Bitcoin can, but most of here says no and I agree with that because if bitcoin will be the number one and replace fiat currencies. I think Government and others will control it to take advantage to manipulate. Never be number one for bitcoin for me its okay to be number 2 and bitcoin is the better than Paypal, credit cards etc.
Yes. Bitcoin can be trusted to transform world economy into new level. For this reason I also believe in bitcoin. Believing not just in bitcoin but into the core technology which makes bitcoin possible. So, blockchain technology is the reason makes me to believe in bitcoin.
But for me I'm not agree bitcoin will be number one and replace fiat currencies. If that case bitcoin will be replace fait currency in the future for me I don't want government take control it and manipulate it as you can see in real world there is always a corrupt. that is why I don't want bitcoin to replace or to be number one Fiat currencies . just saying
I think it's a little unfair to say all government fiat currencies are corrupt. Some governments they help their fiat money remain valuable. Other countries are "bad" or corrupt and their fiat will have massive inflation.
Bitcoin really needs government acceptance to last long term. You will see exchanges registering with governments to do business. If we want mass acceptance we also want government acceptance to a point. If a government tries to block bitcoin or go against it that would not be good for value.
Government support is no longer needed when everything is available for bitcoins. Because exchanges need to handle both fiat and bitcoin of users. To handle people money we need government approval. But when everywhere bitcoin is accepted there is no need of exchanging into fiat. End of exchange as well as Government intervention.
