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Topic: Will crypto replace fiat money? - page 19. (Read 2052 times)

full member
Activity: 350
Merit: 106
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May 29, 2018, 10:45:14 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)
These are two different currency and no one of each will replace one another. Both currencies are important in their own economic state and each of this has its own uses and cannot be replaced by each other. People need fiat and people also need crypto in their own way of uses of these currencies.
newbie
Activity: 42
Merit: 0
May 29, 2018, 10:32:33 AM
I think yes, but not now  maybe many years to come.crypto now  is in infancy not all government accept crypto currency.
newbie
Activity: 29
Merit: 0
May 29, 2018, 10:30:23 AM
This will be gradual, do not expect it to happen in just few years. With time passing by more and more people will switch to crypto.
sr. member
Activity: 798
Merit: 250
May 29, 2018, 10:28:42 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)
It's possible, but Crypto money needs more time to development! This times, only the first time development, Bitcoin or t altcoin will become popular when is widely used !
full member
Activity: 308
Merit: 100
May 29, 2018, 10:25:08 AM
Crypto never can replace the fiat money . It can take place in payment area in shopping but for daily use fiat money is nessossary. Because of the high return the importance of bitcoin is raising as an investmet,so most of them will not use bitcoin for payment.
member
Activity: 70
Merit: 10
May 29, 2018, 09:38:10 AM
Too early to talk, bitcoin only comes to life. Bitcoin still have a lot to achieve overcome and will takes many many time. 15 year perhaps
copper member
Activity: 275
Merit: 1
May 29, 2018, 09:17:01 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)

In a short time it is impossible that it happens, the command will make a ban on the bitcoin. But in the future the possibility of that happening, when the cryptocurrency becomes increasingly popular then the fiat currency can be replaced with cryptocurrency.
copper member
Activity: 301
Merit: 2
May 29, 2018, 09:06:28 AM
Cryptocurrency and Money Fiat actually have the same function, which can be used as a means of payment of sale and purchase of goods or services. but I think Cryptocurrency will never replace fiat money, because although both are still different. Fiat money is physical and Cryptocurrency is Digital. not everyone will be able to understand Cryptocurrency, so if one day it is accepted as an official means of payment. they will run together, between Cryptocurrency and Money Fiat.
jr. member
Activity: 313
Merit: 1
May 29, 2018, 08:47:41 AM
I would argue, not in the near future will replace the conventional currency even almost impossible. What is likely to happen is blockchain will be used for interbank transactions using conventional currency. While the crypto currency will only function as a transaction token, and in the end there will only be some crypto that will survive if any merchant receives the crypto for payment.
newbie
Activity: 196
Merit: 0
May 29, 2018, 08:41:20 AM
You doubt that Cryptocurrency will replace fiat, at least not Cryptocurrency as we know it is licensing and independent of government type. Whether a sort of Cryptocurrencies government will emerge is the question itself, though you doubt the feasibility of this concept. The central bank wants to keep control of the currency to influence the economy, good or bad. This is the reason why the gold standard is abandoned, and replaced by fractional reserve banking.
full member
Activity: 461
Merit: 101
May 29, 2018, 08:36:44 AM
for now I think can not replace the fiat money because some bitcoin countries are still not in the official, maybe if later the government has inaugurated bitcoin for that bitcoin can replace the fiat money ...
I guess cryptocurrencies for now is hard to say that it would replace the fiat existence in our society because crypto is not yet accepted legally in some countries and my country is belong to those countries who are not yet accepted it. So it is hard to utter like that today with regarding to the subject but of course we always hoping for a positive results of crypto's.
newbie
Activity: 111
Merit: 0
May 29, 2018, 08:31:22 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)

Yes, It is possible. The crypto currency is the future currency. I think crypto will replace fiat money in crypto era.
newbie
Activity: 113
Merit: 0
May 29, 2018, 08:29:55 AM
Well you can see that a few countries have already started to develop their own cryptos like Dubai, Estonia and China for example. Maybe crypto won't replace fiat but it surely is there to be somewhat even with it and be it's backup, but reducing the use of fiat will greatly help
jr. member
Activity: 667
Merit: 1
May 29, 2018, 08:27:29 AM
Nothing will replace fiat money. Fiat has been existing for long and its incorporated into every sector and daily activities. So for any cryptocurrency to replace this , it will go through all those stages which isn't a small journey . even if anyone currency is going to replace fiat money probably its going to be bitcoin and no one can say exactly when this will happen. The journey has started but its a long one.  A possibility is general acceptance which we hope it happens soon.
full member
Activity: 252
Merit: 100
May 29, 2018, 08:23:20 AM
for now I think can not replace the fiat money because some bitcoin countries are still not in the official, maybe if later the government has inaugurated bitcoin for that bitcoin can replace the fiat money ...
newbie
Activity: 168
Merit: 0
May 29, 2018, 08:16:12 AM
No it will not happen because cryptocurrency is a decentralized form of digital currency which is the opposite to fiat money that is a centralized in form. As we all know that when you say decentralized form then it value is not stable and will determine only on its demand. As demand of this digital currency goes high then so does the market price of that digital currency or cryptocurrency. And of course we do not want to get decentralized to get mixed up with centralized form of money.
full member
Activity: 616
Merit: 100
May 29, 2018, 08:12:40 AM
i think no, because as i know that fiat money is the main things in a country, as we can see that there are so many fiat currencies in the world, every country have their fiat money, its because for their identity of their country and usually used in their country
newbie
Activity: 26
Merit: 0
May 29, 2018, 08:09:23 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)
If there were crypto that would replace fiat then it would be btc aside from its popularity many people put their trust on it..maybe time will come that it would replace fiat but it may be on a hundred years.. we will not experiencing it because as of now many of our generation doesnt have any idea about it also many govt institution were against it..but someday as the technology keep on arising blockchain technology would rule the world.
newbie
Activity: 266
Merit: 0
May 29, 2018, 07:53:52 AM
Crypto can replace fait money because it comes to no surprise that financial institutions have started recognizing the use of cryptocurrency as an asset with real value. This could be taken as a good sign that crypto will soon replace fiat money in the future.
newbie
Activity: 14
Merit: 0
May 29, 2018, 07:52:49 AM
Too hard to tell yet, but I am pretty sure that some form of crypto or "digital" currency will replace all fiat money at some point of time anyway.
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