Do You Think Bitcoin Will Replace Dollar Soon? - page 253.

Denker

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Quote from: HarizDB on December 31, 2015, 03:27:32 PM

Personally, I doubt that any digital valuta would, or could, replace the mighty US Dollar - since the implementation of the Bretton Woods system after WW2, the US Dollar has gained more and more 'trust', which led the US Dollar as the most used currency for multinational trade, which it also is today. That's my reasoning on why Bitcoin won't replace the US Dollar in a near future.

The USD is heading south like any other fiat currency on this planet.
More and more are trading with each other without using the green paper.They are ditchind the USD in foreign trading.
Also petrodollar is becoming less and less relevant.

Some older articles I've found quickly.

http://www.huffingtonpost.com/alastair-crooke/petrodollar-us-saudi-policy_b_6245914.html

http://www.forbes.com/sites/energysource/2014/05/29/the-colder-war-and-the-end-of-the-petrodollar/

http://www.zerohedge.com/news/2015-01-14/russia-just-pulled-itself-out-petrodollar

This however doesn't mean the USD will disappear the next decades.
But Bitcoin will hopefully be well known and used beside this shitty paper.

HarizDB

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Personally, I doubt that any digital valuta would, or could, replace the mighty US Dollar - since the implementation of the Bretton Woods system after WW2, the US Dollar has gained more and more 'trust', which led the US Dollar as the most used currency for multinational trade, which it also is today. That's my reasoning on why Bitcoin won't replace the US Dollar in a near future.

Cass LeChat

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cryptoqueen

I don't think Bitcoin will replace it but I think Bitcoin will become more of the standard that fiats have to hold themselves to.

ivanst776

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Quote from: NETFix on December 31, 2015, 11:04:50 AM

I think it has the potential to replace BTC but soon is just a little too much, I think it would be good if it is able to replace USD someday but saying soon is really asking for a huge change very soon.

USD can simple not be replaced by a digital (crypto) currency as there should be changed lots of things.
It can only be a simply additional payment which we want to be seen mostly in every shop.

betohell

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Quote from: Odien on December 30, 2015, 11:15:03 PM

I think it will not replace fiat currency at all because it's still a new concept to people... It needs to be perfected before it can be used in a mass scale.

Thats just my opinion though, you can have your own, of course Wink

Yeah same with my opinion. bitcoin need some updates to be able to replace the dollar. is it possible if bitcoin in the form of paper or coin?
and maybe people just need a stable price of bitcoin

NETFix

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I think it has the potential to replace BTC but soon is just a little too much, I think it would be good if it is able to replace USD someday but saying soon is really asking for a huge change very soon.

callynyan

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I don't think it will until the fiat bubble collapses. And even then there might be better cryptocurrencies than bitcoin.

umaOuma

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Quote from: EdenHazard on December 31, 2015, 03:06:32 AM

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?

i do not believe that bitcoin will replace the dollar within 15 years, it is still too soon, though within 15 years bitcoin will be more popular, but it will not replace the dollar.

Exactly it will take a long time that bitcoin will replace dollar and I don't see this is near future, as I believe that btc can never replace any major currency as still bitcoin is new to many people around and they would surely have more faith in dollar as compared to bitcoins.

EdenHazard

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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?

i do not believe that bitcoin will replace the dollar within 15 years, it is still too soon, though within 15 years bitcoin will be more popular, but it will not replace the dollar.

Odien

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I think it will not replace fiat currency at all because it's still a new concept to people... It needs to be perfected before it can be used in a mass scale.

Thats just my opinion though, you can have your own, of course Wink

Yakamoto

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Quote from: Clint on December 30, 2015, 10:39:10 PM

Coinbase CEO is drunk, bitcoin has been fluctuating so much in the past several years, and USD is very strong right now, there is no way bitcoin can and will replace dollar any time soon.

Not necessarily drunk, more likely promoting his services and attempting to generate more interest in the technology so he can make money off of it. There -technically- isn't anything wrong with that, but it doesn't sound logical to the average person, so it probably isn't the best.

I wouldn't say the USD is very strong, but it is not weak enough to be replaced by a digital currency yet. More things have to happen for the value and position of the USD to be challenged.

Clint

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Coinbase CEO is drunk, bitcoin has been fluctuating so much in the past several years, and USD is very strong right now, there is no way bitcoin can and will replace dollar any time soon.

hexitor

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Not soon... Because the technology is still quite young and we need more adopters.

blackmachinegun

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Quote from: OrangeII on December 30, 2015, 03:43:22 PM

I guess that will not happen, the dollar is also a tool the best deal in the world, it is very difficult to replace bitcoin, because not everyone knows bitcoin, and how to use

over time I think it would be everybody knows about bitcoin everyone will start adopting bitcoin but I dont think it would replace the dollar

yoona

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Live by your own rules

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?

i fully believe that if someone mentions that bitcoin will replace the dollar within 15 years, although it is not wktu the moment, but I also believe bitcoin will develop better and become a world currency.

ajun96

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Quote from: BigBoy89 on December 30, 2015, 11:28:50 AM

Quote from: ajun96 on December 30, 2015, 06:00:55 AM

Quote from: Decoded on December 08, 2015, 05:39:20 PM

As many people have said, bitcoin won't replace the dollar. S country likes to have control over their primary currency, and they can't really take money out of your cold wallet, can they?

It is true, not possible a country to change its currency to foreign currency,
the dollar will remain, impossible for bitcoin to replace the dollar

Yes exactly true no matter how worst Dollar might down but still Bitcoin cannot replace dollars as the local currency any country. Probably a new born country can use Bitcoin as their currency but any established country will not give up their national currency for Bitcoin even though Bitcoin is much much more valuable than dollar and other currencies.

yeah right we can see today, the government's efforts to keep their currencies from bitcoin, namely by banned access to the bitcoin in their country

Dux2K

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Blocklancer - Freelance on the Blockchain

I will happen but maybe in 20-30 years

randy8777

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Quote from: OrangeII on December 30, 2015, 03:43:22 PM

I guess that will not happen, the dollar is also a tool the best deal in the world, it is very difficult to replace bitcoin, because not everyone knows bitcoin, and how to use

even if every one knows bitcoin, then it still won't happen. us dollar is the currency of the world. everything is priced against the us dollar. nothing will replace it the comming 50-100 years.

OrangeII

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I guess that will not happen, the dollar is also a tool the best deal in the world, it is very difficult to replace bitcoin, because not everyone knows bitcoin, and how to use

Epicnicity

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I don't think bitcoin is able to replace the dollar. I do believe that bitcoin can be independent sometime in the future. Where as the bitcoin wouldn't have to rely on the dollar as it is right now.
The dollar has been around for so long and even if the dollar does crashes, the governments won't disband the dollar.

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