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LewiesMan
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December 17, 2014, 01:45:55 PM |
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Cause it's better, simpler and you control your funds! No one can touch your money!
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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Biitcoin
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December 17, 2014, 01:59:25 PM |
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Everyone have the right to give his opinion.
Well mine is that Bitcoin will never ever replace the real FIAT . Fiat exists from thousands and it won't just simply get abandonned . not that easy at least
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Daanie
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December 17, 2014, 02:05:03 PM |
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Gold won't replace fiat, not sure if Bitcoin will either. Bitcoin will increase its popularity over time but too many people are buying bitcoin because they believe it'll make them rich someday and that's the difference between fiat and Bitcoin. Fiat is meant to spend it and only a small percentage of bitcoin users will spend their bitcoin (now and in future).
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Rassah
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Activity: 1680
Merit: 1035
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December 18, 2014, 04:02:54 AM |
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the US is one of the largest holders of Bitcoin.
Not any more. BOTH of the seizures have been auctioned off now. With regards to bitcoin replacing fiat, you all should read this http://nakamotoinstitute.org/mempool/speculative-attack/ |
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crazy-pilot
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December 18, 2014, 04:29:11 AM |
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I had this thought that fiat could be backed by bitcoin much like the gold standard era. I don't see the Fed backing out without a fight.
I agree. Also, the US is one of the largest holders of Bitcoin. A couple more seizures and they could really wield some power and set exchange rates for quite a while. The government has been somewhat aggressive in selling the bitcoin they have in it's possession (by selling in large blocks via auction). As a result of them selling ~2/3's of what it seized from silk road (and ross) it is no longer the largest holder |
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keithers
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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December 22, 2014, 11:15:36 PM |
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Cause it's better, simpler and you control your funds! No one can touch your money!
This is pretty much in a nutshell one of the primary reasons governments won't allow Bitcoin to replace fiat...even if adoption reaches a grand scale. |
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jonald_fyookball
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Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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December 22, 2014, 11:29:09 PM |
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I had this thought that fiat could be backed by bitcoin much like the gold standard era. I don't see the Fed backing out without a fight.
I agree. Also, the US is one of the largest holders of Bitcoin. A couple more seizures and they could really wield some power and set exchange rates for quite a while. The government has been somewhat aggressive in selling the bitcoin they have in it's possession (by selling in large blocks via auction). As a result of them selling ~2/3's of what it seized from silk road (and ross) it is no longer the largest holder Yes, it is somewhat surprising... But I think it really speaks to the compartmentalization of government... Every agency is out for themselves. If it is really true that "the banksters control the government", clearly they don't have iron grip control over everything that moves, and since very few really get to enjoy elite levels of money, status, and power, most cogs in the machine who do recognize the power of cryptocurrency are probably investors and proponents themselves. |
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bornil267645
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December 23, 2014, 02:37:28 AM |
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That's because it showed so much promise in the earlier part.
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QuestionAuthority
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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December 23, 2014, 07:07:17 AM |
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Because people are romantic notion dreamers. Why do people think that they will become millionaires if they gamble or play the lottery?
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BIT-Sharon
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December 23, 2014, 09:23:45 AM |
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I don't think it will happen and I think they are different in many ways.
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HCLivess
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Activity: 2114
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=== NODE IS OK! ==
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December 23, 2014, 11:04:54 AM |
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Because BtiCoin does not sponsor wars.
Bitcoin is frictionless, instant and global.
You dont get fucked in the ass by the government over and over with no hope of recovery.
Main reasons for me
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Daniel91
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Activity: 3374
Merit: 1824
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December 23, 2014, 11:35:08 AM |
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Because BtiCoin does not sponsor wars.
Bitcoin is frictionless, instant and global.
You dont get fucked in the ass by the government over and over with no hope of recovery.
Main reasons for me
Very good reasons, exactly my feelings about BTC. Also, BTC gives you the possibility of financial freedom (specially if you are early adopter) what is really important for me. I hope to get rid of my bank soon  |
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arieq
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December 23, 2014, 11:50:08 AM |
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Everyone have the right to give his opinion.
Well mine is that Bitcoin will never ever replace the real FIAT . Fiat exists from thousands and it won't just simply get abandonned . not that easy at least
Agreed, bitcoin is not a fiat currency issued and controlled by states. It is a medium of exchange based on its value as a commodity. This is the wonder of crypto-currencies, any government can get out printing money to finance its populist and totalitarian madness. |
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botany
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Activity: 1582
Merit: 1064
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December 24, 2014, 12:22:01 PM |
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I don't think it will happen and I think they are different in many ways.
Bitcoin will most probably coexist with fiat, even if it is widely successful. As long as taxes are supposed to be paid in fiat, there will be demand for fiat.  |
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Elwar
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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December 24, 2014, 12:56:31 PM |
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People still use land lines. Mobile phones did not completely replace them. There will still be the holdouts and the niches that still use fiat.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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MarketNeutral
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December 24, 2014, 02:41:28 PM |
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Bitcoin replacing fiat? Not in my life time. I instead wonder what relationship—even if it's an indirect relationship—Bitcoin will have with the various mechanisms by which governments borrow new currencies into existence by way of bond issuance and bank-lending protocols. The global bond market is enormous and is intimately linked to the forex market, which is intimately linked to the cryptocurrency market.
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faince222
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December 24, 2014, 03:13:40 PM |
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I don't think that this will happen in the next year, bitcoin actually can only process around 600.000 transaction in one day, and world transaction is more high than 600.000. There are too much things that doesn't allow bitcoin to become the world currency.
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botany
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Activity: 1582
Merit: 1064
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December 25, 2014, 12:48:01 AM |
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I don't think that this will happen in the next year, bitcoin actually can only process around 600.000 transaction in one day, and world transaction is more high than 600.000. There are too much things that doesn't allow bitcoin to become the world currency.
Next year? Nobody is thinking so short term? The question is will Bitcoin ever replace Fiat. |
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cbeast
Donator
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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December 25, 2014, 11:50:37 AM |
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Fiat money is one of the worst inventions ever, next to the laugh track. They create mindless followers needing someone to cue their herd behavior.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Rassah
Legendary
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Activity: 1680
Merit: 1035
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December 28, 2014, 02:36:23 AM |
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Cause it's better, simpler and you control your funds! No one can touch your money!
This is pretty much in a nutshell one of the primary reasons governments won't allow Bitcoin to replace fiat...even if adoption reaches a grand scale. Isn't governments us? Regarding bitcoin replacing fiat, this should be required reading for new bitcoiners http://nakamotoinstitute.org/mempool/speculative-attack/ |
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