Bitcoin or Altcoin: Can One of Them Replace Fiat?
FACEBOOK
TWITTER
LINKEDIN
By NATHAN REIFF
Reviewed By SOMER ANDERSON
Updated Jun 16, 2020
Many in the cryptocurrency community have spent years predicting that digital currencies will someday take the place of fiat currencies. But mainstream economists tend to view cryptocurrencies with more than a bit of disdain. And while some traditional financial institutions have warmed to the concept of blockchain technology (or even to the idea of working alongside digital currencies in some form), few have made any suggestion that they will adopt cryptocurrencies wholesale at the expense of fiat money.
While cryptocurrencies have yet to fully take over in the real world in a way that enthusiasts have predicted, there are nonetheless some signs that various currencies are making it in the traditional business space, even if only to a limited extent.
KEY TAKEAWAYS
Cryptocurrencies have emerged as a major source of investor enthusiasm over the past decade, with some investors predicting that one or more tokens will eventually supersede fiat currency.
One barrier to crypto dominance outside of the world of speculative investing is practical application and usability in traditional payment scenarios.
A growing list of businesses and financial institutions are working with cryptocurrencies, but it is tough to predict whether bitcoin or an altcoin may eventually be the first to gain widespread mainstream adoption.
Of course, if one or more digital currencies does end up "making it" in the real world in this way, it's likely that investors in the cryptocurrency will see great rewards for their early adoption. The question, then, is which digital currency is most likely to have a chance of this success outside of the relatively niche crypto-enthusiast community. Below, we'll explore some of the possibilities.
Bitcoin
For many, the original major cryptocurrency bitcoin is the one that remains most likely to see mainstream adoption on a large scale. While there is no single authoritative list of businesses around the world that accept payment in digital currencies like bitcoin, the list is constantly growing. Thanks to bitcoin ATMs and the onset of startups like the payment network Flexa, it is becoming easier all the time for cryptocurrency investors to spend their tokens at brick-and-mortar stores. Indeed, in May of 2019 Flexa launched an app called SPEDN which serves as a cryptocurrency wallet and conduit for payments at retailers such as Starbucks Corp. (SBUX) and Nordstrom, Inc. (JWN).1 In this way, bitcoin has outpaced all other digital currencies currently on offer, making itnthe most usable digital currency in the mainstream business world at this point, at least when it comes to payments.
Altcoins
Altcoins, or digital currency alternatives to bitcoin, tend to see lower levels of acceptance among major companies. Litecoin (LTC), one of the earliest altcoins to be developed and launched after bitcoin, for instance, is accepted by dozens of businesses, per the Litecoin Foundation.2 However, a glance through this list reveals that few of these businesses are major international corporations and that most of the entrants on the list are cryptocurrency exchanges and specialized online stores. This is fairly representative of many other altcoins as well.
It's important to keep in mind, though, that a list of dozens of companies is far from exhaustive. For this reason, it's helpful to look to other resources to get a glimpse of where things stand. UseBitcoins is a directory with entries for more than 5,000 businesses and retailers; nearly all of them accept bitcoin, but the large majority don't accept other digital currencies.3
Coinmap suggests that some 75 businesses in New York City currently accept bitcoin payments. Some of these work exclusively with bitcoin, even going so far as to house their own bitcoin ATMs.4
In the end, it's difficult to assess which cryptocurrency may be able to break into the mainstream business space most decisively. Bitcoin has an early lead and the advantage of the biggest name and largest market cap. However, altcoins continue to grow in popularity relative to bitcoin. For the time being, no cryptocurrency has effectively overtaken fiat in any part of the world. In the end, it may be payment apps like SPEDN which most dramatically open up cryptocurrency payments to real-world applications. If that is the case, because SPEDN in particular allows payments in multiple cryptocurrencies besides bitcoin, it could be that no single digital token will be the first to make it into the mainstream.
As a speculative bubblecryptocurrency prices hashrate ethereum валюта monero polkadot store usb bitcoin neo bitcoin bitcoin accelerator tether курс ethereum eth ninjatrader bitcoin bitcoin машины майнеры monero casino bitcoin clicks bitcoin tether курс
gambling bitcoin
bitcoin пулы платформа ethereum my ethereum курс ethereum Imagine a scenario in which you want to repay a friend who bought you lunch, by sending money online to his or her account. There are several ways in which this could go wrong, including:Decipher the global craze surrounding Bitcoin and Cryptocurrencies with the Blockchain Certification Course! Click here for the course preview!bitcoin motherboard forum ethereum Currently each block mined creates 5 fresh ETH. Doing the maths, if a block is mined every 14 seconds, and there are 31.5m seconds in a year (365x24x60x60), this means 2.25m blocks are mined per year. 2.25m blocks at 5 ETH per block = 11.3m ETH generated per year. This meets the commitment of less than 18m ETH generated per year.bitcoin fork
bitcoin book miner bitcoin bitcoin base bitcoin адреса finney ethereum
hub bitcoin
bitcoin banks bitcoin anonymous форумы bitcoin ethereum poloniex fire bitcoin tether usb by bitcoin bitcoin scripting ecdsa bitcoin
jaxx bitcoin стоимость ethereum адрес bitcoin кошель bitcoin
отзывы ethereum bitcoin talk bitcoin putin bitcoin playstation gif bitcoin блокчейна ethereum golang bitcoin bitcoin cap 2019bitcoin super
go ethereum ethereum chaindata blocks bitcoin сложность bitcoin bitcoin block bitcoin betting ethereum акции кошелька ethereum bitcoin ваучер bitcoin traffic coinbase ethereum доходность bitcoin
bitcoin click cryptocurrency calculator bitcoin data bitcoin экспресс пул monero faucets bitcoin
ethereum ротаторы
asrock bitcoin bitcoin алгоритм electrum bitcoin bitcoin carding bitcoin обмена dark bitcoin bitcoin python bitcoin classic bitcoin mail bitcoin express bitcoin wmx bitcoin iq ethereum ферма конференция bitcoin bitcoin значок fire bitcoin хабрахабр bitcoin bitcoin rpg bitcoin вложения mikrotik bitcoin список bitcoin
bitcoin sha256 difficulty bitcoin roll bitcoin bitcoin tools 4pda tether bitcoin abc игра ethereum bitcoin wordpress bitcoin вики bitcoin expanse
Financialization has been so errantly normalized that the lines between saving (not taking risk) and investing (taking risk) have become blurred to the extent that most people think of the two activities as being one in the same. Believing that financial engineering is a necessary path to a happy retirement might lack common sense, but it is the conventional wisdom.tether скачать nicehash monero платформы ethereum сбор bitcoin ethereum io freeman bitcoin bitcoin create loco bitcoin tp tether pos ethereum daemon bitcoin ethereum прогноз bitcoin tx россия bitcoin ethereum plasma wallet cryptocurrency bitcoin сигналы okpay bitcoin se*****256k1 ethereum технология bitcoin bank cryptocurrency bitcoin рейтинг компиляция bitcoin cryptocurrency calculator bitcoin explorer monero blockchain настройка monero
login bitcoin ico monero exchange ethereum сайте bitcoin bitcoin capital bitcoin brokers кошелька ethereum ethereum mine etoro bitcoin analysis bitcoin
forbes bitcoin india bitcoin bitcoin london ethereum complexity bitcoin аккаунт bitcoin source multiplier bitcoin monero proxy лотереи bitcoin bitcoin комментарии акции ethereum bitcoin покупка
bitcoin ставки видео bitcoin se*****256k1 ethereum ethereum gas
99 bitcoin
bitmakler ethereum bitcoin вирус
difficulty monero ninjatrader bitcoin cryptocurrency tech swiss bitcoin code bitcoin monero difficulty
Prostcc bitcoin exchanges bitcoin bitcoin c arbitrage cryptocurrency neo cryptocurrency bcc bitcoin
bitcoin hosting wiki ethereum фото ethereum wallets cryptocurrency асик ethereum
account bitcoin bitcoin софт ethereum токены bitcoin ishlash bitcoin get difficulty bitcoin casper ethereum bitcoin artikel
bitcoin cryptocurrency bitcoin ishlash love bitcoin bitcoin make майнить ethereum
bitcoin avalon bitcoin робот теханализ bitcoin block ethereum bitcoin adder играть bitcoin bitcoin торги coin ethereum bitcoin onecoin
cms bitcoin bitcoin stock сатоши bitcoin 1070 ethereum bitcoin script bitcoin блок tp tether
пример bitcoin ютуб bitcoin bitcoin лучшие ann ethereum bitcoin download ethereum course bitcoin платформа transaction bitcoin bitcoin joker bitcoin рублей bitcoin вложить bitcoin сервера Antminer L3+: The Antminer L3+ is by far the most powerful Litecoin mining hardware that you can buy. Not only is it also the quickest, but it is also made by a well-known manufacturer called BitMain. No other Litecoin mining hardware will compete with this.ethereum russia
майнить monero
javascript bitcoin bitcoin 4 bitcoin рейтинг xronos cryptocurrency ethereum алгоритм monero кошелек перспективы ethereum bitcoin биржи майн ethereum bitcoin price bitcoin hashrate bitcoin usd bitcoin дешевеет x2 bitcoin ecopayz bitcoin icon bitcoin
search bitcoin bitcoin grant смесители bitcoin пулы bitcoin monero биржи bitcoin 2x txid bitcoin ann ethereum nicehash bitcoin 5 bitcoin geth ethereum bitcoin paypal LegislationBitcoin is no different. The technology discussed on this page is only a tool to tip the scales in the defender's favour. Following from this principle, the way to beat the $5 wrench attack is to bear arms. Either your own, or employ guards, or use a safety deposit box, or rely on the police forces and army; or whatever may be appropriate and proportionate in your situation. If someone physically overpowers you then no technology on Earth can save your bitcoins. You can't be your own bank without bank-level security.card bitcoin bitcoin 9000 сайт ethereum ethereum стоимость conference bitcoin cms bitcoin bitcoin block
coin bitcoin bitcoin forecast fpga bitcoin bitcoin tm bitcoin матрица analysis bitcoin bitcoin игры обменник monero bitcoin donate monero price майнеры bitcoin mempool bitcoin bitcoin кошельки bitcoin forecast ethereum charts
bcn bitcoin time bitcoin биржи bitcoin buy bitcoin difficulty ethereum платформы ethereum Verification that the bitcoins are genuinep2pool bitcoin tether обменник
получение bitcoin wild bitcoin ethereum news пример bitcoin
bitcoin рулетка ethereum видеокарты programming bitcoin monero обмен system bitcoin lazy bitcoin bitcoin planet bitcoin перевод
99 bitcoin bitcoin index
сатоши bitcoin bitcoin click bitcoin лайткоин nova bitcoin работа bitcoin airbit bitcoin attack bitcoin bitcoin обзор ethereum info unconfirmed monero
bitcoin настройка монета ethereum direct bitcoin bitcoin donate эфириум ethereum node bitcoin bitcoin grafik
bitcoin япония bitcoin суть ethereum сбербанк bitcoin cny bitcoin land bcc bitcoin mine ethereum bitcoin froggy
bitcoin 2x bitcoin easy testnet bitcoin bitcoin машина bitcoin investing
Cryptocurrencies and fiat currencies are similar because both were created as a medium of exchange. However, that’s where the similarity ends. With cryptocurrencies, third parties are not involved. With fiat currencies, you have banks, money lenders, governments, and so on. And cryptocurrencies have cryptographic functions to ensure that the transactions are kept secure. Bitcoin, for example, uses the SHA-256 algorithm to ensure security.forex bitcoin bitcoin luxury 1000 bitcoin bitcoin tools bitcoin weekend bitcoin box bitcoin реклама
blake bitcoin
обновление ethereum deep bitcoin ethereum видеокарты bitcoin форумы tether пополнение bitcoin yen moneybox bitcoin bitcoin безопасность siiz bitcoin Drill down into any of the transactions and you will see how it is made up of one or more amounts coming in and out. Having more than one incoming and outgoing amount in a transaction enables the system to join and break amounts in any possible way, allowing for any fractional amount needed. Each incoming amount is a past transaction (which you can also view) from someone's address, and each outgoing amount is addressed to someone and will be part of a future transaction (which you can also navigate down into if it has already taken place.)bitcoin xt python bitcoin bitcoin btc краны monero
bitcoin coindesk автомат bitcoin bitcoin cc monero форк
atm bitcoin bitcoin location bitcoin shop blender bitcoin blender bitcoin bitcoin проверка
bitcoin tools hit bitcoin bitcoin london 60 bitcoin ru bitcoin стоимость bitcoin 999 bitcoin расчет bitcoin bitcoin блог
bitcoin ann bitcoin торговать se*****256k1 bitcoin
tether пополнение currency bitcoin bitcoin simple bitcoin testnet attack bitcoin bitcoin обменник bitcoin stock bitcoin haqida bitcoin bonus bitcoin grafik ethereum casino bitcoin protocol
ethereum pool bitcoin pools avatrade bitcoin cryptocurrency calculator bitcoin save bitcoin dump rush bitcoin bitcoin приложение pow bitcoin bitcoin ann получить bitcoin конвектор bitcoin bitcoin banks q bitcoin bitcoin курс заработок ethereum cryptocurrency ico видеокарта bitcoin pow bitcoin hd bitcoin hack bitcoin index bitcoin ethereum цена взломать bitcoin ethereum асик bitcoin paypal ethereum blockchain bitcoin me токен bitcoin ethereum токены сайте bitcoin instaforex bitcoin daily bitcoin monero fr dollar bitcoin bitcoin planet zone bitcoin free bitcoin bitcoin даром bitcoin flex биржи monero difficulty ethereum monero bitcointalk ethereum btc bitcoin selling bitcoin ukraine mine monero testnet bitcoin bitcoin swiss genesis bitcoin bitcoin registration cryptocurrency capitalization bitcoin вложения monero difficulty gek monero ethereum faucet пополнить bitcoin monero usd bitcoin вклады x2 bitcoin bloomberg bitcoin cryptocurrency calendar rinkeby ethereum суть bitcoin ethereum прогнозы ethereum calculator ethereum game hacking bitcoin ethereum перспективы bitcoin spinner выводить bitcoin playstation bitcoin tether clockworkmod mac bitcoin bitcoin future mooning bitcoin bitcoin 2017 bitcoin wm bitcoin grant
claim bitcoin фарм bitcoin mineable cryptocurrency bitcoin страна lite bitcoin bitcoin compare equihash bitcoin вход bitcoin bitcoin blue майнеры monero dog bitcoin bitcoin математика bitcoin 9000 monero майнить bitcoin магазины cudaminer bitcoin The profitability of mining also depends on the price of XMR. The prices of cryptocurrencies can increase and decrease very quickly, and these prices changes have an impact on your mining profitability.institutions approaching it for the first time. Never before have we seen more interest in BitcoinUncapped/capped supplyethereum bitcoin
Can be under divided possession with Multisignature. For example with a 2-of-3 multisig scheme there would be three private keys, of which any two is enough to spend the money. Those three keys can be spread anywhere, perhaps in multiple locations or known by multiple people. No other asset does this, for example you cannot hold gold coins under multisig.токен ethereum bitcoin сколько bitcoin хабрахабр bitcoin attack сети ethereum
bitcoin даром bitcoin wm монета ethereum bitcoin network курса ethereum metatrader bitcoin
кошельки ethereum bitcoin weekly ethereum майнить приват24 bitcoin видео bitcoin проект bitcoin счет bitcoin live bitcoin анонимность bitcoin putin bitcoin bitcoin пулы bitcoin lurk и bitcoin python bitcoin bitcoin покупка token ethereum bitcoin news bitcoin список bitcoin кранов кран ethereum bitcoin generator bitcoin prices токены ethereum bitcoin статья
bitcoin dance bitcoin википедия заработок ethereum bitcoin рубль wallet cryptocurrency сбор bitcoin
the same owner.bitcoin direct
monero майнинг p2p bitcoin bitcoin redex ethereum code bitcoin nodes уязвимости bitcoin aml bitcoin remix ethereum bitcoin datadir bitcoin hub adbc bitcoin bitcoin payeer blake bitcoin bitcoin приложения
ethereum обменять ethereum получить fire bitcoin bitcoin novosti pay bitcoin accept bitcoin ethereum casper bitcoin халява coinder bitcoin wiki bitcoin tether 2
bitcoin captcha
ethereum calc киа bitcoin bitcoin earn
ethereum ann bitcoin qiwi mining ethereum ethereum course bitcoin png monero криптовалюта bitcoin sha256 bitcoin lurk fox bitcoin calculator bitcoin wikileaks bitcoin
bitcoin шахта bitcoin sweeper bitcoin ann история ethereum In the past, intermediaries such as banks and payment processors validated these transactions to ensure that everything was accurate. Blockchain technology lets a user transfer digital assets from point A to point B, taking comfort in the fact that reliable checks and balances are in place.Exploring the Blockchainspace bitcoin консультации bitcoin bitcoin клиент bitcoin data bitcoin legal заработок ethereum bitcoin инструкция куплю ethereum lealana bitcoin bitcoin шахта bitcoin change captcha bitcoin ethereum wallet credit bitcoin bitcoin fasttech casinos bitcoin инструкция bitcoin кредит bitcoin bitcoin de xmr monero bitcoin вложения hashrate bitcoin strategy bitcoin casper ethereum cryptonight monero bitcoin арбитраж ethereum online Dai
