Can you buy things anywhere in fiat without someone somewhere comparing it to the Euro, Krona, Pound, Dollar, yen, yuan or all six before they've set the price? Does this mean anything?

If fiat disappeared, bitcoin would organically be able to take over much like anything else people chose as currency/being valuable.

If you buy something made in China and you're not buying it in yuan, someone's done a conversion somewhere. If you're buying something in an airport in currency not accepted in that country it wouldn't be possible under your own aspects. Most companies that handle crypto conversions at the moment deal in fiat because it's what they want to collect or to remain competitive.

Most things are priced arbitrarily, it generally doesn't matter what units they're priced in as long as a company can make a profit overall.

Fiat isn't important to Bitcoin but Fiat currency is important to people.

That said Bitcoin is created as currency meaning it can do the same function as fiat currency but at a more transparent and censor-free transaction.  Bitcoin doesn't need any third-party financial company to create a transaction so in short, how can a more advanced currency system need an almost obsolete fiat currency system?


My answer is yes. You can send bitcoin without fiat, and that's it.  It is different when people force a subject to accept Bitcoin when it does not really accept Bitcoin.

Fiat is important to Bitcoin because most people tend to understand things in terms of fiat.  If you remove fiat, then it would be like speaking a language that people don't understand, making Bitcoin adoption that much harder and longer.  Plus it assigns value to Bitcoin in terms the masses can understand.  So when the days comes 1BTC= 1BTC, they will understand.

What's possible there is a general currency that could be acceptable anywhere any place, I know bitcoin is a digital money that has no limitations of transaction but it could only be used as an exchange of value wherever it's acceptable. For instance, you wanna lodge or book a reservation in any country, your arm should be if such place do accept bitcoin and if yes then it would be possible to deal with. Fiat is just like units to show value of what you wanted.. lemme say you lodge in a hotel room worth $500 per night and how do you pay is via fiat that which has represented the value and quantity of what you want same it's with bitcoin which might likely be some fraction of bitcoin to represent such value. In general fiat comes in wherever they don't accept bitcoin in any areas you find yourself, and if it happens that bitcoin is acceptable then no need to move and deal with fiat.

It's happening a lot, I really don't understand why they are talking bad about fiat when they still use fiat everyday. For now, like it or not, fiat is the king of money and will remain in use until the government intends to phase it out. Although it has a lot of problems, we will never be able to stop using it. As for bitcoin, it is actually becoming an investment, an asset, a commodity rather than a currency so comparing it to fiat is not correct.

Why hate and compare, they are 2 different thing, just set aside the comparison and learn how important this 2 is. You cant use bitcoin to buy daily needs in ordinary store outside, aside from its volatility, internet connection is also a problem unless you are in a city. While fiat can do most of them time aside that authority controlling, the circulation, the use, etc. People are used to have it.

If you are asking "is it possible to live without ever using fiat and only using Bitcoin", then the answer is it's only possible to do so in a few places in the world, and it's extremely inefficient.

It's not that Bitcoin needs fiat, the protocol is designed without any fiat systems in the loop, but Bitcoin is not adopted enough to replace fiat in daily life. That's why investment is Bitcoin's biggest use case, instead of payments.

Bitcoin is really easy to spend without fiat! The reason currently we're hard to spend Bitcoin without fiat is only few or none offline stores are accept Bitcoin payment in satoshi equivalent, they're only want to accept Bitcoin and we need to convert to fiat equivalent. Most people still look Bitcoin price stick with fiat, while it's actually 1 BTC= 1 BTC. Don't forget Bitcoin is easy when you want to send it, you can do P2P and just wait for at least 1 confirmation, it's done.

Money is a medium of exchange used by people in every transaction of goods and services.
Bitcoins can and can be used in transactions in the event that Fiat does not exist at some point. Many companies in the world have started using Bitcoin in transactions and that is the proof behind the answer that Bitcoin can be used without Fiat.
One obvious example is El Salvador.

Fiat money and bitcoin are supposed to coexist, because they have the same uses, even though they have differences, but they don't have to insult each other.
people who vilify fiat money forget that in their daily life they still use fiat money.
indeed fiat money has its drawbacks, but it is not natural that it must be abolished, because fiat money has been around for many centuries, on this earth.

and bitcoin is present as a complement, this is where bitcoin is used, the deficiencies that exist in fiat money, are covered by the existence of bitcoin.

In conclusion, don't insult an item or object that has helped you and you use it.