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X-ray
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October 23, 2016, 10:24:05 AM |
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No chance. BTC will be max. 21 000 000. World, need more money  bitcoin also having smaller units such as satoshi,mbtc,and ubtc that make bitcoin flexible and no need of any additional supply when these units could make you buy bitcoin with any amount of money,so the 21 millions supply is not going to be a real problem |
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DrGuns4Hands
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October 23, 2016, 10:42:19 AM |
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I think bitcoin is a money too so? how bitcoin replaces money hmm?? it's still a money :3
Haha yea right bitcoin is a money itslelf.It is a currency and has a value in market and can be used to buy many things online so bitcoin being itself money and there are many forms of money as fiat currency paper money and i think any form of money cannot replace each other. Bitcoin couldnt really replace fiat money anytime soon since bitcoin is only good on online transaction or on other physical purchases which uses a physical bitcoin but still people would prefer to use up paper currency hence this is being used for how many years by people all over the world and as we all now that bitcoins adoption is not really there to consider this things. You are right! It is only good in online transactions which if that store will accept bitcoin as payment unlike in real life we cant say that all of the stores accept bitcoin as payment because most of the vendors doesnt know bitcoin. Well we are also in our fiat because we do exchange our money to our own fiat to buy some stuff |
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gabmen
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October 23, 2016, 11:16:46 AM |
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I think bitcoin is a money too so? how bitcoin replaces money hmm?? it's still a money :3
Haha yea right bitcoin is a money itslelf.It is a currency and has a value in market and can be used to buy many things online so bitcoin being itself money and there are many forms of money as fiat currency paper money and i think any form of money cannot replace each other. Bitcoin couldnt really replace fiat money anytime soon since bitcoin is only good on online transaction or on other physical purchases which uses a physical bitcoin but still people would prefer to use up paper currency hence this is being used for how many years by people all over the world and as we all now that bitcoins adoption is not really there to consider this things. Yes you are right, both on the use bitcoin online. But in fact the use of bitcoin is still losing money. More money is needed in real use. It may be true that bitcoin can not replace the money. Bitcoin will grow in the online and the extent of crypto. Well come to think of it, it's possible that time will come when bitcoin would be at the same level of use as paper money. Not to replace it though, but to be an equal option to fiat. |
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Pattberry
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October 23, 2016, 11:20:18 AM |
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bitcoin or any digital currency has the potential to replace the fiat currency but it might take a while in order that to happen,it is not easy as you think ,right now we are using debt and credit cards for purchasing ,but people are still using paper currency to purchase goods and not every shop accepts debit or credit card,when everything becomes digital then we can think about replace paper currency
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Colt22
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October 23, 2016, 11:54:28 AM |
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Bitcoin itself is a money so we cannot use that terms but if you are saying about fiat them I think it will replace the use of fiat but will not be a source to disappear fiat. Fiat will remain in existence.
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freedomgo
Legendary
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Activity: 3080
Merit: 1144
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October 23, 2016, 12:02:06 PM |
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bitcoin or any digital currency has the potential to replace the fiat currency but it might take a while in order that to happen,it is not easy as you think ,right now we are using debt and credit cards for purchasing ,but people are still using paper currency to purchase goods and not every shop accepts debit or credit card,when everything becomes digital then we can think about replace paper currency
Sorry but I cannot agree to that statement, bitcoin is good as a digital currency but it has only limited function which is solely for online transaction, fiat are government regulated currency and it give us an assurance that we are using a legal tender that will protect the interest on both transacting party. |
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Lavavest
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Activity: 82
Merit: 0
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October 23, 2016, 04:25:37 PM |
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bitcoin or any digital currency has the potential to replace the fiat currency but it might take a while in order that to happen,it is not easy as you think ,right now we are using debt and credit cards for purchasing ,but people are still using paper currency to purchase goods and not every shop accepts debit or credit card,when everything becomes digital then we can think about replace paper currency
Sorry but I cannot agree to that statement, bitcoin is good as a digital currency but it has only limited function which is solely for online transaction, fiat are government regulated currency and it give us an assurance that we are using a legal tender that will protect the interest on both transacting party. In the future, online transaction will be for more than 90% of all the transaction. You can do one with a mobile device. |
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Doamader
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October 23, 2016, 05:00:55 PM |
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bitcoin or any digital currency has the potential to replace the fiat currency but it might take a while in order that to happen,it is not easy as you think ,right now we are using debt and credit cards for purchasing ,but people are still using paper currency to purchase goods and not every shop accepts debit or credit card,when everything becomes digital then we can think about replace paper currency
Sorry but I cannot agree to that statement, bitcoin is good as a digital currency but it has only limited function which is solely for online transaction, fiat are government regulated currency and it give us an assurance that we are using a legal tender that will protect the interest on both transacting party. In the future, online transaction will be for more than 90% of all the transaction. You can do one with a mobile device. It will take atleast 10 years till the we achieve those moment, sure almost all people does have a phone, but internet at some countries are expensive, because its new, anyway over the time i do believe we will be doing almost everything online. |
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Mastsetad
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October 23, 2016, 05:29:07 PM |
