Topic: Will Bitcoins one day replace other forms of money? - page 2. (Read 866 times)
Bitcoin will never replace fiat currency. Simple because a decentralized currency like bitcoin cannot work in a society run by a government. The government needs to be able to 'control and monitor' the flow of money. Yes that sucks but that's why people here use bitcoin. Despite that, bitcoin can still coexist with fiat currencies.
Less possibility. Although bitcoin is becoming famous among everyone, some of the countries doesn't feel it comfortable to use bitcoins officially for all the purposes.
Bitcoin is definitely becoming more famous. But the problem is that not all of this coverage is positive. There is a lot of negative coverage as well, such as its association with the ransom software (such as wannacry) and just a few days back the media went ballistic over comments by the JP Morgan CEO Jamie Dimon. Anyway, IMO any sort of media coverage is good for Bitcoin.
Maybe. Cashless world would be cool. But there are disadvantages of cashless society. If cash reaplce by Bitcoin. I don't think Bitcoin is developed enough for replacing cash. Bitcoin only relying on technology like internet and devices in able to use or spend bitcoin. Unlike traditional money like cash. You can buy everything you want with cash. It's also the fastest way to pay. Bitcoin is fast, but that depends on the fee you put at the transaction. The faster, the more expensive. Cash also don't rely on technology like internet or any tech stuffs. But who knows what will happen in the future? Let's wait and see.
As we have seen so far Bitcoin is a form of currency that has a bright future and that's something that makes it possible for it to replace if not all at least some other type of money out there. If not replace it can at least, with proper investments and movements, take it's spot as another currency that could potentially be used in the money transactions as any other form of money.
Less possibility. Although bitcoin is becoming famous among everyone, some of the countries doesn't feel it comfortable to use bitcoins officially for all the purposes. 
Bitcoin is a digital currency whose popularity is increasing day by day.Its skyrocketing price make it the best investment asset that provides huge profits in short period of time.It has many other features but along with that it has some disadvantages also such as it has no physical form , its price keep on fluctuating, as it is decentralized so government will not accept it as the only currency for financial transactions .So i dont think Bitcoin will replace other forms of money but it will work hand in hand with them.
It goes through many tests before becoming a substitute for our fiat moneys. We know that bitcoins are very good and can make our lives worse, but on the one hand it also has bad effects. especially if it would be a money. Because the bitcoins may fall. Of course, its value will also fall, So if you pay bitcoins and its value is $ 50. In case it falls as long as the amount you receive is also equal. How about if the 50 $ you pay is just a bet for a week? and it will be less because bitcoins crash. So it's really hard to think it's going to be our money. But let's see that we can not read the future. And only what it can do is the progress of today that can be a contribution to the future
At some point, fiat currencies all over the world will suffer high devaluation, and we may see insane levels of instability. People will look for something better... but it will take time before they see that Bitcoin is the right way.
if this is happen, many government will trying to find better way for example with bitcoin so the government can use it to replace their currency. but i don't think that fiat currencies will have the high devaluation although possibility is always there. i think if we have bad situations like world war in every place then all fiat currencies will be interrupt.
Simply put, no and that's an emphatic no. There are plenty of reasons why, scalability, resistance to change and tech, no unified global economy and vision...all sorts, literally dozens and dozens of reasons why it can't ever be the case. At least not in any of our lifetimes, or our kids...
Bitcoin won't be that solution, it's not good enough. It is, however, a pioneer. Blockchain technology, Ethereum technology is the future - bitcoin is not. I love bitcoin, it's been kind to me, and I support what it stands for and hope for it to progress and be grow in its usage, but anyone that thinks that it can actually replace FIAT is naive.
Bitcoin won't be that solution, it's not good enough. It is, however, a pioneer. Blockchain technology, Ethereum technology is the future - bitcoin is not. I love bitcoin, it's been kind to me, and I support what it stands for and hope for it to progress and be grow in its usage, but anyone that thinks that it can actually replace FIAT is naive.
At some point, fiat currencies all over the world will suffer high devaluation, and we may see insane levels of instability. People will look for something better... but it will take time before they see that Bitcoin is the right way.
