Quote from: Febo on March 07, 2020, 06:45:25 PM

Quote from: bitbunnny on March 06, 2020, 09:13:37 PM

Quote from: Febo on March 06, 2020, 07:52:46 PM

Quote from: release on March 06, 2020, 12:35:42 AM

I ask this because of the corona virus where people are too scared to hold money.

The issue is that we value btc against the usd and other fiat currencies. If fiat currencies were no longer how would bitcoin be valued...inflation etc? Can't get my head around how it would work.

Nope. Maybe for the next Corona, that come 10 years from now. Bitcoin is in very early stages of development. Because it made few people super rich is way over hyped.

Bitcoin is leading cryptocurrency and probably will stay so but it will not become leading currency because it can't compete with fiat currencies, at least not yet. Not corona virus or any other threath will change that.
When you look how little percentage of overal population in the world is using Bitcoin then it's everything clear. At the moment Bitcoin doesn't have a chance compared to fiat.

Trust me in 50 years from now or less there will be no government or organisation controlled currency anymore. At least not any that will be meaningfully valued.

You are right, this time will come much earlier because! What is the point of “Stablecoins” pegged to the dollar or to any Fiat currency if they can be printed as much as you want?
It is a necessary condition that the Fiat issue depends on the total real volume of the decentralized world economy, and not on the whim of the local authorities, but these are my fantasies.