Will crypto replace fiat money? - page 7.

Demughni

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Quote from: 1inside1 on November 21, 2017, 02:27:43 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)

Yes, I am sure the crypto will replace fiat money in the future.Because I think crypto will dominate in the future.

maxman190

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The war between Bitcoin and cash has already begun. Slowly but surely, the currency is gaining momentum and is becoming more and more familiar and ordinary concept.

thanhdat031

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Quote from: 1inside1 on November 21, 2017, 02:27:43 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 extremely unthinkable that the crypto supplant fiat cash on the grounds that crypto is extremely not the same as the fiat money.it isn't generally a cash that cruised by the administration perhaps it is just a sort of investment.while fiat is a cash that cruised by the administration property and it ought to be utilized to gather taxes,orcpay everything wuth its comparing country.so then it is extremely unimaginable that the bitcoin can supplant fiat.

tanjimaarfin23

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No one replace fiat money. Few peoples use crypto currency bt every peoples use fiat currency. So cryptio will not replace fiat money.

Emanammy

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I think it is not possible to replace crypto with flat money.because today people are working on it and achieving revolutions.

oOVVVVVVVOo

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I think that the end of fiat money can happen in the next three years. And as it seems to me there will be more than one basic crypto currency, - there will be a lot of them.

ETHtotheMOON1

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Quote from: Haslett5236 on May 31, 2018, 10:19:46 PM

Quote from: Salesman4coinZ on May 31, 2018, 06:11:51 AM

I think one day cryptocurrencies maybe will not replace fiat money, but they will be accepted in a lot of stores and places all over the world. So when the resellers and people more like to accept cryptocurrencies then fiat money, i think we got it. Because fiat money will not dissapear in the next twenty years.

in fact, this has already been the case in china. although it is not directly related to crypto, but they already have an app called wechat whereby everything over there can be paid by this app. so they already considered to be cashless society already.

very true, either way, cash is going to diminish and online money will be here instead. let's all hope some cryptocurrency will be the one taking over, not some other technology.

fuding12

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I think it takes a long time to evict fiat money significantly. Behind the fiat money there are the most interested parties, they are the government and the conventional banks. of course they will not remain silent.

And another problem is, for users who are outside the reach of the Internet or remote places, chances are small to use crypto currency that requires connect with the internet.

nebiki

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if I think it will never happen to crypto replace fiat money, because there are still many countries that refuse crypto in the country. so it is impossible for crypto to replace the fiat currency

Brenok

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Quote from: 1inside1 on November 21, 2017, 02:27:43 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)

Yes, most likely the currency will replace paper money, but for now it remains a mystery what kind of coin people will use or there will be several of them ... In my opinion, BTC will vryatli enter this list

jakoylantern

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For me, cryptocurrency will not replace fiat money or real money. But it will depend on the future if bitcoin’s acceptance and legality increase. But even bitcoins legality increase I think bitcoin will not replace real money, we still need physical cash, because we can guaranty that all establishment or stores will accept digital money. The government creates real money and bitcoin is not that’s why there is some state prohibit bitcoin because of it, and they want to say that we have our own currency we don’t need that cryptocurrency that no one can control. In the future, cryptocurrency can replace fiat money because of the technological world will happen but the percentage will be very meager if government sectors will not create their own crypto.

phelanceter

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It is impossible for cryptocurrency to replace the fiat money in the future. Even credit cards is not everywhere so it is need time to changes. Maybe we will see it, maybe not.

Mr.John19

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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.

Yatsan

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Leading Crypto Sports Betting & Casino Platform

Quote from: xiboothrezi on May 30, 2018, 02:30:54 PM

Quote from: AntonGrishko on May 30, 2018, 01:40:12 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.

But it takes a very long time and must be balanced with the construction of infrastructure facilities to facilitate bitcoin transactions that are highly dependent with internet connection. The important note is, it will be realized if the legality of cryptocurrency has been fully recognized, although every government has a chance to make their own cryptocurrency.

In theory, it would really come to a happening wherein bitcoin and other big crypyocurrencies will dominate not only the investment world but most especially the currency industry as well. After all, fiat currency is getting pretty outdated in the coming of days and bitcoin continues to improve as a coin and as an asset. That's why I believe that it could be a big possibility.

Vamh_s

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Well I guess yes Grin

but it will many years to adopt into all countries.

bjmpoker001

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Quote from: 1inside1 on November 21, 2017, 02:27:43 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)

For replacing fiat money, cryptocurrency need to fix their transaction fee and time.
the problems for bitcoin i think the high tx fee and the long blocktime. If it improved good, surely it will replace fiat.

Jacata98

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I think Crypto will not replace the fiat currency, but the existence of Crypto will be a new way to exchange values.

Haslett5236

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Quote from: Salesman4coinZ on May 31, 2018, 06:11:51 AM

I think one day cryptocurrencies maybe will not replace fiat money, but they will be accepted in a lot of stores and places all over the world. So when the resellers and people more like to accept cryptocurrencies then fiat money, i think we got it. Because fiat money will not dissapear in the next twenty years.

in fact, this has already been the case in china. although it is not directly related to crypto, but they already have an app called wechat whereby everything over there can be paid by this app. so they already considered to be cashless society already.

binghope

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Quote from: eduvacation.net on May 31, 2018, 01:08:32 PM

Crypto is always reserved to be used as a substitute for fiat currency but it is difficult to realize because if crypto must replace fiat currency then there must be regulation from all countries in the world related this crypto. In addition, there is a need for an economic balance of the transition period from the exchange of this currency.

But if Cryptocurrency replaces government cash, it will be very costly for this, the cost of preparing machinery and technology to meet the needs of the people's BTC and some knowledge of technology. Therefore, in my opinion BTC can not replace fiat money forever after.

Faxmate

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Quote from: Magkirap on May 31, 2018, 12:25:10 PM

Quote from: johnrickdalaygon on November 21, 2017, 05:57:47 PM

Well i guess its YES Cheesy

but it will takes many many years before its all implemented in all over the country.

Many people believes that bitcoin will replace fiat but if they want to this thing happen it need to under go in many processes. In addition to that, some people say that bitcoin will become our world currency and it will not replace our traditional money. I hope in the near future all government will consider bitcoin as currency.

Why no benefit it has bitcoin is best currency which has a lot of benefit and it is highly volatile which is spreading best knowledge and awareness about digital currency and new technologies among people, bitcoin use is more than fiat now a day as it saves our time and it is fait payment methodology which give benefit for every single use for payment in market and shopping malls or to pay for bills, so in short now people like bitcoin more than fiat and gradually fait will get vanish completely.

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