Crypto will ever replace Fiat? | Bitcointalksearch.org

rodel caling

full member

Activity: 952

Merit: 104

Quote from: CryptoLaw on November 03, 2015, 05:26:32 AM

Actually I don't think crypto will ever replace fiat, I think they will co-exist to serve different purposes.

What is your opinion?

In my opinion only time can tell because crypto is too young currency than to compare fiat, maybe someday crypto become world currency. So,let's wait crypto goes into matured.

akeegan

jr. member

Activity: 236

Merit: 4

I think that is the million dollar question that everyone keeps asking... do we think it will replace fiat? Maybe over time but definitely need to work out all the kinks of the current state of crypto. lots of new laws, usability issues and dealling with governments

funnychain

jr. member

Activity: 50

Merit: 4

Quote from: Red Fish on September 09, 2018, 08:23:05 AM

No, I think it will not happen, because crypto is not usable at shops. If you use Bitcoin - transaction is too slow, if you use altcoin - there is not Nr.1 altcoin currently worldwide, so shops can not decide. Grin

I think it will happen as for credit cards.

The bigest altcoins will get adopted by stores depending on the region and then we can be able to pay with our crypto wallets

Red Fish

sr. member

Activity: 435

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No, I think it will not happen, because crypto is not usable at shops. If you use Bitcoin - transaction is too slow, if you use altcoin - there is not Nr.1 altcoin currently worldwide, so shops can not decide. Grin

funnychain

jr. member

Activity: 50

Merit: 4

It really depends on what you mean when you say replace Fiat. This two thing are different, we will probably never use crypto for small transactions but for sure we will be using it in the financial traiding system as is happening right now

There are a lot of articules talking about this and the most incredible is that fiat is also most of it digital now like crypto.

KIROMATH

newbie

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Quote from: Idaujotaite on June 11, 2018, 03:23:07 AM

I don’t think the government would ever allow that

Yeah because if that happens the governments will never have the control over there economy

KIROMATH

newbie

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Quote from: CryptoLaw on November 03, 2015, 05:26:32 AM

Actually I don't think crypto will ever replace fiat, I think they will co-exist to serve different purposes.

What is your opinion?

Crypto is great and has more features than fiat but I don't think the world and countries will allow fiat to replace with cryptocurrencies

Sanos

newbie

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Maybe in like 100 years perhaps. I doubt it would be BTC though.

DJHaywire

newbie

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Cryptocurrency is still viewed on as an asset and treated like bonds in the stock market. It removes power from the government and is entirely dependent on people.

First, crypto os bought to be CONVERTED LATER INTO FIAT. that defeats the whole purpose of Cryptocurrency

Besides if crypto poses a threat to the government financially, they'll ban it and from there, downhill goes crypto. Not everyone is tech savvy enough to know how to trade on the darkweb

pandacrypt

newbie

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The point that each crypto is limited.
If it replaces fiat imagine that u will not get a higher salary or will not be able to put a higher price on goods u sale only if you play with other currencies.

Fiat could be extra printed.

As for me if there be any replacement then we will back to the same as we have now with fiat but in cryptoworld.

Heavo

newbie

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Maybe in like 100 years perhaps. I doubt it would be BTC though.

Peros

newbie

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I like to see new store who accept bitcoin.

Heavo

newbie

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Not exactly to replace and not tomorrow but the fiat will eventually evolve into crypto form.

Idaujotaite

newbie

Activity: 42

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I don’t think the government would ever allow that

jrrhnjco

newbie

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It is possible

cupobomby

newbie

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I see that crypto will not be easily replaced with fiat, and I believe it is not possible.

jenny58

newbie

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My gut tells me that we will see crypto take over fiat. We may still be a few decades away, but eventually it will happen.

lenbala

newbie

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I also believe that crypto will never replace fiat. Each currency has its own advantages.

Aserg1

newbie

Activity: 33

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I am positive it will

userbiseti

newbie

Activity: 60

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In the near future it will

Topic: Crypto will ever replace Fiat? (Read 2671 times)