Quote from: Dodoymabs on December 17, 2017, 01:38:26 AM

Quote from: Celebrity on December 17, 2017, 12:49:36 AM

Quote from: richardsNY on December 16, 2017, 10:36:04 PM

Quote from: annoying_tiger1 on December 16, 2017, 10:19:17 PM

When we begin paying our taxes out of BTC, that is the moment when it had become 'the next big thing'

Not really. Who on earth will use his precious coins to pay their by-government-created debt? And if I remember correctly, there is already a country where you can use Bitcoin to pay your due taxes up to a certain amount. If we go by your logic, it means that Bitcoin has been 'the next big thing' for quite some time already. Aside from all this, Bitcoin is already in progress to become the next best thing, and that's by people utilizing Bitcoin's technical aspects (e.g. currency aspect, store of value aspect, voting and proof of identity purposes, etc). The more people utilize Bitcoin, the more valuable it becomes, it's that simple.

Nice said. The idea behind is simple, the demand and its reaction by the market. If more demands creates which is now happenning, the price goes even faster. For the adoption, we need more people in bitcoin so that more people use it. And it won't replace fiat.

Just because it's holiday season and many btc holders are now using btc which in effect the reason why its in hyperinflation. It's true that btc is now in demand and probably it will be the next big thing but I doubt that it will replace fiat. Instead, it will help the economy become stronger.

I think that if we give it enough time, it's possible for crypto to replace fiat. For me, it just depends on how tech-dependent the world becomes. If we end up relying on tech for most of our lives and actions, then it makes sense for money to be controlled by technology as well. If it isn't bitcoin, I'd say that bitcoin is at least a stepping stone into something bigger to replace fiat within the next century or so. Probably not next year or even the next decade; that's a little too soon.