Post
Topic
Board Economics
Re: Do you Still believe in Fiat?
by
tygeade
on 09/08/2016, 08:59:13 UTC
What I believe is that fiat will always be there, one way or another.
In my understanding, cryptocurrencies were never meant to completely replace fiat money. It always be just an alternative.
Exactly, we have to accept the reality that bitcoin is just an alternate currency even in the future. Fiat is a government regulated money that is acceptable all over the world while bitcoins is not that popular and still has a lot of government issues that needs to sort out.

I do not mind if bitcoin stays in the shadows for the majority of the people.
But a steady growth, even a small one, is necessary.
From the way it is built, it is clear that it will always be for the technically interested people. Harder to handle than fiat.
Fiat will be the strongest force on the currency market. Even in future.

Yes and fiat will always exist and never die as people who prefer to stay away from internet will never prefer to use bitcoins, they will continue with fiat itself.
most
yeah people those who have no knowledge about internet fully depend upon fiat. most people who knows about internet too tells bitcoin is just a debit card used to exchange fiat currencies.


People with lack of knowledge will never know what bitcoin is all about and what are its benefits, and the fact is people resist change, and they will never get into bitcoins.