Bitcoin can not replace fiat - page 126.

Mr. Big

global moderator

Activity: 2324

Merit: 1179

While my guitar gently weeps!!!

Quote from: torrentheaven on April 03, 2016, 08:13:29 AM

Here in Phillipines only few people use bitcoin, because of unfamilliar, some poeple dont try bitcoin because its famous in deepweb here.

Same is the case in my country, no one is aware about it and if I tell them they don't show any interest, they just feel happy in using credit cards and fiat for making purchases.

It's normal...Most of the people who has work and can afford to use their credit card they will be using it..Bitcoin won't be a choice to them as it is complicated to use, probably bitcoin's technology could only be used thru bank to bank or interagency transactions, but not in actual or not on the purpose the fiat was made..

torrentheaven

hero member

Activity: 952

Merit: 1000

Quote from: Paultango on April 03, 2016, 06:31:06 AM

Quote from: delliaerd on April 03, 2016, 06:23:01 AM

Quote from: Paultango on April 03, 2016, 05:57:36 AM

Quote from: arwin100 on April 03, 2016, 04:35:48 AM

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 investments

Where 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.

Here in Phillipines only few people use bitcoin, because of unfamilliar, some poeple dont try bitcoin because its famous in deepweb here.

Same is the case in my country, no one is aware about it and if I tell them they don't show any interest, they just feel happy in using credit cards and fiat for making purchases.

Paultango

full member

Activity: 205

Merit: 100

Quote from: delliaerd on April 03, 2016, 06:23:01 AM

Quote from: Paultango on April 03, 2016, 05:57:36 AM

Quote from: arwin100 on April 03, 2016, 04:35:48 AM

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 investments

Where 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.

Here in Phillipines only few people use bitcoin, because of unfamilliar, some poeple dont try bitcoin because its famous in deepweb here.

delliaerd

hero member

Activity: 672

Merit: 500

Quote from: Paultango on April 03, 2016, 05:57:36 AM

Quote from: arwin100 on April 03, 2016, 04:35:48 AM

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 investments

Where 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.

Paultango

full member

Activity: 205

Merit: 100

Quote from: arwin100 on April 03, 2016, 04:35:48 AM

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 investments

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

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.

techgeek

hero member

Activity: 826

Merit: 1000

Quote from: gtglener on April 02, 2016, 10:44:25 AM

Quote from: nostal02 on April 01, 2016, 11:27:45 PM

Quote from: uname on April 01, 2016, 11:00:18 PM

Quote from: Kartikay on March 31, 2016, 01:42:00 PM

I think bitcoin can replace fiat but it will take lot of time to do so.
Paper money system is well established for long time,bitcoin still have to be stable.

is it possible if bitcoin price going stable and replace fiat ? because you say bitcoin must be stabilized in order to replace the banknotes?
but it takes a long time. i know

Even if bitcoin have a stable price it will not replace fiat because fiat is the source of power in any government and with that they allow their money to be replace.

fiat is the source of power in any government
none of the comment can replace it, as it is the reality with remain the fiat to survive till the end of the world or states.

And like we all know this, governments basically ruin everything jk.

But the day we see actual fiat replaced, it would probably be just something else as the other nations to try take over as world currency then the dollar.

angaper

hero member

Activity: 966

Merit: 507

In my opinion, it seems that in the future both options still will coexist because each has a different purpose. Fiat has existed for centuries, Gold has existed for millenniums, and barter is even older, but no one of them has entirely replaced to its ancestor, so I think bitcoin is not obliged to substitute fiat in any moment.

co5hike

hero member

Activity: 798

Merit: 1000

Quote from: malzahar on April 02, 2016, 06:31:49 PM

Quote from: landoadog on April 02, 2016, 11:06:11 AM

Quote from: harizen on April 02, 2016, 10:40:00 AM

Quote from: defined on April 02, 2016, 05:06:38 AM

Quote from: maxj57634 on April 02, 2016, 04:46:12 AM

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.

There will still be parts of the world where your "internet" wont reach it and place that doesnt have a "modern world" still uses fiat.

I think access to internet is not an issue, major issue is people are not knowledgeable in rural areas and they simply resist change so its difficult to convince them to start using bitcoin.

Most of the rural area youre talking about has very little population.

