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Keith700

Bitcoin and its possibility of obsolescence

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It is understood that bitcoin and cryptocurrencies are a transactional evolution in many aspects, already recognized by many financial entities as the new internet financing law.
In a previous post I mentioned that Bitcoin when it is mined in its last unit, the miners will stop receiving rewards for mining and will only receive transactional commissions for each person who sends Bitcoin to someone else, this is a disadvantage of obsolence far away so far, but some scandalous regulation can flip all this evolution back.
The community is what decides the direction of Bitcoin and its allies.

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Bitcoin will be used like the Internet you are currently using and which was once unavailable to everyone and few people use it

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many points can be raised concerning the miners, as the event is very far away and many things will happen to the world and to BTC in the meantime, and we should also point that if BTC gets adopted as a global currency, the fees would sum to a huge amount

regulations are necessary up to a certain point, but they need to be evolved enough to adapt to this new world

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7 hours ago, Zzoro6110 said:

Bitcoin will be used like the Internet you are currently using and which was once unavailable to everyone and few people use it

Not all places in the country people can use bitcoin, because not all location has a good internet data connection. 
So this will depend on the area, so if ever that bitcoin will become a a world currency it means the internet are full improve in all places for sure.

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On 10/23/2019 at 5:13 PM, Zzoro6110 said:

Bitcoin will be used like the Internet you are currently using and which was once unavailable to everyone and few people use it

Yes there are many things evolved over time
And became part of our lives
Such as smartphones and social networking sites


 

Life is great and enjoy it

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On 10/24/2019 at 12:13 AM, Zzoro6110 said:

Bitcoin will be used like the Internet you are currently using and which was once unavailable to everyone and few people use it

This might be reason why some of the country don't want to accept this, it is because their nation is not fully develop and didn't saturate their place in terms of the internet connection. Where bitcoin so far can only be use thru internet of course without this it is useless due to can't able to use it.

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