Why don't people understand Bitcoin will end all currency?

[curt.rowland]

I don't get it?

no you sure dont!!

[LostDutchman]

It can't replace all currencies, there will always be millions of poor people with no access to computers and smart phones.

That is one of the damned good reasons!

My $.02.

[whtchocla7e]

Bitcoin is currency.
Bitcoin will eliminate all currency.
-> Bitcoin will eliminate itself.

OP think before you post..

[cshelswell]

too many scammers and no way to get them. Lot's of people have lost a lot of BTC me included. I love the concept of BTC but with no way to track and trace the scammers it does leave a bit of a sour taste!

Can you share what happened in case it helps others?


Bitcoin will never replace fiat or precious metals, however, I do see it taking a big stab at the credit card industry.  There are too many fees associated with credit and debit transactions.  I see Mom and Pop stores possibly offering Bitcoin discounts to people that choose that over credit/debit.  1 to 5% doesn't sound like that much but it adds up over time.  A great shop near me would accept Visa and Mastcard but did not take Discover.  The reason, 7% fee.  They could justify whatever MC/V was charging but couldn't do the 7% (nor would I if I owned a shop).  Bitcoin is set to change all of this.   Of course cash is still king.

I certainly can https://bitcointalk.org/index.php?topic=429864

[pening]

Bitcoin is currency.
Bitcoin will eliminate all currency.
-> Bitcoin will eliminate itself.

OP think before you post..

Thankyou... 17 hours for someone to post the obvious logic failure.

There's another failure in many responses, i wonder if anyone will spot it?