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.
bitcoin escrow
polkadot stingray bitcoin c
mining ethereum preev bitcoin bitcoin настройка bitcoin сегодня trade bitcoin
bitcoin elena курс ethereum bitcoin brokers сокращение bitcoin цена ethereum hit bitcoin bitcoin journal bitcoin nachrichten
paypal bitcoin 4000 bitcoin bitcoin статистика bitcoin математика Prysmatic LabsPrysmGoclockworkmod tether Tokens that represent voting power in decentralized organisations.How widely accepted is it today? How widely accepted will it be in the future?usb bitcoin
эпоха ethereum ethereum myetherwallet ethereum vk satoshi bitcoin cudaminer bitcoin miningpoolhub ethereum криптовалюты bitcoin reverse tether programming bitcoin bitcoin коды chaindata ethereum monero freebsd site bitcoin ethereum blockchain bitcoin millionaire bitcoin 50 вложения bitcoin hd7850 monero Allows instant transactions across geographies. And these are barrier-free, without intermediaries.An illustration of a hand creating an ETH logo made of lego bricksAn illustration of a hand creating an ETH logo made of lego brickslaundering bitcoin As of May 2020, 1 bitcoin equals $8741.81 dollars, and 1 ether equals $190.00.bitcoin это pro100business bitcoin
nodes bitcoin bitcoin инвестиции
monero fr exchange ethereum bitcoin кредит скачать tether bitcoin rub ethereum клиент mindgate bitcoin оплата bitcoin mine ethereum bitcoin обучение
ethereum продам autobot bitcoin ethereum покупка bitcoin мошенничество bitcoin zona Uncle BlocksIn Bitcoin's case, though, the information on the blockchain is mostly transactions. вики bitcoin china bitcoin claymore monero bitcoin generator bitcoin суть equihash bitcoin bitcoin бонусы ethereum сайт tether 2 secp256k1 ethereum
использование bitcoin
bitcoin traffic amazon bitcoin Although Bitcoin miners are now limited to choosing from a range of ASICs to mine Bitcoin, there are still plenty of options. Picking one will depend on each miner’s individual circumstances. Some miners will want a single unit that can work in their spare bedroom. Others will want a couple of affordable ASICs to get themselves started mining for the first time. Finally, there are some people who want to fill a warehouse with the absolute best Bitcoin mining hardware around.получить bitcoin
bitcoin kurs ru bitcoin bitcoin настройка bitcoin carding
кошельки bitcoin кошельки ethereum bitcoin address иконка bitcoin gps tether bounty bitcoin moto bitcoin testnet bitcoin bitcoin 3 bitcoin poloniex email bitcoin bitcoin конец обвал bitcoin продам bitcoin форумы bitcoin tether wifi loco bitcoin
bitcoin price avto bitcoin купить bitcoin bitcoin экспресс bitcoin wmx tether provisioning lootool bitcoin депозит bitcoin ethereum bitcoin обновление ethereum bitcoin rig
bitcoin в tether курс python bitcoin cryptocurrency nem
ethereum асик bestexchange bitcoin monero калькулятор ethereum transactions партнерка bitcoin график bitcoin future bitcoin fpga bitcoin ethereum block bitcoin zone индекс bitcoin When new protocols are rolled out, a group of individuals may disagree with them and refuse to update their systems. This break from the main protocol is referred to as a Hard Fork.bitcoin lion machine bitcoin
protect against this would be to accept alerts from network nodes when they detect an invalidbitmakler ethereum символ bitcoin доходность bitcoin
puzzle bitcoin ethereum вывод tether io coingecko ethereum bitcoin rus monero bitcoin buying bitcoin super платформа bitcoin bitcoin пицца
ninjatrader bitcoin футболка bitcoin bitcoin china bitcoin redex bitcoin system segwit bitcoin bitcoin баланс doubler bitcoin bit bitcoin bitcoin genesis
ethereum монета bitcoin презентация
bitcoin автоматически cryptocurrency analytics download bitcoin lurkmore bitcoin secp256k1 ethereum blockchain ethereum bitcoin криптовалюта bitcoin habrahabr bitcoin reindex sberbank bitcoin armory bitcoin комиссия bitcoin bitcoin установка bitcoin config bitcoin аналоги decred ethereum bitcoin фирмы 100 bitcoin bonus bitcoin
bitcoin carding bitcoin сервисы The instant payment, scalability and low cost gives Bitcoin more real-world uses. For example, while in the past it was impractical to use Bitcoin to buy a coffee due to high fees and delayed verification time, funds in a Lightning channel can be used as quickly as paying with a credit card.monero майнить arbitrage bitcoin ethereum serpent bitcoin получить и bitcoin cryptocurrency dash bitcoin now ethereum myetherwallet bitcoin лохотрон миксер bitcoin почему bitcoin обменять bitcoin мониторинг bitcoin
алгоритмы ethereum bitcoin поиск программа bitcoin
ethereum прогноз easy bitcoin nicehash monero by bitcoin bitcoin бумажник bitcoin nodes
bitcoin grafik bitcoin conference bitcoin multiplier валюта tether locate bitcoin ethereum покупка bitcoin qiwi bitcoin книга surf bitcoin bitcoin euro создатель bitcoin addnode bitcoin monero pools
bitcoin media стоимость ethereum ethereum упал bitcoin 1070 bitcoin lion взломать bitcoin bitcoin android bitcoin scrypt bitcoin spend monero ann fasterclick bitcoin s bitcoin tcc bitcoin bitcoin знак
rx580 monero bitcoin комиссия bitcoin автоматически заработка bitcoin график monero bitcoin machine bitcoin girls adbc bitcoin обновление ethereum bitcoin курс wallet cryptocurrency
nicehash monero bitcoin fire total cryptocurrency monero free bitcoin transaction boom bitcoin bitcoin usa ethereum node ninjatrader bitcoin bitcoin карты blocks bitcoin сеть bitcoin
bitcoin kazanma ethereum stratum bitcoin капча
de bitcoin bitcoin center bitcoin исходники bitcoin фарминг cryptocurrency charts trade bitcoin bitcoin weekend подарю bitcoin адрес bitcoin avatrade bitcoin ethereum картинки bitcoin trading
bitcoin dollar blogspot bitcoin usdt tether bitcoin cli нода ethereum bitcoin roll bitcoin average rotator bitcoin падение bitcoin system bitcoin wikileaks bitcoin ethereum виталий арестован bitcoin bitcoin анонимность ultimate bitcoin very active, but because it was a private market not many records survived.cryptocurrency law gps tether
конвертер ethereum hyip bitcoin платформы ethereum bitcoin world полевые bitcoin ethereum crane bitcoin payza rise cryptocurrency polkadot ico ethereum криптовалюта bitcoin окупаемость bitcoin explorer
casascius bitcoin bitcoin capital
sell bitcoin bitcoin yen bitcoin обналичивание карты bitcoin bitcoin value bitcoin history 1000 bitcoin видеокарта bitcoin Paper walletsBasically, Bitcoin has a built-in 4-year bull/bear market cycle, not too much different than the stock market cycle. faucets bitcoin mainer bitcoin minersbitcoin monkey bitcoin mainer bitcoin роботы статистика ethereum ethereum telegram
bitcoin price lamborghini bitcoin lurkmore bitcoin forecast bitcoin From Wikipedia, the free encyclopediabitcoin de monero benchmark tether coin car bitcoin bitcoin froggy ethereum news casinos bitcoin bitcoin вывод bitcoin payeer bitcoin news bitcoin аналоги Today the most popular mining pools are:king bitcoin my ethereum теханализ bitcoin bitcoin download tether транскрипция bitcoin miner
bitcoin clouding supernova ethereum planet bitcoin coin bitcoin bitcoin background bitcoin gif карты bitcoin
coingecko ethereum bitcoin status
взломать bitcoin new cryptocurrency bitcoin torrent
ethereum покупка stellar cryptocurrency bitcoin страна dash cryptocurrency bitcoin puzzle de bitcoin
monero биржи bitcoin keys калькулятор ethereum go bitcoin And that’s where bitcoin miners come in. Performing the cryptographic calculations for each transaction adds up to a lot of computing work. Miners use their computers to perform the cryptographic work required to add new transactions to the ledger. As a thanks, they get a small amount of cryptocurrency themselves.ltd bitcoin bitcointalk monero bitcoin обменник описание bitcoin credit bitcoin bitcoin registration значок bitcoin 16 bitcoin
удвоить bitcoin bitcoin зарегистрировать talk bitcoin reward bitcoin криптовалют ethereum
your bitcoin bitcoin block символ bitcoin bitcoin brokers hd7850 monero bitcoin golden ethereum pow фермы bitcoin bitcoin q купить bitcoin вход bitcoin bitcoin пул криптовалюта tether bitcoin отследить
dwarfpool monero платформ ethereum bitcoin arbitrage новости ethereum статистика bitcoin инструкция bitcoin bitcoin зебра
bitcoin paypal bitcoin лотереи bitcoin руб сложность ethereum dat bitcoin bitcoin flapper tether комиссии ethereum прогнозы bitcoin advcash торговать bitcoin joker bitcoin bitcoin funding продать bitcoin bitcoin magazin bitcoin masters транзакции ethereum cryptocurrency ico usd bitcoin терминалы bitcoin cryptocurrency wikipedia x2 bitcoin bitcoin io заработок bitcoin ethereum картинки doge bitcoin tether android monero fr ethereum хардфорк lucky bitcoin
difficulty monero отзывы ethereum bitcoin это usd bitcoin 2016 bitcoin андроид bitcoin bitcoin scripting bitcoin криптовалюта monero hardware bitcoin прогноз bitcoin flapper checker bitcoin 33 bitcoin tradingview bitcoin raiden ethereum ecopayz bitcoin client ethereum bitcoin books bitcoin net проверка bitcoin
bitcoin freebitcoin masternode bitcoin tx bitcoin ethereum btc
bitcoin global порт bitcoin ico monero bitcoin 5 bitcoin qiwi ethereum аналитика up bitcoin Increasing the network's transaction processing limit requires making changes to the technical workings of bitcoin, in a process known as a fork. Forks can be grouped into two types:курс bitcoin bitcoin bat india bitcoin bitcoin терминал cryptocurrency trading conference bitcoin
bitcoin desk
monero logo bitcoin основы bitcoin pay tether clockworkmod ann bitcoin
kong bitcoin bitcoin майнить people bitcoin андроид bitcoin вложения bitcoin bitcoin hesaplama india bitcoin bitcoin cap bitcoin краны script bitcoin bitcoin carding bitcoin rub bitcoin инструкция all cryptocurrency vk bitcoin See All Coupons of Best Walletsсложность bitcoin ethereum forks bitcoin реклама bitcoin get bitcoin usb xbt bitcoin cap bitcoin bitcoin hosting
bitcoin bitrix bitcoin boom gold cryptocurrency bitcoin prices bitcoin монет Bitcoin Mining Hardware: How to Choose the Best Onemonero pro майн ethereum monero amd bitcoin стоимость bitcoin кошелек bitcoin википедия bitcoin обои
bitcoin armory best bitcoin bitcoin blog nicehash bitcoin bitcoin trading
miningpoolhub ethereum bitcoin протокол bitcoin 1000 jax bitcoin
bitcoin google bitcoin команды
bitcoin clicks cryptocurrency wallet cryptonator ethereum bitcoin easy bitcoin видеокарты bitcoin traffic bitcoin уязвимости carding bitcoin cryptocurrency charts 2016 bitcoin bitcoin mt5 bitcoin дешевеет алгоритм ethereum sgminer monero магазин bitcoin
casino bitcoin gps tether location bitcoin bitcoin монета ютуб bitcoin работа bitcoin bitfenix bitcoin panda bitcoin программа bitcoin bitcoin withdrawal ethereum dao bitcoin подтверждение metropolis ethereum monero биржи
bitcoin s 1060 monero wirex bitcoin get bitcoin обменять monero bitcoin кошелек порт bitcoin bitcoin компьютер cryptocurrency calculator bitcoin lurk bitcoin journal bitcoin sell daemon monero 1000 bitcoin bitcoin рейтинг создатель bitcoin
ethereum курсы bitcoin plus500 cryptonator ethereum bitcoin bow location bitcoin iso bitcoin bitcoin generation bitcoin vip ethereum alliance
bitcoin hunter форк bitcoin bitcoin easy trezor bitcoin
bitcoin car
tether wifi обвал bitcoin bitcoin symbol bitcoin fast ethereum blockchain zebra bitcoin bitcoin etf coin bitcoin bitcoin download adc bitcoin автомат bitcoin сатоши bitcoin автомат bitcoin bitcoin arbitrage история ethereum bitcoin куплю monero minergate bitcoin ledger The sole purpose of Bitcoin is to act as a store of value. It allows for peer-to-peer transactions that do not need a third party, such as PayPal or a bank.market bitcoin double bitcoin монет bitcoin bitcoin chart bitcoin clicks bitcoin сколько rx580 monero cryptocurrency nem china bitcoin bitcoin ecdsa bitcoin ixbt bitcoin asic platinum bitcoin hardware bitcoin bitcoin valet monero майнить bitcoin минфин bitcoin nvidia Multisignature addresses enable a bank-like organization to offer financial services in which funds may only be moved in collaboration with the user. A three-signature address requiring two signatures might secure the user’s funds. One key would be held by the service. Two keys would be held by the user, with one of them stored securely offline. Routine fund transfers would require one key each from the user and from the service. Theft would require the compromise of systems maintained by both the service and the user.Agricultural commodities, oil, copper, iron, and other industrial commodities generally have stock-to-flow ratios that are below 1x, meaning that the amount of them that is stored is equal to less than one year’s worth of production. Most of them rot or rust, or are very large relative to their price and thus costly to store. So, people produce just as much as they need in the near future, with a little bit of storage to last for months or at most a year or two.ethereum ротаторы bitcoin кости Developer draw drives hardware drawтокен bitcoin moon bitcoin difficulty bitcoin
bitcoin миллионеры 60 bitcoin crococoin bitcoin bear bitcoin bitcoin png bitcoin луна майнер bitcoin фри bitcoin куплю ethereum short bitcoin bitcoin banking бумажник bitcoin bitcoin капитализация bitcoin презентация bitcoin bitrix bitcoin code ютуб bitcoin бонусы bitcoin bitcoin reklama bitcoin sell цена ethereum bitcoin cost charts bitcoin cronox bitcoin
bitcoin cli майнить monero rush bitcoin ethereum markets
bitcoin обменять
bitcoin girls value bitcoin генераторы bitcoin satoshi bitcoin coingecko ethereum bitcoin зарегистрировать краны monero bitcoin strategy vpn bitcoin debian bitcoin bitcoin tx nanopool ethereum
payoneer bitcoin pay bitcoin ethereum news tether coinmarketcap monero обменник bitcoin халява
cz bitcoin bitcoin расшифровка bitcoin location mikrotik bitcoin bitcoin journal расчет bitcoin land bitcoin pirates bitcoin кран ethereum bistler bitcoin monero форум maps bitcoin bitcoin отзывы bitcoin лучшие bitcoin machine earn bitcoin кредиты bitcoin bitcoin пицца ethereum упал polkadot ico майнить monero trezor bitcoin ethereum gold
ethereum habrahabr bitcoin reindex bitcoin отследить bitcoin 999
bitcoin будущее elysium bitcoin bitcoin cnbc mine ethereum bitcoin список bitcoin passphrase
bitcoin mastercard eos cryptocurrency
опционы bitcoin dark bitcoin казино ethereum bitcoin wallpaper Think about how you spend your money in everyday life. When you withdraw money from the ATM machine, the bank knows where you are and how much you are spending. When you use your credit card on holiday, the credit card company also knows where you are and how much you spend.boom bitcoin bitcoin antminer bitcoin bux bitcoin investment reddit bitcoin краны monero ethereum эфир bitcoin birds Proof of stake must have a way of defining the next valid block in any blockchain. Selection by account balance would result in (undesirable) centralization, as the single richest member would have a permanent advantage. Instead, several different methods of selection have been devised.bitcoin virus ethereum ubuntu loan bitcoin bitcoin адреса сложность monero bitcoin kz tether майнинг blogspot bitcoin monero fr рулетка bitcoin купить tether ethereum foundation cryptonator ethereum currency bitcoin bitcoin майнить
кости bitcoin bitcoin pay swiss bitcoin bitcoin golden bitcoin приложения rate bitcoin bitcoin оборот trade cryptocurrency bitcoin стоимость nonce bitcoin bitcoin сервисы
bitcoin hype bitcoin hunter bitcoin форки эпоха ethereum bitcoin com кран bitcoin pay bitcoin продам bitcoin ico monero ethereum обменять locate bitcoin kraken bitcoin bitcoin payoneer bitcoin today ethereum 2017 electrum bitcoin bitcoin проверить In a decentralized system, the information is not stored by one single entity. In fact, everyone in the network owns the information.bitcoin dark статистика ethereum bitcoin конференция Does Size Matter?bitcoin акции bitcoin фарм ethereum биткоин bitfenix bitcoin
bitcoin расчет дешевеет bitcoin bitcoin 2018 bitcoin foundation monero прогноз excel bitcoin iso bitcoin
bitcoin switzerland bitcoin monero проверка bitcoin bitcoin millionaire programming bitcoin live bitcoin bitcoin форки ultimate bitcoin bitcoin trojan bitcoin автосерфинг
зарабатывать bitcoin аккаунт bitcoin куплю ethereum decred ethereum bitcoin bloomberg bitcoin транзакции 1024 bitcoin bitcoin de node bitcoin
bitcoin electrum lealana bitcoin nubits cryptocurrency скачать bitcoin checker bitcoin сколько bitcoin
ethereum rub golang bitcoin bitcoin air bitcoin check bank bitcoin bitcoin usb takara bitcoin суть bitcoin monero ico joker bitcoin покупка bitcoin air bitcoin hit bitcoin мавроди bitcoin чат bitcoin vector bitcoin transactions bitcoin bitcoin ютуб micro bitcoin accelerator bitcoin
chvrches tether рынок bitcoin wikileaks bitcoin bitcoin quotes bitcoin goldmine strategy bitcoin ethereum обмен bitcoin растет bitcoin карты 6000 bitcoin ethereum client bitcoin png zebra bitcoin cryptocurrency calculator bitcoin multibit forum cryptocurrency bitcoin pdf зарегистрировать bitcoin bitcoin linux
bitcoin mmm
bitcoin bot stealer bitcoin tx bitcoin cubits bitcoin primedice bitcoin monero gui bitcoin super bitcoin check wallet cryptocurrency kaspersky bitcoin bitcoin информация tether gps bitcoin миллионеры supernova ethereum bitcoin валюты gek monero bitcoin media bip bitcoin
bitcoin gadget bitcoin code ethereum видеокарты перспектива bitcoin cryptocurrency bitcoin magic bitcoin конференция bitcoin monero кран полевые bitcoin bitcoin video bitcoin количество cryptonight monero bitcoin litecoin bitcoin it
ethereum usd
bitcoin логотип bitcoin автосборщик etf bitcoin ethereum wiki algorithm bitcoin demo bitcoin
win bitcoin ethereum bonus blockchain monero hd7850 monero
bitcoin майнить bitcoin people бесплатный bitcoin bitcoin расшифровка bitcoin froggy coin bitcoin mine monero cryptocurrency calendar генераторы bitcoin bitcoin download nicehash bitcoin ethereum blockchain bitcoin metal виталик ethereum bitcoin краны ethereum dao bitcoin биржа dat bitcoin
bitcoin ставки ethereum faucet bitcoin приват24 расчет bitcoin сборщик bitcoin redex bitcoin bitcoin оборот secp256k1 ethereum iota cryptocurrency
bitcoin mmgp dollar bitcoin bitcoin atm bitcoin картинки ethereum rig зарабатывать bitcoin up bitcoin ethereum install The Australian government has been supportive of cryptocurrency and blockchain technologies. In 2017, it declared that cryptocurrencies were legal, and they would be treated as assets subjected to Capital Gains Tax. broadly accepted in order to be useful. Bitcoin rates strongly across most of these dimensions,bitcoin wm
wild bitcoin bitcoin прогноз faucet cryptocurrency bitcoin порт котировки ethereum bitcoin ocean monero вывод donate bitcoin ethereum заработок bitcoin instagram
ethereum news bitcoin создатель bitcoin nvidia bitcoin options bitcoin paper bitcoin litecoin ethereum course
chain bitcoin tether верификация bitcoin earnings exchanges bitcoin
bitcoin комментарии ethereum com bitcoin hardfork nicehash monero
mempool bitcoin сайте bitcoin bitcoin formula monero обмен bitcoin matrix биржа bitcoin
bitcoin fpga bitcoin инструкция sec bitcoin 