Bitcoin replaces the money? Could happen? - page 37.

MaritiJames3

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Quote from: jak3 on July 05, 2016, 09:42:15 AM

i think bitcoin can replace the faint money but its actully a tricky question because it would be better if we your both as a mean of payment depending on the person's choise

Bitcoin is never going to replace money because the Bitcoin is not going to be able to manage that and there are many currencies so it is impossible to take over them all.
Bitcoin does not need to take over them all but it should focus on online websites and stuff.

jak3

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i think bitcoin can replace the faint money but its actully a tricky question because it would be better if we your both as a mean of payment depending on the person's choise

mark coins

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Quote from: CoinFoxs on July 05, 2016, 09:22:01 AM

I don't believe that bitcoin replaces money, Bitcoin is used directly in some stores but it is not used directly in the stores of other countries. It is very difficult to replace money because bitcoin now is not as much popular and accepted like other currencies. And one thing more that in all countries they have their own currency so it seems impossible, bitcoin replace other currency or money.

Yeah its difficult to imagine that bitcoin can ever replace paper money, as there are many people who have still not heard about bitcoins, and we cannot expect them to use bitcoins.

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I don't believe that bitcoin replaces money, Bitcoin is used directly in some stores but it is not used directly in the stores of other countries. It is very difficult to replace money because bitcoin now is not as much popular and accepted like other currencies. And one thing more that in all countries they have their own currency so it seems impossible, bitcoin replace other currency or money.

hawkins

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Quote from: sishendaoye on July 05, 2016, 04:59:47 AM

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?

Bitcoin is never going to replace money because that is just not how it works, the dollar is far more powerful if you ask me.
The Bitcoin has to just go and be its self and not take over anything at all.

Well, I think the dollar has been quite good in doing transactions, and all people are comfortable using it. bitcoin indeed excellent technology, however, I think that it can not replace the money, because bitcoin itself is still not stable, and not everyone knows how to use them

sishendaoye

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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?

Bitcoin is never going to replace money because that is just not how it works, the dollar is far more powerful if you ask me.
The Bitcoin has to just go and be its self and not take over anything at all.

Enotche

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Before any currency - virtual or real - could be cash, it must go through several stages in its development. First step: become a means of accumulation. An even more important step - to prove that your payment instrument is able to be it means accumulation over 3-5 years. Given the fact that all of the first ways of using Bitcoin just refer to the concept of "storage means", we can confidently say that this step has been passed successfully.

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Quote from: Sled on July 05, 2016, 02:34:03 AM

I think it's possible that bitcoin can replace those physical currencies but i think it will not happen easily because bitcoin needs more popularity and adoption from different countries and also the governments. If that happen it will make an idea for people or government officials to talk about bitcoin for using it as a primary currency because of it's fast and secure transaction.

Never possible, at any stand countries won't try to stop using their own currency and move for an alternative. Upon each countries currency value they have their own economy. Possibly bitcoin might replace all other digital currency and remains to be the only digital currency.

Sled

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I think it's possible that bitcoin can replace those physical currencies but i think it will not happen easily because bitcoin needs more popularity and adoption from different countries and also the governments. If that happen it will make an idea for people or government officials to talk about bitcoin for using it as a primary currency because of it's fast and secure transaction.

Enotche

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Bitcoin or equivalent based on it, is the most likely candidate for it to eventually replace cash as a means of calculation. However, for this it is necessary to have all the fundamental features of paper money, which is now at it, objectively speaking, it is not. (The high volatility, so the whole paragraph "liquidity", he is out of work.)

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Quote from: ASHLIUSZ on June 29, 2016, 02:56:01 AM

You can't use them to buy actual goods from a store. If usage grows and this currency becomes a mainstay, then its value will increase. but replacing paper money is difficult.

You can fund a credit card with bitcoins fairly sure. There are many companies motivated to provide this service for people if they wish. You can actually pay all your bills with blocks of gold in the same way, you have your gold deposit saved with the credit provider who gives you the card to spend and buy your items with. Every month your bill is settled from the current price for gold or alternatively bitcoin.

This isnt radical, Dollar is a digital currency already. The vast majority of currency is never seen as physical notes, its passed around as zeroes on a computer screen. You have to be dumb as bricks to do a bank robbert, the smart guys work from inside the bank and deduct even bigger amounts legally

Ryananda

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Quote from: ASHLIUSZ on June 29, 2016, 02:56:01 AM

Quote from: torrentheaven on June 28, 2016, 05:50:19 PM

Quote from: Crazygreek on June 28, 2016, 11:38:35 AM

It's have no sense to replace money into money, bitcoin is money too and it's similar to dollar or euro, people who can't understand that can't even use bitcoin at my opinion.

Bitcoin is also an currency same like fiat, the only difference is that at a moment we cannot spend it whenever we want as its usage is limited, but to be honest paper money will be always on top.

You can't use them to buy actual goods from a store. If usage grows and this currency becomes a mainstay, then its value will increase. but replacing paper money is difficult.

