Post
Topic
Board Economics
Re: Bitcoin can not replace fiat
by
cryptojac17
on 22/12/2017, 11:00:32 UTC
With the current price I think BTC cannot be used for micropayments (by example, go to market and buy a drink)

Bitcoin is highly divisible. The problem is high transaction fee (which can be higher than even purchase now). It will be solved soon with Lightning Network.
As of now Bitcoin cannot change Fiat in terms of paying common comodities  were Fiat money is used. Because Bitcoin is not yet tailored to be used because some facilities which is not ready yet, in other reason also  that some commercial establishment are not accepting Bitcoin .but still we can in cash Bitcoin to Fiat thats is why it is still usefull but not soo comfortable.