I also believing that bitcoins can never ever replace fiat currency evn if bitcoin will be the worlds currency.Because fiat is owned b government and not the same as bitcoin who is owned by rich peoples.But bitcoin can be in fiat currency line but can never ever replace any fiat
It depends on the power of the ordinary people. If everybody wants to use the bitcoin, bitcoin will replace fiat.
So you mean people are going to make a group and talk about bitcoin and they going to make bitcon more powerful so that they can replace fiat? How we are going to sell our bitcoin or exhcnage our bitcoin? We can't use our bitcoin into physical thing but fiat do..
I think he was talking about mass adoption. Since almost everyone wants to use bitcoin and not fiat, then bitcoin will replace fiat. Even though it's not that likely to happen anytime soon, in the far future this might happen.
We don't need to sell our bitcoins since people would accepting bitcoins directly. For example, if you want to buy something, you have to pay 0.01
BTC directly from your wallet into his wallet. No fiat is needed to get involved to buy something since everyone's using bitcoins.
Even with no physical form, bitcoin still does exist. Just like how your money in Paypal or in PerfectMoney exists. Both of them can be converted in fiat if you want to.