Do you believe that digital currencies will replace Fiat? - page 9.

Pinkris128

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Quote from: veraoktav127 on October 05, 2017, 05:08:26 AM

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?

if it is lost entirely it is not possible, because in the interaction there must be an exchange process, so cash money will definitely be needed and will not disappear from the market but may not dominate again

Exactly, also beacuase digital currency was not accepted by the governmenr it has many things to be consider first before it defeated the fiat. Even though it has a high value than fiat still it cant replaced it. Not all people in the world doesnt know what digital currency too. Fiat was control by the government and with the support by the law compare to digital currency that was only exist in the virtual world and many people control it.

teamjk

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eventually the digital form of money will increase it's presence over time so to replace the current ones.

The distinguish from fiat though makes me wonder

what difference from fiat has a digital currency that is issued by you or me (ie alt coins) that just set a fixed number somewhere in a code (ie 21 million or 500million).
from my perspective, none. they are both fiat in different forms

Mumbeeptind1963

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Sovryn - Brings DeFi to Bitcoin

Quote from: dsaijz03 on November 07, 2017, 07:05:30 AM

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.

Maybe in the future. We never know what will happen in the future, but i know digital currency can also used now in any payment or transferring money. And maybe some of digital currency can use in daily expenses, while the fiat is can also use because this is the money that government issued.

markk94

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yeah, kinda not possible for right now. but in the future when everyone start to accept digital currencies and the regulation is crystal clear. then maybe digital currency will replace fiat.

thesosorr

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No and seems impossible. Because fiat made and controlled by country that has power of law and recognized internationally. Among digital currencies, whatever benefits they have, they are basically constrained about legal recognition.

manismanja

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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 think it can not be lost and still exist, because fiat has a lot of availability, maybe fiat just become very cheap at all cost.

Zorbak

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I hope it will disappear but gouvernemts they'll do all they can to keep the monopoly... Future will be cryptocurrency , no doubt about this, so all gouvernemts will.create their own premined and unlimited shitcoin and try to convince population to use them.

dsaijz03

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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.

kemonojim

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Quote from: gokudera on October 30, 2017, 08:14:39 AM

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?

Not at all, different things have different uses. Cryptocurrency or Virtual money use in online transaction while Fiat money uses in Online and offline transaction. You dont need to open your data or internet to buy a piece of candy so that Fiat money is very useful too.

Exactly . actually we as citizens will see far more things and never assume that what we get online world can be used in the offline world. There are indeed some who can use, but please also note that they all have their own usability levels. Just as you say, that we must understand everything well. So the point is crytocurrency will never be able to replace the fiat, because it both has its own function.

ask

legendary

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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

Wexnident

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I don't request loans~

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 believe that this thing will happen even in the future. Bitcoin may be more oftenly used in the future than fiat or regular currency due to the advancement of technology but still, cash can't be vanished. It has a huge role to the lives of people especially to those who are not into cryptocurrency.

Sunshine90

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I recommend to watch this series from youtube: Mike Maloney - Hidden Secrets of Money

He's a funny looking guy, but the information it contains can help you to see that the current fiat based monetary system is clearly flawed.

kevpantof

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Quote from: Dudeperfect on October 31, 2017, 11:09:54 AM

Well, first of all, we should differentiate between fiat currencies, digital fiat currencies and cryptocurrencies. Now coming back to your question, I don't think even digital fiat currencies will cause any trouble for the regular physical fiat currency transactions. There will be the people who will keep using fiat currency notes even after several years/decades from now so it will be a bold statement to if we are talking about *replacement*. However, no doubt that we will see the significant rise in the volume of digital monetary transactions over the years but it won't vanish the traditional transactions at all, in my opinion.

Well I think now a days it’s a world of modern technology and I think everything is possible now a days everything is possible in this world and the way bitcoin is going so fast so there is no doubt that bitcoin can replace other fiat but you are talking about any other digital currency than I don’t think so because bitcoin have a strength to do it.

hetalraj00

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Hi Guys, This digital currency may replace Fiat, but there is a risk of a technical problem or network connectivity or some people hs less knowledge about digital or technology. Therefore, it may not replace Fiat.

Colt81

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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?

Actually, there is a possibility that digital currency will replace fiat and we all know that some store already start to accept digital money or currency so that there is a chance it would happen. In addition to that, I think fiat will not gone but in the future people will prefer to use digital money or currency.

Al Amin

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For now this is not possible, because fiat and digital will coexist for a long time. And where in the present era many people who do not understand the technology of blockchain would be difficult if all digital. It may take a long time for all payments to be digital.

oegarod

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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.

fattyforhire

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This will happen when generations completely change. Now it is very difficult to imagine, because in our world there is simply a huge number of people who do not own a computer, a smartphone and the Internet. But using only one currency in the future, in my opinion, will be very convenient. Do we live until this time, that's the question)

Dodoymabs

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Cashless community is a good but we still have to use fiat money because not all services accept digital currency especially countries that dont legalized btc due to its potential to be used for crime.How could we get profit if fiat will be gone?Fiat money will still be remain even if digital currency will dominate in the future.

Oasisman

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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?

Maybe in the far future when everyone is educated about the crypo world and the block chain technology, and all of the countries have a high end technology specially stable internet connection speed for faster processing of transactions and faster access of your e.wallet.

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