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 makes no sense if fiat has to be replaced, unless each government has found a currency as a more profitable fiat replacement. why today some threads are discussing about replacing fiat which in my opinion has no accuracy and the reason is not yet reasonable. Fiat will still be used as usual and so far no country has reported that it will eliminate fiat let alone replace it with another currency. 
Topic: Please, we should not totally eliminate fiat currency - page 12. (Read 27244 times)
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.The fiat money is still to be used because the people already have been trust it than Crypto or digital money.
really true, we must still use FIAT to transact as an alternative currency where we can also use cryptocurrency easily and safely as the main currency
because these two types of currencies have different advantages and disadvantages, so we must still be able to use these two currencies correctly and according to their portions
People won't understand they'll still use bitcoin because it can help you to getting rid with tax.If government become poor he will not able to see the progress of our country.because these two types of currencies have different advantages and disadvantages, so we must still be able to use these two currencies correctly and according to their portions
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.
Definetly thats true,for us now we should not totally eliminate the fiat currency and even in the future we could not implement fully a cashless society all over the worlds,because not all country should aware this crypto technology,because there are some country who belong into the thirds poorest thats have no internet connection and computers and even the people become wonder what kind of oppurtunity this crypto and they need to be educate.
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. 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.
Yep, that is very accurate. In my country, there are only few cities that keeps up with the latest tech and trends and the rest are not familiar with those. I bet that they will feel intimidated if I let them use my smartphone. But unless that they accept the idea they are paid with food and other daily needs in exchange of their service.
Of course we cannot eliminate fiat we can only create a digital fiat currency like tether or usdt backed by the real us dollar currency but we cannot totally eliminate the paper money its the most used and simplest ways to pay and buy goods with fiat especially in small transactions without the use of any technology.
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 still can use gold. Fiat is unfair, it has no intrinsic value, look at bolivar. Imagine if your fiat is become worthless like bolivar. fiat market is being manipulated. Inflation of fiat makes you poor, I don't say that bitcoin must replace fiat but fiat must be replaced by something better. 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 don't think it's enough for the next 10-15 years. with at least a number of countries receiving btc, their development has been hampered. so it still takes a lot of time to replace it, because each country has different reasons for refusing btc
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 don't think it's enough for the next 10-15 years. with at least a number of countries receiving btc, their development has been hampered. so it still takes a lot of time to replace it, because each country has different reasons for refusing btc
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 don't think it's enough for the next 10-15 years. with at least a number of countries receiving btc, their development has been hampered. so it still takes a lot of time to replace it, because each country has different reasons for refusing btc 
You say 'we should not' as if we actually could.
There will never be total acceptance of Crypto, let`s be honest. Some countries will never accept it completely, as it has different features than fiat and is not that suitable for government control.
This countries will push for their fiat currency, and something tells me that the USA will be among this countries.
let's not think about the legality of bitcoin, because it's the authority of the government and we don't know whether they will do it or not, focus on the core of the problem. you're right that the government will always manage fiat's local currency to stay alive and become the main currency, fiat will never obsolete and be eliminated There will never be total acceptance of Crypto, let`s be honest. Some countries will never accept it completely, as it has different features than fiat and is not that suitable for government control.
This countries will push for their fiat currency, and something tells me that the USA will be among this countries.
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.
Fiat currency is what we need to maintain the global economic system. From my point of view, even cryptocurrency has a lot of advantages, it still can not become an official currency and we also can not eliminate fiat currency.
We can do this because it is a currency only but crypto currency is an investment as use to invest it for our better financial crises. We can reduce the number of crises and we can get better earning resources we should try to use crypto currency the most as it gives us profit as well saves our future we can do anything with crypto what we can do fiat, so the future of fiat is not so good according to me.Fiat currency is what we need to maintain the global economic system. From my point of view, even cryptocurrency has a lot of advantages, it still can not become an official currency and we also can not eliminate fiat currency.
We can do this because it is a currency only but crypto currency is an investment as use to invest it for our better financial crises. We can reduce the number of crises and we can get better earning resources we should try to use crypto currency the most as it gives us profit as well saves our future we can do anything with crypto what we can do fiat, so the future of fiat is not so good according to me. 
I don't think it will actually replace fiat. It is something that might not happen because cryptocurrency is also dependent or is affected by fiat in terms of marketability. The main reason why people would want to invest in cryptocurrency is because they would want to earn money or fiat, that is why there are exchanges facilitating conversion between the two otherwise exchanges wouldn't care about fiat to cryptocurrency conversion and instead would focus on crypto to crypto conversion.
You are wrong here. Crypto currencies are no way dependent on fiat or its value. Fiat is just used relatively to measure the value of crypto currencies. If fiat ceases to exist, this does not mean the bitcoin or other crypto currencies will be destroyed. In fact, we might be getting into better terms of usage of bitcoin. That is people will start setting prices of goods and services using bitcoin. What I mean is, the way they set their price of an item using USD. Just think the other way, how to people set the price of items in US dollars when they the USD itself is not backed my anything?
You say 'we should not' as if we actually could.
There will never be total acceptance of Crypto, let`s be honest. Some countries will never accept it completely, as it has different features than fiat and is not that suitable for government control.
This countries will push for their fiat currency, and something tells me that the USA will be among this countries.
There will never be total acceptance of Crypto, let`s be honest. Some countries will never accept it completely, as it has different features than fiat and is not that suitable for government control.
This countries will push for their fiat currency, and something tells me that the USA will be among this countries.
I don't think it will actually replace fiat. It is something that might not happen because cryptocurrency is also dependent or is affected by fiat in terms of marketability. The main reason why people would want to invest in cryptocurrency is because they would want to earn money or fiat, that is why there are exchanges facilitating conversion between the two otherwise exchanges wouldn't care about fiat to cryptocurrency conversion and instead would focus on crypto to crypto conversion.
I dont think its a good option to off the fiat currency they cannot afford crypto to replace it since it was limited reserves, 2021 is bitcoin mining is finish and mining we need it to run the system.
In my opinion if people stay in crypto market for long time and do not quit, the investment cap will not decrease and I hope due to this the price will go up but never down. You are right patience is required for staying crypto for long time. Other thing is trust and belief. If people believe crypto they will invest their money and the demand for crypto will increase and so the price.
Nice post.But watch where you tread. Fiat will be eliminated on its own without our meddling. US dollar is strong today but it is weakening every day and every year. Look up US debt and you can understand.
Just don't let your ego making you feel bad. Even though US dollar is becoming weak everyday but that's pretty normal for flat currency experience those kinds of stuff(that's what we called inflation/deflation) but just imagine using cryptocurrency yet some peoples still doesn't know how to operate them. That's silly to force your opinion. Jump to: