Post
Topic
Board Bitcoin Discussion
Re: If Bitcoin is a get rich quick scheme, then fiat is a get poor slow scheme
by
Meowth05
on 16/01/2020, 05:33:31 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

A lot of people speculating that cryptocurrencies will eventually replace Fiat but I think not because first of all government who is the one handled the monetary system. It will be hard for government to monitor this kind of currency so there's a high for them to not accept this technology or simply ban this on their country. Probably, they will use it as an alternative monetary system for the country.