Bitcoin replaces the money? Could happen? - page 12.

CoinFoxs

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Quote from: TTMNewsK on October 04, 2016, 09:21:14 PM

There is a possibility that it will be happens in the future.
Why? Because as far as we all know, most of the people recognizing the bitcoin as their digital money. They are using it to buy their needs. It is very useful for them. So it can might replace the money soon.

Fiat is more stronger than bitcoin because fiat is accepted worldwide, on the other hand bitcoin is not accepted in many countrie's stores and even there are some countries where people have no knowledge about bitcoin so for now it will not gonna happen.

chixka000

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Well as being discussed before, if you really are an futuristic person then this thing is really possible but the chances are to low, some of the users said that this will not happen, in some ways bitcoin can be used as an alternative of fiat instead.

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Quote from: bitcoluck on October 10, 2016, 09:52:04 AM

I think because bitcoin has a great opportunity to become the most popular money that will be used in the future

One popular enough to replace the currency Bitcoin. It must recognize at the government level

bitcoluck

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I think because bitcoin has a great opportunity to become the most popular money that will be used in the future

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Quote from: betohell on October 09, 2016, 07:07:24 PM

Quote from: simpler2016 on October 09, 2016, 01:06:53 PM

It can happen, but many years later. Who is not ready for this people and the government. Bitcoin will always be an alternative currency, but not the main

yeah I would think that would be an option only bitcoin currency only and not to be the main currency in the world and replace fiat

It will not going to be an option rather it can be declared as a secondary currency for each country. Even though the fact that bitcoin won't replace fiat money.

Unless the government of America is going to promote the usage of bitcoin as secondary currency then most of the countries will able to do the same.

But as of now it is not going to happen.

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Quote from: simpler2016 on October 09, 2016, 01:06:53 PM

It can happen, but many years later. Who is not ready for this people and the government. Bitcoin will always be an alternative currency, but not the main

yeah I would think that would be an option only bitcoin currency only and not to be the main currency in the world and replace fiat

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Quote from: CoinFoxs on October 05, 2016, 01:49:24 AM

Quote from: TTMNewsK on October 04, 2016, 09:21:14 PM

There is a possibility that it will be happens in the future.
Why? Because as far as we all know, most of the people recognizing the bitcoin as their digital money. They are using it to buy their needs. It is very useful for them. So it can might replace the money soon.

It will not happen because in many countries bitcoin is not that much popular and people are not aware of bitcoin. And bitcoin is accepted in very few stores while fiat is accepted in any store, so bitcoin will not gonna replace fiat or money.

and as the government and the banks are against bitcoin so we cannot think that one day everywhere bitcoin will be used and there will be no any papaer money. Bitcoin will establish but the nations will keep surviving their national currency.

simpler2016

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It can happen, but many years later. Who is not ready for this people and the government. Bitcoin will always be an alternative currency, but not the main

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Quote from: Wandering Soul~ on October 09, 2016, 09:06:29 AM

I think it's quite obvious that bitcoin can never replace fiats . Like what wil happen to trading and the exchange businesses? See It doesn't make sense . There are many hurdles to overcome for bitcoin to replace fiat however bitcoin as another form of payment into some businesses is a great thing and might happen anytime soon.

bitcoin in its current form functions extremely well the way we use it. in that aspect there is basically no need for bitcoin to replace anything. especially because it's simply not realistic to think bitcoin has even a slight chance to replace any fiat currency. people should stop hoping for this to happen. it's a waste of time.

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At its current standing, I think it cannot replace fiat anytime sooner. There are a lot of problems in terms of development e.g. we cannot come into a solid conclusion of the block size debate among others. Also, not many people know about and understand the workings of bitcoin. they simply cannot comprehend, and it takes a lot of time for that to happen knowing that they are used to using fiat and fiat alone in their spending.

