trobin
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December 06, 2017, 06:36:37 PM |
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What will happen with Blockchain technology in the next 50 years?
In the next 50 years,blockchain would get adopted in all fields both in government sectors as well as private sectors. I agree, we are already seeing many of the hundreds of different use cases for blockchain technology and I think that we will only see more and more in the future. Cryptos are largely associated with finance but one day I feel they will be used widely across sectors. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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obinine
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December 07, 2017, 08:55:46 AM |
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It will definitely be the thing.
And yes, I agree with your prediction that the problem that would arise will be that concerning as to who will regulate the blockchain technology. This problem is pivotal since it will determine the success of all others who invested in Bitcoins and others of like nature.
The digital age has gotten to a point of intrusion whereby even the most powerful of governments can find it real hard to monitor those who transact with it. Hence, since it seems uncontrollable as of press time, there are many control freaks that want it outlawed for the simple reason that it is an evolution that is beyond the control of governments. Of course, all governments across borders demand control from its people. There lies the problem in there.
i think the digital economy cannot take us, becase we have very strong in the world trade market. everybody know about the bitcoin very well. it is a new and the easiest way for keeping you with you not with banks. it means that the digital economy can't take easily |
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Hazaki
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December 19, 2017, 12:05:54 PM |
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Knowing what will happen in a few seconds , hours , or days is impossible for any person in this whole world and it's no doubt that the greatest mystery of all is tomorrow .
So we really can't predict or speculate on such a long time frame that may hold revolutions , enhancements and life changing inventions , or extinction to man kind .
But such fascinating technology as the "Blockchain" will certainly play a big part in the future of our economical system because it has managed to provide a substitute to what we know as the traditional banking system and it has succeeded on so many levels to bring so much innovation, futuristic ideas and tools that made life easier .
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fuer44
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December 19, 2017, 12:10:32 PM |
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of course leads us to riches. digital economy will make us a new entrepreneur, whether it is a reliable trader, or make us an excellent accountant.
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fiulpro
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December 19, 2017, 12:28:01 PM |
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Well digital economy is for sure..take us to a world which is more flexible, more open to everyone and where gold and other currencies are not given that much importance, also, it will give the stock exchange and the gold market a big blow.
People will be able to track everything, every transactions and make everything easy for everyone.. it will reduce the corruption and will help in various other sectors too...
Bitcoins will help the blockchain technology to grow..we are already using it in a big way in places that one would never expect.. thus I think government and other authorities will also adapt it and put it in working making everything more transparent.
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alfs75
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platform for everyday business
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December 19, 2017, 01:00:44 PM |
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What will happen with Blockchain technology in the next 50 years?
My future vision that the digital economy will take us to newest and most high technology of digital currency form,that can serve us fast trading exchange, in a split of a second and all hard fork problem will eliminate,and all transaction in the banks will become a dependent on bitcoin legacy,and people not using a paper money of all transaction in buying and paying bills,and lastly that time bitcoin is legalized by the world government that thing happen in bitcoin soon in 50 years. |
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fulmetal08larz
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December 19, 2017, 03:24:46 PM |
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The blockchain technology is truly a remarkable innovation in this century. There are some banking systems and businesses that have adapted this technology even though it's still in its early stages of development, and, there will be more in the next 50 years.
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iqlimasyadiqa
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Merit: 1011
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December 19, 2017, 04:16:30 PM |
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What will happen with Blockchain technology in the next 50 years?
Blockchain is currently a sophisticated technology and currently there are also some major projects that utilize Blockchain technology. I've heard that there is a development of a BANK using this technology, If this is true then of course digitalization would be the best option for future use. Inevitably we must be ready to use technology that is more sophisticated, because if not implemented from now then everything will become increasingly difficult. Technology is created because to simplify all the activities we do, the various sectors that become one of the most important part must be able to apply the technology. I am optimistic that there will be times and conditions under which we can apply digitalization in everyday life, including implementing blockchain technology and using Bitcoin in transactions every day. Someday the world economy will change and will be different than now, everything will be online and this is a demands of the times. Blockhain can still be used and I think not only for 50 years, Blockchain can be utilized much longer. |
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Eternu
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December 19, 2017, 04:33:20 PM |
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No one can predict what will happen tomorrow with 100 percent certainty, yet alone for 50 years. But one thing is for sure, and that is that blockchain technology brought something new to us, and changed future forever. In near future we will see more and more currencies based on blockchain technology, which we see even today. At the end only best will survive, and for that we must wait and see. There is possibility that in the future all currencies will be based on blockchain or something that will come from it.
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Guapongbadoy
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January 01, 2018, 06:56:17 AM |
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Into a better and smooth society which is free from corruption because it is decentralized.
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Fainjusly60
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January 01, 2018, 03:34:11 PM |
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What will happen with Blockchain technology in the next 50 years?
Probably will be replaced by other technology. why your title difference than your topic? |
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Hell-raiser
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January 01, 2018, 03:43:39 PM |
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I suppose the changes will be seen earlier, in the nearest 8-10 years. Today they have already started to talk about decentralized internet. Less people will start using banks, and banks will have to reduce their commissions.
