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RE: Daily: Will Bitcoin replace Fiat? ICOs = Kickstarter?

in #bitcoin8 years ago

So what you're really saying is cryptos just need to become popular enough that employers will offer to pay salary in them? Also, a lot of normal people save for retirement etc. Maybe crypto in it's current form will never replace FIAT, but over time it most likely will.

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Yeah, I am exactly saying this. Crypto's can become a great investment option in the long run like equities but it can never cross the fiat currency border. It's decentralized my friend, it'll only replace fiat if it will be centralized. And if it ever become centralized, then the whole purpose of crypto's will be lost.

My feeling is that alot of Countries is going to make "Official cryptos" Before any decentrilised cryptos becomes main stream. Smaller/poor countries will probably adopt decentilised options way faster as they have "real" infrastruction probelms already.