The next 5 years

[pixie85]

Saylor and Elons meeting about mining seem to be going forward to regulating miners which eventually the pools will also be cebtralized like only the environment friendly miners can mine or join pools.

what they are doing will prevent anyone who has power source to earn BTC. next 5 years all the solar panel and wind turbines will be sold  with a very high price from china.

I don't feel like Musk can bring anything good to Bitcoin. His involvement will only mean more drama since he's not completely sane.
One day he will praise it the other day he'll say it sucks, pretty much like he just did. Now suddenly he wants to help it, but with first difficulties he could change his mind and again criticize it, because with  his projects he's never at fault. It's always someone else.

I hope that in the next 5 years we'll progress towards faster and cheaper transactions. I don't hope for any so called green mining because we don't need it. The banking system uses much more power than Bitcoin and nobody does anything about it. Bitcoin's carbon footprint is a straw man argument.

[electronicash]

Saylor and Elons meeting about mining seem to be going forward to regulating miners which eventually the pools will also be cebtralized like only the environment friendly miners can mine or join pools.

what they are doing will prevent anyone who has power source to earn BTC. next 5 years all the solar panel and wind turbines will be sold  with a very high price from china.

I don't feel like Musk can bring anything good to Bitcoin. His involvement will only mean more drama since he's not completely sane.
One day he will praise it the other day he'll say it sucks, pretty much like he just did. Now suddenly he wants to help it, but with first difficulties he could change his mind and again criticize it, because with  his projects he's never at fault. It's always someone else.

I hope that in the next 5 years we'll progress towards faster and cheaper transactions. I don't hope for any so called green mining because we don't need it. The banking system uses much more power than Bitcoin and nobody does anything about it. Bitcoin's carbon footprint is a straw man argument.

exactly. who are they representing, are they the leader of this industry?
the miners somehow are part of the network, let's just say they have a say when it comes to consensus but boi. if you have seen the reaction on twitter, it's a mess, a flame was ignited. it would have been good if they make the meeting live on youtube for everyone to have single reference than everyone piecing together their tweets.

[clippers]

I think the most important thing for Bitcoin in the next five years is to connect with other public chains such as the Ethereum chain through decentralized technology. To be honest, applications such as DEX or various lending products are on the Ethereum chain. BTC on the BTC chain can only be used for value storage and cannot be used for other investments. This is actually what Gavin Wood is trying to accomplish, linking different public chains together, so that BTC has practical applications not only as a store of value.

[so98nn]

Considering the current throughput of blockchain, bitcoin transactions won't be seeing any good days in terms of its fees and transaction speed. I mean even if you prioritise your transaction with fees as high as $ 27- $ 37 (latest mycelium fee ) then also it is not guaranteed that it will be confirmed immediately.

It takes around 10-15 minutes for this to happen. I mean if I am paying for premium service then I need premium benefits back.

The operations may get centralised based on the use of electricity and carbon emission ratings. Since billionaires are up raising the issue of mining and its harm to the nature, government may get dragged into the matter real soon.

Harnessing power of social media is getting bold these days. With bitcoin, it's intense and hot topic. Unfortunately I have no speculations regarding pricing because that's just got complex analysis considering anyone can change the price with single tweet. 

[iTradeChips]

Saylor and Elons meeting about mining seem to be going forward to regulating miners which eventually the pools will also be cebtralized like only the environment friendly miners can mine or join pools.

what they are doing will prevent anyone who has power source to earn BTC. next 5 years all the solar panel and wind turbines will be sold  with a very high price from china.

I don't feel like Musk can bring anything good to Bitcoin. His involvement will only mean more drama since he's not completely sane.
One day he will praise it the other day he'll say it sucks, pretty much like he just did. Now suddenly he wants to help it, but with first difficulties he could change his mind and again criticize it, because with  his projects he's never at fault. It's always someone else.

I hope that in the next 5 years we'll progress towards faster and cheaper transactions. I don't hope for any so called green mining because we don't need it. The banking system uses much more power than Bitcoin and nobody does anything about it. Bitcoin's carbon footprint is a straw man argument.

exactly. who are they representing, are they the leader of this industry?
the miners somehow are part of the network, let's just say they have a say when it comes to consensus but boi. if you have seen the reaction on twitter, it's a mess, a flame was ignited. it would have been good if they make the meeting live on youtube for everyone to have single reference than everyone piecing together their tweets.

Given the billionaire status of Elon Musk, that might have given him a bit of a "God complex" in my opinion - I mean as far as cryptocurrency is concerned. We could not discredit the man much as he did made some revolutionary strides in some industries, but of course I still see him as a businessman. And businessman's goal is to raise profits. That is what he is doing with crypto now, he is trying to use his influence to earn more and more to finance his projects. And the crypto losers are simply helping him fund those projects.

[kryptqnick]

It's hard for me to choose one event, but I'm pretty sure the biggest problem will be high fees and slow transactions. As more people start using Bitcoin, what we currently see only from time to time (usually during the bulling market) with $40 fees can become the new normal unless some solution becomes truly popular (I don't think the Lightning Network can succeed in this because it failed to gather enough users over the years). It might be an off-chain solution, but I think it will be something else because many are against off-chain solutions. Perhaps strict legislation against crypto fraud and zero-confirmation transactions for sums below $50 in physical shops will become popular because it's the simplest solution. Maybe something smarter that we didn't think of yet. The biggest risk of a hard fork will be if someone figures out how to make BTC way more scalable but it requires serious changes.

[c_atlas]

Perhaps strict legislation against crypto fraud and zero-confirmation transactions for sums below $50 in physical shops will become popular because it's the simplest solution.

The only thing I have against zero-conf transactions is if you submit a tx with a sufficiently low fee, it may get kicked out of the mempool before it's added to a block.

I'm not sure that the risk is really comparable to starbucks accepting tap without signature or pin for low cost tx's via credit card, since there's only going to be so many people buying coffee with a stolen card. OTOH, everyone who bought coffee could pay 1 sat per byte, and then during high network congestion, all those low tx fees would be dropped from the mempool. It could result in days of every crypto tx being lost.

[elisabetheva]

Maybe there would be a lot of things that may happen before the year 2025,  there will be the next halving that may happen in 2024 so a lot of people will invest in bitcoin again so for sure there are many things that can possibly happen when the price of bitcoin rise again, but when talking about advance in bitcoin then I don't think that 2025 is enough it will take more years, I am also thinking if mass adoption will happen that year as we can now see that bitcoin is now being popular all over the world.

but it is certain that 2025 is where there will be an increase again after the fourth halving which falls in 2024. so it must be remembered that every halving occurs, a year later there will be an increase in bitcoin. as happened in the first and second halving where the following year there was an increase, and the ATH that occurred was always at the end of the year.

I agree with your opinion that there will be many events before 2025, what is certain is this year alone which is a year after the third halving which is expected to increase at the end of the year, although now there is a very deep correction, but it will pass. and whether there will be another correction in the next year, like in 2018, of course we can conclude, but we cannot be sure and we will wait for the time.

In principle, before 2025 it could happen beyond what we think and we cannot know but can predict from previous experiences. but there is always a sense of optimism with the development of bitcoin from year to year which will continue to be more advanced, so if it is true that the halving goes according to predictions then 5 know again the price of bitcoin will be higher.