Bitcoin as Main Currency | Bitcointalksearch.org

taxmanmt5

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Quote from: deppil on March 23, 2017, 08:12:43 PM

Quote from: FasTroy on March 23, 2017, 06:13:29 PM

Quote from: TheGodFather on March 03, 2017, 10:31:31 PM

Quote from: MonkeyManofLife on February 12, 2017, 05:43:55 PM

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

It needs a lot of time to be this thing possible. Because we need to have a stable connection on every houses or must have to be an individual Credit Card or ATM Cards to use because Bitcoin only exists inside the internet. If this thing will happen, other currencies will fall as well. But as I can see, this will need a lot of time to make this happen.

Yes, I agree with what you said about It needs a lot of time to be this thing possible.
You are right, because it should be all of the population can log in internet connexion To allowing using btc. Because without internet we can't use it. I don't see that bitcoin will be a main currency in the near future.If it will be, Maybe it will take a long time.

even in the long term the possibility of bitcoin be the main currency in the world will be very difficult to happen. moreover opponent bitcoin is fiat in backing by the government.

Yes, a very difficult move to make, a long process to take, but then, once the government take place and accept the bitcoin, there will be no worries at all. All we need to work out is to approve the bitcoin by each government.

sunsilk

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Quote from: mastermold on March 24, 2017, 05:49:58 AM

No, it’s not going to replace the dollar, or any other fiat currency.

Yeah it isn't going to be the main currency of America, they are totally devoted and used to depend on their own currency which is dollars.

And besides, dollar is well known and being regulated by them and many other local currencies are depending their economies into it.

Quote from: mastermold on March 24, 2017, 05:49:58 AM

To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

No it isn't going to become successful that it will come to the point of making it as main currency.

AjithBtc

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Quote from: mastermold on March 24, 2017, 05:49:58 AM

No, it’s not going to replace the dollar, or any other fiat currency.

To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

Yeah it surely serves as a alternate for the financial system, but it will never get termed as a main currency to get used replacing the entire list of currency that have grown high with big years of standing as a backing for it. It will continue to be the leader same as the present situation.

mastermold

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No, it’s not going to replace the dollar, or any other fiat currency.

To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

jovs

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Quote from: avikz on February 13, 2017, 08:55:19 AM

I disagree with you. Bitcoin doesn't have the basic characteristics to become a mainstream currency, so becoming the currency of USA is not possible and not feasible for bitcoin. USA dollar is backed up by federal reserve whereas bitcoin is not backed up by anyone, just generated from a computer program. So it lacks the basic eligibility criteria.

Let bitcoin be used by the unorganized sector only and not by the governments. Because if money hungry government starts using it, then the general bitcoin users will be doomed soon enough. Either they will be put behind the bars or their bitcoin holdings will be take away by the government. So let it be at the same place as it is now.

US Dollar and Bitcoin is different in some aspect. Because dollar or fiat is a tangible currency that you can hold and may change value by the rate of currency through out the world. Unlike bitcoin , bitcoin is a crypto-currency that can only be use by the used of a wallet. Its value also change but it always depends on the rate of the bitcoin support by the community. And if you are talking about that bitcoin becoming a main currency is impossible, that is reason is you are always comparing things that is not alike. Because bitcoin can be a currency through the net for a faster transaction than ever before. For me that is the best reason for bitcoin on becoming a main currency.

deppil

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Quote from: FasTroy on March 23, 2017, 06:13:29 PM

Quote from: TheGodFather on March 03, 2017, 10:31:31 PM

Quote from: MonkeyManofLife on February 12, 2017, 05:43:55 PM

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

It needs a lot of time to be this thing possible. Because we need to have a stable connection on every houses or must have to be an individual Credit Card or ATM Cards to use because Bitcoin only exists inside the internet. If this thing will happen, other currencies will fall as well. But as I can see, this will need a lot of time to make this happen.

Yes, I agree with what you said about It needs a lot of time to be this thing possible.
You are right, because it should be all of the population can log in internet connexion To allowing using btc. Because without internet we can't use it. I don't see that bitcoin will be a main currency in the near future.If it will be, Maybe it will take a long time.

even in the long term the possibility of bitcoin be the main currency in the world will be very difficult to happen. moreover opponent bitcoin is fiat in backing by the government.

FasTroy

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Quote from: TheGodFather on March 03, 2017, 10:31:31 PM

Quote from: MonkeyManofLife on February 12, 2017, 05:43:55 PM

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

It needs a lot of time to be this thing possible. Because we need to have a stable connection on every houses or must have to be an individual Credit Card or ATM Cards to use because Bitcoin only exists inside the internet. If this thing will happen, other currencies will fall as well. But as I can see, this will need a lot of time to make this happen.

Yes, I agree with what you said about It needs a lot of time to be this thing possible.
You are right, because it should be all of the population can log in internet connexion To allowing using btc. Because without internet we can't use it. I don't see that bitcoin will be a main currency in the near future.If it will be, Maybe it will take a long time.

avikz

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This is a very foolish idea to have bitcoin as a main currency in USA. Bitcoin is not a real world currency by nature and structure. It is an anonymous and decentralized currency without any regulatory authority. It will create huge economic disparity around the world if it is accepted as a main currency in USA.

The most important thing is that bitcoin price is mainly based on public trust where the other currency is valued based on the gold reserve. So bitcoin can be accepted by individual merchants but certainly not by a country.

Satlite

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Quote from: TheGodFather on March 03, 2017, 10:31:31 PM

Quote from: MonkeyManofLife on February 12, 2017, 05:43:55 PM

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

It needs a lot of time to be this thing possible. Because we need to have a stable connection on every houses or must have to be an individual Credit Card or ATM Cards to use because Bitcoin only exists inside the internet. If this thing will happen, other currencies will fall as well. But as I can see, this will need a lot of time to make this happen.

That is right. That is the reason the bitcoin will coexist with other fiat in the long term.

TheGodFather

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Quote from: MonkeyManofLife on February 12, 2017, 05:43:55 PM

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

It needs a lot of time to be this thing possible. Because we need to have a stable connection on every houses or must have to be an individual Credit Card or ATM Cards to use because Bitcoin only exists inside the internet. If this thing will happen, other currencies will fall as well. But as I can see, this will need a lot of time to make this happen.

whizter

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Quote from: hawkins on March 03, 2017, 10:28:52 AM

bitcoin really has the potential to become a major currency. Well, bitcoin has been the major currencies on the internet, but not in the real world, because bitcoin has not been fully recognized by some countries. if bitcoin has been recognized, I think bitcoin will be the main currency.

yes that is right to say, there is n doubt about this that bitcoin has the potential to become the major currency of the world. although bitcoin has already the umber one digital currency but for overcoming fiat currencies it still need a lot of time, because still a few % of people are using bitcoin and when the users will increase then bitcoin will be the most popular currency of the world.

bravehearth0319

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Quote from: MonkeyManofLife on February 12, 2017, 05:43:55 PM

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

I'm not agreed with it, Let us stick on the original essence of what bitcoin is. Since it became famous all around the world, let us focus to that matter. Besides many are happy for what bitcoin so far right now.

noormcs5

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No, seriously I don't like it, I use bitcoin because bitcoin is a crypto currency and it is different and new technology on online. But first of all, it wouldn't be happened now and also in future, that bitcoin will be used as a main currency of America and any other more country.

Dhoe

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Quote from: iqlimasyadiqa on March 03, 2017, 10:01:25 AM

Quote from: vaxo_nba on March 03, 2017, 09:08:44 AM

I don't think many bitcoin users want their currency to become main. As for sure, we can't even dream about it for next nearest 10 years.

for the time is certainly real money is still the main currency. but we can predict that in future most countries would have difficulty getting raw material for paper. so it could have been bitcoin become an alternative. bitcoin a digital currency is environmentally friendly because it does not depleting natural resources.

I am totally agree that bitcoin is a digital currencies are environmentally friendly,
But if the issue of raw materials for paper money, I think the Government will always
have a stock about that. And it's (Fiat money) will always be a main currency.

ilovefeetsmell

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Quote from: MonkeyManofLife on February 12, 2017, 05:43:55 PM

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

The value of a dollar will be useless and worthless. No regulations on money or no monetary policy, it will become unitless. People would invest their money into bitcoin so it will drag money out and our economy would become unbalance.
There are also some difficulties of borrowing money in bitcoin because of the inflation rate. You can't determine what might gonna happen in the value of our bitcoin. Many investors and companies will be lost. I can't figure out the situation!

hawkins

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bitcoin really has the potential to become a major currency. Well, bitcoin has been the major currencies on the internet, but not in the real world, because bitcoin has not been fully recognized by some countries. if bitcoin has been recognized, I think bitcoin will be the main currency.

Reid

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Quote from: vaxo_nba on March 03, 2017, 09:08:44 AM

I don't think many bitcoin users want their currency to become main. As for sure, we can't even dream about it for next nearest 10 years.

Actually that is true. We have our own opinion about this bitcoin as mainstream currency.
I dont agree also with that. I dont want to see bitcoin falling to the officials of the government and just using it to milk money for their own profit.
In some way, I want it to be a currency for the online world, I mean no more other option but just bitcoin.
Better than making it like a physical money.

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Quote from: MonkeyManofLife on February 12, 2017, 05:43:55 PM

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

I am not a citizen of America but I am not sure how that will play out and reason being that USA is want to keep its influence over other countries of the world and one of the reason for that is because of the adoption of its currency I mean the US dollars and immediately they change to btc then I see that influence whittle down. Then there wont be room for them to give sanctions on countries or individuals not doing the right thing by freezing their accounts all over. That alone is something why I dont see them changing the currency to btc they find difficult to control.

iqlimasyadiqa

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Quote from: vaxo_nba on March 03, 2017, 09:08:44 AM

I don't think many bitcoin users want their currency to become main. As for sure, we can't even dream about it for next nearest 10 years.

for the time is certainly real money is still the main currency. but we can predict that in future most countries would have difficulty getting raw material for paper. so it could have been bitcoin become an alternative. bitcoin a digital currency is environmentally friendly because it does not depleting natural resources.

ReLieD

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Quote from: MonkeyManofLife on February 12, 2017, 05:43:55 PM

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

That might not be possible. There not a single percent chance for that scenario to happen.
USD is considered as the official currency for like conversion bases.
Like it is used as a universal currency. But bitcoin is just an online currency a crypto currency.
It can just be a mode of payment but can never replace USD

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