Topic: Bitcoin replaces the money? Could happen? - page 76. (Read 86047 times)
trust me it's happening it's a metter of time until all fiat are gone and bitcoin will rule all other altcoins
Not really, because you still calculate the price based on money.
Bitcoin is the future of the money surely it will replace old fiat currency very soon as like it is growing very healthy that is good sign it will be next generation currency.
Can't see Bitcoin replace even the weakest fiat currency. The government there will issue their own digital currency if they do need to replace their old fashion currency. They don't like giving out the control that they so much love. They will come up with something that allows them to still rule their economy.
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?
Guys if you say Bitcoins will replace the money in paper which we touches will never going to happen. Bitcoins is degital! Money ,we can say its same like credit card where a plastic band touches the machine and payments is done . but if we regularly use the transactions in bitcoins then people will like to use it in every transactions in their daily life. 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?
This would happen but it will take a long time as the resources to do something like this are just not available. It would need to happen gradually starting with one country first then another. Step by step an in succession for others to see that it can work. Then I can see other countries following suit an accepting bitcoin as a primary currency.
Yup bro... obviously!!
Nearly my friend has started accepting bitcoin payment...
And so many traders came to there to learn about btc...
So i m sure bitcoin will replace fiat..
Nearly my friend has started accepting bitcoin payment...
And so many traders came to there to learn about btc...
So i m sure bitcoin will replace fiat..
No bitcoin can never replace fiat as the concept of bitcoin and fiat are completely too different things..bitcoins can't be understood by poor people who don't have much Knowledge of Technology and they can't afford to use bitcoins..People prefer cash to buy goods in real life in day to day situations..even though i myself agree bitcoin is great and completely change the aspect of money but still it can never replace cash for above mentioned reasons.
This isn't going to happen.
I and more people will always like to fiat money. Mostly for daily transactions.
So no money will be replaced just staying alive next to each other.
I and more people will always like to fiat money. Mostly for daily transactions.
So no money will be replaced just staying alive next to each other.
Interesting question.
Isn't bitcoin also money in some way, if we can use BTC and money for the same purpose- to buy some product or service?
Question should be different, can virtual money replace real one (on the paper)?
I don't think this will happen in the near future because of our habits and complicate procedures to do this in reality but in long term, who knows?
Isn't bitcoin also money in some way, if we can use BTC and money for the same purpose- to buy some product or service?
Question should be different, can virtual money replace real one (on the paper)?
I don't think this will happen in the near future because of our habits and complicate procedures to do this in reality but in long term, who knows?
Bitcoin is the future of the money surely it will replace old fiat currency very soon as like it is growing very healthy that is good sign it will be next generation currency.
Bitcoin replacing the money? That's an cryptic questions mate.
I suggest you mean fiat? It could be possible but i don't believe we should aim for that. The main focus should be to grow the bitcoin eco-system.
The more transaction by more people the stronger bitcoin as a payment system could be.
I suggest you mean fiat? It could be possible but i don't believe we should aim for that. The main focus should be to grow the bitcoin eco-system.
The more transaction by more people the stronger bitcoin as a payment system could be.
It would take little more time to go to mainstream than it would get widely adoption all around the world so that after this kind of huge adoption it could possible to use directly at any area of the world but we have to wait for this little more.
not so different than making toilet paper, but they decided that the fancy one has a value 
and they still call this real money, when it's the first thing that has less value in the world...
Well, bitcoin from the other hand is just a number stored in the blockchain. I don't see much difference here. Both bitcoin and FIAT have little intrinsic value imo.and they still call this real money, when it's the first thing that has less value in the world...
The difference is that bitcoin value is ultimately determined by what people are willing to trade for - by supply and demand and FIAT economy is centrally controlled.
Bitcoin can't really "replace money" since its a currency thus money.
Furthermore i don't believe Bitcoin will replace others currencies completely.. I think a majority of people using Bitcon is a goal which is big enough
Yes indeed may bitcoin can not replace the money but I think very likely bitcoin can replace credit cards.Furthermore i don't believe Bitcoin will replace others currencies completely.. I think a majority of people using Bitcon is a goal which is big enough
Looks like it could happen
Bitcoin's already money, it's a full and real currency , just not used like fiat till now
But i think the things will change with time and Bitcoin will be used more than fiat in the future
But i think the things will change with time and Bitcoin will be used more than fiat in the future
Bitcoin cannot replace any kind of money used legally in every country and which has the status of the national currency of the given country. For to many reasons. I am giving here two of those. First, a national money must be owned for sure by that country. Cannot be used as a national money or national currency a similar one which is not owned by that country because this, first of all, can put in risk the stability of the economy of that country. Then another reason is that the national money must be centralized in order that can be managed according the monetary policies decided by the Governments in collaboration with the Central Banks (which has as the first duty the managing and the take care of this money).
Yes, current rules are these. But next generation representatives (or maybe voted in direct democracy system) may change any such rules, and ending centralization replacing with more effective free markets might make a lot of sence. And moving to decentralized cryptocurrency system is not possible soon anyway because of technical limitations like bandwich/storage cost - if/once these costs are much lower compared with today situation, only then it makes sence to ask whether people want replace fiat with decentralized cryptocurrency.
bitcoin cannot replace money, but it will be one of the alternative of money, like gold
Bitcoin cannot replace any kind of money used legally in every country and which has the status of the national currency of the given country. For to many reasons. I am giving here two of those. First, a national money must be owned for sure by that country. Cannot be used as a national money or national currency a similar one which is not owned by that country because this, first of all, can put in risk the stability of the economy of that country. Then another reason is that the national money must be centralized in order that can be managed according the monetary policies decided by the Governments in collaboration with the Central Banks (which has as the first duty the managing and the take care of this money).
The dollar is no longer owned by the US government. It is created by the private banks.
The dollar has put the stability of the country at risk imho.
The dollar is no longer centralised, only the debts resulting from reckless lending
The same is true for many other countries. This is why Merkel had to steal from the Greek people in an attempt to shore up the German Douchebank.
The United States dollar is created by the Federal Reserve, which is not owned by the US government. The US government lends dollars from the federal reserve. Is there any other entity creating dollars?
Money creation in progress:
not so different than making toilet paper, but they decided that the fancy one has a value
and they still call this real money, when it's the first thing that has less value in the world...
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. 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. Jump to: