Zimbabwe did not choose a currency with a very limited suply. They choose dollars. Rest of what you said does not make sense at all. Nobody will sell a single bitcoin if bitcoin seems to be the dominant currency. Give me a single sane way bitcoin could replace fiat.
I don't like this your spirit, it means you can't understand what I write.
I may be wrong, but you are being a bit too presumptuous in your statement for my taste.You are the one claiming something that cant be for real. It is a dream bitcoin hoarders have that is not shared by anyone else
You say: nobody will sell bitcoin if that's the dominant currency.
That's in part true.
But think for a moment: why are people selling $ or ? THESE ARE DOMINANT CURRENCIES. People are not selling those. They are using them
The only problem will come when there will be so few shops around accepting fiat currency, that nobody will want to give you some BTC in exchange for fiat: what the hell will they do with that currency?This is just wrong. If a fiat fail they make a new one. Why bother with some digital "money" only a handfull people have?
Not your business: there are always people less clever than others that remain stuck to something even when it's going to be completely useless.
There are people still using light bulbs, just because a led light is more expensive than holding that light bulb.If the price of led rised to insane hights just because someone wanted to buy them nobody would swap out their light bulbs
They can't even understand how much electricity they pay every year with that bulb.
Other people can't even believe you can have an electric scooter and pay 1.3 for 100 Km travel.
There will probably be some communities that will want to remain on paper currency because "fuck government wants to spy our every move with online transactions! I won't allow them!" in example (I heard a lot of this).
So, dude, it's ok, I may be wrong, but what I write has a sense, maybe you can't understand it fully now, but you will in the future.
Also, the fact that Zimbabwe has choosen dollars doesn't change a bit my reasoning: one day, some unlucky retarded guy will still have 900 betatrizillion zimbabwe dollars, will go to the bank and the bank will give him 5$ for that. And those may be his savings of one life. If some guy from Zimbabwe wanted to buy bitcoin from you with those 900 betatrizillion zimbabwe dollars, would you sell? I guess you would not and the same will happen i a fiat fail.
That's exactly what will happen with Bitcoin: somebody is first, somebody is last. The last ones will cry.
People ARE selling $... for Bitcoins.
It happens all the time
You make a new fiat? And for what? It has the same amount of problem of the old fiat, like just to say one, being centralized.
Here YOU are being just stubborn and making a weak figure.
If the price of led rised to insane heights... they would buy less of that led light, because it would mean that fraction of a led light would light up like their light bulb. You just can't reason in fractions.
My discussion with you ends here as there's no point in proceeding.
They will make a new fiat or their own crypto because they cant afford bitcoin. Bitcoin are being hoarded by you and everybody else on this forum to get rich. As soon as there is a demand everyone will sell as high as possible and noone can buy. There is nothing with bitcoin that makes it better than any other currency. It is just the first crypto.
"My discussion with you ends here as there's no point in proceeding." You made a claim about bitcoin going to replace fiat and i just asked you to explain how that would happen. If you cant tell me how that could happen there is not much reason to discuss since you cant back your claim.
I do think this is a good question since many on this forum belive bitcoin will replace another currency but have no idea about how that is suppose to happen.
I wrote HOW, and I wrote in the simplest way I can. Bye.