Bitcoin Forum

Haha.

https://twitter.com/francispouliot_/status/1049313082344988673?s=21


He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners?

Yeah, I agree, he's taking it to the extreme and probably doesn't know a lot about the financial system either.

The main characteristic of what makes a payment system viable that crypto currencies don't have yet are stability, maturity & trustworthiness.

You can't just switch to crypto overnight, just take a look at the current credit card & cash systems. They have been around for a lot of time now and are still used in parallel.

Most likely crypto will be the 3rd form of payment along side these.

Totally, both bitcoin and fiat can coexist productively ij the same space. And parading bitcoin as a replacement rather than an alternative is deviating from the creators' goals.
We all enjoy the advantages of decentralization of bitcoin, doesn't mean we would deprive ourselves TGE benefits of centralization of fiat.

At every sector of the world, be it financial or non-financial, you will always find such extremists around. Take an example of Mr. Donald Trump as a president of the most powerful country of the world. Trump has already fueled the ground of third world war and rest of the events will take shape in a matter of time. If  you are aware of the recent tariff and duty war with China and imposed ban on Iran, my statement will make sense to you!

The good part is that, here you can ignore the tweet because you know that bitcoin can't be a viable solution to the sustainability of the world economy. So doesn't really matter what they say or do.

Damn he is taking it too far, having bitcoin and fiat together is not that bad and its better if they both exist ,all I believe is in the future people will have to trust blockchain tech ,lack of trust still plagues blockchain technology presently.

He wants it to collapse like many other people who see the current system as oppressive. Whether it is or it is not is a matter for a longer discussion, but there are many people like him. Financial systems built on debt, money printing, lending and trading, are meant to collapse. Most fiat currencies disappeared within the last 100 years. Some did that more than once. Once upon a time we had Uganda Shilling, Somalia Shilling, South Korean Old Won ....

I wonder what such people would do after when they exit fiat but doesn't get a lot of places to spend their Bitcoin and would eventually require to use fiat again at the end. It is not like we don't like Bitcoin, but it is not really a necessity for the traditional financial systems to collapse in order for Bitcoin to make a place for itself. The technology is commendable, no doubt, but it still has some things that are not suitable for some uses of fiat.

I think that guy is a complete troll. There's no way that fiat system will collapse because of crypto. Crypto is here not to make those financial system to become obsolete but rather people have others alternatives so that we will not be a slave on the fiat or monetary system. Let both system co-exist and let us have the freedom to choose whenever or whatever we want.

He might be a very passionate Bitcoin supporter but an ignorant on the financial system around him. Well, i guess it's just his assumption or a wild prediction out of desperation on the current trends of the Bitcoin's price. I could not say that he is out of his mind but his prediction is beyond the borders between Crypto and fiat currency.

I also don't think that messages like these help Bitcoin in any way. It just makes it look like Bitcoin is a currency for conspiracy theorists.
Now, I personally do believe that Bitcoin could be a great store of value, in case of economic turmoil, but when people start making predictions about the collapse of fiat, it makes it seem like a conspiracy theory.

I really liked this response to the tweet:


https://twitter.com/mecampbellsoup/status/1049318276050948097

using bitcoin as an alternative to fiat is not saying that bitcoin is the nuke button to destroy fiat. but is the underground bunker should fiat ever nuke itself.

the quote windfury picked never mentioned that bitcoin would destroy fiat, but be an alternative safety zone

i understand windfury and his buddies are only interested in bitcoin so they can double their fiat and run back to fiat. but some people actually want something that counters fiat and offers an alternative.
there are many many topics where windfury has shown his desires for managed account services and locked funds and 3-5 days settlements with chargebacks being part of bitcoin..

but bitcoins utility should remain as something that offers something fiat cant

Too aggressive. He may meant to convince his followers to invest in bitcoin but its just too extreme that an economic meltdown will happen and the bitcoin is the only solution. He just can't wait for the price to go up to $20k again so he wants it to fastforward by tweeting that. Quite a twisted view from an influencer with huge number of follower.

Very exaggerated post. Why would worldwide fiat currencies collapse? Collapsing of all currencies would mean collapsing the whole financial system and I bet that Bitcoin would be the last thing you (and us) would be thinking about.

unfortunately some people take things too far when it comes to bitcoin. they have a tendency of thinking it is kill or be killed situation with bitcoin and banks! which is pretty weird because banks can easily adopt bitcoin and become even stronger!

and not to mention that what that tweet is saying can only be applied to one country or in case a bigger financial crisis multiple countries not the whole world whereas bitcoin belongs to the whole world.

But saying that holding Bitcoin as a "bet on the collapse of the financial system" like he wants it to happen because he is a "HODLER" is stupid.



Do agree that Bitcoin is the only "viable" alternative?


Warning, my "buddies" in the Bilderberg group and I will hold Bitcoin only after we double our fiat. Hahahahahahaha!


What "services" are you talking about?

" The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. " - http://www.resourceinvestor.com/2011/01/23/time-different-dollar

People know fiat currencies will eventually fail, so statements like this is not totally exaggerated if you take it from that context. It is not as if Bitcoiners want fiat to fail, they rather know what the end result will be and they are giving people advance notice that it is going to happen.

Why should people ignore the signs of a massive tornado, if they can prepare for it? Bitcoin is Plan B, when these fiat currencies start failing.  8)

Social media posts usually sound more radical and extremist,in order to get viral (more shares,more followers).
I don't believe that this guy is such a bitcoin fanatic.He just wants to spread awareness around the noobs,that bitcoin "is the future".This is more like a propaganda thing,instead of an honest statement.

It is not easily that possible in my opinion. Do you really believe the top whale-cummulators of all whale-cumulators' and their masters will not move and manipulate their politician puppets to protect their interests? A world war would have to break out first before something can bring down their fiat "playground", if it can bring it down.

Yes, he has taken it to the extreme. I think he has just entered in the crypto world and is overexcited. 

Everyone think according to his own mind. According to me bitcoin is a digital currency and it needs to be adopted as it has many benefits :)

It will never happen. Bitcoin will stay bitcoin and fiat will stay as fiat. The governments will not sit and watch that happen. That why some countrys are banned bitcoin now for obvious reason. They dont want bitcoin take over their economy. So bitcoin will become bitcoin and fiat will always become fiat. Not more then that.

if you see from his words, he really expects the fiat financial system to collapse and be replaced with crypto. yes, that is too extreme, when the real system has been established and a new system is still emerging, I think the government will not accept it. because the risk is very large. Even though technology is more powerful. but the value is a priority for transactions. especially stable value. better is fiat in collaboration with crypto. it is very good in my opinion.

Seems to me that the writing is already on the wall.
I don't read that comment as if he wants the system to collapse, but rather when it does at least we will have sound money to exchange value with.
Woke people will be in a good starting position for a financial reset and those who still believe fiat is money will have the curtain pulled back and they will see that they have been getting conned their entire lives.
When control of the money supply is given back to the people who actually contribute to it's value (not the social parasites who call themselves financial elites), you can surely expect a major downsizing if not total dissolution of governments and central banks.
Without the criminal banking cabals and their political muppets in control of peoples money they will find it very difficult to wage their wars and wreak havoc around the world.
When people are not divided by false flags and fear, I expect humanity will unite and usher in an era of peace and prosperity like we have never seen before.

Bitcoin is definitely not just about exiting fiat. But to a lot of people, me included the draw is to be my own bank, to the extent that I can be.

I like not having other people control my money. I also believe that the dollar keeps losing it's value and it might lose its value really fast in the future.

The collapse of the dollar doesn't necessarily mean that bitcoin and other crypto (or even regular) currencies will rise to the top and that the people of the USA will all lose their money.


There's still stocks and property. Stocks and property don't base their value on the dollar even if they are dollar denominated at this point in time. The dollar collapsing doesn't necessarily mean that everyone will start using bitcoin.

Even if everyone tried to use bitcoin to be "exiting fiat" we don't currently have working scalability to keep bitcoin decentralized and censorship resistant. People would have to use bitcoin accounts on online institutions that would mirror banks. This would be a superior system (to current banking) in my opinion but this is a different discussion all together. 

in my opinion, in the future fiat will still survive. but the crypto will be a competitor for fiat in the future, and crypto will dominate every transaction, we will see crypto used to pay for items that have little value or even for large businesses.

fiat will be used by some people who do not understand technology, and they are primitive.

A lot of people take it to the extreme for the attention it provides - not many people (on the outer anyways) are interested in hearing smart people taking their time and doing 'mediocre' things with 'mediocre' opinions

because the population in this world, almost 80% do not use bitcoin, and if he forces to replace fiat to bitcoin, isn't that a violation because he insists. the government also certainly does not approve it, because bitcoin does not have clear regulations, and fiat is an important element for a country's economy, not bitcoin.

This kind of bitcoiner is being too aggressive and somehow irrational. I believe everything should be treated with a gradual process and this is the best way to go if we want people to embrace the world of cryptocurrencies. I think we need the right approach to ensure that this becomes a reality.

That is a significant risk, do you accept all bets on Bitcoin? If Bitcoin replaces the FIAT, you will become rich through fortune change, if this does not happen you will die in misery. Would you like to trade it all for Bitcoin?

It's really crazy to think that bitcoin is gonna send Fiat parking and be the number one currency or medium of exchange,anyone who thought about that for a second actually needs a rethink and also to go take a look at the bitcoin whitepaper

That wasn't the intention of nakamoto,it was simply meant to be alternate to fiat and work without an institution as opposed to fiat..

There would never come a time when bitcoin will be used more than conventional Fiat currencies,thats a fact

BTC is not even an alternative to fiat currencies lile USD. There is a long way to go. Fiat currency does not fit all needs of our financial system that we have now and BTC may offer more. But it still needs to have standard properties of an usual fiat currency like stability and acceptance.

Cryptocurrency will achieve a lot in the future, but I don't think it can completely replace Fiat money. Perhaps this will happen, but very not soon. In first it is necessary that people get used to it. Also a big problem is the instability of crypto. This does not allow it to exist as a full-fledged beach instrument and so far it remains only a speculative tool.

I know right, and I don't know why people are saying that the Bitcoin and other crypto currencies will be taking over the world of currency in the future. I am not taking their posts seriously since I know most of them are half-hearted posts but there are people that read these posts and that can affect their belief unto Bitcoin that may be passed unto other.

Yes, about the rumors that many people have been fooled by the blockchain, I do not like this news and I think it is fake, and what about you? I have seen and do not understand why we do not trust blockchain, which makes it safe and gives us money :-\.

I think he is only a user who is too proud of Bitcoin above all, he will understand then after seeing the price of bitcoin jiggling
and the bad situation in bitcoin like now, that bitcoin is not a perfect currency, we need fiat and fiat will stay alive anytime

the correct word seems to be "desperate". at least that is the way i see it, because it was published during on of the downtrends a while ago and it only shows how the author has been losing money and wanting to hype up bitcoin thinking that way he can save his investment and make some money back. i am willing to bet that he doesn't understand the concepts he posted in his tweet and is just repeating them like a parrot!

You're right, this guy is more interested in collecting twitter followers than anything else. He knows how to push peoples' buttons by putting together combinations of buzz words.

He also fails to realize that you can't have bitcoin without a healthy economy. If the economy collapses, bitcoin is going down with it... It may resurface if a solid power grid and internet connectivity is still around, but its going to be one of the first high-risk investments sold off in the face of an oncoming stock market crash. Which people will then, however ironically, pile into fiat as a safe haven investment.

Yes, they have done it before and they will do it again. The masters of the fiat system would have moved their "wealth" into another store of value, long before the collapse would happen, because they are the architects of this system and they know when it will collapse. <After all, they are the people who are manipulating it>

Do not underestimate the resolve of these maniacs, just look at the damage that were done with the 2008 financial crisis. Tax money cannot bail out these people forever.  >:(

I don't pretend bitcoin as a bet, actually I am not that type of bitcoiner. I pretend bitcoin as a great chance to gain profit in the fluctuations price of it. Believe it or not, people are move from cash to digital money usage. Governments support electronic transactions which provide lower cost of maintenance and better supervision. If we talk in macro economy scope, the fiat money system was already create very big chaos, government always spend more money or create fiscal policy to balance the economy and improve it litle by litle but the inflation of fiat money always cause very bad impact to the economy. I personally prefer to save gold rather than fiat but  it is not practical. So I still need fiat as well. I hope there are medium of exchange that the price always moves in line with gold price. Believe me, our economy will be better.

He was talking about the fiat money financial system, and afraid it will collapse if we all use only bitcoin, not fiat anymore.
But hey, if we are using cryptocurrency in the future, i think fiat money will have no use at all.
When the cryptocurrency have a stable price, fast speed, high availability, accepted by everyone, and other advantages over fiat, no one will use fiat again, right ?

Bitcoin is just a digital currency that can be accessed through the internet and indeed Bitcoin will still be a Bitcoin.  fiat will still keep be fiat because Bitcoin and fiat are different, maybe I think people will forget themselves when they have a lot of Bitcoin and forget about fiat, but fiat will always be there and Bitcoin is not necessarily will always there.

may be able to make a lot of money to invest in it or our little allowance so we can no longer invest in it with very little capital.

too many people think a dollar is just a dollar. and anyone that has a billion dollars. is holding the same dollar as someone that just went to the bank ATM and got bank notes out.

when they realise that the petrodollar. and the SDR dollar is not the same as a fiat ATM dollar. they will be shocked.

an bank note $10 will always only be $10. and over the years it buys less loaves of bread.
a SDR/petrodollar moves with other countries currencies. and compared to other countries doesnt lose as much bread loaf value as a bank note does.

to simplfy it down to common folk. a bank note $10 will always be a $10 in your pocket.
but the digital bank account dollar might be $10.10 next year at 1% interest/inflation

that said. many people buy assets that today are worth $X but in future. could be worth $XXXX while still only buying the same amount of bread as previous years.

what i find estounding is why we even measure bitcoin against the dollar. and then other countries have to measure their native fiat against the dollar and then measure to bitcoin.

imagine if bitcoin was invents a decade earlier. and was measured against the Zimbabwe dollar as the primary.. think about that

to those thinking the dollar cant/wont collapse. again look to zimbabwe

to those thinking "america too big to fail" fail to realise that america is too big. even when the words "americas too big" passes their lips
just look at the pensions vs populations.

the baby boomers that have been paying in pensions are about to get to retirement age and instead of seeding/inputting funds. they are going to be leaching/taking out.

the rest of the population. (less populace per age bracket) will be at a deficit. because 60 years ago it was only calculated that people live for 10 years after retirement. but now people are living 20-50 years after retirement
so all them people on 'guaranteed income' pensions will be eating well passed what they input and chewing on the inputs of others.
most will just take it out as lump sums which still extend beyond how much they put in.

so expect the next banking crash to not be about housing subprimes. but the pensions deficit. and dont expect people to just pass away quietly of 'old age' due to poverty. expect lots of human rights and civil court drama adding more funds to be taken out the banks holdings

Then do you agree with Francis Pouliot that "Bitcoin is the only viable alternative" to the fiat money system, and that holding it is a bet on its collapse?

Bitcoin is indeed a viable alternative for bitcoin holders, but for those who don't know bitcoin, they will answer gold is a viable alternative. So this depends on each individual, for those of us who know with bitcoin, they will run with the right bitcoin for alternative investments.

You don't know his background. If you live in venezuela and have to travel hundreds of miles to get into colombia just to buy some rice, then you would be saying the same thing and focusing in bitcoin while the financial system collapses

Many crypto-enthusiasts are very fanatical. Thinking is absolutely irrational. Regarding the future of the financial system is currently difficult to say. The only thing I can say is that cryptocurrencies will develop.

Bitcoin does have value and will grow with it, eventually, it will become an alternative tool for investment. It's a good opportunity to be in it and manage it well so you don't regret it. Don't make market welds that are collapsing all of this requires a process for proper development.

there is so much fight on bitcoin and lots of blood being shed just because people want to buy more of it while they are still young and bitcoin price is still low so that they can enjoy the millions of dollars profit in the long run when every average Joe in the street finds out about bitcoin and wants in but too late. right now they can FUD and manipulate the price to crash so they can buy more but in some years in the future they won't.

