Post
Topic
Board Economics
Re: Bitcoin can not replace fiat
by
yugo23
on 06/01/2017, 00:53:23 UTC

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.

actually bitcoin is not that secure. we can see how many people were hacked.

alright, the point is both bitcoin and fiat is not really secure. they have their own good side and bad side. however I agree with your statement. bitcoin will not change fiat totally, but in some cases we can buy stuff by bitcoin.

I don't understand here, bitcoin is secure as fuck, what do you mean by "we saw how many people got hacked"?
You're talking about scams or hacks of gambling sites?
Because here it's not the btc security which is at stake but the security of privately owned website! It's like saying that btc isn't safe because of the numerous scams, that's two different things! You have perfectly safe and secure ways of using btc but some people don't really care about security so they put their money on risky sites, scams or with very low security measures (like not allowing 2FA just because they don't find it pratical).