It did not seem possible, although the use of bitcoin very massive and regular beat bitcoin transaction value of money but I'm sure bitcoin will never replace forms of money.
I dont think that btc can replace other forms of money complitly one day, but some kind of crypto currency will do it in future for sure.
Bitcoin is currently too expensive to use. You cannot do micro payments below $1, because the fees are too high. Yes, there are some people that are doing SegWit supported payments with fees below $1, but this is not the standard fees. Your third world countries will never replace their local fiat currency with some other currency, where they have to pay these high fees. < Most other currencies are much weaker than the US Dollar >
Fix this and you might see Bitcoin replacing currencies like the Zim Dollar. ^smile^
I don’t believe that bitcoin can replace any single currency of the world no matter how much the economy of the country may be down but any country will never let this happen. For a common man a 1$ bill might be a simple piece of paper with a power to purchase value equal to 1$ but for the country it is a lot more. Fix this and you might see Bitcoin replacing currencies like the Zim Dollar. ^smile^
Countries don’t look at the things like the individuals do. Currency of a country means for it as its sovereignty and its independence.
Will bitcoin replace today's fiat? What are the advantages / disadvantages?
https://bitcointalksearch.org/topic/will-bitcoin-replace-todays-fiat-what-are-the-advantages-disadvantages-130544
Will Bitcoin be replaced by another cryptocurrency?
https://bitcointalksearch.org/topic/will-bitcoin-be-replaced-by-another-cryptocurrency-1502768
Will Bitcoin replace Fiat by 2030?
https://bitcointalksearch.org/topic/will-bitcoin-replace-fiat-by-2030-1540304
Use the search function before you open another discussion about the same topic.
https://bitcointalksearch.org/topic/will-bitcoin-replace-todays-fiat-what-are-the-advantages-disadvantages-130544
Will Bitcoin be replaced by another cryptocurrency?
https://bitcointalksearch.org/topic/will-bitcoin-be-replaced-by-another-cryptocurrency-1502768
Will Bitcoin replace Fiat by 2030?
https://bitcointalksearch.org/topic/will-bitcoin-replace-fiat-by-2030-1540304
Use the search function before you open another discussion about the same topic.
Can cryptocurrency make real money disappear?
https://bitcointalksearch.org/topic/can-cryptocurrency-make-real-money-disappear-1964610
bitcoin cannot replace currency in the world because price is not stable
https://bitcointalksearch.org/topic/bitcoin-cannot-replace-currency-in-the-world-because-price-is-not-stable-2007569
Bitcoin WILL become one world currency.
https://bitcointalksearch.org/topic/bitcoin-will-become-one-world-currency-matter-of-when-not-if-2100401
Do you think digital currency will ever replace paper money?
https://bitcointalksearch.org/topic/do-you-think-digital-currency-will-ever-replace-paper-money-2131880
I suppose it is easier for some people to open a new topic than to use the search function ...
It is true that sometimes repeat the topic without them searching for it first, but more and more topics will also get more knowledge because the content of the topic will be different, Bitcoin want to replace other money, I think bitcoin can not change paper money, because BItcoin only digital money and maybe just for media exchange on the Internet.
Will bitcoin replace today's fiat? What are the advantages / disadvantages?
https://bitcointalksearch.org/topic/will-bitcoin-replace-todays-fiat-what-are-the-advantages-disadvantages-130544
Will Bitcoin be replaced by another cryptocurrency?
https://bitcointalksearch.org/topic/will-bitcoin-be-replaced-by-another-cryptocurrency-1502768
Will Bitcoin replace Fiat by 2030?
https://bitcointalksearch.org/topic/will-bitcoin-replace-fiat-by-2030-1540304
Use the search function before you open another discussion about the same topic.
https://bitcointalksearch.org/topic/will-bitcoin-replace-todays-fiat-what-are-the-advantages-disadvantages-130544
Will Bitcoin be replaced by another cryptocurrency?
https://bitcointalksearch.org/topic/will-bitcoin-be-replaced-by-another-cryptocurrency-1502768
Will Bitcoin replace Fiat by 2030?
https://bitcointalksearch.org/topic/will-bitcoin-replace-fiat-by-2030-1540304
Use the search function before you open another discussion about the same topic.
Can cryptocurrency make real money disappear?
https://bitcointalksearch.org/topic/can-cryptocurrency-make-real-money-disappear-1964610
bitcoin cannot replace currency in the world because price is not stable
https://bitcointalksearch.org/topic/bitcoin-cannot-replace-currency-in-the-world-because-price-is-not-stable-2007569
Bitcoin WILL become one world currency.
https://bitcointalksearch.org/topic/bitcoin-will-become-one-world-currency-matter-of-when-not-if-2100401
Do you think digital currency will ever replace paper money?
https://bitcointalksearch.org/topic/do-you-think-digital-currency-will-ever-replace-paper-money-2131880
I suppose it is easier for some people to open a new topic than to use the search function ...
Will bitcoin replace today's fiat? What are the advantages / disadvantages?
https://bitcointalksearch.org/topic/will-bitcoin-replace-todays-fiat-what-are-the-advantages-disadvantages-130544
Will Bitcoin be replaced by another cryptocurrency?
https://bitcointalksearch.org/topic/will-bitcoin-be-replaced-by-another-cryptocurrency-1502768
Will Bitcoin replace Fiat by 2030?
https://bitcointalksearch.org/topic/will-bitcoin-replace-fiat-by-2030-1540304
Use the search function before you open another discussion about the same topic.
https://bitcointalksearch.org/topic/will-bitcoin-replace-todays-fiat-what-are-the-advantages-disadvantages-130544
Will Bitcoin be replaced by another cryptocurrency?
https://bitcointalksearch.org/topic/will-bitcoin-be-replaced-by-another-cryptocurrency-1502768
Will Bitcoin replace Fiat by 2030?
https://bitcointalksearch.org/topic/will-bitcoin-replace-fiat-by-2030-1540304
Use the search function before you open another discussion about the same topic.
Can cryptocurrency make real money disappear?
https://bitcointalksearch.org/topic/can-cryptocurrency-make-real-money-disappear-1964610
bitcoin cannot replace currency in the world because price is not stable
https://bitcointalksearch.org/topic/bitcoin-cannot-replace-currency-in-the-world-because-price-is-not-stable-2007569
Bitcoin WILL become one world currency.
https://bitcointalksearch.org/topic/bitcoin-will-become-one-world-currency-matter-of-when-not-if-2100401
Do you think digital currency will ever replace paper money?
https://bitcointalksearch.org/topic/do-you-think-digital-currency-will-ever-replace-paper-money-2131880
I suppose it is easier for some people to open a new topic than to use the search function ...
In my opinion I don't think Bitcoin or Altcoins will replace other forms of money because digital money is different from fiat money. Bitcoin is although a type of currency because it is money if converted so that may be the reason why some think it could replace other forms of money.
In my opinion this will be delayed because it has not yet passed on to all the internet.But later on it could be done in a few countries which have great development with technology.
This will be delayed obviously as the majority of countries don’t have this service and even it has not prevailed to all the internet users. There is a small proportion of internet users that know about this. So ultimately it will take so longer to replace any kind of other currency.It will take long, yes. But speed of growth rate of newcomers to BTC is constantly growing. I think we can expect in next 2 years more new BTC users than in last 5 years. Still there is long way to reaching some important world wide use, but again, there is nothing that can stop it.
Have you heard the recent meeting of Vitalik and Putin in plans of creating Russia's own crypto currency? China has a plans of creating its own too. So the answer to your OP is NO. Someday all nations will have its own crypto currency. So we can trade Bitcoin with altcoins and with different country's crypto currency.
A possibility that bitcoin can replace other currencies are very big but it will surely be possible if the government would allow it, or if a country would surely replace their currency with bitcoin and if it is very successful then I think other country will surely be next if it goes well, bitcoin transaction can surely replace it but the fluctuation is very unpredictable that is why for now it can not replace the steadiness of other currency.
Pretty sure that if Bitcoin would ever become our primary currency it would still take very long until that happened. It's still a pretty new currency and there's a lot of features needed we don't have yet
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