Can cryptocurrency make real money disappear? - page 92.

daringdiscovered

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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

Still depends on the Government, but yes, it is possible. If all of the countries around the world will accept bitcoin as a currency like what Japan does, and if this is going to happen in the near future the possibility of cash disappearance is higher than the possibility of it right now, and I think that it would be wonderful if this thing is really going to happen.

Zicadis

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Dump it!!!

Its impossible for cryptocurrencies to make real money to disappear but it does put pressure on fiat in how its used to conduct its business like speed of bank transfers need to be improved instead of transfers taking days.
But in some countries real money(fiat) is becoming unpopular against cryptocurrencies which shows a possibility of fiat disappearing

Shenzou

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i think that cryptocurrency will never make the real money disappear the reson for that is that it is like any other new type of payment, it is like PayPal like credit cards and others it can be good and easy for use to some people and complicated and hard and useless to others, the point is that cryptocurrency should exist for the people who like to use it.

rhamzter

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I think crytocurrencies had no capacity to make disappear the real money, because even crytocurrencies are famous in to the whole world people were not agreed that real money was vanish.

fujyo86

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Precisely cryptocurrency is innovation of conventional financial system thats monopolized by government and banks owned by capitalists. Real money will never disappear, banks and governments will make it better.

chairul.muttaqin

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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

Im sure that it will never happen because crypto currency need actual money as pole of it's price. Moreover that idea isn't good, real money (fiat) and crypto currencies should use and work together.

Dontme

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I think bitcoin can not make real money disappear because when we say bitcoin it is a digital money and only exist online it has no physical appearance and not all transactions or stores accepts and use internet where bitcoin exist. Also real money is backed by the government and accepted and recognized by all countries. Unlike bitcoin some countries does not accept bitcoin.

zoelhack

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If cryptocurrency will eliminate the real money whether it will happen, if that happens the world economic child will be critical. I think they will complement each other.

bajing

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Quote from: tristan1960 on June 14, 2017, 06:12:06 PM

Ohhh this is a huge claim that can never happen in practical manner. The money does not need to disappear. They can be operated in harmony with bitcoin.

Real money is controlled by the government and the government will always maintain real money at any time. I know many users who want bitcoin can be legalized and become the main currency. But that is impossible
The government will never legalize cryptocurrecy they will use local currency as the main currency

Agree with you this is the only main reason make us think cryptocurrency will never make real money disappear. Perhaps because the government is the eternal enemy for bitcoin or cryptocurrency, however high bitcoin price they will not replace real money with cryptocurrency

nuela

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What will happen later when real money is applied by cryptocurrency ??

haroldtee

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The chances are quite low and I don't see cryptos replacing fiat. Fiat will still always come in handy at its own time. So it depends on each user which they want to stick with or not. I'm sure not everyone will understand how to even make use of the cryptoworld now and even later. Some will always prefer the usual fiat methods. I've seen people who see using of technology as stress and some have the belief that online transactions even with ATM makes them prone to hackers. You can't blame them... not everyone likes change or can easily adapt to it unless they are coerced.

bitcoin199

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Having them replace USD and "real money" aka fiat money is a little beyond my expectation, I see them replacing USD and other fiat in online transactions and gaining popularity as something like CC in actual words.
There was never a world with no "real money", everything recognized by the people/users is money, before it was exchange, then gold and coins, then paper, then CC and DB and other online money, the change from paper to digital already started with Debit and Credit Cards and not just BTC.

fikihafana

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Real money can not disappear because real money controlled by world, goverment, bank and also supported by citizen. Not all user know and understand technology, and this kind of people can not use cryptocurrency in their real life

hinatashoyou

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Never, cryptocurrency will never make real money disappear, people need real money for small transactions, and most people in my country still do not fully believe in what they can not see like credit cards, or banks, bitcoin they do not know, they only Using real money

abel1337

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I think its impossible for now because cyptocurrency isnt famous for some places and it cant replace fiat for now , Its just like paypal before some are predicting that they would be a paperless future but I see now that it wont happen , Its hard because not all places have internet connection and its better to use fiat in trading in an actual trade.

Reid

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Quote from: tristan1960 on June 14, 2017, 06:12:06 PM

Ohhh this is a huge claim that can never happen in practical manner. The money does not need to disappear. They can be operated in harmony with bitcoin.

That is how it is supposed to be for now.
With bitcoin there is a lot that will be easier to be done specially online transaction.
Government taxes that needs to be paid. If your own government have a website to where you could find how much you owe them then it will be easier to pay with bitcoin. Even the payments from other services could be done quickly.
This will be convenience specially to old people or those who are busy.)

Savemore

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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 can't imagined that the world have no actual money. That is very impossible and it can't happen. We can't adapt easily if our payment is through internet. It is very hard for all the people in this world.

Jalum

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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

It’s very likely that someone could disrupt the whole money supply and it would cause the people within the IMF to build up some kind of virtual currency that will cost less for them to build and people will have to use that instead of using regular cash.
I am not so sure how it will work though.

eaLiTy

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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

There was a time when people used to live when there was no actual money,we called that barter system Tongue

will crypto currency make real money disappear Roll Eyes

it could disappear from the hands of investors to some developers who are determined to create new alt coins every now and then Grin

and in that sense it could. Cheesy

tristan1960

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Ohhh this is a huge claim that can never happen in practical manner. The money does not need to disappear. They can be operated in harmony with bitcoin.

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