What is the Future of Bitcoin ?

[BitCoinDream]

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

all users and lovers of bitcoin would want the same thing. however, for banks or governments and businesses or shares will reject it because they have a reason, it will damage the economy and reduce transaction and their income: D

Please dont confuse Banks with Governments. Banks are NOT Government. Banks are businesses that pay huge tax to Governments by sucking their clients. Governments love tax. If Bitcoin businesses can generate tax, Government will love Bitcoin too.

[Aricoin_Mike]

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

all users and lovers of bitcoin would want the same thing. however, for banks or governments and businesses or shares will reject it because they have a reason, it will damage the economy and reduce transaction and their income: D

Please dont confuse Banks with Governments. Banks are NOT Government. Banks are businesses that pay huge tax to Governments by sucking their clients. Governments love tax. If Bitcoin businesses can generate tax, Government will love Bitcoin too.

If Bitcoin will generate tax..., I will not love Bitcoin so much anymore!

[deadwood]

If Bitcoin will generate tax..., I will not love Bitcoin so much anymore!

Why not? Taxes have their role.

Also, I do not believe you'll ever pay for anything and everything with bitcoin. It won't replace money, not even in the digital age, and that is because it's pseudo-anonymous, irreversible and uncontrollable (except for that 51% attack of course.) Not to mention the volatility which may or may not die down in time.

I do believe it has a purpose as a means to easy cash-like payments online - no need to drag my credit card company and paypal and all the others into my $20 e-book purchase or my ship upgrades in eve online. But to replace money? Not likely.

[jonald_fyookball]

People have too diverse views on poliitics and other human factors, for them to adopt a single currency world wide. 

Totally disagree.

Bitcoin is non-political (in this context) , non-opinionated, non-controversial...  It can be used
by anyone regardless of their religion, politics, race, geography, etc.

[Nerazzura]

in an other way, i think that bitcoin can extend dramaticly the creation of free wifi network (to let easly all smartphone without a good offer on DATA ... to pay with bitcoin with a free wifi hotspot).

QoS on this hotspot is very easy, too ... because bitcoin client emit standard head.

yes, I think the idea is very good. for something related to IT World and its products Bitcoin is the most appropriate payment for them to have the same world. although for other payments have also begun to consider

[Beliathon]

People have too diverse views on poliitics and other human factors, for them to adopt a single currency world wide.  

This person does not understand that politics doesn't matter when selecting tools, if one tool is far and away superior than its competitors.

If one is preparing for war, one does not pick up the sling or the spear when the machine gun is loaded and ready.

Bitcoin has already made all other forms of money obsolete. Most of the world simply has not yet figured it out. Rest assured, they will. Sooner rather than later.

[BitCoinDream]

People have too diverse views on poliitics and other human factors, for them to adopt a single currency world wide.  

This person does not understand that politics doesn't matter when selecting tools, if one tool is far and away superior than its competitors.

If one is preparing for war, one does not pick up the sling or the spear when the machine gun is loaded and ready.

Bitcoin has already made all other forms of money obsolete. Most of the world simply has not yet figured it out. Rest assured, they will. Sooner rather than later.

Wait ...Bitcoin has not yet solved the offline transaction problem which is required for no internet zone. Cash still serves a good purpose in this regard.

[bananaControl]

People have too diverse views on poliitics and other human factors, for them to adopt a single currency world wide.  

This person does not understand that politics doesn't matter when selecting tools, if one tool is far and away superior than its competitors.

If one is preparing for war, one does not pick up the sling or the spear when the machine gun is loaded and ready.

Bitcoin has already made all other forms of money obsolete. Most of the world simply has not yet figured it out. Rest assured, they will. Sooner rather than later.

Wait ...Bitcoin has not yet solved the offline transaction problem which is required for no internet zone. Cash still serves a good purpose in this regard.

Yeah, all the billionaires in the Gobi desert have no use of magic internet money.

[Beliathon]

Wait ...Bitcoin has not yet solved the offline transaction problem which is required for no internet zone.

Physical coins like Casascius Bitcoins WOULD be solving that problem already, if only nation-states like the USA and others weren't aggressively outlawing and suing them to protect their despicable, tyrannical monopoly on physical money.

"The only thing a capitalist hates more than a communist is a competitor"

[Nerazzura]

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

all users and lovers of bitcoin would want the same thing. however, for banks or governments and businesses or shares will reject it because they have a reason, it will damage the economy and reduce transaction and their income: D

Please dont confuse Banks with Governments. Banks are NOT Government. Banks are businesses that pay huge tax to Governments by sucking their clients. Governments love tax. If Bitcoin businesses can generate tax, Government will love Bitcoin too.

thanks for the explanation, friend . if bitcoin taxed, who should pay?? banks have a physical form to make a deal. whether bitcoin bank also made ​​to save bitcoin?? bitcoin while most still conduct transactions online. how the government monitors all online transactions such as personal. need to work hard for it all: '(

[unpure]

Only see bitcoin good to send money abroad.

[cbeast]

Only see bitcoin good to send money abroad.

Women usually end up with the money anyway.

[BitCoinDream]

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

all users and lovers of bitcoin would want the same thing. however, for banks or governments and businesses or shares will reject it because they have a reason, it will damage the economy and reduce transaction and their income: D

Please dont confuse Banks with Governments. Banks are NOT Government. Banks are businesses that pay huge tax to Governments by sucking their clients. Governments love tax. If Bitcoin businesses can generate tax, Government will love Bitcoin too.

thanks for the explanation, friend . if bitcoin taxed, who should pay?? banks have a physical form to make a deal. whether bitcoin bank also made ​​to save bitcoin?? bitcoin while most still conduct transactions online. how the government monitors all online transactions such as personal. need to work hard for it all: '(

Government does not need to monitor transactions. Government will monitor exchanges for taxation. Exchanges will impose the tax on u. Just like it happens in share market. For buying & selling stocks exchange imposes the service tax on you. Here the plus is that, as long as you are earning Bitcoin and spending it w/o converting it to FIAT, u r not taxable.

[Nerazzura]

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

all users and lovers of bitcoin would want the same thing. however, for banks or governments and businesses or shares will reject it because they have a reason, it will damage the economy and reduce transaction and their income: D

Please dont confuse Banks with Governments. Banks are NOT Government. Banks are businesses that pay huge tax to Governments by sucking their clients. Governments love tax. If Bitcoin businesses can generate tax, Government will love Bitcoin too.

thanks for the explanation, friend . if bitcoin taxed, who should pay?? banks have a physical form to make a deal. whether bitcoin bank also made ​​to save bitcoin?? bitcoin while most still conduct transactions online. how the government monitors all online transactions such as personal. need to work hard for it all: '(

Government does not need to monitor transactions. Government will monitor exchanges for taxation. Exchanges will impose the tax on u. Just like it happens in share market. For buying & selling stocks exchange imposes the service tax on you. Here the plus is that, as long as you are earning Bitcoin and spending it w/o converting it to FIAT, u r not taxable.

ok. I understand now. however, if any of our transaction when sending or receiving bitcoin if we also get taxes from the government. mean, we pay twice for it to wallet like Blockhain and government. or just blockhain are paying to the government

[Beliathon]

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

all users and lovers of bitcoin would want the same thing. however, for banks or governments and businesses or shares will reject it because they have a reason, it will damage the economy and reduce transaction and their income: D

Please dont confuse Banks with Governments. Banks are NOT Government. Banks are businesses that pay huge tax to Governments by sucking their clients. Governments love tax. If Bitcoin businesses can generate tax, Government will love Bitcoin too.

thanks for the explanation, friend . if bitcoin taxed, who should pay?? banks have a physical form to make a deal. whether bitcoin bank also made ​​to save bitcoin?? bitcoin while most still conduct transactions online. how the government monitors all online transactions such as personal. need to work hard for it all: '(

Government does not need to monitor transactions. Government will monitor exchanges for taxation. Exchanges will impose the tax on u. Just like it happens in share market. For buying & selling stocks exchange imposes the service tax on you. Here the plus is that, as long as you are earning Bitcoin and spending it w/o converting it to FIAT, u r not taxable.

ok. I understand now. however, if any of our transaction when sending or receiving bitcoin if we also get taxes from the government.

[BitCoinDream]

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

all users and lovers of bitcoin would want the same thing. however, for banks or governments and businesses or shares will reject it because they have a reason, it will damage the economy and reduce transaction and their income: D

Please dont confuse Banks with Governments. Banks are NOT Government. Banks are businesses that pay huge tax to Governments by sucking their clients. Governments love tax. If Bitcoin businesses can generate tax, Government will love Bitcoin too.

thanks for the explanation, friend . if bitcoin taxed, who should pay?? banks have a physical form to make a deal. whether bitcoin bank also made ​​to save bitcoin?? bitcoin while most still conduct transactions online. how the government monitors all online transactions such as personal. need to work hard for it all: '(

Government does not need to monitor transactions. Government will monitor exchanges for taxation. Exchanges will impose the tax on u. Just like it happens in share market. For buying & selling stocks exchange imposes the service tax on you. Here the plus is that, as long as you are earning Bitcoin and spending it w/o converting it to FIAT, u r not taxable.

ok. I understand now. however, if any of our transaction when sending or receiving bitcoin if we also get taxes from the government. mean, we pay twice for it to wallet like Blockhain and government. or just blockhain are paying to the government

No ..You dont pay twice. Take the example of share market. The exchange pay your service tax and deduct it from U. Now, if u have some quick profit in FIAT, which is taxable, u may have to pay it under income tax.

[Meuh6879]

that's why, at the end, the gov can only tax the FIAT movment ... and not when you pay merchandise and employees with bitcoin and receive bitcoin from customers.

Overstock take this way ...

[BitCoinDream]

that's why, at the end, the gov can only tax the FIAT movment ... and not when you pay merchandise and employees with bitcoin and receive bitcoin from customers.

Overstock take this way ...

Is overstock paying their employees and suppliers in bitcoin ?

[DannyElfman]

that's why, at the end, the gov can only tax the FIAT movment ... and not when you pay merchandise and employees with bitcoin and receive bitcoin from customers.

Overstock take this way ...

Is overstock paying their employees and suppliers in bitcoin ?

They can't force their employees and suppliers to accept bitcoin. If they do not want to be paid this way and overstock is only willing to pay in bitcoin then the suppliers and employees will simply not work for overstock.

I did read an article that said that overstock was planning on paying some bonuses in bitcoin.

[QuestionAuthority]

that's why, at the end, the gov can only tax the FIAT movment ... and not when you pay merchandise and employees with bitcoin and receive bitcoin from customers.

Overstock take this way ...

Is overstock paying their employees and suppliers in bitcoin ?

They can't force their employees and suppliers to accept bitcoin. If they do not want to be paid this way and overstock is only willing to pay in bitcoin then the suppliers and employees will simply not work for overstock.

I did read an article that said that overstock was planning on paying some bonuses in bitcoin.

I wonder how they plan on working out the payroll taxes?