Topic: Bitcoin and Fiat - this is how I see the future - page 6. (Read 3960 times)
It has a great for future, it seem as the way to be better for our next generation. It can helps the, financially, people should see the advatages and huge potential of crypto currency. It can be an alternative way to earn living.
I think that fiat and crypto can and will exist together. They are both very important to our economics and to financial health of people. I don't understand why people want fiat to die.
This is what I see in the near future both btc and fiat would be on top and existing. People will still love to use fiat for the reason's some cannot adopt this blockchain technology. We cannot force others to use btc so btc and fiat would still exists. 
For now cryptocurrency really trend all over the world, but still Fiat is much more prevailing than crypto. Which means, Fiat will exist as long as the government declare it as a useful thing to all citizens in the entire world. Even, though some are saying that Bitcoin could possibly has a potentials to become a world currency, but still just speculation at the moment.
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.
Bitcoins will be always part of our life since there are a lot of people today who are interested on investing in it and fiat will be still here and wont be remove because not everyone is capable of earning cryptocurrency.
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.
Good idea!I think the Fiat system is beneficial to the government. She can write these debt papers (wrappers) as much as she wants. Let them into circulation, and cashless way to pick them up. Thus it turns out the cycle of money. Money laundering definitely occurs in non-cash and digital form, there is no doubt about it.
I think that fiat and crypto can and will exist together. They are both very important to our economics and to financial health of people. I don't understand why people want fiat to die.
It will be two currencies that will complement each other.
I also think that bitcoin and fiat must exist together.
I think the government has been preparing for this to happen knowing that cryptocurrency is already inevitable in the market.Fiat currency is still in demand today by majority since only few of the countries have legalized the use of bitcoin.
When Bitcoin and the cryptocurrency market decline, people can say anything about it without thinking. I believe that this market will grow strongly and not stop here, investors should have their own judgment to have the most appropriate investment direction.
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.
Since that is what's currently happening, we can say that there is a large percentage that it would be what the future look like. We need to wait first and see if fiat will stick with bitcoin and bitcoin with fiat. Maybe someday bitcoin will dominate fiat and replace but it would take up a long time for sure before that thing happens. 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.
Maybe there is bitcoin in the future and at the same time there is also some.other crypto in the future. As we all know that there are many good crypto too in the market so we shoulf consider those crypto in fact they are already claiming that they will going tp surpass bitcoin when it comes to market price movement or coinmarket cap volume. Yet there is no crypto for now that has the capability of doing it. 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.
This is what my stand also that bitcoin and all cryptocurrency together with fiats will serve the whole world in terms of financial and transactions.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 can’t support the whole universe because of its limited access that needs internet.while the fiat will act even without this but slower since it is physical so if they work togethr everything will become better and good
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.
Good idea!I think the Fiat system is beneficial to the government. She can write these debt papers (wrappers) as much as she wants. Let them into circulation, and cashless way to pick them up. Thus it turns out the cycle of money. Money laundering definitely occurs in non-cash and digital form, there is no doubt about it.
The future will catch up with fiat currency when people will appreciate digital currency such as bitcoin more than the fiat currency we have around. I believe digital currency and fiat currency can coexist in any economy in the world.
That is right, we have a great future of both fiat and crypto especially the Bitcoin which are great though the value of Bitcoin is more than that of fiat but we are observing the existence of both fiat and Bitcoin in many countries especially in European countries. Fiat help us out which is not hidden from us while the Bitcoin has shown its greatness in this short time.
The future will catch up with fiat currency when people will appreciate digital currency such as bitcoin more than the fiat currency we have around. I believe digital currency and fiat currency can coexist in any economy in the world.
That is right, we have a great future of both fiat and crypto especially the Bitcoin which are great though the value of Bitcoin is more than that of fiat but we are observing the existence of both fiat and Bitcoin in many countries especially in European countries. Fiat help us out which is not hidden from us while the Bitcoin has shown its greatness in this short time.
For now i see crypto and fiat go together as technology also improves, but later on in future (though i don’t know how many years) I think it will only be digital currency no more fiat. Cryptocurrencies not bitcoin only.
I think the future would be stable prices which are not influenced too greatly by external factors (news etc.). Maybe something like gold prices which move over the long term to combat inflation yet be a safe source to store money.
I think the government has been preparing for this to happen knowing that cryptocurrency is already inevitable in the market.Fiat currency is still in demand today by majority since only few of the countries have legalized the use of bitcoin.
When Bitcoin and the cryptocurrency market decline, people can say anything about it without thinking. I believe that this market will grow strongly and not stop here, investors should have their own judgment to have the most appropriate investment direction.The future will catch up with fiat currency when people will appreciate digital currency such as bitcoin more than the fiat currency we have around. I believe digital currency and fiat currency can coexist in any economy in the world.
In the next decade digital currencies are increasingly being used for transactions and investments. However, replacing fiat money is clearly not possible, because for digital currency applications, fast and stable internet technology is needed. Until now not all countries have that technology. As an alternative, bitcoin payments provide added value that benefits all parties because it is faster and cheaper. I think the government has been preparing for this to happen knowing that cryptocurrency is already inevitable in the market.Fiat currency is still in demand today by majority since only few of the countries have legalized the use of bitcoin.
When Bitcoin and the cryptocurrency market decline, people can say anything about it without thinking. I believe that this market will grow strongly and not stop here, investors should have their own judgment to have the most appropriate investment direction. Jump to: