Crypto money will kill fake money - page 12.

Aizhen05

full member

Activity: 205

Merit: 100

Quote from: MetalGear on August 06, 2018, 09:46:21 AM

Quote from: Neo.op on August 05, 2018, 09:24:39 AM

Everything in our lives is now in our phones.
Why should we carry a wallet or credit card?
I really do not understand that.
millions of counterfeit money is printed every day
There's a lot of fake money in the world.
Can credit cards prevent this?
Bitcoin will kill them.

For my opinion bitcoin is created to connect the tradition ways and the modern way of transaction. Fake money is also like a form of scam in the cryptocurrency world. It can be a money balance to regulate the number of money will be printed but not to regulate the fake ones since it can be answered by the cryptocurrency.

It's true having a fake money is like a form of scam and we can't deny that it's part of our lives sometimes we encounter it.
Scam is everywhere and i think there is no way to stop the scam in the world of crypto and even in a real world.

sunshinelavapie

member

Activity: 252

Merit: 10

a good idea I think that could happen in the future. Crypto can be accepted by the nation and widely used.

elenka n

jr. member

Activity: 294

Merit: 1

Fake money has always been made and will try to do even in the field of crypto-currency...

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: Garuda88 on August 05, 2018, 10:37:43 AM

Quote from: Neo.op on August 05, 2018, 09:24:39 AM

Everything in our lives is now in our phones.
Why should we carry a wallet or credit card?
I really do not understand that.
millions of counterfeit money is printed every day
There's a lot of fake money in the world.
Can credit cards prevent this?
Bitcoin will kill them.

I think crypto is created to be a bridge between traditional systems and the digital economy, not to replace the entire financial system. Because if crypto starts to replace the currency, there will be no more speculation that will make this industry fluctuate.

Op didn't mentioned anything about replacing physical currency,what he said is this will kill the fake money or counterfeit currency in which i do believe so,because if people don't often use physical money then the opportunity of being victim of fake one is lessen,and from that many will save their money and soon this fake money creator will get tired on this illegal activities

tillerthekiller

newbie

Activity: 87

Merit: 0

Not until they are made to be more user friendly. Right now the barrier for entry is fairly high and retailers as a whole are avoiding crypto. Now there are some exceptions but even those companies probably regretted collecting payment in BTC during the winter months early this year. I think in the long term and as a whole, yes it will take over but we aren't close yet.

Jonesdoo

newbie

Activity: 146

Merit: 0

The original intention of Bitcoin was to become a virtual currency that preserves value like gold. However, in recent years, the industry has covered a wider range of applications. Some new technologies have already changed the industry. But I believe that this industry will have better development in the future and people will need it.

Mr.Spreadthehamster

full member

Activity: 518

Merit: 102

It cannot kill fiat money totally.
Once we will see how crypto can be used equelly with fiat (fiat may be will go to digital form also).

MetalGear

sr. member

Activity: 714

Merit: 250

Quote from: Neo.op on August 05, 2018, 09:24:39 AM

Everything in our lives is now in our phones.
Why should we carry a wallet or credit card?
I really do not understand that.
millions of counterfeit money is printed every day
There's a lot of fake money in the world.
Can credit cards prevent this?
Bitcoin will kill them.

For my opinion bitcoin is created to connect the tradition ways and the modern way of transaction. Fake money is also like a form of scam in the cryptocurrency world. It can be a money balance to regulate the number of money will be printed but not to regulate the fake ones since it can be answered by the cryptocurrency.

vinceB

member

Activity: 257

Merit: 10

Yes thats what i see in the future that bitcoin will be the cash not dollars or money. but i think its so long 20 yrs from now maybe? cause people will always using cash

alex_kir

full member

Activity: 490

Merit: 100

Now many people are starting a dispute that the money is better than the finest money and that it is now the finest money all over the world. But let's remember the Internet? There were similar situations. But in general, the world has become better.

Piskeante

member

Activity: 924

Merit: 15

cryptomoney cannot kill itself.

bandungan

full member

Activity: 798

Merit: 100

I think crypto money was created to be one of the money balancers, because with crypto money online payments can be used easily and this becomes very practical. so I think to kill real money I don't think it will happen.

Mianae

member

Activity: 798

Merit: 14

This will only happen when eventually there is mass adoption which is still far. Don't forget that the volatility as seen in the crypto space will as well not make this happen. Btc will keep gaining its grounds but not to take over fiat currency entirely.

AzureDragon

member

Activity: 244

Merit: 20

I'm sure that BTC won't kill usual money. At least in nearest 10-20 years.
Traditional financial systems are too inertial and wide spreaded.
The main disadvantage of crypto is its big transaction time. While this problem be solved crypto become new fiat.

jazz1984

jr. member

Activity: 392

Merit: 5

I do not think that bitcoin will kill the fiat money, but maybe it will be the first step to this new technology that can replace the fiat.

inillo

member

Activity: 254

Merit: 18

Quote from: Neo.op on August 05, 2018, 09:24:39 AM

Everything in our lives is now in our phones.
Why should we carry a wallet or credit card?
I really do not understand that.
millions of counterfeit money is printed every day
There's a lot of fake money in the world.
Can credit cards prevent this?
Bitcoin will kill them.

I wish that was true, but as it is now, cryptos have created more problems than they have solved due to scams, hackers and many dubious practices in the management. I think it will get better in the future.

Anewor

newbie

Activity: 98

Merit: 0

It may but only until if cryptocurrency will be used in our daily life. We have this problems for several years way back in the old times and until now when printers and high quality scanners can recreate an almost identical copy of the paper money. Now there is much to do with cryptocurrency before it can be used like stores opening with cryptocurrency payments and so many other ideas.

Red-Apple

hero member

Activity: 1470

Merit: 655

true but it won't eliminate scams.

the scammers won't just go away because bitcoin is being used. the type of the scam changes and they continue ripping off newbies. for example one of the common methods have been ICOs which is basically the same as "fake money" since they are not real and there is nothing behind them but 1 person writing a simple code. or the new short lives scam called forking bitcoin where they kept creating forks of bitcoin and called them "real bitcoin" and fooled people.

citydragoon

jr. member

Activity: 173

Merit: 1

“The Premier Digital Asset Management Ecosystem”

Crypto is too strong eco-system which in development which is developing in quite independent way. I think that it is possible for crypto to kill fake money.

duongdaiduong

member

Activity: 289

Merit: 10

I'm looking forward to a nice day, just touch the phone to pay any bill by BTC.

Topic: Crypto money will kill fake money - page 12. (Read 1067 times)