do you believe with bitcoin - page 11.

CanIHazBitcoin777

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Quote from: Herbert2020 on September 07, 2015, 07:55:39 AM

Quote from: sponz on September 02, 2015, 09:52:21 PM

do you believe with bitcoin in the future can replace fiat as a number one currency?

it is hard to tell. bitcoin is still in its early stages and is considered practically a toddler.
so bitcoin needs more time to grow and fixed different problems that it is facing then it might be side by side of fiat but never replace it .

Yep bitcoin was am embryo the last years, but it already been born and now its a toddler.

Funny that the news sites already consider it dead when it was still on embryo phase.

Now its a weak toddler, but very well nourished by the community, hopefully grows to be a strong muscular entity

Herbert2020

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Quote from: sponz on September 02, 2015, 09:52:21 PM

do you believe with bitcoin in the future can replace fiat as a number one currency?

it is hard to tell. bitcoin is still in its early stages and is considered practically a toddler.
so bitcoin needs more time to grow and fixed different problems that it is facing then it might be side by side of fiat but never replace it .

ranlo

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Quote from: OBAViJEST on September 06, 2015, 11:17:01 PM

Or fiat will take cues from all of this technology and 'transfer' paper to digital, and continue their scam just like any random crapcoin!

80% of all fiat is already digital only (doesn't exist). It's not a secret -- we are using a fractional banking system. And fiat was using digital money in this fashion long before Bitcoin was even dreamed of, :p.

smith coins

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Quote from: ranlo on September 06, 2015, 05:18:52 PM

-snip-

Bitcoin will take a lot longer because it relies on people understanding how it is secured. People don't know/care how credit cards or banks are, because they're insured and it doesn't matter. Bitcoin is in a completely different boat.

Well at the moment from now 10year looks a bit to far, but yeah it's all about security and the new debit cards make bitcoin very useful.

OBAViJEST

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Or fiat will take cues from all of this technology and 'transfer' paper to digital, and continue their scam just like any random crapcoin!

ranlo

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Activity: 1988

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Quote from: smith coins on September 06, 2015, 04:05:42 PM

Quote from: CanIHazBitcoin777 on September 06, 2015, 03:58:31 PM

Quote from: smith coins on September 06, 2015, 03:47:05 PM

Quote from: CanIHazBitcoin777 on September 06, 2015, 03:40:05 PM

Quote from: smith coins on September 06, 2015, 10:47:46 AM

Quote from: CanIHazBitcoin777 on September 06, 2015, 10:32:20 AM

Quote from: ojeda on September 06, 2015, 07:59:01 AM

No. I dont think it will outright replace it in fact i dont think theres enough of it to completely replace it 21 million spead between everyone in the world never! unless 0.000001 was worth like a million dollars

No the devs can add more decimals if needed, so that is not a problem. Bitcoin can easily replace fiat, but its time has not come yet.

We need to wait 2-3 more years to see some results big!

It's not about decimals also the fiat mostly is traded in cents and not further. But bitcoin has a good future if nothing against bitcoin happens.

Fiat is always needing a much higher decimal bracket because its inflating.

Bitcoin is deflating so it needs more decimal places eventually. After 1 sat= 1 million $, i doubt you will pay 1 million $ for a bread.

It's hard to believe that 1 sat will be 1 million, you make me to save some satoshi Tongue

, but yes it is needed to be more and more decimals but time by time or all in once ?

I think the 8 decimals are ok for the next 10 year, but after that we might need like 16 just to be sure.

Fiat will be worthless soon, so not even 100$ bills will be worth anything when 1 trillion $ bills will be printed.

I think you look so far, like 10 years from now. Like your opinion

i think Fiat recovered itself by e-banking by buying online so the competition with bitcoin will need more and more decades.

Bitcoin will take a lot longer because it relies on people understanding how it is secured. People don't know/care how credit cards or banks are, because they're insured and it doesn't matter. Bitcoin is in a completely different boat.