martin.k
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December 15, 2017, 05:41:21 PM |
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I was having discussion with my colleagues today regarding that.
At the end we came to few new questions: Will the governments allow cryptocurrencies to replace current currencies and change the economical structure of every single country? How many walls would be taken away if this happens? How would dominant countries continue their domination if this happens? and so many other things.
I think at some point US will try to destroy any cryptocurrency that it can not control/centralize. But who really knows what would happen. lets wait and see!
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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vainhaver
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December 15, 2017, 06:07:32 PM |
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at 2030 bitcoin may replace most of paying companies like okpay,.... at 2050 bitcoin may replace paypal at 2070 bitcoin may replace cards at 2200 bitcoin may replace dollar |
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ASICHEAD
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December 17, 2017, 11:13:21 PM |
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of course the dollar can not be replaced with bitcoin because the dollar is one of the most powerful currency in the world and legally still used as a reference currency by many countries
of course, I can't argue...the dollar will always live, and the cryptocurrency, may just be able to be near Maybe, we will use new currency to replace Dollar used under paper money, but dollar still exist in other platform as credit card. Digital money used blockchain technology is the next currency for the world's economy. I am sure we will use this currency to replace current system. |
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Freyya08
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December 17, 2017, 11:32:12 PM |
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It may seem possible due to its unexpected growth and potential but i doubt the goverment will allow it since bitcoin is a decentralized system, which means no one can ever take hold of it. Though acceptance of bitcoin as payment in purchasing stuffs or as payment in skmw transacrions or bills is possible, but bitcoin replacing dollar is quite an impossible event to happen.
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Xanxus024
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December 18, 2017, 04:04:54 AM |
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Bitcoin cannot replace dollar because bitcoin has no physical form and bitcoin has a limited supply although the popularity of bitcoin is still increasing but not all people know about the existence of bitcoin and dollar used over 100 years so it's difficult to replace so easily.
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MerrickMaverick
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December 18, 2017, 04:08:07 AM |
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Bitcoin can replace dollar and any currency out there, however it would not happen in our lifetime, I hope, because this will come with a fatal crash of the system.
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Enjorlas
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December 18, 2017, 04:09:38 AM |
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As long as it's unstable, it can't be a currency, it can only be used for speculation purposes
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GYA
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December 18, 2017, 04:37:49 AM |
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Bitcoin has a great idea behind, nut as I see it is better to use it and other cryptocurrency as replacement for stock exchange. It is much more visible for stockholders with bitcoin than with stocks. You can't just in 1 time make another 1 billion of bitcoin as usually companies do with great idea business. Just remember Facebook.
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warr1979
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December 19, 2017, 11:53:02 PM |
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As long as it's unstable, it can't be a currency, it can only be used for speculation purposes
High value, unstable, ... how do we use this currency for daily? It's very simple to understand, I don't know why others don't accept the fact is Bitcoin can't replace Dollar  . |
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avia
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December 19, 2017, 11:59:03 PM |
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I don't think it will replace dollar and i don't think any government would allow a digital currency to replace the current currency they are making. Bitcoin is a decentralized system and its quite impossible for the government to allow a decentralized system be in their monetary department. However, because of bitcoins improvement, its significance may be alligned to the significance lf a dollar or any foreign currency for that matter.
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princessfalcon
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December 20, 2017, 07:42:48 AM |
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I think, Bitcoin is for everybody. But, those who are educated and experienced inbitcoin, there are intense than common individuals.So it is relied by him who will do the work i bitcnin.o
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AwpDragonPoor
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December 20, 2017, 07:47:08 AM |
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It's impossible with the current volatility of cryptos right now. One moment, a coffee could be 3 dollars, the next it would be 2. It would be too unpredictable to replace dollars. It's more suited as an investment option though.
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ajdaj
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December 20, 2017, 08:26:28 AM |
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Maybe this should be, but I think that it would be great if the whole currency and the dollar and bitcoin would remain relevant. Not everyone can use bitcoin, and therefore bitcoin can not completely replace the dollar.
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kkukkugaga
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Hello World!
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December 20, 2017, 05:19:04 PM |
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I guess it's a no. btc is way different than dollar but it will be good if both will just stay the same.
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boutlinux
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December 21, 2017, 10:45:02 AM |
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I think that the government will never allow that, knowing how much they crave for power and control. But bitcoin can still be mainstream someday.
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Bandon
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December 21, 2017, 10:55:54 AM |
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I don't thnk bitcoin will replace dollar. Bitcoin is still not accepted worldwide. If more people use bitcoin though maybe bitcoin will replace dollar soon.
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nagatraju
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December 21, 2017, 11:10:41 AM |
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I think that the government will never allow that, knowing how much they crave for power and control. But bitcoin can still be mainstream someday.
yes, the government really can't admit that the dollar will collapse, but bitcoin can become something very important along with the dollar |
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CherRic
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December 21, 2017, 11:23:38 AM |
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I dont think bitcoin will replace dollar. Government always want some thing that they can control, and hold. Bitcoin cannot be controlled by anyone right one. |
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ricardobs
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December 22, 2017, 11:03:07 AM |
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I think that the government will never allow that, knowing how much they crave for power and control. But bitcoin can still be mainstream someday.
yes, the government really can't admit that the dollar will collapse, but bitcoin can become something very important along with the dollar So do you want Bitcoin to replace dollar? Cause thinking of such will be absolutely nonsense. Bitcoin is not a Currency, and neither does it have the qualities of a true currency. It can be cryptocurrency, that’s fine, and that’s what it was meant to be. We can be making use of Bitcoin for investment and for some peer-to-peer transaction or something similar. |
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tomalours
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December 22, 2017, 11:05:24 AM |
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Not sure the Bitcoin CAN replace the Dollar (soon) since the government will try either to kill it or tax it so much that it will lose its interest. If the Bitcoin resists a fez more years, yea dollar might worth nothing and be replaced by some crypto.
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