is bitcoin can be a fiat money? - page 4.

Omegasun

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Quote from: X-ray on July 21, 2016, 03:38:52 AM

before questioning you must read the definition of fiat and cryptocurrency,it's both is different,and bitcoin was made to be digital currency not have any physical form,so this question is useless and the answer is obviously no

i know whats your point. i know whats the difference of that two. but if you read some news and article regarding btc. you will notice that bitcoin draw the attention of the government especially united states because of its popularity and value. so if the government will legalized it can be a fiat money. that is according to the law. just read some article and news and dont just read a thread here in btc. theres a lot of possibility in crypto world and no one will predict it. just like the price of btc now and the the market accept. thats why i came to conclude this question

NetFreak199

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Quote from: Omegasun on July 21, 2016, 01:42:59 AM

i think bitcoin has a potential to become a fiat money. i cant wait to see using bitcoin coins to buy some goods in stores and market. and also a physical bank of bitcoins that we can withdraw and deposit.

Bitcoin is already a currency but it can't be Fiat money, and many stores open now and online stores accepted bitcoin as mode of payment,but of course not all country, because other country don't accept bitcoin as a currency.

X-ray

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before questioning you must read the definition of fiat and cryptocurrency,it's both is different,and bitcoin was made to be digital currency not have any physical form,so this question is useless and the answer is obviously no

Das

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Quote from: Omegasun on July 21, 2016, 01:42:59 AM

i think bitcoin has a potential to become a fiat money. i cant wait to see using bitcoin coins to buy some goods in stores and market. and also a physical bank of bitcoins that we can withdraw and deposit.

For that to happen, it means a country has so much adopted bitcoins that it doesn't spend physical cash anymore.

I think the world is gradually moving towards that trend a.k.a One World Currency.

Omegasun

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Quote from: equator on July 21, 2016, 02:53:27 AM

I dont think that bitcoin can be replaced as fiat money, as fiat money is different and bitcoins is different . Bitcoin is not controlled by any one and more over it is like precious metal like gold, silver and diamond. Bitcoin values and functions are something which cannot be controlled by single or any one. It is a online digital currency. and more over bitcoin is also valued against fiat currency. So you can do what you are thinking of buying, selling online through bitcoin but mostly it will be valued by fiat currency.

it is true. but a lot of article is saying that bitcoin will be supported by the government. for example i heard a news about hillary clinton will support the bitcoin. and if that happens. the government will be legalized the bitcoin by law and it is become a fiat money.

equator

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I dont think that bitcoin can be replaced as fiat money, as fiat money is different and bitcoins is different . Bitcoin is not controlled by any one and more over it is like precious metal like gold, silver and diamond. Bitcoin values and functions are something which cannot be controlled by single or any one. It is a online digital currency. and more over bitcoin is also valued against fiat currency. So you can do what you are thinking of buying, selling online through bitcoin but mostly it will be valued by fiat currency.

Omegasun

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Quote from: jacee on July 21, 2016, 02:03:37 AM

Quote from: Omegasun on July 21, 2016, 01:42:59 AM

i think bitcoin has a potential to become a fiat money. i cant wait to see using bitcoin coins to buy some goods in stores and market. and also a physical bank of bitcoins that we can withdraw and deposit.

Yah know I have been watching you and I really find all your topics as redundant questions. You kept on asking the forum tese questions which has an obvious answer already.
anyway, to answer your question, yes it is. Bitcoins value depends on fiat still so it shoul be obvious to you that you can convert it in fiat.
Btw, there are several similar threads like this already.

yeah. thanks for watching my post. that's why i have decided to make my own thread so that i will not post in different thread. is that wrong? your high rank and seems to observant. but you dont realize why i make my own thread. there are all old thread and new users like me will not see that. hahaha there a lot of post bitcointalk. goodluck to you if you saw that in a thousand thread here. and im asking because i dont know the answer. btw peace brother

Strongkored

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Quote from: Omegasun on July 21, 2016, 01:42:59 AM

i think bitcoin has a potential to become a fiat money. i cant wait to see using bitcoin coins to buy some goods in stores and market. and also a physical bank of bitcoins that we can withdraw and deposit.

I think bitcoin will never be a fiat money according to the following article :
Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. http://www.coindesk.com/information/what-is-bitcoin/

Of pieces of the above paragraph we already know, bitcoin is a digital currency and when bitcoin became fiat, there must be a country that manage them. And it eliminates the bitcoin decentralized nature or without any interference from the government. So bitcoin can't be fiat like dollar.

t_broom

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Bitcoin was created to be something opposite to fiat. Then why should it and how can it ever become a fiat?

shorena

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Quote from: Omegasun on July 21, 2016, 01:42:59 AM

i think bitcoin has a potential to become a fiat money. i cant wait to see using bitcoin coins to buy some goods in stores and market. and also a physical bank of bitcoins that we can withdraw and deposit.

Thats not what fiat means. Bitcoin can never become fiat, because it has intrinsic value due its properties.

jacee

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Quote from: Omegasun on July 21, 2016, 01:42:59 AM

i think bitcoin has a potential to become a fiat money. i cant wait to see using bitcoin coins to buy some goods in stores and market. and also a physical bank of bitcoins that we can withdraw and deposit.

Yah know I have been watching you and I really find all your topics as redundant questions. You kept on asking the forum tese questions which has an obvious answer already.
anyway, to answer your question, yes it is. Bitcoins value depends on fiat still so it shoul be obvious to you that you can convert it in fiat.
Btw, there are several similar threads like this already.

Omegasun

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i think bitcoin has a potential to become a fiat money. because a lot of news regarding bitcoin is government will support the bitcoin. and as per description of fiat money. once it legalized by government, theres a possibility to be a fiat money. i cant wait to see using bitcoin coins to buy some goods in stores and market. and also a physical bank of bitcoins that we can withdraw and deposit.

heres the link of btc news according to coindesk: http://www.coindesk.com/presidential-candidate-hillary-clinton-pledges-support-blockchain-tech/

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