Topic: Bitcoin vs Fiat (Read 876 times)

If you look at the foundations of fiat currencies, you find loose sand, not bedrock. Massive mountains of phantom wealth have been created by central-bank inflated bubbles, bubbles based not on actual expansion of net income earned from producing goods and services, but on financialization, the pyramiding of debt and leverage on a small base of real assets.

To be able to  replace fiat money by bitcoin it should be  accepted by all. Todays generation is digital but there are more who still dont know bitcoin and how it works. If that happen it takes more and long time to adopt by many specially the government and understand more about bitcoin.

We cannot rule out the possibility that some bitcoin will eventually be more widely adopted and fulfill more of the functions of money in some regions or private e-commerce networks. In five years, if you try to use fiat currency they will laugh at you. Bitcoin and other cryptocurriences will be so relevant ... there will be no reason to have the fiat currencies.

yes you are right, bitcoin has been created for almost 10 years and until now the position of bitcoin is unclear in everyday life. bitcoin often experiences problems from several countries that prohibit bitcoin.
I often hear bitcoin will become a global currency but until now bitcoin cannot become a currency that has functions like fiat uag, in my opinion it takes a very long time for bitcoin to become a currency that we can use in our daily lives.

Well, in my opinion the advantage of paper money is only one ... they can be found on the street and put in your pocket. With crypto currency, this can not happen ...
However, in the rest I can not find any disadvantages in using crypto currency instead of fiat. With the level of technology and mass of the places with the support of payment for everything using crypto currency, the choice in favor of this in my opinion

Possibly the fiat right now is more preferred by many because all over the world their is less knowledge or understanding what is bitcoin but if people around the globe will start to understand this advent of technology fiat for sure will be left behind.

Fiat is getting so boring and things now are done in a more advance and not in conventional way such as through fiat. It is just a matter of time when people will start to realize how easier faster and safier it is to use bitcoin or cryptocurrency.

I can proudly say bitcoin can never replace flat but it can be more acceptable than flat as it has been serve is various way as internet means of payment...in the next couple of years be expecting bitcoin ATM to be ramperd

Bitcoin is digital currency. Stocks are as securities traded on the stock market from which individuals or a party who purchase them and become shareholders get dividend or capital gain. Fiat money is physical money.

I think bitcoin should not replace fiat and the truth is that it is hard to happen. Although bitcoin already accepted as payment currency in some countries, i think will never replace fiat.

I don't think Bitcoin should or might replace Fiat just because they have a different nature: one is virtual, another one is physical. I'm not sure we can use them exactly the same way.
However, with time, I believe, when BTC becomes more stable and protected and people will trust in it, they will use it a lot more often then they do now or even more often then they use fiat.

It will take some time before Bitcoin replace fiat currency because they don't control the distribution of it. Control and power is very important in the government that is why it is hard for them to accept Bitcoin as a currency.

Still, fiat is a great one for now as we cannot live for now without the use of fiat, we should not compare both of them as they are really a great tool for us to pay and to have an economy balance in the world, bitcoin and fiat should unite and not to be compare with each other.

Now a days we know bitcoin and other crypto currency as a mode of investment and they are considered as the most reliable and the most beneficial investment of all the times as they are able to provide the very good profit in very short span of time and thus there are millions of people around the world who are investing in bitcoin and if we look our future with bitcoin then bitcoin is consider as a very great and the safest payment method and thus bitcoin is considered as superior and a threat to Fiat currency.

I've voted for They should both exist side by side

For me this would be the best solution, using Bitcoin for online purchases and pay with Fiat offline. Best solution! 

Bitcoin can't replace fiat and there is no crypto currency can replace fiat. How bitcoin can replace fiat whereas most of people use bitcoin as an investment because we know the potential of bitcoin, people who buy bitcoin because they want to earn money from it not to use it as a payment.

Bitcoin can't replace fiat but fiat can replace bitcoin because everyone trust fiat but not every one trust bitcoin, bitcoin still need long time to reached that position.

I think money is replaced with a token like Tether

I don't think bitcoin has to replace fiat for it to be a success, but it's an alternative option for people to use outside of the mainstream mechanisms for banking and payments. I still see bitcoin as an experiment and it is currently like in something of a beta test mode to see if it would be a viable currency. Do I think it is right now? No. Could it be in the future? Possibly. Blockchain technology clearly works as a system and payment protocol, but is it perfect as a monetary system right now? Absolutely not. That doesn't mean I think it will always be that way but the obvious fluctuations in value would be a real issue for it as a day-to-day currency. Fiat isn't perfect either and looses value other time merely due to inflation and things like quantitative easing, but bitcoin lost 50% of its value within months which wouldn't be ideal if you had all your savings in it. I think a real interesting test for it would be if it was mass adopted by a state with a failing currency, like you mentioned Venezuela. It could either go one of two ways. One would be great where the value keeps rising due to demand and everyone benefits because you get more bang for your buck, but then if another bubble happens that pops then that could be even more devastating than their fiat collapsing. Only time will tell whether bitcoin can become a viable currency or even threaten state-issued fiat, but it's going to be an interesting experiment whatever happens.

In my country most of the people live in the rural area and they only believe in fiat currency and they don't ever hear the name of crypto.