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Topic: Do you believe that digital currencies will replace Fiat? - page 8. (Read 5176 times)

full member
Activity: 628
Merit: 154
The fiat that we use at present might get digital form, but the fiat still continues its usage. Such a replacing of fiat with digital currencies or bitcoin won't take place. At present the digital currency usage is around two percentage and the rest is happening through fiat and digital transactions using fiat.
Both have their own importance, the two cannot be compared, it is unjust to say at the moment that bitcoin is leading the paper money because on internet bitcoin is used but in our daily life paper money is used for buying and selling. People get more benefit from bitcoin but still there are people who do not believe in bitcoin. So both are good in their own way
sr. member
Activity: 504
Merit: 251
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Ideally I would like to see crypto currency being used in place of fiat. As is I rarely use real money for purchases and mainly use debit or credit cards. For crypto to be used there would have to be some sort or regulations in place.
hero member
Activity: 882
Merit: 500
I know it may not be possible right now, but do you think fiat will be gone in the future?
Here the condition is really cool for the cryptocurrency Because daily lots of people are Entering in this field and also making much earnings .So probably most of the people are looking to accept the cryptocurrency at thier shop and also I know about 3-4 people whonare accepting bitcoin and also another coins for the payment system in Thier shops , so here can understand well that how the bitcoin have impact between the people to have the big Market .
But still in my opinion in the future may be new rules get laucnh for the  use of cryptocurrency and that will results into force for us to use fist currency .
Well here we are in the current time , and we should think that these things remain at thier place because if they will replace fiat then surely many people will.lost Thier job because if cryptocurrency will replace fiat then why the people will buy and sell bitcoin for the fiat .
member
Activity: 126
Merit: 10
Get your share of the future
in the future fiat money will surely be replaced by by digital currencies because modern society need everything fast convinient but also secure in all activities such as buying and selling, so digital currencies a good candidate to replace fiat money now, despite they still have advantages now but surely oneday not far from here they will defeat fiat money.
member
Activity: 102
Merit: 100
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.
sr. member
Activity: 896
Merit: 267
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I know it may not be possible right now, but do you think fiat will be gone in the future?

We all wait for day where technology will be so advance that thw world would be dependent into it. There would be time that cryptocurrency would be the most efficient form of money. With the rate of globalization, this remaining decades of the century would be critical to our future state. Cryptocurrency would play a major role in that economy and uniting the world with one currency only.
full member
Activity: 268
Merit: 100
I know it may not be possible right now, but do you think fiat will be gone in the future?

In my opinion, I think that maybe digital currency will replace the fiat money but it may take a long time to be approved, because it takes more valid reasonings why they need to replace the fiat money into digital currency. Fiat money is also been regulated by the government agency while the bitcoin and other digital currency are not held by the government. Meaning the possible of replacing the fiat over digital currency is somehow 50%.
member
Activity: 76
Merit: 10
Is Bitcoin finally stooped growing lol Great ride these days.
Fiat currencies will be transferred into blockchain or just simply die.
Currencies will become our new payment system in everyday life.
legendary
Activity: 2646
Merit: 1106
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Yes i believe that in the future cryprocurrency will exchange the fiat money today. Because as we all know crypto is very fast and smooth transaction that provides less time and effort . It could be nice if we will live in a high tech world.
For the growth population as well for the growth happening around the globe advancement is a must. Upon the necessity cryptocurrency is a must thing, but the same will never make a change in the usage of fiat which is used around the globe. Right now the global usage of bitcoin might be around 5% which is very small, so to replace fiat it needs to travel for a longer time period.
newbie
Activity: 3
Merit: 0
maybe in next few centuries, it will be a reality, but for near future, digital money and fiat money both will rule. there are many countries who won't be able to embrace the digital currency faster and they will need time.
legendary
Activity: 2576
Merit: 1043
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I think there is a possibility that fiat can be replaced by digital currencies but it will take time since many people around the world are using fiat money as a payment rather than using bitcoin. I think that if it will be replaced, each country will make its own crypto coin that will be using in their country.
full member
Activity: 266
Merit: 105
Yes i believe that in the future cryprocurrency will exchange the fiat money today. Because as we all know crypto is very fast and smooth transaction that provides less time and effort . It could be nice if we will live in a high tech world.
full member
Activity: 1218
Merit: 112
I don't think that digital currency will replace fiat currency. But, digital currency will have an influence on the fiat currency in future.
full member
Activity: 147
Merit: 100
Maybe, Remember were using modern technology so there is a possible chance to replace fiat to digital currencies and if government from all country would legalize Bitcoin. Most rich people want to use digital currencies to hide their identity but the disadvantage is government cannot track transaction if you used it for fraud or other illegal purpose
full member
Activity: 184
Merit: 100
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
jr. member
Activity: 46
Merit: 10
Could happen but highly improbable in my opinion
full member
Activity: 210
Merit: 100
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I dont think so. Fiat currencies are regulated by financial institutions and government. It is where our taxes are based on what we buy. It is also a way of government to track the illegal and suspicious activities that includes money. Big amounts of money which do not reflect one’s lifelstyle is being monitored Anti Money Laundering Council by which ceyptocurrency specially bitcoin is impossible to do. Being anonymous in transaction online has its advantage and disadvantage. But I believe that digital and fiat currency will exist side by side in our society in which they have their own purpose and usage.
sr. member
Activity: 574
Merit: 251
I know it may not be possible right now, but do you think fiat will be gone in the future?
No I think it's possible to completely replace fiat with digital currency, but the government will create it's own digital currency to use, not bitcoin and in the end it will still centralized. If you're talking about bitcoin, then it's impossible to replace fiat as no government will want that to happen.
full member
Activity: 462
Merit: 100
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.
it is true that most countries for now bitcoin is still illegal, because it can not be controlled by the government, but we do not know how to the future, because the development of the world of crypto is getting better and attract many investors to join. I can not judge it, but let's see together how it develops for the future
sr. member
Activity: 658
Merit: 256
Freshdice.com
I don't. one reason is that fiat or regular currencies are supported by the different governments of different countries so for sure, it will be more favored for the countries since Bitcoin is decentralize meaning, it is not under any form of government. So in the future I believe that cash will be still used.
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