fearcoka
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Activity: 1008
Merit: 1000
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December 24, 2017, 11:02:34 PM |
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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. Yes, Bitcoin can be a great tool to global transfer money or investment, but if anyone want it to becomes a currency for payment, I think it's bad choice. While the ability and function of FIAT gave them many profits and easy to use anywhere, cryptocurrency and Bitcoin limited us use internet to use our money. |
Just Nao Tomori and Bitcoin ( ͡° ͜ʖ ͡°)
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Shrinath
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Activity: 112
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December 25, 2017, 12:58:21 AM |
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In the world economy both fiat money and crypto currency need to exist side by side.
In the first world countries where there is ever increasing GDP levels, bitcoin has already been introduced in their payment system. This has led to big multinational companies, like Amazon, started using bitcoin. They can think of moving towards a cashless society.
However, in the third world countries the level of poverty is so high that we see an ever decreasing GDP levels. The major crowd cannot even afford their basic necessities of life (food, clothes and shelter). Here it is almost impossible to introduce the concept of crypto-currency, including the far reaching effects of internet. To make both the ends meet here fiat money need to exist.
At any point in time since there is always a difference in the economy of all the countries, fiat money will always need the presence of crypto currency to survive.
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pelipurlara
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Activity: 364
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December 25, 2017, 01:32:44 AM |
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yes it's my hope as a bitcoin currency holder, for now many global people are interested in bitcoin, and it is not possible next 15 years interest in dollar will be replaced with bitcoin |
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Lonthe
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December 25, 2017, 02:21:47 AM |
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I was never convinced that the dollar could be replaced with bitcoin, this is an exaggeration assumption because the dollar is the strongest currency and is supported by the USA country which is the world's strongest nation.
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Arkham Knight
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December 25, 2017, 02:37:12 AM |
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Bitcoin still have a long way to go. We barely can't implement mass adoption right now because there are two huge sides where one agree and one doesn't on this situation. I think it can only happen if majority accepts btc already.
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Rufsilf
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Leading Crypto Sports Betting & Casino Platform
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December 25, 2017, 02:45:30 AM |
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Bitcoin still have a long way to go. We barely can't implement mass adoption right now because there are two huge sides where one agree and one doesn't on this situation. I think it can only happen if majority accepts btc already.
Even though the majority will accept bitcoin then it is still not enough to expect that bitcoin will replace dollar because dollar is a must in our world and so does the other fiat currencies. Bitcoin and other cryptocurrencies are just digital money that we can use in other stuff but they are not created to replace dollar. |
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HarleyQuinn9876
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December 25, 2017, 02:57:25 AM |
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This may happen but I think it will be over 15 years. When technology develops worldwide, the world economy is not under the control of the US economy, then the bitcoin is enough to replace the dollar. |
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poisonivy77
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December 25, 2017, 03:15:58 AM |
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Well it is possible that bitcoin could replace dollar in one of the years coming but the real deal is that will the government allow it? Its decentralization is one of the reason why I can't see a clear possibility that it will be replacing dollars soon. |
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intoy_victor
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December 25, 2017, 04:00:30 AM |
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No it will not be. Dollar is one of international currency and dollar is a local currency of USA how could it change bitcoin. Surely it will affect the economy of US and also to the foreign exchange. And also could affect to the allied country. Because of very high value of bitcoin.
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Pejoh Asu
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December 25, 2017, 05:28:43 AM |
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I'm not sure that the presence of bitcoin can replace the dollar, bitcoin is still inferior to the dollar in any case, I'm sure that the bitcoin price increase is also due to the influence of the dollar, especially the dollar is the currency that all countries use for transactions.
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pjhom
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December 25, 2017, 05:49:47 AM |
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No way it replaces dollar - but certainly it can supplement it. I think more and more online retailers will accept crypto in the coming months and years. I think govt's will adopt their own crypto to digitize and better track the flow of money - it allows them the ultimate control and facilitates taxing.
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jassanpary
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Merit: 102
Arianee:Smart-link Connecting Owners,Assets,Brands
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December 25, 2017, 09:00:31 AM |
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No it will not be. Dollar is one of international currency and dollar is a local currency of USA how could it change bitcoin. Surely it will affect the economy of US and also to the foreign exchange. And also could affect to the allied country. Because of very high value of bitcoin.
Dollars are used by ancient times, bitcoin only in the last 8 year's, so replacing dollar by bitcoin is infeasible. Bitcoin is a digital currency it can't be used for offline transactions, dollars can be used anywhere. Moreover government will not permit to scrap dollar for the bitcois. |
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Glorious04
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December 25, 2017, 09:41:12 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 You said it right when you say along with dollar. I dont think bitcoin will be able to stand with out fiat because by then if there will be no fiat, the value of bitcoin will not be determined. We will never know to what we will base the value of dollar. Anyway, it is like gold, an asset and gold’s value is determined by fiat or any circulating physical currency. So how would we know bitcoin cost howmany $$ per gram if there is no dollar? |
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gordonsam32
Newbie
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Activity: 107
Merit: 0
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December 25, 2017, 09:42:27 AM |
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No matter how many trillions the US is in debt, I seriously doubt that they would allow the dollar to collapse or else the world will be in utter chaos.
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Glorious04
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December 25, 2017, 09:44:15 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. Exactly but all those transactions are based in the value of dollar. With out dollar it will be valueless. It is like cooking food with out salt. The food may exist but without the salt we will never what taste would it have. Same with bitcoin, it may exist but with out fiat we will never know its value since it depends in fiat. |
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Farvin2
Jr. Member
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Activity: 168
Merit: 3
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December 25, 2017, 10:12:42 AM |
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Bitcoin indeed something big and famous now, but to replace the dollar in 15 years i think it is difficult. There are still many people who do not yet know about bitcoin. |
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Lowleary
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Activity: 143
Merit: 10
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December 25, 2017, 12:06:48 PM |
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after 15 year bitcoin can replace dollar as safe investment but can’t replace paper money like dollar or other. in future we will buy bitcoin more than cars |
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handsomes
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Activity: 238
Merit: 10
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December 25, 2017, 03:32:03 PM |
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I think no, because bitcoin can not be replaced bitcoin is transaction bitcoin we can fix it into him do not replace any money like Dollar, Dollar is use in USD for america which is to get things and use your fiat i think can't happen.
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superjampot
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Activity: 18
Merit: 0
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December 25, 2017, 03:36:48 PM |
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No this will not happen, the bitcoin has to many haters around the globe on this moment, the bank will never let this happen this is because of the thing they only want the system of it.
They love the blockchain but hate the bitcoin because they cannot control the people with it.
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Rajatruck
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Activity: 109
Merit: 10
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December 25, 2017, 03:39:34 PM |
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I do not see how such an unstable currency could replace the currency as we know it today
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