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July 05, 2016, 05:54:53 AM |
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You can't use them to buy actual goods from a store. If usage grows and this currency becomes a mainstay, then its value will increase. but replacing paper money is difficult.
You can fund a credit card with bitcoins fairly sure. There are many companies motivated to provide this service for people if they wish. You can actually pay all your bills with blocks of gold in the same way, you have your gold deposit saved with the credit provider who gives you the card to spend and buy your items with. Every month your bill is settled from the current price for gold or alternatively bitcoin. This isnt radical, Dollar is a digital currency already. The vast majority of currency is never seen as physical notes, its passed around as zeroes on a computer screen. You have to be dumb as bricks to do a bank robbert, the smart guys work from inside the bank and deduct even bigger amounts legally |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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Enotche
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July 05, 2016, 06:16:05 AM |
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Bitcoin or equivalent based on it, is the most likely candidate for it to eventually replace cash as a means of calculation. However, for this it is necessary to have all the fundamental features of paper money, which is now at it, objectively speaking, it is not. (The high volatility, so the whole paragraph "liquidity", he is out of work.)
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Sled
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July 05, 2016, 06:34:03 AM |
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I think it's possible that bitcoin can replace those physical currencies but i think it will not happen easily because bitcoin needs more popularity and adoption from different countries and also the governments. If that happen it will make an idea for people or government officials to talk about bitcoin for using it as a primary currency because of it's fast and secure transaction.
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romero121
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July 05, 2016, 06:42:32 AM |
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I think it's possible that bitcoin can replace those physical currencies but i think it will not happen easily because bitcoin needs more popularity and adoption from different countries and also the governments. If that happen it will make an idea for people or government officials to talk about bitcoin for using it as a primary currency because of it's fast and secure transaction.
Never possible, at any stand countries won't try to stop using their own currency and move for an alternative. Upon each countries currency value they have their own economy. Possibly bitcoin might replace all other digital currency and remains to be the only digital currency. |
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Enotche
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July 05, 2016, 08:28:36 AM |
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Before any currency - virtual or real - could be cash, it must go through several stages in its development. First step: become a means of accumulation. An even more important step - to prove that your payment instrument is able to be it means accumulation over 3-5 years. Given the fact that all of the first ways of using Bitcoin just refer to the concept of "storage means", we can confidently say that this step has been passed successfully.
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sishendaoye
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July 05, 2016, 08:59:47 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?
Bitcoin is never going to replace money because that is just not how it works, the dollar is far more powerful if you ask me. The Bitcoin has to just go and be its self and not take over anything at all. |
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hawkins
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July 05, 2016, 09:43:03 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?
Bitcoin is never going to replace money because that is just not how it works, the dollar is far more powerful if you ask me. The Bitcoin has to just go and be its self and not take over anything at all. Well, I think the dollar has been quite good in doing transactions, and all people are comfortable using it. bitcoin indeed excellent technology, however, I think that it can not replace the money, because bitcoin itself is still not stable, and not everyone knows how to use them |
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CoinFoxs
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July 05, 2016, 01:22:01 PM |
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I don't believe that bitcoin replaces money, Bitcoin is used directly in some stores but it is not used directly in the stores of other countries. It is very difficult to replace money because bitcoin now is not as much popular and accepted like other currencies. And one thing more that in all countries they have their own currency so it seems impossible, bitcoin replace other currency or money.
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mark coins
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July 05, 2016, 01:30:31 PM |
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I don't believe that bitcoin replaces money, Bitcoin is used directly in some stores but it is not used directly in the stores of other countries. It is very difficult to replace money because bitcoin now is not as much popular and accepted like other currencies. And one thing more that in all countries they have their own currency so it seems impossible, bitcoin replace other currency or money.
Yeah its difficult to imagine that bitcoin can ever replace paper money, as there are many people who have still not heard about bitcoins, and we cannot expect them to use bitcoins. |
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jak3
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July 05, 2016, 01:42:15 PM |
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i think bitcoin can replace the faint money but its actully a tricky question because it would be better if we your both as a mean of payment depending on the person's choise
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MaritiJames3
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July 05, 2016, 02:34:16 PM |
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i think bitcoin can replace the faint money but its actully a tricky question because it would be better if we your both as a mean of payment depending on the person's choise
Bitcoin is never going to replace money because the Bitcoin is not going to be able to manage that and there are many currencies so it is impossible to take over them all. Bitcoin does not need to take over them all but it should focus on online websites and stuff. |
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stromma44
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July 05, 2016, 02:48:44 PM |
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i think bitcoin can replace the faint money but its actully a tricky question because it would be better if we your both as a mean of payment depending on the person's choise
Bitcoin is never going to replace money because the Bitcoin is not going to be able to manage that and there are many currencies so it is impossible to take over them all. Bitcoin does not need to take over them all but it should focus on online websites and stuff. Exactly bitcoin is good as an digital currency but it cannot replace any physical currency in future as the user of fiat are more in compare to bitcoin and it will continue same in future too. |
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Ravion
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July 08, 2016, 02:03:52 PM |
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Bitcoin will probably be widely used as a method of payment, but it's difficult for it to replace all other forms of money that are being used. People have been using traditional forms of money for thousands of years, and they wouldn't easily put such trust in a form of money that's very new and different. Most people in the world haven't even heard of bitcoin yet.
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Doamader
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July 08, 2016, 02:30:23 PM |
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Fiat wont be replaced by bitcoin never, this isnt the question at all i believe, bitcoin will be mass adopted, atleast is the expectation around it, we will reach digital moment where bitcoin and fiat will be used to do all transactions.
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praprata
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July 12, 2016, 09:24:10 AM |
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No I do not believe that the Bitcoin is ever going to replace money because there are to many currencies for that to happen maybe Bitcoin will take over one currency from a certain country.
Even that is hard to believe that it will happen, Bitcoin has to just stay a crypto currency.
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noormcs5
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July 12, 2016, 09:59:47 AM |
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No I do not believe that the Bitcoin is ever going to replace money because there are to many currencies for that to happen maybe Bitcoin will take over one currency from a certain country.
Even that is hard to believe that it will happen, Bitcoin has to just stay a crypto currency.
Right, bitcoin never and ever need to convert into the fiat currency, because if bitcoin has a plan to convert into money in future, so why bitcoin is coming? I am 100% sure the day will never come when bitcoin will do it. |
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craked5
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July 12, 2016, 10:41:06 AM |
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I wouldn't say could, but should!
It should replace current money, because it's not controled by banks and god it's an argument good enough to keep it!
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Colt22
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July 12, 2016, 10:57:39 AM |
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I will want to know that what do you mean by replacing money by bitcoin? as bitcoin is also a form of money how can a money replace money,
I think you mean bitcoin replace fiat, if yes then I will say in the system the bitcoin has chances that it over-ride other currencies but fiat will have their own value and people will like their nations' currency.
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bitlancr
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July 13, 2016, 02:35:20 PM |
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No I do not believe that the Bitcoin is ever going to replace money because there are to many currencies for that to happen maybe Bitcoin will take over one currency from a certain country.
Even that is hard to believe that it will happen, Bitcoin has to just stay a crypto currency.
Do you really think that the Bitcoin is ever going to replace money that is not happening because Bitcoin has not even been around for that long. So may countries would not agree with that idea, Bitcoin needs to stay in it's own lane is what I think. |
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greBit
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July 13, 2016, 02:37:46 PM |
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No I do not believe that the Bitcoin is ever going to replace money because there are to many currencies for that to happen maybe Bitcoin will take over one currency from a certain country.
Even that is hard to believe that it will happen, Bitcoin has to just stay a crypto currency.
Do you really think that the Bitcoin is ever going to replace money that is not happening because Bitcoin has not even been around for that long. So may countries would not agree with that idea, Bitcoin needs to stay in it's own lane is what I think. Yeah and if bitcoin wants to replace money then it will need support from the Government which is never gonna happen, bitcoin is not that strong that it can replace any major currency. |
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