Pages:
Author

Topic: Will crypto replace fiat money? (Read 2051 times)

jr. member
Activity: 340
Merit: 1
June 03, 2018, 02:51:22 AM
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.
jr. member
Activity: 90
Merit: 2
June 03, 2018, 02:22:57 AM
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...
full member
Activity: 354
Merit: 103
June 03, 2018, 02:16:35 AM
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.
newbie
Activity: 60
Merit: 0
June 03, 2018, 02:16:23 AM
It is literally hopeless that the crypto take over fiat money because  crypto is literally contrasting from the fiat money.
jr. member
Activity: 90
Merit: 2
June 03, 2018, 02:14:42 AM
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.
member
Activity: 182
Merit: 14
https://bizzilions.com/?ref=sham100899
June 03, 2018, 02:04:28 AM
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.
newbie
Activity: 280
Merit: 0
June 03, 2018, 02:03:48 AM
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.
newbie
Activity: 112
Merit: 0
June 03, 2018, 01:58:26 AM
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.
member
Activity: 364
Merit: 37
June 03, 2018, 01:42:57 AM
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.
full member
Activity: 420
Merit: 100
June 03, 2018, 01:34:49 AM
 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
full member
Activity: 546
Merit: 100
June 03, 2018, 01:11:25 AM
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.
newbie
Activity: 70
Merit: 0
June 03, 2018, 12:54:58 AM
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.
sr. member
Activity: 623
Merit: 251
June 03, 2018, 12:43:10 AM
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.
sr. member
Activity: 490
Merit: 251
June 03, 2018, 12:39:26 AM
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.
sr. member
Activity: 817
Merit: 250
June 03, 2018, 12:05:03 AM
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
to replace fiat currency I do not think it would be possible, the two money are completely different, cryptocurrency will still be accepted in some countries but there are some countries that do not accept it. fiat gidunakan as their primary payment tool and cryptocurrency is the second.
hero member
Activity: 952
Merit: 500
June 02, 2018, 11:59:12 PM
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
newbie
Activity: 168
Merit: 0
June 02, 2018, 10:50:21 PM
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.
member
Activity: 392
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
June 02, 2018, 10:44:56 PM
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 ...
hero member
Activity: 2590
Merit: 644
June 02, 2018, 09:45:24 PM
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.
It is completely impossible to replace the fiat money with cryptocurrency because the fiat money is already stable and the whole world are supporting it because that is the system that they been using for a lot of years so cryptocurrency is more likely to be an option and not a complete replacement for something.
newbie
Activity: 161
Merit: 0
June 02, 2018, 09:41:47 PM
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.
Pages:
Jump to: