Bitcoin Forum

Economy => Economics => Topic started by: pecuniavalida on April 21, 2016, 03:40:13 PM



Title: Could Bitcoin be the New King of Currency?
Post by: pecuniavalida on April 21, 2016, 03:40:13 PM
A lot of economic instability has lead people to believe that hoarding cash is a smart way to protect themselves financially. Earlier this year a bunch of headlines touted that "Cash is King". How can this be true when the government is working towards a cashless society? According to an article written earlier this year, government officials are actively trying to ban cash (http://"https://www.moneymetals.com/news/2016/02/03/dethroning-cash-000822?utm_source=160421-bitcointalk&utm_medium=bitcointalk&utm_campaign=forum"). Apparently they're trying to stop depositors from being able to withdraw any cash so that everything is done digitally. For the most part, this plan has been in motion for a long time. I think this is why a lot of people have started preferring digital currency, such as Bitcoin, to fiat currency.

However, what I find interesting about this article is that the author suggests having a crypto-currency backed by gold "to solve some of the shortcomings and vulnerabilities of Bitcoin." Would this alternative crypto-currency be more stable than Bitcoin? Or would Bitcoin be more stable since it isn't backed by anything?


Title: Re: Could Bitcoin be the New King of Currency?
Post by: The Arcitect on April 21, 2016, 03:44:48 PM
There is already a crypto-currency backed up by gold. It is called bitgold. It has been around since a year. But hearing about how they are a fraud has people not trusting in them.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Daisy14 on April 21, 2016, 04:05:18 PM
Despite the fact that bitcoin is not backed by anything it has been growing for more than ten years now. I do not see the shortcomings he is talking about except that it's anonymous and that depends on which side of the fence you are.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: pecuniavalida on April 21, 2016, 04:06:13 PM
Interesting. So, are you saying that Bitgold has lost its value because of its credibility? If there was a trustworthy company that carried a crypto-currency backed by gold, would you find it more stable than Bitcoin?

I guess I'm trying to understand the value behind a crypto-currency backed by nothing compared to a crypto-currency backed by a commodity.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: The Arcitect on April 21, 2016, 06:16:23 PM
Interesting. So, are you saying that Bitgold has lost its value because of its credibility? If there was a trustworthy company that carried a crypto-currency backed by gold, would you find it more stable than Bitcoin?

I guess I'm trying to understand the value behind a crypto-currency backed by nothing compared to a crypto-currency backed by a commodity.
Exactly to the point. It is trying to ride the wave of bitcoin by saying that they can secure your investment with them with gold which is a fallacy.
Everybody on this forum knows that cryptocurrency has no backing expect speculation.
If you want to contribute to it's success you will donate to it's cause by putting blind faith into it.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: martinacar on April 21, 2016, 07:41:44 PM
Maybe its possible but it would take some time to do this, I think it can but in about 10 years not very soon.
Its also laying about if the bitcoin is getting more popular, most likely it will so it has a good chance.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: calkob on April 21, 2016, 07:51:04 PM
Bitcoin is here to stary no matter what the scum think


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Kprawn on April 21, 2016, 07:57:05 PM
Bitcoin is based on gold, and not backed by gold. We have seen recently that there are indications that the gold and silver price has been manipulated and if Bitcoin was backed by gold, it would suffer

the same fate as fiat. The manipulation is not possible in Bitcoin, because it is backed by supply and demand and what the protocol dictates based on public consensus. Bitcoin is the King of Crypto

Currencies and that is all that counts in my books. Governments will do anything to retain their power and Bitcoin threatens that position...  ::)


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Newcoins2020 on April 21, 2016, 08:15:40 PM
Maybe its possible but it would take some time to do this, I think it can but in about 10 years not very soon.
Its also laying about if the bitcoin is getting more popular, most likely it will so it has a good chance.

I also think its possible but I also think its gonna be very hard to do this because we have to keep in mind there are a lot of other currency's a lot bigger.
And this currency's can also stay growing so I honestly do not know what to expect.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Doms on April 22, 2016, 09:44:42 AM
Cash is still king but bitcoin is slowly making its presence felt. But I doubt if governments would allow fiat to be replaced anytime soon.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: The Arcitect on April 22, 2016, 01:08:31 PM
Bitcoin is based on gold, and not backed by gold. We have seen recently that there are indications that the gold and silver price has been manipulated and if Bitcoin was backed by gold, it would suffer

the same fate as fiat. The manipulation is not possible in Bitcoin, because it is backed by supply and demand and what the protocol dictates based on public consensus. Bitcoin is the King of Crypto

Currencies and that is all that counts in my books. Governments will do anything to retain their power and Bitcoin threatens that position...  ::)
Governments have also fear what they don't know about. And if anything threatens to topple that grip of power they will quash it any chance they get.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: CoinsRoyal on April 22, 2016, 01:15:13 PM
It can be only a king if Bitcoin is getting more popular and also more used but around this time it will be not possible because many people dont even know how to work with Bitcoin.
And the bad thing of Bitcoin is that nobody will know what will happen with the value with Bitcoin so you have only to wait for what will happen.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: HeroCat on April 22, 2016, 02:08:42 PM
Bitgold is not very popular, does not matter, that it is backed by gold. Bitcoin is much more popular.  ;D


Title: Re: Could Bitcoin be the New King of Currency?
Post by: zodiac3011 on April 22, 2016, 02:13:36 PM
Bitcoin is still under development which still has many many features and updates need implementing so the adoption speed is still not at its best. Could Bitcoin be the New King of currency? Yes. But the point is just not now. It hasn't got its best conditions to be popular enough to become a king. Until the government still treat bitcoin like something illegal, there's no way it will become the king


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Arcteryx on April 23, 2016, 02:45:10 AM
Bitcoin is king already in my eyes  :o
There is nothing else like it. It can be made into whatever you want it to be.
Kind of like play-doe but this dough is real money son  ;D :D


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Viyamore on April 23, 2016, 03:36:02 AM
The mere fact is bitcoins need more time maybe 10-15 years for that matter to be the king of currency , in some country like on romania my friend told me that their government is ignoring bitcoin , that bitcoins for them is just a stuffs. So that's to long time to go for bitcoin


Title: Re: Could Bitcoin be the New King of Currency?
Post by: The Arcitect on April 23, 2016, 04:51:19 AM
The mere fact is bitcoins need more time maybe 10-15 years for that matter to be the king of currency , in some country like on romania my friend told me that their government is ignoring bitcoin , that bitcoins for them is just a stuffs. So that's to long time to go for bitcoin
I have heard this too. Governments of countries that see it a mere smoke and mirror hype induced delusion. They just don't bother to acknowledge it and view it as a toy for children to use and don't pay heed to it any further. They will be the ones kicking themselves for doing so 10-15 years from now, as you put it.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: JessicaSe on April 23, 2016, 09:02:29 AM
The mere fact is bitcoins need more time maybe 10-15 years for that matter to be the king of currency , in some country like on romania my friend told me that their government is ignoring bitcoin , that bitcoins for them is just a stuffs. So that's to long time to go for bitcoin

Bitcoin will be a stronger currency in future but it can never be the king of currency, as everyone knows that dollar is ruling the world at a moment, and will be in future too.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: arwin100 on April 23, 2016, 09:24:35 AM
The mere fact is bitcoins need more time maybe 10-15 years for that matter to be the king of currency , in some country like on romania my friend told me that their government is ignoring bitcoin , that bitcoins for them is just a stuffs. So that's to long time to go for bitcoin

Bitcoin will be a stronger currency in future but it can never be the king of currency, as everyone knows that dollar is ruling the world at a moment, and will be in future too.

Its big no no for bitcoin can be the king of all currency but  bitcoin can be the king of all cryptocurriency  and it is proven as you can see its state now it is in the top and price is so big. But bitcoin can never ever replace dollar because dollar is strong currency that implemented by the most powerfull country in the world.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Herbert2020 on April 23, 2016, 09:43:17 AM
it is already the king of currencies, bitcoin is being used all over the world by every people with different nationalities equally that is already a lot more than any other currencies could achieve ever.
besides there is always a lot of good benefits of using bitcoin that you can not overlook.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: arwin100 on April 23, 2016, 11:14:29 AM
it is already the king of currencies, bitcoin is being used all over the world by every people with different nationalities equally that is already a lot more than any other currencies could achieve ever.
besides there is always a lot of good benefits of using bitcoin that you can not overlook.

I think you mean in crypto world yes i agree with that that bitcoin is no.1 and very strong crypto many use this because of its price and globally many user are attaracted to it but if you say it is the king of all currency thats a big No because dollar is the king of all. Dollar is very strong currency and bitcoin is relying to that and thats why dollar is still the king Of all the currency.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: SFR10 on April 23, 2016, 12:11:33 PM
I doubt there would be any alternative cryptocurrency to BTCitcoin (in the future), that could keep up to what level BTCitcoin is, so in short anyone trying to create such currency, would be just wasting his time. BTCitcoin has been the new king of all the currencies but the problem is, it's still not that recognized by all and that's the only problem (nothing else that serious enough to harm it).


Title: Re: Could Bitcoin be the New King of Currency?
Post by: HostSurf on April 23, 2016, 12:25:10 PM
I doubt there would be any alternative cryptocurrency to BTCitcoin (in the future), that could keep up to what level BTCitcoin is, so in short anyone trying to create such currency, would be just wasting his time. BTCitcoin has been the new king of all the currencies but the problem is, it's still not that recognized by all and that's the only problem (nothing else that serious enough to harm it).

For me bitcoin already is the king of currency. If they can keep up with this i am sure more people will think the same and bitcoin
wil become real huge. it's just waiting for it to happe.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: mark coins on April 23, 2016, 12:44:56 PM
I doubt there would be any alternative cryptocurrency to BTCitcoin (in the future), that could keep up to what level BTCitcoin is, so in short anyone trying to create such currency, would be just wasting his time. BTCitcoin has been the new king of all the currencies but the problem is, it's still not that recognized by all and that's the only problem (nothing else that serious enough to harm it).

For me bitcoin already is the king of currency. If they can keep up with this i am sure more people will think the same and bitcoin
wil become real huge. it's just waiting for it to happe.

People who are using bitcoin already feels that bitcoin is the king, but we want other should also know about it and start accepting it, and if it is done then it can surely be the king of all.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: n0ne on April 23, 2016, 05:02:48 PM
I doubt there would be any alternative cryptocurrency to BTCitcoin (in the future), that could keep up to what level BTCitcoin is, so in short anyone trying to create such currency, would be just wasting his time. BTCitcoin has been the new king of all the currencies but the problem is, it's still not that recognized by all and that's the only problem (nothing else that serious enough to harm it).

I too believe bitcoin to be the king of cryptocurrencies. Every alternatives were developed following bitcoin. So even after years bitcoin continues to be the king as it has got the highest price, popularity , users as well continued acceptance unlike other altcoins.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Vaskiy on April 23, 2016, 05:34:05 PM
I doubt there would be any alternative cryptocurrency to BTCitcoin (in the future), that could keep up to what level BTCitcoin is, so in short anyone trying to create such currency, would be just wasting his time. BTCitcoin has been the new king of all the currencies but the problem is, it's still not that recognized by all and that's the only problem (nothing else that serious enough to harm it).
I totally disagree with you, No other digital currency can replace bitcoin as bitcoin stands first in the world of cryptocurrencies, if any alternate coins emerge it will adopt the bitcoin technology, you see in future bitcoin will be recognized by all.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: BitHodler on April 23, 2016, 05:42:03 PM
I doubt there would be any alternative cryptocurrency to BTCitcoin (in the future), that could keep up to what level BTCitcoin is, so in short anyone trying to create such currency, would be just wasting his time. BTCitcoin has been the new king of all the currencies but the problem is, it's still not that recognized by all and that's the only problem (nothing else that serious enough to harm it).
I totally disagree with you, No other digital currency can replace bitcoin as bitcoin stands first in the world of cryptocurrencies, if any alternate coins emerge it will adopt the bitcoin technology, you see in future bitcoin will be recognized by all.
He didn't say Bitcoin can get replaced by something else.

He is exactly on the same level as you when it comes to the fact that Bitcoin can't get replaced by any other currency.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Oscoda on April 23, 2016, 07:02:51 PM
I doubt there would be any alternative cryptocurrency to BTCitcoin (in the future), that could keep up to what level BTCitcoin is, so in short anyone trying to create such currency, would be just wasting his time. BTCitcoin has been the new king of all the currencies but the problem is, it's still not that recognized by all and that's the only problem (nothing else that serious enough to harm it).

For me bitcoin already is the king of currency. If they can keep up with this i am sure more people will think the same and bitcoin
wil become real huge. it's just waiting for it to happe.


Its for me also a king of the currency's because its the first that is digital and so good, its a other meaning for king of the currency's, its because of the method of paying for me, that is we I can call it the king of the currency's.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: zimmah on April 23, 2016, 09:02:57 PM
If you bank a lot of cash, you risk the government seizing it. No matter if the cash is stored at home or at the bank.

Governments have done it before, they could do it again.

Seizing bitcoin however, is much harder.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Corenin on April 23, 2016, 09:11:24 PM
I doubt there would be any alternative cryptocurrency to BTCitcoin (in the future), that could keep up to what level BTCitcoin is, so in short anyone trying to create such currency, would be just wasting his time. BTCitcoin has been the new king of all the currencies but the problem is, it's still not that recognized by all and that's the only problem (nothing else that serious enough to harm it).

For me bitcoin already is the king of currency. If they can keep up with this i am sure more people will think the same and bitcoin
wil become real huge. it's just waiting for it to happe.


Its for me also a king of the currency's because its the first that is digital and so good, its a other meaning for king of the currency's, its because of the method of paying for me, that is we I can call it the king of the currency's.


It will be a king of digital currency and not the physical one, as it will take time to become a king in real life scenario and which also seems to be impossible at a moment.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: erikalui on April 23, 2016, 09:15:17 PM
I don't want anything to be ruling in terms of currency and people should be allowed to use a payment method they wish too rather than be forced to use crypto/digital currency. I prefer cash to Debit Cards most of the times but if my Government bans it, most people would be affected here as almost 50-60% people prefer cash to bitcoins/debit cards.

it is already the king of currencies, bitcoin is being used all over the world by every people with different nationalities equally that is already a lot more than any other currencies could achieve ever.
besides there is always a lot of good benefits of using bitcoin that you can not overlook.

It's not true. The total number of people using bitcoins in the world is not even 10%.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Mumbeeptind1963 on April 24, 2016, 01:38:23 AM
I think thats possible but now, i think dollar is king of currency since its the money in united states, but bitcoin is the king of crypto currency theres no better than this crypto coin


Title: Re: Could Bitcoin be the New King of Currency?
Post by: JumperX on April 24, 2016, 10:02:28 AM
I think thats possible but now, i think dollar is king of currency since its the money in united states, but bitcoin is the king of crypto currency theres no better than this crypto coin

Bitcoin is the best of all when it comes to digital currency, but to become a king of currency it will need some time but I don't think it can replace USD in coming years.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: arwin100 on April 24, 2016, 11:14:17 AM
I think thats possible but now, i think dollar is king of currency since its the money in united states, but bitcoin is the king of crypto currency theres no better than this crypto coin

Bitcoin is the best of all when it comes to digital currency, but to become a king of currency it will need some time but I don't think it can replace USD in coming years.

Yes for that it cant replace dollars in term on strength on government support because most of all people prepared physical money if id choose between bitcoin and dollars well i select dollars because i can touch it and fell it dollars is the king of all curriency. But bitcoin can never be a king on all curriencies but it can be the king on all of crypto coins in the world.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Nameless Coin on April 25, 2016, 09:40:25 AM
Only if everyone starts to use it but that is just not going to happen, there are always going to be people who think that it is to much effort and do not want to go to the trouble.
So Bitcoin is not going to be at the top of the currencies but Bitcoin does not need to be there.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Corenin on April 25, 2016, 09:47:13 AM
Only if everyone starts to use it but that is just not going to happen, there are always going to be people who think that it is to much effort and do not want to go to the trouble.
So Bitcoin is not going to be at the top of the currencies but Bitcoin does not need to be there.

I think bitcoin can be the king of crypto as I dont think that it can take place of fiat currency and fiat is ruling the world, but bitcoin will be more popular in future for sure.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Zaun on April 25, 2016, 10:21:04 AM
Bitcoin is the king of online currency since they beat paypal in volume.
But theking of all currencies, is not going to happen. There is way to much done with real currencies.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: gtglener on April 25, 2016, 11:31:04 AM
Bitcoin is already a good currency and everyone is loving it, no one care about the small short-comings as they are unable to defect any of the financial system of people and business-persons etc, but if there comes any development in the field of bitcoin it will be appreciated and will be welcomed by all of us, as we want bitcoin as a more stronger currency.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Vaskiy on April 25, 2016, 11:45:49 AM
Bitcoin is the king of online currency since they beat paypal in volume.
But theking of all currencies, is not going to happen. There is way to much done with real currencies.
To be honest bitcoin is ruling the crypto world and real money is ruling the real world. Let both be kings in their own world. As bitcoin is new it will be the new king of digital currencies.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: ~Bitcoin~ on April 25, 2016, 11:52:30 AM
There is already a crypto-currency backed up by gold. It is called bitgold. It has been around since a year. But hearing about how they are a fraud has people not trusting in them.
Yeah i have also tried their service but they don't have any merchants accepting bitgold payment that is must need for now.
Talking about cashless society government would like to focus on centralized virtual currency rather than decentralized bitcoin but community will love bitcoin like currency.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: AsaroUk on April 25, 2016, 02:54:29 PM
That is only possible if Bitcoin is going to be more used and also more worth otherwise it will have still haters and many people are going to use their own money.
But the chance is high that it can be the most used payment method  also and that would be nice.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: StoreBit on April 25, 2016, 03:08:20 PM
The first thing s that bitcoin do not need any backed with gold, it is good as it is, and the other thing is that at that time cash is king and in the near future I think it will happen that bitcoin become the king of online business and every business will depend on bitcoin rather than cash.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: RodeoX on April 25, 2016, 03:23:46 PM
I think a crypto-coin backed by gold is a stupid idea. This scam has been tried many times as "paper gold". The problem is that you buy gold and get paper. Why the hell would I do such a stupid thing?

If I'm spending the money to get a gold backed coin then I want an actual gold coin. I want to know "where is the gold, who has it, how can redeem my coins?" What if the business says "well, I think we'll just keep the gold". It's a ridiculous deal. And for what? So your private keys are backed by shinny rocks? What is gold backed by?


Title: Re: Could Bitcoin be the New King of Currency?
Post by: upsidedown75 on April 26, 2016, 05:18:05 PM
That is only possible if Bitcoin is going to be more used and also more worth otherwise it will have still haters and many people are going to use their own money.
But the chance is high that it can be the most used payment method  also and that would be nice.
Bitcoin is still more worth and it do not have haters, everyone love to bitcoin and everyone is happy with its benefits, everyone is earning a good profit with this currency and it is going to be the king of all other currencies.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Kartikay on April 26, 2016, 05:38:33 PM
If bitcoin will get proper support from governments of various nations then it will surely be the New King of Currency but gold and bitcoin exchange makes no sense. Are we really moving backward in history? In past Kings used to issue gold coins. I think bitcoin should be remain in the way as it is now. Government should only encourage its use and let everything remain same.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: BellaBitBit on April 26, 2016, 05:59:02 PM
it is already the king of currencies, bitcoin is being used all over the world by every people with different nationalities equally that is already a lot more than any other currencies could achieve ever.
besides there is always a lot of good benefits of using bitcoin that you can not overlook.

I agree that it already is.  It is global and when it picks up users it will quickly become the true king. 


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Pab on April 26, 2016, 06:53:38 PM
There was some alts backed by gold,already disappear,there was alt backed by amber,i think desnt exist anymore,bitcoin is backed by bitcoin,by internet,still people knowledge about bitcoin is very little
hope it will change in near future


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Shibashi Dogemoto on April 26, 2016, 07:08:44 PM
It can never be a king of currency, stop dreaming, the users of bitcoin are less then 10% across the globe, how can you expect that it will reach to 100% in coming years.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: sishendaoye on April 26, 2016, 11:29:55 PM
No the bitcoin can not become this, there are just too many currency's that are way bigger than the bitcoin itself.
I think banks will try to stop this and they will succeed with a replacement of the bitcoin with another coin that is made by banks...


Title: Re: Could Bitcoin be the New King of Currency?
Post by: MingLee on April 27, 2016, 12:12:08 AM
No the bitcoin can not become this, there are just too many currency's that are way bigger than the bitcoin itself.
I think banks will try to stop this and they will succeed with a replacement of the bitcoin with another coin that is made by banks...
Bitcoin can hypothetically become the king of currency due to it's relative ease of use and it's ability to be simply transferred all over the world, but I agree with your statement about other, bigger currencies being able to snuff out the potential for Bitcoin to be anywhere close to receiving such a title.

Banks have already tried to develop alts for Bitcoin, and so far they have all been fairly poor and half-assed attempts at accomplishing something.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: arwin100 on April 27, 2016, 02:24:47 AM
No the bitcoin can not become this, there are just too many currency's that are way bigger than the bitcoin itself.
I think banks will try to stop this and they will succeed with a replacement of the bitcoin with another coin that is made by banks...
Bitcoin can hypothetically become the king of currency due to it's relative ease of use and it's ability to be simply transferred all over the world, but I agree with your statement about other, bigger currencies being able to snuff out the potential for Bitcoin to be anywhere close to receiving such a title.

Banks have already tried to develop alts for Bitcoin, and so far they have all been fairly poor and half-assed attempts at accomplishing something.

I dont really agree with your thoughs their bitcoin can never be the king of all curriencies because first of all it has no country originated and it has no law of government holding to i. And i think i will agree if somebody called it the king of all altcoins or crypto coins because it is no.1 of all in alt category. But to rename itself as king of all no i doubt It. And i dont see banks making their own alts i think bank dont bother to do it because they have their own strategy to gain money.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Betwrong on April 27, 2016, 12:47:42 PM
It can never be a king of currency, stop dreaming, the users of bitcoin are less then 10% across the globe, how can you expect that it will reach to 100% in coming years.

