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Author Topic: Can bitcoin replace money?  (Read 8829 times)

Offline Lucky Stone

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Re: Can bitcoin replace money?
« Reply #75 on: September 25, 2018, 02:56:38 PM »
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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Re: Can bitcoin replace money?
« Reply #75 on: September 25, 2018, 02:56:38 PM »

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Re: Can bitcoin replace money?
« Reply #76 on: September 25, 2018, 03:15:39 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?

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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Re: Can bitcoin replace money?
« Reply #77 on: September 25, 2018, 03:56:37 PM »
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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Re: Can bitcoin replace money?
« Reply #78 on: September 27, 2018, 01:16:06 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 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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Offline agusiska

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Re: Can bitcoin replace money?
« Reply #79 on: September 27, 2018, 01:58:09 PM »
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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Re: Can bitcoin replace money?
« Reply #80 on: September 27, 2018, 04:05:16 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?

Bitcoin is decentralize platform. It will be dominate at the future. I think bitcoin will replace money. Lets see.

Offline Cheratu Mesir

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Re: Can bitcoin replace money?
« Reply #81 on: September 27, 2018, 05:02:36 PM »
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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Re: Can bitcoin replace money?
« Reply #81 on: September 27, 2018, 05:02:36 PM »


Offline Cold_Zero

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Re: Can bitcoin replace money?
« Reply #82 on: September 28, 2018, 03:57:31 AM »
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.

Offline bityndye

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Re: Can bitcoin replace money?
« Reply #83 on: September 28, 2018, 04:25:46 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 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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Re: Can bitcoin replace money?
« Reply #84 on: September 28, 2018, 04:42:41 AM »
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

Offline Davidniam55

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Re: Can bitcoin replace money?
« Reply #85 on: September 28, 2018, 05:02:10 AM »
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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Offline btcdeger

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Re: Can bitcoin replace money?
« Reply #86 on: September 28, 2018, 05:13:02 AM »
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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Re: Can bitcoin replace money?
« Reply #87 on: September 28, 2018, 05:53:25 AM »
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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Re: Can bitcoin replace money?
« Reply #88 on: September 28, 2018, 06:19:09 AM »
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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Offline Kadal Mesir

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Re: Can bitcoin replace money?
« Reply #89 on: September 28, 2018, 09:38:51 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 difficult, because every government keep their fiat currency. I think It will take several years bitcoin can replace money.

 

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