Bitcoin can not replace fiat - page 106.

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Quote from: arbitrage on August 02, 2016, 01:17:10 PM

Bitcoin is perfect if we compare fiat and btc! But won't replace fiat!
But every day we have new announcement and new projects that can be direct rivals to btc, this is something far more dangerous then fiat.. Bitcoin was first, but we don't use first computers and cars no more.

You have to note that we are still using first computers but in the advanced form, in that case we cannot compare the story of computer with crypto world. bitcoin has its own place and people will give it its value if bitcoin continued to adopt advanced technologies, and if it do not remain as a fossil, and all other coins has its own lace and have their own uses, people are using both bitcoin and a number of altcoins also.

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Quote from: arbitrage on August 02, 2016, 01:17:10 PM

Bitcoin is perfect if we compare fiat and btc! But won't replace fiat!
But every day we have new announcement and new projects that can be direct rivals to btc, this is something far more dangerous then fiat.. Bitcoin was first, but we don't use first computers and cars no more.

No matter what happen it won't replace fiat! There are lots of places that don't have internet acces. that basicallly made bitcoin transaction dead. Local merchant and store would have accepted bitcoin as payment but of course, due to thee materials needed, it is set aside.

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Quote from: Mastercon on August 05, 2016, 06:58:33 AM

Quote from: arbitrage on August 02, 2016, 01:17:10 PM

Bitcoin is perfect if we compare fiat and btc! But won't replace fiat!
But every day we have new announcement and new projects that can be direct rivals to btc, this is something far more dangerous then fiat.. Bitcoin was first, but we don't use first computers and cars no more.

The fiat will last longer than expected. The governments will like it as they can inflate away their debts.

It cuts both ways. Our debts (for example, taxes) also get eaten away with inflation. Unlike loans with floating rates (quite common), I have yet to see a tax with an inflation-adjusted rate...

Things are never as good as they are bad

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Quote from: arbitrage on August 02, 2016, 01:17:10 PM

Bitcoin is perfect if we compare fiat and btc! But won't replace fiat!
But every day we have new announcement and new projects that can be direct rivals to btc, this is something far more dangerous then fiat.. Bitcoin was first, but we don't use first computers and cars no more.

The fiat will last longer than expected. The governments will like it as they can inflate away their debts.

arbitrage

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Bitcoin is perfect if we compare fiat and btc! But won't replace fiat!
But every day we have new announcement and new projects that can be direct rivals to btc, this is something far more dangerous then fiat.. Bitcoin was first, but we don't use first computers and cars no more.

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Quote from: lienfaye on August 02, 2016, 10:20:53 AM

Quote from: sobsitesearch on August 02, 2016, 02:13:55 AM

All i know fiat will never replace by crypto currency even the value of cryto currency is very high, fiat will replace by it self the physical will change but not the value. that is why bitcoin will never replace fiat.

Indeed, fiat is the currency that each of us need because it plays an important role in our lives for our daily needs and bitcoin cannot replace that. bitcoin is for online and only as good as the fiat currencies in which they can be sold.

bitcoin has no mechanism to stabilize either its price in some reference currency or its purchasing power. The difference between bitcoin and fiat money is not just volume but backing by assets and some willingness to use those assets to ensure value.

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Quote from: sobsitesearch on August 02, 2016, 02:13:55 AM

All i know fiat will never replace by crypto currency even the value of cryto currency is very high, fiat will replace by it self the physical will change but not the value. that is why bitcoin will never replace fiat.

Indeed, fiat is the currency that each of us need because it plays an important role in our lives for our daily needs and bitcoin cannot replace that. bitcoin is for online and only as good as the fiat currencies in which they can be sold.

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Quote from: goinmerry on August 02, 2016, 02:18:36 AM

Quote from: sobsitesearch on August 02, 2016, 02:13:55 AM

All i know fiat will never replace by crypto currency even the value of cryto currency is very high, fiat will replace by it self the physical will change but not the value. that is why bitcoin will never replace fiat.

