|
Sandroxa
|
 |
October 18, 2016, 02:37:17 PM |
|
The bitcoin cant replaced because the bitcoin exist out of dollar you know how can the dollar changed into the bitcoin that measn that everybody needs to use the
bitcoin and that is not going to happen.
|
|
|
|
|
|
|
|
|
|
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
arseaboy
|
|
October 18, 2016, 03:09:17 PM |
|
It's not possible. Money still need to be exist. For now we can only use bitcoin for making transaction online and not all countries are capable of doing this especially remote areas which doesn't have ways transacting online. Who knows maybe in the future, perhaps it is possible.
|
|
|
|
malikusama
Copper Member
Sr. Member
 Offline
Activity: 1050
Merit: 294
|
|
October 18, 2016, 04:14:57 PM |
|
Not at all, it is impossible to replace paper money with bitcoins as paper money is the most effective and reliable than any other type of currency. Government will never do it because it is decentralized currency, bitcoin will become more popular in upcoming years and many of the big stores will start accepting bitcoins as alternative payment method but it is impossible to replace fiat with bitcoin.
|
|
|
|
|
chaser15
Legendary
Offline
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
|
|
October 18, 2016, 05:04:29 PM |
|
Possibly yes in the near future but not entirely. Fiat I think would still be the main currency in the coming decade or more though I think other currencies would be accepted, especially bitcoin as some countries are already supporting this right now. But for the question if it can actually replace the current monetary system? I don't think I'd be able to see that in my lifetime
I don't think bitcoin will be able to replace money, from the amount itself, bitcoin won't be able to support half of the world wealth, and then for now the transaction speed still become number one problem why some store doesn't want to use bitcoin, so I don't think bitcoin can replace money The number of Bitcoins in circulation is enough. If all the people in the world converts all their fiat into Bitcoin, it will just inflate Bitcoins. Bitcoin doesn't have to be billions in number in order to support the wealth of the world. Actually, even if the number of Bitcoins in circulation is lower, it would still be okay because as more people convert their fiat into Bitcoins, it will just continue increasing its value. i do not think that if all the people of the world will start using bitcoin and it will be enough for all the people, the miners should increase mining bitcoins as that they can fulfill the need of the increasing number of bitcoin users. As long as bitcoin usage is well balanced although not that same in percentage, we don't have to worry with the supplies. With the lots of usages today of bitcoin including converting it to fiat, using direct payment etc. we can expect that coins are well distributed and not just it was owned by big hoarders or whales. And with the divisibility of bitcoin into 8 decimal, it really a good factor in terms of disrtribution as people can own even a small amount out of the whole supply that will mined in the future. |
|
|
|
|
Mastsetad
|
|
October 18, 2016, 05:12:00 PM |
|
It's not possible. Money still need to be exist. For now we can only use bitcoin for making transaction online and not all countries are capable of doing this especially remote areas which doesn't have ways transacting online. Who knows maybe in the future, perhaps it is possible.
How can that be possible? The most basic thing we should think about before thinking if bitcoin can replace dollar or not is that there is a limited amount of bitcoins existing while dollars are way more than that so how come bitcoin can cover all the place that dollar covers with a limited amount? |
|
|
|
|
vino.gcs
Member
Offline
Activity: 95
Merit: 10
|
|
October 18, 2016, 05:18:53 PM |
|
I don't see any possibility for that to happen. At very basic level; we can have only 21 million bitcoins totally. Do you think 7 billion people can be satisfied with 21 millions Bitcoins?
I don't think so.
|
|
|
|
|
|
ekoice
|
|
October 18, 2016, 06:14:28 PM |
|
Bitcoin cannot replace money because money is supported by governments and so people have more trust in fiat currency than bitcoin. But bitcoin will be the secondary payment method.More over governments takes steps to maintain the stability of fiat price during huge inflation and we cannot explain in bitcoin because it is a decentralised currency
|
|
|
|
|
bitdumper
Sr. Member
Offline
Activity: 266
Merit: 250
One world One currency, Bitcoin.
|
|
October 18, 2016, 06:24:33 PM |
|
yes its quite possible if government starts acepting bitcoin for their transactions then whole country will accept btc too and when that happens i do not think faint money will have its current rerity because then it will have a strong opponent that is bitcoi was more easy to travel and store
|
|
|
|
|
BitsandBites
|
|
October 18, 2016, 06:30:26 PM |
|
No I do not think this will happen but of course never say never because you never know it of course.
I think that its gonna be hard the other currency's are already so long in the game.
|
|
|
|
|
|
Bitcoinsummoner
|
|
October 18, 2016, 06:34:00 PM |
|
yes its quite possible if government starts acepting bitcoin for their transactions then whole country will accept btc too and when that happens i do not think faint money will have its current rerity because then it will have a strong opponent that is bitcoi was more easy to travel and store
Its impossible that can replace money for bitcoin since bitcoin is always just alternative and i think if bitcoin is accepted bitcoin to use locally instead we are just paying for small fee for every transaction we need to pay for a tax.. we know for some people who are using bitcoin they are looking for freedome to use.. if government involves no gambling will be happen since many are hiding their identity.. |
|
|
|
doraemon1
Member
Offline
Activity: 98
Merit: 10
|
|
October 18, 2016, 07:37:19 PM |
|
honestly think this is not gonna happen, the normal currency's are just too big to take over in my opinion.
Maybe if the normal currency's will get smaller its possible but I do not see this happen at all.
|
|
|
|
|
|
Drago2016
|
|
October 19, 2016, 08:28:33 PM |
|
Money will always be money. For the people is very important aspect of eye contact with your money. The fact that people keep their money in banks and are does not mean anything by using credit cards. But bitcoin will take its place in the financial sector but not replace real money.
|
|
|
|
|
|
coszy
|
|
October 19, 2016, 08:52:22 PM |
|
Money will always be money. For the people is very important aspect of eye contact with your money. The fact that people keep their money in banks and are does not mean anything by using credit cards. But bitcoin will take its place in the financial sector but not replace real money.
Bitcoin does not replace the money. Although I have all the savings in digital format. So definitely say now I can not. But go completely on bitcoin will not work. Will complexity. |
|
|
|
|
chaser15
Legendary
Offline
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
|
|
October 20, 2016, 03:01:08 AM |
|
yes its quite possible if government starts acepting bitcoin for their transactions then whole country will accept btc too and when that happens i do not think faint money will have its current rerity because then it will have a strong opponent that is bitcoi was more easy to travel and store
Even the goverment will starts accepting bitcoin in most of the transactions, it's not a big factor for bitcoin to replace the usual money. It's just that we have now some additional options when doing online paymeny transactions. I do like the fact the bitcoin will be accepted by all countries but to the point that it will replace the whole money system, it's not a good idea as bitcoin only lives in digital world. |
|
|
|
|
jossiel
|
|
October 20, 2016, 06:16:24 AM |
|
honestly think this is not gonna happen, the normal currency's are just too big to take over in my opinion.
Maybe if the normal currency's will get smaller its possible but I do not see this happen at all.
Me too I don't think that this is going to happen because the use of fiat money has been established for a lot of time already. But I would say that there is going to be a chance if the government will implement will be used as secondary currency but no the primary. This is more feasible than making fiat money lost. |
|
|
|
|
freedomgo
Legendary
Offline
Activity: 3080
Merit: 1144
|
|
October 20, 2016, 07:32:01 AM |
|
honestly think this is not gonna happen, the normal currency's are just too big to take over in my opinion.
Maybe if the normal currency's will get smaller its possible but I do not see this happen at all.
Me too I don't think that this is going to happen because the use of fiat money has been established for a lot of time already. But I would say that there is going to be a chance if the government will implement will be used as secondary currency but no the primary. This is more feasible than making fiat money lost. I am using fiat 24/7 and I am happy with it and also I am investing and working for bitcoin, if you will see that both had given me comfort so why would I choose to replace money with my bitcoin when I can use both to have convenience, the answer is pretty simple. It will not happen.. |
|
|
|
|
noictib
|
|
October 20, 2016, 07:47:20 AM |
|
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 am thinking about this in straight forward like . i am thinking that what happen when the bitcoin got a high transaction charge restrictions for taxation by government of countries . so in my opinion there may be average development in the bitcoin services development for direct buy and sell . |
|
|
|
|
|
diodio5
|
|
October 20, 2016, 08:05:15 AM |
|
yes its quite possible if government starts acepting bitcoin for their transactions then whole country will accept btc too and when that happens i do not think faint money will have its current rerity because then it will have a strong opponent that is bitcoi was more easy to travel and store
I think a good start when the government of your country at least begin to look at especially when they accept bitcoin bitcoin course it will be a very good thing for bitcoin, of course, if that happens. just a time where there are many countries that will follow |
|
|
|
|
|
goldcoinminer
|
|
October 20, 2016, 08:38:36 AM |
|
yes its quite possible if government starts acepting bitcoin for their transactions then whole country will accept btc too and when that happens i do not think faint money will have its current rerity because then it will have a strong opponent that is bitcoi was more easy to travel and store
I think a good start when the government of your country at least begin to look at especially when they accept bitcoin bitcoin course it will be a very good thing for bitcoin, of course, if that happens. just a time where there are many countries that will follow If in big countries bitcoin are being recognized as a legal currency then I will expect an booming economy of bitcoin and we will be able to make good profit on our investment, but I doubt that time will come because bitcoin does not fit in the system of the government as it is decentralized and anonymous. |
|
|
|
|
|
Aamir1
|
|
October 20, 2016, 08:43:13 AM |
|
yes its quite possible if government starts acepting bitcoin for their transactions then whole country will accept btc too and when that happens i do not think faint money will have its current rerity because then it will have a strong opponent that is bitcoi was more easy to travel and store
I dont think a government would like to leave controlling the economic system of a country as that will be the case if the government starts accepting bitcoin and all the country starts using that too, because bitcoin is not something that can be controlled by a government and if that is done then there will be no use of bitcoin replacing fiat. |
|
|
|
|
|
