Can cryptocurrency make real money disappear? - page 56.

sampalokmix

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Investing in the future development of blockchain

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

Small chances I think since not every country in the can afford this kind of system to make this an official medium of payment, I think it may cause a lot of problem and adjustments for us to avail before we can step into a cashless society including the acquirement of high quality internet connection and high-tech living in which we cannot say that every people want and cashless society may involve dispersion of banks and markets.

danjonbit

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DanJoN

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

The chances are small but there is a possibility, the world niw are going for high technology system and bitcoin will fit on that, online transaction and other things online, bitcoin can do all that but fiat system will never be gone as long as there is some bank system that will oppise on bitcoin. But this is all my opinion..

retnoanjani

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no. although bitcoin has many advantages over fiat, bitcoin can not make money disappear. bitcoin has a transaction time of approximately 10 minutes. in addition, when there is no internet access or gadgets that we use out of power, of course we will be very confused to make payments when making direct transactions.

so, in my opinion, between the bitcoin and conventional money should not be compared over which mana. both have advantages and disadvantages. the advantages that exist in bitcoin can mask the lack of conventional money, and vice versa. until finally the transaction and the economy can be getting better and easier.

Pawalkalyan

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No not at all.Cryptocurrency will share the economy with fiat currency but it will not take over fiat.It will be treated just as an alternative currency.It is good to have a mainstream currency and an alternative currency.

Jembut Ireng

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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.

dream_maker82

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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

Well, if this happens, that bitcoin will replace real money, it will not be soon. But this situation is quite dangerous. If one day all computers are fail, the whole world will collapse. But I do not think that people will come to this. Most likely, great minds will insure themselves. Therefore, real money will not disappear, at least until.

Ausgewielt

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Ivdo not think so, probably cryptocurrency will only becomes alternative currency that can be used at anyplece around the world.

Dmitry.Vastov

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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

Cryptocurrencies are doing really great but still I don’t think that they can make real money disappear. Because firstly, real money is way too popular than the cryptocurrencies. Which has lead to increased usage of real money than bitcoin. Secondly, real money is stable as compared to bitcoin because of which its value does not fluctuate often whereas bitcoin value fluctuate a lot. Then real money is regulated by the government which increases its stability and does not let it fail. Whereas bitcoin is not governed by any government so it decrease its stability and can fall.

InvestPro100

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I consider that real money can not disappear, as gold has not disappeared, there will be both currencies.

diagla

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Cryptocurrency cannot make real money disappear right now, but in the future it could disappear if everyone switches over to using cryptocurrencies!

dificanovi

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Buzz App - Spin wheel, farm rewards

in my opinion cryptocurrency will not spend real money, but even so I still get real money from cryptocurrency by converting it to real money. for me there is a place to exchange it I am happy.

daserpent

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No. I Don't Think Cryptocurrency Will Make Real Money Disappear. Maybe In The Future , In Next 100 Years But It Is Not Going To Happen Very Soon. Just Think That Real Money Are Used Since Year 500. Every Single Person Use Money Every Second/minute/hours Etc. It Is Going To Be Impossible To Make Real Money Disappear In A Few Years. Also A Lot Of People Don't Even Know What Is That GOOGLE. How Do You Expect Them To Use Something That They Never Heard About. I Do Think Real Money Can Be Replaced But Not Very Soon.

King Sastro

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I'm not sure real money will disappear, this is because there is no way or system that can replace real money for transactions directly like cash. We certainly will be bothered if there is no real money because real money is very important for transactions with small nominal.

DoublerHunter

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Quote from: Bakemat on October 22, 2017, 10:41:00 PM

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

The chances of living with no actual money in world is low. Beacuse we know that people believes on what they feel and see . They going to think that digital currency or crypto currency can easily hack by others. So i think living without actual money is not easy. Not all people will accept the digital currency like us specially those who doesnt have knowledge about Bitcoin , digital currency or crypto currency.

If we are going to live in a digital world in the future then i might say that it has a higher chance for making to live without the real money because like the other country like china, they are now practicing how to live in a digital world because they developed a cashless system using their mobile and it is a sign that people can live without physical money or the real money.

Bakemat

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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

The chances of living with no actual money in world is low. Beacuse we know that people believes on what they feel and see . They going to think that digital currency or crypto currency can easily hack by others. So i think living without actual money is not easy. Not all people will accept the digital currency like us specially those who doesnt have knowledge about Bitcoin , digital currency or crypto currency.

ritsel02

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Bitcoin might become a competition of the real money but for me it won't make it disappear. Real money is relevant because all people around the world can hold it and it's easy to transact without the need for internet,applications and electricity. Bitcoin is a good asset and a currency which is better be used in combination with the real money.

macchiato

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There is a very low possibility of fiat money to be phased out completely. Not all people can afford bitcoins and not all country are open to cryptocurrency transactions, for example in my country. If an individual owns bitcoin, they still need to convert it to our local currency before transacting. It is also risky since there is greater loss than gain. The economy will be disrupted.

MFY151

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Quote from: elite3000 on June 13, 2017, 09:19:19 PM

Not unless imposed by force by the state.

There still are people that aren't dumb enough to go all virtual and risk the loss of everything if there is no internet connection

And not to mention the vulnerability of coins to threats such as phishing sites, hackers, viruses, malwares etc. that might take all your bitcoins which I think has a higher chance than holdups and pickpockets occurence. But it all depends on our attitude towards our security measures and being vigilant.

Blackwhite69

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Quote from: virasog on October 22, 2017, 09:18:19 AM

No I don't believe crypto currency can disappear money. First of all most of bitcoin user use it for some illegal things like drugs, money laundering so it has a bad effect on some countries. Secondly and most importantly not everyone is aware about it. Those who know bitcoins, they use money to paying which is most safe and fast way to pay.

It seems so, since bitcoin users are only partially who will understand all the ways and steps of using bitcoin. Wink

Gaff

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Quote from: senin on October 22, 2017, 06:31:36 PM

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.

I think that's impossible to happen because we've been using real money for ages. Bitcoin could be like that too in the future but I think they are both existing money and both important for us. I can't even imagine a life without real money because I'm used to it while in bitcoin I still find time to manage everything since I need internet connection everytime I access for money. It's a good privilege to be part and working with bitcoin. I can't ask for more.

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