Do You Think Bitcoin Will Replace Dollar Soon? - page 163.

Boss CJ

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Quote from: Abiky on July 29, 2015, 08:48:06 AM

I don't think Bitcoin will ever replace the dollar or euro. One of the facts is that it's price is very volatile. But I do think that it will become mainstream one day. Roll Eyes

I strongly agree with you. It's really hard to do that. Bitcoin could just be one of he highest value just like gold but not as fiat, each country won't allow that to replace their respective currency which each country represents.

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Quote from: deppil on December 16, 2016, 11:04:59 PM

Quote from: qiumingsa on December 16, 2016, 10:48:39 PM

I honestly don't think it'll happen, certainly not in 15 years......Perhaps in my lifetime can not see it, it is difficult to predict, who can guess......

I think so, I did not know it would happen or not, but I think for the rest of our lives. in this era, we will not be able to see into the main currency bitcoin, regardless it will happen or not

15 years is not even enough just to replace the usage of dollar in the USA. That's a very impossible thing that the government is going to allow its financial system be destroyed by a decentralized crypto currency unless a government has control for everything they will allow it to happen, for the supply, demand , hoarding and everything.

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Quote from: qiumingsa on December 16, 2016, 10:48:39 PM

I honestly don't think it'll happen, certainly not in 15 years......Perhaps in my lifetime can not see it, it is difficult to predict, who can guess......

I think so, I did not know it would happen or not, but I think for the rest of our lives. in this era, we will not be able to see into the main currency bitcoin, regardless it will happen or not

pawanjain

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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?

I think it will soon but Not much soon , Because Bitcoin is not much popular yet and a big part of population of world don't know about Bitcoin .

qiumingsa

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I honestly don't think it'll happen, certainly not in 15 years......Perhaps in my lifetime can not see it, it is difficult to predict, who can guess......

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Quote from: Yuuto on December 16, 2016, 07:23:39 PM

Quote from: Skarner21 on December 16, 2016, 06:59:53 PM

Quote from: angaper on December 16, 2016, 06:49:54 PM

No, I think that never will happen because the United States will never so easily yield the economic hegemony of the world and will do everything possible to hinder the development and massive adoption of bitcoin.

Its obvious it can not be happen but if government can be attracted into benefits of bitcoin maybe they can be change it but i can not imagine that it can be happen in the future. since bitcoin was made only for alternative payment when bitcoin was start they are just using bitcoin for alternative payment in gambling or if you are in casino its a chips before you can gamble.

I personally don't think that the government will ever endorse the use of bitcoin because it is against fiat. And they need fiat to make a living, the government. It is hard to see a government only collecting taxes and not printing money surviving.

I can see that bitcoin will replace the USD, because the USD is simply outdated and not as global and convenient as BTC.

And no chance it will happen, bitcoin is very small community and you cannot force to make it great without the support of the people, the government is big and they will protect the currency of their country not to be fully replace.

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Quote from: Dmitry.Vastov on December 15, 2016, 08:33:37 PM

Nope. There are some major flaws at bitcoin that can be a reasons cant be replace dollar.
1. It has no physicality. Bitcoin is invisible because it has no physicality unlike dollar
2. Bitcoin is not accepted by some countries. I think there are 32 countries around the world are using bitcoin. The rest is questionable.
3. Bitcoin is decentralize. Which means its against the government. Some countries release their statements they will goin to ban bitcoin. Some of them already did.
4. Bitcoin is volatile. It will crash an entire economy. We saw this in the past few months.

Bitcoin has the potential to overcome those issues that's been quoted by the above mate. When more and more countries go with cashless economy, physical form doesn't matter. Regarding its acceptance, in a short term of around 8years it has reached a lot. So future acceptance will not be a problem. Decentralized currency doesn't mean it's created against government, no central authority makes a control it. I think bitcoin can gain importance as the digital currency of the world rather than replacing dollar and taking its place.

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Quote from: Skarner21 on December 16, 2016, 06:59:53 PM

Quote from: angaper on December 16, 2016, 06:49:54 PM

No, I think that never will happen because the United States will never so easily yield the economic hegemony of the world and will do everything possible to hinder the development and massive adoption of bitcoin.

Its obvious it can not be happen but if government can be attracted into benefits of bitcoin maybe they can be change it but i can not imagine that it can be happen in the future. since bitcoin was made only for alternative payment when bitcoin was start they are just using bitcoin for alternative payment in gambling or if you are in casino its a chips before you can gamble.

I personally don't think that the government will ever endorse the use of bitcoin because it is against fiat. And they need fiat to make a living, the government. It is hard to see a government only collecting taxes and not printing money surviving.

I can see that bitcoin will replace the USD, because the USD is simply outdated and not as global and convenient as BTC.

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Quote from: angaper on December 16, 2016, 06:49:54 PM

No, I think that never will happen because the United States will never so easily yield the economic hegemony of the world and will do everything possible to hinder the development and massive adoption of bitcoin.

Its obvious it can not be happen but if government can be attracted into benefits of bitcoin maybe they can be change it but i can not imagine that it can be happen in the future. since bitcoin was made only for alternative payment when bitcoin was start they are just using bitcoin for alternative payment in gambling or if you are in casino its a chips before you can gamble.

angaper

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No, I think that never will happen because the United States will never so easily yield the economic hegemony of the world and will do everything possible to hinder the development and massive adoption of bitcoin.

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Quote from: Positid on December 13, 2016, 10:36:13 PM

Quote from: Bitcoin0916 on December 13, 2016, 08:25:03 PM

Quote from: Veritas Platform on December 08, 2016, 01:30:45 PM

no, i don't think so, but i think it will "accompany" USD more like now, and it will become more and more popular

Can't imagine if the dollar replaced bitcoin. Not good that we have but quite the mess. I think there may be currency could replace the dollar, because as the main currency for transactions of the world.

The world would not be in order if that happens, there will be chaos everywhere because no one will control us and we cannot be controlled. That's something should not happen now and in the future.

I think even if true freedom is necessary, but I think the control over yourself and others people had to stay there, if fiat missing I'm sure the financial world will be chaotic and shattered

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I think not, it may be a lot of years and we all know that Bitcoin has many major flaws replacing dollar or moner.

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Quote from: noictib on December 15, 2016, 09:36:57 PM

I think it is impossible for Bitcoin to replace doller . Because the value and price of the Bitcoin is in doller and due to doller .
So it is not easy for Bitcoin to remain in the Bitcoin world without doller unit .
We should not forget that everyone in the Bitcoin is only to earn fiat , and no doubt doller is a widely used fiat .

I also believe that Bitcoin can not replace the dollar. And not only the dollar but also any other currency. Bitcoin will always be an alternative currency.

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Quote from: rizkyhiw on December 15, 2016, 06:05:36 PM

Quote from: deisik on December 14, 2016, 04:43:41 AM

What about $0.0000075 for 1 satoshi then?

Doesn't cut it either? But Bitcoin hasn't yet become a global currency, so we don't know how much one satoshi might cost then, right? But would it be just as crazy to have a global currency with a value of 1 dollar per 1 satoshi? And would the dollar itself matter anything at all then at this value of Bitcoin?

The super strong Roman Empire collapsed eventually, so why do you think that the dollar will be immortal?

Yeah that's feckless, and as i said it's doesn't rule out of the possiblity if then bitcoin replaced dollar
I will not surprised, just cannot imagine about it for now
People not yet ready accept bitcoin thoroughly
As time goes by people may will get used to bitcoin and won't be feel strange.

This is entirely psychological

If someone told early Bitcoin adopters, say, in 2009, when Bitcoin was essentially worth nothing (since there was no market for it), that the coin which they had been playing with would cost over 1,000 dollars per unit in some 4 years, that would most likely feel as strange and they wouldn't believe it, either. So, how do you feel about it if someone else tells you that in 2017 Bitcoin will reach, say, 25,000 dollars per coin?

noictib

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I think it is impossible for Bitcoin to replace doller . Because the value and price of the Bitcoin is in doller and due to doller .
So it is not easy for Bitcoin to remain in the Bitcoin world without doller unit .
We should not forget that everyone in the Bitcoin is only to earn fiat , and no doubt doller is a widely used fiat .

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Quote from: Dmitry.Vastov on December 15, 2016, 08:33:37 PM

Nope. There are some major flaws at bitcoin that can be a reasons cant be replace dollar.
1. It has no physicality. Bitcoin is invisible because it has no physicality unlike dollar
2. Bitcoin is not accepted by some countries. I think there are 32 countries around the world are using bitcoin. The rest is questionable.
3. Bitcoin is decentralize. Which means its against the government. Some countries release their statements they will goin to ban bitcoin. Some of them already did.
4. Bitcoin is volatile. It will crash an entire economy. We saw this in the past few months.

