Quote from: GeorgeJohn on January 30, 2021, 05:13:36 AM

Fiat and cryptocurrency are the same but people in society differentiate them and value fiat because its adopted by the government far back, and since the existence of the world and also a specific country, so from my research I find out that government just disliked cryptocurrency for nothing,
So differentiating fiat from bitcoin is valueless because irrespective the importance and massive adoption of fiat currency from its existence before cryptocurrency, it's obvious that fiat is money and bitcoin is money, their functions and contribution in society never depart from each other, so bitcoin now is the shortest way of transactions across the world without much process or procedures, using bitcoin everything buyable is easier to purchase without stress, so from my perspective I prefer bitcoin than fiat currency due to fast transactions process across another country, and nothing fiat can purchase bitcoin can't purchase, so no difference between both because all are currency.

Most people do not like to take risks with their money. For many people, the government is the safest organization they can trust on. So the money issued by central banks is the safest for those people. Central Banks regulate the money supply and try to boost the economy with monetary policies. However, Bitcoin does not give them so much reliance in comparison with fiat money. They consider bitcoin as a volatile, dangerous medium of exchange. In that manner, there is a difference in BTC and fiat currencies.