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[Karartma1]

2140 — Nobody uses fiat money anymore

After more than a hundred years Bitcoin rules the universal monetary system. All the planets allied with Earth use bitcoin to send fund back and forth among each other at the speed of light via the Lightning Solar Powered Network.

Add that to the list, please. 

[davis196]

In the first two quarters of this year,we were expecting Bitcoin to be massively adopted by institutional investors and big corporations.Then Elon Musk started trolling BTC,the Bitcoin price crashed and all the institutional investors,that were showing interest in BTC simply stopped expressing interest for BTC.
I know that Bitcoin adoption won't be a steady and predictable process.There will be huge obstacles and there will be times,when many companies and people will dump Bitcoin.
 

[Welsh]

Great so I'm part of the nerdy drug dealer stereotype apparently as it was some time around 2012-2013 I would have actually taken notice of Bitcoin, and then finally signing up here in early 2013.

We've all been through a lot with Bitcoin, and it is quite surprising if you take a moment, and look back at what effect it has had on the world. People often talk about Bitcoin being unsuccessful as a mainstream currency, but I would argue that its already achieved what it was setup to do. Prove to people that you don't need to rely on a third party to manage your funds, and you can dictate your own freedom.

After more than a hundred years Bitcoin rules the universal monetary system. All the planets allied with Earth use bitcoin to send fund back and forth among each other at the speed of light via the Lightning Solar Powered Network.

I understand this was a joke, but my immersion, and wishful thinking got ruined when you hinted at other planets being colonized by year 2140. Otherwise, I'm with you

[Kong Hey Pakboy]

Too bad that I only know about bitcoin back in 2013 but never got curious enough to do some research about it although I don't have much technical knowledge back then and I don't have money to buy my own bitcoin back then and I was still in 8th grade and playing games is the biggest priority back then. I think that the image accompanying the post is a pretty good one because it basically tells how stupid people are for doubting how bitcoin works and how it can change their lives.

[zanezane]

In the first two quarters of this year,we were expecting Bitcoin to be massively adopted by institutional investors and big corporations.Then Elon Musk started trolling BTC,the Bitcoin price crashed and all the institutional investors,that were showing interest in BTC simply stopped expressing interest for BTC.
I know that Bitcoin adoption won't be a steady and predictable process.There will be huge obstacles and there will be times,when many companies and people will dump Bitcoin.
 

It's not trolling, it's manipulation, you make his actions look like it's to be taken lightly which shouldn't be. Also, we just have to wait for this so called adoption because it will come in due time, think of this time as a slack for the people to get in while it's not yet too late because the prices will only go up much more than just a 100k and will only have more financial institutions adopt bitcoin.

[ropyu1978]

although for now bitcoin has not become a mainstream currency, but at least bitcoin has reached its peak, and the person who issued bitcoin, now must be smiling, and happy, because the bitcoin he created is not in vain, and can benefit others, this is a very extraordinary achievement, built from scratch, there are certainly many who laugh, no one cares, some even say it's a scam, but the evidence is real, until now its existence can still be enjoyed by all users..

[acroman08]

I guess I was a scammer 

joking apart, It's great to see how bitcoin started from nobody uses it, to countries making it as a legal tender in their country. that being said the journey is still far from over. there will always be ups and downs(no pun intended) that will challenge Bitcoin and I hope bitcoin will prevail through it all.

[o_e_l_e_o]

I understand this was a joke, but my immersion, and wishful thinking got ruined when you hinted at other planets being colonized by year 2140. Otherwise, I'm with you

It only took 66 years between the first powered human flight to landing humans on the moon. It's not unreasonable to think we'll have a colony on Mars in the next 120 years.

It does pose an interesting thought experiment about how bitcoin adoption could work for a multi-planetary society. Communicating at the speed of light between Earth and Mars takes between 3 and 22 minutes depending on the relative positions within their orbits. Mining on Mars would be impossible, as that size of deficit would usually mean that any blocks found by Mars miners would already be rejected by the time they reached Earth. Even the highest paying transaction could take well over an hour to be broadcast to Earth, mined, and then the new block broadcast back to Mars.

There's no real reason Lightning wouldn't work in its current form, just with delays to channel opening and closing as described above. Or maybe we end up with a separate Mars blockchain, with atomic swaps or similar between the two chains.

[oHnK]

BTC is a great invention which use technology as a solution for financial system issues. Everything in this world has their own milestone and same like BTC. For the beggining until now, BTC has grown too. I know BTC since I was a student of university then my friend introduced me BTC as a new investment choice, but I still unbelieve with BTC. Because I dont understand about investment and I dont know anything about them. In my head, investment is saving money in the bank account or saving gold or buy a house. I dont understand how coin who invisible can make u become a rich, but we can see know how great BTC is.

[ranochigo]

Actually, at the end of 2013, sites like Baidu started to adopt Bitcoin for a while so that gave rise to it's credibility.

The issues that you've highlighted, misconception of Bitcoin is largely due to the negative sentiments surrounding it as well as the userbase amplified by its properties. The lack of motivation to change the status quo results in the majority of the population being unwilling to research and understand Bitcoin. If you were to see the bigger picture, the investment into Bitcoin by certain companies could potentially carry various agenda. For the countries, perhaps a political one.

Do you consider people investing by purchasing Bitcoin, users or investors? They are very different terms and for the recent years the usage has largely stagnated due to increased fees and whatnot. It isn't a good sign for any "mass adoption".

Mass adoption is inevitable and Bitcoin's reach will become even more widespread in the next 10 years.

I disagree. "Past performance is not indicative of future trends". There are very specific reasons why Bitcoin became more well-known, and that if you're interested in Bitcoin at all, then you probably would've considered adopting it already. Governments are not letting go of their stranglehold on the currency with their fiat and it is simply too difficult to push those people to adopt Bitcoin, especially not risk-takers. Mass adoption is not inevitable, at least not with the current network and/or the various issues that has plagued Bitcoin throughout. There is bound to be a point where Bitcoin's adoption will plateau, whether you consider that "mass adoption" depends on your threshold.

[OcTradism]

Great topic and after reading the topic, I invite you go listen to the song: Ode to Satoshi and another song Not This Time (The Bitcoin Obituaries Song). It looks perfect for the market now.

Some infographics

[sheenshane]

2013 — Only drug dealers use Bitcoin
...
2014 — Only scammers use Bitcoin

Glad to know not only Bitcoin has been improved, but also authorities have now the capability to seize Bitcoin that come from fraud, each month or years we have heard the news that there are criminals who have been caught by the authorities and there's more, a third-party service that can able to trace and track down Bitcoin transactions to those fraudsters and they even think that using Bitcoin is fully anonymous, they're wrong.

I witnessed from 2017 and until now Bitcoin has a great improvement, even though there's a struggle when it comes to mass adoption just because the governments wanted a regulation towards Bitcoin but it proves that this isn't a barrier at all to have mass adoption and becomes the price hit into a new all-time high.

Have you already bought bitcoin for long-term storage?

Sad to say, I'm not prepared yet.

[ranochigo]

In the next 10 years, the reach of bitcoin will become even more widespread.

Again, this is pure speculation. Bitcoin's reach is mostly bounded by the ability of the people to use it, given the high penetration of internet and internet connected devices, it wouldn't be a stretch to assume that there isn't loads of growth to be made in that aspect. I mentioned in my previous post about the difference between adoption and investments; adopting entails actively using it as a currency to serve its purpose. I would argue that it doesn't really matter until bigger economies start to endorse and accept Bitcoin. Based on the resistance by the various government, I'm not so sure if it'll happen soon. Firms are largely also investing in Bitcoin in hopes for it to rise, which defeats the purpose of Bitcoin as a currency and making it a speculative asset as well.

In 10 years, anything can happen. Will Bitcoin finally be able to scale, with little conflict? Will the government or firms still be willing to endorse Bitcoin once the FOMO blows over? It's completely uncertain; everyone saw the true colors of Tesla after a couple of weeks, perhaps everything that has happened so far is a facade for a different agenda. It'll be a sweeping statement to assume that Bitcoin will rise in the long term; it can very well be but there are obviously various shortcomings of Bitcoin that are either innate or difficult to solve.

I witnessed from 2017 and until now Bitcoin has a great improvement, even though there's a struggle when it comes to mass adoption just because the governments wanted a regulation towards Bitcoin but it proves that this isn't a barrier at all to have mass adoption and becomes the price hit into a new all-time high.

The price is not indicative of the adoption rates.

[Welsh]

It only took 66 years between the first powered human flight to landing humans on the moon. It's not unreasonable to think we'll have a colony on Mars in the next 120 years.

I believe we will likely have a colony on mars, but its unlikely to be a fully functional place to live. It'll likely be experts placed there, so that they can effectively build infrastructure, and colonize the planet. Its unlikely to have a currency, and will likely be employees of various different space companies. However, the reply did imply that there would be multiple planets using Bitcoin, and at the moment its only really Mars that we have any hope for, and we don't know if we'll be able to effectively create a sustainable living there, without help from those back at Earth. Too early to tell, but even if we could, I don't see massive amounts of development in 120 years.

There's no real reason Lightning wouldn't work in its current form, just with delays to channel opening and closing as described above. Or maybe we end up with a separate Mars blockchain

A separate Mars blockchain would probably be the best bet. Although, like I said I can't see the development of mars requiring a currency for a while. Depending on how successful we are at colonizing the planet, it would likely take many years for there to be an actual need.

It'll be a sweeping statement to assume that Bitcoin will rise in the long term; it can very well be but there are obviously various shortcomings of Bitcoin that are either innate or difficult to solve.

There's some obvious shortcomings that people tend to ignore. Now, I'm not saying that there's another cryptocurrency that does it better, not currently. However, I have said this before, but I believe Bitcoin isn't the ultimate solution to our problems, but rather the building block; the foundation. I'm not sure if Bitcoin will be able to solve its issues within its limitations, reaching some sort of consensus, and succeeding as a currency.

Yes, I agree. Incorrectly expressed his thought, or rather it will be like this: As you can see, over 12 years, bitcoin has made a huge leap in terms of adoption, from a handful of bitcoin geeks to entire countries. In the next 10 years, the reach of bitcoin will become even more widespread.

Also while I agree with ranochigo that nothing is for certain, the labeling within your little timeline is mainly how the media portrayed it back then, rather than having any substance behind it. There was plenty of non nerdy characters around dabbling in Bitcoin back in the day too.

[ninkdwi]

a simple illustration, but you have provided a very complete picture where I, a beginner, can understand it simply. I will save your thread as a means of explaining to all who are close to me and explain based on what I understand from your thread.
that way I have an easy alternative to explain how the history of bitcoin is very briefly.

[o_e_l_e_o]

Glad to know not only Bitcoin has been improved, but also authorities have now the capability to seize Bitcoin that come from fraud, each month or years we have heard the news that there are criminals who have been caught by the authorities and there's more, a third-party service that can able to trace and track down Bitcoin transactions to those fraudsters and they even think that using Bitcoin is fully anonymous, they're wrong.

I am more than a little surprised to see more and more users of this forum, and senior users at that, state an opinion along these lines. Governments, authorities, law enforcement, or any third party having the power to confiscate, seize, reverse, freeze, or otherwise censor some addresses or transactions is absolutely not a good thing.

The whole point of bitcoin is that there are no third parties which can control your coins or censor your transactions. As soon as one third party can seize bitcoin from one user, even if that is a "trusted" authority and the user is a known criminal, then you now have the possibility of malicious third parties seizing coins from innocent users such as you, and bitcoin becomes no better than fiat. Unscrupulous users are the price you pay for censorship resistance, for encryption, for private communications, for Tor, for any piece of technology. If you allow discrimination against some users, then you allow discrimination against any user. Do you really trust all the governments of the world, and all future governments of the world, to treat you fairly?

[franky1]

2009 — Nobody uses Bitcoin

2010 — Only nerdy programmers use Bitcoin

2011 — Only nerdy programmers use Bitcoin

2012 — Only drug dealers use Bitcoin

2013 — Only libertarians use Bitcoin

2014 — Only unbanked use Bitcoin

2014 — Only small companies use Bitcoin

2017 — Only speculators use Bitcoin

2019 — Only whale investors uses Bitcoin

2020 — Only large corporations use Bitcoin

2021 — Only small countries use Bitcoin

FTFY

[Welsh]

The whole point of bitcoin is that there are no third parties which can control your coins or censor your transactions. As soon as one third party can seize bitcoin from one user, even if that is a "trusted" authority and the user is a known criminal, then you now have the possibility of malicious third parties seizing coins from innocent users such as you, and bitcoin becomes no better than fiat. Unscrupulous users are the price you pay for censorship resistance, for encryption, for private communications, for Tor, for any piece of technology. If you allow discrimination against some users, then you allow discrimination against any user. Do you really trust all the governments of the world, and all future governments of the world, to treat you fairly?

Bitcoins inception has been largely lost by the majority of its users. It's treated more like an investment opportunity rather than something that gave freedom to the users to stop relying on third parties. This is probably because in the minds of the people supporting governments gaining more power, likely see that as an opportunity to increase the price of Bitcoin, and to legitimize its use to public opinion, ignoring the actual reason Bitcoin was created in the first place.

Its annoying, but this is the attitude that I'm seeing from all walks of life. 

[Karartma1]

After more than a hundred years Bitcoin rules the universal monetary system. All the planets allied with Earth use bitcoin to send fund back and forth among each other at the speed of light via the Lightning Solar Powered Network.

I understand this was a joke, but my immersion, and wishful thinking got ruined when you hinted at other planets being colonized by year 2140. Otherwise, I'm with you

I've never used the term colonized in fact  I don't buy that shit that we'll colonize Mars and such.
It's worse than that if you wish, I said we're gonna ally with unknown planets which we might don't know now.
F*** Mars
Anyway, yes, it was a joke, but who knows what's really gonna happen, that's so far away.