Can cryptocurrency make real money disappear? - page 76.

TitanGEL

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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. It can't be. Digital currency can't make the real money disappear. Many people are still prefer to use fiat currency than digital currency. I think it is very impossible to make disappear the real money.

tanginamoo

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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 currency that is popular because these are operated with the used of internet only. You doesn't need to be tired on working physically if you can earn it only in your home. I believe that with the bitcoin's popularity and other cryptocurrencies, it is not impossible for the to dominate and that can even make real money to disappear.

maiden

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Chainjoes.com

i think not, think about it, cryptocurrency is just a digital money that is being used in online transactions, transfer of funds in any part of the world. and different country used a currency, a physical money. we all need that and i think crypto currency cant change it.

Suffes

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theoratically cryptocurrencies can make real world money disappear but it would take insanely long time several decades maybe.

filharvey

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Crypto currencies have just been introduced few years before.Internet is a must for using digital currencies.Internet is not available widely all over the world.Most people are even illiterate in many countries.Most of them only know paper money as the real money which they could feel in their hands.More over,digital currencies are decentralized and there is no authority to give assurance to their value.So,these drawbacks would not allow crypto currencies to make real money disappear.

Ilegendph

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Thinking on the higher plane of existence.

Quote from: mk4 on June 13, 2017, 02:40:33 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

Low. I think personally that cryptocurrencies wont make FIAT useless, but I think that cryptocurrencies will work hand-in-hand with FIAT money. Especially in countries like the United States, and the other first-world countries; I don't see FIAT going anywhere soon.

Same opinion, although cryptocurrency revolutionize the transactions online, still they cannot replace flat money for the following reasons :

1. Flat money represents a country, the government of respective countries dont want to lose soveriegnity
2. Since bitcoin is decentralize, government wont make it their prime currency
3. Energy efficient, it is easier to give flat money to a merchant when you are in face to face rather than use a cp and drain your cellphone's battery.

Sadnu

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Yes it may happen because the concept of its creation is very different and many people are rich because of it. It is likely that it will take a while but I believe it will happen.

Tezcalitpoka

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Its already disappeard. most of people using their bank cards, in ny nobody use cash

Sendibere

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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 may not happen because there is a lot to do with it. But let's see that we do not know the trend of our time.

DevilSlayer

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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

Cryptocurrency can't make fiat currency to disappear. Fiat money will not disappear in this world because most of all the people prefer the fiat money then digital money. Digital currency can't surpass the fiat currency.

Turk Ace

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It is easier to use. It is for the digital age and it is fast it can be sent across the world and can be setup from home and even on a mobile device anywhere you are connected to the internet.

franco123

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It will not. First of all, cryptocurrency can not be used in all countries and it can not be used to places that do not have or has very slow internet connection. And if you look at it, it is actually still better to transact with traditional real money because it can be used and brought anywhere and anytime. In addition to that, each country has their own currency with each rates. If you eliminate those real currency, countries with their own economic structure and supply and demand will find it hard to balance the digital currency.

Mame

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For now cryptocurrency cannot replace the real money it will take a very long time especially here in asia or any third world country, but in the 1st world country it is possible in the near future lets say in the next 50 years... Huh

Because we've been using fiat money for a very long time... and a lot of teaching and learning should be done in using the cryptocurrency.

So what your stand in this issue?give me your insights about crytocurrency....

helars2008

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My opinion...
There is a possibility that cryptocurrency will totally replace fiat if and only if all people around the would accept and use cryptocurrency for their daily lives...
.
But as of now it may not yet happen since not all pepople accpets the use of cryptocurrency yet.
Many still has reservations with it...
So our role in this is to educate and continuously promote the use of cryptocurrency to others....

Paid Piper

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Quote from: Nilima-Temp. on August 27, 2017, 05:18:10 PM

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.

yes currently it look like impossible but in future there are more expecting that bitcoin will become the only currency to be use for everything. in fact in present time as the users of bitcoin are low in number therefore we do not have the facilities of bitcoin to use it everywhere for buying and purchasing everything, but in future just like Brazil we also will have shops to use for shopping using bitcoin.

Nilima-Temp.

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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.

basyang

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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 think personally if we live in a world with no actual money it would be hard because most of people are compatible using fiat money and it will be hard to take it away and exchange it to a digital currency. And the government will not allow bitcoin could easily replace the traditional currency. And I think, As of now bitcoin could not replace our traditional currency.

PacePay

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Quote from: Pleione527 on August 27, 2017, 03:03:04 AM

I think cryptocurrency can make real money disappear because the technology opens up posibility of paperless money and seeing how bitcoin is being accepted in the market nowadays it seems that paper money can become obsolete in future time

We all know the technology is going so high so fast. Same will happen in the case of cryptocurrency. I think it will make the real money disappear within just few years. The rise crypto is making in the world market, the fast speedy legality is there countries are accepting. Yes there be the age of crypto only.

Fancyax

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Personal Text: Pre-sale - March 18

I don't think it can replace real money. But i wish to see cryptocurrencies working side by side with fiat.

FasTroy

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Quote from: drwhobox on August 27, 2017, 02:09:11 PM

Cryptocurrency can't remove physical money the government can't/won't replace our traditional currencies. But, yea still anything is possible with cryptocurrency!

You are right, I don't think that digital money can remove the real money from our world, at least in our century, because this technology is still new and not all of peoples around the world know about it, So it take too long to be shared for all peoples around the globe, we maybe talk about 10-20 years later, and then maybe bitcoin will be the main currency in our world.

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