Quote from: Abiky on Today at 03:23:38 AM

Quote from: laris2 on August 31, 2023, 01:10:43 PM

I'd say never, because Bitcoin is not fiat with enforced tax. You pay tax on your profits, tell me when is your fiat generating profit for you?

Fiat is slavery. Bitcoin is not. With Fiat, you're subject to the rules of the government and the central bank itself. They enforce taxes on nearly anything you could imagine. With Bitcoin, that's not the case (although you're required by law to pay taxes on your crypto income). What's only deducted from your balance is a network fee that is used to support the miners. There's no such thing as "free lunch", anyways.

Without fees, BTC would be highly-vulnerable against spam attacks. If the OP takes a "deep dive" into Bitcoin, he will realize it's more than just a currency. It's revolution. The tech underpinning Bitcoin will radically transform our society in ways that were never imagined. It will enable a future of self-sovereignity, privacy, and decentralization. Who knows if BTC ends up beating Fiat as the predominant currency in the world? Just my thoughts Grin

In fact, Bitcoin's basic design represents a trend toward decentralization and self-sovereignty. But the debate is not just about Bitcoin versus Fiat; it also concerns the fundamental philosophy of blockchain technology. It could be compared to the monetary system shedding its old shell to show a more robust and transparent financial exoskeleton.

Although you pointed out that fees in Bitcoin are frequently perceived as needless, they are actually crucial to maintaining the security and stability of the system. That cost? It serves as a barrier against dangers from without as well as a means of payment.

Fiat's centralized structure has repeatedly demonstrated to us that it is vulnerable to fraud, inflation, and corruption. The paradigm that Bitcoin challenges forces us to consider a more egalitarian financial future. Bitcoin has the potential to displace traditional currencies as we go farther into the digital era. When rather than if is the question.