Do you believe that digital currencies will replace Fiat? - page 15.

cengsuwuei

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Quote from: yojodojo21 on October 09, 2017, 06:59:06 PM

There is a Rumor That After 5-10 years all people should use Microchip
and it has, actually nowadays in different companies,

and, by this case, if the time comes that all people are using microchip,
Then Bitcoin will also be use because fiat will be seen no more
so bitcoin will be the digital currency use for buying any things that a person needs.

So, I believe That After how many years bitcoin will be the new currency.

only country familiar and high technology can use mircochip payment, sample japan and USA
but international payment export and import still need dollar fiat money

drwhobox

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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?

It won't happen. Fiat is something that represents a country and it's currency. But, it can be some countries seconed currency next to fiat thats posible for some countries.

chickenado

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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

It could happen maybe. If all the system will be cahnged into a very modernized technology like the banking system so it is possible to happen. But if they don't change it then it will just be the same. There's no improvement at all and the money that will be transacted won't that be easy to access. However,if bitcoin will prevail as a replacement for fiat then that's a great idea somehow. There will be no problem for any cash out. On the other hand,there are many things to encounter like hacking info from the internet system. There must be security assistance on this or they must provide so that many investors will trust in bitcoin system as digitized currency.

ruskytailz02

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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

yojodojo21

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There is a Rumor That After 5-10 years all people should use Microchip
and it has, actually nowadays in different companies,

and, by this case, if the time comes that all people are using microchip,
Then Bitcoin will also be use because fiat will be seen no more
so bitcoin will be the digital currency use for buying any things that a person needs.

So, I believe That After how many years bitcoin will be the new currency.

S A KHAIR

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I think It is not Possible, Actually we need both of Bitcoin and cash money. It is not possible to replace fiat.
Actually Blockchain technology is a fear process and it in not stable globally, and no govt. will agree to accept a fear, untraceable exchange service for their people. Electronic currency can never replace real money.

Gunpaycity

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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?

Fiat will not disappear in the future, because people will definitely need it for a sudden shopping or small shopping, and not in any place as well as virtual money so fiat money will still survive

Akash1243

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Bitcoins replace will be almost impossible as of now or in near future because fiats are used mostly everywhere,they are know and trusted by people who use it and also that the are quite convenient for daily needs and buying stuffs near by.Also that different fiat has its own values according to its market and economy which will be quite impossible to replace all this to bitcoins and I also don't think so that there any need to as both are great at what they do, bitcoins are great for large amount transfer to who ever with minimum fees to any part of the world.

Hamilcar

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It's not possible at least for the near future. There are many places in the world not even covered with internet and they don't hear about bitcoin.
Maybe it can replace fiat in some places like taxis, hotels, restaurant, ..

chichan13

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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?

Globalization reaches out rural areas in attempt to urbanized them. But it is not fast enough because of several factors. Crypto currency cannot fully replace fiat unless everyone is in favor using it. There are government officials who doubt the idea of using crypto currency. With the issues that BTC faces right now, it is not yet capable of trying to fully replace fiat since its value is also dependent to the demand. May be in the future, where every one already have enough knowledge about btc and every city/town have a more advance tech.

Irvinn

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I still think that the digital currency can not completely replace conventional paper money. Recently I read that Sweden and Denmark after a few years completely switch to the use of digital currency. I do not believe in the successful outcome of such an experiment. Fiat will long walk along with the crypto currency.

FaithETH

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Yes. I believe that cryptocurrencies are going to replace cash in the future. We already have bank accounts in which we have digital money! I would say that cryptocurrencies are much safer than fiat stored on bank accounts. We are our own banks, we are responsible for security of our money and I'm optimistic about it. Strong encryption can't be easily cracked.

Pleione527

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I think it is possible that digital currency replace paper money though full adaptation cannot be implemented 100% due to some factors like difficulties for poor and uneducated people still this can be a major currency that can be accepted world wide.

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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?

I don't think so. Because Digital currency is now more popular and well known all over the world. It's a big foundation between all the people. Fiat will not replace Digital Currency. Fiat can not it. Because the digital market is an open source platform around the globe. Somebody or someone can make it true.

Opquar

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It can replace fiat as the most used method for transactions, but not kill it entirely. Fiat still has clear advantages over cryptocurrencies such as not needing electricity and internet connections. There are simply some situations where fiat is more convenient.

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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?

No, fiat will not be replace because it is already build a deep foundation between all the people. Fiat is very convenient to use by the old people, poor and rich people or even the children can use it easily unlike bitcoin you will need the internet, digital technolgy and most of all the computers to do the transactions before you can use it to purchase but i hope it can be replace someday when all people will only rely to the computers.

xSkyer

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It may happen some day and I hope it will. Banks earn a lot of money on people who don't know what they are doing. They have a lot of fees, especially when you are abroad and you have to pay in a different currency. If you are using Bitcoin you have to pay a small transaction fee and buy a hardware wallet if you want to be more secure! It's not even necessary because you can use Electrum and encrypt your private keys.

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Quote from: Md Saad on October 05, 2017, 09:02:12 AM

i think so. with the help of technology, digital currency are replacing the position of fiat money, but it is basically happening in the developed country.day by day Bitcoin is becoming a profitable system which provides a lot of profit to the people. also day by day Bitcoin is getting accepted by the many platform. so that i can say that besides all other digital currencies, Bitcoin will replace fiat money in the future.

This has already began and the total takeover will happen in near future because world sees the benefits in digital currency and it gives more room to earn faster whereas cash is just fir buying and selling, as by seeing the popularity of bitcoin one thing is clearly predicted that the cash era will be end soon and world will be shifted toward the crypto currency.

Bitcoinsislife

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Yes I believe because it is now gradually recognizable. So we expect that much will be good and it will be near. Our payment method can be changed. And our main money will be crypto

Kevondo

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Quote from: green547 on October 05, 2017, 08:32:12 AM

come on the central bankers and government would never let this happen.

Yes the banks don’t like bitcoin because they know the value of the bitcoin will be very high in the short time. The banks are not ready for this then it does not matter because the use of the bitcoin is now very common all around the world and as the people are trusting bitcoin the fame and the popularity of the bitcoin is also increasing.

Topic: Do you believe that digital currencies will replace Fiat? - page 15. (Read 5188 times)