bitbunnny
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March 21, 2016, 12:31:01 AM |
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Partialy it has already replaced the money, mostly in online transactions. But to completely replace it, I don't think this is possible for any virtual currency
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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BlockEye
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March 21, 2016, 06:53:29 AM |
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Partialy it has already replaced the money, mostly in online transactions. But to completely replace it, I don't think this is possible for any virtual currency
I agree with this. I remember a blogger who posted his travel adventure using ONLY Bitcoins so for that guy, Bitcoin already replaced fiat in his travel expenses.
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trenchflaint
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March 21, 2016, 07:26:42 AM |
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Partialy it has already replaced the money, mostly in online transactions. But to completely replace it, I don't think this is possible for any virtual currency
I agree with this. I remember a blogger who posted his travel adventure using ONLY Bitcoins so for that guy, Bitcoin already replaced fiat in his travel expenses. In the future if bitcoin can be accepted when you buy a fruit or vegetables in the market then we wont need paper money,just like using credit card to buy something in the mall.
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bitlancr
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March 21, 2016, 08:20:51 AM |
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That will not happen. Because many people want to have some normal money and they dont even know what Bitcoin is and that is the problem. Bitcoin will of course be more used in the future but that doesnt mean that it will replace money.
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23dzmaz
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March 21, 2016, 08:42:58 AM |
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That will not happen. Because many people want to have some normal money and they dont even know what Bitcoin is and that is the problem. Bitcoin will of course be more used in the future but that doesnt mean that it will replace money.
Not many people know about bitcoin and how it works. In my country only few people know about bitcoin. So if bitcoin want replaces the money, bitcoin should make a big promotion and the target is make more people want use bitcoin.
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Mr. Big
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While my guitar gently weeps!!!
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March 21, 2016, 08:47:32 AM |
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That will not happen. Because many people want to have some normal money and they dont even know what Bitcoin is and that is the problem. Bitcoin will of course be more used in the future but that doesnt mean that it will replace money.
That is right, bitcoin will be useful in the future, along with fiat.. there is no need for bitcoin to replace money as they will be both useful..Besides, bitcoin can't really replace real money..
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blackmachinegun
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March 21, 2016, 08:49:37 AM |
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I think Bitcoin is already money and full used currency like fiat and other currencies used worldwide online and offline, we can use Bitcoin to sell and buy items or exchange it into fiat easily
yeah I agree why many people call bitcoin as real money because the evidence and proof is very clear. bitcoin accepted in many countries and currency online it is a proof right ? would be awesome if bticoin be adopted by a country. is it possible ?
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kenot21
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March 21, 2016, 08:49:59 AM |
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I think it won't happen very quickly especially if the government won't like it. And not all people has a access to internet, some of those don't even have a phone or computer. I guess it will become as alternative money, maybe for gambling or buying online.
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LarryHocks
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March 21, 2016, 09:08:41 AM |
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Its possible for sure but it will take a lot of years to succeed with this so we will see, I hope it will happen. It could be happen for sure its also how the bitcoin is gonna do it on the global market if you ask me.
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Priyanshu99
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March 21, 2016, 10:21:54 AM |
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I don't think its going to happen since every government have a focus on their own currency and there is a huge difference between currency of all countries so it could not be happen however some online shopping sites can accept it as an alternative methods for paying dues
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trickyriky
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March 21, 2016, 11:50:46 AM |
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even the community are pushing crypto users away from crypto, and people think its going to go huge LMFAO grow brains and get real
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armansolis593
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March 21, 2016, 12:02:39 PM |
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even the community are pushing crypto users away from crypto, and people think its going to go huge LMFAO grow brains and get real
Obviously bitcoin cant replace the current money are using right now as it will take a huge debate with the world leaders and they wont allow that to happen.
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trickyriky
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March 21, 2016, 12:11:44 PM |
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even the community are pushing crypto users away from crypto, and people think its going to go huge LMFAO grow brains and get real
Obviously bitcoin cant replace the current money are using right now as it will take a huge debate with the world leaders and they wont allow that to happen. entire countries are disconnected mate, many many reasons crypto will never replace fiat, biggest 1 being reliance upon an internet connection and electricity supply, and the globes at war with talk of lobbing nukes around, if you ask me is a very dangerous time to have any amount of funds tied up in something which could be destroyed by EMP
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fkvidar
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March 21, 2016, 12:41:41 PM |
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Bitcoin will used more in future but it cannot replace paper money, think of those people who are not aware about bitcoin and have used only fiat since their birth.
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harizen
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March 21, 2016, 03:09:28 PM |
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If bitcoin will replaces our current money system, then no more converting to fiat will happen.
No profits, no earnings.
You will now just depend on altcoin trading to make money.
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sallymeeh27
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March 21, 2016, 05:23:29 PM |
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Bitcoin will never replace the money. This will not happen because there are entire business and transaction that still depends on money. They still want a money transaction and there are some things that you cannot pay without a money..
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Blackmet
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March 21, 2016, 06:26:34 PM |
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Bitcoin will never replace the money. This will not happen because there are entire business and transaction that still depends on money. They still want a money transaction and there are some things that you cannot pay without a money..
Totally agree with you. Also bitcoin depends on fiat. And one fun thing if bitcoin will replace money, bitcoin will become money? haha
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ebookscreator
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March 21, 2016, 06:51:49 PM |
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Money or fiat cannot be replace any coin or bitcoin is just a digital currency forever and we are just using it as our money online..
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jkrules
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March 21, 2016, 06:55:12 PM |
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Money or fiat cannot be replace any coin or bitcoin is just a digital currency forever and we are just using it as our money online..
I don't think bitcoin is able to completely replace fiat. I do believe however that bitcoin can be used as an alternative payment method.
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beerlover
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March 22, 2016, 04:03:02 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. Yes all everything will done within a few years but energy is a major crises from years and will take some hard struggle for that to supply to all over the world. I think it will be impossible for bitcoin to get access to all over the world.
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