Post
Topic
Board Bitcoin Discussion
Re: Bitcoin vs Fiat
by
basyang
on 27/08/2018, 05:41:58 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 own opinion, Bitcoin is one of the popular cryptocurrency nowadays and it is not far that it can be useable currency in our days but it can not replace physical money though. Bitcoin has a limitation and advantage, its advantage is it can be a universal currency in the world of internet bit it has a limitation, it can not immediately replace the fiat because many people could against to it. Just let it be in where it was and trust tje process.