Bitcoin in 10 Years: 4 Predictions From SecondMarket's Barry Silbert

[cryptocurrencylive]

Bitcoin in 10 Years: 4 Predictions From SecondMarket's Barry Silbert

http://www.entrepreneur.com/article/235290

1. Bitcoin will enable Facebook to provide remittance, banking and person-to-person money transfer services to its users.
2. Every e-commerce website will accept Bitcoin.
3. Western Union and MoneyGram’s existing remittance businesses will be decimated.
4. Bitcoin will fuel new, innovative micropayment-based online business models.

[Dogtanian]

I like his optimism and hope he's right, but who knows if bitcoin will still even be around in ten years. I don't look that far ahead but I hope it's still going strong in a decades time. Facebook integration would be great but I think they will try come up with their own coin or type of currency. I just can't see them not capitalizing on this.

[2double0]

Only time will tell but who knows, I think it will have a major role in our lives every day.

[bitbaby]

I think this is a bit too much. Predicting what's gonna happen after 10 months about anything is almost impossible and he is trying to predict what's gonna happen after 10 years. Maybe BTCitcoin will be even bigger than what he predicted and maybe not but we'll know when the time comes.

[mubashir]

Next 10 days  , Next 10 years 

[E-valuta]

Yeah obviously he's talking about 10 months and not 10 years. If that's the only change Bitcoin has had to itself and done to economics/society in 10 years i'd say Bitcoin is a bigger fail than.. anything ever existed.

[elebit]

It's a bit crazy to think Facebook will use Bitcoins. They have a walled garden approach to everything. If anything they could emerge as the big competitor to Bitcoin in the future, when/if cryptocurrency has gone mainstream.

[NapoleonBonaparte]

The prediction is spot on the trend.

We are just at the beginning at retail giant joining in the bandwagon. As soon as more join up, even other country retail channel will join and may end up by passing fiat money all together.

[Nerazzura]

I think this is a bit too much. Predicting what's gonna happen after 10 months about anything is almost impossible and he is trying to predict what's gonna happen after 10 years. Maybe BTCitcoin will be even bigger than what he predicted and maybe not but we'll know when the time comes.

true, no one can predict how the future will come bitcoin. like a few years ago, no one would have predicted bitcoin high value now. and the next 10 years will be better or worse. we can only watch and hope

[zimmah]

It's a bit crazy to think Facebook will use Bitcoins. They have a walled garden approach to everything. If anything they could emerge as the big competitor to Bitcoin in the future, when/if cryptocurrency has gone mainstream.

Facebook is big, but not invincible. The users will eventually demand bitcoin or move to a newer social platform.

[LostDutchman]

Bitcoin in 10 Years: 4 Predictions From SecondMarket's Barry Silbert

http://www.entrepreneur.com/article/235290

1. Bitcoin will enable Facebook to provide remittance, banking and person-to-person money transfer services to its users.
2. Every e-commerce website will accept Bitcoin.
3. Western Union and MoneyGram’s existing remittance businesses will be decimated.
4. Bitcoin will fuel new, innovative micropayment-based online business models.

No.

[qwerty555]

It's a bit crazy to think Facebook will use Bitcoins. They have a walled garden approach to everything. If anything they could emerge as the big competitor to Bitcoin in the future, when/if cryptocurrency has gone mainstream.

Facebook is big, but not invincible. The users will eventually demand bitcoin or move to a newer social platform.

Maybe now is the time to create and  launch a bitcoin based social network facebook competitor. For all we know its already being worked on.

[IIOII]

I agree with everything, except Facebook. Facebook will be mostly history 10 years from now. They have no real business model and people are getting more critical regarding invasion of privacy.

I'll add another prediction:

5. Influence of central banks will be decimated, because fiat money is no longer state of the art.

[Ron~Popeil]

Agree with 2,3, and 4. Facebook will have gone the way of myspace by then.

[franky1]

Agree with 2,3, and 4. Facebook will have gone the way of myspace by then.

and replaced with?

name me one other service that has 1billion regular users. i actually find that although i hate facebook ethics.. something like facebook which is designed for ease of use, could be what makes bitcoin "granny proof" to send funds to any of their friends/relatives

[LostDutchman]

Agree with 2,3, and 4. Facebook will have gone the way of myspace by then.

and replaced with?

name me one other service that has 1billion regular users. i actually find that although i hate facebook ethics.. something like facebook which is designed for ease of use, couple be what makes bitcoin "granny proof" to send funds to any of their friends/relatives

Not possible as most governments consider such services to be Money Service Businesses which are highly regulated, controlled and require very expensive licencing.

Well, it is possible but not possible to keep "Granny" (The government) out of it without getting a little blackhat.

[LiteCoinGuy]

5. to Da Moon!

[PalmerLaura]

Kind of an odd set of selections, especially for 10 years out. Maybe he's playing it safe or trying not to freak out the nice entrepreneurs?

If you look at what's going on this year with various blockchain technologies -- decentralized apps, Maidsafe, Ethereum, etc. -- and suppose that even 20% of those endeavors will move forward in some significant way, I think in 10 years it would be much more likely there isn't a Facebook, or at least not as we know it.

[PalmerLaura]

Remittence businesses are even less likely to exist. Being 10 years out, the conversion to fiat may not be an issue -- keeping your value in crypto will likely be acceptable or possibly preferred. I suspect that even crypto-based money transfer services (bit-pesa, the Philippines folks, etc.) will be gone by then, replaced by pure wallet-wallet p2p transactions.

Interesting read, but pretty tame. Maybe he just doesn't want to come off like some crazed, moon-eyed redditor...

[logger]

Interesting article, but what I found more interesting is that Entrepreneur.com seems to have a writer focused on Bitcoin.
Nice!