Do you guys think bitcoin will overtake fiat money?,(reply>), @Zach Carver Gold used to be that and was disastrous in depression periods and pretty average in good times. <br><br>What we learned in 80 years of macroeconomics gave us inflation targeting with better performance in normal times and much better performance in awful times. There are a lot of shocks hitting the economy at any point in time, you should have the ability to use monetary policy to stabilize the shocks we can moderate (mostly in the demand for money).<br><br>It's true that in places where fiat money was abused it turned out to be even worse than gold, but a sound fiat system is much better than crypto and stuff like that. Still room to improve, but bitcoin/cryptocuurency is a step backwards, not forwards.,(reply>), @Guilherme but maybe the whole point is that we need a decentralized global currency,(reply>), Worthless. Maybe blockchain could have important uses, but not the coin per se. There is no substitute for a national currency and a central bank.