1. Bitcoin Transactions Can Bitcoin become viable for everyday use, and will it become the dominant financial payment system in the USA and worldwide, within the next decade? What steps should the supporters of Bitcoin do to achieve that?
2. Bitcoin - Bitcoin is presenting an existential threat to the US dollar-denominated global payment system. The US Dollar became the global standard for transactions and payments since World War II and under the Bretton Woods system, only the US Dollar remained convertible into Gold. In 1971 President Nixon ended the US Dollar convertibility to Gold. Some suggested part of the reason was at that time the major Gold producers in the world were Russia and South Africa and Nixon did not want so much power in the hands of adversaries. Now China accounts for 65% of all bitcoin mining globally while the US accounts for 7.2%. Many other aggressive nations such as Iran, North Korea, and Russia, and competitors such as South Korea, Japan, Germany, and Taiwan are the other mining centers for the digital currencies and ICOs. Going forward should the US develop its own digital currency such as Fed-coin to ensure the dominance of the U.S. Dollar payments system? What are the prospects and challenges for the Fed-coin to become dominant in international transactions in the next decade? What are its financial implications?
3. Bitcoin Value: The two divergent views on Bitcoin are: Bitcoin value will be in excess of a $1 Million in 5 years and Bitcoin is a fraud like Tulip mania of the 16^th century and will drop down to zero dollars and will be worthless in the next 5 years. How much do you think Bitcoin will be worth 3 years from now in 2026? Why?