Topic: Do you believe that digital currencies will replace Fiat? - page 16. (Read 5176 times)
It can be possible that fiat will be gone, but it wont be defeated by a decentralized digital currency, it will be the same, the difference is just that we will only use credit cards and digital money. But Bitcoin wont defeat fiat, it just is not possible and Bitcoin now as it is isn't very good for a global currency.
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...
Maybe that is possible in some countries that legalized digital currencies.
But, i don't think digital currencies will replace fiat in international economy.
Maybe it will become as an alternative medium of exchange.
There are some possibilities that digital currencies can act as alternative payment method because of its convenient transactions.
The biggest problem that digital currencies encounters is there are some countries that prohibits transactions using it.
Digital currencies will replace fiat if all countries don't prohibit transactions using digital currencies.
But, i don't think digital currencies will replace fiat in international economy.
Maybe it will become as an alternative medium of exchange.
There are some possibilities that digital currencies can act as alternative payment method because of its convenient transactions.
The biggest problem that digital currencies encounters is there are some countries that prohibits transactions using it.
Digital currencies will replace fiat if all countries don't prohibit transactions using digital currencies.
It can happen but i don't think we're even alive or some of us can't even have have the power to use gadgets when that time comes because the world and its people must be
ready first before changing something like this so don't even mention or expect you'll see it. The essential things needed for cryptocurrencies to replace our usual money isn't
present right now, for example advance technology, rich economy and technology literate people--at least should be near the total population
ready first before changing something like this so don't even mention or expect you'll see it. The essential things needed for cryptocurrencies to replace our usual money isn't
present right now, for example advance technology, rich economy and technology literate people--at least should be near the total population
Digital currencies will not replace the fiat money, there are no preconditions for that. And I don't even think they were created with such intention. With further techical era development they will grow too but they will exist as a paralell financial system, not the one that would replace the current financial and economic system.
We people are now moving in technical era , more and more people are getting into technology and internet.
People are now preferring to buy and trade online , like almost every shop has an online website of its own , many people earn through that.
People .
The number of users and the acceptance of bitcoins is also increasing by a massive rate , Bitcoins surely has the potential to replace fiat . It is only a matter of time .
May be in coming decade we would see people using BItcoins to buy daily stuffs
People are now preferring to buy and trade online , like almost every shop has an online website of its own , many people earn through that.
People .
The number of users and the acceptance of bitcoins is also increasing by a massive rate , Bitcoins surely has the potential to replace fiat . It is only a matter of time .
May be in coming decade we would see people using BItcoins to buy daily stuffs
it can happen, the times are more modern, and the needs of society will follow the times, before using fiat, people used to use gold and other metals as a means of payment transactions, and now we use fiat as a means of payment, so maybe the next centuries of digital currency will be the main currency in every country around the world. But I prefer both side by side, because I think everything needs balance.
I do believe there is a slight possibility for that, but that wont be in any near future, several decades will be the fastest.
Just enjoy today progress and benefit from it
Just enjoy today progress and benefit from it
I know it may not be possible right now, but do you think fiat will be gone in the future?
I think it might not be possible even in the future bitcoin is more popular now and it is optimized using it with ease to the max they maybe have a chance to have rates not too high but bitcoin has the headstart of 8 years and secured the cryptocurrency world for having the highest currency in the whole wide world and it is nothing even beside bitcoin what is 8 years of head start to a new and starting currency i think if it is in a movie the bitcoin i the protagonist and the flat are the tagonist lol theres so much advanced ideas on bitcoin and improved a lot 
i believe that digital currencies will replace fiat but not in this two or three years later because digital currencies is still new technology and need more a lot to do to prepare to be used. but in future like more than five years later, i think digital currencies will start to used by online or offline. there are many country which is studied and learning about digital currencies and if everything is set it up, then we can use digital currencies but in the meantime we can used crypto currencies first right now.
They will coexist.
I know it may not be possible right now, but do you think fiat will be gone in the future?
Hello author! You know this is an interesting time we live in. I am happy to watch how humanity develop and destroy itself very very interesting. Also I adore the concept of block chain technology and cryptocurrency because this it something new in our day. But on the other hand it's not new. Yes, I think It could happen first in more progressive countries and after some years in the poor and hungry counties.
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.
On the other hand, the fiats will always have a place in people's heart & mind
On the other hand, the fiats will always have a place in people's heart & mind
Yes to some extent not completely.Both have their merits and demerits.Its better to have both functioning rather than depending on only one.
I know it may not be possible right now, but do you think fiat will be gone in the future?
I still don't think so, because cash can be use anytime, anywhere no matter the situation is cash is still useful than the digital currencies such as bitcoin, it can only used while you have an internet connection in order to send transaction to the network which is a major setback. it will be better to use digital currency as an alternative to cash such as paying someone over the internet or buy items on the internet anonymously. 
I read that Sweden and Denmark in a few years are going to switch to digital currency, giving up money fiat. However, I do not believe that this can be and the usual money we will not need. The society has not yet reached the technological level to such a level of development. In addition, we need a certain level of knowledge and skills in crypto currency for ordinary citizens. We will see, of course, what will happen in these countries, as it will be possible.
i believe that digital currency will be used beside with Fiat money. but it will not possible to take the place of fiat money by the digital currency. because, every government's policy involved with fiat money so they can't accept this digital currency without their fiat money. but i believe that when all the countries people will cover under the internet then digital currency will be a dominating factor in the monetary platform.
Do you mean cryptocurrency or digital currency . As far my understanding digital currency already replacing fiat currency like bank wallet and other payment wallet . But cryptocurrency bit difficult to replace fiat because crypto is lacking ease of use like day by day spend where people has to wait for transaction confirmation.
There are many forms of currency like fiat currency and digital currency. But it is very difficult to say that one currency will finish the importance of other currency. In my opinion the digital currency will become more famous but it will not replace fiat.
The credit cards already did the job. Now is the time for the bitcoin or altcoin to do their job
It is not good that fiat will replace my digital currencies, we still need fiat, because we need to use it anywhere like when buying in stores or groceries, not all companies are accepting digital currencies like bitcoin, Credit card can be but how can we pay in credit card if we don't have fiat? So, I think we still need fiat and don't imagine that fiat will disappear by replacing digital currencies. Jump to: