Quote from: davis196 on December 06, 2019, 12:27:11 PM

Quote from: Yourhomeboy on December 06, 2019, 12:14:26 PM

Quote from: Kupid002 on December 06, 2019, 12:09:13 PM

Fiat will be replaced by crypto currency but i dont think it will be bitcoin. Government want to control everything and even fiat money , bitcoin cant control by the governement so they will create thier own and will use blockchain technology to make a new way of payment before fiat currency fall.

Sure the government cannot control Cryptocurrency but the Government is likely to Crash too

Really?So you are saying that no government can't control crypto mining and trading?
What if USA and EU ban crypto mining and trading?What happens then?

Best case scenario: people protest and the ban is lifted soon. Worst case scenario: the amount of miners decreases, the difficulty rate drops and those who are still in the game keep mining as if nothing happened.

Quote from: Duzter on December 06, 2019, 02:15:47 PM

Bitcoin isn't a quick rich scheme. In my experience it is a quick rich scheme for very few users who are lucky to earn big out of the investment in a very short. Looking upon the profit earned by that few we can't believe this to be a quick rich scheme. Such a misunderstanding is the reason for people to fall on traps. Whether it is cryptocurrency or fiat when used with perfect plans and good learning about the market it'll be profiting someday.

Well, if we interpret the name of the thread loosely, it's correct. Fiat is a 'get poor slow scheme', because of inflation that inevitably makes the value of fiat decrease (what's also called 'the hidden tax'). Bitcoin, on the other hand, is not susceptible to inflation and growing in value with time due to limited supply. So it is a 'get rich' scheme, kind of, and if you compare it with getting rich while investing in things like stock, it offers profits faster.