Quote from: Doan9269 on July 27, 2023, 01:28:38 PM

Quote from: peter0425 on July 27, 2023, 03:03:57 AM

Quote from: Minhxx on July 09, 2023, 01:28:44 PM

Quote from: Forever101 on June 29, 2023, 09:57:20 AM

I have studied and argue about Bitcoin some topics which I posted and also came across in other board. Today I begin to think about the whole Idea of Decentralization, and I think the inventors of bitcoins since the idea was conceived till it was birthed has done the greatest good to humanity. With my view as at the time of writing , I think bitcoins will go long way to reduce poverty if they allow it achieve it's purpose. Reducing poverty in my context is not about profit but the peer to peer transaction mechanism. The idea of centralized exchange is very much in place because a lot of people are yet to accept bitcoins but once it become accepted by majority, I think there will definitely be no reason to convert to fiat.

to replace fiat currency in countries today it is very difficult, most countries want to control our money flow, but with bitcoin it is not possible

why not stop talking about replacing of Fiat currency because that is not the objective of Satoshi Nakamoto in creating Bitcoin (at least for me) because what I do believe is crypto are created for privacy meaning something to choose from fiat as an option.
so it is not to replace Fiat instead to help people and the world.
and also that is it , for the government not to have control over users.

You're right mate, Satoshi never intends to compete other existing currencies, but he make a discovery of bitcoin in other to make provision of an alternative to the fiat currency whereby we can individually make the decision to adopt bitcoin or not, but since what he invented is what actually solves the people's needs, this make it more interesting for for the people to by themselves seek for financial increase, privacy and other benefits with what he has introduced, just as bitcoin does not stops the acceptance of fiat in El-Savador, both bitcoin and USD are legal tender, but with time, people may decide on which to finally settles with after having both experience in fiat and bitcoin.

correct and that is what my point and what I observed for long time now , people try to make it a competition but the truth is>? there are no existing competition instead both has their way on helping people to transact .
I am a crypto believer and investor and indeed that I have proven that for long time now , but I must admit that i also trust fiat in mydaily living because it is harder to produce income in crypto in daily basis.