Topic: harmonization of fiat and crypto - page 13. (Read 23006 times)
I agree that we won't be able to completely phase out fiat. For one thing, fiat is more convenient to use when infrastructures are still lacking for crypto currency. Now, harmonization of fiat and crypto couod happen if there is a bridge. Such bridges as taxes can keep fiat flowing efficiently even when crypto currency is eatin it up.
Both paper money and bitcoin have advantages and disadvantages, if they can be combined, then they can complement each other, but whether it is easy when the government is trying to limit bitcoin.
Not agreeing about crypto replace fiat, anyway crypto is just digital money that has no physical form basically, so having a lot of historical value possessed by fiat money I don't think the government will eliminate their official currency and will keep alive it. Crypto only needs high legality from many countries, so I am very confident that crypto can run harmoniously with fiat to build an economy that will improve and continue to grow.
I think fiat is something that should and would exist alongside Crypto. We've been talking and waiting for a major adoption wave, but IMO, crypto will attain relative stability when it has come to a sort of 'understanding' with fiat. Both will become tenders for transactions in almost equal measures. But for now, we still have to settle for making the most of Crypto and the use cases that are on the rise each day. Like only recently, I paid for my meal with Tapcoin, an alt, and it was cool to spend Crypto on basic things as food.
I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.
Fiat will die, there is no doubt about it. It will be replaced by gold. People are getting saturated with fiat money. You should understand that there is no profit by saving fiat money because the inflation will lower it's value. Bitcoin is bank's enemy and fiat money is a product of bank. I prefer like to buy good using bitcoin directly because there is no exchange fee for that.That is when cryptocurrencies come into play, cryptocurrencies are not going to allow the governments to get away with that lie anymore and people like us are going to be able to use this new form of currency all over the world without any interference by them.
The harmony of fiat and crypto must be established because both of them have good functions and have a future. This asset is very valuable for human survival. Fiat runs with the real world with people who have this belief, crypto also runs online with people who are already involved in the internet world.
I agree that both of them got a good function and need to be work together to create a better life and able to supress the poverty, fiat is used to control the inflation and crypto being used to create more income for the people, if the government agree to adopt crypto and able to balance the usage then it can create a better quality life for all people
I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.
Argue that it's okay, any government at the moment won't replace fiat with a fluctuating currency, as you say that a fluctuating currency will cause a lot of risk after all, so far no government will replace FIAT for crypto, that's just accept or legalize cryptocurrency as done by Japan and Japan and not replace. 
I believe that crypto-currency has a great future, but, to be honest, it is too early to say that they can replace Fiat. Perhaps in the future we will more often use digital currencies as a method of payment.
That depends on the user's preference. Average users of this forum are those who are cryptocurrency enthusiasts and are willing to use their crypto. But think about the whales who hold crypto for the long term. For them using their coins would seem like a joke, because thats not what they got in for. They are eyeing the long term pump and dump of bitcoin. So the opinion of use is divided among those who want to hodl and those who are willing to spend.Parting with crypto is a tough choice for many. For that I guess fiat is what people prefer.
This has been a long-standing conversation whether crypto and fiat can coexist or not, it is very difficult to prove it. The high cost of producing paper currencies increases the demand for digital currencies. In addition there are also uncertain costs that increase the cost of producing paper money. This is different from virtual money which has a much lower cost but the high cost of using digital money actually increases the demand for paper money. In this context both will coexist in the future and can be used in a balanced manner. I believe digital money has a good future and I also believe fiat will continue to be used at any time. Maybe crypto will be an alternative as a complement.
The harmony of fiat and crypto must be established because both of them have good functions and have a future. This asset is very valuable for human survival. Fiat runs with the real world with people who have this belief, crypto also runs online with people who are already involved in the internet world.
I strongly agree, where the government joins in providing the best solution to adopt cryptocurrency as a fiat companion currency. maybe by releasing a new coin with a rate of 1: 1 with FIAT in each country is the right solution, the government as an official exchange without fees that serves the exchange of crypto and fiat, it's very super
I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.
I am agree that bitcoin or cryptocurrency not killing national currency. Its different area because bitcoin recognized as digital asset or digital gold. I do believe bitcoin or cryptocurrency can side by side with national currency
I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.
We have different ideas and opinion in my own I agree it is because it would be easy to transact as always if it will be crypto will use in buying. The system will involvung texhnologies and so far it will be cool as it. Though it is hard to comply by everyone but it will through process. If they are combined, that's great because in countries where bitcoin is not acceptable, maybe this combination might change them.
It is next to impossible to combine both of them as they has totally change features and totally change use, we can take good advantages with the crypto as compare to the fiat, as we know fiat currency has been using since long but it is not that worth which can beat the value of bitcoin, so I think if we talk about value bitcoin is going to have higher value than fiat.
I believe that crypto-currency has a great future, but, to be honest, it is too early to say that they can replace Fiat. Perhaps in the future we will more often use digital currencies as a method of payment.
Fiat and crypto are both good in our economy nowadays.They can be used both, but removing fiat in favor of crypto is not easy and not acceptable.Fiat has been existing hundred years fully tested.
Everybody can have the options,fiat and crypto used as side by side.
Everybody can have the options,fiat and crypto used as side by side.
Digital currency may not completely eradicate fiat currencies but I am certain that it will stop the people's over dependence on fiat currencies to do anything. This will be achieved by the time more users have the experience with cryptocurrency in terms of speed, convenience etc.
Of course, there is no way any government will allow cryptocurrency to just take the lead in the country while eliminating fiat, and in a way also, it will be hard for them to want to eliminate something that has grown hugely worldwide and trying to go against it will just be like fighting something they cannot win.The way everyone will be happy is when countries start regulating cryptocurrency, there will always be some factions that will use it as well as some factions using fiat. Also, there is no way fiat will completely end up useless, as this is an official thing most people have been used to over the years.
Ethereum will gain. Everybody believes in this cryptocurrency. Millions are ready to invest in it. I am not sure that its price will reach a thousand very soon, but it will certainly, happen in 2019-2020.
if crypto is able to maintain rhythmic conversions and focus more on commodity assets, then they will still have a reciprocal relationship with fiat, but if the cryptocurrency tries to keep fighting with its primacy as a currency that is fully connected with real business, then it will have the potential to make fiat inflation and loss of balance
we need to think that these two currencies must remain on different paths and with different markets as well.
we need to think that these two currencies must remain on different paths and with different markets as well.
If they are combined, that's great because in countries where bitcoin is not acceptable, maybe this combination might change them.
I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.
Me as well do not certainly agree that the presence of cryptocurrency will replace fiat instead it will just set an innovative system on the part of currency which will benefit all of us who used and believes on it. I think and I believe that was also impossible to abolish fiat and be replaced by cryptocurrency because a big percentage of the whole population kf the world mostly relies on fiat currency for the reason that many nations are still not into accepting and recognizing cryptocurrency. Even if the scenario will put the statistics in favor of cryptocurrency users, still fiat cannot be replaced because the small population cannot be ignored just to take the majority decision. Also, there is an effectivity of working out using both types of currency so no reason for fiat currency to be abolish or even be replaced by cryptocurrency.
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