Just because of having bitcoins, I do see people are blaming fiats but one day or other we are going to use bitcoins exact similar to fiats. It may take more time and I am not saying bitcoin's upper cap will be altered but there are possibilities for bitcoin to be used similar to fiats.
Fiat and bank interest are failed products created by banks, which indeed cause the courage to take speculative actions that cause the economy to not stand on the real sector. Fiat money which actually has no intrinsic value but is used as assets and traded causes actions of intervention, manipulation, and exploitation of currencies for the benefit of groups. Very different from bitcoin whose system is decentralized and uses algorithms that are difficult to manipulate.
Why fiats are not having value? Because of government continuously prints it? If government not working on gold reserves and stop printing money what will happen? People will get all their basic needs and their country will become a super power? I could not get the meaning of arguments about fiat is not having value.
Because fiat has no intrinsic value, other than that we can return to the main function of money as a means of payment and greasing the economy, not assets to save or hoard. Increasing the amount of money is not followed by additional production of goods and services means economic congestion, other than that because the money is not circulating for the economy of the real sector but is only stored or stockpiled by a group of people, thus hampering economic turnover.
I guess OP must explain on what must need to be done so that fiats may get value. I guess theoretically there should be some suggestions but there should be lots of negative consequences.
Fiat printing must be guaranteed with gold or other precious metals.