Topic: Crypto replacing fiat? - page 25. (Read 63502 times)
I think it is not possible to replace the fiat with the cryptocurrency because cryptocurrency is very new to fiat world and it is not recognized by the governments. Still, there are many people who don't have a strong belief on Bitcoin because it is completely digital currency and that to online currency.
I think it's very unlikely that crypto will replace fiat currency, fiat is easier to use as a payment medium and also has a more stable value. I am more confident that crypto will be used as an asset.
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.
Maybe crypto will replace fiat money because of evolution that happened but it takes time. We are now upgrading to high technology and virtual money is one of this.
Cryptocurrency changes Fiat and defeats the circulation of Fiat I think it will be very difficult because there are so many people who do not know how to use it and can benefit from cryptocurrency so it is very difficult to defeat Fiat.
if crypto replaces fiat then there will be many obstacles that will be experienced by many people, to access someone needs a good internet network, besides this crypto is not suitable for macro transactions.
Yes there will be many obstacles to teach people how to use cryptocurrency and also how to make your fund safe. It would be really hard in my country, cause the fact is there is a lot of people in my country even not have a bank account and also there still a lot of people that uneducated, so i think it would be hard to make it real, especially in my country. 
I never thought this would happen, Cryptocurrency will not replace Fiat in full. Forever Fiat will still exist even though Cryptocurrency will become a currency that is widely used by many countries
I agree on your statement above . fiats will remain forever because fiats are the only easiest form of payment method that anyone can use . in the past decades when many other payment options are invented such as paypal , credit cards ,banking system . all of them did became a widespread but amazingly fiats are still alive and didnt ever replace by them . same goes with cryptocurrencies , crypto cant also replace fiat verry easily .
if crypto replaces fiat then there will be many obstacles that will be experienced by many people, to access someone needs a good internet network, besides this crypto is not suitable for macro transactions.
The era of the cashless society will take some good number of years to come. Crypto will spearhead this movement but it needs to meet the mass adoption and acceptance of the governments first. It is our duty now to harness the awareness creation in order to keep the people informed about the benefits of cryptocurrency.
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.
How could that be possible if the government still had not accept cryptocurrency. in my opinion based on what the experts say if crypto replacing fiat, this will cause a lot of risk regarding the changes and regulation of the cryptocurrency itself. For example, you say that all transactions can be seen in the ledger, but we do not know who the identity of the holder is. there is and the government will not be happy with this, there are also examples of fluctuating crypto values. 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.
fiat and crypto currencies each have different segments, each of which has crypto deficiencies and strengths which are more dominant in unlimited country exchanges and with an unlimited number, whereas fiat is more dominant in domestic exchanges where the market system is still traditional, so the two are mutually support and can walk together. 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.
Maybe crypto will replace fiat money because of evolution that happened but it takes time. We are now upgrading to high technology and virtual money is one of this.
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.
we'll that'll only be possible if you allow it. For instance, you can't tell my total portfolio right? Why? because i haven't given you the access. So this will happen onlt if I give you access to my accounts. 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.
currently the major problem in crypto is with manipulation. Unless every coin gets stabilised somehow it'll ve difficult for people to wholeheartedly trust to use cryptos. Cryptocurrency cannot completely replaced Fiat, it's near impossible rather both can work side ways.
But I think now we have more value for crypto than for fiat, people are using crypto currency to buy goods and to have easy way of buying those goods which we need in our life, fiat is not reliable as compare to fiat because if we use fiat it will take a lot of time to travel for miles and buy a single good we need, crypto currency so that we can spend it to buy goods which is easy and reliable to use. 
Well, for me it's far from happening. because it will take a lot of discussions and not all country are accepting Crypto yet. and if that happens, all people should be knowledgeable about Crypto. and we should all have Internet Connection everywhere.
just thinking about it to happen makes me scared, although we can be benefited to crypto but replacing the fiat is to much, also i don't think that this thing will bound to happen because there are people that doesn't want the term change.
well i do not think that crypto will replace fiat, When buying stuff in stores, it is not necessary to confirm the entire transaction chain, it is not necessary. I think that crypto will be convenient for savings and investments.
The transition from fiat to cryptocurrency is a completely realistic scenario, and it will also change the face of the way our society spends and saves.
Cryptocurrency can replace the central banking system and international banking. The rise of cryptocurrency over the past few years has demonstrated the legalization of a new type of asset that is emerging within the global economy. Crypto is very important and can replace Fiat.
Several Crypto-Fiat exchange solutions have been launched, and more than 17 different projects are underway to implement the Crypto-based exchange of currency (Fiat) directly. I believe that in the short term Crypto can completely replace the fiat.
It is difficult to replace the Fiat Fiat. Crypto provides solutions for existing problems and the use of Fiat is experiencing, but the level of use Crypto is still mainly in the test.
Jump to: