i agree, but some day in near future things start to change we slowly but steadily entering in digital century with new monetary systems. My thoughts BTC and other crypto's will be there as a main thing.
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Hopefully.
why not? we already comparing btc as a digital gold and it keeps rising in value over ten years right now. So if we have so long over 5000 years physical gold and about 70 years etf and future contracts (please correct me if I'm wrong) so if we think logically - btc is mineable and after 2020 when halving happens it will be 50% harder to produce new btc's. So the cost of electricity will be more higher and the value of bitcoin should rise as well right?
Will governments allow their control over money to just go away? Digital fiat may be more likely...
Digital gold seems possible for bitcoin. Replacing the current monetary system seems less likely.
with all respect, i agree that they won't let go so easy. That's why we have such a brilliant privacy projects and coins like dash,zcash, monero. they are secure and governments can't control them or either shut them. Other decentralized projects do the same.
But we have much bigger things: and today and tomorrow we have a situation that USA have a huge debt ( that thing growing daily) and other thing is this private organization called: FED and with help of Central banks they printing fiat-currency like crazy thin air (1trillion per year aprox). and that's why we have inflation and the thing is the dollar not only losing value every day(actually there is no value at all) but because of that, with those interest rates is worse thing is that they creating the global market recessions -and manipulate them. Believe me or not. But the sad true is -they can't stop printing because if for somehow they will decide stop printing - it will ruin all economy. So my conclusion: I'm truly believe in bitcoin and other decentralized crypto's as a save haven and when recession start and things start getting worse because of all bad economical factors occurs -bitcoin should rise. that is the point of btc. Remember when first time Satoshi white paper was released publicly in 2008 when stock market bubble burst and we been in a recession. @Jrcornel thank you for help me remind all the things that happening in the world right know.
Correct, but the government could outlaw those coins at any moment. Which won't stop them like you mentioned, but it will certainly limit their usage and will dramatically impact their prices.
I think bitcoin has a chance to be a store of value and capture some of the gold market, beyond that I don't have a lot of confidence in any of the currency coins. Platform coins have a chance though.
True, they just can simply BAN crypto. That is what they did it with precious metals in the Gold Standart monetary system. But After all gold price shoot through the roof.
Honestly me too. Just few of them btc, ltc and few the real world use case coins. You just mentioned "Platform coins'' do you mean ADA/EOS etc. or more something else ?
I honestly am not a fan of litecoin at all. I don't see a competitive advantage with it. It is still much too slow and too volatile to be a means of payment. Perhaps with lightning it will be better equipped?
Platform coins would be like ether, eos, steem, and basically the major coins that can be built upon.