Will crypto replace fiat money? - page 20.

millionaireshs

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Quote from: 1inside1 on November 21, 2017, 01:27:43 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)

This is an old issue already, fiat and crytocurrencies are too different from each other. They have their own strength and weaknesses and both excel in their own field so stop comparing about two different stuffs. You are like comparing apples to mangoes. One thing is for sure, in the future, cryto will boom including businesses related to it but we still this fiat for some reasons.

KobbyC

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Fiat money is legal to the government. Crpto is not accepted worldwide now. But i think crypto will replace fiat money, not in this century though it needs to take more time and more struggle. It is not easy for Crypto to replace fiat money but it is possible maybe in the 25th century.

zanhef24

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Quote from: 1inside1 on November 21, 2017, 01:27:43 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 its not gonna be happen because people are just using crypto for fast and reliable transaction they only used that as a mode of payment.Fiat currecies is better than digital currencies, crypto is our digital assets only.

bitfocus

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Yes, in a few decades, almost every country will issue their own state-backed centralized ceypto (which they can track just as their bank notes) and the economy will go crypto, too.

elmirdo

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Only bitcoins and ETH can do this. You will see that more than 90% of coins will not even exists after 20 years.

crazy-pilot

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This is very possible future for us, over time credit and debit cards will be inefficient if made as a transactions tool. I'm experiencing it right now.

elkafee79

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Quote from: 1inside1 on November 21, 2017, 01:27:43 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 It is possible. Crypto will replace fiat money, Maybe In the future it will happen, because Crypto is the future currency.

Xxmodded

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I think not, because fiat money will still be used as a traditional transaction wherever they exist especially in the life of the middle class. I believe the future of Crypto will be wide open and will probably be the most used transaction tool of its time. but to eliminate fiat currency I do not think it could happen.

saaayyyeeel

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Bitcoin will replace the fiat money and it would come very soon. As of now, there are some stores accepting Bitcoin as payment while some other serves as the bridge in paying, they accept bitcoin and they pay our bills in exchange of our Bitcoin.

Ondre

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Yes it will replace fiat in the ner future. When that time comes bitcoin and altcoin holders will greatly rejoice.

crisnel26

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Quote from: DoublerHunter on May 28, 2018, 11:59:24 PM

Cryptocurrency will not replace the fiat money because the fiat money are backed and supported by the government and that is the reason why we can't expected that cryoptocurrency will just replace the fiat money because it is not also a stable currency since its market is so volatile and not the best for pricing.

I completely agree with the statement. I think both fiat money and cryptocurrency will just co-exist, and one will not replace another. The one is as important as the other to the people who makes use of it, especially for a living. If cryptocurrencies will replace fiat money, its value will never be stable for the reason that the market will always have a change in the demand. This will definitely cause trouble for a country's economy, if in case it happens.

Darker45

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Quote from: 1inside1 on November 21, 2017, 01:27:43 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)

It is just a matter of time before this will finally happen. I am expecting Bitcoin to be the one that will replace the use of fiat currency in the world. Of course, this will not happen overnight. I am wondering which country will finally fully adopt the use of cryptocurrency by way of Bitcoin over the old and obsolete fiat currency system. It will definitely be happening in the most advanced countries first.

Saveralll

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Quote from: yakafi on May 28, 2018, 08:56:39 PM

Quote from: 1inside1 on November 21, 2017, 01:27:43 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 It is possible, because In the future, crypto will dominate. Crypto will be needed, thats the reason why.

it will not happen because fiat money is more trusted by society and has been used since ancient times. crypto can only be used when there is internet network while money can be used directly without using internet network.

DoublerHunter

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Cryptocurrency will not replace the fiat money because the fiat money are backed and supported by the government and that is the reason why we can't expected that cryoptocurrency will just replace the fiat money because it is not also a stable currency since its market is so volatile and not the best for pricing.

Golftech

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Quote from: JennetCK on May 28, 2018, 10:52:23 PM

That is possible if every country in this world has a good economic growth. Every country have internet, devices and technology. Crypto transaction can be made thru online only. If a country don't have those, then, they cannot.

That's the disadvantage, it wont work in the place where technology still not that advance, Fiat still the basic currency that they can only use, though crypto can be an alternative and those developed countries can easily adopt the reality still depends from how countries will see the potentials and how they will
completely absorb the technology.

Ronni

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For me no... because fiat money is still the one who are being used by people and this is like the "traditional" way of transacting money, crypto can be an alternative and not a replacement for fiat money. Crypto will always be there but it cannot replace fiat money.

JennetCK

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That is possible if every country in this world has a good economic growth. Every country have internet, devices and technology. Crypto transaction can be made thru online only. If a country don't have those, then, they cannot.

Rodeo02

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Quote from: DainSLane on May 28, 2018, 08:44:48 PM

I agree with that crypto will replace fiat money but i think it is too long for that it will happen, with crypto business transaction will be faster ever through online and no corruption will be made with this because there is no government officials involve.

it takes a lot of time actually yes there is a possibility that in the near future there is a chance that fiat may overcome by bitcoin and we can be able to used this we should wait for it.

Burogh

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I dont think cryptocurrency can take fiat money place in a country. Government or central banks must be want to control currency supply and crypto basicly using decentralized system that can not control by any authorities

Fintan Lee

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Yes definitely I have no doubt a out it. This is the cyber age so a cyber currency makes sense and there already is an infrastructure and its name is Bitcoin and runs on blockchain. The future is here today. It's only a matter of time before everyone jumps aboard. It might not be bitcoin but crypto for sure will be used instead of fiat in the future.

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