Originally Posted by elsid13
That really not a bold predication because it already happening and has been happening since we saw credit and debt cards become widely available. The only thing paper money is an easy portable exchange method. Technology is providing easier safer method for this exchange to occur.
All of that is tied to US dollars or some other government's fiat. It still has to go through a central bank. Bitcoin is completely decentralized. It can't be manipulated or counterfeited. It's more divisible. In fact, one bitcoin would have to be worth $1 million for it's smallest unit to equal our penny. It's easier to exchange online, and it can
eventually be just as easy to exchange in physical form as our paper money.