Is Bitcoin Really The Future Of Money?

[joshua05]

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

We can't be sure about that but there may be possibilities, bitcoin has already taken the feeds of banking today! Still, it doesn't stand the effect of the natural money.

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[bncbnc]

Bitcoin is successful even without the support of the government, we don't need them. They will just use and take over the opportunities of BTC, there is possibility to lessen the features what we are enjoying now.

Government support is too much important, We have a very good example of Japan who made bitcoin as regular currency in their country and their people are now free to use bitcoin for anything they want, and that can be the reason that bitcoin users are more active there to use bitcoin not only for online shopping but are using bitcoin even in their local shops, which we cannot expect from such countries where bitcoin is not consider as legal currency.

[Granslam]

I can say that bitcoin at the very least, has the potential to change the custom and nature of money alike. It could be the future's replacement to money itself, a stepping stone to developing a better equivalent, or a headstart towards the bright future of digital currencies. what we should do by now is maintain our faith and patronization in the world of cryptocurrencies to ensure a bright future for us bitcoin users.

[VBCryp@]

I think it is very difficult to replace money with bitcoin because there are some governments that do not accept bitcoin. But if bitcoin can replace the money, it is useful for everyone, and people are free to use bitcoin for anything they want, like using online shopping, or even using bitcoin to pay. in local stores.

[Souldream]

I'm sure BTC will be used as the main currency for all payments in the future. Anyway, many people want the main use of BTC. Many users feel satisfied to use BTC as a way to transfer and store value.

I believe also that bitcoin will become our future money worldwide, as a mood of payments not only through online shops but I hope so that it would also be available as a mood of payment in grocery stores, restaurants and many more. I'll always looking forward that bitcoin can maintain its dominance in the world of digital currency.

[chikading2016]

It might be, bitcoin is the future money or what we called the replacement of money. Their is no impossible in bitcoin. If bitcoin change many people life it also change or to be a future money and will be a great scenario to every body.

[dicom]

With a simple analytical framework, cryptocurrency, if it is to become a future currency, should, at a minimum, have at least all the functions of the existing currency: means of payment, liquidity, value yardsticks, value storage and more. On this basis, the weaknesses of the existing currencies can be further improved or other more functions provided to serve the future of the human economy. In other words, it is impossible to be competent for the future currency if it is not functionally equivalent or even inferior to the existing one. However, we can easily find out from the detailed analysis that most of the existing encrypted digital currencies represented by bitcoin and blockchain technologies still face challenges on some old issues.

[orangeferrari3]

Bitcoin will probably not replace fiat currency completely because it requires a unified model and to achieve that everyone must be on the same page. The Internet is still not available in a lot of areas of the world. It also depends on the government as to what they choose to do. If they are comfortable with using blockchain tech then bitcoin will be the first one to boom. The government, currently, has the highest authority. And a lot of people take the government seriously. So, they are responsible for the last couple of people who are yet to join the band.

[mellar1084]

I hope Cryptocurrencies including Bitcoin are the future whether someone like it or not. Sooner or later they will become equal to fiat money. New technologies are taking place of old ones and so it's in the world of finances. The development of cryptocurrencies can't be stoped anymore.I believe also that bitcoin will become our future money worldwide, as a mood of payments not only through online shops but I hope so that it would also be available as a mood of payment in grocery stores, restaurants and many more. I'll always looking forward that bitcoin can maintain its dominance in the world of digital currency.

[rontme]

From the means of payment means this point of view. If you want to popularize the existing encrypted currency as a payment tool into the daily trading scene, replacing the existing monetary system, there are still many technical challenges.

[malourdesesmores07]

Yes. I really agree to that. Bitcoin can really be a future money someday because in some country they're using bitcoin as a mood of payment. There's a big possibility of that.

[mininghubby]

I think it's true bitcoin will be the currency of the future and will replace the paper money but it will happen because there are still many countries that do not let the bitcoin.

I don't think it is the future of money i think it is just a way of payment system. Although Its true that bitcoin price is really amazing amd many has started to use bitcoin because of its price. But it doesnt mean that bitcoin is our future currency, There is a possibility of banning of bitcoin in every state that can cause the fading of bitcoin.

[futuristic18]

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. Surely the Bitcoin is the future of Money. It is evident in this rapidly growing economy that technology will be at par and most of the countries will opt for digital currency instead of physical one's. In this scenario, crypto market will be the choice of all investors and Bitcoin will become the king.

[Morabic]

While Bitcoin is very big right now and it is being used in hundreds of thousands transactions worldwide, i can't see it really being the future of money, mainly due to the fact that a lot of countries or rather their governments aren't really comfortable with the idea of BTC, and there's a possibility it will get shut down by some major countries and drop highly in value.

[pinoyden]

I think it's true bitcoin will be the currency of the future and will replace the paper money but it will happen because there are still many countries that do not let the bitcoin.

I don't think it is the future of money i think it is just a way of payment system. Although Its true that bitcoin price is really amazing amd many has started to use bitcoin because of its price. But it doesnt mean that bitcoin is our future currency, There is a possibility of banning of bitcoin in every state that can cause the fading of bitcoin.

i agree, bitcoin is just a mere payment method online just like paypal , payoneer or payza and it doesnt have what it takes to be called such as future of money because bitcoin still lacks of capabalities such as it cant fully work offline without the need of internet. overall theres no such thing as future of money rather i believe  that it is possible to have the future of payment system using the blockchain technology.

[spinno]

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 think that's true. Bitcoin has captured market opportunities so well. The increasing trend of internet users worldwide becomes a strategic moment of Bitcoin's presence. Especially with the development of the potential of global e-commerce business that encourages the global community to conduct cross-country trade transactions.
In the era of global commerce, the public needs an easier, faster, safer, transparent, efficient, and most reliable base exchange. They believe bitcoin technology is capable of replacing banking technology systems that require resources, cost enormous, time-consuming and vulnerable correction of human error in recording all world financial transactions. Bitcoin is seen as more practical and fitting as an alternative option as a currency.

[Nana99]

I always thought we would be in a cashless society but didn't see anything like bitcoin in the future, but know i'm convinced that Btc is our future

[Wipeout2097]

Bitcoin already accepted by people and realized that it is best way to do safe transactions,its popularity increasing day by day investors ratio also increasing.If this trend to be continued it will be future money which will be free from transaction hurdles.

[DunnDy]

In my opinion, Bitcoin is the future of money. Let's take into account that civilization goes with the times, and people are taking part in the rat race to make our lives even more comfortable and continue to modernize what we can and as everyone knows, money, purchases, transactions, transfers and investments, in other words economy in general, rules the world and Bitcoin gave them the whole new level. Bitcoin, above all, empowers us so much that we can become an independent economic unit and we don't need any banks or loan banks.

[DevilSlayer]

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

For me, bitcoin is really our future money. There are now many people who using bitcoin as their daily payment. Like in my country, we can pay our utilities expense by using bitcoins. I think cashless society will happen in the near future.