Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will never replace fiat cash.
by
passwordnow
on 12/12/2020, 18:40:19 UTC

Can you give more a description of that coin? I think I've heard that even before and still nothing happened. But there's CBDC, is this the coin that you're saying that would soon replace fiat? we're going digital so cash would be gone out for sure when every transaction is happening in the cloud.


Can you give more a description of that coin?
Sure it`s like bitcoin but everyone has the same hashrate or we all are distributed supply at the same rate, using block height or elapsed duration, everyone could be given the same amount of coins every block or every hour.

Never heard of CBDC.

You can have your time googling what's the description of it. Basically it is backed up by the banks and they're about to make it in different continents, like one in Europe, China, IIRC Japan and there are more to come in the future. With the similarity of your description of what you're thinking that should be made, I don't think that there will be any consensus within it. And if someone comes up with that idea and make an application out of it, that would be hard because the community has already been in the favor of bitcoin and it's hard to convince everyone from leaving bitcoin into a new and unknown coin that you're mentioning.