Re: Is Bitcoin better than Fiat?

Quote from: Fatunad on March 19, 2021, 07:18:03 PM

Quote from: Abiky on March 19, 2021, 06:22:22 PM

What do you think? Is Bitcoin better than Fiat? If not, why? Is it still too early to tell? Your input will be greatly appreciated. Thanks in advance

Both does have pro's and con's which we can really make out some differentiation between the two but never ever in my thought on thinking that Fiat would be replaced by Bitcoin.
Its really an impossible thing to happen no matter what as long government do exist then its impossible for any crypto to totally replacing out fiat because people would really still
consider on using that stable fiat on most situations even though it does have criticims for most of the time but we cant really deny when it comes to relevance.
Bitcoin is better that fiat on lots of points but we cant really consider on completely replacing it no matter what.

I agree with you very much. Both have advantages and disadvantages. The total amount of bitcoins is fixed. As the bitcoins mined by people get closer and closer to the total amount, people will not be willing to sell their bitcoins for use. Trading, this will cause deflation, and because of the Fed’s quantitative easing policy, the fiat currency will issue more US dollars, which will depreciate the currencies of various countries. This will also cause inflation. I hope that there will be some kind of cryptocurrency that can balance the two in the future. Maybe it's good.