Bitcoin replaces the money? Could happen? - page 26.

agustina2

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Quote from: 1Referee on September 02, 2016, 05:12:12 AM

Quote from: PremiumCodeX on September 02, 2016, 03:51:07 AM

Well, BTC is money Wink

But I understand that probably you were thinking of fiat currencies.

No, I do not think BTC or any altcoin will REPLACE fiat anytime soon as cryptocurrency is alot different than fiat so people will need proper education and a huge amount of adaptors to consider BTC at least as much important as fiat and even that time BTC would not replace fiat, just grow next to it in popularity.

The whole point that people fail to understand is that Bitcoin DOESN'T need to replace fiat.

Totally agree with this. It is still more convenient if we have lots of payment option than to rely in only one institution.

What if there's no internet? What if no device where available? Can bitcoin can help us with a situation like this?

Xenophoto

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I think it's possible that Bitcoin would replace money. The major problem why Bitcoin couldn't replace fiat right now is that you can't actually do offline transactions with Bitcoin. If you want to buy something and pay them for bitcoin, you have to go online first and there are places in the world where there's not no good Internet reception. So, if someone would put an Internet connection that can be accessed anywhere in the world for free, then Bitcoin's potential to replace money would increase massively.

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Quote from: fkvidar on September 01, 2016, 04:44:41 PM

Quote from: gkv9 on August 31, 2016, 01:49:04 PM

Quote from: dragunfly on August 31, 2016, 10:58:34 AM

of course it could happen, in my opinion bitcoin is going to become huge and it might even replace all the other currencies in the future, it would be really cool

It is neither easy nor possible in the near future, it is going to become huge but only when it will have lots of attention towards it and gets started to be used as a global currency worldwide... So, till then, stop dreaming... Tongue

Exactly and even if it is used worldwide there will be many people who will prefer to use credit cards and fiat for making purchases and would stay away from bitcoins.

I dont use credit card I prefer bitcoin because i dont need to pay heavy fee and interest.Sadly bitcoin is not widely accepted.I hope things will change soon

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Quote from: fkvidar on September 01, 2016, 04:44:41 PM

Quote from: gkv9 on August 31, 2016, 01:49:04 PM

Quote from: dragunfly on August 31, 2016, 10:58:34 AM

of course it could happen, in my opinion bitcoin is going to become huge and it might even replace all the other currencies in the future, it would be really cool

It is neither easy nor possible in the near future, it is going to become huge but only when it will have lots of attention towards it and gets started to be used as a global currency worldwide... So, till then, stop dreaming... Tongue

Exactly and even if it is used worldwide there will be many people who will prefer to use credit cards and fiat for making purchases and would stay away from bitcoins.

nope i think. people do not use because they do not know the bitcoin bitcoin? I'm sure if people already know about bitcoin. they will start using bitcoin and will probably start to leave a credit card? and if it happens. bitcoin certainly will be more mainstream and increasingly recognized by people

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Quote from: PremiumCodeX on September 02, 2016, 03:51:07 AM

Well, BTC is money Wink

But I understand that probably you were thinking of fiat currencies.

No, I do not think BTC or any altcoin will REPLACE fiat anytime soon as cryptocurrency is alot different than fiat so people will need proper education and a huge amount of adaptors to consider BTC at least as much important as fiat and even that time BTC would not replace fiat, just grow next to it in popularity.

You are truly correct, bitcoin cant replace fiat even how much bitcoin would progress in the future. Even bitcoin is money but still its a digital currency which is different from a physical currency in any way but still bitcoin would serve as a currency which added convenience to its users in the future for sure.

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Quote from: CloudStrife on September 01, 2016, 03:41:32 PM

I believe that it is just a matter of time, to be honest. To understand it, you have to comprehend the fact that it can make things really easy and faster. And remember that there are already a lot of different BTC debit cards available for use.

I think not just about time. but bitcoin should grow even more and the intervention of the entire bitcoin user's progress will be needed

1Referee

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Quote from: PremiumCodeX on September 02, 2016, 03:51:07 AM

Well, BTC is money Wink

But I understand that probably you were thinking of fiat currencies.

No, I do not think BTC or any altcoin will REPLACE fiat anytime soon as cryptocurrency is alot different than fiat so people will need proper education and a huge amount of adaptors to consider BTC at least as much important as fiat and even that time BTC would not replace fiat, just grow next to it in popularity.

The whole point that people fail to understand is that Bitcoin DOESN'T need to replace fiat. I am sure people prefer Bitcoin to stay as it is right now. Bitcoin at this point enjoys some sort of freedom that people should be happy about. That freedom is gone as soon as the government releases its rage on Bitcoin. That's why Bitcoin is much better off staying an alternative form of money.

PremiumCodeX

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Well, BTC is money Wink

But I understand that probably you were thinking of fiat currencies.

No, I do not think BTC or any altcoin will REPLACE fiat anytime soon as cryptocurrency is alot different than fiat so people will need proper education and a huge amount of adaptors to consider BTC at least as much important as fiat and even that time BTC would not replace fiat, just grow next to it in popularity.

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Quote from: freedomgo on September 02, 2016, 03:19:33 AM

Quote from: fkvidar on September 01, 2016, 04:44:41 PM

Quote from: gkv9 on August 31, 2016, 01:49:04 PM

Quote from: dragunfly on August 31, 2016, 10:58:34 AM

of course it could happen, in my opinion bitcoin is going to become huge and it might even replace all the other currencies in the future, it would be really cool

It is neither easy nor possible in the near future, it is going to become huge but only when it will have lots of attention towards it and gets started to be used as a global currency worldwide... So, till then, stop dreaming... Tongue

Exactly and even if it is used worldwide there will be many people who will prefer to use credit cards and fiat for making purchases and would stay away from bitcoins.

Credit card is very expensive while bitcoin will give them benefits, we will see in the future that bitcoin will be widely use but there is no chance it can replace money as fiat is older than bitcoin and is widely accepted than bitcoin.

\You have a point though , even bitcoin would be widely used in the future but it couldnt possibly replace fiat since its value was dependent also to fiat itself. You are right fiat or paper currency is been used already for how many decades have passed or its even used when people learned how to create paper currency. Bitcoin is just a digital money and cant possibly replace fiat in any ways.

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Quote from: fkvidar on September 01, 2016, 04:44:41 PM

Quote from: gkv9 on August 31, 2016, 01:49:04 PM

Quote from: dragunfly on August 31, 2016, 10:58:34 AM

of course it could happen, in my opinion bitcoin is going to become huge and it might even replace all the other currencies in the future, it would be really cool

It is neither easy nor possible in the near future, it is going to become huge but only when it will have lots of attention towards it and gets started to be used as a global currency worldwide... So, till then, stop dreaming... Tongue

Exactly and even if it is used worldwide there will be many people who will prefer to use credit cards and fiat for making purchases and would stay away from bitcoins.

Credit card is very expensive while bitcoin will give them benefits, we will see in the future that bitcoin will be widely use but there is no chance it can replace money as fiat is older than bitcoin and is widely accepted than bitcoin.

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Quote from: gkv9 on August 31, 2016, 01:49:04 PM

Quote from: dragunfly on August 31, 2016, 10:58:34 AM

of course it could happen, in my opinion bitcoin is going to become huge and it might even replace all the other currencies in the future, it would be really cool

It is neither easy nor possible in the near future, it is going to become huge but only when it will have lots of attention towards it and gets started to be used as a global currency worldwide... So, till then, stop dreaming... Tongue

Exactly and even if it is used worldwide there will be many people who will prefer to use credit cards and fiat for making purchases and would stay away from bitcoins.

CloudStrife

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I believe that it is just a matter of time, to be honest. To understand it, you have to comprehend the fact that it can make things really easy and faster. And remember that there are already a lot of different BTC debit cards available for use.

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Quote from: dragunfly on August 31, 2016, 10:58:34 AM

of course it could happen, in my opinion bitcoin is going to become huge and it might even replace all the other currencies in the future, it would be really cool

It is neither easy nor possible in the near future, it is going to become huge but only when it will have lots of attention towards it and gets started to be used as a global currency worldwide... So, till then, stop dreaming... Tongue

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Quote from: dragunfly on August 31, 2016, 10:58:34 AM

of course it could happen, in my opinion bitcoin is going to become huge and it might even replace all the other currencies in the future, it would be really cool

I disagree about bitcoin replacing money. Though i believe in bitcoin, but things doesnt depend only on belief. We still have society and government rule to follow. And you know that government wants centralization so they have control on all things. But bitcoin is contradicting the idea because it is promoting decentralization. So I think bitcoin unless approved by the government, will never replace money.

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of course it could happen, in my opinion bitcoin is going to become huge and it might even replace all the other currencies in the future, it would be really cool

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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?

Well for me bitcoin will never reply money or digital currency because in every country we have difference money which is in every money are representing our country for Example USD representing the USA if bitcoin will replace money then how could we know which country it from? lets says that some store are going to accept bitcoin as a payment thats going to happen but it takes time nowadays here in my country we can now use our bitcoin wallet to pay our online bills

gkv9

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Bitcoin is still under development, so talking about overtaking the fiat could look foolish when you already know that this has taken place so recently...
I mean, it has only spent 5 - 6 years only, so why are you speculating with such over confidence that this will replace fiat???

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Quote from: virtualkeybuyer on August 31, 2016, 07:27:03 AM

Quote from: eddyubachs on August 31, 2016, 07:17:41 AM

Quote from: Doamader on August 31, 2016, 06:19:58 AM

Quote from: adibe on August 31, 2016, 05:20:49 AM

It could be happen if all people around the world know bitcoin and using bitcoins too. Because without people know about bitcoin, bitcoin will never replaces the money.

There wont be enought bitcoins to all people over the world. Small portion of bitcoin sure anybody can hold it, but bitcoin is the future, and may push the current printed money into a digital money and just, replace it wont never happen.

yes bitcoin will be not that powerful that it will hold an capacity to replace paper money, as paper money is too huge in terms of market cap and user bases and that is unlikely to happen.

It maybe true that bitcoin will not replace paper money but we cannot say that bitcoin is not much powerful, bitcoin has a power that it is going to replace fiat from online businesses and a day will come that it will start to threat fiat in other international businesses.

Bitcoin will be best online currency in future and it may also replace Paypal, but in physical world I think fiat and credit card will rule the world when it comes to offline shopping.

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Quote from: SvenBomvolen on August 31, 2016, 03:52:13 AM

..Probably there will always be several good and strong currencies, digital currencies are not so strong right now, but with the time they will grow and be stronger and probably one day some crypto currency will dominate in this world.

There are lots of factors to be considered before bitcoin can replace the fiat currencies.

So lots that we may go deeply into techninal aspects because that is not a joke. Also it's easy to say that bitcoin can dominate the world and only time will tell. Just because we are here in bitcoin and really absorbing all the benefits of using this currency, we can now expect a thing that is really unrealistic to happen.

Digital currencies are not fit for physical transactions in most of the cases as not all locations in the globe have the same status.

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Quote from: eddyubachs on August 31, 2016, 07:17:41 AM

Quote from: Doamader on August 31, 2016, 06:19:58 AM

Quote from: adibe on August 31, 2016, 05:20:49 AM

It could be happen if all people around the world know bitcoin and using bitcoins too. Because without people know about bitcoin, bitcoin will never replaces the money.

There wont be enought bitcoins to all people over the world. Small portion of bitcoin sure anybody can hold it, but bitcoin is the future, and may push the current printed money into a digital money and just, replace it wont never happen.

yes bitcoin will be not that powerful that it will hold an capacity to replace paper money, as paper money is too huge in terms of market cap and user bases and that is unlikely to happen.

It maybe true that bitcoin will not replace paper money but we cannot say that bitcoin is not much powerful, bitcoin has a power that it is going to replace fiat from online businesses and a day will come that it will start to threat fiat in other international businesses.

Topic: Bitcoin replaces the money? Could happen? - page 26. (Read 86047 times)