Topic: Can cryptocurrency make real money disappear? - page 2. (Read 28844 times)
In my poin of view bitcoin can’t make Fiat currency disappear. Fiat currency is The main money which coming through over the years . Fiat currency is the most uses of all than bitcoin. If it will happen we need that all person have an internet and know bitcoin, but is so difficult because there is only few people know about Bitcoin
no, because they are important to enrich the government, not everyone knows the cryptomoedas
In my own opinion, I think this is impossible since FIAT Currency/ paper money has been used in such a very very long time and thus cannot be irreplaceable.
A lot of countries are still not even familiar with digital currency and online payments. Imagine going to a public market (in our country we have small-scale vendors) I'm not buying 1 kilos of tomatoes and still do the inconvenience on logging to my wallet to pay. Although, spending thru online has its pros - especially to those busy working people who are having a hard time to find a schedule and pay to a paying center. I still that majority of people cannot comprehend with this kind of upgrade.
A lot of countries are still not even familiar with digital currency and online payments. Imagine going to a public market (in our country we have small-scale vendors) I'm not buying 1 kilos of tomatoes and still do the inconvenience on logging to my wallet to pay. Although, spending thru online has its pros - especially to those busy working people who are having a hard time to find a schedule and pay to a paying center. I still that majority of people cannot comprehend with this kind of upgrade.
For me, it could be a no and could be a yes, too. Who knows right? Yes because, if all institutions, including markets, malls, hotels and even airport and all kind of businesses would get a higher technology to accept bitcoin as a mode of payment, then this can be possible. A no, too, because just thinking about a world without a paper money is absurd, it will surely destroy or can be dangerous to some institutions even though it will be a lot more convenient if there is no physical money.
Now that we are in a digital age generation,and day by day we wants to improve ourself, this question really is not an impossible thing to happen. As people are satisfied how transactions are getting more faster and convenient, I can say that real money or paper money can disappear soon.
well crypto is the real and is accepted globally, can mount a huge challenge of Fiat, but i don't think if it will make it disappear, Fiat will still exist even in the crypto era coz some people will always find it more convenient
The disappearance of paper money will take a long time. I think it will take 20 years. There are still many poor places that do not have modern infrastructure and improve the Internet. There is also education. If one day, paper money disappears. The life at that time was efficient and convenient. Imagine that after we go out we only need a mobile phone to do everything. It's cool!
I strongly believe someday it will, but not today or in the couple of years. A lot is needed to be done to make cryptocurrency expand and enter daily lives of people. I'm talking not only about some regulations or legal status, but also about all the industries and economy fields that should transform and adopt according changes.
And also, coins won't be the only means of payment until people are ready and willing to use it.
And also, coins won't be the only means of payment until people are ready and willing to use it.
I think and I hope that's impossible. It is utopian to believe that we can live in a world without a fiat, without materialized money. Poor countries can't afford to pay with their smartphone, with a card etc.... I think cryptocurrencies are an incredible revolution, but they must exist in parallel with our current monetary system.
What are the chances of living in a world with no actual money ? 
It depends on the maker of bitcoin or the real money, we will not know what will happen. I just personally can't see a time where the government allows a lawless and decentralized coin / cryptocurrency to take control over the currency which they have total control over within their country.
It might happen of course, if each government will have its own crypto currency instead of money. But it will be more strictly regulated.
What are the chances of living in a world with no actual money ?
It is very hard to say right now. Actual money is hard to replace becs. This this widely use with the rich and poor people. Many cannot access or even cannot pay an internet. Some are illiterate that they don't know to use it. Maybe someday with the yourger generations that they will learn how bitcoin works.
I'm sure not, as we know that real money will forever exist because it can be used directly, this is different from internet dependent bitcoins, all countries consider it if there is no internet, so maintaining real money is a better thing.
Only one question)What should you do if you have any electricity?How will you use bitcoin?)
No because I believe there still many people who will prefer to use our traditional money.
Patronizing and using Cryptocurrency has a higher risk than to our traditional money. Real money doesn't brings any kind of losses unlike crypto so they will still go for real money.
Patronizing and using Cryptocurrency has a higher risk than to our traditional money. Real money doesn't brings any kind of losses unlike crypto so they will still go for real money.
With the current point of view of our society, it's not possible, because people want to touch and count money. Maybe in a near future, when people are ready to make the change, cryptos will be the new money for everybody.
chances are low, I don't see cyptocurrency as a substitute for real money
What are the chances of living in a world with no actual money ?
yes its possible because as we encounter some of countries are very hightech so they might think that they want a new style of money they want a new genration hightech money so maybe in the future theres no more cash
It is a possibility that we should not rule out just yet. Although bitcoin has some limitations like supply, transaction times and fees but it has a great potential of becoming a major currency.
i am pretty sure this will happen. it's only a matter of time, i think. Long time ago, there was no money at all, people were exchanging goods. i think, when our ancestries started to use gold as money, there were some of them, who thought that gold or money will never replace natural economy system, and look where we are now))
It is impossible that cryptocureency will ever replace the traditional money. There are countries that are banning Bitcoin. They do not accept Bitcoin because it is decentralized. As of now, cryptocurrencies are being used as a source of income instead of a currency. So, it is really impossible that cryptocurrencies will become the currency in the future.
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