Post
Topic
Board Beginners & Help
Re: Can bitcoin exist without fiat
by
Myleschetty
on 31/08/2021, 15:41:24 UTC
Since i joined bitcointalk forum i find it difficult to make a post relating to bitcoin, bitcoin is like physical money (fiat), and i want to know the difference between fiat and bitcoin, and without fiat existence can bitcoin have a name?
The difference between fiat current and Bitcoin is that Bitcoin is decentralized digital money while fiat is backed by the government ad can be held.
Bitcoin may exist and may not without the existence of fiat because people will always search for a perfect alternative and it the search for an alternative when the government was not able to provide a proper solution to inflation is what led to the birth of Bitcoin.

after thinking all this  with seriousness i concluded that bitcoin and fiat works like brothers and sisters
Yes, base on Satoshi's opinion when he introduced Bitcoin. Besides, fiat carries/represent the traditional symbol of every country so the government won't want crypto to dethrone fiat.