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lexuz
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May 14, 2016, 04:27:42 PM |
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It will never happen, it is not possible practically as there are many people who are earning in paper money and also they spend with it so the users of paper money will always be there.
because we life in this world and use paper money is needed maybe one smart people can make alternative currency like satoshi nakamoto find bitcoin, but the bitcoin never can replaced paper money. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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dezoel
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Activity: 2002
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Leading Crypto Sports Betting & Casino Platform
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May 14, 2016, 05:03:18 PM |
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It will never happen, it is not possible practically as there are many people who are earning in paper money and also they spend with it so the users of paper money will always be there.
because we life in this world and use paper money is needed maybe one smart people can make alternative currency like satoshi nakamoto find bitcoin, but the bitcoin never can replaced paper money. Yes the users of paper money will always exist even in future, people will use only that currency that they feel comfortable to use. |
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Vikingr
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May 14, 2016, 11:08:09 PM |
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no it will nt happen bitcoin will survive and will flourish but will not replace other currency, but it is the chances that it will replace dollar fromonline market and become online global currency.
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peta4e
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May 14, 2016, 11:17:51 PM |
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no it will nt happen bitcoin will survive and will flourish but will not replace other currency, but it is the chances that it will replace dollar fromonline market and become online global currency.
Its not only about dollars, different countries have different currencies and each and every currency holds an identity and is representing their country and Government will never allow bitcoin to be a primary currency. |
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Hazir
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Merit: 1005
★Nitrogensports.eu★
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May 15, 2016, 12:28:56 AM |
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I am actually sure that in the future some kind of cryptocurency will replace physical money completely. But I doubt it will be bitcoin.
It most likely will be either global currency developed by some kind of global bank or national crypto currencies issued by every nation.
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Yakamoto
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Merit: 1007
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May 15, 2016, 12:36:19 AM |
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no it will nt happen bitcoin will survive and will flourish but will not replace other currency, but it is the chances that it will replace dollar fromonline market and become online global currency.
Its not only about dollars, different countries have different currencies and each and every currency holds an identity and is representing their country and Government will never allow bitcoin to be a primary currency. It's just like how governments don't allow for something like gold to be a currency; at this point it isn't worth backing a currency with it (and you can't thanks to the US) and it is easier to just print money and have investors value your currency based on whatever makes a currency in your section of the world valuable. Bitcoin will never replace fiat, and I will be infinitely surprised if it does. |
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AndySt
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Activity: 2142
Merit: 1012
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May 15, 2016, 12:40:34 AM |
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no it will nt happen bitcoin will survive and will flourish but will not replace other currency, but it is the chances that it will replace dollar fromonline market and become online global currency.
Its not only about dollars, different countries have different currencies and each and every currency holds an identity and is representing their country and Government will never allow bitcoin to be a primary currency. It's just like how governments don't allow for something like gold to be a currency; at this point it isn't worth backing a currency with it (and you can't thanks to the US) and it is easier to just print money and have investors value your currency based on whatever makes a currency in your section of the world valuable. Bitcoin will never replace fiat, and I will be infinitely surprised if it does. I also agree with this view but that's about prefer never to say never say never  Because in life may be the most incredible and fantastic scenarios. |
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Cyaren
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May 15, 2016, 12:41:31 AM |
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Definitely could happen, if someone decide to accept BTC directly as a payment, and everybody would follow suit.
But the point is, we have to wait till someone decide to do that. They have to value BTC by itself, not by the fiat price of BTC. In an economic collapse, this will definitely happen.
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senyorito123
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May 15, 2016, 12:42:44 AM |
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no it will nt happen bitcoin will survive and will flourish but will not replace other currency, but it is the chances that it will replace dollar fromonline market and become online global currency.
Its not only about dollars, different countries have different currencies and each and every currency holds an identity and is representing their country and Government will never allow bitcoin to be a primary currency. It's just like how governments don't allow for something like gold to be a currency; at this point it isn't worth backing a currency with it (and you can't thanks to the US) and it is easier to just print money and have investors value your currency based on whatever makes a currency in your section of the world valuable. Bitcoin will never replace fiat, and I will be infinitely surprised if it does. Yeah really it will not happen because government will be the no.1 critics of bitcoin if someone make push to be a real currency, government will not allowed thats e-curreny will take down their very owned currency because they have law implemented on it and it had great part of global trade economy will bitcoin still nobody and they dont bother to look at it. |
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BitcoinPaw
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May 15, 2016, 01:48:52 AM |
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I am actually sure that in the future some kind of cryptocurency will replace physical money completely. But I doubt it will be bitcoin.
It most likely will be either global currency developed by some kind of global bank or national crypto currencies issued by every nation.
I think it will never happpen cause physical money is simple and tested by time, global currency also will not be developed cause of goverments of different countries and their politics. We will know it in future anyway. |
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Enotche
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May 16, 2016, 10:12:53 AM |
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I think not replace. If we mean just Bitcoin. The number of Bitcoins is limited, and its value should be very high to grow to meet the requirements for full replacement of money.
The second point. People are reluctant to accept the new. Not all people are tech-savvy, and they do not want to learn something new, they are accustomed to use the old-fashioned conventional money.
And also here it is necessary to consider the political system of the state. Exist developed countries, also exist the developing.
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harizen
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May 16, 2016, 12:36:24 PM |
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I think not replace. If we mean just Bitcoin. The number of Bitcoins is limited, and its value should be very high to grow to meet the requirements for full replacement of money.
The second point. People are reluctant to accept the new. Not all people are tech-savvy, and they do not want to learn something new, they are accustomed to use the old-fashioned conventional money.
And also here it is necessary to consider the political system of the state. Exist developed countries, also exist the developing.
And usage of bitcoin doesn't mean a country development. It's a financial development. Also accessibility of bitcoin is limited so it's just an option and that is great since more financial option, more options to choose your comfortability. |
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somacoin
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May 16, 2016, 12:39:35 PM |
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I don't think this is ever going to happen. Governments will continue to issue fiat, maybe we'll have one fiat for the entire world some time in the future, but I believe Bitcoin will continue to serve a niche.
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dezoel
Legendary
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Activity: 2002
Merit: 1072
Leading Crypto Sports Betting & Casino Platform
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May 16, 2016, 12:57:26 PM |
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I don't think this is ever going to happen. Governments will continue to issue fiat, maybe we'll have one fiat for the entire world some time in the future, but I believe Bitcoin will continue to serve a niche.
Bitcoin will always be used as an alternate currency, even if it hits the mainstream there would be many people who will prefer to use fiat currency. |
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harizen
Legendary
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Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
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May 16, 2016, 01:02:52 PM |
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I don't think this is ever going to happen. Governments will continue to issue fiat, maybe we'll have one fiat for the entire world some time in the future, but I believe Bitcoin will continue to serve a niche.
Bitcoin will always be used as an alternate currency, even if it hits the mainstream there would be many people who will prefer to use fiat currency. Even it will become the main currency, still many people will not to always use bitcoin. Fiat currency can easily be accessed in terms of online and offline transactions unlike in bitcoin. Let's just enjoy the benefits of bitcoin rather than to think that it can replace the fiats today. |
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jamesl22
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May 16, 2016, 01:14:26 PM |
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I don't think this is ever going to happen. Governments will continue to issue fiat, maybe we'll have one fiat for the entire world some time in the future, but I believe Bitcoin will continue to serve a niche.
Bitcoin will always be used as an alternate currency, even if it hits the mainstream there would be many people who will prefer to use fiat currency. Even it will become the main currency, still many people will not to always use bitcoin. Fiat currency can easily be accessed in terms of online and offline transactions unlike in bitcoin. Let's just enjoy the benefits of bitcoin rather than to think that it can replace the fiats today. Yeah both currencies are useful, and a person will use according to his choice, as there are few things that only fiat can take care of, bitcoin is good for online transactions. |
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sk00t3r
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May 16, 2016, 11:05:51 PM |
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I don't think Bitcoin will replace "real money". But I guess that banks will make use of a blockchain system for their own purpose not too far in the future. That could even make Bitcoin obsolete at some point.
Yeah it is, but bitcoin is one of popular currency.If any of country against of bitcoin for there jealousy then probably it has to face problem, but it will not destroy because of famous currency. |
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culuuton
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May 16, 2016, 11:11:27 PM |
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I don't think Bitcoin will replace "real money". But I guess that banks will make use of a blockchain system for their own purpose not too far in the future. That could even make Bitcoin obsolete at some point.
Yeah it is, but bitcoin is one of popular currency.If any of country against of bitcoin for there jealousy then probably it has to face problem, but it will not destroy because of famous currency. Crypto Currencies will change the concept of money..if it is bitcoin or a better version of it, waits to be seen. But the democratisation of money is not a concept that will be forgotten as it offers us a perspective on our prosperity. |
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toy4lov3rs
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May 16, 2016, 11:45:44 PM |
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I don't think Bitcoin will replace "real money". But I guess that banks will make use of a blockchain system for their own purpose not too far in the future. That could even make Bitcoin obsolete at some point.
Yeah it is, but bitcoin is one of popular currency.If any of country against of bitcoin for there jealousy then probably it has to face problem, but it will not destroy because of famous currency. Crypto Currencies will change the concept of money..if it is bitcoin or a better version of it, waits to be seen. But the democratisation of money is not a concept that will be forgotten as it offers us a perspective on our prosperity. So do you think that paper money will disappear in future only because of bitcoin? And if you are thinking like that they you are wrong, that day will never come, paper money will always alive. |
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Ryananda (OP)
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May 17, 2016, 06:37:05 AM |
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I don't think Bitcoin will replace "real money". But I guess that banks will make use of a blockchain system for their own purpose not too far in the future. That could even make Bitcoin obsolete at some point.
Yeah it is, but bitcoin is one of popular currency.If any of country against of bitcoin for there jealousy then probably it has to face problem, but it will not destroy because of famous currency. Crypto Currencies will change the concept of money..if it is bitcoin or a better version of it, waits to be seen. But the democratisation of money is not a concept that will be forgotten as it offers us a perspective on our prosperity. So do you think that paper money will disappear in future only because of bitcoin? And if you are thinking like that they you are wrong, that day will never come, paper money will always alive. Yes true money will never disappear because it is needed by each country respectively. Bitcoin is not going to replace the money because it is not very likely. In fact the price of bitcoin is still influenced by the price of money. |
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