Re: Bitcoin can not replace fiat

Bitcoin have the big chance to replace fiat. Becouse people in some countries were change their money in to bitcoin to save their wealth when their fiat price is fall against USD. Those country need to import logistic that they have to pay with USD. So I think people will prefer like to use bitcoin than fiat.

nope i think bitcoin barely have a chance to replace fiat, how could the world of the financial system that has been built hundreds of years ago (very strong) can be replaced by bitcoin. although bitcoin might have a bright future. but I think bitcoin will not be able to replace fiat

Bitcoin definitely has that potential, but it's contingent on a large number of factors

Indeed. And the factors bitcoin needs if ever it will replace he current fiat system is pretty much inaccessible to other countries. By now the only ones that can realistically say that they can use bitcoin as currency instead of fiat are those rich first world countries. And even then, it's almost impossible not to uae fiat for simple daily transactions

Still that will be a hardcore move. There will be a lot who will take advantage of this. There are a lot of hackers in the world of web and it might be the reason for bitcoin to be annihilated and never be seen again. I will still stay with bitcoin being the online currency only.