Post
Topic
Board Bitcoin Discussion
Re: If Bitcoin is a get rich quick scheme, then fiat is a get poor slow scheme
by
the rise
on 31/12/2019, 03:06:37 UTC
I found this quality topic on twitter and it all caught my attention. I have seen that fiat is the currency of the Government and Bitcoin is the currency of the people, Can the Government Crash? if so the people cannot Crash neither, because so many people are not making good business from the fiat than in bitcoin, which have provided so much job opportunities for users who are online. Fiat will be replaced soon by bitcoin.

Share your thoughts

When you asked investors who bought Bitcoin at ATM in 2017 they would tell you touching stories some would say Bitcoin is a scam others would say it is a Ponzi scheme some believed Bitcoin is not get rich scheme however replacing Fiat with Bitcoin is not feasible due to government not to able to control it and the instability in it price would work against that particular monetary policies.
2017 and before were very worried about hacking, ransomware and unclear attitudes from the government towards bitcoin. The situation is no better than now which is only connected with falling prices and ico scams. At present the global government has not been able to take any steps against bitcoin, but they are increasing their attitude as mediators by creating legally stable coin.