Bitcoin replaces the money? Could happen?

[hermanhs09]

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.

I agree with you,i have few friends who actually are getting over-excited about bitcoin for some reason,
and they just think that it is some "magic crypto" which will erase the banks,government will pick btc as primary currency,etc.
All of that is just not possible.

[1714213304]

1714213304

[1714213304]

1714213304

[1714213304]

1714213304

[1714213304]

1714213304

[lionheart78]

I don't think bitcoin can replace money for several grounds.  One of which is the feature of Bitcoin being decentralized.  Government will not accept this kind of stuff since all they want is the control over the monetary system of its country.  Second is if ever government is into using a cryptocurrency, they will rather create their own than use Bitcoin because of the unfair advantage of the early adopter of Bitcoin.  This will threaten the country's economy because of those few who own large amount of Bitcoin.  So the government will rather create a new digital currency and adopt it that using bitcoin.

[Vhern]

It is possible to happen if the government allow it when human is more rational and logical being.
If the possibilty of it to this century is less likely to happen I suppose 2%

[agustina2]

I don't think bitcoin can replace money for several grounds.  One of which is the feature of Bitcoin being decentralized.  Government will not accept this kind of stuff since all they want is the control over the monetary system of its country.  Second is if ever government is into using a cryptocurrency, they will rather create their own than use Bitcoin because of the unfair advantage of the early adopter of Bitcoin.  This will threaten the country's economy because of those few who own large amount of Bitcoin.  So the government will rather create a new digital currency and adopt it that using bitcoin.

A good government has a good reason why they must put some laws and terms about the usage of bitcoin in their country.

It will be used as part of the main spending source of one country so if ever most of people will use bitcoin, how's now the revenue of one's country?

That's why I don't like too much adoption so that we can affect much to the minimalization of per country's income.

[fkvidar]

We very well know that we cannot use bitcoin directly anywhere to purchase physical things, we need to convert it to fiat first, same will be scenario in future as we cannot expect that each and every country will adopt bitcoin.

[155UE]

Bitcoin can not replace money because it does not have the proper backing. With money you know the federal government backs it so it will not fail unless the government fails. And by that time we will have much bigger problems than money to contend with like medical and resources that sustain us to live.

[trickshot22]

It is possible to happen if the government allow it when human is more rational and logical being.
If the possibilty of it to this century is less likely to happen I suppose 2%

of course this will happen at some point in the future because people will no longer use banks in order to avoid all the deposits they need to do in order to have their money save

[greBit]

It is possible to happen if the government allow it when human is more rational and logical being.
If the possibilty of it to this century is less likely to happen I suppose 2%

of course this will happen at some point in the future because people will no longer use banks in order to avoid all the deposits they need to do in order to have their money save

People will never stop using services from banks even if bitcoin gets on the mainstream, people will prefer to use both of them, as there are some facilities that only banks can offer.

[mobilestrike]

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. 
 

yeah, bitcoin is not for to convert in fiat, but it is a currency and came here to be used for online transactions etc, and nowadays some people are readily converting their bitcoins to fiat because they do not find any place where they can spend them , I think in the future they will get full facilities for that.

[Doamader]

There are several places to spend our bitcoins being purchasing online some products we wanna or casinos and exchanges, currently just some people exchange their bitcoins to fiat, as they wanna apply them into savings or pay some bill ahead.

[expert4knowledge]

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.

I think bitcoin neither becomes a currency and can replace money nor it can be used in a country as a currency sine it is very unstable and has n supporter.

[BitcoinPaw]

Nope, goverments of different countries will not allow to bitcoin replace their currency, but bitcoin can become better and someday big contry will accept it as legal.

[clickerz]

Nope, goverments of different countries will not allow to bitcoin replace their currency, but bitcoin can become better and someday big country will accept it as legal.

Bitcoin can be a great alternative to fiat money but to used solely bitcoin and replace the current currency I think will it not happen. Still there people who prefers their cash  than electronic money. Some are hesitant to accept or embrace the technology.

[Ryananda]

Nope, goverments of different countries will not allow to bitcoin replace their currency, but bitcoin can become better and someday big country will accept it as legal.

Bitcoin can be a great alternative to fiat money but to used solely bitcoin and replace the current currency I think will it not happen. Still there people who prefers their cash  than electronic money. Some are hesitant to accept or embrace the technology.

While there are electronic currency man still needs money for transactions directly and to meet the needs. Bitcoin could be a good trend but can not replace the money. The role of money is very important for everyone.

[elobizph]

i think it cannot happen, because bitcoins is a digital amount, while money was a daily currency needs in exchange of items, also used for payment example payment for transportation and some people had no bitcoins, in additional we need a deep learnings how to improve bitcoins to achieve it. goodluck to us.,

[Mr. Big]

i think it cannot happen, because bitcoins is a digital amount, while money was a daily currency needs in exchange of items, also used for payment example payment for transportation and some people had no bitcoins, in additional we need a deep learnings how to improve bitcoins to achieve it. goodluck to us.,

Even if bitcoin would improve and be famous, money will still be money, it is much more convenient to use money in real life.. Bitcoin is good in online use, but I don't think that it could beat money in real life use. So, I think, NO, it can't change money but could possibly be a substitute in online transaction instead of linking your cards..

[groll]

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 can of course in the future be use to purchase good and merchandise in the local market in your area. But to say that it will replace money or fiat currency it is impossible. Bitcoin relies on dollars on its value. Without dollars it has no value so we cannot just throw fiat currency away. Bitcoin will be accepted anywhere and will act as an international exchange but it can never replace money.

[vero]

i think it cannot happen, because bitcoins is a digital amount, while money was a daily currency needs in exchange of items, also used for payment example payment for transportation and some people had no bitcoins, in additional we need a deep learnings how to improve bitcoins to achieve it. goodluck to us.,

Even if bitcoin would improve and be famous, money will still be money, it is much more convenient to use money in real life.. Bitcoin is good in online use, but I don't think that it could beat money in real life use. So, I think, NO, it can't change money but could possibly be a substitute in online transaction instead of linking your cards..

exactly right, not one currency can replace fiat money even 1000 year more than now, we still use fiat money because fiat is under control by government.

[madwica]

i think it cannot happen, because bitcoins is a digital amount, while money was a daily currency needs in exchange of items, also used for payment example payment for transportation and some people had no bitcoins, in additional we need a deep learnings how to improve bitcoins to achieve it. goodluck to us.,

Even if bitcoin would improve and be famous, money will still be money, it is much more convenient to use money in real life.. Bitcoin is good in online use, but I don't think that it could beat money in real life use. So, I think, NO, it can't change money but could possibly be a substitute in online transaction instead of linking your cards..

exactly right, not one currency can replace fiat money even 1000 year more than now, we still use fiat money because fiat is under control by government.

That is true that no cryptocurrency can replaced money its because bitcoin is not a legal currency it is digital currency which we can not hold physically that money and we can not spend it for our daily needs while money are always available to spend if you have and all store accepting fiat than bitcoin as their form of payment.

[Jmild1]

i think it cannot happen, because bitcoins is a digital amount, while money was a daily currency needs in exchange of items, also used for payment example payment for transportation and some people had no bitcoins, in additional we need a deep learnings how to improve bitcoins to achieve it. goodluck to us.,

Even if bitcoin would improve and be famous, money will still be money, it is much more convenient to use money in real life.. Bitcoin is good in online use, but I don't think that it could beat money in real life use. So, I think, NO, it can't change money but could possibly be a substitute in online transaction instead of linking your cards..

exactly right, not one currency can replace fiat money even 1000 year more than now, we still use fiat money because fiat is under control by government.

That is true that no cryptocurrency can replaced money its because bitcoin is not a legal currency it is digital currency which we can not hold physically that money and we can not spend it for our daily needs while money are always available to spend if you have and all store accepting fiat than bitcoin as their form of payment.

Bitcoin is a legal currency globally. It is the countries choice if he want to restrict bitcoin or not. After all, usage of bitcoin is more convenient in first world countries since technology is widely use in their place. This is not yet advisable in third world countries.