Was the coupling of Bitcoin to fiat a mistake?

[hZti]

One main problem when trying to stop bitcoin to fiat conversion is that bitcoin is decentralized and popular all over the world. You can never stop people form trading bitcoin with fiat, since form the beginning bitcoin was made to be decentralized and uncontrollable. The value of bitcoin also is not determined by fiat conversion rate, but by the work that is done by the miners. Later this work will result in a fiat conversion rate.

[Quippery]

Initially when Bitcoin was released, the developers’ motive of inventing bitcoin was not to replace fiat currencies, but to introduce a safe and faster network of transaction of money without rates of central bank. However, as the years progressed, bitcoin was seen by holders as a means to escape the fiat currency controlled by the Central authorities. This is when people started developing the idea that coupling of bitcoin was a big mistake. Personally, I do not think it was a mistake. The developers did what their goal was, which was clearly not to replace fiat currency. 

In the present date, it will need an official declaration of the developers of bitcoin to decouple it from fiat currency. This will result in an unimaginable crash of BTC market cap and value, as till date all of it was dependent on fiat currency.

[dataispower]

This is telling us that Bitcoin cannot do without Fiat currency but can Fiat currency can do without Bitcoin because from the beginning before you get Bitcoin you must to have flat to exchange the Bitcoin that is why I do disagree with people who says that bitcoin will take over Fiat currency in some trend I've seen so far so with combination work between Fiat and the Bitcoin they will know that the element that brings Bitcoin to be known and to be recognise is true Fiat currency and without that it can't cannot  fully

[franky1]

This is telling us that Bitcoin cannot do without Fiat currency but can Fiat currency can do without Bitcoin because from the beginning before you get Bitcoin you must to have flat to exchange the Bitcoin that is why I do disagree with people who says that bitcoin will take over Fiat currency in some trend I've seen so far so with combination work between Fiat and the Bitcoin they will know that the element that brings Bitcoin to be known and to be recognise is true Fiat currency and without that it can't cannot  fully

what you need to ask yourself.
bitcoins "coupling" is not about coupled to fiat generally..
the actual coupling grief is the DOLLAR attachment(out of all possible fiats, why DOLLAR?!)

dollar is only used by 330m people. yet other countries like india and china have a billion + each people using their respective currencies

so why have DOLLAR as the coupling

then.. note this while thinking about 'coupling'

bitcoin CAN work without being DOLLAR coupled. heck it can work by being coupled to a non fiat measure.. such as "min wage hours" which would be a more fair coupling for all citizens of the world while disrupting wallstreet/forex
where by the price changes in measures of seconds/hours... which then later EASILY converts to their local fiat rate of their local fiat min wage number.
rather then measured in dollars/cents and then converted to their local fiat rate

anyways..
fiat will never disappear. governments will always exist and taxes to pay for social/public services will continue and governments will always want control or their value in their nation separate from another.

i know the euro has shown a sign of change where by the french government is not using the franc. but instead using a subset/ section of reserve of euro. where some think that can expand to a "one world currency"
..but there will always be rival countries that dont want to be puppets to a master single currency and also it reduces trade options if everyone were to use the same thing. as there is less swap opportunities for rivals to fight over.
forex is a business in of itself.

having bitcoin as a "one world currency" where by all countries only ever use bitcoin.. defeats the point of bitcoin.
bitcoin is a free option to hedge against fiat. its not meant to replace it. its meant as an escape door option away from fiat. if there is no other currency. there is no escape meaning bitcoin becomes as corrupt as fiat if people cant escape from it

[_BlackStar]

having bitcoin as a "one world currency" where by all countries only ever use bitcoin.. defeats the point of bitcoin.
bitcoin is a free option to hedge against fiat. its not meant to replace it. its meant as an escape door option away from fiat. if there is no other currency. there is no escape meaning bitcoin becomes as corrupt as fiat if people cant escape from it

I agree with your assumption that bitcoin is an alternative means of payment for us and anyone willing to adopt it. Bitcoin is not to replace it but bitcoin provides a good choice for anyone who realizes that this one payment system has something more reliable than fiat.

However, fiat will survive and continue to be used as the main means of payment regardless of whether we have bitcoin or other cryptocurrencies as alternatives. I wouldn't imagine bitcoin will replace fiat anytime soon, but it's possible that the use case of bitcoin as a means of payment will increase even further in the future.

[suzanne5223]

One main problem when trying to stop bitcoin to fiat conversion is that bitcoin is decentralized and popular all over the world. You can never stop people form trading bitcoin with fiat, since form the beginning bitcoin was made to be decentralized and uncontrollable. The value of bitcoin also is not determined by fiat conversion rate, but by the work that is done by the miners. Later this work will result in a fiat conversion rate.

From my own understanding, is any government planning to outright ban to the purchase of BTC with fiat currency will be someone who's totally naive about the concept of Bitcoin and understands that it's here to stay.
An example is the Chinese government despite all the restrictions and bans placed on Bitcoin by their government, people from there still find a way to buy and invest in Bitcoin.

[pawanjain]

If it wasn't for fiat then it would have been something else but there would have definitely been something or the other which bitcoin would have been paired to.
So in the mean time bitcoin was created fiat was already used as a wide means of payment mechanism.
Instead of pairing bitcoin with any other asset or good it would have been more convenient to pair it with fiat itself.
It would avoid the hassle involved to trade it with a physical good or asset.

[BITCOIN4X]

From my own understanding, is any government planning to outright ban to the purchase of BTC with fiat currency will be someone who's totally naive about the concept of Bitcoin and understands that it's here to stay.

That doesn't seem to be the case, governments won't do it if they feel that bitcoin is still in their favor. But in certain cases they will only limit it with all the rules to keep the user centered. An example is KYC, that's the most obvious one as one of the reasons and the rest they just prohibit users from using bitcoin as a legal tender.

An example is the Chinese government despite all the restrictions and bans placed on Bitcoin by their government, people from there still find a way to buy and invest in Bitcoin.

It was a risky activity for them but certainly could be done secretly. I don't think many people will be willing to do it once the government imposes a ban, but it can.

[DeathAngel]

The fiat system is failing but bitcoin was always going to get paired/coupled with fiat. It’s how we’ve bought things & lived off for a long time now. It’s natural that it happened but obviously 1BTC = 1BTC and that won’t change. Let’s just be happy that we’re here & we found a way out of their inflationary slavery.

[suzanne5223]

From my own understanding, is any government planning to outright ban to the purchase of BTC with fiat currency will be someone who's totally naive about the concept of Bitcoin and understands that it's here to stay.

That doesn't seem to be the case, governments won't do it if they feel that bitcoin is still in their favor. But in certain cases they will only limit it with all the rules to keep the user centered. An example is KYC, that's the most obvious one as one of the reasons and the rest they just prohibit users from using bitcoin as a legal tender.

This is what I am trying to point out when said only a naive government will place a ban on Bitcoin trading for fiat when they can not control the P2P trading of it into fiat. Instead of ban they should implement KYC and taxes which will increase their benefit through Bitcoin.

An example is the Chinese government despite all the restrictions and bans placed on Bitcoin by their government, people from there still find a way to buy and invest in Bitcoin.

It was a risky activity for them but certainly could be done secretly. I don't think many people will be willing to do it once the government imposes a ban, but it can.

Yes, the activity is risky but I believe most Chinese citizens that do this always do it in their neighboring country and example is some years ago when some Chinese went to the Philippines for crypto gambling during the World cup.