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I don't think Bitcoin by itself can replace fiat currency because banks and governments are way too strong and they won't let us little people take full control of the financial global system but as more and more societies and people decide to wake up then it could become a prominent part of people's saving portfolio.

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Could not. It is way too meticulous for people to accept it. We know the kind of world we are living now. They want it easy and faster without their work being affected even just by a little bit of time.

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I think it's quite obvious that bitcoin can never replace fiats . Like what wil happen to trading and the exchange businesses? See It doesn't make sense . There are many hurdles to overcome for bitcoin to replace fiat however bitcoin as another form of payment into some businesses is a great thing and might happen anytime soon.

tracktorr

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Bitcoin my opinion would be the only addition to other currencies, and despite the fact that there is a very cryptocurrency individually, but its use is of secondary importance.

madwica

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bitcoin is money in online transaction, what do you mean money to replaced by bitcoin?
There are many topic like FIAT CAN REPLACED BY BITCOIN? BANK CAN DISAPPEAR BY BITCOIN? i think OP go to that topic and you can get the answer on your question.

CoinFoxs

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Quote from: TTMNewsK on October 04, 2016, 09:21:14 PM

There is a possibility that it will be happens in the future.
Why? Because as far as we all know, most of the people recognizing the bitcoin as their digital money. They are using it to buy their needs. It is very useful for them. So it can might replace the money soon.

It will not happen because in many countries bitcoin is not that much popular and people are not aware of bitcoin. And bitcoin is accepted in very few stores while fiat is accepted in any store, so bitcoin will not gonna replace fiat or money.

DRaGoN RaNTaRo

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bitcoin does not need to replace the fiat currency if that is what you are referring here,being a digital currency and with a huge market capital bitcoin has its space in the currency market alongside the worlds leading currency ,nothing has to be replaced

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Quote from: Mr. Big on October 04, 2016, 10:52:53 PM

Quote from: TTMNewsK on October 04, 2016, 09:21:14 PM

There is a possibility that it will be happens in the future.
Why? Because as far as we all know, most of the people recognizing the bitcoin as their digital money. They are using it to buy their needs. It is very useful for them. So it can might replace the money soon.

For now we are earning bitcoin, supposed that it replace money, do you think that there will still be someone giving away money? Besides, money can also be revolutionized..Who knows, one day money would have a digital form and be like bitcoins...So definitely that's too impossible to happen that bitcoin would replace money...

Well if it replaces money how do we determine the value of bitcoins then, I do not think really that would happen as I am also sure whales would not allow that, the security is not good for our investment, we should not rule the world as there is not law in bitcoin that everyone should comply.

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Quote from: TTMNewsK on October 04, 2016, 09:21:14 PM

There is a possibility that it will be happens in the future.
Why? Because as far as we all know, most of the people recognizing the bitcoin as their digital money. They are using it to buy their needs. It is very useful for them. So it can might replace the money soon.

For now we are earning bitcoin, supposed that it replace money, do you think that there will still be someone giving away money? Besides, money can also be revolutionized..Who knows, one day money would have a digital form and be like bitcoins...So definitely that's too impossible to happen that bitcoin would replace money...

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Quote from: goldcoinminer on October 04, 2016, 10:04:24 PM

Quote from: TTMNewsK on October 04, 2016, 09:21:14 PM

There is a possibility that it will be happens in the future.
Why? Because as far as we all know, most of the people recognizing the bitcoin as their digital money. They are using it to buy their needs. It is very useful for them. So it can might replace the money soon.

I respect your opinion but I do not think it will ever happen, we all know here that bitcoin is invented by an anonymous programmer so how can the government trust this and for sure they will let us comply with bitcoin if we all go to digital but our privilege of getting freedom will be lost as we will be controlled by the government again.

You are right, bitcoin cant replace fiat anytime soon because bitcoin would require lots of things to comply on when it intend to be controlled by the government but as you said bitcoin is anonymous and cant be controlled by anybody this means its impossible for it to be adopted legally.

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