Crypto VS national currency - page 37.

cherryfer

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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.

Well, everything is coming from zero or nothing the globe is round and the time must be changed, so we can not predict specifically and what the exact possible happen to Crypto currency Replaced of our National currency or Fiat money.

kier010

full member

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nope cryptocurrency cannot replace fiat money. government cannot take tax on crypto while they can take it in fiat. crypto price is volatile and not ideal for business. it can be use in business but there is a risk of your business being bankrupt. fiat and crypto are a good combination and they will do very well.

mmo4me.2016

sr. member

Activity: 812

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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.

Digital money can not completely replace other payment method! Cash is still used because the Internet does not completely cover the earth and not everyone will be using internet everydays!

andika2018

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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 think fiat money will evolve to digital form and i am believe it will still exist. Cryptocurrency still exist too and its more bigger and can be payment too. I am believe in the future government will releasing regulation about crypto not only as investment but as payment too

putrii

full member

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I think crypto will only be an alternative payment because there are still many people who do not understand what is cryptocurrency and how to use cryptocurrency, they are easier to use cash money.

Bitdressa

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.

it takes a long time to adjust to use crypto money, because it is a new thing for those who are accustomed to using a currency that has become hereditary.

And it's not impossible if you still do not understand about this money that is digital

Roadarks02

newbie

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Quote from: kangen riko on May 24, 2018, 07:17:53 PM

Yes, this is possible. Because the purpose of making bitcoin is as a means of payment and today more and more people love online payments because they realize that shopping at conventional stores and making manual payments equals wasting their time.

Its possible maybe in the next 5-10 years where bitcoin is used in all countries. But for now due to lack of supplies it is impossible because unlik fiat its supply is unlimited and can be produced more by the government when necessary. Also the national currency is centralized and control by the law and bank and issued by the government while cryptos are.decentralized and not controlled by any single entity or government.

kangen riko

newbie

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Yes, this is possible. Because the purpose of making bitcoin is as a means of payment and today more and more people love online payments because they realize that shopping at conventional stores and making manual payments equals wasting their time.

pushups44

sr. member

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Merit: 281

I think that belief is highly speculative. We are still a long way off from cryptocurrencies being fully embraced by the mainstream, and it may take decades rather than a few years for this transition to take place.

Fire316

newbie

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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.

No,crpto currency will not replace national currency because it is so volatile and it is just a digital currency that very useful in terms of investment. National currency are issued by the government while cryptocurrency is not and at this moment not all country all over the world accept crypto currency.

Grayy

member

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it will surely take more time. It is possible for cryptocurrencies to coexist with national currencies or fiat. But I don't think governments will make it possible to replace fiat entirely with bitcoin; it will make the governments powerless in terms of managing their economies. However, governments might create their own blockchain and have their own crypto to battle it out with bitcoin.

jhonnydeep87

full member

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Crypto currency is just digital where you have a lot of crypto currency that is fluctuating in nature or in other words uncertain compared to the country's currency is always up every year. For example bitcoin where demand is so bitcoin prices will increase significantly, we call the dollar where all countries focus also with the economic graph as the main direction. Cool

BTC_BTC

newbie

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I think this might happen because the purpose of making bitcoin is as a means of payment not as an investment tool.
Especially for now more and more people who prefer to use online shopping services rather than shopping to conventional stores, even for small things though.

Gastonic

jr. member

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It depends. If a country is 1st world country just like United States, they can replace there national currency with crypto because they are technologically advance while in the developing countries and the third world countries, how can they adopt cryptocurrency if in the first place they are not aware of that? so it really depends on what country.

Sakash

newbie

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There are many differences between bitcoin and national currency. The national currency is used in all parts of its country. Another country's national currency is used as the currency of another country.

Ishiro5

copper member

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We certainly would get to the point where crypto would not only be superior to any national currency but be the major currency in all over the world. The evidence is already emerging and not far-fetched if 1 bitcoin is at least 8 thousand times of more value than the most popular and widely acceptable currency in the world, USD then we are just starting.

bitterguy28

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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 accept as of now national currency of fiat money is still strong currency in the world market exchange use by the people to buy things
Crypto as of now are in time to promote and introduce to people about the importance of this new currency and how it works give opportunity those people need to earn, hoping someday crypto recognized by entire world become number one currency and use bitcoin to buy anything in this world.

East2011

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"Reserve Your Ledger at GYMLEDGER.COM"

I think it depends on a country. Poor countries will not use cryptocurrency as a mode of payment. Because it will not be fair to anybody. Like the poor people. They cannot use crypto. It it more better for them to use their national currency.

conceivedspoon2

member

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We should expect that cryptocurrencies wont have any confrontation. It is new and change is really not what humans easily adhere or adapt to.

rapidleech

hero member

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If cryptocurrencies continue to grow and position themselves as systems that are beyond the influence of banks and the reach of government regulation, we can be sure that governments will enact national laws and take their share of the proceeds.

Topic: Crypto VS national currency - page 37. (Read 3028 times)