Can cryptocurrency make real money disappear? - page 19.

Bacotan Bae

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Quote from: Trela on February 10, 2018, 02:32:22 PM

Quote from: emberbekas on February 08, 2018, 01:56:53 PM

Quote from: eleonor on February 08, 2018, 01:42:23 PM

Quote from: hardhouseinc on February 08, 2018, 01:30:09 PM

Living without cash could be something very useful for us. Imagine traveling everywhere you want with the unique crypto coin, bitcoin. It would be awesome

Yeah in some scenario using cryptocurrency in daily living is cool but if we are going to use certain alts or btc that requires transaction fee on every move that would not be practical I think. Imagine buying a 0.50$ candy and you need to pay the 4$ trasaction fee..lol

Indeed, we can not use cryptocurrency on every items we want. And due to the transaction fees and the confirmation time that sometimes takes too long, crypto will not make real money disappear.

Do you mean instant payment with cryptocurrency? Do you know Ripple? It is one of coin can provide the fastest service for global transfer money in cryptocurrency at the moment. I do not know the future, but I predict the government will need to use the technology from this currency to build a new blockchain coin if they want.

Although the use of digital money and crypto continue to increase but I'm sure many things that can not be done when the transaction, as we know that crypto transactions are very internet dependent so without the internet certainly can not transact, so the presence of bitcoin or crypto will not make real money disappear.

Xenoph0bia

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Quote from: Trela on February 10, 2018, 02:32:22 PM

Quote from: emberbekas on February 08, 2018, 01:56:53 PM

Quote from: eleonor on February 08, 2018, 01:42:23 PM

Quote from: hardhouseinc on February 08, 2018, 01:30:09 PM

Living without cash could be something very useful for us. Imagine traveling everywhere you want with the unique crypto coin, bitcoin. It would be awesome

Yeah in some scenario using cryptocurrency in daily living is cool but if we are going to use certain alts or btc that requires transaction fee on every move that would not be practical I think. Imagine buying a 0.50$ candy and you need to pay the 4$ trasaction fee..lol

Indeed, we can not use cryptocurrency on every items we want. And due to the transaction fees and the confirmation time that sometimes takes too long, crypto will not make real money disappear.

Do you mean instant payment with cryptocurrency? Do you know Ripple? It is one of coin can provide the fastest service for global transfer money in cryptocurrency at the moment. I do not know the future, but I predict the government will need to use the technology from this currency to build a new blockchain coin if they want.

No cryptocurrencies cannot make real money disappear. The real money or physical money is being used by all the people of the world.On the other hand cryptocurrencies are being used only by a small percentage of people.They need internet connection which is not possible at every place.Real money can be used by anyone and anywhere.It does not need any knowledge about how to operate it.Many people still do not know about the cryptocurrencies and they depend only on the real money for their day to day transactions.The cryptocurrencies are not even legalised in many nations and they are banned in some countries.They are also decentralized so the government or the central bank prefers real money over the cryptocurrencies.

coingrowth

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real money will do the transaction in digital format because of bitcoin

Trela

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The Decentralized TCP/IP Internet Protocol

Quote from: emberbekas on February 08, 2018, 01:56:53 PM

Quote from: eleonor on February 08, 2018, 01:42:23 PM

Quote from: hardhouseinc on February 08, 2018, 01:30:09 PM

Living without cash could be something very useful for us. Imagine traveling everywhere you want with the unique crypto coin, bitcoin. It would be awesome

Yeah in some scenario using cryptocurrency in daily living is cool but if we are going to use certain alts or btc that requires transaction fee on every move that would not be practical I think. Imagine buying a 0.50$ candy and you need to pay the 4$ trasaction fee..lol

Indeed, we can not use cryptocurrency on every items we want. And due to the transaction fees and the confirmation time that sometimes takes too long, crypto will not make real money disappear.

Do you mean instant payment with cryptocurrency? Do you know Ripple? It is one of coin can provide the fastest service for global transfer money in cryptocurrency at the moment. I do not know the future, but I predict the government will need to use the technology from this currency to build a new blockchain coin if they want.

emberbekas

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Activity: 1904

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Quote from: eleonor on February 08, 2018, 01:42:23 PM

Quote from: hardhouseinc on February 08, 2018, 01:30:09 PM

Living without cash could be something very useful for us. Imagine traveling everywhere you want with the unique crypto coin, bitcoin. It would be awesome

Yeah in some scenario using cryptocurrency in daily living is cool but if we are going to use certain alts or btc that requires transaction fee on every move that would not be practical I think. Imagine buying a 0.50$ candy and you need to pay the 4$ trasaction fee..lol

