Do You Think Bitcoin Will Replace Dollar Soon? - page 206.

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Quote from: MingLee on June 05, 2016, 01:42:52 PM

I personally don't think that Bitcoin is going to end up replacing any currency, especially not the US Dollar, within the next 50 years, unless something major and catastrophic happens. Namely a total economic collapse and the end of most "safe havens" for fiat wealth, and a shift within society to a new form of decentralization. None of these things are likely to happen, so it's basically a very definitive "no".

Chances are pretty low... that's why it will never happen.

Also bitcoin transaction are done only by online transaction, just a massive internet lockdown even for a day, it will bring a major big problem in most of the transactions.

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I personally don't think that Bitcoin is going to end up replacing any currency, especially not the US Dollar, within the next 50 years, unless something major and catastrophic happens. Namely a total economic collapse and the end of most "safe havens" for fiat wealth, and a shift within society to a new form of decentralization. None of these things are likely to happen, so it's basically a very definitive "no".

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Quote from: CasioK on June 05, 2016, 10:03:51 AM

You are right but maybe people start using bitcoins more than usd ? I mean like today you want to buy domain then you see its price in dollar, maybe in near future we check price in bitcoin and pay ?

It won't change the output.

Physical transaction still more present than online transaction in terms of stats.

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Bitcoin will replace dollar soon.

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Quote from: crairezx20 on June 05, 2016, 12:34:03 PM

Quote from: Pab on June 05, 2016, 10:34:27 AM

No Us dollar is national currency of USA,any country need to have his own currency,look euro currency ad look what is happening with Greece and Portugal

Yeah your right bitcoin is just a digital currency that you can use only in online transaction you can not use it in offline if internet is gone you cannot use it unlike usd or fiat you can still use it anytime anywhere offline or online.. its still a money..

very precise, and also the use of bitcoin is still limited, usually only for a certain person, and everyone is not likely to use bitcoin, but the dollar can be used by everyone, without restrictions

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Quote from: Pab on June 05, 2016, 10:34:27 AM

No Us dollar is national currency of USA,any country need to have his own currency,look euro currency ad look what is happening with Greece and Portugal

Yeah your right bitcoin is just a digital currency that you can use only in online transaction you can not use it in offline if internet is gone you cannot use it unlike usd or fiat you can still use it anytime anywhere offline or online.. its still a money..

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Quote from: BitcoinPaw on June 04, 2016, 08:48:33 AM

I don't beleive that bitcoin can replace any currency, cause it's nonsense to replece your own currency into uncontorlabe digital money that illegal in many countries.

Bitcoin is not illegal but there is no any low about bitcoin. but being illegal is no matter for bitcoin, as it is an online currency and governments can't handle it and can't stop peoples to use it. bitcoin is being used world wide and getting more popularity.
about replacing dollar I would also say that this is not easy to replace a national currency, bitcoin is good what it is right now, no need to replace or kill USD dollar for bitcoin.

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Quote from: Pab on June 05, 2016, 10:34:27 AM

No Us dollar is national currency of USA,any country need to have his own currency,look euro currency ad look what is happening with Greece and Portugal

yes, that's right, it would be very difficult for bitcoin transaction to replace the tools typical of a major state dollars. I think it will not happen, and may bitcoin will just be an alternative, but the function is more like a credit card, but most likely bitcoin still has a more practical use of the credit card

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No Us dollar is national currency of USA,any country need to have his own currency,look euro currency ad look what is happening with Greece and Portugal

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Quote from: crairezx20 on June 03, 2016, 01:53:31 PM

Quote from: expert4knowledge on June 03, 2016, 01:32:00 PM

Quote from: Fraxinus on June 03, 2016, 08:17:46 AM

It's definitely not an easy question-it all depeneds on how bitcoin goes in the future and if more people start to use it and replace it as a tool for paying in their lives,it's definitely possible,but I have to say I expect people to use both currencies at least for now.

But I consider this question a rather easy question since the bitcoin cannot replace dollar soon definitely and in long term with good probability.

