Quote from: PokerFace3 on March 18, 2017, 05:27:06 PM

Quote from: gabmen on March 16, 2017, 09:47:19 AM

Quote from: Vivace92 on March 16, 2017, 09:09:17 AM

There has not been a country that officially approved the use of bitcoin, the main factor because they are still using fiat money for all transactions. Bitcoin will never replace a fiat money because bitcoin is decentralized and could not be in control.

Well there are already countries that recognizes and is in approval of btc. I've read that the philippine central bank already does this. Though i agree with you on the part that btc won't ever replace fiat. Possible even that without fiat bitcoin wouldn't survive. That is at thia point but i don't think there would be a scenario where in it would have to be a choice between the two. We can work better with both anyways

Yes, actually most of the bigger countries like USA and Canada have a positive view towards bitcoins and though they don't ban it completely at the same time they want to make sure that money laundering and crimes does not get arise due to bitcoins, which in my option is correct too. There is never a need of replacement both can live together, I agree with you.

Yeah and why to choose one if we can use both of them as still there are many places where only fiat can be used and bitcoin is no where in the list and bitcoin is good when it comes to spending online so I think we need both of them even in future.