Topic: Can cryptocurrencies make physical money disappear? - page 10. (Read 1300 times)
Simply not, maybe they can dominate but they can't make physical money disappear. Cryptocurrency is not back up by any government, no regulation from any financial institution, decentralized ( Good but can't be accepted as a national currency because of this).
I think cryptocurrency can replace money in the near future due to its great benefits to the users in the next few years, we are going to see national governments take large steps towards instituting a cashless society where people transact using centralized digital currencies. Simultaneously, the decentralized cryptocurrencies – that some even view as harder money – will see increased use from all sectors.BTC
As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
For now, it is not possible. I believe later on, this is something that we should expect anyway.The blockchain technology is already here to stay and sure, it would take a gradual process before physical money, especially fiats get wiped out, as they will all turn digital, but some of the old generations for now, will have to pass in this case before we see that happening.
As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
obviously of course could be because paper currency or can be called a currency that has physical value is not very efficient if in use for the future, we must develop a currency that is digital and does not need physical.
As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
I do not think crypto will make paper money disappear for a variety of reasons but I am confident that crypto will not do this. Paper money is always the global payment accepted by the world. 
Fiat money or physical money will not disappear. Cryptocurrency and physical money play different roles. Cryptocurrency facilitate P2P payments seamlessly but physical money ease across the counter. Physical money is more trusted by many as against cryptocurrency which is virtual.
of course not, it will only make some problems if the government tries to physically bully with bitcoin. well, a have their own currency. while bitcoin has become an investment tool and international currency on the internet. many problems occur if bitcoin tries to be a legal transaction tool in a country.
no,cryptocurrencies will not make the physical money disappear governments fromeach other countries will not allow it for sure...physicaly been used for how many centuries and it's has own value,physical money and cryptocurrencies has their own worth in the world economy.
As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
Nope. I think that bitcoin is somehow not so strong that can make or able to make physical money disappears. And we all know that bitcoin is money we used digitally so it means that bitcoin is somehow technology type of money and not like the physical money. So I think they will not even make disappear each other.
I think that the bitcoin use will be high in the market the circulation will be high as compared to the other currencies so from this the use of physical money will be slow in the future and the most bigger transaction will take place due to bitcoin and other crypto currency. So we can say that the crypto currency will affect the physical money but it is not true that the cryptos will disappear the physical money fully. The world with out physical money will not perform the daily operation easily and smoothly. For this we can say the the crypto money is very much important for us in the future.
As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
Actually not only cryptocurrency but digital money in general. I believe that there is a possibility that it will eliminate physical money in the future given that the continuous advancement of technology makes everything more accessible. However, we must consider all the possible problems that we may encounter regarding this changes.
As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
Its not easy to use crypto at the current time because its not legal so we cant use it everywhere and does not have wide use.Paper money on the other side is used from past and has build faith on people's mind so replacing it is not an easy task and is impossible at current because of its large advantages to masses and its legality.
As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
Its not easy to use crypto at the current time because its not legal so we cant use it everywhere and does not have wide use.Paper money on the other side is used from past and has build faith on people's mind so replacing it is not an easy task and is impossible at current because of its large advantages to masses and its legality.
Fiat or physical money will remain usable even digital currency will spread out the popularization all over the world because physical money is much needed for daily expenses that is one of disadvantage of decentralized currency, also not all people can used bitcoin due to main requirements like gadgets and internet connection which not all individuals can provide that.
No doubt now days cryptocurrencies especially Bitcoin are gaining a lot of popularity but I personally don't think that they will be able to make physical money disappear.This is because physical money still over power cryptocurrencies in many ways.It has a physical form and can be used directly in any store.It does not require any internet connection.People are using physical money from many years and they have a lot of trust on it and it is difficult for any cryptocurrency to gain that amount of trust .Moreover government is not able to control the transactions made through Bitcoin .So government will not allow any such currency over which they have no control to over power physical money.These are the reasons why I think that cryptocurrencies will not be able to make physical money disappear.
Physical money in our time maybe not totally disappear because the system is yet ready for digital currency the banking system, the govenment arround the world and the perception of the people of the physical money but because of digital world and the young generation are into it because of versatality of digital currency I think would be the treat of eradication of Fiat money because their perception will be different they will percieve things that is virtual rather than physical.I don't think so and is there really a need to do so? I mean what will we benefit if Fiat Currency does not exist anymore? When you look at it we are already living in a world were we can pay without using any cash anymore even before cryptocurrency existed payment methods such as Credit Cards and Paypal made is possible. Fiat currency is still there because all of the payment methods we are using are always based on Fiat Currency.
Never it will possible that physical money will disappear but yea its true that value of physical money will decrease as compare to now because world is developing very fast and electronic money is easy to used and also process is very fast while electronic money is more secure to physical money. so more people will want to use digital money as compare to physical money.
No doubt now days cryptocurrencies especially Bitcoin are gaining a lot of popularity but I personally don't think that they will be able to make physical money disappear.This is because physical money still over power cryptocurrencies in many ways.It has a physical form and can be used directly in any store.It does not require any internet connection.People are using physical money from many years and they have a lot of trust on it and it is difficult for any cryptocurrency to gain that amount of trust .Moreover government is not able to control the transactions made through Bitcoin .So government will not allow any such currency over which they have no control to over power physical money.These are the reasons why I think that cryptocurrencies will not be able to make physical money disappear.
I think that it's going to happen sometime, but not the cryptocurrencies are going to be those who killed the cash money.
Countries want to control the money, they want to have the ability to print cash anytime they want.
They want to have the ability to track citizens accounts, and bitcoin and other virtual currencies make it impossible.
I can guess that countries may try to invent their own cryptocurrency and it could destroy the physical cash.
Countries want to control the money, they want to have the ability to print cash anytime they want.
They want to have the ability to track citizens accounts, and bitcoin and other virtual currencies make it impossible.
I can guess that countries may try to invent their own cryptocurrency and it could destroy the physical cash.
I don't think so and is there really a need to do so? I mean what will we benefit if Fiat Currency does not exist anymore? When you look at it we are already living in a world were we can pay without using any cash anymore even before cryptocurrency existed payment methods such as Credit Cards and Paypal made is possible. Fiat currency is still there because all of the payment methods we are using are always based on Fiat Currency.
Never it will possible that physical money will disappear but yea its true that value of physical money will decrease as compare to now because world is developing very fast and electronic money is easy to used and also process is very fast while electronic money is more secure to physical money. so more people will want to use digital money as compare to physical money.
I don't think so and is there really a need to do so? I mean what will we benefit if Fiat Currency does not exist anymore? When you look at it we are already living in a world were we can pay without using any cash anymore even before cryptocurrency existed payment methods such as Credit Cards and Paypal made is possible. Fiat currency is still there because all of the payment methods we are using are always based on Fiat Currency.
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