Post
Topic
Board Bitcoin Discussion
Re: Bitcoin vs Fiat
by
maskeffec
on 27/08/2018, 08:42:58 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.
Accepting crypto currency as a global currency at this time is still not possible, because this technology must be supported by sophisticated equipment and support from the internet, this is difficult because not all regions have sophisticated equipment and support from the internet. but there are other possibilities in the future, if crypto becomes pepolor in the future, it means that each country will have its own crypto currency. this is the most logical reason.