[2018-08-04] UBS: Bitcoin Can Replace Fiat Money When It Hits $213,000 - page 2.

Slow death

legendary

Activity: 3150

Merit: 1125

Leading Crypto Sports Betting & Casino Platform

Quote from: Jgilpulg on August 04, 2018, 10:39:02 AM

Fiat money and traditional banking have to be replaced by a neutral

this will not happen even if they spend more than 100 years, as I said in a previous comment, governments are a small group of people who are to defend their own interests, they will not give up their centralized system that allows them to have control of their interests to put a centralized system where they have no control and can lose everything. Power is something addictive and so many people kill hundreds of other people just because of power.

1Referee

legendary

Activity: 2170

Merit: 1427

Pretty poorly written article.

I expected a more in-depth article exactly explaining why they think Bitcoin can replace fiat, but it seems to be a rushed article targeting noobs with flashy figures.

Important is to not focus on Bitcoin to replace fiat currencies, but to give people the option (freedom) to choose what currency they want to use. Fiat won't be going anywhere, banks won't be going anywhere and governments won't be going anywhere. Instead of wasting time on waiting for them to vanish (which won't happen), use Bitcoin right now and stop using fiat and banks where you can. I have been doing that for ages and it works perfectly fine. No excuses.

Jgilpulg

member

Activity: 137

Merit: 10

Fiat money and traditional banking have to be replaced by a neutral, borderless, and frictionless system, such as a decentralized peer-to-peer electronic cash system: Bitcoin.

https://bitcoinist.com/ubs-bitcoin-replace-fiat-money-213000/

Topic: [2018-08-04] UBS: Bitcoin Can Replace Fiat Money When It Hits $213,000 - page 2. (Read 273 times)