Post
Topic
Board Economics
Re: Bitcoin can not replace fiat
by
Xenophoto
on 15/03/2017, 15:59:08 UTC
While I do agree for other reasons, the problem you state can be solved by being paid with bitcoin. Some employers (notably, police) do have the option to pay wages in bitcoin. Though these are very few they are still there.
Not necessarily that all employees will adopt with bitcoin that is not relevant if they are not interested on bitcoin. Most just like to directly receive their paycheck and spend right away, bitcoin will not give them convenience because they are not into it unlike us who considers bitcoin already as part of our life. In the future when bitcoin will be majorly adopted, investors, traders, gamblers, and shoppers online will most likely be benefited.

Just imagine as an employee waiting for your salary to be confirmed for several days lol.  I would rather have my salary in fiat currency than going with the trend but being stressed due to the scalability issue.  Waiting for our family's bread and butter to be confirmed for several days is quite annoying.   And bitcoin will never replace the function of fiat currency smoothly.  It can be perfect as an alternative but never a primary currency.

Tons of people in this place are ranting about bitcoin transaction takes a "several days" to confirm. Several days? Can you give us proof that this really happened to you? I doubt that, honestly. I doubt that the majority of the people here talking about bitcoin slow transaction has really experienced what they are saying. Personally, 10 minutes is the average time that it takes for me to receive and send bitcoins.

By the way, is your family really starving that you have to get your salary right away. Haven't you save enough money to survive for "a several days"? I don't think so. Because if so, you should definitely change your job.