Post
Topic
Board Bitcoin Discussion
Re: Easier to spend as money only when nothing is happening
by
Swordsoffreedom
on 27/06/2025, 09:08:13 UTC

Bitcoin was not intended to replace fiat in the first place, so thinking that bitcoin will replace Fiat is a flawed taught. Fiat has been in place long before bitcoin and is considered a legal tender in every country but bitcoin is only getting recognition in recent times to many countries and even been complimented by Fiat. even Bitcoin is valued in Dollars which is considered the Fiat of a country so this further emphasizes the point that Bitcoin is very much complimented by Fiat and the value of Bitcoin measured in Fiat s it doesn't have its own currency unit of value independently.

Satoshi did not create bitcoin to replace fiat money and bitcoin itself does not have enough power to replace fiat money,  those who spread that are just talking nonsense and do not know what they are talking about.
The fiat money and banking system has been around for hundreds of years and is run by the most powerful people in the world. How could these leaders let an asset they did not create and control replace their favorite child?

I accept Bitcoins as payment for any form of transactions but i don't find it easy to spend it because i love it when i see the value of the asset i have increasing in my wallet, the value increasing by day gives me that profit i wish to get because i do see it as an investment at that time so i don't expect to be spending from may investment just like that, it's one in which I'm hoping to achieve a project with in the future except in some cases that i will spend my Bitcoin but most often every Bitcoin i accept as payment i don't  spend them in my day to day expenses.

Not just you, this is everyone's thought, including me. I believe people will be willing to accept bitcoin as a payment method for their businesses, but they will not want to spend bitcoin and see it as a waste. But for bitcoin to become a popular payment method, we not only need businesses to accept it, but we also need people to spend it. So, we should stop thinking about the prospect of bitcoin becoming a currency or payment method.