Ninjastic
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Board Bitcoin Discussion
Re: Bitcoin 10 Years From Now
by
lionheart78
on 13/10/2019, 19:24:59 UTC
Quote from: teosanru on October 13, 2019, 06:40:09 PM
Quote from: lionheart78 on October 13, 2019, 03:20:04 PM

Quote from: teosanru on October 13, 2019, 02:29:09 PM
Similarly one big change in its legality over the globe can too affect Bitcoin in same way.

The changes in legality is happening right now.  By that time (after 10 years) I think Bitcoin standards are already set so there will be no problem in terms of acquiring and trading Bitcoin except if we do not have fund of course/  Cheesy
Actually I don't think creating a legality on bitcoin would be that easy of an affair. Once a country adopts certain legality later they will find some flaws in that legality when people will loopholes and the same would be altered a lot of times before they would be a final verdict on it's legality. Thinking about it this way I think 10 years is a very less time to finalize such laws all around the world. I don't really think bitcoins could become a finalized legal tender in just 10 years.

They can amend laws while the existing law is in effect then implement the new law invalidating the old one. Once Bitcoin is legalized, it is legalized no matter how many amendments they do on it, unless they forfeit it.  So I believe 10 years is long enough to establish Bitcoin as legal tender, amendments to improve the existing law about Bitcoin can follow.