Quote from: Agbe on Today at 06:19:43 PM

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?

I believe Bitcoin is still the alternative to the Fiat currencies in the world.

No currency in the world can be out of control from the nation government because there was a currency existing in the state before Bitcoin so it is the decision of the government to accept it or not..

This is why it did really get that much support and recognition because there are people who do really loves out decentralization and anonymity which is totally opposing
on what we do have today which is too centralized.Although there are people who do presume out that it could replace fiat someday which is totally not that possible.
Being optimistic isnt bad but be sure that you should really be realistic because as long government does exist then it wouldnt happen but surely they could
both co-exist.