Bitcoin Forum

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/

Yes I think that bitcoin will replace FIAT all over the world, but it's code should be improved again and again.

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

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 ...hobe ebay and amazon like to btc  ;)

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)
 :)

Bitcoin can not replace fiat no matter how we try.

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.

yeah if me too in the future bitcoin will  may replace credit cards, paypal ecc.. in the future :D :D ;D ;D

Fiat is to a large degree already digital, much of the fiat are just numbers in a computer, which are in only a few servers controlled by only a handful of people.
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?

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.

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, ...)

yes I agree bitcoin could be the future of money  :)
but only bitcoin virtual currency which at the time could die anytime  :D

Bitcoin has the potential to take over the fiat money as we know it, but it won't happen any time soon.

Have you heard about that thing called Bitcoin?

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?

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.

Bitcoin is the future of money.

as long there is fiat currency, bitcoin will always be in demand.

the future is bitcoin as a commodity in my opinion, but the fiat currency will still be here. 

At local level bitcoin can't take its place. People feel safer with Physical stuff than digital. At bigger transactions like million dollars, BTC can be a good alternative.

But bartering (exchanging goods and services without involving money) is still practiced in some locations and scenarios.



I am not so sure about this.
But IMO, the benefit of bitcoin over credit cards is very big, while the benefit of bitcoin over paper money is quite small.

And I don't think the benefit is big enough to get paper money replaced.

Most probably be Bitcoin from the look of things and the rate at which it is growing in fame and usage.

Bitcoin, all other cryptos will fail.

I see Bitcoin replacing FIAT or paper money in the nearest future.

It is very obvious that BTC will rule in the future.

The governments won't be happy to see bitcoin replacing fiat money, as they can't control or manipulate bitcoin.
And so, they will set up all kinds of restrictions to hinder the development of bitcoin.

I agree with this: D
government may consider it too easy to get bitcoin, since bitcoin enaknya be in the mine, while the original paper money which could in mine: D

- Bartering is primitive, yet it's a wonderful system especially for small and proximal exchanges.  It's ill-equipped for global commerce, though.
- The benefits over credit cards are pretty obvious (e.g. Lower fees, no need to give sensitive personal info, etc.).
- Paper money is *very*expensive.  First, you have all the cost of production (e.g. Cultivating the materials which costs a buttload of money), then there's the production cost, the transportation cost (think of all those armored vehicles that routinely fill banks and ATMs, etc.), then there's the cost of both automated and manual security (e.g. Safes, security systems, armed guards and security personnel, etc.).  Then you have coined money like pennies, nickels, dimes, quarters, etc. that weigh a ton, and all of that weight requires even more oil and gasoline to transport.  You're talking about tens of billions of dollars being spent annually just to preserve the standard of paper money.

Bitcoin will replace fiat in the future.

I don't think that's how inflation works lol

Its no possible because fiat is unreplaceable and bitcoin is working without any central authority

I believe that cryptocurrency (possibly not Bitcoin) will eventually take over as the major financial instrument. It could take decades, though.

You are on this forum and have to ask?  8)

Your stupid blog doesn't even work you

It's like a relation of a virus for it's anti-virus...as long as there are people, there will be fiat, so bitcoin will also be here.

The payment of money has been replaced by many other methods of payment nowadays such as cards and Bitcoin. As more and more e-retailers  receives the Bitpay, the popularity of bitcoin will be improved. As I know that most of the retailers who have received the Bitpay are mostly the industries of electrics, e-commerce and so on, besides, the future market is based on e-commerce. I think that the future of Bitcoin is coming.   

Future of the currency is Digital. All paper currency is going to be disappear, Even beggars will start accepting bitcoins/visa etc.

Any currency that is not providing a percentage to the central banks has little or no future. Sort of the same way gold was seized and simply made illegal to possess.
see wikipedia Executive_Order_6102

Government want to control everything so I guess bitcoin will be our hope. Until government cracks it or tax it that is.

Now try that with Bitcoin :)

I would strongly disagree. Fiat money allows a government to control the economy (to some degree). It also is a means that allows the government to force citizens to pay taxes, and helps the rule of law (if someone does not pay taxes, fiat can easily be seized while bitcoin cannot).

The future is a cryptocurrency, so most probably something like btc, aka btc.

Fiat cant remain so powerful in the long run i dont see the people forever living in a zombie state and allowing government interfering with our tools of trade.

I do believe that within time bitcoin will take over fiat however it's going to take a lot of time and we probably will not see it for many years to come. The only problem with it over taking fiat is how long will it be before governments find a way to put their laws on it? Will they ever find a way if it did take over fiat?

virtual money is the future and bitcoin is the leader

I think, bitcoin will be future of money. Virtual currency is growing day by day and becoming popular in markets.

