Topic: Cryptocurrency Will Kill Cash ? Is this True - page 44. (Read 4487 times)
Lately, a lot has been said about this kind of thing. I think that this is obvious and predictable, we must abandon paper bills, because today they will not be needed. We all can use electronic means.
If so, it will take a long time depending on what happens in the future, the currency Fiat is the bridge of the economy in the world. Right now I can only say that the crytocurrency market is like gold
A lot of things will happen in the future we can say fiat maybe will gone and cryptocurrency will only exists. Yes it is all depends on the results from the users if most will swift to crypto. A lot of users doesnt know about cryptocurrency and for now it cannot be killed fiat because it has still the vital role in the economy. 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
Eventually when the governments will start adopting cryptocurrencies these people will start using cryptocurrencies for their daily needs,buing foods and beverages will be much easier,the salary of the people would be thru cryptocurrencies,and this will only be achieve when most of the countries will truly research about the blockchain technology,the next few years most of the people will have to use cryptos for all their transactions. 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
If so, it will take a long time depending on what happens in the future, the currency Fiat is the bridge of the economy in the world. Right now I can only say that the crytocurrency market is like gold
Although cryptocurrency able act as ordinary currency but IMO , cryptocurrency are categorized as digital asset like stock exchange.
So I do not agree with OP statement because money and cryptocurrency are different and can't be compare !
~Will it kill the gold ? It's already kill the gold !
So I do not agree with OP statement because money and cryptocurrency are different and can't be compare !
~Will it kill the gold ? It's already kill the gold !
This is very possible because if the fiat system will be replaced by our digital money,i am sure that these banks will be replace by the blockchain technology,digital banks will rise and the traditional centralized banking system will soon be extinct,that is why the early adopters like us are the very lucky people whom will be super rich in the future.
This is a hard question to answer. Blockchain is great technology and we are still in the early stages of it. It still has long way until it's fully functional and it's fully usuable in real life events but why not. Honestly i don't see any reason for it to be not succesful. I don't know if it can kill the cash completely but it will be very important option as a payment method. Credit cards are already taking over the cash , i don't see why crypto currencies should not do it as well.
real cash will die, but not buy cripto.. Banks will change real cash to ecash.. more and more people will use visa or mastercard... just digital money..
but some % of real cash will always be used...
but some % of real cash will always be used...
I agree with your point. When the bank cards were introduced same things were told by people. So I believe Fiat will never die and high percentage of Fiat users will use crypto currencies as their main payment method within next 500 years.
For me it is only possible if whole population of people will get in some way internet connection cause without this it will not apply. So there is some chance but in 20/30 years.
Of course when the time comes,most of the people will be using cryptocurrencies instead of fiat currencies,the banking system will be replaced by the blockchain technology and there will no one to stop it.Most of the countries doesnt realize yet but i am sure if these countries has been cleared with the blockchain capability,surely the massive adoption will start worldwide.
Its just a question of time when digital money will replace cash. The question is just, will it be a cryptocurrency with a blockchain or just a digital money controlled from a bank. The biggest problem right now is just that so many banks will start a hard war against cryptocurrencies to stop them. Because if everybody will using cryptocurrencies on a blockchain, the banks will not earn any money anymore.
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
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
Even if it is difficult, it is possible. For example, if you look at the document of Bitcoin, the concept of Peer to Peer (P2P) in the title is a concept that has destroyed many industrial giants before. Why would the money market be rearranged in the same way?
Right now you can say cryptocurrency are just like stocks most of now used in daytrading etc.. but many new ico's are comming and may used in different kind of activities and in feature it may used in our daily life,but now no one can say anything 
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
i think it will not kill cash but both will be used in daily life because in some parts of the world cash is still needed 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
Goverments have been plotting against cash for years. They don't want anyone to escape the government control, so their original plan was to get the cash out of the streets progressively. First with the bigger bills, then increasingly lower. Once all cash is removed, they would release their closed source crypto as predict by The Economist.
What they didn't predict is that the cryptopunks would release an open source version before they could release their closed source electronic money. Nobody expect bitcoin to show up first. A lot of people don't understand that The Economist didn't predict bitcoin, but a government closed source hell.
What they didn't predict is that the cryptopunks would release an open source version before they could release their closed source electronic money. Nobody expect bitcoin to show up first. A lot of people don't understand that The Economist didn't predict bitcoin, but a government closed source hell.
Crypto is the future but that does not mean that crypto in the future will be like it is today. Cash will exist until crypto becomes as fast and easy to transfer value as simply handing a dollar to someone to buy something and we are years and years away from that. I think cash will compliment cyrpto.
We will see crypto replace debit/credit cards very quickly and the need for a bank account will completely disappear and this is what scares the banks about crypto. Once businesses starting paying employees with crypto, then why would you even need a bank account? ATMs are already starting to pop-up that will let you exchange crypto for cash and with a crypto wallet and an ATM, you can do anything you can with a debit card and a bank account.
We will see crypto replace debit/credit cards very quickly and the need for a bank account will completely disappear and this is what scares the banks about crypto. Once businesses starting paying employees with crypto, then why would you even need a bank account? ATMs are already starting to pop-up that will let you exchange crypto for cash and with a crypto wallet and an ATM, you can do anything you can with a debit card and a bank account.
Nope, the cash will never be replaced by anything. It is still the safest method to store your wealth in case if you need to buy something. But if it is comprised side by side, it will be possible to use them both in the future.
As I think it is impossible to completely kill real money, in principle. there are countries where there is no Internet, and electricity is a deficit. It is possible to limit its use, or change the percentage of the ratio in the global economy, but completely remove it - it is unreal in the coming years 70 - 100.
not really, due to the transaction fee and the time of transaction.
Imagine if you want to buy a burger priced 5$, and you have to spend 10$ for fee and wait for 1-10 hours to complete the transaction XD
unless there will be a very good cryptocoins that can handle all those problems
This is somewhat true, but I think it will not happen easily, because some people are so accustomed with the traditional transaction.However, at the same time it is possible specially in the dynamic world technology and innovation where everything is feasible. Crypto increases its demand in the market and will continue to provide quality services for all. Imagine if you want to buy a burger priced 5$, and you have to spend 10$ for fee and wait for 1-10 hours to complete the transaction XD
unless there will be a very good cryptocoins that can handle all those problems
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