The future of Bitcoin as digital currency

[Mame89]

Bitcoins cannot be considered as a digital currency. The reason is pretty simple. Bitcoins are limited or fixed in numbers, that is no more Bitcoins can be created or made. So instead of using as a mode of payment, people will use it as an asset which is very valuable due to fixed in numbers. No matter what’s the government’s take will be on the coins, people won’t use it to buy normal stuffs. They will sell Bitcoins to make maximum profits only.

Yes, I think it is also difficult to consider Bitcoin as a digital currency replacing fiat because apart from Bitcoin being limited, maybe one day Bitcoin will become a scarce asset. So in my opinion, it would be a shame not to buy now, and it would be better if you bought Bitcoin before 2024. Bitcoin will become a valuable asset in the next few years if you look at the current instability of the world economy.

The huge increase and huge love for bitcoin is increasing every day. Because inflation reduces the value of your savings, it forces everyone to become investors. This means we need to keep ourselves busy or waste time/energy studying bitcoin investment opportunities. In fact, I see several countries openly opposing bitcoin, they are afraid of the presence of bitcoin. It's true as you say, I don't care what the government says about Bitcoin either.

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[Litzki1990]

If you are able to change your financial situation with Bitcoin, you will stick to your decision. You will do something people will stop you from doing but nobody will give you food when you are hungry. You have to move yourself forward so there is no point in thinking about who said what or who said bad things. I don't understand why the government stands in the way if bitcoin is going to provide employment to unemployed youth. Those who cannot find a job after completing their graduation should not be a hindrance if they can change their fortunes by investing or trading Bitcoin. There are many examples where Bitcoin is banned outright in their country but they are still using Bitcoin because they know that if they stop using Bitcoin they will not be able to earn the money they used to earn before.

[Xxmodded]

Currently, still not any government around the world are friendly with bitcoin as digital currency payment transaction except some countries have adopted bitcoin as legal payment in El Savador and some small countries in Africa. But not be permanently with bitcoin difficult to get friendly or good respond from government in the future exactly how potential for bitcoin becoming legal currency payment transaction.
I believe few years later many youth generation will have important position in government they will make revolution with digital currency payment by accepting bitcoin, right now still have many oldest politician and difficult get approval for bitcoin to be legal currency digital payment and get chance for the future when government filled by the young politician.

[Youngkhngdiddy]

This is what I really like to see in the future but the government is exerting all effort to make it more like fiat where you cannot hide from anyone how much you really have because everything should be transparent in order to save yourself from them. Nowadays, they put pressure on some popular exchanges and they gonna faced serious consequences if they don't comply with their requirements or if they find out they have some issues that are worth bringing into the court. That's why we need to get back to the decentralized exchanges in order to have a safe financial revolution without worrying about the SEC and its allies.

 The government are threaten by the invention of this new technology, since the invention of this technology it has generated controversy and news mainly because they can’t control the market and use of bitcoin. Bitcoin enables the people to undermine government regulation and it can cause a serious problem to the financial infrastructure system and even destabilize it. If we want to look deep we’ll notice most of this government officials are large holders of Bitcoin.
  We should understand that one government does not have a mandate or right to overturn the use of bitcoin, the decentralization makes it difficult. The future of bitcoin is solely based on the people, unless the people decide not to participate in bitcoin then we can see the dissociation of bitcoin. Bitcoin will forever exist if the people accept it governmental bodies can only come after exchangers, this is why exchangers need to be extremely cautious about their dealings because the government are just looking for any slight mistake to be able to bounce on them. Without any good reason I don’t think governments will come for any exchangers that’s is clean from any fraudulent or malicious activity. Crypto exchanger should be extremely cautious about this cause the government are looking for possible ways to probe them and tag cryptocurrency as bad.

[AprilioMP]

No government should prohibit the ownership of this technology

. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Someone very wise say if you're born poor you die poor and I quote

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

But the way we can achieve more of the dream is  when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.

Governments that have control and power cannot control Bitcoin the way they control other financial systems.
You are right that Bitcoin is a currency that has freedom for the owner.

For us Bitcoin is currency but not for those who don't want to know how Bitcoin works. Currency for them is sheets of paper that are printed every year and will experience a decrease in value due to inflation and various other events.

Bitcoin has freedom but Bitcoin is not a solution to enrich people from poverty. Bitcoin is just a payment network that makes it easier for people to make transactions.
Anyone can have more than one address which is not available at government-owned or private banks which provide one account number for one person. CMIIW

[God bless u]

Everyone is free for Bitcoin investment but in most of the country there are severe control against Bitcoin and as you have mention that those who are born poor will die poor does not make a sense because according to my experience there were many individuals who were poor in their early ages but now they are most wealthy people. wealth comes with your hard work so that it can be true that if you born poor but you are hard working then your pority will end very soon everything is possible in life but if life exist.

But if we take this sentence as those who born poor without any money because babies have no money and a person also die poor because we cannot buried money with him so this sentence can be true.

Achieving financial freedom is possible with the Bitcoin investment therefore all of those who were poor but now invested some amount in Bitcoin then they will surely be wealthy in future .Actually to attain one's dream it is important that not be dependent on a single salary maybe it's a bitcoin or any other job because if you have a job and no Bitcoin investment then you cannot manage the expenses but if you have Bitcoin and don't have any job then how you will accommodate daily expenses because Bitcoin is unable to give you sudden profit.

[GeorgeJohn]

Bitcoin represents true freedom. What is life without the freedom to do what you want, when you want it, which will help you achieve a lot in life? The government never wants ultimate freedom for its own people; they always want everything to be under their control so that they may direct and give laws that we have no choice but to follow in order to realise our desires. Many countries claim to practise democracy, but many still operate under dictatorships.

While people love investing with bitcoin is due to they like privacy, bitcoin is kind of investment you can venture into and the privacy is between you and what you invest on, so therefore I believe that bitcoin investment have to do with you monitoring it properly, in the aspect of government, it's obvious that government has find one or two ways they can bridge the existence of bitcoin, so I believe that bitcoin investment is something that have to do with timing and bitcoin is decentralized government cannot know when you invest in bitcoin or not, the decentralized method of bitcoin is what makes it to exist till today, so in summary government don't have the power to restrict existence of bitcoin, only what government is fighting in bitcoin is for bitcoin to be decentralized.

[Sustainability4all]

agree on this.

can someone  help me accurately baseline the heat (BTU) production of the different machines?

I ask the question on this subject, as I feel that if crypto mining isn't made to be as sustainable as other capitalistic endeavors (aka industries) the "haters" (for lack of a better description of those peeps, that want to tear stuff down  because of deep seated fears of change or other BS reasons) are going to use against this industry when trying to tear it down/stop it/hold it back - just insert whatever word your comfortable with.   

With the BTU production, all industries that need heat can understand what containers full of miners means for low steam heat and other 'lighter industrial" applications.

Or an anaerobic digester that needs constant heat year round (upper midwest will see gensets used to capture the heat in the summer and boilers in the winter) for the collection of the methane.

Thanks,
Steven

[TelolettOm]

No government should prohibit the ownership of this technology

I think no government can fully prohibit this technology around the world. This technology is spreading massively and used by many people around the world. If in some countries this technology gets some limitations, it probably is caused by the regulations on the countries. It should take time to be accepted fully by the government, so we just need to be patient, dude. 

I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Bitcoin is a freedom currency, it isn't controlled by anyone or any institution. Not sure if it is a dream currency, but surely it will bring good impact if it can be a legal currency globally. We can be easier to transfer it around the world, it doesn't need the third party. However, sometimes this can't be fully freedom when it is used in a country.

[panganib999]

No government should prohibit the ownership of this technology

. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Someone very wise say if you're born poor you die poor and I quote

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

But the way we can achieve more of the dream is  when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.
 

Let me just correct you, there's no such quote as "Born Poor, Die Poor", The quote you're probably referring to goes "If you're born poor, that's not your fault, dying poor is". Which still sits well in the grand scheme of things bitcoin included. Bitcoin is the very technology that you can utilize to enjoy a more comfortable life. And I get it, I was one of the lucky few who banked on the bitcoin dream earlier than many of you guys here, reaped the benefits and learned from mistakes. But just because it's this great doesn't mean that governments who ban bitcoin are just selfish pricks that don't want their citizens to become wealthy, there is much concern revolving around bitcoin and crypto that it makes sense for some countries to ban its use.

For instance, we got the anonymity that can be used by hackers and scammers to fool people without getting caught, the fact that it can be used as a money laundering machine by corrupt people and officials, among other issues that leave some countries with no choice but to stop it from being used.

[Samlucky O]

Someone very wise say if you're born poor you die poor and I quote

I don't think someone saying that is wise.  I think the person is a fool for saying that. Because it's only a non reasonable Person can think such.

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

Definitely with bitcoin if you are born poor you will not die poor. But it depends in your efforts and hardwork. Success is not achieve by self proclamation except it's put into action.

[wtsimis]

Maybe, At present bitcoin play as digital currency. Now if all countries legalize bitcoin then bitcoin will be the highest digital currency in future. Bitcoin is not yet legalized in all countries of the world. Moreover, Bitcoin has some limitations. By fixing technology and pricing constraints, Bitcoin can become a digital currency.

[KiaKia]

Bitcoin itself is already a freedom, even you live in a country where Bitcoin isn't allowed, you're have a choice to own it through DEX or no KYC P2P e.g. Bisq, Robosats.

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

What does Bitcoin has to do with work hard? you can become whatever you want with work hard and it's not always related to Bitcoin if you want to change your life. Bitcoin is just a currency, similar to fiat.

Exactly mate, this is what I did when Bitcoin was banned in my country and there was a crack down on all the bank accounts that are buying crypto, I knew I will be safe because there was never a single connection to crypto using my bank account.

Till this day I still use dex and peer to peer platforms to make purchases because I don't know what could come up again in the future, precaution is better than cure like they always say.

