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Author Topic: Bitcoin replaces the money? Could happen?  (Read 85988 times)
Ryananda (OP)
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December 25, 2015, 07:01:09 AM
 #1

Now in some places to buy goods directly can use bitcoin, how to conduct transactions directly using bitcoin? Because I place no purchases using bitcoin.

Nowadays has developed, which initially buy goods directly can only be used with the currency and credit cards, and can now use bitcoin although only in some places. Is it possible that the next few years means of exchange for transactions money initially turned into bitcoin?

What do you think about this?
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December 25, 2015, 07:03:55 AM
 #2

No it will never happen.As you've mentioned about stores accepting bitcoins that is fine,we can even expect big players like Amazon or Ebay to star accepting bitcoins as an alternate paying method but they won't completely replace the fiat.The government will never allow that for obvious reasons.
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December 25, 2015, 07:56:11 AM
 #3

No it will never happen.As you've mentioned about stores accepting bitcoins that is fine,we can even expect big players like Amazon or Ebay to star accepting bitcoins as an alternate paying method but they won't completely replace the fiat.The government will never allow that for obvious reasons.
But how about in some years in the future when people over the world using bitcoin then paper money will really left by people.
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December 25, 2015, 08:16:02 AM
 #4

I think its subjective .Some people still prefer using cash at stores than credit or debit cards.Some countries are so below the poverty line that they haven't see a credit card ever.So yeah , it will take time for all these people below the poverty line to have all the basic accesses to internet and stuff.Government will obviously consider all these factors while legalizing bitcoins in a country .Its a matter of time.You never know.

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December 25, 2015, 08:43:58 AM
Last edit: December 25, 2015, 03:15:51 PM by Amph
 #5

again, it does not need to replace fiat money to be successful, why people always see all black or white

it can perfectly work in conjuction with it and be vastly adopted
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December 25, 2015, 08:46:58 AM
 #6

that would be some star trek stuff right there if btc replaced flat completely but id say its fairly unlikely to happen anytime soon. When the time for the end of flat comes i think it will be a technology far superior to bitcoin. 

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December 25, 2015, 09:05:17 AM
 #7

again, it does not need tor eplace fiat money to be successful, why people always see all black or white

it can perfectly work in conjuction with it and be vastly adopted

Yes bitcoin does not need to replace fiats to get it's own future. Along with fiats there are big possibilities to become more successful in terms of value and user base, like people use fiats for some purpose and bitcoin for some other purpose like online transactions or as investments. 
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December 25, 2015, 09:08:46 AM
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again, it does not need tor eplace fiat money to be successful, why people always see all black or white

it can perfectly work in conjuction with it and be vastly adopted

Yes bitcoin does not need to replace fiats to get it's own future. Along with fiats there are big possibilities to become more successful in terms of value and user base, like people use fiats for some purpose and bitcoin for some other purpose like online transactions or as investments. 

Yes both dollars and bitcoin will exist and will serve the human beings with their own features.
People may argue that bitcoin has all the features of fiat currencies. Then what is the need for fiats. But all the people in this world does not have knowledge on Internet and crypto-currencies.

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December 25, 2015, 09:14:58 AM
 #9

again, it does not need tor eplace fiat money to be successful, why people always see all black or white

it can perfectly work in conjuction with it and be vastly adopted

Yes bitcoin does not need to replace fiats to get it's own future. Along with fiats there are big possibilities to become more successful in terms of value and user base, like people use fiats for some purpose and bitcoin for some other purpose like online transactions or as investments. 

Yes both dollars and bitcoin will exist and will serve the human beings with their own features.
People may argue that bitcoin has all the features of fiat currencies. Then what is the need for fiats. But all the people in this world does not have knowledge on Internet and crypto-currencies.

Yes, as long as all the people have knowledge on Internet and using of online currencies, there would be room for bitcoin and dollars to exist and to serve.
Because unlike dollars, all the common people cannot use bitcoin suddenly. It requires at least one day of studying or guidelines about bitcoin system.
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December 25, 2015, 09:17:24 AM
 #10

Now in some places to buy goods directly can use bitcoin, how to conduct transactions directly using bitcoin? Because I place no purchases using bitcoin.

Nowadays has developed, which initially buy goods directly can only be used with the currency and credit cards, and can now use bitcoin although only in some places. Is it possible that the next few years means of exchange for transactions money initially turned into bitcoin?

What do you think about this?

we all will never know about it, bitcoin replace money, sounds crazy, but it is very difficult to guess, let's wait for 5 or 10 years down the road, if bitcoin is used by more than 20% of people in the world, maybe the money would be replaced by bitcoin ,

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December 25, 2015, 09:19:59 AM
 #11

again, it does not need tor eplace fiat money to be successful, why people always see all black or white

it can perfectly work in conjuction with it and be vastly adopted

Yes bitcoin does not need to replace fiats to get it's own future. Along with fiats there are big possibilities to become more successful in terms of value and user base, like people use fiats for some purpose and bitcoin for some other purpose like online transactions or as investments. 

Yes both dollars and bitcoin will exist and will serve the human beings with their own features.
People may argue that bitcoin has all the features of fiat currencies. Then what is the need for fiats. But all the people in this world does not have knowledge on Internet and crypto-currencies.

You got the point. To replace dollars, bitcoin needs to come in physical form. Otherwise all the people in this world need to have internet and knowledge on cryptocurrencies. Without knowledge on internet and online transaction, it would be hard for bitcoin to replace fiats
avw1982
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December 25, 2015, 10:01:42 AM
 #12

No it will never happen.As you've mentioned about stores accepting bitcoins that is fine,we can even expect big players like Amazon or Ebay to star accepting bitcoins as an alternate paying method but they won't completely replace the fiat.The government will never allow that for obvious reasons.

It will capture and replace the Fiat currency's place in future. As you bitcoin became the one of the payment option for the people already. This is the araising of bitcoin's starting. Upcoming years sure it will replace USD's Place;)
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December 25, 2015, 10:08:02 AM
 #13

Bitcoin won't replace cash, or gold, or silver or even copper. Copper is emerging as another hedge against inflation, and that's another change in the world of finance. What Bitcoin will do is replace the bank EFT (electronic funds transfer) systems. That raises an interesting speculation about credit cards. It seems people need to borrow money, and there will need to be a system created to allow credit payments via Bitcoin.

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December 25, 2015, 10:11:39 AM
 #14

It is not necessary for Bitcoin to replace the fiat money in order to succeed.Paper money will exist for at least a decade more till people will be fully ready to adopt and use freely Bitcoin and digital currencies.
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December 25, 2015, 10:16:20 AM
 #15

Modern era will be totally based on digital and cashless society so you can imagine by yourself rest.Bitcoin will surely replace the money in future successfully.
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December 25, 2015, 10:51:50 AM
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I don't think Bitcoin will replace "real money". But I guess that banks will make use of a blockchain system for their own purpose not too far in the future. That could even make Bitcoin obsolete at some point.
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December 25, 2015, 11:18:27 AM
 #17

Bitcoin is a great alternative. We don't have to focus or dream about Bitcoin replacing a certain fiat currency, simply because it will not happen. We can better focus on how we can increase the adoption of Bitcoin, so more merchants are willing to accept Bitcoin as form of payment.

In order to increase the adoption of Bitcoin, it must be much easier to purchase Bitcoins. In some countries it's a huge hassle to fund your exchange account with fiat and convert it into Bitcoin. It may even take days in some cases. If every one could buy their coins instantly, via an ATM for example, then people can access the Bitcoin scene much easier, and without a lot time wasting hassle.
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December 25, 2015, 12:27:35 PM
 #18

Now in some places to buy goods directly can use bitcoin, how to conduct transactions directly using bitcoin? Because I place no purchases using bitcoin.

Nowadays has developed, which initially buy goods directly can only be used with the currency and credit cards, and can now use bitcoin although only in some places. Is it possible that the next few years means of exchange for transactions money initially turned into bitcoin?

What do you think about this?
how could you possibly think like this? you should know that money and bitcoin are two different things, so it's unlikely the money will be replaced by bitcoin, bitcoin might just be an alternative to cash payments.

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December 25, 2015, 12:35:48 PM
 #19

No it will never happen.As you've mentioned about stores accepting bitcoins that is fine,we can even expect big players like Amazon or Ebay to star accepting bitcoins as an alternate paying method but they won't completely replace the fiat.The government will never allow that for obvious reasons.
You are right,  bitcoin will never replace fiat money in any country in this world,  it will never happen.  The best thing for bitcoin is to be an alternative payment for internet trading for people in around the world.
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December 25, 2015, 12:39:30 PM
 #20

I do agree that Bitcoin can not fully replace the money.There is not enough supporting structure to go for cashless or physical money less era as vast majority of the people from all over the world still don't use internet at this advance level to adopt it fully.
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