Can cryptocurrency make real money disappear? - page 38.

Moriarti

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Quote from: Edrian on November 27, 2017, 04:42:17 AM

Quote from: isabella01 on June 13, 2017, 02:38:16 AM

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

People will continue using fiat even if there is a chance that cryptocurrencies will become the standard currencies in the future. Not all people have a knowledge of computer others have no idea how bitcoin works especially in the rural areas and to those who are illiterate people. They will continue using money because for them it is the easiest way, consider that bitcoin is more technical than paper money.

And what do you think about long - term? like more than 50 years.? I think it can be, cause in future most of people would have enough knowledge to use computer technologies...but also, maybe, it will be a lot of differents from todays technologies, so our generation will not know about how to use future technologies )
Huh

nurulbd

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I think it is so so.Because manay people are not uses by bitcoin in the world.But now people want to know how uses in bitcoin and want to earn more money.All banaking are transaction its own rules.When all countries are using in bitcoin then it is possible.

Lascrea

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There is a pretty low chance of living in a world with no actual money and using cryptocurrency as substitute to actual money because governments wont just let it happen. cryptocurrency would be just another way to pay online and offline when many people use it, and if that time comes real money, which is fiat will still be there used by people. Cryptocurrency will be used just like how we use credit card now by that time ..

Ruri Kurosaki

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Real money will never disappear for the simple fact that there is no offline cryptocurrency and I don't see that there ever could be. I do think however they will complement each other ..

sungaiyangderas

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This has been frequently discussed, bitcoins based only on real money before harvest and making news about the world of kriptoworld. Modern technology will make money disappear and make it digital but in my opinion it is not tipun.

shawn995

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Quote from: shone08 on November 27, 2017, 04:51:25 AM

Quote from: OZankovska on November 27, 2017, 03:59:19 AM

I don't think cryptocurrency can replace real money... a lot of people even doesn't know about other kind of money like bitcoin ets.... to my mind it's possible onle in hight circle of people

Bitcoin cannot replace fiat because of its historical value/meaning and yes a lot of people didn't know bitcoin or cryptocurrency In other word stil few people in the world know the potential of bitcoin. And still many country are not accepting/legalizing the bitcoin because of its uncontrolable (decentralized) potential.

In the future bitcoin will create a very hard impact on the real money because of its unique qualities. But the disappear of the real money is not possible very soon. in the for future it is possible that real money disappear and bitcoin become the real money of the market. but it will take a long time to make bitcoin is a real money through out the world.

Images21

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Quote from: isabella01 on June 13, 2017, 02:38:16 AM

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

This could actually happen. Probably in the age of the future we cannot see any cash anymore. That is when the whole world will completely turn digital. Everything will be done online and using gadgets already. There is no place anymore for hard money which will become some sort of a hassle and primitive. But I guess this will happen in the time when we are not living already. This is of the age to come, like several generations more to go. This is the age which are portrayed by several sci-fi movies and novels.

Chekitan

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No. Cryptocurrencies can't make money disappear why? Because just as all forms of monetary transactions cryptocurrencies have their advantages and disadvantages.. And the disadvantage of countries hacking into each other and stealing off everything is simply unimaginable and can't be accepted by the governments.

shone08

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Quote from: OZankovska on November 27, 2017, 03:59:19 AM

I don't think cryptocurrency can replace real money... a lot of people even doesn't know about other kind of money like bitcoin ets.... to my mind it's possible onle in hight circle of people

Bitcoin cannot replace fiat because of its historical value/meaning and yes a lot of people didn't know bitcoin or cryptocurrency In other word stil few people in the world know the potential of bitcoin. And still many country are not accepting/legalizing the bitcoin because of its uncontrolable (decentralized) potential.

Edrian

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Quote from: isabella01 on June 13, 2017, 02:38:16 AM

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

People will continue using fiat even if there is a chance that cryptocurrencies will become the standard currencies in the future. Not all people have a knowledge of computer others have no idea how bitcoin works especially in the rural areas and to those who are illiterate people. They will continue using money because for them it is the easiest way, consider that bitcoin is more technical than paper money.

OZankovska

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I don't think cryptocurrency can replace real money... a lot of people even doesn't know about other kind of money like bitcoin ets.... to my mind it's possible onle in hight circle of people

s31joemhar

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In my own opinion, cryptocurrency cannot replace the money at this moment or this generation. In the whole world there are lots of countries that are not well develope; meaning there are not modernize can’t afford to go with the innovation of technology. If there are lots of country those lacks of technology it’s hard for bitcoin to establish and promote electronic banking. It will just bring failure to the company if they force these things happen.

KevinHD

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it would be really much easier if those tingling coins and cuttable paper money would be disappear and all of the finances u have would be transferred wireless. Isn't that amazing?

Ian Dave

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No, this digital currency cannot make real money disappear. Bitcoin can really help us to give a big money and change it to a real money. Government will not allow that their own money will gone because of Bitcoin. Yes, bitcoin has a high value and it's getting higher.

josephpogi

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Quote from: isabella01 on June 13, 2017, 02:38:16 AM

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

I dont think if bitcoin/cryptocurrency can replace fiat money because many people didnt know about cruptocurrency the fiat is more important to all people because this is stable than crupo that flactuating every minutes day weks and month.

julzcoinbit

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Quote from: Denamen on November 26, 2017, 10:58:19 PM

In my opinion, Cryptocurrency and Real money will exist together. They serve many different people

Yes, they'll both exist in the future. Fiat is backed by Government, and do you even think that the Government would let bitcoin take over fiat currency? It's not really possible. They don't even legalize bitcoin because of the fact that it might be used in illegal activities. So, there's really no way that the Government will let that happen. Aside from, bitcoin is indeed gaining popularity around the world but that doesn't mean that it's being used almost all the people around the world. There would still be people who will not agree of using cryptocurrency. They don't know or haven't heard that thing. You can't force someone to use bitcoin whom they didn't even know. There are still a lot of factors to consider why cryptocurrency can't make real money disappear. What I'm really sure is that, cryptocurrency and fiat currency will exist in the future whatever happens.

cellat87

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Recently, more and more representatives of the official authorities of various states and businesses recognize that the crypto currency starts to displace the usual currency in carrying out various financial transactions. However, in my opinion, this will concern the banking sphere, the sphere of business, mutual settlements between individuals and legal entities, and also only in certain part of payments for goods and services in our daily life. In addition, this process will be very time-consuming and will take many decades. In general, I do not think that the crypto currency in the foreseeable future will completely replace the currency fiat.

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Quote from: Denamen on November 26, 2017, 10:58:19 PM

In my opinion, Cryptocurrency and Real money will exist together. They serve many different people

Yes, both will exist and without bitcoin real money can get its importance. When we think of bitcoin, it goes valueless if there is no real money. Maybe when majority of the population accepts and start using bitcoin, the direct usage might peak leading to gain importance same as real money, but bitcoin won't make real money get disappear.

Denamen

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In my opinion, Cryptocurrency and Real money will exist together. They serve many different people

GalahadSeika

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I think there is a slight chance that crytocurrency can make real money disappear but in our current state that will not be feasible because we are still bound in paper money. The chances are actually shallow at the moment because it is kinda hard to live without material money due to the fact that not everyone can access bitcoining thus the cashless community or market cannot be achieved yet. What I can say is Cryptocurrency can make the banks disappear in the near future specially the local ones.

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