Bitcoin is total freedom, for those who understand it, many people don't know much about the usefulness of Bitcoin yet they hold some Bitcoin, I feel safer having Bitcoin than having some Fiat money, I can't explain how inflation have destroy the value of my Fiat already, it's very shameful.

[Blitzboy]

Bitcoin is appealing for its privacy and decentralization. It symbolizes financial autonomy and protects against government overreach. Lets not ignore the changing. The government cannot directly control Bitcoin, but it may influence its boundaries by regulating exchanges, taxing, and proposing central bank digital currencies. The goal is to adapt to a new financial paradigm, not only ban Bitcoin.

Consider the consequences of this tug-of-war. Bitcoin's decentralization is admirable, but governments wont stay silent. They're investigating blockchain integration into existing systems. This doesnt mean Bitcoin's demise; it just means we must stay vigilant and imaginative.

Future Bitcoin must balance goals with realities of a changing world. We must defend its principles while monitoring government change. Bitcoin's technology and our shared dedication to its values make it resilient.

[Essential10]

We know bitcoin as a digital currency is a new technology that is still growing. It is difficult to say what its future will be, as it may depend on market conditions and demand. As part of some experienced global market and policy changes, financial institutions and governments may be concerned. It is difficult to predict which countries will recognize Bitcoin as a global digital currency in the future. Acceptance of Bitcoin as a global digital currency depends on numerous factors, including the regulatory environment, public sentiment, and technological advancements. So far, Bitcoin has more acceptance and acceptance in some countries than others, but it is still far from being recognized as a global digital currency by any particular country.

[davis196]

No government should prohibit the ownership of this technology

. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Someone very wise say if you're born poor you die poor and I quote

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

But the way we can achieve more of the dream is  when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.
 

1.Nobody "owns" blockchain technology. The people have ownership rights over the BTC in their wallets and the crypto miners have ownership rights over their mining hardware. The governments can confiscate the BTC in their wallets and their mining equipment. Nobody can tell when will the governments decide to confiscate the mining hardware or to ban BTC/crypto trading and mining completely.
2.I think that the saying was "If you are born poor it's not your fault, but if you die poor, this is definitely your fault."
3.Bitcoin isn't some miraculous magic financial tool, that will make you rich(even with education and hard work).

[Poorman2]

The future of Bitcoin as a digital currency is not good. I do not agree with this. Because it is an investment currency. And it can never be a permanent currency of a country. It can be used as a temporary currency of a nation or group but never a permanent currency. Bitcoin is a cryptocurrency that is prone to hacking. Bitcoin can never be a permanent digital currency for digital security.

[Renampun]

No government should prohibit the ownership of this technology

. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Someone very wise say if you're born poor you die poor and I quote

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

But the way we can achieve more of the dream is  when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.
 

Even though Bitcoin can make someone rich, your assumption that Bitcoin will help everyone become rich is very wrong. in investing in bitcoin there will always be those who lose because of the wrong steps they take, if you don't have enough money to support your investment in bitcoin then it will be impossible for you to be able to have a lot of bitcoin which can make you rich.
so that poor people can change their lives through bitcoin, they must have good skills and patience, if you want to become an investor then you must have income in the real world and buy bitcoin using the DCA method and if you want to become a bitcoin trader you must have good skills in trading.
In fact, in order for you to be able to earn money from bitcoin paid campaigns, you must have the capital to buy a laptop or other device and also your patience in developing your account ranking so that you are worthy of joining bitcoin paid campaigns.
Bitcoin is the currency of the future and everyone has the opportunity to take advantage of it but still has to have capital (skills and money).

[The Cryptovator]

It's true that Bitcoin is digital money that has been using cryptography. But it's not related to being poor or becoming rich. Also, I don't see anything to work hard on Bitcoin. The main goal of Bitcoin is to transfer money worldwide without third parties using a p2p computer system. But due to volatile behaviour, we are taking advantage by investing in Bitcoin. To be honest, the goal has become an investment opportunity lately. However, Bitcoin is already a digital currency, not a future one. Either the centralised government accepts or not, Bitcoin been used worldwide.

[bayu7adi]

You're being quite selfish. Bitcoin isn't the only path to the success you're talking about. You can't force everyone's fortune into Bitcoin and treat it like a necessity. As long as it remains an easy-to-use alternative, its adoption will grow, and its value will naturally increase. Focusing on functionality and convenience should be considerations for Bitcoin before it can truly reach the level you envision as a money-maker.

Remember, Bitcoin isn't the key to wealth. It's a cryptocurrency that isn't fully accepted by all countries. So, Bitcoin still faces significant hurdles to truly have a better function or at least approach fiat in terms of adopters.

To become wealthy, we can't rely solely on Bitcoin. It's an option for those who enjoy speculation. If Bitcoin is so crucial for everyone worldwide, ETFs should have already announced SEC approval. As long as there are rejections from major institutions, it means there are still many considerations preventing widespread acceptance of Bitcoin.