Bitcoin is a digital currency and it's not right to think about what it will ever be able to replace a dollar.
I think its possible for bitcoin to replace dollar but it will take a long period it cant be done soon because mostly people are un aware of bitcoin and mostly countries not legalized bitcoin yet I admit that bitcoin has a future but it will take a long time to replace dollar because dollar is involved in market for thousands of years 
Topic: Do You Think Bitcoin Will Replace Dollar Soon? - page 106. (Read 417275 times)
The government can regulate the usage of bitcoin but not as a currency that will replace their own.
USD is their representation and they can control it, imagine you replace it with something you are not in control, it does not make sense.
USD is their representation and they can control it, imagine you replace it with something you are not in control, it does not make sense.
Yeah. Since Bitcoin is decentralized, they can't control it to their own rules and needs. In contrast, fiat currencies like the USD is under their control being issued by central banks, which makes them centralized and easier to manipulate.
That is why, I believe that in the future fiat currencies would be upgraded to the digital world where each would rely on their own private blockchain secured by the government. That way, countries would have complete transparency over every transaction made by its citizens, and offer services such as: ID issuance, transfer of ownership, among others via an immutable ledger.
Nevertheless, while Bitcoin and other cryptocurrencies won't replace traditional fiat currencies in the future, they will co-exist each other for years to come. By that time, we would be able to exchange any kind of cryptocurrency to fiat or viceversa in a simple and hassle-free way. Just sharing my thoughts.
I really think that there isn't a necessity to replace the dollar itself. I mean, we can certainly have all the currencies working very well, and if people have the right to choose what currency they want to use? Then no problem. What should be gone are governments forbiding their people to adapt Crypto-Currency. And let's face it, dollar is too strong and it will continue leading the world for quite some time.
Absolutely, even if we like to replace dollar but it seems very impossible, dollar has been existing and working well in our current system.Bitcoin is just a small piece of payment system when compared to dollar, the government control this world, they have to do what is beneficial for all
and bitcoin is not.
I don't know if this article is legit or just some destruction in the internet: https://dcebrief.com/new-u-s-law-to-replace-dollar-with-bitcoin/ but in my own opinion, I don;t think bitcoin can replace dollars that easily. Not in 15 years. Too much to do, too much to adjust.
probably not as control over currency, and the use of it requires existence of many financial instruments in this currency that provide deep liquidity. But I think it is possible in theory, I am not sure this would be the best possible solution.
I think the purpose of decentralized digital currency like Bitcoin is to provide much needed competition for the fiat currencies, which will make the whole monetary system a lot more fair.
I think the purpose of decentralized digital currency like Bitcoin is to provide much needed competition for the fiat currencies, which will make the whole monetary system a lot more fair.
I really think that there isn't a necessity to replace the dollar itself. I mean, we can certainly have all the currencies working very well, and if people have the right to choose what currency they want to use? Then no problem. What should be gone are governments forbiding their people to adapt Crypto-Currency. And let's face it, dollar is too strong and it will continue leading the world for quite some time.
Some people already mentioned here that the government is not going to give up on the control they have on Dollar. However, as people use more and more bitcoin, fiat currencies may not be replaced, but considered obsolete by most of the people. The consequences of this are yet to be seen...
If you really check the amount of users that are actively invovled in any form of trade in the virtual world,the number of people involved are really low compared to the amount of fiat currency being used world wide,money is being pumped into bitcoin,which means dollar euro pound what ever may be the currency it being pumped into bitcoin by the investors and they are not doing that thinking that it it obsolete,everyone wants to make profit and so is the reason you see these investments and they are not intended to replace dollar,so hope you understand what i meant. fiat currency and bitcoin currency are both different , bitcoin is a online currency and replacing fiat currency is highly impossible because the circulation of bitcoin is very less and it wont be sufficient to run in the real world.
Some people already mentioned here that the government is not going to give up on the control they have on Dollar. However, as people use more and more bitcoin, fiat currencies may not be replaced, but considered obsolete by most of the people. The consequences of this are yet to be seen...
If you really check the amount of users that are actively invovled in any form of trade in the virtual world,the number of people involved are really low compared to the amount of fiat currency being used world wide,money is being pumped into bitcoin,which means dollar euro pound what ever may be the currency it being pumped into bitcoin by the investors and they are not doing that thinking that it it obsolete,everyone wants to make profit and so is the reason you see these investments and they are not intended to replace dollar,so hope you understand what i meant. fiat currency and bitcoin currency are both different , bitcoin is a online currency and replacing fiat currency is highly impossible because the circulation of bitcoin is very less and it wont be sufficient to run in the real world.
It would be very impossible since I don't think the government would want to lose control on their citizens. Bitcoin can be easily hacked. The government could possibly lose alot of money if they get hacked. But it could happen if the current government of every country is squashed.
The advanced technology is very successful. Anything can happen in the future. So it may be possible that governments make some regulations through which they will be able to handle bitcoin and will be able to maintain the affairs of the state with the bitcoin currency so it is possible that bitcoin will replace dollar soon. i mean just like the sci-fi movies where the story telling us that human will get replaced by machine ,
it's sounds like so scary and i don't want to see it happened ,
better to go for both bitcoin and dollar.
Some people already mentioned here that the government is not going to give up on the control they have on Dollar. However, as people use more and more bitcoin, fiat currencies may not be replaced, but considered obsolete by most of the people. The consequences of this are yet to be seen...
