Post
Topic
Board Bitcoin Discussion
Re: Could Bitcoin ever replace conventional money?
by
setupbounds
on 11/08/2017, 05:38:20 UTC
No, because bitcoin isn't prepared to be used as conventional money. Bitcoin transactions take too much time to be approved and in daily life we need to confirm our transactions instantly, otherwise it's inviable for us.
Bitcoin isn't being used to pay cheap items too, it's a big problem to adopt the currency to replace conventional money.
I think it is a conventional money because the people who know little bit about bitcoin are joining bitcoin. Business in bitcoin is growing day by day, it is therefore, price of bitcoin is also increasing. Japan has legalized and many other countries are in process and business is also trustful. People have earned money and become rich so how can we say that bitcoin is not conventional yet.