Post
Topic
Board Bitcoin Discussion
Re: Does Bitcoin Has What It Takes To Replace Fiat?
by
shulio
on 24/04/2015, 12:35:51 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

if this is true, or if it proves as the truth, then we would need a new generation of people, because right now the majority don't know about the first point

we should educate those people about how fraudolent the banks really are

It is still too early for people to use bitcoin and leave the "bank" since not all people is smart enough to operate a computer or internet. so most people still are laying around with fiat and the value of bitcoin is fluctuative make it very risky for people to use it as a currency