Post
Topic
Board Economics
Re: Bitcoin replaces the money? Could happen?
by
Jmild1
on 15/07/2016, 15:55:35 UTC
i think it cannot happen, because bitcoins is a digital amount, while money was a daily currency needs in exchange of items, also used for payment example payment for transportation and some people had no bitcoins, in additional we need a deep learnings how to improve bitcoins to achieve it. goodluck to us., Grin Grin Grin Grin

Even if bitcoin would improve and be famous, money will still be money, it is much more convenient to use money in real life.. Bitcoin is good in online use, but I don't think that it could beat money in real life use. So, I think, NO, it can't change money but could possibly be a substitute in online transaction instead of linking your cards..
exactly right, not one currency can replace fiat money even 1000 year more than now, we still use fiat money because fiat is under control by government.
That is true that no cryptocurrency can replaced money its because bitcoin is not a legal currency it is digital currency which we can not hold physically that money and we can not spend it for our daily needs while money are always available to spend if you have and all store accepting fiat than bitcoin as their form of payment.
Bitcoin is a legal currency globally. It is the countries choice if he want to restrict bitcoin or not. After all, usage of bitcoin is more convenient in first world countries since technology is widely use in their place. This is not yet advisable in third world countries.