Bitcoin Forum

for me i think 1 day will come all fiat currencies will be lost and only cryptocurrency will remain

so you'll buy a loaf of bread with your phone? isn't that a little weird?

Fiat currencies will be replaced with something different currency for sure. Before it happens, a big revolution in the world needs to happen first. After all, fiat currency is not backed by any real value. I just hope that more and more people will understand it. Right now the only good practical alternative for this is cryptocurrency. However, I don't think it will happen in my lifetime.

Since a past week I am just fed up of cryptocurrencies. I mean I am just over these. People come with an ICO other people invest their money into it in hope of increasing their money. The ICO creators just take all the money to develop their project and give a shitcoin in return. Which is tradeable and the story ends there is no further development in the ICO. Tell me one ICO which has completed its project completely? Is this the way in which we imagine that all crypto will prevail?

its good question.i think next generation will go for paperless money.crypto is changing world

No because that would be catastrophic to the world trade economy and it simply won't happen. The usage of fiat money may go down severely but it won't cease to exist soon, perhaps way down the road like 50 years it can.

It will actually take more time than we are expecting currently there isn't any currencies which can be used offline and the internet services isn't available everywhere in the world plus the costs is too high. A national currency shouldn't add any extra cost. Maybe by 2050 when internet is actually free crypto currencies might come into consideration.

Secondly handling the load many coins don't send instantly or the fees is really high. Only ripple seems perfect till now but still fees is required.

Bitcoin will never under any circumstances replace all fiat currencies. He has not the slightest chance about this. The states are very different, some will accept the crypto currency, others will treat it cautiously and restrict its circulation, while others will openly forbid it. In addition, even if the state recognizes bitcoin as a legitimate means of payment, this does not mean that the whole population of this country will immediately switch to its use. Some categorically do not want to do this and no one can force them to abandon the currency fiat, which will be convenient for them.

Crypto is crypto and fiat is fiat, no one can ever replace the other one around. Both will stay forever.

in my opinion, there will be a time or will come a time, only DIGITAL Currency will exist on this world, so they'll invent more than bitcoin., we're toward on that place. they call this "Paperless society" world.  :)

It is absolutely unrealistic that bitcoin should ever replace all currencies in the world fiat. With such high volatility of bitcoin, when he now jumps in price for thousands of dollars every day, then down and up, and if he grows up in price, then, accordingly, his price will change by tens of thousands daily, no state can plan development of its economy. In addition, many states were treated earlier and now continue to be hostile to each other and will not want to use one currency and depend on each other. Wars have already occurred since the birth of our civilization and are unlikely when they will cease. Therefore, until then and the chances of bitcoin, no one will become a single currency in the world, even under the most favorable conditions for this.

The founder and CEO of Overstock, Patrick Byrne, said: "Do you think this is a bubble?  And what about that fiat currency that is now in your purse?  This currency, called the dollar, is provided only by the excessive power of the US tax authorities.  I think it's time to switch to real money - gold or bitcoin. "I fully agree with him.

I personally do not think Bitcoin will replace all fiat currencies. Just take a look at Bitcoin. Slow confirmation, high transaction fee (especially for small transactions), easily clogged by some random fool, etc. If that would be the case, fiat is much efficient then. However, the existence of Bitcoin and other cryptocurrency is the key in moving into digital money as secured as Bitcoin.


Buying with your wrist is weirder.

it's wrong position
Bitcoin - it's virtual money, fiat - it's micro payment solution.

this question has been answered several times here. no that cannot happen since governments won't allow that. even if they do it will take lots of years before bitcoin becomes widespread enough to be used in a daily use and by then, who knows how the world will look.

fiat is a form of special economic sovereignty, to the extent that they will not accept bitcoin as a second currency, but the prospect will be different if America ends up wanting to consider bitcoin as a common currency all over the world, many countries will appreciate and tighten rules positively. But bitcoin will remain in a position not as the successor of fiat, just a common currency option.

But it isnt weird to buy a loaf of bread for a piece of round metal or a piece of paper with a face in it?

That is all weird.
I do believe bitcoin cannot be the fiat of all.
It can be something. An internet money. Something no one should convert when they go to the internet to buy stuff.
Imagine that happening then online shops wont have to deal with questions like how much this is to my money and that blah blah.

That can happen. A higher possibility.

This is evident that bitcoin has come a long way since it has begun and has reached immense heights of success and popularity among people and it has lead to increased users through out the world. But still I don’t think that bitcoin will be able to replace fiat currency. Because firstly, fiat currency is way more popular than bitcoins and also has many many more users through out the world. Secondly, fiat currency is a stable form of currency and its value does not fluctuate often whereas bitcoin is not a stable currency therefore its value fluctuate a lot.

Blockchain technology will change the entire financial market in the future, as a representative of the blockchain technology bitcoin will be increasingly welcomed.

This will not happen. Fiat currency will stay there and maybe a digital fiat currency will be created for fast transaction and ease of access.

crypto currency such as bitcoin will also stay but not as a currency. bitcoin will be a medium for storage of great wealth.

For now, I think BTC can not replace the status of legal tender. First, not every country allows BTC trading. And the price of BTC is not stable, I think you will certainly not be willing to buy a pizza today, a BTC, a BTC can buy a house tomorrow, is not it?

What makes you think it will happen? with the fact that, some countries do not accept and prohibit bitcoin activity. I am just pessimistic this can happen. although currently, bitcoin is still unfamiliar to some people.

that is what you think, but in fact government wouldn't let their fiat dissapear or not used by people. for now bitcoin get banned from several countries and even for payment, it is hard to use it for now

Untill now speculation again, it has never known what bitcoin really is and how far it cab be. Bitcoin history say like this,,, Bitcoin is pretty much like cash for the internet. And they said again like this,, Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. It obvious that the bitcoin exchange is too vaque for the fiat money..

This is evident that bitcoin has come a long way since it has begun and has reached immense heights of success and popularity among people and it has lead to increased users through out the world. But still I don’t think that bitcoin will be able to replace fiat currency. Because firstly, fiat currency is way more popular than bitcoins and also has many many more users through out the world. Secondly, fiat currency is a stable form of currency and its value does not fluctuate often whereas bitcoin is not a stable currency therefore its value fluctuate a lot.

maybe,someday will come all fiat currencies will be lost and crytocurrency will stay,who knows.well, if that is happening it is very advantage to us because we have already a bitcoin.but what happen to the government then?maybe its chaos.will looking forward for what is happening in the near future.

I do not think that far, fiat money is replaced with crypto money. But if you see crypto coins getting popular it could happen, fiat money will be replaced with crypto money.

Well, if your thoughts are going to happen then, it would be a great advantage to us who knows about bitcoin. But, in my opinion I didn't see any signs of chances of crypto currencies to replaced all our current fiat currencies. Its volatality is not acceptable by many and also only few of world population who knows about crypto currencies.

bitcoin will take a very hard time to catch up with the benefits of fiat money, but rightnow we are appyling bitcoin technology to replace fiat money more and more such as no more paper money in payments, however bitcoin is still not completely compatible to replace fiat money, it is still having so much problem in fees and slow transactions, so it make take a long time to see bitcoin replace fiat money.

I personally think that is a stretch, I believe cryptocurrency will be a big part of how we transact. But there is still value in fiat currency.

No, fiat still more flexible and more effective for direct transaction with no fees in there. Not like bitcoin, if we user bitcoin when we are in direct transaction is so funny, cause we pay the fees but we are in there

in past some people dream if bitcoin will change fiat and become mass payment. but now they complain about fee when they want to send their coins.in my opinion, now bitcoin not suitable to be a payment because fee problem. and a lot of government ban it like what you said

But we are just waiting for that moment to come, when all the countries are biting the bitcoins as new fiat currencies, there is no reason for the government to ban the use of bitcoin, because fiat fiat may disappear the next few years !!

You may be right. Sooner or later, anything has been replaced by something better.
In my opinion, the fiat currencies will disappear in the future, but I do not know if they will be replaced by BTC or something else.

No, never crypto currency will replace the usual money fiat. It roughly sounds like there will soon be peace in the world. But in order to ensure that all calculations are carried out only in the crypto currency in the whole world, it is actually necessary to unite the economies of all countries into a single global economy, approximately as it is now working in the European Union. Because if only the crypto currency is going to go, the economic deterioration in one country will directly affect the economy of other countries. This is impossible, because political strife and war are constantly and regularly and never stop.

When ? I think not like what you think. because the fiat currency will remain a real-life transaction tool. now, and 50 years will come. fiat currency remains the number one tool in real transactions. I believe, the future of crypto will be even greater. but not to replace the fiat currency.

Of course. It will be so much better Smiley. Actually I've heard of something in Facebook that bitcoin's race is just starting. So what are we going to do now? Pack your bags of bitcoins and HODL. And another thing of what I've heard, bitcoin might race to 350,000 USD this April! I am not hyping you guys but I'll be sure to hodl!