Bitcoin Forum

At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.

So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.

Thats a good thought about the bitcoin and fiat tie up but there are again few more questions that arises. I mean why government will choose bitcoin for this purpose and why they cant just go and rule out the cash itself? So that by declaring that they will be using only digital forms of payments ? They can always do that and same thing is happening in country like India. Where to stop the money laundering they literally changed the currencies throughout the country and declared that use of digital payment will be rewarded. The results were pretty good and I guess its worth to think that government can control it the way they want.

Good thinking.
Using credit cards there will be traces of every payment you have made even with debit cards.
I dont believe about the privacy that was said by the banks. Yes another individual cannot look at your account but when it is the government they will give it.

That is the problem with all the governments. Theyhave the power to take something from us withh banks.
So better go with cash or crypto currency.
Very good.

When you sell your car to someone, there will be a transfer of ownership to you and this will leave a paper trail for the IRS or whatever tax authority. When they audit you or if someone else report you to the tax authorities, you will have to explain your wealth to them and what you used to pay for that.

Governments and tax authorities have full control, no matter what you think.  ::)

Trust me, these primary reasons are a lot more secondary than you might think. It's not that governments want to control flow of currency because of money laundering, though those are quite useful and convincing arguments since the sentiment can be quite strong behind them. Governments will use security, safety, terrorist funding, money laundering, to scare you into believing that you can and should give up your rights for the greater good.

But yeah, you have a point. States see Bitcoin as an existential threat. And they should.

In my opinion, cryptocurrency will be widely used in the future because there are a lot of people today in the corporate world who are earning a small amount of salary and if they only knew about bitcoins then they switch on it immediately by trading in the market daily.

Fiat will always exist. Cryptocurrencies can meet the needs of small scale. For the existence of the state it is necessary that the real sector of the economy. This is only possible with the help of Fiat. People who believe that cryptocurrencies can displace Fiat do not understand the basics of the economy.

Personally, I see the future without fiat money, but a full cashless settlement. The Internet currency is the currency of the future, there will be a word behind it.

      How can people trade anonymously if there is a presence of government? If ever government has a full control on bitcoin and fiat money then it is now centralized. Government know our identity for every transaction we make or even in doing trading. Bitcoin is decentralized digital currency and government is centralized sector that has a full power over fiat money. So,in my opinion bitcoin and fiat will both work for the sake of government and for the better living of many people. It will both become important in our economy and i hope someday government will know it ,so that they will also give importance to bitcoin as decentralized currency like fiat money.

Fiat will always exist. It is impossible to imagine an economy without cash. Together with Fiat currency, digital currency is also a full-fledged means of payment. Each of the nos has its own advantages and disadvantages. But together they perform one function. The digital currency supports Fiat.

Sorry to disappoint you, you can hardly trade anonymously with bitcoin or any other non-privacy cryptocurrency. Bitcoin transactions leave trails that can be tracked by forensic investigators.

To be frank we are here in the crypto currency and that’s why we always like to see our bitcoin or other crypto currency to take the place of fiat currency. Somehow we start to correlate bitcoin with all other type of ways to transact but that’s just not possible for bitcoin. At least not in today’s date when the crypto is in ambiguous use of real people in terms of laundering, scams, frauds etc. Governemnt will allow its use only when it’s really mandatory or upto the mark.

if the government has a goal to use in terms of transactions with bitcoin in order to make it easier to trace, I think it's too selfish for the government. because I think of course there will be more other things more positive that should be the goal for the government to legalize bitcoin and among them is to improve the economic system for all people who occupy a country.

I see the future of digital money as an option to everyone, yoy eitherbuse digital money of fiat money, because not all people wants to use digital money because of accessibility.

Government's will not tolerate this for long, with cash there's an excuse that you can't digitize everything, but with cryptocurrencies it's the opposite, they are entirely digital and there are very few reasons why all governments haven't banned them already. For now, while adoption remains low, they don't pose any significant threat, and governments might think that they will die on their own, so there's no reason to get bad rep for banning them. But things will change when Bitcoin and other coins will get improved privacy, judging by how governments threat privacy-based coins now.

Well we are talking about the future here so I don't think that these accessibility will not be a problem though unless a certain country did not lift their ban on Bitcoin and digital currencies. I think in the future Bitcoin is more easier and more efficient to use, and I think in that time all of the Bitcoins are mined and being circulated on the internet.

The USD will start to lose value everyday while cryptocurrency gains more users.  Right now the total marketcap is a drop in the bucket. 300billion is nothing on global markets, expect 5 trillion + in a year or two.

Nice interesting posts.
Just to be clear i believe bitcoin or any other decentralised currency will not be used by any country.
What i believe is that each country wi have its own CONTROLLED crypto currency without metal and paper money, this controlled currency will still be regarded by me as fiat.

For those of us who dont want to place our trust fully in the hands of governments and banks we will still use decentralised currency - bitcoin! Governments wont be able to control that!

I agree the point 300 is nothing but how you get a conclusion that usd is gonna start to lose value?

Being able to control the income, money and properties of the citizens is the main reason why most governments refuse to recognize or regard cryptocurrency most especially bitcoin as an online currency even though it made payment possible and less stressful for the users. Most governments are greedy and supremacy and wants to control every financial aspect of their citizens lives which seems unfair.

it may be difficult for the government to track transactions on crypto and control our money, because this is a digital era that is difficult to trace.

I agree even if you use bitcoin or any other cryptocurrency, it becomes complex when you sell or buy goods, they have full control and also in that case how they will make moneY?

May be not! Government will never put themselves in the ambiguity like that and they will never ever make regualtions which will allow peoples to openly make transactions which can just let them use the crypto easily and turn down the taxation over it. If they do it then who will sue the fiat currency at all. Plus it is impossible to trace every bit of transaction in the blockchain and you will never be able to diversify the transaction of different countries. Thus you will never know where the user is based, to which location they belong and thus almost impossible to know who made the transaction. I think nothing will work up and only fiat is the option at the end.

This is the reason that I think the society will not move forward because we are going to keep having inequality and injustice melted selfishnessly from those of the cadar. They wouldn't allow for new technology to be tasted when they have the idea that their businesses will be threatened.

This is even seen in the banking system and bourgeois whose products are patronized by the government, they abhor competition.

Absolutely.That's why,indian government is trying its best to promote digital payment and now it's in an idea to launch its own digital coin named Lakshmi so that it could get full control of money transactions.

For sure bitcoin has anonymous nature and it is hard to trace no one can know about your bitcoin investment that how much you have and how much you can have, I think now a day bitcoin is good to use because it reduces the street robbing and it has wallets which keeps it safe and growing so that no one can take advantage of your bitcoin, I think fiat does not have all these abilities so I prefer using bitcoin only.

Except these a lot of other facilities are there which bitcoin is providing us, we can use bitcoin for trading and investment, we can also use bitcoin for online shops, as so many big online shops are already accepting bitcoin for shopping, i think that its importance will continue increasing, and will continue providing us facilities.

I agree with you, seen from the side of technology can actually be understood very easily when dilatifat numetric digital system on fiat, and if the government allows and make regulation of the bitcoin and the world of crypto very easy once we detect the movement of sale and purchase because what is not can and what can not be detected in the present day but once again to be considered if the existence of crypto allowed by each government, whether the government is also able to provide security and comfort to the user of crypto, so there is benefit and reciprocity from the tax to the government, simply when there is a government tax, penguna crypto more secure and comfortable, may be useful and successful for all of us

I think that bitcoin will not fully replaced fiat, but instead, be a vital alternative that is used by a particular niche in the future that do not believe in the longevity of the fiat currencies that are issued by governments.

You only mention one aspect of the benefits of using bitcoin, namely, the anonymity. Having anonymity doesn't mean that someone is using bitcoin for money laundering. Anonymity is a basic human right, imho.

But also, bitcoin is a great store of value, and as such, will hedge against a potential fiat currency collapse. Situations in Venezuela is only getting realer, and I think in the future, bitcoin may actually pick up some of the things that gold used to do as a store of wealth.

This is one of the reason why some governments are opposed to cryptocurrency as they do not know how they can benefits from it as they cannot tax the transactions that is being made. This in return denies corrupt government officials to control the assets of the people of their country as opposed to fiat specially if the users of cryptocurrency will not pay taxes themselves.  

the best way for governments seems to be letting  the fiat and crypto operate paralely with each other as there would be so much room for the illegal activities without tax.

bitcoin and fiat are indeed competing with each other and it certainly makes the economy more varied in terms of financial management, and we can increasingly have the option to use it but I think the more dominant is bitcoin

As a beginning to the digital era, blockchain has been getting implemented over different functional sectors marking the change from the traditional system. This change can be expected with the financial system as well, and the same leads to the growth. So, there is no fear about the future growth of bitcoin.

There are some incorrect aspects of your words; governments can impose restrictions on anything even Bitcoin "If there are will and unity."
There is a lot of talk about the regulation of the Bitcoin, and after mining all the coins, it will be easy to track down the people who convert the Bitcoin among themselves, evil and Money laundering.
So even with cryptocurrencies, there will be no such amount of independent but better than the current system.
About taxes, governments are imposing it now :P

Cryptocurrency isn't yet in the stage of fully develop system, thus it is more on trials today to see how it really become functional in different fields. Though government isn't having a positive outlook into these cause they only think that it will just a threat to the economic system of the country but it may hope that they could realized it and to give room for crypto.

In my opinion, the most convenient form of cash payments for the government from the point of view of controlling co-operating operations is a non-cash form of payment, where different types of cards are used. Crypto-currency in this plan for the government is very inconvenient. That's why they do not want to introduce the crypto currency into our lives and legalize it. Ordinary paper money will vseravno exist in any form of calculation, and even in the distant future, until they disappear.

Certainly, governments will not accept it as legal unless they have an arrangement on the bitcoin. At this point, it is very difficult to see the crypto money as going out over other currencies. But it is very likely that the security weakness is removed from the scene and vice versa.

Street robbing! I think we all have less to worry about from street robbers than we do the banks and states who rob us in full view, in broad daylight, each and every day. Inactive accounts? Closed. "Taking care" of your money, which they just use to create more money and loan out to others for more? Charge fees. Use your money? Fees. Bad economy? Devalued. Pay you interest? Inflation.

Besides, street robbers could just break your arms to force you to give over your Bitcoin anyway ;)

my personal fiat will still apply bitcoin just as digital assets just like gold and its other investments, bitcoin will not be a fiat

This would be great. I believe that in this type of world economy we will live way more comfortable that we are about today.

But I am sorry brother this really can’t happen. Bitcoin is decentralized and you need to know that decentralized things can’t be traced back. No one can trace back the records and the amounts shared or transferred except that little information about bitcoins and its holders. And this is one of the dilemma for which governments aren’t taking any solid step to legalize bitcoin.

Well, i hate to burst your bubble but we can actually trace the transactions and thereby it would be harder to use it for money laundering. Some wallet apps that are capable of receiving and giving out fiat from crypto currencies require identification and would hamper your withdrawals if your identity is not confirmed.

Bitcoin is examples of open cryptocurrencies. Everyone can see how much money you have on your wallets, how much it you send and who gets this money.

On-chain there basically isn't much (close to zero) privacy, but off-chain (LN's second layer) will allow you to enjoy more privacy than ever before. In other words, from zero privacy you go to a decent level of privacy, which is a pretty significant jump in my opinion. The more nodes and adequately funded channels, the more anonymity there will be. At some point people will compete with each other by providing liquidity to LN, and that will make sure there is less hub centralization as some naysayers constantly keep hammering on.

True, the nature of Bitcoin is anonymous and never controlled by the government. So you will not need to pay taxes as well as money laundering and many illegal activities are easy. That's also why chings blocked Bitcoin and said it was illegal

To be honest, I think in future will be something like a symbiosis fiat and currency based on the blockchain, right after government will find the way how to regulate it, to create something own. And the government won't leave fiat, since this also has pluses, it's still more anonymously than any of cryptocurrency what we have already.

I am quite interested how much it is going to affect the Bitcoin mixing services and altcoins which aim is to provide 100% anonymity. Monero seems to be the strongest one right now and I can't imagine people ditching it for the second layer solutions. It will take years for that to happen. There are still many people who believe in the full anonymity of Bitcoin on-chain transactions which is a common misunderstanding.

This is true but it seemed our governments has refused to think things out in this way.  Trading bitcoin with fiat will allow governments to be able to tax bitcoin and cryptocurrencies.  I will advise governments to look at the potential of generating income tax from cryptocurrencies market by allowing free flow of cash among the both.

You are right it does have some advantages and we know this way could go sideways since bad guys could use this way as a money laundering scheme though if the government see this maybe they do something that is not favorable on our side

Yeah , but the real question is why governments will allow such thing to happen, all the government's control is in controlling the money because that is what our lives is based on, if they control the money they control the people, if digital currencies like bitcoin takes over governments will no longer have any control on the people, not only that but what makes you think that money laundering will stop when using bitcoin, it is the opposite, it will enhance it, i am not against crypotucrrency, and i don't like fiat as well, but why both can't co exist together.

The government can create a digital form of their national currency, such as might happens in some countries:
- Ecuador, issuing of a national cryptocurrency, Dinero Electrónico, in 2015 as part of the country’s monetary laws.
- Tunisia, making instant payments worth fractions of a Dinar, at almost no fees at all
- Sweden, not to be outdone, the Swedish central bank, Riksbank, is currently working on a digital version of the Krona. The eKrona, as it has been called, is slated for release in 2018.[1]
Sweden is the most cashless society in the world, it has been steadily moving towards a completely cashless society for years. Cash is now used in less than one in five of all cash transactions in stores.[2]

If the government aims to control money flows in the state, doesn't necessarily allow people to trade anonymously, they will completely ban other cryptocurrencies such as happened in China.

https://bitcoinhub.co.za/list-countries-national-cryptocurrencies/
http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone

yes, definitely, fiat and crypto will and continue to co- exist, well, as for the time being. there are only few merchants that is accepting crypto payments, and i am sure that it will not be completely zero fiat, maybe in the far future, as long as the internet access is still limited in many countries, as long as the price of crypto is highly volatile unlike fiats, this fiat and crypto tandem will never cease to circulate. 

Now, I think people are going to be able to spend cryptocurrencies, like Bitcoin, in mainstream situations. Cryptocurrencies will eventually replace credit cards and will be something you can access on your phone. I actually think cryptocurrency will replace fiat currencies entirely.

fiat currencies are centralized currency so government should monitor and controlling the fiat currency. But Bitcoin is a decentralized cryptocurrency and it is not control by government so cryptocurrency is not completely replaced in fiat currency may be it is legalised in future and fiat currencies will never stopped in entire world.

,yes you are actually right. they can ban instantly those who don't follow accordingly to their rules and laws. as for an example chuna bans cryptocurrency as for the moment, there are tendencies that it will be unbanned or it will be banned permanently, but still nobody knows what will happen , depends also on the developments of crypto and for sure only time knows what will happen.

I think the fiat still really important even the bitcoin has been famous nowadays, we can forget the fiat and mostly people around the world using fita for their individuals transaction and any other business.

The government will know how much money you have and will know what you are spending it on mostly. Maybe not specifically, but when you report it then they have access to it. The government can track digital money easier because all the records are there for them to have. It would make sense if they would want to have a digital currency for that reason, but who really knows?

Technically we cannot know who is holding that wallet which mean we are really anonymous but in terms of security we are not because of KYC. Fiat money is very important because not all people knows how to use cryptocurrency but I think our future with cryptocurrency is pretty amazing.

Absolutely true mate.. banks and governments tandem, just keep on fooling us around from the money that we’ve work our ass off. Its not like we got it from just setting or lying at home. And maybe that is the reason why most of the company decided to directly sends our salary to the bank through atm, so that they can trace everybody’s income. What a shame! And that’s one of the reason why the rich becomes richer and the poor becomes poorer. Sad facts.

more details, because every bitcoin or other crypto transaction is recorded in a blockchain ledger, so nothing can be hidden. can be controlled, but the transaction is also done anonymously. I also see a bright future with crypto as a decentralized payment tool.

Bitcoin and fiat both are in future, fiat is a government currency but bitcoin is not like that. Many countries not accepted bitcoin. Fiat currency can be controlled by the government whereas bitcoin is a decentralized currency it cannot be controlled by the government. Eventhough bitcoin is famous nowadays people use fiat only for their main transactions. Bitcoin has a bright future as a payment tool, but people use fiat also at the same time. They use bitcoin as a investment tool.

Transactions aren't anonymous if you don't do anything to get rid of your taint.

Most people buy coins from an exchange they are verified at, which is something that a lot people tend to underestimate.

Exchange > wallet > merchant = no privacy and the exchange itself and all sorts of agencies will be able to accurately monitor your activity.

Exchange > wallet > mixer > wallet > merchant = extra layer of privacy highly reducing the probability of having agencies monitor your activity.

Every coin that I end up spending or sending to my cold wallet goes through a mixer first, and that has been the case since 2013. The situation where privacy would become a worthless thingy in the future was clear already years ago. I know people who run their coins through a mixer twice, and it isn't because they are criminals. ;)

I agree. Even in the cryptocurrency world, governments still can implement taxes through our local exchanges and that is why we are paying it passively everytime we convert our cryptocurrency funds into fiat money. Being in a cashless society will still be under controlled by governments and we cannot escape or evade tax generally. Bitcoin will be our best investment or other cryptos while fiat will be good for economic stability so I think having both assets will make sense.

The fiat currency system may be seriously tested over the coming decade and ultimately we may need to find an alternative. Cryptocurrencies are all the rage at the moment and are as much about blockchain as anything else, but there could be an increasing desire for alternative mediums of exchange in the years to come. Keep in mind that fiat money is a relatively young innovation and it's only truly been the norm.

With the help of a mixer, you can achieve relative anonymity when transferring cryptocurrencies, but how can you achieve anonymity when exchanging for Fiat? That isn't possible. I'm sure that if you want you can track any activity on the network. It is expensive and requires a long time so the security services do it very rarely.

well, good insight! but if we say goverment its everything buddy! even how small it is as long as its taxable then goverment can trace and get to it...
on the replacement i would say its imposible to impose that kind of system but if side to side acceptable cryptocurrency and fiat then theres a great ppsibility to happen. even today some cryptocurrency is use as payment for some goods.. sooner or later it will widely use in the society.

The reason is clear enough and understandable to all bitcoin users why governments hate digital currencies like bitcoins whose systems are decentralized. All bitcoin users just want to avoid all economic affairs to be tied to the government so they can manage their economy privately without having to deal with the government.

i think cryptocurrency is the answer to the future about how to transact more practically in accordance with the needs of modern humans. although it takes a lot of time and difficult constraints but the development of technology can not be avoided

Bitcoin is popular in many fields, and the government may welcome the application of bitcoin in the field of industry cooperation, but the government does not welcome the rights of bitcoin to snatch Fiat.

The main reason for the regulation of bitcoin by the government is this one.Because the government  of that country like to get the tax from the people for trading,mining and crypto related activity.Recently South Korea start to regulate the crypto currency to track the transaction of their people and to get some tax.

Don't confuse it too much,you are actually paying the taxes while buying it firstly to the government so if you bough second handed cars then you no need to pay taxes again.It doesn't depend on the cash we are using it depends on the product we are buying if you buy something with crypto currencies or fiat in darkenet then it can't be traced but if you can buy car or more legal things then you have to pay appropriate taxes for that product.

Bitcoin and fiat currency both have bright future. But Bitcoin is upgrading currency. Bitcoin is digital currency and it fully supports the cashless society agenda by its innovative money transaction facility and Blockchain technology. Many online retailer and big companies start using Bitcoin. Bitcoin is has no physical appearance but it can convert into fiat currency. Although Bitcoin is a improve currency but it still ban in many country, it is not worldwide accepted currency but fiat currency is worldwide accepted and trusted. So i think in near future bitcoin has no chance to take the place of fiat currency.

If fiat is going to remain up until in the future I think there will be major upgrades regarding to fiat and bitcoin, first and foremost Bitcoin will be way different and hopefully it is much more imrpoved and advanced, on the other hand I think fiat will be more advanced as well, people will greatly be using both fiat and Bitcoin in the near future.

Your reasoning is not entirely correct. Cash is also controlled by the state to receive taxes. For example, in your example of buying and selling a car, such a transaction, as a rule, is formalized by a notary or through the relevant state authorities. At the same time, notaries and these state bodies are charged with paying a certain percentage of the transaction as a tax. Even if we go to a regular store and buy certain goods of small value, the price includes the value-added tax, which we simultaneously pay. We almost do not notice it, however, as a rule, we pay taxes even when calculating in ordinary paper money. Only when calculating between citizens, if such calculations do not require any assurance by third parties, the state can not fix them. However, such transactions are not so much.
Of course, any transactions with non-cash money the state has the ability to control completely.

I agree, Fiat currency will have an alternative currency in the future, I see the future will be digitize so that we need digital money also, Bitcoin is one of the choices, It will stand until the very next generation, so it is possibly will dominate the other currencies including fiat. Bitcoin just need to be consider by other countries.

Our future is surely attached with bitcoin, if we will save bitcoin it will get high in price, bitcoin has a lot of wallets which keeps it safe from being hack and all other problems of holding and rising, we should make our bitcoin famous more than fiat because it gives us security of holding and promising us to be high more than anything, our money gets double within few months so nothing is better than bitcoin these days so bitcoin is future currency which is gonna rule all over the world.

Right now, this is what we are experiencing. The synchronization of Fiat currency and cryptocurrency is now in reality where some of the nation's government regulated it to have a legal legit wallet for the citizens to be used.

Unfortunately, the governments always want to exploit users through a huge value of taxes, and due to they cannot control the cryptocurrencies through the transactions, that's why in these years there have been numerous attacks by governments in order to destroy Bitcoin but they always fail to achieve their goals because the field of cryptocurrency is very secure.

On the other hand, I expect that the future will be better than now in terms of the recognition of Bitcoin and the other cryptocurrencies by the countries, and possibly, there will be a good development, because I saw many countries that has a strategies in order to benefit from Blockchain technology, and they want to achieve those plans in the future (after a few years) and I think that FIAT will disappear soon.

Bitcoin and FIAT will go a long way, not until the government adopt the crypto or Bitcoin as main currency for digital transaction. this is the main issue on Regulation by countries who are looking into the Crypto trading market or the digital transaction, the other thing they are looking into is the Taxes imposed or possible taxation on all digital transaction using Bitcoin on the market treed. Bitcoin will remain in the market treed as well as the FIAT of different country NOT until the total acceptance of Bitcoin as main currency globally.

I agree with you that the government has the ability to take over the encrypted world if bitcoin can not develop without the support of the government.

In my own opinion, if the entire world or most of the people who are living in a country will be preferring cryptocurrency over fiat and governments can do nothing about that because people will always look for an alternative way to earn money and cryptocurrency is the answer.

Yes soon there will be only crypto currency and bitcoin instead of fiat so use bitcoin the more will save their future, bitcoin is our future currency because it has a lot of profit and it gets high with time, I am sure bitcoin will be legal world wide as much beneficial it is bitcoin will rule all over the world,. Fiat and paper money system is now being considers as an old fashioned way of payment which is almost getting vanish from the market.

Crypto currency is able to displace fiat only up to a certain level. Completely fiat will not disappear. There will always be people who will defend their right to use cash and there will be situations for its exclusive use.
Bitcoin and other decentralized crypto currency of the state will not be used because of its high volatility. They will use various centralized coins, including, first of all, national ones. Citizens can choose which crypto currency - centralized or decentralized it is to use.

Hopefully in the future this 2 types of currency become partner for better economy.

it will be a long way of process before that time will come, and we all knew that there are so many consequences that will happen, one of those could be arguements to which currency we should use or not, but it doesn't actually mean that we should compare both of them and the other way around.

Lets see what happen in the future and wait for our government but i think bitcoin and fiat are good partner because this two have a different way of uses that important to our daily life.

Definitely yes more income tax if bitcoin can controlled by government but how they able to make bilateral meeting to meet their representative for closely agreement for taxable deduction which is until now nobody can own this bitcoin Flatform  it is only in DIGITAL VIRTUAL CURRENCY no one can manipulate this.

This was the main reason for bitcoin to be invented, this is why it's called to be a form of digital cash, when it comes to cash you do not need authorization from the  governments or a bank to give your cash away and the same is true for bitcoin, this is why they are not very happy with bitcoin but they have no idea how to deal with it, they cannot ban it but regulation is not going to work either.

Thats good observation but i think crypto will invade fiat in the future, i see it as extinct money that time because it will be a cashless world. So we will be focusing on digital money.

The government will have thought of the analogy you made, selling the car with cryptocurrency and the government will get taxes or sell cars with cash and the government will not get taxes. If it is true that cryptocurrency is accepted by the government and the government will get a share of each transaction from each cryptocurrency user, I think cryptocurrency users can trick the government.

I mean, every user can exchange cryptocurrency to fiat currency and the user will make payment with fiat currency with the reason to avoid tax by a government. The thing of tax government will have a smart to set up, and if only rely on taxes alone the government will never to think and accept cryptocurrency. But I hope if the government accepts the use of cryptocurrency they see in terms of function and benefits that will be generated.

I don't think so, whatever happen Fiat currency would not disappear. Fiat currency is controlled by a government and the good thing about it is that if something happens to your money you still have the chance to recover it by recovering all you bank transaction. Unlike crypto, if you make some mistakes you can never retrieve it anymore. And most of the time elders are no longer interested to learn this kind of technology and they prefer to use Fiat currency. So I think this could never happen, being a cashless society.

Bitcoin can help improve our monetary system in the future, and it can reduce people's dependence on Fiat.

I think cryptocurrency will be widely used in the future because there are many people today in the corporate world who earn a little salary and if they know about bitcoin then they will try to invest with bitcoin to earn additional income. I have done it.

From what you said,  since digital money is easily traced and taxed,  this would also mean corruption can be minimized. However,  i believe both Bitcoin and fiat will exist in the future.  Because it is not easy to eliminated fiat. Government would have a great resistance on that. 

Government will be able to to do something about cryptocurrency, government will not be able to control the flow of cryptocurrency since taxes cannot be applied to block chain but the government might ban cryptocurrency in their country if the economy is being affected in a negative way.

The problem is not that the government will resist. Fiat and cryptocurrencies have a different purpose. The economies of all countries are manually regulated by the government. To do this, you need to have control over the currency turnover. This opportunity provides only Fiat. Without Fiat, all countries will collapse in the economy. We don't want that ourselves. So Fiat will never disappear.

Well as long as the government is still in power, they could do a lot of things to its citizen. If crypto is still illegal, the govt can sue you and put you in jail. Those people who prefer crypto must fight their way to legalize crypto in their country. Btw, legalization has nothing to do with earning money. I think in most country trading and gaining value from crypto is still allowed.

I agree with your point, digital payment will make it easier to monitor cash flows. It also will reduce the cost of cash—paper and coin don't come out of nowhere, they have to be printed and minted. But your car selling example is a bit off IMO, the govt would know anyway even if you pay by cash.

I think in the near future we will see both fiat and cryptocurrency will be down, there will be inflation from both ends, for crypto currency, there will be a lot of FUDs that will come out, but in the end, in the long run cryptocurrench will still be alive, however for fiat, since all the economy today seems to be going falling, if you check all the currencies today they are falling as well due to the price of oil, and if we check Venezuela, they tried to make a currency for payment of oil, and i think that would be the start, since the USD is falling, in the long run, inflation will be high and people will look for ways on how to earn, and the best thing to do it will be by crypto, though fiat will still be there, most will be shifting.

I completely support your idea guy. I think that almost all people in crypto’s market both have a wish to use bitcoin legally. Truly bitcoin and other cryptocurrencies is being owned in most parts of the world, but you know that still many other people don’t know what it is , that’s one of the most reasons that cryptocurrency still don’t be recognized strongly. Moreover, Government probably can’t control the digital market, thus they would not get many benefits from crytpcurrency any more, especially taxation. Anyway, bitcoin may be accepted like fiat someday.

This is what we all hope for but the problem is if the government will ever make this work out. If the fiat currency would work same in hand with cryptocurrency i believe there will be a less use of credit cards or wire transfer for online payment cause bitcoin and some worthy cryptocurrency would take over. And after for some time cryptocurrency will slowly start taking over but  the government will not really like this.

think paper fiat will very soon come out of circulation. Payment units will be a crypto currency.
The Swiss city of Zug is considered the capital of the crypto industry, in this city the official bitcoin unit. Switzerland has been one of the world's banking centers for decades. It seems that Switzerland will become the world center of crypto currencies.

But anyway because each government of each country has different responses on crypto.. it hasn't ensured that it will indeed happen, it will be different. Unless there may be mutual consent from all countries that intend to accept crypto, it may be more inclined to a more positive side to advance the country and its citizens to prosperity and more modern.

I don't know if you have heard about privacy coins, but cryptocurrencies can be completely anonymous leaving government or state agencies with nothing to trace. Also, there are mixing services, which can make Bitcoin transactions almost untraceable. Government can really trace cryptocurrencies and their hodlers because we still need to convert crypto to fiat which requires bank details for any actual use because cryptocurrencies still lack adoption and utility. Government still can't trace anything going on in Darkweb and OTC trades. That is why countries are trying to regulate and it making it necessary for people to go through KYC. But they still can't control the decentralized form of monetary system, cryptocurrencies.

I see in the future that there will be a collaboration in terms of bitcoin and fiat because they can combine themselves so they will come up with a better product or result. Bitcoin is such a great type of currency and its idea can be adopted by the fiat currency and they will just merge and form a better mode of payment or financial system for the world.

No it will not be the combination od the crypto and fiat in equal colloboration,I think either one of it will replace the most of its rival.I hope that crypto currency will takes place a major part in money system but I don't think it will completely replace fiat which was in practice for too long.

I think paper fiat will stay and the world will also accept and legalized Bitcoin because it is becoming popular and lots of people are already using it some stores are already accepting bitcoin as their payments and found it easy and safe.

Yes that is right that both will work together for a long time. In fact it is not so easy that all the people of the world will quit paper money at all and will start using bitcoin for everything for which they were using fiat currency, i think that it will take decades may be centuries, because still majority of people even do not have any idea about bitcoin and other crypto currencies.

Even if the bitcoin will be popular today and in the future but the fiat is still going in its currency for a longer time and it is hard to eliminate or phase out fiat money because it can be still used in the rural areas of each countries in the world, but if bitcoin will be used as currency , I think we can considered that fiat and bitcoin will go along way as a purpose of currency and medium of exchanges in the future.

I think fiat and cryptocurrency will co-exist because we are not yet ready for an all digital currency since there is a limitation when it comes to accessibility and technology especially in developing countries. It may happen sooner in developed countries since the highest number of cryptocurrency users are from those countries so they might implement the digital currency as their legal tender because it is easier for them to monitor it. As for other countries, they might yet to observed what will happen upon the full blast implementation of it and depending on the results will they implement it on their own country or not.

Very true for corrupt governments, most especially for those in third world countries that have less transparency and oversight over government finances. However, i disagree that cashless and cryptocurrencies would work well with governments unless the coin is developed with smart contracts that automatically charge a "taxation" fee for all transactions. The public nature of blockchains is actually a feature that could deter government money laundering and corruption.

I see fiat that it will be part of the human history. It will happen maybe 200years from now for fiat is use widely all over the world. Millions of fiat transactions happens in just  a moment. So if we some up in every single moment of time fiat travels from one place to another.

Cryptocurrency  is the currency of the future. Payment between entities becomes quicker and easier than ever. I think so

That is the idea that a lot of people have for cryptocurrencies, but in my opinion the governments of many countries will not allow it. All they need is to outlaw cryptocurrency and make it very very hard for people to transact using the major cryptocurrencies. That's why I think that we should be looking for less ambitious projects to utilize blockchain until it becomes commonplace, and then try to replace fiat currency altogether. It will not happen overnight..

it may be the case but what if will the recent KYC requirements and other projects that aim to fully track the payments and the people who own the wallets become successful than we could be in full control.

don't forget that government can trace your exchange cryptocurrency/fiat so you will have to pay taxes. and if you will work with cryptocurrencies only soon or later they will identify you.

Government and Cryptocurrencies are still in debate and I think there  are so much opinions about this now.

Personally, I think crypto concept is great. No third parties, online jobs, credits, benefits, convenience and other things. But with the services it provides, Do you think its fair to give no incentives? No right? We pay fees to the smallest fees that we can afford to make things happen.
I think the government can also provide us with good services. With access to everything, I think this tech will be successful and that is only possible if they will legalize it and help it be accepted through establishmments.

I know that corruption is never a new thing but hey, who said that citizens do not do such things too like benefiting from the government and abusing some of it.
It is just the same. We should not come clean and make the government responsible for everything.


No bias but we should see both sides.

I just think that if we do not help each other, this technology will come to a waste.

The anonymity is what the market in itself portrays with easy movement of funds without being traced to some extent. I do believe if carefully traced to the exchange site where the trade exchange takes place, the trader involved can be located.

I just learned about this and it's quite interesting. Are cryptocurrencies legal in Switzerland? I think they should release to the worldwide news about their decision to support bitcoin or should I say the cryptocurrencies to encourage other governments and countries to do the same thing. 

I personally think and believe existing fiat currencies everywhere won't go away, surely a lot
of tech savvy individuals and visionaries on the field dream and hope that crypto would somehow
replace paper money to make things easier and faster, even reliable to a certain point. But
Governments don't see that way, some nations support the existence and application of Bitcoins
on their economy but not to compete or potentially replace fiat by any means nor any time.
Both exists to fuel businesses and propagate monetary transactions providing people both
solutions and options. Both must coexist to make things a bit wider and convenient.

In my own opinion, government will not be able to control the growth of cryptocurrency and they will not be placing taxes on it, if bitcoins will be manipulated by the government then there is a huge a chance for the price to decrease or die eventually because people will stop using bitcoins by that time.

Government can do anything while you are inside their jurisdictions, I personally thinks that crypto can go along side with Fiat as soon as many end users will make a good statement using crytpo from their everyday transactions, Fiat will still dominate the payment system while Bitcoin will help to lessen the delayed, keeping g the transaction anonymous but a friendly interface that everyone will enjoy.

Fiat will always rule as currency  and bitcoin will emerge as alternative fiat as it will lessen financial transactions which are expensive and slow. Bitcoin's fast and reliability would be an advantage that would keep it an alternative payment for the people and and in the business sector.

This is why most of the governments are already promoting digital payment options. But the question is that whether crypto can compete with other digital payment options.

I think to stop money laundering they really change the currency across the country and declare that the use of digital payments will be appreciated. The results are pretty good and I think its worth to think that the government can control it the way they want it.
That's a good idea about bitcoin and fiat binding but there are some more questions that come up. I mean why would the government choose bitcoin for this purpose and why can not they go and set aside the money itself? So by stating that they will use only a digital form of payment? They can always do that and the same thing happens in a country like India.

Yes, it will  help the government to collect taxes properly. It is strange that why some countries still oppose this.

That is because bitcoin is still very new and it will take a lot of time when bitcoin will become popular throughout the world. Fiat will be remain as the main payment system for a long time, but it is also true that the popularity of bitcoin will continue increasing so rapidly, and people will even like to use bitcoin in their everyday life.

That is impossible to happen. though we already have different crypto currencies around  and they are more known, fiat will never be removed from countries. We need it, and what are you saying is not necessary in this topic because what you said falls into another problem. It only says here thay bitcoin will be dominant over fiat because of what it can do in transactions.

Goverment will never/ever be able to control some peoplr as they wish because somr people fight for freedom and those people sometimes are genius. For example satoshi's bitcoin made transactions anonymous and let people to do illegal things, yes. Others made proxy, vpn, pirate content and a lot.
Bitcoin is more prioritized because of it's chance of rise and opportunity of profit. On another hand monero does it's job along with fiat.

Crypto currency will spread around the world, but its use will not have such a significant global significance, as some believe. It can only partially squeeze ordinary paper money. Full replacement of its crypto currency is possible only in some industrially developed centers with a high level of income of citizens. In most countries, the national paper money will go for a very long time along with the crypto currency. The Crypto currency will not have such a significant value, as many believe. In any case, it will still have to develop and determine its niche in our society for many years, and maybe decades. During this time, there will be various combinations of crypto currency and paper money, as well as other financial assets.

I think that the crypto currency and fiat will be forced to exist together. I do not expect any big changes. Crypto currency will gradually enter into our life, but I do not expect any significant breakthrough in its application. In many respects, the situation will depend on how bitcoin will cope with it this year. The Crypto currency will not be able to replace all the usual paper money, it is still a utopia, moreover, this can never be done by a decentralized crypto currency. At some later stage, it will be possible to make a centralized national currency.

If I sell my car for cash, we still need a contract, so the government will now, how much cash I got. So not the best example, but see your point, they would prefer more transparency for sure, which crypto can not offer.

making digital money as a currency in place of flat money is a good change many positive aspects can be taken even though there is still a weakness in terms of system and supervision but it all needs a long process and every process takes time but for now the role of money flats are still very dominant and banks are still in control of the economy so things we can do now only use flat money and digital side by side so that they can complement each other each deficiency but I am optimistic that time will come where the digital money into one currency and become a controlling economy around the world

Right. I think the government can not control the digital currency but they can totally control the fiat currency. So what I wonder the most is how to explain it. However, they will most likely not pay attention to the small amount and not too big enough to attract attention. In addition, all funds are transferred from one person to another and no one seems to know and can control it.

Bitcoin will stay, and same as fiat, but Bitcoin is not going to replace fiat in anyway😏😏. Fiat is the main currency that we are using and Bitcoin wasn’t made for such purpose, neither were other cryptocurrencies. Bitcoin was just a way to make us stay anonymous and out of the control out of the government especially when making transactions. They have their own purpose of which they were meant for, and you can’t change that.

We pay more and more often with our credit cards, but still, if we want something to be hidden, there is the option to just use cash. Don't see it will change any soon. Also not sure corrupt governments would like that change :D

I think we can really see the relationship between the two worlds build once banks join the game.
The two HAS to co-exist for cryptocurrency to work. I don't think crypto can replace fiat.

That is what I also feel will happen. I am sure government actually knows cryptocurrency has evolved more than they can easily handle and they will be trying everything in their power to regulate it so as to benefit from it, but at the same time without it affecting fiat.

Obviously, we all know there is no way this market will not get a bad name without some lenient regulations at least, but like you said, fiat even as we have it today will still be mostly used, and then we will have more of a co-existence between fiat and crypto.

in my opinion ..  fiat will never be removed from countries. because We need it and also bitcoin will never die for sure.. it will stay same as fiat .. and i believe it has a great future

I agree with you, governments want to have control over everything, and would prefer more transparency. I would not mind it anyways, if cash would dissapear, caused less corruption.

This is the problem some countries are still against Bitcoin and have banned it. This is bad and this needs to be legalized. I hope in future there will be a time when the technology will be accepted and recognized by these countries and this will expand the technology and will enable people to earn easy money. Besides, they will be able to get some other services at low cost which is what all of us need.

This is a good point talking about why governments going against crypto when they can have a piece of cake from us,the only problem is they dont do rightful manner instead pursuing us to comply on their policies thats been harder to attain.

Im calling those countries that clarify their wantings and do specific actions for the betterment of both parties as they wont gain anything if they continue banning this community

The government are only after the awareness of people doing cryptocurrency and that is why local exchange which government allow to operate giving them license to do so in a way that the local exchange must agree on KYC. This is only to avoid and prevent those individuals who are doing illegal activities doing transactions using cryptocurrency. So we have to follow so as for the good of the many.

