Bitcoin can not replace fiat - page 63.

diegz

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Quote from: BlokF4No27 on February 19, 2017, 10:17:23 PM

Surely, I'm sure until whenever bitcoin can not replace a fiat money. This is because fiat money is the currency of the country so that the State had complete control of fiat money.

As mentioned many times before, it is hard to control bitcoin, and its price is being influenced by other people who are also using it, and that it might not be enough for all, it's true. But aside from that, I can't imagine that our currency is being processed outside the country. Besides, fiat is still useful today, I don't see it being replaced that soon.

BlokF4No27

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Surely, I'm sure until whenever bitcoin can not replace a fiat money. This is because fiat money is the currency of the country so that the State had complete control of fiat money.

FlightyPouch

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Quote from: laredo7mm on February 19, 2017, 09:49:16 AM

We will find many users that will start using bitcoins in future but it cannot replace fiat for sure as there will many users who will be comfortable in using fiat as bitcoin can be complicated for them and as they are using fiat since long time they will not switch to something that is totally new to them.

There will be no reason or anything else that bitcoin will replace real money even in the future. People nowadays are using bitcoin to earn real money by trading it or turning it to real money, in short they are using it as a trading stock and not a money or currency.
Bitcoin may be a cryptocurrency that will be used by other country but it will never replace real money.

ImHash

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Well you newbies of this world show know something first, if there is no fiat money in the world then you must trade some eggs when you need milk.
Bitcoin as both currency and payment processor will definitely replace paypal. I don't want to sound selfish but I am a reasonable person with a bit higher IQ than average and I already figured bitcoin is much better than paypal and other money related systems currently in the world so it's only a matter of time before many more like minded people see that as well.

Erza

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Quote from: iqlimasyadiqa on February 19, 2017, 04:34:39 AM

Quote from: lilit on February 19, 2017, 03:54:51 AM

Quote from: jossiel on February 16, 2017, 10:42:10 PM

Quote from: Babayega31 on February 13, 2017, 05:45:26 AM

Fiat currency cannot be replaced with bitcoin because fiat currency price is not fluctuating and the price is stable and changes is not erratic. We all knew bitcoin is very profitable on investments but the whole world still not using it as a method of spending because of that reason that btc price is not stable of its price, sometimes it rises and may fall very low.

Fiat is surely a strong so it's not going to happen that bitcoin will ever replace fiat. But the good thing is that bitcoin can be considered as fiat.

We can use it actually for different transactions that we are going to do, buying of different goods and services that we wish to purchase.

Fiat currency is supported by the state, even with the help of the law. Competitions without major trumps bitcoin lose. Members will have to make concessions. But who would agree.

it's current state. but in the future I'm sure bitcoin be accepted and supported by various state policies in the world. such as the euro is widely used as the official currency in Europe. bitcoin will evolve and have a groove like that. Here we are just waiting for the right time to declare that the currency bitcoin is legal and official use.

But it is already legal for some country and some country also make an ATM machine to withdraw some coin already or make any transfer through that machine but I dont really know if this is continue to higher level or not since so many pro and contra about this bitcoin. And I dont think bitcoin will be accepted unless government can hold all bitcoin may be future will change

BeGoods

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Quote from: laredo7mm on February 19, 2017, 09:49:16 AM

We will find many users that will start using bitcoins in future but it cannot replace fiat for sure as there will many users who will be comfortable in using fiat as bitcoin can be complicated for them and as they are using fiat since long time they will not switch to something that is totally new to them.

I think although bitcoin added the well known and has a lot of users. it will not make fiat replaced. because fiat backed by the government. where all the people will obey the rules of government

Nimbulan

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Quote from: jossiel on February 16, 2017, 10:42:10 PM

Quote from: Babayega31 on February 13, 2017, 05:45:26 AM

Fiat currency cannot be replaced with bitcoin because fiat currency price is not fluctuating and the price is stable and changes is not erratic. We all knew bitcoin is very profitable on investments but the whole world still not using it as a method of spending because of that reason that btc price is not stable of its price, sometimes it rises and may fall very low.

Fiat is surely a strong so it's not going to happen that bitcoin will ever replace fiat. But the good thing is that bitcoin can be considered as fiat.

We can use it actually for different transactions that we are going to do, buying of different goods and services that we wish to purchase.

well you are definitely right that fiat is really strong at the moment, but in my opinion everything is possible and in the future, maybe after a couple of decades we will reach the point where bitcoin is stronger than fiat

Wowcoin

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The fiat currency is widely known and popular to people as their spending currency used for all purchases they made local or international specially in banks, but it cannot be replaced with bitcoin although bitcoin has many advantages in terms of earning preference. Bitcoin can be a source of sustainable fiat money which you could not compare with fiat currency.

