Discussion..the development of bitcoin in the future ??

[Kamote_1102]

For me, the purpose of Bitcoin is not to replace the banknotes of the fiat. It was made to be a digital currency that can be used over the Internet. and in case that Bitcoin will be a daily necessity for the people, it will still have a lot of discussions before it replaces fiat.

[Pffrt]

Why have you posted it here? Isn't it deserved to be posted on bitcoin discussion? However, I think BTC will be a core currency in near future and there will be no fiat currency but before that, there should be some more changes and development.

[Vart4varta]

Hi, I think that you are right, soon cryptocurrency will replace paper money. in some countries this can happen in 5 years, and in some countries 30 years.

[suprex333]

I don't think bitcoin will replace fiat, bitcoin and fiat have different functions and both run together and side by side and won't interfere with each other. Bitcoin development is very good so bitcoin has more fantasy value.

[Agutin]

with such volatility, hardly until they replace nothing. The only option is the stable coin. at the same time that Fiat would go into non-existence, you need access to the Internet for everyone anywhere in the world, and the elderly do not need this innovation

[aceustere]

I believe that the blockchain will be the future of the economy. You can see that the majority of projects are based on micro systems or merely serve the user's own goals. They focus on exploiting the endless potential of blockchain to serve the people in order to be more positive, effective and safe. Any one technology to "for the people". It will respond.

Yeah I agree with you. Blockchain is the new era technology and will bring very new things in our lives. Bitcoin is the future currency of the world and I think that when people use bitcoin as their regular currency all other currencies will be eliminated from the market. Bitcoin will take over the market and it is good because the whole world will use only bitcoin in the markets.

[Saugani]

It’s needed a long time might someday be achieved. We know the technology bitcoin it’s back-end blockchain and this new tech that still need to was developed.

If the fiat currency will replace I think system speed transactions like TPS need in increase and also against the regulations of the world.

Maybe, in the end this act will gradually replace paper money.
However, among the world's elite is very influential if fiat currencies replaced well a little difficult for it all

[rocketbits]

bitcoin and a number of other digital currencies will one day replace the position of banknotes as a medium of exchange. The reason is that this currency can correct problems that exist in paper currency, and indeed in history, the same thing always happens to new currencies that replace old currencies.

but how do you think

Exactly, there are many problems in paper/physical currency and governments have implememted limitations by many ways on fiat money.
So, people can clearly point out which currency to prefer for their future use and opt bitcoin as their primary currency and this act will gradually replace paper money

Ofcourse, you are right government will not give green signal for fait currency straight away. Real currency is one which heads the economy and growth of a country also they have to take the responsibility in tough situations. Like when the value goes down. I guess fiat currency will not be replaced as real  currency.

Yeah I believe that bitcoin will take over the market in the future. From barter system we reached to cryptocurrency. I don’t know about other cryptos but I am sure about bitcoin that it will be the mainstream and everyone will use bitcoin for his daily needs. We will enjoy cashless world in the future due to blockchian and crypto. Governments will also legalize bitcoin soon.

[gelinshidong]

bitcoin and a number of other digital currencies will one day replace the position of banknotes as a medium of exchange. The reason is that this currency can correct problems that exist in paper currency, and indeed in history, the same thing always happens to new currencies that replace old currencies.

but how do you think

I also think that cryptocurrencies will replace banknotes sooner or later. Because the banknote itself is the biggest bubble in the world, and comparing the cryptocurrency with the banknotes, we will find that many of the attributes of encryption are completely beyond the banknotes. This is the currency of future human needs.