If you really check the amount of users that are actively invovled in any form of trade in the virtual world,the number of people involved are really low compared to the amount of fiat currency being used world wide,money is being pumped into bitcoin,which means dollar euro pound what ever may be the currency it being pumped into bitcoin by the investors and they are not doing that thinking that it it obsolete,everyone wants to make profit and so is the reason you see these investments and they are not intended to replace dollar,so hope you understand what i meant. fiat currency and bitcoin currency are both different , bitcoin is a online currency and replacing fiat currency is highly impossible because the circulation of bitcoin is very less and it wont be sufficient to run in the real world.
Some people already mentioned here that the government is not going to give up on the control they have on Dollar. However, as people use more and more bitcoin, fiat currencies may not be replaced, but considered obsolete by most of the people. The consequences of this are yet to be seen...
If you really check the amount of users that are actively invovled in any form of trade in the virtual world,the number of people involved are really low compared to the amount of fiat currency being used world wide,money is being pumped into bitcoin,which means dollar euro pound what ever may be the currency it being pumped into bitcoin by the investors and they are not doing that thinking that it it obsolete,everyone wants to make profit and so is the reason you see these investments and they are not intended to replace dollar,so hope you understand what i meant.
Some people already mentioned here that the government is not going to give up on the control they have on Dollar. However, as people use more and more bitcoin, fiat currencies may not be replaced, but considered obsolete by most of the people. The consequences of this are yet to be seen...
I don't think...
There is a far distance between Bitcoin and Dollar, in the modern world Everything is being measured by the value of dollars. It is the most acceptable and credible currency in the monetary world. But Bitcoin is a newcomer in the monetary system so it has to go long way to become as popular as dollar...
You are absolutely right its not going to happen in long term because USD is backed by many countries and its currency for trade of world and bitcoin is just digital currency which is used by very limited community without baking by any country There is a far distance between Bitcoin and Dollar, in the modern world Everything is being measured by the value of dollars. It is the most acceptable and credible currency in the monetary world. But Bitcoin is a newcomer in the monetary system so it has to go long way to become as popular as dollar...
Actually it's not that impossible but it will take lots of changes first before we can achieve it and the bankers wont let their fiat currency become worthless and obsolete in the future, so i guess it will accumulate lots of time. I think just having 15 years is not quite enough it will take atleast 30 years but to be able to do that right now bitcoin is currently in beta mode that still has a lot of flaws like some bugs in malleability and bitcoin scaling problem it needs to be resolve first before can progress. Bitcoin has progress a lot recently it has been adopted in various countries and now being used as payment method or safe haven for investors to store lots of money.
As we can see that bitcoin is going up rapidly and the price is also going up and people are getting interest in bitcoin and I think it can hit the dollar but it will take time how much I don’t know but as bitcoin is going forward with progress nothing is impossible for bitcoin but after some significant time. We can see already lots of people around the world people are moving their saving into bitcoins as they are finding bitcoin as one of the biggest a promising future.When we will be having similar trend in upcoming years too then we can expect more people will be adopting and using bitcoin for both investments as well as for currency. When more people will be using bitcoin as currency then dollars will get vanished in no time.
I don't think...
There is a far distance between Bitcoin and Dollar, in the modern world Everything is being measured by the value of dollars. It is the most acceptable and credible currency in the monetary world. But Bitcoin is a newcomer in the monetary system so it has to go long way to become as popular as dollar...
There is a far distance between Bitcoin and Dollar, in the modern world Everything is being measured by the value of dollars. It is the most acceptable and credible currency in the monetary world. But Bitcoin is a newcomer in the monetary system so it has to go long way to become as popular as dollar...
It would be very impossible since I don't think the government would want to lose control on their citizens. Bitcoin can be easily hacked. The government could possibly lose alot of money if they get hacked. But it could happen if the current government of every country is squashed.
The advanced technology is very successful. Anything can happen in the future. So it may be possible that governments make some regulations through which they will be able to handle bitcoin and will be able to maintain the affairs of the state with the bitcoin currency so it is possible that bitcoin will replace dollar soon. USD is their representation and they can control it, imagine you replace it with something you are not in control, it does not make sense.
It would be very impossible since I don't think the government would want to lose control on their citizens. Bitcoin can be easily hacked. The government could possibly lose alot of money if they get hacked. But it could happen if the current government of every country is squashed.
The advanced technology is very successful. Anything can happen in the future. So it may be possible that governments make some regulations through which they will be able to handle bitcoin and will be able to maintain the affairs of the state with the bitcoin currency so it is possible that bitcoin will replace dollar soon. USD is their representation and they can control it, imagine you replace it with something you are not in control, it does not make sense.
It would be very impossible since I don't think the government would want to lose control on their citizens. Bitcoin can be easily hacked. The government could possibly lose alot of money if they get hacked. But it could happen if the current government of every country is squashed.
The advanced technology is very successful. Anything can happen in the future. So it may be possible that governments make some regulations through which they will be able to handle bitcoin and will be able to maintain the affairs of the state with the bitcoin currency so it is possible that bitcoin will replace dollar soon.
It would be very impossible since I don't think the government would want to lose control on their citizens. Bitcoin can be easily hacked. The government could possibly lose alot of money if they get hacked. But it could happen if the current government of every country is squashed.
It wont happen, because dollar has its value on a big arena and still you buy bitcoins also for dollars, dont forget about that. Other thing, that from the business side still goverment and banks need scuh currencies like dolar,euro and etc. They wont be replaced by some internet coin
yes it is not going to happen so soon we have to wait for it for a long time and i think it can only be happen when all the people of the world stop using USD whch is not possible so soon and they start using bitcoin. Jump to: