Is Bitcoin Really The Future Of Money?

[KennyR]

I think it all depends on the mindset of the people. if they thought appropriate, and quickly follow the development of technology, of course it would make bitcoin be money for the future. I am sure, if bitcoin in the response by the government, it is also important that will make bitcoin become the currency of the future.

The problem with the developers are people is that everyone want their own currency to be the competitor so they do not focus on bitcoin but try to work on different places for different currencies to get some money and that is making the process of success of crypto currency slower. If they all will focus on bitcoin then very sooner bitcoin will replace the remaining currencies.

I think the issue is not developer not wanting to focus on bitcoin, but bitcoin code technology is not as good as the rest of the virtual currencies and any significant improvements to bitcoin take ages to implement due to need a majority of the miners to agree. There is quite a health developer ecosystem built around ETH for example and a clear development roadmap that can be executed

Honestly for bitcoin to be the future of money does not only rely on miners or developers.
People will have to learn the bitcoin technology and it needs not to be seen to be under any countries control to avoid any future conflicts of interest. And our mindsets of bitcoins having the sole purpose of trading needs to change,to avoid the volatility issues... if we ever want it to go mainstream!

To be the future of money, technology is the much concerned one than the miners. Developers are the most important to make it grow further. These days the competitors in the digital currency network has increased a lot, so how developers make use of the opportunity leads it go mainstream. Possibly bitcoin serves as an alternate than mainstream.

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[pinkpanther03]

Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this rhetoric, it’s not all that difficult to compare the rise of bitcoin to that of another technology: the World Wide Web. http://blockgeeks.com/questions/what-is-your-future-predictions-of-bitcoin/#comment-604

This has been several times that has been discussed in different section of the forum thread. But whatever they gave respond on this topic those side of comments of the member here all of it are just speculation for now or some of others prediction are close to it.

[MWesterweele]

Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this rhetoric, it’s not all that difficult to compare the rise of bitcoin to that of another technology: the World Wide Web. http://blockgeeks.com/questions/what-is-your-future-predictions-of-bitcoin/#comment-604

yes it is, it has been popular in many years and been used by many people. it maybe the future money because were in the computer age era, as long as we have devices and internet connection we can earn it.

[dearbesz1219]

Yes, there is a future for bitcoin, as I can see how the people embraced the features of bitcoin the demand of it was getting massive in different places of the countries all over the world and even different categories of the business and biggest company is also adopting it too.

[mastermold]

Yes and No, and let me explain both:

No. Bitcoin’s circulation is not large enough to power an entire country let alone the world. It can become a de facto standard of moving wealth/value, but will remain so as a fatherless/motherless currency (at best).

Bitcoin has its fair share of problem (confirmation takes too much time, the 51% forking issue remains, number of transactions per second is limited, block size issues, etc.)

It will most likely not die. It will definitely become an important currency to allow cross-border trade amongst various facets of business society, from free-lancers getting paid, to cross-border remittance rails.

However, it will not be the final straw or the final currency that we will see.

Yes. Bitcoin opened avenues on how peer-to-peer value exchange can be done (using the blockchain).

But all these are problems Bitcoin Version 2.0 could solve and be adopted. Who knows the next variant of LiteCoin or Dash or Ethereum’s Ethers could be exactly what we are looking at. The concept of Bitcoin gets my Yes vote for the future of money. Governments will realize the power (and benefits) of digital money - some already are, but cash and other paper instruments still remain. At some point in time governments might just issue their own version of the bitcoin enabling transactions without the need of intermediaries.

[anavuajna]

Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this rhetoric, it’s not all that difficult to compare the rise of bitcoin to that of another technology: the World Wide Web. http://blockgeeks.com/questions/what-is-your-future-predictions-of-bitcoin/#comment-604

yes it is, it has been popular in many years and been used by many people. it maybe the future money because were in the computer age era, as long as we have devices and internet connection we can earn it.

Perhaps I agree with you. Bitcoin is a coin of a new era and has a great future and potential. But do not forget that the government can prohibit it and make it illegal

[stripykitteh]

Bitcoin won't be the end of money because most people that want to purchase stuff at a discount online notice that there is large discounts within the retail stores when they use Bitcoin or another form of Digital Payment.

Digital payments are really good to use if you want to pay for something in this current generation and feel unique about it.


So, I don't think Bitcoin will be a 100% game-changer, I think that people will try to use the payment system within another currency platform.

[dmamigo]

Yes, there is a future for bitcoin, as I can see how the people embraced the features of bitcoin the demand of it was getting massive in different places of the countries all over the world and even different categories of the business and biggest company is also adopting it too.

There is future of Bitcoin for sure, but future of money is quite doubtful. People are transacting with BTC but I noticed that many users are liking it as investment. Due to high fees and uncertain duration for a transaction to complete, it is loosing some faith. Big companies are accepting BTC but unless small businessman and all the consumers are accepting it to pay with BTC, future of it as money or a currency is getting narrow.

[deisik]

Yes and No, and let me explain both:

No. Bitcoin’s circulation is not large enough to power an entire country let alone the world. It can become a de facto standard of moving wealth/value, but will remain so as a fatherless/motherless currency (at best).

Bitcoin has its fair share of problem (confirmation takes too much time, the 51% forking issue remains, number of transactions per second is limited, block size issues, etc.)

It will most likely not die. It will definitely become an important currency to allow cross-border trade amongst various facets of business society, from free-lancers getting paid, to cross-border remittance rails.

However, it will not be the final straw or the final currency that we will see.

Yes. Bitcoin opened avenues on how peer-to-peer value exchange can be done (using the blockchain).

But all these are problems Bitcoin Version 2.0 could solve and be adopted. Who knows the next variant of LiteCoin or Dash or Ethereum’s Ethers could be exactly what we are looking at. The concept of Bitcoin gets my Yes vote for the future of money. Governments will realize the power (and benefits) of digital money - some already are, but cash and other paper instruments still remain. At some point in time governments might just issue their own version of the bitcoin enabling transactions without the need of intermediaries

I disagree on the point of Bitcoin not being large enough to power an entire country (economy)

It may be not scalable enough to power an entire country (though even that is debatable), but in terms of size (since that's your point and don't try to sidestep it), it is already quite on par with half the world. I refer not to the actual half of the world as such, of course, but to countries which this world consists of. Someone has already posted a list of countries with the size of their economies (more specifically, amount of money in circulation, in dollar terms) and Bitcoin would be somewhere in the middle of this list given its current market cap. Therefore, if it weren't for scalability issues, Bitcoin could easily power on a mid-sized country like Greece or Bulgaria

[bitbob82]

Yes, there is a future for bitcoin, as I can see how the people embraced the features of bitcoin the demand of it was getting massive in different places of the countries all over the world and even different categories of the business and biggest company is also adopting it too.

There is future of Bitcoin for sure, but future of money is quite doubtful. People are transacting with BTC but I noticed that many users are liking it as investment. Due to high fees and uncertain duration for a transaction to complete, it is loosing some faith. Big companies are accepting BTC but unless small businessman and all the consumers are accepting it to pay with BTC, future of it as money or a currency is getting narrow.

yes that is right to say that bitcoin is the future of money,  as it is expected that all the people of the world will be using bitcoin, because the new generation are now giving more preference to online shopping and trading therefore we can hope that in future bitcoin will the new generation currency.

[iqlimasyadiqa]

Yes, there is a future for bitcoin, as I can see how the people embraced the features of bitcoin the demand of it was getting massive in different places of the countries all over the world and even different categories of the business and biggest company is also adopting it too.

There is future of Bitcoin for sure, but future of money is quite doubtful. People are transacting with BTC but I noticed that many users are liking it as investment. Due to high fees and uncertain duration for a transaction to complete, it is loosing some faith. Big companies are accepting BTC but unless small businessman and all the consumers are accepting it to pay with BTC, future of it as money or a currency is getting narrow.

I agree with you . bitcoin is currently more widely used as an investment, but bitcoin initial goal is to replace the function of real money. This should be corrected, so that in the future bitcoin still have a strong existence in the world financial markets.

[bitllionaire]

Yes, there is a future for bitcoin, as I can see how the people embraced the features of bitcoin the demand of it was getting massive in different places of the countries all over the world and even different categories of the business and biggest company is also adopting it too.

There is future of Bitcoin for sure, but future of money is quite doubtful. People are transacting with BTC but I noticed that many users are liking it as investment. Due to high fees and uncertain duration for a transaction to complete, it is loosing some faith. Big companies are accepting BTC but unless small businessman and all the consumers are accepting it to pay with BTC, future of it as money or a currency is getting narrow.

