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Topic: VIRTUAL CURRENCIES RATHER THAN FIAT, IS IT POSSIBLE? (Read 1599 times)

full member
Activity: 434
Merit: 102
thats why BITCOIN and BLOCKCHAIN was made by satoshi to be decentralized and have transparent peeer to peer transaction to everyone. if all factories, establishments, stores ETC. will allow to use crypto fiat will just simply fade away. and no one will used it anymore. but still it's a long way to go, hopefully im still living in this planet and witness what Satoshi invention can do in the future.
Indeed, Cryptocurrency is my choice and it requires super perseverance.
I also need time to understand everything because cryptocurrency cannot be predicted for price.
hero member
Activity: 782
Merit: 500
As of now it's definitely not possible, imagine having to teach your grandma to start using cryptocurrency. It would be a nightmare in it's current state, it needs to be easier and more noob friendly.
member
Activity: 644
Merit: 10
“Why might citizens hold virtual currencies rather than physical dollars, euros, or sterling? Because it may one day be easier and safer than obtaining paper bills, especially in remote regions... The best response by central bankers is to continue running effective monetary policy, while being open to fresh ideas and new demands, as economies evolve.” - Christine Lagarde, the Managing Director of the International Monetary Fund (IMF)

Dollars, euro, rupiah, rupee, and other fiats are what we know as money. As technology gets mature, we find more efficient to use our money, which is e-money. In our daily life, we are starting to use e-money. When we go to office, we use Uber or Grab, and pay with Uberpay or Grabpay. When we commute, we use our cards. Slowly but sure, we are touching less and less paper money.

Now, here comes blockchain. A very newly-born technology that has acquired most attention about how to democratize our financial system. Well, most likely because Bitcoin keeps rising annually.  Blockchain is seen as a way to get capital from Initial Coin Offering (ICO). In a nutshell, ICO is today's IPO. It's way more simple and fast, and surprisingly it works beyond our expectation.

Like trade.io, one of successful ICO in 2017, which acquired more than 31 million dollars. Aiming to bridge the traditional financial system into modern technology, blockchain. Also, it provides ICO services to any company who intends to get capital. Trade.io just launched their unique exchange, which is customizable. This exchange will later trade commodities, forex and more. What more interesting is, all the profits generated from the exchange and their services, will be given back 50% to community owing Tradetoken (TIO). Further details: https://s.id/2cL8B

What virtual currency offers is something that can not be done by fiat: Democratize the Asset. We can be part of blockchain as the core of blockchain is their tokens, which we can own. With more and more companies come into blockchain, we are waiting for the best future of cryptocurrency.




Digital currency and fiat will co-exist and cryptocurrency will never replace fiat-currency. Instead cryptocurrency will be an alternative use for payment. Crypto market are so volatile unlike fiat it is more stable and you will not worried about the price crashing in just 24 hours.
sr. member
Activity: 910
Merit: 255
first of all i dont like calling virtual currency. it is crypto currency not virtual currency. it is not virtual, it is based on blockchain technology and there are so many huge exchanges that you can exchange them to fiat.
full member
Activity: 644
Merit: 100
anyway there will be people, who prefer only fiat, despite all cryptocurrencies` advantages
well, fiat function is still in demand by many people, of course many people would prefer to use fiat instead of virtual money. however crypto cannot replace fiat money because crypto is still constrained in terms of instant transactions. fiat is impossible to replace.
newbie
Activity: 42
Merit: 0
anyway there will be people, who prefer only fiat, despite all cryptocurrencies` advantages
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
Well I think maybe people of using fiat money will be decrease gradually but it will exist always.

In the future I think more and more people will use card to pay than fiat money, you see in china they use alipay, in korea they use kakaopay and the rest of the world will follow once more and more people are open to the technology and have access to the technology that could make paying with app or card real. Although most of country still struggle to implement this, developed country is already on its way
full member
Activity: 700
Merit: 101
BBOD Trading Platform
Virtual currencies including crypto currencies do offer some convenience in transactions and so on, but I am not sure if virtual currencies or digital currencies can replace the FIAT currency or are called better than FIAT currencies. because in fact there are still many people who are still very dependent on the FIAT currency in conducting financial transactions.
member
Activity: 322
Merit: 10
Perhaps it's because keeping a cryptocurrency in our wallet will not cost use any monthly fee just like on the regular banking system does.
So our cryptocurrency will not get cut for monthly fee or something like it.
newbie
Activity: 84
Merit: 0
not sure what will happen, but let's hope for the best for crypto
hero member
Activity: 3080
Merit: 970
www.Crypto.Games: Multiple coins, multiple games
thats why BITCOIN and BLOCKCHAIN was made by satoshi to be decentralized and have transparent peeer to peer transaction to everyone. if all factories, establishments, stores ETC. will allow to use crypto fiat will just simply fade away. and no one will used it anymore. but still it's a long way to go, hopefully im still living in this planet and witness what Satoshi invention can do in the future.
Do you seriously believe that FIAT will simply fade away out of existence just like that? This is impossible in my opinion due to our attachment with FIAT which is centuries old. FIAT will never disappear. Cryptocurrencies and other virtual currencies will serve as alternate payment methods and will not completely replace FIAT in my opinion. Time is an important factor here. More and more people will embrace virtual currencies like cryptocurrencies once this market becomes less volatile and more stable with time which I am confident will happen as time passes.
member
Activity: 238
Merit: 10
It's quite possible in a couple of years. Moreover, we now use plastic cards, e-wallets, why they can not be considered virtual money? I think it's the best money
member
Activity: 322
Merit: 10
Virtual money is really cool and it seems to me that we will soon get rid of cash. Most likely we will get rid of paper money only in about 10 years, not before
sr. member
Activity: 1428
Merit: 251
solidtradebank.com | 5%-15% Welcome Bonus
Virtual currency or digital currency more safe than paper money. Beside that i think its more flexible and we dont have to carry much paper money on our wallet. But i think paper money will exist because in many country with poor internet connection, paper money is good option
newbie
Activity: 84
Merit: 0
It is almost impossible to totally demolish fiat currency which has become a necessity of people but digital currencies like BTC and ALTcoins have already proved to be easier to use because of it's added security, simple transaction method and lesser fees which has contributed to its increased popularity. In future we might see digital currency payment option alongside fiat money in all the stores and shops.  Tongue
Well said my friend.. applause..
newbie
Activity: 139
Merit: 0
It is almost impossible to totally demolish fiat currency which has become a necessity of people but digital currencies like BTC and ALTcoins have already proved to be easier to use because of it's added security, simple transaction method and lesser fees which has contributed to its increased popularity. In future we might see digital currency payment option alongside fiat money in all the stores and shops.  Tongue
member
Activity: 336
Merit: 11
Victorieum Digital Wallet Revolution
Sure, there is a whole new field to explore and in fact I am surprised that they are not much more widely accepted since the technology is there already.
newbie
Activity: 210
Merit: 0
If we consider the reality then i think virtual currency is not possible. virtual currency have some criteria and also some limitation. The mass can not deal with it all the time. As the world upgrading day by day i think in near future it will be possible.
newbie
Activity: 33
Merit: 0
Fiat will exist I think, moreover it is not very important to avoid fiat but using crypto as digital currency. I guess people will start using crptocurrency as alternative currency very soon.
sr. member
Activity: 1274
Merit: 267
I thought this is pure discussion thread but actually you are promoting trade.io while creating a discussion thread. I do agree with your opinion that fiat will still exist, there are still many people dont understand much about technology, fiat is still comfortable for them. If we want to fully replace fiat with crypto currency, we need to socialize about crypto more than just we can imagine.
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