Bitcoin Forum

how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN? ???

the transition from physical currency to digital currency has begun a long time ago. these days people rarely use cash. we are all using cards, our phones and all kinds of weird stuff to pay online/offline. and that was a long process and took years.

transition from fiat to bitcoin is another thing though. I don't think it will happen. people and government won't simply give up on their centralized country currency and use a decentralized global one. not for another 100 years maybe. but that doesn't mean bitcoin can be used as a currency alongside fiat though. I am only talking about replacing it.

More and more people are accepting Bitcoin every day, and now that Bitcoin is finally going to scale there is nothing holding it back.
Since people already use their cards and phones to pay (via NFC), in-store payments with Bitcoin won't be as difficult to them. Scanning a QR code is just as easy as using Android Pay, if not easier.

But cryptocurrencies will never replace FIAT unless it's a centralized, government-made cryptocurrency (meaning not Bitcoin).
We can therefore only hope that Bitcoin will be used everywhere alongside FIAT.

Transition has been happening all the way from the days of bitcoin getting into existence. Recently Japan legalized bitcoin and soon more countries have started to show interest on bitcoin. Before that few countries such as Swiss and Korea had plans of implementing digital cash.

We are just waiting for the new history to be fulfilled.
As long as the value of our Digital Currency keep increasing, i like that.
Keep on collecting crypto coins, join mining, engage in Trading & receive free Airdrops.
And crypto holders would benefits. Time will come, people will completely choose Digital currency.

In terms of payment methods, there will not be much different indeed. And a good example of a town that is all about acceptance is Arnhem, http://www.arnhembitcoinstad.nl/kaart - this shows a map of the places that are accepting BTC.

That will be easy for everyone if it has been given a good explanation. We've often seen, already many payment methods using digital technology and we just need to convert it into digital currency technology such as bitcoin. Bitcoin just need to be legalized then people will be easy to use it.

With regards to legalization of bitcoin itself it has nothing to do with the transition of fiat to digital currency today, because people were now making digital currency as sources of fiat currency and in an exact term to say it commonly an exchanges from digital to fiat cash money.

People adapting to change won't be any problem for long as much as we have developed over the to use things that we  never thought would have been possible 30 years back but in the case of bitcoin, the moment government is pushing for it, it won't be long for every one to comply fully and compliance would mean acquiring the required knowledge in due time without any stress and also promote its use as well.

Its a matter of educating the people about the advantages & benefits of the digital currency.
If the people are properly oriented, they would embraced digital money.
If the people saw the good results, they would adapt change.

I think they will be happy to see this change. Just imagine no worries of bank huddles that we get all the time, no more documentation practices amd more added security. I can transfer funds across the world within matter of time.
Even some countries are taking leap by making their country a digital world for superfast working. If they see that as a future then surely they will accept the bircoin as happily as they are loving the digital world today. :-)

Also, getting rid of bitcoin would be so fun as there wont be any need of carrying big cash with while shopping or travelling. Bitcoin will solve the problem with a QR codes.

Yeah its a good change and everyone will love it.

Fiat will never be the same as bitcoin, if they go into electronic form. The main difference in these rates is that Fiat is regulated by the state and, therefore, will always be inflation. Each coin has its own bitcoin financial proof and therefore they are not threatened by inflation. There are more differences, but it's a long story.

We are still actually in the introductory stage for cryptocurrency and this can take a lot of time before cryptocurrency can be accepted by the mainstream population. There are many factors holding back its massive adoption. Plus only a few authorities seem to have an approving mindset for decentralized digital currencies as it mean less control for them. This control issue can be a thorny one as move along down the road.

Now, another factor that can put a blackeye with cryptocurrency is the fact that since transactions are not reversible it is now the preferred choice of hackers and scammers and soon even terrorists would be jumping into the bandwagon. I am not saying that it is the fault of cryptocurrency but we all know that when a tool is becoming popular with criminals the use of that tool can be regulated by the government.

It is hard to tell where is cryptocurrency is going to be years from now. I am wishing that it can be so popular that governments will have no choice but to accept it but then we really don't know what developments would take place that can in one way or another influence the use of digital currencies.

I would like to share the recent example of India, the government of India recently demonetised largest denomination currency notes and there was a sudden surge in the cashless transactions and even the price of Bitcoin went 15% to 20% up for the pricing in India. I don't think we are new to the concept of Digital money so there will be no issues in the adoption of Bitcoin in my opinion.

* Shift to cashless economy: Demonetisation has indeed boosted digital payments but let’s not over-hype it (http://www.firstpost.com/business/shift-to-cashless-economy-demonetisation-has-indeed-boosted-digital-payments-lets-not-over-hype-it-3822579.html).

* demonetisation: Demonetisation: Why Bitcoin is gaining currency in cashless times (http://economictimes.indiatimes.com/small-biz/money/demonetisation-why-bitcoin-is-gaining-currency-in-cashless-times/articleshow/55865960.cms).

This is not new. I used a digital currency as a payment method. Instead of bringing cash, I choose to carry a card or a mobile phone. It's quite lightweight and safe. So the transition from FIAT to DIGITAl is being adapted and used by many people

if I get it right yeah its been used already but if there's other things that OP meant I think it will still achieve and since that we are inside crypto better to
expect a lots of things like this, digital age are already conquering the industry and fiat wont be able to stop it.

So when create the Bitcoin, Satoshi Nakamoto not say it is digital currency, he say Bitcoin is cryptocurrency. But the definition cryptocurrency of Satoshi until today I can't understand it :D. Maybe the cryptocurrency is currency decentralization and not have anyone can control it.

But he said that it will be widely used and the volume of the traffic will increase the reason it needs a solution. That case he knows what will happen and also his predictions and goals to bitcooin.

For me, cryptocurrency and digital currency has the same difinition they just have a different terms.

It will take much time before the world shifts toward mass use of a digital currency and Bitcoin will replace fiat money as a currency. Currently, many countries have recognized Bitcoin as a currency and I think that this is a great step towards it. For this to happen, I think that it should be first be made available to everyone. Everyone should have access to it, and technology should advance to allow convenience for every user.

It may take several years first before this may happen, but I think that a shift towards a cashless society and the use of digital currency would revolutionize society and its use of money.

It will not be easy, but remember we adopted paper money in replacement of gold coins back then so it is not impossible. The thing is the human race is moving towards phasing out paper. That will likely include paper money in the future. Money will also be digital, but the question which one is it? Will it be bitcoin or other cryptocurrencies or will the governments create their own digital currency.

I think you are correct that governments want to control their own currencies and as long as the inflation isn't too bad, they probably will use their own system. However, just like gold, stocks, bonds, PayPal, credit cards, etc., Bitcoin can still exist along with government money.

Bitcoin can still have a niche along with other payment methods and other types of investments. And it can be global whereas a government currency is usually regional.

I agree with you. It will require at least a decade to replace paper money with digital permanently because many people are still against digital currencies. They find it scam and tough to be handled. I believe if we keep bitcoins supporting, one day they will replace paper money forever.

Transition to digital cash is easier and nowadays all around we see all stores accept digital cash but for bitcoin it isn't as famous as digital cash , plus many countries government have issues with bitcoin. It isn't as easy as it sounds no one owns bitcoin so if a payment doesn't work or the seller lies that he didn't get it can be a problem for the legal team

What do you mean how? You did it. Well, maybe not a complete transition, but at least you started looking into Bitcoin. People will immediately start flocking to Bitcoin as soon as they can see that Bitcoin is providing them more benefits than fiat. At the moment that is not happening.

The main thing that people will consider when switching is practicality. I mean if you are switching a major portion or all of your funds to Bitcoin, you would obviously want to be able to use it for your grocery shopping and everyday activities. Since most vendors do not accept Bitcoin as payment this would be a deterrent to possible Bitcoin users. Another issue is price volatility. I can assure you that most people would not want to have their fiat funds into a volatile, barely usable, digital currency.

Moreover, in order for merchants to actually accept Bitcoin, it should be better than fiat. Lower or at least equal transaction fees, faster confirmation times and stability of price. These factors all need to be addressed before merchants even think about accepting Bitcoin as payment.

Furthermore, new innovative ideas – not only Bitcoin – need to be implemented. Take for example the coin that I am advertising for, Enjin coin. The team behind it plans to implement a gaming cryptocurrency into an already established gaming network, Enjin. This will definitely cause more people to become aware of cryptocurrencies and many will become using them. If you want to view information about Enjin coin and their endeavours, just click the signature under this post. 

All of these factors affect people opinions about Bitcoin. It is not that they don’t know about Bitcoin, it is just that they don’t see what the point is in switching what they already have. This is what we need to address. If that can be done, then people would easily change from fiat to cryptocurrency. After all, we are becoming more digital every day.

I think that it is in evolution for that to happen. I mean, digital currency is the future. Like in many Sci-Fi movies, where we can see digital currency, i also do believe that something like that will happen in future. People will adapt to that too, like they adapted on credit and pay cards. At first they will be suspicious, but when they understand it better there will be nothing that will hold them from not accepting it.

You know that will never happen. It’s not possible to transition fiat to digital, because there are some works that needs to be paid for in cash. Not everybody will be carrying their mobile/computer around, just because of digital money.

Take for example, you’re a plumber, and you finished working only to be told to go home that you will be sent the payment to your bitcoin wallet. You won’t agree to that, cause you need your money in cash.

Its going to be slow. And i don't think there will be a complete change. Right now digital currencies are appreciated by a lot of people especially those who're more.into digital transactions. But a lot more would still be wanting to transact with fiat, which they've been doing ever since.

Transiting from one point to the other has never been a problem for human beings because we have evolved at every point in time to the stage we are today. It might be slow, but what is sure is that we will get there. Also, the transition from Fiat to Digital is already on the way with the cashless policy several countries have put in place which if cash is totally erased, it then makes it easy to move to bitcoin since its also cashless but all this will happen in due time.

The transition from fiat to Digital, I think it takes a process that is not fast, whatever the reason, people are still more interested in using fiat as a tool of transactions, especially for older people, I think they tend to think that fiat is easier for transactions , Because fiat does not have to use internet access. And for now I think fiat and digital money will go side by side. To the point where people really use the digital currency to do any kind of transaction.

When the internet was made and people realised online shopping was cool and all, then we started to slowly transition over to credit card and all sorts of online payment options, such as paypal, etc.

With our growing society, the transition involved stores adding new payment methods. I think that maybe in a couple of years, bitcoin will be added to a lot of stores and we will be able to spend Bitcoin to buy stuff in real life.

There is a difference - credit cards and paypal managed to add convenience to the way we shop. Bitcoin doesn't do the same. Unless there are discounts offered for shopping with bitcoin, or some other tangible reason, people won't feel the need to change.

It happens already for how many years already since bitcoin have existed there are people do already make some transitions from local fiat to digital currency until now because theres a high trust on this coin which people do really decide to switch into digital currency from local fiat but not completely because we do know bitcoin still isnt accepted worldwide and do have still limitation regarding on legalization but well its still good because we can use as it is.

They easily adapt the change from fiat to digital because bitcoin is so easy to use, because you just need a bitcoin wallet and then you just need to transfer it to another person by just having the unique bitcoin address and then it is also so easy because it just takes a few minutes before the receiver fully received the bitcoin that you sent.

Agree, digital currency isn't just bitcoin but bank already issued their digital currency in form of cards.
Bitcoin created as an alternative currency but the difference is it's decentralized which makes it more interesting than any other centralized fiat currency. Doesn't mean fiat currency is bad at all but bitcoin is a better form of monetary system.
Bitcoin and fiat currency will be used in daily basis but it takes more time for bitcoin to achieve that goal.

I still prefer cash because you don't have to use any device to buy something you want to buy. Unlike digital currencies, you have to use device to use it because digital currencies only depends on electronic device. That's the major problem the world will face once all currencies will go to digital. Power interruptions can cause a devastating effects for digital users. Government also have the control of your money because theres no way they are gonna let users not to pay their taxes. Also it's prone for hacking. Expect this when all money are going to be digitalized.

Online shopping is a huge thing in our society and also the internet so people had to think of a way to use currencies online, i guess we just slowly adapted towards online currencies and now we have credit and debit cards which can both be used in real life and online. Looks like our society has really grown especially with the invention of the internet.

I hope bitcoin can evolve into being able to be used in real life also.

The use of digital currency is another type of transaction method, this is useful for long distance transactions. Fiat is practical to be used for everyday needs. We are not experiencing a fiat to digital transition, the digital transaction method adds up to the present transaction methods, which is the use of fiat in order to lessen the hassle for the people.

Yeah, fiats can’t fully be converted into digital currencies or like it is simply out of question that digital coins will ever replace fiat forever. Fiat and digital currencies, both are the need of time and systems will operate in a better way if they support both type of currencies. Digital ones are great options for international transactions.

I think adapting from gold coins to paper money was more of a difficult method than adapting from paper money to digital money, this is because digital banking and digitalization as a whole is accepted and used by almost everyone, if not everyone.
Besides that people are used to have their value on digits on screens, think about internet banking, think about ordering something online, this should go smooth if bitcoin or any digital currency would be used in whole world.
The real problem is IF it should hit the world and be accepted, I highly doubt that because corrupt governments and high position fools do not want their wealth and power to be messed with.

In some way fiat today is already partly digital. For example you get paid for your job on your bank account and you spend the money with your debit/credit card. This would be just a few transactions which are completely digital.

Of course the transactions fees will helps Bitcoin pass Paypal and credit cards. Example when we use credit card or paypal for order some things very expensive, maybe higher than $50,000 Bitcoin is best choice for you, do not need you verify or prove your money is fresh 8)

Start with online banking, introduce backend as blockchain related currency, have the app auto convert the value.
That might confuse people since their balance is changing so probably would need a cash side and a cryptocurrency side with a note on the screen that the prices are changing over time.
Done and implemented.

Probably the technology will update soon because of the cryptocurrency potenital i think it can be used as a payment method for buying usual stuff also will be improved the techonolgy to confirm transactions faster then it usual and it will help for businesses provide payment

That conversion should get easier as time goes on and as Bitcoin goes more mainstream. There are only a few ways to convert currently with localbitcoins and a few companies like Coinbase etc. In the future more businesses will open to do this and eventually banks will probably need to adapt to convert between Bitcoin and fiat. Banks that don't do this will begin to fall behind and lose customers.

It is not that easy to adapt a big change where fiat currency will vanish and be replaced by digital currency. It is difficult mostly to elders, cause not all of them adapt the modern technology. Many of them, do not prefer using online services instead they still stick to process they already know. Like paying bills, they would rather go out than pay it online. Fiat currency will not be replaced by digital currency as easy as others think, it may took many many years for people to adapt this thing. There must be a proper way to discuss things about bitcoin to let people know and be knowledgeable about it.

yes it can all happen, because fiat or banknotes are now inefficient if always in use up to 10 years to come will make the paper raw materials of wood from the trees will run out. if all did not change into the digital world then the world will get hotter.

Digital currency has been around for 30 years!

Credit cards, debit cards, ACH transactions, bank balance movements online - that's all digital currency.

What you're asking about is CRYPTO currency. It's very different. Crypto currency involves an encrypted security to it that verifies that the bitcoin in your wallet is actuall bitcoin.

How will people adapt? It'll start as an attraction to a new investment, asset class, and then will evolve to acceptance as currency (particularly after the price has stabilized somewhere)>

People can easily adapt digital currency because of its characteristic. It is easy to use, easy to transfer and many more.

The digitization of money started one with the ATMs, credit cards, online shopping and so on. Regarding the crypto currency, there is another story. It won't be easy to accept the crypto technology but, i consider that every day practice will help. When people will say that everybody is doing it then why shouldn't he do it so, it's just a question of time and practice.

That is good the transition of fiat and digital has already started we are bound to digital currency world , because as you can see many departments and stablishments have shawn accepted payments  through bitcoin. The centralize process of bitcoin from the country of Japan, USA follows many countrymen to suit implementation to cryptotechnology due to many users request.

Right,  but of course before all of this happen regularly,  bitcoin must first be legalized. Before  we can fully adapt bitcoin in our daily life,  it should be first allowed by the government.  That is just sad because bitcoin was made for all people but as soon as the government recognize its usefulness and puts up bars around I am sure that bitcoin will no longer be as how it used to be.

I think it's the opposite way around. Digital to fiat is the better one. Have you already tried that one that you mentioned above? It also confuses me too. I guess it's better if cashing out money from crypto to make it fiat and that's the time you start your bank account,not the online banking. I think it's a lot worth it so that you can ask more information directly to the bank or if you have complains. As you mentioned,the balance is changing and it needs cash that's why I prefer to fiat money first so it maintains the balance and with less worries.

People might find it difficult to adopt the technology of bitcoin especially those who are not literated enough since the only way to access cryptos is thru internet it is important that the people will learn it. I think the process will take long before the full adaptation of digital currencies

Definitely, it is very hard for someone who is not that technically good when it comes to technology to adopt such kind of digital currency that is why in some areas or part of the nation specially in some provinces that doesn't have gadgets and even internet they cannot even recognize what is BTC means because they cannot even know how to use a cellphone and even know how to use internet.

the use of digital currency may be for some people who already know the internet must be familiar with it, but some people out there still use fiat currency because they may not be used to using digital money and maybe it is easier to do for those who have not been too both in accessing the internet, and more tends to use fiat currency as a means of payment, may take time for everyone to get used to knowing and using digital currencies

First thing, bitcoin is not only digital currency, it is 'digital crypto currency'. There is this difference. When we say online transaction what is that isn't it a digital money. Earlier plastic money (credit card) was there. It is still being used. Now mobile paying technologies are there. So people are using digital payment systems. With complete digital where there is no chance of seeing you money like fiat (actual you could see you bitcoin in paper if you convert in in paper wallet, this is closest to the physical form of crypto). There wont be much problem for people once they get used to the concept. there many tokens available with different purpose in purchase.
Once the transaction time is lowered withing minute or so, majority people will find it easy to operate with.

Yes 100 years or more maybe. It is really hard to accept this. How will large nations react on it. Foreign Exchange will be extinct which means every country will just have the same currency. Gold reserve will not be important for a country's economy.

Maybe before we reach a world using just crypto currency we need to have a stage first that every nation has a single currency.

Hopefully when we reach the stage that crypto currency is the new fiat it will still be bitcoin not just a government generated crypto currency.

People adopt digital currency if they know how to use it.

actually we have adopted to the system of digital currency long time ago, for example atms. they are considered as digital money since you can transact without using actualy money even it does not have value, on the other hand bitcoin, throughout the world it has not been accepted yet by all the countries but it is just a matter of time that all businesses will accept it.

I think there are very few countries that now accept the switch from fiat to digital because of its inconvenience, it is difficult to pay compared to cash. Besides, you can almost convert in Japan and a few countries accept it. Conversion technology is not ready yet for us to spread around the world

It must be at least 10 to 20 years before everything goes digital, but it can also come soon if government support bitcoin and other digital currencies.

I think cohabitation is a better term. I'm not sure that it will ever be fully digital - even now you have the cases where people are exchanging stuff for stuff. This will never go away.

It is good question, part of them won't adapt, that's why we won't use crypto as  a common medium of exchange soon. We could imagine that it would be hard for some poor countries and elderly to adopt. It is like a credit cards, nowadays a lot of people use it but not all. The same situtation is with crypto, not many use it but the number of users still increase.

Ideas as to the content of this thread has been discussed I think so. Meanwhile, talking about transition of fiat to digital currency, I think is going to be a difficult task. Bitcoin has some draw backs like internet access and so, can't take over fiat @ least not now.

It is totally difficult and its a long process. Fiat money are totally in the heart of indivuals, I don't think that replacing it with digital currency would happen because probably many people will opposed with this. Actually, we can used both of them and it depend on us which one we are preferred of. So there is nothing to push by replacing it because both of them have doing great and have value in the market.

It's a long and hard process before people switch from fiat to digital currency. I think not of all people have a good knowledge in digital currency but it can be learn if people wants to use bitcoin or any other cryptocurrency as the new payment system replacing fiat. But first i think it's good if both are exisiting at the same time and people starting to learn what is good in using digital currency. Fiat is always here because it's has been used by many countries.

Maybe I think if all country has 99.9% users of bitcoin and complete internet site obcourse. So, in that particular circumstances maybe  all people has join and cooperate to use any digital currency not only for Bitcoin but all transactions would be use of digital currency without hazzle transition from FIAT money.

But long process I agree with that, but remember all country has a Baranggay level, all leaders of baranggay will teach people to use a new generation decentralized method which is BITCOIN.

It could be more on adjustment at first but later on, is just an ordinary transaction may happen. Using digital currency is just simple and easy for us to make, the only thing that we need is a strong or stable internet connections to run this technology. If is not present, then their is nothing to happen.

Such a transition has been taking place all around. Very few countries have been focused into digital form of growth. Maybe in the upcoming days more and more digital transition might happen rather than just transition from paper money to a digital form but not to cryptocurrency.

perhaps by creating new technological tools to facilitate various types of transactions or place of payment and make its users become more comfortable in wearing them.

It's the beauty way of the process , when people become more mobile and advance in this digital era , people seek something more efficient and cheaper. That's why more people interest on bitcoin recently by seeing the fact that bitcoin already reach $ 5500++

Future is nearly approaching. Fiat to digital money is possible. But I dont when it will be. The world is continuously progressing.

The transition of Fiat to digital currency was long happening, so with bitcoin I guess we, globally not totally transitioned due to some government officialls that cannot really accept bitcoin at all. But surely in the future everything will be use via digital.currency but we cannot deny the fact that it will tale so long yime to happen and we cannot replace fiat at all due to its being fast to transact and was used for long long time

Through Internet Connections The Transition of Fiat to Digital are faster to recognize.
Before No Internet, when Going To Bank you have to Chitchat with The Teller or the front desk Officer To arrange The Transaction.
But, Now, since Internet has Come up to People (Everyone) The Transition is Faster, DIGITAL can also be use for Buying Goods.
And This is The Foundation of our Future.

many of us wants to transition from fiat to digital but its not simple like that, government should prepare many things like internet connection which now is not available in every country or every city. each of government should realize that the transition need access to the internet and its really cost big budget and not every country have big financial. today, only big country which have big funds that will be ready to make transition but they won't make rush decision because it will affect to their economy too so they must have a good plan to implemented the new system.

They would be forced to adopt if a certain government would decide on such transition on digital currency but i do believe that this kind of transistion would really be somehow complicated and would really be long to adopt specially not all people who do believe on a certain country are tech geeks which can easily get the changes which we know there are elderly or those people who dont really even have ideas on these things.

Credit cards are also considered as digital form of currency but it is supported by your bank accounts or other fiat assets. If OP is pertaining digital as in the crypt currency it will be a long road for bitcoin to be on that phase, unlike credit cards bitcoin don't have any tangible assets that supports it, it is just the trusts of its users.

thats the world behind , its called progress i guess its possible but we still need to use fiat even we already got digital ways, as we cant always use digital
unlike fiat that we can use each time we in need fiat will still continue being use the most but always looking forward for more adoptions of digital.

First and foremost, bitcoin should be widely introduced not only on social media but also on university as well.
Economic class should introduced the concept of bitcoin to students since majority of the users of crypto currency will be on this generation then I think everything else will follow.
Transactions has already started being paid thru online and introducing bitcoin will just be the start of accepting it as a legal form of currency.

Fiat and digital aren't opposites. A digital currency can be fiat. Fiat simply means that there's no tangible asset behind the value of the currency. The value comes from market forces, "the invisible hand" or whatever you want to call it. If what you mean is how the transition into decentralized currencies will be, I don't think it will happen. Governments won't give up that kinda power.

The transition will happen so far the blockchain is not destroyed and government authorities are being liberal to new technologies such as this then we get to see a smooth but gradual transition.

However, while in some countries because of the advancement of technologies over there or the level of exposure of their citizens to either education or basic technological use, it becomes expedient while to those developing countries, they might not get there anytime soon but the sure thing is that they will get there.

My concern however, is that the transition might not necessarily be for bitcoin because a lot of countries sees their currency as their identity and if they want to adapt to a new technology such as this, they would want to still keep that their identity which is the reason why we might see a lot of state backed digital currencies in the near future.

i think fiat system won't disappear in this world so no matter what happens crypto currencies and fiat system has a boundaries with each other because government won't let fiat system disappear. And also bitcoin can't be used as a daily money that youcan use in the store because it is decentralized. the price of bitcoin and other crypto currencies are not stable.

I don't agree with the idea that bitcoin cannot be used as currency. Lack of demand will push shops to accept bitcoins. Any sagging bitcoin prices then kompensiruet its growth. Only try will trade with small amounts. Price of small transactions is very high and it does not yet turn around the trade.

The importance of the fiat and the money has its own place but the value of the bitcoin is having some other value, I like to use the bitcoin as the high source of income because the price of the bitcoin is increasing and the circle of the bitcoin as well. Try to use the bitcoin as the place of the fiat and not to convert because he importance of the bitcoin is much high as compare to the fiat money.

The transition of fiat to crypto was already begun on the very early age of bitcoin. But the problem only of this is the acceptance of the government, nothing else because as we can see they are the only one that really do not like bitcoin.
But we can say the transition of fiat to bitcoin is can really help ones life.

It is true that bitcoin has been gaining attention and a lot of people are using it nowadays. However, it would be really difficult to have a transition from fiat to digital currency because almost everyone still use physical money for small to big transactions. Digital currency will make a way to make things easier but it cannot get the place of the fiat money from thr world of finance.

Bitcoin is the only decentralized and widely used digital currency.Now the transcation of FIAT to bitcoin is became very easy and fast.So many are start to inverse their money in bitcoin and their are free to cashout at any time they want of dollar.Even huge amount of transcation are possible in bitcoin.

When we do talk about transition then its general that if bitcoin become mainstream then we are already residing local fiat and make bitcoin is on the spot but we do know that these things are not possible. There might be a possible transition but only for those e-currency which is centralized or being made by government which I do see the high chance or possibility to happen than on talking into bitcoin itself.

It is easy, because having crypto is much more easier to manage, you do not have to have huge bills on your pocket to buy a car, you can do it right after away that you want to buy something, it is quick, fast, and cheap, that is why i prefer cryptos instead of fiat.

to make fiat money disappear it would take a lot of afford and a lot of times. goverment seems didnt like cryptocurrency. from the start they afraid of it cause it will destroy bank and make goverment influence through money become decreasing. so its takes a lot of time to make people realize and to make this system accepted by all people around the world.

That would be unlikely to happen because fiat is more convenient and cash payments exist for thousands of years. With digital current you have to have internet, computer or smartphone at your side and not everyone can use them and there are things you need to pay by instant cash for example paying for  street vendor or electricians

This is nothing new, the fiat to digital transition has been done for a long time. But if the transition of fiat money to Bitcoin in my opinion has not been realized because some people still depend on paper money, they consider Bitcoin as an opportunity to earn money only. Even if it happens it will take a long time to make it happen. but it can happen in the future.

It's been done already, some nations have already succeeded with the transition but there are
still countries that are still on the process with the adaption process. Considerably the change
from fiat to digital currency has been made possible and popular with the rise of Bitcoin. It
started as an alternative means of transaction system, a very efficient one too. And in the span
of 8 years, bitcoin is the number 1 currency in the market. A well known digital currency that
made adaption possible and gave birth to cryptocurrency revolution.

Hopefully we don't faced this kind of problem in the future. I mean transitioning to what we are not prepared to adapt too will do more harm than good. We are now living in the world where we are not forced to using only one payment solution, by having a full transition to certain digital currency it will only hinder people are not in favor of using it, I mean people who are not inclined to using gadgets and devices particularly the elderly, we don't expect them to be using their mobile phones (If they have one) in paying something.

I think this will not be easy especially to those place who has no internet , yes it's helpful but I don't think all people can use digital currency because not all place have an internet.

I think fiat to bitcoin will not gonna happen easily and not in a short time.  In the first place fiat is always backed by the government and some government hates and bans bitcoin. 

First will be the transition to electronic Fiat. I think the cancellation of the cash will be soon. But e-money and cryptocurrencies are two different things. Fiat is important for the existence of the state. The economy can exist and develop only with manual control. Cryptocurrencies will never replace national currencies. But the existence of cryptocurrencies can force large capital to fight for workers. This can lead to higher wages.

In third world countries like those in Africa and South America and some parts of Asia FIAT is dominantly being used everywhere to make our transaction and i can tell you that it is going to take more fifty years for digital currencies to be used everywhere in the world.

I do agree with you. I guess, fiat will always be there forever. Even if there are a lot of people now who uses digital currency, still a lot of people who will still prefer fiat. Especially to those illiterate people. They are not knowledgeable enough in that kind of thing. They would rather prefer on what currency they are comfortable to used with.

I heard some news that FIAT relase to some cyrpto currency i think that was the first step. To get minority people know about digital cypto currency. And then they will acknowladge people with the benifit of it for better transaction
And people will more use it slowly but sure

You make it sound like this isn't something we haven't been doing for the last 50 or 60 years. Ever since the inception of credit cards our money was digital right then and there, it didn't change when Bitcoin came along. The only thing that changed is peoples understanding of money, and if they realize enough you would see we are already in a digital ledger cash system. Bitcoin is much more than just digital cash, digital cash is just the surface of what Bitcoin is all about.

Simply just as people gets adapted to changes they will adapt to it LOL

Many people would oppose the transition especially antibtc peoples but still it should be enforced not wiping the fiats but alongside wit

Can it really take place?  That we would start having money based on the internet as digital currency....this will be 8 wonders of the world.

The traditional means which is physical financial transactions will always be there because money is a very sensitive aspect of humanity. For digital currency,  any mistake made in terms of codes or other errors as we know it, huge some of money is gone  ::) and this is not so with fiat.  For fiat, you can even revisit a neighbor to complain of shortage of payment, refund and etc about previous financial transactions.

They won't have to adapt because that won't happen. Governments won't allow such situation to happen because they are actually holding the control and not the common people which are holding the decentralized currency. As much as I would like for the Bitcoin to be implemented as a currency within all countries I  know that this situation won't come to the light.
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There are too many people which don't even know how to manage the physical money; how would they in this matter manage the digital?

Its better that they dont adapt from, fiats to digital or else they may sink to hell

I recently wrote something on this topic. Please forgive me (and let me know) if it was a breach of protocol to share it here: https://medium.com/@WilliamFreedman/poor-misunderstood-bis-needs-a-hug-28c92a5de99d

Change is inevitable and a constant in life.People who have seen the benefits of
decentralized platforms of running digital currencies and the profits thereof would
not feel any reluctance embracing the change whole-heartedly.The investments and the
profits made from crypto currency is encouraging enough to move from fiat to crypto currency.
Bitcoin is already in California stock market exchange.This shows that the elites have also
embraced digital currency and want to control it to their advantage.What any investor need to
do now is to position himself/herself so as to maximize profit from the trend of digital block chain
backed  activities.
 

Fiat money is forever because I cannot imagine days without fiat money. Digital currency will be a secondary source of money.

So short, yet has an enormous meaning.
Bitcoin is very new to everyone. It just existed a few years ago. COmpared to fiat that has been used for many many years ago, this kind of currency is very unusual. But technology is so powerful now. Thus, bitcoin existed. Bitcoin has been created with  the help of technology. So I believe that, as people embraced technology, they will be able to embrace bitcoin as well.

people will adapt change from fiat currency to digital currency but not in this year because there is a lot of work that needs to solve and the government is not yet accepting digital currency and they don't think that digital currency will bring a better life. it is difficult for people to use digital currency in their life because there are only a few stores offline that accepting digital currency and I think maybe it will happen in the next years.

This changes of the modern day to day is part of the future, transition of Fiat money to digital currency would be reality in the future to come because our technology today is fast rising to advance changes in which people around the world would adopt even if they would not like it.

Ridiculous to hear but a time will come when beggars will beg for btcs not fiats any more :) That marks the transition :)

Adapting a currency from fiat to a digitalised format would require some time as different countries would be needed to adjust into this system, considering that developed and developing countries have their own technological advancements. Countries who are on the underdeveloped side are on a disadvantage, as they would require a system wherein people would have access to internet and a form of gadget that would allow them to transact digitally. Compared to countries who are on the developed side, their current state would allow such implementation.

Though it may be ideal, I do not see its implementation in the near future as countries would be needed to adapt into this mechanism. Considering also the economic discrepancies present, I doubt that they would prioritize such currency digitally.

I don’t really think so that there is such need of seeking the permission from the government if you are planning of converting your paper money into any of the crypto coin.

This is something which is entirely your own choice and that doing this will help you in having more amount of paper money at time when you will sell back your crypto coins. You can do this for having a better tomorrow as well.

The transition might take many years for people to use digital money more than fiat money in volumes, but I do not really support the idea of eliminating fiat money totally from the economy, it would always be better to have both fiat money and crypto-currencies to provide more alternative choices for people to use when making payment for goods and services.

People still are responsing positively but gets resisted due to pressure and discourage of Government authority

I think the transition between fiat to digital currency was started many years ago. Transferring of money from one location up to another but not in the form of cryptocurrency was begun in 2005. And I think, it is not a big deal right now that we used cryptocurrency as our medium of exchange because even in my country (third world country), digital currency was already adapted.