Cryptocurrency Will Kill Cash ? Is this True - page 42.

wiro212

sr. member

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Merit: 260

Quote from: ziyush on February 28, 2018, 07:27:17 AM

Many Say Cryptocurrency Will Kill Fiat Currency and Creating FUD all around the Internet, According to me if this statement is correct then CR.CARD Dr, Card has done this Long back, Cryptocurrency will be used by Smart people in future and many businesses will opt this for fast transaction

It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.

Whats your view about this

good imaginination... but cash is money in the physical form of currency, such as banknotes and coins. Cash has now become a very small part of the money supply. Its remaining role is to provide a form of currency storage and payment for those who do not wish to take part in other systems., and make small payments conveniently and promptly, though this latter role is being replaced more and more frequently by electronic payment systems, then born virtual money and virtual currency.
Virtual currency can be used as an alternative to money . In that case, digital currency represents electronic money (e-money).
As such, bitcoin is a digital currency but also a type of virtual currency. Bitcoin and its alternatives are based on cryptographic algorithms, so these kinds of virtual currencies are also called cryptocurrencies. Cash is increasing in circulation day by day.. Maybe for future all transaction adopted with cryptocurrency payment but seems impossible replaced a cash became larger and a standard coin for international payment. only due alternative payment seems possible.

rickn

member

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I personally do not believe the cash will be replaced by whatever the crypto, although I hope to be mistaken.
The crypto are more to be a value reserve, as are gold or stock markets.

Loki_Project

jr. member

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Merit: 4

Maybe nothing is certain at the moment

Geoll29

member

Activity: 266

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I think cash will always be the king. No other types of currency can replace it. But cash is not practical when dealing with other people with very huge amount. Digital currency is the alternative when dealing with very high amount of money. Both cash and cryptocurrency will stay forever to serve us.

cpfreeplz

legendary

Activity: 966

Merit: 1042

People just don't like change. That's what it comes down to. They could be oppressed, screwed, have no future and just be waiting to die but they won't change what they're doing because they're either just stuck in their dead-end life and so stuck in a rut that they can't even imagine that there is a way out, let alone a way to vastly improve their quality of life over the longterm.

Cryptocurrency will take over for sure. Once we go through a few generations that are used to cryptocurrency though. Then the entire population will come to realize that they don't need a bank to hold their money, they don't even need to use their local government's chuckie cheese tokens. They can use real money.

derdemo

jr. member

Activity: 115

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I think this is true, because now is time for digital money. Buterin creator of Ethereum, said that money will digital through 15 years.

cahkalem

full member

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this will happend if about 70% peoples around the world use and believe in cryptocurrency
but, its hard to be true, because the value of cryptocurrency still use USD terms
so, this can't be happend in near time,

JENREM

sr. member

Activity: 518

Merit: 251

Quote from: Coins_Hiro on March 02, 2018, 01:16:36 PM

I don't think that crypto currency will kill cash since it'll be hard to replace one country's fiat into an unstable local currency. I am sure a lot of people will be against the idea if it happens on a certain country. If only the public were properly informed about how crypto works, I guess it'll be easy for people to switch since they already have an idea about the system.

Very correct! we cannot say that the cryptocurrency world will kill cash because we all know that countries has different system. and if it will happened it is a long process that anyone should take. It is not a joke, as what you have said mate if the people should know already about this matter then probably it would be easier for them to switch into cryptocurrency and killed cash.

sheryl26

full member

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Quote from: ziyush on February 28, 2018, 07:27:17 AM

Many Say Cryptocurrency Will Kill Fiat Currency and Creating FUD all around the Internet, According to me if this statement is correct then CR.CARD Dr, Card has done this Long back, Cryptocurrency will be used by Smart people in future and many businesses will opt this for fast transaction

It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.

Whats your view about this

For me they cannot kill cash that easy it will take a long time to kill cash especially there are some areas that cannot be accessed by the internet and the internet are not free at the all places so what will happen with those people who doesn't have enough money to have internet connection? They cannot access money if that happen because all the money will be dogitally access. As long as there are people who doesn't have phones that can access the coins they cannot kill cash.

metribitcoin

full member

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In my opinion is hard to kill cash with cryptocurrency because now there are many barrier adoption of cryptocurrency. I see now many people dont know and do not understanding what is cryptocurrency and dont know how to start with it to get benefits. They should be learn it from where, and many people confused about crypto. So they offcource will chooce cash than crypto.

IloveDigibyte

full member

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POS / PRIMENODES

Cash is already dead. Visa and Mastercard did it. Crypto is not ready to get over money yet. But in 10 years everything will be different.

kruzer200

member

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Merit: 12

= DINNGO = https://dinngo.co

I'm worried that now there are a lot of hacker attacks and if absolutely all means will be in digital form, then will be difficult to be sure that your account will not be hacked.

CrazyJoker

full member

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It will be very difficult to kill cash in developing countries where the percentage of using cash in money turnover is more. For example, small shops accept only cash there.

Balab01

member

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I think that in the countries of the third world, for a long time already, fiat money will be the main medium of payment.

Vannie12

full member

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I think it's not possible for cryptocurrencies to kill fiat money.
As time pass by, it would be possible for virtual or digital currencies especially bitcoin to develop more and maybe used often as payment through cards, mobiles, or chips if possible.
Not literally kill fiat but may lessen it's use only. I think both currencies have diffent signifant uses that each may not provide. That it will be great if we will have both in payment system. It will be more convenient. Though it may depend on situations

cryptotnak

member

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It reall can because we are in the digital age which most of the things are connected into internet,cryptocurrencies has a lot of potentials and it still in its infancy period that is why there will be a lot of room to grow.If these countries will stop banning the or regulating cryptocurrencies surely the time will come that all of the people will use cryptocurrencies instrad of the fiat currencies.

sauravrajput1

newbie

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It could be kill when all people will start buying cryptocoins then only its possible

Faeton

member

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Many banknotes of paper money say that they are obligatory for circulation throughout the country and are required to be accepted by all citizens, enterprises and organizations as a form of payment, and this is provided by the state. In every country there is always a group of people,
which will always be against compulsory settlements in the crypto currency, and this will be their right. Therefore, it is unlikely that the crypto currency will ever be able to completely displace ordinary paper money. I'm not even talking about the technical difficulties of this process.

trademark

legendary

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I don't think cryptocurrency will kill cash in this lifetime. Cash is too strong and it is accepted worldwide by everyone. You can purchase just about anything with cash. Compared to cash, cryptocurrency still has a long ways to go to be accepted by society.

Robin,Hood

member

Activity: 462

Merit: 62

90% of coins will eventually go to zero. Price wise it may take a severe beating, thats ok gets rid of the greedy

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