Quote from: South Park on September 16, 2021, 05:59:17 PM

Quote from: Valak on September 11, 2021, 09:03:52 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

If viewed from the total supply, maybe bitcoin is not enough to be used as a substitute for Fiat. If we share the total bitcoins with the entire world population, then each one only gets 0.002692 Bitcoin. That is, the amount is not enough to serve as currency in every person's wallet. But Ethereum has the ability in the context of mass adoption, because the Ethereum supply is also likely to increase, as has happened in previous years.
But what we should know is that Bitcoin can be used as a safe reserve of assets for everyone. Everyone who holds Bitcoin of course will not hesitate to lose even less than the amount they hold.

This is a huge misconception, economist make the same argument for gold, but gold was used for thousands of years and the world economies of the time ran above it, this just means that bitcoin will be incredibly valuable and that people will have to use mBTC or even lower denominations for their everyday purchases, I know this may seem impossible but I really think that is the world we are headed and I cannot wait for this to become a reality.

Indeed, the use of Bitcoin in small amounts can still be used, as using gold in small amounts (grams), even lower than grams, namely milligrams. If we look in the concept Bitcoin is satoshi for a smaller amount. But whether the small amount of Bitcoin can cover the transaction fees. For now, Bitcoin transaction fees are Bitcoin, as opposed to token transactions using the parent coin. I'm not talking about coins from the Bitcoin implementation. If we look at the implementation of Bitcoin, of course there are many other coins that are present today as alternatives.