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Author Topic: Bitcoin is a substitute for paper money  (Read 16296 times)

Offline Madmax789

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Re: Bitcoin is a substitute for paper money
« Reply #105 on: November 23, 2022, 07:56:12 PM »
I am new to the form but as far as I know Bitcoin is a virtual currency and what impact it may have in the future I will ask the seniors' Well, I think bitcoin will be a fiat replacement in the future. Along with the progress of the era and technology that will be revolutionary to transact
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Re: Bitcoin is a substitute for paper money
« Reply #105 on: November 23, 2022, 07:56:12 PM »

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Re: Bitcoin is a substitute for paper money
« Reply #106 on: November 24, 2022, 11:57:37 PM »
I am new to the form but as far as I know Bitcoin is a virtual currency and what impact it may have in the future I will ask the seniors' Well, I think bitcoin will be a fiat replacement in the future. Along with the progress of the era and technology that will be revolutionary to transact
Bitcoin cannot replace either fiat in general or the paper money of states. It is by nature not designed for this. In addition, for this to happen, it is necessary that the state and its government want it, and this will never happen. The economies of states cannot rely on a currency that changes in value every second and which they cannot control and manage. And high price volatility is an integral attribute of the decentralized cryptocurrency market.

 

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