Bitcoin can not replace fiat

[Fireblade]

Bitcoin have the big chance to replace fiat. Becouse people in some countries were change their money in to bitcoin to save their wealth when their fiat price is fall against USD. Those country need to import logistic that they have to pay with USD. So I think people will prefer like to use bitcoin than fiat.

yes it can be there is always a chance but i think still it will take decades because still a very little number of people are using bitcoin and almost all the people also depend on fiat, therefore it is not so easy to replace fiat so soon.

[1714607704]

1714607704

[mornabo]

Replace, erase.....  blah blah blah!  Look way back when sugar was used for barter and trade.  Bitcoin is mere fuel that runs the blockchain,  Financial institutions are flocking to it.  All the buzzards and vulchers are having their way.  Move over fiat.  A new currency been around.  Eat you heart out, you governmental bureaucrats.  All hail digital crypto currencies to the futurrrrrrreeeeeee..   

Lol do you think fiat could not develop just stop there? I think Fiat will continue to innovate with the development of the times, fiat may make a similar version of the digital currency as bitcoin, and it will be a rival for bitcoin

[Positid]

Bitcoin have the big chance to replace fiat. Becouse people in some countries were change their money in to bitcoin to save their wealth when their fiat price is fall against USD. Those country need to import logistic that they have to pay with USD. So I think people will prefer like to use bitcoin than fiat.

yes it can be there is always a chance but i think still it will take decades because still a very little number of people are using bitcoin and almost all the people also depend on fiat, therefore it is not so easy to replace fiat so soon.

It will simply not gonna happen, bitcoin and fiat will exist and we cannot deny the fact that fiat is more powerful than bitcoin. Live with the reality, it's alright to hope for the best of bitcoin but we remain realistic in any way.

[justdimin]

Bitcoin have the big chance to replace fiat. Becouse people in some countries were change their money in to bitcoin to save their wealth when their fiat price is fall against USD. Those country need to import logistic that they have to pay with USD. So I think people will prefer like to use bitcoin than fiat.

yes it can be there is always a chance but i think still it will take decades because still a very little number of people are using bitcoin and almost all the people also depend on fiat, therefore it is not so easy to replace fiat so soon.

It will simply not gonna happen, bitcoin and fiat will exist and we cannot deny the fact that fiat is more powerful than bitcoin. Live with the reality, it's alright to hope for the best of bitcoin but we remain realistic in any way.

For many of us we find it so difficult to say that bitcoin can replace fiat, and that is true because in our world today we are still using fiat and that is the case for many years to come, because people are still not ready for it, and us we are a part of society so we always need to exchange our bitcoin into fiat so we can live.

[RastMan]

Bitcoin have the big chance to replace fiat. Becouse people in some countries were change their money in to bitcoin to save their wealth when their fiat price is fall against USD. Those country need to import logistic that they have to pay with USD. So I think people will prefer like to use bitcoin than fiat.

yes it can be there is always a chance but i think still it will take decades because still a very little number of people are using bitcoin and almost all the people also depend on fiat, therefore it is not so easy to replace fiat so soon.

It will simply not gonna happen, bitcoin and fiat will exist and we cannot deny the fact that fiat is more powerful than bitcoin. Live with the reality, it's alright to hope for the best of bitcoin but we remain realistic in any way.

For many of us we find it so difficult to say that bitcoin can replace fiat, and that is true because in our world today we are still using fiat and that is the case for many years to come, because people are still not ready for it, and us we are a part of society so we always need to exchange our bitcoin into fiat so we can live.

For some people, they will use bitcoin more in the future.

[Bitcoinsummoner]

Bitcoin have the big chance to replace fiat. Becouse people in some countries were change their money in to bitcoin to save their wealth when their fiat price is fall against USD. Those country need to import logistic that they have to pay with USD. So I think people will prefer like to use bitcoin than fiat.

yes it can be there is always a chance but i think still it will take decades because still a very little number of people are using bitcoin and almost all the people also depend on fiat, therefore it is not so easy to replace fiat so soon.

It will simply not gonna happen, bitcoin and fiat will exist and we cannot deny the fact that fiat is more powerful than bitcoin. Live with the reality, it's alright to hope for the best of bitcoin but we remain realistic in any way.

For many of us we find it so difficult to say that bitcoin can replace fiat, and that is true because in our world today we are still using fiat and that is the case for many years to come, because people are still not ready for it, and us we are a part of society so we always need to exchange our bitcoin into fiat so we can live.

Bitcoin still just like other payment method like in perfect money even it is well know payment method it can be still as alternative mode of payment look at other companies they are now asking for different payment methods if you want to deal with them.. and the result they will be still be a fiat after conversion or withdraw bitcoin or perfect money.. fiat will be still there and it is impossible that can be replace it..

[Bibite]

Replace, erase.....  blah blah blah!  Look way back when sugar was used for barter and trade.  Bitcoin is mere fuel that runs the blockchain,  Financial institutions are flocking to it.  All the buzzards and vulchers are having their way.  Move over fiat.  A new currency been around.  Eat you heart out, you governmental bureaucrats.  All hail digital crypto currencies to the futurrrrrrreeeeeee..   

People were first trading (sugar for meat whatever) then comes the banks, then the credit cards and now Bitcoin
It is a part of the evolution of the money and people will have to accept it

[nara1892]

Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.

actually bitcoin is not that secure. we can see how many people were hacked.

alright, the point is both bitcoin and fiat is not really secure. they have their own good side and bad side. however I agree with your statement. bitcoin will not change fiat totally, but in some cases we can buy stuff by bitcoin.

[Positid]

Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.

actually bitcoin is not that secure. we can see how many people were hacked.

alright, the point is both bitcoin and fiat is not really secure. they have their own good side and bad side. however I agree with your statement. bitcoin will not change fiat totally, but in some cases we can buy stuff by bitcoin.

The reason why they are hacked is because of negligence, having said that, we cannot blame our carelessness to bitcoin.

[pealr12]

We already live in fiat even our ancestors used it. So theres no possiblity that bitcoin can replace fiat,bitcoin will need huge amount of power to replace fiat or if we vote for the replacement of fiat to bitcoin,i totally dis aggree.

[rikky05]

Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.

actually bitcoin is not that secure. we can see how many people were hacked.

alright, the point is both bitcoin and fiat is not really secure. they have their own good side and bad side. however I agree with your statement. bitcoin will not change fiat totally, but in some cases we can buy stuff by bitcoin.

The reason why they are hacked is because of negligence, having said that, we cannot blame our carelessness to bitcoin.

Exactly, people losing bitcoins to hackers are just like people who lose their mobile because they forgot them in some place.

[danherbias07]

We already live in fiat even our ancestors used it. So theres no possiblity that bitcoin can replace fiat,bitcoin will need huge amount of power to replace fiat or if we vote for the replacement of fiat to bitcoin,i totally dis aggree.

I very much agree with you. With that change a lot of people will try to oppose from it and might have a negative impact for bitcoin instead of having a good one or staying to where it is used to be.

[Roselop]

We already live in fiat even our ancestors used it. So theres no possiblity that bitcoin can replace fiat,bitcoin will need huge amount of power to replace fiat or if we vote for the replacement of fiat to bitcoin,i totally dis aggree.

Yes, FIAT is still necessary for us at the present world. it needs a certain time to replace with bitcoin.
In my view, Bitcoin will be a central digital currency in the future.

[Fatanut]

Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.

actually bitcoin is not that secure. we can see how many people were hacked.

alright, the point is both bitcoin and fiat is not really secure. they have their own good side and bad side. however I agree with your statement. bitcoin will not change fiat totally, but in some cases we can buy stuff by bitcoin.

It was their fault, not the bitcoin network's. Their wallet is the one that got hacked, not the network. Maybe they were using an infected PC/Smartphone or they connected in a public network with a lot of cookie thieves. Nonetheless, you can't blame the network for their carelessness.

Every day a lot of people gets their fiat robbed but you can't blame the government for that (or whoever made fiat). You can't say that paper money isn't secure because you got robbed.

[Xester]

Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.

actually bitcoin is not that secure. we can see how many people were hacked.

alright, the point is both bitcoin and fiat is not really secure. they have their own good side and bad side. however I agree with your statement. bitcoin will not change fiat totally, but in some cases we can buy stuff by bitcoin.

It was their fault, not the bitcoin network's. Their wallet is the one that got hacked, not the network. Maybe they were using an infected PC/Smartphone or they connected in a public network with a lot of cookie thieves. Nonetheless, you can't blame the network for their carelessness.

Every day a lot of people gets their fiat robbed but you can't blame the government for that (or whoever made fiat). You can't say that paper money isn't secure because you got robbed.

Its our stupidity, thats the reason why we got robbed. Its not a sin being stupid its just that we havent done our research and understand how online business works including how bitcoin investments and how to protect ourselves. But after being hacked and robbed we still being a victim until now then it already our fault. To avoid being hacked or being scammed we must do some research, ask some professionals and technical persons specialized in bitcoin as to how to protect ourselves from this attacker. If we engage in bitcoin we must not be lazy and wait for the day that we ourselves becomes victim.

Soon fiat virtual currency will launch and it will become more harder for bitcoin to replace fiat . But since fiat is going digital it will also be prone to hack attacks. So we must be wary and do some precautions to protect our wallet.

[acroman08]

Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.

actually bitcoin is not that secure. we can see how many people were hacked.

alright, the point is both bitcoin and fiat is not really secure. they have their own good side and bad side. however I agree with your statement. bitcoin will not change fiat totally, but in some cases we can buy stuff by bitcoin.

It was their fault, not the bitcoin network's. Their wallet is the one that got hacked, not the network. Maybe they were using an infected PC/Smartphone or they connected in a public network with a lot of cookie thieves. Nonetheless, you can't blame the network for their carelessness.

Every day a lot of people gets their fiat robbed but you can't blame the government for that (or whoever made fiat). You can't say that paper money isn't secure because you got robbed.

Its our stupidity, thats the reason why we got robbed. Its not a sin being stupid its just that we havent done our research and understand how online business works including how bitcoin investments and how to protect ourselves. But after being hacked and robbed we still being a victim until now then it already our fault. To avoid being hacked or being scammed we must do some research, ask some professionals and technical persons specialized in bitcoin as to how to protect ourselves from this attacker. If we engage in bitcoin we must not be lazy and wait for the day that we ourselves becomes victim.

Very well said, every individual has different knowledge about bitcoin and digital world we can`t blame them if they got hacked or rob if the person has a very limited knowledge of how digital or bitcoin environment works. but it will be their fault if they don't take extra precaution after being a victim of hacking.

Soon fiat virtual currency will launch and it will become more harder for bitcoin to replace fiat . But since fiat is going digital it will also be prone to hack attacks. So we must be wary and do some precautions to protect our wallet.

That`s what I also think that if a government will not accept bitcoin they will just create a virtual currency of their own that can rival bitcoin. but if they do that the users of this virtual currency will experience the same risks of bitcoin users.

[coinmachina]

Yes, got you intrigued, didn't it?

Until we reach the point where paying for a cup of coffee is as easy with Bitcoin as it is with cash, we will never get mass adoption. And as far as I see it, there is no way of simplifying the acquiring of bitcoins.

In the long run crypto currencies will rule the world, unless something better will be invented.

At this point in time the distribution of bitcoins is a problem and this problem will stay for a while I think. But more and more people are getting some bitcoins and on a large enough time scale everyone will have some. Buying a coffee with bitcoin would not be a problem then because your paychecks will also come in bitcoins.

It might take a while to reached this point of course. But unless someone has a better idea than Bitcoin this point will eventually be reached.

[kwuccduck]

Yes, got you intrigued, didn't it?

Until we reach the point where paying for a cup of coffee is as easy with Bitcoin as it is with cash, we will never get mass adoption. And as far as I see it, there is no way of simplifying the acquiring of bitcoins.

In the long run crypto currencies will rule the world, unless something better will be invented.

At this point in time the distribution of bitcoins is a problem and this problem will stay for a while I think. But more and more people are getting some bitcoins and on a large enough time scale everyone will have some. Buying a coffee with bitcoin would not be a problem then because your paychecks will also come in bitcoins.

It might take a while to reached this point of course. But unless someone has a better idea than Bitcoin this point will eventually be reached.

Do you think that the government and the banking system will allow bitcoin world occupy the leading position in the currency market? I think that this will never be allowed, although it may be that something happens, then the output will not be another than to recognize bitcoin.

[Shady]

Both are used, even since Bitcoin has issues alike any international standard rate. Except with dream funds, all currencies make bad days.

All cryptocurrencies are starting to mix into large global movements that add to its decentralized ecosystem. This alone makes it a great alternative, but never a replacement.

[richardsNY]

Yes, got you intrigued, didn't it?

Until we reach the point where paying for a cup of coffee is as easy with Bitcoin as it is with cash, we will never get mass adoption. And as far as I see it, there is no way of simplifying the acquiring of bitcoins.

In the long run crypto currencies will rule the world, unless something better will be invented.

At this point in time the distribution of bitcoins is a problem and this problem will stay for a while I think. But more and more people are getting some bitcoins and on a large enough time scale everyone will have some. Buying a coffee with bitcoin would not be a problem then because your paychecks will also come in bitcoins.

It might take a while to reached this point of course. But unless someone has a better idea than Bitcoin this point will eventually be reached.

Do you think that the government and the banking system will allow bitcoin world occupy the leading position in the currency market? I think that this will never be allowed, although it may be that something happens, then the output will not be another than to recognize bitcoin.

Of course the government won't allow that to happen. At the time Bitcoin grows too large, governments will simply come into action where they take the necessary steps to prevent Bitcoin from further "damaging" the economy. That's why I prefer Bitcoin to stay as it is right now, an alternative. If it stays like that, governments won't have much incentive to apply ridiculous laws where Bitcoin is their main target.