FelippeHeinz
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April 04, 2019, 06:19:47 PM |
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For sure! Cryptocurrencies are the future of the global financial system. The road will be long, we will face many difficulties, from the adoption by people to prohibitions on the part of governments. There is a lot at stake.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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FelippeHeinz
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April 04, 2019, 06:29:20 PM |
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What we call today 'FIAT' is just a piece of paper without any ballast, money needs to be a scarce resource, like precious metals, for example.
However, precious metals like gold can not be used on a day to day basis, so they are restricted to the value reserve. Cryptocurrencies on the other hand are easily divisible, allowing their use as a means of payment in our daily lives.
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hahay
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Leading Crypto Sports Betting & Casino Platform
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April 04, 2019, 08:23:02 PM |
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real money will always be there anytime. real money will coexist with digital money to facilitate everyone's economic activity. we can choose to use digital money or fiat money according to the needs and flexibility of transactions, so that all financial transactions do not experience obstacles and the transaction process is short and accurate. Fiat currencies and digital currencies are very useful for us.
Yeah right the future of real money has become on our own choice. The cashless society will be experienced by the people who want to, as we know crypto currency has fast transaction all over the world people probably would like to use crypto or digital currency instead of real money, so I think future is all of crypto currency only. That means fiat and crypto will always be side by side behind the many resistance we know so far, digital currency is indeed very useful as a more flexible payment system and in this case I don't think anyone needs to die just because they want to prove or determine who is more stronger and better. |
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cydrix
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April 07, 2019, 03:15:28 PM |
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Well see about that whether it will put it up to that point of billing. But I think it would not be impossible in the distant future, there will be a lot of space for improvement so maybe they can somehow make a system or feature which we could potentially use conveniently as by scanning our phones of body modifications such as chips in our body enabling us billing without putting much effort of handing paper money out of your pocket
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jjjfff
Copper Member
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Activity: 182
Merit: 18
Crypto.BI
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April 07, 2019, 03:21:11 PM |
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What we call today 'FIAT' is just a piece of paper without any ballast, money needs to be a scarce resource, like precious metals, for example.
However, precious metals like gold can not be used on a day to day basis, so they are restricted to the value reserve. Cryptocurrencies on the other hand are easily divisible, allowing their use as a means of payment in our daily lives.
Modern economic theory says that the Fed can print as much money as they want as long as it does not generate inflation. They keep tabs on inflation. If inflation is low then they can print more money. That's where the problems begin: only big banks have access to this cheap Fed money. Basically they print money for themselves and everyone around the globe works all their lives to keep inflation low. We work for the Fed and their partner banks. Since they keep printing trillions in debt, we have to work more and more, exponentially, to keep the pyramid system going. I don't know how such a system is accepted by everyone. Basically you have a couple dozen banks around the world accumulating most the existing wealth. 2008 exposed all this when banks were bailed out. Lemonade stands don't get bailed out, mom and pop shops don't get bailed out. Banks do. I see Bitcoin as the new ballast. Impossible to print more Bitcoins for your banking buddies, impossible to do anything shady because it's all public. |
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n0ne
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April 07, 2019, 04:29:46 PM |
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real money will always be there anytime. real money will coexist with digital money to facilitate everyone's economic activity. we can choose to use digital money or fiat money according to the needs and flexibility of transactions, so that all financial transactions do not experience obstacles and the transaction process is short and accurate. Fiat currencies and digital currencies are very useful for us.
Yeah right the future of real money has become on our own choice. The cashless society will be experienced by the people who want to, as we know crypto currency has fast transaction all over the world people probably would like to use crypto or digital currency instead of real money, so I think future is all of crypto currency only. That means fiat and crypto will always be side by side behind the many resistance we know so far, digital currency is indeed very useful as a more flexible payment system and in this case I don't think anyone needs to die just because they want to prove or determine who is more stronger and better. Bitcoin is all about the technology success, as a result more fiat too is getting integrated with the blockchain. This way in the future cryptocurrency and fiat can coexist, if this isn't happening also the growth of cryptocurrency will continue. The growth of cryptocurrency will not make any impact or change in use of fiat. The usage of fiat will continue along with the cryptocurrency. |
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Adriano2010
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April 09, 2019, 05:51:46 PM |
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I think in future there we will still use both, crypto and fiat money, and when i say fiat money i also reffer to payments with credit cards, but in future crypto will be used more that is now, and this can only be good.
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Ailmand
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April 10, 2019, 09:14:42 AM |
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[bif i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?[/b]
Everything is being influenced by the latest technology these days and it includes digital money. It is being used and making transactions easier. However, I believe that no currency can replace physical money. As for me, it is the best currency and nothing could replace it. |
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fasdorcas
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April 11, 2019, 02:04:51 PM |
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As time goes by, the problem of volatility that is obsessed with bitcoin will be solved. Adoption will also increase over time, and it will attract attention. The main is that at this time in which situation and in what position bitcoin will be. If it goes on without being "guilty", we will get good results.
Time itself is not going to resolve the issue of the huge volatility of the market and it is very easy to know why, right now there are very few people using bitcoin at all but during the next decades it is possible that we will get hundreds of millions of people using bitcoin or even billions of people which means that the volatility of bitcoin will go up as more and more people try to get it and at the same time it becomes more scarce due to the halving. Over the last 2 years, my friends and I started using Bitcoin and Ethereum 5 times more, this is at least. Cryptocurrency is a very convenient payment method. Yeah, cryptocurrency is really cool and I usually use it sending and receiving money between me and some of my friends that are making use of it, though a lot of them has quit from it cause they feel like it is no longer interesting as it used to be. But apart from that, I have also made use of Bitcoin to buy things online about four times (got scammed the fourth time and decided not to use it in buying online again) there is no security for buyers who make use of it. At the same time, those altcoins OP is seeing, majority of them are not going to survive for long. Some of them are just here for business that's why we have a lot of coins that are shit coins and you should really avoid them. When they make enough money they will dump everything on you and there will be no way you're getting out of it. None of them is going to be a future method of payment. |
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travwill
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April 12, 2019, 08:55:22 PM |
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The world is moving towards complication and acceleration, and the things around us change under this influence, for example, money goes into a more complex (digital) format, but at the same time the process of their use is greatly accelerated. That is the way the real money will be developed.
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Naida_BR
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Activity: 980
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April 12, 2019, 08:58:30 PM |
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The world is moving towards complication and acceleration, and the things around us change under this influence, for example, money goes into a more complex (digital) format, but at the same time the process of their use is greatly accelerated. That is the way the real money will be developed.
We have already moved towards a new digital era. The fact that will make us take this step to the next level is to adopt a new way of payment method that is faster than the ordinary and traditional way. Cryptocurrencies is one option that can make it happen. |
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Pattart
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April 13, 2019, 08:47:59 AM |
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real money will always be there anytime. real money will coexist with digital money to facilitate everyone's economic activity. we can choose to use digital money or fiat money according to the needs and flexibility of transactions, so that all financial transactions do not experience obstacles and the transaction process is short and accurate. Fiat currencies and digital currencies are very useful for us.
right, digital money will be an option to transact. and of course this will not turn off the real money step. and I think crypto will still be a secondary transaction tool, besides real money I think whatever money is either digital or cash is real money too, and if you ask about the future form of money, I would say that the digital currency will dominate or even be fully used, but we know that it takes a very long process |
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Bitcoinwalks
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April 13, 2019, 09:04:09 AM |
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cryptocurrency has a potential role in our monetary system! This is just my opinion, i am either wrong or correct!
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freedomgo
Legendary
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Activity: 3094
Merit: 1146
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April 13, 2019, 09:55:14 AM |
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cryptocurrency has a potential role in our monetary system! This is just my opinion, i am either wrong or correct!
You only said potential, of course there is. People call it the new form of money in the future as we are heading to a digital age or if we are not already at that stage now. Bitcoin is decentralized, people can transact without the need of 3rd party and this is more transparent than the current system, so the potential is high. |
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xvids
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April 13, 2019, 10:06:15 AM |
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[bif i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?[/b]
Well in the Philippines they are already accepting virtual money payment. We could easily pay with our Bitcoin for our Bills and other stuff through our local wallet called Coins . |
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Godday
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April 13, 2019, 01:50:35 PM |
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I think in future there we will still use both, crypto and fiat money, and when i say fiat money i also reffer to payments with credit cards, but in future crypto will be used more that is now, and this can only be good.
we better see how the future of crypto will progress whether crypto can still survive and be used by many people or the conditions are different from today. but for now we certainly have to believe that crypto will grow, and can be used for the future. because the development of crypto also significantly affected the financial market. |
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semobo
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April 13, 2019, 03:14:07 PM |
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cryptocurrency has a potential role in our monetary system! This is just my opinion, i am either wrong or correct!
You only said potential, of course there is. People call it the new form of money in the future as we are heading to a digital age or if we are not already at that stage now. Bitcoin is decentralized, people can transact without the need of 3rd party and this is more transparent than the current system, so the potential is high. Still there is a barrier for bitcoin to be used as curreny which is high volatility on its prices,if people want it to be used as currency in future everywhere then it need to have stable value and acceptability everywhere which looks not possible in the near future. |
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kr105
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April 13, 2019, 03:25:46 PM |
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Well, obviously crypto will be evolving in future and digital currencies will have a bigger part in our lives. But on the other hand there is still long way to go.
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Best Dreams
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April 14, 2019, 07:43:28 PM |
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[bif i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?[/b]
Well in the Philippines they are already accepting virtual money payment. We could easily pay with our Bitcoin for our Bills and other stuff through our local wallet called Coins . Yes I have heard about it too, in Philippines there are so many places where people use only crypto currency and the people of Philippines are taking the real benefit of having bitcoin, crypto currency is the best way to pay for goods it is time savior and it allows people to work and pay for goods at the same time, so I think within no time real money will be vanish from market. |
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BennyK
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April 15, 2019, 02:34:11 AM |
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The future of real money is digital currencies. In our contemporary world, people prefer convenience hence the use of paper money is gradually fading out of the system because it is very cumbersome to carry huge sums of paper money along. Cryptocurrency will then take the lead of the digital currencies because it offers tremendous advantages over the other forms of digital currencies in terms of speed, security, transaction costs etc.
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