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Author Topic: Bitcoin is the future of money  (Read 2209 times)
ksrfz1
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June 10, 2018, 03:10:21 PM
 #1

Most of the government are legalising Bitcoin and its a great thing however few countries in Asia are still not declared their decision regarding Bitcoin.

I feel sooner or later Bitcoin will definitely get legalised around the globe and will be accepted as mode of payment.

Its revolutionary and its future of money.....
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June 10, 2018, 06:55:43 PM
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Bitcoin will be the future of money there is no doubt in that.  Because many countries now accept bitcoin as legal in their country. People are also ready to invest in bitcoin. But at the same time it would be announced as illegal in many countries. If one country succeeds in the crypto means automatically other countries will accept bitcoin. Surely this changes will happen in future. Many countries attract by blockchain technology so the revolution of digital currency will takes place in all countries.

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June 11, 2018, 01:19:03 AM
 #3

Bitcoin hasn't really been made illegal in many countries (under 10?), as not a lot of countries have bothered to put out such a stance on it. A good chunk of countries have some heavyish regulation on cryptocurrency in general but as a whole, as it has been since the inception of bitcoin, its legal to buy and trade it in a significant majority of countries. It essentially started with 0 regulation and rules of use have become stricter. So the statement that governments are legalising bitcoin isnt really right, it was legal until declared otherwise, governments are simply not making its use illegal and in some instances getting behind the developing technology or putting rules in place to provide protections that they see fit.

Stricter rules doesnt mean that its bad for the use of bitcoin as a currency though, it could actually assist in giving it a better and more legitimate public image (though obviously countries like Bangladesh or Ecuador who have made it illegal arent helping).

Bitcoin as the future of money is definitely an exciting proposition and I welcome the development towards that end.
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June 11, 2018, 02:28:13 AM
 #4

There is no doubt that bitcoin will be future of money because many countries are legalising bitcoin and peoples started investing in bitcoins. This blockchain technology is attracting many countries and the Bitcoin revolution has been started .
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June 11, 2018, 02:38:48 AM
 #5

Many countries accepted bitcoin as their legal currency. But in many countries bitcoin is illegal, but all are thinking of bitcoins and discussing about bitcoins to make it legal. The bitcoin revolution has been started and this blockchain technology has become attractive for many countries.
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June 11, 2018, 05:03:43 AM
 #6

Of course there is no doubt bitcoin will be future of money. Various fast developing countries are legally accepting bitcoin. Future of bitcoin is bright.
 
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June 11, 2018, 08:26:45 AM
 #7

Bitcoin future is bright. Mostly countries did not accept the bitcoin as legal but it will be accepting as a legal in all countries. There may be process late but it is sure that it will be confirmed its legalize.
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June 11, 2018, 09:15:36 AM
 #8

Bitcoin will be the future of money there is no doubt in that.  Because many countries now accept bitcoin as legal in their country. People are also ready to invest in bitcoin. But at the same time it would be announced as illegal in many countries. If one country succeeds in the crypto means automatically other countries will accept bitcoin. Surely this changes will happen in future. Many countries attract by blockchain technology so the revolution of digital currency will takes place in all countries.
There is no country in the world that has recognized bitcoin as a currency. Yes, some countries do not prohibit the use of bitcoins and even take taxes from such operations. But these actions are aimed only at getting taxes from users of crypto-currencies and are not a sign of bitcoin recognition.
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June 11, 2018, 10:57:46 AM
 #9

Bitcoin will be the future of money there is no doubt in that.  Because many countries now accept bitcoin as legal in their country. People are also ready to invest in bitcoin. But at the same time it would be announced as illegal in many countries. If one country succeeds in the crypto means automatically other countries will accept bitcoin. Surely this changes will happen in future. Many countries attract by blockchain technology so the revolution of digital currency will takes place in all countries.
There is no country in the world that has recognized bitcoin as a currency. Yes, some countries do not prohibit the use of bitcoins and even take taxes from such operations. But these actions are aimed only at getting taxes from users of crypto-currencies and are not a sign of bitcoin recognition.

Most of the people believe the bitcoin. So it good opportunity for the future saving. It help to people improve knowledge and people get the other country growth. People growth this country growth. So country will be help to people growth. Bit some country will not help to people growth. But bitcoin will be help to people growth. Now most of the people buy and hold the coin. It good for the people growth. It time to change the price. So people wait for the price down. This right time to buy and hold the coin. Then people check the market price day by day. If price will be increase. Then people sell the coin on time. Now most of the country people wait for the legal way to use the bitcoin. Some country will not accept the legal way. So people wait for the legaly use in the country.

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June 11, 2018, 03:41:15 PM
 #10

Time to time bitcoin will be the future money but as of now, I think 20% of people using this technology to the reason of bitcoin not well known by payment it is well known of being profitable via trading and investing for a long term.
A highly volatile is made those people not tolerate bitcoin as a payment instead of making profits on this.
Yes, it probably happened that bitcoin may the future money but do you think fiat money will replace this?

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June 11, 2018, 04:18:02 PM
 #11

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June 11, 2018, 06:40:59 PM
 #12

Most of the government are legalising Bitcoin and its a great thing however few countries in Asia are still not declared their decision regarding Bitcoin.

I feel sooner or later Bitcoin will definitely get legalised around the globe and will be accepted as mode of payment.

Its revolutionary and its future of money.....

Even many governments leaglized the bitcoin still it is hard for them to categorize the bitcoin because some countries calling it as asset and some as currency but whatever still bitcoin is not used as currency by most of us so we need to adopt to if if the governments wants to legalize then only bitcoin can be the future of currency system.But hopefully more countries will accept bitcoin in the near future.

