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Author Topic: Will bitcoin be harder to access in the future?  (Read 2559 times)
squatter
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September 08, 2018, 05:55:54 AM
 #41

As of now, more and more users are getting the hang of sitting by their computers all day and they get paid millions through the help of bitcoins. What they earn is more than what they had in real life which makes life convenient and easier.

Who are these users? Not many people took part in Bitcoin's early days, where the gains (up to now) are so impressive. And I think most people from the earlier stages also sold most of their coins early. I sure made the mistake of selling too early -- years ago -- and most people I've talked to have made the same mistake.

On the other hand, bitcoins are really helpful and accessible to everybody or to a group of individuals and they just click and their wallets get full. But what if, sometime in the future, bitcoins become more private and unaccessible? Will that cause a problem? What could've happened to us who were engaged in it first rather than the newbies to come?

The ledger is public and transparent. On the current trajectory, bandwidth and storage requirements are unlikely to make running a node inaccessible for most people. Price-wise, early adopters are always better off. But in terms of usability, I think the combination of Lightning and other protocols with the infinite divisibility of BTC will keep Bitcoin accessible. Late adopters just won't be able to afford much of it.

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September 08, 2018, 05:57:32 AM
 #42

As of now, more and more users are getting the hang of sitting by their computers all day and they get paid millions through the help of bitcoins. What they earn is more than what they had in real life which makes life convenient and easier.

On the other hand, bitcoins are really helpful and accessible to everybody or to a group of individuals and they just click and their wallets get full. But what if, sometime in the future, bitcoins become more private and unaccessible? Will that cause a problem? What could've happened to us who were engaged in it first rather than the newbies to come?

I don't think that bitcoin will be hard to access in the future because as the time goes by, our technology becomes more modernized so that people in the future can access bitcoin easily.

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mxyzptlkof6th
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September 08, 2018, 05:59:10 AM
 #43

For me, i think bitcoin will be very difficult to get because the price will be super expensive. And many cancer people will join the bitcoin. So i guess in the future that bitcoin will be harder to access.
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September 08, 2018, 06:14:20 AM
 #44

I should definitely get me one of those wallets where you just "click" and then the wallet gets filled. It looks like my wallet seems to be bottomless, because I "click" and "click" and it only fill with a few Satoshi. <Freebitcoin faucet>  Grin

My other wallets only receive bitcoins, when I buy or trade bitcoins and Crypto currencies. You will never have to worry about these things, because wallets will never get "filled" and it will only become harder and harder to obtain bitcoins in the future.

Remember, faucets are only 1 way of obtaining bitcoins.  Roll Eyes

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September 08, 2018, 06:19:36 AM
 #45

As of now, more and more users are getting the hang of sitting by their computers all day and they get paid millions through the help of bitcoins. What they earn is more than what they had in real life which makes life convenient and easier.

Who are these users? Not many people took part in Bitcoin's early days, where the gains (up to now) are so impressive. And I think most people from the earlier stages also sold most of their coins early. I sure made the mistake of selling too early -- years ago -- and most people I've talked to have made the same mistake.

On the other hand, bitcoins are really helpful and accessible to everybody or to a group of individuals and they just click and their wallets get full. But what if, sometime in the future, bitcoins become more private and unaccessible? Will that cause a problem? What could've happened to us who were engaged in it first rather than the newbies to come?

The ledger is public and transparent. On the current trajectory, bandwidth and storage requirements are unlikely to make running a node inaccessible for most people. Price-wise, early adopters are always better off. But in terms of usability, I think the combination of Lightning and other protocols with the infinite divisibility of BTC will keep Bitcoin accessible. Late adopters just won't be able to afford much of it.
I agree. A small percentage of users became millionaires thanks to Bitcoin or some other altcoin mostly because of HODLING until the right moment. I along with many other investors regret selling our coins and tokens early due to some reason or another, but this is the truth. If everyone could become millionaires by simply trading Bitcoin and other altcoins, there would be no reason to slave away in some 9 to 5 job dreaming of millions.

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September 08, 2018, 06:35:47 AM
 #46

As of now, more and more users are getting the hang of sitting by their computers all day and they get paid millions through the help of bitcoins. What they earn is more than what they had in real life which makes life convenient and easier.

On the other hand, bitcoins are really helpful and accessible to everybody or to a group of individuals and they just click and their wallets get full. But what if, sometime in the future, bitcoins become more private and unaccessible? Will that cause a problem? What could've happened to us who were engaged in it first rather than the newbies to come?
Well said but what did you mean unaccessible? If this happens then no one can use bitcoin and the value will likely to collapse as long as you have internet connection bitcoin is accessible everywhere no one can control bitcoin because it is decentralised only network failure can bring it down. 

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September 08, 2018, 06:53:25 AM
 #47

Well, bitcoins might be less accessible if most of the people would not want to sell them, the price would go up even more dirastically. In terms of access, they still will be traded on exchanges so if you've got fiat, you can buy it.
No, in my opinion, in the future BTC will be a strong penny and developers will optimize using BTC, so I think that electronic money will become the major currency in the future.
Yes, I agree with your opinion, bitcoin will become more accessible in future. Everyone will make use of it to do transactions as well as to make payments.
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September 08, 2018, 07:12:13 AM
 #48

I should definitely get me one of those wallets where you just "click" and then the wallet gets filled. It looks like my wallet seems to be bottomless, because I "click" and "click" and it only fill with a few Satoshi. <Freebitcoin faucet>  Grin

My other wallets only receive bitcoins, when I buy or trade bitcoins and Crypto currencies. You will never have to worry about these things, because wallets will never get "filled" and it will only become harder and harder to obtain bitcoins in the future.

