Bitcoin replaces the money? Could happen? - page 62.

harizen

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Quote from: quentincole32 on February 15, 2016, 07:18:59 AM

Quote from: ?? on ??

2. Not every people can afford electronic device & internet connection to use bitcoin

not everyone yes but nowadays in 2016 almost 60% of 16-34 years old have a device & internet connection *from various sources at several research site, so it's not a big deal isn't it?

You are looking only in a single tree and not on the whole forest.

You think that 60% are enough. It's really hard to explain if someone don't lived in fourth world countries.

Pattart

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Quote from: coin_gambler on February 14, 2016, 04:19:57 PM

no, it will not happen, in order for this to happen people have to buy more bitcoins

not only that, bitcoin takes a lot of users and the adoption of many societies. for it can come true

Rotator

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Why people are not satisfied with bitcoin already?
Will be more popular over time, but now you can buy almost everything with bitcoin,you can trade, or keep it in wallet.
In some cases bitcoin is replacement for money but not recognized by government, who cares for government?

quentincole32

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Quote from: ?? on ??

It can't happen, because many reason such as:
1. Many people still don't really know about bitcoin or use bitcoin
2. Not every people can afford electronic device & internet connection to use bitcoin
3. Some people can't trust bitcoin as currency or prefer currency provided by government
4. Government can use various way to prevent bitcoin usage or adoption in their country such as ban/regulate bitcoin
5. Current bitcoin block size & network can't handle worldwide transaction (yet)

Nothing can monopolize something, but i believe bitcoin can dominate other currency in future.

really?

Quote from: ?? on ??

It can't happen, because many reason such as:
1. Many people still don't really know about bitcoin or use bitcoin

Time will tell everything, as time goes by i think people will know what actually bitcoin slowly.

Quote from: ?? on ??

2. Not every people can afford electronic device & internet connection to use bitcoin

not everyone yes but nowadays in 2016 almost 60% of 16-34 years old have a device & internet connection *from various sources at several research site, so it's not a big deal isn't it?

Quote from: ?? on ??

3. Some people can't trust bitcoin as currency or prefer currency provided by government

this is the main problem that i can see everywhere so far, people fear about bitcoin price movement that looks a commodity not as currency, don't know how to solve this Roll Eyes

coinplus

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Quote from: lixer on February 15, 2016, 02:49:11 AM

I feel that more companies would adopt bitcoins and issue debit cards for all users without any fee, just like we have our regular bank visa cards. Then, bitcoin will replace the money. This definitely could happen.

You got a point. Currently, Xapo or bit-x kind of debit card providers are charging such a high fee that it becomes expensive to use their debit cards and even most websites/shops are open to US citizens. When these barriers get fade away, we can see bitcoin is replacing money.

betohell

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Quote from: bakingbad on February 14, 2016, 04:14:13 PM

i think after a few years it will replace the fiat

nope. i think bitcoin will never replace fiat.
bitcoin will only be as a payment option, not the payment of principal

phreaky

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That can never happen. I think that is impossible. Many people dont even know what Bitcoins is. Especially the older people. They are not our generation.
It hard to explain to them to use Bitcoins. Most of them has not even a computer. So I dont think it will work.

ctlaltdefeat

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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?

since bitcoin come in 2009,bitcoin have been make people relize that sometime there was possibility money replaced by something on diigtal,lets see about 10 years again,i hope its really happen.

lixer

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I feel that more companies would adopt bitcoins and issue debit cards for all users without any fee, just like we have our regular bank visa cards. Then, bitcoin will replace the money. This definitely could happen.

kartaggen

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Quote from: coin_gambler on February 14, 2016, 04:19:57 PM

no, it will not happen, in order for this to happen people have to buy more bitcoins

yes, paper money will always be used more as compared to bitcoins, as the users of fiat are huge as compared to bitcoins, and bitcoin is not reached to the maturity level yet.

coin_gambler

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no, it will not happen, in order for this to happen people have to buy more bitcoins

plost24

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Quote from: quentincole32 on February 14, 2016, 01:53:33 PM

Quote from: socks435 on February 14, 2016, 12:03:37 PM

There's no reason that bitcoin will be replaces money. because bitcoin is for internet currency and money is our real money use to buy anything.
Bitcoin use only to buy for stuffs online. bitcoins has no taxes and our money if you buy anything in our country they deduct taxes.
So i think it will never be happen in the future..

never say never, it could happened anytime but everyone agree bitcoin wouldn't replace money in the very near future.
bitcoin not only used online, there so many offline stores poping up accept bitcoin so it's not impossible bitcoin could replace fiat money.

we can say that bitcoin passing in the good way to replace fiat money so why not after some years it will reach that goal

bakingbad

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i think after a few years it will replace the fiat

quentincole32

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Quote from: socks435 on February 14, 2016, 12:03:37 PM

There's no reason that bitcoin will be replaces money. because bitcoin is for internet currency and money is our real money use to buy anything.
Bitcoin use only to buy for stuffs online. bitcoins has no taxes and our money if you buy anything in our country they deduct taxes.
So i think it will never be happen in the future..

never say never, it could happened anytime but everyone agree bitcoin wouldn't replace money in the very near future.
bitcoin not only used online, there so many offline stores poping up accept bitcoin so it's not impossible bitcoin could replace fiat money.

socks435

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Privacy is always important

There's no reason that bitcoin will be replaces money. because bitcoin is for internet currency and money is our real money use to buy anything.
Bitcoin use only to buy for stuffs online. bitcoins has no taxes and our money if you buy anything in our country they deduct taxes.
So i think it will never be happen in the future..

Rotator

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"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild

Money is power and they will not left this without fight.

“Countless People Will Hate The New World Order And Will Die Protesting Against It.” – H.G. Wells

“Our job is to give people not what they want, but what we decide they ought to have.”
Richard Salant, former president, CBS News

https://www.youtube.com/watch?v=jtYttjnYWN8

Rotator

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Inflation is invisible taxation, it is necessary for governments to keep controls over money supply.
They will never abandon Dollar this is clear as a day.
BTC have better chance to stay on internet.

kacak41

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Quote from: 2legit2 on February 13, 2016, 11:35:42 AM

It may happen in future, but probably it wont, people are used to normal money, bitcoins are just too new for everyone

Correct, people would strongly use bitcoin in future, but they would also continue to use fiat currency as well, as majority of the people would hesitate in using digital currency.

trickyriky

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Quote from: ATguy on February 13, 2016, 11:13:15 AM

Quote from: trickyriky on February 13, 2016, 09:54:15 AM

guberment shills are out in force i see, for the record, bitcoin will be dead and burried before the mass's elect to adopt the tech, especially now the blockchain is growing twice as fast with the 2mb block size, 10-15gb in the last 12 months says bitcoin has until no later than 2021 before its either fully centralised of abandoned, by 2021 only guberment data centers will be able to sustain the blockchain, be careful how you invest your wealth guys Wink

Oh my god, check math before you talk this FUD nonsence.

At worst, with every block filled to 2 MB, blockchain can grow by maximum 100 GB yearly only. So in 2021 the worst case scenario if 2 MB gets implemented today and every block filled in full (wont happen) you would have 0.5 TB Bitcoin blockchain data in 2021. Given how many regular people computers have 1+ TB HDDs even today, your data centers 2021 doomsday FUD scenario is way off Roll Eyes

Try consult with BorgStream more realistic FUD strategies to paralyze Bitcoin...

omg now add in the network bandwidth and the cost and size of ssd's nodes no longer function when running from hdds, and people are not going to mess around trying to download half tb blockchains are they lol sorry if your heavily invested but bitcoin was built to fail im afraid mate, make the most of it while you can i say Wink

2legit2

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It may happen in future, but probably it wont, people are used to normal money, bitcoins are just too new for everyone

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