I believe the financial economy is big enough for cryptocurrencies and fiat currency. The user can use both currencies to suit his need. Fiat currency will not die because of the cryptocurrencies as the mainstream society are yet to adapt its use

He only uses it the way he knows how to. Everybody does it too because they see a lot of prospect on how to use Bitcoin and other crypto for now.

hmmm, it is too much. i don't know he is really sure about that but we should be careful

The guy is madly in love with Bitcoin, like Gollum with his ring  :D or he has came to us from a rather distant future and is right.

I used to think that in the event of a financial crisis, bitcoin will go up. But lately there has been a trend that bitcoin is following the stock market. Therefore, one can hardly hope that the bitcoiners will benefit from the financial crisis.

I think they risked Bitcoin with Topics.
1. If the price of bitcoin decreases, the opponent will lose.
2. If the bitcoin price rises, the opponent will win.
They don't want bitcoin to collapse, but they only make bets using topics with bitcoin betting themes, I think they seem to play games.
Nobody wants Bitcoin to collapse, all still looking for income using different topics and various ways to continue to generate bitcoin.
Maybe that's my thinking.

I think bitcoin will achieve many things in the future, but I don't think it can completely replace Fiat's money.
Maybe this will happen, but not immediately. Everyone must know bitcoin and recognize the nature of the cryptocurency itself. In essence all must also know about the problem of crypto instability. All require a long process.

I thought he was obsessed with betting, so he didn't think that BTC's journey was still long, he was too greedy and selfish.

I think, his choice is very bad and will only affect the market to fall deeper.

It's one of the things I'm still surprised many bitcoiners don't understand, you don't cripple fiat and expect bitcoin to rise as replacement. It's not just possible, think about the world population, then how much bitcoin is out there and how many people can actually get their hands on it?

Bitcoin supposed to be an alternative currency, bitcoin introduce a new payment system that makes the transaction become easier, its not supposed to make a threat to the fiat, and bitcoin is not meant to be a store of value, many people now become frustrated because they consider bitcoin as store of value and now the price keep on falling, bitcoin and fiat suppose to be working together to makes our lives become better

This is a big bet for the change of the world. Do you believe Bitcoin can replace FIAT? If it cannot replace FIAT and crash, do you believe it will revive again? Do you believe in your own choices and always believe in this?

when i buy bitcoin or the other cryptocurrent, i never think about "fiat money damaged by bitcoin" and i think we can use cryptocurrent as the other payment besides fiat. because im sure that not all people know about it, but if there some people or party want to make payment via crypto, its available for them, and it must be cover the whole world.

It's excessive to say fiat is going to collapse, but it's not wrong to suggest the global financial crisis is far from over.  The IMF have recently been warning that "storm clouds are gathering (https://bitcointalk.org/index.php?topic=5083368.0)", but that might just be because they want more money to play with.

it's better to ignore things like that, because it won't have a good impact on the development of bitcoin, my opinion is bitcoin is not the solution to save the world economy. I prefer to focus on my goals and ignore the tweets

The perception or misconception that fiat currency need to go out of the system before bitcoins can gain grounds need to be debunk by any bitcoiner. Bitcoins need fiat currency in order to stand since many deposite and withdrawal of bitcoins finally ends up as fiat.

I think it's just in his best interest to get bitcoin to crash. Not everyone, especially those who own large capitals of Fiat money, has a profitable blockchain technology and decentralized currencies like bitcoin. That is why all his actions and statements will always be with a share of distrust to bitcoin and altcoins.

Meh, With current state Bitcoin can never change fiat currency, for not it's just too volatile. FIAT is a little more stable, but even that is gone after years when inflation happens, not to mention fiat is devaluing itself with everyday use for things that are not there. Services, etc... Also, when bitcoin is down, rich people talk bad about it, when it's booming, they talk nice about it. You just have to follow the money.

haha so funny but true bro.

it looks like he's so proud of Bitcoin, and looks one eye on other than Bitcoin, I think he is very confident that Bitcoin will become the future currency to replace Fiat, he is so quick to conclude without seeing the many obstacles that Bitcoin will go through

I think what he has said is still better, than the FUD which tends to and often causes the loss of the user's confidence in bitcoin.


In my opinion this is true, regardless of the risk, please compare it with other commodity assets where people usually invest. Investing in bitcoin, is the most appropriate and fast way, for anyone who wants to make a profit, and provide privacy and transparency to its users, and put users in the first position to be able to control their own money.

same here , i also foccus on my own business and would no mind any tweets or any post on social medias because i know that they werent legit at all .  i also agree on you when you said that bitcoin is not the solution for the world economy because bitcoin is only  a curency and it is not a president or a god .  but overall , we are the ones  that can change our destiny .


of course it will not go up when there is a financial crisis because people dont also have the money to buy btc's or other cryptos and they even sell thier cryptos  because they badly need money in which the value can drop more evenly  .

The statement above, the twitter one, is not based on facts and is based solely on emotions. How could Bitcoin collapse the existing financial system? Each country has its own financial capabilities and is unlikely to be uniform and that is why each country has their own currency. Bitcoin is only an alternative, as an enhancer of the diversity of the financial system and its purpose is certainly not to collapse other systems. Meanwhile, from today's view, bitcoin is so volatile and it isn't the best feature as currency which of course requires stability.

Right. It's notnvery viable to not have any alternatives even if were talking about years into the future. We don't even know if another technology like blockchain would rise up soon. People would have then be open to digital alternatives.

Bitcoin can become advanced only if the remaining 99% of it is accepted and it will be widely used in the masses

It seems it's just an opinion from him because I think people have different opinions so there are some people like him and there are some people who have calm opinions. So I think just ignore the tweet because you must have known that bitcoin could not be a good solution for the sustainability of the world economy. So it doesn't really ma (http://rumahmu.com)tter what they say or do.

He is exaggerating too much. And I don’t understand his purposes. Such promotion won’t help to find new users but has the opposite effect. Cryptocurrency is on the early stage of development. It doesn’t have enough users, stability, and infrastructure yet. The world can’t move to crypto in one day, it requires time. Plus it’s not the only possible scenario of crypto future. Both fiat and crypto can coexist. Isn’t it great to have alternatives and opportunities to choose what you prefer?

I think he is categorized at the negative netizen that still not believe in bitcoin. I can say that he is so caward to deal and to try to invest in bitcoin. I respect his opinion but I feel sorry for him because he miss the chance to change his life. But what ever he said I will continue what I am doing even if it is very risky.

He'll never realize it cause he never wanting to do so. He is one of the FUDs in crypto and never have such thing to make him change and believe bitcoin. However, we know what we are doing today and not him could bring down Bitcoin's capabilities. There is no need to say sorry cause we have an individual life and to find things that are very usable to us in the future.

I don't agree that it's bitcoin or nothing - bitcoin will be a complementary financial asset to an uncertain world. While the Lightning Network may facilitate microtransactions, bitcoin is digital gold.

I think we should let him think whatever he wants because it's no use to telling the truth about bitcoin to him. He still not believe in bitcoin, he will never join in bitcoin unless he can see the truth by his own eyes. But I don't think that it will easy to convince him to believe in bitcoin and it's only waste a time to do that thing. It's better we focus on what we did and earn much more profit so we can show to him that believing in bitcoin is not a mistake.

I don't even know why people are minding him anyway. For long time crypto users and supporters, we've seen all kinds of people wanting to spread fud for whatever reasons they may have. Some claim to have valid proof and points and some are just trolling. I've developed the ability to just ignore them.

We don't really have to wish that Fiat to be destroyed just for Bitcoin to rise up.
Bitcoin have it's own way to success and we have seen it from the past few years.

Yes you are of course right.I have the same opinion.

sure, crypto could become just another payment option, just another convenient currency. though it must be regulated and convenient for ordinary people

and I think they don't always go away from fiat as long as bitcoin has not been accepted and the usage is still limited.
they are too deification of bitcoin above everything, even though they still need fiat, such a hypocrite person..

Extremist are everywhere and i think its just a way to show how sure he is about the words. but i feel the collapse is not needed except there is some dint of selfishness in the intentions. let bitcoin be generally adopted and widely used daily for transactions, value storage. when this happens , no one will ever think of collapsing fiat.

The poster on twitter is very overconfident about Bitcoin. Why would he want the fiat system to be collapse whereas we can use both the cryptocurrency and fiat currency both at the same time. I see cryptocurrency as an alternative payment system and I don't think it can make fiat system collapse.

too fast to conclude that bitcoin will undermine fiat, a very aggressive thought and joke. I think he must improve his imagination, because in my opinion bitcoin will stay side by side with the fiat going forward.

I'm sure that most people wishing fiat to implode are sitting at home all day staring at the crypto price tickers. I'm also sure that they don't even hold that much in crypto assets. What these baboons don't realize is that you don't gain anything if fiat implodes and the price tickers show 100-1000% gains. All that happens is that the price adjusts itself to levels where your purchasing power is still identical to what it was before the implosion.

Bitcoin being digital Gold is already a massive utility, and for most people that's the only thing that matters since they don't use Bitcoin as a currency. Bitcoin is too precious to spend, unless you're replacing what you spend, but that makes it less of a day to day currency.

I bet he doesn't know anything about financial institution, obviously. Because if you know them, they take every opportunities they can get and they are very stable and trustworthy. They will just adapt bitcoin to become stronger.

Even if we wanted to, it would be difficult to implement. Only, a few regulations about btc will bring good results. After btc starts competing with fiat, btc will probably be the winner.

But not all financial institutions adapt bitcoin though, does it mean they aren't stronger than those who don't adapt bitcoin?

Yes, I also think that bitcoin can't be a viable solution for the whole worlds needs to trade. So I think it's best that bitcoin remains as go to the option of a currency.

Well, that is not bad news though. Come to think of it, if bitcoin is not viable enough, then it will be, likely always, be valued more than the common currency people are using.

Well, it depends, but what I am saying is the one that is open to changes and the one who will adapt to these changes are the one that will be more successful. Like me, before I am just focused on hodling, but as we know, it takes time and patience, but how about those people who needs money immediately like me? Then one day, my friend introduced me to online gambling. It has risk, but I take the opportunity and adapt to it by finding a perfect site (https://vegascasino.io/casino/video-slots/crazy-bananas?utm_source=cccb) (multiple slots and types of games, entertaining games, fair play, good transactions speeds, and etc), and learning it and got by use to it. Same with financial institutions, the one that will adapt and cooperate with new advancements like bitcoin, it can help them grow.

I don't even know why people think like that.

Cryptocurrencies can be used side to side with the fiat and we all don't need to argue and pick sides because Bitcoin will never make the fiat system go down nor replace it. Fiat system will stay as it is, it will be developed more in the future, Bitcoin and other cryptocurrencies will stay beside it because people use it as an alternative and not as the main payment method.

He did not understand the purpose of bitcoin, or maybe he is just a simple hater of bitcoin.
We don't need that kind of people who are not open minded, we need people who sees the potential of bitcoin and it's real case usage in the space.
Bitcoin is decentralized but it can never beat fiat in terms of usefulness, we cannot deny this world is not good  without fiat, but it would become better if fiat and bitcoin will just co exist.

Thats right! without even dropping fiat, investors and users will continue to grow because the world will progress, and technology will force them to know about bitcoin. do not need to be an overfans of bitcoin, just like ordinary users

That guy probably YOLO-ed his way on cryptocurrencies, nothing wrong with that as he would be responsible on his actions, smart people would co-exist bitcoin along with fiat as riches that just took in another form, people would slowly realized the pros of bitcoin being efficiency for transactions, along with volatility and investment value that some ordinary stock couldn't provide.

Crypto and Fiat will always live side by side, everyone has the choice to choose between the two. The two currencies have their own features, so there is no need to replace fiat with crypto, it all depends on each other's needs.
Use a centralized currency when you need it, and use a decentralized currency when needed. they both have different benefits

I don't really like the idea ,Bitcoin and Fiat would co-exist in the future .
As much as we love crypto and hate Fiat we couldn't change the fact that Fiat would remain and Bitcoin could never replace it.

There are so many fiat currencies and none of them can totally destroy another. Since number of people who trust and use are greater than others people USD and Euro are superior on world ceonomies. Whether it is fiat or crypto currency, people determine which is going to be superrior. Since crypto currencies have many advantage when compared to digital money of fiat currencies, they have potential to be used by people more than recently used.

..yeah that's true..you still need fiat money inorder to buy Bitcoin..the existence of fiat money cannot be replace by any other crypto coins..for the reason that fiat money are still needed in any form/mode of transaction specially offline transactions because most of stores/companies worldwide don't use and accept Bitcoin..contrary to that,,sooner or later,, the existence of Bitcoin can be use as a form of digital money which can be use in any online transactions..

Cryptocurrencies will not destroy or replace fiat like what some crypto enthusiasts believes. These two kinds of currencies will instead coexist for the benefits of all people who believes in different currencies. Destroying any currencies will only creates additional problems in different financial institutions and governments. Majoritymight also object to this kind of mentality of destroying fiat because most of the fiats are considered national currencies and a nation's symbol.

He speaks without a valid basis, how can he talk like that? Maybe he is one of the biggest losers in the bitcoin community.

We are not sure why he talks like that. Maybe he is stress to see the crypto market don't increase higher, so he decides to make a sensation in here.
But I don't see the chance for fiat to be destroyed unless the resource for making fiat is extinct. But one thing that we know that he doesn't believe in bitcoin and he never learns more about bitcoin, so he decides to be like that. We cannot judge for what he's saying because he is free to speak anything about bitcoin.

He is just talking about the possibilities of what can happen in the future, There is a point in what he was saying but it is not good. It will just result of chaos in the crypto world we are calling. He just need to correct his mind set about the future of bitcoin and fiat.

That is definitely not a healthy perspective on Bitcoin. We shall see Bitcoin and cryptocurrencies in general as the next step in our world's evolution, but we shall not put hate and negativism against fiat currencies. We need to make people love Bitcoin not hate fiat  ;)

I think bitcoin attracts a lot of those anarchist types that want the entire system to collapse.  The truth is bitcoin and the banking system can both exist peacefully and help all of mankind, not all bankers are evil.

Firstly dead thread keep on bumping and op seems understood it wrongly I believe.

When the future financial marketplace completely captures the market as alternative for complete fiat systems means it is really useful for the crypto investors whoever believing it and market may grow well.

I will we should be a bitcoiner like op.  ;) ;D

This is possibly the truest post that ive read on this forum today. Banking doesn't equal evil, it's just that many bankers happen to be evil (compared to non-bankers), so they get a negative stereotype. I'm sure there are many bankers who are great people.

Bitcoin will be the currency for the internet and there is nothing that can stop that, governments around the world can come up with rules and regulations but the adoption rate will increase with time with more awareness on the ease of use of bitcoin and with time we will see new companies coming up with robust front end applications which is easier for anyone to store and use safely online rather than using their credit cards and banking details for online purchases.

Bitcoin can be the alternative on flat as of now since there is no better digital currency yet aside from Bitcoin. I believe sooner or later new tech will be available that will be better aside from Bitcoin.

I think he is extreme believer of crypto economy. I think if he comes to be true, then also it will take reasonable time of a couple of  decade or more to adobt and trust crypto economy. Moreover Govt. of any country would never want fiat economy to collapse so they will take necessary measure to control and regulate crypto economy. And I personally believe both Fiat and crypto economy can exist together, as both have their own pros and cons and user will adobt any of it as per their convenience and liking.

It seems to me that this is just the admiration of a man who has long bought bitcoin cheap and sold it expensive).It is clear that if all in an instant will move from Fiat currency to bitcoin then maybe a global war to begin.No joke.Now everything is going gradually,with its pros and cons.Therefore, we will see the final result of bitcoin activity only after a certain time.

If there is a future including the collapse of fiat money financial system then I don't want to be a part of that future. The transition should be smooth. Otherwise, there wouldn't be a society as we know.