What's the future of digital currencies?

[zipnoid]

I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.

I'd love to learn more about cool projects and concepts that could be the evolution of blockchain (again, not altcoins please  )

[seoincorporation]

In the next years, we will see a crazy evolution in the hardware and software, All will be different, the cryptography will change, the mining will move to quantum mining, and that will be resumed in fast blockchains, just think about bitcoin but with blocks each second, that will be a crazy evolution for the cryptos.

And now think about a blockchain out of the internet, I know the concept sounds weird, but that would be a crazy step too... not sure how that would work, but we can expect some crazy crypto projects in the next years. Some people call it "Evolution".

[franky1]

bitcoin has a good locking mechanism to then allow iou/pegged tokens in sub networks..
however its on these subnetworks to also enforce a good iou/peg mechanism to associate itself and secure that value emulation to then have a useful sub system.

most/all subnetworks so far have flaws in one way or another. and a few highly promoted ones have many flaws. thus they have not gained traction or responsible value security thus not deemed a safe/viable monetary system. and just instead played around with as a sandbox experiment

we will see new sub networks with better more confident systems of value security (better monetary policy)
alot of people keep saying how things like ethereum have better subnetwork systems and yet ethereum does not have a good independent price discovery sentiment of its market via a different community valuing and deciding on prices in a different speculative market. instead ethereum just traces bitcoins price movements in over 95% of times at a arbitrage rate of 1:13, which means that ethereums own community is not really speculating much in comparison, not finding or discovering its own independent value:premium market sentiment

in short ethereum does not really have much of a independent community away from bitcoin

bitcoin remains king and in the near future can easily dominate even more once it actually achieves certain goals which have been delayed over the last 6ish years

[Bitcoin_Arena]

As technology keeps evolving, and so will all different innovations around. Bitcoin was and has been a very brilliant concept, but I think there is going to be more room for development and evolution.

I would like you to read about e-gold which was existent around (1998-2014). Not information about it, but that wiki page can help open your eyes on why Bitcoin started and how digital currencies are evolving.

[pooya87]

Big innovations like Bitcoin that change the world are always rare. If they happened everyday they wouldn't have been as exciting to watch them unravel. This is one of the reasons why we haven't seen any groundbreaking innovations in this scene.
There is also the problem of greed. Developers at some point started wanting to make money and only caring about profit, so they stopped taking the hard route of invention and started using the simple route of duplication and token creation to make quick and large amounts of money.

[Poker Player]

The future is very difficult to predict. Based on what is there now, we can see the likely things, and we will still err. You can look at the movie Back to the Future, for example, there are some things it got right and some things it got wrong.

Big innovations like Bitcoin that change the world are always rare. If they happened everyday they wouldn't have been as exciting to watch them unravel. This is one of the reasons why we haven't seen any groundbreaking innovations in this scene.

I agree, when the wheel was invented, which marked a before and after in transportation, more than 5,000 years had to pass for another such radical revolution, which was to be able to fly.  What we cannot predict is what we cannot even imagine today. Imagine explaining to someone in 1800 what the Internet was going to be. He couldn't even conceive it. Let alone if you go much further back in time.

In any case, I think the most likely thing for the next say 10 years will be that Bitcoin will continue to exist and revalue in purchasing power, that CBDCs will be implemented and that most shitcoins will go to hell.

[OcTradism]

As technology keeps evolving, and so will all different innovations around. Bitcoin was and has been a very brilliant concept, but I think there is going to be more room for development and evolution.

Human civilization won't stop and many technologies, innovations will be made. Bitcoin is not a first cryptocurrency but it is a first successful cryptocurrency and it has set a solid foundation for other cryptocurrency and blockchain technology.

I believe that Bitcoin will never die and it will be an iconic cryptocurrency.

I would like you to read about e-gold which was existent around (1998-2014). Not information about it, but that wiki page can help open your eyes on why Bitcoin started and how digital currencies are evolving.

Two topics about history of Bitcoin.
The Cypherpunks and Bitcoin. The years before bitcointalk.
The Bitcoin Origins - Explore Bitcoin History and Secrets

[avikz]

I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.

I'd love to learn more about cool projects and concepts that could be the evolution of blockchain (again, not altcoins please  )

Those days are gone! Now the crypto market is full of scammers and meme coins which shouldn't have existed at the first place. But unfortunately with the rise and flexibility of DEXs, it has become extremely easy for anyone to build a meme coin and get it listed in a DEX.

Innovation has definitely not stopped but with the huge amount of competition, it has become very difficult for the innovators to pitch their idea in crypto market.

Unfortunately I haven't heard of any path breaking innovation in the crypto market in recent times.

[swogerino]

I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.

I'd love to learn more about cool projects and concepts that could be the evolution of blockchain (again, not altcoins please  )

I think that Bitcoin was the best invention of our century that we live in and I think that "Satoshi" intentionally left himself anonymous to push more innovators to show their capability by building new projects,better than Bitcoin.

However as time has passed by it also has proven that no other brilliant "Satoshi" exists so far because we have not seen yet such a creation from anyone else,I personally doubt that there are more intelligent and brilliant minds alive in our time than the real inventor of Bitcoin.

[BlackRexuz]

It still looks safe for now, but the increasing number of technological advances that are used in all countries is aimed at one of these, using all-digital so I'm very sure that more and more people will use digital currency, because we are in a digital era, everything  use their cellphones to make money transactions or shop and many more in my opinion for the future, and maybe at this time not all countries have fully implemented digital currency, everything is still in phases..

[rhomelmabini]

I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

Aren't we evolving? The creation of newer solutions make us evolving in the process, we never heard of defi before, NFTs, rollups and other protocols that keep on developing. The huge institutions would never let into crypto if they don't see the massive potential ahead in this space, they know crypto will be huge in the future.

[bitzizzix]

No one really can predict the future of bitcoin for sure, but what I do know is that we are moving towards a more decentralized system where peer-to-peer transactions are faster, safer, and easier.
but I think the future of bitcoin and blockchain is very bright and both will continue to survive, especially blockchain. It has the potential to revolutionize many industries such as finance and healthcare, by providing secure, transparent and immutable records, it can make transactions faster and more efficient.
and besides, its decentralized nature can help reduce or even eliminate fraud and increase trust between parties. And overall, I believe that blockchain technology will be a major part of our future.

[o48o]

I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.

I'd love to learn more about cool projects and concepts that could be the evolution of blockchain (again, not altcoins please  )

"No altcoins" and yet you have written this in Altcoin discussion .
Birth of something completely new would be impossible to predict because no one had even had attempted it, researched and talked about in the forums before.
I think that next big thing already has ton of failed attempts in the market. And my guess it would be related to Digital identity and Zero knowledge tech.

That could honestly change everything. Concept of privatekeys as they are probably also going to change a lot. Because when even experienced users can't always handle them safely, you cant expect normies woud.

[zipnoid]

"No altcoins" and yet you have written this in Altcoin discussion .

I had originally posted this topic on "Bitcoin discussion" but it was moved here 

In the next years, we will see a crazy evolution in the hardware and software, All will be different, the cryptography will change, the mining will move to quantum mining, and that will be resumed in fast blockchains, just think about bitcoin but with blocks each second, that will be a crazy evolution for the cryptos.

I agree. But when quantum computing goes mainstream in the future, won’t this pose a threat to the current security behind crypto?



But thanks all for your interesting point of view and links. I’ll be checking them out!



One thing that worries me about the blockchain is how it will be used by governments to track transactions and tax people. We are already seeing this in the US, where the IRS is investing billions of dollars to track profits. The ledger allows them to go back to any time in the past and go after people for any reason they choose. I see this as a vulnerability of the system. I hope someone will come up with a digital currency that doesn’t rely on a blockchain and can act more as a p2p transaction. But I know this might be impossible to solve without running into the double spending issue.

[Jackl87]

I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.
There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.
I'd love to learn more about cool projects and concepts that could be the evolution of blockchain (again, not altcoins please  )

Well in the end Ethereum is also "just another altcoin" if you see it that way but i think it was Ethereum that was the most important project to bring the crypto space into the mainstream and not bitcoin. The reason for that is pretty simple, Ethereum was the first project that introduced the smart contract functionality into the crypto space and that changed everything. Without smart contracts we would have no tokens, no NFT's and the whole concept of Defi would also not be possible. Dexes would also not be existant.

I have no idea how "the next big thing" could look like but i am sure that if it comes, then it will come pretty much out of nowhere for us normal people.

[zipnoid]

Well in the end Ethereum is also "just another altcoin" if you see it that way but i think it was Ethereum that was the most important project to bring the crypto space into the mainstream and not bitcoin.

To be clear, I wasn't trying to offend any altcoin  I was just trying to protect the topic because I could already see people coming here to shill their coins, saying they are the "Bitcoin killer". I was just trying to keep the topic on a good level.

[Yaunfitda]

I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.

I'd love to learn more about cool projects and concepts that could be the evolution of blockchain (again, not altcoins please  )

Bitcoin will still remain on the top of the foodchain, even though there is no improvement as compare to altcoins project, it is the prime mover so that will remain.

The market has been saturated already, not sure if there is some projects that will come up in the future that will disrupt crypto market again. And those that is coming up is pure hype as they could simply die in the next bear market. So not sure what blockchain idea you are looking for that is not "altcoin related".

[Abiky]

I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.

I'd love to learn more about cool projects and concepts that could be the evolution of blockchain (again, not altcoins please  )

The only thing I can think of is Quantum Computing. This new breakthrough in the world of computing could greatly improve the performance of existing blockchain networks. But I think we're decades away from seeing this becoming a reality anytime soon. Other promising tech seems to be DAGs (Directed Acrylic Graphs) which aim to make crypto faster and cheaper than ever. Bitcoin won't likely change to a DAG anytime soon (especially when there are a lot of security issues tied to DAGs), but at least we have an alternative to existing blockchain tech (with improvements, DAGs could replace blockchains in the future).

I'd say it's a wild guess to tell exactly what breakthrough innovation will radically change Bitcoin for the better. The future is not set in stone, so developers have plenty of time to come up with fresh and new ideas. All I care about is decentralization and censorship-resistance. As long as Bitcoin stays decentralized, nothing else matters. Just my opinion

[Silberman]

I've been wondering recently what's ahead for us in terms of the evolution of digital currencies.

There has been a lot of amazing development with blockchain and cryptocurrencies in general in the past decade. But I wonder if there's anyone working on other ideas or technologies that could also be promising. I'm not talking about altcoins. I mean real breakthrough ideas, similar to what happened when Bitcoin was originally introduced. It would be really exciting to witness the birth of something completely new in the next years/decades. I'm sure we have other brilliant "Satoshis" out there.

I'd love to learn more about cool projects and concepts that could be the evolution of blockchain (again, not altcoins please  )

The most obvious of the revolutions that are coming are quantum computers, this will force bitcoin to change to protect itself from those computers and the potential attacks they could produce, but other than that everything is up in the air, this market is still in its infancy and it can be molded depending on what kind of new technological advancement becomes widespread during the next decades, and this means we have no way to be sure what kind of direction this market will take.

[SUNNY F]

The future is very difficult to predict. Based on what is there now, we can see the likely things, and we will still err. You can look at the movie Back to the Future, for example, there are some things it got right and some things it got wrong.

Big innovations like Bitcoin that change the world are always rare. If they happened everyday they wouldn't have been as exciting to watch them unravel. This is one of the reasons why we haven't seen any groundbreaking innovations in this scene.

I agree, when the wheel was invented, which marked a before and after in transportation, more than 5,000 years had to pass for another such radical revolution, which was to be able to fly.  What we cannot predict is what we cannot even imagine today. Imagine explaining to someone in 1800 what the Internet was going to be. He couldn't even conceive it. Let alone if you go much further back in time.

In any case, I think the most likely thing for the next say 10 years will be that Bitcoin will continue to exist and revalue in purchasing power, that CBDCs will be implemented and that most shitcoins will go to hell.

I very much agree with the above views. I think encryption now needs to improve the infrastructure more urgently, so that more people can come in to understand encryption, make the path of entering this industry more diversified, and regulate some liars and robbers to destroy the encryption industry. Safety.
All those that do not conform to positive energy will be abandoned, and those that conform to healthy development will become more and more prosperous.