What comes after Bitcoin?

[thirsten]

Widespread use of cryptocurrency is inevitable. Whether or not it's mainly Bitcoin is irrelevant.

BUT, what comes after all of this? We are so focused on crypto's use being an inevitability and speculating on future value to make money when such profit potential will not last.

Once cryptocurrency is universally used, it won't make sense to keep it as an investment as the price will stabilize.

After the widespread use of crypto is realized, the ultimate representation of how everything has become digitized (even value), the rest of our lives will also have mostly become digitized.

Being hooked to computer screens and smartphones will turn into being hooked on perfect simulations in virtual reality where everything is cheap and our minds can theoretically live on indefinitely for next to nothing. Value won't even have to be exchanged for the most part as consumerism will be obsolete.

https://en.wikipedia.org/wiki/Digital_immortality

Anyone else question where this will ultimately lead? What do you think?

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[davis196]

I don't believe that the world will become so "digitized" as you describe it.What about the poor countries in the third world?Do you think they will become "digitized"?However,to answer your question about what comes after bitcoin.My answer is...nothing.
The blockchain technology might be adopted in various industries,but all cryptocurrencies will become obsolete.

[thirsten]

I don't believe that the world will become so "digitized" as you describe it.What about the poor countries in the third world?Do you think they will become "digitized"?However,to answer your question about what comes after bitcoin.My answer is...nothing.
The blockchain technology might be adopted in various industries,but all cryptocurrencies will become obsolete.

I do think the poor countries in the world will also be affected. Satellites will soon make internet access a global "right." https://www.geekwire.com/2018/spacex-gets-set-launch-first-prototype-starlink-satellites-global-internet-access/

Why do you think cryptocurrencies will become obsolete? What indicator are you basing this prediction off of?

[thirsten]

Once cryptocurrency is universally used, it won't make sense to keep it as an investment as the price will stabilize.

Quick question op, are the Fiat currencies that are universally used stable?. Bitcoin won't give as much ROI as it usually does holding so the only option will be trading just as the fiat currencies are traded between themselves in the forex market, so will bitcoin and other cryptocurrency be traded. That's why bitcoin is the solution, it's decentralized, digital, can be used as an assets also used as a currency at the same time.

Stable enough to be trusted to hold a relatively steady value and make transactions with.

You're right about bitcoin being the solution to be used as both a currency and an asset. This won't change, but it won't have as much potential as an asset if it's value stops moving so much one day. Its ultimate use lies in buying things with it, which we have yet to witness on a large scale.

What I'm trying to say is that this will lead to a digitized future where maybe consumerism and buying things (100-200 years) might not be apart of everyday life.

[Twentyonepaylots]

I don't believe that the world will become so "digitized" as you describe it.What about the poor countries in the third world?Do you think they will become "digitized"?However,to answer your question about what comes after bitcoin.My answer is...nothing.
The blockchain technology might be adopted in various industries,but all cryptocurrencies will become obsolete.

I do think the poor countries in the world will also be affected. Satellites will soon make internet access a global "right." https://www.geekwire.com/2018/spacex-gets-set-launch-first-prototype-starlink-satellites-global-internet-access/

Why do you think cryptocurrencies will become obsolete? What indicator are you basing this prediction off of?

  We don't know really on what to become on Bitcoin in the market, all of the negative news are affecting the crypto market, the consumer's behavior or level of confidence are dropping as shown on the market, a lot of sell off as the price value of Bitcoin dive further, i am still optimistic on the market recovery after such market drops as posted, one should look into the market movement, it seem the market is stabilizing now at the level of 4k but a lot of negative speculation on the status, is this the new resistance level of Bitcoin? will it goes up again? a lot of question which affect the consumer's confidence level. Be patient instead and wait....

[nrm4bits]

I do think the poor countries in the world will also be affected. Satellites will soon make internet access a global "right

So poor people will have access to the world wide web, they will have the right to be online. It's not a bad idea but ... can you imagine a post on facebook saying:

"What's up people!! Here we are me and my bodies starving day after day. Click like and you'll feed us!"

Before making internet "a global right" there are major problems that must be solved.

[hanifhadzar]

Innovation certainly will always be present to follow the times, and I am sure there will be great discoveries like Bitcoin in the future, but Bitcoin is very difficult to replicate especially to be replaced because it has blockchain technology that is able to solve problems in everyday.

[Dudeperfect]

Bitcoin or any other cryptocurrency deserves to be treated as a payment system due to the words currency associated with it. However, most of us are treating it as a speculative instrument which is causing diversion of the fundamental principle of it. The role segregation is crucial when it comes to the user of the digital system. We must be able to identify the difference between digital and normal life.

[dothebeats]

This came out straight from a sci-fi novel, I presume? Jk, but yeah, it is highly unlikely that bitcoin would still be seen as an investment should everything in the future be digitized, as it will be more sensible to use bitcoin as a currency by then. Also, I generally don't agree to the sentiment of others who commented that the world wouldn't be as digitized as you envision it. Mind you, it's only 30 years since the advent of the internet and look at the changes that we have had by then. Even third-world countries will catch up, with the exception of course of their marginalized communities that will surely trail behind. It will begin on the financial system first, followed by most services next. It will be inevitable, and bitcoin will surely be a part of that digital future.

[drumamat]

This came out straight from a sci-fi novel, I presume? Jk, but yeah, it is highly unlikely that bitcoin would still be seen as an investment should everything in the future be digitized, as it will be more sensible to use bitcoin as a currency by then. Also, I generally don't agree to the sentiment of others who commented that the world wouldn't be as digitized as you envision it. Mind you, it's only 30 years since the advent of the internet and look at the changes that we have had by then. Even third-world countries will catch up, with the exception of course of their marginalized communities that will surely trail behind. It will begin on the financial system first, followed by most services next. It will be inevitable, and bitcoin will surely be a part of that digital future.

Agreed.The world is being digitized very quickly.In General, the world is moving faster and faster.Therefore, the use of bitcoin in any case will be ubiquitous.I think in the next 5-10 years, all of humanity will approach the technological singularity.And without Bitcoin is not enough.

[teilwalL05]

Digital immortality is a possibility in the future, But life itself is not forever if ones stored his memory in a copy of himself this sure looks like him but not him as a whole, If we are defying what God had created us as a person that life is not forever in this world then this kind of idea is defying GOD's plan for us (in a bible senses of idea) But maybe we can use the idea of a digital self and we could use blockchain in storing our memory in a digital world the possibility is there but a human is not immortal cryptocurrency is.

[Red-Apple]

cryptocurrency is never going to be universally used. but bitcoin might. and there is a big difference here.

as for speculation, it will continue for as long as bitcoin has a value. do you think US dollar is not being speculated and used for investment? it does and it is called Forex market!

[sacred32700]

I think the next one is the Ethereum althought the bitcoin is can also convert into Ethereum

[X-Ray.12]

After Bitcoin and other currencies, we will use Virie. It will be the new currency of the world. It will use a distributed exchange network. This network will allow the users to buy and sell currencies, commodities and services without the use of third-party services, exchange houses and similar mechanisms, which can take advantage of their position.

[bitcoindusts]

I don't believe that the world will become so "digitized" as you describe it.What about the poor countries in the third world?Do you think they will become "digitized"?However,to answer your question about what comes after bitcoin.My answer is...nothing.
The blockchain technology might be adopted in various industries,but all cryptocurrencies will become obsolete.

I believe that the world will be digitized.  But it will not happen overnight.  Remember development?  Though each country have their own pace on how fast or slow they will develop.  Third countries, or worst than third countries will cope up.  Communication is fast so knowledge distribution will also be fast.  And once cryptocurrencies become obsolete, that means the world is already in a far more advanced digital era.

[Kotone]

Widespread use of cryptocurrency is inevitable. Whether or not it's mainly Bitcoin is irrelevant.

BUT, what comes after all of this? We are so focused on crypto's use being an inevitability and speculating on future value to make money when such profit potential will not last.

Once cryptocurrency is universally used, it won't make sense to keep it as an investment as the price will stabilize.

After the widespread use of crypto is realized, the ultimate representation of how everything has become digitized (even value), the rest of our lives will also have mostly become digitized.

Being hooked to computer screens and smartphones will turn into being hooked on perfect simulations in virtual reality where everything is cheap and our minds can theoretically live on indefinitely for next to nothing. Value won't even have to be exchanged for the most part as consumerism will be obsolete.

https://en.wikipedia.org/wiki/Digital_immortality

Anyone else question where this will ultimately lead? What do you think?

We have seen a very fast changes in the last 20 years that have managed to be done by 100 years in the past or longer so we can expect to have it shorter by the next 10 years. And this would be very much applicable in the world's financial system as well. So the next bitcoin or any digital form of currency would be created in a speed. But the question is could it stay longer.

[CryptoRama]

Once cryptocurrency is universally used, it won't make sense to keep it as an investment as the price will stabilize.

Quick question op, are the Fiat currencies that are universally used stable?. Bitcoin won't give as much ROI as it usually does holding so the only option will be trading just as the fiat currencies are traded between themselves in the forex market, so will bitcoin and other cryptocurrency be traded. That's why bitcoin is the solution, it's decentralized, digital, can be used as an assets also used as a currency at the same time.

Wow I agree, finally someone who understands. Sure fiat also isn't stable, since usually goes devaluing it self over time because there is just too much of everything, but we still must not forget that bitcoin is some sort of a scam too. Maybe to me and to you that's not the case, but to someone who doesn't get it, or doesn't look into it, would not know, thus driven only greed and after that loss of money. And we must not forget, we are making those who are rich even richer. So grab as many bitcoins as you can when cheap and sell when mooning high...good luck

[loveinberlin]

I think that btc is the best coin, which means much to traders because i have bought several coins when they cost cheap and now I hope to sell them at a good price to earn money

[musharaf]

Bitcoin is the true valuable currency and it has no other competitors in the present time i think that bitcoin will change the activities of the world and world will be rely on it but now we have fiat so we can not judge the true picture of the bitcoin and crypto is very valuable for the businesses of future like artificial intelligence is the future businesses and in my opinion nothing will come after bitcoin which can take the place of bitcoin.

[mensahkkofie]

Bitcoin is certainly the future of digital currency in the world. I believe all that we are waiting for at the moment as stakeholders is the increase in the level of acceptance among the populace. There is no digital currency that can challenge the popularity of bitcoin in the world and this is a fact that everyone can attest to it.