I agree with you . bitcoin is currently more widely used as an investment, but bitcoin initial goal is to replace the function of real money. This should be corrected, so that in the future bitcoin still have a strong existence in the world financial markets.

but to me i think bitcoin initial goal is to use it as online currency. and we can see that most of the people are using bitcoin for for online purposes. while in some are where the users of bitcoin are more in number there they have the facilities to use bitcoin in their offline shops, and as soon as the bitcoin users are increasing the availability of bitcoin in local shops is also increasing.

[Farma]

Yes, there is a future for bitcoin, as I can see how the people embraced the features of bitcoin the demand of it was getting massive in different places of the countries all over the world and even different categories of the business and biggest company is also adopting it too.

There is future of Bitcoin for sure, but future of money is quite doubtful. People are transacting with BTC but I noticed that many users are liking it as investment. Due to high fees and uncertain duration for a transaction to complete, it is loosing some faith. Big companies are accepting BTC but unless small businessman and all the consumers are accepting it to pay with BTC, future of it as money or a currency is getting narrow.

I agree with you . bitcoin is currently more widely used as an investment, but bitcoin initial goal is to replace the function of real money. This should be corrected, so that in the future bitcoin still have a strong existence in the world financial markets.

but to me i think bitcoin initial goal is to use it as online currency. and we can see that most of the people are using bitcoin for for online purposes. while in some are where the users of bitcoin are more in number there they have the facilities to use bitcoin in their offline shops, and as soon as the bitcoin users are increasing the availability of bitcoin in local shops is also increasing.

Well, most of it using bitcoin bitcoin user's online interests. but, mostly it was just for business, or expand the number of bitcoin they have. this time, probably about 30% of users use bitcoin bitcoin that they have for the purposes of online shopping, because most users bitcoin bitcoin redeem it before using it for shopping.

[DrVaribo]

Yes, there is a future for bitcoin, as I can see how the people embraced the features of bitcoin the demand of it was getting massive in different places of the countries all over the world and even different categories of the business and biggest company is also adopting it too.

There is future of Bitcoin for sure, but future of money is quite doubtful. People are transacting with BTC but I noticed that many users are liking it as investment. Due to high fees and uncertain duration for a transaction to complete, it is loosing some faith. Big companies are accepting BTC but unless small businessman and all the consumers are accepting it to pay with BTC, future of it as money or a currency is getting narrow.

I agree with you . bitcoin is currently more widely used as an investment, but bitcoin initial goal is to replace the function of real money. This should be corrected, so that in the future bitcoin still have a strong existence in the world financial markets.

but to me i think bitcoin initial goal is to use it as online currency. and we can see that most of the people are using bitcoin for for online purposes. while in some are where the users of bitcoin are more in number there they have the facilities to use bitcoin in their offline shops, and as soon as the bitcoin users are increasing the availability of bitcoin in local shops is also increasing.

Tell me what percentage of all visitors to the local store uses bitcoin? 0.01 or 0.00001%? Will grandmothers or grandfathers, as well as children, use bitcoin when buying milk or other products? What knowledge do they need and where do they get them? It's hard to answer. Therefore, I would not dream of vague hopes. Bitcoin is the currency for a narrow range of users.

[Blitzboy]

Yes, there is a future for bitcoin, as I can see how the people embraced the features of bitcoin the demand of it was getting massive in different places of the countries all over the world and even different categories of the business and biggest company is also adopting it too.

There is future of Bitcoin for sure, but future of money is quite doubtful. People are transacting with BTC but I noticed that many users are liking it as investment. Due to high fees and uncertain duration for a transaction to complete, it is loosing some faith. Big companies are accepting BTC but unless small businessman and all the consumers are accepting it to pay with BTC, future of it as money or a currency is getting narrow.

I agree with you . bitcoin is currently more widely used as an investment, but bitcoin initial goal is to replace the function of real money. This should be corrected, so that in the future bitcoin still have a strong existence in the world financial markets.

but to me i think bitcoin initial goal is to use it as online currency. and we can see that most of the people are using bitcoin for for online purposes. while in some are where the users of bitcoin are more in number there they have the facilities to use bitcoin in their offline shops, and as soon as the bitcoin users are increasing the availability of bitcoin in local shops is also increasing.

Tell me what percentage of all visitors to the local store uses bitcoin? 0.01 or 0.00001%? Will grandmothers or grandfathers, as well as children, use bitcoin when buying milk or other products? What knowledge do they need and where do they get them? It's hard to answer. Therefore, I would not dream of vague hopes. Bitcoin is the currency for a narrow range of users.

Time will show us whether Bitcoin can become popular and be used by many people or not. As you can see, the number of bitcoin users increase every year and it is certain that most of them enjoy this type of currency. Bitcoin is one of the new technologies and we have to admit that people can not easily understand and accept. They need more time to learn and to practice using bitcoin more ofter. If that happens, Bitcoin will be used as the main currency of the Earth and store will choose Bitcoin as a payment method

[cokkapaga]

Time will show us whether Bitcoin can become popular and be used by many people or not. As you can see, the number of bitcoin users increase every year and it is certain that most of them enjoy this type of currency. Bitcoin is one of the new technologies and we have to admit that people can not easily understand and accept. They need more time to learn and to practice using bitcoin more ofter. If that happens, Bitcoin will be used as the main currency of the Earth and store will choose Bitcoin as a payment method

I am sure bitcoin will be a huge of payment method in the world.
yes, you are right. bitcoin user always increase every year. we can see that, many of people to using bitcoin for the payment.

[BitHodler]

As you can see, the number of bitcoin users increase every year and it is certain that most of them enjoy this type of currency. Bitcoin is one of the new technologies and we have to admit that people can not easily understand and accept. They need more time to learn and to practice using bitcoin more ofter. If that happens, Bitcoin will be used as the main currency of the Earth and store will choose Bitcoin as a payment method

I would like to find out how you come to the conclusion that the number of users is increasing. What do you use as reference for this? Increased price? Increased number of transactions?

Other than that, Bitcoin will never become the main currency of the world. It's nothing more than a wild fantasy that plays in people's minds. It will never reach further than that.

We have to accept that Bitcoin is nothing more than an alternative multifunctional tool. It shapes itself to your needs. That's the beauty of Bitcoin.

If you want to use it as currency tool, you can. If you want to use it as store of value, you can. If you want to use it as remittance tool, you can. Everything is possible.

[transabox]

Time will show us whether Bitcoin can become popular and be used by many people or not. As you can see, the number of bitcoin users increase every year and it is certain that most of them enjoy this type of currency. Bitcoin is one of the new technologies and we have to admit that people can not easily understand and accept. They need more time to learn and to practice using bitcoin more ofter. If that happens, Bitcoin will be used as the main currency of the Earth and store will choose Bitcoin as a payment method

I am sure bitcoin will be a huge of payment method in the world.
yes, you are right. bitcoin user always increase every year. we can see that, many of people to using bitcoin for the payment.

Those who have once tried to use Bitcoin understand that it has many advantages over national currencies. Therefore, I am sure that with each year users of bitcoin will become more

[bitllionaire]

Yes, there is a future for bitcoin, as I can see how the people embraced the features of bitcoin the demand of it was getting massive in different places of the countries all over the world and even different categories of the business and biggest company is also adopting it too.

There is future of Bitcoin for sure, but future of money is quite doubtful. People are transacting with BTC but I noticed that many users are liking it as investment. Due to high fees and uncertain duration for a transaction to complete, it is loosing some faith. Big companies are accepting BTC but unless small businessman and all the consumers are accepting it to pay with BTC, future of it as money or a currency is getting narrow.

I agree with you . bitcoin is currently more widely used as an investment, but bitcoin initial goal is to replace the function of real money. This should be corrected, so that in the future bitcoin still have a strong existence in the world financial markets.

i also think so that bitcoin is the future of all the currencies, because in modern countries people have already changed their payment method mostly to bitcoin and hope that even in developing countries where the facilities of internet and computers are available there they are also changing their interest into bitcoin and hope very soon they will also use bitcoin for most of their life activities instead of fiat currencies.

[Silberman]

Time will show us whether Bitcoin can become popular and be used by many people or not. As you can see, the number of bitcoin users increase every year and it is certain that most of them enjoy this type of currency. Bitcoin is one of the new technologies and we have to admit that people can not easily understand and accept. They need more time to learn and to practice using bitcoin more ofter. If that happens, Bitcoin will be used as the main currency of the Earth and store will choose Bitcoin as a payment method

I am sure bitcoin will be a huge of payment method in the world.
yes, you are right. bitcoin user always increase every year. we can see that, many of people to using bitcoin for the payment.

Those who have once tried to use Bitcoin understand that it has many advantages over national currencies. Therefore, I am sure that with each year users of bitcoin will become more

This is true but bitcoin also has some issues, probably the biggest at the moment is the huge rise in fees that has happen in the last months and how slow the network seems to be working.