The Stage Is Now Set: Bitcoin Will Replace Fiat By Beautyon This article was featured in the "Orange Party" edition of the Bitcoin Magazine Print — subscribe here. In this piece, Beautyon argues that Bitcoin will eventually replace fiat currency and become the main way that people spend money, both online and offline. It cites the development and success of the Bitcoin network and consumer-grade Bitcoin tools, as well as the adoption of Bitcoin in El Salvador, as evidence of its potential to become the dominant form of currency. He also suggests that Bitcoin has the ability to bring prosperity and economic stability to Africa by replacing the fiat currency system, which is associated with the "unethical, evil, unbalanced, and unworkable systems of control" of Western democracy. It further claims that Bitcoin will eliminate the possibility of state-sponsored mass murder, as it removes the ability to fund such actions through the creation of fiat currency. |