Topic: Can cryptocurrency make real money disappear? - page 33. (Read 28845 times)
Bitcoin is gaining popularity elsewhere, but I don't think it can completely substitute the physical money. Not all people are knowledgeable enough about Bitcoin, unless everything will turn cashless. But the problem with Bitcoin is the value is fluctuating.
Though Bitcoin is a very promising commodity, still I think it cannot replace the real money. For one, any government will not hold anything that they cannot control and bitcoin for that matter is an example. It is a decentralized currency, meaning no one has a direct authority over it.
What if people all of a sudden stop using the paper money ? All of a sudden everyone wants to keep trading/paying stuff with cryptocurrencies.. which means that paper money will be out of use and banks/government money printing facilities will stop working.How are governments gonna deal with that ?
Yes, but not in near future. I was told that this electronic money was created in order to give population (world, poor, rich...) control of their own money without the need of a bank ("those bad guys"), But for that to succeed we have to give computers and internet access to all, and that we are forgetting.
No, because we cannot tell if bitcoin will still exist after years will pass.
We cannot tell what will happen in the future, but now it will not gonna happen.
In reality you can trade today your salt(goods) with other, so they don't really loose their meaning, but their value is just dropping.
BTC will not take over anything, because pretty unstable/limited amount/no control over it.
BTC will not take over anything, because pretty unstable/limited amount/no control over it.
Though Bitcoin is a very promising commodity, still I think it cannot replace the real money. For one, any government will not hold anything that they cannot control and bitcoin for that matter is an example. It is a decentralized currency, meaning no one has a direct authority over it.
Cryptocurrency can't make fiat disappear. Perhaps government will innovate and protect its currency so asn't to be excluded by growing crypto capitalization. Moreover, fiat needed and easy to use in daily needs transactions.
The real money won't disappear cause mostly of the user they trade it and they exchange it into real money.
What are the chances of living in a world with no actual money ? 
There is a poor chance of bitcoin replacing real money and make it disappear in view of the fact that government just won't make it take place in the currencyworld. Another is not all the people are interested in these type of currency, they are contented to the real money they have using right now. Cryptocurrencies are can be use in different transactions or way to pay and buy things online in the future but the real money, which is Fiat are still be there, existing, used by people, used by us. Bitcoin and fiat are currencies that can both help us, but bitcoin can't totally overcome fiat that easily.
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I think cryptocurren can not make real money disappear. Many governments have banned the bitcoin in their country because cryptocurrenes affect the interests of FIAT banks. In some countries, cryptocurren is legal and used with real money but it can not replace real money.
Many speculations that cryptocurrency will make the fiat become worthless or somehow will disappear. It's difficult to imagine as of now due to that fiat is the traditional way of paying in terms of goods and services. We just thank that this birth of crypto opens the door of opportunity to have an extra income but it still can't replace the fiat, instead it adds works to people to generate an income just by using the gadgets like cellphone (smartphone) and has an internet connection.
In the long term, maybe in 50-70 years, it seems like cryptocurrency is the natural way to replace the fiat currencies. Like what fiat currencies did to gold long long time ago !
No its not because real money is need every person so not disappear it. If someone use bitcoin he can not spend it without real money because you need to convert fisrt your bitcoin in real money before you spent it.
This is something that has come up on numerous occasions, regardless i will need to state that I think the appropriate response will need to be a no on this one. I just by and by can't see a period where the legislature permits an untamed and decentralized coin/cryptographic money to take control over the cash which they have added up to control over inside their nation. For what reason would they surrender the control that they need and they should have the capacity to completely control everybody inside their nation?
I'd be imbecilic for them to do this, and I don't think they'd ever decentralize the monetary forms universally like this. There will be way an excessive amount of cash from individuals who don't need this to happen going into congress for this to try and leave Congress with a win for the general population who bolster cryptos.
I'd be imbecilic for them to do this, and I don't think they'd ever decentralize the monetary forms universally like this. There will be way an excessive amount of cash from individuals who don't need this to happen going into congress for this to try and leave Congress with a win for the general population who bolster cryptos.
We used gold for trading, then cash comes in picture, then net banking credit card/debit card /wallets. Now it’s bitcoin time. Change is the natural phenomenon, In next 10 years we would see something else. Nothing is impossible
I think cryptocurren can not make real money disappear. Many governments have banned the bitcoin in their country because cryptocurrenes affect the interests of FIAT banks. In some countries, cryptocurren is legal and used with real money but it can not replace real money.
To achieve that takes a lot of changes in human life, especially in terms of transactions. If everyone is tech savvy then it will be easy.
If all contries, ok, all the world, will decide to use crypto in daily economic deals it can make real money disappear. but in the near future like 10 year it's not possible.
Yes, there is no such thing impossible in this world. If the company and management of bitcoins becomes consistent on what are they doing and maintain their executions in the company.
They can replace the real money in this world.
They can replace the real money in this world.
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