Topic: Bitcoin and Fiat - this is how I see the future - page 18. (Read 3960 times)
Cryptocurrency is the currency of the future. Payment between entities becomes quicker and easier than ever. I think so
I see fiat that it will be part of the human history. It will happen maybe 200years from now for fiat is use widely all over the world. Millions of fiat transactions happens in just a moment. So if we some up in every single moment of time fiat travels from one place to another.
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.
Very true for corrupt governments, most especially for those in third world countries that have less transparency and oversight over government finances. However, i disagree that cashless and cryptocurrencies would work well with governments unless the coin is developed with smart contracts that automatically charge a "taxation" fee for all transactions. The public nature of blockchains is actually a feature that could deter government money laundering and corruption.
I think paper fiat will stay and the world will also accept and legalized Bitcoin because it is becoming popular and lots of people are already using it some stores are already accepting bitcoin as their payments and found it easy and safe.
I think fiat and cryptocurrency will co-exist because we are not yet ready for an all digital currency since there is a limitation when it comes to accessibility and technology especially in developing countries. It may happen sooner in developed countries since the highest number of cryptocurrency users are from those countries so they might implement the digital currency as their legal tender because it is easier for them to monitor it. As for other countries, they might yet to observed what will happen upon the full blast implementation of it and depending on the results will they implement it on their own country or not.
I think paper fiat will stay and the world will also accept and legalized Bitcoin because it is becoming popular and lots of people are already using it some stores are already accepting bitcoin as their payments and found it easy and safe.
Yes that is right that both will work together for a long time. In fact it is not so easy that all the people of the world will quit paper money at all and will start using bitcoin for everything for which they were using fiat currency, i think that it will take decades may be centuries, because still majority of people even do not have any idea about bitcoin and other crypto currencies. Even if the bitcoin will be popular today and in the future but the fiat is still going in its currency for a longer time and it is hard to eliminate or phase out fiat money because it can be still used in the rural areas of each countries in the world, but if bitcoin will be used as currency , I think we can considered that fiat and bitcoin will go along way as a purpose of currency and medium of exchanges in the future.
I think paper fiat will stay and the world will also accept and legalized Bitcoin because it is becoming popular and lots of people are already using it some stores are already accepting bitcoin as their payments and found it easy and safe.
Yes that is right that both will work together for a long time. In fact it is not so easy that all the people of the world will quit paper money at all and will start using bitcoin for everything for which they were using fiat currency, i think that it will take decades may be centuries, because still majority of people even do not have any idea about bitcoin and other crypto currencies. 
I think paper fiat will stay and the world will also accept and legalized Bitcoin because it is becoming popular and lots of people are already using it some stores are already accepting bitcoin as their payments and found it easy and safe.
I see in the future that there will be a collaboration in terms of bitcoin and fiat because they can combine themselves so they will come up with a better product or result. Bitcoin is such a great type of currency and its idea can be adopted by the fiat currency and they will just merge and form a better mode of payment or financial system for the world.
No it will not be the combination od the crypto and fiat in equal colloboration,I think either one of it will replace the most of its rival.I hope that crypto currency will takes place a major part in money system but I don't think it will completely replace fiat which was in practice for too long.
I see in the future that there will be a collaboration in terms of bitcoin and fiat because they can combine themselves so they will come up with a better product or result. Bitcoin is such a great type of currency and its idea can be adopted by the fiat currency and they will just merge and form a better mode of payment or financial system for the world.
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 don't know if you have heard about privacy coins, but cryptocurrencies can be completely anonymous leaving government or state agencies with nothing to trace. Also, there are mixing services, which can make Bitcoin transactions almost untraceable. Government can really trace cryptocurrencies and their hodlers because we still need to convert crypto to fiat which requires bank details for any actual use because cryptocurrencies still lack adoption and utility. Government still can't trace anything going on in Darkweb and OTC trades. That is why countries are trying to regulate and it making it necessary for people to go through KYC. But they still can't control the decentralized form of monetary system, cryptocurrencies. 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.
But anyway because each government of each country has different responses on crypto.. it hasn't ensured that it will indeed happen, it will be different. Unless there may be mutual consent from all countries that intend to accept crypto, it may be more inclined to a more positive side to advance the country and its citizens to prosperity and more modern.
think paper fiat will very soon come out of circulation. Payment units will be a crypto currency.
The Swiss city of Zug is considered the capital of the crypto industry, in this city the official bitcoin unit. Switzerland has been one of the world's banking centers for decades. It seems that Switzerland will become the world center of crypto currencies.
The Swiss city of Zug is considered the capital of the crypto industry, in this city the official bitcoin unit. Switzerland has been one of the world's banking centers for decades. It seems that Switzerland will become the world center of crypto currencies.
This is what we all hope for but the problem is if the government will ever make this work out. If the fiat currency would work same in hand with cryptocurrency i believe there will be a less use of credit cards or wire transfer for online payment cause bitcoin and some worthy cryptocurrency would take over. And after for some time cryptocurrency will slowly start taking over but the government will not really like this.
To be frank we are here in the crypto currency and that’s why we always like to see our bitcoin or other crypto currency to take the place of fiat currency. Somehow we start to correlate bitcoin with all other type of ways to transact but that’s just not possible for bitcoin. At least not in today’s date when the crypto is in ambiguous use of real people in terms of laundering, scams, frauds etc. Governemnt will allow its use only when it’s really mandatory or upto the mark.
I completely support your idea guy. I think that almost all people in crypto’s market both have a wish to use bitcoin legally. Truly bitcoin and other cryptocurrencies is being owned in most parts of the world, but you know that still many other people don’t know what it is , that’s one of the most reasons that cryptocurrency still don’t be recognized strongly. Moreover, Government probably can’t control the digital market, thus they would not get many benefits from crytpcurrency any more, especially taxation. Anyway, bitcoin may be accepted like fiat someday.
I think in the near future we will see both fiat and cryptocurrency will be down, there will be inflation from both ends, for crypto currency, there will be a lot of FUDs that will come out, but in the end, in the long run cryptocurrench will still be alive, however for fiat, since all the economy today seems to be going falling, if you check all the currencies today they are falling as well due to the price of oil, and if we check Venezuela, they tried to make a currency for payment of oil, and i think that would be the start, since the USD is falling, in the long run, inflation will be high and people will look for ways on how to earn, and the best thing to do it will be by crypto, though fiat will still be there, most will be shifting.
In my own opinion, if the entire world or most of the people who are living in a country will be preferring cryptocurrency over fiat and governments can do nothing about that because people will always look for an alternative way to earn money and cryptocurrency is the answer.
Well as long as the government is still in power, they could do a lot of things to its citizen. If crypto is still illegal, the govt can sue you and put you in jail. Those people who prefer crypto must fight their way to legalize crypto in their country. Btw, legalization has nothing to do with earning money. I think in most country trading and gaining value from crypto is still allowed.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.
I agree with your point, digital payment will make it easier to monitor cash flows. It also will reduce the cost of cash—paper and coin don't come out of nowhere, they have to be printed and minted. But your car selling example is a bit off IMO, the govt would know anyway even if you pay by cash.
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.
From what you said, since digital money is easily traced and taxed, this would also mean corruption can be minimized. However, i believe both Bitcoin and fiat will exist in the future. Because it is not easy to eliminated fiat. Government would have a great resistance on that.
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.
Government will be able to to do something about cryptocurrency, government will not be able to control the flow of cryptocurrency since taxes cannot be applied to block chain but the government might ban cryptocurrency in their country if the economy is being affected in a negative way.
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.
From what you said, since digital money is easily traced and taxed, this would also mean corruption can be minimized. However, i believe both Bitcoin and fiat will exist in the future. Because it is not easy to eliminated fiat. Government would have a great resistance on that.
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.
I think cryptocurrency will be widely used in the future because there are many people today in the corporate world who earn a little salary and if they know about bitcoin then they will try to invest with bitcoin to earn additional income. I have done it.
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