CRYPTO AND FIAT MONEY BEST COMBINATION - page 11.

Hagmonar

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Quote from: LogitechMouse on May 01, 2018, 07:09:09 AM

Quote from: Hagmonar on April 22, 2018, 11:29:02 AM

I bilieve that in the future crypto currency will not replace fiat money as mode of payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.

I would agree with what you said. Instead of saying that "CRYPTO WILL REPLACE FIAT - BULLSHIT" for many times, lets just think what if crypto and fiat work for each other. To be honest, I don't see crypto replacing fiat because at first place many are banning it in their respective countries. They choose fiat rather using crypto. Although there are many who are accepting crypto, it would be better if digital and fiat money will be use in the future by the people.

Also there are some case that fiat money can do and crypto currency cannot do, lets the example if you are in the plane up in the sky and you want to buy a cup of coffee or some drinks you can use enternet there so what are you going to do? In that case fiat money can solve it except crypto currency can solve the problem and can use in offline transaction in the future.

Jlimao28

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Absolutely yes! If we wil integrate the use of cryptocurrency as well as fiat currency in our economy then the citizens are freely use in both of it. As we can see, crypto and fiat are both currency but they are in different in terms of utility. There are certain circumstances that fiat currency can do that cryptocurrency can't and vice versa. In short, these two currencies are helpful in our economy.

BitProNews

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Quote from: ahmadakbari on April 23, 2018, 06:59:24 PM

It's not the problem of cryptocurrencies. The problem is that people. If they have to use cryptocurrencies, they will learn how to use it. Remember when debit cards were created recently. Now all the people use them. Becasue they have to use it.

There is no need to learn how to use because technology offers new easy tools so we expect the number of crypto users will increase always faster than before. Infortunetly, the great majority of earth population still doesn't even have access to bank accounts or even any other financial service.

Quote from: ahmadakbari on April 23, 2018, 06:59:24 PM

I do not ignore bitcoin problems. But I think cryptocurrencies have the potential to replace fiat money in future. However we need both of them now because of some problems.

Simply because we can't yet make a complete independance from the traditional system, so we think how the conbianation between them both may bring a solution.

LogitechMouse

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Quote from: Hagmonar on April 22, 2018, 11:29:02 AM

I bilieve that in the future crypto currency will not replace fiat money as mode of payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.

I would agree with what you said. Instead of saying that "CRYPTO WILL REPLACE FIAT - BULLSHIT" for many times, lets just think what if crypto and fiat work for each other. To be honest, I don't see crypto replacing fiat because at first place many are banning it in their respective countries. They choose fiat rather using crypto. Although there are many who are accepting crypto, it would be better if digital and fiat money will be use in the future by the people.

ottopk

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Imagine a parallel universe in which the U.S. economy could only grow at $50 every 10 minutes generating a mere $2.6 million of output per annum. That due to a hard-coded economic planning computer program, every four years the income its inhabitants collectively generated divided in half. Such that in year nine, its output shrank and was $12.50 every 10 minutes or $657,000 a year.
Wink

That is to say, irrespective of how productive and skilled the labor force became or how large the labor force grew, the productive output in the U.S remained fixed and static with the only change (downward in this case) occurring just once every four years.BTC

Hagmonar

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Quote from: marmeladko on April 29, 2018, 02:20:31 PM

Good point of view. I think that Bitcoin can become number one payment system in digital area. But in real life we will always use fiat money. Also people can use cryptocurrency for cross-border payments because of speed and low fees.

That was all i mean that if this two currency combine each other and put in both real world and enternet world they are the most powerfull and secure and very fast mode of payment method in history of human kind so far.

bstewart

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Quote from: Hagmonar on April 22, 2018, 11:29:02 AM

I bilieve that in the future crypto currency will not replace fiat money as mode of payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.

Yeah, at this point fiat is faster in many cases but that's not how crypto was intended. It was supposed to be faster than fiat and I hope it will be able to scale to that point in the near future.

Hagmonar

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Quote from: bitfocus on April 29, 2018, 12:02:37 PM

Yes, for now, we need both, but in a couple of decades, Bitcoin will eventually end Fiat Game.

I dont think thAt gonna happen in the future because we all know that there are bitcoin still have a lot of dis advantages when it comes in the real world and offline transaction. We all know that fiat money is still have advantages than crypto. The two of them have a advantages and disadvantages when it comes in transaction.

AlexAtom

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Quote from: Hagmonar on April 22, 2018, 11:29:02 AM

I bilieve that in the future crypto currency will not replace fiat money as mode of payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.

it is just a matter of time for peoples to using crypto and replace fiat money.
for now, crypto still has disadvantages than fiat money, and vice versa.
so peoples now still use fiat money and cryptocurrency.

coinlawyer

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Quote from: dado7 on April 29, 2018, 03:33:44 PM

Regarding the offline transactions.... soon there will be none. We are already striving to reach the world without paper money, only using cards, and they are always verified online... well even all of the Invoices in most of EU and USA are verified online as far as I know. Hence this argument for fiat money is already obsolete.

Regarding faster... yes, but not for long I think.

I will argue with the author of the OP about the fact that fiat money will still not be replaced by digital currency and that they are faster than cryptocurrencies transaction.
It depends on the speed of the developmen of the bank sector and only after the moment when banks will be accepting crypto without legislative problems You`ll see how speed crypto could be!

dado7

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Regarding the offline transactions.... soon there will be none. We are already striving to reach the world without paper money, only using cards, and they are always verified online... well even all of the Invoices in most of EU and USA are verified online as far as I know. Hence this argument for fiat money is already obsolete.

Regarding faster... yes, but not for long I think.

coinwizard_

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Also, don't forget to mention credit card which is also useful. The touch to pay is lightning fast, and the pin code is also quick and secure. Cash is good in local markets, but bitcoin is the future. Decentralised and secure.

marmeladko

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Good point of view. I think that Bitcoin can become number one payment system in digital area. But in real life we will always use fiat money. Also people can use cryptocurrency for cross-border payments because of speed and low fees.

bitfocus

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Yes, for now, we need both, but in a couple of decades, Bitcoin will eventually end Fiat Game.

surfinonmyownwavebaby

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Quote from: Hagmonar on April 29, 2018, 11:55:06 AM

Quote from: djselery on April 27, 2018, 02:43:56 PM

The crypto usability either online or offline is growing up with time, and actually there is many people around the world using both fiat and crypto currencies to paying their bills especially online. It will take more time for Bitcoin and other digital currencies to become more popular and used, but in the end people and governments will be forced to start using, supporting crypto currencies.

I think this is a good start for the government to start accepting cryptocurrency as a payment for online transaction and connect to the outside world in fiat money for offline transactions. In this way people also are slowly gain and slowly learn what is cryptocurrency.

Not online for payment transactions, I believe they should accept taxes in crypto currency as well. Why should all taxes be in fiat anyways? I would like to see that change made.

Hagmonar

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Quote from: djselery on April 27, 2018, 02:43:56 PM

The crypto usability either online or offline is growing up with time, and actually there is many people around the world using both fiat and crypto currencies to paying their bills especially online. It will take more time for Bitcoin and other digital currencies to become more popular and used, but in the end people and governments will be forced to start using, supporting crypto currencies.

I think this is a good start for the government to start accepting cryptocurrency as a payment for online transaction and connect to the outside world in fiat money for offline transactions. In this way people also are slowly gain and slowly learn what is cryptocurrency.

Doge dealer

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yes at this point in world development they are a really good combination as one creates the wealth and the other brings the virtual money into the physical world, one wonders how long this relationship will last though because the world is moving towards a virtual monetary system and as such it appears fiat will not have a seat at the table , but at this point i see them as complementary.

djselery

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The crypto usability either online or offline is growing up with time, and actually there is many people around the world using both fiat and crypto currencies to paying their bills especially online. It will take more time for Bitcoin and other digital currencies to become more popular and used, but in the end people and governments will be forced to start using, supporting crypto currencies.

max fray

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Well yes, despite the fact that these are completely opposite technologies they could be easily combined - either you use the electronic method of payment or you go to the nearest coffee shop to buy a cup of coffee using fiat money.
Still, fiat money have a long history and I can see no prerequisites for them to be replaced by any other kinds of money.

kurdapyo

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definitely, almost of us here in this forum (i think) look on different way on how to earn BTC but on the other hand, when we have BTC, we transform it into fiat because majority still only accept fiat as form of payment

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