Post
Topic
Board Bitcoin Discussion
Re: Do not be this type of Bitcoiner
by
levvv
on 10/12/2018, 01:46:25 UTC
Haha.

https://twitter.com/francispouliot_/status/1049313082344988673?s=21

Quote
"Buying Bitcoin is about exiting fiat. It's a bet on the future collapse of fiat money financial system. Bitcoin is the only viable alternative. It's vastly superior as censorship-resistant medium of exchage, store of value, network effect, unit of account than all competitors."

He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners?



He was talking about the fiat money financial system, and afraid it will collapse if we all use only bitcoin, not fiat anymore.
But hey, if we are using cryptocurrency in the future, i think fiat money will have no use at all.
When the cryptocurrency have a stable price, fast speed, high availability, accepted by everyone, and other advantages over fiat, no one will use fiat again, right ?