Which crypto currency becomes the future payment system

Discussion in 'Digital Currencies' started by bron.suchecki, Nov 28, 2018.

  1. JOHNLGALT

    JOHNLGALT Well-Known Member

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    "For sure any government can create or convert their currency to digital. Many benefits to digital currency. The increase in tax revenue will more than pay for it.
    But no way will it be mined, first it is a waste of electricity and second why would any government want to relinquish control of supply?".


    'THEY' have gained your attention, so the next thingy is to tell you how STUPID you are for not seeing the benefit of being @[email protected] by $#[email protected]!N & fellow CRYPTO_$#!T
    Please thank me later, ........ AFTER THE RESET (gold & silver). _JOHNLGALT.

    p.s. If you are upset by the FONT, COLOUR, BOLD, TYPESET, & general Demeanour of the messenger, please disregard the message & cop the consequences of your prejuices.
     
    Last edited: Oct 17, 2019
  2. JOHNLGALT

    JOHNLGALT Well-Known Member

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    "and second why would any government want to relinquish control of supply?"

    They FUCK!NG [email protected]"T you idiot, that is why 'THEY" are pushing [email protected]$#!T.
     
  3. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Not too smart for this little Ducky, that is why I prefer 'REAL MONEY' G. & S.
     
  4. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Why are you talking about peoples pre-juices you sick creepy old perv :confused:
     
    mmm....shiney! likes this.
  5. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Lol, I had to “unignore” the stupid old fool’s comment before that made any sense to me. :p
     
  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    but it is as simple as that for the masses, 99% of people think crypto is digital just like Visa and MasterCard.
     
  7. Jack2233

    Jack2233 New Member

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    As Bitcoin is the most valuable and popular cryptocurrency, it has many users, so I think that exactly this currency will become a future payment system. And I'm not alone. I look through crypto reviews on Bitcoin https://revain.org/projects/bitcoin from time to time (they are written by the independent crypto community members from their own experience) and know for sure that there are many optimists in this sphere who believe in the future of Bitcoin.
     
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  8. SilverDJ

    SilverDJ Well-Known Member

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    There seems to be a lot of recent groundswell for Bitcoin as the only "true" crypto, and hardware wallet manufacturers are bring out "bitcoin only" versions of their wallets to cater to this market (because many believe that supporting other cryptos makes them more vulnerable to exploits).
    Obviously Bitcoin isn't the solution for mass adoption, but it seems to have become the clear winner in the crypto field so far.
     
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  9. Jason1

    Jason1 Well-Known Member

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    Customer: Hi mr store keeper how much is the bread today?
    Shop Keeper: Hi mam its .00000354923 bitcoin, Oh wait now its .00000674923 oops now its .00000254983 oh its a good time to buy that bread now mam its .00000154973 quick before it changes again in the next 2 second and could be twice as much.
    Customer: Oh thats great I knew it was worth Hodling to get a better deal on the bread.

    Shop keeper:Oh sorry mam the internet just dropped out while processing that transaction so that bread now costs 4 times as much, Do you want to buy or Hodl?

    Scene 2

    Customer: the new deck looks great, how much is the deck costing me now?
    Worker: will be 4 bitcoin, Oh wait make that 2 Bitcoin, Yup its now 0.5 bit Coin.
    Customer: woohoo ok Ill pay it now
    Worker: Im sorry, I think I will have to wait this out I cant go home with only 0.5 bitcoin, my missus will kill me especially when it cost me 5 bitcoin in materials only 4 days ago


    I say f--k that reality lol
     
    Last edited: Nov 3, 2019
  10. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    The topic of this thread is "Which crypto currency becomes the future payment system.

    BTC will likely only become a widely adopted future payment system when the last BTC is mined, around 120 years from now because once that stage is reached and it is adopted by the masses it will have a stable price as it won’t be subject to inflation.

    So your scenario with bread and decks above would not happen.
     
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  11. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    What a silly post :rolleyes:

    Replace those BTC numbers with gold and silver coins or bars, or any other non cash asset and it's just as ridiculous

    Nobody is saying crypto is going to take over the monetary system or be used for everyday essentials like bread and milk, and to be honest anyone who thinks that will ever happen in our lifetime needs to take the tin foil hats off their head
     
  12. Jason1

    Jason1 Well-Known Member

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    "Nobody is saying crypto is going to take over the monetary system or be used for everyday essentials like bread and milk, and to be honest anyone who thinks that will ever happen in our lifetime needs to take the tin foil hats off their head"

    exactly my point. Its lunacy
    Except there are allot of crypto pumpers who think it will take over the monetary system, some even on this thread have eluded to it
     
    Last edited: Nov 4, 2019
  13. openeyes

    openeyes Well-Known Member Silver Stacker

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    Why is it so far stretched from current electronic banking. Banks lose plenty through fraud. A token based crypto could (perhaps) secure this somewhat. Can’t quite see what the stretch is there.

    I don’t see crypto’s becoming worth a Godzilla dollars but the principle certainly seems like it will be used in broad banking scenarios. Let’s see.
     
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  14. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Distributed ledger technology is likely to not only replace our current payment systems but also contracts, titles, provenance, decision making processes - anything that requires storing and access to public data. It’s a better method than what we currently use. The latter examples will happen (in fact are happening) before we’ll start seeing cryptocurrencies being exchanged for goods by the masses.
     
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  15. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    Yes, the technology will absolutely be integrated into society moving forward, especially the examples given above but to suggest mass adoption as a pure form of currency, and to replace the current monetary system is what I don't think happens in our lifetime
     
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  16. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    It might be used for other things but never as currency. Imagine if Trumpty Dumpty and his crew couldn't print money from thin air! Hahaha!
    Cryptos are far to limited.
     
  17. alor

    alor Well-Known Member Silver Stacker

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    connecting the dots, like apps wars
    the fight for your finger tips and your stored value
    this even by past the banks and telco companies
     
  18. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Far too limited to replace government issued fiat? In what way?
     
  19. openeyes

    openeyes Well-Known Member Silver Stacker

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    Bitcoin that has an agreed limit so perhaps that makes it unrealistic. But crypto tokens dont have to be limited like that. They could print to their hearts content. It’s just another form of the same thing to me with more control. Perfect for government I would have thought.
     
  20. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Because there are only so many so they are limited in that way.
     

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