Topic: 💱 A future without fiat currency 💱 (Read 179 times)

You know what pal, this is obviously the problem with most of the crypto lovers/users out there. Most of the people that admire the crypto world as a whole always makes or sees both fiat(in every country) and cryptos as things that needs to compete from one another and that one must be dominant than the other. Not only that they want want only one victor, they also want one to be replaced completely and that is fiat. What's worse is that they also want to influence others to choose between cryptos and fiat, and I honestly think that what's next is that supporters of another coin will also influence others to replace the crypto that has replaced fiat(assuming that a crypto has became fiat) with the coin that they are currently supporting. This in my opinion is really dumb. Because considering the state of technological advancements in every country plus the mentality of most of the people that run and are in that country, I really do not think that cryptos is the way to go yet. I wish that more people would see this and would understand that both fiat and cryptos work best if they are working together. Specially at this time that we still lack the needed technologies to make transactions offline or to provide free and stable internet for every part of every country in the world.

We may agree that perhaps this is one of the dreams of cryptocurrency, a world without fiat, but will exchange six to half a dozen, in consequence Bitcoin or another currency will become the Fiat, depends on the concept we have about Fiat ? I am wrong ?

I am too excited on how the world would be without any physical form of money and we are just using cryptocurrencies,what if you are going to buy something like fresh foods?are you going to use cryptocurrencies? as if there will be some device for all the people in the world,that would be possible but it is more complicated than that.

TRUE! BITCOIN is everything in this crypto community, world without FIAT will be hard to people as they are not relying on the internet.
some of the countries have poor internet connections. bitcoin is very fragile in the market and as a new holder of bitcoin will be a big risk. we should consider that today with bitcoin + FIAT is the most beautiful thing we can have in life.

I think it's the convincing people to adapt to it and use it daily that will be difficult.

Many people don't even know a lot about it, much less see a reason to use it.

So it's definitely gonna take a long time, maybe not in our lifetimes.

Why would there be a world without fiat? Do you expect governments to cede control of the monetary policy within its borders? Perhaps in the very distant future it may be true - but for the foreseeable future - the next 20-50 years. No. Not even close.

Now, if you're talking about digital currency (digital fiat) then yes. That may happen, but there will be push-back from people who don't want their every purchase to be tracked by big-brother.

If you mean a world without USD or Euro or ..., then no, not in the near future.

20 years from now? Who knows? Maybe things will be very different then...

I do not think that in the near future we will be able to do without the usual fiat money. The Crypto currency has just entered our life and this process will be very long. We see that the introduction of the new constantly meets the resistance of the old and especially it concerns the money supply. In the world there will always be a part of the society that will oppose the transition to full use of the crypto currency, no matter how convenient it is to use it. In addition, for the transition to the crypto currency, certain technical conditions are necessary, and they will not be around the world soon either. I think that for a long time the crypto currency will go along with the usual money.

On my opinion, bitcoin is the fiat of the cryptocurrency because all altcoins depends it value to the Bitcoin,

It just like in real fiat, USD is an international currency on my opinion as of the moment, but even that is the international currency we also have different currency in different country, just like altcoins.

If Fiat will be gone, bitcoin sill be the fiat of the future.

🌟 Bitcoin was initially offered to the public as a cryptocurrency. Its next generation can be listed as Litecoin, Filecoin and Ethereum.

Each cryptocurrency has something in common with the fiat currency - they implies the economic value; they can be traded in transactions. However, none of them can be considered to take the key role of money, as a stable exchange method to trade in an easy way.

🌟 In 2018, ICO developers and their Bitcoin- related products have led the public and the media to the definition of digital currency. We have been led to a new technology which is somehow similar to money, but in fact, it does not.

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