Topic: is bitcoin can be a fiat money? (Read 2148 times)
Well it can never actually be fiat money, can it since it is electronic? There are physical bitcoins, but they are only symbolic and correspond to a bitcoin address that holds the real bitcoins.
Bitcoin can be just an asset like gold, and silver, bitcoin can be the digital currencie were all people trade and use it over the next years, but countries adopt it or allow it its very hard to believe.
it can be possible if bitcoin technology get more advance and each country government adopt the bitcoin in their banks and then i am sure bitcoin will be get more popular and more stronger and then bitcoin can be a fiat money i hope so .
It is not possible if you are talking about gaining stable value just like fiat currency but if government start to support bitcoin than price may get pumped as it will increase demand. But mostly what we heard is government/banks researching on blockchain tech rather than supporting bitcoin as currency.
I think its impossible to happen because you cant compare a digital currency into a physical currency even bitcoin has a value its impossible to be implemented as a normal currency it would be a long process because there would be a lot of screening or question if its trying to be implemented especially to government.
It could but not so soon. The government would be needing to conduct many reviews and studies with this matter as to its safety and capability to reach its service to people. I just thinking that maybe if that will happen, the government will require everyone to gain record of our btc addresses to identify every transactions. And might as well the government will give so many rules in using bitcoins as fiat money. Best thing is, we could pinpoint the government if there is an alteration or discrepancy with our bitcoins. 
They would pay us!
They would pay us!
as you know, no countries in the world give an official regulation for bitcoin.
all the risk of taking bitcoin as transaction is personal risk to bitcoin user.
but it is a good future for us, to make a digital money for all payment and transaction.
all the risk of taking bitcoin as transaction is personal risk to bitcoin user.
but it is a good future for us, to make a digital money for all payment and transaction.
No, Never. Fundamentally bitcoin is a crypto currency and it won’t become fiat currency. If you are asking in terms of user base and number of transactions then it might be somewhere near to fiat but it won’t replace fiat. There are plenty of people unaware of bitcoin (rather advanced technology) and they are using fiat since long time (in fact they never used anything other than fiat). No matter how much we emphasize, these people who love fiat will always stick to it and unfortunately the number is large.
Yes Bro I agree and I also Want to See that Bitcoin Will Become a Fiat Currency and but It Needs a Lot of years for Bitcoin to Become a Fiat Currency Because now Bitcoin is Not Used By Everyone........
Bitcoins are not printed like fiat money, but instead are “mined” using computing power in a distributed global network of volunteer software developers. They are limited and only low percentage of people use bitcoin whereas fiat is used by everyone.
Yes Bro I agree and I also Want to See that Bitcoin Will Become a Fiat Currency and but It Needs a Lot of years for Bitcoin to Become a Fiat Currency Because now Bitcoin is Not Used By Everyone........
yes hopefully, and that is what we are all struggling and wishing for, in present time it is very difficult because bitcoin is not using and accepting in most of the stores for shopping but we can hope that a time will come when people will be using bitcoin as fiat currency and then about all stores will be using bitcoin for buying and selling..
Hope one day bitcoin will be a fiat money. Hope that there will be an atm for bitcoin which already have in other country, but it would be nice if it will be available just like the regular atms.
It would be possible if we will continue to support bitcoin and if many people will know what is bitcoin, its value, and what it is capable of. Surely, ten years from now or sooner it will become a fiat money.
It would be possible if we will continue to support bitcoin and if many people will know what is bitcoin, its value, and what it is capable of. Surely, ten years from now or sooner it will become a fiat money.
I don't think that is ever possible in future as bitcoin will never gain physical form in future, its a digital currency and same will be the scenario in future too.
Hope one day bitcoin will be a fiat money. Hope that there will be an atm for bitcoin which already have in other country, but it would be nice if it will be available just like the regular atms.
It would be possible if we will continue to support bitcoin and if many people will know what is bitcoin, its value, and what it is capable of. Surely, ten years from now or sooner it will become a fiat money.
It would be possible if we will continue to support bitcoin and if many people will know what is bitcoin, its value, and what it is capable of. Surely, ten years from now or sooner it will become a fiat money.
If we consider story behind bitcoins, we must have to agree that Bitcoin is just made for asset exchange value, that can be easily evaluate or even trade with Bitcoins.
Bitcoin itself have the highest amount of exchange with fiat currency globally, that not means that bitcoin can be fiat money. But bitcoin itself have advantage that it can be define in to small units and that units are quite lowers than our fiat currencies unit values.
Most important things is bitcoin is just a altcoin in future there may be any other possibility of altcoin having higher exchange value of current bitcoin value. That is different part. But Bitcoin is combination of cryptography and blockchain.
Any government can use blockchain technology but already cryptography embed with blockchain and bitcoin is example of it. Already for better administration advanced countries are testing blockchain technology, for better governance.
Bitcoin itself have the highest amount of exchange with fiat currency globally, that not means that bitcoin can be fiat money. But bitcoin itself have advantage that it can be define in to small units and that units are quite lowers than our fiat currencies unit values.
Most important things is bitcoin is just a altcoin in future there may be any other possibility of altcoin having higher exchange value of current bitcoin value. That is different part. But Bitcoin is combination of cryptography and blockchain.
Any government can use blockchain technology but already cryptography embed with blockchain and bitcoin is example of it. Already for better administration advanced countries are testing blockchain technology, for better governance.
Bitcoin can never be fiat no matter how popular bitcoin becomes there will always be a diiference between fiat currency and bitcoins.
Bitcoin was created to challenge and to be better than fiat then why would it want to become fiat currency
Yes totally right.Bitcoin was not created to become a fiat money in the future its made as a rival of fiat money.Bitcoin was created to challenge and to be better than fiat then why would it want to become fiat currency
It has advantages which fiat doent have and it is a digital currency so never can become fiat.
I thought that maybe if the world's governments to accept bitcoin as a currency. or a country adopt a system of bitcoin, and bitcoin as a currency to make their country
I don't think so. Bitcoin is purely virtual and digital. In short, it doesn't actually exist. Bitcoin is basically a data on the Internet, although it's used as an online currency. Bitcoin can only be fiat when they start making another fiat currency dedicated solely for Bitcoins. But I don't think they would do that because the essence of bitcoin will be gone if that happens.
I'm assuming that the OP has mistaken "Fiat" for mainstream. Bitcoin just isn't made to be mainstream, but another payment method like PayPal. You can't order some coffee and wait up too an hour for it to confirm... That's just wrong!!!
no never. this can not happen again bitcoin has portability but if became a physical space then it will occupt the same reputations which other coins are getting and it will be not protected from theif and all, this is really a bad idea with bitcoin.
Bitcoin can never be fiat no matter how popular bitcoin becomes there will always be a diiference between fiat currency and bitcoins.
Bitcoin was created to challenge and to be better than fiat then why would it want to become fiat currency
Yes totally right.Bitcoin was not created to become a fiat money in the future its made as a rival of fiat money.Bitcoin was created to challenge and to be better than fiat then why would it want to become fiat currency
It has advantages which fiat doent have and it is a digital currency so never can become fiat.
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