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rajasumi3
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January 29, 2017, 08:10:48 AM |
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Bitcoin can not ever replace bitcoins at all .we earn in bitcoins through signature campaign and we know that we have to sell that bitcoins and get fiat through which we can earn through it and makes it to buy all the necessary stuffs we want to buy .
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danherbias07
Legendary
 Offline
Activity: 3122
Merit: 1119
Leading Crypto Sports Betting & Casino Platform
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January 29, 2017, 08:19:03 AM |
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Bitcoin can not ever replace bitcoins at all .we earn in bitcoins through signature campaign and we know that we have to sell that bitcoins and get fiat through which we can earn through it and makes it to buy all the necessary stuffs we want to buy .
Yeah bitcoin cannot replace bitcoin because it is who it is.  Dont rush typing the words so that you wont get wrong. But I know what you mean. It is not just signature campaigns where you can make money and try to turn it back to fiat for your necessary stuffs. There are a lot of ways. Fiat is fiat and it will do its job and bitcoin has its own too. |
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Tanic
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January 29, 2017, 12:38:43 PM |
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Bitcoin is a deflationary tool at its core, his proposal is absolutely restricted in the future growth of the number of coins will stop that supports the price of bitcoin, at least for the moment. Bitcoins are extremely rare, while the supply of fiat is constantly increasing, cause of governments able to print it nonstop.
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shulio
Legendary
Offline
Activity: 1540
Merit: 1016
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January 29, 2017, 01:58:26 PM |
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Bitcoin is a deflationary tool at its core, his proposal is absolutely restricted in the future growth of the number of coins will stop that supports the price of bitcoin, at least for the moment. Bitcoins are extremely rare, while the supply of fiat is constantly increasing, cause of governments able to print it nonstop.
This is wrong, government cant keep on printing money as many as they like. The reason why fiat is going to be replaced by fiat is because of the inflation reason, at one point sooner or later people will need to stay out of inflation especially poor countries in the middle east or else their people might not be able to afford anything |
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ChineTownMan
Member
Offline
Activity: 114
Merit: 100
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January 29, 2017, 02:53:55 PM |
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Bitcoin appeared not so long ago and it knows very few people. Many of those who knew of him only see the negative side of it. Therefore, even if the government will not intervene in this system for its prohibitions, Bitcoin is not yet will soon be able to approach the popularity of Fiat.
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serjent05
Legendary
Offline
Activity: 2842
Merit: 1253
Cashback 15%
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January 29, 2017, 03:06:53 PM |
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Bitcoin is a deflationary tool at its core, his proposal is absolutely restricted in the future growth of the number of coins will stop that supports the price of bitcoin, at least for the moment. Bitcoins are extremely rare, while the supply of fiat is constantly increasing, cause of governments able to print it nonstop.
This is wrong, government cant keep on printing money as many as they like. The reason why fiat is going to be replaced by fiat is because of the inflation reason, at one point sooner or later people will need to stay out of inflation especially poor countries in the middle east or else their people might not be able to afford anything One thing should be accomplish before Bitcoin can replace fiat. And that is the government recognition and acceptance of Bitcoin to replace their own fiat which in my opinion is far from happening. As long as the government reject Bitcoin as their main currency, it will never replace fiat. It will always stay as alternative to fiat currency. |
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Superzpay
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January 29, 2017, 03:12:30 PM |
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Bitcoin is a deflationary tool at its core, his proposal is absolutely restricted in the future growth of the number of coins will stop that supports the price of bitcoin, at least for the moment. Bitcoins are extremely rare, while the supply of fiat is constantly increasing, cause of governments able to print it nonstop.
This is wrong, government cant keep on printing money as many as they like. The reason why fiat is going to be replaced by fiat is because of the inflation reason, at one point sooner or later people will need to stay out of inflation especially poor countries in the middle east or else their people might not be able to afford anything One thing should be accomplish before Bitcoin can replace fiat. And that is the government recognition and acceptance of Bitcoin to replace their own fiat which in my opinion is far from happening. As long as the government reject Bitcoin as their main currency, it will never replace fiat. It will always stay as alternative to fiat currency. With your comment I will say that there are two ways of replacing fiat with bitcoin one is if people will use only bitcoin for their uses like shopping and other transactions and fiat will also exist but will not be in use that much. It do not require any recognition from the government and the other way is the government recognize it so in this way fiat will completely disappear from the scene. |
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Anarchist
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January 29, 2017, 03:47:30 PM |
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It surely can't replace fiat, but i do believe both can work together
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cryp24x
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January 29, 2017, 03:54:23 PM |
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Bitcoin is a deflationary tool at its core, his proposal is absolutely restricted in the future growth of the number of coins will stop that supports the price of bitcoin, at least for the moment. Bitcoins are extremely rare, while the supply of fiat is constantly increasing, cause of governments able to print it nonstop.
This is wrong, government cant keep on printing money as many as they like. The reason why fiat is going to be replaced by fiat is because of the inflation reason, at one point sooner or later people will need to stay out of inflation especially poor countries in the middle east or else their people might not be able to afford anything One thing should be accomplish before Bitcoin can replace fiat. And that is the government recognition and acceptance of Bitcoin to replace their own fiat which in my opinion is far from happening. As long as the government reject Bitcoin as their main currency, it will never replace fiat. It will always stay as alternative to fiat currency. With your comment I will say that there are two ways of replacing fiat with bitcoin one is if people will use only bitcoin for their uses like shopping and other transactions and fiat will also exist but will not be in use that much. It do not require any recognition from the government and the other way is the government recognize it so in this way fiat will completely disappear from the scene. But sadly people are too attached to their government. "cautious" people tend to wait for their government to recognize a certain things before using it especially it has connection to currency because they don't want to be tagged in money laundering. Besides, the issue here is not individual but rather a national currency issue, so it needs an authority approval to fully practice the replacement of once currency to another currency. |
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Rinder
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January 29, 2017, 05:32:30 PM |
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The fiat system can easy eat bitcoin, and bitcoinc cant be traded against all fiat, even if the price double or more, be sure that bitcoin is an extra currencie with a lot of potencial to grow over time, currently the best way to make money is crypto currencies.
Fiat will be always be used by countries and there is nothing showing they are going to invest into crypto world soo soon, besides China that seems to be testing already this model.
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agamasrori
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January 30, 2017, 03:49:44 AM |
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The fiat system can easy eat bitcoin, and bitcoinc cant be traded against all fiat, even if the price double or more, be sure that bitcoin is an extra currencie with a lot of potencial to grow over time, currently the best way to make money is crypto currencies.
Fiat will be always be used by countries and there is nothing showing they are going to invest into crypto world soo soon, besides China that seems to be testing already this model.
Sorry I dissagree with you, a lot of people in several countries were exchange their currencies to the USD and bitcoin because the value of their currencies down so far. This showed that fiat is not always fit for us. I think fiat will be replaced by something better. |
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Kasabus
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January 30, 2017, 04:49:36 AM |
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The fiat system can easy eat bitcoin, and bitcoinc cant be traded against all fiat, even if the price double or more, be sure that bitcoin is an extra currencie with a lot of potencial to grow over time, currently the best way to make money is crypto currencies.
Fiat will be always be used by countries and there is nothing showing they are going to invest into crypto world soo soon, besides China that seems to be testing already this model.
Sorry I dissagree with you, a lot of people in several countries were exchange their currencies to the USD and bitcoin because the value of their currencies down so far. This showed that fiat is not always fit for us. I think fiat will be replaced by something better. You can't replace fiat because in the first place it is not meant for investment, we know that due to inflation the value of fiat decreases overtime but it is now the initiative of fiat holder how to invest some of his fiat, and one of the opportunities that can be done is by buying bitcoin to hold it longer. No matter what we do, the government has all the power to implement the usage of fiat. |
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bravehearth0319
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January 30, 2017, 02:09:21 PM |
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Of course can't fiat money replace bitcoin, because we still use fiat money at the end look how much banks they are in the world they won't just change to go to bitcoin. Bitcoin is just good when you trading or other stuff. Also we need fiat for bitcoin price.
We cannot compare there edges, just important is there are both helpful. Besides, fiat is almost a decades that has been established in this kind of industry and many people around the world are using it every time they convert there currency. while is helpful for us through in trading site. |
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BitFinnese
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January 30, 2017, 02:18:27 PM |
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The fiat system can easy eat bitcoin, and bitcoinc cant be traded against all fiat, even if the price double or more, be sure that bitcoin is an extra currencie with a lot of potencial to grow over time, currently the best way to make money is crypto currencies.
Fiat will be always be used by countries and there is nothing showing they are going to invest into crypto world soo soon, besides China that seems to be testing already this model.
Sorry I dissagree with you, a lot of people in several countries were exchange their currencies to the USD and bitcoin because the value of their currencies down so far. This showed that fiat is not always fit for us. I think fiat will be replaced by something better. I agree fiat will be replace by electronic money but not Bitcoin. I believe the each country will have their own digital currency base on the fiat money model which means centralized and regulated by the government. Bitcoin may had been popular but it does not even scale to the level where 50% of world population is using it. Far from that percentage is where bitcoin at this point. |
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Superzpay
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January 30, 2017, 02:42:46 PM |
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Bitcoin is a deflationary tool at its core, his proposal is absolutely restricted in the future growth of the number of coins will stop that supports the price of bitcoin, at least for the moment. Bitcoins are extremely rare, while the supply of fiat is constantly increasing, cause of governments able to print it nonstop.
This is wrong, government cant keep on printing money as many as they like. The reason why fiat is going to be replaced by fiat is because of the inflation reason, at one point sooner or later people will need to stay out of inflation especially poor countries in the middle east or else their people might not be able to afford anything One thing should be accomplish before Bitcoin can replace fiat. And that is the government recognition and acceptance of Bitcoin to replace their own fiat which in my opinion is far from happening. As long as the government reject Bitcoin as their main currency, it will never replace fiat. It will always stay as alternative to fiat currency. With your comment I will say that there are two ways of replacing fiat with bitcoin one is if people will use only bitcoin for their uses like shopping and other transactions and fiat will also exist but will not be in use that much. It do not require any recognition from the government and the other way is the government recognize it so in this way fiat will completely disappear from the scene. But sadly people are too attached to their government. "cautious" people tend to wait for their government to recognize a certain things before using it especially it has connection to currency because they don't want to be tagged in money laundering. Besides, the issue here is not individual but rather a national currency issue, so it needs an authority approval to fully practice the replacement of once currency to another currency. But those people who study about crypto currency and bitcoin and get aware with these concepts then they will not wait for the governments as everyone who is aware with crypto currency know that there is not any wrong with crypto currency and their government is not accepting it only for their own benefit not for their people benefit. |
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(o)(o)ilikeboobs(o)(o)
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January 30, 2017, 02:43:32 PM |
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The fiat system can easy eat bitcoin, and bitcoinc cant be traded against all fiat, even if the price double or more, be sure that bitcoin is an extra currencie with a lot of potencial to grow over time, currently the best way to make money is crypto currencies.
Fiat will be always be used by countries and there is nothing showing they are going to invest into crypto world soo soon, besides China that seems to be testing already this model.
Sorry I dissagree with you, a lot of people in several countries were exchange their currencies to the USD and bitcoin because the value of their currencies down so far. This showed that fiat is not always fit for us. I think fiat will be replaced by something better. I agree fiat will be replace by electronic money but not Bitcoin. I believe the each country will have their own digital currency base on the fiat money model which means centralized and regulated by the government. Bitcoin may had been popular but it does not even scale to the level where 50% of world population is using it. Far from that percentage is where bitcoin at this point. If what you are telling of each country have their own digital currency then their is no difference between fiat currency and digital currency. I dont think that this way of coins will be success. Bitcoin will be the superior power. |
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alphablitzer
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January 30, 2017, 04:49:48 PM |
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The fiat system can easy eat bitcoin, and bitcoinc cant be traded against all fiat, even if the price double or more, be sure that bitcoin is an extra currencie with a lot of potencial to grow over time, currently the best way to make money is crypto currencies.
Fiat will be always be used by countries and there is nothing showing they are going to invest into crypto world soo soon, besides China that seems to be testing already this model.
Sorry I dissagree with you, a lot of people in several countries were exchange their currencies to the USD and bitcoin because the value of their currencies down so far. This showed that fiat is not always fit for us. I think fiat will be replaced by something better. I agree fiat will be replace by electronic money but not Bitcoin. I believe the each country will have their own digital currency base on the fiat money model which means centralized and regulated by the government. Bitcoin may had been popular but it does not even scale to the level where 50% of world population is using it. Far from that percentage is where bitcoin at this point. If what you are telling of each country have their own digital currency then their is no difference between fiat currency and digital currency. I dont think that this way of coins will be success. Bitcoin will be the superior power. It will be possible but probably not going to happen, why would the government put more effort in changing the currency, when you know that people will just continue in using fiat. I think they won't bother in using it because they already have money. Once they hear that the price of bitcoin is high, probably they are going to start using it. |
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Dr.Osh
Legendary
Offline
Activity: 2688
Merit: 1004
Sugars.zone | DatingFi - Earn for Posting
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January 30, 2017, 05:03:28 PM |
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Well, bitcoin is not able to replace the position of fiat, because fiat has been accepted by the people of a country. in addition, Fiat also has its own value in the international world. I think, fiat is also one of the requirements to become a country, so bitcoin can not replace it.
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romero121
Legendary
Offline
Activity: 3164
Merit: 1213
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January 30, 2017, 05:05:29 PM |
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The fiat system can easy eat bitcoin, and bitcoinc cant be traded against all fiat, even if the price double or more, be sure that bitcoin is an extra currencie with a lot of potencial to grow over time, currently the best way to make money is crypto currencies.
Fiat will be always be used by countries and there is nothing showing they are going to invest into crypto world soo soon, besides China that seems to be testing already this model.
Sorry I dissagree with you, a lot of people in several countries were exchange their currencies to the USD and bitcoin because the value of their currencies down so far. This showed that fiat is not always fit for us. I think fiat will be replaced by something better. I agree fiat will be replace by electronic money but not Bitcoin.  I believe the each country will have their own digital currency base on the fiat money model which means centralized and regulated by the government.  Bitcoin may had been popular but it does not even scale to the level where 50% of world population is using it.  Far from that percentage is where bitcoin at this point. If what you are telling of each country have their own digital currency then their is no difference between fiat currency and digital currency.  I dont think that this way of coins will be success. Bitcoin will be the superior power. Bitcoin is the superior power holding coin for all the digital currency. As said this way of digital coins won't be much popular based upon the features. Bitcoin and fiat varies much, and the major difference is the anonymous nature. Believe this will be successful. |
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krisnt80
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January 30, 2017, 05:11:49 PM |
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This wont happen, we can change into digital era and bitcoin wont be replacing any currencie, thats a fact bitcoin does have limits, and once the halvings ends as well the mines, we will see a market off demand and supply, if people keep using bitcoin it might get an amazing value but we wont be here to see what will happen with bitcoin.
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