Indeed, we can not use cryptocurrency on every items we want. And due to the transaction fees and the confirmation time that sometimes takes too long, crypto will not make real money disappear.

tanjiran

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Quote from: hardhouseinc on February 08, 2018, 01:30:09 PM

Living without cash could be something very useful for us. Imagine traveling everywhere you want with the unique crypto coin, bitcoin. It would be awesome

Then, what if there is no internet network? What if when you travel and there is no access to that technology? Although fun to use cryptocurrency, but I think cash money will still exist and effective use. That is why I am sure that cryptocurrency and cash money will complement each other, nothing to replace.

eleonor

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Quote from: hardhouseinc on February 08, 2018, 01:30:09 PM

Living without cash could be something very useful for us. Imagine traveling everywhere you want with the unique crypto coin, bitcoin. It would be awesome

Yeah in some scenario using cryptocurrency in daily living is cool but if we are going to use certain alts or btc that requires transaction fee on every move that would not be practical I think. Imagine buying a 0.50$ candy and you need to pay the 4$ trasaction fee..lol

hardhouseinc

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Most Advanced Crypto Exchange on the Blockchain

Living without cash could be something very useful for us. Imagine traveling everywhere you want with the unique crypto coin, bitcoin. It would be awesome

siddu67

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I do not think so that cryptocurrency can make real money disappear.Because real money is acceptable to all over the world.It is also approved by governments all over the world.On the contrary all kinds of cryptocurrency is not acceptable to all over the world.And it is illegal in some countries too.

thesmallgod

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that is not possible. no matter how acceptable bitcoin is, the paper note cannot disappear. even ecurrency such as paypal which is generally more acceptable than bitcoin has not really affected the circulation of paper notes

qwerty12

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I would argue not, not in the near future cryptoecurrency replace the conventional currency.
what may happen is blockchain will be used for interbank transactions using conventional currency. whereas, cryptocurrency will only function like a transaction token. and in the end there are only a few cryptocurrencies that will survive.

jzone23

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If in the future all countries/government of any form can managed to live in fully digitalized environment where all people can afford education, electricity is available in all area and internet is available for connection anytime then YES cryptocurrency can make fiat disappear. But look at the current status of most countries would the environment I mention possible to exist soon? I don't think so because many countries is having hard time to provide all their people a good flife in terms of financial aspect and even rich countries has people who skip a day without meal.

MoneyCrafter

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Crypto is an electronic currency and is not considered by banks as money so it cannot replace fiat or make it disappear.

s2sallbygrace

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Quote from: isabella01 on June 13, 2017, 03:38:16 AM

What are the chances of living in a world with no actual money ? Shocked

there's a low chances of living without fiat money. Fiat money is what we use on our everyday expenses, we use it every now and then so it is very impossible to make it disappear and replace by cryptocurrency. Even if it take more than a year or 10 years, fiat money will still be the only paper money people will use. Yes, we're living in a digital world where cryptocurrency or digital money already exist but there are still people who can't afford to have cryptocurrency and doesn't know what cryptocurrency is. That is why physical money is very important to all of us.

greenpath

newbie

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Very interesting future isn't it.?
People in the world manage actual money by saving, expenses, bills, healthcare and more. The budget system of the people are master by actual money. Very interesting future that it will come no actual money at all. The adjustment will be in the door.

Vektrum

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Activity: 420

Merit: 14

The current situation almost gives an answer to this question. If we imagine the situation that in a number of countries now there would be no cash and they would switch to bitcoin. What would be the economy of these countries at such a jump in prices for bitcoin up to 20,000 dollars and down to 6,000 dollars. But this is, apparently, not yet a price bottom. Probably, no economy could not stand it and all would quickly go over to paper money again. Probably, Sweden and Denmark, who planned to switch from paper money to bitcoin, are likely to give up such an unnecessary step.

peterpeterpeter

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Activity: 167

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I don't think so.
Fiat money is back up by the government and uses all over the world it is recognized by all the people alongwith their daily routine.
So it is imposible to disappear such exclusively .

mware

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I don't think that cryptocurrency can replace real money, for physical currencies are controlled by monetary policy, it maybe lesser in value more but it will always circulate and still be used by all.

vincentallstar

member

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Can cryptocurrency make real money disappear? it's a big NO my friend, It will never happen anymore because real money or fiat is a very big role to do to our country, and to our life.
Cryptocurrency makes our life easy and simple, but there is no chance to replace or to disappear our real money. that's my opinion.

jackchun

sr. member

Activity: 332

Merit: 250

I think real money and cryptocurrency will coexist together in many countries in the future while government invent its own real money and cryptocurrency

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