bitcoin wont "replace" fiat.
fiat will exist due to minimum wage, legal tender, taxation, fines and duties laws. keeping fiat in circulation.
bitcoin will become a popular alternative.
but dont think bitcoin will become the only 'one world' currency to pay for every countries public services and civil servants/bureaucrats excessive salary.
bitcoin will be an open choice. not the only choice.
however while fiat hyper inflates (unrelated to bitcoin specifically but due to failings of fiat itself) yes people will realise hoarding assets its better. whether its bitcoin or collectable precious metals/gemstones
Topic: Coin Collections will become more valueble when Bitcoin replace Fiat currencies - page 2. (Read 958 times)
December 11, 2016, 09:37:02 AM
December 11, 2016, 09:32:05 AM
(if we exclude numismatic value from consideration, of course)...
hmm 2 random people suddenly pull the same buzzword out of their hat within 3 minutes of each other..
that have not been regular words used on this forum in the past. ok.. more than a coincidence
I am a Numismatists, so it is not strange in our community to use that phrase, but yea... strange coincidence.. where did you quote that from?
I have used this term in some of my previous threads about this topic too... but I asked a different question "Would Fiat be missed" by the
coin collectors of this world. We had a good discussion about that, so I followed up with this thread.
Edit : https://bitcointalksearch.org/topic/what-happens-with-coin-collectors-and-people-into-numismatics-1028858
December 11, 2016, 09:23:01 AM
(if we exclude numismatic value from consideration, of course)...
hmm 2 random people suddenly pull the same buzzword out of their hat within 3 minutes of each other..
that have not been regular words used on this forum in the past. ok.. more than a coincidence
December 11, 2016, 09:07:04 AM
Do you agree with me that coin collections out there, will become more valuable as Bitcoin and other Crypto currency replace fiat currencies?
The Numismatists out there will benefit from a world where fiat currencies are replaced by Bitcoin. If I were you, I would take great care of
your coin collections, because they will be replaced by some form of Crypto currency in the future.
Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are
often characterized as students or collectors of coins, the discipline also includes the broader study of money and other payment media used
to resolve debts and the exchange of goods.
The Numismatists out there will benefit from a world where fiat currencies are replaced by Bitcoin. If I were you, I would take great care of
your coin collections, because they will be replaced by some form of Crypto currency in the future.
Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are
often characterized as students or collectors of coins, the discipline also includes the broader study of money and other payment media used
to resolve debts and the exchange of goods.
Jump to: