Post
Topic
Board Bitcoin Discussion
Re: Let`s say bitcoin replaces fiat. What happens?
by
Fatunad
on 22/01/2021, 20:09:05 UTC
It won't ever replace FIAT.

Fiat can scale infinitely because it is centralized. There are zero bottlenecks with FIAT.

If some magic happens and Bitcoin replaces FIAT however, it would be same as FIAT without any physical bank notes...

Bitcoin supply is limited and it is cornered by a few people. It would be total chaos and the governments would fall and the next world war would begin.


This is definitely right!

Even on my wildest dreams i never think off that bitcoin would able to replace fiat.Do we really think that government would just allow for those things to happen?

Decentralized things cant able to placed on whats had been used for thousand of years which is money, maybe in different forms but government do still handle it out.
What if question? I cant think off because there would be lots of situations will happen along the way.They cant just simply allow for this
thing to happen.