Most of the countries in each major city for that country has internet, but I get your point.

malzahar

full member

Activity: 210

Merit: 100

Quote from: landoadog on April 02, 2016, 11:06:11 AM

Quote from: harizen on April 02, 2016, 10:40:00 AM

Quote from: defined on April 02, 2016, 05:06:38 AM

Quote from: maxj57634 on April 02, 2016, 04:46:12 AM

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.

There will still be parts of the world where your "internet" wont reach it and place that doesnt have a "modern world" still uses fiat.

Most of the rural area youre talking about has very little population.

Most of the countries in each major city for that country has internet, but I get your point.

landoadog

newbie

Activity: 56

Merit: 0

Quote from: harizen on April 02, 2016, 10:40:00 AM

Quote from: defined on April 02, 2016, 05:06:38 AM

Quote from: maxj57634 on April 02, 2016, 04:46:12 AM

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.

There will still be parts of the world where your "internet" wont reach it and place that doesnt have a "modern world" still uses fiat.

knowhow

hero member

Activity: 560

Merit: 500

Well bitcoin werent made to replace nothing,were made to give the power back to the people,as before we were able to do anything with money in hands.Bitcoin is a currency and a way to pay that reduces the fees to any transaction and has no limits on it soo a huge advantage for those who wanna invest or send huge ammounts to another person.

gtglener

hero member

Activity: 575

Merit: 500

Quote from: nostal02 on April 01, 2016, 11:27:45 PM

Quote from: uname on April 01, 2016, 11:00:18 PM

Quote from: Kartikay on March 31, 2016, 01:42:00 PM

I think bitcoin can replace fiat but it will take lot of time to do so.
Paper money system is well established for long time,bitcoin still have to be stable.

is it possible if bitcoin price going stable and replace fiat ? because you say bitcoin must be stabilized in order to replace the banknotes?
but it takes a long time. i know

Even if bitcoin have a stable price it will not replace fiat because fiat is the source of power in any government and with that they allow their money to be replace.

fiat is the source of power in any government
none of the comment can replace it, as it is the reality with remain the fiat to survive till the end of the world or states.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: defined on April 02, 2016, 05:06:38 AM

Quote from: maxj57634 on April 02, 2016, 04:46:12 AM

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.

diodio5

hero member

Activity: 490

Merit: 500

Quote from: nostal02 on April 01, 2016, 11:27:45 PM

Quote from: uname on April 01, 2016, 11:00:18 PM

Quote from: Kartikay on March 31, 2016, 01:42:00 PM

I think bitcoin can replace fiat but it will take lot of time to do so.
Paper money system is well established for long time,bitcoin still have to be stable.

is it possible if bitcoin price going stable and replace fiat ? because you say bitcoin must be stabilized in order to replace the banknotes?
but it takes a long time. i know

Even if bitcoin have a stable price it will not replace fiat because fiat is the source of power in any government and with that they allow their money to be replace.

I think there is no guarantee that bitcoin will replace fiat when their prices become stable. agree all things against the government and the country would lose incuding bitcoin
fiat is behind the government of course they are very large force and power it will be difficult to achieve it

defined

hero member

Activity: 574

Merit: 500

Quote from: maxj57634 on April 02, 2016, 04:46:12 AM

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.

maxj57634

full member

Activity: 168

Merit: 100

Quote from: Nevis on April 02, 2016, 04:02:17 AM

Nope bitcoin cannot replace fiat, fiat is our daily use spending unlike bitcoin can only use for internet spending and theres only 21 million bitcoin unlike fiat very many around the world.

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.

Nevis

hero member

Activity: 560

Merit: 500

Nope bitcoin cannot replace fiat, fiat is our daily use spending unlike bitcoin can only use for internet spending and theres only 21 million bitcoin unlike fiat very many around the world.

Paultango

full member

Activity: 205

Merit: 100

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 it wont replace fiat because to have bitcoin you must exchange some fiat to have bitcoin, but most people in the future will use bitcoins as their daily spending in reality.

joinal

sr. member

Activity: 322

Merit: 250

Quote from: kenot21 on April 02, 2016, 01:45:30 AM

Including source of income of government. Some countries are still on a third world country and most of the people there can't even afford to buy a mobile or pay a internet. Some people will get left behind if the government accept bitcoin.

of course if the government accepts and legalize bitcoin many people will join with bitcoin,
you know bitcoin is decentralized so the government will not be able to earn a living from bitcoin, the government could not give tax on bitcoin users

Topic: Bitcoin can not replace fiat - page 126. (Read 163793 times)