Post
Topic
Board Altcoin Discussion
Re: Cryptocurrency will not replace fiat currency
by
leatutz
on 15/04/2020, 21:49:19 UTC
Look at what happening around. The first cryptocurrency bitcoin was invented to reduce the hassle of third party and have borderless transaction. Isn't it true? Now, look at what happening. People are more into investing it than using it as currency.
Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?
Not easy to know anyone what is going on others mind. Why Satoshi created Bitcoin is up to him but situation is after created which way Bitcoin is going. Bitcoin needs transaction confirmation which is mining and don't even know any third person. Bitcoin main focus was making privacy without any third person where Fiat currency never out of control any government.