Post
Topic
Board Bitcoin Discussion
Re: Bitcoin was created to reform money and provide financial freedom
by
BlackHatCoiner
on 05/03/2024, 13:02:22 UTC
The only problem with Bitcoin as a payment system is that fee is quiet high compared to the traditional payment system which is fiat
I wouldn't say that the transaction fee is the big problem per se. People generally don't want to rely on a property that is so volatile. They would rather use a currency that is devaluating (but in a slow and constant rate), than bet their operations in a currency that has no representatives to guarantee stability. Only if the fiat currencies completely collapse, similarly as to Zimbabwean dollars, then they'll switch to cryptocurrencies.