Quote from: KingScorpio on September 18, 2018, 04:31:31 PM

Quote from: nischal123 on September 18, 2018, 03:47:14 PM

Personally In short, yes, I do believe we will transition towards it and hit a lot of walls along the way while we find acceptance and mass adoption but I believe well eventually hit a point where most of those walls become insurmountable and thats when the alternatives start to show up..

Well start to see various coins battling for the top and it will almost assuredly be an amazing time in our world.

Either way, were in for a ride and in the mean time, those individuals saying well hit $50,000 on Bitcoin are not wrong. Were already on our way now.
I suppose not investing Bitcoin means losing free money everyday. Soon I will see my mother shopping with Bitcoins And i believe world will have a single currency that is Bitcoin.

no

it will not become a global currency, i will become just one of many pow token cults,

and they wont be very popular or successful as well

no one but bitcoin miners and owners have an interest supporting it. anyone else has to live with the burden of electricity wasting and internet propaganda from it. so there will be constant opposition

bitcoins popularity only existed because people wanted an open financial market.

bitcoin as global currency would mean a world like this: the picture is called "the pethahash trillionaire"

https://i.imgur.com/tJxLvfm.png

There is an in my opinion rather obvious incentive for states to own bitcoin reserves. States will always want to own reserves of something neutral to hedge against other states failures and their own failures, theirs an endless variables and thus reasons you want something neutral.

Turns out that now we have bitcoin as a gold substitute. Some may argue that it isn't, but the longer bitcoin survives the bigger the incentive will be to hold it.

I don't think the positives of bitcoin vs gold need to be mentioned again and if you can't see them for yourself then think harder.

As far as mining goes, it's a competitive market, monopolies come and go.