Do you believe a Crypto Currency is the Future?
 

Do you think that the blockchain is the future.
Do you think that crypto currency such as Bitcoin is the future of money?
Do you think that smart contracts created using platforms such as the ethereum network will be the future of paper contracts?

The moment the gov decides to shut it down it goes down...no power stands behind it...

My answer is yes, but not in our lifetime.

Right now there are just too many issues keeping something like Bitcoin from becoming anything more than a niche item.

That said, I think eventually something like it could have a strong presence. A global decentralized currency is a great idea but it could take decades to get to the point where enough people trust it and use it for it to become very popular. I could even see a future where a cryptocurrency is the main global currency being used but that isn't going to happen for a very long time.

I am not just talking Bitcoin. I am talking all crypto. Mainly anything that uses the blockchain.

Actually, I am not sure how you can shut "it down" - by which I presume you mean bitcoin. That's like saying "they" will shut down the internet.

Agreed, as soon as the government allows it to be a real currency, then it instantly loses it's anonymity and the luster is gone, no point anymore and it crashes. Ask why do you use bitcoin? It's easy? No, it's way harder to use, less accept it etc.......You use it to hide what you are doing for whatever reason. When that is gone what is the point?

Agreed, what about smart contracts?

Idiots, idiots everywhere.

I have a somewhat limited understanding of them but from what I do understand about them I can see something like this becoming more and more popular fairly quickly. More and more things are becoming automated, it only makes sense that something like this follows suit.

Editor from wired.com just wrote a huge article on exactly what I said. Most people use BTC and ETH because they don't want it known what they are doing. Or they just use regular means. What is the advantage when it's not private anymore? Tell me? When it's not a tax evasion method or way to buy illegal things who is going to use it? Mac users? Linux users? While the other 95% stick with current backed insured currency. Really who is the idiot here? He compared it to linux in the late 90's and early 2000's. It was secure, it was private it was unique and really cool and the FUTURE they said. 20 years later windows still rules 95% of the market for home users. Linux runs servers. BTC will find a small niche somewhere for something, but it will never see mainstream adoption like you blindly hope for. Give me one good reason consumers (not business contracts) will turn to something not insured, not easy at all to use for most of the population. Requires net access which most of the world still doesn't even have.

fuck yes bro and printing more now

considering the rampant fraud & abuse on the internet...& that you have to take your wallet offline to keep it safe...you can forget about the masses feeling safe with a cybercurrency. your gonna need a new internet first.

& a way to spend it during power outages/earthquakes/disruptions. what good is a safe currency you cant use?

poor people LOVE cash. :2 cents:

it is obviously PART of the future. maybe someone 60 years ago said "credit cards are the future" and we still have cash. AND credit cards. AND some other stuff. there is no "THE" future, just parts of it with varying prominence.

my prediction in 2005 about dubstep kicking off (albeit mutated as fuck) was on point, probably my "no" to this poll is just as valid.

Do you think that the blockchain is the future -> YES
Do you think that crypto currency such as Bitcoin is the future of money -> NO
Do you think that smart contracts created using platforms such as the ethereum network will be the future of paper contracts -> YES

I used digital currency heavily during the sanctions against my country, now it was not "cryptocurency" and "decentralized" but the moment they go after the exchangers is the moment the value plummets to zero...seen it happen over and over and over...evocash RIP 1mdc RIP egold RIP liberty reserve RIP...

also it is super complicated for new users and will not catch on like Paypal or CC...

"They" can shut down whatever "they" like including the internet and pseudo currencies.

They can't shut it down they just block access.

You guys know about Factom?

Jesus.

Whatever.

It is still way to hard to use. Try and get your mom to do it.

Crypto is too big to fail now or at least the technology behind it. I dont see bitcoin staying top dog but i bet its what most people use.

I lack belief in all the things in life ...

I don't think it's hard at all once you have the funds in your wallet. The hard part is getting it their in the first place but that may come later as more people are paid in bitcoin.

Once you have funds in your wallet it's as simple as opening your wallet like you would any other program, going to send and entering the address of the recipient.
Enter a password and press send. Not exactly hard is it. In fact, much like sending an email.