Quote from: zeaderza on July 28, 2018, 06:48:08 AM

Quote from: Btcmaeng18 on July 19, 2018, 11:42:16 AM

Quote from: crzy on June 15, 2018, 02:54:26 AM

Its possible but it make take decades before it happen. Bitcoin may increase its value but it will have a hard time to get in the main market around the world. Maybe the whole cryptocurrency can be a good alternaternative for a fiat money but it will never be the main currency I think. Our government will always find ways to protect fiat money, but a least cryptocurrency will be accepted around the world in the future.

Yes that's right. Bitcoin is very good and a big help for our future. It will also lower the rate of poor people in this world. It can also rise our economy.

That is right. Just recall the Solow growth model and we can say that even if all the factors of production are fully employed, we can improve the output by involving technology in the production process. Also the improvement and advancement of technology further contributes to the growth. So the involvement of Bitcoin can really give a forward push to the economy.

I concur that bitcoin will have such bright and promising future but it would take a long time for bitcoin to be fully accepted by all nations and become an international currency. From my perspective, bitcoin doesn't stand much of a chance of completely replacing fiat money, at least in the near future since fiat currencies have been around for thousands of years and played a key role in people's lives. However, I think bitcoin would be an efficient, profitable alternative to fiat money and with its cutting-edge blockchain technology, it would surely change the world's economy for the better.