Quote from: error08 on November 24, 2016, 04:50:15 PM

Quote from: The_prodigy on November 24, 2016, 03:58:01 PM

Quote from: Parazyd on December 23, 2015, 02:54:15 PM

Yes, got you intrigued, didn't it?

Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.
Take paying a cup of coffee for example. To pay your coffee with bitcoins, one must get bitcoins first, either by mining or buying bitcoins with other kinds of money (*cough*fiat*cough). It ends up being a quite complicated process, don't you think?
Until we reach the point where paying for a cup of coffee is as easy with Bitcoin as it is with cash, we will never get mass adoption. And as far as I see it, there is no way of simplifying the acquiring of bitcoins.

Bitcoin can not really replace fiat we know that bitcoin is a very good currency in this internet and has a asset and any many alternative coins if you are going to or if there a chance that bitcoin will replace fiat then how about the other currency ? Is bitcoin gonna cut out the entire relationship with fiat?

Yes, bitcoin invented to become better medium of exchange and design to decentralized which use advanced technology around the world, it is online currency but ever been made the physical of it. I like the idea of bitcoin but I agree it won't replace fiat, mean people will still use fiat for their daily lives. We are waiting for the time comes when bitcoin already well-known by everyone and use everywhere just like fiat, it would be another method of payment but better than fiat, because the value keep increasing since the first time bitcoin was created.

Yes, of course! Bitcoin cannot replace fiat, bitcoin is designed for optional choice or alternative way of payment, it was digital and not all people use bitcoins, i think only small percentage of people on earth are using bitcoins, theres also limitation in using bitcoins online unlike on fiat you can do whatever you want. Fiat is the currency that all people recognizing and nothing can replace fiat. Fiat is the number 1 needs of all people.