Do you believe that digital currencies will replace Fiat? - page 10.

Osarman

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Quote from: crypteris on November 01, 2017, 05:54:31 AM

I believe so. There are lots of movies about all-digital future and there is no doubt that this moment will come at some point.
I think that in 30-40 years people won’t be using paper money in 99% cases.

Yes surely it will replace because it is giving ease and comfort to the people and is giving a chance to earn more money and save time. People are getting obsessed with bitcoin , the more they get into bitcoin more will its worth increase and obviously more profit to investors.

By seeing so many people will be attracted towards it and at some stage in future it will replace paper money in routine buying and selling.

TheRomanLegion_

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Not digital currencies but decentralised currencies. It's the decentralisation that is special I think.

AltCoinProject

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Sure! It is question like that in 1980's "Do you believe that people will video chat with handle phones?"

Delarock

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For now im not sure because fiat is the best main money in the world that can easily use to buy anything but in thebfuture i think bitcoin can replace fiat if all people know this becuase as far as now the bitcoin is not totally popular to all people.

McKane

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IF PROBLEM WITH MY TRUST THEN BRING AN ESCROW.

Quote from: crypteris on November 01, 2017, 05:54:31 AM

I believe so. There are lots of movies about all-digital future and there is no doubt that this moment will come at some point.
I think that in 30-40 years people won’t be using paper money in 99% cases.

I'm certain that the bitcoins will soon supplant the fiat since now a days the general population are trusting bitcoins and furthermore putting resources into bitcoins in light of the fact that they realizes that the cost of bitcoins will never get down and a portion of the general population make the bitcoins as their lasting activity that is the reason I'm full certain that bitcoins will supplant the fiat and afterward the idea of fiat will be vanished and there will just a single idea which will be the bitcoins.

crypteris

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I believe so. There are lots of movies about all-digital future and there is no doubt that this moment will come at some point.
I think that in 30-40 years people won’t be using paper money in 99% cases.

raisulmushfeq

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It's not like bitcoin and fiat is a rival. As USD and EUR are not rival, not any other currency is against one-another. It is also true that no currency lasts forever. I see a future where multiple currency may exist. Where bitcoin is a means of payment and exchange just like any other fiat currency. We will just have to wait and see..

Dudeperfect

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Well, first of all, we should differentiate between fiat currencies, digital fiat currencies and cryptocurrencies. Now coming back to your question, I don't think even digital fiat currencies will cause any trouble for the regular physical fiat currency transactions. There will be the people who will keep using fiat currency notes even after several years/decades from now so it will be a bold statement to if we are talking about *replacement*. However, no doubt that we will see the significant rise in the volume of digital monetary transactions over the years but it won't vanish the traditional transactions at all, in my opinion.

Kid zeus

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If we talk about the future there is a possibility that Crypto currencies like BTC and ethereum will replace fiat in all the countries possibly,with such growing trends in these currencies , they will surely overtake the fiat. Even the statistics say this and this is all possible because of the relative advantages of the BTC. some of them are enlisted
below :-
1. Being digital there is no risk of theft physically
2. its easy to access and is efficient
3. the citizens no longer need to carry tons of cash one click will be enough for even a million dollar transaction
including the above,there are many advantages of BTC over the fiat of various countries and sooner or later BTC will overtake the fiat on the globe.

Taskford

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I don't believe that digital currencies will not replace fiat because what is the sense of replacing fiat if the fiat is still working fine and doing its job? Digital currencies are just the faster version of the stock market because it gives faster results in profit rather than the stock market and for me that is all about the digital currencies and it will not get into the point where it is about to replace the fiat.

VeronAncient

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i dont believe what you say. it cant be happen.
government wont take that step. change cash with cryptocurrent, and they will choice good cryipto to replace cash.
where they put cash? throw away or keep until it needed again?

salihno71

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Quote from: Lyancy001 on October 02, 2017, 12:52:25 PM

I know it may not be possible right now, but do you think fiat will be gone in the future?

Not fully. There is an obvious effort from the institutions to reduce the amount of cash used for payment and to go electronic instead. This opens space for cryptos. But cash cannot be traced and you don't need anything technically advanced nor internet to use it. Therefore it will be used for quite some time.

gabmen

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Quote from: gokudera on October 30, 2017, 08:14:39 AM

Quote from: Lyancy001 on October 02, 2017, 12:52:25 PM

I know it may not be possible right now, but do you think fiat will be gone in the future?

Not at all, different things have different uses. Cryptocurrency or Virtual money use in online transaction while Fiat money uses in Online and offline transaction. You dont need to open your data or internet to buy a piece of candy so that Fiat money is very useful too.

Exactly. Logic would tell us that not everything you can do with fiat can be done with bitcoin. Simple transactions like buying candy doesn't need online access and it would be more of a hassle if you have to go online to perform very simple and basic transaction

OrcaTech

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Of course no. A powerful infrastructure is needed for mining and accepting bitcoins. Crypto will be a currency for geeks. No more.

moamin77

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JACS.tech

No they won't!
They'll live together (I mean Crypto & FIAT currencies)

rafajunior99

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I see the development of Bitcoin getting crowded in the community, but I do not know for sure in the future whether digital money can replace fiat or not, Maybe if the whole world is already using digital currency to transact, it may be very easy to move or convert fiat into digital currency to the whole world.

Omang7778

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I believe that bitcoin in the future will have enormous power and can also be used to perform financial transactions in various sectors. maybe bitcoin could be a highly desirable currency in the future. but to replace real money / fiat I think it will be very difficult. there must be a highly supportive infrastructure for transactions. because the fact may be in the future also there are still areas that still want conventional transactions, all will be affected by the culture of citizens in a place. for urban areas I am very sure this could have been realized. but the conclusion that fiat is still needed in the future and can not be eliminated completely.

gokudera

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Quote from: Lyancy001 on October 02, 2017, 12:52:25 PM

I know it may not be possible right now, but do you think fiat will be gone in the future?

Not at all, different things have different uses. Cryptocurrency or Virtual money use in online transaction while Fiat money uses in Online and offline transaction. You dont need to open your data or internet to buy a piece of candy so that Fiat money is very useful too.

similarcryptos

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This question has been answered quite a few times in this fourum
Still the answer will be no.
because.

Fiat currenct have its own use and needs ,you cannot deal with government with cfrypto do you?
Crypto have its own advantage but still ,it flactuates a lot .No one has any control
And crypto is not user friendly at all.

There are more reasons but these are the biggest reasons that crypto will and might never replace the fiat.

ronafurw

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Quote from: Manchumichael on October 28, 2017, 10:58:11 AM

In future, all transaction will be done in digital but don't know how many days it will take. not sure that these digital currencies will replace fiat.

Yes it is obvious that one day bitcoin will replace all other currencies, fiat or paper because in the near future all the people will use only on currency for their day to day life and that will be only bitcoin. All the other currencies of the world will disappear. The use and buying and selling of bitcoin will be so easy that nobody will face any hurdles in this respect.

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