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.
This wont happen because not all people know what crypto currency is. I cant see any reason that flat currency will be elimated. In addition without internet you cannot use your crypto. Other crypto are not yet acceptable in any store where you can use it when it comes to paying bills or other stuffs. Flat currency will alwyas remain no matter what happen.
Topic: Please, we should not totally eliminate fiat currency - page 3. (Read 27244 times)
It isn't about us eliminating fiat currency. Things happen naturally, in terms of if financial markets push fiat currency out of existence, then that's what was meant to be. However, if there are uses for fiat currency in the future then it will probably stay. We can't predict the market, so we should just do what's right and see what happens.
We are not able to eliminate fiat currencies.We don"t have that kind of power
But we are close to time when Central Banks will issued his crypto currencies
They will be issued by Central Banks so that kind of currencies will be not decentralized like bitcoin and other crypto are.China is close to release his Digital Yuan. EBC wants to develop his digital euro.That idea is very much supported by Madame Lagarde .I think Russia can follow But i am sure that cash will remain for longer time
But we are close to time when Central Banks will issued his crypto currencies
They will be issued by Central Banks so that kind of currencies will be not decentralized like bitcoin and other crypto are.China is close to release his Digital Yuan. EBC wants to develop his digital euro.That idea is very much supported by Madame Lagarde .I think Russia can follow But i am sure that cash will remain for longer time
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 is surprising that people want to destroy Fiat, despite the fact that in 90% of cases they themselves buy food for Fiat. Personally, I do not want to destroy anything. I wish the largest possible number of people and legal entities use cryptocurrency.
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.
What will eliminate the fiat system is not cryptocurrency but time which is inevitable to change.
Cryptocurrencies are considered the top choices when the world adapts to an implementation of electronic cash. Merchants nowadays begin to accept bitcoin as a form of alternative payment to their respective products/services and there are other large companies that began accepting cryptocurrency as a whole.
Also do note that due to a large economic discrepancies among developed, underdeveloped, and developing countries, the latter will have a difficult time adjusting due to lack of access to such. That is why, cryptocurrency will not be able to replace fiat today but MAYBE in the future once we shift to the modern era.
Fiat cannot be eliminated because the entire world populace is not educated. There are lots of places where it will be difficult to transact without fiat. The traditional system of the financial transaction cannot be eliminated. This is the system my grandparents believe on, and it is easier for dem to transact without fear, fraud is highly reduced and trust is strongly initiated.
That is correct. Countries who are on the short end of the stick will suffer more in the damage compared to developed countries who has the potential to own the majority of its supply.
Even though we would like to eliminate the fiat currency, we just can't do that. The governments, the whole world, just purely rely on the fiat currencies. Fiat currencies is the stable type of money and fiat will stay in our world, even we like it or not. Fiat currencies are always be the base money for us, even we invested and profited from our investments, we will always back to fiat currency.
Fiat cannot be eliminated because the entire world populace is not educated. There are lots of places where it will be difficult to transact without fiat. The traditional system of the financial transaction cannot be eliminated. This is the system my grandparents believe on, and it is easier for dem to transact without fear, fraud is highly reduced and trust is strongly initiated.
But who said FIAT is gonna be wiped out from use ? So far FIAT is a currency that governments declared it legal and backed it up. I assume you're thinking that in the future Cryptocurrencies will take over FIAT and it will make FIAT go abolish but this is a long process that maybe our grandsons will live those time rather than us.
Right now if you go in 70% of the countries of the world , 90% of the people still don't know or don't believe in crypto or Bitcoin and then if you go further and ask them if they could start use Bitcoin instead of fiat, they will think you're nuts as they want to have something "in hand" that actually have value.
Right now if you go in 70% of the countries of the world , 90% of the people still don't know or don't believe in crypto or Bitcoin and then if you go further and ask them if they could start use Bitcoin instead of fiat, they will think you're nuts as they want to have something "in hand" that actually have value.
Fiat currencies will not be eliminated. Dreaming about cryptocurrencies to replace fiat is pure utopia.
Traditional financial.and economic system is based on fiat and it will stay so. Cryptocurrencies don't have the potential to carrey out economy and financial system and can't give it stability that is needed. But I guess only few crypto users don't realise that fiat money will stay dominant.
Traditional financial.and economic system is based on fiat and it will stay so. Cryptocurrencies don't have the potential to carrey out economy and financial system and can't give it stability that is needed. But I guess only few crypto users don't realise that fiat money will stay dominant.
I agree with you 100% its true!!
Fiat currencies will not be eliminated. Dreaming about cryptocurrencies to replace fiat is pure utopia.
Traditional financial.and economic system is based on fiat and it will stay so. Cryptocurrencies don't have the potential to carrey out economy and financial system and can't give it stability that is needed. But I guess only few crypto users don't realise that fiat money will stay dominant.
Traditional financial.and economic system is based on fiat and it will stay so. Cryptocurrencies don't have the potential to carrey out economy and financial system and can't give it stability that is needed. But I guess only few crypto users don't realise that fiat money will stay dominant.
People love cash, i do like cash, cash is king!!
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.
Not only about liquidity in rural areas and those who do not know how to use technology. The bigger issue is politics and history. Fiat money has a lot of historical value and is very political, we cannot eliminate it and replace a common currency.Although it is a good theory that the whole world uses a common currency, regardless of rich and poor, there will be rich countries that disagree and poor people will have difficulty in using cryptocurrencies.
Therefore, we should still keep fiat and cryptocurrency circulating and it will create a much bigger value.
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.
LOL.... sounds as if Bitcoin is in a commanding position to eliminate fiat currency from the globe. But the reality is far bitter than that. It is an entirely different topic what the crypto-users want to do with fiat. What matters is whether they have the means to do that or not. All I would say is that, right now cryptocurrency poses no challenge to fiat cash in any form.
I have no problem with fiat currencies, but I have problem with the complexity of fiat, you have to go through complex process to move your money or take it out. Bitcoin gives us a solution that made our life much easy, thanks to bitcoin I have opportunity to invest and make money without complex steps and high fees.
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 don't want to eliminate fiat. And even if I want to. We can't just eliminate it. Fiat is useful in the rural places, some places in every country don't know crypto-currency. However, if we all people in the world have access on the internet, and afford to buy gadgets to use crypto-currency I think it is possible to eliminate fiat.
For now yes, but when the world is fully digital I think we don't need fiat, we need cryptocurrency and for physical money is the Gold. Fiat is just used for now because we are not totally adopting the bitcoin, let's just wait and see what will happen in the future. But for me, the bitcoin will the mode of our payment in the future.
You can not worry about the national currencies of various states. They existed for more than half a millennium only in our civilization, and probably as many will exist. Cryptocurrency will not be able to destroy the usual currency. They must exist in full, then they will benefit the person. Yes, we still do not know where the development of cryptocurrency will lead us. Full dependence on technical means, it is still a dependency.
Only crypto maximalist are thinking that we should. Maximalist are not so smart people, usually
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 excepf ft fiat like in rural places without computers or even internet facilities.
I would not want it to happen as well,cause it means for it to replace fiat and be universally accepted,Bitcoin should be stable and controlled.
although Bitcoin is designed to be opposite of fiat but we say that Bitcoin is the future and its all about probability so future can only tell.
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 don't believe that those people who wants Fiat will be eliminated is really sincere when they say it specially on this bearish market. Now that the market become bearish for a long time they realized now that what they are wishing is very impossible to happen, that in time of this unhealthy environment and financial crisis we are all still depending on fiat currency not to crypto currency.
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