Topic: Bitcoin can not replace fiat - page 110. (Read 163801 times)

Bitcoin can and WILL replace fiat. There is no doubt about it, at all.

Why? Well, the system of fiat is flawed. The government is in control of everything and they can steal all your money if you wanted to. While this is not the case with bitcoin.

The problem is that BTC will take away power from gov so they will resist it. Therefore most likely Bitcoin will not replace fiat money anytime soon.

I think that is better if it would happen, we should have to feel the freedom and that is why bitcoin is in existence because it is decentralized and no one will control the entire system. I believe this platform is what we are waiting for to live in a wonderful world that would be easy for all the countries to communicate and transact using one coin.

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Quote from: Bitcotalk on July 20, 2016, 06:08:08 PM

Bitcoin can and WILL replace fiat. There is no doubt about it, at all.

Why? Well, the system of fiat is flawed. The government is in control of everything and they can steal all your money if you wanted to. While this is not the case with bitcoin.

The problem is that BTC will take away power from gov so they will resist it. Therefore most likely Bitcoin will not replace fiat money anytime soon.

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Quote from: Mastercon on July 20, 2016, 03:30:20 AM

Quote from: Mastercon on July 20, 2016, 03:30:20 AM

Bitcoin can and WILL replace fiat. There is no doubt about it, at all.

Why? Well, the system of fiat is flawed. The government is in control of everything and they can steal all your money if you wanted to. While this is not the case with bitcoin.

That is right. It will just take some times for that to happen. It might take 5 to 10 decades to replace most currency.

But I think fiat will have its own value and will not be replaced by any crypto currency like bitcoin, as fiats are the national currencies of the states and they do not want to replace it with any other currency so they will keep fiat is some parts of their states.

Fiat is regulated by the government while bitcoins are not, currently bitcoins cannot beat fiat and we are dependent to fiat to spend our bitcoins in real world so we should not be dreaming yet, it is good to have both in my opinion.

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Quote from: groll on July 20, 2016, 01:18:55 AM

Bitcoin can and WILL replace fiat. There is no doubt about it, at all.

Why? Well, the system of fiat is flawed. The government is in control of everything and they can steal all your money if you wanted to. While this is not the case with bitcoin.

That is right. It will just take some times for that to happen. It might take 5 to 10 decades to replace most currency.

But I think fiat will have its own value and will not be replaced by any crypto currency like bitcoin, as fiats are the national currencies of the states and they do not want to replace it with any other currency so they will keep fiat is some parts of their states.

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Maybe bitcoin can not replace fiat, but surly it can complement it.
Because its easy to transfer bitcoins to any place in the world and convert them back into the local fiat.

The term i am looking for is the term that you just coined. It is the word complement. Well many are arguing about bitcoin against fiat currency well in fact there should be no conflict between the two. They should be in harmony and should be complementing with each other. So bitcoin cannot replace fiat currency but instead complement and support fiat currency.

And how, in your opinion, Bitcoin can actually complement fiat (let alone support it)?

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Bitcoin can and WILL replace fiat. There is no doubt about it, at all.

Why? Well, the system of fiat is flawed. The government is in control of everything and they can steal all your money if you wanted to. While this is not the case with bitcoin.

That is right. It will just take some times for that to happen. It might take 5 to 10 decades to replace most currency.

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Bitcoin can and WILL replace fiat. There is no doubt about it, at all.

Why? Well, the system of fiat is flawed. The government is in control of everything and they can steal all your money if you wanted to. While this is not the case with bitcoin.

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Quote from: pearnapple on July 19, 2016, 02:46:41 PM

Maybe bitcoin can not replace fiat, but surly it can complement it.
Because its easy to transfer bitcoins to any place in the world and convert them back into the local fiat.

The term i am looking for is the term that you just coined. It is the word complement. Well many are arguing about bitcoin against fiat currency well in fact there should be no conflict between the two. They should be in harmony and should be complementing with each other. So bitcoin cannot replace fiat currency but instead complement and support fiat currency.

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It doesn't need to replace fiat to have good use cases.

yes it does not but i think that bitcoin will have a huge potential to replace the fiat we have right now and because of that the price is going to go up a lot in the future

Even if the price of bitcoin reaches to the moon in future I don't think that bitcoin would be able to replace fiat as fiat is more popular in compare to bitcoin at a moment.

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Bitcoin can never replace fiat, bitcoin will be used as currency but it will never replace fiat, as there are few things that only fiat can take care of, bitcoin will be popular but will not used as a major currency, people have more faith in fiat and they are used to it, so they will never support bitcoins.

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Quote from: stromma44 on July 18, 2016, 09:46:45 AM

It doesn't need to replace fiat to have good use cases.

yes it does not but i think that bitcoin will have a huge potential to replace the fiat we have right now and because of that the price is going to go up a lot in the future

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Quote from: Hatuferu on July 17, 2016, 09:11:17 AM

Quote from: Hatuferu on July 17, 2016, 09:11:17 AM

It doesn't need to replace fiat to have good use cases.

It doesn't need but i think if it happens that bitcoin replace fiat than bitcoin will accepted worldwide and use as direct payment method..Isn't it ??
But it will not gonna happen bitcoin will never replace fiat.

If bitcoin will replace fiat users will be benefited because they will experience the fastest transaction online and the cheapest transaction cost. I hope it will happen in the future but being realistic, I think it will be hard to occur.

If we are able to spend bitcoin at each and every place to buy anything directly then only it can replace fiat, and if not then it will always be dependent on fiat.

What you said might happen in 10 to 30 years. The infrastructure of the bitcoin network is still being built.

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Quote from: Hatuferu on July 17, 2016, 09:11:17 AM

It doesn't need to replace fiat to have good use cases.

It doesn't need but i think if it happens that bitcoin replace fiat than bitcoin will accepted worldwide and use as direct payment method..Isn't it ??
But it will not gonna happen bitcoin will never replace fiat.

If bitcoin will replace fiat users will be benefited because they will experience the fastest transaction online and the cheapest transaction cost. I hope it will happen in the future but being realistic, I think it will be hard to occur.

If we are able to spend bitcoin at each and every place to buy anything directly then only it can replace fiat, and if not then it will always be dependent on fiat.

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It doesn't need to replace fiat to have good use cases.

It doesn't need but i think if it happens that bitcoin replace fiat than bitcoin will accepted worldwide and use as direct payment method..Isn't it ??
But it will not gonna happen bitcoin will never replace fiat.

If bitcoin will replace fiat users will be benefited because they will experience the fastest transaction online and the cheapest transaction cost. I hope it will happen in the future but being realistic, I think it will be hard to occur.

If more than 200,000 people use the bitcoin regularly, they will have bad user experience. It is too slow.

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It doesn't need to replace fiat to have good use cases.

It doesn't need but i think if it happens that bitcoin replace fiat than bitcoin will accepted worldwide and use as direct payment method..Isn't it ??
But it will not gonna happen bitcoin will never replace fiat.

If bitcoin will replace fiat users will be benefited because they will experience the fastest transaction online and the cheapest transaction cost. I hope it will happen in the future but being realistic, I think it will be hard to occur.

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Quote from: ezview on July 16, 2016, 02:47:56 PM

It doesn't need to replace fiat to have good use cases.

It doesn't need but i think if it happens that bitcoin replace fiat than bitcoin will accepted worldwide and use as direct payment method..Isn't it ??
But it will not gonna happen bitcoin will never replace fiat.

Fanpant

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Maybe bitcoin can not replace fiat, but surly it can complement it.
Because its easy to transfer bitcoins to any place in the world and convert them back into the local fiat.

Exactly this is the truth right here. Bitcoin doesn't need to replace fiat, it needs to complement it and work beside it as it is. I agree with the title of this thread.

That is right. bitcoin will work with the fiat. It is good for fast and large amount of funds transfer internationally.

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Quote from: rudalist on July 14, 2016, 08:55:44 PM

Maybe bitcoin can not replace fiat, but surly it can complement it.
Because its easy to transfer bitcoins to any place in the world and convert them back into the local fiat.

Exactly this is the truth right here. Bitcoin doesn't need to replace fiat, it needs to complement it and work beside it as it is. I agree with the title of this thread.

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bitcoin can not repalce fiat money bitcoin not real physic so is very dificult if fiat and real money
bitcoin only digital curency but if repalce digital payment the bigger in the world is posible

you are right for bitcoin it is not a problem or hard to replace online payment system or to replace fiat in online business and financial matters, while for the physical work it will be very hard for bitcoin to replace fiat.

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