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Author Topic: The future of Bitcoin  (Read 119549 times)
Altas
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April 15, 2017, 04:05:59 AM
 #1061

The future of Bitcoin is very bright. Day by day the users of bitcoin is increasing. Many people think that investing on this coin is more better than Gold.  The day will come,  All countries will accept Bitcoin as a official currency.   
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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April 15, 2017, 04:22:12 AM
 #1062

With the current event of Bitcoin, the future of it is quite certain.  The acceptance of Japan of Bitcoin and acknowledge them as payment method, the regulation of  China toward Bitcoin means they believe that Bitcoin will be here to stay and that they are preparing themselves to take advantage of Bitcoin thru posible taxes and other revenues.  They both believe that there will be mass adoption of Bitcoin so certain rule and law should be apply.

These adoption really turns the bitcoin's price to big value. Rate of adoption changes the usage among the people in the world and now many people started using bitcoin and number of sign ups in the forum also increased.
I do not want bitcoin to be regulated under one government means then fees and other charges will be added more to it.
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April 15, 2017, 04:27:32 AM
 #1063

The future of Bitcoin is very bright. Day by day the users of bitcoin is increasing. Many people think that investing on this coin is more better than Gold.  The day will come,  All countries will accept Bitcoin as a official currency.   
That are very optimistic prognoses about bitcoin and generally I am agree with that. I count bitcoin as hightech in financial area. Bitcoin is just a first word in a new financial system of the future. I think in 10-20 years we will see all the results of such new thing as bitcoin and I expect a revolution in all payment system.
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April 15, 2017, 05:20:02 AM
 #1064

Bitcoin is a new innovation on the world of finance and derivatives.
Which of course, bitcoin is able to provide convenience for everyone around the world without any restriction or regulation of banking in country, and low cost of transaction is ultimate choice.
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April 15, 2017, 07:24:20 AM
 #1065

With the development of bitcoin is currently booming and more and more users in various countries
I'm sure someday bitcoin digital currency becomes official and the equivalent of real currency
yes the users of bitcoin are increasing from time to time there is no doubt about this. therefore we can clearly say that bitcoin is becoming more and more develop as time pass. hope that in near future all the people of the world will be using bitcoin, and bitcoin will be the main currency of the people which will be using both for online and offline purposes.
Well, I really think that nothing has been changed really, the same bitcoin network has been the same for the past few years, there were no changes to support the massive user flow that bitcoin has seen because of how its price got higher and got popular quickly more and more people rushed into it, and if we really want bitcoin progress we want it to support the high flow of people while providing fast transactions.

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April 15, 2017, 09:17:22 AM
 #1066

With the development of bitcoin is currently booming and more and more users in various countries
I'm sure someday bitcoin digital currency becomes official and the equivalent of real currency
yes the users of bitcoin are increasing from time to time there is no doubt about this. therefore we can clearly say that bitcoin is becoming more and more develop as time pass. hope that in near future all the people of the world will be using bitcoin, and bitcoin will be the main currency of the people which will be using both for online and offline purposes.
Well, I really think that nothing has been changed really, the same bitcoin network has been the same for the past few years, there were no changes to support the massive user flow that bitcoin has seen because of how its price got higher and got popular quickly more and more people rushed into it, and if we really want bitcoin progress we want it to support the high flow of people while providing fast transactions.
While users are increasing demand are also increasing and so with the price, they are interrelated and that is what people are hoping to happen.
Also, as the users are increasing we can expect slow transaction, however we have an option to bigger transaction fees so it will be process fast.

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April 15, 2017, 09:57:18 AM
 #1067

I would like to start a discussion about the future of Bitcoin.
The following is my prognosis
The future of Bitcoin
After vears of trying to break the blockchain technology that runs Bitcoin, the bankers and governements finally realized that because blockchiain was a public ledger that kept all transaction and that this ledger could not be hacked or falsified; Bitcoin could not be stopped or blocked. Like email, and i-porn, it used the internet highway and without destroying the internet and its highways of communication, the blockchain technology could not be blocked.

The banks and governments decided on another plan called “f you can`t beat them, join them”. They decided that their only chance was to buy up all the Bitcoins. They started small and encouraged Bitcoin`s price to drop by demanding regulation, not realizing that the blockchain is just a public ledger that can not be regulated. The threat of regulation caused the price of Bitcoin to drop, and when the banks and government thought that the price of Bitcoin would not go any lower, they started to buy up Bitcoins. When people realized that the banks and governments were buying up the Bitcoins, the price of Bitcoins soared in an avalanche. This made banks and governments very rich. 

Bitcoin became to be used as electronic money that could not be falsified or tampered with and that could be used as electronic cash replacing coins and notes. The banks and governments started to encourage the use of Bitcoin and replaced their coins and notes with Bitcoins. Then they replaced their plastic credit cards with chips that were implanted and that allowed money transactions to be made much faster and conveniently than with Bitcoin. They made their own centralized and regulated version of Bitcoin and called it i-coin.

After i-coin became convincingly more appealing than Bitcoin, i-coin became widely accepted. Bitcoin became outdated and old fashioned and the price of Bitcoin started to drop. Then there came a time where the only ones that were using Bitcoins were the ones that were afraid of the chip implants, and those that were afraid of the corrupt banks.
Then the corrupt criminals got on the Bitcoin bandwagon, and Bitcoins started to be outlawed in many countries. The decentralized Bitcoin miners - the keepers of the public ledger - became scarcer and scarcer and were overtaken by centralized criminal miners.

Bitcoin became what it started out as-. electronic cash for buying illegal goods. Eventually, the criminals took it over to use as their own black cash for trading one illegal good for another. This caused a boom in illegal goods, and made the criminals very wealthy.

The link to the video is below
https://www.youtube.com/watch?v=u48ccZ27wfQ&list=UU9rOAPUfZe3KEja0vvFpe_A
https://www.youtube.com/watch?v=u48ccZ27wfQ&list=UU9rOAPUfZe3KEja0vvFpe_A

bitcoin is now create its name in the market lots of people are now interested on it. they are now investing on it. it increases its value as time passes by. therefore more people are now investing on it and earn the money they are wanted more than their salary.

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April 16, 2017, 01:35:04 PM
 #1068

With the development of bitcoin is currently booming and more and more users in various countries
I'm sure someday bitcoin digital currency becomes official and the equivalent of real currency
yes the users of bitcoin are increasing from time to time there is no doubt about this. therefore we can clearly say that bitcoin is becoming more and more develop as time pass. hope that in near future all the people of the world will be using bitcoin, and bitcoin will be the main currency of the people which will be using both for online and offline purposes.
Well, I really think that nothing has been changed really, the same bitcoin network has been the same for the past few years, there were no changes to support the massive user flow that bitcoin has seen because of how its price got higher and got popular quickly more and more people rushed into it, and if we really want bitcoin progress we want it to support the high flow of people while providing fast transactions.
While users are increasing demand are also increasing and so with the price, they are interrelated and that is what people are hoping to happen.
Also, as the users are increasing we can expect slow transaction, however we have an option to bigger transaction fees so it will be process fast.

It's also totally possible that there are more transactions going on but the number of bitcoin users hasn't risen that much. For example, if a new website comes out and a lot of people joined it, the number of transactions will increase since people will be depositing and withdrawing more frequently. In other words, slow transactions are also caused by how much bitcoin moves from one user to another. I think it's referred to as market velocity or something.

Even higher transaction fees gives you a slow transaction, tbh. I tried it before and since there are people that are willing to pay more fee than you, you're still far from the high priority.

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April 16, 2017, 01:50:29 PM
 #1069

There are many possible outcome for the future of bitcoin. It might be not exist in the near future but I think bitcoin is too young for that to happen.
Its not far for bitcoin to become the future money because every each day passes the bitcoin users is increasing. Yet, it might become the international currency because you can use bitcoin in every country like USA as mode of payment or on every transaction.



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April 16, 2017, 02:48:04 PM
 #1070

There are many possible outcome for the future of bitcoin. It might be not exist in the near future but I think bitcoin is too young for that to happen.
Its not far for bitcoin to become the future money because every each day passes the bitcoin users is increasing. Yet, it might become the international currency because you can use bitcoin in every country like USA as mode of payment or on every transaction.

The population of users may be increasing but Bitcoin is not growing. Problems day by day increasing for transactions and fees. The future of Bitcoin will not be that good if it continues like this.

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April 16, 2017, 03:36:27 PM
 #1071

I noticed that the banks of EU are friendly to BTC in a latest news from CEO of coinbase!
Yes,they have tried their best to destroy bitcoins.Now they have realized that they couldnot and so they have started to show friendly approach to bitcoin.In future,even most of banks may start accepting bitcoins to survive in the future.
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April 16, 2017, 03:39:36 PM
 #1072

There are many possible outcome for the future of bitcoin. It might be not exist in the near future but I think bitcoin is too young for that to happen.
Its not far for bitcoin to become the future money because every each day passes the bitcoin users is increasing. Yet, it might become the international currency because you can use bitcoin in every country like USA as mode of payment or on every transaction.

The population of users may be increasing but Bitcoin is not growing. Problems day by day increasing for transactions and fees. The future of Bitcoin will not be that good if it continues like this.

Yeah if this issue is not resolved as soon as possible then there will be many people who will stop using bitcoins as its very frustrating to keep on waiting for transactions to get confirmed and sometimes it may also take 1 or 2 days for transactions to confirm.
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April 16, 2017, 03:50:29 PM
 #1073

With the development of bitcoin is currently booming and more and more users in various countries
I'm sure someday bitcoin digital currency becomes official and the equivalent of real currency
yes the users of bitcoin are increasing from time to time there is no doubt about this. therefore we can clearly say that bitcoin is becoming more and more develop as time pass. hope that in near future all the people of the world will be using bitcoin, and bitcoin will be the main currency of the people which will be using both for online and offline purposes.

Right, the number of users proof that bitcoin is going to up and that's why i am certain in future bitcoin make us rich. Sometime i feel i am lucky that i know about bitcoin on that time, when bitcoin was start to grow.
yes that is right. the number of bitcoin users are increasing from time to time actually still majority of people do not have any knowledge about bitcoin therefore when they learn about bitcoin they start using bitcoin.
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April 16, 2017, 03:56:36 PM
 #1074

Right, the number of users proof that bitcoin is going to up and that's why i am certain in future bitcoin make us rich. Sometime i feel i am lucky that i know about bitcoin on that time, when bitcoin was start to grow.
yes that is right. the number of bitcoin users are increasing from time to time actually still majority of people do not have any knowledge about bitcoin therefore when they learn about bitcoin they start using bitcoin.

I think a lot of people who already know bitcoin. In fact, some already have knowledge about bitcoin, but they are not interested in using it. Perhaps the knowledge that they know about bitcoin is about the only negative thing. But I am confident for the future bitcoin users will continue to grow. Thank you
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April 16, 2017, 03:57:14 PM
 #1075

I noticed that the banks of EU are friendly to BTC in a latest news from CEO of coinbase!
Yes,they have tried their best to destroy bitcoins.Now they have realized that they couldnot and so they have started to show friendly approach to bitcoin.In future,even most of banks may start accepting bitcoins to survive in the future.

Wow this is a good news that even EU are making good deals with bitcoin and now they are trying to start a very good start with bitcoin. I believe that there would be the time that banks are going to make bitcoin as another way of paying services but I don't know when it is going to happen exactly.



 

 

 

 

 

 


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April 16, 2017, 04:02:32 PM
 #1076

With the development of bitcoin is currently booming and more and more users in various countries
I'm sure someday bitcoin digital currency becomes official and the equivalent of real currency
yes the users of bitcoin are increasing from time to time there is no doubt about this. therefore we can clearly say that bitcoin is becoming more and more develop as time pass. hope that in near future all the people of the world will be using bitcoin, and bitcoin will be the main currency of the people which will be using both for online and offline purposes.

Right, the number of users proof that bitcoin is going to up and that's why i am certain in future bitcoin make us rich. Sometime i feel i am lucky that i know about bitcoin on that time, when bitcoin was start to grow.
yes that is right. the number of bitcoin users are increasing from time to time actually still majority of people do not have any knowledge about bitcoin therefore when they learn about bitcoin they start using bitcoin.
From time to time bitcoin users were increasing gradually, also governments too show positive signs to digital growth other than very few countries. As a part of the digital growth several countries have developed their digital coin. When transaction goes beyond border sure there will be successful future.

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April 16, 2017, 04:39:44 PM
 #1077

Right, the number of users proof that bitcoin is going to up and that's why i am certain in future bitcoin make us rich. Sometime i feel i am lucky that i know about bitcoin on that time, when bitcoin was start to grow.
yes that is right. the number of bitcoin users are increasing from time to time actually still majority of people do not have any knowledge about bitcoin therefore when they learn about bitcoin they start using bitcoin.

I think a lot of people who already know bitcoin. In fact, some already have knowledge about bitcoin, but they are not interested in using it. Perhaps the knowledge that they know about bitcoin is about the only negative thing. But I am confident for the future bitcoin users will continue to grow. Thank you
in fact such people do not know about the importance of bitcoin. and i am sure that once they will know about the importance of bitcoin i am hopeful that they will certainly start using bitcoin, and then they will even give more preference to bitcoin.
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April 16, 2017, 05:37:08 PM
 #1078

Bitcoin I think has a lot to offer in the future, more and more people are acknowledging what's the use of bitcoin and how to get them. One proof of bitcoins brighter future are the users it has from 2009 up until the present. The fact that in can be used internationally is a big factor on bitcoins growth and future too.

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April 16, 2017, 08:03:39 PM
 #1079

Right, the number of users proof that bitcoin is going to up and that's why i am certain in future bitcoin make us rich. Sometime i feel i am lucky that i know about bitcoin on that time, when bitcoin was start to grow.
yes that is right. the number of bitcoin users are increasing from time to time actually still majority of people do not have any knowledge about bitcoin therefore when they learn about bitcoin they start using bitcoin.

I think a lot of people who already know bitcoin. In fact, some already have knowledge about bitcoin, but they are not interested in using it. Perhaps the knowledge that they know about bitcoin is about the only negative thing. But I am confident for the future bitcoin users will continue to grow. Thank you
to me i think still very little number of people have knowledge about bitcoin while the rest of the people still do not know anything about bitcoin. i am hopeful that when they will learn about bitcoin most of the people will put their money to invest in bitcoin.
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April 16, 2017, 08:09:05 PM
 #1080

I noticed that the banks of EU are friendly to BTC in a latest news from CEO of coinbase!
Yes,they have tried their best to destroy bitcoins.Now they have realized that they couldnot and so they have started to show friendly approach to bitcoin.In future,even most of banks may start accepting bitcoins to survive in the future.

Wow this is a good news that even EU are making good deals with bitcoin and now they are trying to start a very good start with bitcoin. I believe that there would be the time that banks are going to make bitcoin as another way of paying services but I don't know when it is going to happen exactly.

Indeed this is a good news.  Seem Japan is influencing other countries to be friendly with Bitcoin.  If this stuff continuous, there is a huge possibility that Bitcoin will be sitting at around $2000 at the end of this year, this is without the scaling being fixed what more if Bitcoin scalibility is fixed.
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