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Author Topic: is bitcoin can be a fiat money?  (Read 2077 times)
Superbitzz
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August 05, 2016, 02:21:58 PM
 #61

yes hopefully, and that is what we are all struggling and wishing for, in present time it is very difficult because bitcoin is not using and accepting in most of the stores for shopping but we can hope that a time will come when people will be using bitcoin as fiat currency and then about all stores will be using bitcoin for buying and selling..
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krishna1
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August 12, 2016, 09:23:36 AM
 #62

Yes Bro I agree and I also Want to See that Bitcoin Will Become a Fiat Currency and but It Needs a Lot of years for Bitcoin to Become a Fiat Currency Because now Bitcoin is Not Used By Everyone........

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August 12, 2016, 11:01:14 AM
 #63

Yes Bro I agree and I also Want to See that Bitcoin Will Become a Fiat Currency and but It Needs a Lot of years for Bitcoin to Become a Fiat Currency Because now Bitcoin is Not Used By Everyone........
Bitcoins are not printed like fiat money, but instead are “mined” using computing power in a distributed global network of volunteer software developers. They are limited and only low percentage of people use bitcoin whereas fiat is used by everyone.
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August 16, 2016, 05:52:11 AM
 #64

No, Never. Fundamentally bitcoin is a crypto currency and it won’t become fiat currency. If you are asking in terms of user base and number of transactions then it might be somewhere near to fiat but it won’t replace fiat. There are plenty of people unaware of bitcoin (rather advanced technology) and they are using fiat since long time (in fact they never used anything other than fiat). No matter how much we emphasize, these people who love fiat will always stick to it and unfortunately the number is large.
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August 16, 2016, 06:36:57 AM
 #65

as you know, no countries in the world give an official regulation for bitcoin.
all the risk of taking bitcoin as transaction is personal risk to bitcoin user.
but it is a good future for us, to make a digital money for all payment and transaction.

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August 16, 2016, 08:33:35 AM
 #66

It could but not so soon.  The government would be needing to conduct many reviews and studies with this matter as to its safety and capability to reach its service to people.  I just thinking that maybe if that will happen, the government will require everyone to gain record of our btc addresses to identify every transactions.  And might as well the government will give so many rules in using bitcoins as fiat money.  Best thing is, we could pinpoint the government if there is an alteration or discrepancy with our bitcoins. Wink  They would pay us!
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August 16, 2016, 11:04:02 AM
 #67

I think its impossible to happen because you cant compare  a digital currency into a physical currency  even bitcoin has a value its impossible to be implemented as a  normal currency it would  be a long process because  there would be a lot of  screening or question if  its trying to be implemented especially to government.

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August 16, 2016, 05:55:26 PM
 #68

It is not possible if you are talking about gaining stable value just like fiat currency but if government start to support bitcoin than price may get pumped as it will increase demand. But mostly what we heard is government/banks researching on blockchain tech rather than supporting bitcoin as currency.

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August 16, 2016, 08:52:03 PM
 #69

it can be possible if bitcoin technology get more advance and each country government adopt the bitcoin in their banks and then i am sure bitcoin will be get more popular and more stronger and then bitcoin can be a fiat money i hope so .
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August 16, 2016, 11:31:01 PM
 #70

Bitcoin can be just an asset like gold, and silver, bitcoin can be the digital currencie were all people trade and use it over the next years, but countries adopt it or allow it its very hard to believe.
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August 17, 2016, 12:29:43 AM
 #71

Well it can never actually be fiat money, can it since it is electronic? There are physical bitcoins, but they are only symbolic and correspond to a bitcoin address that holds the real bitcoins.

 
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