Topic: Bitcoin vs Fiat - page 5. (Read 876 times)
In the future perhaps money will play an important role in world transactions. However, I want Bitcoin and Flat to exist in parallel. Personally, I am in a country that is not poor but not as developed as other countries. I see the possibility of developing in my country is too slow, so the poor countries will deal with the virtual currency. Now the problem is that Bitcoin prices are low, so do not worry about these unnecessary issues.
according to the creation of bitcoin that is used to solve problems from real or national currencies. Bitcoin should be able to work with real currencies, for a transaction that is easily transparent and with a small fee without
centralized rules. but due to decentralization, Bitcoin is converted into a trading asset and loses its true function. should bitcoin replace real currency? I don't think so, because it will be unstable for an economy and financial state.
centralized rules. but due to decentralization, Bitcoin is converted into a trading asset and loses its true function. should bitcoin replace real currency? I don't think so, because it will be unstable for an economy and financial state.
Although Bitcoin exists for almost 10 years, its role in our life is still unclear. One of the theories states that Bitcoin was created to solve the problems which fiat money cannot overcome. We can see how so many Governments have huge debts and how some countries cannot support their own currency (Venezuela might be the best example now), so Bitcoin looks like a possible option nowadays. Getting rich was never the goal for Bitcoin. It was meant to become the currency of the digital world and provide an alternative to the dying economy.
So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
Bitcoin is different from fiat currency. One should not consider to compare between the two because we know that fiat is better than bitcoin. However, there are some areas that bitcoin has an advantage and fiat does not have. Anyway bitcoin should not replace fiat because in some areas of a certain country had some difficulties in accessing internet and aside from that some people in the rural areas do not know how to use gadgets and computers to access cryptocurrency system. They usually trade their local products with fiat as a medium of exchange. So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
Although Bitcoin exists for almost 10 years, its role in our life is still unclear. One of the theories states that Bitcoin was created to solve the problems which fiat money cannot overcome. We can see how so many Governments have huge debts and how some countries cannot support their own currency (Venezuela might be the best example now), so Bitcoin looks like a possible option nowadays. Getting rich was never the goal for Bitcoin. It was meant to become the currency of the digital world and provide an alternative to the dying economy.
So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
indeed the world needs a single currency and cannot be monopolized or controlled by any country, and I think crypto currencies are very potential to become a single currency, and there will be no more countries experiencing hyper inflation because all currencies in the world are the same. So, there must be a common desire of all countries to change if they do not want a large country that can monopolize currency circulation, and all countries must support the use of digital currencies. I think this needs to be fought for.
This is a great goal to achieve. However, right now it sounds very "utopian" even for the most optimistic crypto-enthusiast.
I think bitcoin has a pretty good development and certainly has better potential. Seeing the potential of the real world has begun to be drained by the greed of humans, we now explore the world of crypto.
The slow pace of the world of crypto is eyeing and certainly, bitcoin is a well-known currency and will continue to be hunted. Bitcoin and fiat will remain side by side to see many who still prioritize fiat in everyday life. And bitcoin remains the digital currency used on the internet.
The slow pace of the world of crypto is eyeing and certainly, bitcoin is a well-known currency and will continue to be hunted. Bitcoin and fiat will remain side by side to see many who still prioritize fiat in everyday life. And bitcoin remains the digital currency used on the internet.
Although Bitcoin exists for almost 10 years, its role in our life is still unclear. One of the theories states that Bitcoin was created to solve the problems which fiat money cannot overcome. We can see how so many Governments have huge debts and how some countries cannot support their own currency (Venezuela might be the best example now), so Bitcoin looks like a possible option nowadays. Getting rich was never the goal for Bitcoin. It was meant to become the currency of the digital world and provide an alternative to the dying economy.
So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
Please stop saying bitcoin can replace fiat. It will never be. Before you say this kind of thing, think first the status of a country. Many country are modernized, wealthy and successful. How about the countries that are not? There are things that fiat can do while bitcoin cannot. Is bitcoin globally accepted as a payment method? I believe not. So please, stop this and I have read many threads like this before. So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
This was not a statement but rather an open question. Sure, it is impossible for Bitcoin to replace fiat now or in the nearest few years, but what about the long-term perspective?
Yes, Bitcoin is not globally accepted as a payment method. I guess it is not even on its halfway. However, if we take a look at the progress Bitcoin made since it was launched – it has good potential.
Yes, Bitcoin cannot do a few things that fiat can do, but who knows, maybe in the future Bitcoin will go through some changes and will be able to cover them. It is the question of future development and as far as a lot of people are interested in this – it will be done.
Yes it is right that both of them are currency but still fiat is more acceptable than bitcoin only because fiat is known to all and also everyone believe on it.
Bitcoin is just an e-currency. I think that they can not replace ordinary money.
No...I don't support bitcoin should replace fiat. Because it really goes along way to have a fiat currency and also a cryptocurrency as well. Because as people are fighting for a survival of fiat currency, so also bitcoin will also be fighting for its own survival also and this also make it a boom and well know probably for a payment tool just like some fiat does.
Bitcoin is a good alternative to existing systems and also we have full control over bitcoin for every transaction process that is peer to peer, safe and easy...
Although Bitcoin exists for almost 10 years, its role in our life is still unclear. One of the theories states that Bitcoin was created to solve the problems which fiat money cannot overcome. We can see how so many Governments have huge debts and how some countries cannot support their own currency (Venezuela might be the best example now), so Bitcoin looks like a possible option nowadays. Getting rich was never the goal for Bitcoin. It was meant to become the currency of the digital world and provide an alternative to the dying economy.
So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
In my own opinion, Bitcoin is one of the popular cryptocurrency nowadays and it is not far that it can be useable currency in our days but it can not replace physical money though. Bitcoin has a limitation and advantage, its advantage is it can be a universal currency in the world of internet bit it has a limitation, it can not immediately replace the fiat because many people could against to it. Just let it be in where it was and trust tje process.
It may be a challenging path ahead for bitcoin, but with its structure and beneficial features, cryptos cannot be ignored. With blockchain alone demonstrating so many advantages, why should we deny that? Bitcoin’s structure is better than fiat. The technology already is there. We just need to wait for the world to adopt it. Do you agree?
we must look at the situation in general, we have to ask - is it possible and will it be reasonable in global sence crypto industry replace fiat money turnover? becase bitcoin is not best coin to be a global cryptocurrency (only to my mind)
Redistribution of wealth is a possible. The idea not a new. In the world a really we can to see a procession of the wealth a distribution unfairly. The cryptocurrency can to change a financial system but I think the Bitcoin can't do this.
I just have another statement. In my opinion, Bitcoin is suitable as a value transfer tool with large numbers between countries or cross borders. the point is Bitcoin is very useful for the transfer of assets or wealth which if done using fiat will require a lot of time and money.
I would rather choose bitcoin and fiat to exist side by side just like now, because not everyone could have access to bitcoin, so if bitcoin replace fiat then what about people who can't access it. It would be a disaster because they would protest. So it's better if bitcoin and fiat live side by side.
Although Bitcoin exists for almost 10 years, its role in our life is still unclear. One of the theories states that Bitcoin was created to solve the problems which fiat money cannot overcome. We can see how so many Governments have huge debts and how some countries cannot support their own currency (Venezuela might be the best example now), so Bitcoin looks like a possible option nowadays. Getting rich was never the goal for Bitcoin. It was meant to become the currency of the digital world and provide an alternative to the dying economy.
So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
indeed the world needs a single currency and cannot be monopolized or controlled by any country, and I think crypto currencies are very potential to become a single currency, and there will be no more countries experiencing hyper inflation because all currencies in the world are the same. So, there must be a common desire of all countries to change if they do not want a large country that can monopolize currency circulation, and all countries must support the use of digital currencies. I think this needs to be fought for.
Currently bitcoin only recognised as one option to invest. Nowadays people are still comfortable using fiat money. Crypto world currency or bitcoin if wish to accept as currency should at least have a better platfoam and more save.
Although Bitcoin exists for almost 10 years, its role in our life is still unclear. One of the theories states that Bitcoin was created to solve the problems which fiat money cannot overcome. We can see how so many Governments have huge debts and how some countries cannot support their own currency (Venezuela might be the best example now), so Bitcoin looks like a possible option nowadays. Getting rich was never the goal for Bitcoin. It was meant to become the currency of the digital world and provide an alternative to the dying economy.
So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
I dont think bitcoin will replace fiat money. Bitcoin is global cryptocurrency and every country have their own regulation about currency. Bitcoin system can be used for new monetary system by government. Bitcoin can be used as global cryptocurrency and store of value like gold
The right term for this will be "CO-EXIST". We cannot say bitcoin can replace fiat in the future but they will gonna help each other. There are countries that still depends on fiat currency. Not all country can provide o sustain a technology that needed by bitcoin.
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