Quote from: halych on October 24, 2016, 09:07:15 AM

Quote from: utkarshm on October 24, 2016, 07:20:29 AM

Quote from: goldcoinminer on October 24, 2016, 07:12:29 AM

Quote from: rickbig41 on October 24, 2016, 03:20:33 AM

Quote from: SmirnoffVany on October 23, 2016, 09:04:47 PM

In the near future, predicting that humanity refuses to cash. And it already means that all financial transactions will take place in a digital format.

As other post say, it would still be cash in digital form, remember that money is legal and was issued by the government to its people so I think even in years to come it will still be the same, although there might be a digital form of it just like in cards in ATMs and credit cards... But never bitcoin, it cannot replace money unless otherwise the government own the bitcoin...

But the question is, how would bitcoin will replace money when bitcoin itself is not regulated, I think that is impossible also as the value of bitcoin is based on the fiat most certainly USD. That is a little complicated but let us not complicate things as it will never happen bitcoin will be the mainstream currency in the world.

I think the question should be actually can bitcoin replace the fiat because bitcoin is also a money.But that too can never actually happen.Yes right that we value bitcoin just becaue of its value in fiat or USD also bitcoins is a virtual currency and in no way its possible for it to replace the fiat money.

I also believe that Bitcoin is not to replace the dollar. He will remain in place and will be an alternative currency. He will have to function and it will be used if necessary to carry out anonymous payments

Indeed. Even if it becomes stronger in the future, it would still be fiat as people are so used to holding money in their hands. Also,as stated above, it would depend if governments would accept bitcoin use as it would be much easier for them to control fiat currency