they will not be able to manage all and tax on the daily trading volume of investors. This is a decentralized market and it is very difficult to control.
I think fiat money will still exist in the future because the forex market is still many times bigger than the crypto market.
Besides, fiat money is also related to inflation and politics. it creates jobs for strategic and financial planners.
Topic: In the future, will fiat currencies be necessary in the world? - page 5. (Read 35816 times)
Even the grown countries of the world hasn't begun to go completely on digital payments through e-wallets and other advancements. Even the technology adoptive people at some instance use fiat which is no more an exception. People continue to use and fiat is a must unlike the growth with the technology and digital currencies adoption.
I think 50 years from now, paper money can be eliminated. because that would be a useless stack, so everyone can move to transactions using crypto. and does not leave any marks.
Will not be necessary but if governments not want to give up to fiat money they will keep it and will use it for many many years from now on, maybe because they can control more than crypto.
Cryptocurrencies certainly offer some advantages that are absent with fiats, however, fiats play another role for government as it is a tool to control the supply of money and as such control the economy, that will be difficult to replace with crypto in the future
in my opinion someday the government will adopt a system with an economy that uses crypto currencies and that will change the physical and work systems of fiat currencies.I think that even though all the systems were changed using crypto, for me the paper money will not be removed at any time. because for each country the paper money is very valuable. so removing paper money is not a good way.
If you are thinking of total digitization of payment method than it will take 4-5 decade or more but till that time fiat will be used for various physical transaction.not everyone is educated and have knowledge of digital currency ,it will take good amount of time when majority of population will be educated and will have digital hardware wallet like system for day today purchases but it will be difficult to implement it.
4 to 5 decades is a long time for the transform of fiat currency into crypto currencies. It may take maximum 10 years in which we can shift from fiat to crypto. Once the crypto currencies become popular, the education and hardware will not be hindrance anymore.
Yes definitely they are necessary for the people who are in the non technological situation because if any type of Technology will develop there are some people don't know about the current situation in the technical things so far them with oven Atlee need the normal currency also.
If the state cannot control the crypto process, they will never approve of crypto.
This dont need to be referred to crypto. Believe that some day in future will be witnessing something similar. We will have some sort of cash or credit and it will be unique for all world. This is probably what some considering and maybe test in some high security environment, cuz they were some rumors on internet that major banks are concluding test on there own blockchain technology. SO think this is possible and in this case dont think it will be crypto involved or maybe it will be.
If the state cannot control the crypto process, they will never approve of crypto.
Cryptocurrencies certainly offer some advantages that are absent with fiats, however, fiats play another role for government as it is a tool to control the supply of money and as such control the economy, that will be difficult to replace with crypto in the future
in my opinion someday the government will adopt a system with an economy that uses crypto currencies and that will change the physical and work systems of fiat currencies. 
If cryptocurrency will be considered as a medium of exchange in the future, which I think is more likely to happen, then cryptocurrency will be really important in the world. As we know, people wants to live life conveniently and everyone wants everything to work fast and easy. Cryptocurrency is one of the best solution to it.
different from me, I think cash is still very much needed later, imagine if the internet channel is disrupted, is there no economic transaction at that time. of course both will side by side, complement each other
If cryptocurrency will be considered as a medium of exchange in the future, which I think is more likely to happen, then cryptocurrency will be really important in the world. As we know, people wants to live life conveniently and everyone wants everything to work fast and easy. Cryptocurrency is one of the best solution to it.
Cryptocurrencies certainly offer some advantages that are absent with fiats, however, fiats play another role for government as it is a tool to control the supply of money and as such control the economy, that will be difficult to replace with crypto in the future
everything can happen and no one can know for sure the development of crypto currencies and fiat currencies even though perhaps as the development of the fiat currency will adopt an economic system used by crypto currencies 
If you are thinking of total digitization of payment method than it will take 4-5 decade or more but till that time fiat will be used for various physical transaction.not everyone is educated and have knowledge of digital currency ,it will take good amount of time when majority of population will be educated and will have digital hardware wallet like system for day today purchases but it will be difficult to implement it.
Do you think it could be possible to move from fiat to digital money in 4 or 5 year? First off, humanity and economy should ready for it. We need more years than you predict and during this time adoption will improve slowly. Do not think someone can run away from this, eveybody will have to use crypto when the time comes.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.
Yes offcourse . Evolution dominates all spheres of life. But that needs Internet everywhere. 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.
There will be no need for future fiat currencies. I think future cryptocurrency will be the only currency in the world. Then fiat currency will be worth it. No fiat currency will be used in the future. Because there is no need for fiat currency in the future. And there is less security in using fiat currency.
And the use of cryptocurrency has a lot of security. Moreover, no one is accountable for using corruption. So I think future cryptocurrency will be used by everyone. The fiat currency is not durable. And cryptocurrency is never damaged. So people will not want to use fiat currencies in the future.
Thank you
And the use of cryptocurrency has a lot of security. Moreover, no one is accountable for using corruption. So I think future cryptocurrency will be used by everyone. The fiat currency is not durable. And cryptocurrency is never damaged. So people will not want to use fiat currencies in the future.
Thank you
February 27, 2019, 04:18:59 AM
Even though crypto will going to expand to its capacity to used as an alternative money in any country which is common to used in such online transaction. I believe fiat will still necessary, since they're still some people doesn't yet recognized about it. And for me, crypto will impossible to be replace in fiat because it just a form of digital which is can only be used in online and without internet it cannot no longer to use.
February 26, 2019, 04:06:17 PM
In my opinion. Fiat currency is still needed in the future even though the digital era has been around the world. Fiat currency will be a payment option if the digital currency system is experiencing problems or in improving the system. so we can use fiat currency as an alternative transaction tool. and fiat currency can be used in very urgent circumstances.
I think like that too. where fiat currency will still exist until later. and precisely crypto currency which later became a companion of fiat currency. we know that btc is not owned by a country, different from fiat currency
February 25, 2019, 08:31:31 AM
I think fiat currencies is obsolete and as inflation continues our money becomes worthless. In a modern world money can also be upgraded through the use of crypto currencies, we used fiat for centuries with lack of transparency I think its time to replace the current financial with something fast and controlled by people not by third parties.
February 25, 2019, 07:38:41 AM
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.
I think fiat currency is really necessary in the world because even though cryptocurrency have been recognized by a lot countries. I still believe people will still exchange it to fiat currency because the government only support fiat currency not cryptocurrency.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.
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