I think the future of money, is a combination of bitcoin and fiat currency. Bitcoin will never replace fiat currency in the future because it is the material used in monetary system of country. All of the countries have their own fiat currency. It is more convenient to people if bitcoin will also be used as currency together with a fiat currency.
Cryptocurrency will be walking in our society only simultaneously with the national paper money of the states. It cannot be otherwise. Cryptocurrency is not able to replace the national money of the states. Today fiat currency is the simplest and most perfect system of monetary settlements. Our society for a long time will not be ready to switch to other payment systems. They will still exist in parallel with each other. 
Topic: Bitcoin and Fiat - this is how I see the future (Read 3960 times)
At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
Bitcoin is peer to peer transaction and i think its untraceable. We dont know the identity wallet owner. For government, this can not trace to collect taxes but if we use bitcoin in merchant, government can collect taxes from VAT
Yes, I also think that the taxes will be collected, but Bitcoin will be used almost everywhere. Each one, who thinks that the cryptocurrency if more convenient than fiat to him, will operate with it.
Because if they do that and bitcoin skyrockets as we know it will happen then the benefits they will get out of it will be many times over whatever fiat they could have received by those products.
At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
Using cryptocurrency doesnt mean we dont have to paying taxes. When we buying goods with cryptocurrency, its already attached with VAT. Its true that government will turn to digital money but i think that not for bitcoin because bitcoin is decentralized cryptocurrency
I think the future of money, is a combination of bitcoin and fiat currency. Bitcoin will never replace fiat currency in the future because it is the material used in monetary system of country. All of the countries have their own fiat currency. It is more convenient to people if bitcoin will also be used as currency together with a fiat currency.
Well that could be your thinking but for me we are slowly replacing fiat by our own if you are here means you know the worth of crypto currency. You actually know bitcoin is gonna be our future current because with every passing day bitcoin is taking the place which ever fiat had. So for me future of fiat is on dark because of bitcoin. At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
Nice ideology, but the big question is will the government allow that? is this not the same reason they are fighting against bitcoin? It's a very generally acceptable ideology but it's a long shot. So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
hope it really happen in the future, not replacing fiat but I hope that bitcoin and crypto can be used as easily as using fiat.
Some says crypto can soon replace fiat but how can that be possible ? I mean we must first need fiat in order to buy cryptos . you cant also say that we can mine crypto or we can earn them online because we still need money in order to buy a miner or to buy a gadget with internet access .
Btc and cryptos were now also easier to use compare to before because many merchants and companies are now open up for supporting crypto payments but i think fiats are still more easier because they are direct .
hope it really happen in the future, not replacing fiat but I hope that bitcoin and crypto can be used as easily as using fiat.
Some says crypto can soon replace fiat but how can that be possible ? I mean we must first need fiat in order to buy cryptos . you cant also say that we can mine crypto or we can earn them online because we still need money in order to buy a miner or to buy a gadget with internet access .
Btc and cryptos were now also easier to use compare to before because many merchants and companies are now open up for supporting crypto payments but i think fiats are still more easier because they are direct .
hope it really happen in the future, not replacing fiat but I hope that bitcoin and crypto can be used as easily as using fiat.
Some says crypto can soon replace fiat but how can that be possible ? I mean we must first need fiat in order to buy cryptos . you cant also say that we can mine crypto or we can earn them online because we still need money in order to buy a miner or to buy a gadget with internet access .
Btc and cryptos were now also easier to use compare to before because many merchants and companies are now open up for supporting crypto payments but i think fiats are still more easier because they are direct .
hope it really happen in the future, not replacing fiat but I hope that bitcoin and crypto can be used as easily as using fiat.
Some says crypto can soon replace fiat but how can that be possible ? I mean we must first need fiat in order to buy cryptos . you cant also say that we can mine crypto or we can earn them online because we still need money in order to buy a miner or to buy a gadget with internet access .
Btc and cryptos were now also easier to use compare to before because many merchants and companies are now open up for supporting crypto payments but i think fiats are still more easier because they are direct .
I think the future of money, is a combination of bitcoin and fiat currency. Bitcoin will never replace fiat currency in the future because it is the material used in monetary system of country. All of the countries have their own fiat currency. It is more convenient to people if bitcoin will also be used as currency together with a fiat currency.
hope it really happen in the future, not replacing fiat but I hope that bitcoin and crypto can be used as easily as using fiat.
Some says crypto can soon replace fiat but how can that be possible ? I mean we must first need fiat in order to buy cryptos . you cant also say that we can mine crypto or we can earn them online because we still need money in order to buy a miner or to buy a gadget with internet access .
Btc and cryptos were now also easier to use compare to before because many merchants and companies are now open up for supporting crypto payments but i think fiats are still more easier because they are direct .
hope it really happen in the future, not replacing fiat but I hope that bitcoin and crypto can be used as easily as using fiat.
Some says crypto can soon replace fiat but how can that be possible ? I mean we must first need fiat in order to buy cryptos . you cant also say that we can mine crypto or we can earn them online because we still need money in order to buy a miner or to buy a gadget with internet access .
Btc and cryptos were now also easier to use compare to before because many merchants and companies are now open up for supporting crypto payments but i think fiats are still more easier because they are direct .
Thats a good thought about the bitcoin and fiat tie up but there are again few more questions that arises. I mean why government will choose bitcoin for this purpose and why they cant just go and rule out the cash itself? So that by declaring that they will be using only digital forms of payments ? They can always do that and same thing is happening in country like India. Where to stop the money laundering they literally changed the currencies throughout the country and declared that use of digital payment will be rewarded. The results were pretty good and I guess its worth to think that government can control it the way they want.
I can see my future in bitcoin and flat . The rrason why I am motivated in working hard is the bitcoin and flat . I want to earn a lot of it so that I an afford my future wants. In the nearest future, many people will use the cryptocurrencies as they use fiat now. They will buy various things for Bitcoin and some altcoins. Bitcoin ATMs will be popularized as well.
I don't think it will be a problem as long as it is controlled by the government?
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At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
Bitcoin is peer to peer transaction and i think its untraceable. We dont know the identity wallet owner. For government, this can not trace to collect taxes but if we use bitcoin in merchant, government can collect taxes from VAT
Yes, I also think that the taxes will be collected, but Bitcoin will be used almost everywhere. Each one, who thinks that the cryptocurrency if more convenient than fiat to him, will operate with it.
At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
You can't sell car or house anonymously for cash because it always has to be some agreement done
Cash is going to stay and it has to stay.In my country in EU Europe banks have big problem with his IT infrastructure sometimes during weekends his service is not working and even his cards are not working so it is always good to have some cash
If everything will be digital than it will be very easy to control people
China is punishing merchants what are not accepting cash because it is against law
There is planty of places in my country where i can pay only with cash
In a case of bitcoin cost of transaction is to high and it will be not lower in future
So bitcoin is not internet money
At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
I’m just starting to notice that some people here hates the current monetary system. The worst part is that these people makes no sense, they can’t give any good reason as to why they even hate fiat, they just feel like the cryptocurrency will give them freedom and make them rich, lol. So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
Cryptocurrency gives you no freedom, the government will still control it if they wish. I don’t support cryptocurrency, but I like it. People just needs sense of reasoning.
Actually comparing these two, Bitcoin and Fiat is useless. I have also noticed that a few people don't want to accept the fact that fiat will be there with us. Maybe there won't be any physical notes and we will have fiat in form of cryptocurrency. At the end of the day, they will be still using fiat and occasionally other decentralized cryptos. Governments will levy a tax on the transaction of decentralized crypto. Maybe few governments will exempt those taxes but maximum will levy a tax.
I'm one of the people who like to criticize monetary system. It's a big lie that we don't give enough reasons, it's a big lie that we think how crypto will make us free and rich, the point is in financial freedom, and some people who are here have that financial freedom. When you have so high opinion about current monetary system, don't be lazy do a little research about current economy, spent some time in reading about flaws and bad sides too. People need more than sense of reasoning, people should open their eyes and look what's happening outside and to try to understand why this world is still a jungle, and how current economy is taking care things to stay the same. In jungle there is no sense of reasoning, bigger animals eats smaller ones, it's a food chain and that's current economy, people should be people on the first place, not animals or slaves, people, can you understand that for start, later I will explain you why how can crypto help in changing the world, but you need to start from beginning.
At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
I’m just starting to notice that some people here hates the current monetary system. The worst part is that these people makes no sense, they can’t give any good reason as to why they even hate fiat, they just feel like the cryptocurrency will give them freedom and make them rich, lol. So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
Cryptocurrency gives you no freedom, the government will still control it if they wish. I don’t support cryptocurrency, but I like it. People just needs sense of reasoning.
Actually comparing these two, Bitcoin and Fiat is useless. I have also noticed that a few people don't want to accept the fact that fiat will be there with us. Maybe there won't be any physical notes and we will have fiat in form of cryptocurrency. At the end of the day, they will be still using fiat and occasionally other decentralized cryptos. Governments will levy a tax on the transaction of decentralized crypto. Maybe few governments will exempt those taxes but maximum will levy a tax.
Yes it really makes sense to government that's why they should get in touch in digital currency because if people uses it in their transaction as a payment they will not gonna waste time of approving it with a second man. And it will be easy to the seller and buyer to make a better transactions than getting more approval in some different places to get his/her dreamed product.
indeed it is an advantage, where every time you have to innovate to get more practical ways in transactions. by cutting the chain of approval of a transaction it makes this system more practical to use. so it is not surprising that many begin to learn it even start using it now, to support their activities 
At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
I’m just starting to notice that some people here hates the current monetary system. The worst part is that these people makes no sense, they can’t give any good reason as to why they even hate fiat, they just feel like the cryptocurrency will give them freedom and make them rich, lol. So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
Cryptocurrency gives you no freedom, the government will still control it if they wish. I don’t support cryptocurrency, but I like it. People just needs sense of reasoning.
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