If Bitcoin is digital gold, what will be the digital "dollar"?

[tittensor]

Cryptos will become the doorway to a full corporate take over and rebranding of the monetary system to appease society.  The perfect plan. In 20 years time we will have a series of well established corporate currencies as they all move to the blockchain and worship them like football teams. 

No, if blockchain can replace old system payment and currency, the International Bank will creating a coin with technology from Blockchain and distributed to the global, because they need control the value and create stability. I think this is best choice for use blockchain for people all the world

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[Rahar02]

It took many centuries for the fiat to replace the gold, can we give at Btc a few years?

Agree with this one, bitcoin need more time to become more famous and used in various sectors of economics, but confirmation time maybe the main problem if we compare to cash transaction which is instant.
There is no any cryptocurrency will ever replace dollar or state as "digital dollar", as dollar already has it own digital obviously. Fiat currency has designed perfectly, it has digital form issued by banks and third party platforms, people use it everyday through credit cards or something similar.

[jayc89]

Comething like:
https://wmx.wmtransfer.com/

WMX top-up and withdrawal service

The service for storing and transferring your BITCOIN property rights is provided by the Guarantor of X-purses, INDX Transactions LTD. Terms of the service are set forth by the Guarantor in the terms and conditions (storage Agreement) accepted by users of the system upon registering their X-purses. Your BTC storage rights are verified in the form of deposits to your X-purses equivalent to the sum of WMX acceptance receipts. The exchange rate set by the Guarantor is 0.001BTC = 1 WMX.

The Guarantor will deposit the WMX to your purse after receiving six or more confirmations on the bitcoin.org P2P database verifying your transfers of BTC to the addresses provided by the Guarantor.

The Guarantor will accept any BITCOIN amounts for storage, but will deposit WMX only in amounts exceeding 0.0001 BTC.

Only BTC of the amount exceeding 1.00 WMX can be returned from the storage. For the return from storage transaction, you need to set the service fee yourself. The service fee varies depending on the current BitCoin transaction fees but not less than 0.0005 BTC and not greater than 0.010 BTC. The transaction FeeRate, which is the ratio of the transaction fee in BTC to its size in kB, directly depends on the selected commission. The higher the FeeRate, the quicker your transaction will be confirmed by the Bitcoin network. The Guarantor undertakes the responsibility to forward your transaction into the Bitcoin network with the FeeRate which is no less than the one selected by you.

but on goverment control, like gold standart Dollar but BITCOIN

I am pretty sure that's what they are working on right now since Bitcoin is getting a large number of people interested in paying for things electronically.

If Bitcoin gets up to a higher price then there would be a bunch of Government officials that will want to use that electronic payment system that Bitcoin has because they can literally build their own currency and have free virtual money that they can receive physical money from.

[kryptqnick]

I don't consider bitcoin to be digital gold, because the growth percentage of gold and bitcoin vary in a large scale. Other than that bitcoin has got various forms, whereas gold has got two forms as an investment and as a ornament.

We can say that bitcoin has similarities with gold. For example, as gold used to be the best guarantee of money, bitcoin is like a guarantee of cryptocurrencies. Another thing is that btc doesn't suffer from inflation and the same holds for gold. As for dollar, we may speak only of the past when dollar was backed up by gold. Analogically, if btc is gold than litecoin would be the dollar, because it operated on the same platform.

[HashieNewb]

It took many centuries for the fiat to replace the gold, can we give at Btc a few years?

Agree with this one, bitcoin need more time to become more famous and used in various sectors of economics, but confirmation time maybe the main problem if we compare to cash transaction which is instant.
There is no any cryptocurrency will ever replace dollar or state as "digital dollar", as dollar already has it own digital obviously. Fiat currency has designed perfectly, it has digital form issued by banks and third party platforms, people use it everyday through credit cards or something similar.

Bitcoin does not really need to be a Digital Dollar in order for it to go against the currencies that were built from the Government since there is a large quantity of people that are using it to purchase things already. The more that people use Bitcoin, the easier it gets for Bitcoin to go against regular currencies because it’s a very new product and the Government will want to begin playing with it as well.

[xbiv2]

BITCOIN classic - Gold
BITCOIN segwit - Dollar

[adzino]

Won't be talking about everything you said. Just few things that got my attention.

Bitcoin is also fairly slow and resource hungry.

You send bitcoin from one wallet to another wallet which is situated on a different part of world, it just takes less than few seconds for the receiver to receive the coins. With just few clicks, nothing could be more simpler. It's only the confirmation that takes time currently which can be avoided by paying higher fee. A solution is about to come soon!

Bitcoin also has a cap at 21MBTC.

No cap = high supply = less value.

Could it be that Bitcoin will become the equivalent of digital gold?
Everyone recognizes gold as very valuable but it's not used for everyday transactions.

Gold is used as a form of storing wealth. Bitcoin is also used by some people to store their wealth, so it can be equivalent to digital gold.

[lecongnhan123]

I'm sure there's a new thread every day asking which Alt-Coin is going to be the most profitable and what you should invest in today. That's all fine, I'm interested in that too. Today however I'd like to cast a wider net.
As a n0ob with cryptocurrencies, I'm convinced I'll make some errors and I'm sure there are things that I've misunderstood; Feel free to correct my if I mess things up.
From what I've seen, Bitcoin is without a doubt the dominant cryptocurrency out there. Bitcoin is also fairly slow and resource hungry. Bitcoin also has a cap at 21MBTC.
Could it be that Bitcoin will become the equivalent of digital gold?
Everyone recognizes gold as very valuable but it's not used for everyday transactions.
I've seen people describing LiteCoin and Etherium as digital "silver" if BTC is the digital gold.
But silver isn't used in everyday transactions either.
Is there a cryptocurrency out there that has what it takes to become the "digital dollar"? A cryptocurrency suitable for everyday transactions...
What makes it/them suitable?

IMHO the concept is a bit awkward.
The Dollar (and any other Fiat currency out there) is constantly being diluted with freshly printed Fiat, and that is the exact opposite of what we want from a cryptocurrency.
But if a currency only has a fixed amount of units, it'll be in a perpetual deflationary state, that's not necessarily a positive thing either.

So basically, "digital dollars" will be some kind of crypto currencies that are optimized for micro payments with no fees or a really small fees (just like dollars) so that I don't think there is any kind of coin like that in this moment./

[stomachgrowls]

I'm sure there's a new thread every day asking which Alt-Coin is going to be the most profitable and what you should invest in today. That's all fine, I'm interested in that too. Today however I'd like to cast a wider net.
As a n0ob with cryptocurrencies, I'm convinced I'll make some errors and I'm sure there are things that I've misunderstood; Feel free to correct my if I mess things up.
From what I've seen, Bitcoin is without a doubt the dominant cryptocurrency out there. Bitcoin is also fairly slow and resource hungry. Bitcoin also has a cap at 21MBTC.
Could it be that Bitcoin will become the equivalent of digital gold?
Everyone recognizes gold as very valuable but it's not used for everyday transactions.
I've seen people describing LiteCoin and Etherium as digital "silver" if BTC is the digital gold.
But silver isn't used in everyday transactions either.
Is there a cryptocurrency out there that has what it takes to become the "digital dollar"? A cryptocurrency suitable for everyday transactions...
What makes it/them suitable?

IMHO the concept is a bit awkward.
The Dollar (and any other Fiat currency out there) is constantly being diluted with freshly printed Fiat, and that is the exact opposite of what we want from a cryptocurrency.
But if a currency only has a fixed amount of units, it'll be in a perpetual deflationary state, that's not necessarily a positive thing either.

When do bitcoin gained the title of being a digital gold? I cant really think of that this thing can be considered knowing that gold do have somehow a strong price it not too volatile unlike on bitcoin. If we are talking about US digital dollar then the thing comes to my mind if USDT and next is DigiByte. Seeing on peoples choices here we do have different views on this one.