Quote from: GideonGono on December 08, 2019, 12:15:29 PM

Quote from: cheezcarls on December 06, 2019, 12:27:14 PM

... As for me, I think next decade would not be enough just yet for digital currencies to fully dominate, as most banks and people from around the world still prefer fiat more than Bitcoin, etc.

Yes, all of us are free to predict about Bitcoin and other cryptocurrencies. But for me, theyre just predictions. This world is unpredictable, as what I have said over and over again in my previous posts.

I share your opinion with mine. In my opinion, I dont really think that cryptocurrencies exist just to bring downfall of fiat system but rather I see it as a new monetary system that would go hand in hand with fiat in order to offer more choices and conveniences towards the people. Fully replacing the fiat is quiet a bold statement to make and these predictions are quiet wild in some way where they are looking far into the future with no current circumstances backing and I would classify this as a fiction for now.

Exactly. Besides, I think there are some places in this world that are not ready yet for this kind monetary system, especially in the third world countries. Also, it needs to be legalize first across the world which seems impossible for now. Just like what others say Bitcoin and other cryptocurrencies cannot replace fiat but rather could become an alternative monetary system. Moreover, I think Cryptocurrencies does not fit to become a common currency due to the fact that it is too volatile.