kaleemmalik Posted August 26, 2018 #1 Posted August 26, 2018 Although Bitcoin exists for almost 10 years, its role in our life is still unclear. One of the theories states that Bitcoin was created to solve the problems which fiat money cannot overcome. We can see how so many Governments have huge debts and how some countries cannot support their own currency (Venezuela might be the best example now), so Bitcoin looks like a possible option nowadays. Getting rich was never the goal for Bitcoin. It was meant to become the currency of the digital world and provide an alternative to the dying economy. So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
militech Posted August 26, 2018 #2 Posted August 26, 2018 what is fiat? can you tell me more about it?
sirmitchel Posted August 26, 2018 #3 Posted August 26, 2018 it is nothing to do with any countries economy its same as other digital / cypto currencies that we use for online transaction.
Kate Posted August 26, 2018 #5 Posted August 26, 2018 4 hours ago, militech said: what is fiat? can you tell me more about it? Fiat just means regular currency like USD
Featured Comment
Archived
This topic is now archived and is closed to further replies.