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Author Topic: The Future of Crytopcurrency  (Read 1429 times)
Angeloben (OP)
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June 13, 2020, 03:19:51 PM
 #1

With blockchain data can be stored in a decentralized public book.

With cryptocurrency, we can make anonymous transactions without centralized intervention.

If you add speed and spread to the public, then the future is cryptocurrency.

How do you think?
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June 13, 2020, 03:39:19 PM
 #2

If you add speed and spread to the public, then the future is cryptocurrency.
More likely, but for sure it takes time. And for me, even cryptocurrency will be widely spread to the public in the future, the traditional way will still not go away, it's still there. That's what I am thinking also in cryptocurrency, it's still like neutral, you can use it or not, you will gonna be decide on it.

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June 13, 2020, 03:50:40 PM
 #3

With blockchain data can be stored in a decentralized public book.

With cryptocurrency, we can make anonymous transactions without centralized intervention.

If you add speed and spread to the public, then the future is cryptocurrency.

How do you think?
You are right but presently crypto is still working to perfection, that isn't going to happen without a fight, Bitcoin struggles to be here today but yet there are still many more wars left for Bitcoin to fight, e.g scammers and many people abstain from crypto space because of lack of regulations

We want full decentralization but government want transparency through centralized, this is not going to be easy

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June 13, 2020, 03:53:15 PM
 #4

the future with the cryptocurrency, but now no cryptocurrency which can give you what you wrote, so when a project will appear that will give you such criteria then maybe this market will begin to move in a positive direction

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June 13, 2020, 03:55:40 PM
 #5

I think cryptocurrency will increasingly develop in the future more and more people are using cryptocurrency and technology owned by cryptocurrency, you should know that now many countries have started to reduce the use of paper money and many have switched to digital currencies and in my opinion digital currency can be said to be cryptocurrency even though it uses different technology but there are many similarities.
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June 13, 2020, 04:13:07 PM
 #6

Indeed crypto is designed as a future currency. it's just that this time is causing controversy, especially with the government. I agree that in the future, fiat and crypto will coexist side by side, and not eliminate traditional methods. using crypto as a transaction also depends on the country's regulations. so it's not that fast to make crypto a world currency, it takes time for it or it could be that in the future crypto will die because there is more sophisticated technology.

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June 13, 2020, 04:13:30 PM
 #7

If we get less shitcoins, scams and incompetent projects then we might see the future of cryptocurrencies sooner or later. There will be future of cryptocurrency, that's for sure since we are progressive society we always take the advantage of being a techie. Especially now that the pandemic teaches us a lesson, digital payments would be a lot more convenient than ever and you already know why. But don't expect that much, we have government that governs us from everything cryptocurrencies are in process.

Trust the process

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June 13, 2020, 04:31:07 PM
 #8

The future is of course of cryptocurrency and blockchain. It's being applied and used everywhere are soon our lives would be filled with them. Though most of them would be highly regulated and our government would love to regulate everything we use and do but there would still be two distinct group of crypto. Regulated ones and the free ones.
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June 13, 2020, 04:33:14 PM
 #9

Look at the first cars, they looked horrible and more like carriages. Everything needs development and time. Crypto currencies are still in their infancy, the technology needs a few more years. However, I think that Ethereum 2.0 is already pretty close to becoming a world wide industry standard businesses of all kind can build their apps upon.
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June 13, 2020, 04:41:51 PM
 #10

With blockchain data can be stored in a decentralized public book.

With cryptocurrency, we can make anonymous transactions without centralized intervention.

If you add speed and spread to the public, then the future is cryptocurrency.

How do you think?
The problem is that we are limited with speed of transactions due to decentralized nature. Something that is decentralized can´t compete with one central server, hope you understand, but it is not a real problem. Many people would choose the trustless protocol rather than one second lasting transactions.  Wink

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June 13, 2020, 04:42:55 PM
 #11

Well, we can't confidentially say for a fact that cryptocurrencies are going to be the payment method for the future globally because we still have some flaws with security every now and then. Until that is solved i don't think we stand the chance of mass global adoption. Also, let's not be too much disappointed when we see the creation of centralized cryptocurrencies in the future for some countries.

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June 13, 2020, 04:47:33 PM
 #12

I am working with cryptocurrency for 5 years and see how this world is constantly evolving. the future has already begun. we see how people begin to realize how useless the current economic model of world money is. cryptocurrency in 10 years will become the main  payment payment tool






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June 13, 2020, 04:47:55 PM
 #13

Which crypto you're thinking when you mentioned: "future is cryptocurrency". Cause right now, I saw a lot of cryptos said exactly the same thing but they still have a few flaws, some even worse. Sure I understand your point about the future but it will be very long to that future if nothing changes.
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June 13, 2020, 04:50:54 PM
 #14

If we get less shitcoins, scams and incompetent projects then we might see the future of cryptocurrencies sooner or later. There will be future of cryptocurrency, that's for sure since we are progressive society we always take the advantage of being a techie. Especially now that the pandemic teaches us a lesson, digital payments would be a lot more convenient than ever and you already know why. But don't expect that much, we have government that governs us from everything cryptocurrencies are in process.

Trust the process

You are very right bro. Thanks
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June 13, 2020, 04:54:15 PM
 #15

With blockchain data can be stored in a decentralized public book.

With cryptocurrency, we can make anonymous transactions without centralized intervention.

If you add speed and spread to the public, then the future is cryptocurrency.

How do you think?
Absolutely and also remember that blockchain tech and cryptocurrencies are not limited to this but with new generations of blockchains we now have smart contracts, tokenization, dApps and Defi projects alongwith automation and much more things we can do with the use of this revolutionary tech which clearly indicates that in future this tech will be everywhere and early adopters will be the happiest guys in few years.

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June 13, 2020, 05:34:09 PM
 #16

we can't deny that crypto is growing and many countries are already using crypto as a means of payment, of course with the development of technology all countries must accept crypto as the main payment maybe 10-20 years from now we can see crypto ATMs everywhere

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June 13, 2020, 05:43:47 PM
 #17

If we get less shitcoins, scams and incompetent projects then we might see the future of cryptocurrencies sooner or later. There will be future of cryptocurrency, that's for sure since we are progressive society we always take the advantage of being a techie. Especially now that the pandemic teaches us a lesson, digital payments would be a lot more convenient than ever and you already know why. But don't expect that much, we have government that governs us from everything cryptocurrencies are in process.

Trust the process
You can't stop them. You know, its a "decentralized" system. All we can do is just avoid those shit coins. Give them no attention at all and stick and support the ones that are legit and has been in the market from the beginning or is truly showing their interest on developing the whole crypto system.
But sadly, there are people who still fall for those stupid projects and invests on those which encourages more scammers to come up with new scam project!

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June 13, 2020, 06:07:50 PM
 #18

Cryptocurrency is technology-based, which leaves this investment open to cyber attacks. Hacking is a serious risk, since there is no way to retrieve your lost or stolen bitcoins. According to popular opinion, these are the three main contenders to become the next big cryptocurrency.

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June 13, 2020, 06:11:20 PM
 #19

Ordinary people still have very little idea about blockchain, but as time goes by, people are slowly getting interested in it.
The advantages and disadvantages of maintenance are slowly being understood by all.
Japan launches Bitcoin withdrawals at ATMs, various forex brokers launch Bitcoin deposit withdrawals, various e-commerce sites adding cryptocurrencies as payment methods. In this way, the introduction of cryptocurrency will gradually increase.
Chuky92
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June 13, 2020, 06:55:34 PM
 #20

That's right and i agree with you. Blockchain has shown a new way of storing data which of course is welcomed by a good number of people. Cryptocurrencies on the other hand is bringing a new definition to money and as usual accepted by a good number of people too. Talking about speed and spread, I think both goes together where lack of speed is most times seen as the cause why blockchain is not yet massively adopted. Nevertheless, with the level blockchain has attained I believe the future is bright and it's only a matter of time for mass adoption to take place; this pandemic has also contributed in bringing more limelight and attention to the crypto space.

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