Bitcoin instead of Dollar !!

[smil113 287]

I think the case is even bigger

BTC for everything I see and can imagine

I mean in a matter of time everything will be tokenized. Totally

 

Buildings, shares, art, currencies, factories, resources, sports, ideas

Everything

That's trillions 

 

[Brushless4500KV 4214]

1 hour ago, ajabe2 said:

Bitcoin will need massive marketing and promotion if it want to become used in the mainstream world. Besides Bitcoin has issues regarding high transaction fee and time which will greatly limit their ability from becoming used at a large scale in the future.

Bitcoin at first developed to be an exclusive currency to fight against inflation. Satoshi was a big criticizer of the current monetary system in which printing more money will lead to higher prices of goods and services. For large scale use, there are some altcoins with high and even unlimited supply. Transferring large funds is possible with lower fees and faster speed but they are not as well-known as bitcoin so they have not come into main focus. The truth is that cryptocurrency has so many rooms for progress and if international trading shows interest in this field, all the problems will be solved.

[MuhammadSh 3067]

And what would happen with the current financial international system!? would the governments and banks accept that easily!? of course no! but if they forced to adopt with this cryptocurrencies world so there would be many effects on the current financial system and there would be many changes in the near future in my opinion..

[rodolfolopez 88]

On 1/16/2020 at 6:30 AM, AmjadBydn said:

Hello my friends !
Today we would talk about an important issue , which is , Can the US government replace the dollar with Bitcoin !! ? 
We know if this happens , the Bitcoin price will rise staggeringly ! Also , the price of the Dollar will become very low ! 
Do you think this could happen !!? 

Not that would be impossible, I refuse to believe that it will happen, the department of the treasury that is behind and on the track of crimes of money laundering will continue to avoid placing bitcoin as the official US currency

[Dark Shadow 295]

No, I don't think that Bitcoin could ever replace the US Dollar due to a number of reasons like :

1. It's price volatility
2. Decentralized nature
3. Instability
4. Anonymity
5. Link to illicit activities e.g drug trafficking, money laundering, terrorism etc

And other reasons like most countries might refuse to trade with a country that has a volatile coin such as Bitcoin as it's currency.

[decemberends 1881]

Heck no obvious reason is unfair pricing as its so used to dollar bitcoin will only even apply to those rich greedy people as for dollar anyone can use it even the poorest thats working hard for it they can use it freely as for bitcoin if this happens there will be alot of unfairing pricing.

[i4477 77]

I can't even imagine it right now. And the reason of it - is just American economy. As for me, if bitcoin gonna be more usefull for trading than dollar, that's mean huge problems for economy of all over the world. Yes, i heard that more and more countries decided to make international trades with their money. But i still can't imgaine worlf where everyne gonna use coins instead of other cyrriencies like euro, ruble or etc.

[Teminali69 1081]

1 hour ago, Vigm012 said:

The price of Bitcoin varies every day. Bitcoin undoubtedly offers many benefits, but we must acknowledge its price instability. This of course is not necessarily bad. In fact, this particularity increases its attractiveness among investors who want to grow quickly. It would be a matter of what the person/company is looking for.

Because of the high volatility bitcoin has proven failure to be used as money for goods and services exchanging purpose, that is why developers have developed stable coin, now that the solution is on the table, paper money is going to disappear completely.. will take time but it will.

[Chrenova 182]

Not just the United States government, I believe that all governments in the world should adopt cryptocurrencies as legal currency units to buy everyday items. I don't think bitcoin is, because it is intended to become a store of value currency, not a currency for daily trading. I think that for that we should adopt stable currencies to make the trade not so volatile, we have usdt, usdc and Dai as the most popular. I do not rule out in the future that the euro also has its equivalent in the crypto world. The next few years are going to be the most important in the crypto world for this to be possible

[magnes975 224]

I do not think it is a replacement as such, but if they should accept it or the government will make its own cryptocurrency backed by the dollar or who knows what will happen but bitcoin in the future must be present if they want to be relevant !!

[khan22 3478]

Bitcoin is the best than the dollar because in the BTC it is going to be high more and more and it gives us good profit than the other coins and dollars. Crypto is a great market in the world and it is so much profitable than the other businesses.

[iloveyobit 6599]

2 hours ago, Mosharraf said:

@iloveyobit,,,It is very difficult to convert Bitcoin into dollars, if Bitcoin is a digital currency, which is not legal in all countries, so it is not possible to convert Bitcoin into dollars in all countries, but Bitcoin is a popular and expensive currency, in the future the country will barely convert Bitcoin  It will be very easy

In fact, this is not difficult, because currently there are many platforms that allow you this service, and the simplest platform is yobit where you can easily convert Bitcoin into dollars.

[edgeosmar romano 67]

The day will come when bitcoin is more used by citizens than by the dollar since bitcoin is having very good results and in this way printing companies will save more money by not printing more

[udumalai01 35]

NO, Us are any goverment cant replace dollar to btc. they use the tech .create a new digital dollar is possible .every country needs countrol ther money they paper printed fiat// are digital crypto dollar.

[GnaohVN 78]

This is impossible!
Dollar is a currency that is accepted by many countries because it is the currency of the government.
Bitcoin is just a cryptocurrency, and is not safe for users. So it is impossible for BTC to become an alternative currency to the Dollar just because it is higher than the Dollar!

[Mella 3680]

You are have a lot of optimisme in this post and this is not what the amerika want to do you are have not read the trump tweeter that he hates bitcoin or every political in this country that talks against and they do only want their way of make money and print.

[maho06 154]

ABD hükümeti dolar üzerinde mutlak yetkiye ve yönetime sahip oldukları için dolar yerine bitcoin'i tercih etmiyor, bunu değiştirmiyorlar, ancak bitcoin'i yönetebilirlerse, yasaya girerse belki de yapacaklarının alacak

[bogdanoff 3173]

I have not seen any indication for this , you just speculate with something you though and there is nothing to prove there is this interest in the US to replace the dollar with Bitcoin. We do not need to lie friend we read news and know what happens.

[Francisco Cabarico 48]

I'm not really an expert on the subject, but I can give my opinion from my knowledge, personally I don't think this is possible, bitcoin and in general no cryptocurrency can be controlled since a characteristic of them is their decentralization! Also, for sovereignty issues, the US would not exchange its currency for a cryptocurrency.

It would also be impossible due to the simple fact that there are only 21 million bitcoins, and the entire US economy could not sustain itself with so few circulating currencies, at least I think so!

[setifien 1016]

You should have said "bitcoin instead of gold" because dollar is closely related to the gold price; I think it's early to talk abou that, BTC is not getting enough recognition 

[cryptovlek 2597]

Yes replace the dollar with bitcoin please, we had enough with the dollar and the petrodollars let bitcoin shine a little light and make bitcoin the united stated national currency. This will be fun to watch if it happens but judging by their elections and politics you never know.

[Gabriels100 157]

It would be incredible if something like this happened, but not what I think is that the countries will have their stable currencies and bitcoin will continue with its development as it has been doing until now.

[Syedbesharat 5423]

Bringing BTC as payment system against USD or any fiat currency need time and good frame work where the whole country economy run. If it will directly implement many bad scenario for people. Because it's easy to said without facing any side effects. 

[Yogidon712 132]

Well, saying this is a huge thing. You are saying that bitcoin could challenge the dollar. The dollar that made his name after so long in being the market and is one of the main power of USA. I don't think that US will allow that to happen. The dollar being the dominant currency Has always given USA an edge over other. Yes bitcoin is the future and will be very much active in transactions in the coming future but My thoughts over whether it would be able to take down the dollar is no.

[Cryptonix 135]

The Bitcoin cryptocurrency is based on blockchain technology, which fundamentally distinguishes it from all previously created electronic currencies and payment systems. The Bitcoin (BTC) blockchain is not linked to any physical assets or "official" Fiat currencies, and the price of the digital BTC coin is regulated solely by market supply and demand.