Come on guys, please...
A lot of you are very intelligent people to be on this forum to began with.
But think about what every is saying for a moment....
We know how powerful and evil the banking cartel is, with that said do you really think that they are going to let bitcoin replace their currency?
OF COURSE NOT

However, I do think digital currencies are the future, but unfortunately the banking cartels will create their own, and pursued governments to PUSH THEIR AGENDA

It depends how long you are talking about...if its 10-15 years nothing major is gonna happen...if you talk of 100+ years then I guess FIAT will be history to be read in books :)

Bitcoin will be also read in history books by kids as the transitional tool for an RBE.

Its hard to imagine BTC taking over physical money , considering the amount of notes in circulation and not every person has digital access..

So it might take lot of time..

Fiat money will slowly go away as government realize it is cheaper and more convenient to issue their own currency in crypto form.

bitcoin can not be seized however financials agencies can be forced to close accounts on corporations that accept them as well as penalties. Simply put, laws will be put in place to protect the central banks. The only other possibility is that bitcoin is entirely independent with no exchange value and therefore has no external rate. I am not sure how such economics would play out.

But I don't think It will replace FIAT,Never.Only bitcoin adopters in their world they would see BTC replace the FIAT not knowing that the world is not just what they see and believe to be.It's vast and it's not even possible for BTC to replace 10% of worlds FIAT

We shall see how it all plays out. It's part of what makes Bitcoin so exciting.

I believe that cryptocurrency (possibly not Bitcoin) will eventually take over as the major financial instrument. It could take decades, though.

Sure, just because they're much better than fiat. It will take many years, as it must be easier to use before everyone can start using them. And governments will try to fight against them, but they won't be able to stop them.

Dollar is going to collapse and a totally new currency is going to be created.


I don't know if bitcoin will be of any use by then.

I agree that bitcoin will likely never end up outright replacing fiat, but I think it could certainly supplement it.

I would not discount it replacing most fiat based transactions that occur over the internet, especially with "trusted" sellers.

Money's future is Bitcoin

quite agree,BTC is just an auxiliary payment tool.

Disappear is a big word. Money has been there for, what, 500 years? Third world country uses money but doesnt even know about BTC. Maybe if poverty will be defeated and everyone in the world uses the internet, it might be possible. But that will be far too long to even think about it.

Why not? Bitcoin is superior to the USD in many aspects. And we don't need to wait for the USD to collapse to widely use it.

If the government gets a hold of a new currency/cryptocurrency that is easy to use and obtain then bitcoin would be dust because the government knows how to promote it better and people would start holding more.

I think Bitcoin is just the start of things

Edit: bitcoin won't be dust but it may have some value if people learn to hold then trade/sell

A government crypto currency wouldn't be like a decentralized one. That's a really big problem. Supply could easily be increased as they wish, as with fiat money. Money has to be choosen in the free market, voluntarily, not imposed by anyone.

the future of our money so our native currency, if you think bitcoin could be the future of your money, whether you believe bitcoin will be there forever?

I don't think btc would be the future of money, but it would definitely be adopter by most people.

People are going crazy over bitcoins. I don't see any physical money replacement in next 50 years atleast.

50 years honestly is a bit short. Maybe for another 100 years I see the next currency take over. But not in 50 years.

Paper money will disappeear for sure... It's so sad. I would like to make it rain sometimes...

You can do that very cheaply with currencies that hyper inflated, like the Zimbabwean dollar, or the Belarusian ruble :)

Money will be used to buy everything in the near 100 years

Not everyone will use that though

If you are thinking that bitcoin will replace the use of money, then you are wrong bro. Money will be there as long as you and I is alive.

Hmmmm what do you mean?

It depends on demographics - age, geography, ubiquity of technology, ease of use. It is not entirely inconceivable that people will gravitate entirely to other forms of payment. A younger generation completely dependent on mobile phones and portable devices or tech savvy developing countries could find digital currency like bitcoin the preferred choice. If you go to the Smithsonian museum, they have a section on the evolution of money. Money changes over time like it changes hands.

Bitcoin is, no other form of money will have the tech AND network.

Why don't people don't understand the acceptance of bitcoin by big companies is just to ease their costumers.There is no way the money would disappear and neither bitcoin would replace fiats these all are just speculations

Fiat replacement by BTC...long way to go . As long as developing countries are unaware of BTC..Fiat won't be replaced.

Its mean most of peoples in developed countries will use Cards and virtual things which are going very popular methods for them

I will never use BTC for a face to face transaction. I'm barely using my credit card once a week, and I'll stick to cash. Nothing beats it. Maybe in Sweden or the US, credit cards rule, but in Switzerland, Dubai or China, cash is king. I don't want this to change.

The future on money? Unless you don't mind about your privacy, and having all your transactions recorded: cash.

^^What about a "cash" crypto like Monero? 100% anon. Its still more handy than carrying fucking papers.

Fiat money is generally not imposed on the citizens of a country, it is used because many others accept it for payment and because many other people consider it valuable. You can spend dollars in most of the world for these same reasons, the US dollar is not considered an official currency by the government but it is known to be valuable enough so that merchants will accept it. 

We never know exactly what happens in the future. It depends on numerous factors how quickly our society adapts to this new currency. What is sure is that Bitcoin is more customer friendly for online payments than credit cards or wire transfers. Therefore I would not be surprised if Bitcoin became more popular in online world rather quickly. However I still do see some advantages of FIAT compered to Bitcoin as it is at this moment when it comes to offline payments. Let's wait and see what this technology will bring us in the future!

This one is same like bitcoin. Bitcoin is even more safer than every new ways.

i think that some new cryptocurrency would replace fiat...but as i think it wouldnt btc

Guess we will always have Zimbabwean money for that. I don't think they will get rid of paper money in the near future.

 ???

Bitcoin is money. And a much better kind of money than fiat, and in some aspects even better than precious metals.

There's nothing like carrying a thick stack of banknotes in your pocket. Try it!
Then BTC is totally unusable without a computer. Smartphones? I'd rather shoot myself than carry a smartphone which would allow the NSA and the CIA to record my every move and know exactly where I am.

Make no mistake, I believe BTC's great because it's unrelated to any country, but it won't ever replace cash in daily activities. Then most bank wires are free. BTC is only great to send money where a currency change would be needed or if a bank's wire is expensive, say like sending money to a third world country.

The USD is the future of money.

I couldnt see money's downfall in maybe 100 years.

Future money will be electronic money, just like information goes to the electronic from paper.
Bitcoin has a shot.

electronic money? Are you considering bitcoin as e-money?

World will have an e-money but not bitcoin. The government will provide it.

It wont disappear. That is for sure.

bitcoin is e-money. This is really the most accurate way to describe it.

usd remains a world reference exchange rate but not future money

prefer bitcoin or other e-money

please let's forget dreams and go back to hard reality. I don't think bitcoin will ever become so popular in daily usage. People like traditions and we bitcoin users are a very very small part of the total. I think that bitcoin could simply go to serve the purpose cash does today, which is anonymous immediate transfers. I think that cash, paper money, will be soon get obsolete. Everything will happen by integrated and secure payment systems on our devices. Apple pay is paving the way. Others will follow. But in this way all payments are traced. So if you will want to make something illegal you will need something more, which is bitcoin. Maybe.

Are you saying that bitcoin will never topple usd? ever?

I think that in the future paper money will disappear and people will start paying over Internet using virtual currency, like Bitcoin.

No. for hundreds of years gold and other metals where the currency, now its not used as much but it has a value to it. no way bitcoin could become the currency of the world. its only a dream :(

I agree with this many peoples already doing this and they mostly using cards or virtual currency we hope this will be very popular method in near future but mostly in developed countries

More and more clasical money will be defeat by the virtual power, virtual money, in my opinion, will be the future bcs of free taxes.

I don't think it will. At least not in our lifetimes. The dollar is a world reserve currency as of now. The same was generally true when England ruled the world regarding the british pound and several hundred years after the british empire fell the pound is still a very major currency.

fiat money probably started out as a dream :P

No one saying bitcoin would be currency of world but we have too much virtual currency in use in near future and fiat is going less in use

it is very strange to notice how people  who have a big interest that btc becomes widespread think that btc will be commonly used in the future. I wonder why very few people in a bitcoin forum dare to say the opposite....
On my opinion, and I am a btc investor, btc will slowly be forgotten as those peculiar, strange ideas made in 90s.

The other day I watched some commercials on YouTube of technology made in 90s.. nowadays they seem so strange, so funny. Same will happen for btc.
Our great sons will laugh at the project of changing all existing monetary sistem on our own. Being the bankers of ourselves.

The future of money starts with B and ends with n.  ::)

no future currency
still the same till the world ends, who knows when it will happen 8)

Then why are you here man?

Same as what it is now..

let's hope bitcoin will replaces fiat  8)  8)  8)

Digital money will have a bright future, but the moneywill not disappear.

At least, the rest of your life, you can't see it disappear

We may wait to use Bitcoin as global money for years, but as a matter of fact Bitcoin changed something about money transfer and will.

Bitcoin is not free from theft. However, every bitcoin is stolen will remain recorded in the system so that when used to transact any, in theory, will always be tracked.

Bitcoin is a decentralized system makes many people refer to it as the internet for money. If the Internet is revolutionizing the way global communications, Bitcoin is believed to change the way the world uses money.

Therefore, Bitcoin often predicted as future currency.

It is digital currency. And it is recorded in some books that the money is going to be kept more safer in the future. As the digital currency cleans its risk of commit a crime for the law is more complete, it must replace the money and become the main currency in the banks.

It will be used for another 10 decades that is for sure.  ;D