Remember, faucets are only 1 way of obtaining bitcoins.  Roll Eyes


Yes the OP is possibly looking through rose tinted glasses at what is happening
because i used to click and click with my wallet but the amount got smaller. Not
everyone in this crypto space is being made millionaires.

Anyway, accessing bitcoin will be the same but it will become harder and harder
to aquire bitcoin as the fiat value rises.
so $100 buy in today will start anyone off with approximately 0.0156BTC when
Bitcoin reaches a FIAT value of lets say $30,000 that same buy in of $100 will
only yeild 0.00333BTC

R


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cryptoking252
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September 08, 2018, 12:22:28 PM
 #49

Minign would not be an issue because now even with the simple home computer we can attain them. But if the people are reluctant to sell them, then there might be an issue of getting our hands on them.
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September 08, 2018, 12:42:10 PM
 #50

As of now, more and more users are getting the hang of sitting by their computers all day and they get paid millions through the help of bitcoins. What they earn is more than what they had in real life which makes life convenient and easier.

On the other hand, bitcoins are really helpful and accessible to everybody or to a group of individuals and they just click and their wallets get full. But what if, sometime in the future, bitcoins become more private and unaccessible? Will that cause a problem? What could've happened to us who were engaged in it first rather than the newbies to come?
i think this will be the challenge of bitcoin developer on how they will accommodate bulk of transactions per as more people will utilize their platform. Also some altcoins had already thinking of it to fasten and enhance their capability for the future costumers. 
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September 08, 2018, 03:50:11 PM
 #51

We all know that the availability of BTC is not abundant. And keeping that in mind, there is a possibilty that BTC will be tough to acquire in the future.
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September 08, 2018, 04:01:08 PM
 #52

although bitcoin brings a decentralized system but I think the technology used by bitcoin will remain safe, they will always develop this technology. if it will happen later, then what is the right reason that bitcoin cannot be accessed? maybe because there is no internet connection
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September 08, 2018, 04:09:12 PM
 #53

less access to bitcoin means more demand and lesser supply which will result in higher price. if there are new regulations added to bitcoin trading as well as if the government decides to impose high amount of tax then i guess it'll be harder for the general public to buy or sell bitcoin.
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September 08, 2018, 04:11:08 PM
 #54

As of now, more and more users are getting the hang of sitting by their computers all day and they get paid millions through the help of bitcoins. What they earn is more than what they had in real life which makes life convenient and easier.

On the other hand, bitcoins are really helpful and accessible to everybody or to a group of individuals and they just click and their wallets get full. But what if, sometime in the future, bitcoins become more private and unaccessible? Will that cause a problem? What could've happened to us who were engaged in it first rather than the newbies to come?
Rule rules must always be present to keep up with developments in order to make it better and safer in the future, maybe now the use of crypto is very easy and free, but in my opinion there is a possibility that in the future there will be an adjustment for crypto which will change the way crypto is used, For example there might be a tax for crypto.
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September 08, 2018, 04:14:07 PM
 #55

Well, bitcoins might be less accessible if most of the people would not want to sell them, the price would go up even more dirastically. In terms of access, they still will be traded on exchanges so if you've got fiat, you can buy it.
No, in my opinion, in the future BTC will be a strong penny and developers will optimize using BTC, so I think that electronic money will become the major currency in the future.
Yes, I agree with your opinion, bitcoin will become more accessible in future. Everyone will make use of it to do transactions as well as to make payments.
It will depend on the rules imposed by the government in the future, if the government officially legalizes bitcoin then there will definitely be a good development of bitcoin, many parties will adopt bitcoin and of course there will be many merchants who accept bitcoin, of course that bitcoin will easier to access.
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September 08, 2018, 04:18:22 PM
 #56

if the government officially legalizes bitcoin then there will definitely be a good development of bitcoin. Anyway, accessing bitcoin will be the same but it will become harder and harder to aquire bitcoin as the fiat value rises.
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September 08, 2018, 04:19:18 PM
 #57

I don't understand your point, Bitcoin is an open and public network. Anyone can enter into it, and there is no personal nature to Bitcoin, so those who are new to Bitcoin will find it difficult to access it. Bitcoin will continue to be open forever.
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September 08, 2018, 04:33:17 PM
 #58

I feel that 21 million of coins are enough for the population of the world but we also need to think about the manipulators who are definitely holding a huge amount of coins and that might create a difficult situation for the crypto industry. However, I am fairly hopeful that, as time passes by, Bitcoin will become easily accessible to people but for that, we need to start treating it like a mode of payment, not a shortcut to become millionaire.
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September 08, 2018, 04:50:24 PM
 #59

I don’t think that the bitcoin will be inaccessible. Because bitcoin is the most widely and popular cryptocurrency among all. So, there is no chance of becoming inaccessible in the future.
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September 08, 2018, 04:53:51 PM
 #60

Not sure if you have understood the decentralization feature of bitcoin which clearly says that there is not authority who will be controlling the circulation of Bitcoin. Though manipulators are there but still Bitcoin was designed in a way so that everyone gets their fair share of chance to afford and get their hands on Bitcoin. So, the whole idea of it becoming inaccessible is quite baseless right now.
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