Re: The Future of Money?

One might say that bitcoin is one of the pioneers of the future money. With sophisticated systems I am confident future technologies will continue to develop the bitcoin.

I just hope the current developers can listen to the good advices from the community, otherwise it is bad for bitcoin.

I think that the direction the community is forcing the technology to pursue is heading in a different direction than the philosophy that triggered its development intended. The developers aren't the only entity responsible for guiding its course. I think that community greed guides its course more than was anticipated....Bitcoin came to being from the thinking that the internet had the potential to bring about social and political change....privacy, autonomy, and personal security were the primary motivations that triggered the movement....are those the primary motivations now? Or, is the primary motivation greed? We all share the "decentralized" responsibility here.

yes i am also agree with it, it can really be a fact that the interested of the people is now changing and in future they may be giving importance to online trading and shopping therefor bitcoin can be their first choice an it can really effect the fiat currency.

Its still really depends though on what people would refer regarding into this. We cant really avoid the fact the people will surely choose the most convenient and most accesible in terms of online transactions and other things which are commonly happen on online world. They could able to see the potential of bitcoin regarding with this but i think future of money(paper) will still exist no matter how big changes would have made.

for sure. local currency will not be replace in any aspects paper money still the most used currency
inside a country we cant change that in anyhow many things will need to discuss about that.

Paper money is very easy and simple to use, you cannot replace that with online online currency as majority of the population in this world are not yet into online, these people are already contented with paper money as it's convenient to them to transact at any time.

But I think you still have to consider that the world is moving away from paper to paperless transactions. If this would happen, then paper money also follow suit. You don't necessarily use bitcoins for online transactions (though you need internet for transactions in bitcoins). You can deal with someone in the real world and deal with him using bitcoins by transfering the BTC to his wallet and getting whatever you paid for in person or physically.