Topic: How many years will take that fiat coin will be replaced by cryptocurrency? - page 4. (Read 1772 times)
October 12, 2017, 04:10:43 AM
I only see it replacing fiat in regions where the fiat is extremely unstable and the government that runs it is unreliable (I remember something about India banning a certain banknote or something, ruining people's earnings). This could never happen in crypto and thus is probably the most likely place we'd see it happen. The only reason crypto would ever replace fiat is if crypto offers something that the fiat can't. Not only does crypto require some computer knowledge but you also need to have ready access to a computer wherever you go. Fiat is much much easier to use than crypto and since that's such an important concept when it comes to public use I really don't see crypto replacing the major fiat realistically.
October 12, 2017, 03:51:45 AM
How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)
DO you think it's possible or not at all? Plz share your opinion:)
This will ever happen when all the Gov over the world allows the cryptocurrency. And I don't think gov will allow any decentralised coin to rule over their central bank.
I don't know if is it ever possible for any gov to create their own cryptocoin or not. If that would happen it would be a game changer.
October 12, 2017, 03:47:49 AM
I hope it will be in 3-5 years. There will be a lot of resistance from governments and banking system, but I guess crypto will win.
October 12, 2017, 03:44:24 AM
Even a lot of decades will pass from now, it will still not be able to replace the fiat by the cryptocurrencies because they are created for separated purpose and they are here in our world to do their own project or vision and that is not to replace the fiat. We should use both of them and not to decide which of them is worth it to use.
October 12, 2017, 02:05:04 AM
The year we begin to see ai robot on the street corners and shooping malls! Do not think those days may never come, they are more closer than you think! I will predict that before 2030. Crypto currency will replace large part if payment system! And Bitcoin will still be leading in gat regards! I plan to still be on bitcoin talk also!
October 12, 2017, 02:04:47 AM
I don't think that fiat will be replaced by cryptos. maybe the one or other country will establish some digital coins but a complete replacement of fiat seem to be not realistic in my opinion
October 12, 2017, 01:59:58 AM
How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)
DO you think it's possible or not at all? Plz share your opinion:)
This would be hard because without an Internet connection you wouldn't be able to trade crypto. Some countries don't even have wireless internet connection, so if you go there with only crypto, you are broke and dead. If Internet went down (not saying it will, but there can still be issues like the Internet wire between North America and Europe being cut, and lack of electricity for computer systems which might happen in the future as we run out of fossil fuels) then all crypto would basically go down too.
Can crypto replace fiat? I think so. Another way to think about it is that governments create their own crypto. Crypto becomes the new monetary system, but each country will have their own regulated coin asset.
October 12, 2017, 01:55:54 AM
Never on earth.
because even though it may seem lot of people are using it its just mere percentage of whole world population.
i would bet human kind will either end or move to other planets where they completely start off with virtual currency.
because even though it may seem lot of people are using it its just mere percentage of whole world population.
i would bet human kind will either end or move to other planets where they completely start off with virtual currency.
October 12, 2017, 01:47:03 AM
Hey noob.. you are 8 years late asking this question.
Maybe ask again in another 8 years when we surpass 500,000 ANN topics here. (Over 13k now)
MOAR COINS HODL MOON RICHES EXCHNAGES PROFITS INVESTOR ICO NOW !!!!!1111ONE
Imagine opening the till at a store register and seeing 13,000 different "currencies"
Maybe ask again in another 8 years when we surpass 500,000 ANN topics here. (Over 13k now)
MOAR COINS HODL MOON RICHES EXCHNAGES PROFITS INVESTOR ICO NOW !!!!!1111ONE
Imagine opening the till at a store register and seeing 13,000 different "currencies"
October 12, 2017, 01:44:25 AM
It will take several years to be frank.Also I dont think it will replace the entire FIAT but Crypto will settle down beside it. This is the alternate currency and takes lot of efforts to destroy the traditional and conventional currencies.
October 12, 2017, 01:42:49 AM
I think we are a long way off until this happens, cryptocurrency is dependant on fiat in order for people to use their crypto most of the time you need to cash out into fiat, until bitcoin breaks through and becomes as commonplace as visa we will always need fiat.
There will come a time but that would be at least 10 years away.
There will come a time but that would be at least 10 years away.
October 12, 2017, 01:38:53 AM
depends. The best part about fractional reserve banking is they can always make more money to feed into crypto, but not the reverse
October 12, 2017, 01:33:18 AM
No cryptocurrency can't replace fiat coin completely but use of cryptocurrency might grow exponentially in future. I have just gone through a latest report on use of digital currency in India, it have grown significantly in recent few months and I think cryptocurrency will take majority of digital currency market soon.
October 11, 2017, 01:48:36 PM
I do not know how long, but it will all happen for at least a few years. I do not think fiat will be replaced by cryptocurrency. I feel the whole world has known clearly about cryptocurrency. the whole world will soon realize how important the world of cryptocurrency. many people do not believe in crypto currency because there is no clear regulation of government.
October 11, 2017, 01:38:35 PM
How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)
DO you think it's possible or not at all? Plz share your opinion:)
In my opinion, its going to take a long while before that is achieved and its because before government will take that massive decision then the knowledge and use of cryptocurrency among the populace should have been deep enough to command that kind of attention. Looking at the current trend that is still a long walk to the promise land but when that is put in place, we can then start deciding about when implementation will start.
for me if 80% of living people all over the world using and have knowledge about bitcoin then it is easy for them to change the fiat currency but as long as this is not totally spread all over the world not all of us are users of it then the government will never let this currency to change the fiat.
October 11, 2017, 01:33:27 PM
When the world becomes a smart world, perhaps 100 years from now, but no one really knows
October 11, 2017, 01:32:37 PM
How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)
DO you think it's possible or not at all? Plz share your opinion:)
In my opinion, its going to take a long while before that is achieved and its because before government will take that massive decision then the knowledge and use of cryptocurrency among the populace should have been deep enough to command that kind of attention. Looking at the current trend that is still a long walk to the promise land but when that is put in place, we can then start deciding about when implementation will start.
October 11, 2017, 01:27:04 PM
I think this will never happen. Cryptocurrency will take its place in the world economy and I do not think that they will be able to have a major position. There will always be states that will not accept this new way of mutual settlements.
October 11, 2017, 01:23:03 PM
How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)
I don't think its possible within next few centuries and it is quite hard to predict what will happen to crypto and to this whole world beyond next 100 years as we will not be alive by that date.DO you think it's possible or not at all? Plz share your opinion:)
Postal service are still used instead of Email and same can happen to usual paper cash or metal coins we have right now in next few years. Cryptocurrencies or digital form of currency might cover majority of financial transactions.
October 11, 2017, 01:19:37 PM
How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)
It will take a few years for the currency to take effect. The people that don't have the currency want to pay for something, there should be people around that have enough to exchange it.DO you think it's possible or not at all? Plz share your opinion:)
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