rising then i can see that it will be the future of money.
As with everything in life, time brings a change and with Bitcoin, we should also remain hopeful that someday, we will turn that corner. Bitcoin is more or less a dark horse and no one gave it half a chance to get all these attention and commitments. Now things might have to move even slower, because of varied interests, but at the end of the day, the consensus is that Bitcoin is a clear example of what and how  we want money to be.

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January 19, 2017, 05:31:26 PM
 #607

I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.


Will day will surely come when we will not need to pay with cash for anything we buy, nor we will need credit cards for doing all that maybe, because the world is getting digital so will the payment systems of the world. We are just not sure if bitcoin will be counted in that too or not at that time.


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January 20, 2017, 08:37:01 AM
 #608

Bitcoin is the future of money , but i wont completely replace the paper currency (USD).
But we can still say that bitcoin is the best crypto currency in the world. That itself is a great achievement.
It is actually tough to tell that it will be the future of money. I agree that 1 BTC will once be equal to $ 10000
as said in some show or an interview , but still i wont replace USD.
Well but Bitcoin has a bright future , thats why people have invested a lot in this.

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January 20, 2017, 09:01:47 AM
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I believe it was because it has the power to revolutionize the world I mean It enables people all over the world to receive or send money money without needing to pay big amount of transaction fee and also nowadays you can even buy anything with bitcoin with just your smart phone you can book a flight or hotel , buy gadgets  , load your network using bitcoin !  I believe that as many users use bitcoin and become much more popular every merchants may accept it as a  payment system.
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January 20, 2017, 09:12:26 AM
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I believe it was because it has the power to revolutionize the world I mean It enables people all over the world to receive or send money money without needing to pay big amount of transaction fee and also nowadays you can even buy anything with bitcoin with just your smart phone you can book a flight or hotel , buy gadgets  , load your network using bitcoin !  I believe that as many users use bitcoin and become much more popular every merchants may accept it as a  payment system.
yes, it's possible. revolution happen very quickly, and it could lead to displacement of the currency of a country devolve into bitcoin. in my opinion, the current bitcoin is not used to the maximum, because, there are still very many people are using it for something that is not useful. maybe in a few years, bitcoin already can be controlled and used for things that are more useful for many people, one of them by making it into the money in the future.

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January 20, 2017, 10:11:15 AM
 #611

I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.

The right time will come, let's be patient and wait for it. The development is continuing but if you are in a hurry, there is always a solution on your needs. Just fund a debit card with your bitcoin and you can swipe on your local stores, however there's a little fee associated with it.

That's what we are doing right now, in order to spend bitcoins we have to convert it to fiat currency (at least in my country) as there is not much awareness about bitcoin. The real potential is to transfer bitcoin from my wallet to the wallet of the shop. However, in my country lot's of things such as milk and bread are available at the price of bitcoin transaction fees so why would one use bitcoin in that case? I don't have an answer.

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January 20, 2017, 10:13:32 AM
 #612

Bitcoin has become the future the moment it was invented and introduced. As a part of cryptocurrency world that is total inovation in the field of finances. The world is heading towards cashless system and new virtual payment methods so Bitcoin will have very important part in this "brave new world". And it already has.
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January 20, 2017, 10:13:59 AM
 #613

I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.

The right time will come, let's be patient and wait for it. The development is continuing but if you are in a hurry, there is always a solution on your needs. Just fund a debit card with your bitcoin and you can swipe on your local stores, however there's a little fee associated with it.
Hopefully that right time will be happening so soon,I just have to earned more in order for me to have my debit card,its not yet enough,still it is debit card using bitcoin still not acceptable in my country.If mass adoption will continue and the demand kept on rising then i can see that it will be the future of money.
Actually there is a stores and some coffee shops accept bitcoin already here around my place , but it's still based on person to person , i mean there is no sign in the store that they are accepting bitcoin , but if you want to pay with bitcoin just tell them. Once a lot of real world store accept bitcoin openly , the future of money are near.

Fredomago
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January 20, 2017, 10:15:58 AM
 #614

I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.

The right time will come, let's be patient and wait for it. The development is continuing but if you are in a hurry, there is always a solution on your needs. Just fund a debit card with your bitcoin and you can swipe on your local stores, however there's a little fee associated with it.

That's what we are doing right now, in order to spend bitcoins we have to convert it to fiat currency (at least in my country) as there is not much awareness about bitcoin. The real potential is to transfer bitcoin from my wallet to the wallet of the shop. However, in my country lot's of things such as milk and bread are available at the price of bitcoin transaction fees so why would one use bitcoin in that case? I don't have an answer.
Theres already some adoptions with bitcoin i guess  we will be able to see more establishments that will allow bitcoin for payment here in our country we can  use it to pay our bills such as electric, water,phone, and other government fees just by using the local exchange to process the service.

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January 20, 2017, 10:23:51 AM
 #615

I believe it was because it has the power to revolutionize the world I mean It enables people all over the world to receive or send money money without needing to pay big amount of transaction fee and also nowadays you can even buy anything with bitcoin with just your smart phone you can book a flight or hotel , buy gadgets  , load your network using bitcoin !  I believe that as many users use bitcoin and become much more popular every merchants may accept it as a  payment system.

Bitcoin lends itself perfectly for that purpose, but banks and governments aren't sitting still without doing anything. It's also in their own benefit to get their own version of the blockchain developed, where they have all benefits of a regular blockchain, but where they remain in control over every aspect. It will be a centralized incentive. But if enough banks, businesses, governments, etc, choose to implement it correctly, then they can even challange Bitcoin as they can basically offer free and instant transactions. Bitcoiners won't be much sensitive to that, but the average joe is. They add value to it as unlike Bitcoin that doesn't have a central authority to take care of everything, their version will give them that safe feeling as the government sits on top of everything. But as it stands right now, it's pure speculation...

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January 20, 2017, 01:29:04 PM
 #616

Yes, bitcoin is really the currency you will come to. After 10 years, everyone will use bitcoini extensively. We can shop with bitcoin cards in the future. The important thing is how much we invested in bitcoin.
webtricks
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January 20, 2017, 01:35:17 PM
 #617

If someone believes in Globalisation then he should certainly believe in Bitcoin as future of currency!
Bitcoin has integrated the economies throughout the world by abolishing restriction on non-visible trade over borders.
If someone believe that legalizing or recognition of Bitcoin by Governments is its success then sorry, Bitcoin is free bird and meant to fly high!
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January 20, 2017, 01:46:33 PM
 #618

If someone believes in Globalisation then he should certainly believe in Bitcoin as future of currency!
Bitcoin has integrated the economies throughout the world by abolishing restriction on non-visible trade over borders.
If someone believe that legalizing or recognition of Bitcoin by Governments is its success then sorry, Bitcoin is free bird and meant to fly high!
I believe in globalization and bitcoin is the perfect system to use, however, I don't have much trust of our government system. Even if they look like they will protect us but in reality there are things that we do not know that they are doing which is against our rights. Privacy is very important to us as that means freedom and only bitcoin can give us but they are against of it, they have to hold us in the neck.

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webtricks
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January 20, 2017, 01:51:57 PM
 #619

If someone believes in Globalisation then he should certainly believe in Bitcoin as future of currency!
Bitcoin has integrated the economies throughout the world by abolishing restriction on non-visible trade over borders.
If someone believe that legalizing or recognition of Bitcoin by Governments is its success then sorry, Bitcoin is free bird and meant to fly high!
I believe in globalization and bitcoin is the perfect system to use, however, I don't have much trust of our government system. Even if they look like they will protect us but in reality there are things that we do not know that they are doing which is against our rights. Privacy is very important to us as that means freedom and only bitcoin can give us but they are against of it, they have to hold us in the neck.
Yes. Bitcoin is an open challenge to Government system. However, I am not completely against Governments' general ideology but their overcautious behaviour sometimes restrict development based on fundamental ideas. But still, Bitcoin has able to confront all challenges and comes up as champ!
PacePay
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January 20, 2017, 02:09:29 PM
 #620

I look forward to the day where i can swipe to pay for goods at my local store with the bitcoin wallet in my phone.

The right time will come, let's be patient and wait for it. The development is continuing but if you are in a hurry, there is always a solution on your needs. Just fund a debit card with your bitcoin and you can swipe on your local stores, however there's a little fee associated with it.
That is right with the concept of bitcoin debit cards but still a number of people who are impatience have problem to have a bitcoin debit card because their countries are not allowed to have a credit card for them so they are denied to have one. Only a few countries are benefited with bitcoin debit card.
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