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.
For the complete destruction of Fiat money does not need a lot of time. To switch to the new format, the state needs one or two years. About credit cards also said (that it takes a long time), but now they operate even in the village! 
Topic: Please, we should not totally eliminate fiat currency - page 29. (Read 27244 times)
No one wants to eliminate fiat currency. Even the crypto-coins are traded versus fiat currency. But in the near future, the digital versions of the fiat may get more popular than the physical versions.
Majority of the world's population uses fiat and government are not inclined to eliminate fiat because it is vital to their ecknomy and financial stability. Bitcoin and other cryptocurrencies will only replace fiat if the whole world turn to virtual currency as their new mode of transaction or payment. Fiat and cryptocurrencies can always co exist without eliminating the other currency and people will decide in which currency they will going to use.
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.
Central Bankers are in control, in the future you would be required to move to the City and use Cryptocurrencies to transacts. It will become a norm as a centralized digital currency is ideal to control the masses, whereas papers will fail over time. There will still be a use case for Fiat currencies but it makes more sense to get people to use a Digital currency since it's easier to govern people through a centralized monetary system that uses cutting edge technology
I would like to have a mix and not everything recorded on a distributed ledger!
Fiat currency will not be replaced quickly because I feel it takes a long time to change it with Cryptocurrency
Nobody can replace the currency fiat with a decentralized crypto currency, because it is simply impossible. In South Korea, they experiment on replacing the local currency with their centralized crypto currency. To replace it with a centralized crypto currency is still possible, although it will be rather difficult to do technically and organizationally. Let's see how people take this innovation. I do not think that it is possible and necessary to completely replace local currencies with its own centralized crypto currency.
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.
Thats why we promote crypto currency to the whole world to replace fiat money to the people become convenient when it comes to process to any kind of transaction. We are not againts fiat money but we wanted to make fastest way of processing like this crypto currency.
Yes, there is no chance for fiat money elimate in this world. crypto and fiat ahve different purpose so both are good to be use. Dont worry about it, there are places like what you had said rural places whereby no technology. Crypto needs gadget and internet, and not all cant provide it. Social life has more use of money like buying food in public market.
Crypto is not fit on it
Crypto is not fit on 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 also trade gold and silver for products. The only reason fiat is there is because we allow it.
Fiat does give you privacy as well. With all the KYC boys fighting to make sure we have to prove our ID before we use crypto the only place we will have privacy is with fiat, gold or silver. The entire crypto movement will be lost and under government control because people were pissed about scammers and wanted their 55 shit tokens that are worth .82 cents because some guy who lives off of $35 a year had 4 twitter id's. That's all fixed now though with KYC. The govt has you by the balls and can see every transaction and the guy making 35 dollars a day is now making 150 a day. Your sadly also now making 150 a day. It's whats fair!
yes, fiat currency must exist and so the traditional market must continue to run normally as usual. so that the economy in all sectors can run well.
Fiat currency will not totally be eliminated ,for it can still be used to places ,that are not urbanized wherein the internet access will not be available or no signal at all, because cryptocurrency even if it will be worldwidely used ,not all places in earth can be internet access by everybody, so fiat currency csn still be used and not totally eliminated from the circulation of money.
Yes we need fiat currency and it will eliminated completely. Eventhough cryptocurrency is legalized by many countries still people in that country using fiat currency. So cryptocurrency is also used and at the same time fiat also used by the people. Cryptocurrency is another form of currency used by people because the transactions made by cryptocurrency anywhere anytime.
Fiat currency will never be eliminated and replaced by Crypto. Even though digital currency now is becoming a trend that offers much advantages and it is not only digital money, it is such as money industry. It can not change the fiat currency. Digital money just being an alternative currency which is used in certain transactions only.
For now Fiat will not be eliminated but in the future it will probably happen, as the development of technology is not impossible but the government will look at the economic conditions of all its people first.
I think fiat will still be widely used by people even how many years from now because using of digital currency should still be approved by all sectors of the government and this may take place maybe in the future.
For now Fiat will not be eliminated but in the future it will probably happen, as the development of technology is not impossible but the government will look at the economic conditions of all its people first.
We can't totally eliminate fiat. If we end up eliminating fiat totally, how do we ecpect the old people to survive or the people in remote villages either to survive? We need fiat too.
At any time period there is nothing to worry about, the growth of fiat happens on its own. The dependence over fiat is much high compared to that of the cryptocurrency dependence. Also, there is no more possibility for the elimination of fiat currency considering the growth of cryptocurrency.
People still hoping that the fiat currency will be eliminated are just being unrealistic because for what I know, we still need fiat currency to function in the society.
Yes.Fiat currency still fulfill all our basic needs so it should not be eliminated as easy as that.Maybe in the future more people will be exposed to cryptocurrency but expect that lot of people too would still use fiat currency knowing they find it more easy to use and have been used of it already for a very long decade. 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 happen that fiat money eliminate because it is used worldwide in all things anytime anywhere unlike digital currency which is limited in uses. We can't use it without internet connection and it can't be use also in some other things.
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 would never be eliminated in any aspect of the economy. It plays a vital role in the economic growth and people knew it as the only currency to be used directly and easier around every corner of the world. Digital currency might be on trend but it can't replace fiat that easy.
Jump to: