Topic: Cryptocurrency will not replace fiat currency - page 5. (Read 2471 times)
I agree that Cryptocurrency will not replace fiat currency. to implement Cryptocurrency replacing fiat currency is very difficult because Cryptocurrency is a digital currency that does not exist in real form, and often fluctuating and inflation.
As much as I support crypto currency or digital currency I don't see that happening in the next 10 years in a large scale . Although there are reports that China is preparing it own version of currency called DC/EP it will be centralised and controlled. I don't see decentralized currency replacing Fiat.
Look at what happening around. The first cryptocurrency bitcoin was invented to reduce the hassle of third party and have borderless transaction. Isn't it true? Now, look at what happening. People are more into investing it than using it as currency.
Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?
Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?
From the way bitcoin is designed, people could easily say he intended it to be used as an investment rather than transacting currency.
And as of crypto not being able to replace fiat, it's really early to predict it wont. Almost every of the countries are working one way or other to digitalize their currency and crypto is a better option as it provides transparency.
They didn't wanna recognize bitcoin as a replacement to the fiat but those countries can recognize bitcoin as a digital commodity that can be called as digital gold. Many sellers have accepted bitcoin caused by they were seeing so many potentials on bitcoin. It's slowly but surely bitcoin will be accepted as the next payment system.
The recognition of Bitcoin as a commodity in many countries has become good and positive news for Bitcoin. Because trading becomes official and opens opportunities to step into payment tools even though it is very heavy in my opinion, because the speed of Bitcoin transactions is very inefficient in my opinion.
Not just for bitcoin but other crypto coins, because recognition as a commodity in many countries is very meaningful. At present crypto has its own market that will continue to grow
We have been seeing so many cryptos created anytime and if we are trying to take crypto as a thing that will replace fiat and we don't even need a thousand crypto.
approximately,there are many traders which are willing to accept fiat currency to exchange into cryptocurrency .to replace.no. even though it is consistent process ,it is not considered as the best exchange cashing out from crypto currency to fiat due to its high fees required.
The central bank still plays an important role in driving the economy and I think cryptocurrency can be a supplement or alternative payment. There are still many people in this world who understand cryptocurrency correctly and most still have negative perceptions. But I think cryptocurrency will get a place as a means of payment because it is more practical and saves a lot of costs
Yes I believe that crypto can't replace Fiat too, the highest expectation that can happen is the live for digital currencies will increase but not to the extent of eradicating Fiat, nothing is wrong if they Co exist
Now in the world there is a general trend of some replacement of cash by their non-cash types. We are talking about all non-cash forms of payments, and not just cryptocurrency. Therefore, cryptocurrency will certainly make its role in this common process. However, our world is not yet ready for the complete replacement of paper money with their non-cash types. This is a lengthy process and it depends on many factors. Many states are now working on the issue of their national stable coins and, as one of the reasons for their appearance, they indicate precisely the positive trend of partial replacement of cash with digital currencies. We are going to a non-cash society, however, there is no need for rush on this issue.
They didn't wanna recognize bitcoin as a replacement to the fiat but those countries can recognize bitcoin as a digital commodity that can be called as digital gold. Many sellers have accepted bitcoin caused by they were seeing so many potentials on bitcoin. It's slowly but surely bitcoin will be accepted as the next payment system.
The recognition of Bitcoin as a commodity in many countries has become good and positive news for Bitcoin. Because trading becomes official and opens opportunities to step into payment tools even though it is very heavy in my opinion, because the speed of Bitcoin transactions is very inefficient in my opinion.
Not just for bitcoin but other crypto coins, because recognition as a commodity in many countries is very meaningful. At present crypto has its own market that will continue to grow
We really see how cryptocurrencies are rapidly developing and the market is becoming a global financial institution. I definitely believe in the future of cryptocurrency as a money supply.
The situation is possible but even if you go there it will take a long time, because many things must be changed starting from the regulation and speed of transactions and other things
They didn't wanna recognize bitcoin as a replacement to the fiat but those countries can recognize bitcoin as a digital commodity that can be called as digital gold. Many sellers have accepted bitcoin caused by they were seeing so many potentials on bitcoin. It's slowly but surely bitcoin will be accepted as the next payment system.
The recognition of Bitcoin as a commodity in many countries has become good and positive news for Bitcoin. Because trading becomes official and opens opportunities to step into payment tools even though it is very heavy in my opinion, because the speed of Bitcoin transactions is very inefficient in my opinion.
Not just for bitcoin but other crypto coins, because recognition as a commodity in many countries is very meaningful. At present crypto has its own market that will continue to grow
Governments are currently not ready to accept cryptocurrency as a main payment method, but crypto becomes more and more popular around the world. You can now buy many things with crypto, so it is the matter of time when everyone will be using cryptocurrency.
indeed there are currently some governments that have not yet received payments using cryptocurrency but now there are several countries that accept it and have been made as a safer and faster payment alternative, the government should not be able to prohibit the use of cryptocurrency as long as the seller accepts purchases using cryptocurrency.
Governments are currently not ready to accept cryptocurrency as a main payment method, but crypto becomes more and more popular around the world. You can now buy many things with crypto, so it is the matter of time when everyone will be using cryptocurrency.
indeed there are currently some governments that have not yet received payments using cryptocurrency but now there are several countries that accept it and have been made as a safer and faster payment alternative, the government should not be able to prohibit the use of cryptocurrency as long as the seller accepts purchases using cryptocurrency. 
yes I think so too even though some people say that crypto will be a means of payment in the future, but it seems to be inversely proportional to the fact people prefer to use crypto as an investment rather than as a daily payment.so fiat money won't really disappear.
all are not balanced with the implementation of the use of crypto on the real market. like how many shops accept crypto? when fiat is still the favorite of payment instruments that are easy to use, the chances of crypto to become a payment instrument will be very small. but when the products of the crypto project run on the market with real products, and many know and use them. I think there is still a chance. need trials such as creating a village with crypto money for all transactions and eliminating fiat in the village. there must be a trial I guess.
Governments are currently not ready to accept cryptocurrency as a main payment method, but crypto becomes more and more popular around the world. You can now buy many things with crypto, so it is the matter of time when everyone will be using cryptocurrency.
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You know how we called it? It is a speculation phase, it is pretty new technology, we have to slowly test it and adopt it. Of course that for now it is not the best solution for international payment, but you forget about decentralization, that is the most important thing! No more restrictions by banks and governments!
yes I think so too even though some people say that crypto will be a means of payment in the future, but it seems to be inversely proportional to the fact people prefer to use crypto as an investment rather than as a daily payment.so fiat money won't really disappear.
all are not balanced with the implementation of the use of crypto on the real market. like how many shops accept crypto? when fiat is still the favorite of payment instruments that are easy to use, the chances of crypto to become a payment instrument will be very small. but when the products of the crypto project run on the market with real products, and many know and use them. I think there is still a chance. need trials such as creating a village with crypto money for all transactions and eliminating fiat in the village. there must be a trial I guess.
yes I think so too even though some people say that crypto will be a means of payment in the future, but it seems to be inversely proportional to the fact people prefer to use crypto as an investment rather than as a daily payment.so fiat money won't really disappear.
They didn't wanna recognize bitcoin as a replacement to the fiat but those countries can recognize bitcoin as a digital commodity that can be called as digital gold. Many sellers have accepted bitcoin caused by they were seeing so many potentials on bitcoin. It's slowly but surely bitcoin will be accepted as the next payment system.
The recognition of Bitcoin as a commodity in many countries has become good and positive news for Bitcoin. Because trading becomes official and opens opportunities to step into payment tools even though it is very heavy in my opinion, because the speed of Bitcoin transactions is very inefficient in my opinion.
They didn't wanna recognize bitcoin as a replacement to the fiat but those countries can recognize bitcoin as a digital commodity that can be called as digital gold. Many sellers have accepted bitcoin caused by they were seeing so many potentials on bitcoin. It's slowly but surely bitcoin will be accepted as the next payment system.
The recognition of Bitcoin as a commodity in many countries has become good and positive news for Bitcoin. Because trading becomes official and opens opportunities to step into payment tools even though it is very heavy in my opinion, because the speed of Bitcoin transactions is very inefficient in my opinion.
For me fiat money still exist because it is our identity of our country while crypto will become popular and known but it can replace fiat. The reason why it cant be used as fiat because it is unstable and no fix value, not working especially in our daily lives but the good thing about crypto is can give us extra income, can used sending money. Maybe after many years of being recognize, there is possibility crypto will be used as fiat because we are now around of technology.
You are right, the currency prevailing in a country (fiat) is a form of economic independence of a country and becomes a unique identity, so it is difficult to replace. The most likely possibility is that cryptocurrency becomes the most effective payment alternative to overcome limitations that cannot be reached by fiat. We must accept technological advances in finance wisely and we must understand the relevant state regulations. Jump to: