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 I agree with you if the government allows crypto and fiat together to be good. but I think it is difficult for the government to legalize crypto. because they were afraid that crypto could threaten the government's banking system. and fluctuating crypto values will be difficult if used as a means of payment for goods and services. so for now crypto in my country is only used for investment and trade.
Topic: harmonization of fiat and crypto - page 9. (Read 23007 times)
New systems in the world of economics are not a threat, but a new system such as bitcoin must be adopted to help overcome problems when using fiat currencies. I imagine in the future there will be digital form like a crypto, this will be a very perfect progress in the world of economy.
Harmonization is what will enhance the existence of the cryptocurrency, this will only happen when government globally has a stack in the decision making for this to work out, thou crypto is still evolving and this might not happen soon.
For the future, it can happen using fiat and crypto together, where there are no more problems because fiat is a traditional payment while crypto functions digitally. People are welcome to choose which one to make payments.bitcoin then use it without vilifying fiat and vice versa, we can use both and thats much better
I dont think fiat will replaced by crypto. There is no institution control bitcoin and thats why hard for bitcoin replace fiat money. Fiat money always needed by government because its more easy to control the price and its related to economic growth
I forsee an increase in the adoption rate in the near future that will takes place through regulation and policy formulation, which will allow both fiat and CRYPTO to be traded with ease, with both adding value to each other
indeed for the closest step is crypto can be traded on the stock exchange. but there are still many countries that have not been able to legalize it for transaction tools, so that side by side or as another option in payment still needs more time. hopefully with a high level of trust, the government will legalize paymentThere are many other things that the crypto world must do to trust all of your governments in the world because it is true that there are some countries that do not agree with crypto in their country.
I forsee an increase in the adoption rate in the near future that will takes place through regulation and policy formulation, which will allow both fiat and CRYPTO to be traded with ease, with both adding value to each other
indeed for the closest step is crypto can be traded on the stock exchange. but there are still many countries that have not been able to legalize it for transaction tools, so that side by side or as another option in payment still needs more time. hopefully with a high level of trust, the government will legalize payment
I forsee an increase in the adoption rate in the near future that will takes place through regulation and policy formulation, which will allow both fiat and CRYPTO to be traded with ease, with both adding value to each other
Harmonization is what will enhance the existence of the cryptocurrency, this will only happen when government globally has a stack in the decision making for this to work out, thou crypto is still evolving and this might not happen soon.
For the future, it can happen using fiat and crypto together, where there are no more problems because fiat is a traditional payment while crypto functions digitally. People are welcome to choose which one to make payments.bitcoin then use it without vilifying fiat and vice versa, we can use both and thats much better
Harmonization is what will enhance the existence of the cryptocurrency, this will only happen when government globally has a stack in the decision making for this to work out, thou crypto is still evolving and this might not happen soon.
For the future, it can happen using fiat and crypto together, where there are no more problems because fiat is a traditional payment while crypto functions digitally. People are welcome to choose which one to make payments.bitcoin then use it without vilifying fiat and vice versa, we can use both and thats much better
What I feel is that, if crypto can also be in hard copy as Fiat, withdrawable from the ATM it will work. But the fact that it will remain as digital currency, it will not work.
The way we make exchange with bitcoin into fiat is still the next option which can be maintained.
The way we make exchange with bitcoin into fiat is still the next option which can be maintained.
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.
all possibilities can happen without us knowing what it will be but in my opinion replacing the function and position of fiat currency or in other words replacing fiat currency I think it is very difficult to happen if the economic system is used in developing fiat and economic currencies I think maybe with crypto Harmonization is what will enhance the existence of the cryptocurrency, this will only happen when government globally has a stack in the decision making for this to work out, thou crypto is still evolving and this might not happen soon.
For the future, it can happen using fiat and crypto together, where there are no more problems because fiat is a traditional payment while crypto functions digitally. People are welcome to choose which one to make payments.Harmonization is what will enhance the existence of the cryptocurrency, this will only happen when government globally has a stack in the decision making for this to work out, thou crypto is still evolving and this might not happen soon.
For the future, it can happen using fiat and crypto together, where there are no more problems because fiat is a traditional payment while crypto functions digitally. People are welcome to choose which one to make payments.
Harmonization is what will enhance the existence of the cryptocurrency, this will only happen when government globally has a stack in the decision making for this to work out, thou crypto is still evolving and this might not happen soon.
For the future, it can happen using fiat and crypto together, where there are no more problems because fiat is a traditional payment while crypto functions digitally. People are welcome to choose which one to make payments.Exactly, why make the fuss about it when you can use both? No need to eliminate one, thus it will bring more progress in the country. The fact that fiat will be here to stay for hundreds of decades while crypto as a young currency that will kill inflation.
Just make these two work and we might know, this could bring more grow in economy.
Of course, a quick replacement of fiat cryptocurrency will not happen. Most likely this will take a decade. Such things can not pass quickly. But if cryptocurrencies prove their advantage over fiat, then displacing fiat will be just a matter of time. This is evolution. Remember the story. People minted gold and silver coins, then began to issue paper money, which was provided with gold, then they also refused to provide money with gold and began to provide the currency with state assets. The financial system, like everything else in this world, is evolving.
Well, I don't believe that Bitcoin or any other cryptocurrency will replace fiat currency at all. The basic requirement of using cryptocurrency is the ability to use the internet and connectivity. However, we don't have an impressive rate of literacy especially when it comes to technology and hence fiat would continue dominating fund transfer sector. At this stage, the crypto users are exactly doing the same by harmonizing the crypto and fiat currency.
I fully support your opinion, but do you think that by the 2030, for example, cryptocurrency will be able to replace fiat money? By that time, I am sure that technology will allow us to live without other currencies.Hard for cryptocurrency replace fiat money in our current monetary system. With current system, central banks control the money supply and central banks must be wont loose control on it. I think crypto and fiat will used side by side
I agree with you.. I think it also okay if it is combine using fiat and crypto at the same time.. depending on the situation they can do more because as we all know crypto is not always in good condition most of the time it changes and fluctuating from time to time while fiat stick it currency it s value.
I always use fiat but I also use the cryptocurrency. In the nearest future, the crypto will become something like a norm for all people. The guys will spot to be so skeptical about it.
I agree with you.. I think it also okay if it is combine using fiat and crypto at the same time.. depending on the situation they can do more because as we all know crypto is not always in good condition most of the time it changes and fluctuating from time to time while fiat stick it currency it s value.
I always use fiat but I also use the cryptocurrency. In the nearest future, the crypto will become something like a norm for all people. The guys will spot to be so skeptical about it.
Well, I don't believe that Bitcoin or any other cryptocurrency will replace fiat currency at all. The basic requirement of using cryptocurrency is the ability to use the internet and connectivity. However, we don't have an impressive rate of literacy especially when it comes to technology and hence fiat would continue dominating fund transfer sector. At this stage, the crypto users are exactly doing the same by harmonizing the crypto and fiat currency.
I fully support your opinion, but do you think that by the 2030, for example, cryptocurrency will be able to replace fiat money? By that time, I am sure that technology will allow us to live without other currencies.
I agree with you.. I think it also okay if it is combine using fiat and crypto at the same time.. depending on the situation they can do more because as we all know crypto is not always in good condition most of the time it changes and fluctuating from time to time while fiat stick it currency it s value.
I always use fiat but I also use the cryptocurrency. In the nearest future, the crypto will become something like a norm for all people. The guys will spot to be so skeptical about it.
I agree with you.. I think it also okay if it is combine using fiat and crypto at the same time.. depending on the situation they can do more because as we all know crypto is not always in good condition most of the time it changes and fluctuating from time to time while fiat stick it currency it s value.
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