Topic: Bitcoin replaces the money? Could happen? - page 35. (Read 86028 times)

Most places have access to mobile phones, do they need much more then this to transact in small amounts.  I thought bitcoin worked off a usb key in a passive way though obviously not actively with a confirmation off the blockchain thats why I say small amounts.    Bitcoin can go almost anywhere its useful but I suppose remote tribes will just trade cans of petrol or diesel and find that far more useful and reliable currency in that sense.

Anything can replace money

Yeah there are many countries who still don't have access to internet and even if they have there are  many people who don't know how to use it, so we cannot expect from them to use bitcoin unless they are taught in proper way.

Fiat money has fallen down many times in failed countries, failed government or just failed economic policies most famously Zimbabwe.    So I wouldnt say never, essentially fiat is a weakness foisted on the public by their governments for convenience of taxation is basically why.

It could happen worldwide that all fiat currency becomes distrusted.  If we can have reserve currency we can have the opposite where people have a great preference for gold or some solid standard and bitcoin could be that.   I just think its unlikely we find bitcoin is the global standard, it would have to be a people power thing .
  The reason why gold was a standard world wide at one point was for the confidence it brought in trade.  Between them governments did not trust each other and demanded gold for international trade, in ancient times Roman soldiers demanded gold in threat of revolt but the people themselves were given fiat.   As recently as the 1970's the French refused to take dollars and demanded payment in gold citing currency fears, even now France has some of the largest reserves for its size afaik (but also much debt now)
Now governments are willing to swap dollars between themselves and with alot of politics each government passes down the inflation resulting to their people.  Sometimes this leads to failure such as in Egypt where the people saw their bread rise rapidly in price, its not impossible the current dollar standard could break worldwide

That is surely possible but I don't think every country will implement it as there will be many countries where still fiat currency will  be in demand due to lack of technology.

No doubt about that if all industry accept BTC as a means of payment we will see some changes how BTC is utilize every single month or year.

It's certainly a possibility, a lot would have to evolve to get to that place and it will take considerable time/resources. But it is a possibility, only time will tell.

in future if w can use bitcoin directly payment we didnt need any debitcard anymore, we can use NFC technology, or we can use bitcoin directly just by scan the Qr code address for pay it.

But to exchange Bitcoin to fiat money at exchanges or ATM's you need to pay fees. Also I have compared Bitcoin debit cards to regular bank debit cards and if you regularly use your Bitcoin debit card to pay for things every day like groceries, gas, coffee etc. you will pay much more in fees than your bank debit card. And it's not true that bank cards have hidden fees you can see the fee structure because it's transparent for evry bank.

Yaa you are exactly right that bitcoins can not replace the money. Bitcoins may be able to use for small payments as well but most of the countries wont be able to allow bitcoins and regulate it. And also all the countries in the world be will able to use bitcoins as it is not well developed.

I think bitcoin is not illegal but its not legal.. its misunderstanding about the legal and illegal in our countries..
Some peopel are still not know about bitcoin and its very impossilbe that bitocoin can be replace the money.. we already traditional we use our fiat money so its very impossible and many banks are already use it..

Quite not I think, Bitcoin is still illegal in other country if im not mistaken, so you can't just say accepted globally.  And I don't think Bitcoin will ever replace money.  Maybe other stufff but not bitcoin because of several grounds like unfair early adopter's advanvantage.  government don't like to let a few  unknown people to have majority of their currency.

Bitcoin is a legal currency globally. It is the countries choice if he want to restrict bitcoin or not. After all, usage of bitcoin is more convenient in first world countries since technology is widely use in their place. This is not yet advisable in third world countries.

That is true that no cryptocurrency can replaced money its because bitcoin is not a legal currency it is digital currency which we can not hold physically that money and we can not spend it for our daily needs while money are always available to spend if you have and all store accepting fiat than bitcoin as their form of payment.

exactly right, not one currency can replace fiat money even 1000 year more than now, we still use fiat money because fiat is under control by government.

Bitcoin can of course in the future be use to purchase good and merchandise in the local market in your area. But to say that it will replace money or fiat currency it is impossible. Bitcoin relies on dollars on its value. Without dollars it has no value so we cannot just throw fiat currency away. Bitcoin will be accepted anywhere and will act as an international exchange but it can never replace money.

Even if bitcoin would improve and be famous, money will still be money, it is much more convenient to use money in real life.. Bitcoin is good in online use, but I don't think that it could beat money in real life use. So, I think, NO, it can't change money but could possibly be a substitute in online transaction instead of linking your cards..

i think it cannot happen, because bitcoins is a digital amount, while money was a daily currency needs in exchange of items, also used for payment example payment for transportation and some people had no bitcoins, in additional we need a deep learnings how to improve bitcoins to achieve it. goodluck to us.,

While there are electronic currency man still needs money for transactions directly and to meet the needs. Bitcoin could be a good trend but can not replace the money. The role of money is very important for everyone.

Bitcoin can be a great alternative to fiat money but to used solely bitcoin and replace the current currency I think will it not happen. Still there people who prefers their cash  than electronic money. Some are hesitant to accept or embrace the technology.

Nope, goverments of different countries will not allow to bitcoin replace their currency, but bitcoin can become better and someday big contry will accept it as legal.