The Future of Bitcoin Technology.

[AjithBtc]

Truly, it has been said that we should create the future we want to see. In order words, if you want tomorrow to be great, then start working on it today.

That is how the software industry has developed and transformed from one forms to another until we now have the powerful software that support bitcoin, which are; Blockchain, Cryptography and Internet.

Here are what I’m thinking. The future is not far from us in software technological breakthrough.

1.The future of work is Contributor and not employee.
2.The future of platforms, systems and institutions is decentralization and not centralization.
3.The future of contract is smart contract and not trust contract.
4.The future of money is crypto and not fiat.


In your own opinion, what will be the impact of this revolution to ;
1.The governments.
2.To business.
3.To Individuals.
4.To World bodies such as IMF, UN, WTO etc

The universe of millions and millions, what you've mentioned can be applicable within limits. For example those mentioned strategies or the development can be easily implemented with good results on low populated nations. No doubt in it, the software development around the world has made a big change in the global economy as well as in the easy of every process that takes hours and hours.

For sure the system of contributor without employee won't be possible just because of the development. It is a human thing, another thing is the decentralization. If a polling has been conducted you can get the true answer for it.

[thesmallgod]

I am not certain any financial institution will adopt a decentralized system without government adoption. This is because most financial institutions are regulated and under the umbrella of the government. Secondly, the usage of crypto in lieu of crypto will increase but I am not sure if the future is a digital currency when we still have a lot of illiterates that are being presently compelled to use the traditional banking services not to talk of cryptocurrencies that require better knowledge and understanding

[Benefactor]

Truly, it has been said that we should create the future we want to see. In order words, if you want tomorrow to be great, then start working on it today.

That is how the software industry has developed and transformed from one forms to another until we now have the powerful software that support bitcoin, which are; Blockchain, Cryptography and Internet.

Here are what I’m thinking. The future is not far from us in software technological breakthrough.

1.The future of work is Contributor and not employee.
2.The future of platforms, systems and institutions is decentralization and not centralization.
3.The future of contract is smart contract and not trust contract.
4.The future of money is crypto and not fiat.


In your own opinion, what will be the impact of this revolution to ;
1.The governments.
2.To business.
3.To Individuals.
4.To World bodies such as IMF, UN, WTO etc

Bitcoin technology will improve a lot in the future. I don't see any alternative to improving Bitcoin's technology without going under a government. In the near future, anything can be purchased at home with it. Just waiting for the day when bitcoin will get full world recognition.

[fiulpro]

Truly, it has been said that we should create the future we want to see. In order words, if you want tomorrow to be great, then start working on it today.

That is how the software industry has developed and transformed from one forms to another until we now have the powerful software that support bitcoin, which are; Blockchain, Cryptography and Internet.

Here are what I’m thinking. The future is not far from us in software technological breakthrough.

1.The future of work is Contributor and not employee.
2.The future of platforms, systems and institutions is decentralization and not centralization.
3.The future of contract is smart contract and not trust contract.
4.The future of money is crypto and not fiat.


In your own opinion, what will be the impact of this revolution to ;
1.The governments.
2.To business.
3.To Individuals.
4.To World bodies such as IMF, UN, WTO etc

First thing, the government and the big companies will never favour decentralization , this is how they earn money and dominance in the first place , do you think they will give it up ?

The government will for sure take any precautions they can if they see Bitcoins and other cryptocurrencies being too famous .

It's not about it's applications and what's better , it's about : will they allow it ?

How they can allow it :
I do think in democratic countries we already have laws concerned with privacy and free will , maybe we can turn up to the government and remind them that they work for us not the other way around and make sure cryptocurrencies are given freedom of existing at least.

Plus government and the business companies are actually seeing these cryptocurrencies as a form of money making scheme at the same time the network provides 100% transparency , so they are forming a long term scheme named : digital dollar , digital rupee , digital yuan and stuff like that .
These are not cryptocurrencies these are Fiat.

But cryptocurrencies is a revolution , the government have realized this by now therefore I do think we will see more financial freedom , more stability , better facilities and more options in the coming future.

[uneng]

In your own opinion, what will be the impact of this revolution to ;
1.The governments.
2.To business.
3.To Individuals.
4.To World bodies such as IMF, UN, WTO etc

As I see you can put governments and world bodies such the ones mentioned by you together, as they have the same interests, plus they will act on the same direction towards bitcoin, in other worlds: against the called *revolution*, although I don't like this term very much.
On the other side there are some businesses and individuals who are really freely and act independently. Do you really think they can stand against so powerful forces wishes? It looks a lost battle for me... What some people want doesn't matter when you look who is on the opposite side and how powerful they are.

[danggoron]

I am not certain any financial institution will adopt a decentralized system without government adoption. This is because most financial institutions are regulated and under the umbrella of the government. Secondly, the usage of crypto in lieu of crypto will increase but I am not sure if the future is a digital currency when we still have a lot of illiterates that are being presently compelled to use the traditional banking services not to talk of cryptocurrencies that require better knowledge and understanding

It is true. Conventional financial institutions are currently implementing a centralized system, under centralized government oversight. The centralized work system is almost entirely contrary to the system applied to bitcoin. So it is almost absurd to adopt a decentralized system. that may be adopted is the blockchain technology, if we all know that there are already many companies and institutions that use this to maximize performance.

[Wexnident]

Nope, Nuh uh. The world you're basically talking about is a world where rules can go to hell. Well, not to the worst extent it could get, but somewhere there. The world where Crypto is above fiat is asking for something similar to central governments disappearing. They're basically useless at that point since, hell, what can they even do when we use crypto as you said right? And that's why it wouldn't happen, cause they wouldn't allow it in the first place.

Plus, the issue accounts for the world asking for liberation from the centralized government we have right now. The majority aren't agreeing with how the government works (mostly due to corruption inside) and yet, they don't change the government but rather change the ones in the government right? They won't agree to a centralized body disappearing since that means they themselves would have to do things on their own. We're innately lazy ngl, and most of what we do is to make our lives easier, so going for a decentralized system worldwide might actually just bring negative effects instead of positive ones. Still, a compromise must be met since decentralized systems are also needed at times here and there though.

[KrisAlex18]

The reaction of the government about cryptocurrency is not good, we all know that cryptocurrency is decentralized on which government is separated on it, they cant put a tax on it but there are some articles that government is planning to put a tax on cryptocurrency for some countries.

The reaction of the people is good for me because even me I am so glad about this cryptocurrency, I am very thankful because I have learned things about it before I think I always wasting my time for some unproductive things because it doesn't benefit me, thankfully I have learned his cryptocurrency which helps me through my finances and it makes me spend my time on productive things.

[Shasha80]

1. The government => Certainly the government is trying to regulate, so that it can be centralized and become taxable income.
2. To businesses => Many merchants will accept payments with Bitcoin and maybe in the future some employees will be paid with Bitcoin.
3. To individuals => Everyone will make transactions using Bitcoin, payment will be cashless. Bitcoin eventually became a global currency.
4. To world bodies such as IMF, UN, WTO etc => Become an alternative to donations and will also be used as a safe haven.

Indeed the future of Bitcoin is still a mystery, we must use Bitcoin for positive things. So the value of Bitcoin will increase, then there will be
mass adoption and I hope Bitcoin can be an alternative payment. If all this happens it must be in the end the government can accept the presence
of Bitcoin.

[Reid]

The government knows about it.
They heard it.
They have seen it.

But why don't we see innovation?
Not even a single news if they are already starting to innovate or upgrade into this new kind of technology?
They have seen holes.
Not holes of errors from the technology but for them.
Transparency for all the funds they will use.
Then privacy for the people. No way they will approve for that.

[svaboda54]

Bitcoin is affecting the economy and banks right now. At a time when the economy is collapsing, bitcoin is stable.

[amishmanish]

The problem with the future coming at us is that the authorities have too much power and they can always control it. This control is being exerted now on bitcoin with the talk about government issued crypto, which simply does not make sense. What is government issued crypto other than the existing forms of transferring money via "wire" and updating numbers on a centralized server?

Government issue cryptocurrency can never be a replacement for bitcoin. The strength of bitcoin is in its decentralized, p2p nature. We are the ones who give it value by using it. When organizations and other rich evangelists start getting involved, that is when, we have a chance that different countries will see their own benefit in supporting crypto. This is driven by the opinion and interest of general population as well as the desire for control by different governments. The media seems to be playing its role alright. Yet, the problem is with usage. Bitcoin has become a too dependent on traders and speculators while the usage is coming a little too slow.

[concept2]

It might take many years before we can fully apply all of these hypothetical in our real life. Many things existing blocks us from achieve those goals. We've already had the technologies for many years, but still, the lack of resources and funds keeps us stand at one place time over time. Government is also the main problem. Everything right now is centralized. Do you think that the government will give up everything just to accept a decentralized system ? People have put their trust on the government over thousands of years and if this system collapse, I cant imagine how big the chaos will be. 

