Post
Topic
Board Economics
Re: Bitcoin replaces the money? Could happen?
by
Ryananda
on 31/08/2016, 11:30:04 UTC
Anything is possible, I'm not saying that bitcoin will replace some old currency, but in ideal conditions, something like that can happen I suppose.
I think bitcoin will always spread and grow. you do not be afraid if bitcoin not so well known in the world because it is the phase of the process of bitcoin. all need a process to reach the top level. including bitcoin. bitcoin they were 7 years old. would need more time to replace fiat money
Yes really bitcoin will grow better and I am sure there will be many people who started using bitcoin. Bitcoin will grow but it would not be able to replace the money. Although bitcoin grows money will not be replaced because money is the holder of the economic activity of a country that will not be replaced. Bitcoin only crypto so it is not possible to replace the money.

Agree, bitcoin is  just a crypto and cant  possible to replace fiat anytime soon because its been used on all economies of the world and also  bitcoin does rely on  fiat currency itself. BItcoin is a crypto currency and fiat is on physical world they are just different in some ways but both are very useful.
It is so funny that some people are thinking bitcoin can replace fiat, if they only know the total number of users of bitcoin then they will realize it is not possible, not even in the future. Currently, the users of bitcoin is not even 1% of the total population of the world.
If you say bitcoin users no more than 1% of the world population was wrong. I think bitcoin users now have grown dam may be around 12%. It is still a small number, but I'm sure to increase. But you really can not replace the bitcoin money, because money is needed by many people to deal directly. Although later bitcoin used as payment but the money still will be needed.