Why should Fiat money suddenly be replaced? People should consider that Bitcoin is digital and not everyone in the world has access to the internet or devices to access it. A lot of people are also uneducated and will not be able to use these devices.
Bitcoin and other Crypto currencies will have to become a lot more user-friendly, before we could reach a stage where Fiat can be replaced by these technologies. I see a gradual progression to a stage where people in first world countries will go 100% paperless, but it is going to take a lot more time.
Topic: Will Bitcoin dominate and became the primary form of money in the future? - page 2. (Read 255 times)
February 26, 2018, 02:20:33 AM
February 26, 2018, 02:17:43 AM
I think the main won't become, a lot of time in addition is necessary that from the market there were world currencies. And technologies of other alkoin too worthy and every day take root as payment systems into various shops, services and other... Of course can be, but not this century!
February 26, 2018, 02:10:09 AM
as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?
First, bitcoin supply is limited, after some period of time there will be no supply and what will bitcoin become?However we should keep in mind that Bitcoin has 8 decimal places, it's not only about 21 million BTCs
February 26, 2018, 02:02:53 AM
Totally, i think that humanity will switch to digital currency in next 50 years, but i'm sure that this currency will not be bitcoin. The main reasons: high fees, slow speed.
February 26, 2018, 01:56:31 AM
I do not think that bitcoin will ever become the main form of money. The digital currency is most likely to be used only as one of the types and forms of money and will only go in parallel with conventional money. Digital money has many of its drawbacks for their use in everyday life for small purchases.
February 25, 2018, 10:15:32 PM
as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?
The popularity of bitcoin will make bitcoin price keep on rising but to make bitcoin aa our currency and take over all fiat will be hard to achieve. First, bitcoin supply is limited, after some period of time there will be no supply and what will bitcoin become?
Of course price will raise but how can bitcoin distributed for everyone? Second thing, do you even think about the government how are they going to do if there is no paper money?
February 25, 2018, 09:35:27 PM
as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?
Maybe not bitcoin, but the technology behind it (A.K.A. Blockchain) will be. Because the math and cryptology behind it are just perfect for this.
As you can see, much banks start using blockchain technology for lot of reasons, the best thing about it is the data base system behind it. each transaction building the blocks who build the blockchain, the idea is just to perfect to let it go. And we already apply it and already see it works, so, it will rule the money until a better idea come.
February 25, 2018, 09:25:16 PM
as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?
for now if talking about the removal or replacement of currency bills with bitcoin, I think it is still far from the possibility. but I believe someday bitcoin will be more valuable and not just a mere investment.with the good innovation technology of bitcoin, it will provide a definite support for bitcoin to be legal and become a currency that is valid throughout the country.
February 25, 2018, 09:22:30 PM
To become a major currency in the world it may be very hard to be a paper money, because we understand that not everyone understands bitcoin currencies and in every country also has its own currency.
February 25, 2018, 09:20:56 PM
Store of value?
Or transaction currency?
Or something more, leveraging smart contracts and decentralized infrastructure?
Or transaction currency?
Or something more, leveraging smart contracts and decentralized infrastructure?
February 25, 2018, 09:12:16 PM
February 25, 2018, 08:58:06 PM
as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?
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