Bitcoin replaces the money? Could happen? - page 21.

stromma44

hero member

Activity: 952

Merit: 1000

Quote from: babsalt1975 on September 20, 2016, 04:05:13 AM

Everyday we are having innovations and I don't think any innovation can replace the old system. Fiat has been around for so many years and pushing it off will have dire consequences. Bitcoin was a well thought innovation that will complement the fiat currency.

Its a simple logic, even with existence of credit cards, there are many people who believe in shopping with fiat, same would be scenario with bitcoins, people who are used to fiat will never switch to anything else.

babsalt1975

sr. member

Activity: 526

Merit: 250

Everyday we are having innovations and I don't think any innovation can replace the old system. Fiat has been around for so many years and pushing it off will have dire consequences. Bitcoin was a well thought innovation that will complement the fiat currency.

mark coins

hero member

Activity: 910

Merit: 1000

Quote from: Altcoinsupporter on September 20, 2016, 03:45:14 AM

It could happen or it couldn't but it's too hard to predict that right now. We have to see the next steps where bitcoin is moving too.
If we see alot of shops massively starting to accept it in the next few years then my hope is there for it to be the replacer of the current money.

Even if many shops will start accepting bitcoins in future its not possible that paper money will disappear, as the illiterate and poor people who don't have any idea about bitcoins will continue their spending with fiat.

J Gambler

hero member

Activity: 910

Merit: 500

Quote from: Ryananda on December 25, 2015, 02:01:09 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?

Bitcoin not replace money-money is the one of the most paper money we use it-to buy good digital good and many more if bitcoin-change the money soon i think thats impossible butcoin is not yet know people maybe bitcoib will disappear.

Altcoinsupporter

sr. member

Activity: 364

Merit: 250

It could happen or it couldn't but it's too hard to predict that right now. We have to see the next steps where bitcoin is moving too.
If we see alot of shops massively starting to accept it in the next few years then my hope is there for it to be the replacer of the current money.

Altcoinsupporter

sr. member

Activity: 364

Merit: 250

Anything can happen but this seems very unlikely cause alot of rich people have so much power that they wouldn't allow for this to happen.
If they see it coming close they would break bitcoin somehow or it would be made illegal like it already is in some countries.

Cozynunu

sr. member

Activity: 336

Merit: 250

Lol allot of peopel thinks this but how do you think bitcoin will replace the money peopel pay their bills with bitcoins lol i dont think so if this happends the world will collapse.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: passwordnow on September 19, 2016, 11:17:05 PM

Quote from: Cast12 on September 19, 2016, 01:14:45 PM

I don't think that bitcoin will replace money since to me, bitcoin is a form of currency and not as an investment. I hope that more sites will use bitcoin so that I can use them there without using a debit card.

I doubt it too that bitcoin is going to replace the current currencies that we are using. Because if we are going to think about it. It is still a young currency and people are going to doubt it because everyone of us has their own standards regarding on how we are going to trust something. But I think this is going to happen for implementing cashless society, but not now.

Everything is just a dream, it will never happen because bitcoin will remain an online currency that is unregulated, I would only be happy if bitcoin will be popular and the price will increase so my investment will grow but I will not anymore hope for that to happen.

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

Quote from: Cast12 on September 19, 2016, 01:14:45 PM

I don't think that bitcoin will replace money since to me, bitcoin is a form of currency and not as an investment. I hope that more sites will use bitcoin so that I can use them there without using a debit card.

I doubt it too that bitcoin is going to replace the current currencies that we are using. Because if we are going to think about it. It is still a young currency and people are going to doubt it because everyone of us has their own standards regarding on how we are going to trust something. But I think this is going to happen for implementing cashless society, but not now.

ekoice

hero member

Activity: 742

Merit: 500

Even though bitcoin usage would go high in the future, still it will not replace money.

Bitcoin is a crypto currency and not all people would know about internet and cryptocurrency.

On the otherhand,Money is supported by banks and government making it more familiar to all people.

Cast12

sr. member

Activity: 266

Merit: 251

I don't think that bitcoin will replace money since to me, bitcoin is a form of currency and not as an investment. I hope that more sites will use bitcoin so that I can use them there without using a debit card.

crairezx20

legendary

Activity: 1638

Merit: 1046

Quote from: Gilf on September 19, 2016, 12:52:51 PM

Not all people are ready to completely abandon their money in real guise. Bitcoin is the currency that will be available only to a certain circle of people. Therefore, a substitute in the future will not be. I'm sure of it.

