Topic: if bitcoin will become the main coin, what will happen to the money we are using - page 6. (Read 1545 times)
September 12, 2017, 10:42:46 AM
Of course our money will continue to exist and can be used until whenever, this is because fiat money will continue to be protected by the state through the central bank.
September 12, 2017, 10:05:42 AM
I think they will disappear for ever, like the frank and many other currencies.
And we will keep them as souvenirs or we find them in a museum.
And we will keep them as souvenirs or we find them in a museum.
September 12, 2017, 09:59:08 AM
i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
They will still eligible to community as always, people will try to create more choices so the dollars and other currencies we used nowadays will remain useful to community, of course bitcoin will be used more often than them but they are still be traded for buying and other purposes.
September 12, 2017, 09:18:00 AM
The possibility of Bitcoin replacing fiat in every day trade is almost nil. Taking a simple example of the recent developments in China, it wouldn't be possible to make Bitcoin universal in terms of usage. There are a lot of other concerning issues like carrying out micro-payments without having to shell out much in transaction fees, sometimes the network itself, possibilities of more forks etc.
Thanks for the good laugh! xD
Thanks for the good laugh! xD
September 12, 2017, 09:08:35 AM
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 impossible for bitcoin to replace fiat money which is issued by the government. The fiat money is more important to enrich government and the country. There are many people all over the world who are not familiar to bitcoin and many of them are illiterate where bitcoin is an online base crypto currency. 
September 12, 2017, 08:56:54 AM
i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
old things give their place to the new and better options. that has always been the case of the world. money as we know it today (aka Dollar, etc) have not always been like this. it was not paper printed neatly, it was coins, then before that it was goods and a lot of weird things.
bitcoin or some form of digital cryptocurrency may some day replace fiat too. but it won't be fast and probably not in our lifetime.
September 12, 2017, 08:53:57 AM
I would tell you that Bitcoin will be the main Crypto currency of all crypto some says bitcoin in the king of all crypto and Im Totally sure with 100% thumbs up about it. But what is going to your mind is just like this: "bitcoin will be the main money /currency of the world and what will happen to dollars?" well honestly fiat or paper money will not contradict with bitcoin as they work separately. Didnt you realize what will happen to the government when bitcoin will become the main stream currency?, Government will collapse and they dont want to make it happen as government wants to control a country with paper money ot fiat money.
September 12, 2017, 08:33:07 AM
very hard for bitcoin to replace all fiat in the world but it'll be a major currency in several years
September 12, 2017, 08:30:45 AM
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!
Agree, I've seen this topic many times in different way. I wonder why bitcoin will effect the fiat. Of course bitcoin will not replace the fiat , I will also ask you a question. If there is no us dollars, How do you know the price of the bitcoin ? Bitcoin just like a stock, but you can use it like currency. But it will not change local currency at all.
September 12, 2017, 08:24:47 AM
It would be a substitute for the money you used to exchange them to bitcoins
September 12, 2017, 08:09:24 AM
It will take a very long time to completely get rid of fiat money.
September 12, 2017, 08:01:56 AM
I think that bitcoin will not replace fiat money. Because the government will be difficult to set the fluctuating bitcoin. Possible bitcoin just as a complementary money only.
September 12, 2017, 07:56:43 AM
i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
I don't think bitcoin will be the main coin. If it really become, I think all people in the world will change their cash to bitcoin 
September 12, 2017, 07:53:48 AM
September 12, 2017, 07:51:39 AM
i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
To be honest, it is more complex than that, USD or any fiat currencies is simply not on the league to compete in a technological sense, what the fiat have is just the government.
September 12, 2017, 07:51:21 AM
i wonder: if Bitcoin will become the main coin, what will happen to the money we are using now like us dollar?
It won't anything happen. Bitcoin still bitcoin and money still money. They play a complementary role. 
September 12, 2017, 07:50:31 AM
It would still be US Dollars if Bitcoin would be the main coin, I don't think our own currencies has any title of which is the main coin or minor coin in a country. For as long as it can still be used by the people then it would still be the same currency we are using now. It's just that Bitcoin will just be one of the most popular and widely used just like the US Dollars.
September 12, 2017, 07:48:37 AM
paper currency is very important to enrich the government .. I find it difficult to make bitcoin
September 12, 2017, 07:46:34 AM
then the money you'll using will be a side coin. lmao 
September 12, 2017, 07:44:06 AM
Bitcoin being the main coin I guess only uncertain predictions. Especially considering the use of Bitcoin that must use the device. Local money will still be loved and widely used as the main currency. Because the original will not be replaced by something intangible.
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