Quote from: longlivecapitalism on March 26, 2019, 06:55:03 PM

Quote from: escapefrom3dom on March 26, 2019, 03:52:20 PM

Quote from: USBitcoinServices.Com on March 26, 2019, 03:03:27 PM

DISADVANTAGES OF FIAT MONEY:

Feel free to ADD more disadvantages.

1. Waste of paper
2. FIAT money is used for money laundering
3. Centralized by governments
4. Creates Depreciation / no value added over time!
5. You can burn FIAT money, but not crypto ONION
6. FIAT doesn't use the blockchain
7. FIAT is not backed up by algorithms and computers
8. It is owned by a few people
9. Inflation is very high
10. FIAT creates perpetual slavery
11. It is easy to manipulate and use for corruption
12. People can make fake FIAT bills
13. FIAT has no intrinsic value
14. FIAT money has no use value, (If people stop using it)

fiat money shouldn't be considered only as the opposite of cryptos. imo in the future they will organically complement each other.

That's a nice thought. Of course, we would have to get past the whole "fiat based institutions want to suppress cryptocurrencies because they are afraid of them" phase first.

bct can become smth like a digital gold, while other cryptos may act as fiat replacement.

>> https://coingape.com/bitcoin-digital-gold-economist

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