Emersonnets
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Activity: 126
Merit: 100
The trouble is you think you have time.
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January 03, 2016, 02:28:41 PM |
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Bitcoin will only replace money/fiat if you are making it happen yourself. The governments will never do this because they have no control over bitcoin at all. Therefore they will never replace fiat with bitcoin. Only you can change what currency you prefer and what you're going to pay with.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Rude Boy
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January 03, 2016, 02:48:26 PM |
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I think, nope! bitcoin cannot replace fiat. In some point, we really needs the fiat instead of bitcoins/cryptocurrency.
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2legit2
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January 03, 2016, 03:29:35 PM |
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it could happen for sure, the only question on what year this will happen, i would predict it will happen by the year 2030
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extrabyte
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Merit: 1000
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January 03, 2016, 03:32:18 PM |
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it could happen for sure, the only question on what year this will happen, i would predict it will happen by the year 2030
Replacing fiat will be very hard, but to be more successful than fiat it can happen and that time is not far from now. |
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trickyriky
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January 03, 2016, 03:40:50 PM |
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it could happen for sure, the only question on what year this will happen, i would predict it will happen by the year 2030
Replacing fiat will be very hard, but to be more successful than fiat it can happen and that time is not far from now. LMFAO do you lot know something i dont, regaurding free internet access and free electricity?  the mass's will not adopt until internet access is open sourced, and electricity is free.... would you trust your money somewhere you do not have control of it??? i know i wouldnt n niether would the 99% sorry its a sad but true fact :/ |
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extrabyte
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Activity: 840
Merit: 1000
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January 03, 2016, 04:07:08 PM |
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it could happen for sure, the only question on what year this will happen, i would predict it will happen by the year 2030
Replacing fiat will be very hard, but to be more successful than fiat it can happen and that time is not far from now. LMFAO do you lot know something i dont, regaurding free internet access and free electricity? the mass's will not adopt until internet access is open sourced, and electricity is free.... would you trust your money somewhere you do not have control of it??? i know i wouldnt n niether would the 99% sorry its a sad but true fact :/ Internet may be free as google is trying to do but electricity never, (low cost but never free) being your own bank it's better rather than controlling someone else we know that. |
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trickyriky
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January 03, 2016, 04:45:20 PM |
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it could happen for sure, the only question on what year this will happen, i would predict it will happen by the year 2030
Replacing fiat will be very hard, but to be more successful than fiat it can happen and that time is not far from now. LMFAO do you lot know something i dont, regaurding free internet access and free electricity? the mass's will not adopt until internet access is open sourced, and electricity is free.... would you trust your money somewhere you do not have control of it??? i know i wouldnt n niether would the 99% sorry its a sad but true fact :/ Internet may be free as google is trying to do but electricity never, (low cost but never free) being your own bank it's better rather than controlling someone else we know that. google and facebook are both government owned mate, they only want to give basic services to users, but also have live imaging from the skies, scary tech for the anti big brother like me, i love my crypto but i personally cant allow it to replace fiat, if somebody else controls my ability to access the internet then they also have control of my crypto, this is worse than a bank at least with a bank if you lose your card / pin you can walk into branch with id n access your money  also the community treating people as guilty until proven innocent, this is a wet dream for guberments of the globe we are innocent until proven guilty and this is not changing due to the crypto community |
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Pierre 2
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Activity: 2394
Merit: 1358
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January 03, 2016, 04:54:31 PM |
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I don't think it will happen sometime soon. Economy is still on paper money side.
We need really huge crisis to make this happen.
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trickyriky
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January 03, 2016, 05:58:58 PM |
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I don't think it will happen sometime soon. Economy is still on paper money side.
We need really huge crisis to make this happen.
like the wars that are being manufactured? |
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mudiko
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January 03, 2016, 07:52:01 PM |
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It doesn't seem possible without a huge crisis, because governments will want to keep being able to inflate etc.
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Ryananda (OP)
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January 06, 2016, 08:52:14 AM |
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I don't think it will happen sometime soon. Economy is still on paper money side.
We need really huge crisis to make this happen.
Yes maybe you're right the economic situation is still stable, but the times will continue to grow, many people who like the ease of transacting. If bitcoin is also developing and facilitating the transaction mugkin it could happen. But if you think about think banknote also necessary for each country to stabilize the economic situation. Yes, we live tuggu state in the next few years |
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HarizDB
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Activity: 98
Merit: 10
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January 06, 2016, 10:44:11 AM |
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I don't know if Western governments would allow a virtual, encrypted, untraceable e-coin replace money as we know today.
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blackmachinegun
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January 06, 2016, 10:45:36 AM |
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it could happen for sure, the only question on what year this will happen, i would predict it will happen by the year 2030
I can not be sure that, when it will happen I think it would be a very long time to wait for all governments allow bitcoin and make regulations for bitcoin |
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avw1982
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January 06, 2016, 11:08:22 AM |
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It doesn't seem possible without a huge crisis, because governments will want to keep being able to inflate etc.
I feel Its not about bank crisis and bankruptcy. It just government does not wanna show transactions and government details to all. If they use bitcoin everything will be transparency. thats why Government are accepting the bitcoin. |
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WhatTheGox
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Merit: 1000
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January 06, 2016, 01:53:46 PM |
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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.
The gov can only have the power to stop it while they can control it. Once someone designs systems that just cant be controlled and everyone uses the gov wont have the power anymore and will have to ONLY provide services to its people. |
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blackmachinegun
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January 07, 2016, 12:45:00 AM |
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It doesn't seem possible without a huge crisis, because governments will want to keep being able to inflate etc.
I feel Its not about bank crisis and bankruptcy. It just government does not wanna show transactions and government details to all. If they use bitcoin everything will be transparency. thats why Government are accepting the bitcoin. yes true because the government is full of corruption, if the government uses bitcoin as payment of their salaries, and the activity of the government, I think Transparency will make the criminals fear |
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bitlancr
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January 07, 2016, 08:22:48 AM |
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Bitcoin will only replace money/fiat if you are making it happen yourself. The governments will never do this because they have no control over bitcoin at all. Therefore they will never replace fiat with bitcoin. Only you can change what currency you prefer and what you're going to pay with.
Sounds about right. You are in charge of what you're willing to pay with. The governments and merchants are in control of what currency they accept. I doubt that any government will make it to where they will let bitcoin replace fiat. |
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chokesir
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fastdice.com The Worlds Fastest Bitcoin Dice
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January 07, 2016, 08:45:02 AM |
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Bitcoin is nice and all, but I don't think that government will just replace like that.
You need to think about the people who don't use it. What is going to happen with there money?
I just think bitcoin can't never be replace it my opinion. Maybe in a little Island it can.
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Pab
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Merit: 1012
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January 07, 2016, 08:57:52 AM |
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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?
Any nation needs his own money,becouse money is part of economy.Bitcoin is internet space money,but bitcoin needs fiat money to exist |
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Anegg
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CryptoTalk.Org - Get Paid for every Post!
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January 07, 2016, 09:35:04 AM |
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I don't think that this will ever happen. Bitcoin is just not good enough compared to fiat.
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