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martinacar
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February 26, 2016, 08:28:49 AM |
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That will happen not so fast, I think. That will be impossible now on this time. Many people dont even know what Bitcoin is.
And I hope later that more people will know about Bitcoin and that they can use it in the future.
needs to be long enough for many people adopt bitcoin. the key is adoption Yes, if the adoption goes higher then there are chances that it can replace the money, but I don't see it happening very soon as the awareness level should also reach to a next level. but I think even if the whole world adopted a bitcoin, and used well, I guess bitcoin will not be able to replace the money that has become a culture in the world Yes and the reason is fiat is more popular and majority of population uses fiat for their basic purchases and its difficult to predict that they would be start using bitcoins in compare to fiat, difficult to believe. Of course there is a possibility but that wont happen now. Maybe after 10 years it will happen. But now around this time that it wont happen. Many people doesnt even know what Bitcoin is. And that is a problem. |
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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CryingMidget
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February 26, 2016, 08:47:19 AM |
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That will happen not so fast, I think. That will be impossible now on this time. Many people dont even know what Bitcoin is.
And I hope later that more people will know about Bitcoin and that they can use it in the future.
needs to be long enough for many people adopt bitcoin. the key is adoption Yes, if the adoption goes higher then there are chances that it can replace the money, but I don't see it happening very soon as the awareness level should also reach to a next level. but I think even if the whole world adopted a bitcoin, and used well, I guess bitcoin will not be able to replace the money that has become a culture in the world There is possiblity to replace the fiat money and bitcoin also have that much potential. But it will happen after 30 years according to my speculation Sure bitcoin is the next money which can able to replace the usd's place. |
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phreaky
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February 26, 2016, 08:56:11 AM |
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Bitcoin could replace the money but its from now real far a way if you ask me, due to the reason the bitcoin has to get a lot bigger if this would happen.
I think with the future of the bitcoin is possible but it will take a couple of years maybe even more something near the 10 years.
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pocarime32
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February 26, 2016, 01:56:36 PM |
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Yes, Bitcoin could happen replaced the money. Especially if a company start make the physical of bitcoin and make them like real money, i'm sure more people will using bitcoin if that happened.
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trickyriky
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February 26, 2016, 02:21:50 PM |
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Yes, Bitcoin could happen replaced the money. Especially if a company start make the physical of bitcoin and make them like real money, i'm sure more people will using bitcoin if that happened.
how? not even 0.5% of the global populous know and use bitcoin or alts, the facts the tech NEEDS internet connectivity and electricity automatically tells us this will not get mass adoption, please stop deluding yourselves, the tech has been built to fail as explained a number of times :/ |
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harizen
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February 26, 2016, 03:31:41 PM |
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Yes, Bitcoin could happen replaced the money. Especially if a company start make the physical of bitcoin and make them like real money, i'm sure more people will using bitcoin if that happened.
If that happened there will no bitcoin to fiat exchanges. Say goodbye to your $1000 , $2000 expected price per single coins since it has no exchanges now. Rather than hoping for a replacement thing, let's just bitcoin today and just increased it's value in terms of fiat exchange. |
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CryingMidget
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February 26, 2016, 04:08:03 PM |
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Yes, Bitcoin could happen replaced the money. Especially if a company start make the physical of bitcoin and make them like real money, i'm sure more people will using bitcoin if that happened.
If bitcoin replaces fiat means that really happy news for me. We can good profit from bitcoin instead of buying and selling. Even every person adopt bitcoin in their physical business. Then price also will growing high, happy with bitcoin guys. |
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Bitcoinbro
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February 26, 2016, 08:46:56 PM |
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Yes, Bitcoin could happen replaced the money. Especially if a company start make the physical of bitcoin and make them like real money, i'm sure more people will using bitcoin if that happened.
If bitcoin replaces fiat means that really happy news for me. We can good profit from bitcoin instead of buying and selling. Even every person adopt bitcoin in their physical business. Then price also will growing high, happy with bitcoin guys. It can happen. People need some normal money too. And of course Bitcoin is becoming now more popular these days. But it wont replace it. Because many people doesnt even know what Bitcoin is and that is the problem mate. |
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CryptoBjorn
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February 26, 2016, 10:09:02 PM |
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That will happen not so fast, I think. That will be impossible now on this time. Many people dont even know what Bitcoin is.
And I hope later that more people will know about Bitcoin and that they can use it in the future.
I also do not see this happen at all its just to much because the bitcoin is very dependent on the dollar these days so I think this is not gonna happen. Also the point is that banks and other people/company's will not let this happen the dollar is already to big, a lot of people around the globe are depending on it. |
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kartaggen
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February 27, 2016, 10:19:43 AM |
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That will happen not so fast, I think. That will be impossible now on this time. Many people dont even know what Bitcoin is.
And I hope later that more people will know about Bitcoin and that they can use it in the future.
I also do not see this happen at all its just to much because the bitcoin is very dependent on the dollar these days so I think this is not gonna happen. Also the point is that banks and other people/company's will not let this happen the dollar is already to big, a lot of people around the globe are depending on it. Yeah, in future more people would start using bitcoin as a currency but that would be their secondary option, the primary option would be to use dollars for making purchases. |
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kacak41
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February 27, 2016, 11:36:21 AM |
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That will happen not so fast, I think. That will be impossible now on this time. Many people dont even know what Bitcoin is.
And I hope later that more people will know about Bitcoin and that they can use it in the future.
I also do not see this happen at all its just to much because the bitcoin is very dependent on the dollar these days so I think this is not gonna happen. Also the point is that banks and other people/company's will not let this happen the dollar is already to big, a lot of people around the globe are depending on it. Yeah, in future more people would start using bitcoin as a currency but that would be their secondary option, the primary option would be to use dollars for making purchases. I think bitcoin will be more powerful in future, but it cannot replace paper money as the paper money is widely used and accepted but many will face a good competition from bitcoins in future. |
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nejibens
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February 27, 2016, 02:14:54 PM |
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I think Bitcoin is already money, but if you mean if Bitcoin will replace fiat that's not impossible but need timing and more support for this crypto currency
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Hellacopter
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February 27, 2016, 02:37:05 PM |
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I think Bitcoin is already money, but if you mean if Bitcoin will replace fiat that's not impossible but need timing and more support for this crypto currency
Yes i think he mean fiat , and i don't know if Bitcoin will be able to replace fiat in our nearest future, but i am sure Bitcoin is growing up daily and reaching a high level of success till now |
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trickyriky
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February 27, 2016, 02:40:47 PM |
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I think Bitcoin is already money, but if you mean if Bitcoin will replace fiat that's not impossible but need timing and more support for this crypto currency
Yes i think he mean fiat , and i don't know if Bitcoin will be able to replace fiat in our nearest future, but i am sure Bitcoin is growing up daily and reaching a high level of success till now please stop living in cloud cuckoo land, half the globe do not have internet connectivity....... crypto has been built to fail, a couple of nukes worth of EMP and ALL OUR cryptos are dead, make the most of our hobby while we still can, but please give up the dumb retarded pipe dreams!!!! |
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poptok1
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February 27, 2016, 02:43:31 PM |
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I dont think it will replace fiat.
Theres simply not enough BTC for every one.
It has a weak point wich is electricity. No power no BTC.
It will become (is)a form of electronic gold for investments etc...
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BitsandBites
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February 27, 2016, 03:07:40 PM |
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I dont think it will replace fiat.
Theres simply not enough BTC for every one.
It has a weak point wich is electricity. No power no BTC.
It will become (is)a form of electronic gold for investments etc...
Agreed. There isn't enough bitcoin for everyone, unless they make more, it can't support the whole world. Electricity is also a disadvantage that won't make bitcoin the supreme currency. |
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bitbunnny
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February 27, 2016, 03:18:48 PM |
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It can't replace fiat because the amount of BTC is limited. And the fiat can't just vanish from the world economy so easily.
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OrangeII
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February 27, 2016, 04:10:11 PM |
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It can't replace fiat because the amount of BTC is limited. And the fiat can't just vanish from the world economy so easily.
you're right, it will not happen because it will very much affect the current economy, but it also, if bitcoin replace the money, then all prices in the calculation must be returned and in balance with the value of bitcoin. it would have spent a lot of time that could be used for something more useful |
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praprata
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February 27, 2016, 05:02:15 PM |
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Fiat is important for our daily expenses. No virtual currency will be able to replace that.
Not now and not in the future. But that is not something bad t.b.h.
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RealPhotoshoper
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Activity: 1050
Merit: 1001
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March 19, 2016, 07:21:11 PM |
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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?
i will not believe if bitcoin could replace money,even it happen,i'm sure we all on this forum was not exist,need more than 50 year for bitcoin to really replaces money. |
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