Decentralization or Centralization I can not mention both as advantages or disadvantages. I prefer these two aspects to be referred to as the nature of currency. We cannot say that Decentralization is better than Centralization or vice versa. Because humans basically have their own preferences as currency users.
The advantages of cryptocurrencies over fiat are as follows
- Limited supply
- Transparent
- Full online
- Low cost
- Unlimited transactions between countries
- And much more
The advantages of cryptocurrencies over fiat are as follows
- Limited supply
- Transparent
- Full online
- Low cost
- Unlimited transactions between countries
- And much more
Crypto has many advantages over Fiat, but price volatility is what "kills" it. If it wasn't by that, crypto would've replaced Fiat already. People who need an "escape route" from the current monetary system will use crypto for their own benefit. Fiat will always dominate the world because it's backed by the government. Expect to see both crypto and Fiat live alongside each other for the foreseeable future. I'm fine with crypto being an alternative to Fiat if it remains decentralized and censorship-resistant. Just my opinion
