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goldcoinminer
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October 24, 2016, 07:12:29 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...  But the question is, how would bitcoin will replace money when bitcoin itself is not regulated, I think that is impossible also as the value of bitcoin is based on the fiat most certainly USD. That is a little complicated but let us not complicate things as it will never happen bitcoin will be the mainstream currency in the world. |
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Ryananda (OP)
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October 24, 2016, 07:19:19 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. 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. Yes if such was possible I think it could happen. Maybe bitcoin could be at the level I with paper money, but not to replace paper money. But to do that bitcoin is still very difficult because of the need of adoption and cooperation with the government to give permission to use bitcoin. |
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utkarshm
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October 24, 2016, 07:20:29 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... But the question is, how would bitcoin will replace money when bitcoin itself is not regulated, I think that is impossible also as the value of bitcoin is based on the fiat most certainly USD. That is a little complicated but let us not complicate things as it will never happen bitcoin will be the mainstream currency in the world. I think the question should be actually can bitcoin replace the fiat because bitcoin is also a money.But that too can never actually happen.Yes right that we value bitcoin just becaue of its value in fiat or USD also bitcoins is a virtual currency and in no way its possible for it to replace the fiat money. |
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DixieCrayon
Member
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Activity: 68
Merit: 10
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October 24, 2016, 08:38:04 AM |
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How do you all think this is going ot happen the price of th ebitcoin is the dollar and how do you think that something that exist out of the dollar is going to replace the dollar i dont think this is going to work you know
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Aamir1
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October 24, 2016, 08:45:25 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
The point you mentioned or the concept that you are having is actually the biggest reason why bitcoin cannot replace fiat, because the world has been using that money from the starting, so they would probably just not accept something that does not have any shape at all which is just digital, it would take centuries for them to overcome this as they are humans. |
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halych
Full Member
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Activity: 189
Merit: 100
🌟 eSports ICO: 01/11/2017 🌟
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October 24, 2016, 09:07:15 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... But the question is, how would bitcoin will replace money when bitcoin itself is not regulated, I think that is impossible also as the value of bitcoin is based on the fiat most certainly USD. That is a little complicated but let us not complicate things as it will never happen bitcoin will be the mainstream currency in the world. I think the question should be actually can bitcoin replace the fiat because bitcoin is also a money.But that too can never actually happen.Yes right that we value bitcoin just becaue of its value in fiat or USD also bitcoins is a virtual currency and in no way its possible for it to replace the fiat money. I also believe that Bitcoin is not to replace the dollar. He will remain in place and will be an alternative currency. He will have to function and it will be used if necessary to carry out anonymous payments |
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gabmen
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October 24, 2016, 10:07:11 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... But the question is, how would bitcoin will replace money when bitcoin itself is not regulated, I think that is impossible also as the value of bitcoin is based on the fiat most certainly USD. That is a little complicated but let us not complicate things as it will never happen bitcoin will be the mainstream currency in the world. I think the question should be actually can bitcoin replace the fiat because bitcoin is also a money.But that too can never actually happen.Yes right that we value bitcoin just becaue of its value in fiat or USD also bitcoins is a virtual currency and in no way its possible for it to replace the fiat money. I also believe that Bitcoin is not to replace the dollar. He will remain in place and will be an alternative currency. He will have to function and it will be used if necessary to carry out anonymous payments Indeed. Even if it becomes stronger in the future, it would still be fiat as people are so used to holding money in their hands. Also,as stated above, it would depend if governments would accept bitcoin use as it would be much easier for them to control fiat currency |
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Harlot
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October 24, 2016, 10:47:18 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.
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. Going digital has its flaws such as stealing would be easier and cyber crime will increase. I am not against digital currency but there will be more crime when that happened. I can see that their will be a lot of phising sites in which people will try to get all your money for the benefit of themeselves. It can also promote some crimes like transfer of money from kidnappers and drug dealers. |
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TastyChillySauce00
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Activity: 2968
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
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October 24, 2016, 11:12:57 AM |
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How do you all think this is going ot happen the price of th ebitcoin is the dollar and how do you think that something that exist out of the dollar is going to replace the dollar i dont think this is going to work you know
Yeah this is really not possible to happen for because of dollar bitcoin existed. And I don't think that the government is going to allow to replace dollar by bitcoin. As we all know that bitcoin is a currency that doesn't have stable price at all, so for sure the government will not depend on bitcoin. Maybe online dollar is possible. did you really think bitcoin was exist because of dollar? actually bitcoin could have existed without dollar,if dollar is not exist then bitcoin value will be moved to another most used currency such as euro so there's no problem at all if dollar weren't exist,bitcoin was made to be digital currencies which going to be useful on digital world nor because of dollar existed |
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freedomgo
Legendary
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Activity: 3080
Merit: 1144
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October 24, 2016, 12:26:39 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. Going digital has its flaws such as stealing would be easier and cyber crime will increase. I am not against digital currency but there will be more crime when that happened. I can see that their will be a lot of phising sites in which people will try to get all your money for the benefit of themeselves. It can also promote some crimes like transfer of money from kidnappers and drug dealers. Everything has its own advantage and disadvantage, if we go fully digital, this world will go faster than ever and when that time comes it will be bitcoin that is going to rule, but for me I would not be wishing for that to happen because I still love to use paper money and digital money at the same time. |
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20kevin20
Legendary
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Activity: 1134
Merit: 1597
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October 24, 2016, 11:12:18 PM |
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Not only that we all would become anonymous and evade taxes, but also poor countries will not be able to do anything because they don't have electricity or Internet. If the governments would agree with us, anonymity wouldn't be a problem right now but they don't like it. Bitcoin will never replace the money, maybe a government-created cryptocurrency that can be tracked only by them..
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BeGoods
Legendary
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Activity: 1372
Merit: 1008
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October 24, 2016, 11:37:27 PM |
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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. although bitcoin continues to evolve and become more famous and popular I think bitcoin will not be able to change the system of money in this world, everyone in the world will certainly continue to use fiat currency as their main currency, as instructed by the government, because it is the most secure I think |
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Harlot
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October 25, 2016, 12:37:33 AM |
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Not only that we all would become anonymous and evade taxes, but also poor countries will not be able to do anything because they don't have electricity or Internet. If the governments would agree with us, anonymity wouldn't be a problem right now but they don't like it. Bitcoin will never replace the money, maybe a government-created cryptocurrency that can be tracked only by them..
Don't worry bro Bitcoin becoming the universal currency won't happen, why? Because a universal currency will be affected by even on country's economy if its bad then it means the value of that currency will go down. Just like what is happening to Euro in which everytime a crisis happen to only one country Euro's price goes down. The government won't allow that to happen some countries are not even part of the United Nations how can the other countries accept BTC? |
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Mr. Big
Member
Global Moderator
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Activity: 2296
Merit: 1175
While my guitar gently weeps!!!
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October 25, 2016, 03:21:51 AM |
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Not only that we all would become anonymous and evade taxes, but also poor countries will not be able to do anything because they don't have electricity or Internet. If the governments would agree with us, anonymity wouldn't be a problem right now but they don't like it. Bitcoin will never replace the money, maybe a government-created cryptocurrency that can be tracked only by them..
Government thinks what is good to their economy since that is where they are earning, and people too, as long as the government see that their people enjoy money then they won't just pull it out unless many become sick just by holding their money... There is a difference in each country's currency, therefore it needs a central management to make all the money bitcoin, which is very unlikely to happen... |
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madwica
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October 25, 2016, 03:45:15 AM |
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Bitcoin is considered as money, how would replace the money?
If you think bitcoin will replace fiat it would never happen, decentralize currency is no physical coin to spend in small store unlike fiat anywhere we can used without hassle.
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OrangeII
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October 25, 2016, 03:51:52 AM |
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Bitcoin is considered as money, how would replace the money?
If you think bitcoin will replace fiat it would never happen, decentralize currency is no physical coin to spend in small store unlike fiat anywhere we can used without hassle.
you're right, it's a bitcoin own money, so I guess that will not happen. Well, on the internet bitcoin is considered as the best currency, so if bitcoin in use in the real world, I guess it's just a form of cards, and I think it will still be in use as money or a medium of exchange |
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J Gambler
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October 25, 2016, 05:07:49 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.
It will never replace any innovation on this earth we are using money on our daily livin and it is a simple logic if you are going to replace money by bitcoin then you will not know which country it came from and there are maybe consenquences that country will face off first thing bitcoin is not usually known by other people. |
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goldcoinminer
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October 25, 2016, 05:28:27 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.
It will never replace any innovation on this earth we are using money on our daily livin and it is a simple logic if you are going to replace money by bitcoin then you will not know which country it came from and there are maybe consenquences that country will face off first thing bitcoin is not usually known by other people. We are just too ambitious to say that but in reality it will never replace money that we are using, if you believe you could try to experiment and use only bitcoin, then tell me if you could live your life comfortably with your bitcoins, it is a long time to wait and we hope for the future of bitcoin to succeed but not gonna happen to replace. |
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lootz
Legendary
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Activity: 806
Merit: 1000
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October 25, 2016, 05:35:45 AM |
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Yeah bitcoin is still not too popular in many corners of the world and people will prefer to use fiat as they are used to it and they are using it since long time.
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x4
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October 25, 2016, 06:09:09 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?
No, it will never happen, I cannot replace currency that we are using this days, because bitcoin is designed and made for digitally use, and its anonymity and if it happen its just like you destroyed bitcoin in that way. |
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