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 your scenario you are predicting that the governments create their own crypto, this means they will know exactly how much money you are holding since banks and governments in your scenario would have become a single entity but no one else will have access to that information so you will not have to worry, but that is not what we want, what we want is that bitcoin takes control over the economy and if that happens you have nothing to worry about that either since you do not have to give up your identity to open a wallet. 
Topic: Crypto replacing fiat? - page 59. (Read 63502 times)
what makes you think that crypto will replace fiat? whether there is a good reason for this, or you are just doing a speculation.
I personally deny your opinion, because I am very sure fiat can never be replaced by bitcoin, see the rejection that occurs on the bitcoin, its will be a stumbling block for bitcoin in order to replace the fiat currency.
let both stay still exist because both are the equally have a very important function For the life .
I personally deny your opinion, because I am very sure fiat can never be replaced by bitcoin, see the rejection that occurs on the bitcoin, its will be a stumbling block for bitcoin in order to replace the fiat currency.
let both stay still exist because both are the equally have a very important function For the life .
I do think it goverment would bemore easier to track our money from blockchain and also they will get easier to take tax from ouf money. I believe there is a con and pro for digital money ( cryptocurrency). But its good right i mean we are more transparant and if youre good people so there is nothing tbe afraod for. Humant technology is keep developing and this one could be our future so i believe lets see how it goes and what we can do is to adapt with it.
cryptocurrency will never replace fiat, because forever fiat will remain in need for daily life.
just imagine if you have to pay for coffee, taxi, using bitcoin.
you'll get to kesulita, besides bitcoin cost in every transaction. it will not be effective.
just imagine if you have to pay for coffee, taxi, using bitcoin.
you'll get to kesulita, besides bitcoin cost in every transaction. it will not be effective.
Crypto will exist and fiat money will always exist. I do not think crypto can replace money because bitcoin is a decentralized platform, governments can not control it. That is also why many countries have banned bitcoins
There are many individuals who imagine that administrations in the long run will move from utilizing FIAT to utilizing crypto like we as a whole take after and like here on the gathering, however it wont happen in light of the fact that it is totallyout of their control.
Governments will move from FIAT to their own halfway controlled computerized money and yeas that will accompany the administration controlled "track and follow" framework we don't care for.
Governments will move from FIAT to their own halfway controlled computerized money and yeas that will accompany the administration controlled "track and follow" framework we don't care for.
Going digital would pose many problems for the people (especially the elders) who are less tech-savvy; they would get exploited by hackers and scammers. Besides, transaction time for cryprocurrencies are far from instant and micro-payments are usually not possible, and if it was, it would cost more than paying in fiat.
Fiats will still exist even crypto will accepted as their legit currency all over the world, crypto and fiat have a big difference and there will be many conflicts if crypto replaced fiat. crypto is volatile and we need a fixed value currency to avoid conflicts in paying transactions like we can't buy an small amount stuffs like candies we need a fiat.
I dont think it will happen in the future but bitcoin has a better future and there is no problem if bitcoin become the leading currency.
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.
There's no reason to expect that anyone would be able to tell which address belongs to a particular person. Additionally, most people will have their holdings dispersed among hundreds or perhaps thousands of addresses. Lastly, this isn't likely to happen anyway, so it's kind of a moot issue. Crypto is not going to replace fiat, it's just not viable as a currency.
crypto and fiat all have their strengths as well as they will have their own characteristics and it will support each other as well as serve the need of circulation of goods as well as it gives us many choices than
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.
Surely this will eventually happen, cryptocurrency can't be fully centralized like fiat money and can't be issued in enormous quantity like fiat money.
Most every state worldwide is living in HUGE debts due to they take money from 3rd parties and promise to return it with %, but it's impossible to return % because this money simply just don't exists, so they have to take new debt to cover the previous, and this goes on and on.
Eventually this system will fail, and many people will suffer worldwide, of course not the bankers who will take money from 3rd parties and will never return them.
Looks like this situation will happen sooner as we all might expect, we are facing history changes in financial industry right now, in my view.
We are trading cryptos for goods currently. Usually digital goods but there re. If you have some at the moment, and you like to trade it for any good, why not. Its just like using your FIAT money to buy it. If we should all anticipate that ETH will rise and so we won't trade It for anything, then how is it going to rise.
I do not think that's possible. fiat currency is the fundamental of a country that is very important in the eyes of the world and is a symbol of the country's economic power. so the fiat currency will remain and the digital currency will be the option to transact.
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 think as technology brings a lot of changes. What you’re saying will not be a problem. Technology will prepare people for it. Just like how you use your debit card or credit card, later on it will be better than that.
It is unlikely that fiat is now considered to be the most liquid, there will not be any coins that can replace them in the present and in the future.
Getting into cryptocurrency is more like being open source. You have to be a free mind you cannot keep secrets, for example, suppose you have a bad habit and you have to pay to buy that service or product. Let's take you like smoking and you have to pay with cryptocurrency so everyone around the world will see the transaction you do. This will increase the productivity of the companies by taking the market stat just like a Facebook date but it will reduce your privacy a lot but it will improve the transactions. So you have to decide you need secure payments are less privacy.
It's not all that bad. If you need privacy you can choose to mix your coins and spend the 'clean' coins to not disclose your personal information, or make use of an altcoin such as Monero. The majority of the payments and transfers of value with Bitcoin are not related to anything requiring a higher level of privacy, so that makes privacy less of a thing for most people. Privacy is a niche 'product' currently.
I think it will be taken more seriously in the coming years, but that all depends on how the average person is looking at his privacy, and more importantly, how much he values his privacy. Time will tell.
It will never happen in the future because cryptocurrency and fiat money have their own roles that cannot be replaced. That thought is merely fantasy and unlikely to happen.
I also think that cryptocurrency was created not for the purpose of replacing the currency fiat but that it has its own mission in each and every field. Forming too many coins today is also a great barrier to making crypto very difficult to replace the currency fiat to become the common currency of the world. 
It will never happen in the future because cryptocurrency and fiat money have their own roles that cannot be replaced. That thought is merely fantasy and unlikely to happen.
Fiat is shit and because of that only we people are categorize in rich and poor country and people in all this world. You should agree the bitcoin will be replace the fiat cash forever with in some years so we need to wait and watch the what marketplace value seems better.
Reserve banks which are all owned by the private companies need to erase from this work to work better.
Getting into cryptocurrency is more like being open source. You have to be a free mind you cannot keep secrets, for example, suppose you have a bad habit and you have to pay to buy that service or product. Let's take you like smoking and you have to pay with cryptocurrency so everyone around the world will see the transaction you do. This will increase the productivity of the companies by taking the market stat just like a Facebook date but it will reduce your privacy a lot but it will improve the transactions. So you have to decide you need secure payments are less privacy.
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