Quote from: serjent05 on October 20, 2016, 05:52:03 PM

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Quote from: ged00u on October 20, 2016, 03:57:20 PM

To be honest, when it happens, there will be no FIAT money anymore. The government currency system will totally collapse and there will be a revolution of Cryptocurrency which is leaded by Bitcoin users. There will be no tax in the world and it will be much better when there is only one currency in the world: Bitcoin

That will never happen fiat will always show its presence even in future and till the time Government will have their control on a country fiat will always exist as Government will never allow any digital currency to replace their national currency.

Yes, fiat will not be rendered worthless as long as we have governments that collect taxes and print money at the very least. No government would allow bitcoin to become a full-scale replacement to their national currencies. To that end, some of them take a somewhat short-sighted approach and go as far putting a lid on its use within their jurisdictions.

And even if bitcoin gains more popularity and gets on the mainstream even though there would be many people who will prefer to use fiat as they find it easy and convenient to use.

Fiat is easy to use as it has the form of cash. You do not need a computer or electrical device to send momeny.

I agree that fiat is easy to use. It is accepted everywhere so what else would you ask for? As for the need for computer or any gadget in sending money, i strongly disagree that you don't need them to send money. Banks process your withdrawal thru verifying stuff and that is hasten with the use of computer. You are able to use your credit card or visa card because of electronic devices.

Credit card and fiat are the most common and trusted way to spend money and people who are not aware about bitcoins will surely prefer to use them for shopping.