this topic is very much similar to some thers snyway it can happen that bitcoin can replace the money and become a single worldwife currency but we need banking system in our lifes too
For me its impossible to replace money because we already a tradition to use money instead of bitcoin.. bitcoin is just good for alternative in online.. they are expecting more about bitcoin but i am sure bitcoin will stay long.. 
Topic: Bitcoin replaces the money? Could happen? - page 18. (Read 86047 times)
this topic is very much similar to some thers snyway it can happen that bitcoin can replace the money and become a single worldwife currency but we need banking system in our lifes too
No, there is no need of any banking system when everything will be available for bitcoin. Just imagine you will be getting your salary in bitcoin and you will be paying your rents bitcoin payments. You will be getting your loan in bitcoin and will be paying your insurance in bitcoin. Banks will be there but they maybe dealing in bitcoins.
this topic is very much similar to some thers snyway it can happen that bitcoin can replace the money and become a single worldwife currency but we need banking system in our lifes too
Paper money holds the monopoly of having maximum number of users worldwide, comparatively bitcoin is too small and even in future if bitcoin becomes more popular, paper money will still keep ruling the world.
Technology goes forward and it will be difficult to maintain their integrity in bitcoin. Paper money in this plan is much more reliable.
Physical money is actually needed in real life because it has a fixed value as shown on it, while bitcoin is flexible and it needs fiat to be there for everyone to take the advantage of trading it. So replacing the money and eradicating it completely would leave Bitcoins either no value or will make it priceless.
Paper money holds the monopoly of having maximum number of users worldwide, comparatively bitcoin is too small and even in future if bitcoin becomes more popular, paper money will still keep ruling the world.
in present time it is not possible that bitcoin can replace fiat currency because all most all the people of the world are using fiat currency for buying and selling.
Yeah because that is about the adoption of bitcoin and we can see that people are still lack of knowledge about bitcoin. But I guess this is going to happen in the future as many people wants to have convenient transactions and doesn't want to bring cash to their wallets. And the medium for having that is by using bitcoins in the future.
And if bitcoin gets in the hands of governments of each country then no doubt they will make it like the money we are using right now, taxes and other things would apply on bitcoins too and then there would be no use of bitcoin replacing the real money.
Yes you are right but i don't think so that bitcoin replace money because fiat is accepted everywhere in the world while bitcoin is accepted only in some stores and in some countries, even some countries have no knowledge about bitcoin. And if it will happen then it will take a very very long time.
Agree, its impossible for bitcoin to replace fiat since its dependent to fiat regarding to its value and even how bitcoin would be succesful in near future its impossible for it to replace fiat anytime soon. You are correct paper currency is been used all over the world and bitcoin is just some countries though.
Off course bitcoins cant replace the dollar how do you think they can replace the dollar i dont think that would be very good for both of the things they need to exist both.
in present time it is not possible that bitcoin can replace fiat currency because all most all the people of the world are using fiat currency for buying and selling.
Yeah because that is about the adoption of bitcoin and we can see that people are still lack of knowledge about bitcoin. But I guess this is going to happen in the future as many people wants to have convenient transactions and doesn't want to bring cash to their wallets. And the medium for having that is by using bitcoins in the future.
And if bitcoin gets in the hands of governments of each country then no doubt they will make it like the money we are using right now, taxes and other things would apply on bitcoins too and then there would be no use of bitcoin replacing the real money.
Yes you are right but i don't think so that bitcoin replace money because fiat is accepted everywhere in the world while bitcoin is accepted only in some stores and in some countries, even some countries have no knowledge about bitcoin. And if it will happen then it will take a very very long time.
Could be but it will depend on who will start it. A country have a leader and the leader will be the who still need to make the law that will pursue on just using bitcoin as a currency than paper. It will be a hard fight though. Many will be against it.
Paperless transaction is always possible. It's even better. The transactions are always accurate since all of them are in digital numbers. There's no need to count your current money because the balance is shown. Your transaction history would always be available. Most of all, there would be no tax at all. Since Bitcoin is decentralized, the government has no control of it, they can't put tax even if you're getting millions of dollars.
Bitcoin will be more used in futere but not enough to replace dollar for example
It need time
even it's about the time but if bitcoin just seems doesn't match well for offline condition and could potentially make transaction in offline mode / real world more complicated then waiting will be useless,from my opinion bitcoin actually only perfect for digital transaction nor offline transactionIt need time
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Bitcoin will be more used in futere but not enough to replace dollar for example
It need time
even it's about the time but if bitcoin just seems doesn't match well for offline condition and could potentially make transaction in offline mode / real world more complicated then waiting will be useless,from my opinion bitcoin actually only perfect for digital transaction nor offline transaction It need time
Bitcoin will be more used in futere but not enough to replace dollar for example
It need time
It need time
Off course that wont happejn do you really think that the bitcoin can replace the money how would you think that would happen if everybody has money instyead of bitcoins.
in some aspects yes but in many cases it cant government wont allowed it as they want control over currency so it will be hard to do.
Off course that wont happejn do you really think that the bitcoin can replace the money how would you think that would happen if everybody has money instyead of bitcoins.
in some aspects yes but in many cases it cant government wont allowed it as they want control over currency so it will be hard to do.
Off course that wont happejn do you really think that the bitcoin can replace the money how would you think that would happen if everybody has money instyead of bitcoins.
in present time it is not possible that bitcoin can replace fiat currency because all most all the people of the world are using fiat currency for buying and selling.
Yeah because that is about the adoption of bitcoin and we can see that people are still lack of knowledge about bitcoin. But I guess this is going to happen in the future as many people wants to have convenient transactions and doesn't want to bring cash to their wallets. And the medium for having that is by using bitcoins in the future.
And if bitcoin gets in the hands of governments of each country then no doubt they will make it like the money we are using right now, taxes and other things would apply on bitcoins too and then there would be no use of bitcoin replacing the real money.
in present time it is not possible that bitcoin can replace fiat currency because all most all the people of the world are using fiat currency for buying and selling.
Yeah because that is about the adoption of bitcoin and we can see that people are still lack of knowledge about bitcoin. But I guess this is going to happen in the future as many people wants to have convenient transactions and doesn't want to bring cash to their wallets. And the medium for having that is by using bitcoins in the future.
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.
Yes I agree with you. Bitcoin is not yet popular to other people as a money. Even our father or mother and grandparents would have never heard of about the bitcoin. In the future maybe as everything now is possible through technology. It would be more safe and comfortable having bitcoin as our money.
Indeed bitcoin is still new and still need a good development in order to have a stable price. But it will not make bitcoin replace the money. Money will continue to get the heart in the community and money is legal tender and can be done directly. While bitcoin is growing bitcoin crypto although later it is only crypto.
We will see many users getting into bitcoins in future but that doesn't mean they will stop using fiat currency as its a basic necessity of everyone and people will prefer to use both.
I don't think this is entirely true. If bitcoin does everything better than fiat then what is the motivation to keep fiat in the game?
That's just extra administration and hassle for no reason if you can just go all in bitcoin instead of splitting up.
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