Topic: What´s the future of money? - page 6. (Read 5501 times)
Money and Bitcoin both play significant roles in world as we know it today.However,Bitcoin can in the future over write the powerful nature of money if the current spread of BTC world wide is not in any way sabotaged.
I don't think something like this is going to happen. BTC actually based on online. So paper money will never disappear.
I wouldn't be so sure about that. Paper money is really very primitive and requires a *lot* of resources to create and manage. Why do you think that BTC being "online" means that paper money will never disappear? Is it because you think that something could threaten the existence of the Internet and so it would be unsafe to rely solely upon money transacted online?
I don't think something like this is going to happen. BTC actually based on online. So paper money will never disappear.
Have you heard about that thing called Bitcoin?
Bitcoin has the potential to take over the fiat money as we know it, but it won't happen any time soon.
Money's future is Bitcoin because its spreading around the world and can take place of fiat but its need too much awareness about this
yes I agree bitcoin could be the future of money
but only bitcoin virtual currency which at the time could die anytime
Yes I think that bitcoin will replace FIAT all over the world, but it's code should be improved again and again.
Bitcoin can not replace fiat no matter how we try.Currencies have been under heavy inflation in the past, for e.x. there are banknotes of 250 000 000 Zimbabwean dollars.
The more the money is printing, the more close to that situation we will get. Consider this theoretical example:
Average cost of bread
year cost ($)
1930 0.09
1940 0.10
1950 0.12
1960 0.22
1970 0.25
1980 0.50
1990 0.70
2010 2.00
2020 4.00
2030 8.00
2040 16.00
2050 32.00
2060 64.00
2070 128.00
At this point, will people still use fiat?
IIRC, the Zimbabwean people started to use USD instead of the Zimbabwean dollars during the hyperinflation period.
So if the value of USD starts to go crazy, people will likely just switch to use other fiat (EUR, GBP, CNY, JPY, ...)
My personal belief is that, someday, humanity will reach a point where it will need to remove and do without the concept of money entirely. I wrote an article for Bitcoin Magazine touching upon this subject, and I believe that a fundamental flaw with money itself is that it displaces the value we as individuals ascribe to things based upon our personal preferences and redistributes that value according to some collective belief. Ultimately, I think this helps to prevent individuals from self-actualization, i.e. individuals will place a greater priority upon acquiring money simply because others will recognize the value you've acquired.
However, for a world without money to exist, a radical ideological shift would be necessary to allow for global commerce to continue at its current pace and volume. We're nowhere near that stage of enlightenment yet, so, in the meantime, hopefully a better form of money (i.e Bitcoin) will allow individuals greater freedom and greater control over their money and ultimately their lives.
However, for a world without money to exist, a radical ideological shift would be necessary to allow for global commerce to continue at its current pace and volume. We're nowhere near that stage of enlightenment yet, so, in the meantime, hopefully a better form of money (i.e Bitcoin) will allow individuals greater freedom and greater control over their money and ultimately their lives.
Yes I think that bitcoin will replace FIAT all over the world, but it's code should be improved again and again.
Bitcoin can not replace fiat no matter how we try.Currencies have been under heavy inflation in the past, for e.x. there are banknotes of 250 000 000 Zimbabwean dollars.
The more the money is printing, the more close to that situation we will get. Consider this theoretical example:
Average cost of bread
year cost ($)
1930 0.09
1940 0.10
1950 0.12
1960 0.22
1970 0.25
1980 0.50
1990 0.70
2010 2.00
2020 4.00
2030 8.00
2040 16.00
2050 32.00
2060 64.00
2070 128.00
At this point, will people still use fiat?
yeah if me too in the future bitcoin will may replace credit cards, paypal ecc.. in the future 
Bitcoin may replace credit cards, paypal, western union, bank wires, etc in the future, but not fiat money since there are still places that have unstable or no internet service or electricity.
Yes I think that bitcoin will replace FIAT all over the world, but it's code should be improved again and again.
Bitcoin can not replace fiat no matter how we try.
I think Bitcoin is not to replace the already existing currency but rather as an alternative currency for international transactions.
The surplus is the speed of transactions and transaction costs are low (fixed rate)
The surplus is the speed of transactions and transaction costs are low (fixed rate)
Money's future is Bitcoin ...hobe ebay and amazon like to btc 
I don't think it will be able to completely replace fiat, but it may one day reach the same acceptance level as fiat and be considered as another kind of money by general public.
Money's future is Bitcoin because its spreading around the world and can take place of fiat but its need too much awareness about this
Yes I think that bitcoin will replace FIAT all over the world, but it's code should be improved again and again.
Will disappear the money as we know it? There are many news about companies who already accept BTC. This revolutionary currency is growing and it does thanks to the trust of users. But.. are this digital currencies the future of money? 
http://brokerstars.com/blog/1137/
http://brokerstars.com/blog/1137/
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