Do You Think Bitcoin Will Replace Dollar Soon? - page 86.

cryp24x

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Definitely, bitcoin will never replace dollar, event though bitcoin is getting popular there are still factor that will prevent it from replacing dollar. Government would be the first one to oppose it to replace their own currency and second would be banks.

Fuhre

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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?

I do not think so, but nothing is impossible, Bitcoin can replace the dollar in the next 15 years, but it will have a major impact on the world's finances, if bitcoin replaces the dollar could happen

What if there is a crisis in other countries because their currency is very small, While bitcoin that in fact is greater than the dollar?
Do they also have to change their currency with bitcoin?

The_Dark_Knight

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Quote from: Sled on August 19, 2017, 12:56:00 AM

Quote from: The_Dark_Knight on August 18, 2017, 11:14:00 PM

Quote from: gabmen on August 15, 2017, 02:04:25 AM

Quote from: jonggrang on August 14, 2017, 10:52:26 PM

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'm not sure that bitcoin will replace Dollar Soon. the government will verify, analyze & discuss hardly with the parlement before take an important decision. cause it effects to the economy, politic of the country.

Yup. There are factors that run the current fiat market that would greatly be affected if btc takes over. I don't think banks and governments would allow that to happen unless they have full control over btc, which is unlikely to happen.

The bad news for governments is that to take full control of all cryptos is impossible but there is a possibility however small that bitcoin can take over the world economy especially f they keep making as many mistakes as they keep making, if another economic crisis strikes bitcoin is going to gain a lot of adopters.

That chance for bitcoin to take over the world is not high because a lot of governments hated for having a decentralization in their country so if they want to really do something against the cryptocurrencies then they can do it to just have a regulated currency and take a small control out of it.

It does not matter if the possibility of bitcoin taking over the whole economy is one in one trillion the point is that the possibility exists but the possibility of a government taking over all the cryptos is zero, this is why they do not like cryptocurrencies one bit.

cherryganda

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Activity: 728

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this will never happen ...
dollar is the universe money for me ...
tell mee the currency that dont need a dollar to weigh in the world market ? it all depends on it .. america is the most NOT powerful buut corrupt country
though they are the moost influencial iin covering their xhittt

Zinkin

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Activity: 101

Merit: 10

Quote from: nrvasquez on August 18, 2017, 10:47:21 PM

I think it will not happen anytime soon. Maybe 5 to 10 years to come. But if for now it is still impossible, the dollar is still too strong as the dominant currency and many people or almost everyone uses it as a benchmark.

Well, Bitcoin don't need to replace dollar to dominate since they have different perspectives. You see, dollars is centralized and the law of Economics is applied to it. Whilst in Bitcoin it is decentralized, and if we would analyze it, dollars remains dominant in Fiats but Bitcoin is dominant in digital currencies.

Carlsen

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Bitcoin will not replace the dollar, nore any other fiat money.
When you look at bitcoin, I suppose only a very small fraction of the society owns some.
How could such a currency be a replacement for the dollar?
And then you have to consider as well that bitcoin is on the way to become an asset. Moving away from being a currency.
Replacing a currency with an asset, that's not possible in my eyes.

diagla

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Activity: 161

Merit: 100

I highly, highly doubt Bitcoin or any crypto will replace USD and fiat anytime soon, not even in 15 years. There simply isn't enough supply for BTC (only 21 million), people don't like decimals, and people are technologically advanced enough to understand it. BTC might be a good store of value but it certainly won't beat the spending capabilities of the dollar.

lousie9

sr. member

Activity: 1680

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From a price point of view, definitely bitcoin will be superior, but from global volume any bitcoin will never replace it let alone dollars and every real currency is the identity authority of a country. Thus, bitcoin still has to work hard on this, because it is not easy to incorporate decentralization into a world full of centralized systems.

Sled

hero member

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Bitcoin- in bullish time

Quote from: The_Dark_Knight on August 18, 2017, 11:14:00 PM

Quote from: gabmen on August 15, 2017, 02:04:25 AM

Quote from: jonggrang on August 14, 2017, 10:52:26 PM

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'm not sure that bitcoin will replace Dollar Soon. the government will verify, analyze & discuss hardly with the parlement before take an important decision. cause it effects to the economy, politic of the country.

Yup. There are factors that run the current fiat market that would greatly be affected if btc takes over. I don't think banks and governments would allow that to happen unless they have full control over btc, which is unlikely to happen.

The bad news for governments is that to take full control of all cryptos is impossible but there is a possibility however small that bitcoin can take over the world economy especially f they keep making as many mistakes as they keep making, if another economic crisis strikes bitcoin is going to gain a lot of adopters.

That chance for bitcoin to take over the world is not high because a lot of governments hated for having a decentralization in their country so if they want to really do something against the cryptocurrencies then they can do it to just have a regulated currency and take a small control out of it.

The_Dark_Knight

hero member

Activity: 840

Merit: 502

Quote from: gabmen on August 15, 2017, 02:04:25 AM

Quote from: jonggrang on August 14, 2017, 10:52:26 PM

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'm not sure that bitcoin will replace Dollar Soon. the government will verify, analyze & discuss hardly with the parlement before take an important decision. cause it effects to the economy, politic of the country.

Yup. There are factors that run the current fiat market that would greatly be affected if btc takes over. I don't think banks and governments would allow that to happen unless they have full control over btc, which is unlikely to happen.

The bad news for governments is that to take full control of all cryptos is impossible but there is a possibility however small that bitcoin can take over the world economy especially if they keep making as many mistakes as they keep making, if another economic crisis strikes bitcoin is going to gain a lot of adopters.

nrvasquez

hero member

Activity: 966

Merit: 500

I think it will not happen anytime soon. Maybe 5 to 10 years to come. But if for now it is still impossible, the dollar is still too strong as the dominant currency and many people or almost everyone uses it as a benchmark.

Bingooop

newbie

Activity: 54

Merit: 0

Quote from: BitProdigy on July 29, 2015, 02:19:33 AM

I don't think "soon" but I do think after 15 years or so it is a definite possibility. "soon" i guess is a relative term.

Yes I think that this moment will come soon in future as bitcoins are going to be a major currency in all the world and it will take down dollar as well as other famous currency in the world

goldade

full member

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The Standard Protocol - Solving Inflation

15 years is relatively small for Bitcoin to replace Dollar, but ut can happen probably in the next 25-30 years if Bitcoin continues to increase in value. So in my opinion, Yes, Bitcoin can replace dollar

Hagane

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Activity: 37

Merit: 10

Quote from: jonggrang on August 14, 2017, 10:52:26 PM

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'm not sure that bitcoin will replace Dollar Soon. the government will verify, analyze & discuss hardly with the parlement before take an important decision. cause it effects to the economy, politic of the country.

Such a decision would not come from governments, by the simple fact that this would be giving up too much power.
If people want to change society, people need to mobilize themselves

Abiky

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www.Crypto.Games: Multiple coins, multiple games

Quote from: Sled on August 15, 2017, 02:27:58 AM

The government will tax bitcoin in the future for sure because we can see that bitcoin is getting accepted in the different merchants or stores and the government will not allow that if they can't get any benefits from those stores that accept bitcoin and they can get benefit by taxing the profits in value of bitcoin that they got and that is one of the ways which the government can take place to get benefits.

Yeah. That may happen for sure in the future. As Bitcoin is pseudonymous, all of its transactions can be tracked via the use of block explorers. Even though addresses do not carry personally identifiable information, authorities can easily link the transactions towards your own identity.

That way, via the use of specialized sofware, governments may be able to enforce taxes to their citizens and keep track of those which are evading them. While I do not support tax evasion, tracking every citizen may be quite troublesome for anyone who would like to preserve their privacy of their financial information.

Despite everything, Bitcoin is still a good way to take control of your financial freedom, as it provides strong security and faster transactions than centralized payment processors.

Only time will tell what lies for Bitcoin's future from replacing the dollar to becoming a mainstream currency. Just my thoughts. Grin

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: gabmen on August 15, 2017, 02:04:25 AM

Quote from: jonggrang on August 14, 2017, 10:52:26 PM

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'm not sure that bitcoin will replace Dollar Soon. the government will verify, analyze & discuss hardly with the parlement before take an important decision. cause it effects to the economy, politic of the country.

Yup. There are factors that run the current fiat market that would greatly be affected if btc takes over. I don't think banks and governments would allow that to happen unless they have full control over btc, which is unlikely to happen.

The government will tax bitcoin in the future for sure because we can see that bitcoin is getting accepted in the different merchants or stores and the government will not allow that if they can't get any benefits from those stores that accept bitcoin and they can get benefit by taxing the profits in value of bitcoin that they got and that is one of the ways which the government can take place to get benefits.

Viyamore

hero member

Activity: 658

Merit: 500

Quote from: gabmen on August 15, 2017, 02:04:25 AM

Quote from: jonggrang on August 14, 2017, 10:52:26 PM

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'm not sure that bitcoin will replace Dollar Soon. the government will verify, analyze & discuss hardly with the parlement before take an important decision. cause it effects to the economy, politic of the country.

Yup. There are factors that run the current fiat market that would greatly be affected if btc takes over. I don't think banks and governments would allow that to happen unless they have full control over btc, which is unlikely to happen.

But they can make so move to take over with bitcoins ,remember governments will always find their ways to make money even bitcoins is not in their hands like in my country the taxes will be increase but because it is for the own good of our country by using that taxes to improve infrastractures and so on.

gabmen

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Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: jonggrang on August 14, 2017, 10:52:26 PM

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'm not sure that bitcoin will replace Dollar Soon. the government will verify, analyze & discuss hardly with the parlement before take an important decision. cause it effects to the economy, politic of the country.

Yup. There are factors that run the current fiat market that would greatly be affected if btc takes over. I don't think banks and governments would allow that to happen unless they have full control over btc, which is unlikely to happen.

jonggrang

full member

Activity: 224

Merit: 103

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'm not sure that bitcoin will replace Dollar Soon. the government will verify, analyze & discuss hardly with the parlement before take an important decision. cause it effects to the economy, politic of the country.

joganuts

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Activity: 355

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Gric Coin - Redefining Agriculture and Increasing

Quote from: Kprawn on July 29, 2015, 03:30:49 AM

Quote from: Dire on July 29, 2015, 02:28:44 AM

It's not going to happen. More likely, the dollar will replace itself with 'Digital Dollar 2.0' that will somehow "solve" all the traditional dollars problems and make it more convenient for use (but still fiat.)

Coinbase really knows how to wave that banner though.

You have hit the nail on the head my friend. We already see banks in the process of developing, what they call "Private Blockchains" These Private Blockchains is the experimental phase for the "private tokens"

backed by the governments, behind those banks. We can say what we want... If these banks are successfull with their "Private Blockchains"... and it can be scaled to replace fiat, it will be enforced by the

governments. We will see Fiat being replaced by it's digital twin version in the form of "Private Blockchains" How ironic is that... Bitcoin being disrupted by it's own technology.... The Blockchain.

I agree that people seek for more faster and reliable way of transaction. And bank system is one of the best example to see how people look up to set a more faster way of transaction. Bitcoin as a form of crpto-currency it can possibly make transaction more faster and easy compare to fiat that is much tangible and hard to manage in a big amount. So if we are going to see if bitcoin going to replace fiat or the dollar system it has a potential possibility that it may happen in the future. But always look at the development of both sides.

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