a person gradually gets used to paying by non-cash means, therefore, in the case of cryptocurrency, the understanding of convenience will gradually come
Topic: harmonization of fiat and crypto - page 16. (Read 23008 times)
I think that will never happen. Money will always exist even though crypto currency and bitcoin is rapidly growing. Both crypto currency and money should work together to reach good economic stability in the world. Bitcoin brings huge impact for the economic situation in several countries because the money movement is also growing up.
It won't happen at all! We are talking about fiat being replaced by crypto here and in such case we are talking about centralization being replaced by decentralization. Sure, there is no doubt that cryptocurrency has been able to give us the chance for freedom when it comes to spending, but at the same time, a time will come when cryptocurrency will just be an alternative to fiat for some people who will like to make international transactions even most of the time. There would be coexistence as someone rightly said, in which the crypto space will be regulated. Moreover, I do not expect that fiat will not one way or the other, try to integrate blockchain, so in most cases, it will all be a harmonization like the OP called it.
I think that will never happen. Money will always exist even though crypto currency and bitcoin is rapidly growing. Both crypto currency and money should work together to reach good economic stability in the world. Bitcoin brings huge impact for the economic situation in several countries because the money movement is also growing up.
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.
Yes, in this forum, great importance is attached to the issue of circulation of cryptocurrency in society and the possibility of replacing it with a regular currency. Cryptocurrency does not have the slightest opportunity to replace the national money of states. The national money of each state is directly connected with the economy of this state. The meaning of money is that they are issued for the volume of the gross product of the country, that is, for the sum of its national wealth. Cryptocurrency in general can not have any binding to the economy of a particular state and therefore in this regard it cannot perform the function of money. Although as a means of payment, a cryptocurrency can be used if it runs in parallel with the national money of the states. agree with you if fiat will not be replaced by crypto, because fiat is very dependent on the country's economic stability. it is very chaotic if fiat experiences fluctuations. fiat and crypto collaboration may make the country's future economic system, and I agree if that happens
We still need our fiat, crypto can only be an option for some transactions to make it easier but it fiat will always be useful especiall if your in your own country. yes, fiat will always be there no matter what. the fiat system has very good foundation that crypto is not yet ready for it. the high volatility in crypto is one significant factor to consider. but yes, this is really good breakthrough in the financial system. so many people already got the benefits out of crypto. as you can see, there's already collaboration going on with crypto and fiat, as you need to convert your crypto to fiat to have real value in the market as not all payment systems accept crypto.
there is no need for fiat to die in my opinion because now banks started to not carry even cash anymore and every payment is made electronically and cash has no fee for payment so I think a symbioses would be the best as you mentioned as well
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.
The future of cryptocurrency holds a lot in view with the fiats. The fiats and the Cryptos are currently having a good relationship except for which financial governing bodies might see otherwise. Though the use of fiats might decline as time goes on but it will be in a mutual method.
Though, fiat and crypto currencies might start being used side by side instead of one replacing the other. We might even see different nations trying out their own crypto currency (though i doubt they are going to be decentralized) and make them mainstream.
I think that people are working against themselves more so than governments are working against them. People really need to start looking at things differently and for once accept that fiat serves an actual purpose.Fiat can scale to become money for the entire world, while crypto can't and never should be attempting to do so. Let people conduct the majority of their transactions with fiat and leave the more important ones for crypto.
The less crap we throw into the blockchain, the longer Bitcoin can continue to be operated in a more or less decentralized manner. That's why Bcash will find out later that on-chain scaling is the wrong path to follow.
Well, I think that's the dilemma that's currently being deliberated on by the world leaders. They love this new technology but they're not willing to give up their beloved son (fiat). They'd want to make sure they don't kill the new innovation by the youngsters. Anyway we hope they all become clear so that people can trust and grow this new system.
Agree or not, it’s certain that Fiat won’t be able to be replaced by Crypto, both have their own functions which can never be replaced.
Both fiat and crypto cannot collaborate, maybe in some countries there have been successful fiat collaboration systems with crypto, but there are some who reject crypto because they considered it as a threat that could disturb the stability of fiat money of the country.
