Guys yesterday had a conversation with a friend and we found ourselves discussing this issue: What is the best and worst case scenario for Bitcoin?
From the conversation it emerged (this is not from using bitcoin as investment vehicle) purely by assuming we understood the objectives of Satoshi lol! would be:
Worst case scenario: It is overtaken by govt cartels and it becomes another type of gold just a store of value with huge transaction fees, also it finds a stable price which does not augur well with "investors" and thus the perceived bitcoin bubble maybe a price of $3000 maybe not a pessimistic though
Best case scenario: Bitcoin lives to serve its purpose of being the internet currency with global adoption of-course "rekting" government and other central capitalistic entities. In a nutshell promoting financial inclusion worldwide.
Those are just thoughts of guys who were having a beer and maybe we thought too much but anyways members can contribute hoping to be roasted as well for my bitcoin newbie thoughts
Worst of the worst is that when the government creates its own crypto currency and dominates the usage which will be legalized and implemented legally then bitcoin will be just an ordinary crypto with diminishing value and usage.From the conversation it emerged (this is not from using bitcoin as investment vehicle) purely by assuming we understood the objectives of Satoshi lol! would be:
Worst case scenario: It is overtaken by govt cartels and it becomes another type of gold just a store of value with huge transaction fees, also it finds a stable price which does not augur well with "investors" and thus the perceived bitcoin bubble maybe a price of $3000 maybe not a pessimistic though
Best case scenario: Bitcoin lives to serve its purpose of being the internet currency with global adoption of-course "rekting" government and other central capitalistic entities. In a nutshell promoting financial inclusion worldwide.
Those are just thoughts of guys who were having a beer and maybe we thought too much but anyways members can contribute hoping to be roasted as well for my bitcoin newbie thoughts
Best scenario is the opposite it will the highest value that is attained by bitcoin and be regarded as the most popular crypto currency in the history which is widely accepted as payment in any type of transaction at any big or small shops all over the world.