First of all, Bitcoin =/= Gold.
What has happened to gold will not be the exact same thing that will happen to bitcoins. First of all, gold and other precious metals used to be the currency. It' the old currency and people chose to use fiat that has gold equivalent. After a couple of years/decades, the gold was removed from the scene and you can simply purchase gold using your fiat money just like anything else.
Today, the world has changed and people talk to foreigners more and more because of the Internet. Back then, it will take you months before you can receive or send a message abroad. Along all these messages, most of them are business stuffs. And bitcoin allows you to have transaction online in almost an instant.
Gold is the past currency and bitcoin is potentially the future currency. Gold will only replace fiat money if we go back to the time wherein fiats aren't a thing yet or if we invalidate or stop accepting all of the fiat money in the world.
Topic: Bitcoin never replace Fiat Money - page 2. (Read 785 times)
Fiat system is the universally accepted one in all economic development. If the number of digital currency users compared to fiat users is calculated the number of digital currency users would be very low of less than 5%. So replacing is not at all a possible fact.
I don't think that the value of digital currencies user are up to one percent and I don't think bitcoin can completely wipes out fiat in the next 100 years to come same way fiat has not completely wipe out gold. Bitcoin as a crypto currencies has done very well in it few and we should not competitate it. 
Fiat system is the universally accepted one in all economic development. If the number of digital currency users compared to fiat users is calculated the number of digital currency users would be very low of less than 5%. So replacing is not at all a possible fact.
Wow man you are a genius you figured that out all by yourself? bitcoin was never meant to replace fiat it is simply here for us to see and decide for ourselves which imo bitcoin is even the better alternative of fiat. if you are a scientist you'll get a nice treat from fiat and if you are princess you'll roll over on fiat, if you are in government with insider info you'll get a different treat but when it comes to bitcoin everyone gets a treat based on their contribution of computational power, in btc you can start accumulating and be an equal of the rich but in fiat you can't go and buy fiat but rather you need to earn, find or steal it to be equal of the rich.
One of the reason in my opinion why Bitcoin will never replace the fiat currency is the government rejection. they will reject Bitcoin as a primary currency that can replace their own fiat currency due to the regulation and control issue. I always think that Bitcoin is best as an alternative but eversince this scaling drama being unsolved, I am now doubting Bitcoin as the best alternative.
ever thought that someday bitcoin will be able to replace fiat money, but do we ever realize that just like the gold that was already present far thousands of years ago in this world, gold is really a selling point even been recognized by all world. everywhere in the world recognize that gold has value selling, even history records that the gold had been in use as currency in some country many years ago. Even gold used as estab back up from a value of paper money or fiat, of history that already happened, even gold which is already recognized his value by the whole world can not replace the fiat money, especially if compared with bitcoin is still regarded as something new in comparison with gold, and in my opinion, bitcoin will continue to exist and continue to have sale value even price will be many-fold from today. but the same as gold, bitcoin will never be able to replace fiat money, bitcoin will only be a companion of fiat money.
Because to be able to buy or own bitcoin we still have need of fiat money which we will transfer to the exchanger website to be able to buy bitcoin.
What do you think???
Because to be able to buy or own bitcoin we still have need of fiat money which we will transfer to the exchanger website to be able to buy bitcoin.
What do you think???
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