Do You Think Bitcoin Will Replace Dollar Soon? - page 278.

roadbits

legendary

Activity: 1092

Merit: 1000

Quote from: Mickeyb on July 31, 2015, 04:29:14 AM

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?

I don't believe so. Governments will just not let us do this. I think that aiming to replace any currency is bad way to take. We need to soften the banks and governments and persuade them that we can coexist, what will happen after that is up to consumers.

But we are still small and fragile,that's why we can't fight the battles that we can't win. We must pick our battles very smart. Or I am afraid we can get smashed.

Yeah... But a lot of country's are jumping ship from the US dollar as a reserve currency, so I think something's going to happen...
I think that BTC and fiat will complement each other in the future.

alva5763

sr. member

Activity: 451

Merit: 250

On what would the value of bitcoin be based? Like the euro it is a baseless currency with a value dependent on demand.

7bestone7

full member

Activity: 182

Merit: 100

★YoBit.Net★ 200+ Coins Exchange & Dice

i believe that it wont change dollar soon maybe for more 30 years as people usually like to have paper money, and they still with banks and dont want bigger reforms

HarHarHar9965

hero member

Activity: 994

Merit: 1000

Quote from: Denker on July 31, 2015, 03:55:20 AM

No this replacement will not happen that soon. Before that happens we will see Fiat and cryptos exist side by side. Then cash will vanish and only digital cash will exist. People will realize how transparent and controllable they are. Now they will start to realize that Bitcoin might be safer and less transparent and switch over.

I think the existence of crypto currency and fiat currency existing together has already taken place, except the fact that it is not adopted by the masses. The day such obstacles are overcome are when there is more widespread knowledge and education throughout the world. Bitcoin might not be the most complete currency in the world right now, but I bet it will be if bitcoin's growth rate increases and adoption speed accelerates.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

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?

I don't believe so. Governments will just not let us do this. I think that aiming to replace any currency is bad way to take. We need to soften the banks and governments and persuade them that we can coexist, what will happen after that is up to consumers.

But we are still small and fragile,that's why we can't fight the battles that we can't win. We must pick our battles very smart. Or I am afraid we can get smashed.

Denker

legendary

Activity: 1442

Merit: 1016

No this replacement will not happen that soon. Before that happens we will see Fiat and cryptos exist side by side. Then cash will vanish and only digital cash will exist. People will realize how transparent and controllable they are. Now they will start to realize that Bitcoin might be safer and less transparent and switch over.

Miracal

sr. member

Activity: 350

Merit: 250

No, bitcoin will not replace dollar soon That day, if bound to come, will come after a few years as there is more chaos in the economic world and people realize how financial institutions are doing no good, and causing much harm than peace. When people will migrate from such financial institutions to bitcoin, that's when such a debate arises. That's when there will be a tough fight but the verdict just can't be presumed.

greBit

hero member

Activity: 714

Merit: 500

Quote from: Gyfts on July 30, 2015, 10:20:23 PM

I doubt it would take 15 years to replace the dollar with Bitcoin. Not sure how they would come to that conclusion because they seem to assume Bitcoin will still be around and hold it's value in 15 years. Even Satoshi himself said that the value of Bitcoin could be zero in the future, so to make an assumption about the time it would take for the dollar to collapse is a bit ignorant.

Satoshi said that either the value could be a million dollars or zero, nothing is for certain. Right now, there is only speculations which could be formed. If people want bitcoin to grow, they should be prepared for the change and they should practice the change. If people don't make sure that btc is a part of their daily life like dollar is, how do they expect such an economic revolution out of nowhere?

Gyfts

legendary

Activity: 2856

Merit: 1519

I doubt it would take 15 years to replace the dollar with Bitcoin. Not sure how they would come to that conclusion because they seem to assume Bitcoin will still be around and hold it's value in 15 years. Even Satoshi himself said that the value of Bitcoin could be zero in the future, so to make an assumption about the time it would take for the dollar to collapse is a bit ignorant.

Pab

legendary

Activity: 1862

Merit: 1012

How you can imagine,dollar is USA national currency,tell me whatwill be with btc when all 21mln btc will be mined
who will keep blockchain alive

foxbitcoin

sr. member

Activity: 593

Merit: 250

Quote from: Fishbones78 on July 29, 2015, 06:58:55 PM

I think Bitcoin will remain a sort of "secondary" currency for a very long time. The user base (if that's what you want to call it) I think will definitely grow, but to replace the dollar? I think that would be very unlikely, the government handing away their control over currency and some Americans havenever even used the internet before...

I belive the value of bitcoin will go up and the value of other currencies will go down. Both at high speeds. If the governments wait too late they won't be able to afford the attack if their dollars become almost worthless.

Fishbones78

sr. member

Activity: 462

Merit: 250

I think Bitcoin will remain a sort of "secondary" currency for a very long time. The user base (if that's what you want to call it) I think will definitely grow, but to replace the dollar? I think that would be very unlikely, the government handing away their control over currency and some Americans havenever even used the internet before...

wearepoor

hero member

Activity: 784

Merit: 500

Quote from: dodgecharger on July 29, 2015, 10:50:32 AM

Perhaps it could replace all currencies, but since USD is the world reserve, BTC replacing USD is about as far as anyone could dream it would go. but only the future can tell

It is simply impossible that bitcoin can replace any major currency of the world, and that replacing USD is something like watching a dream with open eyes, bitcoin can never be a primary currency and it would be secondary currency for sure no matter what value it is holding.

dodgecharger

hero member

Activity: 1005

Merit: 500

Perhaps it could replace all currencies, but since USD is the world reserve, BTC replacing USD is about as far as anyone could dream it would go. but only the future can tell

bojan92

full member

Activity: 168

Merit: 100

I do not think that the United State of America change their dollar with another currency. But we will see, all we have to do is to wait 15 years and see what will happen. On the other hand, i am sure that Bitcoin will be more and more used as a currency, but it will stay like that like another optional currency.

examplens

legendary

Activity: 3514

Merit: 3585

Crypto Swap Exchange

No way.
To much goods is closely linked for USD. like gold and oil.
it would require serious political and economic changes

Finchy

sr. member

Activity: 315

Merit: 250

It's not going to do it anytime soon or likely even within 15 years, but it could in our lifetime I reckon. I think more economic instability in certain countries and maybe another financial collapse/crisis will happen soon rather than later and that could bring in many new people to bitcoin which could have a snowball effect.

Quote from: randy8777 on July 29, 2015, 03:44:37 AM

absolutely not. there is no point in thinking it ever will replace any major fiat currency. just stop thinking/hoping that it will happen. it will not.

Why will it not? If in the future bitcoin keeps going up and fiat keeps going down which is what happens when they print more of it on a whim people might wise up. Money should grow over time not devalue and bitcoin could solve this and that's what's great about a deflationary currency.

spazzdla

legendary

Activity: 1722

Merit: 1000

Quote from: Abiky on July 29, 2015, 08:48:06 AM

I don't think Bitcoin will ever replace the dollar or euro. One of the facts is that it's price is very volatile. But I do think that it will become mainstream one day. Roll Eyes

It has a user base of like 250k people.. It won't be volatile when it has several billion

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

I don't think Bitcoin will ever replace the dollar or euro. One of the facts is that it's price is very volatile. But I do think that it will become mainstream one day. Roll Eyes

shad_90

newbie

Activity: 56

Merit: 0

Never going to happen. Governments are run by controlling things. If you want to replace dollar with bitcoin, you need to hand over the control of BTC to government. How a country's economy can be based be on such volatile thing.

If you see it from other angle, BTC can replace if every online business starts accepting BTC for transactions. They will still need to convert it to dollar.

Topic: Do You Think Bitcoin Will Replace Dollar Soon? - page 278. (Read 417357 times)