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Author Topic: Why Do People Believe Bitcoin Will Replace Fiat?  (Read 16450 times)
Wendigo
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January 21, 2015, 12:03:28 AM
 #281

Do the aliens have fiat money as well? Someone should launch a QR code beacon in space for bitcoin donations Cool
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January 21, 2015, 12:06:05 AM
 #282

Do the aliens have fiat money as well? Someone should launch a QR code beacon in space for bitcoin donations Cool

Yes! Let's send a private key with laser to the nearest solar system an see if it is claimed. Must be the best way to prove intelligent life in universe. Wink
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January 21, 2015, 02:57:44 AM
 #283

Bitcoin will not be allowed to replace fiat. Governments need to control their tax revenue.
It is for this reason that I think Bitcoin contributes to the avoidance of a cashless society.
Bitcoin doesn't have to replace anything. If it's better, then people should be able to choose.

BTC/ cryptos are nothing more than a false flag/hope with the end goal of ushering in the new world cashless order.

If they succeed, your only choice will be to OBEY lest they void your stash of crypto-fiat, and/or cut your power and /or internet connection.
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January 21, 2015, 12:17:22 PM
 #284

I tend to think they are delusional, but then I look at this:

http://www.usdebtclock.org/

and think those that are delusional and mentally insane are those that aren't investing their life savings on Bitcoin.
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January 21, 2015, 12:23:17 PM
 #285

It's possible at some extent like for people who think they can live on Bitcoins by either getting their Salary in BTC or by selling things like tangible goods or some eatables and drinkable things for BTC, but all we need for the replacement of Fiat, is wide acceptance of BTC in order for that thing to take place, so I think that at least we should not think about it for at least 20-40 years ahead, as the development itself ain't complete yet since its been 6 years, and its a good thing though, but I think that now we should also concentrate on advertising and educating people about BTC for it to be accepted by everyone...

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January 21, 2015, 01:09:08 PM
 #286

I tend to think they are delusional, but then I look at this:

http://www.usdebtclock.org/

and think those that are delusional and mentally insane are those that aren't investing their life savings on Bitcoin.

There's a difference between thinking it will replace fiat and really wanting it to because it's obviously the better and fairer option. Most intelligent people can see the evils in the current banking and monetary system and bitcoin is a solution to that. Will it ever happen? Sadly probably not but we can hope.
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January 21, 2015, 06:51:42 PM
 #287

Bitcoin won't replace fiat, it does have a potential,but it will never replace fiat, it's too limited/restricted for a country to use (besides laws etc.)

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January 21, 2015, 07:40:17 PM
 #288

Bitcoin won't replace fiat, it does have a potential,but it will never replace fiat, it's too limited/restricted for a country to use (besides laws etc.)

It very well may be a contender in future years if it develops and our world becomes focused on technology instead of paperwork.
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January 21, 2015, 07:44:01 PM
 #289

Bitcoin won't replace fiat, it does have a potential,but it will never replace fiat, it's too limited/restricted for a country to use (besides laws etc.)

It very well may be a contender in future years if it develops and our world becomes focused on technology instead of paperwork.

Poverty will always exist, this may work for 1st world countries with people that have access to electronic devices. In some 3rd world countries, some people can't even afford water. This is something that's going to last, this is where crypto currency has it's flaw.

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January 21, 2015, 07:53:06 PM
 #290

Bitcoin won't replace fiat, it does have a potential,but it will never replace fiat, it's too limited/restricted for a country to use (besides laws etc.)

It very well may be a contender in future years if it develops and our world becomes focused on technology instead of paperwork.

I think, it will always be there side by side with fiat, and will not replace it.

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January 23, 2015, 09:42:09 PM
 #291

Bitcoin won't replace fiat, it does have a potential,but it will never replace fiat, it's too limited/restricted for a country to use (besides laws etc.)

It very well may be a contender in future years if it develops and our world becomes focused on technology instead of paperwork.

I think, it will always be there side by side with fiat, and will not replace it.


Like how it is now or have it be accepted by more merchants/individuals worldwide?

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January 23, 2015, 11:36:36 PM
 #292

Well, I also don't believe that it will replace FIAT, at least not anytime soon. But I think it has some unique characteristics that may prove to be very useful and provide a certain niche of interests. Just like gold does. Bitcoin is a very interesting means of storing value independently of countries, banks, or political implications.

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January 24, 2015, 01:15:49 AM
 #293

Do the aliens have fiat money as well? Someone should launch a QR code beacon in space for bitcoin donations Cool

Lol what?? they dont need money.! they can just pick stuff up.! Y do u think they use bitcoins? Huh

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January 24, 2015, 03:09:05 AM
 #294

Bitcoin will not replace fiat, it will just be a new type of way to pay... Kind of like how checks were a new way to pay, credit cards, debit cards, paypal. (I know, Bitcoin is different from checks, credit cards, debit cards, etc.... You get the gist.)


We seriously need to stop believing Bitcoin will replace fiat.... The only way this is possible is if "New World Order" kicks in.... Will New World Order happen?


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January 24, 2015, 04:36:04 AM
 #295

I tend to think they are delusional, but then I look at this:

http://www.usdebtclock.org/

and think those that are delusional and mentally insane are those that aren't investing their life savings on Bitcoin.

Right on! Sometimes the facts and figures are just in front of us and we chose to ignore it. Either due to complacency or due to other reasons. Obviously, there are people who are status quo type and will always be fine with the way things are going.

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January 24, 2015, 04:38:08 AM
 #296

Bitcoin replace fiat? I believe. However, if new technology come out and it is better than Bitcoin.. it could easily replace Bitcoin as world currency.

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January 25, 2015, 04:47:33 AM
 #297

Bitcoin replace fiat? I believe. However, if new technology come out and it is better than Bitcoin.. it could easily replace Bitcoin as world currency.

Get back to reality! Bitcoin has not yet become the world currency.
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January 25, 2015, 09:10:02 AM
 #298

Bitcoin replace fiat? I believe. However, if new technology come out and it is better than Bitcoin.. it could easily replace Bitcoin as world currency.

Get back to reality! Bitcoin has not yet become the world currency.

Bitcoin doesn't need to become the world currency for everyone owning bitcoins now to enjoy a huge profit. Bitcoin is useful and efficient and should become use more and more.
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January 25, 2015, 09:48:52 AM
 #299

Bitcoin replace fiat? I believe. However, if new technology come out and it is better than Bitcoin.. it could easily replace Bitcoin as world currency.

Technology won't help serve as a world currency. It would have to be accepted along side fiat. It's not going work as of my previous point - poverty.

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January 25, 2015, 11:01:12 AM
 #300

of course this is possible but have we more power than the banks?
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