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
I'm curious what you might mean by "much more financially and environmentally friendly"
Care to explain? I particularly interested about the financial part since environmentally Bitcoin simply cannot be friendly in any way possible (remember paper money is made from cotton, not from trees). Unless we move to some other form of mining which doesn't require as much as energy (and consequently doesn't produce as much heat), the current system is completely unsustainable if Bitcoin is going to expand in the future. In other words, if it were on par with major currencies (in terms of transactions processed daily), it would likely require the amount of electricity produced by all power stations in the world which would make the oceans turn to deserts. I don't really know how that can be considered as "environmentally friendly"