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Author Topic: Will Bitcoin dominate and became the primary form of money in the future?  (Read 197 times)
aardvark15
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February 26, 2018, 12:59:59 PM
 #21

as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?

I don’t think decentralized cryptocurrencies will become a primary money source but they will be a payment method as well as serve many other functions as well.

Paper money will probably be phased out but governments are going to have their own official government run digital currency as they adapt to this new environment.

Decentralized cryptocurrencies will have their place but they won’t replace government controlled money.
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February 26, 2018, 01:02:11 PM
 #22

The biggest impact of bitcoin on the existing monetary system is discipline. Now that paper money can be superimposed indefinitely, the greed for paper money will not be restricted, and the restraint of human greed will require discipline.
CASTIEL05
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February 26, 2018, 01:11:20 PM
 #23

It seems like the topic already discussed several times and I think it will be answered as not by majority of repliers.
In short, it was already known by people in this forum that it is good to have bitcoin in future and becomes our new means of exchange but until it is impossible to eliminate fiat currency in our world.

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February 26, 2018, 02:08:34 PM
 #24

as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?
This is hard to imagine mainly because the prices are not stable. Especially for low priced items, such a payment system is not practical.
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February 26, 2018, 02:15:02 PM
 #25

as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?


No, paper money is still needed almost all over the world for a very long time. Traditional markets still need real exchange tools like paper money. virtual currency will be very long to receive all levels of society. what else in life in asia. so, I do not think bitcoin can replace paper currency.

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February 26, 2018, 02:18:53 PM
 #26

Bitcoin has the power to develop so much that it will dominate and it will be an international payment method for everyone
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February 26, 2018, 02:29:24 PM
 #27

as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?


No, paper money is still needed almost all over the world for a very long time. Traditional markets still need real exchange tools like paper money. virtual currency will be very long to receive all levels of society. what else in life in asia. so, I do not think bitcoin can replace paper currency.
No country in their right mind will totally discard their national currency and choose to adopt Bitcoin as it's only form of currency even though i believe that Bitcoin will be there for a very long time, I don't believe that it will become the primary form of currency in the future.

 
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anjaydut
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February 26, 2018, 02:38:23 PM
 #28

never will, and that is impossible.
bitcoin will never replace the banknotes we currently use, because bitcoin is not effective when be used as a payment currency.
it's about the transaction fee, and the time for delivery confirmation. and 21 million bitcoins can not be shared for the whole world. impossible  Tongue lol

dhrazzen
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February 26, 2018, 02:56:28 PM
 #29

as we all know, bitcoin today was so popular and many people around the world invest and earn for it, but will these lead to became the new form of money and will our paper will be phased out?

There's a posibility that it will happen most especially lots of people know, used and invest in bitcoin. Bitcoin will replace our fiat money into digital money. Online transactions will takes place, banks will soon to closed. We can control our money through our mobiles and bitcoin will soon to be the first currency used around the world.
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February 26, 2018, 06:17:27 PM
 #30

It seems like the topic already discussed several times and I think it will be answered as not by majority of repliers.
In short, it was already known by people in this forum that it is good to have bitcoin in future and becomes our new means of exchange but until it is impossible to eliminate fiat currency in our world.
of course bitcoin has potential to  became the primary form of money in the future  because  many countries accept it  as  a transaction money it make the transactions easy and fast  and very soon it replaced the banks.
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February 26, 2018, 06:23:39 PM
 #31

That is the ideal goal, for cryptocurrency to take over or act as a fully viable alternative to regular currency.

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February 26, 2018, 06:24:06 PM
 #32

i suppose so because the technology behind it is so revolutionary and so far no one has been able to hack it , one thing is for sure miners will definitely be around because even countries that have said they will ban bitcoins have said that they are interested in looking into the blockchain technology and once you have blockchain you are gonna need the miners as both go hand in hand.

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