Future of Cryptocurrencies
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Worlds First BITCOIN ATM Opens in Vancouver Canada - Is CryptoCurrency the Future Currency? - YouTube

Sami Ielasi's insight:

 but now the introduction of a bitcoin ATM in Canada shows that it may very well be the currency of the future. The ATM allows users to withdraw physical money (USD) for their bitcoins. Cryptocurrencies are already being accepted as a valid currency online allowing people to buy things of sites like amazon but also allowing a large amount of black market trade to occur online. This however was shutdown by the FBI through the use of the bitcoins and the bitcoin public ledger. Because bitcoin doesn't require personal information many people felt that it was a way for black market trading to go unpunished due to anonymity of it. Once the black market site (silkroad) was shut down the bitcoin dropped in value a fair amount but then rose back up within the day. This shows that people believe the currency to be accepted not for the anonymity but the convince and the belief they have in cryptocurrencies being a valid item for trading.  

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Sydney real estate agency begins accepting bitcoin

Sydney real estate agency begins accepting bitcoin | Future of Cryptocurrencies | Scoop.it
Sydney real estate agency Forsyth Real Estate has begun accepting virtual cryptocurrency bitcoin for house deposits and property advertising, through a partnership with Australian bitcoin payments provider CoinJar.
Sami Ielasi's insight:

By allowing bitcoins into the real estate market it shows that cryptocurrencies have already began to be treated as a normal currency. The purchase of cheaper objects has been the main use of bitcoins in the past as there is no real threat of losing such a small sum of money. Many years later now and the value of a bitcoin has grown exponentially meaning that 1 bitcoin is worth around $1000, making it a much more valuable currency.  This growth has meant that people spending the bit coins where trading in much higher values and that people would begin to use it to purchase big ticket items. Having a home purchasable through this currency allows people to trade internationally without the exchange rates being a real factor. This proves that if the price of bitcoins stays on a steady rise it will be treated as a much more effective currency in future society. 

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Bitcoin, Meet Darwin: Crypto Currency's Future - InformationWeek

Bitcoin, Meet Darwin: Crypto Currency's Future - InformationWeek | Future of Cryptocurrencies | Scoop.it
First-movers rarely survive, but some experts see a real future for government-issued crypto currency.
Sami Ielasi's insight:

Bitcoin is just the begiinning of the cryptocurrencies, over 100 other cryptocurrencies have already been created and this is just the by private companies. Many think crytpocurrencies are to vulnerable to attack and that has been proven a few times with several ddos attacks on cryptocurrency exchanges. Bitcoin was the first created cryptocurrency and from there it is only growing to become a more stable and safe currency throughout the world. In 5 - 10 years bitcoin will most probably be gone or a dead trade as it will be replaced with a safer, more reliable and wider accepted currency backed by the government. The governments of nations will soon be creating cryptocurrency which will begin to phase out the everyday currency we use now. 

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BITCOIN: Is It A Future Currency Or Asset Bubble? - Business Insider

BITCOIN: Is It A Future Currency Or Asset Bubble? - Business Insider | Future of Cryptocurrencies | Scoop.it
Business Insider
BITCOIN: Is It A Future Currency Or Asset Bubble?

Via Pekka Puhakka
Sami Ielasi's insight:

Bitcoins to many people, offer a state of uncertainty to them. Many people feel that they are to be treated as a valid currency in more places but many countries and banks feel that they are a uncertain and dangerous investment. A few countries have accepted it and started taxing the currency while others have began banning the trading of cryptocurrencies such as bitcoin. The creator of the bitcoin does believes the currency does not rely on the governments but the people who trust and invest in the currency. People are already proving this to be a valid point as  we have seen a very large growth in the bitcoin, at one stage a man had bought $27 dollars worth and now his investment has paid off and the current value of his bitcoins are about $600,000. This shows that the currencies are depended on peoples trust, but the issues still stand will other crytpocurrencies also begin to rocket like bitcoins or will they become a far to risky investment. Cryptocurrency could very well become the currency of the future in 5 - 10 years. 

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