Topic: Do You Think Bitcoin Will Replace Dollar Soon? - page 273. (Read 417357 times)
Because of bitcoin's increasing popularity , my answer will be yes. I can't wait for that time to come.I can't imagine eating on McDonald's and paying them with bitcoins
i dont think so,5 years is not enough for bitcoin in think 
The OP talks about 15 years, not 5 years.
In 15 years time, I guess adoption would have increased substantially. It definitely is possible that BTC would become the reserve currency, given the hatred that people across the world have for the USA.
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 am definitely positive towards bitcoin future and believe that bitcoin is going to stay but to say that it would replace dollar would be an exaggeration.As long as us remains economic and military superpower,dollar will continue to rule the market. 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 think that is impossible
you are talking about dollar not other 1 country used currency
dollar is used by millions if not billions of people in there life not like bitcoin
and dollar is world-wide used
you are talking about dollar not other 1 country used currency
dollar is used by millions if not billions of people in there life not like bitcoin
and dollar is world-wide used
i don`t think so soon but i hope in a few years 
I'm curious. You hope that bitcoin replace dollar in a few years. Why this hope? What do you expect from the bitcoin which dollar don't give you? Or better. What do you except that bitcoin do better than dollar? Can you answer please?
Bitcoin because of it's finite supply and ability to increase it's own value within it's own technological advances. Many thousands of jobs and businesses will be made directly and indirectly based on Bitcoin technology over the next several years worldwide.
No way. This isn't a question for this generation. This would be a better question for a children or grandchildren's generation (depending on your age).
Maybe in 50 years? But who knows how much bloodshed there will be from the collapse and attempts to save the petro-dollar during that timeframe.
Maybe in 50 years? But who knows how much bloodshed there will be from the collapse and attempts to save the petro-dollar during that timeframe.
i think not and it will stay as a digital currency for me
i don`t think so soon but i hope in a few years
i dont think so,5 years is not enough for bitcoin in think
Bitcoin wont replace dollar.
Tv did not replace radio
email did not kill postal service
linux did not kill windows
credit cards did not replace dollar
some will spend dollars using bitcoin
some will store wealth using bitcoin
some will send money abroad using bitcoins
some will tip on the interner using bitcoins
that is all, and if that is only 1% of today's on line transactions volume it will be huge
Tv did not replace radio
email did not kill postal service
linux did not kill windows
credit cards did not replace dollar
some will spend dollars using bitcoin
some will store wealth using bitcoin
some will send money abroad using bitcoins
some will tip on the interner using bitcoins
that is all, and if that is only 1% of today's on line transactions volume it will be huge
At its current state and direction it is heading? I don't think so. Unless the block size debate is resolved once and for all and this issue is put to rest, I don't think it will replace dollar anytime soon. People need confidence, that they can see the coin is reliable and the reputation is very important. I don't think we are progressing on that part.
This is not a giant project with millions of people working on it, despite having a 3.3 billion $ market cap, its only a tiny fraction of people who control it and develop it.
Perhaps if it would be more decentralized then it would attract more people, as atleast keep its promise. Who cares if the protocol is decentralized if its still a few oligarchs who control it.
I think a vast majority of people who really like bitcoin have been attracted to it because it offers privacy and anonymity, something which no currency has to offer. The reason I think bitcoin even exists is because it is a way of how transactions are made anonymously, something which could be harmful too but that's the very reason why bitcoin is used, on a larger scale.
At its current state and direction it is heading? I don't think so. Unless the block size debate is resolved once and for all and this issue is put to rest, I don't think it will replace dollar anytime soon. People need confidence, that they can see the coin is reliable and the reputation is very important. I don't think we are progressing on that part.
This is not a giant project with millions of people working on it, despite having a 3.3 billion $ market cap, its only a tiny fraction of people who control it and develop it.
Perhaps if it would be more decentralized then it would attract more people, as atleast keep its promise. Who cares if the protocol is decentralized if its still a few oligarchs who control it.
At its current state and direction it is heading? I don't think so. Unless the block size debate is resolved once and for all and this issue is put to rest, I don't think it will replace dollar anytime soon. People need confidence, that they can see the coin is reliable and the reputation is very important. I don't think we are progressing on that part.
Yes i belive! In fact I think this could happen sooner than most relize. We have another stock bubble about to pop nobody is really talking about. The Pres. has tried to mitigate the damage but it's coming and I think we will se a HUGE influx in BTC useers.
The bubble is the biggest ponzi in history, the stock market... Baby boomers will begin retiring in 2016 and last I checked you are forced to withdraw a minimum amount of 3.5%. It was 6% but it was changed quickly and quietly. Imagin 3.5% of capital withdrawn from markets every year for the next 20-25 years. OUCH!
The bubble is the biggest ponzi in history, the stock market... Baby boomers will begin retiring in 2016 and last I checked you are forced to withdraw a minimum amount of 3.5%. It was 6% but it was changed quickly and quietly. Imagin 3.5% of capital withdrawn from markets every year for the next 20-25 years. OUCH!
stop with dreaming. bitcoin will never replace the us dollar. current financial system is all about control. with bitcoin they lose their loved control. beside that, they will do everything to save the dollar.
Like what? Borrow another $60trillion? 60TRILLION in UNFUNDED liabilities... The U.S. will end up devaluing their dollar worse then the Chines.
Yes i belive! In fact I think this could happen sooner than most relize. We have another stock bubble about to pop nobody is really talking about. The Pres. has tried to mitigate the damage but it's coming and I think we will se a HUGE influx in BTC useers.
The bubble is the biggest ponzi in history, the stock market... Baby boomers will begin retiring in 2016 and last I checked you are forced to withdraw a minimum amount of 3.5%. It was 6% but it was changed quickly and quietly. Imagin 3.5% of capital withdrawn from markets every year for the next 20-25 years. OUCH!
The bubble is the biggest ponzi in history, the stock market... Baby boomers will begin retiring in 2016 and last I checked you are forced to withdraw a minimum amount of 3.5%. It was 6% but it was changed quickly and quietly. Imagin 3.5% of capital withdrawn from markets every year for the next 20-25 years. OUCH!
stop with dreaming. bitcoin will never replace the us dollar. current financial system is all about control. with bitcoin they lose their loved control. beside that, they will do everything to save the dollar.
Yes i belive! In fact I think this could happen sooner than most relize. We have another stock bubble about to pop nobody is really talking about. The Pres. has tried to mitigate the damage but it's coming and I think we will se a HUGE influx in BTC useers.
The bubble is the biggest ponzi in history, the stock market... Baby boomers will begin retiring in 2016 and last I checked you are forced to withdraw a minimum amount of 3.5%. It was 6% but it was changed quickly and quietly. Imagin 3.5% of capital withdrawn from markets every year for the next 20-25 years. OUCH!
The bubble is the biggest ponzi in history, the stock market... Baby boomers will begin retiring in 2016 and last I checked you are forced to withdraw a minimum amount of 3.5%. It was 6% but it was changed quickly and quietly. Imagin 3.5% of capital withdrawn from markets every year for the next 20-25 years. OUCH!
Bitcoin could replace the dollar in the future if it meets the following requirements: Faster confirmation time, price stability, bigger block size and mass adoption. When all this is accomplished, we could see the day that Bitcoin would replace fiat. Nevertheless, all we can do is wait and see goes well it goes for Bitcoin. Only time will tell.
Soon is relative. In terms of fiat years, soon is probably 15-20 years, then it could happen.
Although I dont think the dollar will vanish completely, bitcoin definitely will need atleast 50 years to become a globally used currency. Big changes like that dont happen overnight guys.
Although I dont think the dollar will vanish completely, bitcoin definitely will need atleast 50 years to become a globally used currency. Big changes like that dont happen overnight guys.
the point is that maybe this will not happen at all, unless a big portion of the population start believing in bitcoin and use the cryptocurrency only, you can simply think that many like paying with fiat
because they know that they are using a form of money that offer a kind of security, and it's backed by the governemnt even if this mean making coins out of thin air
Thats the problem, because if its backed by it, then the backing can be taken anytime, so its only worth because of promise. Now what kind of financial stability is that if your value is only value because somebody else says it?
Sure value is subjective, but we are talking about 1 entity deciding what is valuable and what is not, instead of letting the community and the free market do it.
I can never understand why people are so brainwashedly fanatic about fiat money, it just doesnt excite me anymore.
Soon is relative. In terms of fiat years, soon is probably 15-20 years, then it could happen.
Although I dont think the dollar will vanish completely, bitcoin definitely will need atleast 50 years to become a globally used currency. Big changes like that dont happen overnight guys.
Although I dont think the dollar will vanish completely, bitcoin definitely will need atleast 50 years to become a globally used currency. Big changes like that dont happen overnight guys.
the point is that maybe this will not happen at all, unless a big portion of the population start believing in bitcoin and use the cryptocurrency only, you can simply think that many like paying with fiat
because they know that they are using a form of money that offer a kind of security, and it's backed by the governemnt even if this mean making coins out of thin air
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