Fraxinus
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September 12, 2016, 12:40:05 PM |
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Well,at least for now I think it won't happen entirely,like BTC won't replace the money-I think currencies will still exist for a while but BTC will be much more spread across the people and will be a preferrable way for payment.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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stevo401
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Activity: 28
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September 12, 2016, 01:00:07 PM |
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Regardless of the fact that no government would allow for fiat currency to be disbanded in favour of bitcoin, bitcoin also has a significant disadvantage in that it requires network infrastructure which physical cash does not. In the event of prolonged blackouts (such as those caused by cyclones or floods), there is already an issue with stores not being able to accept credit card payments - an issue that would also apply to bitcoins assuming that internet connections were down (or if your digital device with your wallet ran out of battery!). Because of this, I think Bitcoin will remain an alternative payment method as opposed to replacing fiat currency.
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freedomgo
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Merit: 1144
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September 12, 2016, 01:15:46 PM |
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Well,at least for now I think it won't happen entirely,like BTC won't replace the money-I think currencies will still exist for a while but BTC will be much more spread across the people and will be a preferrable way for payment.
All currencies regulated by the government will exist and bitcoin may be progressive in the future but it will just make the fiat more progressive too as people are buying bitcoins to spend in online transaction, as long as it is not regulated we will surely rely on fiat alone. |
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Johnyloco
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September 12, 2016, 02:48:31 PM |
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This is so wrong!
Many people now know for bitcoin and more will come to it.
Try to search google for those "keywords" what will you get ?
Hundreds of pages and texts related to BTC.
And look how many searches are made every day !
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newcoins1978
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September 15, 2016, 09:10:49 AM |
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Money or fiat cannot be replace any coin or bitcoin is just a digital currency forever and we are just using it as our money online..
I don't think bitcoin is able to completely replace fiat. I do believe however that bitcoin can be used as an alternative payment method. you're right, I do not believe it. bitcoin is currently only used as one of the digital currency on the internet, and in any case will only be part of the internet, I think he will not be able to replace the money in the real world Bitcoin is not going to replace money but it does not need to replace money to become big, they just need to do what they are doing now. they only need to attract more people, that is enough for them to become big. |
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Harlot
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September 15, 2016, 01:54:20 PM |
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It can be used by everyone as long as it is recognized by the government and is accepted by local businesses, but it can't replace the local currency as it determines our country's wealth status also stopping the circulation of money could bring problems rather than solutions. What I see in the near future is that the government will allow bitcoin but they need to convert it to fiat money for their taxes and their official income.
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gerXhonza
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September 15, 2016, 02:18:47 PM |
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Money or fiat cannot be replace any coin or bitcoin is just a digital currency forever and we are just using it as our money online..
I don't think bitcoin is able to completely replace fiat. I do believe however that bitcoin can be used as an alternative payment method. you're right, I do not believe it. bitcoin is currently only used as one of the digital currency on the internet, and in any case will only be part of the internet, I think he will not be able to replace the money in the real world Bitcoin is not going to replace money but it does not need to replace money to become big, they just need to do what they are doing now. they only need to attract more people, that is enough for them to become big. Exactly and both are the form of currency and both have their own advantages and disadvantages, people will prefer to use them according to their convenience and we don't want to see any replacement. |
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nova-rider
Member
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Activity: 70
Merit: 10
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September 16, 2016, 01:41:16 AM |
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I believe that it's just a matter of time, to be honest. To understand it, you need to see that it can make things much better with regard to transcations, making it simple and cheap.
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The_Dark_Knight
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September 16, 2016, 02:11:01 AM |
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Bitcoin will not replace money, not because it could not be possible, that will not happen because is not on the interest of politicians and bankers, we are talking about very serious business here, what I think it will happen is that bitcoin is going to become a parallel system, that will be tolerated because governments and bankers will have no choice about it.
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hawkins
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September 16, 2016, 03:28:01 AM |
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I believe that it's just a matter of time, to be honest. To understand it, you need to see that it can make things much better with regard to transcations, making it simple and cheap.
I actually do not think that bitcoin will replace the money. but, in my opinion, will run alongside bitcoin money. bitcoin means will be used as an alternative as a means of payment, but it is likely bitcoin can be used in all the places that provide special tools bitcoin transaction. I hope it happens soon |
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Taki
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September 16, 2016, 05:20:33 AM |
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Bitcoin is money. How money can replace the money? But if the talk is about replacement paper money - that really can happen one day. I believe that in future paper money go in history and we all will pay from plastc cards and aout wallets will be somewhere in the net. I think this future is not so far.
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bitlancr
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September 16, 2016, 07:48:21 AM |
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I don't think that bitcoin can ever replace money as bitcoin is still very new to many people and people who are used to fiat currency will continue with it.
it is really possible to be honest, i think that bitcoin is going to become huge, paper money is going to disappear in a few decades I don't think paper money will dissapear it's also a way to control people do you think all those countries and banks would allow that to happen? What i think though is that bitcoin will get as big as it can and will probably be globally used maybe compareable to gold but you'll be able to pay with it too. |
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Mastsetad
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September 16, 2016, 04:23:53 PM |
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Bitcoin is money. How money can replace the money? But if the talk is about replacement paper money - that really can happen one day. I believe that in future paper money go in history and we all will pay from plastc cards and aout wallets will be somewhere in the net. I think this future is not so far.
I don't think so, do you really think government will finish the paper currency system and let the citizens do whatever they want without their control in it? Do you think we will be as free with bitcoin as we are now if it gets legally accepted in world? Not at all. |
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serjent05
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Activity: 2828
Merit: 1253
Cashback 15%
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September 16, 2016, 04:37:10 PM |
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Well,at least for now I think it won't happen entirely,like BTC won't replace the money-I think currencies will still exist for a while but BTC will be much more spread across the people and will be a preferrable way for payment.
I think even for the generations to come. Bitcoin will not replace fiat money. There are technicalities that prevents it from overtaking or replacing fiat money. One of it is the control. Government always want to control their monetary system. With bitcoin they will never control the monetary system because bitcoin nature forbid it. |
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crairezx20
Legendary
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Activity: 1638
Merit: 1046
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September 16, 2016, 04:49:22 PM |
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Bitcoin is money. How money can replace the money? But if the talk is about replacement paper money - that really can happen one day. I believe that in future paper money go in history and we all will pay from plastc cards and aout wallets will be somewhere in the net. I think this future is not so far.
I don't think so, do you really think government will finish the paper currency system and let the citizens do whatever they want without their control in it? Do you think we will be as free with bitcoin as we are now if it gets legally accepted in world? Not at all. There is no way that bitcoin can be replace our fiat or money it is impossible to happen.. they can not change our fiat because there is places that no internet bitcoin is only alternative money for only online transaction. |
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Rostadom
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September 16, 2016, 05:03:59 PM |
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It can only happen if people would embrace change. There's a lot of reasons why the nation should use Bitcoin instead but people are not aware of that and the government seems to be against it as well. It might not seem possible for now, but it will eventually become more and more a possibility.
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Harlot
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September 16, 2016, 05:18:29 PM |
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It can only happen if people would embrace change. There's a lot of reasons why the nation should use Bitcoin instead but people are not aware of that and the government seems to be against it as well. It might not seem possible for now, but it will eventually become more and more a possibility.
That's not the right way to put it. Can you imagine what is the affect if all of the countries of the earth uses bitcoin? What do you think will happen if there is an economic collapse of just one country? or if there will be a country who got a terrorist attack? or if a certain country hoards btc? Everything will be affected including the Bitcoin's buying power also different currency is created so that you know the country's economical background as the price of its money reflects on it's background. BTC for me is just good as a currency for people who want to earn in the internet it can't be use as a country's main currency. |
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saiha
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September 17, 2016, 01:55:12 AM |
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Bitcoin is money. How money can replace the money? But if the talk is about replacement paper money - that really can happen one day. I believe that in future paper money go in history and we all will pay from plastc cards and aout wallets will be somewhere in the net. I think this future is not so far.
Yes bitcoin is money and real currency but the fact is that it is an online money or currency and we are transacting through online. And people doesn't even know it yet, a lot of them are still using fiat money because they have been using it for a long time, even us. But for me, if bitcoin is going to replace fiat money. I don't think that is going to happen easily many things are need to be considered and study. |
Vires in Numeris
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carlfebz2
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September 17, 2016, 03:40:05 AM |
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Bitcoin is money. How money can replace the money? But if the talk is about replacement paper money - that really can happen one day. I believe that in future paper money go in history and we all will pay from plastc cards and aout wallets will be somewhere in the net. I think this future is not so far.
Yes bitcoin is money and real currency but the fact is that it is an online money or currency and we are transacting through online. And people doesn't even know it yet, a lot of them are still using fiat money because they have been using it for a long time, even us. But for me, if bitcoin is going to replace fiat money. I don't think that is going to happen easily many things are need to be considered and study. True, there are many things to consider if Bitcoin would attempt to replace fiat since it's not already been known by everybody compared to fiat that it's been used for how many Millennium already that's why it's not possible to replace fiat so easily an it would take time if Bitcoin would try it. |
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goldcoinminer
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September 17, 2016, 07:33:38 AM |
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Bitcoin is money. How money can replace the money? But if the talk is about replacement paper money - that really can happen one day. I believe that in future paper money go in history and we all will pay from plastc cards and aout wallets will be somewhere in the net. I think this future is not so far.
Yes bitcoin is money and real currency but the fact is that it is an online money or currency and we are transacting through online. And people doesn't even know it yet, a lot of them are still using fiat money because they have been using it for a long time, even us. But for me, if bitcoin is going to replace fiat money. I don't think that is going to happen easily many things are need to be considered and study. True, there are many things to consider if Bitcoin would attempt to replace fiat since it's not already been known by everybody compared to fiat that it's been used for how many Millennium already that's why it's not possible to replace fiat so easily an it would take time if Bitcoin would try it. There are things to consider but if you are realistic you would not think that way, no question bitcoin is popular nowadays but only for us inside the community, the fact will tell that the total users of bitcoin is less than 1% of the total population in the world. |
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