Post
Topic
Board Economics
Re: Bitcoin can not replace fiat
by
vibingpositively
on 21/10/2017, 16:44:22 UTC
Yes, bitcoin can't replace dollar. Because, bitcoin has no physical form and no regulation from any government controls its circulation, so it doesnt meet the qualifications of act like dollar in real life.

The fact that bitcoin does not have a physical form does not make it worse than the dollar. This is not the reason that bitcoin can not replace the dollar. The reason is that the government will not allow this

Why not it cant replace? I think it is perfectly reasonable 50 years from now we rarely use fiat and mainly use bitcoin as a form of currency dont see why thats not possible. Also governments? Please if they wanted to stop

what was happening with bitcoin they would have done so already. Bitcoin is changing from a novelty to something much more than that. I dont think anybody has the power to stop it and as a result we will see it as a primary

form of currency come 25+ years from now. Maybe I can come back to this post in that much time and say told ya so Roll Eyes Wink