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Topic: Please, we should not totally eliminate fiat currency - page 32. (Read 27244 times)

sr. member
Activity: 798
Merit: 268
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 don’t need to please in this forum because that things will not gonna happen. Fiat money will stay with us forever, always think that our government will not let that to happen even if cryptocurrency soar higher in the coming years. Fiat money is more convenient to use for an ordinary people, so technically this will stay.
sr. member
Activity: 560
Merit: 250
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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 guess no one would even try to eliminate fiat currencies. Fiat currencies make day-to-day transactions much more easier and secure which i think cryptos can't handle the day-to-day transactions. Cryptos are meant for paying for some commofity online and i guess that it is not always needed. Also cryptos are completely decentealised which would never allow them to rule over the centralised currencies.
Also bitcoins and cryptos are only meant for Smart peoples Grin http://imgur.com/gallery/GYgXwFW
newbie
Activity: 126
Merit: 0
It's imposibble to happned there is still a lot of people don't know about the crypto there is a lot of country using fiat currency like for example in rural place that dont have even electric so i think we can use crypto but just in selected places.
member
Activity: 336
Merit: 10
Even if 90% of the transactions goes through cryptocurrency, fiat will never be forgotten because it is a basic requirement to measure the value of any other asset.
It is now really the era of digitalisation and anybody can prefer a fastest way to conclude transactions but fiat will exist though

Fiat is necessary because not every people can manage to earn cryptocurrency so banks will remain and bitcoins will be forever in our life due to its popularity globally.
member
Activity: 322
Merit: 12
I would agree that we need fiat currency in the current situation and the main objective I guess for btc is to be introduced as a digital currency and not totally created to eliminate the fiat money. Basically, in the near future people would understand that btc is here in the crypto community to become part of the currency evolution. BTC is more recognize as an investment and that is why more people had been getting involved because it gave them opportunity to  earn profit.
jr. member
Activity: 280
Merit: 1
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.

In any case, it would take years for Crypto to be chosen as a payment method, then the internet will be absolutely everywhere. So the most irrational cause for its acceptance is the internet problem.

Even if cryptocurrency will be legalized around the world ,but it will not totally eliminate the fiat currency, because cryptocurrency will be utilized  in areas where there is abundant supply of internet access , and fiat will be used as usual currency in places where there is no signal of internet, so it will not be eliminated.
full member
Activity: 506
Merit: 101
1 & 0 😏
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.

In any case, it would take years for Crypto to be chosen as a payment method, then the internet will be absolutely everywhere. So the most irrational cause for its acceptance is the internet problem.
jr. member
Activity: 196
Merit: 4
I agree, simply because there are still some countries out there that does not even have internet or a computer. If fiat currency will be eliminated completely those people in those poor countries will have the hardest time adjusting to cryptocurrency. Perhaps cryptocurrency can co-exist with fiat, right?
full member
Activity: 1470
Merit: 135
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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 say that there is anhuge possibility that the medium for using cryptocurrency will not reach rural areas. And that is the problem, but we cannot really say that those areas will not be reached by technologies. Time will come and people all over the world will rely on using internet amd that is the perfect time for crypto to reign. But as of the reality today, it is far to be true. But then we do mot wamt to close door to great opportunities.
hero member
Activity: 1708
Merit: 541
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.
People who want fiat eliminated probably don't understand the concept of fiat money. It's not about internet and terminals. If a government create a cryptocurrency and declare the crypto to be the legal currency (without any commodity backing), then it's still a fiat. The opposite of fiat isn't crypto, but a commodity-backed money.

Fiat money won't disappear as long as the current system of world and nations order are still in place.
full member
Activity: 952
Merit: 107
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 believe that there is no way to eliminate fiat currency because it is important though we have digital currency that exist and acceptable. Remember that small store won't accept it and not all place have good internet access. We still have our own money provided by the government to use everyday. Even bitcoin used everywhere it is convenient to used for big amount to transfer for fast and lesser fees to pay.
sr. member
Activity: 1078
Merit: 342
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Perhaps they want to eliminate fiat currency because they already hold bitcoin. So, if the whole world starts using bitcoin, these holders will benefit from it because they already have it. I think I do not want fiat currency to be eliminated. Digital currency is a thing, and fiat currency is another thing. Digital currency depends on fiat currency. Without fiat, people cannot use money in real life. But I still am not sure why people want it to be eliminated.  
hero member
Activity: 924
Merit: 511
Even if 90% of the transactions goes through cryptocurrency, fiat will never be forgotten because it is a basic requirement to measure the value of any other asset.
It is now really the era of digitalisation and anybody can prefer a fastest way to conclude transactions but fiat will exist though
legendary
Activity: 3150
Merit: 1392
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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.
But it is also only a matter of time before there's access to internet and terminals in shops with paypass option everywhere. As more people join the net, cryptos will become more and more useful. Fiat must go away eventually, just as it was created at a specific point of time not that long ago. The idea of not backing up the main currency and allowing potentially infinite supply was doomed at the very beginning. It's just that people couldn't find a better solution back then. As now we have it with a way of predicting the amount and mining coins gradually, we are bound to adopt it.
jr. member
Activity: 180
Merit: 4
It is too impossible to eliminate fiat! There's a lot of process to make to eliminate fiat currency. And it doesn't mean that if there is a possibility to eliminate fiat, cryptocurrency will rule over because government in most countries are against crypto. Maybe if they will make our community cashless, debit card and credit card will be used.
legendary
Activity: 1302
Merit: 1025
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.
Even with a lot of people wanting to replace fiat, technologically speaking, it's not yet possible. Cryptocurrency might be a more reliable and innovative way of payment but like you said, it is not yet widely adapted on every part of the world.
If it did happen, people like you will not have any problems on accessing it. If it's a currency that will replace fiat, that means it will be available in all the parts of the world even through the rural places.
full member
Activity: 364
Merit: 100
Fiat can not be eliminated from the world because many lives will be stopped and if we look at the network of fiat then banking industry is fully using fiat for transactions and i hope that fiat will still be used for multiple purpose which do not required any new technology. Fiat is much important for the community of illiterate people.
full member
Activity: 714
Merit: 100
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 agree and even i have some Bitcoin and Altcoins in my investments still i will favor the fiat currency to continue to exist because not all people know how Crypto currencies will work specially the poor and the illiterate so it will be hard for them to learn about Bitcoin unlike fiat in which even the children know how to use it instantly.
full member
Activity: 658
Merit: 102
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 will not happen in the next few decades. In order for the currency fiat to disappear, it is necessary that the decision is made by the state, and the state will never make such a decision if this is due to the transition to the crypto currency. It can refuse the national conventional currency only in case of switching to non-cash forms of payment in the same currency fiat, and not in connection with the transition to the use of crypto currency. And it will not be soon.
sr. member
Activity: 868
Merit: 259
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.

This will take a long discussion so I will leave a simple statement first.

Most people here dont anymore. It was the first adopters of Bitcoin who thought of it as a tool for liberation from government unjust treatment that expected too much. The Libertarians and the gold bugs lol.
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