Bitcoin can not replace fiat - page 116.

harizen

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Quote from: ASHLIUSZ on May 29, 2016, 01:40:28 PM

Quote from: Maslate on May 29, 2016, 07:13:05 AM

Quote from: harizen on May 29, 2016, 02:53:52 AM

Quote from: Corenin on May 28, 2016, 06:20:56 AM

There is nothing wrong in using both of them, fiat is much in demand in the interior parts where internet and bitcoin has not reached yet, and it will surely take long time.

This is exactly the point. How come anyone wants bitcoin replace to fiat. There are lots, as in lots of places in the world where internet are not present and never be will present even in future.

Just enjoy whatever benefits that bitcoin is giving us. Don't just think too much unrealistic because you don't understand what will be the output if there's no fiat present in the future.

Exactly, fiat cannot replace bitcoin int the future, although I can say that in the future their will be a massive adoption of bitcoins as long as they will be educated and will understand the benefits in using bitcoins transacting online.

Unless bitcoin becomes even easier for consumers and vendors to use, it could still become an incredible technology that flops.

So what is that "easier thing" you are talking too to support that "unless" statement.

Bitcoin doesn't have an ability to touch the whole world and never it will.

Please remember that bitcoin uses blockchain technology.

crairezx20

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Quote from: Maslate on May 29, 2016, 07:13:05 AM

Quote from: harizen on May 29, 2016, 02:53:52 AM

Quote from: Corenin on May 28, 2016, 06:20:56 AM

There is nothing wrong in using both of them, fiat is much in demand in the interior parts where internet and bitcoin has not reached yet, and it will surely take long time.

This is exactly the point. How come anyone wants bitcoin replace to fiat. There are lots, as in lots of places in the world where internet are not present and never be will present even in future.

Just enjoy whatever benefits that bitcoin is giving us. Don't just think too much unrealistic because you don't understand what will be the output if there's no fiat present in the future.

Exactly, fiat cannot replace bitcoin int the future, although I can say that in the future their will be a massive adoption of bitcoins as long as they will be educated and will understand the benefits in using bitcoins transacting online.

Yeah also bitcoin is only for online transaction they cannot easy understand the concept of bitcoin how about old person instead they are using fiat they are no longer use fiat and use bitcoin instead to pay.. but honestly they didnt know how to use smartphones. .so i think its impossible to replace fiat even in the future..

ASHLIUSZ

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Quote from: Maslate on May 29, 2016, 07:13:05 AM

Quote from: harizen on May 29, 2016, 02:53:52 AM

Quote from: Corenin on May 28, 2016, 06:20:56 AM

There is nothing wrong in using both of them, fiat is much in demand in the interior parts where internet and bitcoin has not reached yet, and it will surely take long time.

This is exactly the point. How come anyone wants bitcoin replace to fiat. There are lots, as in lots of places in the world where internet are not present and never be will present even in future.

Just enjoy whatever benefits that bitcoin is giving us. Don't just think too much unrealistic because you don't understand what will be the output if there's no fiat present in the future.

Exactly, fiat cannot replace bitcoin int the future, although I can say that in the future their will be a massive adoption of bitcoins as long as they will be educated and will understand the benefits in using bitcoins transacting online.

Unless bitcoin becomes even easier for consumers and vendors to use, it could still become an incredible technology that flops.

Maslate

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Quote from: harizen on May 29, 2016, 02:53:52 AM

Quote from: Corenin on May 28, 2016, 06:20:56 AM

There is nothing wrong in using both of them, fiat is much in demand in the interior parts where internet and bitcoin has not reached yet, and it will surely take long time.

This is exactly the point. How come anyone wants bitcoin replace to fiat. There are lots, as in lots of places in the world where internet are not present and never be will present even in future.

Just enjoy whatever benefits that bitcoin is giving us. Don't just think too much unrealistic because you don't understand what will be the output if there's no fiat present in the future.

Exactly, fiat cannot replace bitcoin int the future, although I can say that in the future their will be a massive adoption of bitcoins as long as they will be educated and will understand the benefits in using bitcoins transacting online.

harizen

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Quote from: Corenin on May 28, 2016, 06:20:56 AM

There is nothing wrong in using both of them, fiat is much in demand in the interior parts where internet and bitcoin has not reached yet, and it will surely take long time.

This is exactly the point. How come anyone wants bitcoin replace to fiat. There are lots, as in lots of places in the world where internet are not present and never be will present even in future.

Just enjoy whatever benefits that bitcoin is giving us. Don't just think too much unrealistic because you don't understand what will be the output if there's no fiat present in the future.

zimmah

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Quote from: Parazyd on December 23, 2015, 10:54:15 AM

Yes, got you intrigued, didn't it?

Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.
Take paying a cup of coffee for example. To pay your coffee with bitcoins, one must get bitcoins first, either by mining or buying bitcoins with other kinds of money (*cough*fiat*cough). It ends up being a quite complicated process, don't you think?
Until we reach the point where paying for a cup of coffee is as easy with Bitcoin as it is with cash, we will never get mass adoption. And as far as I see it, there is no way of simplifying the acquiring of bitcoins.

no?

you can have your wages paid in bitcoin

how's that not simple?

spending can be done with an mobile phone app.

how's that not simple?

Back in the 80's you had to know unix command lines to send an email.

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Quote from: chaosknight on May 28, 2016, 08:52:15 AM

Quote from: 23dzmaz on May 28, 2016, 08:49:52 AM

Bitcoin will never replace fiat. Bitcoin have their own target and it's digital currencies. If bitcoin have physical unit like fiat, maybe bitcoin can replace it.

I don't think we will ever see bitcoin in physical shape, its digital so cannot expect but if it gets physical shape then it can give tough competition to fiat for sure.

Its true, its better to be digital as it is more safer from thief, the blockchain is secure and we can do business with it, the only thing we need to remember is to keep our personal passwords and information safe so that others cannot access our wallet.

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Quote from: 23dzmaz on May 28, 2016, 08:49:52 AM

Bitcoin will never replace fiat. Bitcoin have their own target and it's digital currencies. If bitcoin have physical unit like fiat, maybe bitcoin can replace it.

I don't think we will ever see bitcoin in physical shape, its digital so cannot expect but if it gets physical shape then it can give tough competition to fiat for sure.

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Bitcoin will never replace fiat. Bitcoin have their own target and it's digital currencies. If bitcoin have physical unit like fiat, maybe bitcoin can replace it.

Denker

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Bitcoin doesn't have to replace fiat money!
It's good that it exists as a form of choice.
Both can and will coexist beside each other.And everytime the banks and governemnts mess it up more and more people will move to Bitcoin and maybe prefer to use it as their money number one.

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Quote from: tabas on May 28, 2016, 06:07:47 AM

Quote from: fkvidar on May 28, 2016, 05:42:22 AM

The fact is it will never happen, people will prefer to use both of them, as we cannot expect illiterate and poor person will use bitcoin ever, he will be satisfied with fiat.

That is the reality that bitcoin will not replace fiat by any means, much better if people would treat to use them both as a currency for physical money as fiat and digital currency for bitcoin.

There is nothing wrong in using both of them, fiat is much in demand in the interior parts where internet and bitcoin has not reached yet, and it will surely take long time.

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Quote from: fkvidar on May 28, 2016, 05:42:22 AM

The fact is it will never happen, people will prefer to use both of them, as we cannot expect illiterate and poor person will use bitcoin ever, he will be satisfied with fiat.

That is the reality that bitcoin will not replace fiat by any means, much better if people would treat to use them both as a currency for physical money as fiat and digital currency for bitcoin.

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Quote from: saiha on May 28, 2016, 05:18:54 AM

Quote from: greBit on May 28, 2016, 05:05:58 AM

Quote from: saiha on May 28, 2016, 05:03:38 AM

Quote from: RastMan on May 28, 2016, 03:41:59 AM

Quote from: tabas on May 25, 2016, 10:52:15 AM

Quote from: GonerGenesis on May 25, 2016, 09:42:04 AM

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Quote from: avw1982 on May 25, 2016, 09:37:06 AM

Quote from: BitcoinPaw on May 22, 2016, 01:02:55 PM

Currecy that depend on fiat anyway can't replace it, and bitcoin also can't become fiat currency, cause in many countries it's still illegal for using.

I think fiat will always be fiat, like we know it today. I don't think much will change about it. I just don't think bitcoin can replace fiat. The only way this would happen is if all the governments worldwide would adapt to it. Which I doubt that they would.

Governments will never support bitcoin, they will support only their local currency they don't want to loose their control on the money and they will never allow bitcoin to be a primary currency.

I fully agree, but never the less I think BTC will be as common as fiat one day

That is possible that bitcoin will be common as fiat one day, but it won't replace fiat in anytime. It will depend if the government will try to
support bitcoins, but yeah, government will not support it since it is a threat to fiat money which is the main source of their living and daily usage.

Even if the governments do not make it a legal tender in their country, ordinary people can still use it.

Yes I agree with it, even without the consent of the government we can still use bitcoin as we want as long as their is a monetary value on it.
But, there is a chance that the government will just adopt it but it won't replace fiat for sure.

Government will never allow any digital currency to replace their own currency, that is simply impossible, and I don't think Government will ever adopt bitcoin in future.

If that happens for sure, they will hard time to collect tax if they allow bitcoin to replace fiat money for each government per country.
Since government is being controlled and moved by tax.

The fact is it will never happen, people will prefer to use both of them, as we cannot expect illiterate and poor person will use bitcoin ever, he will be satisfied with fiat.

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