Post
Topic
Board Economics
Re: Bitcoin can not replace fiat
by
STT
on 01/10/2017, 08:54:23 UTC
Bitcoin is not scalable enough to replace fiat.

But it can be an additional asset, a secondary currency.

Bitcoin is more scalable then normal currency which in present form requires centralised points to regulate its worth.   A free market solution will always outweigh a proprietary system, I guess I refer to crypto overall there as innovation could mean bitcoin is surpassed.   The problem FIAT has it depends on a monopoly to exist, its a token for taxes.