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Topic: Bitcoin replaces the money? Could happen? - page 44. (Read 86047 times)

full member
Activity: 196
Merit: 100
I think not replace. If we mean just Bitcoin. The number of Bitcoins is limited, and its value should be very high to grow to meet the requirements for full replacement of money.
The second point. People are reluctant to accept the new. Not all people are tech-savvy, and they do not want to learn something new, they are accustomed to use the old-fashioned conventional money.
And also here it is necessary to consider the political system of the state. Exist developed countries, also exist  the developing.
sr. member
Activity: 588
Merit: 250
I am actually sure that in the future some kind of cryptocurency will replace physical money completely. But I doubt it will be bitcoin.
It most likely will be either global currency developed by some kind of global bank or national crypto currencies issued by every nation.

I think it will never happpen cause physical money is simple and tested by time, global currency also will not be developed cause of goverments of different countries and their politics. We will know it in future anyway.
hero member
Activity: 1764
Merit: 505
#SWGT PRE-SALE IS LIVE
no it will nt happen bitcoin will survive and will flourish but will not replace other currency, but it is the chances that it will replace dollar fromonline market and become online global currency.

Its not only about dollars, different countries have different currencies and each and every currency holds an identity and is representing their country and  Government will never allow bitcoin to be a primary currency.
It's just like how governments don't allow for something like gold to be a currency; at this point it isn't worth backing a currency with it (and you can't thanks to the US) and it is easier to just print money and have investors value your currency based on whatever makes a currency in your section of the world valuable.

Bitcoin will never replace fiat, and I will be infinitely surprised if it does.

Yeah really it will not happen because government will be the no.1 critics of bitcoin if someone make push to be a real currency, government will not allowed thats e-curreny will take down their very owned currency because they have law implemented on it and it had great part of global trade economy will bitcoin still nobody and they dont bother to look at it.
sr. member
Activity: 294
Merit: 250
Definitely could happen, if someone decide to accept BTC directly as a payment, and everybody would follow suit.

But the point is, we have to wait till someone decide to do that. They have to value BTC by itself, not by the fiat price of BTC. In an economic collapse, this will definitely happen.
legendary
Activity: 2142
Merit: 1012
no it will nt happen bitcoin will survive and will flourish but will not replace other currency, but it is the chances that it will replace dollar fromonline market and become online global currency.

Its not only about dollars, different countries have different currencies and each and every currency holds an identity and is representing their country and  Government will never allow bitcoin to be a primary currency.
It's just like how governments don't allow for something like gold to be a currency; at this point it isn't worth backing a currency with it (and you can't thanks to the US) and it is easier to just print money and have investors value your currency based on whatever makes a currency in your section of the world valuable.

Bitcoin will never replace fiat, and I will be infinitely surprised if it does.
I also agree with this view but that's about prefer never to say never say never Grin Because in life may be the most incredible and fantastic scenarios.
legendary
Activity: 1218
Merit: 1007
no it will nt happen bitcoin will survive and will flourish but will not replace other currency, but it is the chances that it will replace dollar fromonline market and become online global currency.

Its not only about dollars, different countries have different currencies and each and every currency holds an identity and is representing their country and  Government will never allow bitcoin to be a primary currency.
It's just like how governments don't allow for something like gold to be a currency; at this point it isn't worth backing a currency with it (and you can't thanks to the US) and it is easier to just print money and have investors value your currency based on whatever makes a currency in your section of the world valuable.

Bitcoin will never replace fiat, and I will be infinitely surprised if it does.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
I am actually sure that in the future some kind of cryptocurency will replace physical money completely. But I doubt it will be bitcoin.
It most likely will be either global currency developed by some kind of global bank or national crypto currencies issued by every nation.
hero member
Activity: 672
Merit: 500
no it will nt happen bitcoin will survive and will flourish but will not replace other currency, but it is the chances that it will replace dollar fromonline market and become online global currency.

Its not only about dollars, different countries have different currencies and each and every currency holds an identity and is representing their country and  Government will never allow bitcoin to be a primary currency.
hero member
Activity: 798
Merit: 500
no it will nt happen bitcoin will survive and will flourish but will not replace other currency, but it is the chances that it will replace dollar fromonline market and become online global currency.
legendary
Activity: 2044
Merit: 1075
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It will never happen, it is not possible practically as there are many people who are earning in paper money and also they spend with it so the users of paper money will always be there.
because we life in this world and use paper money is needed maybe one smart people can make alternative currency like satoshi nakamoto find bitcoin, but the bitcoin never can replaced paper money.

Yes the users of paper money will always exist even in future, people will use only that currency that they feel comfortable to use.
hero member
Activity: 714
Merit: 500
Me, myself and I
It will never happen, it is not possible practically as there are many people who are earning in paper money and also they spend with it so the users of paper money will always be there.
because we life in this world and use paper money is needed maybe one smart people can make alternative currency like satoshi nakamoto find bitcoin, but the bitcoin never can replaced paper money.
hero member
Activity: 812
Merit: 1000
It will never happen, it is not possible practically as there are many people who are earning in paper money and also they spend with it so the users of paper money will always be there.
legendary
Activity: 1218
Merit: 1007
No it will never happen.As you've mentioned about stores accepting bitcoins that is fine,we can even expect big players like Amazon or Ebay to star accepting bitcoins as an alternate paying method but they won't completely replace the fiat.The government will never allow that for obvious reasons.
But how about in some years in the future when people over the world using bitcoin then paper money will really left by people.
the answer is really clear bitcoin will be main payment proceccor, but the chance of this thing to be happening is so small while government trying to banned bitcoin but beside of it all there's a chance

Yeah I think it replace, because of it is similar to Money, people work for it and trying to grow up by bitcoin business. So there is no any issue to think that, "it is not like money". While it is payment processor then should not be to any one- it is nothing like money. We got lots/ so many kind of money but bitcoin is one of the best of them .
Bitcoin is kind of like money, and technically it is money, it just expands upon the current downfalls of the current financial system and makes everything better (to an extent). Bitcoin can't replace money because each one has their better aspects respectively. Be it either transaction speed of value retention, each one has something better than the other, and both must find a way to co-exist.
full member
Activity: 192
Merit: 100
No it will never happen.As you've mentioned about stores accepting bitcoins that is fine,we can even expect big players like Amazon or Ebay to star accepting bitcoins as an alternate paying method but they won't completely replace the fiat.The government will never allow that for obvious reasons.
But how about in some years in the future when people over the world using bitcoin then paper money will really left by people.
the answer is really clear bitcoin will be main payment proceccor, but the chance of this thing to be happening is so small while government trying to banned bitcoin but beside of it all there's a chance

Yeah I think it replace, because of it is similar to Money, people work for it and trying to grow up by bitcoin business. So there is no any issue to think that, "it is not like money". While it is payment processor then should not be to any one- it is nothing like money. We got lots/ so many kind of money but bitcoin is one of the best of them .
sr. member
Activity: 812
Merit: 250
Bitcoin may not replace the fiat money but might just compete well with paypal and the rest of the payment method that connects the banks to online transactions. I'm beginning not to use my paypal account due to bitcoin. And i think the rest of us too.
Exactly bitcoin will not compete with the banks or the money because it was so different. Bitcoin only compete with like paypal and others. So bitcoin can not replace the money.
legendary
Activity: 2282
Merit: 1041
Bitcoin may not replace the fiat money but might just compete well with paypal and the rest of the payment method that connects the banks to online transactions. I'm beginning not to use my paypal account due to bitcoin. And i think the rest of us too.
legendary
Activity: 1148
Merit: 1006
Black Panther
Absolutely never bitcoin can never replace the value of fiat. Bitcoin might become the biggest digital currency but it will never replace fiat. Many people owing bitcoins need to know this. As long as bitcoin is priced in $'s fiat will always be dominant over it.

For now, I'm guess it's impossible since some country still forbid bitcoin usage. But as I can see bitcoin development, bitcoin may be attract by large investor on the future since it become more reliable and advance currency
sr. member
Activity: 812
Merit: 250
Absolutely never bitcoin can never replace the value of fiat. Bitcoin might become the biggest digital currency but it will never replace fiat. Many people owing bitcoins need to know this. As long as bitcoin is priced in $'s fiat will always be dominant over it.
Yes absolutely right bitcoin will not replace the money. Bitcoin now still use the money to determine the price. It is highly unlikely the money disappeared because the money is needed by a country.
hero member
Activity: 891
Merit: 500
Absolutely never bitcoin can never replace the value of fiat. Bitcoin might become the biggest digital currency but it will never replace fiat. Many people owing bitcoins need to know this. As long as bitcoin is priced in $'s fiat will always be dominant over it.
full member
Activity: 216
Merit: 100
Quote
Is it possible that the next few years means of exchange for transactions money initially turned into bitcoin?
I don't think so, Every item has its own value. There comes new product in the market everyday better than the previous one's but we still use those which are preferable. Like, you just said some people accept Bitcoins so unfortunately all the services would not be able to proceed using Bitcoins.
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