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Author Topic: Is Bitcoin Really The Future Of Money?  (Read 68735 times)
Sithara007
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March 21, 2018, 07:05:39 AM
 #2161

If every nation adopts cashless system, bitcoin will surely be the currency of the future days. The reason is that no other digital currency has got acceptance and popularity similar to bitcoin though lots of digital currencies have got existed.

There are so many choices out there. So why do you think that Bitcoin will be preferred by the governments as the cashless currency? Taking in to account the fact that it is a decentralized currency which can't be manipulated by the central banks, the chances that it will get the approval of the authorities is minimal.

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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March 21, 2018, 07:06:27 AM
 #2162

I'm quite unsure as to how bitcoin would play the part of the hero at the end of the day for the whole world as the future of money since we, as a community, are always divided on rational talks and crucial discussions, take into account the blocksize debate and whatnot
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March 21, 2018, 07:09:49 AM
 #2163

Cryptocurrencies including Bitcoin is the future whether someone likes it or not. I am sure sooner or later they will become the equivalent of paper money. New technology takes over the old and that in the financial world. The development of cryptocurrency can not be stopped again.
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March 21, 2018, 07:09:53 AM
 #2164

Perhaps in the near future, bitcoin will become the future of money. We could say bye bye to fiat money and move over to digital currency. It is a big change in the way we do business.
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March 21, 2018, 07:11:50 AM
 #2165

BTC is the future, but this will only be realized if the government and other institutions embrace it and stop fighting it, this way, with proper regulations in place, BTC can turn into one of the best innovations ever made.

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March 21, 2018, 07:22:06 AM
 #2166

When Satoshi Nakamoto created a currency, he designed bitcoin deficit imitating gold. Total of 21 million bitcoins can be created. And as a reward for the unit will be reduced to 0.78 BTC will lead to an even greater tendency to accumulate. First of all, because the more coins are stored, the greater must be their purchasing power - a classic deflationary model.
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March 21, 2018, 07:25:36 AM
 #2167

I can say bitcoin bring new innovation in the current money system.  Banks are considering to adopt bitcoin technology, thus other are planning to setup crypt banks.  But Bitcoin being the currency of the whole world is simply impossible.  Every nation may have an interest to bitcoin and its technology but am sure it will adopt the technology and create its own crypto currency than their finance systembeing ruled by decentralized currency.  So i think bitcoin will have affect the future of money but it is not the future of money.
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March 21, 2018, 07:27:26 AM
 #2168

It all depends on the level of public confidence in bitcoin around the world, so bitcoin is made a promising future, although competition among other Crypto currencies is increasingly visible
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March 21, 2018, 07:28:19 AM
 #2169

Bitcoin is the future of money and most of the transaction which are fast required they will use this currency and the crypto currency is very good for them to be in the world because it gives many features to them and for us bitcoin is the most influential currency, if we look at the business point of view then it is also good for he business people they can buy things and sell things through virtual meeting and the funds can be send through bitcoin currency.

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March 21, 2018, 07:30:53 AM
 #2170

Now, where i am here i can see that bitcoin will be a future currency, Because, now bitcoin has been spend only 7 to 8 years, but still it is best, and main thing is that people trust on it and it give a new way of earning, and also it introduce many other crypto currencies and because of bitcoin, many people play the gambling on online. So i can say that definitely bitcoin has a great future.     
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March 21, 2018, 07:34:32 AM
 #2171

phiatic money slowly flowing into the crypt
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March 21, 2018, 07:37:32 AM
 #2172

Bitcoin is not the future of money, bitcoin is money. There are a lot of currencies in the world, as we have a lot of currencies on the internet, but only few currencies stand out, and that is what happen with bitcoin.
I don't know if bitcoin will be the future of currencies, but I knows it's the present, and a lot of people are making real money with bitcoins, so let's continue, go go go.
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March 21, 2018, 07:38:23 AM
 #2173

make that 90 times now after this recent dip. But eventually yes, bitcoin will be considered a global store of value one day. The question is when
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March 21, 2018, 07:38:59 AM
 #2174

Bitcoin is the future of money and most of the transaction which are fast required they will use this currency and the crypto currency is very good for them to be in the world because it gives many features to them and for us bitcoin is the most influential currency, if we look at the business point of view then it is also good for he business people they can buy things and sell things through virtual meeting and the funds can be send through bitcoin currency.
yeah but behind that's all, there are many other considerations of the characteristics of bitcoin itself, we have seen many advantages of bitcoin.. but most governments of each country, still in the stage of the process of acceptance or rejection. If it continues to have a positive or more beneficial effect, maybe bitcoin will indeed succeed to become the future currency/the future of money that's very feasible to be used by the community.
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March 21, 2018, 07:39:03 AM
 #2175

I think that it is future form of payment, which will be very spread.
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March 21, 2018, 07:39:59 AM
 #2176

It's still depend on a monetary authorities of every country because they're the one who study and implement any new currenciy. If the government allowed bitcoin to become a legal tender then its future will be promising. Then it will be followed by the mass adoption of bitcoin into mainstream, this mass adoption will lead in the creation of so called cashless society where the bitcoin is the leading currency in use.

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March 21, 2018, 07:41:49 AM
 #2177

I don't know if the bitcoin will be the future of the money, because technology is always in advance. 20 years ago no one could predict the eventual emergency of the current altcoin economy, so I think in 20 years undoubtedly will arise more advanced technologies that might eventually put aside these current altcoins. But I think the Bitcoin will remain very valuable for at least another ten years.
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March 21, 2018, 07:45:34 AM
 #2178

in my opinion, bitcoin can be sember currency.karna bitcoin.di country russia and other more advanced with bitcoin.semoga in each country have bank assets bitcoin.biar us society easier to transaction
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March 21, 2018, 07:47:51 AM
 #2179

Bitcoin is really future of money and this is the advantage  that you can transfer your money worldwide.. also we are on technology generation so bitcoin is more adoption and more advance payment for online payment without any hassle.. unlike other payment processor online..
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March 21, 2018, 07:52:08 AM
 #2180

I think it just always as alternative currency online or locally if the adoption will be the same as brazil that has 150 store or more are accepting bitcoins locally.. but future money it can not be use as main currency because government dont accept it because fiat is already controlled by them
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