Crypto VS national currency - page 24.

DragonETH

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https://www.projecton.pro/

Quote from: Lexurdania on June 01, 2018, 12:52:03 AM

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 am still have doubt that cryptocurrency become national currency. Its not pesimistic but i think its more realistic, we know that economic run by banks and central banks must be do not want lose their control on money supply. On bitcoin the can not control the supply and i think its hard to make cryptocurrency became national currency

national cryptocurrencies may appear, but rather a supranational cryptocurrencies in a single territory by the type of the Euro zone. although there may be trends in the transition to the currency for specific activities or binding to the equipment.

bigblackdeck45

jr. member

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Bitcoin was created to be an option and not to replace any fiat currency or become the national currency. Sooner when bitcoin become more widely accepted and come to the point when it can go hand in hand with fiat I do believe that we may eventually buy coffee and pay bitcoin. The future is definitely uncertain and who knows what will happen with bitcoin by then.

Vamh_s

newbie

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I think that all the people of the country wouldn't accept it.

Dorcolac

newbie

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It will happen. What needs to be done before that is that you as a country have to make the infrastructure for that, stabilize the crypto which you are using and turn the people towards crypto.
If you manage to do those three things, you will do it.

InKiTy38

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

purgs08

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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.

maybe yes maybe no. some country are banning crypto currency for reason that bitcoin using for buying drugs, weapons etc..

Lexurdania

member

Activity: 840

Merit: 10

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 am still have doubt that cryptocurrency become national currency. Its not pesimistic but i think its more realistic, we know that economic run by banks and central banks must be do not want lose their control on money supply. On bitcoin the can not control the supply and i think its hard to make cryptocurrency became national currency

Mr.John19

full member

Activity: 350

Merit: 109

Now Cryptocurrencies will remain as alternative currencies and can be utilized for any transactions later on. As long there is nation adopt the bitcoin we have an opportunity to decrease the client of the fiat. Decrease just not to replace it because if we say replace there no longer accessible. There is a major diverse about the two. For meanwhile let’s should keep on the contributions on the Cryptocurrencies

InterFinex_JB

newbie

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Although some companies are already using btc as mode of payment, I still don't think cryptocurrency can replace national currency. Cryptocurrencies are decentralized and unregulated, which makes it more difficult to handle than fiat currency.

yusupjatigumilar

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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 my opinion, in the next few years cryptocurrency will replace conventional money, but only in its form, meaning that the country's currency will still exist but will change its shape from the original form of paper and coins will become digital in which we only need a smartphone that connects to the network to make a transaction

Jacata98

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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

Punisherx100

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Quote from: ladydark on May 05, 2018, 06:34:46 PM

No practically it seems not possible to happen.Not all the people would accept decentralised cryptos as their primary currencies.

Maybe soon? the evolution of money. Haven't you learned about that? We never can tell and when government implement the crypto whether the people like it or not. There's nothing they can do about it.

TheKeyLongThumbI

full member

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It's really possible. At the first couple of years adapting cryptocurrencies, fiat will stay with it. But as the year goes by, a cheaper instant wallet will exist where people would feel convenience using crypto that will make all national currencies disappear.

whoisyourking

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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.

Yes it will if you are positive about the rapid development of technology it is possible in the next 10 or 20 years. But in the third world country that has a low tech and the energy and power has a limit this is not possible. It will take billions of cash to educate and to develop this country to embrace this new kind of technology.

infested

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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.

Thats just dump. Do you hear anyone laughing today when using a visa card instead of FIAT?

Do you realize that any crypto funded card like Monaco could be accepted this year without problems not 2023?

Gabb

full member

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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.

Undoubtedly, fiat money will continue to coexist with cryptocurrencies for a long time, because in no way will central banks be willing to give up the power space that control of the national currency of each country means.

However, in order to preserve that power, we could observe some kind of approach of central banks towards the field of cryptocurrencies, but as has been observed in some recent attempts, perhaps those efforts would be directed towards the creation of national cryptocurrencies instead to incorporate existing cryptocurrencies into the financial system.

yesyes18

member

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One thing about the digital world is that, transcendence is gradual but fast. Gradual because we might not be seeing it's impact happening and fast because by the time you'd realize it's been functioning for sometime. We're growing the world digitally and hence I wont be suprised if what you're saying becomes a reality

addeqt

member

Activity: 196

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In five years time, I think it is still not possible. But in 10 to 20 years in time, that could be possible. I have my trust on bitcoin but as the current technology is hunting down by the government it could took a long time to earn government endorsement and go signal. Another thing is that, the bitcoin price should be pretty much stable to be beneficial to the payer and the merchant. Imagine if you are the coffee seller and I have just bought a coffee worth five bucks then in a sudden the price goes down and you could just received three or two bucks. You will really got angry by that and could lead to bankruptcy.

im_not_dazzled

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Quote from: imking on May 31, 2018, 09:32:11 AM

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.

Yeah, you are right it is so possible to happen the bitcoin can replace the fiat or real money. There is a lot of places don’t acknowledge the bitcoin, and not all person understands the benefits of the bitcoin. Mostly now the government make a step against on the crypto. But time will come bitcoin will become famous, and we can use this alternative form of currency.

Everything has it's own role in this life and Bitcoin , fiats and real money are the same, every single of them has it's own role that can't be replace by others. So don't try to do it is the best way .

imking

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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.

Yeah, you are right it is so possible to happen the bitcoin can replace the fiat or real money. There is a lot of places don’t acknowledge the bitcoin, and not all person understands the benefits of the bitcoin. Mostly now the government make a step against on the crypto. But time will come bitcoin will become famous, and we can use this alternative form of currency.

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