Please, we should not totally eliminate fiat currency - page 6.

kkaroul4

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Quote from: goaldigger on June 26, 2019, 07:58:38 AM

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.

Dont worry about this. Im sure if there would come a time that fiat is finally become obsolete, the government will find a way to use contactless or paperless money even on rural areas. It will become a big decision and a lot of things to consider. I trust the decision of the government regarding this matter.

it's true that you say don't ever worry about losing a fiat currency because at any time the fiat currency will not be eliminated in this world because it has become a symbol of countries in the world and the government will certainly not replace crypto currencies either

virasog

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Quote from: goaldigger on June 26, 2019, 07:58:38 AM

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.

Dont worry about this. Im sure if there would come a time that fiat is finally become obsolete, the government will find a way to use contactless or paperless money even on rural areas. It will become a big decision and a lot of things to consider. I trust the decision of the government regarding this matter.

The transform of fiat to digital will not be an one day task. It will be a complete transformation and obviously it can only be done when all these difficulties like lack of internet everywhere is resolved. Also this transformation will be not sudden and for many months and years we may use both fiat and crypto currency together.

iv4n

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Elimination! Why would anyone use fiat? Any of the reasons you mentioned in this topic can`t convince me to stop wishing total fiat elimination. The biggest obstacle now is internet, not everyone have it, but soon that will change. Now in some places internet is cheap and almost free, somewhere is expensive, but in few years entire world will be online, few satellites will solve that problem!
We can change the world and this regime only with help of internet and crypto, only this two things can unite all of us.

safelycrypto

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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.

A world without Fiat is not possible for nearly decades. But yes, what I think is that cryptocurrency will be added as an alternative option for online payments.

Ranly123

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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 got a point there, just like buying fish in the market wherein we cannot use cryptocurreny to buy for it. Of course there should be a synchronization between Fiat and cryptocurrency for people to have options to use.

jabrix

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Quote from: Irvinn on June 25, 2019, 03:07:13 PM

If we assume that access to the Internet will be made in some remote place, then all these problems will not be solved, because if we are talking about the global use of cryptocurrency in society, then people need to be trained and this should be done not only in the institutions, but also in the initial the school. until there is a more global approach to this problem, Fiat will remain for daily use for a very long time.

I believe that fiat currencies will not be defeated by crypto currencies, because it is easier to use fiat money than digital money. I tried to imagine if a child under 5 years had to pay using digital money to buy candy, the child would be confused. But if the child uses fiat money, it is easy to submit to the seller the right money to pay for sweets.
From the parable, I concluded that crypto money would be a companion in the modern financial system, where people who have intellectuals would easily use it. But people who live in poor or underdeveloped areas are easier to use paper money.

congresowoman

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Agreed. Fiat currency is the source of confidence for people who are not accustomed to trading with cryptocurrency. Nobody can ever take the fiat simply because it has been there for ages.

Shinpako09

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I love crypto but I never think of eliminating fiat simply because it will never going to happen. Even if crypto will have a wide adoption in the near future, fiat will always be there. Fiat is still way more convenient to used for daily expenses. So there's no chance that majority likes to eliminate fiat.

abeecrypto

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I still think crypto and Fiat should work together. The people should have a choice on what form to store their value. As far as crypto eliminating Fiat is concerned, Crypto still have to work on its challenges first before thinking of taking over Fiat. To me, I don’t see the elimination of Fiat.

whirlcoin

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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.

in this situation we are using the cryptocurrency as a part of our life but without the normal currency we can do anything in our life so this the difference between them so we cannot easily eliminate in any situation without the help of Normal currencies.

semobo

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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 are using the payment with normal currency so we will not definitely regret it in your very quick time because we convert the cryptocurrency into the Fiat currency so that we definitely need this type of payment method for long period of time till cryptocurrency payment is standard in this world.

muhhentuhhen

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Quote from: satriagedhe on June 22, 2019, 08:54:03 AM

as i see i never saw people want to eliminate fiat , most people said that "will bitcoin elminte fiat ?" and i guess it wont happens because fiat right now are vital on transcatiction we do

There is no need to worry about fiat. Traditional money will not vanish ever. Cryptocurrency cannot be used without access to the Internet and computers. In some countries, people even never saw telephones.

anggracoin

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Quote from: goaldigger on June 26, 2019, 07:58:38 AM

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.

Dont worry about this. Im sure if there would come a time that fiat is finally become obsolete, the government will find a way to use contactless or paperless money even on rural areas. It will become a big decision and a lot of things to consider. I trust the decision of the government regarding this matter.

Fiat and paper money will not disappear in the near future because public awareness of the importance of fiat and paper money is still high. Technology is developing rapidly but will be slow in eroding fiat and paper money as a means of transaction.

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Those who think that fiat currencies will be eliminated live in utopia. This is simply not possible, no matter how much cryptocurrencies are being developed and accepted. There is no country in the world that would replace fiat currency with crypto, there is no ground for that and cryptocurrencies are not the pillar that could fully support any economy and society.
But the role of Bitcoin and other cryptocurrencies is not to replace and eliminate fiat, I seriously doubt that was an idea, but to give some kind of investment and payment alternative that could function along with fiat but based on totally different technology and concept.

Vishnu.Reang

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No matter how hard we try, it is simply not possible to eliminate the usage of physical fiat currency. The digital version of fiat (Paypal, Visa.etc) may become popular, but they will not be able to completely replace physical cash. Now replacing fiat with a decentralized currency is altogether another topic. It may be possible only within libertarian micronations, as the governments will never allow that.

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Quote from: goaldigger on June 26, 2019, 07:58:38 AM

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.

Dont worry about this. Im sure if there would come a time that fiat is finally become obsolete, the government will find a way to use contactless or paperless money even on rural areas. It will become a big decision and a lot of things to consider. I trust the decision of the government regarding this matter.

Whatever the advancement in technology or usage, it is impossible to eliminate the fiat currency usage which at present is found high in circulation compared to that of cryptocurrencies. People have a thought that bitcoin and other cryptocurrencies will take lead and cause people and government to stop the usage of fiat currency. Even now there are people who doesn't have knowledge using credit/debit cards, with this it is really a hard thing to achieve a paperless currency usage all around.

goaldigger

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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.

Dont worry about this. Im sure if there would come a time that fiat is finally become obsolete, the government will find a way to use contactless or paperless money even on rural areas. It will become a big decision and a lot of things to consider. I trust the decision of the government regarding this matter.

befriendmywater

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Quote from: MAJICOIN on August 30, 2018, 11:52:08 PM

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.

Yes, I have a point of view with you. Fiat money is really important and it has existed for a long time. Electronic money really helps people in saving time and cost.
But, for the whole world to be peaceful and best, we should still have fiat money.
Not everyone has the same conditions as us. There are millions of people who do not know how to access the internet and electronic money cannot solve this problem.

Janation

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Quote from: XFlowZion on February 14, 2019, 12:47:40 AM

Indeed. Third world countries or those that really don't have access on technologies will still rely on physical things like with fiat. They also don't have enough knowledge on how banking and digital transactions work. They'll be the victim of scammers who take advantage of what they don't know.

This is absurd.

First of all, why would these third countries eliminate fiat currency if they can't support or don't even have access to these kinds of technologies? We may be poor but these people in the government are not fools and stupid. Another thing is that, why would they eliminate fiat currency if they can't secure their people using it? I don't understand.

ongkok87

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Quote from: coinluisa on February 13, 2019, 06:00:35 PM

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.

I think it will not happen that fiat will eliminate because in decades we use it in crypto and like you said not all times we can use the crypto in some situations. So I think in consideration it will not happen.

if in my opinion the fiat currency will never disappear and depend on anything even though the digital currency has been used a lot but fiat money will definitely also still be used too and I'm sure it

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