Actually I think it's even less than 10% across the glob. However it says nothing about the future of Bitcoin. The speed of adoption is unpredictable so it's pretty possible it will reach 90% in the near future.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: el kaka22 on April 27, 2016, 05:52:55 PM
That is only possible if Bitcoin is going to be more used and also more worth otherwise it will have still haters and many people are going to use their own money.
But the chance is high that it can be the most used payment method  also and that would be nice.
Yes, there are high chances for the bitcoin that it becomes a king of currencies and it will have the more users than any other currency, as the adoption rate of bitcoin is now going to be much faster which is its guarantee.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Blackmet on April 28, 2016, 01:17:39 AM
Actualy bitcoin now is the king of crypto currency, but golbaly bitcoin is so small and unknown. I can't really belive that bitcoin can be a "king of currency".


Title: Re: Could Bitcoin be the New King of Currency?
Post by: bittrojan on April 28, 2016, 01:43:59 AM
A lot of economic instability has lead people to believe that hoarding cash is a smart way to protect themselves financially. Earlier this year a bunch of headlines touted that "Cash is King". How can this be true when the government is working towards a cashless society? According to an article written earlier this year, government officials are actively trying to ban cash (http://"https://www.moneymetals.com/news/2016/02/03/dethroning-cash-000822?utm_source=160421-bitcointalk&utm_medium=bitcointalk&utm_campaign=forum"). Apparently they're trying to stop depositors from being able to withdraw any cash so that everything is done digitally. For the most part, this plan has been in motion for a long time. I think this is why a lot of people have started preferring digital currency, such as Bitcoin, to fiat currency.

However, what I find interesting about this article is that the author suggests having a crypto-currency backed by gold "to solve some of the shortcomings and vulnerabilities of Bitcoin." Would this alternative crypto-currency be more stable than Bitcoin? Or would Bitcoin be more stable since it isn't backed by anything?
king of currency is not exist,so far dollar become the most popular,but i never called it as a king,i think good currency is need by each countries,and its diffeerent in almost each cuntries,and bitcoin will not become king of currency because bitcoin have limited access.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: arwin100 on April 28, 2016, 01:50:08 AM
A lot of economic instability has lead people to believe that hoarding cash is a smart way to protect themselves financially. Earlier this year a bunch of headlines touted that "Cash is King". How can this be true when the government is working towards a cashless society? According to an article written earlier this year, government officials are actively trying to ban cash (http://"https://www.moneymetals.com/news/2016/02/03/dethroning-cash-000822?utm_source=160421-bitcointalk&utm_medium=bitcointalk&utm_campaign=forum"). Apparently they're trying to stop depositors from being able to withdraw any cash so that everything is done digitally. For the most part, this plan has been in motion for a long time. I think this is why a lot of people have started preferring digital currency, such as Bitcoin, to fiat currency.

However, what I find interesting about this article is that the author suggests having a crypto-currency backed by gold "to solve some of the shortcomings and vulnerabilities of Bitcoin." Would this alternative crypto-currency be more stable than Bitcoin? Or would Bitcoin be more stable since it isn't backed by anything?
king of currency is not exist,so far dollar become the most popular,but i never called it as a king,i think good currency is need by each countries,and its diffeerent in almost each cuntries,and bitcoin will not become king of currency because bitcoin have limited access.

The king of curriency is still dollars as you can see it right now dollars  is used to all of people as currency in world wide web and many people use it as their part of daily transaction online and america is the most powerfull country holding it. And i dont think bitcoin will surpass its fame and get the record of being king of all curriency bitcoin has many things to be proved yet and  it needs for now acceptance to leading stores.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: rickadone on April 28, 2016, 09:04:51 AM
It can never be a king of currency, stop dreaming, the users of bitcoin are less then 10% across the globe, how can you expect that it will reach to 100% in coming years.

Actually I think it's even less than 10% across the glob. However it says nothing about the future of Bitcoin. The speed of adoption is unpredictable so it's pretty possible it will reach 90% in the near future.
Yes the near future is the future of bitcoin and at that time biotin will have the power of currency and its usage will cross 90% and it will be the king of all other currencies which we will call as the global currency.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: vero on April 28, 2016, 09:36:55 AM
Bitcoin is the king than all coins cryptocurrency we can't look bitcoin standing side by side with fiat money.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: DashCoinDark on April 28, 2016, 11:05:49 AM
That is only possible if Bitcoin is going to be more used and also more worth otherwise it will have still haters and many people are going to use their own money.
But the chance is high that it can be the most used payment method  also and that would be nice.
Bitcoin is still more worth and it do not have haters, everyone love to bitcoin and everyone is happy with its benefits, everyone is earning a good profit with this currency and it is going to be the king of all other currencies.
It is only possible if Bitcoin is getting more used otherwise it would be not possible because there are still a lot of people that doesnt even know what Bitcoin is.
So we have to change that and promote Bitcoin more so it will be more used and that would be nice for the currency itself.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: eternalgloom on April 28, 2016, 11:18:33 AM
That is only possible if Bitcoin is going to be more used and also more worth otherwise it will have still haters and many people are going to use their own money.
But the chance is high that it can be the most used payment method  also and that would be nice.
Yes, there are high chances for the bitcoin that it becomes a king of currencies and it will have the more users than any other currency, as the adoption rate of bitcoin is now going to be much faster which is its guarantee.
There is no way of knowing that there's a high chance that Bitcoin will become a major currency, I'd say it's pretty unlikely since it's just too complicated for the average joe to understand.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: thend1949 on April 28, 2016, 12:15:08 PM
I think bitcoin is ahead in currency because this crypto currency are have many ways to get earn but the problem in this coin is theres no physical appearance so i dont think that this crypto coin be a new king of crypto currency


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Hazir on April 28, 2016, 12:28:30 PM
Despite the fact that bitcoin is not backed by anything it has been growing for more than ten years now. I do not see the shortcomings he is talking about except that it's anonymous and that depends on which side of the fence you are.
It is not that bitcoin is not backed by anything. Bitcoins have value because they are useful and because they are scarce.
And Blockchain as the backbone of bitcoin network could be used as ultimate and the best ledger on our planet which alone is very valuable.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: darewaller on April 28, 2016, 04:44:43 PM
No the bitcoin can not become this, there are just too many currency's that are way bigger than the bitcoin itself.
I think banks will try to stop this and they will succeed with a replacement of the bitcoin with another coin that is made by banks...
No it will not happen as you said, bitcoin has its roots firmed in the financial system of the world and now everyone have some amount of bitcoin and they are relying on it and so they do not want that bitcoin go to die so they will support it with full struggle.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: moviebuff777 on April 28, 2016, 04:52:14 PM
A lot of transaction we do every day are done electronically with US dollars (credit cards, paypal, electronic drafts from bank accounts, etc.)  I think fiat can still be the king even if it goes all electronic.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: upsidedown75 on April 29, 2016, 05:51:53 PM
No the bitcoin can not become this, there are just too many currency's that are way bigger than the bitcoin itself.
I think banks will try to stop this and they will succeed with a replacement of the bitcoin with another coin that is made by banks...
Bitcoin can hypothetically become the king of currency due to it's relative ease of use and it's ability to be simply transferred all over the world, but I agree with your statement about other, bigger currencies being able to snuff out the potential for Bitcoin to be anywhere close to receiving such a title.

Banks have already tried to develop alts for Bitcoin, and so far they have all been fairly poor and half-assed attempts at accomplishing something.
Those attempts against the bitcoin are just the useless attempts by the people who are against bitcoin and bitcoin from now is going to increase in price and will continue to get the success and one day it will be the king.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: BitsandBites on April 29, 2016, 08:17:11 PM
A lot of transaction we do every day are done electronically with US dollars (credit cards, paypal, electronic drafts from bank accounts, etc.)  I think fiat can still be the king even if it goes all electronic.

I'm also thinking this other currency's are way bigger than the bitcoin and this also why I think it will never happen.
The dollar will also be fully digital on a day and other currency's also..


Title: Re: Could Bitcoin be the New King of Currency?
Post by: actmyname on April 29, 2016, 09:35:02 PM
Bitgold is not very popular, does not matter, that it is backed by gold. Bitcoin is much more popular.  ;D

The backing of currencies still has some weight to them. Keep in mind that paper money is also much more popular than bitcoins. Does that mean in fact that we should instead always use paper money instead of anything else?

No.

Bitcoin has no intrinsic value and nor does paper money, but the perception of value allows it to keep its value.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Farma on April 29, 2016, 09:55:15 PM
of course you can, bitcoin currently has currency prices are the highest of all currencies. even if most people see bitcoin as gold. if bitcoin accepted throughout the country, it will definitely happen


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Tristana on April 30, 2016, 12:42:46 PM
I like bitcoin but I think I still like paper money more for now.

There is something about currency that you can hold in your fingers.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: MaritiJames3 on April 30, 2016, 05:46:19 PM
I like bitcoin but I think I still like paper money more for now.

There is something about currency that you can hold in your fingers.

The king of currency is the US dollar, this will be for at least a couple of years. Next in line is the euro and maybe on place 20 we can find bitcoin.
There is a long way to go will bitcoin become the new king.. and with that i mean a lot.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: voztata on May 01, 2016, 07:30:07 AM
I think bitcoin is ahead in currency because this crypto currency are have many ways to get earn but the problem in this coin is theres no physical appearance so i dont think that this crypto coin be a new king of crypto currency
It does not have any real appearance because it is a virtual currency and for a virtual currency why anyone will want a physical appearance, before the invention of it, it was decided to be the virtual currency and so it will be.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Enotche on May 01, 2016, 07:31:36 AM
I do not think so. Bitcoin is an alternative to the usual money. All that matters in popularity currencies. Conventional money knows everything, everything they are used, and with cryptocurrency familiar to only a small percentage of people. You can only rely on the development of technical knowledge in the people, and the promotion of Bitcoin in the future. To this must be at few years.But we must remember that the amount of Bitcoins is limited.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: KingdomHearts on May 01, 2016, 10:19:21 AM
There is no any problem with bitcoin , so bitcoin will be definitely the king of currency , everyone is adopting bitcoin and will prefer on the internet in the coming few years , and if someone is saying that there is any problem in that currency then they should have to support that currency so that the expert feel the need of it and work for it to resolve that problem with bitcoin.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: arwin100 on May 01, 2016, 12:27:06 PM
There is no any problem with bitcoin , so bitcoin will be definitely the king of currency , everyone is adopting bitcoin and will prefer on the internet in the coming few years , and if someone is saying that there is any problem in that currency then they should have to support that currency so that the expert feel the need of it and work for it to resolve that problem with bitcoin.

I could really tell that bitcoin cannot be the king of all curriency for now because the price of it is unstable and many people on the world dont know bitcoin and it really relays on dollar so it can be use to buy goods. And i really think the real king of all crypro curriences is dollar because you can use it anywhere you want even in online stores even any other country and many business adopts dollar and also many people know about dollar.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: LLec on May 01, 2016, 12:57:27 PM
There is no any problem with bitcoin , so bitcoin will be definitely the king of currency , everyone is adopting bitcoin and will prefer on the internet in the coming few years , and if someone is saying that there is any problem in that currency then they should have to support that currency so that the expert feel the need of it and work for it to resolve that problem with bitcoin.

