Topic: Do You Think Bitcoin Will Replace Dollar Soon? - page 189. (Read 417277 times)
I don’t think bitcoin will ever replace dollar or any other fiat currency at least in next few decades. Yes but I believe that bitcoin will have measurable impact on the global economy in next few years and it will become one of the mainstream transaction alternative but I don’t think it will change the things by 100%. There is large number of people who are far away from technology but yet they transact with fiat and they will keep doing it until end.
So now use credit cards and can not carry money and buy for cashless payments. Or to transfer money through the Internet. Of course bitcoin is still very young, but look at how much it will be enough.
not everyone uses a credit card, at least for people who have lots of money, because the interest bill is so high I think. but it will be different with bitcoin, has a low cost, and is also easy to use anytime and anywhere.There are credit cards, and there are debit cards. Just clarifying for those who are not familiar with the latter. And unlike the former, banks often pay interest on the money held on such cards. Needless to say that you cannot go over the balance of such a card (unless you specifically allow overdraft, which is rare since debit cards usually don't permit this)...
And they are perfect for cashless payments
Many banks (and payment systems which are not banks) now allow to issue virtual payment cards which can be created specifically for making purchases online in the case you don't want to use your real card or just don't have one. Some Bitcoin exchanges (like former Bit-X) and wallets (like Coinbase) released their own Bitcoin payment cards, either real (CoinsBank debit card) or virtual (Coinbase Shift card)...
And renamed themselves into "banks" of sorts soon thereafter (e.g. CoinsBank)
We cant stop the progress of bitcoin and also its popularity, day by day bitcoin become popular and for sure it would be well developed and many countries would adopt it in the near future which is a really big advantage to us bitcoin holders.
Many banks (and payment systems which are not banks) now allow to issue virtual payment cards which can be created specifically for making purchases online in the case you don't want to use your real card or just don't have one. Some Bitcoin exchanges (like former Bit-X) and wallets (like Coinbase) released their own Bitcoin payment cards, either real (CoinsBank debit card) or virtual (Coinbase Shift card)...
And renamed themselves into "banks" of sorts soon thereafter (e.g. CoinsBank)
That's good to know at least that would bridge the problem on the difficulty to spend our bitcoins online. With that services, we will surely can spend anytime to buy some stuffs online and that would be very convenient to us.And renamed themselves into "banks" of sorts soon thereafter (e.g. CoinsBank)
If you are interested (or anyone who is interested, for that matter) you can look for more info here and here. It turns out that the Coinbase Shift card is actually a real Visa:
Quote
The first U.S. bitcoin debit card. Connect Coinbase to spend online and offline at over 38 million merchants worldwide [...] The Shift Card works like any debit card today. Connect your existing accounts and spend immediately and directly, everywhere VISA is accepted
So now use credit cards and can not carry money and buy for cashless payments. Or to transfer money through the Internet. Of course bitcoin is still very young, but look at how much it will be enough.
not everyone uses a credit card, at least for people who have lots of money, because the interest bill is so high I think. but it will be different with bitcoin, has a low cost, and is also easy to use anytime and anywhere.There are credit cards, and there are debit cards. Just clarifying for those who are not familiar with the latter. And unlike the former, banks often pay interest on the money held on such cards. Needless to say that you cannot go over the balance of such a card (unless you specifically allow overdraft, which is rare since debit cards usually don't permit this)...
And they are perfect for cashless payments
Many banks (and payment systems which are not banks) now allow to issue virtual payment cards which can be created specifically for making purchases online in the case you don't want to use your real card or just don't have one. Some Bitcoin exchanges (like former Bit-X) and wallets (like Coinbase) released their own Bitcoin payment cards, either real (CoinsBank debit card) or virtual (Coinbase Shift card)...
And renamed themselves into "banks" of sorts soon thereafter (e.g. CoinsBank)
So now use credit cards and can not carry money and buy for cashless payments. Or to transfer money through the Internet. Of course bitcoin is still very young, but look at how much it will be enough.
not everyone uses a credit card, at least for people who have lots of money, because the interest bill is so high I think. but it will be different with bitcoin, has a low cost, and is also easy to use anytime and anywhere.There are credit cards, and there are debit cards. Just clarifying for those who are not familiar with the latter. And unlike the former, banks often pay interest on the money held on such cards. Needless to say that you cannot go over the balance of such a card (unless you specifically allow overdraft, which is rare since debit cards usually don't permit this)...
And they are perfect for cashless payments
Many banks (and payment systems which are not banks) now allow to issue virtual payment cards which can be created specifically for making purchases online in the case you don't want to use your real card or just don't have one. Some Bitcoin exchanges (like former Bit-X) and wallets (like Coinbase) released their own Bitcoin payment cards, either real (CoinsBank debit card) or virtual (Coinbase Shift card)...
And renamed themselves into "banks" of sorts soon thereafter (e.g. CoinsBank)
I don't think bitcoin will replace dollar soon. Bitcoin cannot be used offline and not every place in the world has an Internet connection. Dollar can be exchanged into any fiat in the world, you just need to find a money exchanger.
Maybe after a long time when you can access the internet anywhere in the world and they have finally fixed the transaction speed issues then Bitcoin has the potential to replace dollar.
Maybe after a long time when you can access the internet anywhere in the world and they have finally fixed the transaction speed issues then Bitcoin has the potential to replace dollar.
So now use credit cards and can not carry money and buy for cashless payments. Or to transfer money through the Internet. Of course bitcoin is still very young, but look at how much it will be enough.
not everyone uses a credit card, at least for people who have lots of money, because the interest bill is so high I think. but it will be different with bitcoin, has a low cost, and is also easy to use anytime and anywhere.There are credit cards, and there are debit cards. Just clarifying for those who are not familiar with the latter. And unlike the former, banks often pay interest on the money held on such cards. Needless to say that you cannot go over the balance of such a card (unless you specifically allow overdraft, which is rare since debit cards usually don't permit this)...
And they are perfect for cashless payments
Many banks (and payment systems which are not banks) now allow to issue virtual payment cards which can be created specifically for making purchases online in the case you don't want to use your real card or just don't have one. Some Bitcoin exchanges (like former Bit-X) and wallets (like Coinbase) released their own Bitcoin payment cards, either real (CoinsBank debit card) or virtual (Coinbase Shift card)...
And renamed themselves into "banks" of sorts soon thereafter (e.g. CoinsBank)
No way, no chance we need real currency in order for decentralized currency to work
thats not true, if all people switch to bitcoins we wouldnt need any fiat that we have right now, that would be really great as then banks would disappear over timeBanks will never disappear mate, bitcoin will need strong reason to replace them and I don't see that at a moment and same it goes with dollar too as dollar is too big in compare to bitcoins.
even with this case that most of people dont use cards, still the issue of bitcoin replacing dollar is far from happening. Bitcoin is still very young and need alot of works to do. Bitcoin should gain the trust of the authority and then be adopted by major citizen in this world. Bitcoin shouldn't have people that control or hold majority of the coin because this is one thing that prevent bitcoin to the spotlight.
So now use credit cards and can not carry money and buy for cashless payments. Or to transfer money through the Internet. Of course bitcoin is still very young, but look at how much it will be enough.
not everyone uses a credit card, at least for people who have lots of money, because the interest bill is so high I think. but it will be different with bitcoin, has a low cost, and is also easy to use anytime and anywhere.There are credit cards, and there are debit cards. Just clarifying for those who are not familiar with the latter. And unlike the former, banks often pay interest on the money held on such cards. Needless to say that you cannot go over the balance of such a card (unless you specifically allow overdraft, which is rare since debit cards usually don't permit this)...
And they are perfect for cashless payments
So now use credit cards and can not carry money and buy for cashless payments. Or to transfer money through the Internet. Of course bitcoin is still very young, but look at how much it will be enough.
not everyone uses a credit card, at least for people who have lots of money, because the interest bill is so high I think. but it will be different with bitcoin, has a low cost, and is also easy to use anytime and anywhere.There are credit cards, and there are debit cards. Just clarifying for those who are not familiar with the latter. And unlike the former, banks often pay interest on the money held on such cards. Needless to say that you cannot go over the balance of such a card (unless you specifically allow overdraft, which is rare since debit cards usually don't permit this)...
And they are perfect for cashless payments
No way, no chance we need real currency in order for decentralized currency to work
thats not true, if all people switch to bitcoins we wouldnt need any fiat that we have right now, that would be really great as then banks would disappear over timeBanks will never disappear mate, bitcoin will need strong reason to replace them and I don't see that at a moment and same it goes with dollar too as dollar is too big in compare to bitcoins.
No way, no chance we need real currency in order for decentralized currency to work
thats not true, if all people switch to bitcoins we wouldnt need any fiat that we have right now, that would be really great as then banks would disappear over timeBanks will never disappear mate, bitcoin will need strong reason to replace them and I don't see that at a moment and same it goes with dollar too as dollar is too big in compare to bitcoins.
although bitcoin someday will replace the money, I do not think that it will happen in the near future. takes a long time and a long stage for it. because basically there are still some people who refuse bitcoin in the world. so we had to wait where bitcoin became legal throughout the world and accepted in society before replacing money
I am confident that bitcoin will surely replace with dollar
i dont think bitcoin will replace dollar ,Dollar is currency of global power and it is like a symbol because of i dont think bitcoin will replace dollar.
yes it is true, bitcoin will not be and never replaced any fiat currency, but bitcoin will be an alternative to a digital payments in the future. with easy delivery, done anywhere and anytime at low costs.
i dont think bitcoin will replace dollar ,Dollar is currency of global power and it is like a symbol because of i dont think bitcoin will replace dollar.
imposible because bitcoin only transaction online
only digital curency, is dollar money fiat and accepted goverment all the world
it is possible, people always have their phone so in shops people would be easily able to pay with their phone by using a bitcoin wallet apponly digital curency, is dollar money fiat and accepted goverment all the world
It's possible and easy to send and receive money. But confirmations are the worst disadvantage when it comes to payments. It's going to be hard to replace a currency with Bitcoin. It's not only about the payments but also about the fact that it's .. virtual. Old people are going to have a hard time getting used to it.
Older generation will never prefer to use bitcoin as they will find it risky to use so they will continue to use fiat currency as they are very much comfortable in using it.
imposible because bitcoin only transaction online
only digital curency, is dollar money fiat and accepted goverment all the world
it is possible, people always have their phone so in shops people would be easily able to pay with their phone by using a bitcoin wallet apponly digital curency, is dollar money fiat and accepted goverment all the world
It's possible and easy to send and receive money. But confirmations are the worst disadvantage when it comes to payments. It's going to be hard to replace a currency with Bitcoin. It's not only about the payments but also about the fact that it's .. virtual. Old people are going to have a hard time getting used to it.
imposible because bitcoin only transaction online
only digital curency, is dollar money fiat and accepted goverment all the world
it is possible, people always have their phone so in shops people would be easily able to pay with their phone by using a bitcoin wallet apponly digital curency, is dollar money fiat and accepted goverment all the world
No, dollar is too superior and too strong to beat, dollar has become an international currency and has been standing before the bitcoin born, if bitcoin replace dollar it will ruin the global transaction and cause chaos everywhere, and another reason is dollar is USA fiat, its impossible to change a country fiat
If the US somehow leaves the club of world superpowers, the dollar won't last long thereafter. But the throne is never empty, and the Chinese yuan seems to be the first candidate to fill the void. Yeah, I know this doesn't sound very convincing...
But remember how fast the Soviet Union collapsed
The US way different than Soviet Union. The URSS collapsed fast because the system didn't allow for long term survival. Fiat is built in a way that it seems it can survive various deaths like a zombie if the country is a big power (and US is top power)
I'm not going to argue with this. I can only say that there are a multitude of ways in which a country may disintegrate. And the fact the US is totally different from the USSR just means that it may or will collapse in a different way. That's all there is to it...
The assumption that the US is a top power is irrelevant since top powers collapse due to internal factors
I don't think the US is much of a superpower nowadays. People are starting to wake up and are not in favor of the never ending paper money, look at BRICS or even the agreements between countries to trade using their own currencies. More than that add the fact that there is an ongoing brainwashing in the US making people fight each other for no reason (BLM-induced racism etc). But I have to agree that we will see something different and presumable more violent than the USSR.
Jump to: