Post
Topic
Board Bitcoin Discussion
Re: Could Bitcoin ever replace conventional money?
by
micher143
on 17/01/2018, 09:03:42 UTC
No, I think that it can't. It could be used along with traditional money but it can't entirely replace it. Unfortunately bitcoin has to many issues, weeknesses and characteristics that don't allow it to be fully used and implemented in traditional financial system. Volatility is just one of them.
I agree that volatility of Bitcoin is one of the major concerned if people want to implement a system of transaction with the used or Bitcoin or any other form of cryptocurrency. I think the system of cryptocurrency currency is much more aligned to form an investment or a form of trading for people to earn rather than to be used on transactions but I do not disagree on the idea of having a Bitcoin on a daily base transaction because actually it is a good thing having a digital currency on transaction.