US EditionBitcoin will never replace fiat \ stacker news ~bitcoin
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Bitcoin will never replace fiat \ stacker news ~bitcoin
That's because fiat sucks and Bitcoin doesn't. Since Bitcoin lacks this important property of sucking, it can never replace fiat, because it can't fulfill fiat's best use case, which is as a short. It's just not fit for the purpose. Fiat is issued as debt and more fiat (i.e. debt) needs to be issued to pay off old debt, otherwise the world would default. This never-ending spigot funds unprofitable businesses and projects that get access to fiat …
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