Topic: Do you believe that digital currencies will replace Fiat? - page 13. (Read 5188 times)
I'm not sure that bitcoin will replace the role of fiat fully in the future. I still believe in the future of Fiat is still in use, although the presentation of its use is small. That's just my speculation.
I know it may not be possible right now, but do you think fiat will be gone in the future?
To be honest many people didnt know about bitcoin and cryptocurrency but iknow in the future if all people know this ! This bitcoin become our money biuase this is a new technology that can transaction faster than fiat money. 
Yes, it is possible, but only after the volatility subsides.
To be honest, there are a lot of factors that will affect such a change. The change will be slow and it will be momentous. Basically, if such a phenomenon is to happen, the entire core of economics will be wrenched out and remoulded. Bitcoin’s decentralised platform is something that is definitely new to fiat. This is an advantage and something that citizens would strive for, but such a platform brings with it difficulties. Long confirmation times and higher transaction fees are the result of such a platform. This can be seen in the example of Bitcoin. Moreover, the price of Bitcoin is quite volatile. This is, again, another disadvantage. So at the moment, I don’t believe that Bitcoin can replace fiat.
I think bitcoin will not replace fiat because fiat is our foundation of money, and if bitcoin will be more popular than fiat then it is good, and I'm sure it will happen. But I don't think it will be gome completely because it is still important for those who doesn't have access in internet.
It's quite impossible that btc will replace dollar or any fiats for now,it will only be wudely used through internet for easily transactions but in most common transactions fiat as well as bank is still needed.
Fiat as we know it is not very old, say like gold .. so it could be replaced
I think bitcoin will not replace fiat because fiat is our foundation of money, and if bitcoin will be more popular than fiat then it is good, and I'm sure it will happen. But I don't think it will be gome completely because it is still important for those who doesn't have access in internet.
I know it may not be possible right now, but do you think fiat will be gone in the future?
I think that fiat will be gone in the future but it doesn't mean that bitcoin will be the one to replace it. Are you a fan of conspiracies? If you are then for sure you know what's the world government is planning to do.
One religion, one government and one world currency. But with the one world currency, I don't know if bitcoin is the one that will be using by everybody. There might be some sort of digital currency but I'm guessing yet doubting it that it will b bitcoin
I know it may not be possible right now, but do you think fiat will be gone in the future?
Yeah it is not possible right now but in the near future it is possible that digital currency or crypto currency will over or replace fiat. Now that digital currency are beginning to gain a good reputation and starting to use trust by the sonsumers. So it is not impossible for it to replace the fiat. But i dont think fiat will not going to exist anymore. Well more people is already uses crypto currency or digital currency now. 
I know it may not be possible right now, but do you think fiat will be gone in the future?
I strongly believe that the digital currency can and with take over the place of fiat. We are now in the new age and it's the way of the future where we are already threading. Just like you mentioned, it is with time and it is creeping in gradually. Some countries are already accepting it while others are fighting against it; fighting against technology. The best in which my country is adopting is to set up a committee to investigate into Cryptocurrency and see how the government can benefit from it and make the best out of it.
I know it may not be possible right now, but do you think fiat will be gone in the future?
I don't. I only think that it will be more dominant than fiat or regular currency in the future if it is already legal to most of the countries due to its advantages. But still, regular currency will exist and will be used by people since they are using already through decades. So that's impossible in my opinion for fiat to be obsoleted by digital currency such as Bitcoin.
Yes!
Governments will issue cryptocurrencies and use blockchains that will allow them unfettered access to how we buy goods and services, when, where, from whom etc. That way they can tax and steal our money through bail-ins, inflation etc. Same applies to pensions, life insurance etc.
Call these Fiat cryptos.
Russia has published plans for crypto-roubles. Mark Carney (Bank of England) has made statements suggesting this is being considered in UK.
I believe Fiat cryptos and cash will co-exist for a transition period, while cash will be gradually extinguished.
However, anyone with any sense will protect themselves with non-Fiat cryptos (call them Porsche cryptos?), like Bitcoin. Porsche cryptos can run in parallel with Fiat cryptos, beyond government reach.
The value of this approach can be seen in Zimbabwe and Venezuaela, where citizens are trying to survive government sponsored financial chaos and hyperinflation.
Who knows, in future we might replace "cash-in-hand" with "altcoin-in-smartphone"
Governments will issue cryptocurrencies and use blockchains that will allow them unfettered access to how we buy goods and services, when, where, from whom etc. That way they can tax and steal our money through bail-ins, inflation etc. Same applies to pensions, life insurance etc.
Call these Fiat cryptos.
Russia has published plans for crypto-roubles. Mark Carney (Bank of England) has made statements suggesting this is being considered in UK.
I believe Fiat cryptos and cash will co-exist for a transition period, while cash will be gradually extinguished.
However, anyone with any sense will protect themselves with non-Fiat cryptos (call them Porsche cryptos?), like Bitcoin. Porsche cryptos can run in parallel with Fiat cryptos, beyond government reach.
The value of this approach can be seen in Zimbabwe and Venezuaela, where citizens are trying to survive government sponsored financial chaos and hyperinflation.
Who knows, in future we might replace "cash-in-hand" with "altcoin-in-smartphone"
I dont think digital currency can replace fiat, the two currencies does coexist and needed by the industry. For now there are limited transaction that accepts bitcoin and still uses fiat for payment but in time wide acceptance of bitcoin in different industry will happen and the industry will adjust but it will take time.
No this can’t be happened I know digital currency is also better but it cannot replace fiat money because if we buy things on fiat money it didn’t take time and suddenly in that time you will get that thing while digital currency will take some time because it will online and we know all about inline shopping and there is also many reasons also. 
I know it may not be possible right now, but do you think fiat will be gone in the future?
It could be replaced as digital currencies become more and more developed and many businesses and malls substitute FIAT with digital cities as a form of payment.
yes I believe because of the increasingly widespread use of digital currency today, and began the lack of public trust against fiat cuurency. I am sure in the future digital cuurency will be used for daily transactions
I was also thinking about that crypto and degital currency in the future but for now fiat money is still the best i realy loke crypto but not degetal currency
I know it may not be possible right now, but do you think fiat will be gone in the future?
I do not think it's possible because under any circumstances fiat money will still be in need, judging by the circumstances of the user it still needs, especially when making small payments
I know it may not be possible right now, but do you think fiat will be gone in the future?
No. I highly doubt that digital currency will replace fiat or regular currency in the future for it's been used through the years that have passed by different countries. Even if the world will cope up with the advancement of technology, it would be still impossible since there are governments that are not supporting digital currency. And as long as there are people or countries that are making use of fiat, it won't be obsoleted.
I dont think digital currency can replace fiat, the two currencies does coexist and needed by the industry. For now there are limited transaction that accepts bitcoin and still uses fiat for payment but in time wide acceptance of bitcoin in different industry will happen and the industry will adjust but it will take time.
Maybe, this not impossible but it will take a lot of time i guess, and there`s a lot of people who has less knowledge in technologies, there are many transaction already that doesn't need cash or fiat especially in other cities. this only proves that there are bigger chances of having a cashless society where digital currency rules.
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