Quote from: TheEconomists on February 20, 2022, 12:29:30 AM

Quote from: laredo7mm on February 15, 2022, 06:40:39 PM

We all know that bitcoin is the king and father of all digital assets. Bitcoin was created for 2 purposes.

1. To be an alternative to fiat currency.
2. Stay free from govt control.

At present some big online marketplaces accept bitcoin but from being an alternative payment to fiat currency I think we are still behind. We also saw many countries are hostile towards bitcoin and china baned everything related to bitcoin. So china's ban on bitcoin shows that it's free from govt control or its the opposite? Bitcoin can really be the alternative to fiat in spite of this extreme volatility?

Bitcoin still have a lot of time in other to fulfill its purpose as an alternative if you to talk about that one because there is not time frame for that to happen, so can't conclude now that it has failed to fulfill it purpose at this time.

We can't say that Bitcoin has failed to fulfill its original purpose as a payment alternative. Because Bitcoin is relatively new in this world compared
to fiat, we are too quick to jump to conclusions right now. After all, there are still many people who don't know Bitcoin or even get the wrong
information about Bitcoin. Currently, only a few countries accept Bitcoin as payment. But in the future the majority of countries will accept Bitcoin
as payment. Today many countries are too afraid of their country's currency being replaced by Bitcoin, even though the purpose of Bitcoin was
not created to replace fiat. The majority of people in the world do take longer to realize that they should use Bitcoin as a payment alternative.
So there comes a time when Bitcoin will reach its goal, at least the next decade will see significant changes in this world, I predict the next decade
will see Bitcoin getting closer to its original purpose.