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Topic: Can cryptocurrency make real money disappear? - page 15. (Read 28844 times)
I think this is not feasible in the near future. cryptocurrency is always a decentralized source, even if there is a full exploitation of the coin. Does it have enough to provide the community to replace fiat. In addition, cryptocurrency always has certain conflicts and definitions with the government. This is contradictory and can not be replaced fiat.
It will not happen, fiat never be disappear simply because popularity of cryptocurrency. Precisely presence of crypto in daily life will further facilitate financial transactions. And isn't crypto not all countries accept its existence.
especially crypto currency is only used as an asset, not a currency for transactions whose technology is only used in the digital world but not in the real world. just imagine if the internet is not active, is that happens everybody in this world can not transact within a certain time and thats not flexibel for this era
50 years ago they said that the TV will never become obsolete. There was Internet and TV is not enough for anyone.
It will not happen, fiat never be disappear simply because popularity of cryptocurrency. Precisely presence of crypto in daily life will further facilitate financial transactions. And isn't crypto not all countries accept its existence.
What are the chances of living in a world with no actual money ? 
No, my friend, it will not happen ever. Bitcoins and other alternative cryptocurrency are great for many things, but we must admit that fiat money is more convenient in most cases, especially when you do not have an access to the Internet.
This depends on government policy, as long as the government can control the economy then the government will maintain the bank and this can certainly guarantee that the bank will continue to survive.
I do not think that she will disappear just like that. As long as there is a turnover and people participate in it and at once more and more, only the higher authorities can change the situation, but not the people.
Their is a big possibility that crytocurrency can disappear or eliminate the real money. But that can be done by many years because mostly people now is using real money. But for me this is a best. Because we are now in a new era if this scenario will happen it will be great.
There are lot of things that must be consider before cryptocurrency replace the fiat currency as for the medium of exchange in the real world .Furthermore,cryptocurrency could'nt fill the gaps and hole in which fiat currency left out such as it's accessibility for those indigineous people or let's say people who's technologically challenge and does'nt even have a knowledge about cryptocurrency.Also if real money disappear,what will happen to those people? specially if they do not have any capabilities to understand such thing.
As a result of competitive displacement of legitimate currencies by crypto-currencies, the state will lose its sovereign right (monopoly) for money issue. States and governments I think this will not go.
Expansion of the money supply due to the crypto currency, if they become widespread, can lead to unpredictable consequences in the money market. And they will become widespread, because they have a competitive priority over (official) money.
However, the risks of using bitcoin as the main asset far outweigh its potential benefits
However, the risks of using bitcoin as the main asset far outweigh its potential benefits
What are the chances of living in a world with no actual money ?
If all other countries trusted and accepted already crypto currencies, which made the fiat disappeared or vanished. However, before it happened it will take a long time and long process. I know that this is not a simple thing to do because currently, banning of bitcoins happened in other countries because they said that it can be used for crimes, it will ruin the economy of certain countries and etc. I know that most of them are just afraid but we have to accept their decisions.
What are the chances of living in a world with no actual money ?
No, my friend, it will not happen ever. Bitcoins and other alternative cryptocurrency are great for many things, but we must admit that fiat money is more convenient in most cases, especially when you do not have an access to the Internet.
It is not. Money will still be used in conventional cryptocurrency been legalised although State. Cryptocurrency is simply a conventional money supporting
Yes but things might change, and countries might decide to use crypto currency instead of money, so never say never.
Developing technology and internet deployments exist every day that will be needed again to use paper, it's all happening virtually, like credit cards for example, who thinks we've used a magnetic card just for the bill payment for the goods or services? Nobody.
It is not. Money will still be used in conventional cryptocurrency been legalised although State. Cryptocurrency is simply a conventional money supporting
Short term (3-5 years) I see crypto working hand in hand with fiat. It would be great for crypto to take over the transfer of money between parties (payments for coffee, sending to friends, bill payments, etc.). Can't wait for VISA and MasterCard to suck it
What are the chances of living in a world with no actual money ?
If only all other countries around the world is as advanced as Japan and as progressive as the USA then chances are great. But sadly, a lot of these countries belong to the third world category. Poor people have a hard time accessing the internet thus chances are very much slim. What are the chances of living in a world with no actual money ?
For now, there is no chances, cryptcurrency is a decentralized currency and some government ban it, also government always backs fiat money and so as long as government are with cash, cash will not disappear. Jump to: