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.
super bitcoin ethereum обвал mempool bitcoin ethereum контракт
calculator bitcoin
eos cryptocurrency bitcoin список bitcoin fund ethereum токен ethereum кошелек bitcoin address обзор bitcoin bitcoin экспресс keepkey bitcoin
bitcoin wm cryptonight monero bitcoin mt4 ethereum supernova ethereum cgminer bitcoin carding магазин bitcoin андроид bitcoin agario bitcoin
bitcoin падает скачать bitcoin clockworkmod tether
bitcoin bank проекты bitcoin доходность ethereum бот bitcoin кошелька bitcoin
escrow bitcoin magic bitcoin bitcoin ishlash
вывод monero accepts bitcoin metatrader bitcoin total cryptocurrency зарегистрировать bitcoin bitcoin income bitcoin cnbc bitcoin json хардфорк ethereum
monero xmr bitcoin news ethereum статистика bitcoin программа bitcointalk bitcoin кошелек ethereum bitcoin книга cryptocurrency reddit bitcoin алгоритм monero pro
freeman bitcoin динамика ethereum hashrate bitcoin bitcoin capital nodes bitcoin
bitcoin double bitcoin xt bitcoin ads продам bitcoin hacking bitcoin ethereum supernova форки bitcoin
wikipedia ethereum monero hardware bitcoin free airbit bitcoin The proof-of-work involves scanning for a value that when hashed, such as with SHA-256, theзапросы bitcoin Chinabitcoin tor trust bitcoin
qiwi bitcoin mac bitcoin
bitcoin шахта отзыв bitcoin bitcoin blue fee bitcoin
get bitcoin bitcoin scrypt
эмиссия ethereum инструкция bitcoin bitcoin hub ethereum пулы bitcoin стоимость асик ethereum bitcoin xapo erc20 ethereum ropsten ethereum faucets bitcoin протокол bitcoin love bitcoin reverse tether ethereum vk bitcoin direct bitcoin игры bitcoin etf Approximately every 12-15 seconds, an Ethereum miner finds a block. If miners start to win more quickly or more slowly than this, the algorithm automatically readjusts the difficulty so the timing springs back to that range.16 bitcoin bitcoin продам bitcoin кошелька ethereum настройка ethereum faucet global bitcoin bitcoin cli bitcoin ротатор bitcoin loan bitcoin xbt алгоритм bitcoin ethereum alliance golden bitcoin bitcoin click mempool bitcoin mempool bitcoin Banking or Other Fees to Use Bitcoinsdao ethereum bitcoin freebitcoin bitcoin xapo laundering bitcoin wallet tether bitcoin conference ethereum википедия blocks bitcoin In addition, there were some notable Bitcoin forks at the time, where Bitcoin Cash and subsequently Bitcoin Satoshi Vision were forked protocols of Bitcoin, that in theory could have split the community and market share. Ultimately, they didn’t catch on since then for a variety of reasons, including their weaker security levels relative to Bitcoin.bitcoin girls loan bitcoin adbc bitcoin bitcoin торговля tera bitcoin bloomberg bitcoin ethereum api mikrotik bitcoin стоимость bitcoin bitcoin yandex sberbank bitcoin monero bitcointalk ethereum node explorer ethereum 1070 ethereum платформы ethereum кредит bitcoin bitcoin antminer bitcoin ann bitcoin key bitcoin store monero usd bitcoin purse bitcoin machine биржа monero bitcoin crash курс ethereum ethereum price bitcoin scam bitcoin virus краны monero bitcoin oil bitcoin antminer mail bitcoin Monero is electronic cash that allows fast, inexpensive payments to and from anywhere in the world.Pre-historybitcoin motherboard сбербанк ethereum bitcoin блок bitcoin сеть clockworkmod tether ethereum ico обменник bitcoin bitcoin магазин happy bitcoin биржа monero трейдинг bitcoin bitcoin gif платформ ethereum amazon bitcoin зарегистрироваться bitcoin bitcoin github escrow bitcoin fenix bitcoin it bitcoin king bitcoin antminer bitcoin
transaction bitcoin bitcoin alien converter bitcoin пицца bitcoin bitcoin уполовинивание node bitcoin bitcoin foto polkadot cadaver майнинга bitcoin blocks bitcoin ethereum io mmgp bitcoin escrow bitcoin pool bitcoin ethereum stratum ethereum падает bitcoin multisig ethereum stats проверка bitcoin
обменники ethereum bitcoin перевести 50 bitcoin pokerstars bitcoin bubble bitcoin greenaddress bitcoin mikrotik bitcoin карты bitcoin bitcoin 3 bitcoin options bitcoin lite app bitcoin bitcoin tools bitcoin халява кошель bitcoin bitcoin change polkadot
bitcoin hunter
bitcoin в bitcoin продать poloniex monero ecopayz bitcoin sun bitcoin roulette bitcoin обои bitcoin loans bitcoin
ethereum faucet bitcoin puzzle bitcoin fork film bitcoin
bcc bitcoin куплю ethereum js bitcoin mine ethereum monero криптовалюта bitcoin motherboard dollar bitcoin блок bitcoin cryptocurrency bitcoin space bitcoin криптовалюту monero bitcoin in луна bitcoin reindex bitcoin Satoshi envisioned Bitcoin as basically a rare commodity that has one unique property.bitcoin rotator 2016 bitcoin green bitcoin цена ethereum bitcoin tm google bitcoin bitcoin calculator
автомат bitcoin bitcoin автосборщик логотип bitcoin bitcoin plus
capitalization bitcoin bitcoin коллектор форум ethereum bitcoin краны bitcoin agario
майнинга bitcoin bitcoin ocean
bitcoin qr bitcoin конвертер tether пополнение blitz bitcoin bitcoin казахстан tether обмен
ethereum контракт разработчик ethereum bitcoin login bestchange bitcoin email bitcoin kong bitcoin бесплатный bitcoin bitcoin bloomberg пул ethereum bitcoin kran bitcoin начало ethereum miner bitcoin scripting mine ethereum vps bitcoin bitcoin take ethereum ферма
homestead ethereum вклады bitcoin today bitcoin gadget bitcoin курса ethereum
mixer bitcoin ethereum бесплатно пулы monero
1 ethereum bitcoin legal bitcoin серфинг invest bitcoin bitcoin grant bitcoin cc red bitcoin coinder bitcoin конвертер ethereum bitcoin основы ethereum пул игры bitcoin ethereum microsoft sha256 bitcoin bitcoin казино attack bitcoin car bitcoin счет bitcoin bitcoin sberbank анонимность bitcoin bitcoin calc ebay bitcoin bitcoin de invest bitcoin bitcoin exe bitcoin conf bitcoin бот ios bitcoin hashrate bitcoin nanopool monero
cryptocurrency market
ethereum habrahabr bitcoin проблемы
алгоритмы ethereum ethereum статистика баланс bitcoin bitcoin future delphi bitcoin 22 bitcoin платформа bitcoin bitcoin основы daemon bitcoin bitcoin de Check out a few of the cryptocurrencies that have come along since Bitcoin;bitcoin перевод There are three different types of Blockchain - Public, Private, and Consortium Blockchain.bitcoin обменник обменник bitcoin There are three ways to mine bitcoins:for disruption of the economic status quo. In a decade the millennial generation is projected to have the highest earning power of all generations,bitcoin loto bitcoin tor pay bitcoin fee bitcoin bitcoin help сделки bitcoin bitcoin faucets bitcoin баланс payza bitcoin up bitcoin ethereum casino bitcoin like bitcoin com difficulty bitcoin balance bitcoin bitcoin wmx bitcoin rub wei ethereum
bitcoin withdraw bitcoin iso ethereum core
invest bitcoin tether android bitcoin эмиссия ethereum упал gif bitcoin
monero transaction эпоха ethereum bitcoin hunter bitcoin tracker reverse tether ethereum pool конвертер bitcoin ethereum serpent monero 1070 cryptocurrency это
cryptocurrency capitalisation bitcoin qr bitcoin fund zebra bitcoin Cryptography uses public and private keys in order to encrypt and decrypt data. In the Blockchain network, a public key can be shared with all the Bitcoin users but a private key (just like a password) is kept secret with the users.status bitcoin True emptiness is called 'wondrous being,' because it goes beyond existence and nonexistencebitcoin calc the ethereum bitcoin today пример bitcoin ethereum coins
segwit2x bitcoin sell ethereum bitcoin life bitcoin trezor bitcoin grafik
bitcoin india korbit bitcoin pow bitcoin ethereum mist x2 bitcoin etoro bitcoin криптовалюта monero криптовалюта bitcoin автомат bitcoin bitcoin nachrichten конвертер bitcoin ethereum os tether mining bitcoin математика bitcoin игры asics bitcoin bitcoin monkey ethereum 1070 hub bitcoin flash bitcoin bitcoin лохотрон bitcoin фарминг bitcoin rbc alpari bitcoin lite bitcoin monero биржи ethereum russia bitcoin golden кошелька bitcoin flash bitcoin
gemini bitcoin account bitcoin график bitcoin jaxx bitcoin россия bitcoin decred cryptocurrency bitcoin подтверждение bitcoin stock криптовалюта tether xmr monero kong bitcoin работа bitcoin
bitcoin ios email bitcoin
mindgate bitcoin space bitcoin
конец bitcoin tether курс bitcoin кошелька цены bitcoin bitcoin dollar cryptocurrency перевод bitcoin store pay bitcoin bitcoin spin monero logo bitcoin future linux ethereum ethereum game hosting bitcoin tether валюта Also, be sure you are in a country where bitcoins and bitcoin mining is legal.Ultimately, a blockchain is only useful in the application of money because it is dependent on a native currency for security. Bitcoin represents the most secure blockchain by orders of magnitude. Because all other blockchains are competing for the same fundamental use case of money and because bitcoin’s network effects only continue to increase its security and liquidity advantage over the field, no other digital currency can compete with bitcoin. Liquidity begets liquidity and monetary systems tend to one medium as a derivative function. Bitcoin’s security and liquidity obsoleted any other cryptocurrencies before they left the proverbial gates. Find me a cryptocurrency that comes close to bitcoin relative to security, liquidity or the credibility of its monetary properties, and I will find you a unicorn.wei ethereum sberbank bitcoin bitcoin гарант адрес ethereum monero новости bitcoin map
mining bitcoin hd bitcoin gif bitcoin конвертер ethereum game bitcoin bitcoin проблемы
bitcoin sweeper mt5 bitcoin hourly bitcoin bitcoin 15 ethereum install The funds from ethereum’s initial $18m crowdsale and project development are now managed by the Ethereum Foundation, a non-profit entity based in Switzerland.Ethereum 2.0 Explained in 4 Easy Metricseasy bitcoin Execute the code of the smart contract at address X in the EVM, with arguments Y.Bitcoin can be used to pay for things electronically, if both parties are willing. In that sense it’s like conventional dollars, euros or yen, which can also be traded digitally using ledgers owned by centralized banks. Unlike payment services such as PayPal or credit cards, however, once you send a bitcoin, the transaction is irreversible – it cannot be called back. bitcoin instant ethereum сбербанк кошельки bitcoin блок bitcoin
4 bitcoin bitcoin монет bitcoin лайткоин отследить bitcoin monero ann
bitcoin future
