Bitcoin replaces the money? Could happen? - page 39.

jak1

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Quote from: ning_chang on June 05, 2016, 01:01:00 AM

Bitcoin will not ever replace the real money, Bitcoin is use as an alternative money so it means it will no replace bitcoin as well

bitcoin would not replace the real money, but it can replace all digital currency and payment sources. like paypal, payza, pm and other payment sources, I am sure one day bitcoin will surely replace these systems and become the only one digital currency on the web. I can predict that just because of seeing current usage of bitcoins. bitcoin reached to a milestone only in 8 years. then what will happen next 8 years, can some one imagine that?

Seggbek Ur

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Bitcoin is never going to replace all that, something are just to much to handle.

randy8777

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Quote from: crairezx20 on June 09, 2016, 10:22:03 AM

I couldn't imagine that bitcoin can be replace money or fiat.. this is impossible to happen and it will never happen until we die..
Bitcoin is just a digital currency we are just use it for online transaction.. but some countries are already adopted bitcoin in their country just like brazil.

yup, it will never happen. people hoping for bitcoin to replace fiat currencies are wasting their time big time. bitcoin is just an alternative and that will never change. some people need to accept this.

crairezx20

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I couldn't imagine that bitcoin can be replace money or fiat.. this is impossible to happen and it will never happen until we die..
Bitcoin is just a digital currency we are just use it for online transaction.. but some countries are already adopted bitcoin in their country just like brazil.

sobsitesearch

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Quote from: Cyaren on June 09, 2016, 03:43:49 AM

Quote from: iram1011 on June 09, 2016, 02:28:33 AM

I think that this is only a new way to concept one idea
without credit card we can have the same world today? I think so.. NO!
So cash is not replaced by cc,
I think that a similar mechanism will lead the adoption of BTC, without replacing just "following" in a parallel road .

I think rather that bitcoin will be the only currency used, since cash will not be needed in the future. We are going very virtual with currencies, and bitcoin is the perfect solution for that virtual currency.

I definitely think that this could happen. How long it takes, we don't know.

No this is not make it happen bitcoin will line in the currency of what we have now
At first not all the people are aware in bitcoin they did not know what is bitcoin.
We need more time to orient them even we do not have assurance if this will last long.

Cyaren

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Quote from: iram1011 on June 09, 2016, 02:28:33 AM

I think that this is only a new way to concept one idea
without credit card we can have the same world today? I think so.. NO!
So cash is not replaced by cc,
I think that a similar mechanism will lead the adoption of BTC, without replacing just "following" in a parallel road .

I think rather that bitcoin will be the only currency used, since cash will not be needed in the future. We are going very virtual with currencies, and bitcoin is the perfect solution for that virtual currency.

I definitely think that this could happen. How long it takes, we don't know.

iram1011

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I think that this is only a new way to concept one idea
without credit card we can have the same world today? I think so.. NO!
So cash is not replaced by cc,
I think that a similar mechanism will lead the adoption of BTC, without replacing just "following" in a parallel road .

Babayega31

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Quote from: Next BillG on June 09, 2016, 02:19:07 AM

Quote from: Altynbekova on June 08, 2016, 01:14:30 PM

No in my eyes this cannot be done because its simply way too much for the bitcoin, the dollar is to big to replace and there are also way too many people depending on it.

It will take several decades for the bitcoin to be the major reserve currency in the world. It will coexist with fiats.

Totally not gonna happen because physical money is really prefered by mostly of people and government really dont allow bitcoins would destroy their economic symbolism and digital coins is just optional to people if they use it as their mode of payments, the number 1 enemy for bitcoins for that to be happen is government and surely they will not let bitcoin covered the real cash.

Next BillG

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Quote from: Altynbekova on June 08, 2016, 01:14:30 PM

No in my eyes this cannot be done because its simply way too much for the bitcoin, the dollar is to big to replace and there are also way too many people depending on it.

