Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin Really The Future Of Money?
by
Wandering Soul~
on 28/05/2017, 13:25:21 UTC
Yeah bitcoin is really a future of money because today it became a sustainable income of most of the users online who really work hard to generate profit from digital currency. So we are to be more convenient in the future of money and that money is digital transactions.
Sustainable income? I highly doubt it . Most users who are earning bitcoin are doing it as a part time job especially if you're just a poster here .
As of now you need a certain skill if you want to go full time like if you want to work for some company/business (blockchain.info/poloniex etc.) or freelancing .
The future of bitcoin can not be fixed yet, because it has not been authorized by governments in various countries as a means of conventional currency exchange.
Thanks
The future cannot be predicted accurately because no one knows what the future holds not because no government has authorized it and Oh Hey! It's already legalized on Japan and will be accepted on Australia this coming July .
Even though only a few governments have officially accepted it, The can't prevent it's growth as long as the users are growing also .
Yes if people will continue to used it and spread it out all over the world it will grow faster. Sooner or later bitcoin will consider as number one cryptocurrency in every country. This can beat other type of money in every country because of its price.
Uhhh. It's not just about the price tho . Have you considered the possible problems of bitcoin? Let's say that bitcoin is so spread out all over the world like what you've said but if the confirmation time doesn't improve at all because people have to pay a high fee . Some people will then again prefer to use their fiat in that situation, I mean for faster payment (takes less than a minute especially on some situations where it doesn't have fees like paying in person)