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June 11, 2018, 09:53:37 PM
 #13

Bitcoin doesn't even need to legalize as everyone can freely use it but due to some potential's and features that it can give to the citizens (good and bad) the government starts to interact.

I also believe that in the near future there will be a lot of people talking about how much bitcoin wealth they hold and use from day to day living.

It's still considered as a young digital currency so this is only the beginning where people are starting to know and research about it.

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June 12, 2018, 08:51:22 AM
 #14

the usual misconception is that bitcoin is going to substitute the money as we know it
that it is the future,the most progressive thing after the sliced bread and so on
the truth is that bitcoin is not the best,to put it mildly,in terms of number of transactions per second
"money" as we know it require thousands of times more transactions than that
compare VISA and bitcoin in this aspect: visa appr. 24.000 transactions per second,bitcoin appr. 5-7 transactions per second!
it is 4.000 times less,simply impossible to substitute money at this stage
there are cryptos that are way better at that exact parameter,but we are talking about bitcoins here

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June 12, 2018, 10:07:44 AM
 #15

The future of money does not mean bitcoin will replace a payment system now. Fiat currency will remain a top choice that will be used by everyone. We still need transactions made directly, online transactions are limited to alternatives that will be chosen by everyone.

I am grateful if it is true that all governments are legalizing bitcoin and making bitcoin widely used by various people. At least it will make a person aware of the decentralization system very suitable for use today. Decentralization will at least make a person think that for a money we need the freedom to determine a value.

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TianaStam
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June 12, 2018, 10:13:26 AM
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 #16

How do you pose bitcoin in the meaning 'future of money'? If you look at it as on the example of cashless payment this future has already came with Visa and MC. Bitcoin is decentralized and I count it is as an utopia to it became as something that will replace classic national fiat, the government will simply not allow it to happen, it's not in their interests to put the currency which is supported only by the demand on the first place,no way. But if you are talking about legalization of crypto currencies I think yes, that's our nearly future. All governments just can't skip the opportunity to fill the chest and their own pockets with taxes from digital income and add to that there is such called technological races, where every country with to be on the first place among others, but I doubt that Asian countries who banned crypto will change their opinion so soon.

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veleten
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June 12, 2018, 10:22:34 AM
 #17

The future of money does not mean bitcoin will replace a payment system now. Fiat currency will remain a top choice that will be used by everyone. We still need transactions made directly, online transactions are limited to alternatives that will be chosen by everyone.

I am grateful if it is true that all governments are legalizing bitcoin and making bitcoin widely used by various people. At least it will make a person aware of the decentralization system very suitable for use today. Decentralization will at least make a person think that for a money we need the freedom to determine a value.

not all the goverments are legalizing bitcoins,it is not true
many of them are directly banning bitcoins:Venezuela,Bolivia,Ecuador,Bangladesh to name a few
such big economies as China,India have a partial ban -either a banking ban or something similar
this is why one cannot say bitcoin is the future of money,the legal wars are raging as to the status of bitcoins,whever its an asset,money or something else
it is too early to tell,but I am sure cryptocurrencies will have its use,maybe very substantial as well,but not substituting money as we know it

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June 12, 2018, 01:08:47 PM
 #18

Yes, all of us hope that it will take place soon.
zhekinsp
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June 12, 2018, 02:53:12 PM
 #19

The future of money does not mean bitcoin will replace a payment system now. Fiat currency will remain a top choice that will be used by everyone. We still need transactions made directly, online transactions are limited to alternatives that will be chosen by everyone.

I am grateful if it is true that all governments are legalizing bitcoin and making bitcoin widely used by various people. At least it will make a person aware of the decentralization system very suitable for use today. Decentralization will at least make a person think that for a money we need the freedom to determine a value.

not all the goverments are legalizing bitcoins,it is not true
many of them are directly banning bitcoins:Venezuela,Bolivia,Ecuador,Bangladesh to name a few
such big economies as China,India have a partial ban -either a banking ban or something similar
this is why one cannot say bitcoin is the future of money,the legal wars are raging as to the status of bitcoins,whever its an asset,money or something else
it is too early to tell,but I am sure cryptocurrencies will have its use,maybe very substantial as well,but not substituting money as we know it
Yes most of the countries were undecided about the crypto currency in their country and few countires were totally banned and some countries are partial ban as you said but crypto currencies can't be controlled by anyone so which has positive as well as negative.Many governments were confused how to categorize the crypto currencies that is also big problem about crypto currencies so still it takes time to about the future of crypto currency.
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June 12, 2018, 02:55:19 PM
 #20

many of them are directly banning bitcoins:Venezuela,Bolivia,Ecuador,Bangladesh to name a few

I don't know about the other countries you mentioned, but I'm pretty sure Venezuela isn't banning Bitcoins at the moment. They're embracing crypto in hopes that it will spur economic growth.

this is why one cannot say bitcoin is the future of money,the legal wars are raging as to the status of bitcoins,whever its an asset,money or something else
it is too early to tell,but I am sure cryptocurrencies will have its use,maybe very substantial as well,but not substituting money as we know it

I agree that crypto may never replace fiat, but it doesn't have to to be considered the future of money. Should crypto achieve scalability and stability, it will be better than fiat in most, but not all respects. It's going to have its own niche uses, and so will crypto. It could still very well be considered the future of money in this situation though, given how it could push for a complete replacement. Think e-mail being the future of snail mail, but not killing it off entirely.

I'm betting on Bitcoin being the future of money because of how it fits in with the current trends of technology. Everyone in the world could send messages, photos, videos, etc. to each other instantly regardless of location through the internet -- so why not money?

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