I could really tell that bitcoin cannot be the king of all curriency for now because the price of it is unstable and many people on the world dont know bitcoin and it really relays on dollar so it can be use to buy goods. And i really think the real king of all crypro curriences is dollar because you can use it anywhere you want even in online stores even any other country and many business adopts dollar and also many people know about dollar.

I think that there is a lack of easy system or an a easy way to use in the real life.
So I can't pay bus ticket, or a coffee during a pause in a lesson.
When People could use bitcoin in this daily task I think that could be the new currency (or the strongest one ;) )


Title: Re: Could Bitcoin be the New King of Currency?
Post by: OrangeII on May 01, 2016, 01:36:29 PM
I do not think like that, I guess as good as any bitcoin, it will never replace the king of currencies today, because bitcoin only well-known and popular on the internet, even if it appears in the real world it would have been only a card


Title: Re: Could Bitcoin be the New King of Currency?
Post by: thejaytiesto on May 01, 2016, 02:30:54 PM
There is already a crypto-currency backed up by gold. It is called bitgold. It has been around since a year. But hearing about how they are a fraud has people not trusting in them.

Backing crypto in physical materials defeat the point of crypto.. which is to create scarcity without depending on a physical material. To be honest Bitcoin has no real competition, and it's features defeat all other forms of money we have ever seen. So yes, I can't see other way to define it but king of all currencies/commodities/whatever you want to call it.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Hazir on May 01, 2016, 02:59:55 PM
I do not think like that, I guess as good as any bitcoin, it will never replace the king of currencies today, because bitcoin only well-known and popular on the internet, even if it appears in the real world it would have been only a card
You know that our perception of "king of money" is biased, right? It is not that we had one currency which was on top for more than 2 hundred years years in our modern history.
Do you remember that Pound dominated the world for about 100 years and initially 1 Pound was worth $4 and now it is $1.5 and less per pound? 


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Snail2 on May 01, 2016, 03:05:50 PM
Indeed, backing a coin with a commodity isn't an easy business and mostly needs to be centralized. There was one notable exception: URO coin what was backed by urine (it's actually a valuable raw material https://en.wikipedia.org/wiki/Urine#Uses (https://en.wikipedia.org/wiki/Urine#Uses)) what is a rather distributed method :). URO later turned out to be a scam - maybe the devs developed kidney problems and had had some difficulties with backing their product - but still the best and most community driven approach what I've seen :). Also liked the idea of pissing money :D.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: sukamasoto on May 01, 2016, 03:30:26 PM
As we can see that bitcoin keep growing and many company try to use bitcoin as their transaction.

Also at my place , local restaurant already accept bitcoin so it will attract more bitcoin user for the future !


Title: Re: Could Bitcoin be the New King of Currency?
Post by: prtty2gal2 on May 01, 2016, 06:59:59 PM
I think bitcoin is ahead in currency because this crypto currency are have many ways to get earn but the problem in this coin is theres no physical appearance so i dont think that this crypto coin be a new king of crypto currency
Yes, it do not have any physical appearance but still I think it will be the king of all other currencies as more people like that currency for their online businesses and for online transaction bitcoin is a more reliable currency.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: raphma on May 01, 2016, 11:05:41 PM
As a trader, i dont care if it going up or down, i profit in both.
but, i do think we should diversify our investment. Gold, bitcoin, forex, lending, they are all good ideas.

and, i do think our future lies in bitcoin(at least for a few years).


Title: Re: Could Bitcoin be the New King of Currency?
Post by: DavidoAlto on May 02, 2016, 07:16:10 AM
I think bitcoin is ahead in currency because this crypto currency are have many ways to get earn but the problem in this coin is theres no physical appearance so i dont think that this crypto coin be a new king of crypto currency
Yes, it do not have any physical appearance but still I think it will be the king of all other currencies as more people like that currency for their online businesses and for online transaction bitcoin is a more reliable currency.
Bitcoin can be the new currency and that is quite nice for the future because everything is also getting more digital and that is perfect for the currency.

But we have to make it also more popular and that is hard to get that because you must also win their trust if you want to let them to use Bitcoin.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: n0ne on May 02, 2016, 10:25:35 AM
Bitcoin has a growing potential, which no other alternatives have. Also with this facts and increased adoption that is continuing bitcoin would surely be the king of cryptocurrencies.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: saiha on May 02, 2016, 02:28:17 PM
No, dollars is still the king of currency as many countries recognize that currency (US Dollars).
And it will still be, because remember that government is controlling monetary units.
And we all know that US Dollar has a big influence for every country.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: upsidedown75 on May 02, 2016, 03:27:42 PM
A lot of transaction we do every day are done electronically with US dollars (credit cards, paypal, electronic drafts from bank accounts, etc.)  I think fiat can still be the king even if it goes all electronic.
Yes these transactions are done electronically and bitcoin transaction is also electronic and the fact is that people like bitcoin more than any other digital payment system especially paypal which is sucking our money with fraudulent freezes etc.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: ElpadroBitcoin on May 09, 2016, 11:57:03 AM
It already is the king of the online currency because I believe that it started the whole online currency thing. But for it the be the King of the currency of the world that is not going to happen. There are just so much currencies in the world that it is almost impossible.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: MWesterweele on June 04, 2016, 08:53:12 AM
For me being a bitcoin enthusiast i believe that bitcoin can.In  crypto currency world bitcoin is already the king of  all crypto currency,root of all crypto currency.But in terms of physical currency.I think bitcoin has potential but he cant be the king of  physical currency.It is just like battling with the government.Although bitcoin has pontential but i think bitcoin cant beat other physical currency


Title: Re: Could Bitcoin be the New King of Currency?
Post by: saiha on June 04, 2016, 10:09:05 AM
It already is the king of the online currency because I believe that it started the whole online currency thing. But for it the be the King of the currency of the world that is not going to happen. There are just so much currencies in the world that it is almost impossible.

I can't say the bitcoin will be the new king of currency, because when we are talking about currency it scopes all countries currency, and in this aspect I can say that still USD is the king of currency. But if op will add up to the title 'new king of online/digital currency'.
I would probably agree on it.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: mindrust on June 04, 2016, 10:13:58 AM
Bitcoin is the king of crypto currenes since from the start. Litecoin, nxt, eth, ripple and many others tried to take its place but they all failed eventually.

On the other hand,  bitcoin is not near anything about being the king of all currencies at all. USD is still the king and always will be.

In a world where USD is the king, bitcoin can only be his cupbearer.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: saiha on June 04, 2016, 10:44:53 AM
Bitcoin is the king of crypto currenes since from the start. Litecoin, nxt, eth, ripple and many others tried to take its place but they all failed eventually.

On the other hand,  bitcoin is not near anything about being the king of all currencies at all. USD is still the king and always will be.

In a world where USD is the king, bitcoin can only be his cupbearer.

When we are talking about currency, all currency including usd,euro and other countries currency are included. But still I can't say that btc
will be the new king of currency, he needs to surpass first the usage of usd before being the king of currency.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Nouelle-Hunter on June 10, 2016, 01:51:24 AM
Hmmmm bitcoin itself now is a king already on cryptocurrency world.It has the highest price of all and always at the top of al currency.But if you're asking bitcoin being king of fiat currency that is the imposible thing even if bitcoin will hiy $10000 in future.Because USD is always on the top of all fiat because of its popularity


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Cybertron00 on June 10, 2016, 02:19:28 AM
Well maybe its possible and maybe not. Maybe in 2026 bitcoin is the king and will dethrone dollars and maybe bitcoin have no value by that time. Only time will tell what will happen to bitcoin in the future.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: hasiramasenju on June 10, 2016, 06:04:24 AM
No, dollars is still the king of currency as many countries recognize that currency (US Dollars).
And it will still be, because remember that government is controlling monetary units.
And we all know that US Dollar has a big influence for every country.
agree with you and it would not be easy to beat Dollar because even though bitcoin growth with very good and more popular every day but some countries still not believe with bitcoin and this is would be difficult to bitcoin become the king of currency


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Dwelach on June 10, 2016, 07:49:04 AM
You can already see now indeed that Bitcoin is becoming more popular and that is perfect but there are still a lot of people that is still using their own payment method.
Because they dont even know what Bitcoin is so that have to change and we must promote it more to get it more popular.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: mariz on June 10, 2016, 10:14:06 AM
bitcoin is the top of crypto currency, dunno if it will be the king of all currency, you will not use bitcoin to buy 1 candy in a store for your kid. or a kid will not use bitcoin to buy 1 lolipop in a store, so basically USD or countries currency will not be gone because of bitcoin, some will use it some will not.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: yenxz on June 10, 2016, 12:06:37 PM
its hard for bitcoin to be next or new king of currency,bitcoin should pass many way to be king of currency,get into goverment and ruled. king of currency should be accepted in every people,every country and have stable price.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: iqlimasyadiqa on June 10, 2016, 12:11:27 PM
bitcoin is the top of crypto currency, dunno if it will be the king of all currency, you will not use bitcoin to buy 1 candy in a store for your kid. or a kid will not use bitcoin to buy 1 lolipop in a store, so basically USD or countries currency will not be gone because of bitcoin, some will use it some will not.
yes it is not possible at this time. but, maybe a few years things have changed. the development of technology. everyone could be planted with a number of chips in his body. so that the chips are connected to the bitcoin wallet owned. all Sycnhrone automatically.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Shinpako09 on June 10, 2016, 12:42:23 PM
I believe in bitcoin but i dont think bitcoin will be ahead of those fiat out there in real world. Maybe bitcoin will become ahead of them in online world.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: rio3233 on June 10, 2016, 12:50:04 PM
Yes it could. Maybe someday bitcoin be the next king of digital currencies. As you can see, the price of bitcoin is really high right now, it can attract more people to use bitcoin and become popular.


Title: Re: Could Bitcoin be the New King of Currency?
Post by: DeDordtenaar on June 10, 2016, 02:28:10 PM
I think bitcoin is ahead in currency because this crypto currency are have many ways to get earn but the problem in this coin is theres no physical appearance so i dont think that this crypto coin be a new king of crypto currency
Yes, it do not have any physical appearance but still I think it will be the king of all other currencies as more people like that currency for their online businesses and for online transaction bitcoin is a more reliable currency.
Hey dude you should know that digital is something that will be much needed in the era of highly sophisticated everyone will require an instant payment instead of using physical media anymore? moreover bitcoin already king to cryptocurrency? Lol


Title: Re: Could Bitcoin be the New King of Currency?
Post by: Farma on June 10, 2016, 03:02:43 PM
I believe in bitcoin but i dont think bitcoin will be ahead of those fiat out there in real world. Maybe bitcoin will become ahead of them in online world.
if it's on the internet, of course bitcoin currency will be king. but I think bitcoin will be unable to compete in the real world, because most people do not know how to use them. I think the USD will remain the king of currencies in the real world