Is Bitcoin Really The Future Of Money?

[lfc_san]

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

if we look at the trend, now has a lot of media that preach about bitcoin, many transactions that use bitcoin, many people who know bitcoin even believe to invest their money to bitcoin. This can make bitcoin to be a future of money but only for online.

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[Sand King]

Well I sure hope it becomes the future of money hehe

I dont sure that bitcoin is really the future of money, i think paper or real money is still the future, and i am sure that paper money is we will not be erase in this world, and paper or real money is all people know so it we will always be the future.

[jonosutio]

bitcoin is the future for me and whether someone likes it or not. sooner or later they will be like me who has a lot of paper money. New technology is ongoing from the old and hence is in the financial world. now his development is very good and can not be stopped by anyone, crypto is his name.

[Isaak Brenner]

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.

[mmhaimhai]

Future of money?It might be hard to achieve as long as not everyone can afford a stable internet connection and rich education because btc transaction even quite simple in first glance, the truth is there is a complex process involved and for those people who dont know even how to read how would they adapt a full btc-based financial transaction?

[James Newman]

Yes no doubt the future.
Amazing concept and blockchain frame work.
Hell yes it the future. For INR conversion atleast it's a blessing
Prediction of bitcoin price in future:
Experts in BlockChain / Bitcoin technology say that Bitcoin price will hit as follows-

$10,000 USD (above ₹6,50,000) by the end of 2018,

$3,00,000, (above ₹2,00,00,000) by the end of 2020.

[lunaalthea]

No. Bitcoin is not the future of money, but it is the pioneer technology where cryptocurrency was born. Cryptocurrency as a whole is the future of money. As we all know bitcoin failed in the aspect of functioning as a digital money in exchange for goods and services but instead became more like an asset or investment. That is why I can say it is not the future money.

[kuntet99]

it's possible, because bitcoins can be exchanged for currencies around the world and that's where we get huge profits.

[conected]

All I could say is that bitcoin holds the potential to be the future of currencies or at the very least could be a stepping stone to the development of a much better cryptocurrency. Because after all, it is still too early to claim whether bitcoin would thrive or bitcoin would fall, When you put into account that bitcoin itself has a high volatility rate that adds up to the uncertainty.

Exactly, there are many things that need to be consider in order for us to say that bitcoin was really the future of money. Maybe in some aspect it is, especially when it comes to transfering money from one place to another it was really quick to transfer money compare to other. But when it comes to value of bitcoin it was volatile so how can we say that bitcoin was the future of money when it dump?

It's really the future of the money but this is not valid at the moment. We need to wait for more time to see this happens. It's gonna be a promising innovation in digital currecies.

- In some respects, bitcoin is the future of money when it is opening the way for a digital currency era, the technology of bitcoin is useful for countries in developing their own digital currency. That is the future that I want to talk about, and talking about bitcoin, it's still just a place to invest, an online asset, it will never be used as currency in the future, governments of countries will never accept bitcoin as a common currency, the influence of bitcoin is beyond their control, they can not let the bitcoin operate freely, that's too dangerous

[almuchtara12]

Bitcoin very clearly accelerates the way and the way forward to digitize money. today many central banks around the world see with the advancement of blockbain technology is very interesting, with the bitcoin to eject electronic money in the near future. BITCOIN's move on decentralized money is even more important and gives hope for a universal appeal to be heard by someone in the world who embraces it.

[hoang kim cong]

bitcoin chính là tương lai của tiền
hiện tại tôi đã có lợi nhuận từ nó
và tôi tự tin giá sẽ gia tăng về vốn hóa và đồng thời lợi nhuận của tôi

[Crash21]

Bitcoin existing since 2009 and people still don't know how to use bitcoin and even how it's works. So bitcoin will be the future money for a long time be ready.

[Meggie]

That future might be coming, but it’s slower to arrive than most enthusiasts think. Even a year later, if I tried to live only on Bitcoin for more than a week, I’d either be very hungry or very bored with my meal options. And that’s really the central issue with Bitcoin: Unless it becomes even easier for consumers and vendors to use, it could still become the Apple Newton of money—an incredible technology that flops.

[rony01941]

Yes, of course, Bitcoin has the meaning of futures. Because bitcoin's price will decrease somewhat, but in the future, it will become big. It will be possible to earn a lot of money in the future by investing in betake. Because everyone thinks that in 2015, Bitcoin will cross 50 thousand dollars. So I would say, Bitcoin must have bigger meaning in the future.

[siddu67]

Yes bitcoin is really the future of money.Bitcoin is a crypto currency that has earned a huge popularity during a short term than any other thing.First time when bitcoin was invented people do not show as much as interest they do now.So I think it will become more popular in next days and the future of money.

[sunita01]

Really since the trend of investor's digital currency has increased, the importance of bitcoin is increasing and the future of bitcoin is rising, the bitcoin will be the real currency of the future.

[weston4mills]

People will label it how they want without doing research. These are the people that usually believe all the fake news about bitcoin. I think it is a great project for the future. Let's give it some credit

[BumbleBeast27]

I think the blockchain technology is the future of transactions since it is virtually impossible to hack and with lightning fast accuracy.

[Virman01]

it can be justified, just look at the development of the increasingly sophisticated era can not be denied that bitcoin is legitimate money in the future.

[hardhouseinc]

Bitcoin has great potential to become the most powerful in the money technology.  It is now the strongest coin, I think it could replace cash and also gold soon