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Topic: Crypto VS national currency - page 41. (Read 3028 times)

member
Activity: 560
Merit: 10
YOUC - www.youengine.io
May 14, 2018, 09:54:32 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 take a quite long time for replacing fiat money by crypto. This is because the volatility of cryptocurrency.
if the value of crypto still volatile in the future, i doubt peoples will use it same as common currency.
newbie
Activity: 83
Merit: 0
May 14, 2018, 06:29:55 PM
Cryptocurrency is just a medium of exchange like our national money and it will run parallel together. For Cryptos to outright replace  national currency seems impossible.
hero member
Activity: 3052
Merit: 606
May 14, 2018, 06:15:03 PM
I think that in the future cryptocurrency will replace the usual money in most countries, but not completely. We have a lot of corners in the world where this cryptocurrency can not be implemented.
I agree.There are really possibilities that cryptocurrency will be able to be used in some countries but not totally replacing the national currency.It would take a long time because most of the countries today are still investigating on bitcoin whether they will adopt it or totally banned it.
full member
Activity: 756
Merit: 102
May 14, 2018, 06:09:39 PM
I think that in the future cryptocurrency will replace the usual money in most countries, but not completely. We have a lot of corners in the world where this cryptocurrency can not be implemented.

Before cryptocurrencies came out , there were other digital payments like paypal , payza , payooneer , etc and there were also credit cards and debit cards. These payment methods are much handy and more advance than a regular currency but until today , regular currencies are still the ones that we are currently using the most and they werent replace by any other forms or types of payment methods.

I believe Same thing can happen to the cryptocurrencies
. Cryptos cant also replace fiats even if we are on the future, infact we are already on the future and its been around 9 years ever since the first crypto ( which is bitcoin ) came out.
jr. member
Activity: 154
Merit: 1
May 14, 2018, 06:00:38 PM
I think that in the future cryptocurrency will replace the usual money in most countries, but not completely. We have a lot of corners in the world where this cryptocurrency can not be implemented.
member
Activity: 395
Merit: 10
May 14, 2018, 05:41:15 PM
It is unlikely that there will be a complete replacement of real money with cryptocurrency, since our world is very different, and not all countries are technologically advanced to the level that it is possible to introduce an electronic currency everywhere.
hero member
Activity: 1098
Merit: 500
May 14, 2018, 05:35:47 PM
Perhaps someday the cryptocurrency will be able to completely replace real money, but it will happen very soon.
sr. member
Activity: 574
Merit: 256
May 14, 2018, 04:58:23 PM
No doubt bitcoin is getting popular these days and many countries are trying to be cashless but I don't think that any sort of cryptocurrency will be able to replace fiat money or the national currency of that particular country.Bitcoin provide it's users with many facilities such as fast anonymous transactions, profitable investments ,way to earn money but still it can't become a national currency of any country because it will not be able to gain that much of trust which a national currency has and government will not allow any such currency over which they have no control to be national currency of their respective country.
full member
Activity: 290
Merit: 100
May 14, 2018, 04:08:36 PM
The use of bitcoins and altcoins as a payment form contradicts the law on national currency.
full member
Activity: 251
Merit: 100
May 14, 2018, 04:04:54 PM
Some experts recognize the crypto currency and an equivalent replacement of the national currency and the dollar, among other things. Therefore, even now we can safely say that the replacement process is under way. And once the main problem of the crypto currency is solved - liquidity, then there will be an abrupt increase in the use of crypto currency in the calculations.
newbie
Activity: 69
Merit: 0
May 14, 2018, 03:53:43 PM
If crypto is a national currency I think it might be with technological advances and it is possible that currency can be a vital thing for a country, with its own credibility can help to move a country's economy into good, but all it must be balanced with a proven system that minimizes the risk.
jr. member
Activity: 238
Merit: 3
ImmVRse | Disrupting the VR industry
May 14, 2018, 03:33:41 PM
well when crypto are more using in the most people in this world i think bitcoin still could survive in the long term of it but still need some long time for something like that
hero member
Activity: 1694
Merit: 541
May 14, 2018, 03:30:43 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?
Bitcoins is a disruptive technology and it will change everything we see now but i do not see bitcoin or any other digital currency replacing fiat currency, we will have a system where we have to choice to spend money and that is the most important thing and hopefully we will see the future of economics changing soon.
newbie
Activity: 167
Merit: 0
May 14, 2018, 11:27:58 AM
Crypto vs national currency there are some difference.National currency there is a boundaries to send and receive but in crypto there is no boundaries.You can send  your cryptocurrency which country you want.You will receive or send instantly without 3rd party.
full member
Activity: 294
Merit: 107
May 14, 2018, 11:23:22 AM
Cryptocurrencies might be used in the future as national currencies, but it won't happen anytime soon. Cryptocurrencies are still a new piece of technology which needs to be researched more deeply. Cryptocurrencies are much faster and more secure than fiat so that's why people might actually to use them.
hero member
Activity: 1190
Merit: 534
May 14, 2018, 11:08:48 AM
Well, I believe that Bitcoin and crypto will gain a space as one of the major players in the fund transfer industry in the coming decade but as we all know that we don't have the high literacy rate when it comes to the technology and thus, not everyone would be able to use Bitcoin or crypto due to the lack of knowledge. There will be the people who will always prefer using fiat currencies irrespective of the benefits of using crypto.
full member
Activity: 644
Merit: 100
May 14, 2018, 06:30:57 AM
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's surely takes time before the crypto currency replace the national money. And it will go through many processes and discussions between the government and the citizens before it become national money in the country.

For sure, many citizens are going to rally to shout out there voice against it, because they can not afford to buy a new gadgets, they can not follow the innovation of the technology, they are lack in learning this cryptocurreny and also the poor people will loath to do it because of the level of their status.

Fiat is very important and it is become part of our daily life and I know lots people will fight for their rights in economy and against the cryptocurrency to became national money.
newbie
Activity: 196
Merit: 0
May 14, 2018, 05:16:30 AM
I think it is impossible for any crypto to replace the national currency, fiat plays a very important role in the economy, it is one that balances inflation and deflation and the national currency needs to be concentrated so as not to be abused and controlled by the rich. people imagine that in the future there is a digital currency.
member
Activity: 375
Merit: 18
send & receive money instantly,w/out hidden costs
May 14, 2018, 05:15:18 AM
Not the world replace, can we use ( enable to use ),in the near future crypto might be accepted in some  company jusy like on the example above the coffee. 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
jr. member
Activity: 406
Merit: 2
May 14, 2018, 04:55:13 AM
I think the national money will remain a popularity in the community. because it has been known earlier and has been used for longer than it is also the national currency is a legal means of payment issued by the state until whenever there will be no parties able to sue wholeness.sedangkan crypto money has no policy restrictions from the monetary authorities so that most of the community still hesitate to invest it
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