Bitcoin has a Future, But Maybe Not As a Currency. Do you Agree?

[keanbosch]

In the course of its five-year run, bitcoin has been heralded as a beacon of hope by those who mistrust banks and an object of suspicion by those who mistrust a grassroots currency.

http://www.ahametals.com/bitcoin-future-maybe-currency/

[eldinhadz]

Bitcoin has a future as a Currency.

If you hate BTC why you had registered here ?

[keanbosch]

I'm a bitcoin miner and I love bitcoin.. I never stated that I hate bitcoin.. I shared a good article which people would possibly have their views on it..
I have bitcoin, I love bitcoin and 100% bitcoin has future being the new generation currency..
Thanks mate

[Meuh6879]

Bitcoin is the answer for ... everything.

[blatchcorn]

I think the real question here is: if bitcoin fails as a currency will the blockchain technology continue?

[ezimedia]

What if the USA government... made bitcoin as part of their plan to make a one world currency.. and one world power...

LOL I have been watching to many youtube videos I guess.

Still has to make you think....

Did you hear Bush Senior... say he wants a new world order... hmmmm

I am going to put my ear muffs back on... sounds better that way

[SpontaneousDream]

I think the real question here is: if bitcoin fails as a currency will the blockchain technology continue?

Of course blockchain technology will continue. That was the real innovation. 

[beatljuice]

What the article completely ignores in its "west-centricity" is that bitcoin will be making a huge difference in developing and financially challenged countries. And I think bitcoin will be the almost exclusive player in remittances, because the people that use remittances usually don't have access to exchanges so they are going to want one standard currency to send, and since bitcoin is the "first on the scene" it has a huge lead on any other currency.

[Beliathon]

Bitcoin is the answer for ... everything.

[DoubleU]

Well, I'm new to the cryptocoin world. But still much earlier than the general population!

From my own opinion, Bitcoin would not be the default digital currency of the future as there's quite a bit of future for it as a wealth holder i.e. gold as there's a number of issues with the current system for the general mass adoption e.g. no instant transfer. Gold is very good comparison to Bitcoin. A big currency in the past, now retired as assets. Satoshis will definitely worth a sizeable sum with mass adoption . As for the likely candidate of the default digital currency... I cannot yet see one. 

-W

[Beliathon]

I think the real question here is: if bitcoin fails as a currency will the blockchain technology continue?

If you have to ask this question, you can't understand why Bitcoin is even valuable.

The blockchain is the beating heart of Bitcoin, but it's also so much more...

[blatchcorn]

I think the real question here is: if bitcoin fails as a currency will the blockchain technology continue?

If you have to ask this question, you can't understand why Bitcoin is even valuable.

The blockchain is the beating heart of Bitcoin, but it's also so much more...

I can understand both the value of bitcoin and the blockchain's potential.

But there is no denying that if bitcoin fails, it will be hard for the blockchain to shake-off the negative associations

[beetcoin]

if it were used as a currency, the blockchain would be bloated as hell.. plus, it's naturally deflationary. doesn't make sense to me.

[Meuh6879]

plus, it's naturally deflationary. doesn't make sense to me.

because you leave with a reasing amount of money every year (salary man ?).
rise of the price is the most stupid of this 150 past years of the humanity (inflation create WAR).

[Neodamus]

If Bitcoin isn't used as a currency, what else could it hope to accomplish? It seems like that's the first 'proof of concept' challenge for it before it could become anything more complex such as a way of managing contracts.

That being said, I believe Bitcoin will become a major currency in the near future, if not the most dominant in the next few decades. It is decentralized currency, and once something becomes decentralized, it is hard to make it centralized once again because the natural trend of the world is towards decentralization and individual power. Centralizing currency is going to require more and more effort as its going to be facing an ever increasing level of resistance from individuals who have empowered themselves.

[311]

if it were used as a currency, the blockchain would be bloated as hell.. plus, it's naturally deflationary. doesn't make sense to me.

It is a currency and people are using it as one. Money doesn't have to be inflationary either.

[cbeast]

"Bitcoin doesn't make the currencies, it makes them better."

[Beliathon]

But there is no denying that if bitcoin fails...

It won't. Your hypothetical is invalid because it fails to account for historical evidence.

[Balls]

I think it has a future both as a currency and as a technology.

[BitsBitsBits]

Bitcoin is the answer for ... everything.

Well I wouldn't say everything, but the blockchain is a really innovative invention and I think it will be the future of currencies. But which one will take over is too soon to say.