Topic: Crypto replacing fiat? - page 33. (Read 63527 times)
I think that crypto is the best way to earn money compared to fiat which is not so popular. To my mind, the only way to become rich is to get btc and ether and you will be able to earn good money
It will be quite a very difficult thing for crypto to replace fiat.
It will not happen ever. The other thing is the cryptocurrency, which can be used everywhere - I think, this is more than possible. Digital money is very safe and fast.
I believe that bitcoin will be difficult to replace fiat, this is because fiat transactions are faster and not dependent on internet access, besides that Fiat is also known to everyone so that it becomes easy to use compared to cryptocurrencies.
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 it will happen on the upcomming future since crypto now are very popular it will be possible that fiat will replace crypto.
It’s very difficult to replace fiat money, all fiat money has approval from the state government and fiat money in some countries is a sign of the country. If crypto can replace fiat money in the country then the country will lose its currency identity.
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.
Your imagination no. is too wild.do you think that crytptocurrency replaces our current payment currency?
I think it's 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.
Your imagination no. is too wild.do you think that crytptocurrency replaces our current payment currency?
I think it's 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.
I do not think that it can outpower fiat in any way.Just look at the current state of cryptocurrency, cryptocurrency is down right now and it will be hard if we deal with too much volatility once it has replaced fiat. It will be difficult for people to spend money because its price is constantly changing. Fiat can't be replaced with the cryptocurrency but surely very soon we can see most of the companies will start accepting the cryptocurrency as another payment option. Blockchains are being implemented by many other big companies which will be giants in cryptocurrency markets.
Of course the country will do everything to make fiat continue to survive, even though the use of crypto continues to increase but I'm sure it will be something that cannot replace fiat.
Yes you are right, government are going to ban cryptocurrency if it will make the economy worse, that is the reason why bitcoins will not be able to replace fiat in the future.
With the appearance of stable coins which many entities aim to introduce using popular blockchains like Stellar or Ethereum, we will start a new era of digital currencies, We know fiat won't last long.
Crypto will take many more years before it can able to replace fiat because many people in this world doesnt know yet what is crypto and how they can get a lot of money on it but when crypto is known all over the world no doubt it can replace fiat.
The day cryptocurrency replaces Fiat, is the day governments around the world unite under one global entity, and they digitize their Fiat currency while outlawing nongovernment backed crypto. Which is really the whole point behind crypto really.
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.
it seems like the problem is crime in cyberspace that will be faced if one day crypto is indeed negating flat. with crypto crime in cyberspace, people will not be able to catch up or track it because it will be difficult. but on the other hand all transactions can be done easily but hackers are rampant in my opinion.
Bitcoin and fiat have different uses and I think fiat will never disappear because bitcoin, fiat will continue to exist and will remain in use as currency because its value is more stable. I think bitcoin will be used as an asset because it could be more profitable.
Yeah i agree with you on this. It is just people are overacting on the system that is being introduced nowadays and becoming trending all around the world. And because of this they had mixed up the use and function of decentralized currency and centralized currency. 
I think, sooner or later, the cryptocurrency will completely replace Fiat. I do not think that this will happen soon, but all the same.
No, fiat will live forever. Yes, the crypto can be easily used as an alternative currency in the most developed counties but traditional money will be needed all the time.
I think, sooner or later, the cryptocurrency will completely replace Fiat. I do not think that this will happen soon, but all the same.
No, fiat will live forever. Yes, the crypto can be easily used as an alternative currency in the most developed counties but traditional money will be needed all the time.
I don't think that is possible but in cryptocurrency this can actually happen if the cryptocurrency in the future can provide the best solution, it could happen.
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.
Letting Crypto replace fiat money and being widely used in the world is a very difficult thing. We are people who have a decent standard of living to interact with technology and make a lot of money from it. But in poor countries, they do not have the means to make money from it and they do not know much about technology. Therefore, the revolution of technology will be very difficult.
It will be difficult for crypto to completely replace Fiat. Not everyone can use crypto and therefore fiat will remain.
actually, its hard to replace fiat using crypto. and im not sure when you say that some governmenet change their fiat into crypto. fiat is always be our money to pay stuff, but crypto can be alternative money.
its good if crypto replace fiat. all of thing will be held up by phone. because this is practical era, you can do what you wanted by click your phone with one finger.
when the technology has declined, crypto is useless anymore, and maybe they will change their crypto to fiat.
its good if crypto replace fiat. all of thing will be held up by phone. because this is practical era, you can do what you wanted by click your phone with one finger.
when the technology has declined, crypto is useless anymore, and maybe they will change their crypto to fiat.
Cryptocurrency will never replace fiat because every people will still be using cash depending on their daily routine and transactions to purchase their needs.
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