Post
Topic
Board Bitcoin Discussion
Re: Does Bitcoin Has What It Takes To Replace Fiat?
by
minerpumpkin
on 24/04/2015, 11:11:35 UTC
Future citizens will be divided into two categories:

- Those who fully understand how modern money creation works, they use bitcoin
- Those who don't, they use fiat money

Currently the number of the people in the first category is about 1 in a million, hopefully with the help of internet it will increase by 4 times per year

The thing is, most people won't know how the creation of money works, even today most people don't know that. And if the majority doesn't know how it works, the people who do, can't actually profit from their knowledge because the technology they use remains irrelevant.