Yes maybe they are different. Bitcoin is only used online while the real money is used. They have their uses at each place. I also feel confident that bitcoin will not replace the money because it was very difficult.

newcoins1978

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Quote from: coinplus on December 25, 2015, 05:19:59 AM

Quote from: lixer on December 25, 2015, 05:08:46 AM

Quote from: voztata on December 25, 2015, 05:05:17 AM

Quote from: Amph on December 25, 2015, 04:43:58 AM

again, it does not need tor eplace fiat money to be successful, why people always see all black or white

it can perfectly work in conjuction with it and be vastly adopted

Yes bitcoin does not need to replace fiats to get it's own future. Along with fiats there are big possibilities to become more successful in terms of value and user base, like people use fiats for some purpose and bitcoin for some other purpose like online transactions or as investments.

Yes both dollars and bitcoin will exist and will serve the human beings with their own features.
People may argue that bitcoin has all the features of fiat currencies. Then what is the need for fiats. But all the people in this world does not have knowledge on Internet and crypto-currencies.

You got the point. To replace dollars, bitcoin needs to come in physical form. Otherwise all the people in this world need to have internet and knowledge on cryptocurrencies. Without knowledge on internet and online transaction, it would be hard for bitcoin to replace fiats

Without physical money it would be impossible for the Bitcoin to take over the Dollar. You cannot ask all the people in the world to learn about the Bitcoin and stuff that is just way to much to ask for.

ASHLIUSZ

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Quote from: torrentheaven on June 28, 2016, 05:50:19 PM

Quote from: Crazygreek on June 28, 2016, 11:38:35 AM

It's have no sense to replace money into money, bitcoin is money too and it's similar to dollar or euro, people who can't understand that can't even use bitcoin at my opinion.

Bitcoin is also an currency same like fiat, the only difference is that at a moment we cannot spend it whenever we want as its usage is limited, but to be honest paper money will be always on top.

You can't use them to buy actual goods from a store. If usage grows and this currency becomes a mainstay, then its value will increase. but replacing paper money is difficult.

torrentheaven

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Quote from: Crazygreek on June 28, 2016, 11:38:35 AM

It's have no sense to replace money into money, bitcoin is money too and it's similar to dollar or euro, people who can't understand that can't even use bitcoin at my opinion.

Bitcoin is also an currency same like fiat, the only difference is that at a moment we cannot spend it whenever we want as its usage is limited, but to be honest paper money will be always on top.

Crazygreek

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It's have no sense to replace money into money, bitcoin is money too and it's similar to dollar or euro, people who can't understand that can't even use bitcoin at my opinion.

Galiatram

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This kind of people are to stupid in all kind of ways do you know why. How do you think that a currencie that is worth money can replaced by money hahahaa
Dont think that would happen what if he replace it the money is gone and the coin is worthless stupid people.

Lucas*

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there is no way that bitcoin replaces the money ! , it's true that bitcoin became popular and many people use it to buy things from stores and internet , we can say that we can use bitcoin like we can use money but we can't replace the money .

Shibashi Dogemoto

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Quote from: Jmild1 on June 26, 2016, 07:38:08 AM

Quote from: neochiny on June 26, 2016, 05:17:33 AM

Quote from: Jmild1 on June 09, 2016, 08:59:02 PM

Quote from: Nouelle-Hunter on June 09, 2016, 08:36:17 PM

Bitcoins replacing real money or fiat currency i think thatd a big no and not even possible even bitcoins is too popular and has many users.Real money/fiat moneys id already a trademark for each country and bitcoin is a global currency.Although bitcoin has the potential to be real money not to replace our real money that we are using now.Bitcoin be one of our real money currency but not to replace what we have now.

That wouldn't happen for NOW. but it will soon likely to happen as we can see technology is developing so fast and more big businesses are adopting into it.
http://www.theverge.com/2016/4/28/11525482/bitcoin-steam-valve-bitpay

yes bitcoin is likely to become popular and will be able to use to buy games,cloths etc.. but i one thing is for sure that bitcoin replacing fiat money is impossible just like what nouelle-hunter said fiat money is already a trade mark of every country.

Saying impossible means will not happen at any cost at all and thats what make me disagree in your post. As what I said before, if the technology will keep on making a big progress, we'll soon see things adopt into virtual and currency will also follow with that progress.

Bitcoin will be used and accepted widely in future and people will prefer to use bitcoin more in compare to paper money, but that doesn't mean paper money will simply disappear, many people will still prefer to use it.

Jmild1

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Quote from: neochiny on June 26, 2016, 05:17:33 AM

Quote from: Jmild1 on June 09, 2016, 08:59:02 PM

Quote from: Nouelle-Hunter on June 09, 2016, 08:36:17 PM

Bitcoins replacing real money or fiat currency i think thatd a big no and not even possible even bitcoins is too popular and has many users.Real money/fiat moneys id already a trademark for each country and bitcoin is a global currency.Although bitcoin has the potential to be real money not to replace our real money that we are using now.Bitcoin be one of our real money currency but not to replace what we have now.

That wouldn't happen for NOW. but it will soon likely to happen as we can see technology is developing so fast and more big businesses are adopting into it.
http://www.theverge.com/2016/4/28/11525482/bitcoin-steam-valve-bitpay

yes bitcoin is likely to become popular and will be able to use to buy games,cloths etc.. but i one thing is for sure that bitcoin replacing fiat money is impossible just like what nouelle-hunter said fiat money is already a trade mark of every country.

Saying impossible means will not happen at any cost at all and thats what make me disagree in your post. As what I said before, if the technology will keep on making a big progress, we'll soon see things adopt into virtual and currency will also follow with that progress.

Topic: Bitcoin replaces the money? Could happen? - page 37. (Read 86028 times)