Despite some desires cryptocurrencies will not replace fiat. That is not their purpose and it's not necessary.
But fiat and cryptocurrencies could successfuly coexist together with some conditions. Regulation and adoption by governments is one of them. Also adoption by businesses and better education and awareness by all users.
Topic: harmonization of fiat and crypto - page 18. (Read 22987 times)
I want it but seems it will never happened that fiat are established since hundreds years ago and government already make fiat as one of the economy tools but although crypto came with several features which possibly to beat fiat but government will always be attempts to eleminate crypto from people life but indeed if fiat can collaborated with crypto i think most people will feel the benefit from it
Countries who accepted or those who did not legalized nor banned cryptocurrency feels the benifit of the both, using cryptocurrency and fiat, they are both benificial in a way that sometimes they are competing with one another. I said so because the characteristics of fiat can be done by the cryptocurrency and crypto is much more improve and impressive than fiat.
Fiat or crypto can not beat up one another. In future, financial system will be more complex. Since there are many risks of crypto, there will also be government based cryptos and they serve to give them control and visibility on transactions.
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.
in my opinion, the harmonization between crypto and fiat currencies is very closely related, because most buying and selling transactions are still carried out in fiat currency, while crypto currencies are only used as investment commodities such as gold and silver then sell them into fiat currency and are used for daily transactions
As I've said before, digital currency has a bright future ahead, with a secure transaction, no middle man for the price manipulation and a fast way of payment method. But it doesn't mean that crypto will reason of fiat's vanishing. I cannot think that fiat will vanish anyways, not all of people can access to internet, where is main environment of cryptocurrency. Fiat will always be there.
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 always believe that fiat will side by side with cryptocurrency. I am agree that fiat will collaborates with cryptocurrency because crypto have advantages than fiat and can use anywhere as long there is internet connection
in my opinion fiat will never be replaced by crypto, maybe just maybe crypto will dominate in the future, we just do not know yet but it will never replace i mean fiat will still exist just like gold and silver nowadays.
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 always believe that fiat will side by side with cryptocurrency. I am agree that fiat will collaborates with cryptocurrency because crypto have advantages than fiat and can use anywhere as long there is internet connection
Fiat obviously will not die. We are talking about evolution of money here and fiat is just a system which is centralized, and the fact that government in the long run will definitely come up with their own ways of getting to build their currencies on the blockchain does not mean they will come up with a decentralized entity as we all know they will always want to be in control.
The mass needs centralized money because they have no clue about how to take care of their finances in a responsible manner. Them using decentralized crypto currencies is a guaranteed way to lose money.Every day people get their bank accounts emptied, send money to the wrong recipient, get scammed on internet, and so forth. All these average joe mistakes can't be corrected if there wasn't centralized money helping them recover it.
I will always keep using fiat even if crypto becomes globally accepted as medium of exchange. Locally it's definitely fiat that will maintain its lead, where online and cross border transactions is where crypto shines.
Why choose one option when you can have both working in your advantage without any problems?
I guess Cryptos will here to stay as fiat is more useable nowadays. Government will control every entity in the planet, but peoople will study what's the benefit of using cryptos and how it will change the entir monetary system.
Harmonization of fiat and crypto where both currencies are existing side by side is what I feel can happen. Cryptos will hardly replace fiats, certainly not this world we live in. Fiats are symbolic of different countries they emanate from. It's their identity and what makes different governments powerful as they have absolute control over it. Central governments of countries will not be to have control crypto as a currency, this poses a big problem.
The thought does not leave me that a cryptocurrency is a new stage in the development of traditional money. It is quite possible that in time the electronic currency will completely replace Fiat, but this will certainly not happen in the next couple of years.
i think that is a good idea, fiat can be used on local transaction, but for global transaction, it can use bitcoin. so the transaction among countries can be more efficient
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.
Cryptocurrency is generally not able to replace the national money of states. Therefore, fiat will not disappear, at least in the near future. Cryptocurrency can only go in parallel with the national money of other states, that is, in the future it will have to coexist with national currencies. Only in this way can it benefit the state. This is evidenced, for example, by the positive practice of using cryptocurrencies in Japan. 
I agree if crypto and fiat collaborate, because it will be mutually beneficial, but if crypto can be received in the government, I think there must be control rules. so crypto usage is really on a good track. during crypto is still running on the system that is decentralization. I think the government will not add crypto.
if it is made to collaborate both fiat and crypto for the future it is very good because later many countries that do not accept crypto will accept crypto for the collaboration thus this system will be more secure and all people will want it to join the cryptocurrency world.
As far as I am concerned USDT is fiat even though it is on the blockchain and so is any other stable coin. According to the dictionary, fiat is a formal authorization or proposition; a decree. It is more or less not the cash itself and as long as that decree can be placed on the blockchain, where we get to have centralized digital currencies, then, we know fiat will still be in play. What I see in the long run is centralization and decentralization going hand in hand within the crypto sphere but there is no way on earth that government will integrate decentralization protocol into the system.Fiat obviously will not die. We are talking about evolution of money here and fiat is just a system which is centralized, and the fact that government in the long run will definitely come up with their own ways of getting to build their currencies on the blockchain does not mean they will come up with a decentralized entity as we all know they will always want to be in control.
In the long run, physical cash would probably get eliminated, but one thing with fiat, is that it would still be around, but sure, there will always be an alternative of some sort which is where decentralized cryptos will come in.
A very deep calculation is needed if you want fiat to be replaced by crypto, because if you see that fiat is very strong very large in the development of a universal economy in the outline, of course it can withstand economic stability in the world, with strong values it is an advantage to always survive in its position, don't be easy in every aspect of the world economy, if there are defects that will affect all countries, and I don't think that crypto is the main solution in handling in the future, fiat is still the heart of the economic power of every country.
That is right now. We are using fiat money to switch to electronic money and vice versa. This is the most harmonious combination because fiat money is of its own value and it is operating in a foreign exchange market, much larger than the Crypto market. I do not expect change, I just want it to remain so and grow stronger on the blockchain technology.
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 believe fiat money still exist and crypto can be used for payment in merchant. Collaboration between crypto and fiat can create new economic system and i am believe fiat and crypto can run side by side
When you say collaborate you mean that cryptocurrency and fiat will become as one? I don't think this is possible. Mass adoption of bitcoin alone will be confusing enough for the public, how much more if they collaborate? I don't think people will be that accepting. That said, I could see both being used, like an option to use one or the other.
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