[Metazen]

All of them ; governments , businesses , individuals... It has banks worried, because cryptocurrency eliminates the need for their services. Since they don't have to pass through multiple hands, transactions take place much more quickly. It also has caused concern because it's become harder to regulate financial activity, which has especially interesting implications on the international level.

[lumeire]

All of them ; governments , businesses , individuals... It has banks worried, because cryptocurrency eliminates the need for their services. Since they don't have to pass through multiple hands, transactions take place much more quickly. It also has caused concern because it's become harder to regulate financial activity, which has especially interesting implications on the international level.

Since the usage of cryptocurrencies has eliminated the banks from the equation, the demand for escrows have become more and now a days the scams related to cryptocurrencies has tremendously grown. You can see on telegram and many other messaging apps that if two persons are trading then the one which sends first get easily scammed as there aren't any charge backs and bitcoin itself is pseudonymous so the receiver can easily get away with the money.
About cross border sending of funds and relation of bitcoins to money laundering, you will always see a slippage in sending huge amounts of bitcoins so it isn't feasible at all to do such trades with bitcoins.

[Metazen]

All of them ; governments , businesses , individuals... It has banks worried, because cryptocurrency eliminates the need for their services. Since they don't have to pass through multiple hands, transactions take place much more quickly. It also has caused concern because it's become harder to regulate financial activity, which has especially interesting implications on the international level.

Since the usage of cryptocurrencies has eliminated the banks from the equation, the demand for escrows have become more and now a days the scams related to cryptocurrencies has tremendously grown. You can see on telegram and many other messaging apps that if two persons are trading then the one which sends first get easily scammed as there aren't any charge backs and bitcoin itself is pseudonymous so the receiver can easily get away with the money.
About cross border sending of funds and relation of bitcoins to money laundering, you will always see a slippage in sending huge amounts of bitcoins so it isn't feasible at all to do such trades with bitcoins.

You are right unfortunately. A scam is a way to steal money from people under false pretenses.  Currently, the cryptocurrency market is not regulated enough to protect people from scams, so that is why it is such a common thing among users of digital currencies.

[dongosquad]

~
In your own opinion, what will be the impact of this revolution to ;
1.The governments.
2.To business.
3.To Individuals.
4.To World bodies such as IMF, UN, WTO etc

I pay less attention to its impact on other fields, I just focus on the impact on my personal life. What is clear, bitcoin gives me many opportunities to develop myself with truly effective innovations. There is nothing to fear as long as we equip ourselves with the basic knowledge to be able to adapt to the cryptocurrency ecosystem. Take advantage of our potential to maximize opportunities. How about state regulations? We also need to review this, we must understand how the government regulates bitcoin, even though we want financial freedom, it does not mean we do not care about government rules. Be a good citizen, and maximize the opportunities of the innovations offered by bitcoin.

[Wenbing]

The near future of Bitcoin signifies not a substitute for fiat money however an alternative to people who want to take part in a more liberating fiscal system.  As authorities continue to put down the regulatory base for this new technology, volatility and risks will gradually dissolve to a brand new product which will bring exceptional creation to the world of fund.  Therefore, if you are considering departing the marketplace for great due to market conditions, maybe you ought to give that another notion.  Not only can it be time to HODL more vigorously than before but it is among the greatest times in the past several years to go into the marketplace.

I believe in this too. I believe that volatility can be controlled and subjected. When will this happen? It'll happen when the government put regulations in place the same way fiat is being regulated.

Crytptocurrencies could be an alternative as said above to fiat currency

[Chris Barth]

Of course, we all know what most government has to say(they disagree). However, I think that individuals and businesses would benefit the most. To be more specific, I'd say businesses would really benefit. It's more like a promotion thing.

[kezinaur14]

My first wish is that Bitcoin should go under a government. The whole world is making it more acceptable with Bitcoin under one country. Its use will increase day by day and it will be used as many payment systems. It is true that if Bitcoin is approved by a government, then the laws of that country must be obeyed. Anyway I want Bitcoin to go under a government first.

I think it'd be better to frame this as "bitcoin be legal under any ruling government" rather than "go under a government", kinda sounds like a single government should control the network which is more than obviously a flawed philosophy.

Many governments have come to terms slowly but surely to the idea of bitcoin, I don't think it will be long until a country officially accepts bitcoin within its borders, legally.