Re: Do You Think Bitcoin Will Replace Dollar Soon?
I’m not sure, bitcoin will not be able to replace the dollar as a currency. Moreover, the dollar is used in nearly all countries in the world. While bitcoin, in some countries rejected ..
Yes. You are right, the governments of some countries are very hostile to bitcoins. But I want to believe that they will change their attitude to the cryptocurrency. But the fact that bitcoin will replace the dollar is still too early to say
i think that it is also a good news that the government is now changing their attitude about bitcoin, they have now start thinking about bitcoin how to turn bitcoin as legal currency and hope that very soon we are going to hear the new about the news that government have consider bitcoin as legal currency of the world and now people can use bitcoin as legal currency.
Even with the positive view of other country to bitcoin, it will never replace dollar anytime soon. Even the etf were not approved by SEC, what more being an official currency of one country. bitcoin is always best being an alternative currency to USD.
Well, you are right about that. I mean, people already use dollar currency since long time ago and bitcoin is not popular as dollar. I think it’s hard for bitcoin to replace dollar, people need to know what and how is bitcoin works to get accepted by people and bitcoin don’t have a physical unit like paper or coin.
It is not just hard but impossible to happen. Within its lifetime bitcoin could not replace dollars or any of the fiat currency. The basic reason is that the government will not allow it since bitcoin is out of their control and the second is that even if they will adopt bitcoins the total number of bitcoins in the circulation cannot cope up with the actual number of fiat currency in the entire world in circulation.
If you are talking about the whole fiat currency then you are right that it is impossible for bitcoin to replace it because of lacks of supply but in my opinion, it is possible for bitcoin to replace one currency in one country because it has enough supply for them and it is not that hard but so easy to use rather than their fiat.
No, Do you do a research before giving a conclusion about the limitations of bitcoin to be the secondary of fiat currency caused by lack of supply. If the price of bitcoin worth a lot in the future and every satoshi will worth a dollar and that’s really enough.
The supply is not the important reason for bitcoin can’t be substitution of fiat currency.
There are several different types of bitcoin clients. Server-assisted clients like blockchain.info rely on centralized servers to do their network verification for them. Although the server can’t steal the client’s bitcoins directly, it can easily execute double-spending-style attacks against the client.
Advertised sites are not endorsed by the bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Member Offline
Activity: 83
No and it won’t be. Because in terms of supply, bitcoin is limited and also the government, do you think that they will allow it? no, bitcoin is so decentralized even the government can’t control it. Government have a power and bitcoin does not.
I’m not sure, bitcoin will not be able to replace the dollar as a currency. Moreover, the dollar is used in nearly all countries in the world. While bitcoin, in some countries rejected ..
Yes. You are right, the governments of some countries are very hostile to bitcoins. But I want to believe that they will change their attitude to the cryptocurrency. But the fact that bitcoin will replace the dollar is still too early to say
i think that it is also a good news that the government is now changing their attitude about bitcoin, they have now start thinking about bitcoin how to turn bitcoin as legal currency and hope that very soon we are going to hear the new about the news that government have consider bitcoin as legal currency of the world and now people can use bitcoin as legal currency.
Even with the positive view of other country to bitcoin, it will never replace dollar anytime soon. Even the etf were not approved by SEC, what more being an official currency of one country. bitcoin is always best being an alternative currency to USD.
Well, you are right about that. I mean, people already use dollar currency since long time ago and bitcoin is not popular as dollar. I think it’s hard for bitcoin to replace dollar, people need to know what and how is bitcoin works to get accepted by people and bitcoin don’t have a physical unit like paper or coin.
It is not just hard but impossible to happen. Within its lifetime bitcoin could not replace dollars or any of the fiat currency. The basic reason is that the government will not allow it since bitcoin is out of their control and the second is that even if they will adopt bitcoins the total number of bitcoins in the circulation cannot cope up with the actual number of fiat currency in the entire world in circulation.
If you are talking about the whole fiat currency then you are right that it is impossible for bitcoin to replace it because of lacks of supply but in my opinion, it is possible for bitcoin to replace one currency in one country because it has enough supply for them and it is not that hard but so easy to use rather than their fiat.
No, Do you do a research before giving a conclusion about the limitations of bitcoin to be the secondary of fiat currency caused by lack of supply. If the price of bitcoin worth a lot in the future and every satoshi will worth a dollar and that’s really enough.
The supply is not the important reason for bitcoin can’t be substitution of fiat currency.
Lol you’re ridiculous 1bitcoin is worth 100million dollars? No that would never happen if that would happen, it could be result to world economic crisis.
Jr. Member Offline
Activity: 40
I’m not sure, bitcoin will not be able to replace the dollar as a currency. Moreover, the dollar is used in nearly all countries in the world. While bitcoin, in some countries rejected ..
Yes. You are right, the governments of some countries are very hostile to bitcoins. But I want to believe that they will change their attitude to the cryptocurrency. But the fact that bitcoin will replace the dollar is still too early to say
i think that it is also a good news that the government is now changing their attitude about bitcoin, they have now start thinking about bitcoin how to turn bitcoin as legal currency and hope that very soon we are going to hear the new about the news that government have consider bitcoin as legal currency of the world and now people can use bitcoin as legal currency.
Even with the positive view of other country to bitcoin, it will never replace dollar anytime soon. Even the etf were not approved by SEC, what more being an official currency of one country. bitcoin is always best being an alternative currency to USD.
Well, you are right about that. I mean, people already use dollar currency since long time ago and bitcoin is not popular as dollar. I think it’s hard for bitcoin to replace dollar, people need to know what and how is bitcoin works to get accepted by people and bitcoin don’t have a physical unit like paper or coin.
It is not just hard but impossible to happen. Within its lifetime bitcoin could not replace dollars or any of the fiat currency. The basic reason is that the government will not allow it since bitcoin is out of their control and the second is that even if they will adopt bitcoins the total number of bitcoins in the circulation cannot cope up with the actual number of fiat currency in the entire world in circulation.
If you are talking about the whole fiat currency then you are right that it is impossible for bitcoin to replace it because of lacks of supply but in my opinion, it is possible for bitcoin to replace one currency in one country because it has enough supply for them and it is not that hard but so easy to use rather than their fiat.
No, Do you do a research before giving a conclusion about the limitations of bitcoin to be the secondary of fiat currency caused by lack of supply. If the price of bitcoin worth a lot in the future and every satoshi will worth a dollar and that’s really enough.
The supply is not the important reason for bitcoin can’t be substitution of fiat currency.
Unless if that country is poor then bitcoin will be able to replace the currency in that country but unfortunately knowledge with the technology is needed which in fact is not that widely known with those countries. The point is it is impossible because bitcoin is nothing compared to dollar. It is of great superiority that dollar is.
Newbie Offline
Activity: 27
bitcoin or something like it will replace it soon, yes.
Newbie Offline
Activity: 27
bitcoin is not a fiat so bitcoin wont replace dollar bitcoin is a decentralized currency that’s the reason why and also the government wont let that happen because when the bitcoin replace the dollar there must be no tax because that’s how the bitcoin system work in order to evade taxes am i right? correct me if im wrong .
I’m not sure if I understand what you mean.
Blockchain technology can be used against corruption and to make governments more transparent.
Member Offline
Activity: 70
Why not. Is it truth that Japan legalize bitcoin as official currency week or two weeks ago? Also, Amsterdam has a bitcoin Bulevard, project that signed by dozen merchants to accept bitcoin. So, the future is here, we are on it`s beginning but soon enough, it`s going to replace not just dollar, but all currencies. Don`t know if that is good or bad for us mortals. Future will tell… And the government, they will find the way to protect themselves and even profit and put under their control, like they always do.
First, Japan does not recognize bitcoin as currency. They’re only going to accept bitcoin as means of payment. It’s a little different. Second, the government never let go of their hands the ability to control finances. This will mean a loss of control over the economy and the collapse of the state. Who’s ready to go?
Newbie Offline
Activity: 23
Dollar will still be dollar and bitcoin will still be bitcoin. There is no chance for bitcoin to change dollar or even replace it because if you are on your mind you can realize that dollar is so damn powerful and its government. You can’t beat a currency that in the world since our great great grandparents.
Newbie Online
Activity: 14
Why not. Is it truth that Japan legalize bitcoin as official currency week or two weeks ago? Also, Amsterdam has a bitcoin Bulevard, project that signed by dozen merchants to accept bitcoin. So, the future is here, we are on it`s beginning but soon enough, it`s going to replace not just dollar, but all currencies. Don`t know if that is good or bad for us mortals. Future will tell… And the government, they will find the way to protect themselves and even profit and put under their control, like they always do.
First, Japan does not recognize bitcoin as currency. They’re only going to accept bitcoin as means of payment. It’s a little different. Second, the government never let go of their hands the ability to control finances. This will mean a loss of control over the economy and the collapse of the state. Who’s ready to go?
You’re right. The government will never give freedom to the Cryptocurrency. It will always try to control bitcoin. Some countries generally prohibit cryptocurrency.
Published at Sat, 15 Apr 2017 21:06:10 +0000
[wpr5_ebay kw=”bitcoin” num=”1″ ebcat=”” cid=”5338043562″ lang=”en-US” country=”0″ sort=”bestmatch”] By O’Reilly Conferences on 2015-01-27 17:56:40
Venezuela Reveals Petro Will Be an ERC-20 Token With a Private Presale Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. As previously reported by CCN, Venezuela is set to […]
Top-7 Best Performing Cryptocurrencies of April Apr 30, 2019 at 14:16 // News This month started with a major rebound of the market, the bitcoin price rose nearly 20% over an hour. Most altcoins followed […]
