anzhanbei1214068 (OP)
Jr. Member
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Activity: 166
Merit: 1
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March 17, 2018, 03:40:30 PM |
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BTC have monetary value measurement means, circulation, storage method, payment method, and the world monetary five major functions, has been widely accepted in the Internet, has the character of scarcity, and unforgeable, as natural as gold and silver is currency.
Just because the vast majority of people is difficult to understand the mechanism of its delicate design, because it has broken the central bank to monopoly on the currency issue in one hundred, because it is at the beginning of the birth by hackers and criminals use experience, let people don't want to admit this.
It is believed that in the near future, BTC will become the mainstream of the Internet, and people will use BTC to conduct anonymous and cross-border transactions through various innovative applications, which is convenient and safe.
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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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Shenzou
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March 17, 2018, 04:29:19 PM |
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BTC have monetary value measurement means, circulation, storage method, payment method, and the world monetary five major functions, has been widely accepted in the Internet, has the character of scarcity, and unforgeable, as natural as gold and silver is currency.
Just because the vast majority of people is difficult to understand the mechanism of its delicate design, because it has broken the central bank to monopoly on the currency issue in one hundred, because it is at the beginning of the birth by hackers and criminals use experience, let people don't want to admit this.
It is believed that in the near future, BTC will become the mainstream of the Internet, and people will use BTC to conduct anonymous and cross-border transactions through various innovative applications, which is convenient and safe.
Not really, not if the scaling problem isn't fixed, than bitcoin will always stay as a investment, back in December the amount of traffic that the network has witnessed, and the amount of transactions that were stuck at the time, alongside the miner fees that reached crazy numbers, made the micro transactions with bitcoin impossible which have lead to the price drop, and if the network can't handle that amount of transactions, than how do we expect it to be used as a payment method in our daily lives. |
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Fazlurkhan.kz
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March 17, 2018, 04:48:02 PM |
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Definitely, bitcoin will be used for vast purposes in the near future and for that, there should be enough miners in the community to support and keep the bitcoin system running efficiently so as to be the best and still attract investors or acceptors.
If not fiat then it surely will replace gold for sure as rather than the difference of gold being physical and bitcoin digital, almost they have everything in common.
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1Referee
Legendary
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Activity: 2170
Merit: 1427
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March 17, 2018, 05:07:28 PM |
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Not really, not if the scaling problem isn't fixed, than bitcoin will always stay as a investment, back in December the amount of traffic that the network has witnessed, and the amount of transactions that were stuck at the time, alongside the miner fees that reached crazy numbers, made the micro transactions with bitcoin impossible which have lead to the price drop, and if the network can't handle that amount of transactions, than how do we expect it to be used as a payment method in our daily lives.
Scaling (on-chain) will likely never be 'fixed' because of the politics involved, but off-chain scaling is already live, although it being not out of 'beta' yet. Lightning Network tackles the following on-chain obstacles; fees, confirmation times, transaction processing capability per second, and allows more fexibile scaling to happen. With enough LN nodes and open channels, there will be millions and millions of transactions being sent back and forth, and all instantly settled. LN is what Bitcoin desperately needs, and it's just a matter of time before it's globally deployed. Currently, although it being on a very small scale, main-net LN transactions are taking place.  |
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Lieldoryn
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March 17, 2018, 05:36:57 PM |
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Not really, not if the scaling problem isn't fixed, than bitcoin will always stay as a investment, back in December the amount of traffic that the network has witnessed, and the amount of transactions that were stuck at the time, alongside the miner fees that reached crazy numbers, made the micro transactions with bitcoin impossible which have lead to the price drop, and if the network can't handle that amount of transactions, than how do we expect it to be used as a payment method in our daily lives.
Scaling (on-chain) will likely never be 'fixed' because of the politics involved, but off-chain scaling is already live, although it being not out of 'beta' yet. Lightning Network tackles the following on-chain obstacles; fees, confirmation times, transaction processing capability per second, and allows more fexibile scaling to happen. With enough LN nodes and open channels, there will be millions and millions of transactions being sent back and forth, and all instantly settled. LN is what Bitcoin desperately needs, and it's just a matter of time before it's globally deployed. Currently, although it being on a very small scale, main-net LN transactions are taking place. Bitcoin should not use third-party services. Firstly, this can lead to the fact that users may become victims of hackers, and secondly, the modernization of bitcoin is a direct responsibility of developers. To do this, all bitcoin community should be United in a common goal. It is not. Therefore, we are questioning our future. Lightning won't help. This is only a temporary relief. |
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Kingofbitcoin12345
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March 17, 2018, 05:47:21 PM |
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All it needs is a little bit more time,, the majority of its uses still not in mainstream as the government and the financial sectors is doing all it can to stop it from becoming one.. It can outrun PayPal and the like of it when bitcoin and legality of it is answered.. If the people will continue patronising the monopoly of payment that is corrupted is a big mentality attitude we shouldn’t ignore,, but to solve it by spreading the truth..
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godzillarekt007
Full Member
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Activity: 266
Merit: 106
Floki Robot
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March 17, 2018, 06:52:49 PM |
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All it needs is a little bit more time,, the majority of its uses still not in mainstream as the government and the financial sectors is doing all it can to stop it from becoming one.. It can outrun PayPal and the like of it when bitcoin and legality of it is answered.. If the people will continue patronising the monopoly of payment that is corrupted is a big mentality attitude we shouldn’t ignore,, but to solve it by spreading the truth..
All you need to know is that cryptocurrencies and Bitcoin grow exponentially and the growth of financial industry has been linear all this time. Given that once cryptocurrencies surpass the financial industry their will be no looking back. It won't matter how much they want to stop it at that point, they simply won't be able to. Not unless they want to shut down the world wide web, which I am confident isn't happening anytime soon . |
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palle11
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March 17, 2018, 07:31:19 PM |
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I suspect that bitcoin core itself might not be the one sort for in that regard. The volatility is very high and unstable. It can't give the confidence needed for sure plus the scaling and triffic .
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Reid
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March 17, 2018, 07:42:25 PM |
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It will be the currency of the internet.
Whom do you see right now which has no internet in one home.
It is like everyone wants and needs it.
Projects, and almost all of stuff of knowledge is in it. You wont even need the library.
Purchasing is easier because you wont need to bring the item from the merchants store to your house which is a lot of weight.
Online shops are now in nowadays. It will be easier with one currency being used.
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MiF
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March 17, 2018, 07:56:19 PM |
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It will be the currency of the internet.
Whom do you see right now which has no internet in one home.
It is like everyone wants and needs it.
Projects, and almost all of stuff of knowledge is in it. You wont even need the library.
Purchasing is easier because you wont need to bring the item from the merchants store to your house which is a lot of weight.
Online shops are now in nowadays. It will be easier with one currency being used.
I agree on that it is really the best of all currency around the globe. Because there was always an opportunity and profit on it. I believe that bitcoin may rise up high in the near future. Because bitcoin is now the most popular of all currency which can be use for gaining around the globe. |
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