Bitcoin replaces the money? Could happen?

[kuyua]

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?

I think that the current will not happen, at least in the past ten years. Many countries know bitcoin, but how many countries recognized bitcoin, bitcoin bitcoin trading in the market? But I believe in bitcoin, it takes time to prove its value.

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[Harlot]

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?

I think that the current will not happen, at least in the past ten years. Many countries know bitcoin, but how many countries recognized bitcoin, bitcoin bitcoin trading in the market? But I believe in bitcoin, it takes time to prove its value.

The world is aware that there is bitcoin the question is for people to use it, is how is it better than fiat currency? Also judging from its price it already prove to us that BTC is the leader in the cryptocurrency market, which no other altcoin can match its value. If a local company is brave enough to accept Bitcoin than the other companies will follow their lead that is how competition works. If the other one leads for sure the others will follow, that is my understanding on how Bitcoin can be accepted as means of payment but not to replace money.

[olyaru]

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

[Capradina]

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

You're absolutely right, bitcoin is not fully or not, could replace the existing currency. because the Foundation still owns the bitcoin is not good, and also the market doesn't yet have bitcoin well around the world. If it could be met by bitcoin, it likely could be performed by bitcoin

[freedomgo]

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

You're absolutely right, bitcoin is not fully or not, could replace the existing currency. because the Foundation still owns the bitcoin is not good, and also the market doesn't yet have bitcoin well around the world. If it could be met by bitcoin, it likely could be performed by bitcoin

Actually bitcoin is good but not really good to replace the legal currency, the reason behind is that this digital currency is not regulated but the paper money are regulated, with that fact the bitcoin transaction cannot be trace by the government and they cannot collect taxes.

[Blitzboy]

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

You're absolutely right, bitcoin is not fully or not, could replace the existing currency. because the Foundation still owns the bitcoin is not good, and also the market doesn't yet have bitcoin well around the world. If it could be met by bitcoin, it likely could be performed by bitcoin

Actually bitcoin is good but not really good to replace the legal currency, the reason behind is that this digital currency is not regulated but the paper money are regulated, with that fact the bitcoin transaction cannot be trace by the government and they cannot collect taxes.

Tax is not the problem. I think it is easy for the government to develop a system which require people to pay bitcoin per transaction. For example, if people do not pay for the system, the government can easily sut down a hole internet, and bitcoin can not be sent without the network.

[saiha]

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

You're absolutely right, bitcoin is not fully or not, could replace the existing currency. because the Foundation still owns the bitcoin is not good, and also the market doesn't yet have bitcoin well around the world. If it could be met by bitcoin, it likely could be performed by bitcoin

Actually bitcoin is good but not really good to replace the legal currency, the reason behind is that this digital currency is not regulated but the paper money are regulated, with that fact the bitcoin transaction cannot be trace by the government and they cannot collect taxes.

Tax is not the problem. I think it is easy for the government to develop a system which require people to pay bitcoin per transaction. For example, if people do not pay for the system, the government can easily sut down a hole internet, and bitcoin can not be sent without the network.

Even they are not going to create or develop a system the main thing that the government must do for replacing fiat money is by implementing it.

And if this is going to be implemented to a country that the people must use bitcoin as their primary currency so the people are just going to follow it.

That is the easiest thing that the government is going to do for replacing fiat.

[goldcoinminer]

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

You're absolutely right, bitcoin is not fully or not, could replace the existing currency. because the Foundation still owns the bitcoin is not good, and also the market doesn't yet have bitcoin well around the world. If it could be met by bitcoin, it likely could be performed by bitcoin

Actually bitcoin is good but not really good to replace the legal currency, the reason behind is that this digital currency is not regulated but the paper money are regulated, with that fact the bitcoin transaction cannot be trace by the government and they cannot collect taxes.

Tax is not the problem. I think it is easy for the government to develop a system which require people to pay bitcoin per transaction. For example, if people do not pay for the system, the government can easily sut down a hole internet, and bitcoin can not be sent without the network.

Even they are not going to create or develop a system the main thing that the government must do for replacing fiat money is by implementing it.

And if this is going to be implemented to a country that the people must use bitcoin as their primary currency so the people are just going to follow it.

That is the easiest thing that the government is going to do for replacing fiat.

System does not work without the trust of the people, like bitcoin we can say that the system is really good but without the trust of the people it will not succeed to have a massive adoption if you are expecting that it will attract at least more than 50% of the world population.

[betohell]

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

nope i think just because bitcoin digital form, bitcoin can not grow and become the major currencies? it was wrong, precisely in the future digital currency will be more widely used

[Noctis Connor]

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

nope i think just because bitcoin digital form, bitcoin can not grow and become the major currencies? it was wrong, precisely in the future digital currency will be more widely used

Yes very true bitcoin can't not really make it to become our major currencies because our real currencies that we use for centuries are the mark of the countries where you will know where country you were from because of that physical paper money bitcoin can only use for shopping.

[tabas]

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

nope i think just because bitcoin digital form, bitcoin can not grow and become the major currencies? it was wrong, precisely in the future digital currency will be more widely used

Yes very true bitcoin can't not really make it to become our major currencies because our real currencies that we use for centuries are the mark of the countries where you will know where country you were from because of that physical paper money bitcoin can only use for shopping.

I don't think that this is going to our generation but this is possible to happen for the next generations and that is going to start if the countries are going to have agreement and implementation of the use of bitcoin. And that is going to make the fiat money to gone easily and we are going to say good bye to the traditional way of using money.

[mastica]

Bitcoin is a currencie and a way to pay anything online, besides that it hasnt been made to replace anything else besides the full control of banks and countries over your money and the high fees chargeds between several transactions.

[blackmachinegun]

Bitcoin is no substitute for the major currencies on the market. The first reason is that we need a real and material unit for communication between people.

I think no matter what the form of money, or digital cash. if it is used by many people and the currency was becoming mainstream
I think it could be used as the main currency. I think the future even later as bitcoin digital currency will be in the interest

[bit1]

maybe it could but i belive banks have very strong roots into the groud and they have even spread their empire all over the country and ruling over many years bitcoin is far far better than them but still is banks toughest enemy

Not maybe, it's impossible. The only entity with the power to replace the current fiat money system, are the governments themselves if they so wish. But why should they? This whole system is set up to generate them multi billions of incoming money from people every month/year. They would be crazy to change anything.

Agree,  to change anything completely could be very risky, so that completely dependent on electronic systems to buy and sell anything it does not sound very appealing after all,  traditional methods should always exist as a primary means, without discrediting of course the progress of the new economic and financial instruments.

[23dzmaz]

Bitcoin is possible to replaces the money, but it will takes a long time to replace the money, because there are still many people who don't know about bitcoin. To replaces the money, bitcoin must be known by all people.

[batang_bitcoin]

maybe it could but i belive banks have very strong roots into the groud and they have even spread their empire all over the country and ruling over many years bitcoin is far far better than them but still is banks toughest enemy

Not maybe, it's impossible. The only entity with the power to replace the current fiat money system, are the governments themselves if they so wish. But why should they? This whole system is set up to generate them multi billions of incoming money from people every month/year. They would be crazy to change anything.

Agree,  to change anything completely could be very risky, so that completely dependent on electronic systems to buy and sell anything it does not sound very appealing after all,  traditional methods should always exist as a primary means, without discrediting of course the progress of the new economic and financial instruments.

We are already in the modern era and this is possible to happen if they are going to see that usage of bitcoin is going to be easy and convenient people will shift immediately with the use of it and going to forget totally fiat money. Only if the majority of the people on a country have already knowledge with bitcoin and started using bitcoin for some time.

[MTBTT]

Bitcoin is possible to replaces the money, but it will takes a long time to replace the money, because there are still many people who don't know about bitcoin. To replaces the money, bitcoin must be known by all people.

nope i think it would be difficult for bitcoin to replace fiat, as I'm sure all fiat currencies will also be developed, maybe they will also have another version that is digitally like bitcoin

[Mr. Big]

Bitcoin is possible to replaces the money, but it will takes a long time to replace the money, because there are still many people who don't know about bitcoin. To replaces the money, bitcoin must be known by all people.

nope i think it would be difficult for bitcoin to replace fiat, as I'm sure all fiat currencies will also be developed, maybe they will also have another version that is digitally like bitcoin

That's possible, since fiat is not just in control of one nation and each nation has its own money, some of them could possibly make their own digital money version, and I think bank cards are a good example of that improvement and I think that would go on as long as there are banks and governments keeps on improving their money, it is possible... 

[chaser15]

We are already in the modern era and this is possible to happen if they are going to see that usage of bitcoin is going to be easy and convenient people will shift immediately with the use of it and going to forget totally fiat money. Only if the majority of the people on a country have already knowledge with bitcoin and started using bitcoin for some time.

You think with that just idea of modern era is enough reason to believe that bitcoin will replace money in the future? Do you think that modern era can be adopted by all people in the world? Look at today's era, there is still places in the world which having a hard time dealing with fiat currency.

So how much more in bitcoin where the only way you can access it is thru online?

[doraemon1]

Bitcoin can replace money in future, but when that time will come that we all are not aware about it, maybe it will take decades to replace money, only thing we want is that bitcoin should be widely used and widely accepted.