Sled

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Bitcoin- in bullish time

Quote from: Mario274 on February 19, 2017, 03:13:24 PM

Quote from: lilit on February 19, 2017, 03:54:51 AM

Quote from: jossiel on February 16, 2017, 10:42:10 PM

Quote from: Babayega31 on February 13, 2017, 05:45:26 AM

Fiat currency cannot be replaced with bitcoin because fiat currency price is not fluctuating and the price is stable and changes is not erratic. We all knew bitcoin is very profitable on investments but the whole world still not using it as a method of spending because of that reason that btc price is not stable of its price, sometimes it rises and may fall very low.

Fiat is surely a strong so it's not going to happen that bitcoin will ever replace fiat. But the good thing is that bitcoin can be considered as fiat.

We can use it actually for different transactions that we are going to do, buying of different goods and services that we wish to purchase.

Fiat currency is supported by the state, even with the help of the law. Competitions without major trumps bitcoin lose. Members will have to make concessions. But who would agree.

The government does not want to give Bitcoin. Because it can not control cryptocurrency. The government will always support Fiat. Therefore, it will always exist

Yes that is it. That is why any cryptocurrency or any kind of digital money will ever take the crown off from the fiat because government is the biggest enemy of any digital money since they can't control the market or the price of the digital money then they will not support it because they can't get too much benefit like having tax. Government will stick to fiat because it gives them money but not on bitcoin.

Mario274

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Quote from: lilit on February 19, 2017, 03:54:51 AM

Quote from: jossiel on February 16, 2017, 10:42:10 PM

Quote from: Babayega31 on February 13, 2017, 05:45:26 AM

Fiat currency cannot be replaced with bitcoin because fiat currency price is not fluctuating and the price is stable and changes is not erratic. We all knew bitcoin is very profitable on investments but the whole world still not using it as a method of spending because of that reason that btc price is not stable of its price, sometimes it rises and may fall very low.

Fiat is surely a strong so it's not going to happen that bitcoin will ever replace fiat. But the good thing is that bitcoin can be considered as fiat.

We can use it actually for different transactions that we are going to do, buying of different goods and services that we wish to purchase.

Fiat currency is supported by the state, even with the help of the law. Competitions without major trumps bitcoin lose. Members will have to make concessions. But who would agree.

The government does not want to give Bitcoin. Because it can not control cryptocurrency. The government will always support Fiat. Therefore, it will always exist

Mr.grin

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I am quite confident that the fiat positioned so great within a country, and it really gives a very useful effect for the life of the transaction in the community. bitcoin is a new thing in the world today, and even not all people know the benefits bitcoin. I think bitcoin can not replace fiat for current, or future.

laredo7mm

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We will find many users that will start using bitcoins in future but it cannot replace fiat for sure as there will many users who will be comfortable in using fiat as bitcoin can be complicated for them and as they are using fiat since long time they will not switch to something that is totally new to them.

UnoriginalName

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Well, there are reasons why Bitcoin will not replace fiat currency. I had expected more of a coherent argument than what is practically "people don't use it now so they won't use it in the future", which is completely meaningless. Your argument is literally "to spend Bitcoin you need to have it", which has been true of every currency, ever, and they have still changed over time.

The main reason I can think of for Bitcoin not replacing fiat currencies is that governments tend to be hostile to currencies which are harder to regulate and can't be so well controlled by the government. There's also the time it'll take for everyone to have access to the Internet, which will be a fairly long time, despite the fact that the Internet is growing extremely rapidly. I would also consider that countries usually prefer to have local currencies and unless there was more globalisation which isn't necessarily going to happen it would be difficult.

onelove2111

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Quote from: meelvanchris on February 19, 2017, 04:45:41 AM

Quote from: iqlimasyadiqa on February 19, 2017, 04:34:39 AM

Quote from: lilit on February 19, 2017, 03:54:51 AM

Quote from: jossiel on February 16, 2017, 10:42:10 PM

Quote from: Babayega31 on February 13, 2017, 05:45:26 AM

Fiat currency cannot be replaced with bitcoin because fiat currency price is not fluctuating and the price is stable and changes is not erratic. We all knew bitcoin is very profitable on investments but the whole world still not using it as a method of spending because of that reason that btc price is not stable of its price, sometimes it rises and may fall very low.

Fiat is surely a strong so it's not going to happen that bitcoin will ever replace fiat. But the good thing is that bitcoin can be considered as fiat.

We can use it actually for different transactions that we are going to do, buying of different goods and services that we wish to purchase.

Fiat currency is supported by the state, even with the help of the law. Competitions without major trumps bitcoin lose. Members will have to make concessions. But who would agree.

it's current state. but in the future I'm sure bitcoin be accepted and supported by various state policies in the world. such as the euro is widely used as the official currency in Europe. bitcoin will evolve and have a groove like that. Here we are just waiting for the right time to declare that the currency bitcoin is legal and official use.

Bitcoin will get support from the Government who are not corrupt and believes in development and growth of the country but we cannot expect that from each and every country as most of them are involved in corrupted activities and won't allow bitcoin to get on the mainstream.

Frankly, ladies and gentlemen, in our world, I have long ago ceased to believe in a fairy tale, and similarly, in the country and its government without corruption. I live in a country where until recently the Justice people shed their blood, but officials and the whole top of the power fuck up these aspirations and feelings. Do not believe me that eradicate corruption and that bitcoin will be legalized in my country.

meelvanchris

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Quote from: iqlimasyadiqa on February 19, 2017, 04:34:39 AM

Quote from: lilit on February 19, 2017, 03:54:51 AM

Quote from: jossiel on February 16, 2017, 10:42:10 PM

Quote from: Babayega31 on February 13, 2017, 05:45:26 AM

Fiat currency cannot be replaced with bitcoin because fiat currency price is not fluctuating and the price is stable and changes is not erratic. We all knew bitcoin is very profitable on investments but the whole world still not using it as a method of spending because of that reason that btc price is not stable of its price, sometimes it rises and may fall very low.

Fiat is surely a strong so it's not going to happen that bitcoin will ever replace fiat. But the good thing is that bitcoin can be considered as fiat.

We can use it actually for different transactions that we are going to do, buying of different goods and services that we wish to purchase.

Fiat currency is supported by the state, even with the help of the law. Competitions without major trumps bitcoin lose. Members will have to make concessions. But who would agree.

it's current state. but in the future I'm sure bitcoin be accepted and supported by various state policies in the world. such as the euro is widely used as the official currency in Europe. bitcoin will evolve and have a groove like that. Here we are just waiting for the right time to declare that the currency bitcoin is legal and official use.

Bitcoin will get support from the Government who are not corrupt and believes in development and growth of the country but we cannot expect that from each and every country as most of them are involved in corrupted activities and won't allow bitcoin to get on the mainstream.

iqlimasyadiqa

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Quote from: lilit on February 19, 2017, 03:54:51 AM

Quote from: jossiel on February 16, 2017, 10:42:10 PM

Quote from: Babayega31 on February 13, 2017, 05:45:26 AM

Fiat currency cannot be replaced with bitcoin because fiat currency price is not fluctuating and the price is stable and changes is not erratic. We all knew bitcoin is very profitable on investments but the whole world still not using it as a method of spending because of that reason that btc price is not stable of its price, sometimes it rises and may fall very low.

Fiat is surely a strong so it's not going to happen that bitcoin will ever replace fiat. But the good thing is that bitcoin can be considered as fiat.

We can use it actually for different transactions that we are going to do, buying of different goods and services that we wish to purchase.

Fiat currency is supported by the state, even with the help of the law. Competitions without major trumps bitcoin lose. Members will have to make concessions. But who would agree.

it's current state. but in the future I'm sure bitcoin be accepted and supported by various state policies in the world. such as the euro is widely used as the official currency in Europe. bitcoin will evolve and have a groove like that. Here we are just waiting for the right time to declare that the currency bitcoin is legal and official use.

wutard

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Quote from: jaysabi on February 16, 2017, 10:01:15 PM

Quote from: ?? on ??

Bitcoin, in contrast to the euro or others currencies has no legal price, that it. No one is required to accept it as payment. Today mainly
the sites about online games, sale of computer equipment and Internet services, such as the host of World Press blogs accept it and it is still just a fews.. But it fulfills the three economic functions of money: Unit of account, it allows to measure the values (prices in bitcoins, on). Some e-commerce sites ntermediate trade, it allows to set the transactions; store of value, it can be stored (on a digital portfolio hosted on a computer, a tablet or a smartphone) for a future purchase.

Store of value doesn't mean whether or not the medium can be stored, it means that the medium itself (bitcoin in this case) stores the value assigned to it. This is the test that bitcoin fails. Storing value necessitates price stability. If you look at all failing currencies, none of them were literally worthless, they all had some value, so they were technically a store of value. But they were useless as a currency because there was no price stability. Dead currencies suffered under rapid inflation. Bitcoin doesn't have a one-way only trajectory; it swings in both directions, but the price movements make it just as useless as a currency, because you can't be reasonably certain that the value you put into it today will be the same in a week, let alone for the long periods of time that are required to have financial security.

Despite the fact that all the currencies in the world is technically supported in their prices, the foreign exchange funds are also a support for gold reserves. Therefore, each paper has its grams of gold, while in the case of Bitcoin does not. Here you can already raise the question of what is the value of bitcoin.

lilit

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Quote from: jossiel on February 16, 2017, 10:42:10 PM

Quote from: Babayega31 on February 13, 2017, 05:45:26 AM

Fiat currency cannot be replaced with bitcoin because fiat currency price is not fluctuating and the price is stable and changes is not erratic. We all knew bitcoin is very profitable on investments but the whole world still not using it as a method of spending because of that reason that btc price is not stable of its price, sometimes it rises and may fall very low.

Fiat is surely a strong so it's not going to happen that bitcoin will ever replace fiat. But the good thing is that bitcoin can be considered as fiat.

We can use it actually for different transactions that we are going to do, buying of different goods and services that we wish to purchase.

Fiat currency is supported by the state, even with the help of the law. Competitions without major trumps bitcoin lose. Members will have to make concessions. But who would agree.

coszy

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Merit: 250

Quote from: asriloni on February 16, 2017, 10:46:46 PM

Quote from: virasog on February 13, 2017, 04:08:53 AM

Quote from: asriloni on February 12, 2017, 08:33:50 PM

Quote from: blackhawkeye1912 on February 12, 2017, 01:40:43 PM

Bitcoin cannot replace fiat, Fiat has been established their community for several years. Nowadays not all people are favor in Bitcoin on the contrary, not all people are not favor in fiat also even they don't have any knowledge in bitcoin.

Everybody in here knows about the fiat currency and bitcoin. but the possibilities of bitcoin to replace fiat isn't exist. The digital world is the correct place for bitcoin rather than use it in our daily life. although it can go with confirming a thousand transactions for a block.

But i think it doesn't matter if everyone know or not know about bitcoin. Because matter is that bitcoin can't replace to any other fiat currency, Because no one government accept bitcoin to replace his own nation currency, and if bitcoin marge into fiat than the question will be come Why and What matter to create the bitcoin? I think bitcoin could finish but it has no need to replace to another fiat currency. But i agree with you, digital world is right place of the bitcoin, bitcoin don't need fiat.

Bitcoin is the fiat complement, And it's a good alternative to replace the fiat in the digital world. No one will accepting it because it was opposite with the government's regulation. But bitcoin still can have the special permission.

As long as governments do not have the opportunity to levy taxes on its citizens, even with bitcoin, this currency will not get approval and will be located outside of the law.

Mirconome

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Quote from: Finestream on February 17, 2017, 01:42:45 AM

Quote from: asriloni on February 16, 2017, 10:46:46 PM

Quote from: virasog on February 13, 2017, 04:08:53 AM

Quote from: asriloni on February 12, 2017, 08:33:50 PM

Quote from: blackhawkeye1912 on February 12, 2017, 01:40:43 PM

Bitcoin cannot replace fiat, Fiat has been established their community for several years. Nowadays not all people are favor in Bitcoin on the contrary, not all people are not favor in fiat also even they don't have any knowledge in bitcoin.

Everybody in here knows about the fiat currency and bitcoin. but the possibilities of bitcoin to replace fiat isn't exist. The digital world is the correct place for bitcoin rather than use it in our daily life. although it can go with confirming a thousand transactions for a block.

But i think it doesn't matter if everyone know or not know about bitcoin. Because matter is that bitcoin can't replace to any other fiat currency, Because no one government accept bitcoin to replace his own nation currency, and if bitcoin marge into fiat than the question will be come Why and What matter to create the bitcoin? I think bitcoin could finish but it has no need to replace to another fiat currency. But i agree with you, digital world is right place of the bitcoin, bitcoin don't need fiat.

Bitcoin is the fiat complement, And it's a good alternative to replace the fiat in the digital world. No one will accepting it because it was opposite with the government's regulation. But bitcoin still can have the special permission.

No question that bitcoin is good but with government regulation, it will be hard for us bitcoin users to disobey the law, we will have to sacrifice not being anonymous as money laundering is the main concern of the government. The more we have funds in bitcoin, the more we get suspected and by the moment we cash it out, we will have to explain how do we obtain such big amount.

Most people look at the world through rose-colored glasses and I do not understand what they were hoping for. I totally agree that if they recognize bitcoin officially, it is only through full control of financial transactions.

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