You hit the correct answer. As long as trust is in fiat then it cannot be replaced that easily. There might be some who thinks that way but I just cant imagine it for now. Without a fiat specially in a country with a low technology then there will be a problem.

And the government will never allow their fiat to be replace by bitcoin, at any given time they can easily declare the usage of bitcoin as illegal under their area of governance. we know that government are corrupt and they always like their interest to be serve first over the others.

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Quote from: sobsitesearch on August 02, 2016, 02:13:55 AM

All i know fiat will never replace by crypto currency even the value of cryto currency is very high, fiat will replace by it self the physical will change but not the value. that is why bitcoin will never replace fiat.

You hit the correct answer. As long as trust is in fiat then it cannot be replaced that easily. There might be some who thinks that way but I just cant imagine it for now. Without a fiat specially in a country with a low technology then there will be a problem.

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All i know fiat will never replace by crypto currency even the value of cryto currency is very high, fiat will replace by it self the physical will change but not the value. that is why bitcoin will never replace fiat.

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Quote from: mindrust on August 01, 2016, 05:38:17 AM

Bitcoin is just a stock which goes up and down against U.S.Dollars like most of the other currencies out there. You buy bitcoin and expect it to rise so you can sell it for more dollars. As long as this thought exists, bitcoin will never replace Fiat.

The only currencies which can compete with USD are Sterlin and Euro. Rest are wurthless.

Swiss franc beats any of these. Hands down any day, individually or collectively

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Quote from: Superbitzz on August 01, 2016, 01:07:04 PM

Quote from: Katerina on July 31, 2016, 11:59:59 AM

2000 years ago there was barter. Who knows what awaits us in the future. But one thing is clear that bitcoin is a huge step forward in the future without the monetary system we know today

yes there is no doubt about this that a time will come where there will be only crypto currencies either bitcoin or so many but people will only be trading and doing shopping only in electronic currencies and there will be no use of fiat or paper currency but it is also a reality that this is take decades and generations,

I agree maybe after some century. paper money will not be existing and stopped being used because of the implementation of cashless economy, cryptocurreny or maybe digiital cards will be use for purchasing staff, and for those who can't comply, barter will be reimplemented.

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Quote from: Katerina on July 31, 2016, 11:59:59 AM

2000 years ago there was barter. Who knows what awaits us in the future. But one thing is clear that bitcoin is a huge step forward in the future without the monetary system we know today

yes there is no doubt about this that a time will come where there will be only crypto currencies either bitcoin or so many but people will only be trading and doing shopping only in electronic currencies and there will be no use of fiat or paper currency but it is also a reality that this is take decades and generations,

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Bitcoin is just a stock which goes up and down against U.S.Dollars like most of the other currencies out there. You buy bitcoin and expect it to rise so you can sell it for more dollars. As long as this thought exists, bitcoin will never replace Fiat.

The only currencies which can compete with USD are Sterlin and Euro. Rest are wurthless.

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Quote from: ivan.daineko23 on August 01, 2016, 02:43:38 AM

Quote from: Positid on August 01, 2016, 01:30:56 AM

Quote from: 0day on July 31, 2016, 04:42:28 PM

Quote from: wowanstrong on July 31, 2016, 11:09:23 AM

Quote from: randy8777 on July 31, 2016, 10:49:32 AM

Quote from: Finestream on July 31, 2016, 07:52:59 AM

Quote from: Universat on July 30, 2016, 11:54:39 AM

yes there is no doubt about this we cannot ignore the importance of fiat currency. it play important role in our life with out fiat it is diffcult to spent time. in present time we cannot depend only on bitcoin.

Exactly, if bitcoin will replace fiat there will be a big chaos that is going to happen because this currency is not regulated and we don't want to be slave with the whales and will just rely our life with the way they dictate the price, bitcoins will never be stable with less support of the population so fiat is very important.

people should forget about bitcoin replacing fiat. why? because it's simply impossible. we should enjoy bitcoin how it is right now as alternative currency. and to be honest, i don't want bitcoin to replace anything as there is no need to. fiat currencies and bitcoin can coexist without any problems. some people don't seem to realize that...

Bitcoin, so good for what it is and I fully agree with you. Why would that change anything? Is Now someone is not happy with the situation that we have at the moment. Bitcoin, from anyone and not depend on anything in the outside world. If Bitcoin replaces real money, the situation may change for the worse for the Most of the people who are kept today Bitcoin.

But I think at least at online world it need to replace fiat, and the payment processors of fiat, as with that processors we have lost bigger amount of our money while paying fees for their transactions, and especially paypal which have bothered a lot of people while freezing their accounts for nothing and sucking their money.

Yeah! I get it but we have no choice for now because we are still under their domination, we have to comply with the rules of a certain government where you belong or else we cannot use our bitcoin in real life, in the future maybe there will be more establishment that will accept bitcoins and we should watch out for that.

You are right about one thing. We need a unified system of online payments. On which do not have to overpay for open trade and transfers. But it does not necessarily have to be Bitcoin. Only when paying for goods and exchange of dengue, there should be a common table of exchange of money from different countries. In order that the user can easily find out how many have money of different countries, and not mistaken for payments. Be sure to collect and interest payments, should not be predatory. However, these rules do not depend on the system itself. Everything depends on the people who set their own rules. Do you think that when it comes to the Bitcoin, people will not cheat each other ?! Wink

Anyone can cheat if it intends to do so, bitcoins is just a mode of payment but it is more transparent because we can see the transactions online in the public ledger, bitcoin cannot be develop anymore since the developer is anonymous but with the advent of good altcoins we can make things possible, like for example waves platform can be use for bitcoin to have a KYC to secure transaction and prevent fraud.

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Quote from: Positid on August 01, 2016, 01:30:56 AM

Quote from: 0day on July 31, 2016, 04:42:28 PM

Quote from: wowanstrong on July 31, 2016, 11:09:23 AM

Quote from: randy8777 on July 31, 2016, 10:49:32 AM

Quote from: Finestream on July 31, 2016, 07:52:59 AM

Quote from: Universat on July 30, 2016, 11:54:39 AM

yes there is no doubt about this we cannot ignore the importance of fiat currency. it play important role in our life with out fiat it is diffcult to spent time. in present time we cannot depend only on bitcoin.

Exactly, if bitcoin will replace fiat there will be a big chaos that is going to happen because this currency is not regulated and we don't want to be slave with the whales and will just rely our life with the way they dictate the price, bitcoins will never be stable with less support of the population so fiat is very important.

people should forget about bitcoin replacing fiat. why? because it's simply impossible. we should enjoy bitcoin how it is right now as alternative currency. and to be honest, i don't want bitcoin to replace anything as there is no need to. fiat currencies and bitcoin can coexist without any problems. some people don't seem to realize that...

Bitcoin, so good for what it is and I fully agree with you. Why would that change anything? Is Now someone is not happy with the situation that we have at the moment. Bitcoin, from anyone and not depend on anything in the outside world. If Bitcoin replaces real money, the situation may change for the worse for the Most of the people who are kept today Bitcoin.

But I think at least at online world it need to replace fiat, and the payment processors of fiat, as with that processors we have lost bigger amount of our money while paying fees for their transactions, and especially paypal which have bothered a lot of people while freezing their accounts for nothing and sucking their money.

Yeah! I get it but we have no choice for now because we are still under their domination, we have to comply with the rules of a certain government where you belong or else we cannot use our bitcoin in real life, in the future maybe there will be more establishment that will accept bitcoins and we should watch out for that.

You are right about one thing. We need a unified system of online payments. On which do not have to overpay for open trade and transfers. But it does not necessarily have to be Bitcoin. Only when paying for goods and exchange of dengue, there should be a common table of exchange of money from different countries. In order that the user can easily find out how many have money of different countries, and not mistaken for payments. Be sure to collect and interest payments, should not be predatory. However, these rules do not depend on the system itself. Everything depends on the people who set their own rules. Do you think that when it comes to the Bitcoin, people will not cheat each other ?! Wink

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Quote from: 0day on July 31, 2016, 04:42:28 PM

Quote from: wowanstrong on July 31, 2016, 11:09:23 AM

Quote from: randy8777 on July 31, 2016, 10:49:32 AM

Quote from: Finestream on July 31, 2016, 07:52:59 AM

Quote from: Universat on July 30, 2016, 11:54:39 AM

yes there is no doubt about this we cannot ignore the importance of fiat currency. it play important role in our life with out fiat it is diffcult to spent time. in present time we cannot depend only on bitcoin.

Exactly, if bitcoin will replace fiat there will be a big chaos that is going to happen because this currency is not regulated and we don't want to be slave with the whales and will just rely our life with the way they dictate the price, bitcoins will never be stable with less support of the population so fiat is very important.

people should forget about bitcoin replacing fiat. why? because it's simply impossible. we should enjoy bitcoin how it is right now as alternative currency. and to be honest, i don't want bitcoin to replace anything as there is no need to. fiat currencies and bitcoin can coexist without any problems. some people don't seem to realize that...

Bitcoin, so good for what it is and I fully agree with you. Why would that change anything? Is Now someone is not happy with the situation that we have at the moment. Bitcoin, from anyone and not depend on anything in the outside world. If Bitcoin replaces real money, the situation may change for the worse for the Most of the people who are kept today Bitcoin.

But I think at least at online world it need to replace fiat, and the payment processors of fiat, as with that processors we have lost bigger amount of our money while paying fees for their transactions, and especially paypal which have bothered a lot of people while freezing their accounts for nothing and sucking their money.

Yeah! I get it but we have no choice for now because we are still under their domination, we have to comply with the rules of a certain government where you belong or else we cannot use our bitcoin in real life, in the future maybe there will be more establishment that will accept bitcoins and we should watch out for that.

0day

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Quote from: wowanstrong on July 31, 2016, 11:09:23 AM

Quote from: randy8777 on July 31, 2016, 10:49:32 AM

Quote from: Finestream on July 31, 2016, 07:52:59 AM

Quote from: Universat on July 30, 2016, 11:54:39 AM

yes there is no doubt about this we cannot ignore the importance of fiat currency. it play important role in our life with out fiat it is diffcult to spent time. in present time we cannot depend only on bitcoin.

Exactly, if bitcoin will replace fiat there will be a big chaos that is going to happen because this currency is not regulated and we don't want to be slave with the whales and will just rely our life with the way they dictate the price, bitcoins will never be stable with less support of the population so fiat is very important.

people should forget about bitcoin replacing fiat. why? because it's simply impossible. we should enjoy bitcoin how it is right now as alternative currency. and to be honest, i don't want bitcoin to replace anything as there is no need to. fiat currencies and bitcoin can coexist without any problems. some people don't seem to realize that...

Bitcoin, so good for what it is and I fully agree with you. Why would that change anything? Is Now someone is not happy with the situation that we have at the moment. Bitcoin, from anyone and not depend on anything in the outside world. If Bitcoin replaces real money, the situation may change for the worse for the Most of the people who are kept today Bitcoin.

But I think at least at online world it need to replace fiat, and the payment processors of fiat, as with that processors we have lost bigger amount of our money while paying fees for their transactions, and especially paypal which have bothered a lot of people while freezing their accounts for nothing and sucking their money.

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At my opinion it's can happen only if bitcoin become better than fiat and people will understand that better using bitcoins than fiat, and fiat become useless.

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Of course it can not repleace fiat. It wont ever be able to spread enough and be accepted worldwide. Some countries do not even accept Bitcoin as a legal currency so it deffinetly wont become a worldwide currency. And if it replaced fiat it would probably be corrupted and centralized and banks would ruin it. We will just end up having digital money with the same features as fiat.

Topic: Bitcoin can not replace fiat - page 106. (Read 163793 times)