Please, we should not totally eliminate fiat currency - page 11.

Bellator

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Quote from: S4VV4S on November 12, 2018, 11:04:23 AM

Of course, fiat money there will always be in this world, even if later Bitcoin will received and passed on as a valid
means of payment on of all the country. I think fiat money is capable of walking together with Bitcoin.

It wil be a long, tedious process of eliminating the use of fiat money. If it would be possible in the future, it will still take a lot of time and effort. As to the concern of lack of internet connection on some rural areas, it can still be addressed in the future but completely replacing it with crypto is quitely near impossible for now.

fangbian

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We should not want that to happen because FIAT has been for us for years and many are not ready for a new currency yet.

juntop1

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Currently, it is impossible to eliminate fiats. The world is moving towards digitalization and being cashless, but some parts of the world have neither Internet nor computers to be involved in that process. Population in some countries is still starving, they don't care about crypto. Fiat won’t disappear, otherwise, it would mean that government and the economy have failed.

cetald

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Quote from: Sama517 on August 30, 2018, 06:33:41 PM

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.

I fully support the opinion of the author. In my country, for example, there are a lot of settlements in which there is no mobile Internet. I'm not even talking about African countries. It is still very early to refuse fiat money. I think this is a question for at least 100 years.

S4VV4S

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Of course, fiat money there will always be in this world, even if later Bitcoin will received and passed on as a valid
means of payment on of all the country. I think fiat money is capable of walking together with Bitcoin.

bitbunnny

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Quote from: MFahad on November 12, 2018, 10:43:53 AM

Quote from: Shiversnow on November 06, 2018, 08:57:41 AM

Quote from: Sama517 on August 30, 2018, 06:33:41 PM

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.

Its hard to eliminate the fiat cryptocurrency because its our traditional money and most of people in the world always use and I think even the government will not agree on eliminating fiat currency. Internet is the thing that we need to have if we want to use cryptocurrency so that without it we can't transact to each other.

Eben though it seems impossible to eliminate fiat in the current circumstances but i still have a feeling that anything is possible. The way people are adopting bitcoins and crypto currencies, the time is not far away when we will only see bitcoins and other digital assets and no sign of fiat currencies.

Fiat currencies will not be eliminated because the economy of whole world is based on them and not Bitcoin or any other cryptocurrency have the potential to replace it.
But that doesn't mean that fiat money will not go through some changes and cryptocurrencies will definetely contribute to that. But fiat money will survive and we can find the way for traditional currencies and virtual currencies to function together.

MFahad

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Quote from: Shiversnow on November 06, 2018, 08:57:41 AM

Quote from: Sama517 on August 30, 2018, 06:33:41 PM

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.

Its hard to eliminate the fiat cryptocurrency because its our traditional money and most of people in the world always use and I think even the government will not agree on eliminating fiat currency. Internet is the thing that we need to have if we want to use cryptocurrency so that without it we can't transact to each other.

Eben though it seems impossible to eliminate fiat in the current circumstances but i still have a feeling that anything is possible. The way people are adopting bitcoins and crypto currencies, the time is not far away when we will only see bitcoins and other digital assets and no sign of fiat currencies.

ict

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Fiat currency will not be lost at any time. Fiat currencies will continue to be used in all countries even though the development of digital currencies is increasingly rapid and all countries have used digital currencies. Fiat currency will still be used because not everyone understands digital eyes and not everyone can use it. so fiat currency is still needed.

West0813

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There are truly allot of people here that wanted to eliminate fiat currency. But in fact, fiat currency are more accessible for all people. Especially for those people who has no knowledge about cryptocurrency. So what is the point of othe people why they want to eliminate fiat currency.

will2500

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This is understandable, it is too early for people to switch completely to cryptocurrency, for this it is necessary to train each person to understand cryptocurrency and fully legalize cryptocurrency.

ShadowBits

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Quote from: Sama517 on August 30, 2018, 06:33:41 PM

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.

Of course we should not want that to happen because FIAT was been for us for so many years now and a lot of people are still not ready yet for a new currency to come.

Sengoko

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Quote from: S4VV4S on November 05, 2018, 05:08:31 AM

Quote from: Wildwest on November 03, 2018, 01:37:36 AM

Quote from: Sama517 on August 30, 2018, 06:33:41 PM

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 money will continue to be used, it is still considered necessary to be used in daily activities. Cryptocurrency is just an alternative for people who use it as a payment or something else. Cryptocurrency will not be useful in the real world if without fiat money.

Yeah I totally agree with you bro, Cryptocurrencies just an alternative payment if we buy something in online.
The fiat money is still to be used because the people already have been trust it than Crypto or digital money.

We can’t just deploy bitcoin at fiat place. Fiat can’t be compromised, nor it would be displaced with this crypto. This might happen in next century or even at the ending twenty years of this century. But before, I don’t think so there are ever chances of crypto to replace fiat. You are right that it can be an alternative method of payments but can’t be considered on international level.

Morning honor

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Xircus

Yes i beleive it could not ever happen,fiat is made since then even if were not yet born so it is impossible to happen,paper money is nice to keep than money on air,air by air in paying/buying is different than holding by your hands,,,so i beleive no one can elimate fiat money forever.

dimox

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hee, im not sure if crypto can totally eliminate fiat. and i think in future, every country will try to make their coin based on their fiat. every country will have different price, and they will combine it. so, if someone try to pay in crypto or cash, its okay. im not sure if in every second people will always life with internet, sometimes you will throw the internet and totally off from internet

sakokinak

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Quote from: SkvorNyc777 on November 02, 2018, 06:34:49 PM

I agree with you that for nearest 10-15 years fiat currency will be still needed in our society but with time it should be totally eliminated. We need to develop and accept new things.

I do not believe that one day we will get up and realize that we will never deal with fiat anymore. I guess, traditional money will never die. It is needed by everywhere for the everyday needs.

UNOE

sr. member

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This is personal

We do not need fiat currencies, how we could be without them for thousands of years and now we can not. I know that we live in different times, but do we really need money that is not backed with anything?

Shiversnow

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Quote from: Sama517 on August 30, 2018, 06:33:41 PM

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.

Its hard to eliminate the fiat cryptocurrency because its our traditional money and most of people in the world always use and I think even the government will not agree on eliminating fiat currency. Internet is the thing that we need to have if we want to use cryptocurrency so that without it we can't transact to each other.

smile1218

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Quote from: Sama517 on August 30, 2018, 06:33:41 PM

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.

Right now no one can really eliminate the fiat currency it would only happens if the whole wide world accept and adopts all kinds of crypto currency and ready to use digital currencies. That i think it would happen in so many years little by little.

fauzan Ichsan

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Quote from: darefreads on November 05, 2018, 08:14:44 AM

I think that was not the purpose of Cryptocurrency it just a another way of making it easy for the payments of any transactions that are being made by us. And I think it is a good way to make a easy living just like how other currency purpose.

right, cryptocurrency provides an alternative payment through blockchain system, where payments are made in a decentralized and transparent system, although i believe that evolution exists, but it will take a long time to achieve what you mean

darefreads

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I think that was not the purpose of Cryptocurrency it just a another way of making it easy for the payments of any transactions that are being made by us. And I think it is a good way to make a easy living just like how other currency purpose.

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