They never think about that and it's impossible to see US tries to seen bitcon at the same level as fiat money which is having a stable value. It looks like the fact that bitcoin will be very suitable to become a commodity such as gold to store our value.I'm doubtful about thatthe USA that i believe sees BTC as a direct rival to the USD
Agree with youThey never think about that and it's impossible to see US tries to seen bitcon at the same level as fiat money which is having a stable value. It looks like the fact that bitcoin will be very suitable to become a commodity such as gold to store our value.I'm doubtful about thatthe USA that i believe sees BTC as a direct rival to the USD
We have a lot of coins just like privacy coin that more scalable and better on its technical view to become a payment system. I used privacy coin like veil to create any payment system and create a transaction with others. It's much better rather than bitcoin.
I quite agree with your inference on this topic but I only have one thing to add: Bitcoin is not the future of money, CryptoCurrencies are.Many websites today now accepts BTC as a mode of payment to shop online, even physically some South Africa shops accept bitcoins to make in-store purchase, there are bitcoin ATMS in some countries. So could bitcoin really be the future of money worldwide, the USD as been deemed as a universal currency yet you still have to exchange USD to local currency before you can spend it in most countries. But bitcoin are directly accepted and there are platforms/ exchangers that exchange crypto for local currency.
The only reason why bitcoin is not yet a worldwide medium of exchange is the decentralised attribute and its not been regulated. If bitcoin becomes regulated it might lose some of its advantages (the major reason why some people are in the crypto market), this is controlled by the USA that i believe sees BTC as a direct rival to the USD and wont let it be regulated.
Note: This are just my Opinion, if you have a different opinion please share.
But consider the fact that US consider bitcoin as a commodity rather than seeing it as the competitor to the fiat money. It will be so difficult to take over the bitcoin's position. Bitcoin is still lack on the privacy and that should become what has been created by veil to solve the coins that is still lack of privacy. But bitcoin must adopt the privacy that used by veil or veil can become an alternative choice for the privacy coin.That have the possibility of happening but there's plenty of new coin or altcoins that are as bright as bitcoin and could stand a chance to instead overtake bitcoin position. lately I've seen a coin that is quite interesting named veil and they are currently on an uptrend.
veil is basically a privacy coin so maybe that is a tad bit different than bitcoin but hey every coin have the chance.
I believe that we need only strong and working projects, I am against all these scam projects.The question is - do we really need so many crypto kinds? What do you think?I think that not only Bitcoin is the future of money, other cryptocurrencies also can become the future of money.
Users browsing this forum: No registered users and 2 guests