Ninjastic
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Re: Bitcoin can not replace fiat
by
simpler2016
on 30/07/2016, 15:45:07 UTC
Quote from: dunfida on July 30, 2016, 03:18:25 PM
Quote from: diegz on July 30, 2016, 01:59:28 PM
Quote from: avw1982 on July 30, 2016, 01:34:06 PM
Quote from: twa on July 30, 2016, 01:27:53 PM
i also don't think that bitcoin could change fiat, but actually i think that bitcoin can be alternative currency in near future, we just have wait for that

Bitcoin won't ever take fiat any time soon but we cannot know as anything can happen. I will stand by my point that fiat will always be there. But bitcoin will be up there with it. Fiat has already set it's stance into the world while bitocin is just coming up. So I will wait a bit before judging anything like you Wink

In anyway I look at the situation, bitcoin could never replace fiat, that's for sure, there is no sign that it will be recognize by the government as a money... That I think is the hindrance, if government couldn't even endorse bitcoin there is no way that it will replace fiat.

You have a point its up to government if they would  replace fiat  to bitcoin. Its always their decision on making up things but i think it would  really take sometime when it fully recognize bitcoin on a certain country since  most of the people only knows paper currency on our everyday living.
You are wrong, ordinary citizens of different countries, is all the same, as will be called money. Use online payments, many are used to. As accustomed to debit and credit cards. Many people are now able to dispense with paper money. But the governments of different countries do not allow a single world currency. Money is a powerful lever of power. Why would anyone give up power ?!