Do You Think Bitcoin Will Replace Dollar Soon? - page 266.

Abiky

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Quote from: bitmarket.net on October 30, 2015, 08:10:39 AM

Debit cards have been along for a long time and they have certainly reduced the use of cash, but not fully replaced it.
Even with new innovations, such as Apple Pay, etc., is it likely that cash will dissapear entirely any time soon ?

Could be the same case with bitcoin vs. gold / cash.

Here is how I put it up: First, there was cash, then came the internet. And lastly, there came Apple Pay, Android Pay for later to introduce Bitcoin to the masses. So all I can say is that this is just the very beginning for a successful path for the Bitcoin crypto currency. Just my opinion. Please correct me if I'm wrong.

bitmarket.net

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Debit cards have been along for a long time and they have certainly reduced the use of cash, but not fully replaced it.
Even with new innovations, such as Apple Pay, etc., is it likely that cash will dissapear entirely any time soon ?

Could be the same case with bitcoin vs. gold / cash.

StevenLiang

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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?

Ha.. don't say for a long term prediction if they even cannot know when btc price going down.
All they know just say BTC will..
BTC will..
BTC will..

I'm too bored to hear that.
It's like someone who said someday BTC value can surpass $1,000,000,000,000,000,000 #facepalm

Abiky

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Bitcoin will take a long time to replace fiat currencies such as the US Dollar, but I'm sure that it would replace Gold someday, as it is a good investment right now (price going up) and it is like the "Gold" of crypto.

traderbit

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Maybe the bitcoin will become very popular in the future,
But replacing a very popular fiat currency is really hard.
I believe that both e-currencies will be used online but no replace in the near future.

leex1528

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Quote from: pereira4 on October 29, 2015, 01:14:54 PM

Quote from: quantumgravity on October 28, 2015, 10:59:59 PM

BTC will not ever replace the dollar. I am quite sure that a blockchain based digital currency will be implemented as a global reserve currency. It may be the dollar, or it may be some new international currency. BTC is a proof of concept and an investment vehicle. Altcoins are the R&D department.

Wrong. Bitcoin is Gold 2.0. It will be the "to go" place when goverment issued currencies fail. Goverment issued currencies will never be open source and decentralized. All altcoins are shit. Only projects like Maidsafe and Ethereum are worth anyone's time. Monero is good too until Bitcoin doesn't reach higher levels of anonimity. Other than that.. nope, nothing on the horizon. All of the cool stuff is on Bitcoin. The dollar will fall just like all fiats have fallen before, because they are based upon human decision and not math.

I don't see that happening in our life time. Maybe 150 years from now, so right now on this planet not one person alive will see the fall of the dollar and be replaced by Bitcoin. It might never happen as well.

pereira4

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Quote from: quantumgravity on October 28, 2015, 10:59:59 PM

BTC will not ever replace the dollar. I am quite sure that a blockchain based digital currency will be implemented as a global reserve currency. It may be the dollar, or it may be some new international currency. BTC is a proof of concept and an investment vehicle. Altcoins are the R&D department.

Wrong. Bitcoin is Gold 2.0. It will be the "to go" place when goverment issued currencies fail. Goverment issued currencies will never be open source and decentralized. All altcoins are shit. Only projects like Maidsafe and Ethereum are worth anyone's time. Monero is good too until Bitcoin doesn't reach higher levels of anonimity. Other than that.. nope, nothing on the horizon. All of the cool stuff is on Bitcoin. The dollar will fall just like all fiats have fallen before, because they are based upon human decision and not math.

Shunak

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Quote from: jaysabi on September 30, 2015, 10:49:43 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?

The government will never give up its power to print money, so any chance of Bitcoin becoming an "official" currency is zero. However, if people use bitcoin to transact more than the dollar, that is not something the government can control unless they outlaw bitcoin. However, in order for this even to be possible, you will first need to be able to do everything with bitcoin that you can currently do with cash (and I mean, everything), and my personal opinion is that we are probably not capable of getting to that level of adoption within 15 years.

Yes!
They kick gold for this reason

zimmah

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Quote from: MomoCoin on October 28, 2015, 11:18:21 PM

Not at all, rather, blockchain technology will be adopted and placed into the financial system I think. Its early days but its coming. Didnt ebay file for 2 crypto based currencies recently?

it's worthless if not decentralized.

just like the internet is worthless if not global.

MomoCoin

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Not at all, rather, blockchain technology will be adopted and placed into the financial system I think. Its early days but its coming. Didnt ebay file for 2 crypto based currencies recently?

quantumgravity

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BTC will not ever replace the dollar. I am quite sure that a blockchain based digital currency will be implemented as a global reserve currency. It may be the dollar, or it may be some new international currency. BTC is a proof of concept and an investment vehicle. Altcoins are the R&D department.

zimmah

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Depends on what you call soon.

It probably won't happen this year, it might happen in a decade or two.

Pab

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No dollar is USA national currency,bitcoin is decantrelised,how you can imagine uSA with bitcoin like currency,21 mln internet currency mined by chinise miners mostly
Maybe if will be some apocalypse on the earth it may happen

leex1528

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Quote from: smith coins on October 28, 2015, 11:35:20 AM

I don't think that bitcoin will replace bitcoin.
But bitcoin will be concurrent with dollar and other currencies for online transaction.
Because there are zero of few penny fee in transaction.

I disagree. Maybe in the way off future if Bitcoin survives that long it might be competing with the dollar. Keep in mind there are tons of people in the entire world who have no idea what Bitcoin is. Not to many people don't know about the American dollar.

leex1528

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Quote from: smith coins on October 28, 2015, 11:35:20 AM

I don't think that bitcoin will replace bitcoin.
But bitcoin will be concurrent with dollar and other currencies for online transaction.
Because there are zero of few penny fee in transaction.

I disagree. Maybe in the way off future if Bitcoin survives that long it might be competing with the dollar. Keep in mind there are tons of people in the entire world who have no idea what Bitcoin is. Not to many people don't know about the American dollar.

ridery99

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nope.

smith coins

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I don't think that bitcoin will replace bitcoin.
But bitcoin will be concurrent with dollar and other currencies for online transaction.
Because there are zero of few penny fee in transaction.

bitmarket.net

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I think bitcoin has more chance of replacing gold, although it is not going to happen overnigt, either.

Abiky

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www.Crypto.Games: Multiple coins, multiple games

Bitcoin is now growing in price and as it might not replace the dollar, I could someday as it is a revolutionary way of payment. Block chain is the future and this is just the beginning of a very long journey. Grin

h0w8rd

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No, not anytime soon. hopefully it will go side by side with the dollar

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