Quote from: kioicoin on January 31, 2018, 08:08:00 AM

Quote from: bytomboy1234 on January 30, 2018, 12:10:48 PM

Quote from: mininghubby on January 30, 2018, 09:43:44 AM

Quote from: Arumi.Bilqis on January 28, 2018, 05:59:42 PM

I think it's true bitcoin will be the currency of the future and will replace the paper money but it will happen because there are still many countries that do not let the bitcoin.

I don't think it is the future of money i think it is just a way of payment system. Although Its true that bitcoin price is really amazing amd many has started to use bitcoin because of its price. But it doesnt mean that bitcoin is our future currency, There is a possibility of banning of bitcoin in every state that can cause the fading of bitcoin.

I don't think fiat can be replaceable by crypto as a whole. It is impossible that bitcoin cover all the needs for money for the entire world because the amount in circulation of it or that can be produced in the future are very few. As such are insufficient to fulfill the need even for one country if this country is big and developed. Then the most important thing is that bitcoin cannot be controlled as a currency. No one country can accept this fact for its economy.

At present, the global volume of bitcoin transactions has reached more than 200,000 daily, and the number of merchants accepting bitcoin payments has reached hundreds of thousands and is growing rapidly. In some developed countries, the use of bitcoin alone can meet the needs of daily life. I believe in the near future, bitcoin will become the mainstream currency on the Internet.

In my country, the government has banned Bitcoin to use as payment method. I only know Korea and Japan is accepted Bitcoin and cryptocurrency for payment because they can create tax for businesses used cryptocurrency as payment method.