Topic: When will fiat money lasts? Can anyone predict it? - page 3. (Read 822 times)
I think it will happen in 100 years
I think our generation will still use fiat money and our kids too...
The cryptocurrency system is still young and has many gaps, and fiat currencu system is already well-developed and familiar
The cryptocurrency system is still young and has many gaps, and fiat currencu system is already well-developed and familiar
When will fiat money lasts? Can anyone predict it?
Dollar is going down now.
Why does everyone want to be fiat replaced by cryptocurrency? I often see questions like this. I myself do not want the fiat missing and replaced by cryptocurrency. Not because I do not want to see technological progress, but I think the use of fiat money is the simplest use of payment.Dollar is going down now.
Its called evolution of money. Besides tons of resources are being used just to print paper money while cryptocurrency we only need electricity to run it.
When will fiat money lasts? Can anyone predict it?
Dollar is going down now.
Why does everyone want to be fiat replaced by cryptocurrency? I often see questions like this. I myself do not want the fiat missing and replaced by cryptocurrency. Not because I do not want to see technological progress, but I think the use of fiat money is the simplest use of payment. Dollar is going down now.
If the value of money can be predicted, then its own value will gradually lose, making money is everyone's efforts, but whether it is to make money is to rely on individuals,
When will fiat money lasts? Can anyone predict it?
Dollar is going down now.
Dollar is going down now.
It goes down all the time, the same way it goes up as well. Its a fluctuation that 's normal for every market. I think fiat will still last a lifetime or two. We still need fiat and we can't rely specifically on unchecked currencies like crypto
Just because there is a boom in the cryptocurrency market doesn't mean that fiat is going to go away at all, The only way that fiat is gone is when the economies of countries are no more and in the event when that happens, it's going to affect bitcoins and other cryptocurrencies as well.
Not necessarily. Fiat (at least in the US) is just a piece of really fancy paper. It's not backed by gold or any commodity. It's literally an IOU agreement. Crypto does that function better. There are 4 major challenges with crypto:
- Crypto has to represent value...thanks to traders it is starting to get that
- Crypto has to be accessible...it's picking up speed, but need more projects like Mingo (shameless plug)
- There needs to be a retail end-point (this fits w/ the value part), but bottom line, people need to be able to buy THINGS with it.
- Crypto needs to become stable with relationship to the THINGS we want to buy
Right now traders are speculating on speculation in the exchanges. The value of crypto is primarily driven by speculation. It's just too volatile. At some point crypto will either have to become adopted by a country to replace fiat, or it'll have to become so stable that fiat doesn't make sense (especially for cross-border transactions).
Nonsense. Currently crypto does only one thing better which you’ve actually mentioned - speculating on speculation in the exchanges, that’s all. No one wants stable crypto, well maybe few crazy crypto anarchists around the world. Let’s say it out loud – cryptocurrency cannot be stable by its definition, at least decentralized one furthermore no one really WANTS it to be. That’s easy provable fact.
Open your eyes mate, the lack of electricity and enormously growing consumption are the main crypto killer issues.
When will fiat money lasts? Can anyone predict it?
Dollar is going down now.
I think there is no one who could predict something like that it is so unpredictable,Dollar is going down now.
We couldn't really know how long we could really use something .
Of course, no one can accurately predict because they could not predict the creation or prohibition of crypto currency. You just need to earn now with what it turns out and do not worry about what will happen next.
Just because there is a boom in the cryptocurrency market doesn't mean that fiat is going to go away at all, The only way that fiat is gone is when the economies of countries are no more and in the event when that happens, it's going to affect bitcoins and other cryptocurrencies as well.
Not necessarily. Fiat (at least in the US) is just a piece of really fancy paper. It's not backed by gold or any commodity. It's literally an IOU agreement. Crypto does that function better. There are 4 major challenges with crypto:
- Crypto has to represent value...thanks to traders it is starting to get that
- Crypto has to be accessible...it's picking up speed, but need more projects like Mingo (shameless plug)
- There needs to be a retail end-point (this fits w/ the value part), but bottom line, people need to be able to buy THINGS with it.
- Crypto needs to become stable with relationship to the THINGS we want to buy
Right now traders are speculating on speculation in the exchanges. The value of crypto is primarily driven by speculation. It's just too volatile. At some point crypto will either have to become adopted by a country to replace fiat, or it'll have to become so stable that fiat doesn't make sense (especially for cross-border transactions).
They will coexist with digital currencies for decades...but essentially the will be replaced by digital currenccies
I think this will be so far in the future. Digital currencies are so volatile that it changes it's price every single day. And who will be using that kind of money right? They will, for sure, use a digital currency in the future but I think it will be a day when digital currency is developed and ready to take it's path as a new currency.
money will not be exhausted, unless the markets do not use any more money for transactions
Just because there is a boom in the cryptocurrency market doesn't mean that fiat is going to go away at all, The only way that fiat is gone is when the economies of countries are no more and in the event when that happens, it's going to affect bitcoins and other cryptocurrencies as well.
No one can predict the course of any currency, because all the world's money and even crypto-currencies are controlled by secret rulers. They control the course in the direction they need.
Good thinking. Look at China once they lost control of crypto they shut it down.
Gold standard may come back at anytime, but it will bring a new currency.
They will coexist with digital currencies for decades...but essentially the will be replaced by digital currenccies
When will fiat money lasts? Can anyone predict it?
Dollar is going down now.
I think there is no one who could predict something like that it is so unpredictable,Dollar is going down now.
We couldn't really know how long we could really use something .
I doubt fiat will ever go away any time soon. Even though crypto currencies are becoming more and more mainstream they still have a long way to go. As the user above me has said fiat has been around for a long time. I believe that it will stay around for a much longer time as many individuals still do not understand bitcoin. Until almost all of the population understands what Bitcoin is the switch from fiat would not be made to Bitcoin.
When will fiat money lasts? Can anyone predict it?
Dollar is going down now.
That will never happen, since the world moved on from the barter system of trading and moved onto the new method of paying money for goods, it's by my estimate been more than a thousand years, And i doubt the even in the current age of cryptocurrencies, that's going to change. Fiat money will last until the end time unless all the tree are eventually caught down in the whole world. Dollar is going down now.
No one can predict the course of any currency, because all the world's money and even crypto-currencies are controlled by secret rulers. They control the course in the direction they need.
When will fiat money lasts? Can anyone predict it?
Dollar is going down now.
Dollar is going down now.
Jump to: