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Author Topic: Will "hyperbitcoinization" become a reality?  (Read 700 times)
Maximo Spohn
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November 18, 2022, 02:48:48 AM
 #61

As far as I know, there are still many countries that ban Bitcoin. Global “hyperbitcoinisation” must first address national regulations banning bitcoin. The exchange of Bitcoin still relies on fiat currency. How to get Bitcoin if you don't have fiat currency?
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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November 18, 2022, 04:16:28 AM
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Absolutely. Adaptation is already light years ahead of where we were, even just one or two years ago.  These things do take time and it will not come overnight, but just like the internet was supposed to be a fad, I think we will find Bitcoin becoming a integral part of the fabric of society within (most) of our lifetimes, though it may take many, many more years for this phenomenon, maybe even after the last coin in mined...
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