Do You Think Bitcoin Will Replace Dollar Soon? - page 150.

d@nte

hero member

Activity: 490

Merit: 500

Quote from: drakker on February 11, 2017, 10:53:39 AM

Quote from: savioroshan on February 11, 2017, 10:38:28 AM

Really I dont think it will happen. Government is not that dump to accept bitcoin payments. I am sure , definitely in the near future all governments will interfere in the bitcoin usage. Actually bitcoin has got a lot of advantages. In the same time , it has got so many disadvantages too. We all know bitcoin transactions are anonymous. Just imagine if it reaches in the wrong hands and if used for illegal activites . Now governments are not thinking in that way because bitcoins are not that popular.But once when it becomes popular, all governments will definitely find a way to regulate the usage of bitcoins.

If thats the case, bitcoin users will not be anonymous anymore. They will be like fiat that all of its bank members will not be anonymous in terms of transactions. Dollars on the other hand cannot be replace by bitcoins in 15years or so. All countries must accept it first before it will replace dollars. Because if you travel in other countries, your bitcoins will be useless if you can't exchange it to other currencies.

I don't know how a regulation could make Bitcoin less anonymous. The only way for governments to know which people are transacting, would be a situation in which the government itself creates a wallet for each person. The problem is that people could create other wallets, and choose not to use the one that is traceable.

zoelhack

full member

Activity: 165

Merit: 100

There seems to need little long Time Again create bitcoin replace the dollar, because until now the dollar is still the belief of many people as a reference the financial comparison

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: CoinFoxs on February 12, 2017, 04:32:53 AM

They both work together so i think this will not gonna happen in near future, if it will happen then it will take many years because dollar is the currency which is accepted worldwide and most of the countries people know the importance of Dollar and still there are many people or countries which don't have knowledge about the importance of bitcoin. So for me bitcoin will never replace dollar.

The most important thing is that, for the United States Dollar, its value is assured by the US treasury. But for Bitcoin, no agency will assure its value. Therefore the exchange rates are entirely dependent upon the supply/demand equilibrium.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: CoinFoxs on February 12, 2017, 04:32:53 AM

Quote from: szpalata on February 09, 2017, 09:09:57 AM

It just doesn't make sense that Bitcoin will replace the dollar soon because the two are incomparable so the best they can be is to co exist at least for now and maybe in future generations they might think of replacement but it isn't going to be now.

They both work together so i think this will not gonna happen in near future, if it will happen then it will take many years because dollar is the currency which is accepted worldwide and most of the countries people know the importance of Dollar and still there are many people or countries which don't have knowledge about the importance of bitcoin. So for me bitcoin will never replace dollar.

Yrah and we dont even have one currency in our world so how it should change. This will be a big deal for the UN and many will be considered. Peace will be needed for that to happen worldwide. For now, it is still pride for every currency if they are the strongest or not. That is the fight is all about, making each paper money grow strong.

CoinFoxs

copper member

Activity: 1815

Merit: 1004

PredX - AI-Powered Prediction Market

Quote from: szpalata on February 09, 2017, 09:09:57 AM

It just doesn't make sense that Bitcoin will replace the dollar soon because the two are incomparable so the best they can be is to co exist at least for now and maybe in future generations they might think of replacement but it isn't going to be now.

They both work together so i think this will not gonna happen in near future, if it will happen then it will take many years because dollar is the currency which is accepted worldwide and most of the countries people know the importance of Dollar and still there are many people or countries which don't have knowledge about the importance of bitcoin. So for me bitcoin will never replace dollar.

deppil

hero member

Activity: 1008

Merit: 501

Quote from: bncbnc on February 11, 2017, 07:29:22 PM

Quote from: bitllionaire on February 11, 2017, 09:40:46 AM

Quote from: Botnake on February 09, 2017, 09:29:02 PM

Quote from: whizter on February 09, 2017, 06:57:01 PM

Quote from: Erza on February 09, 2017, 11:24:23 AM

Quote from: Lucas* on February 09, 2017, 08:45:15 AM

in this period the price of bitcoin is volatile , and is not fixed , in my opinion Bitcoin can't replace the Dollar at least in this year or in the next five years .it's really hard to replace the first coin in the world , it result many problems in the economy of the world.

May be some big country will adopt this thing and start giving us time to change it to bitcoin. Because everything is now online base so no matter what technology will play a role in the next few years more or may be hundreds years more. We never know about the future, all is depends on our government if they are really into this things or not. We can only wait when the time comes

i i think it is not so easy to change USD totally to bitcoin, because bitcoin is goof for online purpose but i think it cannot provide all the facilities to the people that fiat can, therefore may be they are using bitcoin as fiat for some items but not as a permanent change i think permanent change will still take some more time.

It will not change or replace USD, they will have to co-exist together. Dollar is fiat and fiat is what people have been using, may it online and for offline transaction. Bitcoin is just a tool to make transactions faster but without fiat, its value will be worthless. Thinking of the possibilities to replace USD is not realistic as it will not happen.

yes bitcoin and USD will co work with each other for a long long time. because it is not possible that all the people of the world will start using bitcoin. may be it will take decades. therefore bitcoin is not going to replace USD but those people who know about bitcoin will use both USD and bitcoin . they will use bitcoin for online purpose and will use USD for shopping in local shops.

in fact bitcoin is becoming more and more popular and the use of fiat is now decreasing therefore there are more chances that banks will also start the deposing and withdrawal of bitcoin so therefore we can say that bitcoin and banks will work together.

I do not think it would be that easy, although bitcoin increasingly popular and in use by many people, but the banks also would have to follow the rules of the government, and the government would have banned the use of bitcoin

summer68

sr. member

Activity: 320

Merit: 250

Quote from: Laosai on February 06, 2016, 10:01:03 AM

Quote from: Oscoda on February 06, 2016, 09:45:29 AM

Quote from: Pollak on February 04, 2016, 03:22:38 PM

I do not think that will happen so quickly. Because many people still use the dollar.
And many people and businesses do not even know what Bitcoins. So I guess that's not going to happen so soon.

I think that can happen. I totally agree with you. Many people do not even know what Bitcoins.
Some do not even have a computer. So I do not think that will happen.

Hmm... Most people do have a computer though...

The only true pain point to bitcoin adoption is the number of thing that can be bought with it.

I can't pay my taxes in btc or buy groceries. So I won't be able to replace dollars with btc, even if I want to.

I think bitcoin is now unable to replace the dollar, but can not deny that it will not be the future. Philippines officially recognized bitcoin as payment system, which is a national government recognition of bitcoin, there are other countries in the use of bitcoin as payment currency. More and more countries began to pay attention to bitcoin, there are more and more users began to use bitcoin. One day you may pay taxes or buy groceries with bitcoins.

bncbnc

hero member

Activity: 840

Merit: 500

Quote from: bitllionaire on February 11, 2017, 09:40:46 AM

Quote from: Botnake on February 09, 2017, 09:29:02 PM

Quote from: whizter on February 09, 2017, 06:57:01 PM

Quote from: Erza on February 09, 2017, 11:24:23 AM

Quote from: Lucas* on February 09, 2017, 08:45:15 AM

in this period the price of bitcoin is volatile , and is not fixed , in my opinion Bitcoin can't replace the Dollar at least in this year or in the next five years .it's really hard to replace the first coin in the world , it result many problems in the economy of the world.

May be some big country will adopt this thing and start giving us time to change it to bitcoin. Because everything is now online base so no matter what technology will play a role in the next few years more or may be hundreds years more. We never know about the future, all is depends on our government if they are really into this things or not. We can only wait when the time comes

i i think it is not so easy to change USD totally to bitcoin, because bitcoin is goof for online purpose but i think it cannot provide all the facilities to the people that fiat can, therefore may be they are using bitcoin as fiat for some items but not as a permanent change i think permanent change will still take some more time.

It will not change or replace USD, they will have to co-exist together. Dollar is fiat and fiat is what people have been using, may it online and for offline transaction. Bitcoin is just a tool to make transactions faster but without fiat, its value will be worthless. Thinking of the possibilities to replace USD is not realistic as it will not happen.

yes bitcoin and USD will co work with each other for a long long time. because it is not possible that all the people of the world will start using bitcoin. may be it will take decades. therefore bitcoin is not going to replace USD but those people who know about bitcoin will use both USD and bitcoin . they will use bitcoin for online purpose and will use USD for shopping in local shops.

in fact bitcoin is becoming more and more popular and the use of fiat is now decreasing therefore there are more chances that banks will also start the deposing and withdrawal of bitcoin so therefore we can say that bitcoin and banks will work together.

drakker

sr. member

Activity: 303

Merit: 250

Quote from: savioroshan on February 11, 2017, 10:38:28 AM

Really I dont think it will happen. Government is not that dump to accept bitcoin payments. I am sure , definitely in the near future all governments will interfere in the bitcoin usage. Actually bitcoin has got a lot of advantages. In the same time , it has got so many disadvantages too. We all know bitcoin transactions are anonymous. Just imagine if it reaches in the wrong hands and if used for illegal activites . Now governments are not thinking in that way because bitcoins are not that popular.But once when it becomes popular, all governments will definitely find a way to regulate the usage of bitcoins.

If thats the case, bitcoin users will not be anonymous anymore. They will be like fiat that all of its bank members will not be anonymous in terms of transactions. Dollars on the other hand cannot be replace by bitcoins in 15years or so. All countries must accept it first before it will replace dollars. Because if you travel in other countries, your bitcoins will be useless if you can't exchange it to other currencies.

savioroshan

hero member

Activity: 770

Merit: 500

Really I dont think it will happen. Government is not that dump to accept bitcoin payments. I am sure , definitely in the near future all governments will interfere in the bitcoin usage. Actually bitcoin has got a lot of advantages. In the same time , it has got so many disadvantages too. We all know bitcoin transactions are anonymous. Just imagine if it reaches in the wrong hands and if used for illegal activites . Now governments are not thinking in that way because bitcoins are not that popular.But once when it becomes popular, all governments will definitely find a way to regulate the usage of bitcoins.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: FLoving on February 11, 2017, 05:54:20 AM

Quote from: drnash85 on February 08, 2017, 03:48:05 AM

Here is the Slogan:

Bitcoin - accepted anywhere email is accepted. Wink

Que Music

That is great slogan for the bitcoin. It is already accepted all over the world but it not up to people that those who connect to internet will be able to connect t bitcoin technology and will be able to be the part of bitcoin community and will be benefited with it.

You got that on point dude. Email and bitcpin pretty much cater to the same requirements and pretty much anyone who has access to one should have access to both. Although i dont think it would ever be possible for any cryptocurrency to replace the dollar or any other real currencu at that. Very unlikely now and even in the future

bitllionaire

legendary

Activity: 1120

Merit: 1000

Quote from: Botnake on February 09, 2017, 09:29:02 PM

Quote from: whizter on February 09, 2017, 06:57:01 PM

Quote from: Erza on February 09, 2017, 11:24:23 AM

Quote from: Lucas* on February 09, 2017, 08:45:15 AM

in this period the price of bitcoin is volatile , and is not fixed , in my opinion Bitcoin can't replace the Dollar at least in this year or in the next five years .it's really hard to replace the first coin in the world , it result many problems in the economy of the world.

May be some big country will adopt this thing and start giving us time to change it to bitcoin. Because everything is now online base so no matter what technology will play a role in the next few years more or may be hundreds years more. We never know about the future, all is depends on our government if they are really into this things or not. We can only wait when the time comes

i i think it is not so easy to change USD totally to bitcoin, because bitcoin is goof for online purpose but i think it cannot provide all the facilities to the people that fiat can, therefore may be they are using bitcoin as fiat for some items but not as a permanent change i think permanent change will still take some more time.

It will not change or replace USD, they will have to co-exist together. Dollar is fiat and fiat is what people have been using, may it online and for offline transaction. Bitcoin is just a tool to make transactions faster but without fiat, its value will be worthless. Thinking of the possibilities to replace USD is not realistic as it will not happen.

yes bitcoin and USD will co work with each other for a long long time. because it is not possible that all the people of the world will start using bitcoin. may be it will take decades. therefore bitcoin is not going to replace USD but those people who know about bitcoin will use both USD and bitcoin . they will use bitcoin for online purpose and will use USD for shopping in local shops.

FLoving

hero member

Activity: 1022

Merit: 521

Quote from: drnash85 on February 08, 2017, 03:48:05 AM

Here is the Slogan:

Bitcoin - accepted anywhere email is accepted. Wink

Que Music

That is great slogan for the bitcoin. It is already accepted all over the world but it not up to people that those who connect to internet will be able to connect t bitcoin technology and will be able to be the part of bitcoin community and will be benefited with it.

legendbtc

hero member

Activity: 1288

Merit: 508

Leading Crypto Sports Betting & Casino Platform

Quote from: Superways on February 09, 2017, 09:22:19 AM

Quote from: btcdiggingmaster on February 08, 2017, 03:39:05 AM

It is possible only when government supports virtual currency, right now power currency is most power because it is ruined by the government and paper currency is controlled by government. There are many illegal activities going on around in online with virtual currency, so bitcoin cannot replace dollar.

But if you research then you will find the most illegal activities are done by fiat currency especially with dollar and bitcoin is not used that much for any illegal activities. Mostly educated people are involved in bitcoin and these educated people prefer the peace and prosperity in the world. They only want to do legal activities with their fiat.

Exactly only people are propagating this news about illegal activities are possible with bitcoin. But mainly bitcoin will understand to people who have good knowledge about computing technology, so these people will use bitcoin wisely for their needs. I hope when compared to bitcoin, fiat currency illegal activities have been dramatically increased year after year.

ged00u

hero member

Activity: 770

Merit: 500

Quote from: hurain on February 10, 2017, 11:58:11 PM

Quote from: Rinder on February 10, 2017, 11:48:20 AM

Even knowing we already use fiat currencies online, looking their are already digital, im pretty sure bitcoin hasnt any opportunity to replace them, sure some currencies are very weak and changing into bitcoin could really be amazing, but it would be a deep change and people might not like those. I remember some months ago someone saying that bitcoin could be the solution to Greece, but it isnt , all countries need to manage better their currencie and coin.

currently governments are supporting their currencies but in future i when the number of bitcoin users will increase and they will reject their fiat to use any more and will totally depend on online if they have the facilities. then government must start thinking about, and the they will have only two possibilities that either they will accept bitcoin or they will facilitate their users by providing them their own online currency.

