Topic: Is Fiat Currency completely irrelevant to cryptocurrency - page 2. (Read 630 times)
In actual senses and as far as crypto currency is concerned, fiat can not be over emphasized. Reason being that to secure bitcoin or any other crypto currency, we need fiat for valuation especially inter country transaction.
we need fiats, it makes for better valuation of crypto-currencies and better adoption.
Both are useful in their own ways. I think this topic is getting exhausting. It is as though someone is mandated to talk about Fiat and digital currency daily. In the real world, I don't think this argument exists. Neither is in the way of the other. I also don't see Fiat currency going away. Not even in the future. We can always keep using both.
Actually, there is a big difference between Fiat ( Euro, Dollars, Yen.. ) and cryptocurrencies , and I think the are of Fiat will disappear in the future ( maybe few years ) especially if the big governments cannot destroy Bitcoin, and I do not think that they can, because the digital currencies are very secure, despite many attempts , but fortunately Bitcoin is still existing in the market.
As a matter of fact, I think we do need FIAT in the future, and in this era the digital currency is something who has a big advantages ( especially no taxes, and no exploitation like the banks ) .
As a matter of fact, I think we do need FIAT in the future, and in this era the digital currency is something who has a big advantages ( especially no taxes, and no exploitation like the banks ) .
There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
Even if some people think that in the future we will be able to do without the usual paper national money, this does not mean that it will be so. Crypto currency will never exist without national money, it can only walk in parallel with them and never replace them. My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
I'm not a financial expert and don't pretend like that, but I think Bitcoin isn't ready to be the only local currency.
Of course if some developed countries with this I would be very surprised, but I know that someone made a jump.
Of course if some developed countries with this I would be very surprised, but I know that someone made a jump.
Though there are a big difference between this two one is visible and another in invisible but they are closely relevant because we need them both and also this two need each other.
We are still hostages of fiat and I do not see this change, even in the long run, because governments will not surrender to crypto as means of payment.
It is impossible for fiat money to be eliminated because of cryptocurrency. During this life there is paper money will always be there as the most ideal means of payment, because there is real physical. For crypto money because digitally it is not ideal when used for small transactions. Cryptocurrency can be traded with a value calculated with banknotes. So, paper money is very relevant plus cryptocurrency and even complement each other. 
Fiat and crypto currencies are two different thing because fiat is a paper money and crypto currencies are digital currecy. Both are relevant because we use them both and fiat is the most acceptable worlwide while bitcoin is a great investment.
There is a close relationship between Fiat and encrypted currency. We all know that Bitcoin is becoming more and more valuable, and the value of Fiat has been verified by the development of the whole society. I think Fiat can be a good reference for encrypted currency.
It's about demand and usage. When cryot can be used as a form of salary and paying for essential items like rent, bills, food, taxes, then fiat can become a secondary form of currency
There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
Crypto currency is a currency that has value for its investors, so at this time it cannot be equated with the relevant fiat currency if indeed all crypto currencies can be accepted by all countries as the applicable currency to carry out the transaction. The crypto currency can be said to be relevant. My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
It is true that cryptocurrency is getting popular day by day, but it is still a long way to go. In many parts of the world, a lot of people still haven't heard of it, so fiat currency wouldn't be irrelevant so soon.
Fiat Currency is very closely reliant to crypto currency and the prove is if you have fiat but no crypto and you want to enter in crypto world then how would you do you must need fiat.
No, fiat isn't superfluous to the world. A noteworthy extent of the world are utilizing fiat just for their buys. Fiat is the most effortless medium for trading merchandise and enterprises. For individuals who don't approach advanced mobile phones or web can't utilize cryptos. They can't comprehend this innovation. How might you imagine that fiat is unimportant on the planet.
It is relevant to cryptocurrency.The only difference is that crypto is digital money, you may send payment or money through coins.ph or gash, no hassle.Fiat is the one thats is tangible.
Fiat is completely relevant to cryptocurrency - certainly for the foreseeable future (IMO).
99.9% of those involved with any form of cryptocurrency measure their holdings in fiat currency - everything comes back to the US Dollar. I don't have the foresight to imagine a world within centralised fiat currencies.
99.9% of those involved with any form of cryptocurrency measure their holdings in fiat currency - everything comes back to the US Dollar. I don't have the foresight to imagine a world within centralised fiat currencies.
There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
Fiat is connected to cryptos as it is only the physical money and cryptos are implied onto technologies. And, cryptos cannot be used in physical world as of now without the means of fiat exchanges
for the now, it is highly relevant and important to the cryptocurrency as loads of people seek for a means through which they can directly wire their money to their local accounts without going through unnecessary processes and procedures. but after the world has accepted the crypto currency, it will be almost irrelevant to it
Fiat money and cryptocurrency are unique. I think both are quite relevant and related because their functions are the same, but with many advantages that exist in cryptocurrency. The problem here is that there are still many people who have not used cryptocurrency and the public also believes in fiat money because crypto is considered quite complicated.
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