Post
Topic
Board Bitcoin Discussion
Re: Do you believe that digital currencies will replace Fiat?
by
Ronaldcoin2017
on 23/11/2017, 13:22:53 UTC
I do not think so, and I will hope it will never happen. you are talking about digital currency, which means connecting to internet, local BANK also have it, such as e-banking, m-banking, credit card, and most of all is having physical (metal and paper) that can be used even though internet and the electricity is off. Then how can digital currency replace it? I would prefer if the digital currency and fiat will go side by side.
There is no doubt in this that some people are still unaware of digital currencies and they are quite reluctant to work with these currencies because according to them all these are spam but on the other hand, majority of people in developed countries are in favor of working with bitcoin and other digital currencies just because they know their worth. In short, in such countries digital currencies can replace fiat.
Well i also agree on that it is really hard to change the fiat because it is traditional  and even from the past year that bitcoin has not already exist we already use fiat as a payment in all of our daily obligation ang responsibility. While in bitcoin it has really a big difference  to fiat because bitcoin is a cdyptocurrency that use to gain fiat and many people really didnt get how bitcoin exist and how dow it work maube some people will really didnt even know what is bitcoin yet.