Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.
I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.
I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.
No you do not understand the reality as the reality is that bitcoin is already a form of money and it is taking the place of money and will replace the fiat with itself on many places of the world financial system as it is already doing on online world. Like it have replaced paypal from a large number of companies on internet.
I think bitcoin is not yet ready to replace fiat. But I would agree that the influence of bitcoin is undeniable. The digital currency of the possible future is much more financially and environmentally friendly.While it may not replace physical currency entirely, it could easily lead the way for an interesting hybrid arrangement where printed currency coexists peacefully with physical currency.
That's true that bitcoin is not ready for fiat replacement. yes, it appeared many programms in ordinary stores which allow to pay for goods with bitcoins directly, but I heard the fees are just grabby. That can't help to bitcoin to become mass adopted. This compaines who suggest such services and such fees just want to makew money and I understand that, but in fact bitcoin users just stay with basic form of bitcoin convertation through online exchangers and bitcoin stays unknown.