Quote from: Hatuferu on May 30, 2016, 12:36:38 AM

Quote from: stromma44 on May 29, 2016, 08:04:34 PM

Quote from: richardsNY on May 29, 2016, 07:43:28 PM

Quote from: lexuz on May 29, 2016, 06:24:26 PM

Quote from: 23dzmaz on May 28, 2016, 12:49:52 PM

Bitcoin will never replace fiat. Bitcoin have their own target and it's digital currencies. If bitcoin have physical unit like fiat, maybe bitcoin can replace it.

Bitcoin never replace fiat money even bitcoin have physical unit like fiat, the problem is which countries would adopt bitcoin to replace their own currencies.

I agree with the fact that Bitcoin will never be able to replace fiat but Bitcoin in physical form as you are saying can only be spent if you are connected with internet. Fiat money in physical form can get spent anywhere without the need of an internet connection. These are very important differences.

Normal users who are not aware about internet and technology will continue to use fiat as they are not aware it won't make any difference to them even if the price of bitcoin reaches to the moon.

Its true so bitcoin will not replace fiat, although I believe bitcoins will be widely use and adopted in the near future because of its good benefits to the users but it will never replace fiat.

It will take some time for the bitcoin or other digital currency to be the main usage for the function as a currency.