xWolfx
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April 20, 2019, 02:26:55 PM |
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Yeah, the issue that you mentioned is actually true. But honestly, those are just small issues that can be fixed anytime. The laws will change once bitcoin becomes widely used. It won't create much of a problem. Besides these problems, there are more huge problems that we need to fix. Once everyone starts to adopt using bitcoin, can the network be able to handle all those thousands of transactions together? Will the fee remain the same or will it skyrocket proportionally? Will people be able to adopt with it? Can it be used as a regular currency? These are the main issues and problems we need to think about.
I agree. After(Important) Bitcoin is widely adopted/used and stabilized then it could be implemented worldwide even without too many issues if humanity choose to do so someday. It ultimately depends on the lawmakers and big banks who can make the decision first and then the implementation in an ordered way to make sure it happens without too many issues. But will Bitcoin be someday the sole currency of the whole world? Maybe it could be main one, but i doubt that it will be the only one.
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traderethereum
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April 20, 2019, 03:45:16 PM |
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Whether or not the electronic money through the future is easy is a difficult question. Firstly, in terms of economic integration, this is very difficult now because each country has its own face value and money, it is difficult to synchronize, another difficulty is that the legal is unclear because each country has one private law. Secondly, the political, military, and information technology are uneven, leading to access to electronic money is not virtual reality. So how to solve this problem?
It's hard to solve this problem if all people especially if they are in the government officials don't want to open their mind, thinking about a new change for a better world. They need to realize the reality that the technology being grow fast and we are in the new era which new technology will come to us. But the fact, they keep saying negativity of cryptocurrency and they say that the blockchain is a bad thing for every people because they never learn the benefits of bitcoin for their life. How can we get a better life without doing something to open our perspective from the new things that will help us to get a better life? They all have their interest and purposes without thinking that something is going to change in this world. Much new technology invented and not just cryptocurrency but the fact, they are not responsive, and even they reject and deny the truth. But let the time will answer this question and time will change everything and they will realize the truth.
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rodel caling
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April 20, 2019, 10:39:58 PM |
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Whether or not the electronic money through the future is easy is a difficult question. Firstly, in terms of economic integration, this is very difficult now because each country has its own face value and money, it is difficult to synchronize, another difficulty is that the legal is unclear because each country has one private law. Secondly, the political, military, and information technology are uneven, leading to access to electronic money is not virtual reality. So how to solve this problem?
That's is real even now bitcoin and the whole virtual crypto currency is harder to accept by other because of many reason like you said. But I still believe all prolem have a solution . Your just making things worst,first bitcoin will never replace those currency that you are mentioning so whats the problem being bothered by this?all the existing fiat will remain so there is a plenty of things that can be used bitcoin.Japan is a well develop country and we know how strong their Yen is,but did they bother to made issue for crypt?ofcourse not because what they did is accept and adopt this technological currency to their economy [/quote] Well" you had a point but sooner bitcoin is the most important thing than fiat money in the future and I believe until the new technology going to growing up including bitcoin because is part of the new technology.
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samcrypto
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April 20, 2019, 10:43:25 PM |
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I don't see any difficulty if a country will adopt bitcoin as method of payment.
Secondly, we don't even have to think about virtual reality, crypto is a crypto, as it is.
Getting bitcoin in the future will become more easy because of that adoption by every country, and bitcoin will be the center of online money. Bitcoin can’t resolve the problem in politics or any personal interest because bitcoin was made only for financial transations and becomes a good investment. If one country will stopped this market, othet country will adopt more because they know bitcoin is good.
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FlightyPouch
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April 20, 2019, 11:00:39 PM |
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Bitcoin can go alongside with a country's currency. Since Crypto currency is decentralized, no one has control over it even the government so there will be no problem even though it exist the same way the currency of a country exist. The only problem would be, if government will apply regulation over Bitcoin, they could not control it but certainly they could regulate it.
Well, it is decentralized so the government has no control over it but they can control its legalization in the country. They can ban Bitcoin and other crypto currencies in the country, they have the power over it. I think the only problem Bitcoin has in the future is its price and volatility and also the support from people and the government.
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shimbark123
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April 21, 2019, 02:15:24 PM |
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Firstly, in terms of economic integration, this is very difficult now because each country has its own face value and money, it is difficult to synchronize, another difficulty is that the legal is unclear because each country has one private law.
This type of problem does not make everybody answer what that country's decision is. You can never get back to the decision of the government unless citizens make their moves. Secondly, the political, military, and information technology are uneven, leading to access to electronic money is not virtual reality. So how to solve this problem?
The political, military does not answer to this. In US, they are protecting dollar as the national currency that is used in the world. It is the power of dollar. But, bitcoin, who owns bitcoin? None. If there is, an anonymous person.
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GelaiThePom
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April 21, 2019, 03:11:36 PM |
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We will have more problems on the future with bitcoin than what we’re facing right now. Specially when bitcoin go really big that it really rivals fiat money. Demographics is one of them, people age 50 and above is not that techie anymore according to some studies and we will have problem introducing bitcoin to them. This past few months, I’m educating my parents, whose age are 51 and 58, how to use bitcoin and some of the exchanges including coinbase and bittreo. They invite some of their friends to use it and they’ve got a good referral bonuses of up to 30% so they’re happy with it and at the same time educating people on the same age bracket.
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mirakuru79
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April 21, 2019, 06:09:58 PM |
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market potential by looking at market capitalization in general and they compare it to total world liquidity. one of the best trading strategies used by upper class people, Bitcoin is already popular I think this is the reason why getting a big market. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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maxreish
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April 21, 2019, 10:57:35 PM |
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Why are you being pessimistic about the bitcoin's future? Let us just face it with positive outcome. Yes, each country has already a fiat with value but they are already welcoming bitcoin as a cryptocurrency and as an investment and there is nothing wrong if we will adopt btc and use it as a digital payments.
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cryp24x
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April 21, 2019, 10:59:21 PM |
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I think there is no problem about Bitcoin in the future. Don't think that is a replacement but in fact it is an alternative way for payment system. We are now in the digital world, banks also uses electronic money, even companies uses their loyalty points as digital money. That was the very principle of digital currency. We are using it widely now and it really proven effective.
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Remainder
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April 22, 2019, 05:36:48 AM |
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Let me rephrase it to comment on your statement "Bitcoin is the Future", so whether we like it or not its the future. Gold is been around for a thousand years now, does gold had a hard time maintaining its current status as one of the commodity? Now think of bitcoin or block chain in general, is the world ready for it(the future)?
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pushups44
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April 22, 2019, 05:40:28 AM |
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Whether or not the electronic money through the future is easy is a difficult question. Firstly, in terms of economic integration, this is very difficult now because each country has its own face value and money, it is difficult to synchronize, another difficulty is that the legal is unclear because each country has one private law. Secondly, the political, military, and information technology are uneven, leading to access to electronic money is not virtual reality. So how to solve this problem?
As bitcoin is decentralized and censorship resistant, it's not clear that countries can do much to suppress it in the long run, especially as their currencies fail. Should the bitcoin price reach astronomical heights, the people will be able to buy it in fractions, or satoshis.
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killat
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April 22, 2019, 06:08:16 AM |
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It is not that difficult as Bitcoin has not been created to replace fiat money or national currency, but to bring a better alternative of centralized banks.
If adoption rate will increase in the future, this will be great for Bitcoin and its supporters.
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kentrolla
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April 22, 2019, 10:54:52 AM |
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It is not that difficult as Bitcoin has not been created to replace fiat money or national currency, but to bring a better alternative of centralized banks.
If adoption rate will increase in the future, this will be great for Bitcoin and its supporters.
Main problem is price if it is not increasing as per expectation then supply and volume might be low and demand will not be there. This result in centralisation of crypto in the market.
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Rodriguez1994
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April 22, 2019, 10:58:30 AM |
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Whether or not the electronic money through the future is easy is a difficult question. Firstly, in terms of economic integration, this is very difficult now because each country has its own face value and money, it is difficult to synchronize, another difficulty is that the legal is unclear because each country has one private law. Secondly, the political, military, and information technology are uneven, leading to access to electronic money is not virtual reality. So how to solve this problem?
In my opinion, in the future bitcoin will grow stronger so there will be no problem getting bitcoins. Don't worry too much, everything will be fine
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DBronze98
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April 22, 2019, 11:11:14 AM |
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Whether or not the electronic money through the future is easy is a difficult question. Firstly, in terms of economic integration, this is very difficult now because each country has its own face value and money, it is difficult to synchronize, another difficulty is that the legal is unclear because each country has one private law. Secondly, the political, military, and information technology are uneven, leading to access to electronic money is not virtual reality. So how to solve this problem?
First, every country can issue its national Cryptocurrency to circulate and not need to move with other countries because you can exchange it through exchanges. Second, crypto cannot destroy or create even when World War 3 takes place. Exchange and buy-sell activities will easily happen also if the worst happens. It can solve current problems, but it needs approval from countries.
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muratsink
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April 22, 2019, 11:49:42 AM |
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I think, support from the government is a very important point and greatly influences the development of crypto. Government regulations will safeguard every investor's assets and every crypto user.
then, a very important point is about the spread of the crypto world to the public. this is our job, and we cover every problem related to the crypto world, like the negative assumptions that come from the public. we must be able to direct the public to positive assumptions about cryptocurrencies, so, the public enthusiasm for crypto will increase.
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sgenuine
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April 22, 2019, 12:02:00 PM |
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Yeah, the issue that you mentioned is actually true. But honestly, those are just small issues that can be fixed anytime. The laws will change once bitcoin becomes widely used. It won't create much of a problem. Besides these problems, there are more huge problems that we need to fix. Once everyone starts to adopt using bitcoin, can the network be able to handle all those thousands of transactions together? Will the fee remain the same or will it skyrocket proportionally? Will people be able to adopt with it? Can it be used as a regular currency? These are the main issues and problems we need to think about.
I agree. After(Important) Bitcoin is widely adopted/used and stabilized then it could be implemented worldwide even without too many issues if humanity choose to do so someday. It ultimately depends on the lawmakers and big banks who can make the decision first and then the implementation in an ordered way to make sure it happens without too many issues. But will Bitcoin be someday the sole currency of the whole world? Maybe it could be main one, but i doubt that it will be the only one. There were many attempts of different governments to regulate Bitcoin, but all of them failed. It is almost impossible until you have access to the Internet. Hope, in the future, we will have fewer problems with getting BTC.
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markstivn98
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April 22, 2019, 12:05:51 PM |
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Whether or not the electronic money through the future is easy is a difficult question. Firstly, in terms of economic integration, this is very difficult now because each country has its own face value and money, it is difficult to synchronize, another difficulty is that the legal is unclear because each country has one private law. Secondly, the political, military, and information technology are uneven, leading to access to electronic money is not virtual reality. So how to solve this problem?
Many countries and many big companies support this technology. They believe in the future of bitcoin . In contrast, I do not think countries will give up their currencies in exchange for digital currencies.
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lyks15
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April 22, 2019, 12:51:50 PM |
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I think the only solution in this problem is acceptance. First in acceptance of bitcoin by netizens all over the globe and when bitcoin is already embraced by all people government will have no choice but accept the fact that bitcoin is the key for a better life in terms of payment system or even in investment.
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