Quote from: Xenophoto on October 01, 2017, 02:29:24 PM

Quote from: lordquanta on October 01, 2017, 10:08:56 AM

Quote from: ongels on October 01, 2017, 06:51:14 AM

In my own opinion, i don't think so, there are places that are hard to reach by electricity and computer technology, We need to consider some factors which affects them to locate, Maybe not early as 2022, Or some other century maybe, and if ever it happens all of the places are equiped with computer gadgets and connections to sustain the consistency of transactions anywhere we go.

Along with above reasons, there are some other reasons why bitcoin may not be used by everyone in near future. Bitcoin originated as currency however its value has increased so much so that it has become a commodity. In order to become a currency entity needs to be easily accessible and appropriately valued. At this stage bitcoin has became next stage of gold. There was time in history where gold was a currency through out. Then came a time where value of gold coin was more than its legal tender. This resulted in people melting gold coins to get more value. Since inception of paper notes, plastic money gold become obsolete as day to day currency. Bitcoin has already gone beyond this stage where it is more valuable to have bitcoin than use it for currency. Thus there needs to be more effective way to get bitcoin back to the currency.

And what exactly is the "appropriate value" of bitcoin? I think we have no other answer but the current price of bitcoin. You can't say that bitcoin's price should be a dollar because clearly that is not the price of bitcoin and people are going to be more than happy to pay for one bitcoin a dollar and have it sold for $4300. Why do people keep on saying that bitcoin should be used as a currency and nothing else? I mean, let the coin be what it is and there's nothing that you can do even if you continuously assert that bitcoin should be a currency and not a commodity. Bitcoin is going to be what it is but what it will be will not depend on our opinion. It will depend on the events and fact that bitcoin has become more of a speculative asset rather than a currency.

I agree with you i don't think bitcoin will be a coin it will become even bigger you can maybe pay with it like you can pay with paypal people will use to pay with bitcoins and that will be a new way.