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>perhaps some day one will replace the USD USD is fiat currency. Fiat simply means by decree. USD is a currency by decree of the US Govt. It's highly unlikely
by CryptoGhost 6y ago
>perhaps some day one will replace the USD
USD is fiat currency.
Fiat simply means by decree.
USD is a currency by decree of the US Govt.
It's highly unlikely Bitcoin would ever become a fiat currency by the US Govt. It's also highly unlikely the US Govt would allow a free banking system and allow a cryptocurrency like Bitcoin to fill the void naturally.
Also, Bitcoin can evolve overtime through consensus of it's users. So it is highly unlikely it would be surpassed by a cryptocurrency that is like Bitcoin but marginally different, it would have to be something radically different.