Can you read rule number 27 in the forum rules https://bt.irlbtc.com/view/703657.0. I made in the local board with the local language and  I decided to bring it with standard English for general contribution. please can you also tell me the rule you are quoting from the general rules. in the rule number 12 which stated it clear that,

Bitcoin is not used by only one country and that made me bring the thread here for general contribution and their experiences. Next time make research and have evident befor saying such. if it against the rule above, Moderator shall delete the thread.

Perhaps not everybody has the same ideals when it comes to bitcoin. Honestly I love bitcoin but the restriction om some places about its adoption and potential usage make it hard to bloom faster than it should be. Im talking about the ability to be used same of typical currency. I said that cause, in our place its still the currency has been used of on everyday expenditure amd viewed bitcoin as form of investment to hold than to used it. (On the realistic note: This is true, since most hold than using it)

Question is why? Its obvious cause its volatile and its value are not always the same.

To be completely honest, there is no doubt that Bitcoin and cryptocurrencies have brought a lot of change in the world of finance, but it would be a lie if I say that I see fiat currencies differently because at the end of the day, it's all money and we need it no matter in which form it is. I'm not talking about it as a store of value, I'm talking about it as something that you can use to get something else, and we still use fiat for pretty much everything because you can't use Bitcoin and cryptocurrencies for that. Even if you have bitcoins or other crypto, you need to convert them to fiat if you want to spend them.

I also understand and know that the traditional financial systems are different, and I can agree that before Bitcoin, most of us never thought about centralization vs decentralization, and we never thought that there could be a possibility for us to make transactions one day without involving a third-party in between the two parties involved in that transaction, and Bitcoin made this possible, but what I said above is about Bitcoin and fiat as money or currency only, not as a system.

I would say not just our local currency, but all other fiat as well around the world, specially dollar or UE or yen in Japan. And it open our yes on investments too. Before I don't know what is investment to be honest. I know that it's just you put money and then it will grow.

But it's not that easy even in Bitcoin, you will need to have a better plan and strategy. And then I learn about DCA and that's it. The best and only approach and it's not complicated as everyone can used that approach. So we broaden our mind with money and how to be self-made, build generational wealth.


ctto

Yes, back before I knew about Bitcoin, I thought that fiat currency was pretty good to hold in the long term.. at that time, I was younger and didn't really understand much about finances.. however, since learning about Bitcoin and studying inflation, central banking policies, and how the government treats fiat, I realized that fiat is just a system that is so fragile and so dirty.

Comparing it to Bitcoin, it's so different.. Bitcoin seems like the opposite, being decentralized with no single entity in full control.. it gives full control to its users and is capable of preserving your wealth in the long term.. if I hadn't known about Bitcoin, I might still be putting full trust in the fiat system until now.

The monetary systems has a number of flaws and that was a major reason Satoshi was prompted to come up with cryptocurrency. The main idea was not  really to phase out fiat but to offer something more reliable and efficient.  People saw that and believed and that is a very strong tree reason Bitcoin is still kicking and rearing to go irrespective of the stumbling blocks thrown at it.

Although I wouldn’t say that the discovery of bitcoin didn’t change people’s perception about how they see fiat currency in the sense that previously people never knew they could actually be in control of their own money, make use of it whenever they wish to without any government or financial institutions approval or regulation. With the discovery of bitcoins people now know that they mustn’t rely on government regulations/approval before they spend their money, they don’t need any intermediaries before getting access to their funds, they now discover that their money can be adding value with time. Albeit, the discovery of bitcoin didn’t take away anything from fiat currencies, it still serves its function and operates as it should and people still have need for it.

Now I want to ask, how exactly did bitcoin change how you viewed banknotes because you didn't really give any context on that and as far as I'm concerned those two are fundamentally different, sure bitcoin has alot of the characteristics of the everyday cash but it's lacking in a of the major one; being physical.
The Note was created as a physical representation of valuable assets, without something to back it then it becomes useless and  while people can try to deny it bitcoin has become one of those valuable assets that a physical cash represents and that's why the value of bitcoin is still tied to the regular currency.

Had you never heard of cashless payments before bitcoin came along? I’m talking about things like bank transfers and cards. And then there was WebMoney, for instance, which was created a full decade before bitcoin. You could already use non-cash forms of payment back then.

I’d actually argue the opposite: cash gives you a stronger sense of value. Studies show that people spend more when using non-cash payment methods (online banking, bank cards, etc.). In other words, it’s harder to "part" with cash.

Undoubtedly, bitcoin has enabled many to "open up new horizons".

That is precisely what is likely to happen in the foreseeable future: cash will disappear and be replaced by CBDC, which will be used for everyday transactions. Everything is moving in that direction.

Well, of course, because cash can't be used to build wealth (due to inflation), whereas bitcoin allows to grow capital.

Of course, it changed things. But that doesn't mean I’ve "renounced" cash. They are simply different tools for achieving different goals.