The Future of Bitcoin Is Not as a Digital Currency

[unknown04]

Circle unveiled itself at a bitcoin conference in 2014, vowing to take the digital currency mainstream. But like so many other startups that embraced this big idea at around the same time, its mission has changed.

In January, I met Circle CEO Jeremy Allaire for coffee in San Francisco. Even then, he was careful to paint his company not as a bitcoin operation but as an outfit that would help people easily trade good old-fashioned dollars with friends and family via a new smartphone app. And now, as it announced yesterday, Circle will no longer allow customers to buy and sell bitcoin. "READ MORE FROM LINK BELOW"

News Source: https://www.wired.com/2016/12/future-bitcoin-not-digital-currency/

What do you guys think ? I certainly think bitcoin will become the digital currency in future and this article is BS. However, I'm no bitcoin expert. What do you guys think about this ? Will it become the digital currency in future ?

[~Bitcoin~]

What do you guys think ? I certainly think bitcoin will become the digital currency in future and this article is BS. However, I'm no bitcoin expert. What do you guys think about this ? Will it become the digital currency in future ?

There is no doubt that bitcoin will be the digital currency of future and it has already been accepted by big merchants nothing to worry about. Also i think circle stop supporting bitcoin buy/sell to start their own centralized payment gateway like paypal to make more profit from heavy transaction fees and all types of hidden fees which they can't make with bitcoin.

[n0ne]

Bitcoin evolved as a payment processor which gradually got acceptance as a good investment and the best digital currency. The problem with circle is that they might be making plan to generate their own digital currency to compete with other digital currencies, so might stopped buying and selling bitcoin.

[marketone]

Bitcoin is one of biggest online digital currency in future for sure many major countries are supporting digital currency, and cashless transaction. Recently India, Venezuela country government bans their higher notes and they are allowing their people to do cashless transaction. Every day digital currency is flooding around the globe. In coming day bitcoin will become most value digital asset in entire world.

[Pursuer]

all these types of negative news and all these FUD always have some traces of truth inside them, and that is why they usually seem appealing and sometimes even work as an FUD to make price unstable.

in case of Circle CEO and his nonsense that he has been saying, you should look at why he is saying it. and I believe one of the main reasons for it is the fact that his business has failed and he is trying to blame everything there is out there to divert the finger that is pointing at him for his failure.

[ethereumhunter]

i am sure that bitcoin is digital currency for now and for future because bitcoin can reach all of country and all people without any differences and all of us can use bitcoin with same satoshi. i know that in out there, many people will not believe about this and suspect that bitcoin is only use for illegal activity, but they don't read from the right source so they give this statement and i think let the time will give the answer.

[marshallbro]

u are actually right that bitcoin will be the future digital currency.and it has been started to be accepted in it as worldwide .well dont worry ,bitcoin is the future.

[hase0278]

In my opinion this article that you have read OP is BS. maybe circle just stops accepting bitcoin because the owner have not believed bitcoin very much and more likely that they didn't like it's very volatile price. Maybe they also didn't like sometimes the way how bitcoin is used sometimes, since others use it for illegal purposes frequently. There is also a possibility that they will create their own digital currrency but it is only a possibility.

[xuan87]

well we can't be too sure about the future, if everything work smoothly, bitcoin will be able to become digital currency, but there is still so many challenges that bitcoin need to face, but for me i still believe in the future bitcoin will become digital currency, and if everything work smoothly bitcoin will become investment tools and also as a currency

[darkangel11]

well we can't be too sure about the future, if everything work smoothly, bitcoin will be able to become digital currency, but there is still so many challenges that bitcoin need to face, but for me i still believe in the future bitcoin will become digital currency, and if everything work smoothly bitcoin will become investment tools and also as a currency

I thought it was a digital currency all along.
Bitcoin is often called the first cryptocurrency, although prior systems existed and it is more correctly described as the first decentralized digital currency.
Circle changing their goal has nothing to do with bitcoin's future. It's a digital currency and a store of value, even if it doesn't become widely accepted as a currency and remain only the latter, it can reach mainstream and succeed. I think this is very probable.

[lol3c]

Bitcoin is always a digital currency since it was created. At present, Bitcoin is still need many support from people and investors to make it become even a greater currency in the future. The Bitcoin adoption is one of the most important mission for Bitcoin right now. There are still many countries discourage citizen from using it and it is really annoying. I hope that in the future, many more people will realize the benefits of Bitcoin and start using it as a primary currency.

[Barbut]

This article means nothing, I spent 10 minutes for nothing. They can continue to drink coffee and wonder about what can happen in the future, its their right. Future of bitcoin is being made right now, and for almost a year in bitcoin I see progress, maybe that progress is not fast as some people expect to be, but we will get there.
Bitcoin is digital currency, and it can be used much more in the future, mass adoption can happen and we just need to wait for it.

[raja2sumi]

Well it might happen that slme countries might ban bitcoins to some extend .well most of people whole over the globe would be using bitcoins as their digital crpytocurrency .

[markyminer]

u are actually right that bitcoin will be the future digital currency.and it has been started to be accepted in it as worldwide .well dont worry ,bitcoin is the future.

the future of bitcoin is a a digital currency and there is not doubt about this, as in future people will mostly use online trading therefore bitcoin will be their first option, and they will use it as digital currency throughout the world.

[DrGuns4Hands]

i think it will be digital currency in anytime now we have our new president i think there will be a revolution where we can use bitcoin as digital currency and use it on our everyday life because it is so powerful and one more thing in bitcoin we can send or received bitcoin anonymously that's what i like about bitcoin and also they're pushing it to other company thats why other companies accepting bitcoin as a payment.

[The Sceptical Chymist]

This is kind of an old thread now, but I'm still very disappointed that Circle did this.  Buying bitcoin was as easy as I've ever seen.  I signed up at Kraken, and they're so full of shit as far as buying bitcoin with USD it's ridiculous, and I'm not doing it with them. 

Circle is entitled to their opinion about anything, just as we all are, but it really sucks that they abandoned bitcoin.  I have no use for them now.  If I want to send fiat to someone, PayPal is just as easy and I've been using them for a lot longer than Circle.   

[Wind_FURY]

I can see other Bitcoin based exchanges and payment processors either closing or doing a pivot just like Circle did. There is not enough money in the whole Bitcoin economy to have this many exchanges that we have right now. Some of them will have no choice but to close down. The most potent niche in the Bitcoin market right now is the dark markets. The growth potential over there is so big it will become like a gold rush for drug vendors.

[GreenBits]

I can see other Bitcoin based exchanges and payment processors either closing or doing a pivot just like Circle did. There is not enough money in the whole Bitcoin economy to have this many exchanges that we have right now. Some of them will have no choice but to close down. The most potent niche in the Bitcoin market right now is the dark markets. The growth potential over there is so big it will become like a gold rush for drug vendors.

Yeah they are some Bitcoin users using Bitcoin to buy drugs in the Dark Market and they use Bitcoin to scam peoples.

[machinek20]

I am pretty sure bitcoin will become future digital currency, the enthusiatic of bitcoin user is very high, and the transaction flow of this coin is really high, and in the future there will be more user used bitcoin as currency, and beside of that bitcoin also can become investment, so there will be more and more people used bitcoin

[FinanceUS]

It is only Circle's own problem not to allow their customers buying and selling Bitcoin, it is not Bitcoin's problem. It just means that Circle is not going to succeed. Other companies will find ways to take over Circle's current service.