Banks are just going to evolve and adapt to bitcoin, I'm sure they are thinking about it, if possible they are going to prefer bitcoin to be destroyed but if that is impossible they are going to try to become the winners in this new system, in fact I will not be surprised if banks have already began to buy bitcoin secretively at cheap prices the last time bitcoin crashed so it is possible they are in fact interested that bitcoin gets major adoption to make a lot of money. Banks are unlikely to embrace Bitcoin or some other crypto any time soon. They are all heavily regulated, and it is impossible for them to start accepting cryptocoins entirely on their own. In short, it won't happen until central banks allow them to do that, but this is even less possible because crypto is a strong competitor to national fiat currencies. Only a few small countries have accepted a foreign currency as legal tender, but no country has so far accepted Bitcoin fully. |
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GeorgeFeb
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January 01, 2018, 03:44:44 PM |
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What will happen with Blockchain technology in the next 50 years?
Brave New World, Blade Runner and so on, simple! |
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Lanatsa
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January 01, 2018, 04:00:11 PM |
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I suppose the changes will be seen earlier, in the nearest 8-10 years. Today they have already started to talk about decentralized internet. Less people will start using banks, and banks will have to reduce their commissions.
Banks are just going to evolve and adapt to bitcoin, I'm sure they are thinking about it, if possible they are going to prefer bitcoin to be destroyed but if that is impossible they are going to try to become the winners in this new system, in fact I will not be surprised if banks have already began to buy bitcoin secretively at cheap prices the last time bitcoin crashed so it is possible they are in fact interested that bitcoin gets major adoption to make a lot of money. Banks are unlikely to embrace Bitcoin or some other crypto any time soon. They are all heavily regulated, and it is impossible for them to start accepting cryptocoins entirely on their own. In short, it won't happen until central banks allow them to do that, but this is even less possible because crypto is a strong competitor to national fiat currencies. Only a few small countries have accepted a foreign currency as legal tender, but no country has so far accepted Bitcoin fully. Even myself isnt really convinced that we would really come to this point on where bitcoin or cryptocurrency would really become the mainstream and would potentially be accepted by central banks. I dont believe such thing to happen because they wont really allow that thing. Rather than on accepting those things they would rather create on their own which we know it would be regulated or centralized as well. |
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EdenHazard
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January 01, 2018, 04:07:26 PM |
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Into a better and smooth society which is free from corruption because it is decentralized.
that is actually what bitcoin with its advanced technology can do ideally in the real world , but did you know that not much people with superpower out there take it as advantage? mostly they are afraid to adopt this kind technology . reasonable enough as it is like about to stake a lot of people life so requires a careful decision . |
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gilangIDR
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January 01, 2018, 04:16:12 PM |
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No one can predict what will happen tomorrow with 100 percent certainty, yet alone for 50 years. But one thing is for sure, and that is that blockchain technology brought something new to us, and changed future forever. In near future we will see more and more currencies based on blockchain technology, which we see even today. At the end only best will survive, and for that we must wait and see. There is possibility that in the future all currencies will be based on blockchain or something that will come from it.
Yes it is true that no one can predict bitcoin properly. I have seen various circumstances and I think all of these things will say that blockhain technology can be applied in our financial system in the future. We all know that blockhain is an advanced technology that we can use well and correctly. There should be a variety of support to be able to implement these technologies in the future. But we all believe that someday blockhain technology can we use appropriately and beneficial for various financial systems in the world. |
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AbyssLagiaz
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January 01, 2018, 04:40:12 PM |
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Digital Economy might either lead us to an even worse economy if technology were to be handles improperly. There could be a risk of a lot of unemployment if we just keep on letting electronics lead our economy. The basic application of technology in our daily lives already proved its simplicity in doing all the processes. An application of technology in the whole economy could make up for its worst or the best. It will depend on how the government manipulates the blockchain technology. It can be either ruined due to high taxes in transactions. No one really knows what will happen, but as what I can suggest is to develop the blockchain technology even more.
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splat44
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January 01, 2018, 04:49:20 PM |
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Digital Economy might either lead us to an even worse economy if technology were to be handles improperly. There could be a risk of a lot of unemployment if we just keep on letting electronics lead our economy. The basic application of technology in our daily lives already proved its simplicity in doing all the processes. An application of technology in the whole economy could make up for its worst or the best. It will depend on how the government manipulates the blockchain technology. It can be either ruined due to high taxes in transactions. No one really knows what will happen, but as what I can suggest is to develop the blockchain technology even more.
I guess we're going to have adjustment in the economy and it should be on process. yes the world is changing we should change for the new infomation age or technology age.. Digital revolution will take over this era. |
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Golftech
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January 01, 2018, 04:59:48 PM |
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Digital Economy might either lead us to an even worse economy if technology were to be handles improperly. There could be a risk of a lot of unemployment if we just keep on letting electronics lead our economy. The basic application of technology in our daily lives already proved its simplicity in doing all the processes. An application of technology in the whole economy could make up for its worst or the best. It will depend on how the government manipulates the blockchain technology. It can be either ruined due to high taxes in transactions. No one really knows what will happen, but as what I can suggest is to develop the blockchain technology even more.
I guess we're going to have adjustment in the economy and it should be on process. yes the world is changing we should change for the new infomation age or technology age.. Digital revolution will take over this era. human knowledge is really bringing us to new age as crypto might represent the new system it will bring economy to its new identity, if most of the countries recognize this system digital economy will make it much better and easier for most of us who understand. |
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Dmitriy999
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January 01, 2018, 05:02:43 PM |
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Blockchain technology necessary to develop and this will always happen to stop it is impossible, but there is one very important point which is always worth paying attention to is that the decentralized blockchain technology can be centralized and have even come altcoins where there is centralization and it is very dangerous if a large state or large large financial institutions or private investors will be done in a Monopoly on the blockchain
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