Crypto VS national currency - page 20.

KrisAlex18

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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.

We all know that is possible knowing that the use of crypto is very universal and convenient which will surely attract more and more people to use it till we get to the point where everyone else is already using it. That maybe so far from happening but the possibility is growing as day passes by and as crypto innovates more.

nyerok

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yes of course when bitcoin has a very good development and has a very long time to process the development of it then bitcoin can be one of the national currency.

tazman

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I think it takes a lot of time, the fastest electronic money is only commonly used in supermarkets, commercial centers. And we need a personal security device that can access any wallet,any time to payment

Pyr3x

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Cryptocurrency is developing very quickly and is in great demand among people, so once it will replace our usual paper money, but it will not be in 2023, and much later.

Anwar22

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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's possible because we can see that crypto currency user increase day by day. Now many market place accept it and it's use to easily. When all the places accept crypto currency then it replace national money.

Sumo

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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.

genlocy

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It is not possible in near future but it can be happen in future,in general all people accept national currency,even bitcoin user also because bitcoin user convert bitcoin into national currency to buy their all goods..so bitcoin can't replace national currency.

Zainal-baguz

jr. member

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if I choose bitcoin remain number one if in business and investment if in comparison with others. but if the affairs of fixed transactions I prefer national money. because in my country still in banned transactions profitable bitcoin .

Findingnemo

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Bitcoin = Financial freedom

Quote from: Eric Medeiross on June 04, 2018, 01:18:30 PM

That won't happen. First, the national currency is legally issued by the government, so it's more reliable and stable. Bitcoin, on the other hand, is volatile, that means its price can widely fluctuate.

National currencies are not like crypto currency it made up with the some regulation rules but crypto currency is not like that it had no roles and no one can hack this type of currencies you can make a lot of infinity investment in this so you cannot make Crypto currency as national currency but we can make it as an additional usage of it so my will opinion is crypto currency will shoots for all the people who wanted to live a better life and also make some savings for your future generation will help for them

Eric Medeiross

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That won't happen. First, the national currency is legally issued by the government, so it's more reliable and stable. Bitcoin, on the other hand, is volatile, that means its price can widely fluctuate.

Ruth Diass

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Bitcoin as well as Altcoin is riddled with problems. Problems with terror financing and money laundering, problems with fraud. Moreover, it isn't a currency which is defined as something with a store of value, because Bitcoin doesn't store any value. In addition, its erratic price hampers it from being used as a reliable payments for goods and services.

_yoshi

full member

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I think 2023 its to early to be laughed from any reseller for using fiat money. The digital currencies are coming. And its clear, that in the future, the people will pay more and more with digital money. But the question is, which digital money they will use. I think it will be very hard for cryptocurrencies to fight against credit companys like visa or even paypal. Those companies wouldnt give up these markets because of cryptocurrencies which even have a big company behind.

gelaskopi

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It's realistic but not for 2023, it's for someday in the future, in the time we would never know. I suspect in the future, everything will be in a digital form. Now the change is starting to show up. so, wait and hope you can still meet the day that it becomes reality.

miti251194

newbie

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Comparing currency with crypto money of two currencies but in terms of their value equally as can be exchanged or traded as well as store but in common sense the national currency is known by many and has used the money and crypto money is the opposite

burnchan

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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.

It would be a difficult to replace the national currency with crypto. This is because the national currency is controlled by central banks while crypto are not. Also, i think there would be a lot of resistance to happened if this will be pushed through because this will totally change the system. The volatility would be an issue if used in our daily lives.

_AlexX

newbie

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crypto is from people for people, national currency is from the governments for people

rjsmith

copper member

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I think crypto and national currency are two different coins.crypto currency is a digital gold and its the best way to earn money.national currency is a paper money.I am sure that crypto will replace the national currency.

LeonJayden.

newbie

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I think the national money will remain a popularity in the community.It has a change that crypto coins is be acceptible as a way of payment for food , shopping and any types of bills. 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

cotton ball

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Quote from: setialovers on June 04, 2018, 03:48:45 AM

Quote from: Stromspirit on June 03, 2018, 01:39:52 PM

bitcoin will never replace the currency in each country because the currency in each country as a system of payment of each country and assess how much or how much economic value of the country. Bitcoin can be a means of exchange if it is already working with businesses / businesses that lean with bitcoin itself. for all assessments, each country has a bitcoin-oriented crypto currency of course.

Indeed, I am agree with this opinion. Its hard to replace fiat money that controlled by government with bitcoin because every country have their own advantages on economic growth. Beside that, central banks must be always want to control the currency circulation and that can not happen with bitcoin because bitcoin using decentralized system

every visible form of the system can be done separately and not tangent, but will eventually meet a dead end where there will be inflation movements from and to a particular currency, this has already happened last year in china where their fiat began to shift illegally to the cripto currency, the need for clear regulation is that the government can also take advantage of the momentum of economic potentialization that occurs.

setialovers

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Quote from: Stromspirit on June 03, 2018, 01:39:52 PM

bitcoin will never replace the currency in each country because the currency in each country as a system of payment of each country and assess how much or how much economic value of the country. Bitcoin can be a means of exchange if it is already working with businesses / businesses that lean with bitcoin itself. for all assessments, each country has a bitcoin-oriented crypto currency of course.

Indeed, I am agree with this opinion. Its hard to replace fiat money that controlled by government with bitcoin because every country have their own advantages on economic growth. Beside that, central banks must be always want to control the currency circulation and that can not happen with bitcoin because bitcoin using decentralized system

Topic: Crypto VS national currency - page 20. (Read 3033 times)