Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Gastonic on September 17, 2018, 11:23:02 AM
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
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It will not become a world currency as not all the countries accept it, not all of the people want to buy it and our world is not ready for such a big technicality.
The point is the Bitcoin will be more and more acceptable on Internet services, you could even pay for goods using it, but it will never be equal to dollar or euro or other currencies.
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First of all all countries are not ready to accept crypto and bitcoin, yet. Second, even if the whole world accepts it, it won't replace fiat, it can't. It'll have better uses like easy and safe remittances around the globe but there are functions of fiat which can't be replaced by any virtual or digital currency.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
in my opinion, bitcoin will not be able to become a currency in the whole world because there must be countries that reject bitcoin and there are certainly those who are interested in buying bitcoin and there are those who are not interested in buying it.
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I am sure, someday Bitcoin will be accepted by the world as a single digital currency that will apply throughout the world. but I don't think, bitcoin will be able to replace ordinary fiat money. because even though after all, Fiat is still needed by society in general, while Bitcoin will only be used by modern people who have high knowledge.
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I think it could be bro, but now is not the right time for the next few years because there are still many countries that are not ready to accept crypto, even some countries reject crypto
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Bitcoin does not become a single digital currency. In this there is no need. We need a variety in the crypto currency, and it can ensure its good development.
Also, bitcoin can not replace national money. Decentralized crypto currency is able to walk in the state only in parallel with the national money of this state. No state will renounce its national currency to replace it with bitcoin or other crypto currency.
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I don't see the possibility for the bitcoin to be one united digital currency. If you try to talk about bitcoin can replace money (fiat), I think it is impossible for now. Many countries still don't accept the bitcoin and it is always volatile and unstable. These are not good for the characteristic of money. So, for me, Money (fiat) still cannot be replaced.
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I'm sure that this place will take another cryptocurrency. Bitcoin is too old and not modern.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Yes I think It will happen at coming future. Because bitcoin is the future technology. It will dominate and will be more stable at the future.
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I think so too, @SaepulMT. Many countries are not ready to accept crypto, including in my country. I also don't know why they forbid and reject crypto, even though crypto can provide a future for everyone.
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Yes, Bitcoin is created to become a digital currency, which will function as an online payment tool or Bitcoin is a digital currency. so I don't think bitcoin units will replace fiat as a currency. Bitcoin and Fiat will both function according to their individual needs.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Yes I think It can. Bitcoin can replace money at the coming future. It will take several years again.
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if I don't think it's possible, bro. bitcoin Replaces paper currency. if it could, it would definitely take a long time. to process it all.
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basically, the function of money already exists and is owned by bitcoin, but I think it would be better both complement each other rather than to each. remember the original currencies have made history and identity for the country, while the bitcoin also has advantages and is a form of advanced technological development results which are also profitable.
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I don't see the possibility for the bitcoin to be one united digital currency. If you try to talk about bitcoin can replace money (fiat), I think it is impossible for now. Many countries still don't accept the bitcoin and it is always volatile and unstable.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Maybe at the coming future bitcoin will replace money. When the price is more stable and bitcoin will be more popular. I think It will happen. Because bitcoin is the future currency .
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I think bitcoin can replace money unfortunatelly it will happen in couples years later, because however the community of bitcoin around the world growing up Chinese Bitcoin enthusiast is currently filming her attempt to survive 21 days by living on nothing but bitcoin. A recent documentary shows her trying to retrieve food, housing, and necessities all through cryptocurrency transactions done on her phone. The cryptographic adventure is airing on iQiyi, China’s Netflix equivalent
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never
real money is unreplaceable
when any country accept crypto to replace money they can't control the price
the price of bitcoin is unpredicatble and very fluctuating
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Bitcoin can replace money, the more advanced and certainly the currency will become more sophisticated, I believe bitcoin can change the economy in a large country, the development of digital currency is very fast, bitcoin can certainly change the currency in the world
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
There will always be acceptance of digital currency, specifically Bitcoin. However, not all will appreciate its existence. The acceptance will take place for people who are open to new technologies and open minded with change. But for now, Bitcoin still cannot replace fiat because of some resistance.
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if I think bitcoin can't replace paper currency bro. my reason is because bitcoin is very difficult to control Even the price is difficult to predict by anyone
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for me it won't be possible,
Although bitcoin fans are increasing, but to change fiat currency, it will never happen because each country has constituted a fiat currency constitutionally as a legal payment instrument and is also a symbol of great sovereignty. for us that can never happen ...
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Yes I agree that bitcoin can be accepted as united currency but it can't replace fiat because bitcoin transaction is limited only to those area with digital internet connection unlike fiat that we can easily perform transactions regardless of internet.
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it looks like bitcoin can't replace paper money, moreover bitcoin prices that are never stable, are difficult if used as a means of exchanging people for their daily needs ..
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Maybe It will take several years again. When the bitcoin is so popular and the government accept the bitcoin at the future, I think It will happen. Bitcoin will replace money.
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it could be that bitcoin is replacing the money in the world, the times are progressing and I hope that the world's currencies are also developing, I will always support bitcoin as an illegal currency in a large country
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bitcoin cannot replace money, bitcoin will always be digital money, digital money is not the same as real money, but bitcoin will always be a digital currency
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yes in my opinion bitcoin will not be able to replace fiat currency because not all countries accept crypto and bitcoin. because even many countries still reject bitcoin. even if they can be accepted in all countries in the world it will not be able to replace currencies because they are interested in buying bitcoin and there are also people who are not interested in buying it. Because bitcoin is only a digital currency most people use fiat currency in life real. so bitcoin will not be able to replace fiat currency because like any fiat currency is still used mostly by small communities, generally rural people like remote areas are still far from the internet while bitcoin will only be used only by modern people in urban areas who have the knowledge high.
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I don't think this can ever happen.It maI be accepted as a means of payment of goods and services in several countries but for btc to replace fiat money, it wont happen.
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I also think so, let both walking sides by side without fouling each other, because fiat money is also very valuable for a country because in it there is historical value and identity which will not be replaced.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
I think at the coming future when the price is more stable and the bitcoin is not high volatile , I think bitcoin can replace money. Because block chain is the future technology.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Of course, I believe bitcoin will replace money at the coming future. Bitcoin has potential to do that and bitcoin is the firts of crypto currency.
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In my opinion, bitcoin was created as an integrated digital currency but not all countries can accept bitcoin and some countries make their own digital currency
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without replacing the presence of money, bitcoin also already has the same function as money. It seems to me quite both mutually run side by side without having to replace each other. because money has a value that is very valuable for a country.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
I think It is difficult and will take several years. Maybe at the coming future when the price of bitcoin is more stable and more popular , Bitcoin will replace money.
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maybe not, because not all countries want to accept the existence of bitcoin, moreover the value of bitcoin that is never stable is agreed when it can change ..
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bitcoin is only made for digital currency and will function as an online payment tool if you talk about bitcoin can replace paper money. I think it's impossible for now. because there are still many countries that do not accept bitcoin. even though it can replace paper money it will take several years to process it.
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Time will tell about vthe future facts. As for now, everything seems under the possible to change. Alts bitcoin could be the one currency that can control the entire business world but still time will tell us.
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This is so possible that Bitcoin will repleced money in the near future as we are approaching ti the new digital technology.With this,many investors will be benifited in it in terms of safe investments.I am hoping this will be done.
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good to hear, but faint that happens because many people today are not wise to use bitcoin. If they were touched, they would not have been able to do so.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
I have a feeling before that bitcoin will replace the fiat money and be the global crypto currency. But I am now not sure if that will happen, maybe time will come that bitcoin be a global currency but will never replace the fiat since digital has always limitation same with fiat in there particular position.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
I think It will hapoen at the coming future. Bitcoin can replace money. Lets see.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
We don't know for the future but for now Bitcoin is good as alternative investment to earn more fiat currency for our actual spending but Bitcoin currency is already used as currency for direct spending in some countries like Japan and Germany so if these countries will become succesful of using it as currency then maybe many countries will follow until the whole world will consider it as currency for spending.
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Bitcoin is not technically able to replace cash, but it is suitable as gold. I don't believe in the myth that cryptocurrencies can't be controlled.
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I believe that bitcoin will be able to replace conventional money within the next 10 years
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What you are asking is highly impossible. Several governments are even against btc so how can it become achieve what you are saying. I think we should be more concern about btc been legalised in as many countries as possible.
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bitcoin will not be able to replace cash, but one day the possibility can, what's more with the development of a more sophisticated era of cash can be replaced.
and in some countries currently also cannot accept the currency. And there are three who can accept ..
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I think not because bitcoin have many use and not for replacing money. Then not all the people are ready to use bitcoin and many people don't know and don't like crypto. So many years needed to make people use to it. But I want bitcoin to be use in many aspects and to be more known all over the world
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I actually doubt it. There were certain attributes to consider before bitcoin can ever replace money. To name a few it should have the universal acceptability, convenience, speed in transaction and stability. To which obviously bitcoin doesn't have. It is extremely volatile - value fluctuates regularly. Another thing this virtual currency has limited supply. Only 21 million in total. Will this be enough for the whole world to use?
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
At the coming future I think It will happen. Bitcoin can replace money. Because bitcoin is the future technology.
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it looks like it won't be able to happen, maybe bitcoin has more users, but it won't be able to shift the position of the banknote
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Bitcoin cannot replace money because people cannot trust a currency which is being controlled by certain individuals instead of a world control system agreed by various government. Another thing is that not all individuals are computer literates
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it's possible we don't really knows the future but the popularity of bitcoin and continue support of community attract many investors.so there's a possibility flat money can replace bitcoin time will tell us and hoping to be done
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
I think It is very difficult. Because it will take several years again. Maybe at the future Bitcoin can replace money.
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It is difficult to replace money with bitcoin. Government will not agree with that option. We have used money for long times and it is very crucial in our life. Nothing can replace it, but if bitcoin can be one of the payment at future.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
I think It is very difficult. Because the government will keep their national currency.
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For now Bitcoin cannot be accepted as a currency in general, but I'm sure someday Bitcoin will become a digital currency that will be used by all countries in the world. I'm sure of that, but it will take a very long time.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Yes I believe It. Crypto currency will dominate at the future. I think Bitcoin will replace money.
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Of course it can but i dont know how. i think the problem is people need job from helping people. but btc i mean blockchain cut the middle man it make less job.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Well, I think there is every chance, because it already occupies its place among countries such as Japan, the United States, Australia. And that's not all countries! And just take and remove from the network is almost finished product, a system that has been working for so long. I undoubtedly think that bitcoin will continue its way, and even if it is not officially recognized by the countries, it will be used and in demand among those who already understand what bitcoin is!
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I think not, bitcoin is not stable so it will be a risk if it is used as a currency, and it looks like bitcoin will be used more as an asset than as a currency.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Yes i agree that the ultimate purpose of bitcoin us to provide a good service in terms of payments system aside from investment but we are aware already that there are countries or place in a specific digital countries that can not adapt the changes because of a very poor internet connection which is very hard for them to perform transactions.
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Bitcoin is expected to replace money. Because bitcoin is the technology of the future. In the future I think it will happen. But it takes a long time to realize it all.
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Bitcoin was created to replace conventional currencies in the future, but I think this will take a very long time. because we know, nowadays many countries prohibit the use of Bitcoin.
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In my opinion Yes. In Venezuela, for example, people already only use bitcoin. Since the state constantly lowers them in price and for a sack of their currency one can buy only one match and only. :D
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Yes of course, in a sense that it has the potential to become one. Though some other countries are already using bitcoin as a digital money or currency, but there's a problem on the acceptance for crypto in other countries and this make its purpose a failure.
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Whatever we predict about the future of bitcoin can go either ways. Bitcoin would receive mass adoption but it would be very hard for it to become an international currency. That means governments and the media have to suddenly refrain from their hostility towards bitcoin.
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Most buyers of cryptocurrency rely on the fact that the price of any "coin" they buy will increase dramatically. However, the ultimate goal of many digital currencies is not to remain a highly volatile asset for the traders' speculation, but to offer a viable decentralized alternative to the existing money system. Not all cryptocurrencies will achieve this goal. Some lack the technical ability to handle a sufficient number of transactions, all the cryptocurrencies they remain extremely unstable, and in their way there are both legislative and psychological barriers.
Garrick Hileman, working at the London School of Economics and the University of Cambridge, and specializing in monetary systems, said that there is a significant difference between currency and money. "Many things in the space of the blockade correspond to the definition of currency," he said. "Cryptocurrencies, such as Bitcoin and Litecoin, function as a means of exchange, since you can buy things with their help. They keep value day in and day out, although they are very unstable and the fact that they can lose value so quickly is the main sign of the question. " In order to replace money, a cryptocurrency is required to take on the role of a "unit of account", in addition to functioning as a means of exchange and preservation of value. The unit of accounting is the unit in which goods and services are valued in a particular country, for example, the pound in the UK.
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According to me, bitcoin will not be able to replace currencies because in any case fiat is still needed by society in general while bitcoin will only be used by modern people who have high knowledge. basically a money puncher already has one but I think it would be better to complement each other
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I think bitcoin will not be able to replace currencies around the world because there are still countries that reject bitcoin. basically money punches already exist, so I think it's better to complement each other because we have to remember that the original currency has made history and identity for the country while bitcoin also has advantages and is a form of development of sophisticated technology that is also beneficial
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Anything is possible.This could be happend that Bitcoin will replaced fiat because we are on our way to the next digital world of crypto currencies.Bitcoin and all altcoins will rule the world in the near future.
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Crypto currency can successfully replace the money (state) money, which in the future may not be needed at all. This is often said by fans of crypto currency, in addition, bitcoin was initially positioned exactly as an analog of traditional money. Opinions on this score are expressed a lot and very often meet directly opposite. If one person says that bitcoin is a bubble, there is a dozen that declares that the dollar (euro, etc.) is exactly the same bubbles whose value is not backed up (gold and other tangible assets are meant). ;)
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Bitcoin can replace money, but it needs many things to be prepared especially for the government. They need to make Bitcoin as a legal thing so their people will use bitcoin in their real life and people don't have to afraid with the inflation that might happen later. There will be much debate from the people from the government because cryptocurrency still a new technology which they don't know and they need to learn more about cryptocurrency.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Yes I believe it. Bitcoin will replace money at the coming future. Bitcoin has potential to do it. I think, We will see bitcoin will be more stable at the future.
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I don't think it should be by replacing the bitcoin can maximize its function. because according to me, money is the travel history of a country let remain preserved in it, bitcoin suffice coexist maximize its function together with real money. I think this is better.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Of course. Bitcoin is the future currency. It will be needed and dominate at the coming future. It will be replace money.
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Bitcoin is the world's digital currency that is on the internet alone cannot replace the country's currency and not necessarily all countries accept the existence of bitcoin. The point is that bitcoin will never be able to replace the global currency
The currency is a symbol of their respective countries
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
I support cryptocurrency to be used as a peer to peer anonymous and decentralized payment but I have second thought if they are going to replace fiat and the whole world is going to Bitcoin as their main cryptocurrency, there are still places like ours that do not have a fast internet connection or no internet connection at all.
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for total replacing real money maybe not yet, but bitcoin can be the great companion for your finance activity and can be used like your ATM.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Bitcoin is decentralize platform. It will be dominate at the future. I think bitcoin will replace money. Lets see.
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No, bitcoin cannot replace money. Fiat money is a symbolic state as a legal payment and requires a physical form. You can imagine the country's economy will be destroyed if bitcoin will replace money as the main payment, many countries will compete to get bitcoin with a limited supply. It is not balanced with the equality of the world economy statistics.
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No it cannot replace the money it can compete against it but even then it has it’s limitations and is publicly sourced to where the dollar is in every corner of the world as an accepted currency BACKED by a central government. A generation of old school money will have to pass before that kind of forward thinking takes hold. A currency that uses block chain technology….most likely but bitcoin never.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
I don't think so. The government won't allow it that they will lose control of its people because a cryptocurrency appeared taking over the normal flow of transactions and some would not be able to manipulate anymore the books because of transparency. Even if many people would use bitcoin, fiat is still needed due to the limitations when it comes to cryptocurrencies that is needing an internet connection and its not possible in some areas.
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it could happen but it is very difficult to believe because later if bitcoin can replace the position of money how does it not fit, but if I think bitcoin is bitcoin, it will be like gold, so gold can be sold in any country
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if I think bitcoin can't replace paper currency bro. because in my opinion there are still many people who do not understand and know the digital world of bitcoin. and some countries still consider bitcon illegal. and the amount of bitcoin is limited bro .
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I thought this would not happen, Bitcoin was created for the sale and purchase, but Bitcoin was created not to replace money. In the future Bitcoin and Fiat Money will run together according to their own functions. and don't kill each other.
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I think Yes, bitcoin is usually separated from the rest of the mass of cryptocurrencies, it can be considered a legitimate payment unit
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Can bitcoin couldn't replace money?
I personally believe that bitcoin can make it to another level when time comes. This is not about rushing to change the system. This is about slowly getting in touch to all transactions and let the change begin once bitcoin conquered the system of fiat.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
I think It is difficult, because every government keep their fiat currency. I think It will take several years bitcoin can replace money.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
I strongly believe that bitcoin can not replace our traditional money or fiat because the transactions using digital currency is limited only to the area with internet connections unlike our traditional money that we can use anytime and anywhere without internet connection.
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With the rapid advancement of technology, the possibility of bitcoin to replace the original currency in a country is still very open so that the role of government becomes important in order to make it happen.
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No, I don't think so.. Without fiat, bitcoin can not last...not everyone is intelligent to handle a digital currency.
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Yes and yes again !! Otherwise, no matter how. Money is constantly being released, they are crumpled, dirty and other vital factors. So, give cool gadgets and cryptocurrencies to the masses !!! )) ;D
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Yes I believe that. Bitcoin will replace money at the coming future. Bitcoin is the future currency and potential coin.
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No I don't think it could ever replace conventional money, it has been there for how many years. And I don't think the government would allow that too.
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for us The use of digital currencies like bitcoin actually synergizes with virtual currencies. only for part of the transaction. To replace it in its entirety is impossible.
Conventional banks will still be needed even though digital money has been used thoroughly in all countries. Because not everyone uses digital money like bitcoin.
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Bitcoin will never replace money, bitcoin has its own value as well as fiat. but bitcoin can be used as an alternative to transfer money to global businesses.
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I think no one can replace money because using with our traditional money we can easily perform any payment transactions without worrying as this is user friendly to all people and does not require internet connections
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Impossible, bitcoin and othwr cryptocurrency can't replace money fiat. Because its real money and so much people using it
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For now, Bitcoin is not yet accepted by the public, maybe Bitcoin is still new or the price of Bitcoin is still unstable, rising and falling rapidly. but I'm sure in the future, bitcoin will truly become a digital currency that can be used for buying and selling transactions like conventional fiat currencies. But to realize all of that, it takes a very long time.
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Impossible, bitcoin and othwr cryptocurrency can't replace money fiat. Because its real money and so much people using it
There are no impossible if all of people around the addoption bitcoin and other cryptocurrencies because right now The Beijing Sci-Tech Report (BSTR) is one of the oldest science and technology publications in China. The media organization prints editorials stemming from its ‘Technology Life‘ team of authors, and it also publishes approved content from the well known US science journal Popular Science. This weekend the magazine has announced that it will be accepting BTC for subscriptions towards its 2019 publications. The cost to subscribe to BSTR will be 0.01 BTC (about 450 yuan or $65 USD). It is one of many sample addoption of bitcoin.
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Can. Provided that Bitcoin is acceptable in all countries and its citizens accept it. Then on the other hand, large companies such as car companies, mines and others that affect the entire world to apply Bitcoin money, can be more and more people are wearing it. But the problem is that when a country is still not technologically advanced, it will hamper. All that will take a long time to replace fiat money into Bitcoin.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
I think yes, Bitcoin can replace money at the coming future. When bitcoin is more stable and more popular.
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I think that will be happen someday.
Bitcoin will make a real money just in digital, and money is just number in the futute.
Maybe 10 years letter that will happened.
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I don't think bitcoin will be able to replace the role of a full currency, because I know that not all regions or everyone can access the internet and not everyone knows bitcoin.
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When it was first created, Bitcoin was created for the purpose of replacing money on the internet and a currency not dependent on any country. But over time, investors have made it like gold, and Bitcoin is now considered a retention asset
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference.
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This is the hardest challenge of bitcoin and all altcoins because not all places in the world are already civilized so on this part I think the cryptos will fail.
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Can. Bitcoin will be able to replace fiat money. Provided that Bitcoin can be accepted by all communities and legalized by Governments in all countries. But that is almost impossible. Because Bitcoin is still unable to reach countries with low technology. Therefore, there is still no Bitcoin to replace fiat money.
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There I a chance but it could be not at all if we are just speaking only for bitcoin but if the question could be like this "will the fiat be replace by crypto?" Then the answer could be yes because the world is turning into a more advance space.
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if in my opinion it's very difficult if bitcoin wants to replace paper currency. become a bitcoin digital currency. because of my reason the number of limited bitcoin and bitcoin is not available in all countries bro .
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If this happens government will most likely ban crypto because it is harmful for the country's economy especially on the circulating supply of their fiat
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For me, I think no crypto currency can replace money and even bitcoin which is one of the most profitable crypto because in bitcoin transaction is limited to areas where internet connection is available unlike money that we can easily perform transactions anytime at any place.
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Bitcoin will not replace fiat money. Because after all the value of bitcoin will be measured from the value of fiat. But bitcoin can be an alternative payment to replace fiat if bitcoin has become a legal payment.
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Bitcoin will not replace fiat money. Because after all the value of bitcoin will be measured from the value of fiat. But bitcoin can be an alternative payment to replace fiat if bitcoin has become a legal payment.
For now I believe that bitcoin cannot replace fiat, because I believe that not all of the people around the world know about bitcoin yet. Some other people really didn't know about this thing. So for now I believe that bitcoin will not replace money it maybe in the near future it will become the most amazing payment system.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Of course, I believe Bitcoin can replace money at the coming future. Bitcoin is very potential and the future currency.
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in my opinion bitcoin won't be able to replace money, because bitcoin fluctuates and not all countries can accept this digital currency
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I also think so, let both walking sides by side without fouling each other, because fiat money is also very valuable for a country because in it there is historical value and identity which will not be replaced.
Yes I think It will happen at the coming future. Bitcoin will replace money and We will see digital era will come. I believe it.
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The intension of creating btc is to act as digital cash, that is solely controlled by individuals without Government interference. "I stand to be corrected" if that's true, will it "bitcoin" be generally accepted as one united digital currency?
Yes, I think at the coming future Bitcoin will replace money. Because Bitcoin is the future currency, It will be needed at the future.
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Bitcoin itself is still not fully accepted as a digital currency by many countries and companies and banks in this world. So that Bitcoin won't be able to easily replace fiat money. I think Bitcoin will need hard work and a long time to be able to defeat fiat Money in the eyes of the world.
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bitcoin will not be able to replace paper money, moreover bitcoin cannot be accepted by various countries in the world
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The possibility of thin bitcoin will replace money, many countries have not legalized bitcoin, and the world is not ready to accept bitcoin as money because its value is unstable.
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At the beginning of the cryptocurrency boom, Bitcoin seemed to be the unquestioned leader. Up until early this year, Bitcoin accounted for the vast majority of the industry’s market capitalization; then, in a span of just weeks, Ethereum, Ripple, and other currencies rushed to catch up. While Bitcoin is still in the lead, the rapid turnover in the industry has some analysts debating if cryptocurrencies are actually currencies.
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The possibility of thin bitcoin will replace money, many countries have not legalized bitcoin, and the world is not ready to accept bitcoin as money because its value is unstable.
For now I believe that it is really hard to say that the bitcoin will replace fiat because fiat is really the most trusted way of paying. I believe that there are still many people around the globe that didn't even know what is crypto yet, and how does it works, crypto is really amazing bit I think it needs to take a lot of time in order for crypto to become more fluent to used or maybe usable by all people. Because I believe that there are still many people around that didn't know that crypto exist.
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I am sure that someday Bitcoin will be accepted by all countries in the world as a single digital currency that will apply throughout the world. but I don't think, that bitcoin will be able to replace fiat money. because after all, fiat money is still needed by the public, while Bitcoin will only be used by modern people who have high knowledge. about technology
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It will never happen if Bitcoin will replace Money.
Just look at how it works Oil and Gold always side by side with FIAT money, then Bitcoin is the same and will not be able to use Fiat Money but will continue to side with Fiat.
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yes, even though bitcoin is able to be accepted by all countries in the world, but it will not be able to replace the position of fiat money, especially fiat money is a symbol of a country
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bitcoin is like valuable gold, capable of being exchanged with anything between countries in the world, but it cannot replace fiat money which has always been a symbol of a country
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That will happen if everyone understands bitcoin and the government accepts bitcoin and makes it a legitimate currency, but it will be difficult because there are still many people who consider bitcoin too risky to be a legitimate currency.
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It's no coincidence that the rally we're seeing right now began soon after Tax Day. Many bitcoin and altcoin investors likely liquidated some of their holdings ahead of the filing deadline to cover capital gains taxes from last year and are now getting back into the trade.
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Bitcoin also has several problems that make it difficult to replace conventional currencies. For example, Bitcoin does not have an underlying and is not centralized. In addition, Bitcoin does not have a deposit and credit mechanism like conventional currencies.
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bitcoin does have a function that is not much different with money. but by no means capable of replacing bitcoin money. money has a historical identity and self-evaluation for a country that is not owned by the bitcoin.
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Maybe Bitcoin can replace money. But that is not possible now. Because money is still very much needed and used for everyday transactions. I think that all Bitcoin users here still use money. So Bitcoin will find it difficult to replace money. Because money is ingrained in everyone in this world.
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Bitcoin does not replace cash, bitcoin makes payments fast, easy and does not depend on banks and credit institution.But at present bitcoin is mainly used as as investment asset.Not really used as currency.