• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

Is bitcoin and cryptocurency the future of money?

  • Thread starter Thread starter Hasan Raza
  • Start date Start date
Crypto Currency is a general term used in describing coins that are volatile and decentralized in a nature, there is no difference between Crypto Currency and bitcoin because Crypto currency is a family name.
 
I recently had to register for a private firm instructionand surprisingly when i was asked to make payment, it was in crypto currency. The world is becoming digital and more and more people are adjusting to times.
 
Hasan Raza said:
Bitcoin, an electronic coin, was the first cryptocurrency, which was introduced in the year 2009. Since then, several different cryptocurrencies have sprung up and are making rounds in the market. Bitcoin is a part of a decentralized and distributed digital cash system, which is measured using the digital ledger known as the blockchain transaction database. So, if your next questions are "why use cryptocurrencies" or "why use Bitcoin", then read on to get the answers for these queries.
Click to expand...
It is possible to distinguish blockchain technology entirely from bitcoin. In reality, this virtual currency is no more than a blockchain application. It appears in reality that the blockchain makes several other applications possible as well. 'Smart contracts' are, for example, a promising development. Contracts on each form for issuing a bank guarantee. It's an activity that needs time. More productive and sophisticated if we incorporate blockchain technology.Making Crytocurrency the future of money.
 
Hasan Raza said:
Bitcoin, an electronic coin, was the first cryptocurrency, which was introduced in the year 2009. Since then, several different cryptocurrencies have sprung up and are making rounds in the market. Bitcoin is a part of a decentralized and distributed digital cash system, which is measured using the digital ledger known as the blockchain transaction database. So, if your next questions are "why use cryptocurrencies" or "why use Bitcoin", then read on to get the answers for these queries.
Click to expand...
We are in the digital era, and strongly doubt if any government or financial institutions Can stop the revolution. Cash and fiat money will still be around for, but may become limited in supply as the need for it decreases.
 
Point of correction, bitcoin was not introduced in 2009,you'll say it started gaining it's ground. Bitcoin and other crypto currency are the future money because people even like getting paid in crypto currency
 
Hasan Raza said:
Bitcoin, an electronic coin, was the first cryptocurrency, which was introduced in the year 2009. Since then, several different cryptocurrencies have sprung up and are making rounds in the market. Bitcoin is a part of a decentralized and distributed digital cash system, which is measured using the digital ledger known as the blockchain transaction database. So, if your next questions are "why use cryptocurrencies" or "why use Bitcoin", then read on to get the answers for these queries.
Click to expand...
The parallels between the Internet and crypto are stunning. Until Mosaic, the Internet was publicly funded and primarily used an academic setting. But enlightened policymakers decided to legalize commercial activity on the Internet. While, the Internet’s commercial use started with most people and businesses not knowing how to connect or use the Internet, the rails were put in place that would eventually change the future of everything.
 
Cryptocurrency is the future of money .its happening already now as people and businesses now accept Crypto as a payment method.
 
One thing I can say about bitcoins that is likely to rise in value again in the nearest future. Overtime I think it will be backed by gold standard, when this happened there is possibility that is going to be what legal tender. That is, most of the world government we approve it as their official currency for transactions. That is why it is still good to invest in his despite the fact that the price is a bit expensive.
 
I believe cryptocurrencies will be the future of money. But whether it will be Bitcoin is what I'm not sure about. But for now, Bitcoin is still at the Top... So it's probably going to be Bitcoin still leading in the future........
 
as for me. crypto currencies will be the future money coz starting this year a lot of people paying and receiving crypto money as they payment for something they want to buy and they want to received in return, maybe starting this will it will rise up. But who knows
 
It may be if the whole world agree to have only one currency and it will be Bitcoin because it has been in existence for long time it has never park up. Moreso, it is the one that get highest traffic of people among the other cryptocurrency.
 
Robrown83 said:
It may be if the whole world agree to have only one currency and it will be Bitcoin because it has been in existence for long time it has never park up. Moreso, it is the one that get highest traffic of people among the other cryptocurrency.
Click to expand...
The whole world can not agree to have one Currency because countries are more powerful than each other, despite that bitcoin is been propagated it will still measure with dollar equivalent
 
Cryptocurrencies and digital money at large are the future of money, that much is clear, but in order for cryptocurrencies to fully generate and create the promised benefits it is increasingly clear that incumbent institutions must be brought into the conversation.
 
ahmedo24 said:
The whole world can not agree to have one Currency because countries are more powerful than each other, despite that bitcoin is been propagated it will still measure with dollar equivalent
Click to expand...
Why the whole world can not agree. Do you that all the west Africa countries has been planning to be spending one currency likewise Europe. So why the whole world can't be possible. Moreover, I wrote maybe if they agree it is going to be Bitcoin.
 
African countries won't take any decision spending bitcoin as a common coin , they will want to watch how other countries are engaged in the activities of Crypto currencies before they take their stands.
 
Yes I totally feel bitcoin and cryptocurrencies is the future definition of money. Take for example pi that is not yet in the market and see what it is currently doing in some nation that have set up a pi mall in anticipation of it's main net.
 
I will tell you yes because the whole world is trying to go cashless, and bitcoin portray all the features a cashless money transaction. It is faster than the traditional way of sending money through physical mail. Bitcoin will be the feature of money.
 
bitcoin and other cryptocurency are the future of money very soon cryptocurrencies will be recognized all over the world, payment will be made quicker and faster both online and offline
 
Bitcoin, an electronic coin, was the first cryptocurrency, which was introduced in the year 2009. Since then, several different cryptocurrencies have sprung up and are making rounds in the market. Bitcoin is a part of a decentralized and distributed digital cash system, which is measured using the digital ledger known as the blockchain transaction database. So, if your next questions are "why use cryptocurrencies" or "why use Bitcoin", then read on to get the answers for these queries.
 
Bitcoin is actually the future of cryptocurrencies because of the milestone that it is currently breaking the history that it is currently making the institutional investors that are currently investing in the coin all this and all other achievement as made Bitcoin the future of cryptocurrency. I still see usdt coin as another coin that will trend mostly for payment purposes.
 
You must log in or register to reply here.
Back
Top