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ArdiPrabowo
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February 01, 2017, 02:42:20 AM |
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I think bitcoin has the potential to replace not only the dollar but fiat as whole, the problem is I don’t think it is going to be anytime soon and also the governments will do anything they can to avoid that to happen.
what do you mean bitcoin can replace all fiat money youre mean bitcoin can official curency in the world, export and import all country paymen use bitcoin i think is never, bitcoin can't replace real curency in the world, imposible can replace dollar in real curency in the world |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Babayega31
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February 01, 2017, 03:26:53 AM |
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No, I don't think bitcoin will replace dollar soon because dollar fiat currency has a strong foundation along the worldwide currency. Both of them were having good advantages in terms of money economy, but some has optional decisions to take as their will to use it or not.
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ufaiz50
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February 01, 2017, 03:31:56 AM |
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maybe yes and could also not, impossible to know what happens in the future. of predictions of future technological advances will increase bitcoin might be an alternative currency and ended by replacing dolllar or may bitcoin can not replace the dollar as bitcoin is not neutral because it does not require the identity of the sender to transact
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Finestream
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February 01, 2017, 03:46:43 AM |
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maybe yes and could also not, impossible to know what happens in the future. of predictions of future technological advances will increase bitcoin might be an alternative currency and ended by replacing dolllar or may bitcoin can not replace the dollar as bitcoin is not neutral because it does not require the identity of the sender to transact
First, we need to understand what bitcoin is made for, it is not created to intentionally replace fiat. Dollar is a strong and popular currency and it cannot even replace the currency of poor countries, in every country we have our currency and although bitcoin is universal the way we see it, but the government does not consider it a serious innovation that the world should be using in lieu of fiat. |
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Schuyler
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February 01, 2017, 07:39:16 AM |
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I think bitcoin has a potential to replace dollar but not soon. It takes so many years and a lot of discussions and studies to do that. If the government allow to use bitcoin instead dollar in the future, we need to follow. Anyway,they were having both advantages in terms of money.
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Mr. Big
Member
Global Moderator
Legendary
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Activity: 2310
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While my guitar gently weeps!!!
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February 01, 2017, 07:50:50 AM |
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I think bitcoin has a potential to replace dollar but not soon. It takes so many years and a lot of discussions and studies to do that.
Actually, what I really think that could hinder the bitcoin from replacing the dollar is its number... It can't be enough... Not to mention that there are flaws still that others notice that needs fixing... If the government allow to use bitcoin instead dollar in the future, we need to follow. Anyway,they were having both advantages in terms of money.
Government will never replace dollar with something that has a price that keeps on moving...  |
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LOUISEBIT
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February 01, 2017, 09:03:47 AM |
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Make Bitcoin as a world currency is a very good wishes .Everyone will have their own wishes and it does not hurt to try and make it happen, but trying to make it happen is not as easy as it takes effort and struggle very hard to make your wishes come true. |
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Bitcoin0916
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February 01, 2017, 09:10:04 AM |
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I think bitcoin has a potential to replace dollar but not soon. It takes so many years and a lot of discussions and studies to do that. If the government allow to use bitcoin instead dollar in the future, we need to follow. Anyway,they were having both advantages in terms of money.
Maybe, as long as there is no country that admits it then bitcoin whenever going like this, I'm not sure that bitcoin can replace the dollar, we all know that the world is depends with dollar, when there is any to replace it, of course it took a very long time or the presence of unusual happen for example world war three. |
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mark coins
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February 01, 2017, 09:13:09 AM |
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Bitcoin and dollar has different uses but I strongly believe bitcoin will replace online payment system like cards and ecurrencies but dollar is hard cash backed by central bank so chances of bitcoin replacing dollar is almost zero |
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aarturka
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February 01, 2017, 09:37:14 AM |
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I have little doubt for some people like me it already took dollar's place in terms of means of saving securely and safely |
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nicolecan13
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Activity: 70
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February 01, 2017, 10:48:00 AM |
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No, I don't think bitcoin will replace dollar soon because I saw strong foundation of dollar for a long years, and its been dominating most of the worldwide currencies when we talk about businesses concerning exportations. Bitcoin has a good impact to the lives of the people specially when generating profitable income but it doesn't mean it will overcome dollar fiat currency, because btc economy is fluctuating.
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Botnake
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February 01, 2017, 11:05:01 AM |
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No, I don't think bitcoin will replace dollar soon because I saw strong foundation of dollar for a long years, and its been dominating most of the worldwide currencies when we talk about businesses concerning exportations. Bitcoin has a good impact to the lives of the people specially when generating profitable income but it doesn't mean it will overcome dollar fiat currency, because btc economy is fluctuating.
We do not even need to think hard because the obvious answer is they have different features, dollar is money while bitcoin is considered as asset or property. It cannot be spent without converting it to fiat and most likely to dollars since we have volume of users using USD. |
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kidoseagle0312
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February 01, 2017, 02:13:23 PM |
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We have our own discretion about in everything. Now regarding about your question, it is base on what he believing for, and I respect that. Though I know most of the community here they believed so much into bitcoin, they know it has something that bitcoin can do someday on which it will surely the community is the number one will be benefits for it. |
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mrjoy15
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February 01, 2017, 03:20:22 PM |
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Bitcoin and dollar has different uses but I strongly believe bitcoin will replace online payment system like cards and ecurrencies but dollar is hard cash backed by central bank so chances of bitcoin replacing dollar is almost zero First of all,Showing respect both of your believing.Regarding the following report ,I'm quite opposite that they believe.Dollar and Bitcoin seems like different in touch .in where FIAT currency like Dollar controlled by central banks.It's hard to believe that central bank of any country could be allowed cryptocurrency bitcoins even didn't possible primary choice! |
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noormcs5
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February 01, 2017, 03:26:17 PM |
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I think bitcoin has the potential to replace not only the dollar but fiat as whole, the problem is I don’t think it is going to be anytime soon and also the governments will do anything they can to avoid that to happen.
I guess so, time will come this thing is not impossible, things with bitcoin are now great so beating fiat is not impossible but just a hard time if so, because of the adaptation of the community of virtual money but for sure, once the government totally implemented bitcoin as their currency. |
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gabmen
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February 01, 2017, 05:07:43 PM |
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I think bitcoin has the potential to replace not only the dollar but fiat as whole, the problem is I don’t think it is going to be anytime soon and also the governments will do anything they can to avoid that to happen.
I guess so, time will come this thing is not impossible, things with bitcoin are now great so beating fiat is not impossible but just a hard time if so, because of the adaptation of the community of virtual money but for sure, once the government totally implemented bitcoin as their currency. well we all might not be alive anymore if ever that time comes. if you compare which is more accessible to most people in all levels of society, fiat does not have any competition. Yes bitcoin has every potential to be a main currency but definitely not the main currency. take for example those countries that has very limited internet access for the longest time. of course we have technology to consider and not all countries have the luxury to have decent internet access |
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carlerha
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February 01, 2017, 08:16:12 PM |
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No, I don't think bitcoin will replace dollar soon because I saw strong foundation of dollar for a long years, and its been dominating most of the worldwide currencies when we talk about businesses concerning exportations. Bitcoin has a good impact to the lives of the people specially when generating profitable income but it doesn't mean it will overcome dollar fiat currency, because btc economy is fluctuating.
yes i also agree with you. i also do not think that dollar cannot replace bitcoin soon, actually the users of bitcoin is not so much. people are currency using bitcoin for trading and investment. but in future bitcoin can only be used as currency and then we will be able to use bitcoin even in our local shops. |
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Doamader
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February 01, 2017, 08:54:30 PM |
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Its more easy dollar replace bitcoin, bitcoin still hiden for a big part of the world, making it a ghost currencie for the world. Even if we do will be alive to see the current fiat system be replaced by digital world, bitcoin wont be the solution to handle all transactions.
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Mr.grin
Legendary
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February 01, 2017, 09:26:56 PM |
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Its more easy dollar replace bitcoin, bitcoin still hiden for a big part of the world, making it a ghost currencie for the world. Even if we do will be alive to see the current fiat system be replaced by digital world, bitcoin wont be the solution to handle all transactions.
Well, I guess you're right. but, this time, bitcoin not be better than the dollar. bitcoin has not been recognized by the entire community, and yet are 100% legal, because there are some states that make it illegal bitcoin. it may be very many processes that must be passed to the bitcoin replace the dollar, and I am sure it is a long process. |
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Antibarcode
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February 01, 2017, 09:30:13 PM |
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If governments will find out how to tax bitcoin, why not?
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