What is the Future of Bitcoin ?

[DannyElfman]

future of bitcoin is paying for everything with bitcoins, everyday grocery etc

I don't see many people paying with it through a drive through. 10 min wait could stall fast food lol

I wish people would stop bringing this up as if it's a problem. You don't have to wait ten minutes. Have you ever actually sent bitcoin?

Why do u think that u dont need to wait 10 min ? Unless u wait, there remains a chance of double spending ...is no it ?

There is always the chance of a double spend attack, even after 6 confirmations (via a 51% attack).

Once a TX has been propagated throughout the network nodes will consider the inputs as spend and will reject any TXs that contain the same inputs even when the TX is 0/unconfirmed. The only way to double spend would be to include a block in the blockchain that spends at least one of the same inputs. With small purchases like fast food this would generally not be economical. 

[1714670479]

1714670479

[1714670479]

1714670479

[1714670479]

1714670479

[Denise520]

With credibility between users and sellers, Bitcoin may go to a new stage.

[newIndia]

future of bitcoin is paying for everything with bitcoins, everyday grocery etc

I don't see many people paying with it through a drive through. 10 min wait could stall fast food lol

I wish people would stop bringing this up as if it's a problem. You don't have to wait ten minutes. Have you ever actually sent bitcoin?

Why do u think that u dont need to wait 10 min ? Unless u wait, there remains a chance of double spending ...is no it ?

There is always the chance of a double spend attack, even after 6 confirmations (via a 51% attack).

Once a TX has been propagated throughout the network nodes will consider the inputs as spend and will reject any TXs that contain the same inputs even when the TX is 0/unconfirmed. The only way to double spend would be to include a block in the blockchain that spends at least one of the same inputs. With small purchases like fast food this would generally not be economical. 

Frankly speaking, most of the APIs do not work without at least 1 confirmation. So, when u r building an application, u'll most likely wait at least 1 confirmation, unless u are spending time to build your own API, which is again very unlikely for startups.

[arbitrage001]

Bitcoin future is looking brighter with California ruling.

Any companies that is headquartered in California will now be able to accept bitcoin for payment.

[gbooz]

Bitcoin future is looking brighter with California ruling.

Any companies that is headquartered in California will now be able to accept bitcoin for payment.

This does not mean that any of these will accept BTC.

[cbeast]

Bitcoin future is looking brighter with California ruling.

Any companies that is headquartered in California will now be able to accept bitcoin for payment.

This does not mean that any of these will accept BTC.

Only the hip and trendy ones. 

[arbitrage001]

Bitcoin future is looking brighter with California ruling.

Any companies that is headquartered in California will now be able to accept bitcoin for payment.

This does not mean that any of these will accept BTC.

Lowering transaction fee on cross border trade at the same time reaching out to geek will help the bottom line.

[DannyElfman]

future of bitcoin is paying for everything with bitcoins, everyday grocery etc

I don't see many people paying with it through a drive through. 10 min wait could stall fast food lol

I wish people would stop bringing this up as if it's a problem. You don't have to wait ten minutes. Have you ever actually sent bitcoin?

Why do u think that u dont need to wait 10 min ? Unless u wait, there remains a chance of double spending ...is no it ?

There is always the chance of a double spend attack, even after 6 confirmations (via a 51% attack).

Once a TX has been propagated throughout the network nodes will consider the inputs as spend and will reject any TXs that contain the same inputs even when the TX is 0/unconfirmed. The only way to double spend would be to include a block in the blockchain that spends at least one of the same inputs. With small purchases like fast food this would generally not be economical. 

Frankly speaking, most of the APIs do not work without at least 1 confirmation. So, when u r building an application, u'll most likely wait at least 1 confirmation, unless u are spending time to build your own API, which is again very unlikely for startups.

When there is a demand for bitcoin payment processing that accepts 0 confirmations payments then companies like bitpay and coinbase will build systems to support it. Right now there is very little demand for this kind of system as most companies that accept bitcoin sell over the internet or accept bitcoin for money owed on an account (direct tv) and they will not ship until after 10 minutes passes anyway.

[GeorgeFeb]

1 Satoshi will be 100$ in 5-10 years!

[gbooz]

I think the future of BTC as such is today. Without radical transformations and ecosystem development BTC has no future. If it will be transformed - it will not be the present BTC.

[ljudotina]

future of bitcoin is paying for everything with bitcoins, everyday grocery etc

So, actually this means "trust".

What the hell? How did you correlate what he wrote with "trust" ? If you had to sum it up it's "usage"

[gbooz]

future of bitcoin is paying for everything with bitcoins, everyday grocery etc

So, actually this means "trust".

What the hell? How did you correlate what he wrote with "trust" ? If you had to sum it up it's "usage"

Do you really using something you are not trusting? Any currency is based on trust first, and then - used.

[BitCoinDream]

future of bitcoin is paying for everything with bitcoins, everyday grocery etc

So, actually this means "trust".

What the hell? How did you correlate what he wrote with "trust" ? If you had to sum it up it's "usage"

Do you really using something you are not trusting? Any currency is based on trust first, and then - used.

Your logic is applicable for centralized currencies. A de-centralized currency does not need trust. U dont need to trust Satoshi to use Bitcoin. U can see the code yourself.

[gbooz]

future of bitcoin is paying for everything with bitcoins, everyday grocery etc

So, actually this means "trust".

What the hell? How did you correlate what he wrote with "trust" ? If you had to sum it up it's "usage"

Do you really using something you are not trusting? Any currency is based on trust first, and then - used.

Your logic is applicable for centralized currencies. A de-centralized currency does not need trust. U dont need to trust Satoshi to use Bitcoin. U can see the code yourself.

No difference if it is gold, dollar, peanuts, bitcoin or shell money in Timbuktu. In any exchange or transaction you need to trust in order to do it. It is actually basics. But never mind.

[BitcoinAdventurer]

I think Bitcoin will continue to explode, there will probably be a few setbacks somewhere along the line, but I am fairly certain it will continue to grow.

[BitCoinDream]

future of bitcoin is paying for everything with bitcoins, everyday grocery etc

So, actually this means "trust".

What the hell? How did you correlate what he wrote with "trust" ? If you had to sum it up it's "usage"

Do you really using something you are not trusting? Any currency is based on trust first, and then - used.

Your logic is applicable for centralized currencies. A de-centralized currency does not need trust. U dont need to trust Satoshi to use Bitcoin. U can see the code yourself.

No difference if it is gold, dollar, peanuts, bitcoin or shell money in Timbuktu. In any exchange or transaction you need to trust in order to do it. It is actually basics. But never mind.

You are tied with the legacy thinking. Bitcoin is different from that. Please have your time to read Satoshi's paper. The basis of Bitcoin is it is trustless as it is open source and community driven. Trust is something tied with centralized systems.

[gbooz]

future of bitcoin is paying for everything with bitcoins, everyday grocery etc

So, actually this means "trust".

What the hell? How did you correlate what he wrote with "trust" ? If you had to sum it up it's "usage"

Do you really using something you are not trusting? Any currency is based on trust first, and then - used.

Your logic is applicable for centralized currencies. A de-centralized currency does not need trust. U dont need to trust Satoshi to use Bitcoin. U can see the code yourself.

No difference if it is gold, dollar, peanuts, bitcoin or shell money in Timbuktu. In any exchange or transaction you need to trust in order to do it. It is actually basics. But never mind.

You are tied with the legacy thinking. Bitcoin is different from that. Please have your time to read Satoshi's paper. The basis of Bitcoin is it is trustless as it is open source and community driven. Trust is something tied with centralized systems.

Community driven, but not based on trust...? Actually in the paper it is a different "trust". It is about the performing the transaction directly, without the "trust", without the mediation.

[BitCoinDream]

future of bitcoin is paying for everything with bitcoins, everyday grocery etc

So, actually this means "trust".

What the hell? How did you correlate what he wrote with "trust" ? If you had to sum it up it's "usage"

Do you really using something you are not trusting? Any currency is based on trust first, and then - used.

Your logic is applicable for centralized currencies. A de-centralized currency does not need trust. U dont need to trust Satoshi to use Bitcoin. U can see the code yourself.

No difference if it is gold, dollar, peanuts, bitcoin or shell money in Timbuktu. In any exchange or transaction you need to trust in order to do it. It is actually basics. But never mind.

You are tied with the legacy thinking. Bitcoin is different from that. Please have your time to read Satoshi's paper. The basis of Bitcoin is it is trustless as it is open source and community driven. Trust is something tied with centralized systems.

Community driven, but not based on trust...? 

Community driven means nodes are run by Bitcoin community. Those are machine running an open source software. When u interact with tha machine ...do u need to trust ? Trust is for human, not machine.

[gbooz]

future of bitcoin is paying for everything with bitcoins, everyday grocery etc

So, actually this means "trust".

What the hell? How did you correlate what he wrote with "trust" ? If you had to sum it up it's "usage"

Do you really using something you are not trusting? Any currency is based on trust first, and then - used.

Your logic is applicable for centralized currencies. A de-centralized currency does not need trust. U dont need to trust Satoshi to use Bitcoin. U can see the code yourself.

No difference if it is gold, dollar, peanuts, bitcoin or shell money in Timbuktu. In any exchange or transaction you need to trust in order to do it. It is actually basics. But never mind.

You are tied with the legacy thinking. Bitcoin is different from that. Please have your time to read Satoshi's paper. The basis of Bitcoin is it is trustless as it is open source and community driven. Trust is something tied with centralized systems.

Community driven, but not based on trust...?

Community driven means nodes are run by Bitcoin community. Those are machine running an open source software. When u interact with tha machine ...do u need to trust ? Trust is for human, not machine.

There is the "trust" in the BTC transaction mechanics, when you do not need the mediation (no need for "trustee", like in a banking system). This "trust" is highlited in your paper. And there is much more important "trust" when somebody accepting your payment for his services and/or products. Without the second "trust" the is no need for BTC ( as well as for the gold, dollar, peanuts, bitcoin or shell money in Timbuktu). Because of this "trust" YOU are accepting BTC (but not the other alternative "shitcoin" for example) for your signature campaign in this forum.   So, the future of bitcoin is paying for everything with bitcoins, everyday grocery etc. Actually this means "trust".

[Erdogan]

you can't trade with a 10 minute confirmation transaction.
and that, it's very good for people.

I agree, you need more time to evaluate all possibilites and have recourse if something goes wrong, for instance the wares disappears in transit or there is something wrong with the product. Six months should do it, that is why we have credit cards.