Both fiat and crypto cannot collaborate, maybe in some countries there have been successful fiat collaboration systems with crypto, but there are some who reject crypto because they considered it as a threat that could disturb the stability of fiat money of the country.
agree with you if fiat will not be replaced by crypto, because fiat is very dependent on the country's economic stability. it is very chaotic if fiat experiences fluctuations. fiat and crypto collaboration may make the country's future economic system, and I agree if that happens
We still need our fiat, crypto can only be an option for some transactions to make it easier but it fiat will always be useful especiall if your in your own country. 
I do agree with the part where you say "Fiat will die and crypto currency will take over". At least not now. Replacement might take more than few decades if that is about to happen which is very unlikely. Though, fiat and crypto currencies might start being used side by side instead of one replacing the other. We might even see different nations trying out their own crypto currency (though i doubt they are going to be decentralized) and make them mainstream.
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 think that the growing trend is that countries will try to incorporate crypto into their fiat currency more and more, in the form of national cryptos. Just like what Venezuela has done, and India and others are looking at doing.
To me, I don't think that it's very likely at all that fiat currencies will ever replaced by decentralised cryptos because the government would simply never be willing to give up their control. Centralised cryptos could potentially be issued though in lieu of paper based fiat currencies in the future.
However, there will be a place for decentralised crypto in my opinion and an extremely big one. The most likely thing to happen in the future is the coexistence of decentralised cryptos and fiat, with many merchants that would accept both currencies.
Like you said, the chances of seeing them come up with their own digital currencies is huge looking at how things have been lately with government trying to integrate the blockchain into their system, so I believe it is just going to be a conjointly scenario for the both space
agree with you if fiat will not be replaced by crypto, because fiat is very dependent on the country's economic stability. it is very chaotic if fiat experiences fluctuations. fiat and crypto collaboration may make the country's future economic system, and I agree if that happens
We still need our fiat, crypto can only be an option for some transactions to make it easier but it fiat will always be useful especiall if your in your own country. 
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.
Regardless of our desire, fiat will not disappear anywhere and no cryptocurrency, neither decentralized nor centralized, will replace it. No government will ever make such a decision. The national money of each state always reflects the state of the economy of this state and is always associated with it. Cryptocurrency is in no way connected with the economy of any state and therefore cannot replace with itself national money. She can walk only along with national money and in this plan will really coexist with her. There are no other options here.Even when we start seeing real life usage, there would still always be some instances in which fiat will always be relevant and that makes it impossible for us to see fiat go down the drain because of crypto. Government even in the long run will be using the blockchain to come up with their digital currency and maybe with that, we will get to see a new era in which we will just see the whole market going concurrently.
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 don’t think the both of them can work together. If you think they can, then how exactly do you think that is going to happen? What areas is cryptocurrency going to fill in? There is no way for both to work together. Fiat can be used both offline and online. Things are alright the way and there is nothing more we need. The both should be working differently on their own lane as they are doing now. I think the balance will come in a few generations. Now, we are the generation that is accustomed to fiat currency. Our descendants will use mostly cryptocurrencies. That's when we all will not be active market participants (someone will die, someone will be old), then the financial system will change.
right, it's still a long time for cryptocurrency to replace fiat currency. i don't think right now, given the many obstacles that must be faced. of course for short and medium term we expect many stores that facilitate payment using crypto
maybe it can happen if you look far ahead, but although fiat physically changes to crypto, the function and treatment of crypto will be the same as fiat before, but with the advantages of crypto technology.
I think the balance will come in a few generations. Now, we are the generation that is accustomed to fiat currency. Our descendants will use mostly cryptocurrencies. That's when we all will not be active market participants (someone will die, someone will be old), then the financial system will change.
Fiat currency is way too established to be replaced by cryptocurrency anytime soon. I also don't believe in people saying fiat and crypto can't coexist, well guess what? It's both existing now and both are doing fine. It may not be what we expect but perhaps this is what's meant to happen: for both to exist and be used by people for different purposes.
Yeah their both good being together, it's give ease to everyone. Being comfortable in each transactions as well an option which ever available. Jump to: