Bitcoin replaces the money? Could happen? - page 47.

mark coins

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Quote from: upsidedown75 on April 26, 2016, 01:11:52 PM

Quote from: BitcoinPaw on April 21, 2016, 11:30:34 PM

I can't really understand what you mean by repacing money. Bitcoin is money, dollar is money too so if we will swap bitcoin and dollar, we will swap money and money, am i right? Grin

But here the OP do not mean as money but actually he mean currency, he is talking about the currency which every time compete with each other, so he is talking that will bitcoin be able to compete other currencies!

Bitcoin has already started to compete with other currencies but it will never reach to the top as majority of people are not aware about bitcoins and will continue to use fiat currency.

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Quote from: BitcoinPaw on April 21, 2016, 11:30:34 PM

I can't really understand what you mean by repacing money. Bitcoin is money, dollar is money too so if we will swap bitcoin and dollar, we will swap money and money, am i right? Grin

But here the OP do not mean as money but actually he mean currency, he is talking about the currency which every time compete with each other, so he is talking that will bitcoin be able to compete other currencies!

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Quote from: ultimatesky on April 26, 2016, 09:30:47 AM

No Bitcoin is just a different way of paying and it does not really have the intention to replace money. It would be to much because there are to many people involved with money.
Replacing money with Bitcoin would not work out.

I also think that way. I think it very difficult for bitcoin to replace the money. while sharing the same tools for bitcoin payment but the money and have very much difference

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No Bitcoin is just a different way of paying and it does not really have the intention to replace money. It would be to much because there are to many people involved with money.
Replacing money with Bitcoin would not work out.

StoreBit

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No, bitcoin will never replace the money/fiat as they both have their own values and they both have their own places, both have their own benefits in their own places. Bitcoin will flourish and one day will be a more successful currency and will be a more stable currency but still fiat will have their own benefits.

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I only know how to spend Bitcoin online. There are certain sites which helps you to purchase goods directly with bitcoin, purse.io is one such website and it is pretty trust-able. I have never seen any physical store that accepts bitcoins directly.

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The chance is really small that it can happen because there are a lot of people that is still using their normal money and that is quite important for them otherwise they cant live.
You see of course now that Bitcoin is getting more used and popular but that is not that many people that it can replace it.

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Quote from: virtualkeybuyer on April 24, 2016, 12:10:18 PM

It is not easy to happen because bitcoin is a virtual currency for online use while fiat is offline currency which is much convenient for offline use so people will make their way difficult to adopt online currency for their offline use.

Yes, Bitcoin will never replace all the physical money because sometimes it is much more convinient to use them rather than Bitcoin. Maybe in the far far future it will but not in the next 20 years IMO.

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Quote from: martinacar on April 25, 2016, 03:31:27 AM

No this is not going to happen, there are just to many countries involved that have there own currency and money. Bitcoin is never going to replace all that, something are just to much to handle.

People who are spending time online on regular basis will use only bitcoin, but those who don't have any relation with internet will prefer to use fiat currency.

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No this is not going to happen, there are just to many countries involved that have there own currency and money. Bitcoin is never going to replace all that, something are just to much to handle.

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Quote from: virtualkeybuyer on April 24, 2016, 12:10:18 PM

It is not easy to happen because bitcoin is a virtual currency for online use while fiat is offline currency which is much convenient for offline use so people will make their way difficult to adopt online currency for their offline use.

Agreed, the above quote is truly a reason for which bitcoin won't replace fiat. Though in future offline stores accept bitcoin for their service people who preferring bitcoin for such transaction will be very low compared to the local currency users.

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Quote from: expert4knowledge on April 22, 2016, 07:02:31 PM

Quote from: jamesl22 on April 21, 2016, 06:16:13 PM

Quote from: Newcoins2020 on April 21, 2016, 05:46:39 PM

I do not think this is gonna happen but it maybe could happen in about 20 years or something.
Right now its very far from it but this can of course change if the bitcoin grows a lot and also be globally known and used, the same rule applies for stores.

Bitcoin will be widely used and will be accepted as a currency in future but only as a secondary currency, ifat money will always enjoy and hold the crown of being a primary currency.

The only possibility for happening other things is the time that a country consider bitcoin as its own currency although I know there is a weak probability.

Nope it is impossible to accept bitcoin as a currency in any country. Bitcoin is digital currency, to be honest let it be in its own way, things when changes may lose its value, I don't want bitcoin to be one among them.

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It is not easy to happen because bitcoin is a virtual currency for online use while fiat is offline currency which is much convenient for offline use so people will make their way difficult to adopt online currency for their offline use.

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Quote from: BitcoinPaw on April 21, 2016, 11:30:34 PM

I can't really understand what you mean by repacing money. Bitcoin is money, dollar is money too so if we will swap bitcoin and dollar, we will swap money and money, am i right? Grin

Here replacement is not the value. In the place of using dollar or other currencies using bitcoin is the replacement. We can see such a change only if adoption takes place to at least 50% of world population.

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Quote from: expert4knowledge on April 22, 2016, 07:02:31 PM

Quote from: jamesl22 on April 21, 2016, 06:16:13 PM

Quote from: Newcoins2020 on April 21, 2016, 05:46:39 PM

I do not think this is gonna happen but it maybe could happen in about 20 years or something.
Right now its very far from it but this can of course change if the bitcoin grows a lot and also be globally known and used, the same rule applies for stores.

Bitcoin will be widely used and will be accepted as a currency in future but only as a secondary currency, ifat money will always enjoy and hold the crown of being a primary currency.

The only possibility for happening other things is the time that a country consider bitcoin as its own currency although I know there is a weak probability.

Yeah well Said the probability is very low to get bitcoin evolve as a country's own currency. In future when the adoption increases high bitcoin will be used as an alternate currency in future.

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Quote from: jamesl22 on April 21, 2016, 06:16:13 PM

Quote from: Newcoins2020 on April 21, 2016, 05:46:39 PM

I do not think this is gonna happen but it maybe could happen in about 20 years or something.
Right now its very far from it but this can of course change if the bitcoin grows a lot and also be globally known and used, the same rule applies for stores.

Bitcoin will be widely used and will be accepted as a currency in future but only as a secondary currency, ifat money will always enjoy and hold the crown of being a primary currency.

The only possibility for happening other things is the time that a country consider bitcoin as its own currency although I know there is a weak probability.

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Quote from: Altcoinsupporter on April 22, 2016, 09:12:26 AM

Quote from: arwin100 on April 22, 2016, 04:41:25 AM

Quote from: BitcoinPaw on April 21, 2016, 11:30:34 PM

I can't really understand what you mean by repacing money. Bitcoin is money, dollar is money too so if we will swap bitcoin and dollar, we will swap money and money, am i right? Grin

I think he means that bitcoin can replace the physical money. My thoughs of that is it will never ever happen because physical money is implemented of government and many people prefferw physical money where they can touch and feel than digital money that is floating in online world. It is possible to be hack. And also physical money is most prefered by al of business establishments and i think if they invest in digital money is very risky for them to lose.

Bitcoin is indeed, money but I think he means that if it can replace dollar or something and my answer is no, as you can see you see that Bitcoin is not everywhere acceptable.
If Bitcoin is everywhere acceptable than you can talk about replacing but you cant talk now around this time about replacing.

But you see indeed that Bitcoin is getting more and more popular and that is nice.

I think even if its used everywhere its still not possible because all other currency's are much bigger than the bitcoin.
Maybe if the bitcoin will get a lot more media attention it maybe is possible but banks will most likely try to stop this with their powers..

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Quote from: arwin100 on April 22, 2016, 04:41:25 AM

Quote from: BitcoinPaw on April 21, 2016, 11:30:34 PM

I can't really understand what you mean by repacing money. Bitcoin is money, dollar is money too so if we will swap bitcoin and dollar, we will swap money and money, am i right? Grin

I think he means that bitcoin can replace the physical money. My thoughs of that is it will never ever happen because physical money is implemented of government and many people prefferw physical money where they can touch and feel than digital money that is floating in online world. It is possible to be hack. And also physical money is most prefered by al of business establishments and i think if they invest in digital money is very risky for them to lose.

Bitcoin is indeed, money but I think he means that if it can replace dollar or something and my answer is no, as you can see you see that Bitcoin is not everywhere acceptable.
If Bitcoin is everywhere acceptable than you can talk about replacing but you cant talk now around this time about replacing.

But you see indeed that Bitcoin is getting more and more popular and that is nice.

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Quote from: BitcoinPaw on April 21, 2016, 11:30:34 PM

I can't really understand what you mean by repacing money. Bitcoin is money, dollar is money too so if we will swap bitcoin and dollar, we will swap money and money, am i right? Grin

I think he means that bitcoin can replace the physical money. My thoughs of that is it will never ever happen because physical money is implemented of government and many people prefferw physical money where they can touch and feel than digital money that is floating in online world. It is possible to be hack. And also physical money is most prefered by al of business establishments and i think if they invest in digital money is very risky for them to lose.

BitcoinPaw

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I can't really understand what you mean by repacing money. Bitcoin is money, dollar is money too so if we will swap bitcoin and dollar, we will swap money and money, am i right? Grin

Topic: Bitcoin replaces the money? Could happen? - page 47. (Read 86028 times)