Bitcoin replaces the money? Could happen? - page 15.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: Noctis Connor on October 02, 2016, 08:49:16 AM

Quote from: betohell on October 02, 2016, 08:16:05 AM

Quote from: olyaru on October 02, 2016, 05:28:32 AM

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

nope i think just because bitcoin digital form, bitcoin can not grow and become the major currencies? it was wrong, precisely in the future digital currency will be more widely used

Yes very true bitcoin can't not really make it to become our major currencies because our real currencies that we use for centuries are the mark of the countries where you will know where country you were from because of that physical paper money bitcoin can only use for shopping.

I don't think that this is going to our generation but this is possible to happen for the next generations and that is going to start if the countries are going to have agreement and implementation of the use of bitcoin. And that is going to make the fiat money to gone easily and we are going to say good bye to the traditional way of using money.

Noctis Connor

hero member

Activity: 1008

Merit: 540

Quote from: betohell on October 02, 2016, 08:16:05 AM

Quote from: olyaru on October 02, 2016, 05:28:32 AM

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

nope i think just because bitcoin digital form, bitcoin can not grow and become the major currencies? it was wrong, precisely in the future digital currency will be more widely used

Yes very true bitcoin can't not really make it to become our major currencies because our real currencies that we use for centuries are the mark of the countries where you will know where country you were from because of that physical paper money bitcoin can only use for shopping.

betohell

sr. member

Activity: 476

Merit: 250

Quote from: olyaru on October 02, 2016, 05:28:32 AM

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

nope i think just because bitcoin digital form, bitcoin can not grow and become the major currencies? it was wrong, precisely in the future digital currency will be more widely used

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: saiha on October 02, 2016, 07:05:52 AM

Quote from: Blitzboy on October 02, 2016, 07:00:16 AM

Quote from: freedomgo on October 02, 2016, 06:13:26 AM

Quote from: Capradina on October 02, 2016, 05:33:14 AM

Quote from: olyaru on October 02, 2016, 05:28:32 AM

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

You're absolutely right, bitcoin is not fully or not, could replace the existing currency. because the Foundation still owns the bitcoin is not good, and also the market doesn't yet have bitcoin well around the world. If it could be met by bitcoin, it likely could be performed by bitcoin

Actually bitcoin is good but not really good to replace the legal currency, the reason behind is that this digital currency is not regulated but the paper money are regulated, with that fact the bitcoin transaction cannot be trace by the government and they cannot collect taxes.

Tax is not the problem. I think it is easy for the government to develop a system which require people to pay bitcoin per transaction. For example, if people do not pay for the system, the government can easily sut down a hole internet, and bitcoin can not be sent without the network.

Even they are not going to create or develop a system the main thing that the government must do for replacing fiat money is by implementing it.

And if this is going to be implemented to a country that the people must use bitcoin as their primary currency so the people are just going to follow it.

That is the easiest thing that the government is going to do for replacing fiat.

System does not work without the trust of the people, like bitcoin we can say that the system is really good but without the trust of the people it will not succeed to have a massive adoption if you are expecting that it will attract at least more than 50% of the world population.

saiha

hero member

Activity: 840

Merit: 501

Strength in Numbers

Quote from: Blitzboy on October 02, 2016, 07:00:16 AM

Quote from: freedomgo on October 02, 2016, 06:13:26 AM

Quote from: Capradina on October 02, 2016, 05:33:14 AM

Quote from: olyaru on October 02, 2016, 05:28:32 AM

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

You're absolutely right, bitcoin is not fully or not, could replace the existing currency. because the Foundation still owns the bitcoin is not good, and also the market doesn't yet have bitcoin well around the world. If it could be met by bitcoin, it likely could be performed by bitcoin

Actually bitcoin is good but not really good to replace the legal currency, the reason behind is that this digital currency is not regulated but the paper money are regulated, with that fact the bitcoin transaction cannot be trace by the government and they cannot collect taxes.

Tax is not the problem. I think it is easy for the government to develop a system which require people to pay bitcoin per transaction. For example, if people do not pay for the system, the government can easily sut down a hole internet, and bitcoin can not be sent without the network.

Even they are not going to create or develop a system the main thing that the government must do for replacing fiat money is by implementing it.

And if this is going to be implemented to a country that the people must use bitcoin as their primary currency so the people are just going to follow it.

That is the easiest thing that the government is going to do for replacing fiat.

