Topic: Crypto replacing fiat? - page 23. (Read 63502 times)
It is impossible that crypto will replace fiat because fiat is centralized and it helps to maintain the economy system
The crypto currency will be circulating in the area where there are strong supply of internet access ,which is the primary need to run cryptocurrency activities, but crypto will not totally be replacing the fiat currency ,because on the area around the world that do not have an adequate broadcast of internet access, will still use the usual fiat currency, so cryptos will not totally replace fiat currency.
I think that it will happen in the future that is still far away when it will happen, but in my opinion if bitcoin has reached its maximum value of 21 million, and the price of bitcoin will probably be stable, the government will use crypto and fiat currencies to be eliminated, in my opinion it will be better than fiat currency, using transaction digital currency is easier faster and recorded in the big book that is blockchain it will be safe for transactions where in any country.
Crypto currency replaces fiat, I think it is still very far considering there are still many cons about the use of crypto currencies, crypto currencies are now developing very rapidly, but the development is also followed by the hackers which would be very detrimental to the holders, this is one of the things that makes crypto currency replace fiat will be difficult because many people are still afraid to use crypto currencies
If to enter crypto currency on the state level, then no problems with the law will exist. But, the crypt will have no anonymity too since any state won't resolve anonymity in payments in the territory of the state.
I think because crypto prices are not stable and that will make crypto not be able to replace fiat, and maybe crypto will be better able to become an asset than a currency and replace fiat.
It is reality that bitcoin and all the crypto currencies are not being used as currency. People do not understand its importance and facilities very well but developed countries have accepted it already. Their citizens are enjoying purchases and payments in it to some extent. One day in the future, bitcoin will replace paper money.I think because crypto prices are not stable and that will make crypto not be able to replace fiat, and maybe crypto will be better able to become an asset than a currency and replace fiat.
It is reality that bitcoin and all the crypto currencies are not being used as currency. People do not understand its importance and facilities very well but developed countries have accepted it already. Their citizens are enjoying purchases and payments in it to some extent. One day in the future, bitcoin will replace paper money. 
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.
Crypto can't be deny that nowadays was very trending, but it doesn't mean they are destroying the essence of fiat of course not. Instead, both would exist, besides we don't know what will happen in the near future. Even though, there are some saying that fiat will disappear but it is still a rumors and the future and destiny is depend on the demand of the community I think.
I think because crypto prices are not stable and that will make crypto not be able to replace fiat, and maybe crypto will be better able to become an asset than a currency and replace fiat.
in my opinion, if there are many crypto users in world, then government will take into account, especially many developed countries that legalize it. for price stability, i think in the government hand will be different
I think because crypto prices are not stable and that will make crypto not be able to replace fiat, and maybe crypto will be better able to become an asset than a currency and replace fiat.
Probably not gonna happen, you know why? Because the government doesn’t even legalised cryptocurries. And besides cryptocurries has the same use as money,the only difference is cryptocurries are virtual money only used online or with internet.
Progress does not stand still, therefore, the Fiat is replaced by e-currency, sooner or later it would have happened, and now everything is coming to this.
Crypto will not replace fait but fair will support the crypto in terms of fair. Already in some major companies and stores are accepting are one of their payments.
it will not happen if crypto will replace fiat at any time because the government will not allow it for sure if fiat is replaced by crypto even though many stores now want to accept digital currency for payment
I think fiat currencies will not be easily replaced with bitcoin, although many think bitcoin will be able to replace fiat, but I think that would be impossible.
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.
If this case will happened it will have both advantages and disadvantages for us. As advantage, we can see how the government will spend the funds since anyone can see the amount of cryptocurrency do they have. As disadvantage of it the security of people will be unsafe since anyone can see how rich a people which can cause to robbed them or hacked them.
No doubt that it will happen one day but no one can say when exactly it may happen. My prediction is that it will be in 2030-40s, not earlier, a lot of this must change to make it real.
It is heard all over that cryptocurrency will replace fiat currencies and i doubt how this will be true. I deal with fiat currencies the more in trading and other stuffs. Fiat will be fiat and crypto will be crypto as it is.
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.
Cryptocurrency will never replace fiat because not every people in the country can manage to invest on bitcoins and that is the reason why fiat is still necessary in our country.
Everyone hopes that but i think it is really hard to come true because it coin is not stable. If bitcoin price is keep moving, it can not replace fiat
Yes it is replacing but not completely and it is true that some of the space crypto as filled for fiat like the business transaction takes place through this currency and in future the fiat will completely change into crypto then every thing will be setled through crypto.
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