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Cast12
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September 19, 2016, 06:14:45 PM |
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I don't think that bitcoin will replace money since to me, bitcoin is a form of currency and not as an investment. I hope that more sites will use bitcoin so that I can use them there without using a debit card.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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ekoice
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September 19, 2016, 07:51:51 PM |
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Even though bitcoin usage would go high in the future, still it will not replace money.
Bitcoin is a crypto currency and not all people would know about internet and cryptocurrency.
On the otherhand,Money is supported by banks and government making it more familiar to all people.
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passwordnow
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September 20, 2016, 04:17:05 AM |
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I don't think that bitcoin will replace money since to me, bitcoin is a form of currency and not as an investment. I hope that more sites will use bitcoin so that I can use them there without using a debit card.
I doubt it too that bitcoin is going to replace the current currencies that we are using. Because if we are going to think about it. It is still a young currency and people are going to doubt it because everyone of us has their own standards regarding on how we are going to trust something. But I think this is going to happen for implementing cashless society, but not now. |
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goldcoinminer
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September 20, 2016, 07:15:30 AM |
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I don't think that bitcoin will replace money since to me, bitcoin is a form of currency and not as an investment. I hope that more sites will use bitcoin so that I can use them there without using a debit card.
I doubt it too that bitcoin is going to replace the current currencies that we are using. Because if we are going to think about it. It is still a young currency and people are going to doubt it because everyone of us has their own standards regarding on how we are going to trust something. But I think this is going to happen for implementing cashless society, but not now. Everything is just a dream, it will never happen because bitcoin will remain an online currency that is unregulated, I would only be happy if bitcoin will be popular and the price will increase so my investment will grow but I will not anymore hope for that to happen. |
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Cozynunu
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September 20, 2016, 08:03:22 AM |
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Lol allot of peopel thinks this but how do you think bitcoin will replace the money peopel pay their bills with bitcoins lol i dont think so if this happends the world will collapse.
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Altcoinsupporter
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September 20, 2016, 08:33:14 AM |
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Anything can happen but this seems very unlikely cause alot of rich people have so much power that they wouldn't allow for this to happen.
If they see it coming close they would break bitcoin somehow or it would be made illegal like it already is in some countries.
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Altcoinsupporter
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September 20, 2016, 08:45:14 AM |
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It could happen or it couldn't but it's too hard to predict that right now. We have to see the next steps where bitcoin is moving too.
If we see alot of shops massively starting to accept it in the next few years then my hope is there for it to be the replacer of the current money.
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J Gambler
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September 20, 2016, 08:51:35 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?
Bitcoin not replace money-money is the one of the most paper money we use it-to buy good digital good and many more if bitcoin-change the money soon i think thats impossible butcoin is not yet know people maybe bitcoib will disappear. |
Y U MAD AT ME
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mark coins
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September 20, 2016, 08:57:09 AM |
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It could happen or it couldn't but it's too hard to predict that right now. We have to see the next steps where bitcoin is moving too.
If we see alot of shops massively starting to accept it in the next few years then my hope is there for it to be the replacer of the current money.
Even if many shops will start accepting bitcoins in future its not possible that paper money will disappear, as the illiterate and poor people who don't have any idea about bitcoins will continue their spending with fiat. |
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babsalt1975
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September 20, 2016, 09:05:13 AM |
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Everyday we are having innovations and I don't think any innovation can replace the old system. Fiat has been around for so many years and pushing it off will have dire consequences. Bitcoin was a well thought innovation that will complement the fiat currency.
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stromma44
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September 20, 2016, 09:18:01 AM |
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Everyday we are having innovations and I don't think any innovation can replace the old system. Fiat has been around for so many years and pushing it off will have dire consequences. Bitcoin was a well thought innovation that will complement the fiat currency.
Its a simple logic, even with existence of credit cards, there are many people who believe in shopping with fiat, same would be scenario with bitcoins, people who are used to fiat will never switch to anything else. |
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pocarime32
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September 20, 2016, 03:52:31 PM |
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I don't think bitcoin can replaces the money. Because bitcoin still new FOR some people, because many of them still don't know about bitcoin and for replaces the money, bitcoin need to be known by all people.
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chaser15
Legendary
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Activity: 2688
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Undeads.com - P2E Runner Game
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September 20, 2016, 03:56:06 PM |
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I don't think bitcoin can replaces the money. Because bitcoin still new FOR some people, because many of them still don't know about bitcoin and for replaces the money, bitcoin need to be known by all people.
Bitcoin is already a money so no replacement issue here. The usage will be the point. But then, fiat usage will still be more active even we count for many years to come. Bitcoin needs internet hence the fiat don't so still fiat will be the most use form of money for decades. |
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Orion25
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September 22, 2016, 07:07:19 PM |
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Members bitcoin quite a bit of money and a global replace on bitcoin will not happen. Basically bitcoin is popular among those who live on the Internet. A real life requires real money.
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KenR
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September 22, 2016, 07:18:11 PM |
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Members bitcoin quite a bit of money and a global replace on bitcoin will not happen. Basically bitcoin is popular among those who live on the Internet. A real life requires real money.
"A real life requires real money" .Funny,to contradict that point,ask anyone from Indonesia or Philippines how bitcoin and signature campaigns is helping them sponsor 2 times food and medicines for their family.Yes,this is real life and very factual. |
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Dora Doll
Member
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Activity: 84
Merit: 10
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September 23, 2016, 10:20:13 AM |
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yes there is no doubt about this that bitcoin can replace the fiat currency but i think it will take a lot of time because still 1% of the total population is not using bitcoin and rest of the people are totally depending on bitcoin, therefore it is not such an easy task to replace bitcoin by fiat currency.
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vhong
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September 23, 2016, 10:41:23 AM |
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I agree,money is used by all the people in the world and people around the whole world doesnt know what bitcoin is and bitcoin is for the internet use a internet payment system.
Your right and people wants to use their own currency especially their government. I dont think government will allow btc as their main currency. Yeah, very unlikely for a particular government in adopting bitcoin as their main currency regardless of its popularity around the world. |
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Fraxinus
Legendary
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September 23, 2016, 11:20:28 AM |
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Lol allot of peopel thinks this but how do you think bitcoin will replace the money peopel pay their bills with bitcoins lol i dont think so if this happends the world will collapse.
There is already some services and websites that are allowing their users to pay their bills with bitcoins so I guess that is nearly to come. And if you are a very techy person you will now that this is possible to happen because of the fast paced technology and environment that we are living today. It is will happen but not as of today. Yeah you can pay bills with BTC also you can buy a lot of stuff online and order food and stuff so BTC is even now taking the place of cash but there's a long way to go in order for it to become so big that it fully replaces it |
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bitlancr
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September 23, 2016, 12:01:11 PM |
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It can maybe happen but it will take a lot of time and I also think that we than should wait a long time on it because its not something that is done fast.
It will take years over years to even come close with the bitcoin right now.
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dunfida
Legendary
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Activity: 3066
Merit: 1129
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September 23, 2016, 01:05:10 PM |
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Lol allot of peopel thinks this but how do you think bitcoin will replace the money peopel pay their bills with bitcoins lol i dont think so if this happends the world will collapse.
There is already some services and websites that are allowing their users to pay their bills with bitcoins so I guess that is nearly to come. And if you are a very techy person you will now that this is possible to happen because of the fast paced technology and environment that we are living today. It is will happen but not as of today. Yeah you can pay bills with BTC also you can buy a lot of stuff online and order food and stuff so BTC is even now taking the place of cash but there's a long way to go in order for it to become so big that it fully replaces it Even how bitcoin would be used in future but still it wont replace fiat money anytime soon since paper currency is commonly used by anybody since in the beginning it was created and not all people are not familiar with bitcoin some may not know and would prefer to use paper money instead. |
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