Quote from: seven4smoke on February 20, 2017, 06:25:33 AM

Quote from: chmod777 on February 20, 2017, 03:51:04 AM

Quote from: diegz on February 20, 2017, 03:18:03 AM

Quote from: chmod777 on February 20, 2017, 03:08:16 AM

I do not think bitcoin can destroy the banks. People do not change their habits easily. They also trust the bank too much. If the bitcoin starts to be used by a few billion people around the world, the banking system could end up.
But the states will not allow it. States always support systems they can control.

I think that's far from happening. Just imagine how many bitcoins are there, and if billions will be sharing it, then everyone will be getting a few thousands satoshi. It's not that the state wants something that they control, but it's all about the ease, and what's good for their economy. Bitcoin could help the economy, but as a currency of a certain country, it's hard to happen, but in banking, it is possible.

Yes it would be a dream to expect something like this for the next 5 years. But a country like Liberland has accepted bitcoin as its official currency. It would be funny to wait for developed countries to accept such a thing.
But with technology everything changes and changes very quickly. After 50 years, maybe bitcoin can be used by half of world population.
States may have accepted bitcoin. 50 years is enough time for such a thing to happen.

I used to generally skeptical of other people's opinions about what what the country can take as a basis the main bitcoin as a currency. Valid for the defeated countries, it is not necessary, as there are enough strong national currency. But poor countries, then they have nothing to lose.

The concept of power can change over time. Economic systems, ideological systems, beliefs and religious views have constantly changed throughout human history.
So it is not possible to know what will happen to monetary systems in the future. Everything can happen.