Topic: Do you believe that digital currencies will replace Fiat? - page 7. (Read 5176 times)
I do not think fiat currencies will be gone in the future. In order for us to use digital currencies, we need an internet connection. Not all of us have an internet connection. See? That is the limitation. If someday fiat currencies will really be gone, not all people will surely adopt in the world where only digital currency is used.
Fiat will never lose its weight. Fiat has a nice charming and everybody loves cash in their pocket.
But we don't like coins and too much money in our pocket so we have digital coins for both
You are right the bitcoin is giving the chance and his helping the people at the same time I hope the value and the bitcoin will increase more I hope the bitcoin will give all the people the chance and the fiat is not being use by the people now at the same time I hope the bitcoin will help the people to buy all the things they want and it will increase the value of the bitcoin I can see the bitcoin is now being use all around the world. But we don't like coins and too much money in our pocket so we have digital coins for both
no, I don't believe that bitcoin can replace fiat.
bitcoin still need fiat, can't standalone. bitcoin and fiat need each other to improve the economy of a country
in the bitcoin world itself the dependence on fiat is still very large
for example: some traders exchange it to fiat, the production of hardware for bitcoin mining still depends on fiat, electricity and internet still using fiat. therefore, impossible fiat will disappear as long as we still use it
bitcoin still need fiat, can't standalone. bitcoin and fiat need each other to improve the economy of a country
in the bitcoin world itself the dependence on fiat is still very large
for example: some traders exchange it to fiat, the production of hardware for bitcoin mining still depends on fiat, electricity and internet still using fiat. therefore, impossible fiat will disappear as long as we still use it
I don't think that will happen, even now I heard that the government already throwing accusations about bitcoin so I doubt that it will replace fiat. If they work on replacing fiat to bitcoin I know for sure that it will be hard to do.
Obviously it is not possible at all to replace the physical money completely with Bitcoins. This is because the use of Bitcoins is not supported equally throughout the whole world .As per the underdeveloped countries are concerned the people there even now do not favor the use of digital currency due to lack of basic amenities.Therefore all I can say is that the uses of bitcoins can increase to greater level as per present but it is impossible thing for the virtual currency to completely take over the financial market.
I know it may not be possible right now, but do you think fiat will be gone in the future?
Ofcourse yes if govermenrs approve this but for now many goverments hate this we all know that digital currency is much faster than fiat this is peer to peer and no feees. 
I know it may not be possible right now, but do you think fiat will be gone in the future?
Yes I still believe that bitcoin will replace fiat very soon. Just like what happened to post office industry that turn out to email. This is very possible in the near future believe me it will going to happen. Promise!! I know it may not be possible right now, but do you think fiat will be gone in the future?
The cryptocurrency is more advantage than fiat money or real money because this crypto is so fast to transact no need to use bank just need a wallet only so after 5 years i'm sure that bitcoin and crypto replace the fiat.
-IMHO- what's the easiest to pay today online?
Bank transfer? Slow or pricey, cumbersome. VISA? pricey, cumbersome, risky.
PAYPAL. There, you have a middleman who makes things safe for you (for a fee of course), that can already be fed from your bank account or your VISA, can be easily updated to support any crypto.
This is why it doesn't matter (except for those who don't wanna declare their earnings) how long it takes for a transfer to be processed.
Would you really sell something through ebay to a guy paying in Bitcoins? You have zero safety, that's what Paypal is for.
If you hide your money, then yes transfer times & costs matter. But if you prefer your money to have your name on it, you want insurance & safety, you won't pay directly in BTC.
As for buying your daily bread, here too there are middlemen which you credit in larger chunks, who will allow you to pay little things instantly.
I think of these middlemen as hardware drivers, it doesn't really matter which source they feed from, and it can be anything.
Bank transfer? Slow or pricey, cumbersome. VISA? pricey, cumbersome, risky.
PAYPAL. There, you have a middleman who makes things safe for you (for a fee of course), that can already be fed from your bank account or your VISA, can be easily updated to support any crypto.
This is why it doesn't matter (except for those who don't wanna declare their earnings) how long it takes for a transfer to be processed.
Would you really sell something through ebay to a guy paying in Bitcoins? You have zero safety, that's what Paypal is for.
If you hide your money, then yes transfer times & costs matter. But if you prefer your money to have your name on it, you want insurance & safety, you won't pay directly in BTC.
As for buying your daily bread, here too there are middlemen which you credit in larger chunks, who will allow you to pay little things instantly.
I think of these middlemen as hardware drivers, it doesn't really matter which source they feed from, and it can be anything.
I know it may not be possible right now, but do you think fiat will be gone in the future?
Not at all, bitcoin is usually use in Virtual world to buy online products with the help of Internet. But fiat can use to buy little products and it doesnt need Internet at all. 
I know it may not be possible right now, but do you think fiat will be gone in the future?
I don’t really see this happening...Fiat has been circulating in the trading system for centuries. So it is unlikely that digital currencies would be able to oust fiat. If ever fiat was to be phased-out, digital currencies would have very little contribution to that effect.
Although bitcoin is a great way to earn btc to cash.. it will not replace Fiat, as of now for me im still using Fiat. Well I dont know what others used for a living. And there are also more opportunities for a job in a government and uses fiat money.
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.
I also agree with you, bitcoin will replace fiat money, but not now it happens. takes a long time to make bitcoin as a currency around the world.
I know it may not be possible right now, but do you think fiat will be gone in the future?
Maybe, Many people are now accepting bitcoin and many people are also saying that the bitcoin is an asset. There is a possibility that the cryptocurrency will replace fiat. Many leaders also are thinking about cashless society. Maybe it will happen in the future.
Believe? Yes, it's already happening, some countries that are 'unbanked' have used tokens of some sort for a very long while, now we are changing to digital assets, it will only be a matter of time before we all totally transition.. I mean, forging coins and printing polymer and plastic notes is a waste of resources if, if anyone gives a shit about the environment in which we live, anymore.
I'm really not sure, because i think it's impossible.
If that happens, this will obviously be the controversy of many people in this world.
The government will think twice if it happens, because it needs consideration and agreement from various countries who want to receive, digital currency in his country.
I think it's just a dream, because it's not easy for the government to change their fiat money into a digital currency as bitcoin.
Yup. The government will never accept Bitcoin because if everyone uses Bitcoin it is likely that corruption will worsen and may lead to the demise of the country. I think Bitcoin should be an asset and Bitcoin should not be considered a common currency If that happens, this will obviously be the controversy of many people in this world.
The government will think twice if it happens, because it needs consideration and agreement from various countries who want to receive, digital currency in his country.
I think it's just a dream, because it's not easy for the government to change their fiat money into a digital currency as bitcoin.
No. It is obvious that it will not happen. The adaptation of the digital currency will be a hard for all of citizens in our society. People are still prefer to use fiat currency than digital currency.
in the future where eveything needs to be light fast and convinient, our world surely will need a currency that can be used by whole world, by that reason digital currencies are good candidates to replace old fiat money. but this will not happen now but may be in a very long future.
No, that will never happen. In order to use bitcoin or the other coins, you need first to have an internet connection. Using digital currencies will be impossible without an internet connection. Not all people have an internet connection. Currencies and digital currencies have their own characteristics and advantages so it is better if we will use both of them together.
I'm really not sure, because i think it's impossible.
If that happens, this will obviously be the controversy of many people in this world.
The government will think twice if it happens, because it needs consideration and agreement from various countries who want to receive, digital currency in his country.
I think it's just a dream, because it's not easy for the government to change their fiat money into a digital currency as bitcoin.
If that happens, this will obviously be the controversy of many people in this world.
The government will think twice if it happens, because it needs consideration and agreement from various countries who want to receive, digital currency in his country.
I think it's just a dream, because it's not easy for the government to change their fiat money into a digital currency as bitcoin.
It can't replace fiat money. It will be hard for all of us if our world turned into a cashless society. Not all of us are capable of using the internet, let alone that they don't have gadgets to use and are now really aware of bitcoin. We've been using fiat money for centuries so it should not be replaced by digital currencies. Also, the government will not let this happen, they don't have control over this one so they do anything to prevent this.
This. Digital currencies and fiat can coexist, contrary to popular opinion.
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