The Death of Money

[RKing]

That is what I'm pointing out: it's clear that we aren't ready to use any cryptocurrency on a daily basis. It would take time for us to cope up, but we would get there soon.

It will take some time for cryptocurrency to be popular.

[Mickeyb]

I don't think that traditional money will die just like that. I think that people all over the world would be lost if that happens in the next 20 years. In a 100 years, this will probably happen.

Until then, blockchain tokens like Bitcoin will need to coexist with the traditional money. Is Bitcoin and money the future you asked? Most definitely in my opinion! Otherwise I wouldn't be here!

Hyperinflation happens very fast so you never know. There are many example where you can see that.

It does, but I still claim that the traditional money won't dissappear just like that. Older generation would never get used to only a digital currency. Do you know that in France still exist people that make all of the calculations from euros back to the francs? All of the prices are also shown in francs and in euros in stores.

Subsequently I think that the wave of the biggest change will be introduced by the banks and their private blockchains and private digital currencies!

[btcxyzzz]

Nothing could ever replace fiat or physical money, not even bicoins. Not that I don't believe in bitcoins, I do but I think bitcoins needs a lot more time to fully reach it's full potential.

In the first sentence you say "nothing could ever", in the seconds you say "needs lot more time to reach full potential". Make your mind, is it never or someday when it reaches full potential? I say Bitcoin (or some other better cryptocurrency will slowly replace fiat money in the next 20-30 years. Why? Because, simply told, it's better in every aspect and naturally it must win.

[HardcoreSuperstar]

Don't forget that most of the world population doesn't use Internet. So in my opinion it would be a very bad thing if "physical" money will be forced to disappear. The best scenario is that it should be a free choice between digital and physical money, so that everyone would choose the better option by himself.

[RKing]

Don't forget that most of the world population doesn't use Internet. So in my opinion it would be a very bad thing if "physical" money will be forced to disappear. The best scenario is that it should be a free choice between digital and physical money, so that everyone would choose the better option by himself.

Cryptocurrency will not dominate in many decades.

[Amph]

Don't forget that most of the world population doesn't use Internet. So in my opinion it would be a very bad thing if "physical" money will be forced to disappear. The best scenario is that it should be a free choice between digital and physical money, so that everyone would choose the better option by himself.

this site report that half the population are using internet http://www.internetworldstats.com/stats.htm

but from this value you must removed very young kid, and new born, which are quite a lot, so i would not say that the majrity are not using internet

and certainly this does not mean that they are not using some form of electronic paymen, you don't need internet to pay with credit card in a phisical shop...

[BTChaintrader]

It does, but I still claim that the traditional money won't dissappear just like that. Older generation would never get used to only a digital currency. Do you know that in France still exist people that make all of the calculations from euros back to the francs? All of the prices are also shown in francs and in euros in stores.

Subsequently I think that the wave of the biggest change will be introduced by the banks and their private blockchains and private digital currencies!
[/quote

Bitcoin is the money of the future. The older generation will eventually die and the new generation will adopt it.

[dothebeats]

That is what I'm pointing out: it's clear that we aren't ready to use any cryptocurrency on a daily basis. It would take time for us to cope up, but we would get there soon.

It will take some time for cryptocurrency to be popular.

It is already popular, it's just that the average people cannot fully comprehend on how does it really work. And I doubt if cryptos would really replace fiat. It can, but the question is how and when.

[Q7]

Somehow despite everything people chose to ignore the fact that it is going to be the future one day. I wish when time goes by people will start realizing and see its benefit especially when you have banks freezing your money even if it belongs to you. Too bad adoption is still moving at a very slow rate.

[n2004al]

Money will eventually become obsolete in the full sense of it

Gee, I hope we don't go back to bartering.

I understand that this is a mot but someone could fear this situation. So for those I have the below explanation.

It is absolutely impossible. It was like someone which have discovered the richness or the good life and would want the poorness and the difficulties of the hard life. There may be someone who can love this change (and even apply it) but only one or two cannot have the power to impose their choice to the rest of the peoples. They will be seen as a strange by some and as a fools by some others. But no one will follow their choice.

[neoneros]

Somehow despite everything people chose to ignore the fact that it is going to be the future one day. I wish when time goes by people will start realizing and see its benefit especially when you have banks freezing your money even if it belongs to you. Too bad adoption is still moving at a very slow rate.

Change is coming, slow is good, fast would be bad, because haste will make a lot of casualties along the way. We have time to ease out the flaws and make a system that is good for all, ease in use and stable. So slow it is, and we will get there in the end!

[Japa]

Bitcoin needs to work on developing technologies:
https://bitcointalk.org/index.php?topic=1204912.0