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GamingBro
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April 28, 2016, 02:03:22 AM |
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It really can't cause bitcoin is so new currency and people still can't understand how good it is. Maybe in future we will see bitcoin as fiat but near 5 years no, it's for sure.
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Doms
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April 28, 2016, 02:31:19 AM |
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At least not in the near future. Fiat has been around a long time and it has government backing and it's what we use most of the time. I'm not sure if the purpose of creation of bitcoin is to replace fiat as it is, but maybe as an alternate currency with its own unique features and advantages. If bitcoin establishes itself as the other currency, it's a good thing for us who are holding it already because we are already enjoying the benefits of owning some.
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richjohn
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April 28, 2016, 02:33:49 AM |
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Bitcoin cannot really replace fiat since we are using it in real life. We just use bitcoin online and we need to convert it to fiat to buy goods and services in real world.
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arwin100
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April 28, 2016, 02:35:44 AM |
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It really can't cause bitcoin is so new currency and people still can't understand how good it is. Maybe in future we will see bitcoin as fiat but near 5 years no, it's for sure.
Bitcoin can never replace fiat for now because fiat has proven his existance and many people use it daily as transaction anywhere they go theres always stores that accept fiats as payment and for now online businessman more prepaired fiat but who knows maybe later in near future if they see the real potential of bitcoin i can say it can really make fiat dissapear because in bitcoin it has less transaction fee to its users and its very promising, |
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goinmerry
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April 28, 2016, 05:12:00 AM |
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Fiat have been there for quite a long time now. So I dont think replacing it is a good idea. And we dont even have the authority to do it. Hell, the government wants to put down bitcoin so why make it a replacement for fiat?
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VerdinaNET
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April 28, 2016, 05:19:43 AM |
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Bitcoin simply cannot sustain itself as the only currency that is used from day to day. There are just too many hurdles to cross and too many problems along the way. As a way to send money over the Internet quickly, though, Bitcoin is an excellent choice!
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lexuz
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April 28, 2016, 06:24:41 AM |
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It really can't cause bitcoin is so new currency and people still can't understand how good it is. Maybe in future we will see bitcoin as fiat but near 5 years no, it's for sure.
Even in 10-20 year later, i think bitcoin never replace fiat money because government will not allow a country adopt two currency as a their currency. |
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Mr. Big
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While my guitar gently weeps!!!
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April 28, 2016, 07:13:05 AM |
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Fiat have been there for quite a long time now. So I dont think replacing it is a good idea. And we dont even have the authority to do it. Hell, the government wants to put down bitcoin so why make it a replacement for fiat?
For now yes, government almost wants to take down bitcoin as they don't benefit from it.. but who knows, when they found out that most of their citizens are using bitcoin, they might utilize it but I'm afraid that they might not like it as they have no control over it, so still they will embrace fiat and not bitcoin..  |
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expert4knowledge
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April 28, 2016, 08:18:32 AM |
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It really can't cause bitcoin is so new currency and people still can't understand how good it is. Maybe in future we will see bitcoin as fiat but near 5 years no, it's for sure.
Even in 10-20 year later, i think bitcoin never replace fiat money because government will not allow a country adopt two currency as a their currency. Yes, the only case that they will allow bitcoin to replace fiat is a way they can make money of it and also they can control it. |
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MTBTT
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April 28, 2016, 09:51:52 AM |
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It really can't cause bitcoin is so new currency and people still can't understand how good it is. Maybe in future we will see bitcoin as fiat but near 5 years no, it's for sure.
even when bitcoin aged 30 years or more I do not believe bitcoin will replace fiat. fiat will not be replaced by anything users prefer that bitcoin as a currency option |
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randy8777
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April 28, 2016, 10:02:38 AM |
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It really can't cause bitcoin is so new currency and people still can't understand how good it is. Maybe in future we will see bitcoin as fiat but near 5 years no, it's for sure.
even when bitcoin aged 30 years or more I do not believe bitcoin will replace fiat. fiat will not be replaced by anything users prefer that bitcoin as a currency option exactly. and when bitcoin does get to replace fiat money in a certain country (which will never happen) then governments will force you to abide their rules. each btc wallet will be connected to the governments system to know who and what person owns which amount. there will be no freedom in using it as optional currency as we have now. best is for bitcoin to stay an alternative currency. |
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Fatanut
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April 28, 2016, 10:56:56 AM |
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Bitcoin simply cannot sustain itself as the only currency that is used from day to day. There are just too many hurdles to cross and too many problems along the way. As a way to send money over the Internet quickly, though, Bitcoin is an excellent choice!
Quickly? It might be quick but it's not instant. Money remittances are instant, bitcoin isn't. The advantage of sending bitcoins over sending through money remittances is that it doesn't have any fees (or have a very low fee at some sites), while sending through money remittances have a bigger transaction fee especially if you're sending a big amount of money. It takes 20-30 minutes in average but there are times when it takes more than that to receive/send bitcoins from a wallet to another wallet.  |
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RastMan
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April 30, 2016, 10:16:04 AM |
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It really can't cause bitcoin is so new currency and people still can't understand how good it is. Maybe in future we will see bitcoin as fiat but near 5 years no, it's for sure.
even when bitcoin aged 30 years or more I do not believe bitcoin will replace fiat. fiat will not be replaced by anything users prefer that bitcoin as a currency option exactly. and when bitcoin does get to replace fiat money in a certain country (which will never happen) then governments will force you to abide their rules. each btc wallet will be connected to the governments system to know who and what person owns which amount. there will be no freedom in using it as optional currency as we have now. best is for bitcoin to stay an alternative currency. That could well happen that the government will force you to declare everything related to the bitcoin. |
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Oralmat
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April 30, 2016, 01:13:02 PM |
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Bitcoin cannot replace fiat is not true. It will replace soon
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BeGoods
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April 30, 2016, 01:53:34 PM |
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It really can't cause bitcoin is so new currency and people still can't understand how good it is. Maybe in future we will see bitcoin as fiat but near 5 years no, it's for sure.
Even in 10-20 year later, i think bitcoin never replace fiat money because government will not allow a country adopt two currency as a their currency. Yes, the only case that they will allow bitcoin to replace fiat is a way they can make money of it and also they can control it. yeah even I was a little hesitant to government unwilling to allow bitcoin are in their country bitcoin certainly be flourishing and growing very fast This will be a threat to their own currency of course. so that's why it will be difficult for bitcoin can enter and can replace fiat. it seemed impossible |
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romero121
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April 30, 2016, 05:14:35 PM |
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Bitcoin cannot replace fiat is not true. It will replace soon
Not at all a possible thing. Till the day we describe bitcoin in terms of dollar or some other form of currency, bitcoin would never replace fiat. |
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richjohn
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April 30, 2016, 05:18:33 PM |
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Bitcoin cannot replace fiat is not true. It will replace soon
Not at all a possible thing. Till the day we describe bitcoin in terms of dollar or some other form of currency, bitcoin would never replace fiat. Fiat is still need and necessary since we are using it to buy goods in the real world. Bitcoin only used to buy online gooda and services and can only be used online. |
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MaritiJames3
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April 30, 2016, 05:26:12 PM |
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Bitcoin cannot replace fiat is not true. It will replace soon
Not at all a possible thing. Till the day we describe bitcoin in terms of dollar or some other form of currency, bitcoin would never replace fiat. Fiat is still need and necessary since we are using it to buy goods in the real world. Bitcoin only used to buy online gooda and services and can only be used online. There is no need for bitcoin to replace fiat since these are 2 seperate things. I would like bitcoin to be an option next to fiat. Sine both of them are very handy. |
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richjohn
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April 30, 2016, 05:28:52 PM |
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Bitcoin cannot replace fiat is not true. It will replace soon
Not at all a possible thing. Till the day we describe bitcoin in terms of dollar or some other form of currency, bitcoin would never replace fiat. Fiat is still need and necessary since we are using it to buy goods in the real world. Bitcoin only used to buy online gooda and services and can only be used online. There is no need for bitcoin to replace fiat since these are 2 seperate things. I would like bitcoin to be an option next to fiat. Sine both of them are very handy. Exactly! They have different worlds. Well, we need both of them to buy goods and services in separate world that is on internet and the real world. The tangible and intangible worlds. |
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expert4knowledge
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April 30, 2016, 06:16:50 PM |
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Bitcoin cannot replace fiat is not true. It will replace soon
Every fiat must have many control mechanisms in order to be known as a fiat and also must be supported that bitcoin does not have them. |
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