Quote from: wheelz1200 on September 01, 2021, 11:31:12 PM

Quote from: anotherdayyyy on June 05, 2021, 08:57:24 AM

To fight against the control of USD thus create an anchor for people all around the global, or to make transactions apparent in cyber world, Bitcoin was coined by Satoshi(the second one is more valid).
Will the day come when everyone uses Bitcoin in daily payment(supposing new tech is applied to avoid high gas fee) and thus fiat gets abandoned? Or it won't because the amount of Bitcoin is set and all Bitcin is practically manipulated by capitalists...
Obviously , it's nearly impossible for Bitcoin to realize permant and global circulation due to its high price and scarcity, which renders it harder to take the place of fiat but it sounds that ETH is likely to be an anchor and a tool for daily use alike, surpassing BTC is feasible.
They say, if a country is at war or in upheaval, buying Bitcoin is not wise for its high volatility and USD is a better choice.
How do you think

They will exist side by side. The main reason it won't flip fiat is because national governets will never want to give up complete control of their financial system. They will exist in parallel. Eventually each will have its niche, crypto is perfect for micropayments, fiat still good for day to day transactions.

I agree that cryptocurrencies and superstitious fiat currencies have their own niches for use, where each of them has competitive advantages. It is also impossible to consider all cryptocurrencies as having a single function. So bitcoin and ether are not very suitable for micropayments, but for example, Tron or CHIA, on the contrary.