Blitzboy

hero member

Activity: 1316

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Quote from: freedomgo on October 02, 2016, 06:13:26 AM

Quote from: Capradina on October 02, 2016, 05:33:14 AM

Quote from: olyaru on October 02, 2016, 05:28:32 AM

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

You're absolutely right, bitcoin is not fully or not, could replace the existing currency. because the Foundation still owns the bitcoin is not good, and also the market doesn't yet have bitcoin well around the world. If it could be met by bitcoin, it likely could be performed by bitcoin

Actually bitcoin is good but not really good to replace the legal currency, the reason behind is that this digital currency is not regulated but the paper money are regulated, with that fact the bitcoin transaction cannot be trace by the government and they cannot collect taxes.

Tax is not the problem. I think it is easy for the government to develop a system which require people to pay bitcoin per transaction. For example, if people do not pay for the system, the government can easily sut down a hole internet, and bitcoin can not be sent without the network.

freedomgo

legendary

Activity: 3150

Merit: 1148

Fully Regulated Crypto Casino

Quote from: Capradina on October 02, 2016, 05:33:14 AM

Quote from: olyaru on October 02, 2016, 05:28:32 AM

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

You're absolutely right, bitcoin is not fully or not, could replace the existing currency. because the Foundation still owns the bitcoin is not good, and also the market doesn't yet have bitcoin well around the world. If it could be met by bitcoin, it likely could be performed by bitcoin

Actually bitcoin is good but not really good to replace the legal currency, the reason behind is that this digital currency is not regulated but the paper money are regulated, with that fact the bitcoin transaction cannot be trace by the government and they cannot collect taxes.

Capradina

hero member

Activity: 756

Merit: 520

Quote from: olyaru on October 02, 2016, 05:28:32 AM

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

You're absolutely right, bitcoin is not fully or not, could replace the existing currency. because the Foundation still owns the bitcoin is not good, and also the market doesn't yet have bitcoin well around the world. If it could be met by bitcoin, it likely could be performed by bitcoin

olyaru

sr. member

Activity: 275

Merit: 250

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

Harlot

hero member

Activity: 1806

Merit: 672

Quote from: kuyua on October 01, 2016, 11:23:22 PM

Quote from: Ryananda on December 25, 2015, 03:01:09 AM

Now in some places to buy goods directly can use bitcoin, how to conduct transactions directly using bitcoin? Because I place no purchases using bitcoin.

Nowadays has developed, which initially buy goods directly can only be used with the currency and credit cards, and can now use bitcoin although only in some places. Is it possible that the next few years means of exchange for transactions money initially turned into bitcoin?

What do you think about this?

I think that the current will not happen, at least in the past ten years. Many countries know bitcoin, but how many countries recognized bitcoin, bitcoin bitcoin trading in the market? But I believe in bitcoin, it takes time to prove its value.

The world is aware that there is bitcoin the question is for people to use it, is how is it better than fiat currency? Also judging from its price it already prove to us that BTC is the leader in the cryptocurrency market, which no other altcoin can match its value. If a local company is brave enough to accept Bitcoin than the other companies will follow their lead that is how competition works. If the other one leads for sure the others will follow, that is my understanding on how Bitcoin can be accepted as means of payment but not to replace money.

kuyua

full member

Activity: 126

Merit: 100

Quote from: Ryananda on December 25, 2015, 03:01:09 AM

Now in some places to buy goods directly can use bitcoin, how to conduct transactions directly using bitcoin? Because I place no purchases using bitcoin.

Nowadays has developed, which initially buy goods directly can only be used with the currency and credit cards, and can now use bitcoin although only in some places. Is it possible that the next few years means of exchange for transactions money initially turned into bitcoin?

What do you think about this?

I think that the current will not happen, at least in the past ten years. Many countries know bitcoin, but how many countries recognized bitcoin, bitcoin bitcoin trading in the market? But I believe in bitcoin, it takes time to prove its value.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: jak3 on October 01, 2016, 01:18:45 PM

maybe it could but i belive banks have very strong roots into the groud and they have even spread their empire all over the country and ruling over many years bitcoin is far far better than them but still is banks toughest enemy

Not maybe, it's impossible. The only entity with the power to replace the current fiat money system, are the governments themselves if they so wish. But why should they? This whole system is set up to generate them multi billions of incoming money from people every month/year. They would be crazy to change anything.

serjent05

legendary

Activity: 2884

Merit: 1258

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: RobinHoodster on October 01, 2016, 12:26:15 PM

Quote from: mastica on September 29, 2016, 10:33:19 AM

Bitcoin could replace, but the price of 1 single bitcoin would have to be maybe 200k dollars as the global economy is quite high compared to bitcoin value, anyway would be funny to see 0,001 worthing near 1 milion or more. But bitcoin at this stage cant replace the fiat, because the decentralization, a new bitcoin can be built controlled by all the countries.

Replacing will not happen. Of that I am certain. but I do think bitcoin could jump into the large gap for online payments. Be a competitor to paypal and expand it's horizon.
Because let's face it, fiat will be important, now and in the future.

I agree bitcoin will never replace fiat money, because of several grounds.
Government won't allow bitcoin to replace their national currency
Government don't want to be in economic crisis because of some bitcoin whale to dictate their economic course.
Government wont allow not to tax transaction and bitcoin technically nullify outside taxation.
and alot more.

jak3

legendary

Activity: 1274

Merit: 1004

maybe it could but i belive banks have very strong roots into the groud and they have even spread their empire all over the country and ruling over many years bitcoin is far far better than them but still is banks toughest enemy

Aamir1

hero member

Activity: 756

Merit: 500

Quote from: RobinHoodster on October 01, 2016, 12:26:15 PM

Quote from: mastica on September 29, 2016, 10:33:19 AM

Bitcoin could replace, but the price of 1 single bitcoin would have to be maybe 200k dollars as the global economy is quite high compared to bitcoin value, anyway would be funny to see 0,001 worthing near 1 milion or more. But bitcoin at this stage cant replace the fiat, because the decentralization, a new bitcoin can be built controlled by all the countries.

Replacing will not happen. Of that I am certain. but I do think bitcoin could jump into the large gap for online payments. Be a competitor to paypal and expand it's horizon.
Because let's face it, fiat will be important, now and in the future.

Fiat would probably be important always as what i feel, it has been around for almost centuries and is trusted widely among people around the world while bitcoin is still too new in the world, no matter how high it goes in the value but it still wont be able to replace fiat i guess.

RobinHoodster

sr. member

Activity: 350

Merit: 250

Quote from: mastica on September 29, 2016, 10:33:19 AM

Bitcoin could replace, but the price of 1 single bitcoin would have to be maybe 200k dollars as the global economy is quite high compared to bitcoin value, anyway would be funny to see 0,001 worthing near 1 milion or more. But bitcoin at this stage cant replace the fiat, because the decentralization, a new bitcoin can be built controlled by all the countries.

Replacing will not happen. Of that I am certain. but I do think bitcoin could jump into the large gap for online payments. Be a competitor to paypal and expand it's horizon.
Because let's face it, fiat will be important, now and in the future.

X-ray

hero member

Activity: 2996

Merit: 524

Leading Crypto Sports Betting & Casino Platform

Quote from: freedomgo on September 30, 2016, 04:45:19 AM

Quote from: newcoins1978 on September 30, 2016, 04:08:05 AM

Maybe this could happen I just don't see it happening right now cause bitcoin is quite big with big foundation but the fiat is way too big and exist to long to just kick off the throne.
So because of this reason I don't think it will ever happen but it wil be healthy competition to eachother.

Actually there is no competition between the two, they are both useful bitcoin is good for online transaction and while money dominate the real world offline transaction, I think they have both good benefits so instead of comparing them we should just thank them.

definitely right answer,bitcoin was designed for digital transaction while cash was designed for offline transaction and thus make bitcoin can't compete cash in offline transaction and so does with the cash,actually if we can use both,why choosing only one

kodoll

sr. member

Activity: 273

Merit: 250

Quote from: Samadur on September 30, 2016, 11:09:12 AM

bitcoints transformation trend in the currency increases every year. Bitcoints took over part of the functions of money. He likes people, he popular. But he is no longer like the government

The function of money they carry out only to the extent that Bitcoins are trusted by the people. And people are very small percentage of the world's population.

Samadur

sr. member

Activity: 287

Merit: 250

bitcoints transformation trend in the currency increases every year. Bitcoints took over part of the functions of money. He likes people, he popular. But he is no longer like the government

Sandroxa

sr. member

Activity: 350

Merit: 250

Maybe in the far future there is a possibility but right now it will still not happen because f the fact that its not possible right now.
If the bitcoin gets bigger there is maybe a possibility.

Topic: Bitcoin replaces the money? Could happen? - page 15. (Read 86028 times)