Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: warrior.crypto22 on January 07, 2019, 09:57:08 AM
-
Can Bitcoin replace the role of paper money in the future?
-
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.
-
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. :)
-
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.
-
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
-
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!
-
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
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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
-
I think that paper money will definitely be replaced eventually, but whether it will be by bitcoin or something else remains to be seen.
-
Even if Bitcoin can spend money in the future, but for a large nominal, while for smaller nominal issuance is used with Altcoin, because the price of Bitcoin is high, then Bitcoin can only be used for transactions that are high nominal.
-
Cryptocurrency cannot function in banknotes. Bitcoin and other cryptocurrency can only be alternative payment tools and can never replace the normal state currency. Each type of payment instrument has advantages and disadvantages and therefore they will only complement each other.
-
As far as my personal observations up to now, I think bitcoin will be better to be a place to invest. The price is expensive and can be easily obtained by the user (by buying). But at least the price must be above the price of $ 20k. That will look amazing. 8)
-
Yes bitcoin is a substitute for papers money. Because bitcoin is more easier to use than papers fiat money. I support bitcoin than paper money.
-
In my opinion, Bitcoin and other cryptocurrency can only be alternative payment tools and can never replace normal country currencies. Each type of instrument of payment has advantages and disadvantages and therefore they will only complement each other. Cryptocurrency cannot function on paper money.
-
Yeah the purpose of Bitcoin and crypto is to replace the current paper money system. That the ambition of technology revolution 4.0 in the near future
-
Can Bitcoin replace the role of paper money in the future?
I agree with your opinion mate. Bitcoin is digital currency, It is a subtitute for paper money. It is the future currency.
-
Can Bitcoin replace the role of paper money in the future?
Yes It can, I think Bitcoin will replace the role of paper money in the future. Digital era will come soon. I believe it.
-
Can Bitcoin replace the role of paper money in the future?
I think that if the dollar falls then bitcoin will grow in value. This will be conditioned by demand for the currency of the future and not for paper money.
-
Bitcoin and other cryptocurrency can only be alternative payment tools and can never replace normal country currencies. Each type of payment instrument has advantages and disadvantages and therefore they will only complement each other. Cryptocurrency cannot function on paper money.
-
Can Bitcoin replace the role of paper money in the future?
I don't think it is. We are middle of the technological revolutions it these years. We've started to use digital money (from banking account with online banking). It only matter of time. Then, maybe we will be forget paper money...
-
Can Bitcoin replace the role of paper money in the future?
No, this opinion is wrong. Bitcoin didn’t claim to replace national paper money. He is not capable of that. No decentralized cryptocurrency is capable of this.
On the other hand, no state will ever allow it. The states will always protect their national money and rigidly react to any encroachment on their free circulation.
-
Can Bitcoin replace the role of paper money in the future?
No, because paper money, can be used without any internet connection. A replacement for Debit/Credit cards, YES! They need a network going, so Bitcoin can replace them very well.
-
Bitcoin was created with that ambition but it still need to stable more so that it has a fix price and then people can use it as a replacement of fiat
-
Can Bitcoin replace the role of paper money in the future?
Of course, Bitcoin is a virtual currency that can be used for any payment, but we also need banknotes for tangible proof of our funds, BTC has a good security level such as transaction data that cannot be changed.
-
Can Bitcoin replace the role of paper money in the future?
I don't think so. We still need paper money to pay for our daily needs and that majority of the worlds population is not into cryptocurrency. Unless if there is a new world order to stop using paper money and to use cryptocurrency instead.
-
Not at all. Replacing the paper money, we talk about the different condition in each country and society in worldwide. There are so many distinguishes among them, the utility, the knowledge, and the system. The bitcoin can be also used as a manner to support the currency, not for replacing.
-
even we are on age of computers technology and this is very useful in any kind of transaction of crypto currency , but i don't think bitcoin can substitute the paper money,truly there are many transaction perform through bitcoin but we can't deny that not all transaction can be done with bitcoin but paper money can do it all.so its never happen someday bitcoin can substitute paper money.
-
That could happen. But not entirely. Because not all transactions can be done with Bitcoin. An example is a buying and selling transaction on a traditional market. So there is its own place to make transactions with bitcoin.
-
That could happen. But not entirely. Because not all transactions can be done with Bitcoin. An example is a buying and selling transaction on a traditional market. So there is its own place to make transactions with bitcoin.
It can not happen in any way. Bitcoin is simply not capable by its nature of replacing the national paper money of the states. In addition, no state will ever agree to use Bitcoin instead of their national money. It would be detrimental to the economy of the state.
-
Can Bitcoin replace the role of paper money in the future?
I don't think it can replace the role of Fiat. Both will be needed and I think it is no need to lose Fiat. It is better if we have both a digital currency and Fiat. They can be used together and it will make global financial stronger.
-
I don't think that will happen. As a fellow trading agent, bitcoin tends to be different in level. In my opinion, bitcoin is mostly in the middle to upper class level. So fiat money will not be replaced even though bitcoin can already be received in some communities.
-
Can Bitcoin replace the role of paper money in the future?
Bitcoin has got all the potentials to provide the best and most secured method of payment both online and offline. The offline aspect is set to reach full potentials after the development and launch of the Blockstream Satellites which will require no internet to do Bitcoin transactions. For now, Fiat will continue to win the offline aspect of payment because it is very familiar to the people and does not require basic education of reading and writing before one could trade with it.
-
Yes that the purpose of Bitcoin when it was created but for that come true, Bitcoin need more stable and development more
-
In my view, bitcoin and paper money support each other. So nothing will be replaced or replaced. The paper money will still be there. While bitcoin can also be received.
-
Nothing can replace the paper money of the states. They are the crown of the creation of mankind over the past fifteen hundred years. They will not be easy to replace at all, and even more so cryptocurrency, which is not capable of it at all.
In the future, a cryptoalument will occupy the niche of one of the types of non-cash money, however, it will not be able to significantly affect the circulation of cash. Cash and cryptocurrency will continue to go together and complement each other's capabilities.
-
It's not possible for now to replace the paper money with bitcoin, block chain has a lot of works to do in order to make that happen. Although, the payment system is now getting familiar with the people but it is still a small portion of the uses of the paper money. I don't think its happening soon. Its far from reality.
-
Paper money is needed, bro. I think it will be easier to use. I doubt if paper money will disappear since people should refuse it. Sometimes digital currency can be more difficult to use than paper money.
-
Bitcoin is not a substitute for paper money but an alternative to it. The two currencies can co-exist in our financial world a virtual currency and a physical currency. The user will be able to make a choice of the currency he wants to use that meets his needs and demand.
-
if I replace it completely, I think it will be very difficult and it will not be able to be completely because I think all have their own role in its use.
-
Paper money is gradually fading out of the system because digital currencies are taking the lead. This is because digital currencies or money provide convenience to the people as compared to the paper money which is too cumbersome to carry along huge sums of money. In the field of digital money or currency, cryptocurrency has emerged with tremendous features which provide more convenience, security, speed and low cost in its transactions which makes its king, Bitcoin, the most outstanding coin capable of surpassing the other forms of digital currencies which may include the use of credit cards, paypal, visa, etc.
-
Paper money is gradually fading out of the system because digital currencies are taking the lead. This is because digital currencies or money provide convenience to the people as compared to the paper money which is too cumbersome to carry along huge sums of money. In the field of digital money or currency, cryptocurrency has emerged with tremendous features which provide more convenience, security, speed and low cost in its transactions which makes its king, Bitcoin, the most outstanding coin capable of surpassing the other forms of digital currencies which may include the use of credit cards, paypal, visa, etc.
The convenience of digital currency is obvious. This is a major advantage over paper. I think Bitcoin will be a means of payment only after the introduction of the 5G network and when people completely give up paper money. It will be a globalization of the population. The trend shows that we are rapidly moving in this direction.
-
Bitcoin fundamentally different from a fiat currency, which is backed by the full faith and credit of its government.BTC to replace paper money will takes a long time and a prolonged war with governments.
-
Bitcoin fundamentally different from a fiat currency, which is backed by the full faith and credit of its government.BTC to replace paper money will takes a long time and a prolonged war with governments.
Yes, exactly. Fiat currency, is already digital, with credit cards and bank mobile wallet software. It's not about digital/paper money. Bitcoin is about gov controlled or not.
-
Can Bitcoin replace the role of paper money in the future?
No, bitcoin will never be able, and it will not be able to replace paper money. Bitcoin, like all cryptocurrencies, was created as an alternative means of payment to the current payment system. Cryptocurrency was not going to replace fiat in any form and is not going to. And with a strong desire, this should only be a government decision. And we have known the government's opinion on this issue for a long time.
-
Can Bitcoin replace the role of paper money in the future?
No, bitcoin will never be able, and it will not be able to replace paper money. Bitcoin, like all cryptocurrencies, was created as an alternative means of payment to the current payment system. Cryptocurrency was not going to replace fiat in any form and is not going to. And with a strong desire, this should only be a government decision. And we have known the government's opinion on this issue for a long time.
paper money can never be replaced by bitcoin, it's just that as time develops and technology develops, more and more people will use digital currencies such as bitcoin, so maybe paper money and digital currency in the future will still exist and both will still be used.
-
Well maybe in the future we will use digital money or bitcoin and the paper money will not be exist anymore.. but I'm not so sure if this really happen in the future because there are some people will prefer paper money..
-
This will definitely happen when we use only electronic money, it is already slowly coming to this. We will look on the good side when everyone switches to electronic payments, it is fast and reliable.
-
Can Bitcoin replace the role of paper money in the future?
Yes, It can.
But I think It will take several years again.
Paper money will be replaced by bitcoin and altcoins, because As many people said digital era will come soon.
Lets see.
-
Yes, It can.
But I think It will take several years again.
Paper money will be replaced by bitcoin and altcoins, because As many people said digital era will come soon.
Lets see.
I think it would take decades and it still wouldn't be 100%. Keep in mind that not everyone likes cryptocurrencies, there are areas where it could not be used since there is no type of internet connection and that it would be very difficult to educate the world population on the basic use of blockchain and cryptocurrencies. Cryptocurrencies and FIAT will always coexist, since there are also governments that would never implement them, out of fear or ignorance
-
This will definitely happen when we use only electronic money, it is already slowly coming to this. We will look on the good side when everyone switches to electronic payments, it is fast and reliable.
This can happen if our planet does not have big wars, global cataclysms and the climate does not change so much that people will starve to death and there will be no time for the development of electronic technology. And since, according to the history of mankind, wars and cataclysms occur regularly in our country, and the climate changes very sharply every year, it is always better in the field of finance to have a backup option in the form of paper money. Otherwise, we will have to return to barter transactions or use some other physical objects or values as money.
-
Everyone has a prediction for the continuation of this Bitcoin, indeed Bitcoin is created as a digital currency where its use will always depend on the internet channel. And I think this will be difficult to realize if Bitcoin is forced to replace paper money, because we will not always be connected to the Internet. I agree if this Bitcoin is used as an alternative payment from conventional money.
-
True. That said, the same applies to CBDCs, and that has not stopped governments from developing them.
-
Can Bitcoin replace the role of paper money in the future?
I don't know why people keep thinking this, yes we know that fiat currency has the devaluation effect due to inflation but I really don't see Bitcoin replacing Fiat money and this is not to say it can't happen but I don't see it for now. When you look at everything that surrounds cryptocurrency, you would understand that that will not give room for what we currently have where a countries economy is seen as strong because of its monetary policy and crypto takes that away. Which world power country will allow that to happen to their economy?
-
Bitcoin will definitely not replace paper money, because they are paper money, but I think it will soon replace payment systems based on "bank cards", because blockchain is the future, which really solves a number of problems with the payment system.
-
Can Bitcoin replace the role of paper money in the future?
Yes, It can..
Bit I think It will take along years again, not easy to change teh habbits.
The government also didnt accept bitcoin yet
There are many negative isssue
-
Can Bitcoin replace the role of paper money in the future?
Yes, It can..
Bit I think It will take along years again, not easy to change teh habbits.
The government also didnt accept bitcoin yet
There are many negative isssue
This will never happen. Not a single decentralized currency, including bitcoin, can replace the national currency of developed countries, in particular, replace their paper money. For this to happen, an appropriate decision is required from the legislative and executive authorities of the state. And they will never make such a decision, since the cryptocurrency is not capable of this and their national currency is closely related to the country's economy. And a significant part of the country's population will always be against such a decision.
-
Bitcoin will not completely replace Paper Money or FIAT currency, although Bitcoin is a currency with a high value and has many advantages when compared to FIAT. The FIAT currency of each country has a different value from one country to another, it is impossible for poor and developed countries to use currencies with the same exchange rate. This is my reason why Bitcoin will be difficult to replace FIAT, But Bitcoin will still exist because most people use Bitcoin as an Investment.
-
I don’t see Bitcoin taking over paper money entirely but with time, they can go far as a means of exchange. That’s why it best to get involved in the crypto market and not only that, to also be involved in solid projects as soon enough, some tokens will be very vital for exchange
To identify a solid project, you have to check out it’s features, it’s not just pump or dump or meme coins. Just like Bitay exchange, I identify them as a very solid project. Their exchange tells a lot about how good the project is and soon enough, they look like the exchange that will surely take over and become a new normal.
What makes them actually stand out is how they made trading easy in the sense that they help in enlightenment while trading to give the best trading experience. They’ve also got NFTs, P2Es, watch to earn and the best part is their academy.
Get involved!
-
Can Bitcoin replace the role of paper money in the future?
Unless there’s a way that we can transact Bitcoin offline or without the need of the internet, I can say that it “might” replace but still we should be dependent on a mobile device to make it happen. Even if there’s a way to transact Bitcoin using Bluetooth or sattellite in the near future (call me crazy), it’s still not enough to be a substitute for paper money or physical coins.
-
Can Bitcoin replace the role of paper money in the future?
By seeing the current condition , I think It seems difficult because not all countries allow bitcoin, although at several countries has been banned. It will take several years again.
-
I really don't see why we are thinking that Bitcoin will replace paper money someday. Until every Government has decided that they no longer want to take control of their Economy, say the US Government no longer care about their economy being the biggest in the world, of China and the rest of the World powers no longer care about their Economy then crypto/Bitcoin will replace paper money but until then, forget about it whether we have all the stable internet/coverage in the world.
-
Can Bitcoin replace the role of paper money in the future?
I am not a religious person, but I remembered in some of the chapter books in the Bible named Revelation there's a verse over this chapter saying that before end of the word money will no longer be useful at all, so possible Bitcoin or digital currency is the one replacement for it I think. But not so sure, this is just my assessment only.
-
Can Bitcoin replace the role of paper money in the future?
I am not a religious person, but I remembered in some of the chapter books in the Bible named Revelation there's a verse over this chapter saying that before end of the word money will no longer be useful at all, so possible Bitcoin or digital currency is the one replacement for it I think. But not so sure, this is just my assessment only.
It is unlikely that any developed state will switch to cryptocurrency as an official means of payment. After all, they will not be able to manage the release of assets, that is, print funds. But digital is easy. This is the same paper money, only digitized with the same capabilities as paper money.
-
THERE IS NO COMPARISON BETWEEN BTC AND PAPER MONEY AS BTC CAN BE USED AT ANY DIGITAL PLATFORM BUT PAPER MONEY CANNOT BE USED DIGITALLY ANYWHERE.
-
Bitcoin will definitely grow bigger but it won’t be able to replace paper money but will rather be as another strong means of payment as paper money will still be very relevant.
However, it’s still very important to take advantage of fast growing and potential filled projects at this point like Bitay. Bitay exchange is one exchange I will always use. I haven’t experienced trading so simplified from other trading platforms.
They look to accelerate the growth and proliferation of the cryptocurrency ecosystem with a wide range of intuitive, accessible and efficient solutions that are geared towards real life adoption.
They are also involved in NFTs and you can as well be one of their pioneers
-
Can Bitcoin replace the role of paper money in the future?
By seeing the current condition , I think It seems difficult because not all countries allow bitcoin, although at several countries has been banned. It will take several years again.
Only other physical money can replace paper money. Perhaps the states will come up with something so that they do not deteriorate so quickly. After all, they wear out very quickly and need to be changed every 2-3 years. Also, during the coronavirus pandemic, another drawback was revealed: they were carriers of this disease. But in general, I don't see any alternatives to them yet. Paper money will continue to exist.
The opinion that bitcoin can replace them is generally absurd. These financial assets are generally not capable of replacing each other.
-
Yes that the purpose of Bitcoin when it was created but for that come true, Bitcoin need more stable and development more
Bitcoin was not created to replace fiat, including the replacement of government paper money. It was created as an alternative to fiat, but not a replacement. And Bitcoin or any other cryptocurrency has no way to do this. Indeed, in order to replace the national money of states, the decision of the relevant state bodies is needed. And this will never happen. States under no circumstances will not give up their national money.
-
I doubt if Bitcoin can substitute paper money. Bitcoin is decentralized digital money and own by no organisations or governments. Paper money is own and printed by government of deferent nations. Bitcoin is own only computer devices while paper money( faits) is handled or own physically.
in a not shell, Bitcoin may not substitute paper money, a least, not in the next 10 years time.
-
Can Bitcoin replace the role of paper money in the future?
I think It is difficult to happen.
Bitcoin will never replace paper money
Because the government will keep their fiat money.
It's the fact
-
Can Bitcoin replace the role of paper money in the future?
NO
This world has Fiat that is regulated by the government and also world bank. There are complicated process and also parties around fiat and bank systems in the world. Thye will no let Bitcoin to replace fiat. Btw, Bitcoin can be one of the accepetd currencies, but not for replacing. This is my opinion
-
NO
This world has Fiat that is regulated by the government and also world bank. There are complicated process and also parties around fiat and bank systems in the world. Thye will no let Bitcoin to replace fiat. Btw, Bitcoin can be one of the accepetd currencies, but not for replacing. This is my opinion
Indeed, it is very impossible if you have to replace currency, because if the payment instrument uses bitcoin then the state of the country can refer to depending on the BTC price (possibly). This is what I don't want, because as we all know price fluctuations are the main factor.
-
Despite the capabilities of Bitcoin in being decentralized and gives full custody and freedom to users like us, it won’t be likely a paper money substitute.
First of all, Bitcoin’s price is subject to volatility and it can go up or down without warning. Even if El Salvador and Central African Republic have made Bitcoin a legal tender, it’s just being treated like an alternative payment option only for buying goods and services and not as the main option.
Sorry but it’s unlikely for this to happen on Bitcoin becoming a paper money substitute.
-
Can Bitcoin replace the role of paper money in the future?
Yes, It can..
Bit I think It will take along years again, not easy to change teh habbits.
The government also didnt accept bitcoin yet
There are many negative isssue
This is absolutely out of the question. A decentralized cryptocurrency will never replace government paper money. Cryptocurrency is simply not capable of this from any side. In such a situation, the state simply will not be able to plan and control its economy. There will be total chaos. Cryptocurrency can successfully work as a parallel means of payment, but replacing the national currency, especially paper, is nothing more than a fantasy.
-
According to me it is not possible. Not in the present time. Yes, we can imagine for the future. But after a long time, that's because bitcoin is a digital currency. And paper money is the currency of every country. One who follows the rule of law.
-
Bitcoin is a very high growth coin in a very short time. Most of the people like bitcoin. Bitcoin is spreading its roots all over the world, rapidly. Looking at all this I think. That in the future bitcoin will take the form of paper money.
-
Can Bitcoin replace the role of paper money in the future?
No, I don't believe it will happen.
Bitcoin is digital assets and always unstable.
Bitcoin is no high volatile.
I think It's not suitable to replace paper money
-
Can Bitcoin replace the role of paper money in the future?
By seeing the bitcoin progress, I think bitcoin has potential to be.
But many government against bitcoin, I think It's the reason why it will be impossible to happen
Bitcoin will never be substitute for paper money
-
Bitcoin is digital asset but has potential to be payment method, maybe could be substitute for paper money at the coming future when the government allow and accept bitcoin as payment method.
Hopefully it will happen soon.
-
Bitcoin is digital asset but has potential to be payment method, maybe could be substitute for paper money at the coming future when the government allow and accept bitcoin as payment method.
Hopefully it will happen soon.
I don't believe bitcoin will be substitute for paper money.
I think it seems difficult because bitcoin is high volatile and anonymous.
I believe the government will never allow it.
-
Nowadays digital currency has gained a lot of popularity all over the world. And more people use virtual currency than paper currency. They believe virtual currency is much better and hassle free than paper currency. So all the experts think that in the future there will be no paper currency in the world and all will become digital currency.
-
It's hard to tell the truth, the government doesn't want Fiat money to disappear because they can easily regulate it, for Bitcoin I don't think it can be replaced with paper money, because it is almost the same as gold and money, the two cannot be separated.
-
Can Bitcoin replace the role of paper money in the future?
No It won't be. I don't believe bitcoin will replace the role of paper Money at the coming future..
Because I see crypto currency is unstable and I think It's difficult to be substitute for paper money.
-
Virtual world has become one of the most popular trusts among people currently. Because in this digital world, virtual currency transactions have started in almost all countries. Due to which people are currently mostly leaning towards virtual currency. Experts believe that in the future there will be no paper money and all transactions will be done through virtual.
-
Bitcoin fundamentally different from a fiat currency, which is backed by the full faith and credit of its government.BTC to replace paper money will takes a long time and a prolonged war with governments.
Bitcoin will never be able to replace paper money. This is excluded in principle, because this process requires certain actions of the state and its government. And the state and its structural bodies will never agree to this, because bitcoin cannot, due to its decentralized nature, serve the economy of the state. States in their current form will cease to exist if they allow cryptocurrencies to function in place of their fiat. Therefore, this is simply impossible.
-
And here bitcoin and the replacement of paper money, money has long been replaced by banks with electronic cards, all before bitcoin began its development. Bitcoin is like an alternative to the banking system.
-
Can Bitcoin replace the role of paper money in the future?
TBH, I don't believe bitcoin will be substitute for paper money, maybe if the government accept and legalize bitcoin, it could be.
although bitcoin has potential become substitute for paper money,
So let's see at the next several years again.
-
Can Bitcoin replace the role of paper money in the future?
Good question, I think but we should know there are many government still refuse and ban bitcoin and crypto currency.
So, I think bitcoin won't be a substitute for paper money.
It's impossible to happen, for the next few years.
-
They each play a unique role. Bitcoin is a digital currency, and paper money is the currency of every law-abiding country. It is unlikely to be a substitute for paper money. Bitcoin's price is volatile, and it can rise or fall without warning. It is only used as an alternative payment method for purchasing goods and services, not as the primary method.
-
Bitcoin cannot replace paper money or fiat money. And if ever possible, then some printed medium of Bitcoin will come. Because many people in the world have not yet reached the Internet. They don't know Bitcoin yet. Only Bitcoin can replace paper money when every person in the world is educated, has internet access.
-
Can Bitcoin replace the role of paper money in the future?
It will never happen if they government didn't allow bitcoin as payment methods.
Bitcoin is bitcoin, digital asset.
it will never replace paper money.
But let's see at the paperless era .
Maybe it would be
-
Can Bitcoin replace the role of paper money in the future?
TBH, I don't believe bitcoin will be substitute for paper money, maybe if the government accept and legalize bitcoin, it could be.
although bitcoin has potential become substitute for paper money,
So let's see at the next several years again.
And in a few years, and in a few decades, and maybe more, the situation with cryptocurrency and paper money will not change. The fact is that these are completely different financial assets and they do not directly affect each other. Bitcoin and other cryptocurrencies cannot even theoretically displace cash. Cash is entirely dependent on the actions of the state and their authorized bodies. In some cases, they are the simplest and most reliable method of payment and do not depend on the availability of any technical means and the Internet.
