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    Author Topic: lets imagine world without fiat currency  (Read 2262 times)
    panganib999
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    February 10, 2021, 02:55:53 PM
     #181

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     But if bitcoin was used in all of the transactions, then probably it will become the same as fiat, its volatility will not exist and it will just have a stable value.
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    Speaking of value when we comparing Bitcoin and fiat now, I don't think so that the value of Bitcoin will be the same as fiat. Because I believe, fiat is centralized, the government can decide anytime if they want to print for money. But in Bitcoin? They are totally different, that's why as time goes by, Bitcoin is becoming more asset than using it for payment just like our fiat now.
    Of Course btc won't have the same value with the fiat for the near future. As you can see, BTC evolves every minute, every hour, everyday, and every year. Its timeline from the day it is stablished up to now will be the evidence of its dominance. Soon, it will be accepted worldwide as a digital currency even though we know that there are some countries that restricts BTC.

    I think BTC will probably not invented because the main reason why BTC have value I think is thay because of the fiat value currency. Bitcoin is just a strand of fiat but in digital mode and it is very independent because it is volatile, unstable and not regulated by anyone. Based on my understanding. And I believe that if the world doesn't have any fiat, there is no progress and some big income for everyone. Goverment are controlling the fiat production and the economy is the one who controlling its value. This fiat money is one of the most important aspect in life in all over the world and because as I see, many people are making fiat as their daily needs.
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