Post
Topic
Board Bitcoin Discussion
Re: Bitcoin vs Fiat
by
Allan Ramanda
on 23/08/2018, 14:17:20 UTC
Although Bitcoin exists for almost 10 years, its role in our life is still unclear. One of the theories states that Bitcoin was created to solve the problems which fiat money cannot overcome. We can see how so many Governments have huge debts and how some countries cannot support their own currency (Venezuela might be the best example now), so Bitcoin looks like a possible option nowadays. Getting rich was never the goal for Bitcoin. It was meant to become the currency of the digital world and provide an alternative to the dying economy.

So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?

Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
in my opinion the benefits of bitcoin for real life are very many, for example we can trade freely to gain profits, then send money out of the country using bitcoin. but bitcoin won't be of any use, if it doesn't have an exchange rate with fiat currency. the conclusion is that bitcoin and fiat have an important role in our lives.