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ricardobs
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September 14, 2017, 11:19:12 AM |
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who remembers the search bar whenever they’ve got a question? By the way, this is not a topic that’s being repeated often z there are also other topics that has been repeated several times. By the way, bitcoin is never going to replace real currencies like USD and others. |
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pekingcoepo
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September 14, 2017, 11:44:26 AM |
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who remembers the search bar whenever they’ve got a question? By the way, this is not a topic that’s being repeated often z there are also other topics that has been repeated several times. By the way, bitcoin is never going to replace real currencies like USD and others. It is true that sometimes repeat the topic without them searching for it first, but more and more topics will also get more knowledge because the content of the topic will be different, Bitcoin want to replace other money, I think bitcoin can not change paper money, because BItcoin only digital money and maybe just for media exchange on the Internet. |
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Maddinson100
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September 26, 2017, 08:29:10 AM |
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Bitcoin is currently too expensive to use. You cannot do micro payments below $1, because the fees are too high. Yes, there are some people that are doing SegWit supported payments with fees below $1, but this is not the standard fees. Your third world countries will never replace their local fiat currency with some other currency, where they have to pay these high fees. < Most other currencies are much weaker than the US Dollar >
Fix this and you might see Bitcoin replacing currencies like the Zim Dollar. ^smile^
I don’t believe that bitcoin can replace any single currency of the world no matter how much the economy of the country may be down but any country will never let this happen. For a common man a 1$ bill might be a simple piece of paper with a power to purchase value equal to 1$ but for the country it is a lot more. Countries don’t look at the things like the individuals do. Currency of a country means for it as its sovereignty and its independence. |
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CroDam
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September 26, 2017, 08:31:40 AM |
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I dont think that btc can replace other forms of money complitly one day, but some kind of crypto currency will do it in future for sure.
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Black Angel
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September 26, 2017, 08:43:05 AM |
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It did not seem possible, although the use of bitcoin very massive and regular beat bitcoin transaction value of money but I'm sure bitcoin will never replace forms of money.
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carlosmg
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Activity: 40
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September 26, 2017, 08:52:35 AM |
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At some point, fiat currencies all over the world will suffer high devaluation, and we may see insane levels of instability. People will look for something better... but it will take time before they see that Bitcoin is the right way.
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diguyo
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September 26, 2017, 08:57:55 AM |
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Simply put, no and that's an emphatic no. There are plenty of reasons why, scalability, resistance to change and tech, no unified global economy and vision...all sorts, literally dozens and dozens of reasons why it can't ever be the case. At least not in any of our lifetimes, or our kids...
Bitcoin won't be that solution, it's not good enough. It is, however, a pioneer. Blockchain technology, Ethereum technology is the future - bitcoin is not. I love bitcoin, it's been kind to me, and I support what it stands for and hope for it to progress and be grow in its usage, but anyone that thinks that it can actually replace FIAT is naive.
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traderethereum
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September 27, 2017, 03:07:18 AM |
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At some point, fiat currencies all over the world will suffer high devaluation, and we may see insane levels of instability. People will look for something better... but it will take time before they see that Bitcoin is the right way.
if this is happen, many government will trying to find better way for example with bitcoin so the government can use it to replace their currency. but i don't think that fiat currencies will have the high devaluation although possibility is always there. i think if we have bad situations like world war in every place then all fiat currencies will be interrupt. |
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albert11
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September 27, 2017, 03:15:19 AM |
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It goes through many tests before becoming a substitute for our fiat moneys. We know that bitcoins are very good and can make our lives worse, but on the one hand it also has bad effects. especially if it would be a money. Because the bitcoins may fall. Of course, its value will also fall, So if you pay bitcoins and its value is $ 50. In case it falls as long as the amount you receive is also equal. How about if the 50 $ you pay is just a bet for a week? and it will be less because bitcoins crash. So it's really hard to think it's going to be our money. But let's see that we can not read the future. And only what it can do is the progress of today that can be a contribution to the future
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dart vader
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October 02, 2017, 01:34:03 PM |
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Bitcoin is a digital currency whose popularity is increasing day by day.Its skyrocketing price make it the best investment asset that provides huge profits in short period of time.It has many other features but along with that it has some disadvantages also such as it has no physical form , its price keep on fluctuating, as it is decentralized so government will not accept it as the only currency for financial transactions .So i dont think Bitcoin will replace other forms of money but it will work hand in hand with them.
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ajqjjj
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October 02, 2017, 01:46:22 PM |
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As we have seen so far Bitcoin is a form of currency that has a bright future and that's something that makes it possible for it to replace if not all at least some other type of money out there. If not replace it can at least, with proper investments and movements, take it's spot as another currency that could potentially be used in the money transactions as any other form of money.
Less possibility. Although bitcoin is becoming famous among everyone, some of the countries doesn't feel it comfortable to use bitcoins officially for all the purposes. |
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deadsilent
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October 02, 2017, 01:57:08 PM |
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Maybe. Cashless world would be cool. But there are disadvantages of cashless society. If cash reaplce by Bitcoin. I don't think Bitcoin is developed enough for replacing cash. Bitcoin only relying on technology like internet and devices in able to use or spend bitcoin. Unlike traditional money like cash. You can buy everything you want with cash. It's also the fastest way to pay. Bitcoin is fast, but that depends on the fee you put at the transaction. The faster, the more expensive. Cash also don't rely on technology like internet or any tech stuffs. But who knows what will happen in the future? Let's wait and see.
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Sithara007
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October 02, 2017, 02:01:02 PM |
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Less possibility. Although bitcoin is becoming famous among everyone, some of the countries doesn't feel it comfortable to use bitcoins officially for all the purposes.
Bitcoin is definitely becoming more famous. But the problem is that not all of this coverage is positive. There is a lot of negative coverage as well, such as its association with the ransom software (such as wannacry) and just a few days back the media went ballistic over comments by the JP Morgan CEO Jamie Dimon. Anyway, IMO any sort of media coverage is good for Bitcoin. |
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Maveth13
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October 02, 2017, 02:20:50 PM |
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Bitcoin will never replace fiat currency. Simple because a decentralized currency like bitcoin cannot work in a society run by a government. The government needs to be able to 'control and monitor' the flow of money. Yes that sucks but that's why people here use bitcoin. Despite that, bitcoin can still coexist with fiat currencies.
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BrewMaster
Legendary
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Activity: 2128
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October 02, 2017, 02:23:51 PM |
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it is a nice thought but it is unrealistic because there are a lot of forms of money and a lot of currencies belonging to different countries and different governments. these are not just going to disappear or even go down without a fight. and people are still happily using them.
bitcoin is more like an additional option.
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There is a FOMO brewing...
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senne
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October 02, 2017, 02:26:09 PM |
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Nothing is impossible, if crypto currency like Bitcoin starts outpace cash in terms of usage it is quite possible that traditional currencies might lose their value and eventually replaced by Bitcoin. But government will never want that as it will take finical control from their hands and they will try every possible method to stop it.
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Fasdartin
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October 02, 2017, 02:34:40 PM
Last edit: October 04, 2017, 12:12:22 PM by Fasdartin |
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As we have seen so far Bitcoin is a form of currency that has a bright future and that's something that makes it possible for it to replace if not all at least some other type of money out there. If not replace it can at least, with proper investments and movements, take it's spot as another currency that could potentially be used in the money transactions as any other form of money.
no one can explain or predict what might can happen to bitcoin .but if bitcoin replace other forms of money, i don't think it will be easy for the people who don't know about the bitcoin they need to adjust and they need to learn about bitcoin how to earn and used it .but i don't think it will happen because the traditional cash or country money will not dis appear until the government was have it.like in the other country their prioritize their country money that's why bitcoin can't used . |
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romeitaly
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October 02, 2017, 03:45:07 PM |
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I think replacing other currencies is not necessary because many users of bitcoin convert bitcoin to their local currencies and use them in spending it, FOR NOW. If these curent currencies we use will be removed, I think that is the time when everyone is using bitcoins and we can use it in our daily needs.
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Gerharde
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Activity: 107
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October 08, 2017, 12:49:13 PM |
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Frankly speaking it’s a possibility but still it will take a long time before it happens. For now people prefer to have cash of their local nation as a form of value since that’s how everyone got used to. But in the near future maybe it might started to replace some forms of money specially the express transfer because technology keeps evolving and the demand of having to transact faster will put the bitcoin into a good candidate.
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