Post
Topic
Board Economics
Re: Bitcoin can not replace fiat
by
AjithBtc
on 12/05/2017, 05:52:34 UTC

Well, maybe bitcoin can be an alternative to fiat, but i also think that it will not replace. There are so many things to consider in bitcoins, such as unstable prices. It may be very difficult if bitcoin replaces the fiat.

Indeed, bitcoin is an alternative currency and dedicated to online used. But locally, fiat is very useful and I don't think it will ceased to exists in the future. Also in addition to that, not all people are tech savvy enough to used btc and adoption to some maybe slow.
Bitcoin cannot replace fiat, and even tech savvy too were unaware of bitcoin. I too encountered it when I made a conversation with IT professionals who are not at all known about such an existence. When I described it to them they started to know more about it technically. So it takes time for bigger adoption from common people.