Discussion..the development of bitcoin in the future ??

gelinshidong

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Quote from: irianto18 on October 14, 2018, 11:35:40 PM

bitcoin and a number of other digital currencies will one day replace the position of banknotes as a medium of exchange. The reason is that this currency can correct problems that exist in paper currency, and indeed in history, the same thing always happens to new currencies that replace old currencies.

but how do you think Huh

I also think that cryptocurrencies will replace banknotes sooner or later. Because the banknote itself is the biggest bubble in the world, and comparing the cryptocurrency with the banknotes, we will find that many of the attributes of encryption are completely beyond the banknotes. This is the currency of future human needs.

rocketbits

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Quote from: xuv500 on October 17, 2018, 12:46:31 PM

Quote from: h0lybyte on October 17, 2018, 10:39:21 AM

Quote from: irianto18 on October 14, 2018, 11:35:40 PM

bitcoin and a number of other digital currencies will one day replace the position of banknotes as a medium of exchange. The reason is that this currency can correct problems that exist in paper currency, and indeed in history, the same thing always happens to new currencies that replace old currencies.

but how do you think Huh

Exactly, there are many problems in paper/physical currency and governments have implememted limitations by many ways on fiat money.
So, people can clearly point out which currency to prefer for their future use and opt bitcoin as their primary currency and this act will gradually replace paper money

Ofcourse, you are right government will not give green signal for fait currency straight away. Real currency is one which heads the economy and growth of a country also they have to take the responsibility in tough situations. Like when the value goes down. I guess fiat currency will not be replaced as real currency.

Yeah I believe that bitcoin will take over the market in the future. From barter system we reached to cryptocurrency. I don’t know about other cryptos but I am sure about bitcoin that it will be the mainstream and everyone will use bitcoin for his daily needs. We will enjoy cashless world in the future due to blockchian and crypto. Governments will also legalize bitcoin soon.

Saugani

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#BUIDL team to become delegates-validator

It’s needed a long time might someday be achieved. We know the technology bitcoin it’s back-end blockchain and this new tech that still need to was developed.

If the fiat currency will replace I think system speed transactions like TPS need in increase and also against the regulations of the world.

Maybe, in the end this act will gradually replace paper money.
However, among the world's elite is very influential if fiat currencies replaced well a little difficult for it all

aceustere

newbie

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Quote from: 00DKM@ on October 17, 2018, 12:40:07 PM

I believe that the blockchain will be the future of the economy. You can see that the majority of projects are based on micro systems or merely serve the user's own goals. They focus on exploiting the endless potential of blockchain to serve the people in order to be more positive, effective and safe. Any one technology to "for the people". It will respond.

Yeah I agree with you. Blockchain is the new era technology and will bring very new things in our lives. Bitcoin is the future currency of the world and I think that when people use bitcoin as their regular currency all other currencies will be eliminated from the market. Bitcoin will take over the market and it is good because the whole world will use only bitcoin in the markets.

Agutin

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with such volatility, hardly until they replace nothing. The only option is the stable coin. at the same time that Fiat would go into non-existence, you need access to the Internet for everyone anywhere in the world, and the elderly do not need this innovation

suprex333

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I don't think bitcoin will replace fiat, bitcoin and fiat have different functions and both run together and side by side and won't interfere with each other. Bitcoin development is very good so bitcoin has more fantasy value.

Vart4varta

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Hi, I think that you are right, soon cryptocurrency will replace paper money. in some countries this can happen in 5 years, and in some countries 30 years.

Pffrt

sr. member

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Why have you posted it here? Isn't it deserved to be posted on bitcoin discussion? However, I think BTC will be a core currency in near future and there will be no fiat currency but before that, there should be some more changes and development.

Kamote_1102

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For me, the purpose of Bitcoin is not to replace the banknotes of the fiat. It was made to be a digital currency that can be used over the Internet. and in case that Bitcoin will be a daily necessity for the people, it will still have a lot of discussions before it replaces fiat.

baghdatis1990

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Miracle Tele

At the moment, the bitcoin has many things to improve to replace the current paper coins. If bitcoin replaces paper coins or fiat, it will happen in the distant future. At the moment we have to wait and pray that bitcoin will reach at least the price of December 2017.

xuv500

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Quote from: h0lybyte on October 17, 2018, 10:39:21 AM

Quote from: irianto18 on October 14, 2018, 11:35:40 PM

bitcoin and a number of other digital currencies will one day replace the position of banknotes as a medium of exchange. The reason is that this currency can correct problems that exist in paper currency, and indeed in history, the same thing always happens to new currencies that replace old currencies.

but how do you think Huh

Exactly, there are many problems in paper/physical currency and governments have implememted limitations by many ways on fiat money.
So, people can clearly point out which currency to prefer for their future use and opt bitcoin as their primary currency and this act will gradually replace paper money

Ofcourse, you are right government will not give green signal for fait currency straight away. Real currency is one which heads the economy and growth of a country also they have to take the responsibility in tough situations. Like when the value goes down. I guess fiat currency will not be replaced as real currency.

00DKM@

member

Activity: 378

Merit: 10

I believe that the blockchain will be the future of the economy. You can see that the majority of projects are based on micro systems or merely serve the user's own goals. They focus on exploiting the endless potential of blockchain to serve the people in order to be more positive, effective and safe. Any one technology to "for the people". It will respond.

RileyPeterson

newbie

Activity: 30

Merit: 0

I believe we'll see the development of Bitcoin soon. Bitcoin will one day replace the position of banknotes as a medium of exchange. Bitcoin will grow higher soon.

ColemanGentry

newbie

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Banknotes might not be easy to replace with bitcoin. Bitcoin is volatile; the price is not stable. It is yet to be legalised in most of the country. So it might be while to consider bitcoin as a literal currency.

anobtc

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Vietnamese Translator™ https://goo.gl/7inMji

Bitcoin is currently deploying the Lightning network, and I hope it will be successful soon to improve the speed of the transaction. Also I think in the future Bitcoin will become a form of archival property, because of its anonymity and limitation.

Broiler78

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That can happen and can also coexist. All have weaknesses and advantages that cover each other, maybe it would be nice if both of them could go hand in hand. It will be better. The development of bitcoin is indeed fast and some people already know it. Just need the right time.

h0lybyte

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Quote from: irianto18 on October 14, 2018, 11:35:40 PM

bitcoin and a number of other digital currencies will one day replace the position of banknotes as a medium of exchange. The reason is that this currency can correct problems that exist in paper currency, and indeed in history, the same thing always happens to new currencies that replace old currencies.

but how do you think Huh

Exactly, there are many problems in paper/physical currency and governments have implememted limitations by many ways on fiat money.
So, people can clearly point out which currency to prefer for their future use and opt bitcoin as their primary currency and this act will gradually replace paper money

bixorastexante

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And why do you need it? Why don't you like paper money? Of course, replacing it with crypto is a future, but I'm just interested in your positions.

Isuk

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You say that "bitcoin and a number of other digital currencies will one day replace the position of banknotes as a medium of exchange", but I don't think so. A banknote is the banknote and bitcoin is the bitcoin, they walk on their own way and there will not be anything that will replace the banknote or fiat currency.

Marcel555

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Activity: 252

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Bitcoin was not created to replace bank notes or fiat currencies, rather to be an alternative for making transactions. And they can both very well complement each other.

Bitcoin on its own would experience various problems in scalability and would very likely be hijacked by some authority and become partially centralized.

I believe bitcoin needs fiat to thrive.

Topic: Discussion..the development of bitcoin in the future ?? (Read 186 times)