Post
Topic
Board Economics
Re: Do you Still believe in Fiat?
by
DashTron
on 05/08/2016, 08:10:22 UTC
First point is that bitcoin is being used by every country their citizens just need an internet connection to take start with it, and it is true that bitcoin is not accepted by offline shops but you can easily use it online for shopping those things which you need for your offline life, and if bitcoin started to be accepted in offline life then I think the fiat will be converted by everyone to bitcoin in order to make it secure and to use t there.

That could happen. But it will take several decades for the bitcoin to be widely used in every country.

The Infrastructure for the digital coins are being built, in the mean time, the digital currency will become more popular.

Bitcoin has started to gain popularity now and we are seeing many more users who are getting into bitcoins, once bitcoin gets recognition at global level it will become more popular.
The journey of bitcoin is so fruitful because everyday we are making the new adopters proud,this should continue in order to get the number of adoption that will make bitcoin great, and for me it requires time and ti will only happen in the future as we are in the early phase now.

Yes we need to give some time to bitcoin to grow as bitcoin is still new to many people and many of them don't know how to use it, but things will move positively in future.

And it should be avoided to scare people away. If I think of the recent hack, that is something the owners of the exchanges really should learn a lesson from.
Keep the sites safe in order to keep the peoples trust in bitcoin.