Do you believe that digital currencies will replace Fiat? - page 14.

gulshan1

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Quote from: acpr23 on October 05, 2017, 05:32:48 AM

Maybe, not impossible but will take a lot of time i guess, there are a lot of people who has less knowledge in technologies, once their generations passed, blockchain tech will soon be known by the world and that time fiat may be out-valued by cryptos.

Yes i am agree with you because all small transaction is run by fiat money which is not possible by digital currency. because there is thousand currency in the market. no body know that which digital currency is best. some people really does not like crypto currency and they will not use it any cost, so it can not take a place of fiat currency with 100% and never.

Visbay

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Quote from: ruskytailz02 on October 10, 2017, 02:21:42 AM

maybe yes and maybe no!
but I think bitcoin will NOT
fiat or local currencies is the one who used in certain country and it is use to audit and see how the growth of a certain country have
economy is which money will be used and to buy local to local country and local people to be paid

so I think it will not replace but instead be alternative way of money

Well I think its possible because as there was no concept of digit currency before so simple like that there is a possibility that bitcoin can replace any fiat currency because bitcoin has a strong hold in market and day by day it’s going to high and the important thing is people trust in it and day by day the new comer are joining bitcoins demand of bitcoin is going high.

cryptomium

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It will replace fiat currency eventually but I believe it will take time. Government are now taking interest with blockchain technology but it does not mean they will adopt Bitcoin. Government wants privacy and centralization. They demand the public of transparency but they refuse to do the same to them. And digital currency is one of the best way of monitoring their citizen transactions since with blockchain, all the transaction will be visible.

pugman

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dogs are cute.

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?

Idk more about exactly what can happen and what will happen, but you can be sure that block chain technology is going to be the future. A few decades down the lane we might see something that everyone is expecting to happen and what if a new system which will revolutionize the entire world and create a new world full of opportunities.

xiboothrezi

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no. although bitcoin has many advantages over fiat, I think bitcoin still can not replace fiat. fiat has a real value, not dependent on the internet when in use, can be used anywhere with the same currency.

RayvenPierre

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★Bitvest.io★ Play Plinko or Invest!

It is impossible right now for digital currencies to replace fiat. Mainly because not a lot of people use or even aware of digital currencies. Whether we like it or not most people want something that they can see or touch and it would take a long time before this change.

NelfiNovita

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for now fiat can not be replaced because as you know fiat is more widely used than btc, easy to use without needing to be swapped first. it took a long time if fiat was replaced with digital currency.

Cranidos

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I don't think so that bitcoin can be replaced by fiat. For now, bitcoin's value is in referenced to fiat. Meaning to say, the bitcoin value has equivalent price to fiat. If it replaces fiat, then we can never say that bitcoin has a high value or price because there no reference, we have nothing to compare its price.

jerlen17

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There is a possibility that digital currency can replace the fiat in the near future because little by little many of us do recognized the digital currency and the benefits and the profit that we can get from these.

gesdan

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i think maybe it will be come true, but i think bitcoin can't handle that situations, the possible digital currencies is paypal, maybe bitcoin can handle that but in short term i think it can't because all people in the world is not popular with bitcoin or other alternative coins

learner 7

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In my opinion both variants as bitcoin and fiat are necessary to us at certain moments in our life.

geopolisch

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Quote from: crismass1225 on October 06, 2017, 10:23:00 AM

Maybe in the future but I think it will take time because some governments are not yet familiar with digital currency and some countries are not that much favorable with digital currency... It think with more explanation and discussion about the advantage of digital currency over fiat people will soon be more intrested to it...

It is written in the future book surely that digital currency will replace the cash, the reason for this is there is a lot of scope of growing profit in digital one as compared to money in pockets and in coming 5 to 6 years everyone will deal in digital currency so be ready for that time and there is also a ease in using digital currency. It gives a lot as compared to flat.

VanDeinsberg12

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Quote from: detector on October 10, 2017, 04:23:00 AM

I think it will not happen because digital currencies are different compare to fiat.
As I know , digital currency or cryptocurrency just consider as alternate investation , a risky investment but they have some advantage compare fiat for example : cheaper fee and faster transaction

Please explain me how 0.0003 which equivalent to 1.473 USD at the time I'm writing for an average transaction with an average size is cheap. While with bank transfer, they sometimes don't charge anything as long you transferred into the same bank company. and one more, I can't get why bitcoin is faster while a confirmation usually takes 15 minutes while bank transfer is just few seconds after you choose transfer.

yndye

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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?

There is a possibility but it is highly unlikely because even the basic needs of the people especially in developing countries are lacking like clean water, food and electricity. The world has far more problems than focusing on replacing fiat with digital currencies. Some places may be already in advanced technologies but majority of the world still has problem in electricity which is needed to connect to use the gadget and connect to the internet as well. I believe digital currencies will co-exist along with fiat currencies.

detector

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★

I think it will not happen because digital currencies are different compare to fiat.
As I know , digital currency or cryptocurrency just consider as alternate investation , a risky investment but they have some advantage compare fiat for example : cheaper fee and faster transaction

Juggy777

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No how can digital currency eliminate Fiat, yes the digital currency are a rage but in the end we value them at Fiat only, so how can you stop using Fiat. Not everyone you'll know uses Bitcoins, and most of the government's are not keen to accept bitcoins to, plus elderly and mid age people don't like digital currency, they feel it's like a taboo, plus it takes one he'll of a effort to make them understand, it's very soon yet to say that digital currency can eliminate Fiat, it will require some massive efforts and currently I don't feel enough is done to highlight digital currency, and stop Fiat.

mevmike

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for me digital currencies or cryptocurrencies can one day become so popular that it will truly be implemented.
but if i will be asked if it will be able to replace fiat then my answer is no.
fiat will still exist due to the fact that not all people around the world has the knowledge or the capacity to use digital currencies.
there will still be those civilizations that will rather choose fiat rather than its digital counterparts.
the journey for total digital currency usage is just beginning.
we may not even see it fully implemented in our lifetime.
Cheesy

danggoron

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I do not think so. the world still requires fiat for transactions. there are still many areas that have not reached the internet. but, if in the future it can be fulfilled, chances are bitcoin can replace viat.

wartajoni

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@japanesehighschoolgirl

Digital currency is a great discovery. But the role doesn't to replace fiat. Its existence was just to complete it. Cause of that, I don't believe that fiat would be gone because digital currency replace it. Fiat will be exist. Digital currency will be exist as well. I thought someday fiat and digital currency will find its system to be exist together.

saif.shaikha

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"The Best ICO with Best ROI:: Cube"

This is the question that I have been asking myself since the time I have started reading about crypto currencies.
And this is what I believe

- No government in the world will allow crypto currencies to replace FIAT currency.
- By controlling FIAT currencies through central banks, governments control the entire economy of their countries and if crypto currencies become prominent government will loose control and will not be able to effectively manage economy and finances.
- At a maximum government can allow trading in crypto currencies like any other commodity as its value depends on demand/supply case and extract a tax out of it.

Topic: Do you believe that digital currencies will replace Fiat? - page 14. (Read 5176 times)