The future of Bitcoin

[nobanks4me]

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 Bitcoin became outdated and old fashioned and the price of Bitcoin started to drop.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

[1714737710]

1714737710

[BiggestFish]

The question you brought up about whether governments are considering buying up bitcoins is an interesting one.

It looks like the classic Prisoner's Dilemma problem. All governments would be better off if bitcoin died out, but the first government to initiate a bitcoin-reserve buying program would be in a much better position than other governments if bitcoin does become ubiquitous.

I think in the world of American hegemony we lived in between 1990-2000 there would be no bitcoin buying, but in an increasingly bipolar world of East vs. West that is developing today along with a few fragmented rogue states such as North Korea and Iran, someone will defect and start buying bitcoin which will trigger a cascade of strategic buying.

Disagree about the creation of i-coin though. No nation has enough power to unseat a truly global currency like bitcoin once it becomes ubiquitous, unless they conquer a super-majority of the world.

[Nerazzura]

Bitcoin will not last forever
I predict Bitcoin will not be able to compete with fiat currency that has been widely circulated among all the people of the world, not a guaranteed value of the Bitcoin makes the price move is not fair. In my opinion, the increase in the value of Bitcoin significantly in recent times due to the act of the speculators that applies in a very irrational, it can happen even in economics assumed all humans are rational beings. This is because there is a psychological side of human in making decisions, in this condition will continue to act greedy speculators in
  profit-taking but forget to pay attention to the fundamentals of Bitcoin itself, the attitude of the Chinese Government against Bitcoin should be
wake up call for the speculators to stop pursuing profits from this trade. Although the existence of Bitcoin will not last long, but this situation should the financial institution's need to realize that the increasingly dynamic society requires a more dynamic pattern of transactions anyway, and one way to produce a more dynamic transaction system is to use electronic money or e money
. Unlike the virtual currency , This commodity is money fiat currency is converted in the form of non-cash or less cash
  addition will facilitate economic activity will also encourage greater economic growth as a result of the circulation of money faster....

[Beliathon]

...not a guaranteed value of the Bitcoin makes the price move is not fair.

Life is not fair. The fact that bitcoin is not guaranteed by state violence is the very reason it will succeed, the very thing that makes it unique from all violence-backed state promissory scrip.

No, bitcoin will not last forever. But it will almost certainly get us through the end of capitalism.

[hascoin]

I noticed that the banks of EU are friendly to BTC in a latest news from CEO of coinbase!

[cyberpinoy]

Bitcoin will not last forever
I predict Bitcoin will not be able to compete with fiat currency that has been widely circulated among all the people of the world, not a guaranteed value of the Bitcoin makes the price move is not fair. In my opinion, the increase in the value of Bitcoin significantly in recent times due to the act of the speculators that applies in a very irrational, it can happen even in economics assumed all humans are rational beings. This is because there is a psychological side of human in making decisions, in this condition will continue to act greedy speculators in
  profit-taking but forget to pay attention to the fundamentals of Bitcoin itself, the attitude of the Chinese Government against Bitcoin should be
wake up call for the speculators to stop pursuing profits from this trade. Although the existence of Bitcoin will not last long, but this situation should the financial institution's need to realize that the increasingly dynamic society requires a more dynamic pattern of transactions anyway, and one way to produce a more dynamic transaction system is to use electronic money or e money
. Unlike the virtual currency , This commodity is money fiat currency is converted in the form of non-cash or less cash
  addition will facilitate economic activity will also encourage greater economic growth as a result of the circulation of money faster....

HAHA i have to say yur post intrigued me, especially this part

the attitude of the Chinese Government against Bitcoin should be
wake up call for the speculators to stop pursuing profits from this trade

Lets look farther nto this statement.

China forces all of its Bitcoin investors to sell off their bitoinc in the anticipation of the release of their technology company Alibaba openng up for trading on the public market. This was not to destroy Bitcoins but to secure the ownership of their technological company ALIBABA. Now if we go to Alibaba we will see more than 30% of the sellers on there have what?? Thats right folks BITCOIN MINING EQUIPMENT, and over 70% of thier sister site Aliexpress have sellers with mining equipment for sale. If we add this to the newest competition pool against Ghash.io Discuss Pool we see that china is actually making HUGE astronomical profits off bitcoin right now, they manufacture the mining equipment, mine with it for months before they sell it to us. The chinese government is not against Bitcoins and its usage they are against a financial system they can not control, but they surely have not had a problem with reaping the profits of bitcoin in any way.

[kerafym]

I noticed that the banks of EU are friendly to BTC in a latest news from CEO of coinbase!

If the bank in EU is friendly, why is bitstamp harassing their customers on documented income and purpose of trading bitcoin?

