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Bitcoin replaces the money? Could happen?
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Topic: Bitcoin replaces the money? Could happen? (Read 85991 times)
trickyriky
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Re: Bitcoin replaces the money? Could happen?
February 19, 2016, 07:43:35 PM
#361
not while nukes and EMP threaten the very existence of the currency LOL
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treeguard
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Re: Bitcoin replaces the money? Could happen?
February 19, 2016, 09:09:05 PM
#362
naah, not right now, maybe after a few decades it will actually be possible, but not now for sure
eon89
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Re: Bitcoin replaces the money? Could happen?
February 20, 2016, 02:37:20 AM
#363
Not while people are still used to buy and sell things with/for fiat. That won't change soon.
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Re: Bitcoin replaces the money? Could happen?
February 20, 2016, 05:44:31 AM
#364
Quote from: eon89 on February 20, 2016, 02:37:20 AM
Not while people are still used to buy and sell things with/for fiat. That won't change soon.
That is true,, only few are using bitcoin to buy something, and sometimes bitcoin users still convert their coins into fiat to buy physical goods, so it is still far from happening..
Amph
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Re: Bitcoin replaces the money? Could happen?
February 20, 2016, 07:29:30 AM
#365
like i've said in another thread, if bitcoin reach a great position in adoption, it may kill some fiat in world, not the strongest one like usd or euro
but there will be a possibility of some poor country to join bitcoin as their primarely currency, this happened with the usd too...
arbitrage
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Re: Bitcoin replaces the money? Could happen?
February 20, 2016, 10:16:03 AM
#366
Bitcoin won't be legally promoted as killer of fiat but will be massively used on internet.
Price of btc will also follow this sweet craziness.
But expect harsh and strict regulations soon as you feel this power from btc!
ampere
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Re: Bitcoin replaces the money? Could happen?
February 20, 2016, 12:49:56 PM
#367
Quote from: togesix on February 20, 2016, 11:37:51 AM
This is possbile maybe not replaces usd or euro but replace fiat money on third world its possible.
Still many poor country in this world there are many on the continent of Asia or Africa and not all of them know bitcoin.
That's true hardly anyone have heard about bitcoins, and it is very difficult to explain them about bitcoins, as they hesitate in investing into something they are really not aware about.
trickyriky
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Re: Bitcoin replaces the money? Could happen?
February 20, 2016, 01:20:39 PM
#368
Quote from: ampere on February 20, 2016, 12:49:56 PM
Quote from: togesix on February 20, 2016, 11:37:51 AM
This is possbile maybe not replaces usd or euro but replace fiat money on third world its possible.
Still many poor country in this world there are many on the continent of Asia or Africa and not all of them know bitcoin.
That's true hardly anyone have heard about bitcoins, and it is very difficult to explain them about bitcoins, as they hesitate in investing into something they are really not aware about.
as long as bitcoin is Dependant on externally controlled resources, you know like electricity and the internet, bitcoin will remain the currency of us 0.5% ers, predicting anything other than the end of bitcoin is pretty delusional in my eyes, the mass's will not put their wealth into something they have no control over, especially with talk of throwing nukes around which will cause EMP destroying bitcoin in its entirety along with the electricity grids, please stop attempting to push agenda 21, bitcoin is never going to become a global currency, NEVER deal with it guberment retards!!!!
Nemesis099
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Re: Bitcoin replaces the money? Could happen?
February 20, 2016, 01:57:10 PM
#369
Its difficult to assume that bitcoin can replace money in future unless we can buy anything that we want directly by using bitcoin as a currency or a payment method.
BeGoods
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Re: Bitcoin replaces the money? Could happen?
February 20, 2016, 02:20:53 PM
#370
Quote from: rickbig41 on February 20, 2016, 05:44:31 AM
Quote from: eon89 on February 20, 2016, 02:37:20 AM
Not while people are still used to buy and sell things with/for fiat. That won't change soon.
That is true,, only few are using bitcoin to buy something, and sometimes bitcoin users still convert their coins into fiat to buy physical goods, so it is still far from happening..
it was due to the adoption of a community that is slow, if we can accelerate the adoption of those. by spreading bitcoin,. of course we can change quickly. may only require a few decades alone
trickyriky
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Re: Bitcoin replaces the money? Could happen?
February 20, 2016, 02:34:24 PM
#371
Quote from: BeGoods on February 20, 2016, 02:20:53 PM
Quote from: rickbig41 on February 20, 2016, 05:44:31 AM
Quote from: eon89 on February 20, 2016, 02:37:20 AM
Not while people are still used to buy and sell things with/for fiat. That won't change soon.
That is true,, only few are using bitcoin to buy something, and sometimes bitcoin users still convert their coins into fiat to buy physical goods, so it is still far from happening..
it was due to the adoption of a community that is slow, if we can accelerate the adoption of those. by spreading bitcoin,. of course we can change quickly. may only require a few decades alone
dont waste your time bitcoin has been built to fail, more adoption = bigger blockchain and more transactions which will cripple the tech, stop pushing for the unachievable, and make the most of our hobby while we still can
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Re: Bitcoin replaces the money? Could happen?
February 20, 2016, 03:33:00 PM
#372
Quote from: Nemesis099 on February 20, 2016, 01:57:10 PM
Its difficult to assume that bitcoin can replace money in future unless we can buy anything that we want directly by using bitcoin as a currency or a payment method.
you're right, it's very difficult, because bitcoin is not yet known by all people in the world, especially those who rarely play on the internet, usually it is people who are busy with work, so it is very difficult to replace the current dollar bitcoin
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pneumatic5
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Re: Bitcoin replaces the money? Could happen?
February 20, 2016, 10:22:34 PM
#373
Quote from: Farma on February 20, 2016, 03:33:00 PM
Quote from: Nemesis099 on February 20, 2016, 01:57:10 PM
Its difficult to assume that bitcoin can replace money in future unless we can buy anything that we want directly by using bitcoin as a currency or a payment method.
you're right, it's very difficult, because bitcoin is not yet known by all people in the world, especially those who rarely play on the internet, usually it is people who are busy with work, so it is very difficult to replace the current dollar bitcoin
Yeah and the major problem that we are facing is people don't show initiative in learning something new if we introduce to them, as they are busy with their schedule so they just simply ignore us.
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fruitcommander
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Re: Bitcoin replaces the money? Could happen?
February 20, 2016, 11:10:41 PM
#374
Quote from: pneumatic5 on February 20, 2016, 10:22:34 PM
Quote from: Farma on February 20, 2016, 03:33:00 PM
Quote from: Nemesis099 on February 20, 2016, 01:57:10 PM
Its difficult to assume that bitcoin can replace money in future unless we can buy anything that we want directly by using bitcoin as a currency or a payment method.
you're right, it's very difficult, because bitcoin is not yet known by all people in the world, especially those who rarely play on the internet, usually it is people who are busy with work, so it is very difficult to replace the current dollar bitcoin
Yeah and the major problem that we are facing is people don't show initiative in learning something new if we introduce to them, as they are busy with their schedule so they just simply ignore us.
Yeah, but bitcoin can replace money in future, if bitcoin gets on mainstream then nothing can stop it, it have a tendency to replace money, the only thing we need is a support from the people across the globe.
BitsandBites
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Re: Bitcoin replaces the money? Could happen?
February 21, 2016, 09:02:38 AM
#375
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.
Mr. Big
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Re: Bitcoin replaces the money? Could happen?
February 22, 2016, 03:40:27 AM
#376
Quote from: BitsandBites on February 21, 2016, 09:02:38 AM
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.
yeah, really not that fast, as it is still needs to be widespread in every community... I am thinking of the movie "in time" when fiat has end its era..
Alvin Fahriza
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Re: Bitcoin replaces the money? Could happen?
February 22, 2016, 06:01:12 AM
#377
Quote from: BitsandBites on February 21, 2016, 09:02:38 AM
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
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ampere
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Re: Bitcoin replaces the money? Could happen?
February 25, 2016, 04:06:59 PM
#378
Quote from: Alvin Fahriza on February 22, 2016, 06:01:12 AM
Quote from: BitsandBites on February 21, 2016, 09:02:38 AM
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.
OrangeII
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Re: Bitcoin replaces the money? Could happen?
February 25, 2016, 04:42:50 PM
#379
Quote from: ampere on February 25, 2016, 04:06:59 PM
Quote from: Alvin Fahriza on February 22, 2016, 06:01:12 AM
Quote from: BitsandBites on February 21, 2016, 09:02:38 AM
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
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Nemesis099
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Re: Bitcoin replaces the money? Could happen?
February 25, 2016, 04:45:36 PM
#380
Quote from: OrangeII on February 25, 2016, 04:42:50 PM
Quote from: ampere on February 25, 2016, 04:06:59 PM
Quote from: Alvin Fahriza on February 22, 2016, 06:01:12 AM
Quote from: BitsandBites on February 21, 2016, 09:02:38 AM
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.
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