bitcoin vs fiat; why bitcoin will eventually succeed

[Kolikalex55]

Fiat will eventually collapse because it's just debt backed by debt. Hopefully when that happens, cryptos will take over.

I absolutely do not agree with you, I do not want to offend you but you should understand that the economy we have been accustomed to has been built for many centuries and I do not think that the crypto currency will replace cash. It's theoretically possible, but I don't think it will be in the 21st century.

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[izanagi narukami]

I think they can't be complement each other because they are different things

Fiat is legal currency that regulated by government.
Bitcoin is investment just like gold , diamond,etc but as we all know that bitcoin has specality that act like money/fiat

[mashort]

Fiat will eventually collapse because it's just debt backed by debt. Hopefully when that happens, cryptos will take over.

I absolutely do not agree with you, I do not want to offend you but you should understand that the economy we have been accustomed to has been built for many centuries and I do not think that the crypto currency will replace cash. It's theoretically possible, but I don't think it will be in the 21st century.

I agree with you, they will both co-exist

[elda34b]

Venezuela is a proof where a country switch to crypto (not Bitcoin) as their medium of payment. I believe the same thing could happens to other countries when their fiat system is in a deep crisis, and they need a sound money in order to make their economy works again. But yeah, a co-existence of fiat & Bitcoin is more possible in the near future.

[DarkIT]

I think they can't be complement each other because they are different things

Fiat is legal currency that regulated by government.
Bitcoin is investment just like gold , diamond,etc but as we all know that bitcoin has specality that act like money/fiat

yes, bitcoin will only be seen as an investment compared to fiat, because basically fiat is legitimate money, and has obtained legality from the government. besides, I am only sure that bitcoin can beat Fiat on the internet, because it has many advantages. well, we can only have a discussion, I think the development of both will be better in the future.