I think bitcoin is becoming more and more succesfull. Bitcoin is also money but many believe that it was a scam. But if bitcoin become many people know about it will become very very succesfull.
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It really makes me wonder why so many lovers of crypto currency is still thinking that the crypto currency is a real currency that can replace the legal tender currency that we call money. It seems that they don't understand that the crypto coin is a commodity that is a digital commodity for trading.I don't think it will be possible for bitcoin to replace banks. Fiat currency is still important and will remain relevant in every country because of its stability. Bitcoin cannot be fully trusted because of the fluctuating price.
What i have undrstood about the use of bitcoin as a means of confirming transaction and carrying out e-commerce trading,is that most country would not be relying on the platform for too long,because of the volatility of the coins.Bitcoin may not be replacing banks any time soon, but in countries where civil unrest and rioting banks are posing major threats to the economy, could bitcoin step in and help? Well, in both Chile and Lebanon, they seem to support its role as a valuable tool.
Here is why: https://bitcoinchaser.com/news/bitcoin-instead-of-banks-chile-lebanon
Do you think Bitcoin can save Lebanese or Chilean Citizens or is it too late?
On thing that I know most responsible government would not want to do at least on official bases,is to completely depend on the use of cryptocurrency as their main source of exchange,it could be catastrophic.Bitcoin may not be replacing banks any time soon, but in countries where civil unrest and rioting banks are posing major threats to the economy, could bitcoin step in and help? Well, in both Chile and Lebanon, they seem to support its role as a valuable tool.
Here is why: https://bitcoinchaser.com/news/bitcoin-instead-of-banks-chile-lebanon
Do you think Bitcoin can save Lebanese or Chilean Citizens or is it too late?