Post
Topic
Board Bitcoin Discussion
Re: Bitcoin vs Fiat
by
ir.yance
on 07/09/2018, 16:31:57 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.

yes you are right, bitcoin has been created for almost 10 years and until now the position of bitcoin is unclear in everyday life. bitcoin often experiences problems from several countries that prohibit bitcoin.
I often hear bitcoin will become a global currency but until now bitcoin cannot become a currency that has functions like fiat uag, in my opinion it takes a very long time for bitcoin to become a currency that we can use in our daily lives.