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erickkyut
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September 02, 2017, 05:07:26 AM |
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Bitcoin will never kick every other paper money out of business. Bitcoin is a digital currency while paper money have physical appearance. There are store which do not accepts Bitcoin and only paper money are accepted. Bitcoin can be the universal currency but it cannot make the paper money to get out of the monetary system.
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8270thNinja
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Activity: 210
Merit: 100
busy in real life, long post gap is understandable
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September 02, 2017, 05:12:11 AM |
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I want us to discuss on this topic. Do you see bitcoin kicking other paper money out in the nearest feature?
I will love to hear your views guys.
I don't think so, not so near, paper money will be still the basis of a local money or fiat money in each countries, maybe bitcoin will be universally used but not to extent that it will kick out paper money. |
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wurth
Sr. Member
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Activity: 331
Merit: 250
Blockchain Just Entered The Real World
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September 02, 2017, 05:24:30 AM |
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I want us to discuss on this topic. Do you see bitcoin kicking other paper money out in the nearest feature?
I will love to hear your views guys.
I don't think so, not so near, paper money will be still the basis of a local money or fiat money in each countries, maybe bitcoin will be universally used but not to extent that it will kick out paper money. Bitcoin can become to currency for using international. In future, we do not need worry about transfer money between countries and fees, there are Bitcoin help us solve this problems, it faster than other payment method today. |
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Roman Abraham
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Merit: 100
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September 02, 2017, 05:32:48 AM |
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I want us to discuss on this topic. Do you see bitcoin kicking other paper money out in the nearest feature?
I will love to hear your views guys.
I do not think so, bitcoin and fiat money have advantages and disadvantages and both are still very much we need, on the one hand people prefer bitcoin and on the other side people prefer fiat money with their own reasons. so I think it would be better if both still exist |
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8270thNinja
Full Member
Offline
Activity: 210
Merit: 100
busy in real life, long post gap is understandable
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September 04, 2017, 12:33:31 AM |
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I want us to discuss on this topic. Do you see bitcoin kicking other paper money out in the nearest feature?
I will love to hear your views guys.
I don't think so, not so near, paper money will be still the basis of a local money or fiat money in each countries, maybe bitcoin will be universally used but not to extent that it will kick out paper money. Bitcoin can become to currency for using international. In future, we do not need worry about transfer money between countries and fees, there are Bitcoin help us solve this problems, it faster than other payment method today. Can you please check the construction of your sentence, it's an eyesore. Please learn the basic construction of sentence before you post here. I get the thought of your sentence, but it's an eyesore for me specially when i try to read it, please fix your grammar. |
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Aleister Crowley
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September 04, 2017, 11:49:12 AM |
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it is no doubt that bitcoin has become one of my biggest income .. but to beat the paper money out of business seems that it can not happen ,, because the world's finances are still dominated by paper money ,, has been running very long .. hence the bitcoin also seems not to be a mecca of world currencies
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Biggapp
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September 04, 2017, 06:11:51 PM |
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it is no doubt that bitcoin has become one of my biggest income .. but to beat the paper money out of business seems that it can not happen ,, because the world's finances are still dominated by paper money ,, has been running very long .. hence the bitcoin also seems not to be a mecca of world currencies
you are right mate because everything has some value and importance so I think the paper money and the bitcoin are related to each other I mean… if a person has a lot of money but he does not have bitcoin, he can buy bitcoin with money so that he will keep it holed and will earn income with it the beating property of the bitcoin is good it can beat a lot of other currencies but paper money is using in a lot of them are so bitcoin and the paper money both are very important both has values and qualities of profit. |
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Akash1243
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September 04, 2017, 06:52:50 PM |
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Bitcoins price has risen like anything as this year it has risen from $900 to $4800 And might cross $5000 before this year ends.This price spike has attracted many new investors and users and has rise the demand of bitcoins in the market thus bitcoin has became popular and has been legalised in many countries.But bitcoins replacing paper money might be hard as each country's paper cash price depends and show a country's status and economy. Currently paper money is dominating but in future bitcoins will as the technology advances new bitcoin features might be introduce which can make bitcoins dominant the market.
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Fortress12345
Member
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Activity: 100
Merit: 10
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September 05, 2017, 11:46:52 AM |
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I want us to discuss on this topic. Do you see bitcoin kicking other paper money out in the nearest feature?
I will love to hear your views guys.
i think no, even the bitcoin is popular, it cannot kick out paper money because not all people in the world know bitcoin, so many people can't use bitcoin for payment transaction as everyday thing like going to grocery store with only small payment. so if the paper money got kicked out, what they will going to use. |
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zarados
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September 05, 2017, 12:51:22 PM |
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It's okay that bitcoin could beat the gold price, but NO with it's popularity in the whole place, and all economic class. And You ask will bitcoin kick every other paper money. I don't think so, Not even a single one. It's not easy to eliminate all kind of money in a country. there will be an economic changes which has an impact on the country's development. Probably We will not see it happen if its true will happen.
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bamboylee
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September 05, 2017, 01:34:05 PM |
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I do not think it will ever be. There are uses of paper money that bitcoin cannot cover and there are good uses of bitcoin that paper money cannot cover. They are meant to co-exist, not out-do each other.
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kucritt
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September 05, 2017, 02:34:26 PM |
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this is a question with 2 answer, YES or NO, all of the answer is not wrong, but it think no bitcoin can't change the real money or paper money, because paper money have many advantages than bitcoin, it can work 100% offline, you dont need password to save paper money(exclude back account and something like that) and in paper money we don't need transaction fee if we want to buy or sell something
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MMysterious
Sr. Member
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Activity: 972
Merit: 255
Bear season or just the beginning
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September 05, 2017, 02:43:31 PM |
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In my opinion, I don't think it will ever kick the paper money out of business because it had been established a long long time ago, it's hard to take that down. But bitcoin can be of great use in the future together with paper money, it's just that mostly people will use bitcoin in the future than paper money; I mean that's how I see it.
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haroldtee
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September 05, 2017, 02:49:10 PM |
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I want us to discuss on this topic. Do you see bitcoin kicking other paper money out in the nearest feature?
I will love to hear your views guys.
If it was an objective type question I would have selected NO. As of now, United States Dollar is considered to be the most powerful fiat currency. But has it kicked out any other currency? All currencies, including digital currencies like Bitcoins will exist, but their value will rise or go down in due time. I think your point gave the best explanation to that question. Digital currencies and fiat will keep existing but the existence of digital currencies can never be a threat to fiat. After all, it is the same fiat we are using as conversion basis. However, from your point, you said their value will either rise or go down in due time. Can you explain what you meant by the go down? |
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romecheo
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September 05, 2017, 02:57:29 PM |
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Paper money will continue to put in use for some reason and as it may co-exist with Bitcoin.
Beside, Bitcoin has a different purpose and reason for existence, not just to compete with fiat.
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Stedsm
Legendary
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Activity: 3052
Merit: 1273
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September 05, 2017, 05:37:50 PM |
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Bitcoin may kick it out but that's only possible if governments decide to accept it as a global currency. After all they may never decide to ruin things for themselves because if they do, the biggest thing they are gaining too much money through is forex and that will get rooted out. Believe it or not, but paper money and other currencies are still needed if we need fluctuations in bitcoin values.
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aeternus
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September 05, 2017, 06:29:23 PM |
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I want us to discuss on this topic. Do you see bitcoin kicking other paper money out in the nearest feature?
I will love to hear your views guys.
I do not think that bitcoin is going to replace the big currencies of the world but I think there is a chance that bitcoin eats up smaller currencies, look at what is happening in Venezuela, I will not be surprised that after this regime ends that people are going to use dollars and bitcoin and to never rely on a currency printed by their government ever again. |
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albertorma
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September 05, 2017, 06:36:12 PM |
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Paper money has no future imo. It's terribly uncomfortable. However, FIAT might still be used as electronic money.
Bitcoin and FIAT might be complementary.
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aeternus
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September 07, 2017, 04:07:52 AM |
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Paper money has no future imo. It's terribly uncomfortable. However, FIAT might still be used as electronic money.
Bitcoin and FIAT might be complementary.
Paper money is losing ground that is true. but to think that it has no future when not everyone can get access to banking and other online payment systems seems to be a little bit exaggerated, paper money may disappear in developed countries but in poorer countries paper money will keep on existing. |
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RayvenPierre
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★Bitvest.io★ Play Plinko or Invest!
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September 07, 2017, 05:19:08 AM |
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Bitcoin replacing paper money is still far from being possible. Using paper money is what people are used to this days and we have to admit it not a lot of people like change so Its gonna be hard for people to accept it. And also not many people know about bitcoin or even care about it or even care about it so its still impossible at this time.
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