That is correct. They will surely depend on the internet and also the blockchain. However, the possibility that they will use Bitcoin is unlikely to happen. Bitcoin is decentralized and helps the people to hide their Identity. Therefore, if the government accept Bitcoin, they can not control the people either their money, which can not be accepted by a government. Therefore, it is obvious that they will create the currency which based on the blockchain and only the government can control it to reject the existence of bitcoin

hurain

sr. member

Activity: 462

Merit: 250

Quote from: Rinder on February 10, 2017, 11:48:20 AM

Even knowing we already use fiat currencies online, looking their are already digital, im pretty sure bitcoin hasnt any opportunity to replace them, sure some currencies are very weak and changing into bitcoin could really be amazing, but it would be a deep change and people might not like those. I remember some months ago someone saying that bitcoin could be the solution to Greece, but it isnt , all countries need to manage better their currencie and coin.

currently governments are supporting their currencies but in future i when the number of bitcoin users will increase and they will reject their fiat to use any more and will totally depend on online if they have the facilities. then government must start thinking about, and the they will have only two possibilities that either they will accept bitcoin or they will facilitate their users by providing them their own online currency.

amii1998

full member

Activity: 222

Merit: 250

Quote from: Huobi-USD on July 29, 2015, 02:13:36 AM

Coinbase CEO believes bitcoin will replace dollar within 15 years.

Read the following news:
http://cointelegraph.com/news/114983/coinbase-ceo-bitcoin-will-replace-dollar-within-15-years

Do you think it will be true? Are you positive towards bitcoin's future status?

Economic integration in the world today, there should be the logical world currency, in the currency of a country as a world currency, which is not fair, or misfortunes. Although some people do not want to hear this, but if no one consciously to design it, like all the needs of the product, like being randomly created, similar to the birth of bitcoin. Bitcoin may replace the dollar, but not now.

diegz

hero member

Activity: 798

Merit: 500

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: Rinder on February 10, 2017, 11:48:20 AM

Even knowing we already use fiat currencies online, looking their are already digital, im pretty sure bitcoin hasnt any opportunity to replace them, sure some currencies are very weak and changing into bitcoin could really be amazing, but it would be a deep change and people might not like those. I remember some months ago someone saying that bitcoin could be the solution to Greece, but it isnt , all countries need to manage better their currencie and coin.

Countries, when they need money in their economy, it should be something controllable, so there is not much movement in the value of their money. With bitcoin as a currency, their money will be affected by outside buying and selling and price movement. Therefore, it would affect their economy if they choose bitcoin as their currency.

Rinder

hero member

Activity: 868

Merit: 500

Even knowing we already use fiat currencies online, looking their are already digital, im pretty sure bitcoin hasnt any opportunity to replace them, sure some currencies are very weak and changing into bitcoin could really be amazing, but it would be a deep change and people might not like those. I remember some months ago someone saying that bitcoin could be the solution to Greece, but it isnt , all countries need to manage better their currencie and coin.

choppork

hero member

Activity: 588

Merit: 500

Quote from: Superways on February 09, 2017, 09:22:19 AM

Quote from: btcdiggingmaster on February 08, 2017, 03:39:05 AM

It is possible only when government supports virtual currency, right now power currency is most power because it is ruined by the government and paper currency is controlled by government. There are many illegal activities going on around in online with virtual currency, so bitcoin cannot replace dollar.

But if you research then you will find the most illegal activities are done by fiat currency especially with dollar and bitcoin is not used that much for any illegal activities. Mostly educated people are involved in bitcoin and these educated people prefer the peace and prosperity in the world. They only want to do legal activities with their fiat.

If you take a look at it, even more educated people are involved in fiat. The only educated people involved in bitcoins are those that are all about innovations and technology. They wouldn't be the first to put a flag in the bitcoin world if they weren't a techy guy. There are far much more field in the real world. There are educated people in the field of medicine, engineering, science, etc. yet here we are. There's no peace and prosperity in the real world despite the fact that we have a lot of educated people.

It's simply because educated people don't always prefer peace and prosperity in the world. It's the educated ones that are even more greedy and they're the ones that always come up with even more evil ideas.

Topic: Do You Think Bitcoin Will Replace Dollar Soon? - page 150. (Read 417277 times)