If that was the case FIAT would become worthless, its value is solely determined by the users (government, constituents etc).
As long as there is a desire for physical assets (i.e. homes, cars, goods), there will always be a centralized currency given the government can regulate physical assets.
Topic: if bitcoin will become the main coin, what will happen to the money we are using - page 3. (Read 1545 times)
October 07, 2017, 10:12:25 PM
October 07, 2017, 09:40:07 PM
As we know, bitcoin is born earlier than other crypto types, but if bitcoin is the main currency in real life that can replace the paper currency we use so far, I think it is impossible because if it happens, life will be more difficult, especially for malakukan barter tool for buying and selling, because bitcoin can only be used with always connected using the internet network while each country has a very limited internet coverage if done by everyone in the world to make daily payments using bitcoin internet connection world. will get worse and we will feel the hard life.
every bank in every country will switch more using digital assets just to simplify its work because paper currency can not be printed anymore because its function is useless if it happens.
every bank in every country will switch more using digital assets just to simplify its work because paper currency can not be printed anymore because its function is useless if it happens.
October 07, 2017, 09:34:53 PM
There will be always an option to change Your bitcoin for USD or Your Local currency .
If Bitcoin become main Coin its value is going to be increase at great rate and we as an early adopters will get great benefits from that .
If Bitcoin become main Coin its value is going to be increase at great rate and we as an early adopters will get great benefits from that .
October 07, 2017, 09:29:44 PM
It will not be affected to fiat money at all. Bitcoin is already main coin but it will not replace fiat money.
If you are still national citizen of your country, mean you still pay tax by your natiaonal money. So fiat money is still exist.
If you are still national citizen of your country, mean you still pay tax by your natiaonal money. So fiat money is still exist.
October 07, 2017, 09:28:12 PM
i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
Its indeed the main coin right now, and you are actually witnessing that dollar is still a dollar nothing happens to it, its just that bitcoins is Getting stronger in terms of price per dollar or fiats due to demands, its basically indications that people is now getting to realize its purpose.
October 07, 2017, 09:18:29 PM
if main coin that you mean is currency in real world, i think bitcoin cannot replace regular money. because of regulation per region about this currency and its region currency will be crash. im not sure too. that's just my opinion 
The local currencies and cryptocurrencies will coexist because they have both advantages and disadvantages. For example as we see now, cryptocurrency is used like stocks/exchange and many of us earn through this but it is hard to pay bills using cryptocurrency because of its volatility, and the conversion of cryptocurrency to local currency is necessary to do so because it is more stable and accepted within the countries.local money will use to certain country as mode of payment for most of the time
BITCOIN or cryptocurrency will only be alternate if you do not have local money
and to those other crypto will be gone if that will happen
October 07, 2017, 09:15:53 PM
i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
It is quite unparalleled to what might happened in the future but seems it was open for discussion, I would like to add my opinion on this one as I have this ideology to informed the uninformed.
(IF) fiat currency (hard paper money) will be replaced with bitcoin are you willing to shoulder the taxes for it. Because that is the end result of it because the government must produce something for the economy. So don’t asked for this kind of bargain if you will complain in the end.
(IF) fiat currency will be worthless, we can display it in frames and hang them around our house. Or you can even used it privately(you know what I mean/like tissue).
So (IF) this idea is not good to bitcoin users like us, so it is much better that it will remain deCENTRALized for long.
October 07, 2017, 09:09:08 PM
i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
If Bitcoin does suddenly happen to replace them, then the various tokens of value that we currently use will more than likely just fade into obscurity as they get replaced by either digital versions of themselves, if it ever makes it that far, or are simply phased out as the demand for them becomes dramatically reduced. Either way, Bitcoin, at that stage in its life, would be replacing them in a way that would likely mean their death, either over a prolonged period or relatively quickly. 
October 07, 2017, 09:07:41 PM
if main coin that you mean is currency in real world, i think bitcoin cannot replace regular money. because of regulation per region about this currency and its region currency will be crash. im not sure too. that's just my opinion
The local currencies and cryptocurrencies will coexist because they have both advantages and disadvantages. For example as we see now, cryptocurrency is used like stocks/exchange and many of us earn through this but it is hard to pay bills using cryptocurrency because of its volatility, and the conversion of cryptocurrency to local currency is necessary to do so because it is more stable and accepted within the countries. 
October 07, 2017, 09:06:13 PM
i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
You forget that the biggest driver behind fiat money is the government. As long as taxes are due to the government and they have to be paid in fiat, there will be use for your dollars and euros. No government is going to accept that bitcoins are more valuable than the fiat they print; hence the government will continue to accept fiat money at least for taxes and penalties.
October 07, 2017, 09:04:53 PM
i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
I wonder...is this a real question or just the ultimate in the noob showcase? Do you have any idea how the Petro Dollar works and how much global power is at stake to keep it as the global reserve currency? I'm talking war, war, and more war. BAD war.
October 07, 2017, 09:01:11 PM
if main coin that you mean is currency in real world, i think bitcoin cannot replace regular money. because of regulation per region about this currency and its region currency will be crash. im not sure too. that's just my opinion
October 07, 2017, 08:57:11 PM
never be main and replace regular money i think.
but if it happen, bitcoin cant sell again. and we will use bitcoin per 0.00xx every transaction cause bitcoin have limit.
but if it happen, bitcoin cant sell again. and we will use bitcoin per 0.00xx every transaction cause bitcoin have limit.
October 07, 2017, 08:52:21 PM
i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
As far as cryptocurrency is concerned, there is no doubt that Bitcoin is the first and the most known coin of all times...it is currently the King of all Cryptos and all the rest are just considered to be altcoins (even including Ethereum and BCH). Now, maybe you have in mind is the fiat or paper money we are now using...what will happen to the US Dollar if all the people of the whole world would suddenly be using Bitcoin?
Well, to answer that question I am giving you another question: Would that really be possible to happen? And my answer is a big NO. I know that Bitcoin may have a good future as a digital currency but it will never totally replaced the fiat money issued and backed by the state power. They may exist alongside each other peacefully but killing each other fatally may not be on the menu.
We have to understand that for as long as there is a government they need something that they can control with because control is an extension of power. Take away that control and the government may itself irrelevant so would the government relinquish the control it needs via the fiat money. Of course not.
I also believe that rather than make the government the central enemy, it would be good for the Bitcoin movement to make it a little friend on its side by giving in to some regulations and some compromises so it may not suffer the fate of being banned. Please give my regards to China!
Very well said sir, I agreed with you even bitcoin show a potential that it can last for a long period of time. It is not enough to replace the fiat that we are using. Bitcoin is just for the digital currency that help us to earn more.
Although BTC can't replace our money there's nothing to worry because it can still helo to the economy of every country.
October 07, 2017, 08:51:00 PM
if Bitcoin is to become the main coin then the paper money we are using now will become digital currency and will be based off of BTCs value.
Anyway, this is just a kind of speculations towards bitcoin in the future. But then, it is far from reality since bitcoin is not fully establish and embraced by the community unlike fiat currency. And if this is happen in the future, probably fiat money is just like a garbage anymore
October 07, 2017, 08:43:34 PM
Fiat will not die anytime soon, even if Bitcoin reaches mainstream adoption. At worst, it will remain an alternative way to pay. It's worth noting that credit cards and NFC payments were able to decrease fiat use, but not significantly.
Even though bitcoin and other altcoins are getting great in the market but beating fiat money is impossible. Still bitcoin would considered as alternative currency that we can used in other field. Not only because of some limitations that bitcoin have, but because of some areas that don't have internet and don't have chance to get through it. October 07, 2017, 08:39:31 PM
i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
If it happens, Bitcoin will become our international currency that is accepted by differrent nations. Maybe fiat money will not vanished at an instant but I think their values will drop continuosly until it becomes valueless and left Bitcoin as the only existing currency. But I tell you honestly that assuming Bitcoin will become our main coin is very impossible to happen because this will definitely not allow by the government.
October 07, 2017, 08:25:16 PM
i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
in my opinion the possibility that bitcoin will be a digital currency is not possible. because bitcoin is bitcoin, maybe dollars or other currencies can evolve into digital currencies that do not change the country's currency 
October 07, 2017, 07:14:57 PM
i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
it's very hard to imagine if bitcoin is primarily used instead of fiat currency. because it very impossible to a cryptocurrency to beat a fiat in every other way and fiat can be used anytime, anywhere with or without the internet while bitcoin can't be used without internet and also people prefer fiat over bitcoin so, it is impossible to beat fiat. October 07, 2017, 06:58:38 PM
There is a big different between bitcoin and fiat currency, and that is government backed. Fiat currency will stay around for centuries as long as the Country exist, government won't let their currency fade away. Bitcoin meant to be an alternative currency, even though bitcoin still in the early of its development, no one could predict what will happen in the future, whether bitcoin will be the major currency or still be an alternative currency due to some problems of bitcoin transactions.
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