Post
Topic
Board Bitcoin Discussion
Re: Bitcoin simply cannot replace fiat
by
sandbox
on 26/12/2013, 04:36:22 UTC

Quote from the article:
"I agree that Bitcoin is intrinsically valuable, and useful (for purposes such as online payments and provably fair gaming), but the chances of it taking over the fiat world are pretty much non-existent."

Not too long ago this kind of article was saying "Bitcoin has NO intrinsic value".  Now they've had to pull back from that since it is being used to buy stuff (starting with pizza).  In the future they will also have to pull back from saying the chances of Bitcoin taking over fiat is non-existent.