Crypto VS national currency - page 19.

NelfiNovita

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Quote from: stryker on May 05, 2018, 04:01:50 PM

I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.

I prefer crypto currency compared to fiat money because the price is not stable. I can take advantage when the price of crypto currency price increases. if fiat money always has a stable price because it is set by the government. no crypto currency can manage to keep prices stable and therefore the price goes up and down depending on buyers and sellers in the crypto currency market.
I also think that someday bitcoin will become a global currency because at this time people are getting more and more familiar with bitcoin and they will do business on crypto currency.

zinluzgina

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Quote from: stryker on May 05, 2018, 04:01:50 PM

I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.

I do not think that in 5 years, everything will change quickly and there will be no Fiat money. Fiat money will be in circulation, because it takes time. Given example. When the European Union switched to the Euro, it took them more 5 years to get out of circulation national currencies, francs, zloty, dollars, etc. Nevertheless, they can still be found in European countries. The Fiat money will be cash, and the crypt will be cashless.

genuin

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Quote from: stryker on May 05, 2018, 04:01:50 PM

I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.

I think it is very possible for crypto to replace the national currency. not a matter of time, but how people's enthusiasm in terms of crypto. to note is the world's crypto community where more and more emerging people who want to invest in crypto. it is possible to replace the status of the national currency rather difficult, but replacing the prevalence and usefulness in everyday life is possible, given the general and worldwide crypto Grin

dificanovi

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Quote from: stryker on May 05, 2018, 04:01:50 PM

I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.

in the near future bitcoin can not yet be used as a means of payment in all countries because only a few countries that have inaugurated bitcoin as a means of payment, but I am sure in the future we can use bitcoin as a means of payment in all countries.
I also agree with you that it takes a very long time for bitcoin to become a global currency.

South Park

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Quote from: Sumo on June 04, 2018, 01:55:49 PM

I think that in 5 years we will be able to fully use the cryptocurrency in parallel with ordinary money, but there will be no full replacement.

Five years seems to be too soon to me but I agree that this seems like the most likely scenario, we are not going to see a replacement of national currencies by cryptocurrencies but it is very likely we are going to see a new parallel economy emerging, something that is not going to make governments too happy since it will be impossible to link transactions and addresses with people.

Emma.Watson

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Cryptocurrency has more acceptability than National currency as using Crypto one can use Cryptocurrency to trade with people from different part of the world while with National currency there is limitations

mendra_2009

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Crypto currency will not be able to replace the national currency, and the national currency also will not be able to replace the currency crypto.they have been on their respective paths. Crypto money in use requires internet network while the national currency is not, crypto currency has no physical while the national currency has a physical. Hope what I express can enlighten for us all that both have the same power but are on a different path. For that is important I think how we can use both for can give our lives even better in solving our current financial problems.

cosmoo

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Maybe this is possible, but I'm not sure about it. But I'm sure that if it will be someday, it will be not so soon. I think next generation may do it.

sabihanazir

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If a rustic is 1st international u . s . a . similar to usa, they could update there country wide currency with crypto because they are technologically boost even as in the developing nations and the third international nations, how can they undertake cryptocurrency if inside the first area they are not aware of that? so it truely relies upon on what u . s

Joseph Cabrall

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Maybe in the future Bitcoin will be used more to pay, but I don't think it can get rid of the fiat money, because fiat money has existed for a very long time and is regulated by the government. And the government certainly don't want their currency replaced by another kind of currency not issued by them.

Tiksi_Bay

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You will like WhenHub project because this affects an important areas of people’s life. For example, one is the consulting categories listed on the WP is Mental Health. Often people with mental health issues can't afford psychotherapist, so maybe it would be more affordable for them to have a consultation on WIN platform and it would be a great chance for them to become more happier

Dr.Osh

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Quote from: kakonhat on June 06, 2018, 03:45:07 AM

National currency won't be replaced by Cryptocurrency because it's so impossible. Yes, it is possible every country accept Cryptocurrency to be fast than now in the exchange system. Exchange system not only for money exchange but also for export, import and more. It will be your retail market hole sale market that's mean everywhere to use your daily spending. And we can see it that it's already started.

well, each country has its own currency, and it becomes a symbol for them. I also feel that it can not be replaced with crpytocurrency such as bitcoin, because so far, cryptocurrency is highly unstable, and more dominant for investment.

audrey.audrey11

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This could be a very good idea. But sad to say that there are some countries whos up until now they did not threat cryptocurrency as good as what we are positively thinking in the future. Other reason is that many people are not yet aware about cryptocurrencies due to their simple way of living.

kakonhat

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National currency won't be replaced by Cryptocurrency because it's so impossible. Yes, it is possible every country accept Cryptocurrency to be fast than now in the exchange system. Exchange system not only for money exchange but also for export, import and more. It will be your retail market hole sale market that's mean everywhere to use your daily spending. And we can see it that it's already started.

justin0062

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It’s true that bitcoin and other cryptocurrencies have gained immense amount of popularity among the people since it has started and also has gained a lot of users throughout the world. Hear in our country i heard a news that a restaurant is accepting btc to be the payment for the food. So if webtaling about the national money i guess it still possible

Sachinthani

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Probably this may happen in the future, even up to a certain extent. Let's hope for the best.

marcosfx

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Never could not understand...why crypto must for sure be batling with national currency? We can just start as a secondary payment methood

mware

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crypto currency can not replace national money but the government will probably make its own digital currency and payments in digital currency should be made exactly with currency or cash with not have transaction fees

tonyjon

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I think it's possible, but not by 2023. There are many constraints. First, the government does not legalize bitcoin. Secondly, the banking system is strongly opposed to this. The crypto community will become stronger when society and government move to a new level. We're just getting started.

sonofliberty

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Despite the fact that more and more people have the Internet access and they actively use computer technologies, we still have many countries that are not developed enough which is why resigning for local currencies is not possible yet.

Topic: Crypto VS national currency - page 19. (Read 3027 times)