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Sierra82fit
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October 29, 2016, 09:14:24 PM |
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Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual. |
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lionheart78
Legendary
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Activity: 2884
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October 29, 2016, 10:23:49 PM |
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The take over of bitcoin over the fiat money will never happen. I think the highest position of bitcoin will be the alternative for fiat currency. Government will never allow anything that is not controlled or centralized. So the possibility of bitcoin to replace every nations money is next to impossible in my opinion.
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goldcoinminer
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October 30, 2016, 03:17:30 AM |
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The take over of bitcoin over the fiat money will never happen. I think the highest position of bitcoin will be the alternative for fiat currency. Government will never allow anything that is not controlled or centralized. So the possibility of bitcoin to replace every nations money is next to impossible in my opinion.
That's what I see also, it will never happen because bitcoin is just a small currency and we are just playing with the price fluctuations, we traders are making money with the nature of bitcoin and since the price is increasing now we are making profit but I am confident that it will not go to the level that it will replace money. |
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ArdiPrabowo
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October 30, 2016, 03:29:16 AM |
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Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual. goverment use curency this reason not profitable, but can use all the world accepted goverment use USD reason not about profitable but can accepted international curency pay all the world bitcoin only digital curency not accepted in real curency so very dificult is use replace real money |
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gabmen
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October 30, 2016, 04:02:53 AM |
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The take over of bitcoin over the fiat money will never happen. I think the highest position of bitcoin will be the alternative for fiat currency. Government will never allow anything that is not controlled or centralized. So the possibility of bitcoin to replace every nations money is next to impossible in my opinion.
Well we can never know dude although for now i agree with you. It would be very difficult to control bitcoin as it is online based. Also, we've become so used to using money that it would be almost impossible to have another form replace it |
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genos
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October 30, 2016, 04:04:01 AM |
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Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual. goverment use curency this reason not profitable, but can use all the world accepted goverment use USD reason not about profitable but can accepted international curency pay all the world bitcoin only digital curency not accepted in real curency so very dificult is use replace real money Believed or not fiat will replaced in the future, if fiat not replaced by bitcoin, fiat will replaced by gold. So people in the future will leave fiat becouse it is not valuable. Smart goverment will not denied bitcoin, becouse if they recognize bitcoin people in that country will know the advantage of using bitcoin. |
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serjent05
Legendary
Offline
Activity: 2828
Merit: 1253
Cashback 15%
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October 30, 2016, 06:10:59 AM |
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Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual. goverment use curency this reason not profitable, but can use all the world accepted goverment use USD reason not about profitable but can accepted international curency pay all the world bitcoin only digital curency not accepted in real curency so very dificult is use replace real money Believed or not fiat will replaced in the future, if fiat not replaced by bitcoin, fiat will replaced by gold. So people in the future will leave fiat becouse it is not valuable. Smart goverment will not denied bitcoin, becouse if they recognize bitcoin people in that country will know the advantage of using bitcoin. I think with regards to gold, it was the other way around. Gold were used as barter , trading goods with goods and gold as higher value. this happen before coins and paper money were created. When money were created gold were push back as reserve determining the power of currency in the market. |
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katiecbell
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October 30, 2016, 07:19:59 AM |
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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.
I also agree with you that I believe bitcoin will have a great future as a currency later, but I do not think that bitcoin will dominate the currency itself and replace fiat, Its imposible thing you know ? it is highly improbable fiat will continue to dominate and will never be replaced, by any other currency If for international transactions and for online businesses people started to accept only bitcoin then people in their real life will also start to use bitcoin and in this way bitcoin will take dominance over the fiat. |
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MTBTT
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October 30, 2016, 07:58:33 AM |
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Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual. I think this is not about digital or metal, but is it bitcoin can replace fiat? I think you're right that the government would never allow foreign currency to enter and replace |
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stepwilli
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October 30, 2016, 08:39:09 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.
