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?
It will not happen because it is impossible. Fiat money will never disappear because of the cryptocurrency. Many people will still use fiat money than cryptocurrency because it is easy to use than digital money.
Topic: Can cryptocurrencies make physical money disappear? - page 7. (Read 1290 times)
I dont think it can make Cash money disapear. There are to many places on earth where the people dont have modern devies and internet. Also in modern country like in the USA there are a lot of people and places who dont use modern multimedia devices. And there are a lot of people who doesnt trust Cryptocurrencies and still want to be totaly anonym in spending cash when they buying stuff.
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.
I agree. Good points. I think better than phasing out paper money, I see bitcoin as working or inter-playing with paper money in the global market system. That is more possible because fiat has become such an established aspect of the trade and market system. Many people is still more comfortable with using money because it's backed by the government, and to the masses, it is more reliable and safer to deal with.
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?
It will not happen because it is impossible. Fiat money will never disappear because of the cryptocurrency. Many people will still use fiat money than cryptocurrency because it is easy to use than digital 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?
Well in my opinion, there is a chance that this will happen in the future.
But for me, i really against this chance. Cryptocurrency really depends on a computation and a network power. People need a basic thing for that such as smartphone and internet, to use the bitcoin, but not all people in this world have that basic things.
So the better option in my opiniom is for these 2 currency, fiat and crypto, to get along well in the world.
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?
Well in my opinion, there is a chance that this will happen in the future.
But for me, i really against this chance. Cryptocurrency really depends on a computation and a network power. People need a basic thing for that such as smartphone and internet, to use the bitcoin, but not all people in this world have that basic things.
So the better option in my opiniom is for these 2 currency, fiat and crypto, to get along well in the world.
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?
It could happen crypto money eliminates physical money but not now, physical money for now is needed for offline transactions or small traders. I think it takes a very long time to shift the physical money.
Nope, people will keep using physical money even cryoticurrencies become popular someday. Some people who don't know about technology will keep using physical money. Why cryptocurrency make physical money disappear though ? both can go along together.
No. Fiat money will still be the recognized money and can not be replace by any type of cryptocurency.
Bitcoin has a volatile in value which is not good to the economy.
Bitcoin has a volatile in value which is not good to the economy.
I don't think cryptocurrency can make physical money disappear because most people only know physical money than cryptocurrency and they prefer to have money. but if there is any chaos in everywhere and makes people don't believe with the government and fiat has a big inflation in every country, then it might give a chance for cryptocurrency to be a new solution for people and they can start to use cryptocurrency as a new money currency.
No. Fiat money will still be the recognized money and can not be replace by any type of cryptocurency.
Bitcoin has a volatile in value which is not good to the economy.
Bitcoin has a volatile in value which is not good to the economy.
There's a very low possiblity. First, fiat money is widely known and used as a currency while bitcoin is still making its own to be accepted by all establishment/companies. Second,bitcoin is decentralized and can't be controlled by government that's why government will not allow it to takeover fiat money that they control. And lastly, it would be hard to transact using cryptocurrencies in countries/places without internet connection.
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 exactly in the near future. For the present the society is not ready for a full transition to electronic currency. And there, maybe in 50 years, physical money may disappear 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?
Perhaps in the future. There's a possibility but for now I don't think cryptocurrency can replace physical money. But I don't see any problem having both digital and fiat money on us, besides it only give us options which one we are preferable to used in a certain transaction.
There is a big possibility that it might happen in future. It is more convenient to us, but they need to focus on the loopholes before it happen. They need to intensify the security since this is the main issue in digital world and access availability. For now we are satisfied that we have online banking, credit/debit cards, etc.
Do you really understand what you are saying here? What loopholes are you talking about btw? Security? What about it? bitcoin and crypto's are very secure because of the underlying technologies. If you are talking about hacks, its not bitcoin's fault, its those users that don't secure that wallets. We are our own banks if you have bitcoins so its really our responsibility to protect it. I don't know how are satisfied with banks. Its credit my dear, meaning you own them something. That's one way a banks that really put you in debt. But as for cyptos replacing fiat, we can be in a cashless society, but I don't think that we can totally eliminate fiat money. No government will simply allow that to happened. IMHO. It's already a established fact that governments around the world needed fiat in order to survived. Is the only leverage that a nation is holding that keeps its very existence.
Definitely not. It will not replace the fiat, when it comes to money it is impossible. It is unfair for the others as well who does not know about bitcoins or the ones who does not know about technology. The unstable of it cannot be a world currency it is limited by some point the value can be go down.
Bitcoin is still volatile and decentralized, even if it was changed or improved, bitcoin will never replace fiat. Bitcoin will stay a digital currency that can only be used as a investment currency in the future.
It's decentralized and it will stay like this. Otherwis, it's not meaningful for us. It doesn't have to be a payment coin. Bitcoin won't replace physical money.
There is a big possibility that it might happen in future. It is more convenient to us, but they need to focus on the loopholes before it happen. They need to intensify the security since this is the main issue in digital world and access availability. For now we are satisfied that we have online banking, credit/debit cards, etc.
Do you really think that every government will switch over to crypto currency as their national currency,i highly doubt that is going to happen and if that happens,it is a scary thought because you do not have any privacy what so ever as everything will be monitored . 
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?
Yes they can but only when they get support of our governments. Our authorities still look upon cryptos with suspicious eyes. Its obvious as these aim at taking off control from the govt. But if they support cryptos then we can surely think of such a society where people live on crypto spend crypto and earn crypto but there won't ever be one single cryptocurrency over the world. 
Right now we have Fiat money that we use, in a long term plan Cryptocurrencies will`surpass other currencies.. as we all know that technology is exist and won't go away that easily
Bitcoin will stay a digital currency that can only be used as a investment currency in the future.
That's not a problem at all. I personally barely used any physical money in the last few years. If I think back and try to remember when the last time was that I had physical money in my hands, it's probably six or seven months ago, and that was because my barber was only accepting cash. Now I can pay there with my bank card or my smartphone, I probably won't have to make use of cash anymore. In other words, Bitcoin doesn't need to suffer at all. If I have to believe a report containing data from more than thousand brick and mortar stores, digital payments make up 75% of the sales there, which indicates a massive decline in cash money usage. I am sure that after ten or so years, it will be 90% digital payments and 10% cash money.
There is a big possibility that it might happen in future. It is more convenient to us, but they need to focus on the loopholes before it happen. They need to intensify the security since this is the main issue in digital world and access availability. For now we are satisfied that we have online banking, credit/debit cards, etc.
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