Topic: harmonization of fiat and crypto - page 2. (Read 23006 times)
Anyone who says "let's kill the Fiat and use the crypto» either doesn't have at least a school education or is very stupid. Why? Because "death of the Fiat" means the death of the crypto - and at the same time the entire economy as a whole. People who follow such radical cryptanarchism cannot / do not want to understand that they are aiming for a catastrophe, for a world on fire, and not for a bright and progressive crypto-future.
I agree if fiat collaborates with crypto for a better future in financial system, that's great.
What do you mean by that?
Fiat is always a part of cryptocurrencies. Without fiat it will never be in circulation since developers accept fiat to invest in this cryptos. Another thing is that without fiat Bitcoin and altcoins won't have a value since its value depends on fiats.
Maybe what you mean is a cryptocurrency based on these fiats which will be decentralized, at that case, that would take a long time.
I think fiat cannot be replaced with crypto and that's the reality.Right now we see that digital money is important because of the virus but time will come when it's over, everything will return to normal and we will use cash again. I agree if fiat collaborates with crypto for a better future in financial system, that's great.
I tend to agree with your position overall - crypto can't replace fiat, not now at least.However, I am not sure that there will be distinctive moment when everything will be "normal" again.
Chances are we're building new normal now and blockchain/crypto already sort of inlaid in our economy
I think fiat cannot be replaced with crypto and that's the reality.Right now we see that digital money is important because of the virus but time will come when it's over, everything will return to normal and we will use cash again. I agree if fiat collaborates with crypto for a better future in financial system, that's great.
The one that said fiat will die will going to die first before fiat does. The evolution of technology may be fast but not all can afford to buy digital device for digital currency. So, if fiat will be eradicated then it will be in the future where all people had digital devices like smartphones. Beside it is still better to have a fiat and digital currency as an option for doing an exchange.
There are many threads stated this but none of them all are correct and could provide any link for studies about fiat and digital currency.
There are many threads stated this but none of them all are correct and could provide any link for studies about fiat and digital 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.
Demand for this speciality has grown significantly as a result of recent corporate scandals since there is no third-party control everyone can use it as they wish so the demand for crypto is higher than Fiat and crypto will become more popular in the future but Fiat will never die. Fiat currency will generally survive depending on the country's economy even if the price of crypto goes up and down it will help to brighten the future.
So this issue for me is already settled and let us not Give False hope for others.
I agree that fiat cannot be replaced by crypto, moreover fiat death is impossible. I also believe the government does not
let fiat die, then from the best and realistic way is fiat collaborate with crypto. That's the best financial system in my opinion,
and I'm sure this will happen in a few decades.
Unless time comes that everything will be run by computer,then chance will be there. let fiat die, then from the best and realistic way is fiat collaborate with crypto. That's the best financial system in my opinion,
and I'm sure this will happen in a few decades.
I wonder why people hasn't started to think of acquiring more cryptocurrency now with the Coronavirus outbreak.
The global economy is in high recession and Fiat money is going to lose value.
It is losing value at the moment, but it will actually gain value after outbreak is over - because it will gain usage again The global economy is in high recession and Fiat money is going to lose value.
As Fiat is generally centralized its demand is low and the damage is high We can easily compensate for the loss in crypto but not in the case of Fiat Fiat currency is priced because it is stable. The crypto market is volatile so if the price goes up we can double the profit Crypto from Fiat is very popular and you can rightly say that Fiat cannot be replaced by crypto. If there is a combination of Fiat and Crypto the demand for Crypto is higher in the market.
I agree that fiat cannot be replaced by crypto, moreover fiat death is impossible. I also believe the government does not
let fiat die, then from the best and realistic way is fiat collaborate with crypto. That's the best financial system in my opinion,
and I'm sure this will happen in a few decades.
let fiat die, then from the best and realistic way is fiat collaborate with crypto. That's the best financial system in my opinion,
and I'm sure this will happen in a few decades.
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 will not replace fiat because Fiat has got the full support of the governments all over the world. Rather, fiat and cryptocurrency will co-exist under strict rules in the near future. Many cryptocurrency projects like Hubrisone and DIVI are working towards this hybrid approach to make fiat/crypto usage and conversion easy as possible for users. 
I wonder why people hasn't started to think of acquiring more cryptocurrency now with the Coronavirus outbreak.
The global economy is in high recession and Fiat money is going to lose value.
Some European countries started to acquire cryptocurrency and blockchain even before this pandemic happened.The global economy is in high recession and Fiat money is going to lose value.
Afaik Germany already use some of cryptos as financial instruments and there is a list of banks who accepts crypto as it too.
So the progress is decent already.
And we should not forget about digital yuan which is going to come in the market (only local market I guess) very soon, like during this year. China in general is far way ahead of western countries in terms of crypto adoption
If they are doing that it means we have to be faster and accumulate more. Many of us here believe in
mass adoption of crypto-currencies. And that's the future in my opinion, for 10 or maybe 20 years who
knows, we are living fast and technology is making a huge steps every year.
Harmonization already exists, people can trade between fiat and crypto-currencies in anytime. But
I believe that over time people will lose interest in fiat, younger generations will not even know what
cash is.
I wonder why people hasn't started to think of acquiring more cryptocurrency now with the Coronavirus outbreak.
The global economy is in high recession and Fiat money is going to lose value.
Some European countries started to acquire cryptocurrency and blockchain even before this pandemic happened.The global economy is in high recession and Fiat money is going to lose value.
Afaik Germany already use some of cryptos as financial instruments and there is a list of banks who accepts crypto as it too.
So the progress is decent already.
And we should not forget about digital yuan which is going to come in the market (only local market I guess) very soon, like during this year. China in general is far way ahead of western countries in terms of crypto adoption
Crypto will never kill fiat. But it will play huge role in the economic sphere. Process of the convert fiat in crypto and back should be more clear and available for all people. How much problems we have now with commissions, taxes. We need more projects, which can be like a bridge between crypto and fiat. Good example - gekkoin. Also I hope that in one day my bank will offer to buy crypto
Crypto currency running on a decentralised setting will in some way be a hindrance to this cause i don't think government will totally give in to a system where they can't control a single part of the system. But anyways who knows, anything can happen
I believe that cash money will die and replaced by digital currencies, but fiat is here to stay.
True, because it's impossible that this world will be going decentralized. Paper money would even stay but the demand will be less now that the internet is getting faster, we are at 5g now, so it's very suitable for online transaction, crypto is an online currency but as long as the government will create a digital currency, it will be use for more people than crypto.
Whether we like it or not, we have a government and we will remain centralized.
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.
But what if fiat would be sustained by blockchain technology? What if there will be a determined value of fiat money like the volume in the market of american dollar and the same amount can be available only backed up by blockchain?
I believe that cash money will die and replaced by digital currencies, but fiat is here to stay.
I think FIAT can support Bitcoin and cryptocurrencies because enough has already been accomplished for banks to consider it as a financial system that is being created and has been supported by the community. The best endorsement is the people who use it and have accepted it and that is when the banks must pay attention to it because there is a well-known dictum that says "The customer is always right".
Regarding FIAT and cryptocurrencies must exist because not everyone can access Bitcoin and cryptocurrencies. Due to several factors: technological infrastructure, knowledge, among others.
Regarding FIAT and cryptocurrencies must exist because not everyone can access Bitcoin and cryptocurrencies. Due to several factors: technological infrastructure, knowledge, among others.
I don't think Fiat will ever be destroyed because the world becomes digital Fiat will remain because it is But the mixture of fiat and crypto isn't an equivalent Some differences exist between the 2 But the virus features a detrimental effect on the 2. The crypto market has grown tons since then But Fiat is slowing down day by day. it's under the control of the govt and it improves with the economy of the country But crypto has nothing to try to to with the virus or the economy of the country.
there are high chances that we won't see fiat same as it is right now in the next decade.however I do not believe it will be btc or eth or whatever there is on top of cmc right now.
It will be digital govs backed financial instrument, basically d-usd.
Although it's a digital government-backed financial instrument there'll be coordination between Fiat and Crypto. They both got to add reverse Fiat will never end albeit the crypto is over Crypto already has Fiat.
Cryptocurrency would not replace the fiat currency, it is only a good alternative to it. It would be so hard to adjust by the country that will replace the fiat currency by cryptocurrency because there will be so many process before it happens and many people are used in fiat currency, fiat currency will still be better in cryptocurrency because it is for daily use, we can use fiat to buy foods anywhere we want, even in sari-sari store but cryptocirrenct cannot, and one thing is the volatility of cryptocurrency, the canges of value time by time which is really not good to be considered as a standard currency all over the world.
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