Topic: Bitcoin can not replace fiat - page 125. (Read 163804 times)
For now Bitcoin can't replace fiat i agree with this idea, but in the future everything is possible, if bitcoin conquer the world as expected, may be in 20 or even 50 years, it could be used worldwide and replacing fiat
I believe that bitcoin will never replace fiat because fiat is a well organized money and fiat system is supported by every government around the world and each money that a country have has its history behind it.
Very surely for future the bitcoin will replace fiat because many people or fiat user go change to bitcoin because bitcoin is easy to transact and have many features and benifits you can get. I see the future if fiat is slowly getting down.
No it will not go down bitcoin is still not mature to rise against fiat currencies around the world, for now bitcoin is good for short investmentsWhere do you live ? I mean the most of country still use their fiat and not easy to change fiat into bitcoin. Although bitcoin has easier transactions, but bitcoin less popularity to replace the fiat.
Well, bitcoin adoption is surely increasing. A year ago, the Phillipines did not even have their own local board here. Now, enough noise was created and the admins decided that granting a separate local board had become overdue.
Well, slowly its getting popular among all countries people. At present every country has very little users which is expected to grow which may just reduce the fiat usage and never stop fiat use.
As long as I can use it to buy things with bitcoin, I do not mind if it can replace the fiat or not. They can coexist.
So you can continue with bitcoin and your needs of using bitcoin for direct purchase will increase when years pass, so without doubt bitcoin will continue in the rising side but wont replace fiat.
Very surely for future the bitcoin will replace fiat because many people or fiat user go change to bitcoin because bitcoin is easy to transact and have many features and benifits you can get. I see the future if fiat is slowly getting down.
No it will not go down bitcoin is still not mature to rise against fiat currencies around the world, for now bitcoin is good for short investmentsWhere do you live ? I mean the most of country still use their fiat and not easy to change fiat into bitcoin. Although bitcoin has easier transactions, but bitcoin less popularity to replace the fiat.
Well, bitcoin adoption is surely increasing. A year ago, the Phillipines did not even have their own local board here. Now, enough noise was created and the admins decided that granting a separate local board had become overdue.
Well, slowly its getting popular among all countries people. At present every country has very little users which is expected to grow which may just reduce the fiat usage and never stop fiat use.
As long as I can use it to buy things with bitcoin, I do not mind if it can replace the fiat or not. They can coexist.
Both fiat and crypto currency can coexist even now they are coexisting,fiat is used by people and is strong as a currency as well as bitcoin is strong as a digital currency.
Very surely for future the bitcoin will replace fiat because many people or fiat user go change to bitcoin because bitcoin is easy to transact and have many features and benifits you can get. I see the future if fiat is slowly getting down.
No it will not go down bitcoin is still not mature to rise against fiat currencies around the world, for now bitcoin is good for short investmentsWhere do you live ? I mean the most of country still use their fiat and not easy to change fiat into bitcoin. Although bitcoin has easier transactions, but bitcoin less popularity to replace the fiat.
Well, bitcoin adoption is surely increasing. A year ago, the Phillipines did not even have their own local board here. Now, enough noise was created and the admins decided that granting a separate local board had become overdue.
Well, slowly its getting popular among all countries people. At present every country has very little users which is expected to grow which may just reduce the fiat usage and never stop fiat use.
As long as I can use it to buy things with bitcoin, I do not mind if it can replace the fiat or not. They can coexist.
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.
Yes indeed OP bitcoin can't replace fiat/current currency because of the main use of it but moving forward as far as virtual world got more and more bitcoin users there's big possibility that incoming time will embrace bitcoin and many establishment will allow bitcoin as also one of payment process when that time comes we can say that bitcoin just did 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.
Very surely for future the bitcoin will replace fiat because many people or fiat user go change to bitcoin because bitcoin is easy to transact and have many features and benifits you can get. I see the future if fiat is slowly getting down.
No it will not go down bitcoin is still not mature to rise against fiat currencies around the world, for now bitcoin is good for short investmentsWhere do you live ? I mean the most of country still use their fiat and not easy to change fiat into bitcoin. Although bitcoin has easier transactions, but bitcoin less popularity to replace the fiat.
Well, bitcoin adoption is surely increasing. A year ago, the Phillipines did not even have their own local board here. Now, enough noise was created and the admins decided that granting a separate local board had become overdue.
Well, slowly its getting popular among all countries people. At present every country has very little users which is expected to grow which may just reduce the fiat usage and never stop fiat use.
Its difficult to digest the reality, and reality is fiat will always exist, looking at the poor countries and illiterate people who don't have any idea that what the hell bitcoin is.
Its not just poor countries lol.
Most people arent aware bitcoin is available to them because I feel like how its been marketed so far in the media.
When I mentioned bitcoin to my friend, he just thought of the "scam" reference with mt.gox.
Fiat is still more popular and it will continue its popularity in future too as I don't see any threat from bitcoin towards it and people will use both as its difficult to choose only one.
not only popular,fiat also daily requirement for people nowdays,so its have been so long become part of human life,even bitcoin have plan to replace fiat,it need really long time,lets wait for bitcoin until become part of our life.like it was for lettre it was a parte of human life and now the SMS has replace it. not complitily but most of poeplle are using SMS.
and maybe next generation will use bitcoin over fiat or maybe other think.
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.
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.
Though you've got a point with this, you have to realize that people don't have money/fiat until the work for it. So why not cut out the middle man of acquiring fiat to pay for paper that represents literally nothing besides "trust" in the governments economy (because that's all that fiat represents). Let's instead replace fiat with bitcoins and then have it backed by Gold, just like how money used to be. That way, you can have the benefits of the gold standard and] be able to send it anywhere with just a click of a button and for cents per transaction? I'd rather pay that than deal with banks/interest/inflation any day any time.
Fiat is still more popular and it will continue its popularity in future too as I don't see any threat from bitcoin towards it and people will use both as its difficult to choose only one.
there is always a threat my friend even if you do not see it but sometimes you can avoid it by giving life to other fiat currency like the dinar or the doung
Fiat is still more popular and it will continue its popularity in future too as I don't see any threat from bitcoin towards it and people will use both as its difficult to choose only one.
not only popular,fiat also daily requirement for people nowdays,so its have been so long become part of human life,even bitcoin have plan to replace fiat,it need really long time,lets wait for bitcoin until become part of our life. 
Fiat is still more popular and it will continue its popularity in future too as I don't see any threat from bitcoin towards it and people will use both as its difficult to choose only one.
Very surely for future the bitcoin will replace fiat because many people or fiat user go change to bitcoin because bitcoin is easy to transact and have many features and benifits you can get. I see the future if fiat is slowly getting down.
No it will not go down bitcoin is still not mature to rise against fiat currencies around the world, for now bitcoin is good for short investmentsWhere do you live ? I mean the most of country still use their fiat and not easy to change fiat into bitcoin. Although bitcoin has easier transactions, but bitcoin less popularity to replace the fiat.
The major problem with Philippines is the poverty of the citizens and their backwardness and their and their government's unawareness about the progress, development and success. After they get some progress and start to increase her speed on the path of development they will know about it.
This problem is not only with Philippines but with the poor countries all over the world.
First of all I like to pointed out the deepweb issues he mentioned why bitcoin is not use in the PH. (?)
Basically no. So people in PH really focus on deepweb issues rather than the benefits and advantage of using bitcoin? People in PH are not that like that in terms of choosing an online investment + easy transaction.
Second, how come some of PH's local wallet exchanges really step up more and really improves their services as years passed. More opprotunity to use people's bitcoin. That is because many people are using their services. PH isn't still a bitcoin country but the adoption here is really noticeable as time passes by. See how active some of the facebook bitcoin group in PH?
Very surely for future the bitcoin will replace fiat because many people or fiat user go change to bitcoin because bitcoin is easy to transact and have many features and benifits you can get. I see the future if fiat is slowly getting down.
No it will not go down bitcoin is still not mature to rise against fiat currencies around the world, for now bitcoin is good for short investmentsWhere do you live ? I mean the most of country still use their fiat and not easy to change fiat into bitcoin. Although bitcoin has easier transactions, but bitcoin less popularity to replace the fiat.
The major problem with Philippines is the poverty of the citizens and their backwardness and their and their government's unawareness about the progress, development and success. After they get some progress and start to increase her speed on the path of development they will know about it.
This problem is not only with Philippines but with the poor countries all over the world.
Its difficult to digest the reality, and reality is fiat will always exist, looking at the poor countries and illiterate people who don't have any idea that what the hell bitcoin is.
Very surely for future the bitcoin will replace fiat because many people or fiat user go change to bitcoin because bitcoin is easy to transact and have many features and benifits you can get. I see the future if fiat is slowly getting down.
No it will not go down bitcoin is still not mature to rise against fiat currencies around the world, for now bitcoin is good for short investmentsWhere do you live ? I mean the most of country still use their fiat and not easy to change fiat into bitcoin. Although bitcoin has easier transactions, but bitcoin less popularity to replace the fiat.
Not only in phillipines, in my country here Indonesia. Many people also don't know about bitcoin and how it works. That's why bitcoin can't replace the fiat because many people still don't know about bitcoin.
when combined with the other countries may be more than 10 million, but it was not enough to support a bitcoin replace fiat
Bitcoin cannot replace fiat because bitcoin is limited only in internet and cant be used without internet and government wont allow bitcoin to replace their money.
'Internet' is everywhere in modern world. When is the last time you went to a shop on a location without internet access? For me a cruise years ago was the last time. In the near future even airplanes will have internet access.So you think that "modern world" can applied to the whole world?
Make sense.
Very surely for future the bitcoin will replace fiat because many people or fiat user go change to bitcoin because bitcoin is easy to transact and have many features and benifits you can get. I see the future if fiat is slowly getting down.
No it will not go down bitcoin is still not mature to rise against fiat currencies around the world, for now bitcoin is good for short investmentsWhere do you live ? I mean the most of country still use their fiat and not easy to change fiat into bitcoin. Although bitcoin has easier transactions, but bitcoin less popularity to replace the fiat.
Well, bitcoin adoption is surely increasing. A year ago, the Phillipines did not even have their own local board here. Now, enough noise was created and the admins decided that granting a separate local board had become overdue.
Very surely for future the bitcoin will replace fiat because many people or fiat user go change to bitcoin because bitcoin is easy to transact and have many features and benifits you can get. I see the future if fiat is slowly getting down.
No it will not go down bitcoin is still not mature to rise against fiat currencies around the world, for now bitcoin is good for short investmentsWhere do you live ? I mean the most of country still use their fiat and not easy to change fiat into bitcoin. Although bitcoin has easier transactions, but bitcoin less popularity to replace the fiat.
Not only in phillipines, in my country here Indonesia. Many people also don't know about bitcoin and how it works. That's why bitcoin can't replace the fiat because many people still don't know about bitcoin.
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