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Topic: Bitcoin replaces the money? Could happen? - page 5. (Read 86045 times)

legendary
Activity: 1134
Merit: 1598
Not only that we all would become anonymous and evade taxes, but also poor countries will not be able to do anything because they don't have electricity or Internet. If the governments would agree with us, anonymity wouldn't be a problem right now but they don't like it. Bitcoin will never replace the money, maybe a government-created cryptocurrency that can be tracked only by them..
legendary
Activity: 3248
Merit: 1160
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In the near future, predicting that humanity refuses to cash. And it already means that all financial transactions will take place in a digital format.
If the digital format it does not say anything. It can be the same money is not just cash in your pocket, but with the help of bank cards can pay for all services or purchase. A currency will remain the same.
Going digital has its flaws such as stealing would be easier and cyber crime will increase. I am not against digital currency but there will be more crime when that happened. I can see that their will be a lot of phising sites in which people will try to get all your money for the benefit of themeselves. It can also promote some crimes like transfer of money from kidnappers and drug dealers.
Everything has its own advantage and disadvantage, if we go fully digital, this world will go faster than ever and when that time comes it will be bitcoin that is going to rule, but for me I would not be wishing for that to happen because I still love to use paper money and digital money at the same time.
legendary
Activity: 3010
Merit: 1028
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How do you all think this is going ot happen the price of th ebitcoin is the dollar and how do you think that something that exist out of the dollar is going to replace the dollar i dont think this is going to work you know

Yeah this is really not possible to happen for because of dollar bitcoin existed. And I don't think that the government is going to allow to replace dollar by bitcoin. As we all know that bitcoin is a currency that doesn't have stable price at all, so for sure the government will not depend on bitcoin. Maybe online dollar is possible.
did you really think bitcoin was exist because of dollar? actually bitcoin could have existed without dollar,if dollar is not exist then bitcoin value will be moved to another most used currency such as euro so there's no problem at all if dollar weren't exist,bitcoin was made to be digital currencies which going to be useful on digital world nor because of dollar existed
hero member
Activity: 1806
Merit: 672
In the near future, predicting that humanity refuses to cash. And it already means that all financial transactions will take place in a digital format.
If the digital format it does not say anything. It can be the same money is not just cash in your pocket, but with the help of bank cards can pay for all services or purchase. A currency will remain the same.
Going digital has its flaws such as stealing would be easier and cyber crime will increase. I am not against digital currency but there will be more crime when that happened. I can see that their will be a lot of phising sites in which people will try to get all your money for the benefit of themeselves. It can also promote some crimes like transfer of money from kidnappers and drug dealers.
hero member
Activity: 1246
Merit: 529
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In the near future, predicting that humanity refuses to cash. And it already means that all financial transactions will take place in a digital format.

As other post say, it would still be cash in digital form, remember that money is legal and was issued by the government to its people so I think even in years to come it will still be the same, although there might be a digital form of it just like in cards in ATMs and credit cards... But never bitcoin, it cannot replace money unless otherwise the government own the bitcoin...  Smiley
But the question is, how would bitcoin will replace money when bitcoin itself is not regulated, I think that is impossible also as the value of bitcoin is based on the fiat most certainly USD. That is a little complicated but let us not complicate things as it will never happen bitcoin will be the mainstream currency in the world.
I think the question should be actually can bitcoin replace the fiat because bitcoin is also a money.But that too can never actually happen.Yes right that we value bitcoin just becaue of its value in fiat or USD also bitcoins is a virtual currency and in no way its possible for it to replace the fiat money.

I also believe that Bitcoin is not to replace the dollar. He will remain in place and will be an alternative currency. He will have to function and it will be used if necessary to carry out anonymous payments
Indeed. Even if it becomes stronger in the future, it would still be fiat as people are so used to holding money in their hands. Also,as stated above, it would depend if governments would accept bitcoin use as it would be much easier for them to control fiat currency
full member
Activity: 189
Merit: 100
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In the near future, predicting that humanity refuses to cash. And it already means that all financial transactions will take place in a digital format.

As other post say, it would still be cash in digital form, remember that money is legal and was issued by the government to its people so I think even in years to come it will still be the same, although there might be a digital form of it just like in cards in ATMs and credit cards... But never bitcoin, it cannot replace money unless otherwise the government own the bitcoin...  Smiley
But the question is, how would bitcoin will replace money when bitcoin itself is not regulated, I think that is impossible also as the value of bitcoin is based on the fiat most certainly USD. That is a little complicated but let us not complicate things as it will never happen bitcoin will be the mainstream currency in the world.
I think the question should be actually can bitcoin replace the fiat because bitcoin is also a money.But that too can never actually happen.Yes right that we value bitcoin just becaue of its value in fiat or USD also bitcoins is a virtual currency and in no way its possible for it to replace the fiat money.

I also believe that Bitcoin is not to replace the dollar. He will remain in place and will be an alternative currency. He will have to function and it will be used if necessary to carry out anonymous payments
hero member
Activity: 756
Merit: 500
It will not happen. We all grow up using money,then suddenly it will be replace by bitcoin.i dont like it. Bitcoin is for online payments only

The point you mentioned or the concept that you are having is actually the biggest reason why bitcoin cannot replace fiat, because the world has been using that money from the starting, so they would probably just not accept something that does not have any shape at all which is just digital, it would take centuries for them to overcome this as they are humans.
member
Activity: 68
Merit: 10
How do you all think this is going ot happen the price of th ebitcoin is the dollar and how do you think that something that exist out of the dollar is going to replace the dollar i dont think this is going to work you know
full member
Activity: 154
Merit: 100
In the near future, predicting that humanity refuses to cash. And it already means that all financial transactions will take place in a digital format.

As other post say, it would still be cash in digital form, remember that money is legal and was issued by the government to its people so I think even in years to come it will still be the same, although there might be a digital form of it just like in cards in ATMs and credit cards... But never bitcoin, it cannot replace money unless otherwise the government own the bitcoin...  Smiley
But the question is, how would bitcoin will replace money when bitcoin itself is not regulated, I think that is impossible also as the value of bitcoin is based on the fiat most certainly USD. That is a little complicated but let us not complicate things as it will never happen bitcoin will be the mainstream currency in the world.
I think the question should be actually can bitcoin replace the fiat because bitcoin is also a money.But that too can never actually happen.Yes right that we value bitcoin just becaue of its value in fiat or USD also bitcoins is a virtual currency and in no way its possible for it to replace the fiat money.
sr. member
Activity: 812
Merit: 250
I think bitcoin is a money too so? how bitcoin replaces money hmm?? it's still a money :3
Haha yea right bitcoin is a money itslelf.It is a currency and has a value in market and can be used to buy many things online so bitcoin being itself money and there are many forms of money as fiat currency paper money and i think any form of money cannot replace each other.

Bitcoin couldnt really replace  fiat money  anytime soon  since  bitcoin is  only  good  on  online transaction  or on other  physical  purchases which uses  a  physical bitcoin but still people would prefer to  use  up paper currency  hence this is  being used  for how many years    by  people all  over the world and  as we all now that bitcoins adoption is not really  there   to consider this things.

Yes you are right, both on the use bitcoin online. But in fact the use of bitcoin is still losing money. More money is needed in real use. It may be true that bitcoin can not replace the money. Bitcoin will grow in the online and the extent of crypto.
Well come to think of it, it's possible that time will come when bitcoin would be at the same level of use as paper money. Not to replace it though, but to be an equal option to fiat.
Yes if such was possible I think it could happen. Maybe bitcoin could be at the level I with paper money, but not to replace paper money. But to do that bitcoin is still very difficult because of the need of adoption and cooperation with the government to give permission to use bitcoin.
hero member
Activity: 952
Merit: 500
In the near future, predicting that humanity refuses to cash. And it already means that all financial transactions will take place in a digital format.

As other post say, it would still be cash in digital form, remember that money is legal and was issued by the government to its people so I think even in years to come it will still be the same, although there might be a digital form of it just like in cards in ATMs and credit cards... But never bitcoin, it cannot replace money unless otherwise the government own the bitcoin...  Smiley
But the question is, how would bitcoin will replace money when bitcoin itself is not regulated, I think that is impossible also as the value of bitcoin is based on the fiat most certainly USD. That is a little complicated but let us not complicate things as it will never happen bitcoin will be the mainstream currency in the world.
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
In the near future, predicting that humanity refuses to cash. And it already means that all financial transactions will take place in a digital format.

As other post say, it would still be cash in digital form, remember that money is legal and was issued by the government to its people so I think even in years to come it will still be the same, although there might be a digital form of it just like in cards in ATMs and credit cards... But never bitcoin, it cannot replace money unless otherwise the government own the bitcoin...  Smiley
hero member
Activity: 3010
Merit: 666
It will not happen. We all grow up using money,then suddenly it will be replace by bitcoin.i dont like it. Bitcoin is for online payments only
But if you grow up more you will find that now everyone like to use the digital system of payment and other transactions debit cards are one example of them and when everyone will know about bitcoin then they will adopt it for their uses.
You reasoning is only focus on the best side of bitcoin, it is apparent that bitcoin is good only for online transaction and money or cash is good for offline and online transaction, majority of money circulation in this world are done offline or buy face to face transaction so with that very simple reason we cannot make money gone in the circulation, they are both useful so they should remain in the circulation.
hero member
Activity: 672
Merit: 500
It will not happen. We all grow up using money,then suddenly it will be replace by bitcoin.i dont like it. Bitcoin is for online payments only
But if you grow up more you will find that now everyone like to use the digital system of payment and other transactions debit cards are one example of them and when everyone will know about bitcoin then they will adopt it for their uses.
hero member
Activity: 840
Merit: 501
Strength in Numbers
i do not thing that it can be happen in the near future, but hope that after decades we will be able to replace fiat and start using bitcoin in all kind of activities.
If we imagine such a situation without cash, then remembered the fantastic films where, instead of cash or credit cards there. But still there is something in his arms, not virtual. Let there be no paper, but still something will be different.

So we can just back in the ancient times and keep on the trading with other goods like gold and other precious metal again and that is barter.

But I really don't think something different will make the people not use paper money. Because this is supported by the government.

Unless the government will support bitcoin then they can just implement it.
sr. member
Activity: 284
Merit: 250
i do not thing that it can be happen in the near future, but hope that after decades we will be able to replace fiat and start using bitcoin in all kind of activities.
If we imagine such a situation without cash, then remembered the fantastic films where, instead of cash or credit cards there. But still there is something in his arms, not virtual. Let there be no paper, but still something will be different.
sr. member
Activity: 279
Merit: 250
In the near future, predicting that humanity refuses to cash. And it already means that all financial transactions will take place in a digital format.
If the digital format it does not say anything. It can be the same money is not just cash in your pocket, but with the help of bank cards can pay for all services or purchase. A currency will remain the same.
sr. member
Activity: 243
Merit: 250
In the near future, predicting that humanity refuses to cash. And it already means that all financial transactions will take place in a digital format.
legendary
Activity: 2058
Merit: 1030
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i do not thing that it can be happen in the near future, but hope that after decades we will be able to replace fiat and start using bitcoin in all kind of activities.
Its obvious that its impossible to happen in the future.. fiat is fiat and it will never change it because of bitcoin.. bitcoin is always the best only for alternative and i am sure government will deny it..
member
Activity: 115
Merit: 10
i do not thing that it can be happen in the near future, but hope that after decades we will be able to replace fiat and start using bitcoin in all kind of activities.
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