Quote from: BTCevo on June 07, 2015, 12:42:45 AM

Quote from: Amph on June 06, 2015, 01:24:58 PM

Quote from: BTCevo on June 05, 2015, 02:18:50 PM

Quote from: Amph on June 04, 2015, 02:53:03 PM

Quote from: BTCevo on June 04, 2015, 02:25:04 PM

Quote from: Amph on June 04, 2015, 06:22:11 AM

Quote from: Dotakels on June 04, 2015, 05:50:00 AM

Quote from: virtfund on June 04, 2015, 12:38:16 AM

IF btc becomes a reserve currency with the same status as.fiat currently does, it will take a LONG time. Revolutions don't happen.overnight.

It will not be a currency or as the same of fiat money because bitcoin is all about fiat money. If we replace or take over fiat money bitcoin will be useless.

not if it can detach itself, from that useless crap of printend money everyday, fiat is now needed to point a value for it, but in the future i'm sure bitcoin can work for itself, when the fully stability is achieved

How are they gonna work it in the future? People sure need fiat altough bitcoin is in a stable condition, they need to buy it then convert it to bitcoin too so with the stability of bitcoin, fiat is still needed they can't be detach each other. New people will still need to buy it anyway and sure its hard for use to get it from faucets so bitcoin and fiat must stick together in other to survive

i mean, it will work like any other currency, like you exchange euro with dollars if you need it, but then you don't need to buy back fiat, because bitcoin will be used directly for everything not just buying stuff online(we are talking about a very far away future, probably even beyond fully adoption), so fiat will only be needed to buy it

I think we can't do the same thing to bitcoin. Like you said euro and dollar you just need to exchange it easily because both of it is well known as a currency in this world mean while bitcoin is an unknown method of payment, people wont believe it anyway and they need change it back to fiat too after they lose their hope in bitcoin

if you read carefully, my post was pointing not at the current present, but at one distant future, for now bitcoin will remain simply what is it, but this will change for sure, if we will not face its death

Yes I know that you pointing about the future but that is too wide to say future. We dont know what future are you talking about. About 10 years or may be 20 years, no one will know it. And people need money everytime and they need to exchange it continously. For now this method is not good enough

it's not a method, it is just the possible evolution of bitcoin, a thing that wil come in the end, it does not matter when actually, every coin that can reach fully adoption, will be in the end, fully indipendednt too