Quote from: chenczane on August 23, 2018, 07:56:39 PM

Quote from: Bonpay on August 23, 2018, 07:01:14 AM

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.

Please stop saying bitcoin can replace fiat. It will never be. Before you say this kind of thing, think first the status of a country. Many country are modernized, wealthy and successful. How about the countries that are not? There are things that fiat can do while bitcoin cannot. Is bitcoin globally accepted as a payment method? I believe not. So please, stop this and I have read many threads like this before.

This was not a statement but rather an open question. Sure, it is impossible for Bitcoin to replace fiat now or in the nearest few years, but what about the long-term perspective?

Yes, Bitcoin is not globally accepted as a payment method. I guess it is not even on its halfway. However, if we take a look at the progress Bitcoin made since it was launched it has good potential.
Yes, Bitcoin cannot do a few things that fiat can do, but who knows, maybe in the future Bitcoin will go through some changes and will be able to cover them. It is the question of future development and as far as a lot of people are interested in this it will be done.