Post
Topic
Board Bitcoin Discussion
Re: Why Do People Believe Bitcoin Will Replace Fiat?
by
Rira6ade
on 31/08/2014, 21:38:14 UTC
The entire purpose of fiat was to be more portable and divisible than gold. Bitcoin is divisible enough and infinitely more portable than fiat. Natural selection will eventually make fiat a thing of the past but it may take decades. Government corruption/violence, and public education/awareness are the only factors that can delay its progress.