Can Bitcoin and FIAT co-exist? What will be the advantages then? - page 2.

ramesh770

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Quote from: Kelvinid on October 20, 2018, 06:53:42 PM

Quote from: creeps on October 20, 2018, 04:36:28 PM

Quote from: yaphetSGG on October 17, 2018, 01:44:51 PM

FIAT money is our daily currency which has been existing here for hundreds of years, when crypto currencies like Bitcoin is squeezing their way up to become a world currency and sort. Can they co-exist? If so then what benefits we can get from them, altogether? Not separately.

I think its happening now, we enjoy fiat money and cryptocurrency at the same time and if you see the result right now, we have so much options to transact around the world. Fiat money will stay, it will not die so both of this currency will co-exist and it will help us to live in a better way.

Cryptocurrency attracts many investors because of its technology, and if people continue to support this one soon we will witness a great financial system than can beat banking system, well this is purpose of a decentralized market at all.

Yes.Cryptocurrency is really making its own trademark in the financial system nowdays but we cannot also ignore that fiat currency is still here and cannot be replace as easy as that.I believe that these two will create good advantages if they will co-exist together just like what is starting to happen now.

I think both will be exist and work same as both have their own fundamentals of work. Banking system needed to run some tasks which bitcoin cannot do.

Kelvinid

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win lambo...

Quote from: creeps on October 20, 2018, 04:36:28 PM

Quote from: yaphetSGG on October 17, 2018, 01:44:51 PM

FIAT money is our daily currency which has been existing here for hundreds of years, when crypto currencies like Bitcoin is squeezing their way up to become a world currency and sort. Can they co-exist? If so then what benefits we can get from them, altogether? Not separately.

I think its happening now, we enjoy fiat money and cryptocurrency at the same time and if you see the result right now, we have so much options to transact around the world. Fiat money will stay, it will not die so both of this currency will co-exist and it will help us to live in a better way.

Cryptocurrency attracts many investors because of its technology, and if people continue to support this one soon we will witness a great financial system than can beat banking system, well this is purpose of a decentralized market at all.

Yes.Cryptocurrency is really making its own trademark in the financial system nowdays but we cannot also ignore that fiat currency is still here and cannot be replace as easy as that.I believe that these two will create good advantages if they will co-exist together just like what is starting to happen now.

Ziskinberg

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Quote from: Rozita on October 20, 2018, 04:15:11 PM

Quote from: BusyShows on October 20, 2018, 11:35:25 AM

Co-existence of fiat currency and bitcoin can have many advantages and many are thinking this is the future for cryptocurrency rather than taking over fiat. Online or digital transactions can be covered by bitcoin and physical exchanges can be done by fiat.

I agree that fiat currency will exist. But I don't think paying for things using something physical is an advantage. Cash is used less day by day.

For me,there's nothing wrong having both of them as legal currencies.People will have more freedom to choose what options they will take,either with fiat or with cryptocurrency bitcoin.I think this will create a more stable economical level as this two are already working hand in hand than competing with each other.

louie69

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Definitely, fiat and cryptocurrency should co-exist as cryptocurrency is not yet a universal currency that can be used globally. In the current situation, we need fiat currency as this is what we are using to spend for the basic commodities and other payment transactions. The advantages of having bitcoin is the investment you had made where it could give sufficient return of investment once it undergo a bullish market and have it exchange into fiat money to be use in purchasing goods that require fiat currency only.

creeps

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Quote from: yaphetSGG on October 17, 2018, 01:44:51 PM

FIAT money is our daily currency which has been existing here for hundreds of years, when crypto currencies like Bitcoin is squeezing their way up to become a world currency and sort. Can they co-exist? If so then what benefits we can get from them, altogether? Not separately.

I think its happening now, we enjoy fiat money and cryptocurrency at the same time and if you see the result right now, we have so much options to transact around the world. Fiat money will stay, it will not die so both of this currency will co-exist and it will help us to live in a better way.

Cryptocurrency attracts many investors because of its technology, and if people continue to support this one soon we will witness a great financial system than can beat banking system, well this is purpose of a decentralized market at all.

Rozita

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Quote from: BusyShows on October 20, 2018, 11:35:25 AM

Co-existence of fiat currency and bitcoin can have many advantages and many are thinking this is the future for cryptocurrency rather than taking over fiat. Online or digital transactions can be covered by bitcoin and physical exchanges can be done by fiat.

I agree that fiat currency will exist. But I don't think paying for things using something physical is an advantage. Cash is used less day by day.

Araewien

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The future is definitely co-existence of Bitcoin and Fiat. Already it is happening and the growth is astonishing. People will have different payment system which will make life easier.

Jeroiswen

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A future without fiat currency is simply unlikely to happen as governments will strongly oppose this. This leaves the only option: coexistence. And the way I see it, it is very much happening in near future. Bitcoin will be matured once the mining ia done, and will reach a very high stable price. Bitcoin is a complement of crypto currency, it has come up with everything fiat couldn't do.

BusyShows

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Co-existence of fiat currency and bitcoin can have many advantages and many are thinking this is the future for cryptocurrency rather than taking over fiat. Online or digital transactions can be covered by bitcoin and physical exchanges can be done by fiat.

AccidentalTuber

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The future is definitely co-existence of Bitcoin and Fiat. Already it is happening and the growth is astonishing. People will have different payment system which will make life easier.

Mandevil

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Quote from: daarul50 on October 19, 2018, 09:12:17 PM

Quote from: yaphetSGG on October 17, 2018, 01:44:51 PM

FIAT money is our daily currency which has been existing here for hundreds of years, when crypto currencies like Bitcoin is squeezing their way up to become a world currency and sort. Can they co-exist? If so then what benefits we can get from them, altogether? Not separately.

It is possible for bitcoin and FIAT side by side because nowadays everything has been digitalized so that FIAT in the future will probably be digital and people don't need to carry a wallet to store FIAT currency.

I think that this is not even a dream, but soon future. each country has its own crypto - just like a common crypto.

Mandevil

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all governments - as in other matters and individual banks - will not just give up their positions. but if one imagines such a thing - that fiat has gorged in the past, people are less hostile, only crypto remains - the world will probably be much more comfortable.

Mandevil

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whether or not it is a matter of time - now and a lot of time will be like this, there is a Fiat - and there will be a long time about the complete replacement in crypto - this is a question not even decades, and possibly centuries.

Minhxx

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When you use bitcoin in large transactions it will be convenient. With small transactions it will be inconvenient for you and I follow my fiat transactions more conveniently for their country, most of the time. People still do not believe in bitcoin completely

kotajikikox

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Eventually since bitcoin exist as first digital currency and adopt country's and people in their lives need to buy use fiat usd to buy bitcoin, that's good sign tie up with bitcoin or cryptocurrency as currency to use daily lives of all people are strongly perfect combination for faster transaction.

We need to understand well they can't ignore fiat to exist as currency.

daarul50

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Quote from: yaphetSGG on October 17, 2018, 01:44:51 PM

FIAT money is our daily currency which has been existing here for hundreds of years, when crypto currencies like Bitcoin is squeezing their way up to become a world currency and sort. Can they co-exist? If so then what benefits we can get from them, altogether? Not separately.

It is possible for bitcoin and FIAT side by side because nowadays everything has been digitalized so that FIAT in the future will probably be digital and people don't need to carry a wallet to store FIAT currency.

h0lybyte

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Quote from: yaphetSGG on October 17, 2018, 01:44:51 PM

FIAT money is our daily currency which has been existing here for hundreds of years, when crypto currencies like Bitcoin is squeezing their way up to become a world currency and sort. Can they co-exist? If so then what benefits we can get from them, altogether? Not separately.

Of course bitcoin and fiat can co-exist and both will have separate means in real world economy.
Lets say bitcoin can be used in businesses to transact globally without limitations and with fiat we will count and give value to bitcoin in market. Without fiat we couldn't give value to any coin/asset in our daily life

michellee

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When we can convert from cryptocurrency to fiat, then I think it can use together because fiat accepts the existences of cryptocurrency although, in some country, the government doesn't make it a legal. But soon, after they realize about cryptocurrency and they decide to use cryptocurrency as a second currency for their country, then we can see bitcoin and fiat will be work together. The benefits of bitcoin and fiat are we can make money which many people want it, and I think people will try to search a new opportunity from cryptocurrency because cryptocurrency offers a new way to make money.

Impulseboy

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Are they not co-existing now? At least in some countries it does. To be honest, fiat currency and bitcoin can exist together because people need both (or one or the other). Not many people know about the existence of bitcoin or altcoins, and they use fiat currency for that matter. Even those who use bitcoins, we are still using fiat so that's one advantage: having an option.

redsap

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Harmony for One and All

well currency is something that people are daily using, i think if people wanting bitcoin to being an currency first we need to make bitcoin as a daily transaction before make it together with FIAT

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