Topic: Bitcoin replaces the money? Could happen? (Read 86028 times)
I think maybe, someday with bitcoin we could buy something. the important thing now hopefully bitcoin currency legalized be recognized throughout the country.
As of now, it will never happen, here in my country bitcoin
still not yet that well known. No bitcoin atm yet, need to
introduce so people could understand what is bitcoin.
Thus, bitcoin could not replace the fiat.
still not yet that well known. No bitcoin atm yet, need to
introduce so people could understand what is bitcoin.
Thus, bitcoin could not replace the fiat.
I think bitcoin need to introduce it first globally and it would be hard especially for those countries that are not rich in technologies. In my country too some of the remote places here doesn't have internet since they are not yet fully develop and I think it would take years or decades before they will be develop.. so that would be one of the hindrances bitcoin for replacing money.
As of now, it will never happen, here in my country bitcoin
still not yet that well known. No bitcoin atm yet, need to
introduce so people could understand what is bitcoin.
Thus, bitcoin could not replace the fiat.
still not yet that well known. No bitcoin atm yet, need to
introduce so people could understand what is bitcoin.
Thus, bitcoin could not replace the fiat.
Remember one thing that bitcoin hasnt anymore those 21 milion coins, several coins has been lost into the last years, besides that to bitcoin get near the total ammount of money over the world, it would require bitcoin worth how much something like 40000 dollars for 1 bitcoin?
I think the number of bitcoin is not reduced, halving only reduces the block, not the amount on bitcoin, #imoI think however high the price of bitcoin, it will not be able to beat fiat
Remember one thing that bitcoin hasnt anymore those 21 milion coins, several coins has been lost into the last years, besides that to bitcoin get near the total ammount of money over the world, it would require bitcoin worth how much something like 40000 dollars for 1 bitcoin?
As flawed as the fiat is, bitcoin cannot replace what it does right now. Unless governments all over adopts bitcoin, which is highly unlikely to happen. And if by a small chance that happens, bitcoin as we know it would be a totally different thing.
Exactly, and the first thing would happen if it is adopted by a government would be the control, it is currently not in control of any authority and all of us are anonymous, but if the government of a country adopts it they would probably like to have control on the transactions or things the people doing in the country.
lol you forgot the 8 degits after the decimal points. If you consider that 8 digits then that will be 100M x 21M now tell me if it is still small? The creator of bitcoin is really an intelligent being, he make 8 digits after the decimal to make up for the 21m limit of bitcoin. Bitcoin might be limited but satoshi is plenty for all of us.
As flawed as the fiat is, bitcoin cannot replace what it does right now. Unless governments all over adopts bitcoin, which is highly unlikely to happen. And if by a small chance that happens, bitcoin as we know it would be a totally different thing.
Exactly, and the first thing would happen if it is adopted by a government would be the control, it is currently not in control of any authority and all of us are anonymous, but if the government of a country adopts it they would probably like to have control on the transactions or things the people doing in the country.
As flawed as the fiat is, bitcoin cannot replace what it does right now. Unless governments all over adopts bitcoin, which is highly unlikely to happen. And if by a small chance that happens, bitcoin as we know it would be a totally different thing.
Exactly, and the first thing would happen if it is adopted by a government would be the control, it is currently not in control of any authority and all of us are anonymous, but if the government of a country adopts it they would probably like to have control on the transactions or things the people doing in the country.
As flawed as the fiat is, bitcoin cannot replace what it does right now. Unless governments all over adopts bitcoin, which is highly unlikely to happen. And if by a small chance that happens, bitcoin as we know it would be a totally different thing.
Exactly, and the first thing would happen if it is adopted by a government would be the control, it is currently not in control of any authority and all of us are anonymous, but if the government of a country adopts it they would probably like to have control on the transactions or things the people doing in the country.
As flawed as the fiat is, bitcoin cannot replace what it does right now. Unless governments all over adopts bitcoin, which is highly unlikely to happen. And if by a small chance that happens, bitcoin as we know it would be a totally different thing.
Exactly, and the first thing would happen if it is adopted by a government would be the control, it is currently not in control of any authority and all of us are anonymous, but if the government of a country adopts it they would probably like to have control on the transactions or things the people doing in the country.
As flawed as the fiat is, bitcoin cannot replace what it does right now. Unless governments all over adopts bitcoin, which is highly unlikely to happen. And if by a small chance that happens, bitcoin as we know it would be a totally different thing.
Exactly, and the first thing would happen if it is adopted by a government would be the control, it is currently not in control of any authority and all of us are anonymous, but if the government of a country adopts it they would probably like to have control on the transactions or things the people doing in the country.
As flawed as the fiat is, bitcoin cannot replace what it does right now. Unless governments all over adopts bitcoin, which is highly unlikely to happen. And if by a small chance that happens, bitcoin as we know it would be a totally different thing.
Exactly, and the first thing would happen if it is adopted by a government would be the control, it is currently not in control of any authority and all of us are anonymous, but if the government of a country adopts it they would probably like to have control on the transactions or things the people doing in the country.
As flawed as the fiat is, bitcoin cannot replace what it does right now. Unless governments all over adopts bitcoin, which is highly unlikely to happen. And if by a small chance that happens, bitcoin as we know it would be a totally different thing.
Indeed mate. Bitcoin wilk stay what it is for now because it cannot replace fiat. Bitcoin should be introduce globally and all countries should agree to this. Remember that all countries will have different thoughts and insights about bitcoin and it will be a long process.
As flawed as the fiat is, bitcoin cannot replace what it does right now. Unless governments all over adopts bitcoin, which is highly unlikely to happen. And if by a small chance that happens, bitcoin as we know it would be a totally different thing.
The take over of bitcoin over the fiat money will never happen. I think the highest position of bitcoin will be the alternative for fiat currency. Government will never allow anything that is not controlled or centralized. So the possibility of bitcoin to replace every nations money is next to impossible in my opinion.
im new her but bitcoinis the standard crypto currency that we use in daily basis in the cyber or even in the real world but im dont think if bitcoin replace money or real world money.Actually, what you are saying is right, even if we can use bitcoin in a daily basis with our online transaction we cannot deny the fact that it can never replace money(fiat) which was designed by the government to be the legal tender. Let's just be happy of what bitcoin has and will achieve..
Bitcoin cant replaced fiat anytime soon because bitcoins is not legalized by the government and some of them do ban it. You are right no matter how we used bitcoin on our online transactions but still fiat would still remain and cant be replaced by any means. Bitcoin would only serve as a side currency hence its a digital currency after all.
Right, even if bitcoin is very popular. It can't replace fiat because it is not that well established not like fiat which we use for a long time.
Maybe most of us will prefér bitcoin but we will not set aside the fiat. I think in the future, we will use both fiat and bitcoin as our mode of payment in our transactions.
The take over of bitcoin over the fiat money will never happen. I think the highest position of bitcoin will be the alternative for fiat currency. Government will never allow anything that is not controlled or centralized. So the possibility of bitcoin to replace every nations money is next to impossible in my opinion.
im new her but bitcoinis the standard crypto currency that we use in daily basis in the cyber or even in the real world but im dont think if bitcoin replace money or real world money.Actually, what you are saying is right, even if we can use bitcoin in a daily basis with our online transaction we cannot deny the fact that it can never replace money(fiat) which was designed by the government to be the legal tender. Let's just be happy of what bitcoin has and will achieve..
Bitcoin cant replaced fiat anytime soon because bitcoins is not legalized by the government and some of them do ban it. You are right no matter how we used bitcoin on our online transactions but still fiat would still remain and cant be replaced by any means. Bitcoin would only serve as a side currency hence its a digital currency after all.
The take over of bitcoin over the fiat money will never happen. I think the highest position of bitcoin will be the alternative for fiat currency. Government will never allow anything that is not controlled or centralized. So the possibility of bitcoin to replace every nations money is next to impossible in my opinion.
im new her but bitcoinis the standard crypto currency that we use in daily basis in the cyber or even in the real world but im dont think if bitcoin replace money or real world money.Actually, what you are saying is right, even if we can use bitcoin in a daily basis with our online transaction we cannot deny the fact that it can never replace money(fiat) which was designed by the government to be the legal tender. Let's just be happy of what bitcoin has and will achieve..
Bitcoin never replace fiat. The government will not allow it. It is not profitable.
Bitcoin is very profitable. Take the people in this place as an example, if it's not because of bitcoin, we will all be in reddit, instagram, twitter, and facebook. Just spending time there talking to people who would never care about us. We will spend tons of time on social media sites looking for validation from other people and all those social stuffs that aren't worth it of our time.There can still be some point of views that the government can discover that would make them think that bitcoin is actually good their country's economy. But anyway, the government cannot control the growth of bitcoin day by day. If their people starts to use bitcoin, they can't just arrest them one by one.
Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual.In my country, too, the government will not allow that Bitcoin has taken a dominant position. He will be suppressed by the laws and taxes. The government will not allow the replacement of Fiat on cryptocurrency
Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual.Jump to: