for me, I can not tell about a fiat currencies but I think everyone might need a fiat currency because not all people are using and knowingly working in a cryptocurrencies in the country. but when our future is touched our attention maybe the cryptpcurrency is approaching a fiat no later today tomorrow. but after all when we use fiat money we can see the real result so we just follow what is right.
if we look at the perspective of a crypto user, of course the answer will vary greatly, some users may still need it and other users don't need it, but you're right. why we don't ask answers to outsiders? of course they are still very dependent on fiat 
Topic: In the future, will fiat currencies be necessary in the world? - page 11. (Read 35815 times)
January 16, 2019, 02:10:37 AM
January 15, 2019, 08:53:07 PM
for me, I can not tell about a fiat currencies but I think everyone might need a fiat currency because not all people are using and knowingly working in a cryptocurrencies in the country. but when our future is touched our attention maybe the cryptpcurrency is approaching a fiat no later today tomorrow. but after all when we use fiat money we can see the real result so we just follow what is right.
January 15, 2019, 07:54:19 PM
Fiat currencies are not necessary but government support is at this stage. Unfortunately.
January 15, 2019, 05:52:20 PM
Whatever we say here, the national money of the states will continue to exist as long as the states themselves exist. I think that no one will express their doubts that states will not exist and disappear in the foreseeable future. States, national economies and national money are inextricably linked. At the same time, in order for the national money, that is, fiat to disappear, an appropriate decision of the highest legislative body of the country is needed, and such a decision will never be, because it is equivalent to the self-dissolution of the state.
December 14, 2018, 05:34:29 AM
What do you think about regions without internet? What if your telefon is off and you don't have connection to internet,especially in other country? Crypto is really good, but our society isn't that advanced and some parts of the world remain in the past. Probably in 10 years something will change current situation, but at the moment total fiat replacement isn't possible. A lot of things should be regulated, new laws should be added and so on
Yes I do not think OP has understood the importance of fiat money. Cryptocurrency is only an upgrade form of fiat currency where one could trade peer to peer without using the third party service. However, for now the peer to peer transaction is very costly and everyone has to pay more transaction fee from conversion of fiat to crypto and vice versa. December 14, 2018, 04:58:12 AM
Yes. Fiat currencies are very necessary to the socioeconomic development of any nation.
If Fiat is scrapped today, it would mean depriving people especially the aged the privilege and right of using cash to purchase goods and services or do businesses.
If Fiat is scrapped today, it would mean depriving people especially the aged the privilege and right of using cash to purchase goods and services or do businesses.
December 12, 2018, 09:30:16 PM
Depending on how far forward you want to look to. I am sure their usage could equal that of fiat but to replace cold, hard cash entirely could prove to be a difficult thing.
In certain countries people living in middle-class and above are more likely to keep their money in the bank and spend with their debit/credit card rather than hold the cash, but those on the lower end will tend to make more purchases through cash, there are some jobs that will be paid via cash in hand, rather than needing to be registered through bank accounts etc...
At the same time, if there only exists digit cash then physical payments are likely to just take on a new form.
In certain countries people living in middle-class and above are more likely to keep their money in the bank and spend with their debit/credit card rather than hold the cash, but those on the lower end will tend to make more purchases through cash, there are some jobs that will be paid via cash in hand, rather than needing to be registered through bank accounts etc...
At the same time, if there only exists digit cash then physical payments are likely to just take on a new form.
December 12, 2018, 09:23:42 PM
Not necessarily but also keep in mind that not everywhere in the world do people have internet!!, also some people in this world will NEVER be able to afford internet, making crypto useless to them!!!
every country has advantages and disadvantages, there are countries that have very high internet networks such as developed countries so they can already use bitcoin in each of their transactions, but there are still countries that do not have adequate internet connections, so that citizens cannot using digital currency, and of course banknotes are still very much needed, digital currencies or bitcoin will have different users than fiat currencies. December 12, 2018, 09:07:58 PM
As long as the governments remain and centralization is their topmost priority, Fiat will always have a place in the world - no doubts about this. Most of the governments and politicians draw much power from centralization especially on the financial sector. Crypto does not allow the governments to own absolute control over the financial transactions of the people, hence that power is taken back to the people by the power of decentralization of crypo.
December 12, 2018, 08:05:20 PM
For me as of this moment, fiat currencies are necessary around the world because not everybody knows about digital currency and there are only few establishment accepts bitcoin as mode of payment. Maybe in the future we will use cryptos not the fiat.
December 12, 2018, 06:39:50 PM
Of course, fiat money is still very important. Because it is still more convenient to use in our daily life. Especially those people who are struggling in their life. And don't have any access in the internet or don't know what are cryptocurrencies.
December 12, 2018, 06:14:05 PM
it should say the world are need this, for the economic growth people need this, for techonolgy invention people need this, because world always moving foward. when there are progress for the change like gold to fiat currency people use fiat but also still using gold for an object investment or else, so it still necessary in this world before cryptocurrency can going worldwide
December 12, 2018, 05:51:15 PM
Perhaps in the distant future fiat will not be needed at all, but in the near future I strongly doubt. Today, many people in the world live below the poverty line. These people don't have access to elementary things, let alone a computer or telephone. And they need fiat to buy at least some food or medicine. When this situation changes, then we can say that fiat is not needed.
December 12, 2018, 02:48:04 PM
FIAT currency is very much needed especially for exchanging FIAT to Bitcoin, because if we want to buy Bitcoin, of course we must have FIAT money first. So it is very necessary for life in the real world by people all over the world.
Yes this is true but think that maybe question could be little more different. What could be and can it be possible to change everything from FIAT to crypto and how could it look like perhaps, does anyone think about it for even little.
December 11, 2018, 03:47:09 AM
Fiat is very important and it is better for the normal lives i would like to say that bitcoin is very good and profitable for investment rather than investing in fiat people were investing in Dollars and pounds but now the trend is changed and people happily invest in it. So it shows importance of fiat that now people pay fiat for investing in crypto.
The investors not only from the dollars and pound but also the gold investors coming to invest in Bitcoin. These are currently smaller in amount which will be increased much more when any ETF will be approved. The it is possible that all of the stock exchange investors invest in Bitcoin some amount of their money. December 11, 2018, 01:28:09 AM
FIAT currency is very much needed especially for exchanging FIAT to Bitcoin, because if we want to buy Bitcoin, of course we must have FIAT money first. So it is very necessary for life in the real world by people all over the world.
December 11, 2018, 01:27:48 AM
Fiat is a currency that is necessary in the world because of the speed with which economic transaction can be on for trading, fiat will be relevant for a long while especially for developing countries, because of the lack of accessibility to the internet facilities which is necessary to access token.
for some reason I see that fiat is a very good transaction tool, besides that, fiat is also easy to down and use. besides, fiat is also very elastic, because it's so easy to blend with technology. December 10, 2018, 10:13:18 PM
of course fiat is necessary. because fiat is more or less safer currency comparing with other alternative currencies such as crypto currencies. they are mostly backed by governments and also easy way to make payments.
as long as the country we live in is not subject to excessive inflation, fiat currency is indeed safer, but in trade between countries it is more profitable to use bitcoin, because we will not be affected by the difference in the value of our currency to the destination country, because each country has an eye value different money, very different from bitcoin wherever we trade between countries, the value of bitcoin in all countries remains the same, because bitcoin is not dependent on the value of the currency of any country. December 10, 2018, 06:20:58 PM
Fiat is a currency that is necessary in the world because of the speed with which economic transaction can be on for trading, fiat will be relevant for a long while especially for developing countries, because of the lack of accessibility to the internet facilities which is necessary to access token.
December 09, 2018, 05:01:36 AM
The currency itself is not necessary because it requires a high maintenance cost and also requires a lot of work to do and carry the notes. I believe that in the future we will have a better option, something similar to the credit and debit cards we use today.
I think it is a journey before achieving what we imagine, where transactions use all electronics. but we also have to admit that fiat currency is still very dominant to be used for everyday life. and there are still many people who use it. this is inseparable from the role of the government of course Jump to: