In the future, will fiat currencies be necessary in the world? - page 8.

zee11225

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Quote from: babarian on January 31, 2019, 11:22:50 AM

of course it will still be useful for some people in this world, not everyone can accept technological developments quickly, facilities, how to transact requires a very long time. maybe even digital currencies cannot be used as a whole by everyone in the world.

Paper money is still used until one day the world is 100% digital, where land for planting trees is not available as raw material for paper money, maybe paper money is not produced anymore and people use digital money.
But such a possibility is very far away, so it makes the most sense now that paper money is used with digital money, so that people can choose which one they like the most.

iv4n

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Quote from: Best Dreams on February 07, 2019, 10:57:40 AM

Quote from: anggi on February 06, 2019, 06:56:06 AM

Quote from: iv4n on February 06, 2019, 05:01:45 AM

Quote from: munareal on February 06, 2019, 04:25:18 AM

Fiat currency is still needed in our world. I believe the two currencies can coexist to serve humanity. There are things we need that will be convenient to use fiat currencies than crypto coins to make purchases. It should be our choice to use any of the two currencies

tThere are 180 current currencies across the world, recognized by the United Nations, do you know how many complementary currencies there are? https://en.wikipedia.org/wiki/Complementary_currency They all coexist. Tell me about your choices when you go to pay bills.
Fiat currencies are already a thing of the past. Fiat currency is used by people who wish to stay anonymous, soon even they will discover advantages of private and anonymous crypto.

well, with this, I think fiat money has become a union with the state, and this is really needed in the future. well, I'm sure in the future, fiat money will always be actually used, even now it's already seen.

It is only times which matters so time is passing and people are being move towards digital system as you said it was union way of payment but now people are well developed and they want new technologies to run their life in better way, digital money is better source of payment for me for people,. So with time I guess money will be no longer required.

To clear things, this union is the union of politicians and banks, with only one purpose, to make rich people richer, while poor people staying slaves to that union. We need to change that system where just this union have a vote that affect each of our lives. I wish every person to have a vote in important matters, not just to vote one time in 4 years and then "union" to do what ever they like, NO! That needs to be stopped, each of us deserve to have a vote and to be introduced with everything that government is doing. Blockchain can provide that! Imagine that! And the end of fiat is near, time is ticking! They will fight, they will try to tax it, to control it, to make new one, but we need to support decentralization! It`s the only thing that can save this planet from greedy "union"!

onrise

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Quote from: babarian on January 31, 2019, 11:22:50 AM

of course it will still be useful for some people in this world, not everyone can accept technological developments quickly, facilities, how to transact requires a very long time. maybe even digital currencies cannot be used as a whole by everyone in the world.

It is true that it will continue to exists as many countries have still left undecided if they want to make it legal or not. Also some of them have banned it. So in such countries still fiat will be used and also not all countries have so well infrastructure where the electricity and laptop would have reached in many rural areas too.

tarable

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of course, because not all countries want to eliminate their paper currency for the sake of new digital currencies. so the future of the paper money will be bright and still be used by all countries

arkawa040

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Quote from: Parodium on August 28, 2018, 03:32:13 PM

Fiat currencies definitely aren't necessary, there is an increasing trend towards digitization of currency, and blockchain based currencies are just the next generation of this. The problem is that Bitcoin came out, and everybody treated it as the successor to fiat currency, rather than an incremental improvement on digital currencies such as Paypal and Skrill. I think that if Bitcoin was never invented, but somebody like Paypal had implemented a blockchain technology first, then we wouldn't be in the rivalry scenario that we're in now.

You say that Fiat money is not needed, but you are not quite right, any Fiat currency is supported by either useful resources or the in gold, and the cryptocurrency is supported by Fiat money. There will always be Fiat money and they are very necessary for both the person and the economy, so do not jump to conclusions, we use Fiat money every day and this system will not go anywhere.

alroys

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In the past, before there was paper money, people were buying and selling by exchanging goods. So the term is barter, goods are exchanged with goods. Then created banknotes, and paper money became a legitimate transaction tool. Cryptocurrency has now emerged, this Cryptocurrency is present at a time when the era is increasingly modern and advanced. Cryptocurrency has many advantages over banknotes, and this Cryptocurrency can also be used by transaction tools. I am sure, in the future everyone will use Cryptocurrency, and start leaving Fiat. But the change in banknotes to this Cryptocurrency still takes a long time.

Best Dreams

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Quote from: anggi on February 06, 2019, 06:56:06 AM

Quote from: iv4n on February 06, 2019, 05:01:45 AM

Quote from: munareal on February 06, 2019, 04:25:18 AM

Fiat currency is still needed in our world. I believe the two currencies can coexist to serve humanity. There are things we need that will be convenient to use fiat currencies than crypto coins to make purchases. It should be our choice to use any of the two currencies

tThere are 180 current currencies across the world, recognized by the United Nations, do you know how many complementary currencies there are? https://en.wikipedia.org/wiki/Complementary_currency They all coexist. Tell me about your choices when you go to pay bills.
Fiat currencies are already a thing of the past. Fiat currency is used by people who wish to stay anonymous, soon even they will discover advantages of private and anonymous crypto.

well, with this, I think fiat money has become a union with the state, and this is really needed in the future. well, I'm sure in the future, fiat money will always be actually used, even now it's already seen.

It is only times which matters so time is passing and people are being move towards digital system as you said it was union way of payment but now people are well developed and they want new technologies to run their life in better way, digital money is better source of payment for me for people,. So with time I guess money will be no longer required.

Ezenwanyi1

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Veil

It goes without saying that the society depends largely on Fiat for the conduct of it's day to day activities.
I am sure that in the future ,fiats may not go into extinction so to say but the depends on it would not be much as obtains presently. My assumption is based on the faxt that there are still core illiterates in the society that would find carrying our transactions using cryptocurrency easy.

anggi

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Quote from: iv4n on February 06, 2019, 05:01:45 AM

Quote from: munareal on February 06, 2019, 04:25:18 AM

Fiat currency is still needed in our world. I believe the two currencies can coexist to serve humanity. There are things we need that will be convenient to use fiat currencies than crypto coins to make purchases. It should be our choice to use any of the two currencies

tThere are 180 current currencies across the world, recognized by the United Nations, do you know how many complementary currencies there are? https://en.wikipedia.org/wiki/Complementary_currency They all coexist. Tell me about your choices when you go to pay bills.
Fiat currencies are already a thing of the past. Fiat currency is used by people who wish to stay anonymous, soon even they will discover advantages of private and anonymous crypto.

well, with this, I think fiat money has become a union with the state, and this is really needed in the future. well, I'm sure in the future, fiat money will always be actually used, even now it's already seen.

horrifiedx1

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Quote from: munareal on February 06, 2019, 04:25:18 AM

Fiat currency is still needed in our world. I believe the two currencies can coexist to serve humanity. There are things we need that will be convenient to use fiat currencies than crypto coins to make purchases. It should be our choice to use any of the two currencies

right, cryptocurrency will complement the fiat currency. wouldn't it be more convenient if there were many payment methods, so we could choose it, and this could facilitate the economy, because it seemed to spoil the consumers. and that makes me believe that the fiat currency will still exist

iv4n

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Quote from: munareal on February 06, 2019, 04:25:18 AM

Fiat currency is still needed in our world. I believe the two currencies can coexist to serve humanity. There are things we need that will be convenient to use fiat currencies than crypto coins to make purchases. It should be our choice to use any of the two currencies

tThere are 180 current currencies across the world, recognized by the United Nations, do you know how many complementary currencies there are? https://en.wikipedia.org/wiki/Complementary_currency They all coexist. Tell me about your choices when you go to pay bills.
Fiat currencies are already a thing of the past. Fiat currency is used by people who wish to stay anonymous, soon even they will discover advantages of private and anonymous crypto.

munareal

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Fiat currency is still needed in our world. I believe the two currencies can coexist to serve humanity. There are things we need that will be convenient to use fiat currencies than crypto coins to make purchases. It should be our choice to use any of the two currencies

rika0223

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Quote from: Parodium on August 28, 2018, 03:32:13 PM

Fiat currencies definitely aren't necessary, there is an increasing trend towards digitization of currency, and blockchain based currencies are just the next generation of this. The problem is that Bitcoin came out, and everybody treated it as the successor to fiat currency, rather than an incremental improvement on digital currencies such as Paypal and Skrill. I think that if Bitcoin was never invented, but somebody like Paypal had implemented a blockchain technology first, then we wouldn't be in the rivalry scenario that we're in now.

along with the times and technological developments it is also possible that the economic system will change as well as possible fiat currencies will change physical value even the nature of the currency itself but everything cannot be ascertained

zemper

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Quote from: babarian on February 05, 2019, 12:12:55 PM

some think and predict that the FIAT currency will not be needed in the future, but I find it hard to believe in some of these predictions. Crypto currencies including digital currencies have indeed been widely used today and are beginning to shift the position of the FIAT currency among the public.
however, I believe that the FIAT currency will still be needed and will continue to be used even if the digital currency or crypto currency is global.

Yep, fiat currencies will be still useful in future. Electronic mediums of exchange depend on working computers and also electricity. And there is always the possibility of failure of electronic payment. So fiat will be needed for payments anyway.

babarian

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some think and predict that the FIAT currency will not be needed in the future, but I find it hard to believe in some of these predictions. Crypto currencies including digital currencies have indeed been widely used today and are beginning to shift the position of the FIAT currency among the public.
however, I believe that the FIAT currency will still be needed and will continue to be used even if the digital currency or crypto currency is global.

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Quote from: Lexurdania on February 05, 2019, 04:57:16 AM

Quote from: Bezobraznike on February 05, 2019, 04:12:47 AM

Quote from: awik p on February 05, 2019, 04:06:26 AM

Quote from: Chikitita2004 on February 04, 2019, 05:34:02 PM

Granted that the world is coming to a more digitized generation, at the moment I cannot see it yet starting. If one country will have their own cryptocurrency, that will be for sure a centralized one and I don't see it possible for the whole world to have a single currency in crypto. As of now it is still well with fiat and local currencies and managing.

I think fiat currency is still feasible to use even for a long time. moreover now many countries have not been able to implement crypto as a means of payment, they have a variety of reasons from their country's background. but indeed we hope that crypto will later be used as a full currency

Granting that people need money, in future people will need crypto-currencies. I agree with Chikitita, world is going to be digital, new generations
will be digital generations. There can`t be only one, crypto-currencies already made an eco-system, with so many coins, tokens, platforms, in next
few years we will see weak going down, and strong staying and getting stronger. I believe we will see many new ones.

People soon or later move to digital payment but i dont think it will be a cryptocurrency. Cryptocurrency will needed as internet currency because cryptocurrency is peer to peer transaction but to replace fiat money, i dont think it will be easy. Government or central banks must be wont lose control on money supply and central banks could create their own cryptocurrency

until now there are still many who have not dared to legalize cryptocurrency as a currency, therefore I think it will take a long time to see crypto being used as a currency throughout the world

Lexurdania

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Quote from: Bezobraznike on February 05, 2019, 04:12:47 AM

Quote from: awik p on February 05, 2019, 04:06:26 AM

Quote from: Chikitita2004 on February 04, 2019, 05:34:02 PM

Granted that the world is coming to a more digitized generation, at the moment I cannot see it yet starting. If one country will have their own cryptocurrency, that will be for sure a centralized one and I don't see it possible for the whole world to have a single currency in crypto. As of now it is still well with fiat and local currencies and managing.

I think fiat currency is still feasible to use even for a long time. moreover now many countries have not been able to implement crypto as a means of payment, they have a variety of reasons from their country's background. but indeed we hope that crypto will later be used as a full currency

Granting that people need money, in future people will need crypto-currencies. I agree with Chikitita, world is going to be digital, new generations
will be digital generations. There can`t be only one, crypto-currencies already made an eco-system, with so many coins, tokens, platforms, in next
few years we will see weak going down, and strong staying and getting stronger. I believe we will see many new ones.

People soon or later move to digital payment but i dont think it will be a cryptocurrency. Cryptocurrency will needed as internet currency because cryptocurrency is peer to peer transaction but to replace fiat money, i dont think it will be easy. Government or central banks must be wont lose control on money supply and central banks could create their own cryptocurrency

Bezobraznike

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Quote from: awik p on February 05, 2019, 04:06:26 AM

Quote from: Chikitita2004 on February 04, 2019, 05:34:02 PM

Granted that the world is coming to a more digitized generation, at the moment I cannot see it yet starting. If one country will have their own cryptocurrency, that will be for sure a centralized one and I don't see it possible for the whole world to have a single currency in crypto. As of now it is still well with fiat and local currencies and managing.

I think fiat currency is still feasible to use even for a long time. moreover now many countries have not been able to implement crypto as a means of payment, they have a variety of reasons from their country's background. but indeed we hope that crypto will later be used as a full currency

Granting that people need money, in future people will need crypto-currencies. I agree with Chikitita, world is going to be digital, new generations
will be digital generations. There can`t be only one, crypto-currencies already made an eco-system, with so many coins, tokens, platforms, in next
few years we will see weak going down, and strong staying and getting stronger. I believe we will see many new ones.

awik p

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Quote from: Chikitita2004 on February 04, 2019, 05:34:02 PM

Granted that the world is coming to a more digitized generation, at the moment I cannot see it yet starting. If one country will have their own cryptocurrency, that will be for sure a centralized one and I don't see it possible for the whole world to have a single currency in crypto. As of now it is still well with fiat and local currencies and managing.

I think fiat currency is still feasible to use even for a long time. moreover now many countries have not been able to implement crypto as a means of payment, they have a variety of reasons from their country's background. but indeed we hope that crypto will later be used as a full currency

Chikitita2004

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Granted that the world is coming to a more digitized generation, at the moment I cannot see it yet starting. If one country will have their own cryptocurrency, that will be for sure a centralized one and I don't see it possible for the whole world to have a single currency in crypto. As of now it is still well with fiat and local currencies and managing.

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