Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin better than Fiat?
by
conected
on 06/04/2021, 13:08:15 UTC
bitcoin is 10 times better than fiat. It is our escape route from the government who only wants to print money without thinking of the consequences.
I hate to disagree with you on bitcoin being 10 times better than fiat and over. From the way I see it, its not really intact, there should not be a comparison between the two because, despite the fact that they are both currencies, they function in different spheres. While bitcoin is limited to online and software operations, fiat operates its equivalent in the physical sphere. Besides, bitcoin is a highly unstable currency compared to fiat which is farely stable. Due to the instability of bitcoin, it becomes a disadvantage to it, making it a not very suitable spending currency.
- Indeed, from a spending perspective, in a more stable and physical form, fiat really captures a lot of users' love while bitcoin can be understood as currency but using it is difficult, trouble in the system of validation and scrutiny from the government is always problematic. Perhaps the comparison here can only yield an equivalent result, the usefulness of fiat and bitcoin will be optimized when we apply both to the right areas, the existence of these two assets is just for our convenience, there is no need to argue and compare