Let me be really straightforward about this question. I think that if people in general start using and accepting bitcoin a lot, it could eventually take the place of regular money we use every day. Right now, our banking system relies on regular money that governments control. But imagine a new system where the government doesn't control how you use money. Regular money tends to lose value over time, but bitcoin doesn't have that problem. Here's an example: If you work and save money for when you're older, the value of that money might go down over the years because things become more expensive.
But if you had put your money into bitcoin instead, it might have actually grown in value. So, in simple words, learning about bitcoin could be really valuable and worth the effort.
Topic: Will Bitcoin do to Bank what email did to the post office? - page 3. (Read 439 times)
I do not think bitcoin will do to bank what email did to post office because the government do not use bank to joke and they will do what is necessary to make sure that the bank will not collapse. Even as fiat is not stable, people still like the stability of fiat which we used people from El Salvador to know about. Bitcoin helps El Salvadorans in remittance but almost all the bitcoin are converted to USD.
People prefer bitcoin as an investment. But in the process, it is possible for people to think to send bitcoin instead of fiat for international transactions which is faster and cheaper.
People should not also be fooled that fiat is stable. Fiat is not stable but decreasing in value gradually. Bitcoin is a good alternative.
People prefer bitcoin as an investment. But in the process, it is possible for people to think to send bitcoin instead of fiat for international transactions which is faster and cheaper.
People should not also be fooled that fiat is stable. Fiat is not stable but decreasing in value gradually. Bitcoin is a good alternative.
Bitcoin is changing the payment system in the world right now. Payments made in Bitcoin are always fast to receive and do not days to receive.
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