Post
Topic
Board Economics
Re: Bitcoin can not replace fiat
by
Fatanut
on 16/04/2017, 15:40:19 UTC
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.
the facilities are available in most parts of the world but only in some parts the facilities are not much and the reason is that the people of that place do not work to develop and establish bitcoin in their places.

Not sure what facilities are you looking for but I really think that the only facilities that you need are an Internet provider and a smartphone or a computer. Nothing else. Almost everywhere those can be found. Even rural areas on third world countries have them. And if a place is going to establish an Internet connection in their place, it would be not for bitcoin specifically. The Internet is too broad to just focus on one subject. Establishing an Internet connection in an underdeveloped place would have tons of purpose that it will get years before we can list down all of them.