Quote from: Paid Piper on April 15, 2017, 09:14:07 PM

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Quote from: Hypnosis00 on April 13, 2017, 12:18:57 PM

Bitcoin can not replace fiat because fiat is very powerful and it is government supported so it will be hard for bitcoin to do defeat fiat. It is just good for bitcoin to not replace fiat because it will not succeed and it will just lose some time trying to do that. Skip doing that and focus on other helpful things rather than defeating or replacing fiat.

Correct, fiat is government currency and Bitcoin is independent. Governments will always want to control their currencies which is one of the main reasons why Satoshi Nakamoto created Bitcoin. I think both will exist together for a while.

actually in present time the users of bitcoin are also very few. as a large number of people still do no know any thing about bitcoin. they still need proper knowledge and introduction about bitcoin, but i think it will take decades when all the people of the world will start using bitcoin.

i think the users of bitcoin are continously increasing and we are hopeful that the number of bitcoin users will continue to increase. as we can see that even now the users of bitcoin are present in all over the world, but still the facilities of bitcoin to be use as currency is not available everywhere.

Even though the number of Bitcoin users increase there is still a low chance for Bitcoin to be greater than fiat. Aside from fiat is supported by the government, fiat also roots from their culture and most especially in different industries. If ever bitcoin will be of greater than fiat then a lot will not allow it especially those banks that will vanish if let this happen.

actually it will take a lot of time, as still not a 1 percent people of the world are using bitcoin, but we can see that the number of bitcoin users are increasing from time to time and now the users of bitcoin are available from all over the world.

This does not depend on the number of users of bitcoin. Even if many people start using bitcoin, it will not replace the dollar. These are different systems. The government will not support decentralized currency