Post
Topic
Board Bitcoin Discussion
Re: Could Bitcoin ever replace conventional money?
by
almuchtara12
on 12/02/2018, 03:19:05 UTC
Bitcoin's virtual currency has treble value, because the financial crisis in Cyprus and beyond rid of consumer confidence in traditional banks.
Bitcoin is obtained online via the internet, by completing difficult computational tasks, and exchanging information directly, bypassing the bank. Because they are stateless, they can not be taxed, frozen or easily known.
I personally do not think that bitcoin can change money someday because there is a central government that already exists.