Bitcoin replaces the money? Could happen?

[Munna98]

I don't think so. Bitcoin will not be too popular to cross the real money. We know bitcoin is still banned in many countries. So people are not using it largely. However new people coming in bitcoin everyday, but i don't think it will cross real money.

[target]

I don't think so. Bitcoin will not be too popular to cross the real money. We know bitcoin is still banned in many countries. So people are not using it largely. However new people coming in bitcoin everyday, but i don't think it will cross real money.

if bitcoin becomes popular regular people can actually do transactions casually over the counter of some grocery stores we may never have to promote bitcoin thru signatures these gambling sites will just register to some adnetworks and display their ads there to target individuals. But then again this may happen years and year later.

[diodio5]

Nope, it should not happen to us till bitcoin is not accepted by many countries all over the world, but i hope that someday bitcoin will become a fiat.

I think it is highly unlikely if bitcoin will become a fiat currency. You can see the characteristics bitcoin is different from fiat currencies. and bitcoin are not eligible. such as open and transaparan. it may be difficult to perform tax administration. maybe its one of the reasons

[groll]

Nope, it should not happen to us till bitcoin is not accepted by many countries all over the world, but i hope that someday bitcoin will become a fiat.

I think it is highly unlikely if bitcoin will become a fiat currency. You can see the characteristics bitcoin is different from fiat currencies. and bitcoin are not eligible. such as open and transaparan. it may be difficult to perform tax administration. maybe its one of the reasons

Aside from bitcoin non taxable it is also non-declared. If bitcoin wants to replace fiat currency then there is a need to have a non-online bitcoin transaction wherein you can pass your bitcoin to another wallet without an internet for example in the middle of a jungle with no electricity. In this sense fiat currency has overpower bitcoin. That's why fiat currency cannot be replaced but instead bitcoin can represent fiat currency online.

[ebookscreator]

Nope, it should not happen to us till bitcoin is not accepted by many countries all over the world, but i hope that someday bitcoin will become a fiat.

I think it is highly unlikely if bitcoin will become a fiat currency. You can see the characteristics bitcoin is different from fiat currencies. and bitcoin are not eligible. such as open and transaparan. it may be difficult to perform tax administration. maybe its one of the reasons

Aside from bitcoin non taxable it is also non-declared. If bitcoin wants to replace fiat currency then there is a need to have a non-online bitcoin transaction wherein you can pass your bitcoin to another wallet without an internet for example in the middle of a jungle with no electricity. In this sense fiat currency has overpower bitcoin. That's why fiat currency cannot be replaced but instead bitcoin can represent fiat currency online.

Yeah right we can not consider bitcoin to use in that places which is no internet or signal for mobiles.. to send and receive bitcoin to another wallet.. If you are in that places fiat still to use as payment..

[tampazeus]

Nope, it should not happen to us till bitcoin is not accepted by many countries all over the world, but i hope that someday bitcoin will become a fiat.

I think it is highly unlikely if bitcoin will become a fiat currency. You can see the characteristics bitcoin is different from fiat currencies. and bitcoin are not eligible. such as open and transaparan. it may be difficult to perform tax administration. maybe its one of the reasons

Aside from bitcoin non taxable it is also non-declared. If bitcoin wants to replace fiat currency then there is a need to have a non-online bitcoin transaction wherein you can pass your bitcoin to another wallet without an internet for example in the middle of a jungle with no electricity. In this sense fiat currency has overpower bitcoin. That's why fiat currency cannot be replaced but instead bitcoin can represent fiat currency online.

Yeah right we can not consider bitcoin to use in that places which is no internet or signal for mobiles.. to send and receive bitcoin to another wallet.. If you are in that places fiat still to use as payment..

Yup there are still many places in the world where internet is not popular or people have issues in accessing it so they will continue to use fiat in future too.

[john2231]

Nope, it should not happen to us till bitcoin is not accepted by many countries all over the world, but i hope that someday bitcoin will become a fiat.

I think it is highly unlikely if bitcoin will become a fiat currency. You can see the characteristics bitcoin is different from fiat currencies. and bitcoin are not eligible. such as open and transaparan. it may be difficult to perform tax administration. maybe its one of the reasons

Aside from bitcoin non taxable it is also non-declared. If bitcoin wants to replace fiat currency then there is a need to have a non-online bitcoin transaction wherein you can pass your bitcoin to another wallet without an internet for example in the middle of a jungle with no electricity. In this sense fiat currency has overpower bitcoin. That's why fiat currency cannot be replaced but instead bitcoin can represent fiat currency online.

Yeah right we can not consider bitcoin to use in that places which is no internet or signal for mobiles.. to send and receive bitcoin to another wallet.. If you are in that places fiat still to use as payment..

Yup there are still many places in the world where internet is not popular or people have issues in accessing it so they will continue to use fiat in future too.

I think bitcoins devs are planning to have a offline bitcoin transaction.. because there is a tutorial here in our forum that you can transfer bitcoin offline without internet.. but the problem is i think many steps you need to do before you can receive or send bitcoin offline and they are not adopting it.. maybe in the future they will adopt it and we can use bitcoin even in offline..

[lixer]

Nope, it should not happen to us till bitcoin is not accepted by many countries all over the world, but i hope that someday bitcoin will become a fiat.

The fact that bitcoin is money means that bitcoin cannot even replace money. But if OP meant the currencies, well, it's still nearly impossible to do that since I know the government of individual countries wouldn't want that to happen.

[DeDordtenaar]

No bitcoin cannot replace the money because money is everywhere we use it everyday to buy food  and anything that we need in our daily life. So its hard to replace it. And it  could not be happen. Money is important to ppl and we can never exist if we do not have money.

If bitcoin will accepted by every store or in it is use as a direct payment method in every country then what would say ? Would it replace ? It is not impossible but it takes very long time to happen.

Even if it gets accepted everywhere in future even though fiat will not go anywhere as most of the users are comfortable with it and they will not prefer to complicate things by using bitcoin.

I think the government system will still be used people would prefer something safe. not in terms of convenience so although bitcon will be
accepted at all stores, or most stores make bitcoin as a payment option. still it would be money or major currencies are fiat

[CryingMidget]

No bitcoin cannot replace the money because money is everywhere we use it everyday to buy food  and anything that we need in our daily life. So its hard to replace it. And it  could not be happen. Money is important to ppl and we can never exist if we do not have money.

If bitcoin will accepted by every store or in it is use as a direct payment method in every country then what would say ? Would it replace ? It is not impossible but it takes very long time to happen.

Even if it gets accepted everywhere in future even though fiat will not go anywhere as most of the users are comfortable with it and they will not prefer to complicate things by using bitcoin.

I think the government system will still be used people would prefer something safe. not in terms of convenience so although bitcon will be
accepted at all stores, or most stores make bitcoin as a payment option. still it would be money or major currencies are fiat

There's no reason that bitcoin will be replaces money. because bitcoin is for internet currency and money is our real money use to buy anything. Bitcoin use only to buy for stuffs online. bitcoins has no taxes and our money if you buy anything in our country they deduct taxes. So i think it will never be happen in the future.

[BossMacko]

This is not possible because Bitcoin needs internet connection . Not everyone has  internet connection . Plus the government will not approved this because there's no tax in Bitcoin. Unless a percent of every transaction in Bitcoin will go to the government. 

[Ryananda]

No bitcoin cannot replace the money because money is everywhere we use it everyday to buy food  and anything that we need in our daily life. So its hard to replace it. And it  could not be happen. Money is important to ppl and we can never exist if we do not have money.

If bitcoin will accepted by every store or in it is use as a direct payment method in every country then what would say ? Would it replace ? It is not impossible but it takes very long time to happen.

Even if it gets accepted everywhere in future even though fiat will not go anywhere as most of the users are comfortable with it and they will not prefer to complicate things by using bitcoin.

I think the government system will still be used people would prefer something safe. not in terms of convenience so although bitcon will be
accepted at all stores, or most stores make bitcoin as a payment option. still it would be money or major currencies are fiat

True though bitcoin can later be used in reality but the money will be needed because bitcoin does not have a form that can be used as a medium of exchange. The money will be kept and will never be lost.

[potatopower]

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?

it actually can happen if most of people will use bitcoins, but also i don't think that it will happen anytime soon as it needs time for sure, for big changes like that

[PokerFace3]

Nope, it should not happen to us till bitcoin is not accepted by many countries all over the world, but i hope that someday bitcoin will become a fiat.

The possibility is noo bitcoin may become globally used but the paper money won't be replaced. It would still prevail in the areas where bitcoins can not be accessed !!! That is what I feel.

[Next BillG]

Nope, it should not happen to us till bitcoin is not accepted by many countries all over the world, but i hope that someday bitcoin will become a fiat.

The possibility is noo bitcoin may become globally used but the paper money won't be replaced. It would still prevail in the areas where bitcoins can not be accessed !!! That is what I feel.

It will take several decades for the bitcoin to be a global reserve currency. Even after that, it will not replace fiat.

[STT]

No it could happen far quicker then that, it can start tomorrow and be true by the end of the year.   I dont think it will but you underestimate the monetary velocity possible in modern economies.    We are talking years not decades though thats not unreasonable in theory I think this process began with Nixon back in the sixties and has matured plenty enough for transformation to occur now within our sight.

Im merely talking about US dollars not being a world reserve currency in the same way Sterling pound is no longer the world reserve like it was when united kingdom was the most widespread empire and most sucessful in its trading operations across a commonwealth of countries.   That is all ancient history to us now but only 100 year ago it was Sterling not dollars favoured as the main currency held worldwide due to all the possible trading and demand available.  
So can bitcoin become that standard in a similar way, I will say I dont think this occurs.    Obviously this is not an empire, has little political influence, no army whatsoever, no territory or ability to tax productive sections of a society.
   Bitcoin is a transient form of value and is most useful when facilitating global fast but secure transactions.  It might be that these will always be quite small but still this is important as almost all people are not requiring millions but perhaps it wont be a reserve as it is not going to be the backbone of a nation or have an empire like influence and inter continental transfers of wealth

[crairezx20]

Nope, it should not happen to us till bitcoin is not accepted by many countries all over the world, but i hope that someday bitcoin will become a fiat.

The possibility is noo bitcoin may become globally used but the paper money won't be replaced. It would still prevail in the areas where bitcoins can not be accessed !!! That is what I feel.

It will take several decades for the bitcoin to be a global reserve currency. Even after that, it will not replace fiat.

Even in decades we will not use bitcoin to be our legal currency..
I cant imagine that it will happen in the future..

[btlrlx29]

Bitcoin was created as an alternative to traditional money.
I can imagine the future where BTC becomes not just the most popular, but also fully accepted alternative to fiat. And yet, it will be just an alternative.

[xIIImaL]

Bitcoin was created as an alternative to traditional money.
I can imagine the future where BTC becomes not just the most popular, but also fully accepted alternative to fiat. And yet, it will be just an alternative.

To make all or most of the people accept Bitcoin it takes a long time, but I'm not sure that Bitcoin will replace the money within 10 years , because there is still a lot of Bitcoin is updated. Of course, much has changed when it happens.

[groll]

Bitcoin was created as an alternative to traditional money.
I can imagine the future where BTC becomes not just the most popular, but also fully accepted alternative to fiat. And yet, it will be just an alternative.

In line with your thoughts I am thinking that bitcoin will be the official currency and will be accepted worldwide. But it only happens online.

Bitcoin will be the official representative of dollars in the world of Virtual currency. If you have a 100 dollars in the bank  the bank will deposit or transfer bitcoins equivalent to your 100 dollars. If you transfer your bitcoins to somebody the bank will also reduce your dollars and transfer it to that someone you sent.