Post
Topic
Board Bitcoin Discussion
Re: What will Bitcoin look like in the future?
by
Samlucky O
on 18/06/2024, 01:07:25 UTC
What is the future of Bitcoin?
I believe the future of bitcoin is already bright, but the problem I fear is transaction fee. Because after so many halving, it will make bitcoin more scarse and the transaction fee keeps on increasing making it almost impossible or difficult for the Common man to transact freely. I fear that very soon sending $10 to a wallet may lost forever because the minimum to recieve in a wallet may be $15 or even $20 so the transaction fee is because more expensive than usual.

We know where it was in 2009, where it is now (2024), but where is it going?
Bitcoin is, and will continue to be a great Digital asset and a store of value that everyone will wished to have owned, expecially those that didn't invest earlier or those that was doubting alot about it.

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please  Grin
Bitcoin can not make everyone free. Bitcoin is not a free money rather an asset that appreciate in value in due time . So surely you must Invest and HODl for a longer period of time before expecting something tangible.

Secondly government can not control bitcoin because it's a decentralized system which implies that it is not controle by any public entity but by the nodes on the blockchain. each transaction is recorded and duplicated in the public leger among the nodes so this makes it impossible for any transaction to be tampered.