Re: 99% of the people still think that fiat money are better than crypto

Quote from: tylerderden on April 23, 2018, 06:31:12 AM

Quote from: davis196 on November 09, 2017, 12:36:26 PM

I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money. Grin

"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?

Its true that bitcoin has gained a lot of popularity among the people all over the world and because of which its users have also increased a lot. But still I dont think that bitcoin is better than Fiat currency. This is because firstly, Fiat currency is way more popular than crypto currency. Fiat currency has many more Users than crypto currency who only use Fiat currency. Fiat currency is trusted by most of the people where as crypto currency is not trusted by most of the people.

No doubt that fiat currency is still believed by the people because it is backed by the governments, while cryptocurrency is decentralized and the governments has nothing to do with it. Crypto depends on internet and your friend is right about it. It will take long time for the ordinary people to become part of crypto world because it is hard for them to believe a digital currency.