Post
Topic
Board Economics
Re: Bitcoin can not replace fiat
by
Malsetid
on 19/10/2016, 20:09:50 UTC
i do agree that bitcoin cannot replace fiat. and that fiat cannot be completely eradicated and i don't see it happening anytime soon especially now when bitcoin is still under development.
but i do have hopes in the future that it can be used in daily life as easy as paper money.

I also believe that fiat will still be used. Many still do not know about Bitcoin. It will take much time to until Bitcoin becomes equal to a centralized exchange
Some might know bitcoin but we cannot expect that they will be interested with bitcoin, the fact that bitcoin is only good for online transaction it has only limited features, fiat are both for offline and online transaction so fiat is more dominant than bitcoin and it cannot be replace by bitcoin.
How about if in future we will do anything online that would use fiat reduced not later bitcoin could be one of them because with bitcoin transactions can be confirmed fast.
There is no way that can be replace fiat bitcoin is just alternative and we can still use it as good currency online with their benefits and good performance.. for now there are few stores are locally are accepting bitcoin like on brazil..
yeah it's highly unlikely that bitcoin would even have a chance to replace what we've already grown accustomed to. the fiat systems been there for anyone can remember and i don't think anything would be able to replace that. well not in the near future that is. it's likely that bitcoin, in a couple of years, would be more widely used but the fiat still would be the main currency around the world