Crypto could be leader in many countries and could be in pool position but fiat still exist because its need on many ways ~~
What is the reason you can conclude this one? Do you mean that crypto will be the main payment tool, while fiat is the alternative one? Honestly, I like your statement as a crypto user, but it seems hard to happen. In my opinion, the national currency must be always as the first option for payment tools in every country. So, it means crypto is just an alternative one. 
Topic: Cryptocurrency will not replace fiat currency - page 6. (Read 2471 times)
No it won't. There will always be a great number of people without access to cryptocurrency in the world. Not only this, not every country will adopt cryptocurrency as their legal tender so fiat currency will always stay relevant in the world.
I agree that fiat will stay but in my opinion crypto currencies will dominate because it is the revolutionary tech and do not forget that it is all in one package when it comes to payments, global transfers, as an asset or investment plus all the financial services it brings and icing on the cake is the deflationary nature which makes it much much superior than fiat because fiat is designed to drop in value over time.
Crypto could be leader in many countries and could be in pool position but fiat still exist because its need on many ways in developed countries we have already too much use of debti/credit cards and as few countries also working on centralized cryptocurrency so this is going to happen but fiat will still on cards as its not going any where.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.
Crypto could be leader in many countries and could be in pool position but fiat still exist because its need on many ways ~~
What is the reason you can conclude this one? Do you mean that crypto will be the main payment tool, while fiat is the alternative one? Honestly, I like your statement as a crypto user, but it seems hard to happen. In my opinion, the national currency must be always as the first option for payment tools in every country. So, it means crypto is just an alternative one. Of course, this is not what Satoshi wanted for bitcoin. But maybe things will change soon. When crypto ceases to be so volatile it can be used as a currency. I believe that this will happen over time.
That will never happen. Nothing happens in an abrupt manner. Everything changes in small steps, and thus it is impossible to change one’s position to the opposite. Or, for this, it is necessary to lay just the titanic efforts of large teams of marketers, economists and politicians and a lot of time.
Of course, this is not what Satoshi wanted for bitcoin. But maybe things will change soon. When crypto ceases to be so volatile it can be used as a currency. I believe that this will happen over time.
I agree that fiat will stay but in my opinion crypto currencies will dominate because it is the revolutionary tech and do not forget that it is all in one package when it comes to payments, global transfers, as an asset or investment plus all the financial services it brings and icing on the cake is the deflationary nature which makes it much much superior than fiat because fiat is designed to drop in value over time.
Crypto could be leader in many countries and could be in pool position but fiat still exist because its need on many ways in developed countries we have already too much use of debti/credit cards and as few countries also working on centralized cryptocurrency so this is going to happen but fiat will still on cards as its not going any where. 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?
This is a very good question.
The fact is that bitcoin is not regulated by states and state organizations like SEC, so whales use bitcoin and cryptocurrency for the pump & dump scheme, simultaneously attracting new capital of trustful investors, buying up bitcoin for 3 thousand and selling for 10-20 thousand. Without government regulation, we will have very high volatility, and in this case only crypto enthusiasts and risky guys will accept bitcoin as payment. Remember the dollar that we are happy to accept in payment in any country. I believe that bitcoin should grow the ecosystem and reduce the turnover of each coin per year by a factor of ten (both on the blockchain and in trading), so that people can stop seeing only the opportunity to make a profit in it. Otherwise, in 50 years we will see a great price, but the exact same volatility and desire to speculate with crypto traders.
Country are actively moving to eliminate cash payments. The first stage was debit / credit cards. I think that the second stage will be centralized cryptocurrencies that are under their full control
People will have the final word about this. We will be able to choose centralized crypto-currency, or decentralized. I believe in a free futurewhere we will be able to make a decision and have a freedom of choice.
I believe that crypto-currencies are the future. We still learn about decentralized system, it will take years for people to understand what is
better for us and our future, but that will happen one day, in 10 or 50 years!
Country are actively moving to eliminate cash payments. The first stage was debit / credit cards. I think that the second stage will be centralized cryptocurrencies that are under their full control
People will have the final word about this. We will be able to choose centralized crypto-currency, or decentralized. I believe in a free future
where we will be able to make a decision and have a freedom of choice.
I believe that crypto-currencies are the future. We still learn about decentralized system, it will take years for people to understand what is
better for us and our future, but that will happen one day, in 10 or 50 years!
Country are actively moving to eliminate cash payments. The first stage was debit / credit cards. I think that the second stage will be centralized cryptocurrencies that are under their full control
It is very difficult to say that cryptocurrency will not replace fiat currency. Because now days so many country accept cryptocurrency so many field. And they use it payment and received system.No body can say what happen in future.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
the purpose of the formation of cryptocurrency is likely to make transactions faster, but due to high fluctuations, it has turned into a place of investment, even today. Well, maybe 100% of crypto users, 80% of users use the crypto function as an investment, and only a few use it as a transaction tool. this happened when the government banned the use of crypto as a transaction tool. but, I think, the developments that occur will make crypto centralized and this can replace fiat positions. however, little by little, countries began to develop their coins with this system. if there is a chance that crypto will replace fiat, it will start from a country that supports cryptocurrency.
I am pretty sure people back in the day probably said the same thing about banknotes which "can't replace coins" or maybe even sooner, "cards can't replace banknotes", money constantly changes shape and form and crypto is just another example of that. I can't say that we will get rid of fiat forever, even coins are still in existence if you look at it, however crypto could become a larger and larger part of every day life, which even if it can't be called replacing it, could very well be a big alternative, or even standart. When you look at how technology improves every single day, you may end up realizing that people do use their phones more frequently nowadays for payment, still a miniscule level compared to cards, but that number grows every single day, which helps crypto because we could use our phones to pay anywhere with crypto in near future.
I guess that as cryptocurrencies and fiat money coexist peacefully in some exchanges and in our lives, there's no need to choose between these types of currencies once and forever. Not now. There are some situations when it's better to pay in cryptocurrencies and many situations when fiat money is still a better choice. I think we can use both options. Probably the invention of cryptocurrencies was a revolutionary technology but in the finance sphere, it's better to talk about the evolutional approach. I think that only after a long span of time with cryptocurrencies and DTS technologies implementations we will see the real change.
No it will never replace fiat. Does anyone really think the rich and powerful out there will give up their power just like that to the poor that bought into btc or crypto? Hah nope.
At the moment, of course, this is impossible, because a very small part of the population of the whole planet knows what cryptocurrency is and too few people know how to use cryptocurrencies, so fiat money will be in demand for a long time to come.
Even in the future mate, it's still not likely that fiat will be replace by cryptocurrency since we have a government who likes everything on their control so centralized platform will win and we have banks stronger than any financial platform. 
I do get your point bro as many people takes bitcoin as a digital gold than use it as a currency. They do this because of the scarcity of Bitcoin, that it have a potential to increase in the long run. But dont forget that there are still people using it as a currency by sending across the world, buying some stuffs online or services. It can be used as a digital currency in the future as the main goal of Bitcoin is mass adoption to be of used on everyday lives.
That means, the use of bitcoin depends on the needs and circumstances of each person, of course, it cannot be forced. Whether as an investment tool, trade commodity, or payment instrument, it is all effective depending on the needs of each person. In general, I also agree that cryptocurrency cannot completely replace fiat, but only complements. The reason is that on some sides, fiat is more effectively used as instant payment and micropayment, and does not depend on the internet. And on the other hand, which is most suitable for the digital era and its development, cryptocurrency has advantages in terms of security, privacy, and speed.
I do get your point bro as many people takes bitcoin as a digital gold than use it as a currency. They do this because of the scarcity of Bitcoin, that it have a potential to increase in the long run. But dont forget that there are still people using it as a currency by sending across the world, buying some stuffs online or services. It can be used as a digital currency in the future as the main goal of Bitcoin is mass adoption to be of used on everyday lives.
At the moment, of course, this is impossible, because a very small part of the population of the whole planet knows what cryptocurrency is and too few people know how to use cryptocurrencies, so fiat money will be in demand for a long time to come.
Jump to: