Topic: Can cryptocurrencies make physical money disappear? - page 3. (Read 1290 times)
i dont think it is possible in near future. Because cryptocurrencies are still not enough practical for use in regular ways. network size and speed should improve more and fees also should be near zero
such a scenario is possible, but it will take a very long time. People still do not give up cash simply because they are used to them. It is not so easy to overstate the practice that was formed by generations
I think it will take long to make this happen cryptocurrencies able to replace fiat. You are right physical money is still very substantial in every person in the country. And a long time process for this statement a lot of factors to consider.
such a scenario is possible, but it will take a very long time. People still do not give up cash simply because they are used to them. It is not so easy to overstate the practice that was formed by generations
This is hard one to answer and to be with good perception on both crypto and physical money.
Off course both have good and bad sides and moment and if someday this could be real think that crypto will replace money or something that is similar to crypto.
Money is made from paper and many are now in green protection and try to protect and save as much as possible but this is one good solution only one problem how to implement this is daily bases that is not trade.
Off course both have good and bad sides and moment and if someday this could be real think that crypto will replace money or something that is similar to crypto.
Money is made from paper and many are now in green protection and try to protect and save as much as possible but this is one good solution only one problem how to implement this is daily bases that is not trade.
Can cryptocurrencies make physical money disappear? in my opinion it could be but for now the journey of the occurrence of cryptocurrency makes the physical money disappear is still far from eye sight because at the moment the pros cons of cryptocurrency continue to exist and leaning to cons and many other factors. then why sometime it can happen, because we as human beings will find a way to make life easier if this happens then there is ease in the currency sector such as not having to carry a lot of money (bag) just bring a card (cryptocurrency) and many things advantage or easiness of cryptocurrency.
Electronic money is just a new solution in recent years and it is close to a lot of time to prove its usefulness and convenience. Paper money and coins have existed for thousands of years and their existence has been documented and studied. One more thing not everyone has the means to store electronic money. There are still so many poor people in the world and they have no access to new technologies like us - who are participating in the forum.
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?
Not in the next 10-15 years for surePopularity of cryptocurrency specially bitcoin may go bigger and bigger,same as the users of this currencies are indeed..but we know that world wasn't fair because there will still a third or fourth world countries meaning even if the majority of the world adapted this community in their lives stil there will be late in the ride..and thats reality
In the future, this may happen, because the crypto-currencies are developing and their popularity and recognition, practically all over the world, is growing. It is not known how many years must pass, so that we increasingly use crypto-currencies as a means of payment, but I believe in 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?
Some banks are already threatens by the continuous rise of cryptocurrencies around the world and cashless transactions are also on uptrend. There are plans to expand the use of digital money to the far flung areas of every community by installing a modern technology. But physical money can't be wipe out easily because majority of the people will still be using it for many more years. Digital money need to have a mass adoption first before it can successfully eliminate the cash or physical 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?
As for me, I believe that it would be hard for cryptocurrencies to make physical money disappear because there are lots of people who don't know the use of crypto and that is the reason why people still use fiat instead of it. I think people still lack of education about it still and there are things that the government must do first upon rrplacing fiat.
People start to observe what's happenig because with bitcoin all we want is to get a better version of ourselves.
No it won't happen, and I wouldn't want every little thing I buy to be trackable on a blockchain either to be honest.
It might not happen at this time, but several generations from now, I'm sure that things will be even more digitized with the advancement of technology and all..
No it won't happen, and I wouldn't want every little thing I buy to be trackable on a blockchain either to be honest.
In the future it is possible, but today it is unlikely. Many still cautiously look at Kriptorynok, not fully realizing that this and how works. And there are countries where the state decides what its citizens will do. As long as humanity solves all these problems, then it will be possible to ask your question, but it is still too early.
it could be, but i don't think that it will occurrd in such a nick of time nor several years too. i hope many people going to accept and becoming an open minded person who accept this technology development.
I think no.. Because many countries and institutions are against in cryptocurrency they prefer to use physical money than a cryptocurrency, they have guidelines for investing in cryptocurrency. There's a little chance that physical money will dissolve by 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?
For the moment or the present generation I am not sure whether the physical money will be lost and completely replaced by digital money, because so many people around the world still rely on physical money, it may take a long time to make it happen, in future Generation it might be happen.
I dont think cryptocurrencies will replace our traditional currency in the future because physical money used morethan are age and not all country not accept bitcoin as a currency.
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 my own opinion, Physical money can't replaced. The number one reason for this is, how about the people who don't have phones, internet, bank accounts, ledgers, trezor and many more. They can't buy things for their everyday life and and also us, we need physical money in our life.
I can say that it's still a no. Crypto currency is only available in digital world not in real that not all of people can access it. Because even in the future not all of people have access to the internet.
Maybe just a large amount of usage in the future but it cannot replace what the real currency can offer.
Maybe just a large amount of usage in the future but it cannot replace what the real currency can offer.
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