Re: Do you Still believe in Fiat?

Fiat is still remain and it will not disappear that is why believing in fiat is given because it is much usable than bitcoin right now even in the future. All of us having regular job are receiving salary in fiat and spend money in terms of fiat.

and the fact that bitcoin still rely on fiat as of now we cant removed the fact that the identity of our country rely on fiat so i still believe on it
whether bitcoin succeed we cant removed the fact that we still need fiat in most of our activity,.

True, the price of bitcoin is still influenced by the price fiat. Although digital currency in the future will be developed and widely used but I am sure fiat will still be there. Because fiat greatly affects the economy and development of the country.

That only way bitcoin will succeed against fiat is when the government will regulate this and it will replace fiat, but I do not think it will happen soon, there are more years needed to prove how valuable bitcoin is, and we are the living witness and part of the history if this will happen.

Governments will never stand in support of bitcoins and they will continue to support their national currency and even if bitcoin gets on the mainstream we cannot expect that fiat will disappear.

Yeah right government might choose their national currencies rather than bitcoin. Maybe if there was a new country and adopt bitcoin as a currency that could happen, but I think it is impossible. Fiat is not likely to be superseded by the bitcoin whenever I think. In the future will be developed into a bitcoin digital currency, not the fiat.