Bitcoin replaces the money? Could happen? - page 71.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

PredX - AI-Powered Prediction Market

Quote from: swogerino on January 27, 2016, 09:24:04 AM

Well, Bitcoin currently IS a form of money, so in that regard you can choose to replace money with it if you have enough goods available to you by using bitcoins.

As for the technicalities, I don't think FIAT will be replaced any time.

bitcoin is indeed one kind of money, but bitcoin just be money in digital form, and I think it took a long time if bitcoin want to replace real money. That may happen when the real money is not important anymore

swogerino

legendary

Activity: 3136

Merit: 1233

Top Crypto Casino

Well, Bitcoin currently IS a form of money, so in that regard you can choose to replace money with it if you have enough goods available to you by using bitcoins.

As for the technicalities, I don't think FIAT will be replaced any time.

praprata

sr. member

Activity: 420

Merit: 250

Quote from: SirChiko on January 12, 2016, 12:27:09 PM

Quote from: Luqman on December 25, 2015, 03:56:11 AM

Quote from: Patatas on December 25, 2015, 03:03:55 AM

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.

That will probably be some next generation of cryptocurrency and not bitcoin..if it had to happen.

I think that will never happen. You must know how big the world is.
It's been so difficult to change the US Dollar and then I does not even talk about Euro.

yoona

sr. member

Activity: 493

Merit: 250

Live by your own rules

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?

no,absolutely not. bitcoin cannot replace money,because bitcoin still counted and compare with money,1 Bitcoin equal $450 and its still happen,and will always happen,people need bitcoin s value,the excatly word is not "replace" maybe "compete" is better word for describe this.

SirChiko

legendary

Activity: 966

Merit: 1000

Quote from: Luqman on December 25, 2015, 03:56:11 AM

Quote from: Patatas on December 25, 2015, 03:03:55 AM

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.

That will probably be some next generation of cryptocurrency and not bitcoin..if it had to happen.

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

Quote from: newcoins1978 on January 12, 2016, 11:24:29 AM

I'm hoping for this to not happen though and hopefully it won't
I like the way bitcoin the way it is today

The problem is that bitcoin is good for people and problematic for authorities. It is silly believe that we will maintain this state in the future.
Government intervention in the bitcoin industry is simply inevitable. There is really high chance that we see a lot more government action against bitcoin, even core protocol is not safe.

Bitcoinbro

sr. member

Activity: 420

Merit: 250

Quote from: praprata on January 12, 2016, 04:44:16 AM

For big country's like England or America I don't think they will just replace there fiat money. I think if there is a little country that not much people live I think is a great Idea to replace the money to bitcoin. For just to try if it will work in your daily life.

I don't think bitcoin can replace money anywhere, unless you own some kind of island in the middle of nowhere

Then yes I can see why that can happen. But not in any country with an actual government.

martinacar

sr. member

Activity: 462

Merit: 250

Quote from: newcoins1978 on January 12, 2016, 11:24:29 AM

Quote from: Snorek on January 12, 2016, 10:13:29 AM

Realistically what can happen is to FIAT replace bitcoin, not the other way around. How? Bitcoin as sovereign digital currency is pain in the ass of centrally controlled national economy.
To compete with it in the future we could see government issued fully digital version of Dollar or Euro, that means of payment will be direct bitcoin competitor and in fact replace or push bitcoin to the margins.

I'm hoping for this to not happen though and hopefully it won't
I like the way bitcoin the way it is today

Yeah bitcoin is just nice also fiat money, because in the bank I have a lot of money in there.
Is not that safe to just make it to bitcoin. Is never safe with it, because you never can tell maybe in 2 years bitcoin will just drop so bad.

newcoins1978

sr. member

Activity: 406

Merit: 250

Quote from: Snorek on January 12, 2016, 10:13:29 AM

Realistically what can happen is to FIAT replace bitcoin, not the other way around. How? Bitcoin as sovereign digital currency is pain in the ass of centrally controlled national economy.
To compete with it in the future we could see government issued fully digital version of Dollar or Euro, that means of payment will be direct bitcoin competitor and in fact replace or push bitcoin to the margins.

I'm hoping for this to not happen though and hopefully it won't
I like the way bitcoin the way it is today

Snorek

legendary

Activity: 1400

Merit: 1001

Realistically what can happen is to FIAT replace bitcoin, not the other way around. How? Bitcoin as sovereign digital currency is pain in the ass of centrally controlled national economy.
To compete with it in the future we could see government issued fully digital version of Dollar or Euro, that means of payment will be direct bitcoin competitor and in fact replace or push bitcoin to the margins.

Altynbekova

sr. member

Activity: 476

Merit: 250

Quote from: Newcoins2020 on January 12, 2016, 09:15:10 AM

The money will not be replaced by bitcoin.
Bitcoin's goal is not to replace it anyway, but to give freedom, speed and control of your money.
I don't see such a thing happen, ever.

That is actually what bitcoins mean to get freedom and the speed for transaction.
Also the control for your money and not the bank and the government.

The nice think with bitcoin that it can go higher.

Newcoins2020

sr. member

Activity: 406

Merit: 250

The money will not be replaced by bitcoin.
Bitcoin's goal is not to replace it anyway, but to give freedom, speed and control of your money.
I don't see such a thing happen, ever.

sishendaoye

sr. member

Activity: 434

Merit: 250

Quote from: kheein on January 10, 2016, 11:02:09 PM

maybe , someday with bitcoin we could buy something . the important thing now hopefully bitcoin currency legalized be recognized throughout the country.

Bitcoin will not replace money. It's just an alternative option of currency made available to us. I don't think it was made to replace anything.

praprata

sr. member

Activity: 420

Merit: 250

For big country's like England or America I don't think they will just replace there fiat money. I think if there is a little country that not much people live I think is a great Idea to replace the money to bitcoin. For just to try if it will work in your daily life.

iv4n

legendary

Activity: 3248

Merit: 1179

In my opinion yes. There is a place for currencies like Bitcoin and ltc etc. I found one nice artical about digital coins and a bit about history of money.
http://thedailyjournalist.com/the-historian/what-is-bitcoin-will-digital-currency-replace-paper-money/
Nice and simple for reading and understaning. And perfect end with quoitation :
"As Benjamin Franklin saw it without continual growth and progress, such words as improvement, achievement, and success have no meaning.”
So digitacl currencies have place in future for sure. And from year to year crypto world is growing.

LuckyYOU

sr. member

Activity: 280

Merit: 250

Quote from: Nahl on January 11, 2016, 04:49:33 AM

i do not thing this is will happen especially in my country because they never admit bitcoin as the new currency and even there are some countries who banned bitcoin in their country so it's very difficult to see Bitcoin replaces the money

This is a valid reason for most countries.
They won't replace fiat with bitcoin, simply because every transaction could be traced
also because they have no control over bitcoin

oHnK

hero member

Activity: 1414

Merit: 574

I think btc replaced the money is so far, because so many people don't know, what is btc and how works it's? But I'm sure btc would be replaced the money in someday. So let's we hope for it someday.

adibe

sr. member

Activity: 406

Merit: 250

For replace the real money, i think it could not happen. bitcoin can't replace the money because bitcoin don't have physical unit like real money and i think it's the real problem.

avw1982

hero member

Activity: 644

Merit: 500

Quote from: Anegg on January 07, 2016, 05:35:04 AM

I don't think that this will ever happen. Bitcoin is just not good enough compared to fiat.

Dude it's better than fiat money. Just it's awesome to tell the truth. I don't know whether it will replace or not but sure with 10 years it will replace the fiat's place. People are not aware of it. Once it done sure bitcoin will be in top

kevin go

full member

Activity: 238

Merit: 100

Quote from: lenoli on January 11, 2016, 07:44:13 AM

Quote from: nerFohanzo on January 11, 2016, 05:22:33 AM

Quote from: lenoli on January 11, 2016, 04:56:18 AM

Quote from: Nahl on January 11, 2016, 04:49:33 AM

i do not thing this is will happen especially in my country because they never admit bitcoin as the new currency and even there are some countries who banned bitcoin in their country so it's very difficult to see Bitcoin replaces the money

if market leader countries will fully accept bitcoins and and there will be many stores or businesses witch will use and accept btc, then any normal country will accept btc. maybe btc cannot replace money fully, but they will be used usually as money

Bitcoin can never replace fiat currency and it will be always secondary currency, even if many countries starts accepting bitcoins as a mode of payment, there are many developing countries which are not aware about the bitcoins, so they will be totally dependent on fiat currency as they are not aware what bitcoin is.

i dont think than bitcoin will be secondary currency always. the number of people who use and accept bitcoins is growing very fast, so i am sure soon btc will be minimum equal to fiat

if the population of people try to put their money in btc and buy a things in it...so money will be replaced right?

Topic: Bitcoin replaces the money? Could happen? - page 71. (Read 86028 times)