Topic: Can cryptocurrencies make physical money disappear? - page 13. (Read 1260 times)
Cryptocurrency and physical money are different things, I am sure that whatever happens with cryptocurrency will not make money disappear physically, this is because the state fully protects the physical money so that users are not in doubt with physical money.
There is a big possibilities that cryptocurrency can replace physical one day i think
because cryptocurrency is easy to pay and fast
because cryptocurrency is easy to pay and fast
Well the possibility is certainly there but not anytime soon.
There are still places withoit even the basic internet connection.
There is a huge number of people who do not know about digital or cryptocurrency.
There arent still any proper acceptence of the cryptocurrency by governments all over the world.
This leads to the coclusion that still the regulation and regularization of digital currency will take allot of time to come into effect. Paper money is not going anywhere anytime soon. A huge number of population relys on paper money only. Yes digital currency will create comfort and added security but this will take many decades to functionally come into effect.
There are still places withoit even the basic internet connection.
There is a huge number of people who do not know about digital or cryptocurrency.
There arent still any proper acceptence of the cryptocurrency by governments all over the world.
This leads to the coclusion that still the regulation and regularization of digital currency will take allot of time to come into effect. Paper money is not going anywhere anytime soon. A huge number of population relys on paper money only. Yes digital currency will create comfort and added security but this will take many decades to functionally come into effect.
it cant be happend. a lot of people dont know about bitcoin, and they still use regular money until now. if it change to cryptocurrencies, they will not use it (crypto) and maybe be poorman. except is there much of people who know about bitcoin and share the knowledge about bitcoin to them. and the problem, who want do that?
Yes that is not going to be so easy i think. Fiat currency is the need of the day and all round the world people still using fiat currency, while very few people may be using bitcoin or any other altcoin as optional. In fact still majority of people do not know about bitcoin and those people who know about it they do not have the opportunity to use bitcoin for purchasing everything. Therefore i think fiat currency will survive for a long long time.
You need to ask those who sell cryptrocurrencies for physical money what they will do with it? If they shredder it then cryptocurrencies could lead to a disappearance of the physical money one day. But if they use it to pay things or services and the total amount will not get reduced, they will surely not lead to a disappearance of the real money.
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?
Never ever for this thing to happen because as long theres a government they wont really such thing for local fiat to be gone and being replaced by a decentralized things. They dont really like to engage into those things which cant really be controlled knowing government they do really like to control everything and rather than on accepting or letting it dominates they would for sure do things that will block those things because they know its a threat. 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 think this is now possibble because of the to much fluctuation of price which are really the problem of the volatile market of all the cryptocurrency in the coin marketcap. 
it cant be happend. a lot of people dont know about bitcoin, and they still use regular money until now. if it change to cryptocurrencies, they will not use it (crypto) and maybe be poorman. except is there much of people who know about bitcoin and share the knowledge about bitcoin to them. and the problem, who want do that?
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?
If you are talking about any other crypto so I think it’s not possible for them but if you are talking about bitcoin so I think yea its possible for bitcoin as we know that bitcoin replaced a lot of crypto from market and it also reduces unemployment in many countries so there is no doubt that bitcoin can replace paper money from market but it will take some time because it’s a very big challenge to bitcoin but its possible for bitcoin to do it.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?
If you are talking about any other crypto so I think it’s not possible for them but if you are talking about bitcoin so I think yea its possible for bitcoin as we know that bitcoin replaced a lot of crypto from market and it also reduces unemployment in many countries so there is no doubt that bitcoin can replace paper money from market but it will take some time because it’s a very big challenge to bitcoin but its possible for bitcoin to do it. 
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?
There is very less possibility of this happening in the first place. Because, 1) We are already using the current physical money in the form of digital linking, using credit/debit cards, Internet banking, Mobile Banking etc. So you see we have already achieved some great milestone in the traditional financial system.
2) Also, There is no use of the crypto currency in real world because it is not much stable as compared to the fiat currencies. The stability is really important for the day to day life use. So these are valid reasons for which I don't think that crypto's will replace the fait so soon.
True that, plus majority of the people worldwide are still not familiar about how cryptocurrency works
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?
There is very less possibility of this happening in the first place. Because, 1) We are already using the current physical money in the form of digital linking, using credit/debit cards, Internet banking, Mobile Banking etc. So you see we have already achieved some great milestone in the traditional financial system.
2) Also, There is no use of the crypto currency in real world because it is not much stable as compared to the fiat currencies. The stability is really important for the day to day life use. So these are valid reasons for which I don't think that crypto's will replace the fait so soon.
True that, plus majority of the people worldwide are still not familiar about how cryptocurrency works
On a distant future, yes, I think so. When technology reaches everywhere and financial system becomes unstable and weak. When this day comes, if you want to buy acandy you will have to buy with Crypto-Currency (I don't know which one), everything will be bought with Crypto-Currency. Maybe only some primitive guys will want to live like on the old times (like now), using a kind of physical currency that only they will want to use and in small communities.
Or some people will use some items to make the trades to have the products they need to survive, no money needed, like a long time ago.
Or some people will use some items to make the trades to have the products they need to survive, no money needed, like a long time ago.
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?
Of course no, because we all know that cryptocurrency today isn't that threat to physical money. Bitcoin or the cryptocurrency are actually serves as a support in order for the people to earn some money and serve as their income eventhough they do not have any jobs. So I think bitcoin and physical money is helping each other.
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?
No, I don't think that this is possible in any circumstance as there are still many countries in the world that don't have even basic internet facilities in them so they can't adapt to the use of cryptocurrencies. 
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?
There is very less possibility of this happening in the first place. Because, 1) We are already using the current physical money in the form of digital linking, using credit/debit cards, Internet banking, Mobile Banking etc. So you see we have already achieved some great milestone in the traditional financial system.
2) Also, There is no use of the crypto currency in real world because it is not much stable as compared to the fiat currencies. The stability is really important for the day to day life use. So these are valid reasons for which I don't think that crypto's will replace the fait so soon.
but i think cryptocurrency can take it pplace in financial system
maybe as global currency
so i think fiat is use in daily trading in a country, but when it come to international exchange we can use cryptocurrency
or maybe just like euro that replace regional fiat money
Crypto currencies can make physical money disapprear only if governments will start adopting it and will issue leaglization of this cureencies in their market and looking how bitcoin stays in our society its quite possible for now to happen because theres a lot of hindrance that bitcoin needs to overcome. But I'm positive to the idea of living in a paperless economy I just hope cryptos especially bitcoin can sustain the market demands
completely agree, it all depends on the government, if it reacts positively, then it is possible to deposit the cryptocurrency into part of the official currency, but I don't think that the physical money will go away completely
Actually, it's very possible: we'll have our qr code tattooed somewhere, and we'll pay just with a scan.
Future will be interesting :-)
Future will be interesting :-)
Possible only if cryptocurrencies get itself a physical shape that we can use in the real world and Reliability.
This is not going to happen and physical money is not going to disappear even this community is going to be very strong in future because this cryptocurrency need too much work for this and need too many real and good projects
Anything is possible as long as community supports it, infrastructure becomes stronger and tighten up security. Physical money may disappear not now but in the near future. All successful projects before it becomes reality takes years of development.
Jump to: