Bitcoin defeating fiat is very unlikely

[UnunoctiumTesticles]

The logic:

https://bitcointalk.org/index.php?topic=884154.msg9753233#msg9753233

[franky1]

not many people actually think that bitcoin will defeat FIAT.

FIAT is nearly dead all by itself, leaving people to voluntarily move over to bitcoin. without bitcoin even having to try defeating fiat

[moriartybitcoin]

not many people actually think that bitcoin will defeat FIAT.

FIAT is nearly dead all by itself, leaving people to voluntarily move over to bitcoin. without bitcoin even having to try defeating fiat

lol this is the first thing Franky has said that I agree with in a long time :-)

[solex]

not many people actually think that bitcoin will defeat FIAT.

FIAT is nearly dead all by itself, leaving people to voluntarily move over to bitcoin. without bitcoin even having to try defeating fiat

Indeed.
Let's keep this simple. The one on the right is FIAT.

[Q7]

I have to read your statement twice to realize that the word in your title is "unlikely" rather than the opposite. And it seem that you have a very unique view on how regulations can actually work to curtail and limit bitcoin usage. My question is, is there a way to actually ban the internet?

[cryptworld]

it is obviously impossible that bitcoin defeats fiat,but I think that is not the objective of bitcoin, I think they are both done to live together

[bitllionaire]

it is logical because bitcoin is not done for everybody, there are some people that doesn't even know to run a computer,so they could not use bitcoin

[bitkilo]

Bitcoin is not going to defete fiat anytime in the nea future.
How many years have we been hearing from the banks now that soon we will be living in a cashless socity, living only on there jacked up fees plastic cards.
But the are other ways, the banks have been laying the ground work on this cashless system for years now and they will probably come close to suceeding , some cash will always be needed.
I have seen a log of good work with things like bitcoin debit cards, one interesting company bitsim also looks good.
If people want cashless cards then just offer that with bitcoin.

Dont need to compete with fiat cash, only fake money, high fee plastic cards.

[Flashman]

not many people actually think that bitcoin will defeat FIAT.

FIAT is nearly dead all by itself, leaving people to voluntarily move over to bitcoin. without bitcoin even having to try defeating fiat

That's how I see it, fiat is the Titanic steaming full ahead into the icefield, bitcoin is the lifeboat.

[jonald_fyookball]

not many people actually think that bitcoin will defeat FIAT.

FIAT is nearly dead all by itself, leaving people to voluntarily move over to bitcoin. without bitcoin even having to try defeating fiat

lol this is the first thing Franky has said that I agree with in a long time :-)

why are you posting, you filthy scammer?

https://bitcointalk.org/index.php?topic=820203

[franky1]

Bitcoin is not going to defete fiat anytime in the nea future.
How many years have we been hearing from the banks now that soon we will be living in a cashless socity, living only on there jacked up fees plastic cards.
But the are other ways, the banks have been laying the ground work on this cashless system for years now and they will probably come close to suceeding , some cash will always be needed.
I have seen a log of good work with things like bitcoin debit cards, one interesting company bitsim also looks good.
If people want cashless cards then just offer that with bitcoin.

Dont need to compete with fiat cash, only fake money, high fee plastic cards.

bitcoin wont defeat anything. its just code. it just sits there doing whatit should, .. and that is being a secure ledger system.
it hold no power to arrest anyone, it has no powers to shut down business or government.. its just code.. but the one thing is for sure, its alot better than fiat and as such peoples freedoms and choices will be where the defeat happens. people will move to bitcoin

[bitbaby]

I don't understand why one defeating the other is necessary. I think bitcoin and fiat can and will co-exist. Which will be used by majority in future? remains to be seen.

[Madness]

I personally don't think that bitcoin will defeat FIAT . at least not for the next couple of years.
It's all about what it came "first" . just an example "Bitcoin" is the first cryptoo currency => the most used. and not the other Altcoins it's the same on this case for Fiat money , Fiat money exist for thousands of years.

[fulcare]

Fact is Fiat has a long history of dying after a certain amount of years. Next fact Bitcoin will never disappear. For that reason alone gives Bitcoin a big and long future to succeed. Take over maybe not but be a serious digital form of wealth, definetly. You can't kill Bitcoin you can kill fiat or more accurately fiat eventually kills itself.

[fulcare]

I personally don't think that bitcoin will defeat FIAT . at least not for the next couple of years.
It's all about what it came "first" . just an example "Bitcoin" is the first cryptoo currency => the most used. and not the other Altcoins it's the same on this case for Fiat money , Fiat money exist for thousands of years.

Fiat hasn't existed for thousands of years. Your confusing fiat with money. Money has been around for a long time, almost always in the form of Gold. Currency backed by Gold isn't fiat. Plus history shows true fiats have a shelf life. Can fiats exist in a continous boom and bust cycle? Sure. But with Digital currencies on the horizon it's a bit like choosing to heat your house with oil lamps than electricity.

[devphp]

Defeating fiat is like a whack-a-mole game. Fiat has lost many times in various countries over centuries, but it's still here. When fiat finally caves under the burden of its own issues, overdebtedness of the economy, etc., there will be a reset to another form of fiat, crypto currencies can gain a bigger market share as people lose confidence in fiat, but defeating it completely is unlikely, even if Bitcoin didn't have the flaws it has, it's still unlikely.

Fiat hasn't existed for thousands of years.

The Chinese tried unbacked paper currency = fiat many centuries ago, long before Europeans did. They pretty much invented this concept. It could be just a thousand years, not thousands, still it's a widely known concept to them.

[caga]

Defeating fiat is like a whack-a-mole game. Fiat has lost many times in various countries over centuries, but it's still here. When fiat finally caves under the burden of its own issues, overdebtedness of the economy, etc., there will be a reset to another form of fiat, crypto currencies can gain a bigger market share as people lose confidence in fiat, but defeating it completely is unlikely, even if Bitcoin didn't have the flaws it has, it's still unlikely.

Fiat hasn't existed for thousands of years.

The Chinese tried unbacked paper currency = fiat many centuries ago, long before Europeans did. They pretty much invented this concept. It could be just a thousand years, not thousands, still it's a widely known concept to them.

Fiat is not very much adopted every where, its convenient, for everyone which is why maybe it will never be replaced.
 But for bitcoin to be successful, it doesn't have to replace FIAT.

[Elwar]

Fiat will win.

Bitcoin has millions.

Fiat has trillions and can print faster than 25 every 10 minutes.

And you can't wallpaper your house with bitcoins.

Fiat wins.

[seriouscoin]

With Fiat, i can use its paper to wipe my ass

With bitcoin, i can pay OP to lick the shit of my ass.

Who wins? you decide.

[bornil267645]

Give it a bit of time, the Btc market cap will gain it's trust.