Can cryptocurrency make real money disappear? - page 6.

jaaeeeyyyy

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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

Life without physical money or fiat money would be miserable even our we do have technological advancements these years it would be a total disaster to the market. Likewise, having no fiat is impossible because it is decentralized and not backed by any valuables. It is just determined by the demand.

bayibufo

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No.I Think Cryptocurrency Can't Make Real Money Disappear.Crypto Is Digital Currency.

Wall_Streeet

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it is unlikely that it will be possible to fully switch to cashless payments in the near future, for one simple reason - there are ATMs not everywhere. To live only on cash, too, have become a bit unsafe, if it is a lot of money. So far, I see that the next 10 years will be a mixture of this. Cryptocurrencies will make a good contribution to the transition to cashless payments

BETAWI

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I think, cryptocurrency can't real money disappear. But cryptocurrency like bitcoin could change our traditional transaction and make transaction easier. Their still small business or store need to used real money for their transaction. But I know Bitcoin is the future.

candy69

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I don't think that real money would disappear in future, but more and more people are using more established cryptocurrencies and the number is growing very fast.

Prinox2

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The adoption of Bitcoin over paper money would have other disadvantages.

Cryptocurrencies are borderless. That is, their usefulness derives from a set of agreements struck by participants who aren’t confined to any one state. This might be good insofar as it could facilitate greater trade and capital flows, but from a monetary policy perspective, the Bitcoin ‘area’ is not likely to be an ‘optimal’ currency area. Without a state directing fiscal transfers to make up for the inability to adjust exchange rates within the area, the result is going to be a monetary policy consistently too tight and too loose for different groups at different times, as the euro area has spent the last 16 years figuring out.
The total value of all cryptocurrency in circulation is now almost $100bn. This is roughly double what it was just a few months ago, but it’s still tiny compared to the face value of paper dollars issued by the Federal Reserve, which alone amount to about $1.4trn. We are therefore nowhere near the point yet where cryptocurrencies pose a credible threat of supplanting central-bank-issued money

denzkilim

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Quote from: jump4ever on March 19, 2018, 02:06:24 PM

Quote from: fyubr on March 19, 2018, 02:05:49 PM

But even the wages we receive are not real money, but virtual. Then someone transforms them into paper ones, but it becomes less and less. It is very convenient to pay online.

Previously, people paid with gold and silver. Then the precious metals stopped using in circulation to pay for work and purchases. And they came to other money. They became paper and metal. This led to the fact that in this world began to use this method. Perhaps once the electronic currency will become the main one in the whole world. But not now.

There is a slight possibility that what you have said will happen in the future but I don't think that majority of the people on this planet will have an access to the internet which is the main backbone of Bitcoin and other forms of crypto currencies, This problem about the internet access will make it hard for other people to understand about what is a crypto currency and what is this technology for. Cool

vanjava

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Certainly.
Cryptocurreny is a digital currency that can be exchanged for paper money. For example by following bounty in order to get token from Facebook project Twitter and Signature and others.

Zach707

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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

Little chances because a lot of people do not know bitcoin. In our country we have only 2M active bitcoiners that is only 2% of 103M population. It is hard to let go of the paper money since this is widely use.

Marco Ambrusini

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Real money or fiat will not be easily eradicated mainly because there is no offline cryptocurrency and I don't see that there ever could be. I do think however they will complement each other.

sicnarfkswiss

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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

No chance at all, it is impossible to all countries to unite in vanishing paper money. Bitcoin or other crypto currency has a great potential to become a legal digital currency but to replace the old money is impossible because it will take much debate and efforts and of course with the unity of every country.

Minionnn

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Information technology is growing, cryptocurrency is úed very much. It is increasingly important in our lives. But I think it can not replace real money. Real money is popular and it is legal worldwide.

Boysisig207608

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To tell you frankly, I don't believe that crypto currency can make the real money disappear because there are still many places in the world that haven't heard about crypto currency of even banned the use of crypto currency. So there will always be places in the world that will always used the real money in which we are very much used to. So on places that don't have internet and mobile connection real money will always be there to fill in the gap.

fyubr

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Quote from: jump4ever on March 19, 2018, 02:06:24 PM

Quote from: fyubr on March 19, 2018, 02:05:49 PM

But even the wages we receive are not real money, but virtual. Then someone transforms them into paper ones, but it becomes less and less. It is very convenient to pay online.

Previously, people paid with gold and silver. Then the precious metals stopped using in circulation to pay for work and purchases. And they came to other money. They became paper and metal. This led to the fact that in this world began to use this method. Perhaps once the electronic currency will become the main one in the whole world. But not now.

I do not understand why you think so. I pay everything with a card. Travel, food, utilities and the like. It is convenient and many people use the means. Almost everywhere there are terms. So why not just reprogram them?

jump4ever

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Quote from: fyubr on March 19, 2018, 02:05:49 PM

But even the wages we receive are not real money, but virtual. Then someone transforms them into paper ones, but it becomes less and less. It is very convenient to pay online.

Previously, people paid with gold and silver. Then the precious metals stopped using in circulation to pay for work and purchases. And they came to other money. They became paper and metal. This led to the fact that in this world began to use this method. Perhaps once the electronic currency will become the main one in the whole world. But not now.

fyubr

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But even the wages we receive are not real money, but virtual. Then someone transforms them into paper ones, but it becomes less and less. It is very convenient to pay online.

jump4ever

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Quote from: fyubr on March 19, 2018, 02:05:03 PM

Quote from: jump4ever on March 19, 2018, 02:04:31 PM

Quote from: fyubr on March 19, 2018, 02:03:52 PM

I think that more than possible. After all, each of us every day to pay more and more debit card. It's comfortable.

And a lot of cheating with these cards. You knew that they sometimes round sums in their plus. Or that you pay these devices for payment by cards?

How else? No entrepreneur will not work at a loss. Not even the first stages. The whole work will be paid by you.

And their work too. Just like someone pays for mine. But not about this now.

fyubr

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Quote from: jump4ever on March 19, 2018, 02:04:31 PM

Quote from: fyubr on March 19, 2018, 02:03:52 PM

I think that more than possible. After all, each of us every day to pay more and more debit card. It's comfortable.

And a lot of cheating with these cards. You knew that they sometimes round sums in their plus. Or that you pay these devices for payment by cards?

How else? No entrepreneur will not work at a loss. Not even the first stages. The whole work will be paid by you.

jump4ever

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Activity: 257

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Quote from: fyubr on March 19, 2018, 02:03:52 PM

I think that more than possible. After all, each of us every day to pay more and more debit card. It's comfortable.

And a lot of cheating with these cards. You knew that they sometimes round sums in their plus. Or that you pay these devices for payment by cards?

fyubr

full member

Activity: 214

Merit: 100

I think that more than possible. After all, each of us every day to pay more and more debit card. It's comfortable.

Topic: Can cryptocurrency make real money disappear? - page 6. (Read 28844 times)