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Author Topic: Bitcoin is a substitute for paper money  (Read 16329 times)

Offline warrior.crypto22

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Bitcoin is a substitute for paper money
« on: January 07, 2019, 09:57:08 AM »
Can Bitcoin replace the role of paper money in the future?

Altcoins Talks - Cryptocurrency Forum

Bitcoin is a substitute for paper money
« on: January 07, 2019, 09:57:08 AM »

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Offline tsakf

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Re: Bitcoin is a substitute for paper money
« Reply #1 on: January 07, 2019, 07:32:16 PM »
Paper money, does not need internet to operate. Bitcoin does. Some have created Bitcoin coins, with a private key embedded, but people did not rush to use them. I think that there will be many types of money. When we need to pay locally, paper money is the best, because you don't need any infrastructure to operate. When you pay online, you cannot use paper money, so digital cash is the only way. I don't know if Bitcoin will be the most used digital cash, but it will find it's place in usage.

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Re: Bitcoin is a substitute for paper money
« Reply #2 on: January 07, 2019, 07:56:44 PM »
Well, I think bitcoin will be a fiat replacement in the future. Along with the progress of the era and technology that will be revolutionary to transact. More efficient, efficient and comfortable. :)
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Offline damsix

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Re: Bitcoin is a substitute for paper money
« Reply #3 on: January 08, 2019, 03:10:45 AM »
More precisely it was not a substitute but adopted the workings of Bitcoin with the Blockchain network.
There are already many exchanges that make the coins comparable to FIAT circulating in the real world, for example trueUSD, USD Coin, Tether aka USDT, Gemini Dollar and bitUSD.

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Offline Sabarhati

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Re: Bitcoin is a substitute for paper money
« Reply #4 on: January 08, 2019, 06:18:14 AM »
maybe you can replace it, but in my opinion not all can be replaced with bitcoin, the role of fiat money will still be needed by the community

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Re: Bitcoin is a substitute for paper money
« Reply #5 on: January 08, 2019, 09:23:38 AM »
In the very distant future, it may be yes, but in the near future it is unlikely, because there are a lot of corners on earth where there is neither electricity nor devices to use cryptocurrency!

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Re: Bitcoin is a substitute for paper money
« Reply #6 on: January 08, 2019, 11:15:42 AM »
Yes I agreed with OP but say that Bitcoin still need time and need more stable to replace fiat system because Bitcoin was created with that ambition
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Re: Bitcoin is a substitute for paper money
« Reply #6 on: January 08, 2019, 11:15:42 AM »


Offline desanti

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Re: Bitcoin is a substitute for paper money
« Reply #7 on: January 08, 2019, 01:02:14 PM »
According to me, banknotes do not require internet to operate. But Bitcoin needs to do it. And there are some who have made Bitcoin coins, with embedded private keys, but people are in no hurry to use them. Because I think there will be many types of money. When we need to pay locally, so paper money is the best, because you don't need the infrastructure to operate. When you pay online, you cannot use paper money, so digital money is the only way. I don't know whether Bitcoin will be the most widely used digital money, but it will find its place in use.

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Re: Bitcoin is a substitute for paper money
« Reply #8 on: January 08, 2019, 08:41:40 PM »
Bitcoin can be used as a payment method, but it will not completely replace fiat, because fiat is a symbol of a country's currency.

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Re: Bitcoin is a substitute for paper money
« Reply #9 on: January 08, 2019, 09:08:00 PM »
Can Bitcoin replace the role of paper money in the future?
No, neither Bitcoin nor another cryptocurrency can replace the national money of the states. Cryptocurrency can not perform the function of paper money. Bitcoin and other cryptocurrency can only be an alternative means of payment and can never replace the usual currency of the state. Each type of means of payment has its advantages and disadvantages and therefore they will only complement each other.

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Re: Bitcoin is a substitute for paper money
« Reply #10 on: January 09, 2019, 01:27:58 AM »
Bitcoin is a coin that is very popular and very potential, Bitcoin replaces paper money, it can happen, but it takes a very long time, because paper money is very important for ordinary people.

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Re: Bitcoin is a substitute for paper money
« Reply #11 on: January 09, 2019, 09:08:30 AM »
I think that Bitcoin can replace paper money in the future, but for a large nominal, while for a nominal that is less likely to be used with Altcoin, because the price of Bitcoin is high, then Bitcoin can only be used for transactions that are high nominal.

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Re: Bitcoin is a substitute for paper money
« Reply #12 on: January 09, 2019, 09:19:56 AM »
Can Bitcoin replace the role of paper money in the future?

Yes It can,  I think Bitcoin is substitute for paper money,  Bitcoin will replace the role of paper money in the future.

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Offline Luis

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Re: Bitcoin is a substitute for paper money
« Reply #13 on: January 09, 2019, 02:30:29 PM »
I think that maybe ten more years when the market is stable and we have something to control the market like international rule, then Bitcoin can replace the paper money
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Offline mlawson71

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Re: Bitcoin is a substitute for paper money
« Reply #14 on: January 09, 2019, 03:08:42 PM »
I think that paper money will definitely be replaced eventually, but whether it will be by bitcoin or something else remains to be seen.

 

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