Post
Topic
Board Legal
Re: Could Bitcoin be the Public Currency of the Future?
by
teosanru
on 25/02/2022, 21:30:00 UTC
Could Bitcoin be the Public Currency of the Future? I`m new to this topic.
 So I would like to know if you think the opportunities, risks, advantages, and disadvantages of Bitcoin are our future currency.
 And if you think it can happen, what will
 Bitcoin be for us in the next few years? What will we pay for in the next 7-10  or 15 or 20 years?
No matter how strongly I want to say yes, the answer will be a no only. The average block time and the traffic congestion on the network will not really allow it to become a currency for the general public. One cannot really wait for 5-7 minutes for just one transaction to get approved, secondly, fees which recently have come down after segwit but are still quite high if you see from a daily transaction perspective. But yes definitely some cryptocurrency can be used as an alternative to fiat, something which is very fast and cheap at the same time and still is highly secure. Even if it comes in form of CDBC you will definitely be using only cryptos in next 10 years.