[segvec]

The fact that you said bitcoin will not last is simply ignorant.
There are far too many backers of btc that will not let it fail.

You need to use logic when conducting opinionated statements.

[lihuajkl]

The outcome of bitcoin predicted by OP is ridiculous. The gov will definitely any time crack down any illegal trading without the exception of bitcoin.

[Sunderland]

Bitcoin now is like a child who just began learn to walk , soon it can run and jump.
All country and gov in the world still not dare to receive bitcoin as curency , but soon they will accept that.
It will be more precious than gold in the future

[Nerazzura]

Bitcoin now is like a child who just began learn to walk , soon it can run and jump.
All country and gov in the world still not dare to receive bitcoin as curency , but soon they will accept that.
It will be more precious than gold in the future

yesterday bitcoin already flying, not just jump. namely around 2012 when prices reached $ 700, and now he began to try to rise again, although probably not as it used to be, he just needs recognition and it would make a better

[pitham1]

It is way too early in the lifespan of bitcoin to predict anything.
It might become as ubiquitous as the internet, or it may die out slowly. Only time will tell.

[FlashCrash]

Bitcoin will not last is a premature statement honestly.  It can go either way and in varying degrees.

Perhaps its can be a currency to be reckon with or simply a currency that is widely used in the internet or can slowly die out, but considering there are alot of investors in it, it is hard to really have it completely die out even if it eventually becomes a niche market.

If anything though I believe bitcoin will have a future, but since the future is still yet to be written we can't say for sure what it will contribute or be in the future.

Invest as a long-term, or a person who is intrigued of the technology and enjoy the ride thats part of the risk and fun honestly =).  (Of course don't put too much money that it can make or break you, any investor should know not to put all your financial eggs in one basket)

Note: I really want bitcoin to succeed but life has alot of unexpected outcomes.

[as4406]

yeah, i really think you got the point, it's very easy for the criminals to take advantage of anonymity of BTC, so right now i think we should take some measures to regulate BTC if   
we want BTC exist in our real world.

[bornil267645]

That future still remains the same as it was 1 year ago and that it will rule the world economy one day.

[21coin]

bitcoin will rule the world of digital currency one day
it will be peoples first choice for online payments
and you will feel proud to be a part of bitcoin community

[nobanks4me]

Perhaps Bitcoin as a currency will die out in the future, but the blockchain using colored coins has a great future. Below is a short essay I wrote on the subject.
The future of Blockchain - Colored Bitcoins
Before Bitcoins and the blockchain technology it runs over was available, all records of transactions relied on trusting a 3rd party middlemen such as banks, exchanges, stockbrokers, lawyers, and signature of witnesses. Blockchain technology with the internet and its decentralized, distributed network of nodes called “Bitcoin miners” using encrypted data changed all that. The blockchain represents an open distributed ledger, and the Bitcoin miners are the ledger keepers. There are many ledger keepers keeping the same ledger and keeping check on each other that the ledger is not compromised. Trusting 3rd parties is no longer needed to make transactions and their certified records safe from theft, loss or forgery.
At present, Bitcoins, representing electronic cash can be traded for products and services easily, safely, cheaply, quickly and conveniently by using an open source software and the internet, all without relying on banks. But Bitcoins are not limited to represent electronic cash. They can be uniquely marked or “colored” to represent any assets or contracts, and their transactions can be securely published on the  blockchain, where they are safe from loss and forgery.   

[amaclin]

After years of trying to break the blockchain technology that runs Bitcoin, the bankers and governements finally realized...

LOL. You've made my day.

[david wilson]

Bitcoin is a game changer, but we’re not thinking big enough. In fact, we’re losing our message. At this point, I’m going to divide the flock. There are two kinds of people who want Bitcoin to succeed and in these two groups success is measured very differently.

The Bitcoin community has become so absorbed in the price of Bitcoin that it’s all we focus on, and it’s all we talk about. Will the price go up or down? Will losing support at $350 cause a crash and spell the doom of Bitcoin? We rally when we hear Paypal will start accepting Bitcoin payments, and we shout rhetoric’s and make claims that the price of Bitcoin will reach soaring heights. That we will curb the power of the Federal Reserve and end the era of banking. Without commenting on whether I believe this will or won’t happen, I can safely say that it is a possibility, but it’s such a narrow view of Bitcoin.

[Nerazzura]

bitcoin will rule the world of digital currency one day
it will be peoples first choice for online payments
and you will feel proud to be a part of bitcoin community

it will happen, but not in a fast time. even when its price is much bounce a few years ago.
do not make it recognized by the real world. changes do occur, and it takes the process to actually recognized