ViralSteve
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Activity: 35
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February 10, 2016, 04:13:26 PM |
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Not Bitcoin, but something backed by blockchain technology
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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KiwiParty
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Activity: 70
Merit: 10
★YoBit.Net★ 350+ Coins Exchange & Dice
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February 10, 2016, 04:57:32 PM |
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Not Bitcoin, but something backed by blockchain technology
Even not Blockchain technology. As it is too expensive, too much hunger for ressources. Most likely, online banking will be revamped, allowing micro transactions as well. The www definitely is in dire need for micro payment, as it gives some control, in order to raise quality over quantity regarding user created content. BTC has been a nice draft, a glance into cryptography, but not more. Cryptography itself is indispensable for any online transaction. |
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lexuz
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February 10, 2016, 04:58:37 PM |
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I think it could happen but not soon.
It will take some time till the bitcoin can even do it.
Maybe in about 10 years it will replace it if the banks let it.
even though in 10 years again bitcoin never replaces money, it couldn't happen! we need think how can bank allow bitcoin replaces money and it will be problem with goverments |
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trickyriky
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February 10, 2016, 05:02:22 PM |
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I think it could happen but not soon.
It will take some time till the bitcoin can even do it.
Maybe in about 10 years it will replace it if the banks let it.
even though in 10 years again bitcoin never replaces money, it couldn't happen! we need think how can bank allow bitcoin replaces money and it will be problem with goverments the problem is electricity and internet access, as long as those are controlled by corporations, the mass's will not invest in bitcoin, thank the lord  for the powers that once were, if you want crypto replacing fiat, you have to give us free electricity and free open source internet access, and even then you will struggle, as nobody trusts the powers that once were no more, only the brainless parishioners of the church of guberment, and those numbers are dwindling  |
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n0ne
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February 10, 2016, 08:24:28 PM |
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I think it could happen but not soon.
It will take some time till the bitcoin can even do it.
Maybe in about 10 years it will replace it if the banks let it.
even though in 10 years again bitcoin never replaces money, it couldn't happen! we need think how can bank allow bitcoin replaces money and it will be problem with goverments Exactly Governments will never support bitcoins and they never want that any crypto should replace the paper money as Governments holds control over the paper money, and if bitcoin gets on mainstream then they cannot control it. |
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romero121
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Activity: 3164
Merit: 1213
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February 10, 2016, 10:28:00 PM |
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I think it could happen but not soon.
It will take some time till the bitcoin can even do it.
Maybe in about 10 years it will replace it if the banks let it.
At any situation banks won't let it to occupy the local money. bitcoin will be used by most people but it won't replace money. If such situation arises sure the government will ban use of bitcoin else will impose restrictions for use. |
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martinacar
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February 11, 2016, 05:19:05 PM |
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I think it can not happen anyway. Many people do not even know what Bitcoins and that is unfortunate.
Because I think more people should know what Bitcoins.
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nejibens
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February 11, 2016, 06:45:56 PM |
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I think it's possible and why not ? But that's still need more time and patience and need that the Bitcoin's community continue its support for Bitcoin as well
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Anddos
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February 11, 2016, 06:53:13 PM |
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So what if it does happen? Maybe we'll get lucky and banks will declare all bankruptcy.
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phreaky
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February 12, 2016, 08:38:40 AM |
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That will not happen. That is certainly not going to happen.
Because I think namely Dollar remains strong. Perhaps Bitcoin it is popular, but he does not take over.
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pneumatic5
Full Member
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Activity: 238
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
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February 12, 2016, 11:58:24 AM |
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That will not happen. That is certainly not going to happen.
Because I think namely Dollar remains strong. Perhaps Bitcoin it is popular, but he does not take over.
Agreed, dollar will always rule the world for sure, bitcoin will be more strong and popular in future but it can never replace dollar or become a primary currency, bitcoin will always be used as a secondary currency. |
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trickyriky
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February 12, 2016, 12:22:58 PM |
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That will not happen. That is certainly not going to happen.
Because I think namely Dollar remains strong. Perhaps Bitcoin it is popular, but he does not take over.
Agreed, dollar will always rule the world for sure, bitcoin will be more strong and popular in future but it can never replace dollar or become a primary currency, bitcoin will always be used as a secondary currency. surely you mean the great british pound?, as every other fiat currency is worth far less than the pound, not that the pound is worth anything at all  |
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fruitcommander
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February 12, 2016, 12:34:17 PM |
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That will not happen. That is certainly not going to happen.
Because I think namely Dollar remains strong. Perhaps Bitcoin it is popular, but he does not take over.
Agreed, dollar will always rule the world for sure, bitcoin will be more strong and popular in future but it can never replace dollar or become a primary currency, bitcoin will always be used as a secondary currency. surely you mean the great british pound?, as every other fiat currency is worth far less than the pound, not that the pound is worth anything at all What you are saying is true, but I think dollar is more popular then pound, and dollar is widely used and accepted and even when it comes to bitcoins we compare the value of btc to dollar and not to pound, and dollar is treated as a king of currency. |
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trickyriky
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February 12, 2016, 01:10:24 PM |
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That will not happen. That is certainly not going to happen.
Because I think namely Dollar remains strong. Perhaps Bitcoin it is popular, but he does not take over.
Agreed, dollar will always rule the world for sure, bitcoin will be more strong and popular in future but it can never replace dollar or become a primary currency, bitcoin will always be used as a secondary currency. surely you mean the great british pound?, as every other fiat currency is worth far less than the pound, not that the pound is worth anything at all What you are saying is true, but I think dollar is more popular then pound, and dollar is widely used and accepted and even when it comes to bitcoins we compare the value of btc to dollar and not to pound, and dollar is treated as a king of currency. maybe in your world, im english and i work off of GBP, russia now sell oil to china for yuan the petri dollar is done, the usd aint far behind, notice everything getting stupidly expensive? sorry but the dollar is a joke, and not even a funny 1 |
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masyari
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February 12, 2016, 01:47:32 PM |
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i think nope fiat and bitcoin could walk together right ?
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Dekker3D
Sr. Member
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Activity: 434
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
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February 12, 2016, 01:48:52 PM |
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More of supplement rather than replace FIAT. Bitcoin and money should go hand in hand for the future of world currency.
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iamthesky
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February 12, 2016, 02:34:49 PM |
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i think nope fiat and bitcoin could walk together right ?
That's true fiat will be used more as compared to bitcoin even in future, as majority of people are the users of fiat and they have more faith in fiat, and the main reason is they don't find many shops that accepts bitcoin as a mode of payment. |
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harizen
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Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
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February 12, 2016, 04:29:27 PM |
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i think nope fiat and bitcoin could walk together right ?
That's true fiat will be used more as compared to bitcoin even in future, as majority of people are the users of fiat and they have more faith in fiat, and the main reason is they don't find many shops that accepts bitcoin as a mode of payment. Not with faith in fiat but in some other places, even with a whole community brainstorming, it will be really hard to achieved. Bitcoin is virtual and the only way to access it is via online. How about those in rural places and away from the city. Bitcoin is made not to replace the money. |
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doctor877
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February 12, 2016, 08:12:42 PM |
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Here paper money will win the race over bitcoin, as the volume of users that uses paper money are more as compared to digital money, even today we need to convert our bitcoins to fiat currency as we cannot use bitcoins physically.
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ampere
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February 12, 2016, 10:26:12 PM |
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If every thing gets digital then bitcoin can replace money in future, but it is difficult to predict that everything is going digital especially in third world countries, they would continue to use paper money and not the digital currency.
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