Yeah its impossible to believe that bitcoin will replace dollar. even the price of bitcoin is continues increase day by day.. you can not change or replace dollar because its our main money.. and bitcoin is just a digital money online..

You are right but maybe people start using bitcoins more than usd ? I mean like today you want to buy domain then you see its price in dollar, maybe in near future we check price in bitcoin and pay ?

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Quote from: harizen on June 04, 2016, 02:56:50 PM

Quote from: rekinthis on June 04, 2016, 08:34:18 AM

well first of all i wouldn't call 15 years soon, because that's pretty a lot of time, and second, i actually think that it will take more than 15 years, maybe 30 or even more to replace dollar

bitcoin is very popular now, that is true, not not popular enough to replace dollar,i think that if it will replace something, then small countries currency at first only, not large ones

Even for 100 years, bitcoin can't replace dollars.

Sometimes a bitcoin believer must have a limitation of it's optimitism

As well as constrain "its" imagination, lol

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Quote from: rekinthis on June 04, 2016, 08:34:18 AM

well first of all i wouldn't call 15 years soon, because that's pretty a lot of time, and second, i actually think that it will take more than 15 years, maybe 30 or even more to replace dollar

bitcoin is very popular now, that is true, not not popular enough to replace dollar,i think that if it will replace something, then small countries currency at first only, not large ones

Even for 100 years, bitcoin can't replace dollars.

Sometimes a bitcoin believer must have a limitation of it's optimitism.

They all looking for a "pre" and not for a "post" effect.

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I don't beleive that bitcoin can replace any currency, cause it's nonsense to replece your own currency into uncontorlabe digital money that illegal in many countries.

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Quote from: Huobi-USD on July 29, 2015, 03:13:36 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?

well first of all i wouldn't call 15 years soon, because that's pretty a lot of time, and second, i actually think that it will take more than 15 years, maybe 30 or even more to replace dollar

bitcoin is very popular now, that is true, not not popular enough to replace dollar,i think that if it will replace something, then small countries currency at first only, not large ones

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Quote from: tabas on June 04, 2016, 04:43:06 AM

Quote from: ning_chang on June 04, 2016, 02:05:11 AM

Bitcoin will never replace USD, USD is the main currency in the world , Its very hard to replace it like that, and bitcoin has a low volume

I agree with you, it will never happen unless the government of USA will create a bill for replacement of bitcoin. But still we don't know what will be the future of bitcoin. I just can see that bitcoin really how a good future awaits.

they will not do such thing, they will create their own currency at best if they want to destroy the dollar, that new currency will replace the dollar and match bitcoin, if bitcoin become too strong for current fiat system

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Quote from: ning_chang on June 04, 2016, 02:05:11 AM

Bitcoin will never replace USD, USD is the main currency in the world , Its very hard to replace it like that, and bitcoin has a low volume

I agree with you, it will never happen unless the government of USA will create a bill for replacement of bitcoin. But still we don't know what will be the future of bitcoin. I just can see that bitcoin really how a good future awaits.

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I think it would be very difficult to do, dollars as conventional money will not be easily replaced simply though up to 15 years to come. I am not pessimistic but it is the reality, we see the people of the world, whether they already know about information technologies and devices? No and it will not be easy to adapt it even though it could be only for some parts of the world people only. Also governance issues that I think most of them are still difficult to accept this

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Im a bitcoin userband enthusiast,i believe on bitcoin and its potential to be a world currenct but bitcoin replacing dollar($) currency.I think this is a big no.Dollar is a currency being managed by the government and bicoin is just managed by rich person and smart developers i think they cannot fight against the government

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Quote from: Huobi-USD on July 29, 2015, 03:13:36 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?

Personally i don't think it will be happened, may be after 20 years ago, it will be possible but now in this time it is impossible. actually i never hear about it for anyone, you are only one person who telling us.

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Quote from: GamingBro on June 03, 2016, 02:52:23 PM

It will not happen soon and it will never happen, cause goverment will not replece their currency on uncontrolable digital currency, it's really nonsens for them.

Well but what if the users start using USD lesser and lesser, government cant push them to use their made currency , or can they ? I think the only way to replace dollar is by user support.

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