Bitcoin is a digital currency.
Bitcoin has a limited supply.
Bitcoin is volatile.
Bitcoin always needs internet.
If government legalized and use bitcoin like fiat currency,to what extent it can be used? I just thinking that it was very difficult if ever it will happen someday especially for the young children's. Unlike in fiat currency even a two years old kid can buy in a store using it but if bitcoin,i don't think so ,even those old people who do not know how to use a cellphone,computer and other gadgets. It will be difficult for them.I'm just curious guys and want to know your opinion.
That is actually a feature. 2 year olds should not be buying things in a store to begin with...
Legalizing Bitcoin doesn't necessarily mean extinguishing your fiat, you can probably keep using both in parallel. But suppose the fiat is killed entirely, i have an idea that, you can go to a shop/venue/whatever and purchase tokens in a machine with your bitcoins. Think amusement park, but instead of using fiat for the tickets, you use bitcoin. In fact you could buy them in advance and pay the lowest transfer fee, then your little ones could use them just fine in the rides they want to go the actual day.
This can be extended to anything, not just amusement parks...
You could also use some sort of card that could be refilled this way, not unlike what mass transport systems use in many countries. The elderly use those cards in those countries just fine (ie. Hong Kong).
Bitcoin is not volatile, its free. Price fluctuation is a good sign, it means freedom, and don't forget its limited, i will always tend to go up because the other coins are unlimited in supply.