Topic: the future real money - page 20. (Read 29409 times)
Anything could happens in the future, if we see from what's going on in crypto world nowadays was very surprising , where most country using the crypto system for their economy and it works. I think it would be possible to change the real money in the future and using this awesome thing as the transaction and a payment tools instead.
The existence of cryptocurrency isn't the purpose of eliminating fiat money instead it will give us another option which once we comfortably to used.
We also know that digital currency isn't that much accepted by the community due to some barriers holding it and may fiat still be very useful by now and in the future.
We also know that digital currency isn't that much accepted by the community due to some barriers holding it and may fiat still be very useful by now and in the future.
There are dude. Virtual or crypto payment system has been popping up already. I’ve seen projects conducting ICOs that pertains to crypto-payment platforms. Crypto-based online market that would be rivals of Amazon and ebay and worst there are even retail stores accepting cryptocurrencies as payment in some countries.
Real money will still be the same but it will soon be merged with digital money and be more profitable due to more opportunities to come, since its being used for bigger investments of crypto. However the acceptance of crypto will eliminate the cash type basis, because more people will now use and prefer digitized form of payment and they're confident to use it due to convenient way.
There are dude. Virtual or crypto payment system has been popping up already. I’ve seen projects conducting ICOs that pertains to crypto-payment platforms. Crypto-based online market that would be rivals of Amazon and ebay and worst there are even retail stores accepting cryptocurrencies as payment in some countries.
[bif i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?[/b]
Although the cryptocurrency will continue to evolve, and therefore partly fiat will be squeezed out of circulation, it still does not threaten the usual currency. Its fate depends on the government, but it will never make a decision on the abolition of national money and on switching to calculations in cryptocurrency. Such a decision would be detrimental to the economy of any state, which means that as long as the state exists, national money will continue to exist as well. Cryptocurrency can go in the state only simultaneously with the national money of these states and it cannot be otherwise.I agree. Just because more and more people eventually starts using cryptocurrencies doesn't mean the government will ultimately decide to eliminate fiat and switch to crypto. Besides, I'm pretty sure that not every single person in the country will like bitcoin. Some may choose to stick with "real" money, plus, the government can't manipulate and control cryptocurrency. Why would they want to drop the national currency for a digital currency that they cannot control?
[bif i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?[/b]
Cryptocurrency can only slightly press the circulation and use of paper money. For more she is not capable. The usual national money of the states has been going on for centuries and will continue to be very long. They are an indispensable attribute of the financial system of any state and as long as many different states with their own interests exist in our world, until then the national paper money will continue to exist and develop.Cryptocurrency is in no way connected with the economy of any state and therefore can only go along with the national money of the states.
I do not think it will be the next few years but I guess it is safe to say that digital currency would be the logical currency at least before the end of this century. From what I've read on this forum, there is already a great number of cryptocurrencies around. Also, online shopping is already replacing traditional shopping slowly. It's not a big jump to using a cryptocurrency as money for everything that we have to pay for.
We are making virtual money payments nowadays too, but not very often, and mostly for crypto related assets I guess. For wider adoption, we probably have to wait more, patiently, it can not happen instantly.
Real money is now more valuable in the eyes of the public because there are many who use it compared to the money in Gital which is now popular in the internet world.
Paper money is already the only valuable thing, if you see it as the only payment method. All valuable assets in the world are valuable because they have worth against to USD. Bitcoin is one of them and we wouldn't have seen its name so often if it was not worthy of the USD.
Cryptocurrency is expanding and people are getting more interested in it. This is already happening to some extent. It will take some time to get fully adopted for making virtual payment in every sector.
At the time that you think. What is the output of it? 
Aren't you seeing it right now?
Payments for electrical bills,water bills and other stuff are being done in crypto currencies?
I have seen lots and have also tried it.
This is just the start. Be ready for more to come and it will be soon.
Aren't you seeing it right now?
Payments for electrical bills,water bills and other stuff are being done in crypto currencies?
I have seen lots and have also tried it.
This is just the start. Be ready for more to come and it will be soon.
Eroded for what purpose? Isn't it because of money that people wanted to invest in these coins? I think for now, as we don't know yet what is in there for us in the future, it will be quite impossible to just remove money out of the equation. Knowing that the only link towards the economy of a country is the paper money that the government is controlling for the purpose of stability, I think it will be that hard to replace it.
the era continues to develop, technology is increasingly modern. And I'm sure this will really happen, where fiat money is no longer valid and all are replaced with Cryptocurrency. But it's not as fast as we thought, it will take a long time!
It is foolish to even argue that a cryptocurrency can ever replace with itself the national money of states. This will never happen because national money, that is, a common currency, is tied to the economy of a particular state. Denominations on the sum of the denomination should correspond to the gross product of the country and its gold and foreign exchange reserves. Cryptocurrency can not have such a link to the economy of the state and therefore can not replace the national money of the state. There are laws of economic development and their cryptocurrency can not be canceled.
New coins are popping up in the crypto world and not all of them are surviving. Crypto is a decentralized system. The world will hardly accept a decentralized in their daily life and replace the fiat currency with these coins. Even if the world accept the decentralized system based virtual currencies, only the most stable coins will be used as real money then.
With time we can see very clearly that the future of the economy is digital integration and cryptocurrency has the potential to be a big part of it. As it is still very much in it's early stages due to the market not matured enough to have the sort of stability we're looking for but, nonetheless the potential is huge and it has room to grow. Hopefully we'll see a lot of growth for cryptocurrency and how it could become a big part of the future economy.
Well, if the coins emerge normally and the countries understand the potential of the coin, then it can easily be the real money. Cause it has limitless possibility and facilities as a currency.
In future the money will be more advance and more digitalizes than now like in these days people use crypto for sake of money and it is virtual we can access this every where with out any problem and now we should use crypto for transactions and not for just speculation so i hope that in the future money will be crypto and we can say that bitcoin will be universal currency.
You know, gone are the days when most of us used to carry cash around, I really cannot even remember the last time I did, considering that I could just use my debit card to pay for whatever I want to get. It is just the way things are going when it comes to evolution of money which is practically what we are seeing now. Looking at the way the system of payment has been changing over the years, things right now are pretty much already going digital, so as it is, the future of cash, let me even put it as that, is that cash will eventually go into extinction and we will get kicked into the cashless age. That is all I see it all playing out!
the era continues to develop, technology is increasingly modern. And I'm sure this will really happen, where fiat money is no longer valid and all are replaced with Cryptocurrency. But it's not as fast as we thought, it will take a long time!
[bif i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?[/b]
I think "real" money (aka fiat) is doing alright, right now there are troubles going around the world and since 2008 there has been a lot of countries in trouble, Venezuela, Greece, turkey, Iran and many more all had economic crashes but that doesn't take away the "real" money out of the equation. I think fiat will still have a big place to play in the world whether its like this or it becomes Zimbabwe trillions but it will still be around.Crypto doesn't solve the fiat problem and inflation problem but crypto just fixes the decentralized trouble of fiat money. Fiat is controlled by banks and is unlimited, governments can print out as much as they want and the inflation would become terribly exhausting for any economy.
Considering over time banks and other rich business like insurance than we can see that crypto can definitely be a solution because there are finite amount of crypto.
Indeed digital currency is developing very rapidly at this time. But the position of real money for now is also still very strong. To change the position of real money takes a long time.
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