Topic: Can cryptocurrency replace fiat money? - page 2. (Read 1827 times)
The level of technology and the degree of their introduction into our life is not yet so high as to completely oust the archaic payment systems. Perhaps in the future this will happen completely and irrevocably, but this will not happen in the coming decades. But this is a good topic for science fiction.
Sometime in the distant future this may happen, but it will take a long time before everyone starts to trust this new currency.
I agree. This will take place in the future. That is for sure. The paper bills and coins will definitely come into an obsolete age. The digital era will not be consistent with a physical money and so I believe that digital currencies or cryptocurrencies will take it away. But then the process will definitely be long. It will not happen overnight, as easy as we might thought. Furthermore, there are still a lot of powerful institutions that are blocking the way.
In future, can cryptocurrency replace fiat money? This seems to be most interesting phenomenon to discuss today.
https://blog.amon.tech/can-cryptocurrency-replace-fiat-money/
there are a lot of people who have a high belief that cryptocurrency will replace fiat, i don't think like that. because after all there is a lot of manipulation and monopoly that fiat can do. it's like we expect something almost impossible to happen in the near future. I am not saying that is impossible, but it will certainly require my time more than a decade
in my opinion cryptocurrency is able to replace money from that very difficult. there are many opponents of the existence of cryptocurrency and the current prices are very volatile and at great risk
yeah indeed. many people don't agree with cryptocurrency. including now. many people oppose the existence of cryptocurrency. they all say this is too risky
I think it still takes time if crypto will replace fiat, and it seems that only certain places can be used as transactions. What is certain is that Crypto will run simultaneously with Fiat and has its own values and functions.
in my opinion cryptocurrency is able to replace money from that very difficult. there are many opponents of the existence of cryptocurrency and the current prices are very volatile and at great risk
I think this is impossible because the price of cryptocurrency cannot be balanced. When someone sells, the price of the crypto will always change. Who is willing to accept the electricity and water bills that change every second?
Crypto is going to replace fiat money, but not in the nearest future. The process is going to pretty long and complicated, but I am sure one day, we will switch to the crypto currencies payment system.
In future, can cryptocurrency replace fiat money? This seems to be most interesting phenomenon to discuss today.
https://blog.amon.tech/can-cryptocurrency-replace-fiat-money/
Over time, the cryptocurrency has all chances to replace fiat money, but now it is very early to talk about it, the necessary scalability has not yet been achieved
maybe cryptocurrency does not replace fiat currency, it might be more appropriate as a companion to transact more safely and practically.using cryptocurrency make us bring less money.
It will happen if the majority of the governments change their minds and support the cryptocurrency instead of fiat. But governments are centralized so they can rein their economy and they will prefer centralized currency than the decentralized virtual coins. Fiat can also turn into virtual currency and can co-exist with the cryptocurrencies someday. So fiat will not easily replaced by cryptocurrency and it might evolve instead in the future.
Over time, the cryptocurrency has all chances to replace fiat money, but now it is very early to talk about it, the necessary scalability has not yet been achieved
That can happen if all governments around the world support and use cryptocurrency, and I think that's impossible in the near future. I just hope they accept cryptocurrency
My opinion is no. Despite the fact that Fiat is centralized and issued by the government whenever they want but that doesn't make cryptocurrency an edge over it. Many vendors I real life will not and ever understand the technicalities behind use of cryptocurrency as mode of patent do their real life services and as such Fiat will always be placed ahead of cryptocurrency.
Cryptocurrency have all it takes to replace Fiat currency. The Fiat currency have many limitation because is kind of centralized system where the government and the banks control how much an individual and cooperate organization can deposit or withdraw per time . The world is changing to era of digital world where the global community will use digital currency such DACC token , Bitcoin , Ripple ,Ethereum for transaction . Especially DACC creating an ecosystem for monetization of content.
Sometime in the distant future this may happen, but it will take a long time before everyone starts to trust this new currency.
Cryptocurrencies will probably soon be able to replace Fiat money, since their use will be much more convenient.
Of course it can. But time is needed for this. While the situation is not very much and at the moment money is in priority. while you need to wait for an improvement
This is impossible. Traditional currencies are almost invincible. They have a history of hundreds or even thousands of years. Human beings cannot be separated from traditional currencies. Encrypted currencies or digital currencies are built on traditional currencies.
No it cant. Fiat money and cryptocurrency were totally separated but with similar purpose, as a money to be used for payments and any other function. There is no way for cryptocurrency to replace fiat money, because cryptocurrency is still not mass adopted. And many people still do not use cryptocurrency.
Jump to: