Topic: Please, we should not totally eliminate fiat currency - page 31. (Read 27244 times)
Will it be possible at all to eliminate fiat totally? I don't think so because cryptocurrency and fiat moves hand in hand. I personally like making purchases with fiat curr ncies more than cryptocurrencies.
FIAT currency cannot be replaced fully by bitcoin and crypto because it offers society
a chance to progress through debt. Bitcoin cannot create a debt system like FIAT.
Everyone wants to progress in life whether they want to be self employed or want to
work for someone else. This puts certain demands on a persons financial situation
by way of food, clothing, education, transport and housing.
Everyone speculates to try and progress and we speculate with other peoples money
which the banks issue as loans. As we progress we are able to repay those loans and
avail of more and so on and so on.
Of course it goes wrong sometimes but that is a seperate discussion but Bitcoin cannot
offer this system i just explained so i am happy to use the fiat system for one aspect
of my financial life but bitcoin is truly a seperate part of my life
a chance to progress through debt. Bitcoin cannot create a debt system like FIAT.
Everyone wants to progress in life whether they want to be self employed or want to
work for someone else. This puts certain demands on a persons financial situation
by way of food, clothing, education, transport and housing.
Everyone speculates to try and progress and we speculate with other peoples money
which the banks issue as loans. As we progress we are able to repay those loans and
avail of more and so on and so on.
Of course it goes wrong sometimes but that is a seperate discussion but Bitcoin cannot
offer this system i just explained so i am happy to use the fiat system for one aspect
of my financial life but bitcoin is truly a seperate part of my life
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 not stop the use of ordinary national currencies of different states. Such a decision can only be made by the state itself. And the state will never take such a decision, because its money interacts with the economy of this state. In addition, there will always be a certain part of society that does not want to switch to non-cash forms of payment or crypto-ala due to various reasons.
For those who have big ambitions to replace fiat currency by cryptocurrency are those who are already uncomfortable with the use of fiat currency they are more interested in using cryptocurrency as a transaction system. But of course, I don't agree with that a bit because I really need fiat currency for my daily life. Until now, cryptocurrency is still an illegal currency for use in my country. So, I only use cryptocurrency as a system to get profit either through trading or investment.
It would really be difficult to remove fiat money because this is where users or consumers feel the security of ownership.
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.
Yes it's true some people have posted about eliminating fiat, but those are 1% of the entire community, I do not share their views, and it'll never happen. It's pertinent to remember that fiat can be printed, and is practically unlimited, however bitcoins on the other hand is not. One can do odd jobs, and earn fiat however bitcoins is not affordable by all, also it's not easy to earn them. One of the biggest obstacles in enforcing cryptos for all is, that not all governments welcome it and hence this idea of eliminating of fiat can never take place.
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.
Yes it's true some people have posted about eliminating fiat, but those are 1% of the entire community, I do not share their views, and it'll never happen. It's pertinent to remember that fiat can be printed, and is practically unlimited, however bitcoins on the other hand is not. One can do odd jobs, and earn fiat however bitcoins is not affordable by all, also it's not easy to earn them. One of the biggest obstacles in enforcing cryptos for all is, that not all governments welcome it and hence this idea of eliminating of fiat can never take place.
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.
Almost 90 percent users for each country to declared eliminating fiat currency but for this situation now people are not totally unite and not actually decide on what the best for currency use. Its a long long time to when did it happen so we have no worry about this fiat money will continue support and provide fiat currency for crypto currency user.
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 think that it's up to us whether fiat will ever be replaced completely by bitcoin or not. I think that it's rather unlikely that it will ever happen, considering that as long as the government is functional, there will most likely be a fiat currency which is used within the jurisdiction of them.
What you raise is an interesting point. However, the fact is that even in rural areas now, internet connections are abundant. And don't forget the fact that bitcoin can be accessed using just a phone with no internet access in the most extreme cases as well, there are various services that do this.
I think that the major issue that these rural population face is not really not having an internet connection at all. They are underbanked, or unbanked, due to their physical distances from banks. Bitcoin can really be of help here, in fact, by offering a way for them to save and transact with the rest of the world.
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 happened even for a decade. Don't worry.
Most people here just expecting too much without looking at the reality and the massive effect of it.
Crypto will grow more but fiat will still be there.
Having internet is not the only key for these.
We have lots of things to consider and believed me, bitcoin will not solved all the problem. It's easy to say some solutions but in reality it's hard to implement. For fiat to be eliminated, it needs a global push. When I say global, it must be "all countries". Different countries have different approach about cryptos and no way all of them will have a same stand about cryptos even for many years to come.
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.
Yes. You are right about that. Do not worry. As of now, cryptocurrency can not replace physical money because their has an advantage and disadvantage if physical money will vanish. Personally, I am not agree in a cashless society. It is a brilliant idea to have acashless society but lets consider the other people who did not know the technology and just like what you said the rural areas without a signal.
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated.
You mean, "some people"
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.
humm, in my country no one uses crypto to buy anything, to be more direct, more than 80% or even 90% of people in my country have never heard of cryptos. I believe that 200 years from now all the countries of the world will adopt a single currency. it's a matter of time for this to happen
that's for sure bro. we cannot eliminate fiat currency for now because not all people who can accept the existence of the krypto currency. maybe in the future it can happen
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.
Yes you are right in that case people will still wanting to use fiat in order to survive but for those who are able to invest on cryptocurrency then they are in a huge advantage.
I am of the opinion that we can not totally eliminate fiat currency. Because crypto currency can be used only by using some equipment and internet. May be possible that at some point of time my mobile / laptop is not working; I may not be able to buy the required service. So for emergency circumstances fiat currency will be helpful.
I am not totally into removing fiat currency due to the reasons you have already provided. But there is no denying the benefits of moving into blockchain with the only drawback of difficulty of access to poor folks. But maybe in the future, this can be fixed also.
Fiat will not totally be vanished and eliminated even if bitcoin and cryptocurrency will be legalized all over the world , because there are places that have no internet access and this will make fiat currency ,still be useful
Not everyone uses computers Even though it will disappear a lot of different ways like a smartphone it can be used in crypto but they can not be used without internet connection.
We do not immediately eliminate the fiats, this is the right reason for modern technology development. all people can not decide what they should be using but for us the crypto is like a stone is very hard to break.
We do not immediately eliminate the fiats, this is the right reason for modern technology development. all people can not decide what they should be using but for us the crypto is like a stone is very hard to break.
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 will not totally eliminated without the proper coordination with all the concerns. It will take decade before this will happen and considering that not all country had supported crypto it's still a big question for full implementation of crypto. 
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.
actualy,in my own perception its hards to eliminate the fiat and create a cashless society,and its true thats there some country or places far from technology thats without having a computers or even internet facilities,therefore if this the legacy and aims of crypto would happen thats the whole worlds become a cashless society,then its happen so far,and we could not predict the right year.
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