Re: Will bitcoin be the ideal currency of the future?

Quote from: noormcs5 on Today at 09:57:30 AM

Quote from: BlackHatCoiner on April 22, 2020, 05:46:56 PM

When I say ideal I mean:

People cannot born them from blown air and some day they will not be able to earn from coinbase's rewards.
Over time, it will still have value.
It cannot be spoiled by human.
It is decentralized, no one controls it.
You can send/receive the currency really quickly.

These are some basics requirements for the ideal currency. But I have a question. There are public and private keys out there. You can take anyone's public key and send him/her bitcoins. In the future, like 2100, you understand that technology is advancing. Those years I believe that brute forcing a private key will not be something impossible. Do you think that bitcoin will be spoiled by human in the future?

Should bitcoin use SHA512? Or something even stronger?

Bitcoin is the ideal best currency of the world but the only issue is that it is decentralized. Due to this, government and institutions does not encourage the use for bitcoins and crypto. Governments have plans to introduce their own digital currencies so that they have full control over it.

Today one of the mass adaptation is the use of the bitcoin many people now are rapidly making some improvements regarding the with use of the bitcoin. Bitcoin is one of the most and secured coin also there are a lot of benefits regarding with the use of it because first, it has less transaction fee at the same time it does not have taxes unlike the fiat currency that's why many people now are using this kind of currency to make more lessen the fees. Also with the use of bitcoin we can now make a lot of profit because we have the trading which you just need to monitor the market price of the coin and grab the opportunity to put your money and predict the next market movement of it. Next, we have the investment that you are only putting the amount of the bitcoin into your wallet and wait to the income but it takes for over a few months before you will get your earnings. Next is the gambling most of the gambling platforms today are supporting the deposit of the bitcoin which is more convenient to us because we are using this today. There is a chance it takes time before we adopt this kind of payment because the government must still handle this kind of payments to avoid getting abuse.