Please, we should not totally eliminate fiat currency - page 18.

futile-resistance

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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.

Between fiat and cryptocurrency of there is anyone that is likely to get eliminated, then it is cryptocurrency, let’s just say the truth. Cryptocurrency can’t beat fiat.

Fiat has been around for long like centuries and cryptocurrency is just a decade and you think it will be possible for cryptocurrency to eliminate fiat. These things will have their own purposes, none is leaving. So let’s stop comparing the both and putting confusion on ourselves.

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I don't think it will be possible because there will still be many who use fiat currency to make sale and purchase transactions using payment methods using traditional money or fiat currency, because I am sure that cryptocurrency or digital currency will not be used for everyone, surely only some people understand how to use digital currency.

zubrr51

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As soon as some kind of cryptocurrency becomes really more convenient for payments, people themselves will forget fiat money.

Faeton

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National money of the states will not disappear anywhere. As long as each state has its own economy, until then there will be national money that is tied to the economy of this country. And the very idea of a complete transition to the use of cryptocurrency is simply absurd. This cannot happen in practice. Such a transition would mean very big problems for the economy of any strong state.

cizatext

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Fiat money will forever remains very relevant in our society and it the fiat currency that the financial institutions of various countries of the world recognized due to the fact that it the government assets and their are able to control it activities and usage. So the presence of crypto can never eliminate the relevancy of the fait money.

Agniya

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I do not think that we will fully succeed. Even now there are those who use wired phones and do not know what a wifi is. Therefore, there are always people who will continue to use fiat.

Crazycrearu

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Fiat won't disappear, don't be afraid, it's impossible to happen given the fact it's still the most popular type of payment in the whole world.

ocid

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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.

actually, I don't think we should eliminate fiat currency just to advance crypto's growth because after all the role of fiat as a traditional currency that has been embedded in society is certainly still needed, especially as you say that in areas that are still not affordable by internet technology of course it will still be very difficult to use crypto as a method for conducting transaction activities.

snaper14

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i do not think that it is going to happen since countries can not do without fiat currency there will be a big mess and i do not think that someone will like and support this idea.

engrshu

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No matter how much you want to eliminate fiat, you just cant. The majority of people cannot access internet wherein thats the main path of digital currency. Even though crypto will boom, fiat will and always remain in circulation. Normal people needs it.

Cling18

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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.

We can't elliminate fiat no matter what we do. It is a part of our system that we cannot replace. No matter how advanced the technology is, fiat would always be fiat and it would be hard to elliminate it because it is well known better than any means of payment transactions.

waqasniaz007

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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.

Before there there was no internet but later internet reached at most of the rular areas and people were started using it. Now a days u can buy sell crypto through mobile and mobile companies provide internet facility.

Penthesilea

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Money contributes to human life right from the beginning of society. At the present time, all transactions from the cryptocurrency market are converted into currencies. I think crypto is modern and currency is a tradition.

yitzjoe

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Until now Fiat is a legitimate value provider and is recognized by all countries in the world, where they have their own currency which can be converted or exchanged into other currencies. Fiat will be useful for offline payments that crypto cannot pay

Seeker#9

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Quote from: Angi on September 30, 2018, 10:05:04 PM

Fiat money is our traditional way of transaction were we are and fiat is acceptable to all nations even in rural places so fiat is not merely replacing because of OP said that their is many places that to internet connection or what should I say is digital things so if they wan't to use digital money its hard to them.

Majority of the people around the world used fiat for their daily transactions and they preferred it because it is more convenience to them to use than the digital curencies that are getting popularly use in the modern cities or in the wealthy countries. A lot of people still don't know how to transact online and the internet itself is not yet widely use in their countrysides so fiat will still be their preferred choice of transactions. Fiat might also going to coexist with cryptocurrencies instead rather than eliminating it.

demonz666

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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.

You're right even though in the future cryptocurrency has grown rapidly Fiat money will not disappear. Fiat money will still be used for buying and selling activities. if we buy vegetables and fruit we will still use fiat money. it's impossible to use cryptocurrency. because most of the vegetables and fruits are produced from the countryside. and it is difficult to access internet and some people don't know cryptocurrency. and I think digital money and fiat money can go together without losing one.
and such as natural disasters that make the electricity network and internet dead. and fiat money doesn't exist then we will be in trouble. so fiat money must still be there.

biletskiy

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Quote from: Angi on September 30, 2018, 10:05:04 PM

Fiat money is our traditional way of transaction were we are and fiat is acceptable to all nations even in rural places so fiat is not merely replacing because of OP said that their is many places that to internet connection or what should I say is digital things so if they wan't to use digital money its hard to them.

Fiat will be used always. Even IF the cryptocurrency gains the greatest popularity, the traditional money will circulate in each country. people will never refuse from it.

efxtrader

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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.

As long government run, i am believe fiat money still needed. Fiat money indicating many economic aspec, its like face of economic situation in one country. Cryptocurrency can not eliminate fiat money because many people will prefer use it in domestic area

aeternus

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Quote from: Apes on October 04, 2018, 10:16:32 PM

this forum does not attempt to get rid of FIAT in its use. in this community only trying to make cryptocurrency more popular with the public and accepted by the world. FIAT and crypto use is very different in daily use. they have pros and cons. wrong if there is an assumption of cryptocurrencies as a substitute for FIAT. we are working for so that crypto currencies are more existent.

While there are many members of the community that want that cryptocurrencies become adopted globally and have no desire for fiat currencies to disappear there is also a portion of the forum that would like that fiat disappeared, but as we know that is simply impossible, governments are not going to allow that and they're going to do everything to avoid it.

dat.ho12492

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Quote from: Janation on October 04, 2018, 10:51:57 PM

Quote from: umbara ardian on October 04, 2018, 10:40:58 PM

I think this fiat currency will not be easy to eliminate, this fiat currency will still use it for payment and for traditional transactions that are still often done by people of old.

If I will be asked about this, the word is not eliminate since fiat is being used for a long time now and with the value of it on the people using it, eliminating it is close to being impossible. It may be changed into something but not be eliminated.

Cryptocurrency will be used as a payment method in the future but I don't think it will be Bitcoin sincr Bitcoin in that time will be having a huge value to be only used as a payment method.

Exactly, removing fiat is not possible because the role of fiat as bitcoin, it is the leader and opens up a modern era for people, making the transaction more convenient, and it has a very solid foundation, nothing can eliminate it. Cryptocurrency is just another payment method, it is similar to the altcoin, its role is only to support the main character, it does not have the capacity to replace the fiat's position because the level of the fiat is too high while the crypto is just a baby

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