-
Can Bitcoin replace the role of paper money in the future?
TBH, I don't believe bitcoin will be substitute for paper money, maybe if the government accept and legalize bitcoin, it could be.
although bitcoin has potential become substitute for paper money,
So let's see at the next several years again.
And in a few years, and in a few decades, and maybe more, the situation with cryptocurrency and paper money will not change. The fact is that these are completely different financial assets and they do not directly affect each other. Bitcoin and other cryptocurrencies cannot even theoretically displace cash. Cash is entirely dependent on the actions of the state and their authorized bodies. In some cases, they are the simplest and most reliable method of payment and do not depend on the availability of any technical means and the Internet.
I agree with you, cryptocurrency will never replace paper money, cryptocurrency - basically now acts as a speculative component, but in no way for our everyday transactions or purchases in supermarkets, it cannot be regulated by 100%, so it will never replace paper money, especially in in the nearest future. It will always remain as an alternative to paper money.
-
I agree with you, cryptocurrency will never replace paper money, cryptocurrency - basically now acts as a speculative component, but in no way for our everyday transactions or purchases in supermarkets, it cannot be regulated by 100%, so it will never replace paper money, especially in in the nearest future. It will always remain as an alternative to paper money.
Paper money and cryptocurrency can never be one, both have very different physical, cryptocurrency has dependence and there must always be electricity along with the internet, you will never imagine how when that happens and all your assets are in cryptocurrency, can you use it? ? it should take into consideration the assets in cryptocurrency.
-
I agree with you, cryptocurrency will never replace paper money, cryptocurrency - basically now acts as a speculative component, but in no way for our everyday transactions or purchases in supermarkets, it cannot be regulated by 100%, so it will never replace paper money, especially in in the nearest future. It will always remain as an alternative to paper money.
Paper money and cryptocurrency can never be one, both have very different physical, cryptocurrency has dependence and there must always be electricity along with the internet, you will never imagine how when that happens and all your assets are in cryptocurrency, can you use it? ? it should take into consideration the assets in cryptocurrency.
For now, we know we only do online transaction in crypto currency, but maybe at the coming future we can do offline.
But It's just imagination.
There is no vision to be there.
Bitcoin and altcoin will be substitute paper money, if digital era comes.
-
perhaps in a more or less distant future it will become the substitute for fiat at the moment bitcoin is a valid alternative to fiat and an alternative to gold as a safe haven asset
-
If bitcoin replaces paper money in any country, it is simply impossible to replace paper money in any country. You can do how to reduce them in use today, but the time will come as there is more cash in Ukraine now.
-
Can Bitcoin replace the role of paper money in the future?
I agree with the opinions that said bitcoin will replace paper money when digital era comes.
But we didn't know when will happen.
But I have confidential It will happen at the coming future.
No worries about this condition, we all see the bearish but it's temporary.
We will see the bullish soon.
-
Bitcoin cannot replace paper money completely but it can reduce the use of paper money in some places. For example paying the bill of pizza, coffee etc through Bitcoin. Some countries are now considering accepting Bitcoin as a means of payment for their businesses. In this way, the field of Bitcoin will expand in the future.
-
Can Bitcoin replace the role of paper money in the future?
Of course bitcoin is the currency of future in many countries the placement of bitcoin ATM is a proof and its decentralized nature makes it one of the best option ,
-
I am new to the form but as far as I know Bitcoin is a virtual currency and what impact it may have in the future I will ask the seniors' 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
-
I am new to the form but as far as I know Bitcoin is a virtual currency and what impact it may have in the future I will ask the seniors' 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
Bitcoin cannot replace either fiat in general or the paper money of states. It is by nature not designed for this. In addition, for this to happen, it is necessary that the state and its government want it, and this will never happen. The economies of states cannot rely on a currency that changes in value every second and which they cannot control and manage. And high price volatility is an integral attribute of the decentralized cryptocurrency market.