I hear it all the time. Bitcoin/crypto is alternative to fiat. And almost every token philosophy is based on this premise.
The question: can cryptocurrency beat legacy financial institutions to the point of replacing them?
... Thought as much... The much lauded JPMCoin was all noise and no substance. But can an accident happen to make legacy institutions catch up to the decentralized world?
Well i believe in future we will use this technology for every transactions that we do in our live. But dont ever think bitcoin could replace the fiat money, its absurd and i dont think bitcoin even a currency cause it so volatile even though i do agree that bitcoin could be use to do transactions and also has a value, but still i dont think i would use bitcoin to buy something.