Can cryptocurrency make real money disappear? - page 83.

noictib

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Quote from: isabella01 on June 13, 2017, 03:38:16 AM

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

In the future we will live in that world where we don't need any type of the cash money because everything will be online and we will easily be able to handle bulk and bulk money ( as we are doing in the current in few cases ) .
And the current trend of the cryptocurrency will make it more favourable to use online money , because they are making use more useful with thier use , And we handle all of our worth money ( not in hand of third party like bank system ) .
So there is no doubt that we will have good future .

gribble

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If all of the people around the world adopt cryptocurrencies (mass adoption) cryptocurrencies can makes real money disappear because even the government can not stop using cryptocurrencies, but if it depend on the ecosystem of cryptocurrencies for today cryptocurrencies can not replace the real money at least for right now.

DaftAjax

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Quote from: mAzeforfree on July 08, 2017, 09:34:59 AM

No, because bitcoin is actual money to the same extent as USD or EUR, what you probably mean is "paper money", I wouldn't be surprised at that kind of world, considering how paper is already losing majority of it's uses in US and Europe, everyone pays with a Credit Card.
Now imagine a bitcoin credit card-like system, you pay with directly to an address when scanned, That's the idea of using digital bitcoin wallets.

Well probably you're right, but considering the fact that paper money has still some importance in its usage and value. We still have to make amends that it has been the foundation of what we've gain today as 'currency', since dollars is the number one paper currency in the world, and still is one.

But making you're idea possible could destroy Bitcoin eventually. Imagine having credit card just for Bitcoin is just making assumption that the government already have it controlled.

bluefirecorp

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Quote from: ladydark on July 05, 2017, 07:21:13 AM

Crypto currency could not make paper money disappear.Even now,there are more people who think paper money as the real money.They are not familiar with digital transactions.They don't have a bank account.Even some old people think only paper money as the real money which they could feel in their hands.Even in most developed countries like US,paper money exists.

Disappear is the wrong term, I think. Bitcoin has not arrived here to disappear the paper money. But its aim is to make the transactions easier for people. There are people who do not believe on crypto currencies and still consider the paper money as a real money but in the future, the use of paper money will become lesser.

Until each and every human of this world get educated and reach digitization hits 100% , we cannot expect real money to get disappeared. I guess it may take centuries of time.

jawitech

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Not sure, may be it can changes also. That much marketing prise is growing when day passing. its market price is raising like a rocket. Future will fallow the bitcoin rules. it can rule the world in future.

Janation

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Quote from: betMaster on July 08, 2017, 10:00:58 PM

I don't think that this is possible because not all people have access to internet and not all of them are interested in cryptocurrency because it's hard to learn about.

That is right, you can't force them to use something they don't want and they don't know how to use, and paper money was used a long time from now so it will be a new culture to other people especially the people who don't really update themselves on the new technologies.
It will be better if the government just accept them and let the people use it.

Yakamoto

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Quote from: Sarah08 on July 08, 2017, 10:32:55 PM

Quote from: isabella01 on June 13, 2017, 03:38:16 AM

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

Obviously when the bitcoin become popular in all over the globe we will no longer need the real money or cash when we can use bitcoin to buy everything but as today we cant use bitcoin in any store so we use real money so maybe 10years after now the bitcoin will be popular in all over the world.

You're going to need to have fiat currencies still existing even if Bitcoin becomes the only massive currency that is used globally, and that's because governments have to pay for their things and they have to print money to exist, essentially. You can't really have a country that exists solely on what it brings in from taxes without the taxes being exorbitant or the country woefully poor and weak. Bitcoin makes sense as existing as a store of value completely outside of the realm of fiat and being a currency that maintains value while not at risk of the traditional issues you'd see with fiat money.

I might start a Bitcoin exchange for people who want to maintain their value as Bitcoin in the future. You never know.

Sarah08

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Quote from: isabella01 on June 13, 2017, 03:38:16 AM

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

Obviously when the bitcoin become popular in all over the globe we will no longer need the real money or cash when we can use bitcoin to buy everything but as today we cant use bitcoin in any store so we use real money so maybe 10years after now the bitcoin will be popular in all over the world.

orions.belt19

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Way back before when fiat money did not exist, people used gold as a payment system. However it was hard to carry and hard to quantify as well. So when fiat money came along, they adopted it because of its convenience of use. Its possible in the future that a time will come that technology and internet will be accessible to all, and when this time comes the governments can regulate Bitcoin for better use. But like gold, I don't think fiat money will disappear.

Blackwhite69

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I don't think that will happen because banknotes have differences with cryptocurrency

betMaster

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I don't think that this is possible because not all people have access to internet and not all of them are interested in cryptocurrency because it's hard to learn about.

Vikingr

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Quote from: novemberwoah on July 06, 2017, 07:51:16 AM

I think crypto will not make real money disappear. Currently the government is still managing real money and still in large numbers, so real money is still used by many people. At least in the 10 - 20 years the real money will still continue to be used in large numbers. I'm sure in the future digital payments with crypto will be a trend, but that does not mean it will make real money disappear and will not be used again. Due to the fact that in direct transactions it is still difficult and takes time if making a payment with crypto. And to use crypto still have to buy first with money. So I do not think real money will disappear. Perhaps the right is crypto will reduce the production or use of real money, it's like an alternative.

I agree with you. Though crypto currency has bright future, it does not mean it will succeed to replace paper money completely. Millions of people still believe that only paper money is the real money. Crypto currency requires specific skills like one should know how to operate computer, how to buy coins etc. crypto is just great alternative.

Bellator

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Quote from: dady12 on July 08, 2017, 09:48:01 AM

i am pretty sure that there is no way cryptocurency can totally displace real money as you can see not everyone can afford the use of internet and where the use of digital currency can be use,but crytpocencry can affect the value of real money in several ways and this is why some cointry are trying hard to stop the use of bitcoin but so many country that see bitcoin for example as a digital asset are trying hard to adopt it

Correct, we cant change instantly the thing that has been added in the history or in our lives now. There are so many feutures that the money has while the cryptocurrency cannot make. It is far impossible to happen i think.

madcoinfarmer

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The future is after cryptos, because:
Anonymity
A wide range of things to buy with them (that widens)
It spreads into all spheres of life

dady12

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i am pretty sure that there is no way cryptocurency can totally displace real money as you can see not everyone can afford the use of internet and where the use of digital currency can be use,but crytpocencry can affect the value of real money in several ways and this is why some cointry are trying hard to stop the use of bitcoin but so many country that see bitcoin for example as a digital asset are trying hard to adopt it

mAzeforfree

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No, because bitcoin is actual money to the same extent as USD or EUR, what you probably mean is "paper money", I wouldn't be surprised at that kind of world, considering how paper is already losing majority of it's uses in US and Europe, everyone pays with a Credit Card.
Now imagine a bitcoin credit card-like system, you pay with directly to an address when scanned, That's the idea of using digital bitcoin wallets.

joganuts

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Quote from: inck on June 13, 2017, 03:51:33 AM

Quote from: isabella01 on June 13, 2017, 03:38:16 AM

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

Well, fiat money is given out by financial institutions that are big in size and are backed by the government. They make their earnings by charging fees for transactions and they will do everything to stay competitive. So I don't think that fiat money will be gone completely in the near future.

I also don't see bitcoin making current such fiat disappear in the future. Because bitcoin needs the system of fiat where its value and currency are much needed for transactions and exchange. It may just continue the support of the bitcoin and system of fiat for more development. In this case I just wait for more support of both side to one another.

PELELE

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There are less chances as still some of people against the digital currency. If all countries and all kind of people accepts, then only, real money will disappear. It will take long time.

linkme

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Quote from: isabella01 on June 13, 2017, 03:38:16 AM

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

I think they can but in the very far future when technology is grown so well that people don't need to use their real money but they have an virtual wallet that stores Altcoins for their daily payments.

Abricotier

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First Bitcoin is money : there is no "fake money" and no "true money". But if by "fake money" you mean fiat money, then no, I do not think they will disappear, for the simple reason that there is a need for the states to emit and control the money. Moreover both can coexist, so I see no reason why one would disappear to let the other take the whole place.

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