What exactly would happen if everyone just dropped the money they were using (USD, the euro, the yen, etc.) and resorted to dealing in bitcoin from here on out?
exactly if bitcoin accepted globally and used by everyone,i think bitcoin will stay as alternate payment beside money,bitcoin will never replace money as main currency,and its need more time since now for bitcoin to accepted globally. 
Topic: Closed (Read 376 times)
today?
many people would be disapointed, for these reasons:
1. retailers, especially grocery stores are not ready to sell baked beans, toilet roll and cigarettes for bitcoin
2. bitcoin is still not noob/granny friendly. too many people would trust things like coinbase to hoard coins, meaning people dont see the true benefit of bitcoin.
3. on chain transaction capacity is not ready for the entire world population to use bitcoin for everything.
however
if people convince the retailers in their own neighbourhood to accept bitcoin. they can then become less reliant on banks/fiat.
if people think about what they will use bitcoin for most of the time. and make that process simpler that they dont really need to have a headache teaching a noob/granny.
if all the conversational drama would stop we would not need to waste 2 years just to get some kind of scaling increase on the cards. and a more fluid and easier scaling plan can allow more increases sooner, rather than delays and setbacks.
all in all we are not going to see 7 billion people jump onto bitcoin EVER!
all in all we are not going to see 900million peopl jump onto bitcoin in the next 12 months.
all in all we are not going to see a mass fiat exodus any time soon.
it will be slow growth and, hopefully if we can get the blockstreamers to stop with all the delays. we can have capacity growth that keeps ahead and exceeds the demand. there is no need to mad rush to 100mb block this next decade nor is there any need to deny any scaling for 2 years. a natural and progressive balance is needed.
many people would be disapointed, for these reasons:
1. retailers, especially grocery stores are not ready to sell baked beans, toilet roll and cigarettes for bitcoin
2. bitcoin is still not noob/granny friendly. too many people would trust things like coinbase to hoard coins, meaning people dont see the true benefit of bitcoin.
3. on chain transaction capacity is not ready for the entire world population to use bitcoin for everything.
however
if people convince the retailers in their own neighbourhood to accept bitcoin. they can then become less reliant on banks/fiat.
if people think about what they will use bitcoin for most of the time. and make that process simpler that they dont really need to have a headache teaching a noob/granny.
if all the conversational drama would stop we would not need to waste 2 years just to get some kind of scaling increase on the cards. and a more fluid and easier scaling plan can allow more increases sooner, rather than delays and setbacks.
all in all we are not going to see 7 billion people jump onto bitcoin EVER!
all in all we are not going to see 900million peopl jump onto bitcoin in the next 12 months.
all in all we are not going to see a mass fiat exodus any time soon.
it will be slow growth and, hopefully if we can get the blockstreamers to stop with all the delays. we can have capacity growth that keeps ahead and exceeds the demand. there is no need to mad rush to 100mb block this next decade nor is there any need to deny any scaling for 2 years. a natural and progressive balance is needed.
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