Post
Topic
Board Bitcoin Discussion
Re: Digital currencies to solve problems
by
n2004al
on 20/11/2015, 09:21:09 UTC
Money remittance is where we should focus on. I think this is an area where bitcoin has the advantage but we never fully utilize or capitalize on it. Imagine having the fund reached the other party almost instantly and with the low fee. For an annual 50 billion market worth, half of that amount would easily change everything. 

Yes in this digital world, we focus for instant things usually. So, digital currencies are inevitable to make changes in our conventional financial world. Digital currencies will find boom everywhere as now a days people uses digital things almost everywhere.

Yes bitcoin focus for instant low cost transaction in this fast world. Bitcoin is created to solve many financial problems like trust-less environment to store your hard earned wealth into a secured format. Bitcoin would be the future world money.

Cannot be possible. For to many reasons. If with the words "future world money" you mean to be used as a only currency of the world in every country. This, according to me, is totally impossible. Cannot be replaced every national currency with bitcoin. First of all because bitcoin is limited in amount and the economies need every year new money (if verified growth). But even with the today value of the overall amount of overall national currencies I think that bitcoin cannot be able to replace those. Its market capital must be much more lower than the overall capital market of all the national currencies. To not mention the impossibility to make national monetary policies and that cannot exist a national currency which cannot be owned by the given country.

If with "future world money" you mean the use of it in addition with all the national currencies but with much more spread, value and market this is the hope of everyone of us here in bitcointalk. And naturally that this is ok even for me.