Quote from: avw1982 on December 26, 2015, 07:18:50 AM

Quote from: davinchi on December 26, 2015, 06:21:05 AM

Quote from: Bought on December 26, 2015, 03:12:16 AM

This could not happen, not every country is modernized enough to replace their currency for a virtual currency, this would not happen anytime soon, I do not think it will even ever happen.

But this virtual currency has the potential to turn users who are using their bank cards into using their bitcoin wallets. Yes the ration of bitcoin users will beat the traditional fiat users in near future for sure. The raising user bases and bitcoin adopting new merchants are some visible proof to that.

Replacement in the sense It will replace International transaction and this bitcoin will help more to common people who is not able pay to many taxes and other hidden charges. Instead of saving separate country banking system which have link International reserve banking system will get damage because of bitcoin transaction method. Thats why government is not allowing bitcoin.

I think Its good to save enough money to stand on so you will not be broke in the future. Imagine if 20 million people want to save 1 BTC for future spending, then we would only have 1 million BTC in circulation. I almost forgot about the BTC that has been destroyed so the number of BTC available for people to save and spend is less than 21 million total BTC. It is technically not possible to replace the U.S. dollar with Bitcoin