Don`t you guys think bitcoin would be ideal if we did not start off with fiat?

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: buwaytress on August 20, 2019, 09:32:30 AM

You know, Bitcoin isn't the perfect solution to everything. Not even to money. It's the best alternative we've got, in my opinion, and the opinion of many I guess, but the day will come -- it should -- when a new technology will be available that will be superior to the Bitcoin solution.

Will this new thing displace Bitcoin? Or just supplant it? Maybe complement it? We can't know for sure. The nature of technology and progress is to improve.

Improvement is inevitable so we cant really give out precise things that might happen on future years.For op positiveness towards bitcoin i cant really

blame him up but coming to a point on thinking way beyond on where it do exist before fiat,i cant see for it to be fitted for that sole purpose.
This is why Fiat money will always been preferred even some do really hate such system but people will always choose this over any other things.

hugeblack

legendary

Activity: 2688

Merit: 3983

At the moment, we cannot live without cash.
In the past, silver and gold coins were printed, and the need for more money was increased.
After 1971, the world needed a lot of money, so money was built on promises, not assets.
Paper money begins on the same concept (backed by gold,) but more can be created as an infinite number of central coins are printed.
The essence of the issue is decentralization, not limited supply.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Unlimited supply can't buy the limited supply that is where you are wrong to begin with Cool

.

You can try to buy as many bitcoins as you want but eventually you will face with people who will not sell bitcoin for even a billion dollars each because they believe in the technology and ideology of bitcoin, you can get maybe 15+ million of all bitcoins but then you will run out of money and if you print more than the inflation will make sure bitcoin worth more as well and you will never be able to buy all of it.

However, even if they try the best case scenario here is that we still have other altcoins we can shift our focus in and if they want to do this to all coins ever then they would have to give power of fiat currency over to people who currently hold crypto which would work amazingly for us.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

You know, Bitcoin isn't the perfect solution to everything. Not even to money. It's the best alternative we've got, in my opinion, and the opinion of many I guess, but the day will come -- it should -- when a new technology will be available that will be superior to the Bitcoin solution.

Will this new thing displace Bitcoin? Or just supplant it? Maybe complement it? We can't know for sure. The nature of technology and progress is to improve.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: rjbtc2017 on August 20, 2019, 03:24:42 AM

Crypto Currencies are the future and as we can see many Banking Institutions and also Some Government making their move to at least have their control over Crypto Currency.

Governments have always tried to exercise control over things they consider a potential threat. Just because they consider it a potential threat it still doesn't mean crypto currencies are the future.

Let's be honest here, Bitcoin exists for almost a whole decade and the primary use case it had back in the days it no longer has today, which is to be an internet currency for quick and cheap payments. That's definitely not progress.

Yes, the price has gone up a lot, but that's about the only form of growth we can agree on that Bitcoin had and will continue to have. I'm just being realistic here. I'm a long term Bitcoin bull, but I'm not a delusional moon boy.

deisik

legendary

Activity: 3514