Crypto replacing fiat? - page 18. | Bitcointalksearch.org

JoeHilton

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Quote from: theyRmose on July 23, 2018, 01:40:50 PM

I think not, fiat money will never be replaced by bitcoin.
because it is the tool we use for the current exchange, bitcoin is more suitable for the investment tool.

I see your point and agree with it. For me, even cryptocurrency has more advantages than fiat, it will never replace fiat because fiat is what we need in our economy system, it helps to run a country

candra raditya

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Fiat is more able to survive because fiat gets support from the government, crypto is very fluctuating so it will make people choose fiat to become a currency.

legenduim

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Quote from: BitcoinCommodor on October 09, 2018, 03:41:47 AM

Quote from: sakokinak on October 05, 2018, 02:39:00 PM

Although it will never replace fiat, it can peacefully coexist with the traditional money. I suppose that those people that stay online most of the time would prefer to use exactly the cryptocurrency.

Fiat and crypto currencies both are in our benefit but crypto are best as investment source for us as well as its friction-less transaction made it our first choice these days but only investors can understand this, other people will use the same fiat currency. So, both the currencies are helping us out and we will have a bright future if we accentuate on both as investment as well as payment mode.

The cryptocurrency can be the best investment (in a case when you buy the best tokens and Bitcoins) but it will never replace fiat. People will use paper money for long.

Renampun

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I'm sure this will happen in the future because crypto coins are the technology of the future and fiat currency is an ancient item. indeed to get to that stage takes a long time but that is the development of the times, always using the latest things or products..

melch100

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Staker.network - POS Smart Contract ETH Token

Quote from: B. on October 11, 2018, 10:58:13 AM

Quote from: Rastafarian on October 10, 2018, 12:14:30 PM

Cryptocurrency can never replace fiat currency. Fiat currencies are more or less like a generally used currency used by many countries in the world.

If fiat conditions are not possible to maintain balance in the majority and many countries experience bankruptcy, then they will form an MoU to use crypto currencies. For now it has not been seen, but the wave of inflation will come and only developed countries will survive, so alternative currencies have been considered from now on without any binding restrictions. Controversy does not mean not considered.

Yeah you are right, a lot of things can possibly happen in the future and we cannot really tell if fiat will never be replace by cryptocurrencies, but I think will really take a lot of time.

B.

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Quote from: Rastafarian on October 10, 2018, 12:14:30 PM

Cryptocurrency can never replace fiat currency. Fiat currencies are more or less like a generally used currency used by many countries in the world.

If fiat conditions are not possible to maintain balance in the majority and many countries experience bankruptcy, then they will form an MoU to use crypto currencies. For now it has not been seen, but the wave of inflation will come and only developed countries will survive, so alternative currencies have been considered from now on without any binding restrictions. Controversy does not mean not considered.

Ahimoth

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Quote from: yitzjoe on October 11, 2018, 09:30:36 AM

fiat will be flexible towards inflation and deflation that occurs in society because the central bank and the government can regulate fiat circulation for monetary policy needs, but the crypto supply remains and tends to trigger deflation that has profits and losses for the community

I guess crypto can't replace fiat because the government will not allow it, maybe ots better if crypto will be the same and not replacing anything because if happen then surely cryptocurrency will change also. Fiat is the identity of one country so surely many people disagree to have other currency. Also cryptocurrency is an unstable price and I think that one why they cant be replace fiat.

yitzjoe

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fiat will be flexible towards inflation and deflation that occurs in society because the central bank and the government can regulate fiat circulation for monetary policy needs, but the crypto supply remains and tends to trigger deflation that has profits and losses for the community

jonaire99

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Quote from: CptWhsikeyjack on July 23, 2018, 01:04:53 PM

Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.

Life in the world where only cryptocurrencies are available are still remains to be seen if that ever happen in the future and nobody knows what kind of laws the government is going to impose at that time. Fiat are here to stay and may coexist with the digital currencies in the future and the government might turn into digital currency also to match the use of cryptocurrencies.

Madara_Uchiha

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If this happens, only in the distant future. While the world is not adapted to the use of cryptocurrency exclusively.

Rastafarian

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Cryptocurrency can never replace fiat currency. Fiat currencies are more or less like a generally used currency used by many countries in the world.

satriagedhe

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hard to belive i mean fiat will become the last destionation of cryptocurrency trading , hard to think if there no fiat anymore

kokobaba880

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May be in future it will happen that Crypto fully replace fiat but now it is impossible to happen now and it can not replacing fiat fully and in these days crypto is very moving to a rise and in these days bitcoin is showing a high demand from the Asian countries,

bitcon

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Quote from: Dimas99 on October 08, 2018, 06:26:38 AM

Quote from: Naida_BR on July 23, 2018, 01:13:48 PM

Personally, I will never see this happen. Crypto will exist but fiat will exist as well. They will co-exist because they have different features.

We both need fiat and crypto. In my opinion, we can reap the benefits of both crypto and fiat so why any of the two should disappear?

in my opinion, everything can happen and everything is possible if the development of technology and the development of the era requires currencies that are the same as cryptocurrencies, surely fiat currencies will be replaced

Honestly, I cannot imagine that in the nearest 20 years the cryptocurrencies will replace the paper money. I guess the crypto will be used wider but fiat is needed - people are not yet ready to refuse from it.

Manolsib

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It would be the best situation if cryptocurrencies replaced Fiat, but many states simply will not allow it. Yes, and a lot of nuances associated with this, to fully switch to cryptocurrency.

domarakooth

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Quote from: Twinscoin2017 on October 04, 2018, 06:42:48 PM

Quote from: buharikx31 on October 04, 2018, 06:13:26 PM

Quote from: CptWhsikeyjack on July 23, 2018, 01:04:53 PM

Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.

The crypto market would devide in to different parts like : private, public in my opinion. And if goverments decide to make it regulated they will choose between to make it private, public and maybe what blockchain would they choose

I think replacing fiat into crypto is really a hard thing, but in a slow way maybe people well slowly adopt this kind of payment change in the near future. The crypto is now slowly becoming more popular like 30% of the world today is now aware of crypto and 70% is still didn't even know it. Internet is really depend on the place and it is also limited to those who are living on the mountainous place maybe they don't used internet because and for some other people who can afford to buy gadgets maybe they didn't know this crypto exist. So I think it will run a decade or many more years for crypto to be use as fiat.

Replacing fiat isn't a easy task a lots of thing are required. We have to change government mood, Plus makes this currency stable which is not possible.Maybe in future but i don't see anything that can replace fiat.

Christopher_Hayes

newbie

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It won't be until about a decade or so 'til we see fiat replaced by digital currency. First of all, it's a huge adjustment to newbies because it's not like bitcoin and the whole crypto market can be learned and understood in one sitting. It's a learning process. I agree with the others though. There's a bigger chance for bitcoin to exist with fiat. But replacing it completely? Yeah, that would be amazing, but I'm not we will see this happen anytime soon.

AnnaHom123

newbie

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From my point of view, it is really hard for crypto to replace fiat because the world need fiat to develop and maintain economy system. Therefore, crypto can not replace fiat even now or in the future

BitcoinCommodor

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Quote from: sakokinak on October 05, 2018, 02:39:00 PM

Although it will never replace fiat, it can peacefully coexist with the traditional money. I suppose that those people that stay online most of the time would prefer to use exactly the cryptocurrency.

Fiat and crypto currencies both are in our benefit but crypto are best as investment source for us as well as its friction-less transaction made it our first choice these days but only investors can understand this, other people will use the same fiat currency. So, both the currencies are helping us out and we will have a bright future if we accentuate on both as investment as well as payment mode.

prtty2gal2

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Quote from: Pan Troglodytes on October 04, 2018, 05:06:53 AM

Quote from: blitz888 on October 04, 2018, 04:52:32 AM

Not in the near term. It will be a loong and difficult path to mass adoption but we'll get there.

Yes we'll get there, I think so too. I am not utterly convinced, we'll get there with bitcoin, though... Well, anyway, we'll see soon enough.

Well that is not so easy old chap! One a small percent of the entire population of the world uses cryptocurrency for different purposes and not the rest of the people who completely rely on fiat for running their lives. Access to the technology is not possible for all and still a whopping portion is left to avail the benefits.

Besides those who have access to it are somehow influenced by various agents to alter their investment pattern and this speculation of crypto replacing fiat is not realistic in near future.

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