Fiat and Bitcoin are brothers but the differences are;
while the former is the elder, the later is younger.
While the former is seeking local recognition and dominance, maybe known small in the international market, the later is seeking international recognition, irrespective that is young.
The former is tested and trusted while the later is tested but not widely trusted.
While the former growth is slow and steady, the later is rapid in growth and can aswell reverse its growth rapidly.
While the later is better for exchange, the former is better for investment.
While the former is a local man that can exist without his brother, the later is an international man that cannot exist without his brother.
While the former can be manipulated by the authorities that created it, the later is also manipulated, but not necessarily by the creators only.
While the former uses ledger to keep records of financial transactions, the later uses blockchain technology.
While the former's future is determined, the later future is not determined but seems very bright.
Please I need some help. Did I get any of the above concepts wrongly.
FIAT for me was the beginning of something that we say money to.
The next step is
Cryptocurrencies, which came to revolutionize the markets. They will also take power away from the
Bank and
Governments.
With them the money will be decentralized, free from high taxes and economic blockages.
I think cryptocurrencies will take the place of the total FIAT in the future ...
