|
n3o111
|
 |
June 16, 2016, 09:50:24 AM |
|
I think the dollar is very unsteady and probably in for a crisis of some sort, but bitcoin doesn't seem to be in a position to take over. It would take down the entire fractional reserve banking system that the elite have relied on for the past several hundred years. There is no way they would let that happen. I'm not saying a digital currency is not in the interest of the central banks, but a finite supply? No way. Bitcoin might hold its value and increase, but I can't see central banks adopting it before they try to replace it with their own.
|
|
|
|
|
|
|
|
|
|
|
|
"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
RoseMann
|
|
June 16, 2016, 10:40:05 AM |
|
I think the dollar is very unsteady and probably in for a crisis of some sort, but bitcoin doesn't seem to be in a position to take over. It would take down the entire fractional reserve banking system that the elite have relied on for the past several hundred years. There is no way they would let that happen. I'm not saying a digital currency is not in the interest of the central banks, but a finite supply? No way. Bitcoin might hold its value and increase, but I can't see central banks adopting it before they try to replace it with their own.
It will take many decades for the bitcoin market capitalisation to be as high as the US dollar. We have to be patient. |
|
|
|
talkbitcoin
Legendary
 Offline
Activity: 1372
Merit: 1032
All I know is that I know nothing.
|
|
June 16, 2016, 10:44:55 AM |
|
i don't think bitcoin or any other cryptocurrency can ever replace fiat as a centralized money.
it needs a lot of years to pass and the technology to grow so much more than todays technology to
|
|
|
|
deisik
Legendary
Offline
Activity: 3430
Merit: 1280
English ⬄ Russian Translation Services
|
|
June 16, 2016, 10:59:32 AM |
|
I think the dollar is very unsteady and probably in for a crisis of some sort, but bitcoin doesn't seem to be in a position to take over. It would take down the entire fractional reserve banking system that the elite have relied on for the past several hundred years. There is no way they would let that happen. I'm not saying a digital currency is not in the interest of the central banks, but a finite supply? No way. Bitcoin might hold its value and increase, but I can't see central banks adopting it before they try to replace it with their own.
Their own will be just another dollar (euro if not reichsmark) or whatever as it has always been in the past with so many paper monies. In fact, the US dollar itself had been softly reset in 1933 when the authentic gold backed dollars ("greenbacks") had been finally abandoned in favor of the Federal Reserve notes... Which were no longer to be redeemed in gold according to the Emergency Banking Act of 1933 |
|
|
|
universe_
Sr. Member
Offline
Activity: 448
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
|
|
June 16, 2016, 11:05:26 AM |
|
i don't think bitcoin or any other cryptocurrency can ever replace fiat as a centralized money.
it needs a lot of years to pass and the technology to grow so much more than todays technology to
i think that it is really possible in the near future so i would have to disagree with you because people will surely not like holding their money in banks that just gives loans of those money i think bitcoin will definitely replace dollar in like a few upcoming decades when all the banks will start going down and when all people will stop using their fiat and start buying bitcoins |
|
|
|
|
greatr
|
|
June 16, 2016, 12:19:40 PM |
|
i don't think bitcoin or any other cryptocurrency can ever replace fiat as a centralized money.
it needs a lot of years to pass and the technology to grow so much more than todays technology to
i think that you might be right to be honest because in my opinion people will not just start using bitcoins i hope that bitcoin will replace one day dollar though it will be really hard because bitcoin has to be adopted more |
|
|
|
|
|
RoseMann
|
|
June 17, 2016, 05:53:03 AM |
|
i don't think bitcoin or any other cryptocurrency can ever replace fiat as a centralized money.
it needs a lot of years to pass and the technology to grow so much more than todays technology to
i think that you might be right to be honest because in my opinion people will not just start using bitcoins i hope that bitcoin will replace one day dollar though it will be really hard because bitcoin has to be adopted more That is my hope as well. I wish we can use a non-inflationary currency in the future so it will not devalue year after year. |
|
|
|
|
fearlesscat10
|
|
June 17, 2016, 06:15:06 AM |
|
i don't think bitcoin or any other cryptocurrency can ever replace fiat as a centralized money.
it needs a lot of years to pass and the technology to grow so much more than todays technology to
i think that you might be right to be honest because in my opinion people will not just start using bitcoins i hope that bitcoin will replace one day dollar though it will be really hard because bitcoin has to be adopted more That is my hope as well. I wish we can use a non-inflationary currency in the future so it will not devalue year after year. Yes, bitcoin is very special in that it is deflationary. But I don't think it'll replace the dollar anytime soon. We would need more adoption for that to happen. Maybe sometime in 2020. |
|
|
|
|
Jmild1
|
|
June 17, 2016, 06:42:22 AM |
|
i don't think bitcoin or any other cryptocurrency can ever replace fiat as a centralized money.
it needs a lot of years to pass and the technology to grow so much more than todays technology to
i think that you might be right to be honest because in my opinion people will not just start using bitcoins i hope that bitcoin will replace one day dollar though it will be really hard because bitcoin has to be adopted more That is my hope as well. I wish we can use a non-inflationary currency in the future so it will not devalue year after year. Yes, bitcoin is very special in that it is deflationary. But I don't think it'll replace the dollar anytime soon. We would need more adoption for that to happen. Maybe sometime in 2020. When technology will continue to develop and be use all over the world we will see a mass adoption to bitcoin and that would probably happen. The only thing we need is time. |
|
|
|
|
|
sobsitesearch
|
|
June 17, 2016, 07:39:17 AM |
|
Dollar is still rare than bitcoin it is centralize currency which all people know that currency while bitcoin is just decentralize currency which can be used in online transaction and not all people knowing this crypto currency.
|
|
|
|
|
|
Shibashi Dogemoto
|
|
June 17, 2016, 07:44:47 AM |
|
i don't think bitcoin or any other cryptocurrency can ever replace fiat as a centralized money.
it needs a lot of years to pass and the technology to grow so much more than todays technology to
i think that you might be right to be honest because in my opinion people will not just start using bitcoins i hope that bitcoin will replace one day dollar though it will be really hard because bitcoin has to be adopted more That is my hope as well. I wish we can use a non-inflationary currency in the future so it will not devalue year after year. Yes, bitcoin is very special in that it is deflationary. But I don't think it'll replace the dollar anytime soon. We would need more adoption for that to happen. Maybe sometime in 2020. When technology will continue to develop and be use all over the world we will see a mass adoption to bitcoin and that would probably happen. The only thing we need is time. Bitcoin will be used and accepted like dollar in future but the first choice of people would be dollar as they find it more convenient so I don't think bitcoin can replace dollar in future. |
|
|
|
|
|
Schuyler
|
|
June 17, 2016, 09:04:45 AM |
|
Very unlikely for bitcoin to replace the dollar. The dollar is controlled by the governments, backed by gold and used the world over. Bitcoin is great as an alternate currency and for those who prefer anonymity and decentralization.
|
|
|
|
|
|
DarkThrones
|
|
June 17, 2016, 09:21:48 AM |
|
Very unlikely for bitcoin to replace the dollar. The dollar is controlled by the governments, backed by gold and used the world over. Bitcoin is great as an alternate currency and for those who prefer anonymity and decentralization.
Governments and banks are actively looking into Bitcoin technology. While they may not decide to use Bitcoin really doesn't matter because now they have legitimised it and Bitcoin is unstoppable. If i could pay my rent, food and utilites in btc I'd already do that |
|
|
|
|
|
Jmild1
|
|
June 17, 2016, 10:45:14 AM |
|
i don't think bitcoin or any other cryptocurrency can ever replace fiat as a centralized money.
it needs a lot of years to pass and the technology to grow so much more than todays technology to
i think that you might be right to be honest because in my opinion people will not just start using bitcoins i hope that bitcoin will replace one day dollar though it will be really hard because bitcoin has to be adopted more That is my hope as well. I wish we can use a non-inflationary currency in the future so it will not devalue year after year. Yes, bitcoin is very special in that it is deflationary. But I don't think it'll replace the dollar anytime soon. We would need more adoption for that to happen. Maybe sometime in 2020. When technology will continue to develop and be use all over the world we will see a mass adoption to bitcoin and that would probably happen. The only thing we need is time. Bitcoin will be used and accepted like dollar in future but the first choice of people would be dollar as they find it more convenient so I don't think bitcoin can replace dollar in future. But if when time comes that we see technology is making a big progress on our lives thats the time bitcoin might replace fiat because it is related with technology why fiat is just a physical paper money that can be manipulated. |
|
|
|
|
danherbias07
Legendary
 Online
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
|
|
June 17, 2016, 11:04:26 AM |
|
i don't think bitcoin or any other cryptocurrency can ever replace fiat as a centralized money.
it needs a lot of years to pass and the technology to grow so much more than todays technology to
i think that you might be right to be honest because in my opinion people will not just start using bitcoins i hope that bitcoin will replace one day dollar though it will be really hard because bitcoin has to be adopted more That is my hope as well. I wish we can use a non-inflationary currency in the future so it will not devalue year after year. Yes, bitcoin is very special in that it is deflationary. But I don't think it'll replace the dollar anytime soon. We would need more adoption for that to happen. Maybe sometime in 2020. When technology will continue to develop and be use all over the world we will see a mass adoption to bitcoin and that would probably happen. The only thing we need is time. Bitcoin will be used and accepted like dollar in future but the first choice of people would be dollar as they find it more convenient so I don't think bitcoin can replace dollar in future. But if when time comes that we see technology is making a big progress on our lives thats the time bitcoin might replace fiat because it is related with technology why fiat is just a physical paper money that can be manipulated. That time wont happen that easily. Even if technology gets higher people tend to look for something that easier. Something that is physically seen and can be touched also. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
|
Jmild1
|
|
June 17, 2016, 11:10:55 AM |
|
i don't think bitcoin or any other cryptocurrency can ever replace fiat as a centralized money.
it needs a lot of years to pass and the technology to grow so much more than todays technology to
i think that you might be right to be honest because in my opinion people will not just start using bitcoins i hope that bitcoin will replace one day dollar though it will be really hard because bitcoin has to be adopted more That is my hope as well. I wish we can use a non-inflationary currency in the future so it will not devalue year after year. Yes, bitcoin is very special in that it is deflationary. But I don't think it'll replace the dollar anytime soon. We would need more adoption for that to happen. Maybe sometime in 2020. When technology will continue to develop and be use all over the world we will see a mass adoption to bitcoin and that would probably happen. The only thing we need is time. Bitcoin will be used and accepted like dollar in future but the first choice of people would be dollar as they find it more convenient so I don't think bitcoin can replace dollar in future. But if when time comes that we see technology is making a big progress on our lives thats the time bitcoin might replace fiat because it is related with technology why fiat is just a physical paper money that can be manipulated. That time wont happen that easily. Even if technology gets higher people tend to look for something that easier. Something that is physically seen and can be touched also. Isnt a technology making things easier? Cars is a technoogy that we use to travel. I think bitcoin is way easier and user-friendly to use than fiat. You can have millions value of bitcoin without holding a lot of money. And there might be a new way to spend bitcoin like swiping a card and automatically deduct the price of the product on your wallet card. |
|
|
|
|
pereira4
Legendary
Offline
Activity: 1610
Merit: 1183
|
|
June 17, 2016, 11:26:21 AM |
|
Technology is replacing jobs constantly, more jobs are being automatized by technology than new ones are created, therefore in the long term the unemployment can only rise.
|
|
|
|
|
|
tabas
|
|
June 17, 2016, 12:34:45 PM |
|
Technology is replacing jobs constantly, more jobs are being automatized by technology than new ones are created, therefore in the long term the unemployment can only rise.
But the title is asking that bitcoin will replace dollar soon? Or it is associated with your opinion that the technology is replacing jobs constantly. Which technology (bitcoin) is going to replace the payment of fiat money (dollar) in the future. |
|
|
|
|
Colt22
|
|
June 17, 2016, 12:47:28 PM |
|
Dollar is too much popular and it has taken a large period to make his place in world economy so bitcoin will also require a hard struggle and a longer period to make a place resemble to dollar, but do not think that it will replace or not.
|
|
|
|
|
|
martinacar
|
|
June 17, 2016, 01:36:35 PM |
|
Dollar is too much popular and it has taken a large period to make his place in world economy so bitcoin will also require a hard struggle and a longer period to make a place resemble to dollar, but do not think that it will replace or not.
The dollar is way too big, and the bitcoin is now way too small to do this, maybe in the future it got a chance but I honestly think its gonna be very difficult to do this even in the future. |
|
|
|
|
|
