Quote from: Kuchiyose on March 20, 2018, 01:08:09 PM

Quote from: sgenuine on March 20, 2018, 11:50:50 AM

Quote from: Parazyd on December 23, 2015, 02:54:15 PM

Yes, got you intrigued, didn't it?

Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.
Take paying a cup of coffee for example. To pay your coffee with bitcoins, one must get bitcoins first, either by mining or buying bitcoins with other kinds of money (*cough*fiat*cough). It ends up being a quite complicated process, don't you think?
Until we reach the point where paying for a cup of coffee is as easy with Bitcoin as it is with cash, we will never get mass adoption. And as far as I see it, there is no way of simplifying the acquiring of bitcoins.

I agree. Bitcoin will not be able to completely replace the usual money, because small purchases will be unprofitable to do with this coin. Perhaps other crypto-currencies with a lower commission for transactions can replace conventional money.

Bitcoin is much different from paper money because Bitcoin doesn't have a stable price like dollars and other banknotes.

- Thus, with a realistic look, bitcoin really can not replace the position of cash because want the transaction becomes more convenient and does not happen any problems, Bitcoin will need a fixed value and time to confirm the transaction needs to be faster. However, features of Bitcoin against that, stability is impossible when market demand and manipulation still exist with bitcoin, time to confirm the transaction is also difficult to improve in a short time, this takes a long time to develop, synthetic all, the possibility that bitcoin replaced fiat is too low