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Author Topic: Where are we going with cryptocurrency?  (Read 2777 times)
FaithETH
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November 13, 2017, 10:19:02 PM
 #81

Because of the importance of technology and the internet increasing everyday, even now as we speak, bitcoin is bound to become a recognizable and influential currency in banking. It's high demand plus each generation being even more technologically savvy means that it is on a good path to rivaling fiat. As for other properties, it's price will increase. Altcoins will also become more common.

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juddtrump
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December 25, 2017, 06:14:34 AM
 #82

"Cryptocurrency" is the medium, not the message
"Cryptocurrency" is a confusing term - Bitcoin, Litecoin, Dogecoin, etc. usually come to mind.

It's simpler than that: a cryptocurrency is value that can be cryptographically secured, and digitally represented and transmitted via the Internet.

Bitcoin fits this description. So does a Euro that also meets these characteristics. There are differences, e.g. one is the product of national monetary policy; the other isn't. There are also similarities, e.g. they both benefit from the technical capabilities of the Internet (there are lots of benefits).

Convertible + transferable = interopreable
With that in mind, I think it's safe to say that an increasing variety and volume of existing stores of value - national currencies like Euros, commodities like gold, Internet currencies like Bitcoin, etc. - will become transferable and exchangeable as crypto currencies, likely using a common protocol (like Ripple (payment network); note - I work at Ripple Labs) to do so.

For example: today, Bitcoin is a valuable commodity (~$5b), and so are loyalty points (~$350b) gold (~$10,000b). Rather than using cryptocurrency technologies to switch these stores of value to a new single store of value, why not focus on making them more interoperable, i.e. easier to exchange?

Cryptocurrency can be a friendly movement
I think interoperability is a more practical and credible outcome that requires less disruption (damage to the incumbent ecosystem) and more construction (enhancing the ecosystem).
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December 25, 2017, 07:19:04 AM
 #83

As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow? 

we started move from personal investment into company investment in cryptocurrency.

in 2018 will find more support and used cryptocurrency also big companies will start them own coins
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January 17, 2018, 10:09:17 AM
 #84

 The cryptocurrency is a result of a rising technology so I think this cryptocurrency have a very high potential and probably will be the future currency and will make our life easier. I think, there will be a developed infrastructure for the use of cryptocurrency
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January 17, 2018, 10:21:27 AM
 #85

A lot of people are aware of cryptocurrency and still not enough for some kind of shift to happen. For most of them it's still a complicated, insecure, not real money. But I think in time more altcoins will appear and bitcoin will become even more expensive.
Cryptocurrency is developed to give the consuming public a choice in their financial management. That is why they are termed as alternative coins or altcoin. The road that this coins have travel in the market have been too long to undo. This innovation may probably continues to go with mainstream of the global market, since a lot of establishments are accepting bitcoin as normal fiat.
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January 17, 2018, 10:25:28 AM
 #86

Into the upgraded versions of our civilisation, because if nothing else cryptos have proven it is possible to achieve higher levels of knowing what you own with lower effort.
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