Unless you’re either really lucky in life (and use cards everywhere you go) or really unlucky in life (and have no money to spend) then you will use cold, hard cash on a weekly basis. To shop online and offline, to pay bills, to donate to charity, etc. Money is usually a physical object, with coins and notes weighing down your pockets. But it isn’t always physical.
Some currencies are virtual, existing in the digital realm but having no weight or substance. Bitcoin is one such virtual currency; one that is being discovered by the mainstream in increasing numbers. For this week’s We Ask You column we want you to air your views on virtual currencies in general, and Bitcoin in particular.
This Week’s Question…
We want to know, What Does The Future Hold For Virtual Currencies Such As Bitcoin? Before you can tackle answering that question in a way that will add value to the discussion you’ll need to first understand what Bitcoin is. Thankfully we have a guide to Bitcoin waiting for you to download.
Justin recently wrote an excellent feature looking at the different ways Bitcoin could be used in the future, and it seems there are at least two distinct schools of thought in this regard. Some see it as the online currency to rule them all, whereas others think it will be used to undermine governments.
This is, of course, where you enter into the equation. For Bitcoin, and other virtual currencies like it, to succeed, people such as yourself will have to adopt it in large numbers. Can you see that happening? If so, will it happen quickly or take decades of slow-but-sure progress towards mainstream adoption?
Can you see a time when Bitcoin usurps real-world currencies such as the dollar and rupee? Are you at all interested in acquiring Bitcoins, or even mining Bitcoin yourself? Do you even understand what a Bitcoin is and how it works? If you were to design a virtual currency yourself, how would you do it? Ultimately, what does the future hold for these efforts? Are they doomed to fizzle out or fuel the online world for years to come?
All comments will be digested to form conclusions in a follow-up post next week where we will detail what You Told Us. One reader will be chosen for the coveted Comment Of The Week, getting their name up in lights, and the respect of other readers. What more motivation than that do you need to respond?
We Ask You is a weekly column dedicated to finding out the opinions of MakeUseOf readers. The questions asked are usually open-ended and likely to necessitate a discussion. Some are opinion-based, while others see you sharing tips and advice, or advocating tools and apps to fellow MakeUseOf Readers. This column is nothing without you, as MakeUseOf is nothing without you.
Image Credit: Zach Copley