I have a hard time following the logic when people make a statement that Bitcoin will replace all fiat currency. In my world view, they coexist and will continue to coexist. I can see where some fiat currencies die and Bitcoin fills in the gap, but not on a global level. Your thoughts?
Because the way traditional fiat is handled by the banks (at least as far as I know, all fiats have interest from the people who print them) the inflation is not only inevitable, but infinite. If you put a monies side by side that has no inflation, why would it not end up being the one and only currency? The only other alternatives I see coexisting is other altcoins. It probably won't be in our lifetimes, but I believe a good 200 years from now would be no doubt. The only way this wouldn't happen is if the world goes dark (no electricity) or the internet ceases to exist.