Topic: In the future, will fiat currencies be necessary in the world? - page 13. (Read 35815 times)
December 06, 2018, 04:37:13 AM
The fiat currency is very good for the cryptocurrency market, but now the government will stop listing its own legal currency, and only if the cryptocurrency market expands its influence, the government will consider issuing legal tender.
December 06, 2018, 01:25:10 AM
maybe at this time but not yet in the future all possibilities can occur along with the times and crypto currency technology will be needed by the state in its economic development
December 06, 2018, 12:26:57 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.
December 06, 2018, 12:04:19 AM
I think fiat will definitely be needed by the world. I realize that the development of cryptocurrency is very good in the world. but all that will not be able to eliminate the fiat currency. I think cryptocurrency is a digital currency that has fluctuating properties. while fiat currencies have high stability. and the value of the cryptocurrency is determined by the fiat currency. so I think it will be difficult if the fiat currency will be lost and completely replaced by cryptocurrency.
December 06, 2018, 12:03:56 AM
technology that supports crypto is still developing and many small countries still don't know crypto, so fiat will continue to be used until crypto can replace the full role of fiat, but it takes a long time and a lot of new infrastructure is built
Correct that not all small countries and regions know about Bitcoin because in some areas I still don't understand Bitcoin at all until now. Everyone still expects paper money to be able to buy what they want or exchange the items they like.
December 05, 2018, 09:32:21 PM
technology that supports crypto is still developing and many small countries still don't know crypto, so fiat will continue to be used until crypto can replace the full role of fiat, but it takes a long time and a lot of new infrastructure is built
Correct that not all small countries and regions know about Bitcoin because in some areas I still don't understand Bitcoin at all until now. Everyone still expects paper money to be able to buy what they want or exchange the items they like.
December 05, 2018, 07:17:34 PM
technology that supports crypto is still developing and many small countries still don't know crypto, so fiat will continue to be used until crypto can replace the full role of fiat, but it takes a long time and a lot of new infrastructure is built
December 05, 2018, 06:29:09 PM
Yes very necessary because every country has its own fiat that are used to live life to the fullest. And besides traditional fiat are very convenient to use anywhere we want to spend or invest it and no other gadgets that need to acquired to like internet, cellphone or etc. So fiat is very important and necessary in the world to make people live easily.
December 05, 2018, 05:05:14 PM
In my opinion. until any time the fiat currency will be needed and used throughout the world. technological advances in the financial sector will not affect the existence of fiat currencies. Digital currency is used to facilitate everyone in choosing transaction tools so that our work will be easier. and fiat currency is used for people who do not have a digital currency.
The traditional money is very convenient. You can use it like cash or a credit/debit card. Fiat does not need the Internet, and if you work with crypto, you must have it. Thus, the usual currencies will live always.
December 05, 2018, 03:10:55 PM
capitalization of the currency market is still very dependent on fiat, and it has been structured for thousands of years with very complicated protocols. the government can develop with fiat and the welfare of their people. as long as the crypto currency is not massive it is used familiarly with a percentage above the average for each country. then fiat will still be the best.
December 05, 2018, 02:18:59 PM
It is necessary as long as internet is not available for all people and they have no access nor gadget to use.
Digital currency is a fast phase technology that will change the world for better.
But never set aside many people who are not ready with the technology.
Digital currency is a fast phase technology that will change the world for better.
But never set aside many people who are not ready with the technology.
December 05, 2018, 02:17:35 PM
Interest Ask. For the last two thousand years, mankind has perfected financial relations, as a result of which banknotes of various countries appeared, and here they suddenly declare that it turns out that we were developing completely in the wrong direction and that we absolutely do not need national paper money.
I dare to assure that the national money of the states will exist as long as the states themselves exist. Cryptocurrency will not significantly affect the circulation of paper money of various countries.
I dare to assure that the national money of the states will exist as long as the states themselves exist. Cryptocurrency will not significantly affect the circulation of paper money of various countries.
December 05, 2018, 02:03:42 PM
FIAT is the origin of all exchanges and transactions. FIAT plays a significant role in our lives, and I think its existence is necessary. FIAT is currently the most critical material that determines every aspect of the Crypto market, so it's essential.
December 05, 2018, 01:56:43 PM
I never thought that crypto could replace fiat money. because fiat money has been used for a long time. and each country also has a national currency. and most countries also reject cryptocurrency. because the government does not like things that cannot be controlled. and also not everyone has internet access to use crypto. so in my opinion fiat money will always be needed for exchange and payment.
December 05, 2018, 12:27:23 PM
Fiat is widely use and universally accepted by anyone on anywhere in the world unlike its counterpart, the digital currencies. Although there are many people that has already an access to digital currency, still, not all do have an access to it, and worst, aware of its existence. Thus, despite the cryptocurrencies' potential in the market and its endless possibilities and breakthroughs, still, fiats are necessary in the world. Fiats are currently in necessity and in great function. We cannot say yet that fiats will become unnecessary in this world unless already is happening.
December 05, 2018, 12:10:44 PM
in the future, will there really be a need for fiat currency? Government can collect taxes in crypto, determine how to allocate it, and spend it in crypto. Ppl can receive salaries and do all commerce using crypto. Loans can be done in crypto. Fundraising can be in crypto. Sure, problems have to be worked out in terms of scalability, does it have to be completely decentralized, etc, the value has to become more stable. But theoretically, is there any reason to have fiat in the future?
It has been established that governments can now do taxation without representation by printing more money (which is a tax on everyone holding the currency), instead of trying to get a bill passed that allows it to increase the tax rate. With crypto this would be no more. All increased taxation would have to pass a vote.
From an economic standpoint, the idea that a country can stimulate its economy by adjusting interest rates is tenuous. There is just as strong an argument that lowering interest rates has caused speculation and bubbles, with calamitous results. In a crypto market economy, capital will flow from where it is needed less to where it is needed more.
Of course they do, you cannot replace fiat because still there's a lot of folks who prefer to use fiat over crypto because in some reasons cypto is complicated for them especiall native people. Besides, folks are more used to it since they've using it for a long time since they were born up to now so. Moreover, there are some things that you can do in fiat but not applicable to crypto. Therefore, fiat cannot be replace but crypto could be still be used by everyone as another mode of payment. It has been established that governments can now do taxation without representation by printing more money (which is a tax on everyone holding the currency), instead of trying to get a bill passed that allows it to increase the tax rate. With crypto this would be no more. All increased taxation would have to pass a vote.
From an economic standpoint, the idea that a country can stimulate its economy by adjusting interest rates is tenuous. There is just as strong an argument that lowering interest rates has caused speculation and bubbles, with calamitous results. In a crypto market economy, capital will flow from where it is needed less to where it is needed more.
December 05, 2018, 11:49:07 AM
It is necessary that the world have FIAT to use.
Cryptocurrency or digital one is not suitable now for the world as it depends on the internet to be use or transfer.
Many people has no knowledge and some if have has no gadget to use.
we should considerate them to have a better world.
Cryptocurrency or digital one is not suitable now for the world as it depends on the internet to be use or transfer.
Many people has no knowledge and some if have has no gadget to use.
we should considerate them to have a better world.
December 05, 2018, 10:25:17 AM
In my opinion. until any time the fiat currency will be needed and used throughout the world. technological advances in the financial sector will not affect the existence of fiat currencies. Digital currency is used to facilitate everyone in choosing transaction tools so that our work will be easier. and fiat currency is used for people who do not have a digital currency.
I think the answer is to ask yourself, are you still using fiat to buy something? I think most or even all bitcoin users must still rely on fiat to pay for their daily needs, you are right that technological developments will not change anything on fiat as the main currencyThis seems to be a question that doesn't really need to be answered because everyone already knows and understands this question. This answer is all in yourself. No need to make an easy thing difficult.
December 05, 2018, 09:03:13 AM
I think we need fiat as not all countries are adopting crypto currencies. Cryto currency has it's own advantages that will surely met with regards on technology.
December 03, 2018, 10:06:08 PM
maybe for some people or party. needed to develop their work in economy, currency, transfer, and other. for some people or party, its ordinary, its not important as they think. the problem is not all people in the world ready to accept it as currency, not all people know about cryptocurrent and use it as currency. people use this one for their advantages, but maybe, someday, world can accept it pure as currency
Jump to: