Topic: Crypto replacing fiat? - page 50. (Read 63527 times)
There was a certain period of time when people love to use fiat, but now time has changed and now its the digital world are overtaking all the place. Most if the government is converted their fiat into crypto and its good for all the people around there, But using crypto relive the privacy of money. IN this situation any one can know how much money you are holding on though there are many other opinions out there about this topic but I think its revile the privicy of money that anyone can easily track how much money you are holding and can be hacked your precious amount.
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.
You can sleep well. We want see that approximately for or 2 years from now, because just imagine how many changes and how many countries you need to explain and conceive in order to completely replace the system.
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! 
when all blockchain infrastructure has been integrated and education will greatly benefit from using crypto instead of fiat, there will be drastic changes in the world economy and not finance
Irrespective of the history of fiat, the crypto currency can still not replace it because of the number of users of fiat. Almost all the people around the world use fiat for their daily transactions and for meeting their need as compared to those who partially rely on crypto currency and partly on fiat. Besides, the government control inflation by exercising the fiscal policy and monetary policy tolls and if the fiat system is replaced by the crypto, the tolls will no longer be effective to educe inflation.
In my opinion, this is very likely to occur, where crypto currencies will replace existing flat currencies. If that happens, that is very good news, where payments in any case will be very young. People will be technologically literate.
I don't agree of using Crypto in this moment without a great developments in their value in the market I mean it is hard to replace Crypto in fiat as our local money because it is hard to nuy things with it. And I think most of people on the rural places can't join us in using it in their daily basis because they don't know it yet even here in my country many rural place here don't know it.
Its hard to accept crypto as fiat , there are many difference and important uses of this both money. And i think crypto is a partner of fiat and can use and many different online stores . I want this both because its very useful in my country , but we don`t know what happen in next year or decades. Lets see . 
Yes you’re very, very right. Even fiat has been around for many years now and has served various purposes even before anyone though of Bitcoin. Bitcoin or any other cryptocurrency doesn’t have what it takes and they can’t replace fiat, they can only serves as a mode of payment, just some people saying that they will replace fiat. There are various ways you can make use of your fiat and you can even use payment processors like PayPal, TransferGO and a lot of them that makes fiat payments faster. no one can replace fiat money, crypto is just a currency made for a place to invest, crypto is not suitable to replace fiat because its value rises and falls fluctuatively
currently the use of crypto currency is only an investment tool. and has not been widely accepted as a payment instrument. so this is impossible to make crypto currency as a substitute for fiat currency.it will need long time to mass adoption.no one can replace fiat money, crypto is just a currency made for a place to invest, crypto is not suitable to replace fiat because its value rises and falls fluctuatively
currently the use of crypto currency is only an investment tool. and has not been widely accepted as a payment instrument. so this is impossible to make crypto currency as a substitute for fiat currency.it will need long time to mass adoption.
no one can replace fiat money, crypto is just a currency made for a place to invest, crypto is not suitable to replace fiat because its value rises and falls fluctuatively
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 you will see something like that happening and taking place on the Earth, you should tell me because I think that next few years we won't be able to see that happening, we are still so far from being an alternative payment method. Crypto will never replace fiat, it’s impossible. There are just too many things in this world that can’t be done without fiat, and there are influencers who won’t allow crypto to replace fiat because they need it.
is it possible that government replaces fiat to crypto through forming fiat to cryptocurrency form like USD to USD token or USD coin??
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.
In my opinion we can forget about this compilation of words for a few years from now, cryptocurrency is so far away from being ready to replace our existing currencies, as it can only be.
this potential is huge because many experts think that the integration of future currencies is through digital, in this case bitcoin has provided a more advanced line compared to fiat, blockchain technology systems are also very complex and ultimately only make fiat into altcoin, bitcoin will be an exchange the central currency replaces usd. but does not remove fiat from civilization.
Personally, this is the thing that never happens.
Crypto will never replace fiat, it’s impossible. There are just too many things in this world that can’t be done without fiat, and there are influencers who won’t allow crypto to replace fiat because they need it.
is it possible that government replaces fiat to crypto through forming fiat to cryptocurrency form like USD to USD token or USD coin??
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.
What advantage exactly are you talking about? I would prefer you state out the advantages that you’re talking about, if not, then it makes no sense saying that the government is accepting crypto when there is no reason. The only advantages I know in making use of crypto is the fast transaction that can be made from a country to another, and it also kind of makes you anonymous, cause you don’t have to expose much about yourself or your credit/debit card details when making a purchase of something online.
That’s the only thing I know, and apart from that have you taken into consideration the disadvantages that might follow? Have you thought about those who are not able to make use of Bitcoin?
To keep you in check - it is necessary to link your personality and your specific bitcoin - a purse. And you can have only one such purse. For today, you can open 1000 purses of bitcoins and carry out operations. Digital society is not only digital money, but the absolute control of all your transactions.
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.
In my opinion we can forget about this compilation of words for a few years from now, cryptocurrency is so far away from being ready to replace our existing currencies, as it can only be.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.
because it is the tool we use for the current exchange, bitcoin is more suitable for the investment tool.
I think bitcoin will be significant somehow in market, alongside with other currencies there
is a big possibility that crypto will definitely change the transaction processes everywhere.
Crypto depends on it's value with fiat, it's not the other way around. Both will exist but
through a lot of debate and process of course.
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