Post
Topic
Board Bitcoin Discussion
Re: Bitcoin vs Fiat
by
stayeduptolate
on 05/09/2018, 18:33:02 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.
Now a days we know bitcoin and other crypto currency as a mode of investment and they are considered as the most reliable and the most beneficial investment of all the times as they are able to provide the very good profit in very short span of time and thus there are millions of people around the world who are investing in bitcoin and if we look our future with bitcoin then bitcoin is consider as a very great and the safest payment method and thus bitcoin is considered as superior and a threat to Fiat currency.