Bitcoin replaces the money? Could happen? - page 13.

goldcoinminer

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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.

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.

TTMNewsK

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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.

Universat

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Quote from: Mastsetad on October 03, 2016, 11:13:29 AM

Quote from: Ayers on October 03, 2016, 09:58:59 AM

Quote from: coynedterm on October 03, 2016, 12:44:35 AM

you are right that you can't buy product directly spending btc but you can use it indirectly . while you have the option to spent bitcoin for Online product at purse.io . so i think in the coming days Bitcoin can replace the money .

i think you are wrong there are many services that let you buy with bitcoin, without dumping first for fiat, for example caseking, which sell HW part and computer, i bought my miner rig there without problem

There are a lot of places for buying things with bitcoins without converting them to fiat, but anyway, that is not related to this topic, where we are discussing about bitcoin replacing money, and in my opinion it cannot because believers of fiat are way more than believers of bitcoin right now.

yes i also agree with you, i think it is not possible in near future, because still almost all people are using fiact currency and some are using bitcoin as an optional currency, but it is also a fact that the users of bitcoin are also increasing day by day.

ekoice

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No, Bitcoin cannot replace money fully.Fiat currency is supported by governments and is used worldwide.Bitcoin will be used as a secondary payment option.

Lavavest

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Quote from: ovvidiy on October 04, 2016, 12:47:44 PM

Since not very active or willing to authorities in different countries want to introduce cryptocurrency into use, or at least to recognize it as a currency, I think that the prospects of replacing bitcoin real money is not very large.

There is little chance for the bitcoin to replace fiat in 10 years. But in 20 years, it could be a reserve currency.

krishna1

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it can happen but market is always unpridictable and only shops can change he currenct ups and downs so it depends on the shops will they accept it or not and the more important point is who would we tell them about bitcoin and how to use them and will they?

ovvidiy

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Since not very active or willing to authorities in different countries want to introduce cryptocurrency into use, or at least to recognize it as a currency, I think that the prospects of replacing bitcoin real money is not very large.

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Quote from: Altcoinmoney on October 04, 2016, 03:35:14 AM

Quote from: chaosknight on August 05, 2016, 11:24:49 AM

Quote from: Fatanut on August 05, 2016, 10:41:26 AM

I think it's actually possible when everything's done digitally. When every transaction of every penny is done through bitcoin and nothing else. Every fiat has to be converted into bitcoin and bitcoin will surely have a stable value. It's too far fetched as of today though to confirm that this will happen in the future. If we try to convert all fiat money into bitcoin today, people will just do a protest as the majority of people don't even know what bitcoin is.

Yeah bitcoin is still not too popular in many corners of the world and people will prefer to use fiat as they are used to it and they are using it since long time.

I do not think that Bitcoin is ever going to replace money because to me it just seems so unlikely to happen so all of a sudden.
Many people do not even know what Bitcoin is and then they will be forced to use it.

You are right, bitcoin cant replace fiat anytime soon and you are right it would take time for people to adopt bitcoin hence its not fully spread all over the world as of now. But even how bitcoin would be succesful in the future, it would have a hard time to replace fiat money.

Altcoinmoney

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Quote from: chaosknight on August 05, 2016, 11:24:49 AM

Quote from: Fatanut on August 05, 2016, 10:41:26 AM

I think it's actually possible when everything's done digitally. When every transaction of every penny is done through bitcoin and nothing else. Every fiat has to be converted into bitcoin and bitcoin will surely have a stable value. It's too far fetched as of today though to confirm that this will happen in the future. If we try to convert all fiat money into bitcoin today, people will just do a protest as the majority of people don't even know what bitcoin is.

Yeah bitcoin is still not too popular in many corners of the world and people will prefer to use fiat as they are used to it and they are using it since long time.

I do not think that Bitcoin is ever going to replace money because to me it just seems so unlikely to happen so all of a sudden.
Many people do not even know what Bitcoin is and then they will be forced to use it.

freedomgo

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Quote from: milewilda on October 03, 2016, 10:55:11 PM

Quote from: Harlot on October 03, 2016, 10:48:34 PM

Quote from: mace15 on October 03, 2016, 10:44:41 PM

I dont think so that bitcoin be replaces the money. I dont
think that this could happen. As other people will not get
easily jives the process of bitcoin. As other people will not
easily understand whats in bitcoin.

Of course you wo't suddenly change fiat to bitcoin if not all people are aware of it. For example we have 3 months to prepare for our government before changing our money printed. Its for people to know that we have a new money and it is legal and acceptable everywhere. Also understanding bitcoin will come on the process when time is use in it.

It would surely takes time for bitcoin to be fully adopted all over the world since not all people are already awared on bitcoins existence. In the meantime , bitcoin cant replace fiat money even how bitcoin would be fully adopted in the future. Government would no have intention to let this happen for sure.

In fact bitcoin has already been known in the world but the number of adopters are not that huge compared to paper money which we are currently using. For me, I do not see any reason or chances that bitcoin can replace money, if that happen big chaos will take place.

milewilda

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Quote from: Harlot on October 03, 2016, 10:48:34 PM

Quote from: mace15 on October 03, 2016, 10:44:41 PM

I dont think so that bitcoin be replaces the money. I dont
think that this could happen. As other people will not get
easily jives the process of bitcoin. As other people will not
easily understand whats in bitcoin.

Of course you wo't suddenly change fiat to bitcoin if not all people are aware of it. For example we have 3 months to prepare for our government before changing our money printed. Its for people to know that we have a new money and it is legal and acceptable everywhere. Also understanding bitcoin will come on the process when time is use in it.

It would surely takes time for bitcoin to be fully adopted all over the world since not all people are already awared on bitcoins existence. In the meantime , bitcoin cant replace fiat money even how bitcoin would be fully adopted in the future. Government would no have intention to let this happen for sure.

Harlot

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Quote from: mace15 on October 03, 2016, 10:44:41 PM

I dont think so that bitcoin be replaces the money. I dont
think that this could happen. As other people will not get
easily jives the process of bitcoin. As other people will not
easily understand whats in bitcoin.

Of course you wo't suddenly change fiat to bitcoin if not all people are aware of it. For example we have 3 months to prepare for our government before changing our money printed. Its for people to know that we have a new money and it is legal and acceptable everywhere. Also understanding bitcoin will come on the process when time is use in it.

mace15

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I dont think so that bitcoin be replaces the money. I dont
think that this could happen. As other people will not get
easily jives the process of bitcoin. As other people will not
easily understand whats in bitcoin.

goldcoinminer

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Quote from: passwordnow on October 03, 2016, 10:10:24 PM

Quote from: sishendaoye on October 03, 2016, 11:14:48 AM

I do not think that the Bitcoin is ever going to replace money because many people do not even know what bitcoin is so how is it going to replace money.
Know you will have to inform everybody in the world about Bitcoin and that is to much.

I don't believe too that bitcoin is going to replace the fiat money easily. There are some measurements that are going to be considered by the head of the state before they are going to make bitcoins as the main currency for their place. Because the government is not able to control the flow of price with bitcoin so this is going to be hard to implement.

The government does not care so much of bitcoin as a threat because the number of users of bitcoin is not that big, we the members of the community and users of bitcoin as well must only enjoy the benefits and if other people are not interested we should respect them, anyway we can live without them as we are already a strong community.

passwordnow

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Quote from: sishendaoye on October 03, 2016, 11:14:48 AM

I do not think that the Bitcoin is ever going to replace money because many people do not even know what bitcoin is so how is it going to replace money.
Know you will have to inform everybody in the world about Bitcoin and that is to much.

I don't believe too that bitcoin is going to replace the fiat money easily. There are some measurements that are going to be considered by the head of the state before they are going to make bitcoins as the main currency for their place. Because the government is not able to control the flow of price with bitcoin so this is going to be hard to implement.

MaritiJames3

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I have my doubts about the fact if this is gonna happen but lets hope that it will happen soon or later.
The bitcoin has a good future but its the question if it will be this.

nindie

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bitcoin never replace positition the real money
bitcoin not use physic to transaction in real life bitcoin is only few country regulate, much country not regulate bitcoin
but bitcoin can replace money with online money payment procesor digital curency
example paypal perfectmoney and more, and now bitcoin ready replace there

sishendaoye

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I do not think that the Bitcoin is ever going to replace money because many people do not even know what bitcoin is so how is it going to replace money.
Know you will have to inform everybody in the world about Bitcoin and that is to much.

ronaldo40

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Quote from: Braeron on October 03, 2016, 10:56:11 AM

Bitcoin can never replace the money i dont think peopel are thinking clear when they are thinking about this bitcoins are worthless without the dollar because he depends out of dollars...

it may happen, if bitcoin grows bigger, then the government adopted a bitcoin and bitcoin is used by the entire world for the transaction. because so many benefits and convenience of bitcoin. so maybe if it happens bitcoin can replace fiat.

Mastsetad

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Quote from: Ayers on October 03, 2016, 09:58:59 AM

Quote from: coynedterm on October 03, 2016, 12:44:35 AM

you are right that you can't buy product directly spending btc but you can use it indirectly . while you have the option to spent bitcoin for Online product at purse.io . so i think in the coming days Bitcoin can replace the money .

i think you are wrong there are many services that let you buy with bitcoin, without dumping first for fiat, for example caseking, which sell HW part and computer, i bought my miner rig there without problem

There are a lot of places for buying things with bitcoins without converting them to fiat, but anyway, that is not related to this topic, where we are discussing about bitcoin replacing money, and in my opinion it cannot because believers of fiat are way more than believers of bitcoin right now.

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