Quote from: Ranly123 on January 07, 2018, 10:38:36 AM

Quote from: Parazyd on December 23, 2015, 02:54:15 PM

Yes, got you intrigued, didn't it?

Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.
Take paying a cup of coffee for example. To pay your coffee with bitcoins, one must get bitcoins first, either by mining or buying bitcoins with other kinds of money (*cough*fiat*cough). It ends up being a quite complicated process, don't you think?
Until we reach the point where paying for a cup of coffee is as easy with Bitcoin as it is with cash, we will never get mass adoption. And as far as I see it, there is no way of simplifying the acquiring of bitcoins.

It is really safe to say that bitcoin is better than gold and fiat money. We cannot change the fact that bitcoin is phenomenal in the last year but it is up to that and cannot replace how fiat money works in every individual. Bitcoin only sustain the need of some people to earn decent amount of funds but when we go to transacting in stores we need to convert our bitcoins to fiat which in my thought fiat is still superior than bitcoin.

yes, almost every day we still use fiat money in real bright bitcoin transactions as a medium for their luggage as an investment and in the end bitcoin is always exchanged for fiat money.