Topic: Bitcoin and Fiat - this is how I see the future - page 4. (Read 3960 times)
In my point of view, Bitcoin can possibly replace the fiat someday. Like for example in the other country which they had decided to regulate Bitcoin legally to their own territory place and that is Japan, India and more. This is shows that Bitcoin has a big future waiting ahead someday, where the prediction of many particularly the bitcoin experts that bitcoin will become the world currency.
I think bitcoin and fiat currency will use a lot of it and of course they will not be harmed which means that it depends on the people who want to use fiat currency or digital currency to make transactions.
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. 
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. 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.
Even though you can trade anonymously with bitcoin the government can always ask you about the source of your wealth.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.
Some institutions are even demanding the proof of transactions before one wants to buy a home, for example.
Their logic sounds like "isn't it weird that a homeless rapidly got so much money allowing him to buy real estate?".
So complete independence from the state is impossible, even with crypto
Easy. Find an institution that doesn't demand any of that. There really is no point in looking for proof of transactions since the money could have been the sum of a family's savings. For example, 5 siblings saved up money in order to buy a house and then gave it to their mother. The mother will have no way of giving proof of transactions since the money was simply handed over to her. Money can't be made out of thin air. Even the money that came from the mafias were once created by the government. There really is no point. Someone can spend millions of money but still not be questioned since money can simply be given to you by anyone without any transaction going on. Not every money people have were because they sold something or worked for it.
Another alternative is to make someone who has a good job to purchase the thing for you and then later on transfer the title to you. It's as easy as that so looking for proof of transactions is quite useless.
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.
But the problem with the digital money and the crypto currencies is their advertisement when the money is converted into digital then it was exposed to all the world's people in no matter of time by the company who is doing the transaction but when the bitcoin is decentralized it has been struggling to convince what is bitcoin and blockchain. 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.
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.
Even though you can trade anonymously with bitcoin the government can always ask you about the source of your wealth.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.
Some institutions are even demanding the proof of transactions before one wants to buy a home, for example.
Their logic sounds like "isn't it weird that a homeless rapidly got so much money allowing him to buy real estate?".
So complete independence from the state is impossible, even with crypto.
Bitcoin will replace the fiat money someday. I don't think it's a force to stop it. Many people make amazing investments in these projects. I think it is not possible for such a large market to fail.
Both will play a big part in economic growth, Fiat will still be needed since we are all used in using it as well its the most particular means of transaction, however as time improves into a much advance era, bitcoin will be much used by millennials.
Bitcoin will replace the fiat money someday. I don't think it's a force to stop it. Many people make amazing investments in these projects. I think it is not possible for such a large market to fail.
If in the future maybe there are places that are not supply with internet access or maybe it will be supplied that is the question, so if bitcoin will be accepted and used worldwide and there are places with no supply of internet access so the fiat currency will still be used along with bitcoin currency but as usual they are not of the same value but this two currency will go together , the bitcoin in the digital and fiat in the physical form, that could be the future.
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. 
I would not miss cash, I am more likely a digital orientated person. But yes, cryptocurrencies would take out control of the hand of governments, which surely they would not support.
I will not have this choice as I am working with the cryptocurrencies but I will not have to refuse from traditional money. I think the mankind will always use both of this money forms. I will not do it either.
Yes, Fiat will not be totally removed by it will decrease in its operation little by little because blockchain technology will be very busy that time. So crypto /Bitcoin will reign as future money.
In my opinion, bitcoin will not replace fiat money, but in line with what is needed. Because fiat money is issued by the central banks of each country, while bitcoin does not print and nobody controls. Bitcoin is digital money and applies throughout the world, where the system is decentralized and peer to peer. I would not miss cash, I am more likely a digital orientated person. But yes, cryptocurrencies would take out control of the hand of governments, which surely they would not support.
I think that fiat will continue for long time while paper currency will be replaced by cryptocurrency because crypto is not centralized and fiat is owned by government and small entrepreneurs will use fiat for their transaction. But most of the people will use digital currency in the future, because it has more features and easy to use than fiat currency 
It is not only about control and tracability, but it is also about convenience, crypto is not stable at the moment and that's why it cannot be used as a main asset.
It is in full possible that these two types of means of payment will exist in parallel and perform different functions.
I would not miss cash, I am more likely a digital orientated person. But yes, cryptocurrencies would take out control of the hand of governments, which surely they would not support.
I will not have this choice as I am working with the cryptocurrencies but I will not have to refuse from traditional money. I think the mankind will always use both of this money forms. I will not do it either.
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.
This is one of the motivation behind why a few governments are against digital currency as they don't know how they can profits by it as they can't impose the exchanges that is being made. This consequently denies degenerate government authorities to control the advantages of the general population of their nation instead of fiat uniquely if the clients of digital money won't cover regulatory expenses themselves.
I would not miss cash, I am more likely a digital orientated person. But yes, cryptocurrencies would take out control of the hand of governments, which surely they would not support.
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