Bitcoin replaces the money? Could happen?

[choppork]

Paperless transaction is always possible. It's even better. The transactions are always accurate since all of them are in digital numbers. There's no need to count your current money because the balance is shown. Your transaction history would always be available. Most of all, there would be no tax at all. Since Bitcoin is decentralized, the government has no control of it, they can't put tax even if you're getting millions of dollars.

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[danherbias07]

Could be but it will depend on who will start it. A country have a leader and the leader will be the who still need to make the law that will pursue on just using bitcoin as a currency than paper. It will be a hard fight though. Many will be against it.

[CoinFoxs]

in present time it is not possible that bitcoin can replace fiat currency because all most all the people of the world are using fiat currency for buying and selling.

Yeah because that is about the adoption of bitcoin and we can see that people are still lack of knowledge about bitcoin. But I guess this is going to happen in the future as many people wants to have convenient transactions and doesn't want to bring cash to their wallets. And the medium for having that is by using bitcoins in the future.

But according to my bitcoin will not be able to replace the money because it was highly unlikely. Bitcoin is a digital currency, and will evolve as digital currency. To be able to make money bitcoin should be adopted by a government and should have a form that can be used directly to make it easier.

And if bitcoin gets in the hands of governments of each country then no doubt they will make it like the money we are using right now, taxes and other things would apply on bitcoins too and then there would be no use of bitcoin replacing the real money.

Yes you are right but i don't think so that bitcoin replace money because fiat is accepted everywhere in the world while bitcoin is accepted only in some stores and in some countries, even some countries have no knowledge about bitcoin. And if it will happen then it will take a very very long time.

[GermanFoobla]

Off course bitcoins cant replace the dollar how do you think they can replace the dollar i dont think that would be very good for both of the things they need to exist both.

[dunfida]

in present time it is not possible that bitcoin can replace fiat currency because all most all the people of the world are using fiat currency for buying and selling.

Yeah because that is about the adoption of bitcoin and we can see that people are still lack of knowledge about bitcoin. But I guess this is going to happen in the future as many people wants to have convenient transactions and doesn't want to bring cash to their wallets. And the medium for having that is by using bitcoins in the future.

But according to my bitcoin will not be able to replace the money because it was highly unlikely. Bitcoin is a digital currency, and will evolve as digital currency. To be able to make money bitcoin should be adopted by a government and should have a form that can be used directly to make it easier.

And if bitcoin gets in the hands of governments of each country then no doubt they will make it like the money we are using right now, taxes and other things would apply on bitcoins too and then there would be no use of bitcoin replacing the real money.

Yes you are right but i don't think so that bitcoin replace money because fiat is accepted everywhere in the world while bitcoin is accepted only in some stores and in some countries, even some countries have no knowledge about bitcoin. And if it will happen then it will take a very very long time.

Agree, its impossible for bitcoin to replace  fiat since  its dependent  to fiat regarding to its value and even how bitcoin would  be succesful in near future its impossible for it to replace fiat anytime soon. You are correct  paper currency is been used all over the world  and  bitcoin  is just some countries though.

[Johnyloco]

Paper money holds the monopoly of having maximum number of users worldwide, comparatively bitcoin is too small and even in future if bitcoin becomes more popular, paper money will still keep ruling the world.

[2double0]

Physical money is actually needed in real life because it has a fixed value as shown on it, while bitcoin is flexible and it needs fiat to be there for everyone to take the advantage of trading it. So replacing the money and eradicating it completely would leave Bitcoins either no value or will make it priceless.

[antonioa]

Paper money holds the monopoly of having maximum number of users worldwide, comparatively bitcoin is too small and even in future if bitcoin becomes more popular, paper money will still keep ruling the world.

Technology goes forward and it will be difficult to maintain their integrity in bitcoin. Paper money in this plan is much more reliable.

[krishna1]

this topic is very much similar to some thers snyway it can happen that bitcoin can replace the money and become a single worldwife currency but we need banking system in our lifes too

[naidray]

this topic is very much similar to some thers snyway it can happen that bitcoin can replace the money and become a single worldwife currency but we need banking system in our lifes too

No, there is no need of any banking system when everything will be available for bitcoin.
Just imagine you will be getting your salary in bitcoin and you will be paying your rents bitcoin payments. You will be getting your loan in bitcoin and will be paying your insurance in bitcoin. Banks will be there but they maybe dealing in bitcoins.

[crairezx20]

this topic is very much similar to some thers snyway it can happen that bitcoin can replace the money and become a single worldwife currency but we need banking system in our lifes too

For me its impossible to replace money because we already a tradition to use money instead of bitcoin.. bitcoin is just good for alternative in online.. they are expecting more about bitcoin but i am sure bitcoin will stay long..

[ultimatesky]

this topic is very much similar to some thers snyway it can happen that bitcoin can replace the money and become a single worldwife currency but we need banking system in our lifes too

For me its impossible to replace money because we already a tradition to use money instead of bitcoin.. bitcoin is just good for alternative in online.. they are expecting more about bitcoin but i am sure bitcoin will stay long..

I don't see such a thing happening. too. In a way it's what we want to see, but it makes no sense. that the whole world will pay with bitcoin. Just imagine your nana and his friend sending money by bitcoins. It's not impossible but they would not do that.

[saiha]

this topic is very much similar to some thers snyway it can happen that bitcoin can replace the money and become a single worldwife currency but we need banking system in our lifes too

For me its impossible to replace money because we already a tradition to use money instead of bitcoin.. bitcoin is just good for alternative in online.. they are expecting more about bitcoin but i am sure bitcoin will stay long..

I don't see such a thing happening. too. In a way it's what we want to see, but it makes no sense. that the whole world will pay with bitcoin. Just imagine your nana and his friend sending money by bitcoins. It's not impossible but they would not do that.

This is just possible to happen if the government of a country adopted bitcoin is going to allow this to happen. But if they are not going to allow it and sees it as a threat.

Then this adoption and replacement of fiat money is not going to happen anymore because they don't have control in bitcoin.

Because we all know that the government wants to have power and control in everything.

[funbarrel]

Off course that wont happejn do you really think that the bitcoin can replace the money how would you think that would happen if everybody has money instyead of bitcoins.

it can actually happen and it will most probably happen in the near future, we just need to wait for a while

[chaser15]

Off course that wont happejn do you really think that the bitcoin can replace the money how would you think that would happen if everybody has money instyead of bitcoins.

it can actually happen and it will most probably happen in the near future, we just need to wait for a while

Why we need to wait? Do you think all people like the idea?

And no it can't happen in the future. No way that bitcoin can support all people in the world.

[qiwoman2]

I don't know if bitcoin will ever replace fiat currencies because central banks and governments like to keep a control over people but it may become more significant and important as people wake up to the reality that fiat currency is trash at the end of the day when it keeps devaluing.

[goldcoinminer]

Off course that wont happejn do you really think that the bitcoin can replace the money how would you think that would happen if everybody has money instyead of bitcoins.

it can actually happen and it will most probably happen in the near future, we just need to wait for a while

Why we need to wait? Do you think all people like the idea?

And no it can't happen in the future. No way that bitcoin can support all people in the world.

Don't expect that all the people has the capacity to understand bitcoin and even if they understand but not on their interest to use it, you cannot force them to use, they are already satisfied with paper money so they will stick to it.

[chaser15]

Off course that wont happejn do you really think that the bitcoin can replace the money how would you think that would happen if everybody has money instyead of bitcoins.

it can actually happen and it will most probably happen in the near future, we just need to wait for a while

Why we need to wait? Do you think all people like the idea?

And no it can't happen in the future. No way that bitcoin can support all people in the world.

Don't expect that all the people has the capacity to understand bitcoin and even if they understand but not on their interest to use it, you cannot force them to use, they are already satisfied with paper money so they will stick to it.

Is this for me? Since mine is the quoted post. I don't say something like that.

Anyways, not with the satisfaction but fiat exist for many years now and it's hard for people to change their financial views. It's better to just enjoy the advantage of using bitcoin today rather to think of a replacement.

[Pursuer]

Off course that wont happejn do you really think that the bitcoin can replace the money how would you think that would happen if everybody has money instyead of bitcoins.

it can actually happen and it will most probably happen in the near future, we just need to wait for a while

Why we need to wait? Do you think all people like the idea?

And no it can't happen in the future. No way that bitcoin can support all people in the world.

Don't expect that all the people has the capacity to understand bitcoin and even if they understand but not on their interest to use it, you cannot force them to use, they are already satisfied with paper money so they will stick to it.

people don't need to understand bitcoin to be able to use it. just the same way they don't even understand what money and other money related things they are using like paypal and credit cards work.
they only need to understand the benefits of using bitcoin.

for example if sites like Amazon start accepting bitcoin everybody will start using bitcoin right away because they will be saving up on a lot of fees and in smaller transactions it is a lot helpful.

[th3nolo]

I don't think bitcoin will replace the fiat money but... in future will have more popularity and more people being attracted for cryptos because they give the oportunity to make some thing that fiat don't that why i guess bitcoin is very popular rigth now