Topic: Crypto VS national currency - page 8. (Read 3027 times)
I don't think that Bitcoins can replace any national currency. However almost every contry are now moving over to use digital currencys. Thats why Bitcoins may end up as the king of all currencys, also the nationals.
At this moment, the vision of Bitcoin fully replacing money is completely absurd. Many governments around the world forbid the use of cryptocurrencies in a certain country because of fear of a budget deficit that awaits citizens. Money is too developed for this moment to leave it. People would not be able to suddenly convert their banknotes of each currency into bitcoins. What about older generations or third world countries who don't use modern devices? They could not pay for anything and it would be critical.
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.
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 crypto will not be able to replace the national currency. because since the first until now the national currency is still used and remain a valid means of payment. and everyone has used it for daily buying and selling activities. and who knows crypto only a few people and most crypto can not be used for the means of payment but for investment.
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.
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.
agree with you, it's definitely possible, but maybe it won't be in a way we imagine it to be, blockchain will definitely change our banking system, we might need more time for such changes.
Yes it is now crypto currency can not be used as a form of national money but in the future crypto currency will be bullied as the national currency so we do not worry because cryoto will develop
There must be a major difference between the national currency and the crypto currency because and national currency belongs to some specific country and the mark of the nation but where as the crypto currecy is decentralized currency it is use to some extent but can not take over to any national currency.
I think that soon the national currency will be cryptocurrency. Belarus has adopted cryptocurrency standards, and a lot of countries are going to launch their own crypto.
And I think Crypto will never replace national currency because the structure of crypto and national currency is different. Both have their own advantages and disadvantages.
Crypto currency is a digital currency know as electronic money where as national currency is known as physical currency. you can access crypto currency only with the help of internet but you can access national currency with the help of internet and with out help of internet. National currency never ban in any country but crypto currency can be ban in any country . crypto currency is decentralised in nature where national currency is not. National currency is less volatile then crypto currency. National currency can duplicated but crypto currency can't be duplicated. From my own point of view,national currency is more acceptable due to one thing or the other,but in the nearest future things can change.Crypto can overwhelm the national currency.
I don't think so, i think after gaining so, much popularity i think its very hard to replace bitcoin. Bitcoin cannot replace the national legal currency, but it can be used with the legal currency. Of course, electronic money is an inevitable trend in the future. The lack of banknotes is for people to live more conveniently. But in the end it is achieved by Bitcoin. It's hard to say that there may be a better cryptocurrency.
Cryptocurrency has its own terms compared to National currency whereas cryptocurrency has some good stuff to deal with if it gets legalized soon enough to stabilize banks all over the world. but speaking practically it is difficult to negotiate terms between Cryptocurrency and National currency. National currency has good chances to deal with all of the financial terms and condition to run the market. whereas cryptocurrency terms are a bit different compared to national currency.
It is impossible for cryptocurrencies to supersede national currencies but could support them in their use.
I hope this occurs so that bitcoin can go up in value.
I hope this occurs so that bitcoin can go up in value.
From my own point of view,national currency is more acceptable due to one thing or the other,but in the nearest future things can change.Crypto can overwhelm the national currency.
so as not to jeopardize the relationship between the currency and the national currency, the governments of some countries began to prepare for the issuance of their own currency, knowing full well that the crypto currency is of more interest than the national one. Considering that the crypto currency will severely limit the issue of the national currency, we can say that it is the crypto currency that will eventually replace all the national currencies of each state, even those who busted bitcoins and crypto-currencies in general.
And I think Crypto will never replace national currency because the structure of crypto and national currency is different. Both have their own advantages and disadvantages.
crypto vs national currency is have more difference unlike crypto are unfamiliar from other country but have a high value if learn more the value of cypto are getting a highest value to the market and the money is infinite, but the national currency is are involve money then get a limitations ,if they increase or decrease. But same as the cypto in term how to increase the price of the amount of money in currency.
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.
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.
Dependency on cryptocurrency is dependence on the Internet, and imagine if the Internet connection in one country is decided, what happens to the financial transactions in that country !? So, I think, Cryptocurrency is very difficult to replace fiat currency.
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.
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 don't believe that Crypto currencies will totally to replace fiat money simply because for me Crypto is just for investment to earn more fiat for our future spending and not all people knows how digital currencies will work specially to the poor unlike fiat currencies that even the children can use it instantly so for me it will be very impossible for the whole world to replace the fiat currency by Crypto currency just for spending.
In my opinion. digital money will not be able to replace the local currency. but digital currency can be an option for us to use as a legal means of payment. local money is a symbol of a country's fundamentals. so it is very important that a country keeps the local currency sovereign.
I think that bitcoin will not be able to completely replace the fiat money. Because it was always important for people to feel money in their hands. At first, they exchanged goods, animals, then money began to appear from wood, metal and other. Therefore, such a transition is unlikely to be real.
In my opinion. digital money will not be able to replace the local currency. but digital currency can be an option for us to use as a legal means of payment. so that digital currencies and local money will continue to exist and complement each other. because local currency is still needed for the economy in all countries.
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