Topic: Crypto replacing fiat? (Read 63502 times)
Cryptocurrency will never replace fiat. But they will coexist together, getting closer. Already now we see bank cards through which you can buy cryptocurrency (advcash, Gekkard, Kucoin etc.), These are signs of combining fiat and crypto.
I don't think that's going to happen that crypto will replace fiat money, they have different purposes and usages and they are both important in our lives. It is unlikely that the government will allow this to happen because they do not cover crypto.
I think cryptocurrencies are hard to replace fiat money or it will take a lot of time. Because cryptocurrencies are decentralized, decentralized, unchecked - something governments don't like. Money is the power and power of each nation. Therefore, cryptocurrencies are always constrained and banned in many countries
Crypto and fiat working differently while some country ban the use of it because of illegal transactions but still it cannot replace the money that the government created. Both can be used to purchase and invest but only one is more convenient. It is important that you have know how crypto works so that you can survive even when the downfall comes. still hard for cryptocurrency to fully replace fiat , its hard to implementation for low- mid class people they probably not get enough resource to study about it .
They don't need to study about it, they just need to use it.
It doesn't matter how mid you are, how low you are when we talk about class, if you want to use it, then do it. Either way, they don't need to study it since it doesn't require people that is graduate of 2 or 4 years in college. Unless they know what a blockchain is, how to use it and to apply it in the career they are taking then that is fine. Lot of books they can read.
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I guess the government won't allow that crypto replacing fiat, using crypto is so risky because the price is volatile. The fiat must exist because some people prefer to use fiat than crypto.
It will not happen. a country needs a less volatile transaction tool, while crypto prices change very quickly. In addition, another drawback is that not everyone and the place can use crypto because it is still network dependent. other than that no one is responsible for the loss, and hacking that occurs. 
I think it's possible. And even in the very near future. Why not? In cryptocurrency, it is very convenient to make investments, payments, transfers.
We will be protected from scammers. I think this is a great means of payment. It will take time, of course, but it's worth it.
With your account number they are some very good computer genius that can track your account. The only difference is that fiat is more secured because it is used mostly. Whenever cryptocurrency will take over fiat, crypto will be more secured and people will surely look into that.
I don't see this happening, the best that will come will be that crypto and fiat will be adopted side by side. Bitcoin is not private, what will mostly happen is that the Bitcoin network will either improve on its privacy or people will adopt more of privacy coins for payment purposes. On the flip side, if I am to spend BTC, I will probably not spend it from the wallet I have a big stack of cash.
Thus, bitcoin will have circulation in all countries, unlike national digital currencies. But governments of all countries, even after they legalize cryptocurrency, will try to limit the scope of payments in their financial market. And this will be due precisely to the fact that it will not be subordinate to the government.
It will take a lot of time for crypto to replace fiat money in daily life transactions. Cryptocurrency payments are currently facing a lot of difficulties because of the following reasons: prices change every second, are not fixed, transaction processing speed (transfer / receipt) is still slow, exchange rates are difficult ... This makes paying with crypto not easy and fast with fiat money, so I think it will take a long time for crypto to replace fiat money.
I guess the government won't allow that crypto replacing fiat, using crypto is so risky because the price is volatile. The fiat must exist because some people prefer to use fiat than crypto.
No, never replace. But crypto and fiat can coexist peacefully. It is only necessary to facilitate the exchange. Now stablecoins are helping. Especially those that have their own card, like eurg
it is clear that crypto and fiat are two different and correct sides of your words where they need each other and cover each other's shortcomings, so that they can synergize with each other.with clear technological advances crypto is needed but fiat is also still needed, because technology is not yet possible to reach the whole world and there still needs to be an improvement. because there are still many rules that need to be made regulations.
There are so many possibilities in here if the cryptocurrency will remove or replaced FIAT currency there are some people that doesn't want to use it because they don't know. There are some good deeds it can provide like the faster transactions to any people who use it. But before that happen for sure it will gonna be world discuss.
There will be a huge debate about this thing for sure, and I know this will not happen easily. I actually don't see cryptos to replace fiat, if that is the case cryptos will become more centralize so for me its not a good idea to replace fiat. Better to make a healthy competition with it and let people decide on what to use base on their liquidity. I think cryptocurrencies are hard to replace fiat money or it will take a lot of time. Because cryptocurrencies are decentralized, decentralized, unchecked - something governments don't like. Money is the power and power of each nation. Therefore, cryptocurrencies are always constrained and banned in many countries
Even when cryptocurrency is legalized, its use will necessarily be restricted by the government. Cryptocurrency cannot completely replace Fiat, otherwise the state will lose control over its citizens. Here, the government will most likely use the national digital currency to maintain control.
I don't see this happening, the best that will come will be that crypto and fiat will be adopted side by side. Bitcoin is not private, what will mostly happen is that the Bitcoin network will either improve on its privacy or people will adopt more of privacy coins for payment purposes. On the flip side, if I am to spend BTC, I will probably not spend it from the wallet I have a big stack of cash.
I think it takes a lot of time for cypto to replace fiat money. Crypto curencies have many advantages such as fast transaction processing, low cost ... but it also has many disadvantages: constant price fluctuations, limited liquidity due to handling, verification. trading takes time ... And I believe that the most important point is that crypto cannot replace fiat money at the moment because of its mission. not under the control of anyone, fair, transparent ... But the body operates in the opposite way: Money is the power of the state / capitalist, 20% of the world's people hold 80% wealth. That's why crypto has always been banned, hindering development. That's why I say crypto will take a lot of time to replace fiat money
I think cryptocurrencies are hard to replace fiat money or it will take a lot of time. Because cryptocurrencies are decentralized, decentralized, unchecked - something governments don't like. Money is the power and power of each nation. Therefore, cryptocurrencies are always constrained and banned in many countries
No, never replace. But crypto and fiat can coexist peacefully. It is only necessary to facilitate the exchange. Now stablecoins are helping. Especially those that have their own card, like eurg
Crypto will only replace fiat when we start seeing crypto as a medium of transaction as we understood fiat to be rather than seeing crypto more like an investment to generate profit. By buying when the price is lowing hoping that the price will appreciate so we sell and make profit
still hard for cryptocurrency to fully replace fiat , its hard to implementation for low- mid class people they probably not get enough resource to study about it .
I think that people should have a choice to use cryptocurrency or fiat money, otherwise it will be coercion, and then even cryptocurrency will become something sinister.
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