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bitcoin or any digital currency has the potential to replace the fiat currency but it might take a while in order that to happen,it is not easy as you think ,right now we are using debt and credit cards for purchasing ,but people are still using paper currency to purchase goods and not every shop accepts debit or credit card,when everything becomes digital then we can think about replace paper currency
Sorry but I cannot agree to that statement, bitcoin is good as a digital currency but it has only limited function which is solely for online transaction, fiat are government regulated currency and it give us an assurance that we are using a legal tender that will protect the interest on both transacting party. In the future, online transaction will be for more than 90% of all the transaction. You can do one with a mobile device. What do you mean by we can do a transaction with a mobile device in future? Are you talking about bitcoin transaction? We can do that right now with a mobile device as well, i don't really get the concept of your statement. |
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blackmagician
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October 23, 2016, 05:39:23 PM |
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It will not happen. We all grow up using money,then suddenly it will be replace by bitcoin.i dont like it. Bitcoin is for online payments only
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v1ryspro
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October 23, 2016, 05:53:33 PM |
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It will not happen. We all grow up using money,then suddenly it will be replace by bitcoin.i dont like it. Bitcoin is for online payments only
I agree with your point of view. Never will not happen. For example, gold is not a substitute for money, though it is also very valuable. And Bitcoin and Fiat will exist together |
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x|8y8|x
Member
Offline
Activity: 115
Merit: 10
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October 23, 2016, 06:37:03 PM |
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i do not thing that it can be happen in the near future, but hope that after decades we will be able to replace fiat and start using bitcoin in all kind of activities.
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socks435
Legendary
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Activity: 2016
Merit: 1030
Privacy is always important
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October 23, 2016, 06:45:57 PM |
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i do not thing that it can be happen in the near future, but hope that after decades we will be able to replace fiat and start using bitcoin in all kind of activities.
Its obvious that its impossible to happen in the future.. fiat is fiat and it will never change it because of bitcoin.. bitcoin is always the best only for alternative and i am sure government will deny it.. |
Solving blocks can't be solved without my rigs.
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SmirnoffVany
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October 23, 2016, 09:04:47 PM |
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In the near future, predicting that humanity refuses to cash. And it already means that all financial transactions will take place in a digital format.
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tracktorr
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October 23, 2016, 09:18:18 PM |
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In the near future, predicting that humanity refuses to cash. And it already means that all financial transactions will take place in a digital format.
If the digital format it does not say anything. It can be the same money is not just cash in your pocket, but with the help of bank cards can pay for all services or purchase. A currency will remain the same. |
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elena-tur
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October 23, 2016, 09:35:36 PM |
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i do not thing that it can be happen in the near future, but hope that after decades we will be able to replace fiat and start using bitcoin in all kind of activities.
If we imagine such a situation without cash, then remembered the fantastic films where, instead of cash or credit cards there. But still there is something in his arms, not virtual. Let there be no paper, but still something will be different. |
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saiha
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October 23, 2016, 09:47:53 PM |
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i do not thing that it can be happen in the near future, but hope that after decades we will be able to replace fiat and start using bitcoin in all kind of activities.
If we imagine such a situation without cash, then remembered the fantastic films where, instead of cash or credit cards there. But still there is something in his arms, not virtual. Let there be no paper, but still something will be different. So we can just back in the ancient times and keep on the trading with other goods like gold and other precious metal again and that is barter. But I really don't think something different will make the people not use paper money. Because this is supported by the government. Unless the government will support bitcoin then they can just implement it. |
Vires in Numeris
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Superzpay
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October 23, 2016, 10:23:44 PM |
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It will not happen. We all grow up using money,then suddenly it will be replace by bitcoin.i dont like it. Bitcoin is for online payments only
But if you grow up more you will find that now everyone like to use the digital system of payment and other transactions debit cards are one example of them and when everyone will know about bitcoin then they will adopt it for their uses. |
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Ziskinberg
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October 24, 2016, 03:16:40 AM |
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It will not happen. We all grow up using money,then suddenly it will be replace by bitcoin.i dont like it. Bitcoin is for online payments only
But if you grow up more you will find that now everyone like to use the digital system of payment and other transactions debit cards are one example of them and when everyone will know about bitcoin then they will adopt it for their uses. You reasoning is only focus on the best side of bitcoin, it is apparent that bitcoin is good only for online transaction and money or cash is good for offline and online transaction, majority of money circulation in this world are done offline or buy face to face transaction so with that very simple reason we cannot make money gone in the circulation, they are both useful so they should remain in the circulation. |
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Mr. Big
Member
Global Moderator
Legendary
Offline
Activity: 2296
Merit: 1175
While my guitar gently weeps!!!
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October 24, 2016, 03:20:33 AM |
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In the near future, predicting that humanity refuses to cash. And it already means that all financial transactions will take place in a digital format.
As other post say, it would still be cash in digital form, remember that money is legal and was issued by the government to its people so I think even in years to come it will still be the same, although there might be a digital form of it just like in cards in ATMs and credit cards... But never bitcoin, it cannot replace money unless otherwise the government own the bitcoin...  |
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