It will take several decades for the bitcoin to be the major reserve currency in the world. It will coexist with fiats.

Altynbekova

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No in my eyes this cannot be done because its simply way too much for the bitcoin, the dollar is to big to replace and there are also way too many people depending on it.

Sandroxa

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Quote from: Next BillG on June 07, 2016, 03:44:19 AM

Quote from: Akupuniard on June 05, 2016, 02:52:44 PM

Country will not replace their currencies into bitcoin i think, they can add it as legal but not replace. Cause bitcoin is can't be controled, that's the main reason at my opinion.

I think the bitcoin will coexist with the national fiat currencies for many years. It will appreciate against the fiat.

Bitcoin will be just another kind of money and it wont replace it and the best thing of Bitcoin is that it will be really hard to know what will happen in the future.
But of course it is hard to know that and many people dont even know what Bitcoin so that is the problem.

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Quote from: ning_chang on June 05, 2016, 01:01:00 AM

Bitcoin will not ever replace the real money, Bitcoin is use as an alternative money so it means it will no replace bitcoin as well

What? Fiat should have never become money in the first place. After all, it's not a "money". It's a currency, as it is controlled by a single entity and it depreciates in value over time instead of retaining it.

While bitcoin is portable and virtual, and a lot more convenient than fiat currencies. So yes, I think bitcoin can replace fiats.

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Quote from: Enotche on June 05, 2016, 01:33:29 AM

In Bitcoin has the greatest number of benefits available to the cash - anonymity, lack of control and additional fees (which, even if they are charged by some organizations, comparable in size with the bank). His problem - the lack of universal acceptance, and such, if you will, will happen soon. Another of his drawback - high volatility, so the whole paragraph "liquidity", he is out of work.

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, is no.

You can transport it and trade it physically. All that is really lacking is the ability to identify money as real money, like you can by putting a paper note up against light for instance. Maybe one could get a gadget to read public keys and verify funds in the address?

Next BillG

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Quote from: Akupuniard on June 05, 2016, 02:52:44 PM

Country will not replace their currencies into bitcoin i think, they can add it as legal but not replace. Cause bitcoin is can't be controled, that's the main reason at my opinion.

I think the bitcoin will coexist with the national fiat currencies for many years. It will appreciate against the fiat.

Akupuniard

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Country will not replace their currencies into bitcoin i think, they can add it as legal but not replace. Cause bitcoin is can't be controled, that's the main reason at my opinion.

Enotche

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In Bitcoin has the greatest number of benefits available to the cash - anonymity, lack of control and additional fees (which, even if they are charged by some organizations, comparable in size with the bank). His problem - the lack of universal acceptance, and such, if you will, will happen soon. Another of his drawback - high volatility, so the whole paragraph "liquidity", he is out of work.

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, is no.

afriezalie

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I think money will never be replaced by alternative payment method like bitcoin. Maybe in some places it can, but alternative payment usually need internet connection and it become useless without internet connection.
The other thing is bitcoin value. Every country has its currency which is different between one and others. If all countries adopted bitcoin as their currency, we would face the new problems.

ning_chang

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Bitcoin will not ever replace the real money, Bitcoin is use as an alternative money so it means it will no replace bitcoin as well

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Quote from: Akupuniard on May 31, 2016, 01:11:25 PM

Impossible to replace money by money Grin

Bitcoin is so young and people don't really trust on it, so they will use fiat currencies till bitcoin become more popular.

Yes, bitcoin is something like gold and it cannot be used in other places and be replaced with gold.

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Quote from: hermanhs09 on June 01, 2016, 03:43:41 AM

As soon as bitcoins are used to price goods directly, bitcoin will be money and this will happen very soon.

Right now you can buy goods for bitcoins directly, but you have to deal with the always fluctuating exchange rates, and the prices are based on USD or equivalents. That will be replaced by a price constant in BTC soon.

Yes, one of the most important problems of expanding bitcoin is that its price is extremely unstable and change second by second.

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