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re: It’s time to revisit Bitcoin potential. Where do you think it’s going?
Posted on 2/12/21 at 6:20 am to 13SaintTiger
Posted on 2/12/21 at 6:20 am to 13SaintTiger
Most everyone thinks its going up. I will use it when it serves my purpose.
The part that bothers me is the lack of well thought out long term predictions. I've watched interviews with some bright minds who all agree 100+ short term.
But what happens in 10 years? What if someone makes a better coin? Bill gates talked about this in an interview once.
Is something better possible? What would happen to BTC value?
The part that bothers me is the lack of well thought out long term predictions. I've watched interviews with some bright minds who all agree 100+ short term.
But what happens in 10 years? What if someone makes a better coin? Bill gates talked about this in an interview once.
Is something better possible? What would happen to BTC value?
This post was edited on 2/12/21 at 6:26 am
2
Posted on 2/12/21 at 6:26 am to down time
The only thing that will potentially kill Bitcoin is the Fed and their soon to be released coin (testing of code is already underway).
They’ve already set the stage by saying it’s used for funding terrorism and it needs to “be looked at”.
They will delegitimize Bitcoin however they can, even if that only means starting UBI (or the 5th “stimulus”) via fedcoin, instead of passing direct legislation against decentralized currency
They’ve already set the stage by saying it’s used for funding terrorism and it needs to “be looked at”.
They will delegitimize Bitcoin however they can, even if that only means starting UBI (or the 5th “stimulus”) via fedcoin, instead of passing direct legislation against decentralized currency
Posted on 2/12/21 at 8:31 am to down time
quote:Bitcoin is about 12 years old right now. I think it is entirely possible for a better coin to come along but it would have to also have all the other properties that make bitcoin what it is (deflationary, decentralized, irreversible). Given that bitcoin is just now becoming mainstream, with momentum building everyday, I don't see how another coin takes over within 10 years. 15-20 years? Entirely possible. If bitcoin does become a world reserve settlement layer, it will be here for good.
But what happens in 10 years? What if someone makes a better coin? Bill gates talked about this in an interview once.
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