Topic: Crypto replacing fiat? - page 47. (Read 63502 times)
I think fiat will still be there even if cryptocurrencies might become global currencies. Fiat will still be used for local transactions and for daily transactions.
We are so used to cash that it's even hard to say which of them will remain.
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?
I think both of them will exists forever and I also think that cryptocurrencies will never replace fiat simply because it is our traditional money. In addition, We all know that both of them have different feature but we use them as currency. I think that cryptocurrencies will become one of our currency in the near future. However, it will never replace fiat. Lastly, I hope in the near future cryptocurrency will recognize as legal currency which can able to exchange in some valuable things. 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?
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 currency is not at all capable of replacing conventional national money. Monetary banknotes, this is a practically improved debt receipt of the state for a certain part of the property of the state, denoted in its denomination. That is, money has always been tied to the state of the economy of the state. Crypto currency is completely different. It is created more as a payment system, and not as money. In any case, we can not take some kind of candy from the side and say that it will already be our new money. It is against all economic rules. 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 don't think any country wants to replace its fiat currency, indeed the crypto digital currency is very good for individual or state budget, why? Because the fiat currency of the price and nominal remains no change and the exchange is evenly balanced with digital coin bitcoin that every time the price must change not fixed but the profit we can deal with other countries while fiat currency cannot need to process, I think cryptocurrency is enough only for future assets
Crypto can not replace totally fiat money but it will go along way with fiat money , because cryptos can only be use in highly urbanized city,where power and internet supply is adequate ,bur for fiat money it is still be used in urbanitic places especially the mountainous region fiat money is still effective.So I think crypto can not totally replace the fiat money.
The advent of cryptocurrency could be the beginning of a new way to exchange value. This development can easily be associated with how email disrupted the post office. Email broke the post office’s value chain system since it introduced a new order where you could send a letter without a stamp. Similarly, cryptocurrency enables you to send or receive money without an intermediary. This bank-less system will ultimately do away with banks.
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 believe cryptocurrency can't replace fiat because the purpose of crypto is for investment only and is dependent on digital network to perform any transactions while fiat can be used anytime regardless of internet connection.
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.
Correct this is why KYC is dangerous. Once they place you to your wallet address you are under the worst tax enslavement system man has ever seen. A technological trap tracking everything. This is why I plead for people not to participate in KYC.
There are still too many problems to solve, and in any case the number of bitcoin users is still too limited.
Perhaps, when there is real regulation, we can speak of substitution, but for the moment it is only science fiction.
Perhaps, when there is real regulation, we can speak of substitution, but for the moment it is only science fiction.
Cryptos haven't replaced the fiat yet and it won't in future too as many economies have declared it as an illegal tender. Without complete support and consistent flow cryto cant replace the fiat . Hope you got me! 
It is not yet even possible so soon. I think that it will take a lot of time, no doubt that even now in some place prefer to use bitcoin, but they are still using it as optional and not for everything they want. Therefore I think that it will take a lot of time when bitcoin will become so popular to use for everything instead of fiat currency.
Firstly, it is to be shown that governments allow the victory of cryptocurrencies.
In any case, before these become common use it will still take a very long time, and there will always be a large chunk of the population that will prefer paper money.
In any case, before these become common use it will still take a very long time, and there will always be a large chunk of the population that will prefer paper money.
Crypto will coexist with fiat, imagine life without cash and having to pay everything through crypto viewable on a public blockchain.
Yes fiat currencies will remain where it is and soon cyptocurrencies will be use as what fiat do. I am hoping this will come true soon and a lot of us will be surely using this and will give us good profit.
We hope that, in fact many things can be more useful in crypto and fiat cannot be done, this is what makes me invest crypto because I believe in the future.
Crypto will coexist with fiat, imagine life without cash and having to pay everything through crypto viewable on a public blockchain.
Yes fiat currencies will remain where it is and soon cyptocurrencies will be use as what fiat do. I am hoping this will come true soon and a lot of us will be surely using this and will give us good profit.
Although crypto use is increasingly massive and growing, but I am sure that fiat will continue to survive, this is because fiat is fully protected by the government, even disrupting fiat will make the government do everything to protect fiat.
Crypto will coexist with fiat, imagine life without cash and having to pay everything through crypto viewable on a public blockchain.
Yes fiat currencies will remain where it is and soon cyptocurrencies will be use as what fiat do. I am hoping this will come true soon and a lot of us will be surely using this and will give us good profit.
Although some goverment or company in the world do not approve the Crypto but in think in the near future, it will be accepted and replace the role of fiat in the economy or banking. It is the same as the card was replaced the cash in the past.
It does not seem quite certain that crypto will take over the role of Fiat. Governments or banks have no interest in the widespread use of crypto. Blockchain probably will use the transaction, leaving crypto somewhere on the sidelines.
Well government interest is there but that not enough to pick btc over a system that has been used for the longest time and has been the backbone of basically anything financial. And interest doesn't always amount to positive outlook towards btc since many goverments don't see it in a positive light. The journey of btc to mass acceptance is still fsr from midway so thinking about it replacing fiat is a way too premature.
Crypto will coexist with fiat, imagine life without cash and having to pay everything through crypto viewable on a public blockchain.
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.
Not a single chance. It will become something huge and people may use it a lot more frequent than how they see it but it will not replace it at all. It is basically what it is right now.
It will be exactly what it is right now but it will be used by more population, which is not enough to make people forget fiat. Even though we all have cards and debits and all that we still use cash sometimes which means it will take a lot of time before we can even be in discussion of replacing cards.
Although some goverment or company in the world do not approve the Crypto but in think in the near future, it will be accepted and replace the role of fiat in the economy or banking. It is the same as the card was replaced the cash in the past.
It does not seem quite certain that crypto will take over the role of Fiat. Governments or banks have no interest in the widespread use of crypto. Blockchain probably will use the transaction, leaving crypto somewhere on the sidelines.
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