Quote from: avikz on August 15, 2017, 10:37:12 PM

Quote from: Misshi on August 15, 2017, 04:13:22 AM

Being the first digital currency to really establish deep and firmly in the market. Do you think in the near future Bitcoin will dominate our current currency?

I am 100% sure that bitcoin will never be able to dominate fiat currency in any way. At least for next 15 years, I don't see that happening. Bitcoin has already created a parallel economy a lot of people are earning money from it and living a decent life. However, being decentralized in nature, bitcoin will never be accepted a primary currency in any country. Also the government will not want to distribute the power of money to their citizens freely.

Bitcoin will remain as the most strong digital asset and probably few more countries will allow merchants to accept bitcoin but it can never replace a mainstream fiat.

Yes absolutely correct. Even I don't think that bitcoin will supersede fiat, both bitcoin and fiat will coexist like they do now. I don't even think if there's a need for bitcoin to supersede fiat as both have their own respective advantages and disadvantages. In fact I am of the opinion that the coexistence of bitcoin and fiat both will make the economies of most of the countries much better than the lack of anyone of the two.