That's correct, people find fiat convenient and easy to use and fiat is accepted everywhere and we cannot expect that poor and illiterate people will start using bitcoins as bitcoin can be complicated for them and make their spending difficult. That is true, bitcoin can be used mainly by the educated ones because of it nature and its mostly digital to which some people do not even have access to the internet to use it, but fiat can be used by any person whether educated or illiterate. |
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Ryananda (OP)
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October 30, 2016, 08:45:55 AM |
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Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual. I think this is not about digital or metal, but is it bitcoin can replace fiat? I think you're right that the government would never allow foreign currency to enter and replace Yeah right government will not allow the currency other than the currency of the country to go in and replace it. Because to be a money must have a form that can be used directly, whereas bitcoin has no form. So it is not possible to bitcoin can replace money and become currency. |
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Harlot
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October 30, 2016, 09:11:10 AM |
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Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual. I think this is not about digital or metal, but is it bitcoin can replace fiat? I think you're right that the government would never allow foreign currency to enter and replace Yeah right government will not allow the currency other than the currency of the country to go in and replace it. Because to be a money must have a form that can be used directly, whereas bitcoin has no form. So it is not possible to bitcoin can replace money and become currency. Are you serious with what you have said "because bitcoin is not profitable"? Because even if so it is not the main reason for the government to disallow Bitcoin to be the main currency. Well for me the Government won't allow something foreign/virtual to be circulated or recognized even as a kind of 2nd currency as it would be a hard task taxing it. |
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VadikZimnyayaRezina
Full Member
Offline
Activity: 490
Merit: 100
MenaPay - Crypto made easier than cash
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October 30, 2016, 09:30:32 AM |
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Bitcoin never replace fiat. The government will not allow it. It is not profitable.
I have worked for or procured bitcoin bitcoin to more coins were, in the final result of all would be invested in gold. I think that the precious metal has a constant value than what is virtual. I think this is not about digital or metal, but is it bitcoin can replace fiat? I think you're right that the government would never allow foreign currency to enter and replace Yeah right government will not allow the currency other than the currency of the country to go in and replace it. Because to be a money must have a form that can be used directly, whereas bitcoin has no form. So it is not possible to bitcoin can replace money and become currency. Are you serious with what you have said "because bitcoin is not profitable"? Because even if so it is not the main reason for the government to disallow Bitcoin to be the main currency. Well for me the Government won't allow something foreign/virtual to be circulated or recognized even as a kind of 2nd currency as it would be a hard task taxing it. In my country, too, the government will not allow that Bitcoin has taken a dominant position. He will be suppressed by the laws and taxes. The government will not allow the replacement of Fiat on cryptocurrency |
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Fatanut
Legendary
Offline
Activity: 1008
Merit: 1059
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October 30, 2016, 10:41:28 AM |
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Bitcoin never replace fiat. The government will not allow it. It is not profitable.
Bitcoin is very profitable. Take the people in this place as an example, if it's not because of bitcoin, we will all be in reddit, instagram, twitter, and facebook. Just spending time there talking to people who would never care about us. We will spend tons of time on social media sites looking for validation from other people and all those social stuffs that aren't worth it of our time. There can still be some point of views that the government can discover that would make them think that bitcoin is actually good their country's economy. But anyway, the government cannot control the growth of bitcoin day by day. If their people starts to use bitcoin, they can't just arrest them one by one. |
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Ziskinberg
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October 31, 2016, 02:41:18 AM |
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The take over of bitcoin over the fiat money will never happen. I think the highest position of bitcoin will be the alternative for fiat currency. Government will never allow anything that is not controlled or centralized. So the possibility of bitcoin to replace every nations money is next to impossible in my opinion.
im new her but bitcoinis the standard crypto currency that we use in daily basis in the cyber or even in the real world but im dont think if bitcoin replace money or real world money. First of, welcome to the community, and I hope you have a wonderful stay here (hope you got money).. Actually, what you are saying is right, even if we can use bitcoin in a daily basis with our online transaction we cannot deny the fact that it can never replace money(fiat) which was designed by the government to be the legal tender. Let's just be happy of what bitcoin has and will achieve.. |
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dunfida
Legendary
Offline
Activity: 3066
Merit: 1129
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October 31, 2016, 03:18:13 AM |
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The take over of bitcoin over the fiat money will never happen. I think the highest position of bitcoin will be the alternative for fiat currency. Government will never allow anything that is not controlled or centralized. So the possibility of bitcoin to replace every nations money is next to impossible in my opinion.
im new her but bitcoinis the standard crypto currency that we use in daily basis in the cyber or even in the real world but im dont think if bitcoin replace money or real world money. First of, welcome to the community, and I hope you have a wonderful stay here (hope you got money).. Actually, what you are saying is right, even if we can use bitcoin in a daily basis with our online transaction we cannot deny the fact that it can never replace money(fiat) which was designed by the government to be the legal tender. Let's just be happy of what bitcoin has and will achieve.. Bitcoin cant replaced fiat anytime soon because bitcoins is not legalized by the government and some of them do ban it. You are right no matter how we used bitcoin on our online transactions but still fiat would still remain and cant be replaced by any means. Bitcoin would only serve as a side currency hence its a digital currency after all. |
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Mark02
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October 31, 2016, 03:22:54 AM |
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The take over of bitcoin over the fiat money will never happen. I think the highest position of bitcoin will be the alternative for fiat currency. Government will never allow anything that is not controlled or centralized. So the possibility of bitcoin to replace every nations money is next to impossible in my opinion.
im new her but bitcoinis the standard crypto currency that we use in daily basis in the cyber or even in the real world but im dont think if bitcoin replace money or real world money. First of, welcome to the community, and I hope you have a wonderful stay here (hope you got money).. Actually, what you are saying is right, even if we can use bitcoin in a daily basis with our online transaction we cannot deny the fact that it can never replace money(fiat) which was designed by the government to be the legal tender. Let's just be happy of what bitcoin has and will achieve.. Bitcoin cant replaced fiat anytime soon because bitcoins is not legalized by the government and some of them do ban it. You are right no matter how we used bitcoin on our online transactions but still fiat would still remain and cant be replaced by any means. Bitcoin would only serve as a side currency hence its a digital currency after all. Right, even if bitcoin is very popular. It can't replace fiat because it is not that well established not like fiat which we use for a long time. Maybe most of us will prefér bitcoin but we will not set aside the fiat. I think in the future, we will use both fiat and bitcoin as our mode of payment in our transactions. |
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Schuyler
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October 31, 2016, 05:42:13 AM |
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As flawed as the fiat is, bitcoin cannot replace what it does right now. Unless governments all over adopts bitcoin, which is highly unlikely to happen. And if by a small chance that happens, bitcoin as we know it would be a totally different thing.
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arseaboy
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October 31, 2016, 06:27:19 AM |
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As flawed as the fiat is, bitcoin cannot replace what it does right now. Unless governments all over adopts bitcoin, which is highly unlikely to happen. And if by a small chance that happens, bitcoin as we know it would be a totally different thing.
Indeed mate. Bitcoin wilk stay what it is for now because it cannot replace fiat. Bitcoin should be introduce globally and all countries should agree to this. Remember that all countries will have different thoughts and insights about bitcoin and it will be a long process. |
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Mastsetad
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October 31, 2016, 08:21:37 AM |
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As flawed as the fiat is, bitcoin cannot replace what it does right now. Unless governments all over adopts bitcoin, which is highly unlikely to happen. And if by a small chance that happens, bitcoin as we know it would be a totally different thing.
Exactly, and the first thing would happen if it is adopted by a government would be the control, it is currently not in control of any authority and all of us are anonymous, but if the government of a country adopts it they would probably like to have control on the transactions or things the people doing in the country. |
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