Topic: transition FIAT to DIGITAL? (Read 1802 times)
I think the transition between fiat to digital currency was started many years ago. Transferring of money from one location up to another but not in the form of cryptocurrency was begun in 2005. And I think, it is not a big deal right now that we used cryptocurrency as our medium of exchange because even in my country (third world country), digital currency was already adapted.
People still are responsing positively but gets resisted due to pressure and discourage of Government authority
The transition might take many years for people to use digital money more than fiat money in volumes, but I do not really support the idea of eliminating fiat money totally from the economy, it would always be better to have both fiat money and crypto-currencies to provide more alternative choices for people to use when making payment for goods and services.
how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN? 
They won't have to adapt because that won't happen. Governments won't allow such situation to happen because they are actually holding the control and not the common people which are holding the decentralized currency. As much as I would like for the Bitcoin to be implemented as a currency within all countries I know that this situation won't come to the light.
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There are too many people which don't even know how to manage the physical money; how would they in this matter manage the digital?
This is something which is entirely your own choice and that doing this will help you in having more amount of paper money at time when you will sell back your crypto coins. You can do this for having a better tomorrow as well.
how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN?
Adapting a currency from fiat to a digitalised format would require some time as different countries would be needed to adjust into this system, considering that developed and developing countries have their own technological advancements. Countries who are on the underdeveloped side are on a disadvantage, as they would require a system wherein people would have access to internet and a form of gadget that would allow them to transact digitally. Compared to countries who are on the developed side, their current state would allow such implementation.
Though it may be ideal, I do not see its implementation in the near future as countries would be needed to adapt into this mechanism. Considering also the economic discrepancies present, I doubt that they would prioritize such currency digitally.
Ridiculous to hear but a time will come when beggars will beg for btcs not fiats any more 
That marks the transition
That marks the transition
This changes of the modern day to day is part of the future, transition of Fiat money to digital currency would be reality in the future to come because our technology today is fast rising to advance changes in which people around the world would adopt even if they would not like it.
how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN?
people will adapt change from fiat currency to digital currency but not in this year because there is a lot of work that needs to solve and the government is not yet accepting digital currency and they don't think that digital currency will bring a better life. it is difficult for people to use digital currency in their life because there are only a few stores offline that accepting digital currency and I think maybe it will happen in the next years.
Simply just as people gets adapted to changes they will adapt to it LOL
So short, yet has an enormous meaning.
Bitcoin is very new to everyone. It just existed a few years ago. COmpared to fiat that has been used for many many years ago, this kind of currency is very unusual. But technology is so powerful now. Thus, bitcoin existed. Bitcoin has been created with the help of technology. So I believe that, as people embraced technology, they will be able to embrace bitcoin as well.
Fiat money is forever because I cannot imagine days without fiat money. Digital currency will be a secondary source of money.
Change is inevitable and a constant in life.People who have seen the benefits of
decentralized platforms of running digital currencies and the profits thereof would
not feel any reluctance embracing the change whole-heartedly.The investments and the
profits made from crypto currency is encouraging enough to move from fiat to crypto currency.
Bitcoin is already in California stock market exchange.This shows that the elites have also
embraced digital currency and want to control it to their advantage.What any investor need to
do now is to position himself/herself so as to maximize profit from the trend of digital block chain
backed activities.
decentralized platforms of running digital currencies and the profits thereof would
not feel any reluctance embracing the change whole-heartedly.The investments and the
profits made from crypto currency is encouraging enough to move from fiat to crypto currency.
Bitcoin is already in California stock market exchange.This shows that the elites have also
embraced digital currency and want to control it to their advantage.What any investor need to
do now is to position himself/herself so as to maximize profit from the trend of digital block chain
backed activities.
I recently wrote something on this topic. Please forgive me (and let me know) if it was a breach of protocol to share it here: https://medium.com/@WilliamFreedman/poor-misunderstood-bis-needs-a-hug-28c92a5de99d
Its better that they dont adapt from, fiats to digital or else they may sink to hell
how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN?
They won't have to adapt because that won't happen. Governments won't allow such situation to happen because they are actually holding the control and not the common people which are holding the decentralized currency. As much as I would like for the Bitcoin to be implemented as a currency within all countries I know that this situation won't come to the light.
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There are too many people which don't even know how to manage the physical money; how would they in this matter manage the digital?
Can it really take place? That we would start having money based on the internet as digital currency....this will be 8 wonders of the world.
The traditional means which is physical financial transactions will always be there because money is a very sensitive aspect of humanity. For digital currency, any mistake made in terms of codes or other errors as we know it, huge some of money is gone
and this is not so with fiat. For fiat, you can even revisit a neighbor to complain of shortage of payment, refund and etc about previous financial transactions.
The traditional means which is physical financial transactions will always be there because money is a very sensitive aspect of humanity. For digital currency, any mistake made in terms of codes or other errors as we know it, huge some of money is gone
and this is not so with fiat. For fiat, you can even revisit a neighbor to complain of shortage of payment, refund and etc about previous financial transactions.
Many people would oppose the transition especially antibtc peoples but still it should be enforced not wiping the fiats but alongside wit
Simply just as people gets adapted to changes they will adapt to it LOL
You make it sound like this isn't something we haven't been doing for the last 50 or 60 years. Ever since the inception of credit cards our money was digital right then and there, it didn't change when Bitcoin came along. The only thing that changed is peoples understanding of money, and if they realize enough you would see we are already in a digital ledger cash system. Bitcoin is much more than just digital cash, digital cash is just the surface of what Bitcoin is all about.
I heard some news that FIAT relase to some cyrpto currency i think that was the first step. To get minority people know about digital cypto currency. And then they will acknowladge people with the benifit of it for better transaction
And people will more use it slowly but sure
And people will more use it slowly but sure
the transition from physical currency to digital currency has begun a long time ago. these days people rarely use cash. we are all using cards, our phones and all kinds of weird stuff to pay online/offline. and that was a long process and took years.
transition from fiat to bitcoin is another thing though. I don't think it will happen. people and government won't simply give up on their centralized country currency and use a decentralized global one. not for another 100 years maybe. but that doesn't mean bitcoin can be used as a currency alongside fiat though. I am only talking about replacing it.
In third world countries like those in Africa and South America and some parts of Asia FIAT is dominantly being used everywhere to make our transaction and i can tell you that it is going to take more fifty years for digital currencies to be used everywhere in the world.transition from fiat to bitcoin is another thing though. I don't think it will happen. people and government won't simply give up on their centralized country currency and use a decentralized global one. not for another 100 years maybe. but that doesn't mean bitcoin can be used as a currency alongside fiat though. I am only talking about replacing it.
I do agree with you. I guess, fiat will always be there forever. Even if there are a lot of people now who uses digital currency, still a lot of people who will still prefer fiat. Especially to those illiterate people. They are not knowledgeable enough in that kind of thing. They would rather prefer on what currency they are comfortable to used with.
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