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Author Topic: Can bitcoin replace money?  (Read 8671 times)

Offline Stavr1992

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Re: Can bitcoin replace money?
« Reply #45 on: September 21, 2018, 11:22:07 AM »
I believe that bitcoin will be able to replace conventional money within the next 10 years
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Re: Can bitcoin replace money?
« Reply #45 on: September 21, 2018, 11:22:07 AM »

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Offline Nanagyasi

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Re: Can bitcoin replace money?
« Reply #46 on: September 21, 2018, 12:39:53 PM »
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.

Offline Jogjaasli

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Re: Can bitcoin replace money?
« Reply #47 on: September 21, 2018, 12:55:59 PM »
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 ..

Offline justsimpleram

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Re: Can bitcoin replace money?
« Reply #48 on: September 21, 2018, 01:38:39 PM »
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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Re: Can bitcoin replace money?
« Reply #49 on: September 21, 2018, 02:09:00 PM »
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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Re: Can bitcoin replace money?
« Reply #50 on: September 21, 2018, 03:17:33 PM »
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.

Offline Jogjaasli

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Re: Can bitcoin replace money?
« Reply #51 on: September 22, 2018, 06:37:53 AM »
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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Re: Can bitcoin replace money?
« Reply #51 on: September 22, 2018, 06:37:53 AM »


Offline mikesmat

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Re: Can bitcoin replace money?
« Reply #52 on: September 22, 2018, 08:24:33 AM »
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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Re: Can bitcoin replace money?
« Reply #53 on: September 22, 2018, 09:06:25 AM »
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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Re: Can bitcoin replace money?
« Reply #54 on: September 22, 2018, 11:59:44 AM »
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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Re: Can bitcoin replace money?
« Reply #55 on: September 22, 2018, 12:20:33 PM »
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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Re: Can bitcoin replace money?
« Reply #56 on: September 22, 2018, 01:53:23 PM »
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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Re: Can bitcoin replace money?
« Reply #57 on: September 22, 2018, 02:27:50 PM »
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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Offline elrozaqo

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Re: Can bitcoin replace money?
« Reply #58 on: September 22, 2018, 02:32:47 PM »
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.

Offline Cruelmes

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Re: Can bitcoin replace money?
« Reply #59 on: September 22, 2018, 08:23:12 PM »
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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