There are many more reasons why crypto should not replace fiat money. Just like our poor people, it is difficult for them especially when they are not earning enough to use, buy, mobile phones. It also includes those who have not completed their studies. I think it would only happen if everyone in our world had the same view, the same thought, the same thing, all the same and it didn't happen because the world needed balance! nor does it happen that fiat money can replace crypto!
Topic: Please, we should not totally eliminate fiat currency (Read 27265 times)
There are many more reasons why crypto should not replace fiat money. Just like our poor people, it is difficult for them especially when they are not earning enough to use, buy, mobile phones. It also includes those who have not completed their studies. I think it would only happen if everyone in our world had the same view, the same thought, the same thing, all the same and it didn't happen because the world needed balance! nor does it happen that fiat money can replace crypto!
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Fiat will not disappear, technology has not yet penetrated every part of the country. and also the government still desperately needs fiat as a payment and the value of their economy. In modern financial transactions, digital currency is better in terms of speed ,although we also cannot forget fiat. From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
There are many more reasons why crypto should not replace fiat money. Just like our poor people, it is difficult for them especially when they are not earning enough to use, buy, mobile phones. It also includes those who have not completed their studies. I think it would only happen if everyone in our world had the same view, the same thought, the same thing, all the same and it didn't happen because the world needed balance! nor does it happen that fiat money can replace crypto!
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
We really cannot replaced nor eliminated fiat because as we all know that the fiat is the countries currency in which and also if we replaced the fiat then the crypto or the coins will be the only one we will used and we will measure the exact amount of this currency because there are no fiat we can depends for. You're right with your point that there are still some places that cannot use crypto, just for example are the rural places like province. In my country there are some provinces that still dont have any internet connection nor electricity so we cannot suggest to eliminate fiat.Also we all know that illiteracy ratio all over the world is still very large and those illiterate people will not manage to use the crypto currency. We cannot eliminate fiat currency until and unless all the people around the world know about it.
Fiat cannot be eliminated entirely because it has the full support of the governments and the value of the fiat of a country is used to measure the economic status of the country. Both fiat and cryptocurrency must be allowed to coexist to in order to maintain their unique features to better the financial lives of people.
Any government can be called anti Bitcoin because to some extent, the government exercises control over people, over its citizens, through the use of money.
Therefore, if the government fully supports Bitcoin, this is nothing more than a policy because by default it is not profitable for the government to support Bitcoin because without the proper infrastructure that will remove part of the taxes from the cryptocurrency, the government will simply lose huge amounts of money that are needed to maintain this government and control people.
Whatever we discuss here, the national money of states will always exist, because it is an indispensable sign of statehood. Any questions regarding the circulation of national money is decided by the government, and it will never give up its money. Without its own national money, the state’s economy will be practically unregulated. In this regard, we should not worry about the existence of the fiat currency, so far nothing is threatening it.
True. Maybe this guy is talking about life a thousand years from now. It would be that everything will be payable thru decentralized crypto currencies. We will never know.
But projecting the short term future, it is very hard to imagine eliminating fiat. Even if governments will create their own crypto currency versions, they still be centralized and will co-exist with fiats until slowly the latter fades into existence. That is when everything in the world becomes fully internet installed probably via space satellites.
Whatever we discuss here, the national money of states will always exist, because it is an indispensable sign of statehood. Any questions regarding the circulation of national money is decided by the government, and it will never give up its money. Without its own national money, the state’s economy will be practically unregulated. In this regard, we should not worry about the existence of the fiat currency, so far nothing is threatening it.
Absolutely true. Cryptocurrencies are not threath to fiat currencies and their existance. I don't know why someone thinks that cryptocurrencies could replace fiat money at first place. No state in the world would give up their currencies and economies. Also, to my opinion any economy and financial system based only on cryptocurrencies is not sustainable.
cryptocurrency only serves as an alternative that can be used for transactions such as fiat money, and the two will run together without eliminating each other.
Whatever we discuss here, the national money of states will always exist, because it is an indispensable sign of statehood. Any questions regarding the circulation of national money is decided by the government, and it will never give up its money. Without its own national money, the state’s economy will be practically unregulated. In this regard, we should not worry about the existence of the fiat currency, so far nothing is threatening it.
Absolutely true. Cryptocurrencies are not threath to fiat currencies and their existance. I don't know why someone thinks that cryptocurrencies could replace fiat money at first place. No state in the world would give up their currencies and economies. Also, to my opinion any economy and financial system based only on cryptocurrencies is not sustainable.
Whatever we discuss here, the national money of states will always exist, because it is an indispensable sign of statehood. Any questions regarding the circulation of national money is decided by the government, and it will never give up its money. Without its own national money, the state’s economy will be practically unregulated. In this regard, we should not worry about the existence of the fiat currency, so far nothing is threatening it.
True. Maybe this guy is talking about life a thousand years from now. It would be that everything will be payable thru decentralized crypto currencies. We will never know.
But projecting the short term future, it is very hard to imagine eliminating fiat. Even if governments will create their own crypto currency versions, they still be centralized and will co-exist with fiats until slowly the latter fades into existence. That is when everything in the world becomes fully internet installed probably via space satellites.
Whatever we discuss here, the national money of states will always exist, because it is an indispensable sign of statehood. Any questions regarding the circulation of national money is decided by the government, and it will never give up its money. Without its own national money, the state’s economy will be practically unregulated. In this regard, we should not worry about the existence of the fiat currency, so far nothing is threatening it.
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
We can't really eliminate fiat nor destroy fiat because here in my country there are some places that don't have any internet connections just like rural places as you've said and there is also a person's who don't have the capability to have an internet connection at their home so if we eliminate fiat then it would be hard for them to have a money. In some reasons we can't totally adopt as much the crypto because there are some people maybe the oldies who are not aware of this and they just aware on the money that is a piece of paper as a currency it would very hard for them to adopt this very fast. So we can't abandon fiat for now or even in the future. From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
We get the point and I also think that it is not effective if we are going to totally eliminate fiat. We should just hope that fiat and crypto would work in harmony and surely we will all benefit on that. It is not just about being uncivilized on why we should never eliminate fiat but also with that fact that it existed first before crypto. All of us are using it right now and we will all still be using it up until the future. Banks regulate fiat so if we will always convince them to remove fiat, we would never have the chance of having crypto regulated in the banks.
It would be better if the anti-bitcoin government was eliminated instead of fiat currency 
as far as I know fiat currency is not a hindrance to Bitcoin for mass adoption so there is no need to remove it from the system because things will be more complicated if this happens.
as far as I know fiat currency is not a hindrance to Bitcoin for mass adoption so there is no need to remove it from the system because things will be more complicated if this happens. From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
We really cannot replaced nor eliminated fiat because as we all know that the fiat is the countries currency in which and also if we replaced the fiat then the crypto or the coins will be the only one we will used and we will measure the exact amount of this currency because there are no fiat we can depends for. You're right with your point that there are still some places that cannot use crypto, just for example are the rural places like province. In my country there are some provinces that still dont have any internet connection nor electricity so we cannot suggest to eliminate fiat.well very less people think like you as many people here thinking that cryptocurrency has introduced in the world in order to eliminate the fiat currency and make cryptocurrency as for universal use but i think that crypto currency is very valuable for the online usage as it has much easy payment system and transaction, while fiat has its own uses in our lives.
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
We really cannot replaced nor eliminated fiat because as we all know that the fiat is the countries currency in which and also if we replaced the fiat then the crypto or the coins will be the only one we will used and we will measure the exact amount of this currency because there are no fiat we can depends for. You're right with your point that there are still some places that cannot use crypto, just for example are the rural places like province. In my country there are some provinces that still dont have any internet connection nor electricity so we cannot suggest to eliminate fiat.From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
We really cannot replaced nor eliminated fiat because as we all know that the fiat is the countries currency in which and also if we replaced the fiat then the crypto or the coins will be the only one we will used and we will measure the exact amount of this currency because there are no fiat we can depends for. You're right with your point that there are still some places that cannot use crypto, just for example are the rural places like province. In my country there are some provinces that still dont have any internet connection nor electricity so we cannot suggest to eliminate fiat.From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
We really cannot replaced nor eliminated fiat because as we all know that the fiat is the countries currency in which and also if we replaced the fiat then the crypto or the coins will be the only one we will used and we will measure the exact amount of this currency because there are no fiat we can depends for. You're right with your point that there are still some places that cannot use crypto, just for example are the rural places like province. In my country there are some provinces that still dont have any internet connection nor electricity so we cannot suggest to eliminate fiat. 
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
It will not happened even for a decade. Don't worry.
Most people here just expecting too much without looking at the reality and the massive effect of it.
Crypto will grow more but fiat will still be there.
This will take a long discussion so I will leave a simple statement first.
yes, I agree with you even though cryptocurrency is growing rapidly we still need fiat money for daily use. or if one day there is a major natural disaster, the internet and electricity network will be cut off. of course we will need fiat money. I think both fiat and cryptocurrency can support each other without having to eliminate one of them. and although cryptocurrency is now headed for mass adoption. it will take a long time to be realized.
At this moment, we don't need to eliminate fiat yet, it is too early, still majority of people and government are not in favor in cryptocurrency yet. So, we don't need to make things in a hurry, little by little it should be adopted, time will come when people will fully adopt this changes.
It will not happen because I know that all of the banker will not let it happen. Banker are the most powerful persons in the world because they are the ones who printing money. Even the cryptocurrencies will become more useful, people will still use fiat money because of its uses and important function in our economy.
The importance of fiat, it's symbolizing the governance of the entire country, the political power of those leaders will not allow not to take the fullcontrol of financial system, so even crypto exist to this venue this old system of fiat will continue as the main form of money.
And with your statement, bankers do have the control of the business society they will continue to pursue using fiat as they are the one who's working behind it.
In the next few decades, we still make traditional transactions, and only some transactions can make payments using crypto. In the future, the era of blockchain technology is developing so rapidly that fiat currencies will become memories as paper used for transactions.
There is a problem here when every transaction goes digital even in the future, people will not be willing to pay a transaction fees whenever they spend money and majority of the elected government will face a backlash if they force people to start using digital transaction and completely remove paper currency from the market. Look we have to state the fact that government will not allow a decentralized currency so for people who thinks that we will have a digital world decades later, i am against it because the government will have complete control over what we do with the money we make and that is not accepted. Jump to: