Is Bitcoin better than Fiat?

[Abiky]

While the government chose to ban it rather than support it to maintain fiat. This is a phenomenon that is happening today with bitcoin as a modern payment system. Government in many countries are constantly trying to control bitcoin and want to make it non-decentralized but so far they can't have it.

To make it a widely adopted mean of payment in many countries, I think will be difficult to achieve because government in many countries insist not to give us the freedom to do so. This may have been thought of by Satoshi so that bitcoin is said to still be subject to the rule and jurisdiction of a country as legal tender.

Governments will ultimately fail in banning Bitcoin's widespread use worldwide. The least they can do is restrict people from trading Fiat to crypto via a centralized exchange. But that's it. Peer-to-peer transactions occurring on the Blockchain is beyond any governments' control. Either governments and central banks join the revolution or get left behind in the dust. It looks like governments have decided to join the revolution as they prepare themselves for the launch of central bank digital currencies (CBDCs). This could undermine Bitcoin's adoption in the mainstream world, as people will find a CBDC a much better choice for day-to-day payments. Only a very small minority who cares about decentralization and censorship-resistance will use Bitcoin no matter what.

Whenever Bitcoin is better than Fiat or not, that's up to the person to decide. I've said this many times already. For some people, Bitcoin is better than Fiat because it's sound money outside the scope of central banks and governments alike. But for others, Fiat is better because of its stability and reliability as a medium of exchange for goods and services. Depending on a person's needs, will be the type of currency to use. Just my opinion

[1715161328]

1715161328

[Republikcoin.com]

^^ It's true, Bitcoin is unstoppable and will still exist in this world even if the government forbids it. But we all also understand that the existence of Bitcoin is still very much influenced by governments in big countries or world-class people who have a high level of influence. A little mention of bitcoin by these people, greatly affects the movement of the market.
The speed of user growth is greatly influenced by the government, although it can stand without government assistance, Bitcoin will be stronger when a government decides to join. It's like the most powerful promotional media globally.

[ropyu1978]

I'm a true bitcoin lover, but if you say bitcoin is better than fiat, I think it's probably too early for us to talk about it, if for now it's not the time to say bitcoin is better than fiat, because at the moment it's 80% of us still using fiat currency, maybe until whenever fiat is the best, and bitcoin can't replace fiat..

[swiftbits]

It's the risk for me; fiat is a secured choice as we were conditioned to the traditional process of investing and holding our funds.
As we are still adjusting to this new digital technology of finance, we are still prone to make mistakes.
I also hope this technology could end some generational problems within our state system; that's when I can say that Bitcoin is better.

[finaleshot2016]

Bitcoin and fiat currency serve different purposes, and each has its own set of benefits and drawbacks, in my opinion. In general, it's the same, but in my opinion, bitcoin is better than fiat. However, the problem right now is that if we adapt and use it for different payment systems, the fees are quite high, and some people can't even complete a small transaction due to the fees, so I still believe that fiat is better than bitcoin when it comes to payment methods.

In terms of investment, bitcoin is unquestionably the best asset since, unlike fiat, we can instantly profit with the appropriate timing and analysis. In contrast, it takes a long time for currency to expand, and only large investors will benefit from it.

When it comes to security, I believe both are fine right now; fiat is secure because it is centralized, and the government will not allow the fiat system to be destroyed; bitcoin is secure, IMO, because nothing has changed in the past few years; my BTCs are still in my wallet, and if you lose it, it is most likely your fault.

[conected]

I'm a true bitcoin lover, but if you say bitcoin is better than fiat, I think it's probably too early for us to talk about it, if for now it's not the time to say bitcoin is better than fiat, because at the moment it's 80% of us still using fiat currency, maybe until whenever fiat is the best, and bitcoin can't replace fiat..

- Certainly, it is impossible to be subjective and say that bitcoin can be better because the user statistics of fiat currency still achieve the superiority and although Bitcoin has ambitions in getting closer to everyone but overall, it has no chance of becoming a fiat currency competitor, Bitcoin lovers are still too few and they also know that bitcoin has no practicality like fiat. Fiat is a union of government with people while bitcoin is a union of its own with a few small individuals in each region, investment apps may be good but living apps are low

[Lanatsa]

I'm a true bitcoin lover, but if you say bitcoin is better than fiat, I think it's probably too early for us to talk about it, if for now it's not the time to say bitcoin is better than fiat, because at the moment it's 80% of us still using fiat currency, maybe until whenever fiat is the best, and bitcoin can't replace fiat..

- Certainly, it is impossible to be subjective and say that bitcoin can be better because the user statistics of fiat currency still achieve the superiority and although Bitcoin has ambitions in getting closer to everyone but overall, it has no chance of becoming a fiat currency competitor, Bitcoin lovers are still too few and they also know that bitcoin has no practicality like fiat. Fiat is a union of government with people while bitcoin is a union of its own with a few small individuals in each region, investment apps may be good but living apps are low

Nothing beats out fiat no matter what and this system had been since from the beginning of time and as long government does exist then theres no way that there would be better than fiat and we cant really deny even though there are heavy cons of that but we cant deny that people had been relying on it on ages.

Bitcoin is better on some aspects but due to its decentralized characteristic or behavior then its understandable on why it is mostly hated by centralized government.

Bitcoin had gained lots or huge support after a decade and it would grow even more on upcoming years to come as adoption grows even more bigger.

[secretgirl]

Bitcoin and fiat currency serve different purposes, and each has its own set of benefits and drawbacks, in my opinion. In general, it's the same, but in my opinion, bitcoin is better than fiat. However, the problem right now is that if we adapt and use it for different payment systems, the fees are quite high, and some people can't even complete a small transaction due to the fees, so I still believe that fiat is better than bitcoin when it comes to payment methods.

In terms of investment, bitcoin is unquestionably the best asset since, unlike fiat, we can instantly profit with the appropriate timing and analysis. In contrast, it takes a long time for currency to expand, and only large investors will benefit from it.

When it comes to security, I believe both are fine right now; fiat is secure because it is centralized, and the government will not allow the fiat system to be destroyed; bitcoin is secure, IMO, because nothing has changed in the past few years; my BTCs are still in my wallet, and if you lose it, it is most likely your fault.

agree with what you say, bitcoin and fiat have advantages and disadvantages, depending on which point of view we look at. From an investment point of view, bitcoin is the right choice over fiat. bitcoin security level is also still better, bitcoin can also be a global currency. but judging from the level of stability, fiat currency is more stable, bitcoin is also too complicated if used for small transactions. so in my opinion, bitcoin and fiat are both good, and will go hand in hand in this world with equally good benefits for everyone.

[DoublerHunter]

Bitcoin and fiat currency serve different purposes, and each has its own set of benefits and drawbacks, in my opinion. In general, it's the same, but in my opinion, bitcoin is better than fiat. However, the problem right now is that if we adapt and use it for different payment systems, the fees are quite high, and some people can't even complete a small transaction due to the fees, so I still believe that fiat is better than bitcoin when it comes to payment methods.

In terms of investment, bitcoin is unquestionably the best asset since, unlike fiat, we can instantly profit with the appropriate timing and analysis. In contrast, it takes a long time for currency to expand, and only large investors will benefit from it.

When it comes to security, I believe both are fine right now; fiat is secure because it is centralized, and the government will not allow the fiat system to be destroyed; bitcoin is secure, IMO, because nothing has changed in the past few years; my BTCs are still in my wallet, and if you lose it, it is most likely your fault.

agree with what you say, bitcoin and fiat have advantages and disadvantages, depending on which point of view we look at. From an investment point of view, bitcoin is the right choice over fiat. bitcoin security level is also still better, bitcoin can also be a global currency. but judging from the level of stability, fiat currency is more stable, bitcoin is also too complicated if used for small transactions. so in my opinion, bitcoin and fiat are both good, and will go hand in hand in this world with equally good benefits for everyone.

^ Definitely right, they serve different purposes and they also have a disadvantage and advantage that you can choose. But for now, BTC is not all about payment method, BTC as of now is currently used as a digital asset that you can keep and store the value. As I can say, BTC is not meant for making a small transaction because of the high fees and the transaction speed. I had rather keep it and wait until when the value will rise. But yes I agree, both of them have an equal result by most of us, it makes easier to use everywhere your fiat at the same time BTC.

[Abiky]

Bitcoin and fiat currency serve different purposes, and each has its own set of benefits and drawbacks, in my opinion. In general, it's the same, but in my opinion, bitcoin is better than fiat. However, the problem right now is that if we adapt and use it for different payment systems, the fees are quite high, and some people can't even complete a small transaction due to the fees, so I still believe that fiat is better than bitcoin when it comes to payment methods.

In terms of investment, bitcoin is unquestionably the best asset since, unlike fiat, we can instantly profit with the appropriate timing and analysis. In contrast, it takes a long time for currency to expand, and only large investors will benefit from it.

When it comes to security, I believe both are fine right now; fiat is secure because it is centralized, and the government will not allow the fiat system to be destroyed; bitcoin is secure, IMO, because nothing has changed in the past few years; my BTCs are still in my wallet, and if you lose it, it is most likely your fault.

Both types of currencies are different from one another. We can't say Bitcoin is better than Fiat because it has its limitations. Depending on your needs, will be the type of currency to use for day-to-day payments. Most people prefer Fiat over Bitcoin because it's stable and backed by the government. But this comes at a cost of centralization, greatly defeating the purpose of financial freedom. With Bitcoin, that's another story. You can feel confident your funds are safe against external interference since you and only you have access to your account. But Bitcoin's price volatility makes it unsuitable for use as money for daily payments. It's hoped that regulations will fix this problem in the long term. Ultimately, people will decide which type of currency to support from the other. Just my opinion

[nightrider]

In my opinion Bitcoint is not equal to Fiat. Because bitcoin is a virtual currency that has not been recognized by governments. Fiat money is a form of money that is legally recognized by the government and is trusted that people will find it valuable.
Fiat money is run by a central bank (where monetary policy is set).
Some examples of fiat currencies are USD, Euro, Japanese Yen or Renminbi.

[romecheo]

Bitcoin is a far way better than fiat, transaction wise, no one need any identification before they can send or receive BTC to/from others.

BTC is a world wide acceptable currency, and many merchants are now accepting BTC.

Even some banks are accepting BTC.

For the past few years, investing on BTC, made a great profit.

[Rajamuda]

Is it better or not I think comparing like that less important, let's see all this time that it is one thing that can indeed help humans in terms of its advantages/good side, and it managed to be a complementary that is equally useful to help our finance.

[MinoRaiola]

Comparing Bitcoin or cash, it is easier today to buy with cash, or to buy something quickly and easily. Cryptocurrencies or electronic values ​​that are used by smartphone or credit card are trend-setting. The digital age of payment is in full swing. But what does the future of money look like, I think that will be a blessing for the next few years.

[elisabetheva]

Comparing Bitcoin or cash, it is easier today to buy with cash, or to buy something quickly and easily. Cryptocurrencies or electronic values ​​that are used by smartphone or credit card are trend-setting. The digital age of payment is in full swing. But what does the future of money look like, I think that will be a blessing for the next few years.

for some countries what you say is the right thing because they still use cash every time they make transactions and this has been used and has been done for a long time and it is not easy to change this, moreover maybe in their country digital money is not yet popular at all, and is still a commodity. new.

but for countries that have adopted crypto or have the internet it is not a rare item anymore. it is clear that they are already familiar with digital money to be used as a means of daily payment, because it is clearly more practical and easy to use than having to carry cash. especially at this time the epidemic is also booming because paper money is allegedly one of the contagion carriers.

but if crypto is clearly used more widely and there are no country and region boundaries, it is more reliable than digital money that is widely developed in every country. although the designation may be the same, but the scope and work is much more practical crypto.

[ropyu1978]

Is it better or not I think comparing like that less important, let's see all this time that it is one thing that can indeed help humans in terms of its advantages/good side, and it managed to be a complementary that is equally useful to help our finance.

I agree with your suggestion, we don't need to compare bitcoin and fiat, because we know fiat has advantages and disadvantages, bitcoin also has advantages and disadvantages, so what we need to discuss and think about is how the future of btc will be, will btc still be able to make finances we become good, as we have been through last year,, bitcoin gives a new nuance in us looking for income..

[Philipruch]

Fiat can't be compared with Bitcoin as a result of many good qualities Bitcoin has had over it which so many people who have benefited from it and still benefiting can attest to it...

[yohananaomi]

Fiat can't be compared with Bitcoin as a result of many good qualities Bitcoin has had over it which so many people who have benefited from it and still benefiting can attest to it...

it's too different when comparing bitcoin with fiat, because the use of the system that is done may be much different, not yet in physical form in between. bitcoin with a system that is renewable and formless and inversely proportional to fiat which is still used for traditional markets in general.

but let them actually be needed to support each other where what fiat can't do is where bitcoin plays an active role and vice versa. with complementary cooperation, it will be used more and more well controlled.

[Arget07]

bitcoin is not the most convenient payment tool to compete with FIAT currencies. There are more suitable cryptocurrencies for payments. Bitcoin is more suitable as "gold" from the price of which other coins or tokens that are more suitable for the role of a means of payment will be repelled. But your hidden advertising of the coin is also noticeable.

[AnastasiiaGrid3892]

bitcoin is not the most convenient payment tool to compete with FIAT currencies. There are more suitable cryptocurrencies for payments. Bitcoin is more suitable as "gold" from the price of which other coins or tokens that are more suitable for the role of a means of payment will be repelled. But your hidden advertising of the coin is also noticeable.

I agree with you, Bitcoin, and Ethereum is not as convenient to pay as, for example, Tether. I personally tried to pay with both bitcoin and tether, the latter option, of course, turned out to be more convenient and more common when it comes to insignificant payments. By the way, it is convenient to pay with a crypto cards, but one of the drawbacks is that tether is not available for payment in many crypto cards. I use the trastra card now, everything is cool, but they do not have this cryptocurrency among the available ones, everything cannot be perfect, unfortunately (