Can any person teach me what is fiat?Is fiat also cryptocurrency?A lot of instances someone in this forum is speaking about fiat and I every single time seem wtf what is that?I always feel that they think about fiat auto but I now see that they dont.
I think when more people, institutions, organizations and companies will be accepting bitcoins then there will be no need of fiat and people will discard it automatically. In short bitcoin can replace fiat in future but it will take some time around 30-40 years ahead to reach to that limit. Time it will take but surely we will be seeing a cashless society in future. Hope for the best for bitcoins.
That's right, everything depends on the user, the government are just the people help smooth the popularity of FIAT or something, but they can't stop the demand of all people in the world. Someday, if Bitcoin's really becomes the world's currency, we don't need to care Bitcoin can't replace FIAT.
Absolutely yes, bitcoin can't replace fiat throughout the country. Each country has its own fiat money which is very important for paying transactions like on some ordinary stores. I would say bitcoin will be used only on highly developed countries or places with fully developed internet connections and to those placed didn't developed internet may used fiats money as an alternate paying transactions.