It is going to be a total collapse if bitcoin will replace dollar and this is also possible unless Trump's allowed it to happen which is too far to happen because of the given points you have mentioned and Trump wants to make his nation great again. Bitcoin is just going to be as good as second currency and investment to all the people who are using it

It has not happen before and will never happen in the future, the history of the government will not be valued if they prefer to use bitcoin which was created by an anonymous person. It's not only the value of money but the memories especially the heroes of the country, it's very valuable to them.

The government will always want things to be in proper, bitcoin cannot do that for the reason that we are anonymous and we cannot check transactions legitimacy in compliance of the existing laws.

Dmitry.Vastov

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Nope. There are some major flaws at bitcoin that can be a reasons cant be replace dollar.
1. It has no physicality. Bitcoin is invisible because it has no physicality unlike dollar
2. Bitcoin is not accepted by some countries. I think there are 32 countries around the world are using bitcoin. The rest is questionable.
3. Bitcoin is decentralize. Which means its against the government. Some countries release their statements they will goin to ban bitcoin. Some of them already did.
4. Bitcoin is volatile. It will crash an entire economy. We saw this in the past few months.

rizkyhiw

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Quote from: deisik on December 14, 2016, 04:43:41 AM

Quote from: rizkyhiw on December 13, 2016, 07:26:05 PM

Quote from: DRaGoN RaNTaRo on December 13, 2016, 05:23:09 PM

Quote from: Dr.Osh on December 12, 2016, 11:17:36 AM

Quote from: Veritas Platform on December 08, 2016, 01:30:45 PM

no, i don't think so, but i think it will "accompany" USD more like now, and it will become more and more popular

Well, although bitcoin very special on the internet, but I also do not believe that bitcoin could replace one of the world's currencies, especially the dollar. Well, bitcoin can be compared with gold, but with the dollar. it is because bitcoin has a very high price. so, I feel that bitcoin only be a viable alternative.

yes it is infact a digital alternative to fiat currency.Bitcoin will not replace any currencies in the world and it is not meant to replace anything.But the valuation is the most important thing and with the current price we cannot even compare the two.

it's just crazy to have a global currency with value over $750 per 1 bitcoin
the situation if then bitcoin replacing dollar looks impossible
i can't avoid that nothing impossible , but on this one i really doubt
it's required hundred years to be able do replacing the super strong currency like dollar.

What about $0.0000075 for 1 satoshi then?

Doesn't cut it either? But Bitcoin hasn't yet become a global currency, so we don't know how much one satoshi might cost then, right? But would it be just as crazy to have a global currency with a value of 1 dollar per 1 satoshi? And would the dollar itself matter anything at all then at this value of Bitcoin?

The super strong Roman Empire collapsed eventually, so why do you think that the dollar will be immortal?

Yeah that's feckless, and as i said it's doesn't rule out of the possiblity if then bitcoin replaced dollar
I will not surprised, just cannot imagine about it for now
People not yet ready accept bitcoin thoroughly
As time goes by people may will get used to bitcoin and won't be feel strange.

virtualkeybuyer

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Quote from: Positid on December 13, 2016, 10:36:13 PM

Quote from: Bitcoin0916 on December 13, 2016, 08:25:03 PM

Quote from: Veritas Platform on December 08, 2016, 01:30:45 PM

no, i don't think so, but i think it will "accompany" USD more like now, and it will become more and more popular

Can't imagine if the dollar replaced bitcoin. Not good that we have but quite the mess. I think there may be currency could replace the dollar, because as the main currency for transactions of the world.

The world would not be in order if that happens, there will be chaos everywhere because no one will control us and we cannot be controlled. That's something should not happen now and in the future.

The technology of bitcoin is much advanced already and will get more development so in the future the developers will work hard to introduce a feature due to which everyone will accept bitcoin and the government will not have any issue with it and will allow banks to use it.

Sir Paijoe

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It is impossible, bitcoin not yet popular than dollar. While the influence of the dollar is very strong. so, the cast of mind bitcoin will replace dollar.

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