Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin supersedes Cash in the near future?
by
Osarman
on 20/08/2017, 10:43:42 UTC
Being the first digital currency to really establish deep and firmly in the market. Do you think in the near future Bitcoin will dominate our current currency?
There were a lot of people asking questions like yours and the answer for them was: no. No matter how btc future growth and development can not replace cash. Crypto systems are just digital coin, which is based on the web and transactional systems, and can not replace the role of cash in life services. The implementation of a btc transaction today can be said to be very fast but the fee per transaction is quite high, which is difficult to accept when btc is widely used daily as cash.
I heard you now I would like you to take a deeper look. First, the transaction fees are high but in small ones. Bitcoin was created for large transactions only and fees are not high in this case. Nobody knew that it will have this much users who want it for daily life payments. Once, the fees are reduced and cheap then it is also possible that it will dominate cash one day.