Do You Think Bitcoin Will Replace Dollar Soon? - page 269.

Mickeyb

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Move On !!!!!!

Quote from: VirosaGITS on September 27, 2015, 06:38:17 AM

Quote from: BlackPanda on September 27, 2015, 01:46:17 AM

bitcoin will still be a digital currency and the dollar remains the currency in the form of physical / real

I found that pretty funny, since even though i understand the concept, the dollar isint really a physical/real currency anymore. Its just numbers in banks being artificially printed and distributed by the federal bank.

But in the same logic, its not possible for a government to just "print" BTC to their heart's content so it won't be seeing much government adoption in our current "democratic" government.

I just don't see BTC adopted by the governments ever. Bitcoin gives us exactly what governments are afraid the most to give to the people. Transparency and freedom to do with our money as we wish. Also Bitcoin prevents the governments to cheat and print money as they wish.

So Bitcoin doesn't need to get adopted by the governments, Bitcoin needs to get adopted by the people!

VirosaGITS

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Quote from: BlackPanda on September 27, 2015, 01:46:17 AM

bitcoin will still be a digital currency and the dollar remains the currency in the form of physical / real

I found that pretty funny, since even though i understand the concept, the dollar isint really a physical/real currency anymore. Its just numbers in banks being artificially printed and distributed by the federal bank.

But in the same logic, its not possible for a government to just "print" BTC to their heart's content so it won't be seeing much government adoption in our current "democratic" government.

BlackPanda

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bitcoin will still be a digital currency and the dollar remains the currency in the form of physical / real

afriezalie

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Bitcoin is a new system. It's not a FIAT system same as dollar. Basically in trading we need to use physical money, not a cryptocurrency system. I don't think bitcoin can replace dollar in 15 years. Maybe in 15 years later, many merchant accept bitcoin as payment method, but it still can't replace dollar because government won't let it happened because bitcoin is decentralized. I believe if bitcoin used by many countries to import and export activity, bitcoin price will jump and crash in one hour or maybe 15 minutes.

n2004al

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Quote from: apriyani420 on September 26, 2015, 03:24:57 PM

i dont think it will replace the dollar soon though i believe it is possible that after a few years it will be accepted as a national currency by some countries

Maybe I am only a poor pessimist but I think that not only after a few years but never bitcoin will be accepted as a national currency by some country. Maybe and maximum will be recognized, will be accepted and will be used by them but making bitcoin national currency quitting their fiat money never. For the simple reason that no one country can produce bitcoin in accordance with its needs and because people cannot use it in everyday life like the other money. Bitcoin exist only in internet but the people buy mainly (overwhelmingly) out of internet. And it is not possible doing the physical form of coin because bitcoin is an world coin. No one country can own it and can do something only itself without agreements with all the nations of the world. Otherwise will have no value because can not be accepted by the others.

apriyani420

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i dont think it will replace the dollar soon though i believe it is possible that after a few years it will be accepted as a national currency by some countries

wearepoor

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Quote from: MinerHQ on September 23, 2015, 08:14:53 PM

Quote from: CryptBit on September 23, 2015, 11:51:29 AM

Yes but my take on soon is about 100 years.

I really do not know about after 100 years what happens but surely it will not happen for next few 30 to 40 years for sure.

Even I also think that Bitcoin will never replace dollar, there are possibilities that the use of bitcoin will be increased but its hard to replace dollar. Dollars are universally accepted for routine transactions, whereas bitcoins are still struggling to get recognize in many countries and it will take long time to generate the awareness and trust among the people towards bitcoins.

RealBitcoin

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JAYCE DESIGNS - http://bit.ly/1tmgIwK

QE4 is coming folks Cheesy

The FED is bluffing with the rate hike so it can be very soon when bitcoin takes over Cheesy

randy8777

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Quote from: MinerHQ on September 23, 2015, 08:14:53 PM

Quote from: CryptBit on September 23, 2015, 11:51:29 AM

Yes but my take on soon is about 100 years.

I really do not know about after 100 years what happens but surely it will not happen for next few 30 to 40 years for sure.

as long as they don't get to invent another (better) alternative than the current us dollar where they can maintain their control, i can't see the dollar being replaced within at least 20 years.

edric

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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?

No way. I think the dollar is very unsteady and probably in for a crisis of some sort, but bitcoin doesn't seem to be in a position to take over. It would take down the entire fractional reserve banking system that the elite have relied on for the past several hundred years. There is no way they would let that happen. I'm not saying a digital currency is not in the interest of the central banks, but a finite supply? No way. Bitcoin might hold its value and increase, but I can't see central banks adopting it before they try to replace it with their own.

MinerHQ

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Quote from: CryptBit on September 23, 2015, 11:51:29 AM

Yes but my take on soon is about 100 years.

I really do not know about after 100 years what happens but surely it will not happen for next few 30 to 40 years for sure.

futurebit640

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Quote from: Echye on September 23, 2015, 11:45:55 AM

This is kind of impossible, seeing that you can already use $ for purchasing online goods and services, and I see nothing else that BTC can do, except for those addicted to gambling which gamble with BTC since US has banned most of gambling sites.

Yes currently bitcoins are more popular in gambling segment so common people are still not very interested to explore these coins yet.

According to me bitcoins will never ever replace dollar but it is always considered as an alternative currency to buy items online.

BillyBobZorton

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Quote from: ?? on ??

Government won't let it happen, in fact they are trying to control bitcoin.
Maybe bitcoin won't replace dollar soon, but bitcoin might replace other fiat currency soon Roll Eyes

But, bitcoin will replace dollar or other currencies in some aspect such as online payment & black market payment solution

Right now the only fiats I realistically see Bitcoin replacing is the ones that are under dictatorships like Venezuela if their people rise, or maybe Argentina, but I think that's having delusional hopes about people, they are too ignorant on this thing yet to catch up that quick, it may take a decade at least.

CryptBit

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Quote from: ?? on ??

Government won't let it happen, in fact they are trying to control bitcoin.
Maybe bitcoin won't replace dollar soon, but bitcoin might replace other fiat currency soon Roll Eyes

But, bitcoin will replace dollar or other currencies in some aspect such as online payment & black market payment solution

Just like the government wont let drugs and illegals into the country.

CryptBit

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Yes but my take on soon is about 100 years.

Echye

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This is kind of impossible, seeing that you can already use $ for purchasing online goods and services, and I see nothing else that BTC can do, except for those addicted to gambling which gamble with BTC since US has banned most of gambling sites.

Clint

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I believe cryptocurrency the technology would eventually replace money, but I don't know if it will be this soon or if it's going to be bitcoin. There are lots of Altcoins out there that do have the potential to be better than bitcoin.

vrm86

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Governments need means of creation and control of currencies, that Bitcoin does not offer.

IMHO there is one requirement for replacing USD by BTC - complete crash of current economical system.

Do you know "Mr. Robot" TV series? Maybe Bitcoin needs story like this to happen Cheesy

Miss Fortune

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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?

Dollar is very popular currency I mean it is widely used and everyone knows about it and used it it somehow, when Biticoin replace it I think it is possible through time, maybe decades from now we'll use biticoin instead of the dollar. If that happens I know it is not impossible there will be a lot of changes in the future generations.

chennan

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Quote from: AtheistAKASaneBrain on September 20, 2015, 05:25:42 PM

Quote from: Rumichbit on September 20, 2015, 05:10:16 PM

I still believe Bitcoin can replace it like some science fiction series and movies but those seems to be 100 years or more later. For near future (5 - 10 years) it will stay just as it is right now.

Indeed I think unfortunately the fiat scam is so well designed that it can last for a century and we'll be dead before we see the dollar empire fall. Not sure about Euro tho, we'll see.
In the meantime anyway, all those so called gurus like sephan molyneux let alone alex jones will keep making money off people expecting an incoming economic doom. We'll see Bitcoin going to 1 million a coin before we see the dollar fall.

I agree, do you really think the people who are in charge of the fed will go down easily without a fight? The people who pretty much control government(s), media cooperations, and the like? No, we won't see this happen any time soon. There has been decades upon decades of the use of this currency and it won't be going anywhere since the fed pretty much controls everything. Even though the private banks are made up of a small finite set of people... they are a very powerful small finite set of people... people that are indirectly in control of armies.

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