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(Independent)   Bitcoin will replace traditional currency "within a decade", according to Bitcoin trading platform eToro. Well, i guess that settles it. Time to get on the Bitcoin train   ( independent.co.uk) divider line
    More: Unlikely, Money, Imperial College London, cryptocurrencies, Dr ZeynepGurguc, New payment systems, Professor William Knottenbelt, widely accepted method, viable technological update  
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244 clicks; posted to Business » on 09 Jul 2018 at 10:32 AM (18 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



26 Comments     (+0 »)
 
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2018-07-09 09:26:46 AM  
Say what you like about tulip bulbs and bitcoin, they both have a certain amount of utility.  And fundamentally, they're both worth about the same amount of real money.
 
2018-07-09 09:33:38 AM  
I might buy some when they hit zero :) But only some.
 
2018-07-09 10:18:34 AM  
Shouldn't we wait to board until returns from the maintenance shed?
 
2018-07-09 11:26:52 AM  
Nice try, luddites, but my Bitcoin portfolio is still up 900% since I bought in.  You're a fool for not getting these awesome 850% returns.  If you had gotten in when I did, you'd be up 775% by now.  But hey, if you don't like getting returns of 625%, you have only yourself to blame.
 
2018-07-09 11:28:09 AM  
who has better vacation ideas than AAA? according to this AAA guidebook, no one
 
2018-07-09 11:40:54 AM  
What is the current Beenie-Baby to Bitcoin exchange rate? Asking for a friend, of course.
 
2018-07-09 11:59:43 AM  
They just didn't say which decade.

/is never a decade?
 
2018-07-09 12:02:19 PM  
Good thing Farkers have 401(k)s and Social Security to fall back on when hyperinflation due to unserviceable debts kick in.

/oh wait
 
2018-07-09 12:23:43 PM  
The dollar is both a digital and physical currency. I very seldom use the later.
 
2018-07-09 12:25:38 PM  
Yeah, it'll replace traditional currency when the US and Europe decide to let a bunch of hackers control their money supply. Which is to say, never.
 
2018-07-09 12:26:34 PM  
Maybe if the blockchain could handle more than 7 transactions per second.
 
2018-07-09 12:34:44 PM  
Train? It's more like a large ship, steaming too quickly through a field of icebergs.
 
2018-07-09 12:37:35 PM  

TheRealist: unserviceable debt


All US debt is in US dollars.  If the US dollar suffered any large scale inflation then the US debt would simply vanish in a puff of inflation, and voila!  No more debt.

It really is quite beautiful.
 
2018-07-09 12:49:00 PM  

TheRealist: Good thing Farkers have 401(k)s and Social Security to fall back on when hyperinflation due to unserviceable debts kick in.

/oh wait


Is that what's causing hyperinflation now?  I thought it was Fartbongo's Fartfed printing trillions of Fartdollars.  Thank God I bought all that gold in 2011 to prepare for the hyperinflation.
 
2018-07-09 12:59:34 PM  
You'd be better off jumping on the man-train

Results will be the same
 
2018-07-09 01:10:26 PM  

LeroyB: What is the current Beenie-Baby to Bitcoin exchange rate? Asking for a friend, of course.


Fool. Everyone who is in the know knows that Flooz and Beenz are the next big thing in digital currency. I'm already in on the ground floor; there's still time for you too if you act now!
 
2018-07-09 02:14:04 PM  

Marbleisheavy: They just didn't say which decade.

/is never a decade?


Same as the decade of the linux desktop.
 
2018-07-09 02:31:57 PM  
It would be more believable if they'd said "company scrip" instead of bitcoin.
 
2018-07-09 03:28:00 PM  

Marcus Aurelius: TheRealist: unserviceable debt

All US debt is in US dollars.  If the US dollar suffered any large scale inflation then the US debt would simply vanish in a puff of inflation, and voila!  No more debt.

It really is quite beautiful.


Then there are the interest payments on said debt, currently at 7%/year or $350B and climbing rapidly.
Beautiful situation for the government maybe, devastating to citizens/savings accounts/tax revenue.

Bitcoin won't kill the USD, the Fed is doing a fine job of that already, quite beautifully.
 
2018-07-09 04:05:19 PM  

Dick Gozinya: LeroyB: What is the current Beenie-Baby to Bitcoin exchange rate? Asking for a friend, of course.

Fool. Everyone who is in the know knows that Flooz and Beenz are the next big thing in digital currency. I'm already in on the ground floor; there's still time for you too if you act now!


Can you send me a CueCat code so I can scan it in and go to the Bitcoin buying site?
 
2018-07-09 04:09:16 PM  
I doubt the power grid can handle so many transactions.
 
2018-07-09 05:27:40 PM  

deadsanta: Yeah, it'll replace traditional currency when the US and Europe decide to let a bunch of hackers control their money supply. Which is to say, never.


The Internet Research Agency says hi, and thanks for letting a bunch of script kiddies hack control of an entire country and its economic clout!
 
2018-07-09 07:04:00 PM  
I love it when the fanbois insist the blockchain is a game changer that takes out all possibility of fraud and manipulation providing an objective inviolate basis for a crypto.

Then I ask why there is Ethereum and Ethereum Classic.
 
2018-07-09 08:14:37 PM  

natazha: I doubt the power grid can handle so many transactions.


Elon Musk will build a Dyson Sphere to cover the energy use.
 
2018-07-09 08:44:37 PM  
Quantum computers are already at 50 qbits and soon will be able to break the encryption of bitcoin. I don't know when commercial quantum computers will come along, but by then crypto currencies will be worthless.
 
2018-07-09 09:43:37 PM  

Nowhereman: Maybe if the blockchain could handle more than 7 transactions per second.


Mad_Radhu: natazha: I doubt the power grid can handle so many transactions.

Elon Musk will build a Dyson Sphere to cover the energy use.


Why?  It's already been done.

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