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Author Topic: Bitcoin replaces the money? Could happen?  (Read 86041 times)
MWesterweele
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June 02, 2016, 04:42:05 AM
 #761

Yes i think it can happen.Bacuse of popularity of bitcoin now a days.Many people is adopting bitcoins now and then.Bitcoin has it's potential to change the worlds currency if all shops around the world that will accept the fact that there are many bitcoin users online and they adopt bitcoin on their mode of purchases.

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wintermeasures
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June 02, 2016, 04:45:18 AM
 #762

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?

I think bitcoin will not replace the money, it's just become the second option after the money because of its simplicity. Just imagine if bitcoin will replace the country's currency, the currency of the country can be worthless and making the country lose its currency. thank you
senyorito123
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June 02, 2016, 05:05:55 AM
 #763

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?

I think bitcoin will not replace the money, it's just become the second option after the money because of its simplicity. Just imagine if bitcoin will replace the country's currency, the currency of the country can be worthless and making the country lose its currency. thank you

I agree because bitcoin is just a e currency and only be second option payment processor for users, bitcoin cannot really surpass physical money because it is strong currency that bitcoin cannot take it down bitcoin is no place iriginated and its anonymous and  by that it maybe the reason why it is not accepted in online stores.


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techgeek
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June 02, 2016, 05:11:40 AM
 #764

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?

I think bitcoin will not replace the money, it's just become the second option after the money because of its simplicity. Just imagine if bitcoin will replace the country's currency, the currency of the country can be worthless and making the country lose its currency. thank you

I agree because bitcoin is just a e currency and only be second option payment processor for users, bitcoin cannot really surpass physical money because it is strong currency that bitcoin cannot take it down bitcoin is no place iriginated and its anonymous and  by that it maybe the reason why it is not accepted in online stores.

If bitcoin ever competes with it, then it needs to match in inflation as well which would struggle.

Its more of  a secondary option to move money rather then compete with the dollar directly.

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June 04, 2016, 08:41:40 AM
 #765

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?
I think thatwould be possible on 10-20 years from now cause based on the documentary i watch about bitcoin it will continue getting up until the time that your 20000$ is good for loaf bread only and that time the bitcoin will replace the money and have the biggest value but we didn't know if that's true but for me it possible
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June 04, 2016, 02:06:36 PM
 #766

BTCitcoin is real digital currency and as a currency it should have exchange with other currency, on that cause I am not sure how ex changer company will get those Bitcoin for exchange.but it should happen   
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June 04, 2016, 02:53:44 PM
 #767

BTCitcoin is real digital currency and as a currency it should have exchange with other currency, on that cause I am not sure how ex changer company will get those Bitcoin for exchange.but it should happen   
nothing is impossible, but if bitcoin really replace money, maybe all transactions will be completely practical, maybe you're just carrying a card bitcoin in your bag to make transactions
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June 04, 2016, 03:35:06 PM
 #768

BTCitcoin is real digital currency and as a currency it should have exchange with other currency, on that cause I am not sure how ex changer company will get those Bitcoin for exchange.but it should happen   
nothing is impossible, but if bitcoin really replace money, maybe all transactions will be completely practical, maybe you're just carrying a card bitcoin in your bag to make transactions
it will not happen to replace the money, but if it is used as an alternative it is possible, because bitcoin is not in physical form. and also not everyone can do. surely ordinary people or the modern market is difficult to use bitcoin as a transaction

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June 04, 2016, 04:38:25 PM
 #769


nothing is impossible, but if bitcoin really replace money, maybe all transactions will be completely practical, maybe you're just carrying a card bitcoin in your bag to make transactions

Even you are engage in bitcoin world everyday, learn also to look outside the box.

How come bitcoin can touch those people that lives in really poor country or a place where internet can't touch.

I can't applied here the "nothing is impossible" term.

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June 04, 2016, 05:04:47 PM
 #770

Impossible to replace money by money  Grin Bitcoin is so young and people don't really trust on it, so they will use fiat currencies till bitcoin become more popular.

It is not true that people do not trust on bitcoin, every person who come to know about bitcoin start to adopt and use it for his/her purchases or any transactions etc, and I think on internet it will replace fiat.
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June 04, 2016, 05:21:45 PM
 #771


nothing is impossible, but if bitcoin really replace money, maybe all transactions will be completely practical, maybe you're just carrying a card bitcoin in your bag to make transactions

Even you are engage in bitcoin world everyday, learn also to look outside the box.

How come bitcoin can touch those people that lives in really poor country or a place where internet can't touch.

I can't applied here the "nothing is impossible" term.

yes in those places where people cannot adopt internet, bitcoin cannot reach, and even in developed countries people will like to use their country's currency to pay at local stores.
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June 04, 2016, 06:39:58 PM
 #772

As soon as bitcoins are used to price goods directly, bitcoin will be money and this will happen very soon.

Right now you can buy goods for bitcoins directly, but you have to deal with the always fluctuating exchange rates, and the prices are based on USD or equivalents. That will be replaced by a price constant in BTC soon.
Yes, one of the most important problems of expanding bitcoin is that its price is extremely unstable and change second by second.

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June 04, 2016, 06:48:27 PM
 #773

Impossible to replace money by money  Grin Bitcoin is so young and people don't really trust on it, so they will use fiat currencies till bitcoin become more popular.
Yes, bitcoin is something like gold and it cannot be used in other places and be replaced with gold.

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ning_chang
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June 05, 2016, 05:01:00 AM
 #774

Bitcoin will not ever replace the real money, Bitcoin is use as an alternative money so it means it will no replace bitcoin as well
afriezalie
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June 05, 2016, 05:29:19 AM
 #775

I think money will never be replaced by alternative payment method like bitcoin. Maybe in some places it can, but alternative payment usually need internet connection and it become useless without internet connection.
The other thing is bitcoin value. Every country has its currency which is different between one and others. If all countries adopted bitcoin as their currency, we would face the new problems.
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June 05, 2016, 05:33:29 AM
 #776

In Bitcoin has the greatest number of benefits available to the cash - anonymity, lack of control and additional fees (which, even if they are charged by some organizations, comparable in size with the bank). His problem - the lack of universal acceptance, and such, if you will, will happen soon. Another of his drawback - high volatility, so the whole paragraph "liquidity", he is out of work.

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, is no.
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June 05, 2016, 06:52:44 PM
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Country will not replace their currencies into bitcoin i think, they can add it as legal but not replace. Cause bitcoin is can't be controled, that's the main reason at my opinion.

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June 07, 2016, 07:44:19 AM
 #778

Country will not replace their currencies into bitcoin i think, they can add it as legal but not replace. Cause bitcoin is can't be controled, that's the main reason at my opinion.

I think the bitcoin will coexist with the national fiat currencies for many years. It will appreciate against the fiat.
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June 07, 2016, 07:50:36 AM
 #779

In Bitcoin has the greatest number of benefits available to the cash - anonymity, lack of control and additional fees (which, even if they are charged by some organizations, comparable in size with the bank). His problem - the lack of universal acceptance, and such, if you will, will happen soon. Another of his drawback - high volatility, so the whole paragraph "liquidity", he is out of work.

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, is no.

You can transport it and trade it physically. All that is really lacking is the ability to identify money as real money, like you can by putting a paper note up against light for instance. Maybe one could get a gadget to read public keys and verify funds in the address?
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June 07, 2016, 07:53:23 AM
 #780

Bitcoin will not ever replace the real money, Bitcoin is use as an alternative money so it means it will no replace bitcoin as well

What? Fiat should have never become money in the first place. After all, it's not a "money". It's a currency, as it is controlled by a single entity and it depreciates in value over time instead of retaining it.

While bitcoin is portable and virtual, and a lot more convenient than fiat currencies. So yes, I think bitcoin can replace fiats.
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