harmonization of fiat and crypto - page 7.

bummm

full member

Activity: 630

Merit: 100

Quote from: playboy654 on April 14, 2019, 01:23:36 PM

Quote from: yansen on October 10, 2018, 06:07:01 PM

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 both the Fiat and the cryptocurrency was been good at the future it need to be calibrated then only the future will be more peaceful and proper way of guidance will always been helpful for the changes happening to both of these coins was been positive.

The perfect financial situation for me is that a person has a good bank account holding cryptocurrencies and a lot of cash as well. I guess crypto will become as popular as traditional money.

FIFA worldcup

full member

Activity: 1134

Merit: 105

Quote from: playboy654 on April 14, 2019, 01:23:36 PM

Quote from: yansen on October 10, 2018, 06:07:01 PM

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 both the Fiat and the cryptocurrency was been good at the future it need to be calibrated then only the future will be more peaceful and proper way of guidance will always been helpful for the changes happening to both of these coins was been positive.

Fiat is already been used for ages now and it will be replaced by crypto currency. Both the fiat and crypto may be used for some time (as we are using both of them these days), but in future the use of fiat will be less and limited.

reality18

member

Activity: 938

Merit: 14

Earn more with Earn Network

Fiat and crypto will continue to coexist because the governments certainly do not want to lose control over the financial sector yet cannot bring down the development of crypto. Paper money will certainly get out of the system because they are cumbersome to carry along as compared to digital currencies. There are already some projects like HubrisOne working on merging crypto and fiat on the same platform.

kamilah147

full member

Activity: 700

Merit: 102

Quote from: oppasong on October 10, 2018, 10:56:45 PM

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.

all possibilities can happen and no one can find out and it is also possible that the government will adopt an economic system that is used by crypto currencies along with the times and technology

senin

full member

Activity: 938

Merit: 137

Quote from: Stavri on April 14, 2019, 02:14:20 PM

I also dont believe that fiat will totally die. Because there will always people that like traditional items. Such as usd gold etc. But ofcourse crypto will take a big slice from the cake.

And do not expect. Cryptocurrency will take such a piece of cake, which will be allocated to it by the states. Fiat will exist as long as there are states on Earth with conflicting economic and political interests. Until this time, fiat, especially in non-cash form, will definitely exist. As for cash, some countries with high incomes of citizens may in some time try to get out of the cash zone, I really can not say how it will end.

Stavri

sr. member

Activity: 1050

Merit: 277

I also dont believe that fiat will totally die. Because there will always people that like traditional items. Such as usd gold etc. But ofcourse crypto will take a big slice from the cake.

playboy654

member

Activity: 546

Merit: 32

Quote from: yansen on October 10, 2018, 06:07:01 PM

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 both the Fiat and the cryptocurrency was been good at the future it need to be calibrated then only the future will be more peaceful and proper way of guidance will always been helpful for the changes happening to both of these coins was been positive.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Adriano2010 on April 07, 2019, 02:52:44 PM

I also not agree and i think that both will work togheter for long time as bitcoin will be used for more and more people and governments will still want to use fiat money, because is easy for them to control it.

Forget about governments. They would never accept anything that is going to be good for the people. They just want to tax the hell out of you so that they can pay up the politicians out there who do nothing and eat away at people's money while giving false promises about doing a lot of things like changing the entire city all of a sudden.

Quote from: Xampeuu on April 08, 2019, 07:54:10 AM

with each opposing system the government still wants to maintain the current fiat currency. therefore if cryptocurrency can be coupled as a fiat supplement, I think it's good enough

Supplement is also what I feel can happen. Fiat wont go away and crypto will remain popular. So if there is better modes of transfer and a bit of leniency then it can be something worth putting your money in in case you are a nocoiner which I am sure many people visiting this forum are.

nur rochid

full member

Activity: 1050

Merit: 100

Quote from: karanggatak on April 08, 2019, 09:28:43 PM

yes I agree with you if both can walk together (crypto and fiat money) why do you have to remove one. both can support each other and the government should make a rule so that cryptocurrency is not used for criminal acts. some countries have proven the use of bitcoin and fiat money can make their country progress. like Japan and the United States.

besides, I think the fiat currency will still be maintained by the government, because we know this currency is easy to control, with its centralized system. therefore if the cryptocurrency gets a place, I think it's good

karanggatak

hero member

Activity: 1106

Merit: 506

yes I agree with you if both can walk together (crypto and fiat money) why do you have to remove one. both can support each other and the government should make a rule so that cryptocurrency is not used for criminal acts. some countries have proven the use of bitcoin and fiat money can make their country progress. like Japan and the United States.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: mrdeposit on March 16, 2019, 05:31:03 PM

I guess they are both going to be used, but as time goes by, one of them will start to overtake the other, causing the other to disappear completely and winner will be most likely crypto.

I am not sure about anything over taking either one, they will co exist and the combination of both these financial structure will make things easy for everyone, no government will not get rid of their economic system to be decentralized and hence fiat will exist and bitcoin will be another mode of payment and transaction model for international trading.

Xampeuu

full member

Activity: 1442

Merit: 116

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Adriano2010 on April 07, 2019, 02:52:44 PM

I also not agree and i think that both will work togheter for long time as bitcoin will be used for more and more people and governments will still want to use fiat money, because is easy for them to control it.

with each opposing system the government still wants to maintain the current fiat currency. therefore if cryptocurrency can be coupled as a fiat supplement, I think it's good enough

daarul50

legendary

Activity: 1596

Merit: 1034

I also often read various threads saying that crypto will replace fiat. So I immediately had thoughts like this :

"If fiat is replaced by crypto, how can we measure crypto prices in various markets because it will make it difficult for people who carry out crypto trading"

I agree with you that crypto and fiat should collaborate so that the world economy can continue to develop to advance the world financial system.

Adriano2010

hero member

Activity: 1414

Merit: 516

I also not agree and i think that both will work togheter for long time as bitcoin will be used for more and more people and governments will still want to use fiat money, because is easy for them to control it.

whirlcoin

full member

Activity: 602

Merit: 111

Quote from: yansen on October 10, 2018, 06:07:01 PM

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 development of cryptocurrency in recent times will definitely affect the normal currencies in every country but the solution for this will only the collaboration is possible with both this currencies compared to that only will make a future with a brighter economic situation and it will be possible if the government supports for the cryptocurrency

jjjfff

copper member

Activity: 182

Merit: 18

Crypto.BI

The main problem with fiat is the way the central banks decide to print money whenever the stock markets dip.

Cryptos can't be printed at will like dollars can.

Just a few weeks ago the Chinese stock market dipped hard and everyone was concerned. Suddenly the CBOC emitted U$ 200 billion in new debt, the money flooded the market and pumped the stock prices up. Everyone was euphoric.

The Fed basically does the same since 2008. Whenever the markets aren't doing well they print more money.

How is this system even legal?

There's no way you can harmonize that with the fiscal transparency of Bitcoin. You can't print Bitcoin at will whenever bankers and politicians tell you to.

akram143

full member

Activity: 1106

Merit: 166

★777Coin.com★ Fun BTC Casino!

I think if both these currencies combined together the future will be more appropriate for everyone to do proper things if they are uneducated people also to use cryptocurrency like normal currency if it was definitely happen in the future there will be lots of new things will enter into this economy and made more powerful ever.

mersal

member

Activity: 1204

Merit: 38

If the normal currencies are not been in our part of the economy it will be a huge problem for every country to survive so the people in the country who don't know about the online and the internet development will definitely don't know how to use the cryptocurrency sofa them both are important they need to learn about cryptocurrency and also the normal currency will helpful for them to make their life easily.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: anggracoin on April 02, 2019, 11:04:40 AM

Fiat and crypto will continue to co-exist because they complement each other. The government certainly does not want to lose control in the financial sector but cannot avoid crypto development. Crypto and fiat can collaborate but will not become one, both will remain harmonious and will not kill each other.

I fully agree that crypto and fiat can and probably will in future complement each other. Without fiat I cannot think of anything that can be decided up as a price determinant for crypto. Other than that its only becoming a bagholding scheme for holders and speculation of the price at which they will reach and drooling over that.

In real time how much adoption we are getting and how far merchants are willing to accept bitcoin is still far from anything good. Lets be optimistic about the future and think about new ways to promote crypto among the common folk.

anggracoin

member

Activity: 490

Merit: 10

freelanex.io

Fiat and crypto will continue to co-exist because they complement each other. The government certainly does not want to lose control in the financial sector but cannot avoid crypto development. Crypto and fiat can collaborate but will not become one, both will remain harmonious and will not kill each other.

Topic: harmonization of fiat and crypto - page 7. (Read 23008 times)