Topic: Will crypto replace fiat money? (Read 2120 times)
Virtual m9nry like bitcoin cannot replace flat money. It can only use like credit card that you don't need to cafry large amount of money though you can use you bitcoin wallet using your phone to transfer you money thru online and can use when you have domestic or international flight, hotel and restaurant reservation. Any transactions using large amount of money. It is verh convenient if you use you bitcoin virtual money.
I don't think so. First of all fiat money is so stable, unlike cryptocurrency, as what the Chinese billionaire says that bitcoin is a bubble but blockchain technology is not. Replacing fiat money means replacing the economy of countries, I don't think governments would allow crypto to take over and replace fiat currency.
Governments won't have a say in the matter. That's kind of the point...
I do not think that this will happen in the near future, but in the next 20 years it is possible and will replace it. This requires a lot of time.
It is literally hopeless that the crypto take over fiat money because crypto is literally contrasting from the fiat money.
As I see it, two factors will contribute to the fall of worthless fiat currencies.
The demise of the current financial system through inflation & manipulation and the continued rise of crypto currencies.
Some places (more oppressed by corrupt governments and banking cartels) will make the move sooner than others where things are bad, but not quite bad enough to get up off the couch and do something about it (North America).
There are many examples of people moving into cashless crypto money systems in Africa and other places if you look for them.
Of course this is all being suppressed by the mainstream corporate media which is simply the propaganda arm of the banking cartels.
I think we will see the end of centralised banking systems by the end of this decade (2020) if not sooner.
Crypto is a tsunami and the bankers are all snorting coke and partying with hookers on the beach.
It's going to wipe those bitches out! Not soon enough in my opinion.
The demise of the current financial system through inflation & manipulation and the continued rise of crypto currencies.
Some places (more oppressed by corrupt governments and banking cartels) will make the move sooner than others where things are bad, but not quite bad enough to get up off the couch and do something about it (North America).
There are many examples of people moving into cashless crypto money systems in Africa and other places if you look for them.
Of course this is all being suppressed by the mainstream corporate media which is simply the propaganda arm of the banking cartels.
I think we will see the end of centralised banking systems by the end of this decade (2020) if not sooner.
Crypto is a tsunami and the bankers are all snorting coke and partying with hookers on the beach.
It's going to wipe those bitches out! Not soon enough in my opinion.
I don't think so. First of all fiat money is so stable, unlike cryptocurrency, as what the Chinese billionaire says that bitcoin is a bubble but blockchain technology is not. Replacing fiat money means replacing the economy of countries, I don't think governments would allow crypto to take over and replace fiat currency.
Cryptocurrency is notable in light of the news concerning on making a regulation by the government. We can't occur to replace the fiat. However digital currency has an opportunity to replace it if the legislature will permit it. But, I trust whatever the regulation on the digital currency will exit perpetually as a because of the assistance of the innovation. Bitcoin is the astonishing digital currency and can use on the installment. Fiat will remain resources on this world.
Maybe.But as of now i think it's far from being possible.Yes cryptos at the moment are really famous but it's not yet implemented by the government.And since it has its own decentralized system,i think the government would find it hard to trace all its users.And it will be a long run for cryptocurrencies to replace fiat money in future.It is everything Bitcoin is not. Crypto will replace only fiat money when governments are replaced, maybe even the whole society is replaced.
Its really hard to replace fiat for at least 20-25 years as the population is not that fast to adapt new technology and also the difficulties in some countries is very high with the devices needed for crypto to work full fledged.
I dont think if Crypto will replace Fiat, Reason being The fact that Fiat has been in existence for the longest period of time. Fiat is all wev known as a form of exchange and it will be difficult to adopt another means, Besides, not al people have embraced crypto just yet, most are still very cautious when approaching crypto majorly due to the governmental regulations. in some areas, people sill dont even know that crypto exists.even if it finally replaces fiat, it will take quite a considerable period of time
I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR)
I think crypto will not replace fiat money. Crypto will only live on the internet and fiat money can run as usual. Although crypto is growing and the price every year is always high but I believe fiat money will not be replaced with the digital currency. Bitcoin is made as a means to replace fiat currency. Which of course from Bitcoin, we will get a lot of convenience and also security in managing all our financial economy. Bitcoin is a testament to the digital technology we will use in the future.
I think if the fiat of replacing the crypto world would be a centralized form which is a big problem the high security of our private key can be known by the higher authorities.
There is no fiat like the traditional currency used by all our ancestors for years so that every country has a local currency and has central authority.
Fiat currencies will continue to dominate as long as there are nation states and governments are powerful enough to enforce their laws. And it will be a long run for cryptocurrencies to replace fiat money in future.
I don't it will happen easily because fiat currency is the system acknowledge since we're not born. If ever it will be implemented, the whole nation must be aware of this advance technology to be able to replace fiat currency. In my opinion, it will take effect 10-20 years before we made it possible.
I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR)
will not. cryptocurrency will not be replaced with currencies like dollars or anything else. the two are very departing and will not be interchangeable
I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR)
will not. cryptocurrency will not be replaced with currencies like dollars or anything else. the two are very departing and will not be interchangeable I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR)
Yes, of course, why not. Crypto has a very rapid development even until the future I'm sure crypto will grow rapidly and grow. If everyone in the world uses crypto automatic currency fiat currency will no longer be used. Then it could be cryptocurrency replace fiat. What is worthy of replacing the fiat is Bitcoin. Bitcoin deserves to be the best coin.
Maybe it is impossible to happens, crypto cannot replace fiat money.
Crypto currencies are decentralized and users wanted to use it freely and if the government wanted to take over then it will not be decentralized currency.
Yes, I agree with your opinion, the password can not replace fiat money. The current liquidity of BTC is not as high as fiat, so it is difficult to replace and it is important that using BTC for payment will probably cost a lot of investment in equipment technology to meet the demand. used by the people, and some other inadequacies that we see in reality are encountered ... Crypto currencies are decentralized and users wanted to use it freely and if the government wanted to take over then it will not be decentralized currency.
I think its been more years to take place before it happens, there are many things to consider and the government has the power if they will approved it or not.
Yes, it is not easy to replace fiat money; I agree that there's a lot of considerations you should do and it will take a long run for Bitcoin to be accepted in the whole world.I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR)
I think that it has a high possibility that cryptocurrency would overtake FIAT in the future. Specially we need innovation that we could use in the future plans which concentrate all matters on computers.
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