is bitcoin can be a fiat money?

[stromma44]

I don't think that bitcoin can ever gain physical form like fiat as Government will never allow it.

And even there are man people who are not aware about bitcoin yet.

[serjent05]

Fiat money -
Fiat money is currency that a government has declared to be legal tender, but is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of.

From the definition, there is a possibility if and only if the government declared Bitcoin to be a legal tender.  Bitcoin value has been derived from the relationship between supply and demand it's just the only missing stuff is being declared by the government as legal money.

[RoommateAgreement]

I don't think so, we are going to be seeing governments opposing to bitcoin because they cannot control it. So it's either they oppose it or they stay totally neutral to it. But they will not give up to the control of the currency, and they cannot do this with bitcoin.

Yeah bitcoin can never be a fiat money and it can never replace it too, as each and every country have their own currency and they will only support it .

i think OP doesn't know what fiat means and he is using fiat money wrong. and since he posted the link to that US presidential candidate news i think he means becoming more used like fiat.
and in that case i agree with it because bitcoin will grow more and become more popular but government will not support bitcoin ever so it can not replace fiat completely.

[Digitalbitcoin]

No there are are certain limitations  to make announcement as Bitcoin as a fiat money.

There are many reasons
1) Every country has build strong economy with their own fiat currency, all good as already valued independently.
2) Bitcoin can be accessible with protocol so it need connectivity
3) At certain level bitcoin is good for business purpose but not as fit currency

[bapparabi]

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

[GreenBits]

You need a government, or at least a corporate entity acting as a government, in order to issue fiat. Bitcoin is a currency, but it is not fiat.

[abugseuf]

You need a government, or at least a corporate entity acting as a government, in order to issue fiat. Bitcoin is a currency, but it is not fiat.

yes every one know that bitcoin is not a fiat currency and it is a crypto currency. but i think in future people will use it as a fiat currency. they will do buying and selling just like as they are dong shopping in their local currency.

[Strongkored]

yes every one know that bitcoin is not a fiat currency and it is a crypto currency. but i think in future people will use it as a fiat currency. they will do buying and selling just like as they are dong shopping in their local currency.

Yeah I agree with you if bitcoin can be regarded as a fiat, but bitcoin itself can not become fiat. Because as I mentioned above if bitcoin became fiat. Then there will be laws and regulations that organize a bitcoin, and we know that it was owned by the government. While we know bitcoin decentralized in other words there is no government interference. I think this time only bitcoin has been used to purchase items such as we buy goods with fiat

[shinratensei_]

You need a government, or at least a corporate entity acting as a government, in order to issue fiat. Bitcoin is a currency, but it is not fiat.

yes every one know that bitcoin is not a fiat currency and it is a crypto currency. but i think in future people will use it as a fiat currency. they will do buying and selling just like as they are dong shopping in their local currency.

in your assuming just about the future, just having a half chance to happened. I not sure about that because in fact the values of bitcoin are stand by fiat currency. bitcoin will always become assistance currency in my opinions.

[pvaspecialist]

i think bitcoin has a potential to become a fiat money. because a lot of news regarding bitcoin is government will support the bitcoin. and as per description of fiat money. once it legalized by government, theres a possibility to be a fiat money. i cant wait to see using bitcoin coins to buy some goods in stores and market. and also a physical bank of bitcoins that we can withdraw and deposit.


heres the link of btc news according to coindesk: http://www.coindesk.com/presidential-candidate-hillary-clinton-pledges-support-blockchain-tech/

Bitcoin will never become a fiat money and it never has been.If bitcoin become fiat all control going over by a government.I think bitcoin need to be stable like fiat more volatility not good for bitcoin.

[nevi111]

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.
It has advantages which fiat doent have and it is a digital currency so never can become fiat.

[abugseuf]

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.
It has advantages which fiat doent have and it is a digital currency so never can become fiat.

yes it will not become a fiat currency but i think people will adope it as fiat currency. people will then use it instead of fiat currency. i think that come is coming soon.

[jak3]

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.

[Decoded]

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!!!

[Xenophoto]

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.

[MTBTT]

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

[shinratensei_]

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.
It has advantages which fiat doent have and it is a digital currency so never can become fiat.

yes it will not become a fiat currency but i think people will adope it as fiat currency. people will then use it instead of fiat currency. i think that come is coming soon.

It's just become assisting currency for the main currency, I called it fiat money. the people is just using the bitcoin become their alternative to spent all of their real money into complex form.

[Digitalbitcoin]

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.

[groll]

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.

[torrentheaven]

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.

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.