Its sure that money or fiat can be replace by any currency online.. because we are just using bitcoin as alternative that we can use in trading gambling or transferring money with less fee.

Gilf

sr. member

Activity: 274

Merit: 250

Not all people are ready to completely abandon their money in real guise. Bitcoin is the currency that will be available only to a certain circle of people. Therefore, a substitute in the future will not be. I'm sure of it.

DashCoinDark

sr. member

Activity: 350

Merit: 250

Quote from: Ryananda on December 25, 2015, 02:01:09 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 Bitcoin is never going to replace money because money has been around for so long and Bitcoin only just exists.
Bitcoin might have a better change when everything in the world will be digital.

SidaroffVany

sr. member

Activity: 240

Merit: 250

Prospects of using bitcoin is very serious. Indeed, I also hope that cryptocurrency will replace the real money in many cases. It all depends on how fast bitcoin will become popular.

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: JessicaSe on September 18, 2016, 08:44:47 AM

Quote from: Qunenin on September 18, 2016, 08:24:03 AM

Quote from: Rostadom on September 16, 2016, 12:03:59 PM

It can only happen if people would embrace change. There's a lot of reasons why the nation should use Bitcoin instead but people are not aware of that and the government seems to be against it as well. It might not seem possible for now, but it will eventually become more and more a possibility.

The two biggest hurdles for bitcoin to replace the money is

1-Lack of awareness of people
2- Government Institutions unwillingness to bring this change

The point no 2. i guess is a much bigger threat for bitcoins a compared to point no 1.

Yes Government will never allow any digital currency to replace their national currency and the other fact is people have more faith in paper money in compare to bitcoins as they find it easy and using since its inception.

I agree. One of the reason for this is that if the government allow bitcoin to replace their currency, then their economy can be manipulated by some people who holds majority of bitcoin. I think instead of accepting bitcoin or replacing their currency with bitcoin, they will create a new cryptocurrency that can be use by their citizen.

Maesters1-

sr. member

Activity: 252

Merit: 250

to me the bitcoin has the capacity to replace money, but i think in present time or even in near future it is not possible, because bitcoin is still not so much popular in all over the world, in present time a very little number of people are using bitcoin, so it will take decades for bitcoin to replace fiat currency.

JessicaSe

legendary

Activity: 840

Merit: 1000

Quote from: Qunenin on September 18, 2016, 08:24:03 AM

Quote from: Rostadom on September 16, 2016, 12:03:59 PM

It can only happen if people would embrace change. There's a lot of reasons why the nation should use Bitcoin instead but people are not aware of that and the government seems to be against it as well. It might not seem possible for now, but it will eventually become more and more a possibility.

The two biggest hurdles for bitcoin to replace the money is

1-Lack of awareness of people
2- Government Institutions unwillingness to bring this change

The point no 2. i guess is a much bigger threat for bitcoins a compared to point no 1.

Yes Government will never allow any digital currency to replace their national currency and the other fact is people have more faith in paper money in compare to bitcoins as they find it easy and using since its inception.

Qunenin

hero member

Activity: 966

Merit: 506

Quote from: Rostadom on September 16, 2016, 12:03:59 PM

It can only happen if people would embrace change. There's a lot of reasons why the nation should use Bitcoin instead but people are not aware of that and the government seems to be against it as well. It might not seem possible for now, but it will eventually become more and more a possibility.

The two biggest hurdles for bitcoin to replace the money is

1-Lack of awareness of people
2- Government Institutions unwillingness to bring this change

The point no 2. i guess is a much bigger threat for bitcoins a compared to point no 1.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: Rostadom on September 16, 2016, 12:03:59 PM

It can only happen if people would embrace change. There's a lot of reasons why the nation should use Bitcoin instead but people are not aware of that and the government seems to be against it as well. It might not seem possible for now, but it will eventually become more and more a possibility.

Yes I agree, but as you stated most people are unaware of bitcoin, some may have heard it but the real reason why bitcoin exist is unknown to them, the same thing Government neglecting or ignoring if not banning bitcoin plays a bigger part on this. I think it will really take much time before people will be used to bitcoin but in my opinion, bitcoin can never replace money.

Topic: Bitcoin replaces the money? Could happen? - page 21. (Read 86045 times)