Bitcoin and fiat combine... it depends because as we all know this is two different system and some government and banks do not accept bitcoin because it might cause their down fall but can use fiat but still if their agree to do so why not because many are still using fiat and it would be hard to abolish it.

I do not think that in future, people will not use fiat. I can guess that in 5-7 years almost everybody will deal with the crypto and traditional money.

Personally, I do not see how Fiat money will work in parallel with bitcoin and alternative cryptocurrencies. The economic side of cryptocurrencies, in a couple of years will show the world its effectiveness.

The state is just not interested in using decentralized crypto currency by people, because it is precisely that it is poorly controlled and, moreover, it has great volatility, which has a bad effect on the economy. Therefore, decentralized crypto currency is able to walk in the state only in parallel with national money.
Paper national money the state has learned to control. In the example specified by you, the purchase and sale of a car is made by notary or authorized bodies, which at the time of making a transaction simultaneously deduct a portion of the money and send it to the tax authorities.

Bitcoin is soaring high to become future currency surpassing the fiat money, but the thing is bitcoin can mainly be used to places where there are abundant supply of power and no interruption of internet access, but for rural areas with no internet access ,fiat money play vital role in finances because bitcoin is only on line, so I see fiat and bitcoin will go through.

the most common misconception
it will be and is MUCH easier to track digital transactions compared to fiat money
cryptocurrencies are PSEUDO anonymous,not anonymous and all of the current developments
aka tightening KYC rules,fighting privacy,new european rules on exchanges and wallets,Japan cracking down on exchanges etc.
https://news.bitcoin.com/japan-penalizes-crypto-exchanges-yakuza-involvement-confirmed/

this is all done to transfer all of your transaction into digital sphere,ousting fiat paper money
making it easier to track,analyse and watch you,switching your life on and off at will,potentially
if you thought Sci-fi fiction about the future societies was just funny stories.think again

I believe that the cash turnover on a global scale will be reduced and go into non-cash settlements, and a certain percentage of payments will be in the crypto currency. Over time, it is possible that each state will have its own crypto currency. But then it will already be controlled by the state.

yes you are right, cryptocurrency might reign even more in the future but fiat will be just in the corner because not every people in the world can manage to earn cryptocurrency so people will be still using fiat in the future.

Governments are already seeing the loopholes and that they will lose some benefits such as those you mentioned,that is why they are trying to control cryptos by the various legislation being made.Eventually,crypto will triumph because people will actually prefer it.

A cashless society might could happened in smaller scale , it's like impossible to get adopted by common people , required a long longtime ... To completely throw away fiat and replaced by Bitcoin or any other crypto . There's a lot of small step running to support crypto usage in our daily life , for example fanchain who have a vision to change the way a sports fan support their favorite teams to get rewarded by this token , ripple that engage conventional banks and many more! All of these pushing the cashless society to happen, yet it's sure cost a very long time.

The world is changing rapidly. There are more and more businesses where employees can choose to get a part or even everything of their salary paid out in Bitcoin. I personally wouldn't go as far as completely accepting Bitcoin as salary, but I am open for a 10% monthly Bitcoin payment. In most cases I buy Bitcoin on a monthly basis already, so it would only make things more convenient for me. It would directly stimulate people to start spending their coins since it's less likely to be considered an investment. I definitely would spend them where possible....

I also think so. I think what governments are trying ti do is to create a system that will make both cryptos and fiat coexist. I'm not sure they will allow crypto to overtake fiat fiat fully, they will allow coexistence so that they can get tax on ot as you said. Also some governments perceive their currency to be the best and so they won't succumb to a new currency to take over.

But most people cannot afford to get paid in Bitcoin, not even 10% They are not traders, they also don't know about the market, getting paid in bitcoin and then watching the price crash is certainly not anyone's pleasure.

In my opinion, BTC will never be able to replace fiat, because now if the BTC is put into the transaction and into daily life, the government will have to invest in technology and human resources to serve. so the cost is quite high.

It's optional, it's not forced upon you. If you think it's not smart to ditch fiat then you simply don't.

To add; no one will just blindly accept getting a chunk of his wage paid in Bitcoin. Those that go for this option know what they do and know what risks they expose themselves to, which is why they only stick to a lower percentage. These people don't have any direct use for that lower percentage and accept that the fluctuations might push the price lower.

The only situation where it's not optional is when you work for services generating revenue solely in crypto, but still, you're not forced to work for any of them.

I see a future that has a lot of scammers and hackers. If the future holds a digital world having a digital money, then the theif will be digital too just to robb some one's money in an easy way.

The war on cash has been ongoing for sometime and you are right governments want to eliminate cash with the excuse of eliminating drug transactions that are made on cash but their real goal is to get tax evaders and to have a greater degree of control over the economy, and they are going to try to do the same with bitcoin with all of their regulations but they do not understand this is never going to work because unlike cash they have no control of bitcoin at all.

Im just saying its something too complicated for the average joe. Also your boss would probably not want to pay you in bitcoins either. Bitcoin is not seen as a currency anymore so we should really focus on that instead of trying to make businesses and people adopt it.

Both fiat and bitcoin will more usable in the future. But it was limited because as what you have said some people cant access bitcoin means that fiat will still remain to them. Actually bitcoin will just be more useful when it comes to transaction from one place to another which is more easier and faster. It is better of you will have these two currency.

If bitcoin continues to develop, then the rights of Fiat will weaken, and the government will start to control bitcoin in terms of taxation.

I am happy with the current status of bitcoin right now and that is we can use the buy at low and sell at high method all the time, in that we are simply investing and gaining even for a little  amount.

Your point with governments trying to control as many money flows as they can is very true. However, bitcoin transactions are not anonymous, rather pseudonymous, and every attempt to convert cryptocurrency to physical goods or money can be traced..

Well it's true that Bitcoin is doing really well in the financial markets and it's popularity among the people is also increasing day by day among the people all over the world because of which it's demand among the people is also increasing tremendously daily. But still I would prefer Fiat currency over bitcoin because firstly, Fiat currency is way more popular than bitcoin and Fiat currency has way more potential users through out the world than bitcoin. Also Fiat currency is way more accepted than bitcoin.

Yes still it is a good time for investment, as the price is still trading too much low, i think that bitcoin is still giving us a good opportunity of making money and we should not waste the time and should investment in right now. Bitcoin is the most popular currency of the world and will be the most popular for long long time.

Governments in many countries are seriously studying and accepting Bitcoin as an online currency, a valuable commodity in the market. The advantages of Bitcoin and Blockchain technology should be applied in the financial management and security of governments, which would be a great thing.

Of course it is still a good time for investment in bitcoin because the price is such a steal deal for people who are looking for this kind of opportunity to get some bitcoin. Bitcoin is such a great investment and it is far way better than choosing other investment since bitcoin is more likely to go up and give more profits than the others.

The real problem here, the future type in this way. Cause I support the right now is a start of the future of our currency, I support the right now is not true if you have the market will bear in this era of cryptocurrency and it will do. Cause I support that bitcoin is a good job of cryptocurrency,

Government would want to get its share of the transactions through taxes or fees and due to the limitations of the bitcoin not being used all the way to purchase goods as there are only selected merchants that accepts it, people have no choice but to convert it to fiat and through this way, government would be able to trace the people who would convert it because more often than not, the platform that would be use for conversion is registered and licensed by the government so they need KYC.

I don't mind anyway paying taxes because it is my responsibility as a citizen but there are times when the taxes are just too much and then it would just go to the pockets of certain individuals because of corruption. It would be better if the system of paying taxes is in blockchain too and the flow of money would be traceable so that we can caught those corrupt people.

Bitcoin and technology. Cause I support the right now is to invest in cryptocurrency that the market is a new cryptocurrency. I believe that this day of cryptocurrency and it is a start, the right now is to give it a new cryptocurrency is to say about the market affect the right

Cause bitcoin are actually has been a great. I believe that bitcoin and technology in this way, the future. Cause bitcoin can be your last name, the future of cryptocurrency. Cause bitcoin is not a good job of cryptocurrency and it will continue. I do a lot to invest in recent months.

Fiat will never leave, because it can be supported by the government. I don't think bitcoin can challenge the authority of Fiat. In the future, if bitcoin is used by more people, it can't replace Fiat.

But if you sell your car for cryptocurrency is it traceable?are you kidding?
Bitcoin is anonymous same as all cryptocurrency so i dont know whre did you get that idea

But i love the idea that governments will gain taxes from us since were gaining good amount here and taxes is just a small part of our profit

Yes, moving to cryptocurrency will ultimately leave a trace of your financials so that the government can watch all financial assets closely. But to be specific, the blockchain technology will be what they are going to use. Most possibly creating their own coins.

My government still against bitcoin because of security reason so it's impossible to see my people using crypto to purchase goods.
But if you compare between those two , they are different and have their own advantage for transaction especially on digital transaction.
Remember, fiat still have CC

The future is indeed bitcoin and fiat that will win.We will be swapping between fiat money and cryptocurrency.This will make life very comfortable but there is high risk of hacking activities that is what is a little disadvantage we will be facing.

Still there will be both bitcoins and cash, without this in any way.  We are all accustomed to cash and can not completely abandon them.

The government will not let bitcoin get the same status as Fiat, and there may be more rules about encryption in the future. With the expansion of the community, the government is bound to strengthen it.

I think most governments will take measures, and now the bitcoin's community is not very big. If the size of the encryption is getting bigger, the government will take tax.

If we compare both, cryptocurrency seems to be much more useful. We are now in the future and if you were talking about internet 20 years ago, you could not convince anyone. In my opinion cash money will be useless after dozens year. Even now, cards are passing cash money. But I can not argue that Crypto is a future's currency. Maybe tomorrow a much more convicing money will be discovered for the future.

The development of Bitcoin and cryptocurrency has led many countries to accept and seriously study it. This is a positive sign that Bitcoin can be widely used and applied in many areas of today's life.

We can really see that in the future because bitcoin is now stepping into more people's lives than before because more people are preferring to work in bitcoin rather than working to a regular job with a 8 hours work time frame. If you will work in cryptocurrency, then you will just spend a few extra time of your day and still expect the same amount or even more amount of income at the end of the month.

,as what we can see as of now that is what they are preferring too, instead of working from regular jobs. It is also much known today compared before which they consider it as fraud by some people. Maybe some people haf their own reasons why they prefer to work in crypto, some will said it is much accessible and cab work anywhere with just using their gadgets as long as they have their internet connection.

Truly, I figure the legislature can not control the digital cash but rather they can absolutely control the fiat money. So what I consider the most is the manner by which to clarify it. In fact, they will in all probability not focus on the little sum and not very sufficiently huge to pull in consideration. Besides, all assets are exchanged starting with one individual then onto the next and nobody appears to know and can control it.

I agree.The government will only take its power once the crypto community have been starting to conquer the whole community.I think the government has been preparing for this to happen knowing that cryptocurrency is already inevitable in the market.Fiat currency is still in demand today by majority since only  few of the countries have legalized the use of bitcoin.

That's true some other transaction of Fiat money is not noticeable by government because this is also directly transact to anyone but, the big difference here is a mode of transaction that processed for a longer period of time. We're as Bitcoin within a minute transaction has been made.

It is impossible for the government to allow such things to happen. They have absolute control over Fiat and the economy of the whole society. I think bitcoin is going to break through a lot of obstacles.

Fiat is inflationary every day, so bitcoin will be welcomed by more people in the future, and the encrypted world will expand rapidly. This will be a trend, but as long as the government has the status of Fiat, it is stable.

I think that bitcoin's role in the economy in the future is probably best described as somewhat of that of gold right now. However, it is much more convenient to transact with bitcoin compared to gold, and there will definitely be a lot more adoption coming in in the future.

Fiat will continue to be issued by the governments around the world as long as they are in power. They may use blockchain technology to issue fiat digitally, but it doesn't change the fact that fiat is still there, and still used by all people.

For me, bitcoin will be sort of a safe haven store of value and an alternative means of transacting anonymously for citizens around the globe who do not want to lose value from holding fiat or do not want to have their purchases tracked by the government. It won't replace fiat, but as you said, will co-exist with fiat.

Firstly, bitcoin cannot be manipulated by the government since it is still going to be decentralized anyway and in a way, I can see a possibility of the financial institutions kicking in when they deem the value is good enough to start accumulating and by then, I believe a lot of things would change.

With respect to paying of taxes, I am sure there would be a way the government will be able to fashion that out with regulation, most especially when it comes to using exchanges. The near future may not have a big changes on how people will be using their momentary systems but after few more decades definitely people will be using less percentage of fiats compared to other systems in-which cryptos will have their own dominance for sure.

I believe that with the development of society and with the needs of people, it is certain that crypto will be able to grow and that we can think of a future for the crypto market.

But first of all we have to face an economic crisis at the present time, you can see that bitcoin prices are constantly decreasing and I think this is the inevitable rule of the market, want to increase must first reduce. That's why I always have confidence in the crypto market.

In this time fiat is very useful because it is the accepted payments but if you go to other countries you need to exchange it in there money. But with bitcoin no need to exchange just fined  the store that they accept it. I think in future it will develop and bitcoin will replace the fiat.

Cryptocurrency is growing more bigger and thats why many banks offering their customer to put their money in cryptocurrency. This will opening government regulation. Banks always see oppotunity to make profits and banks will take advantages on this market.

Bitcoin is such a great type of currency and its idea can be adopted by the fiat currency and they will just merge and form a better mode of payment or financial system for the world.

It's between the two currencies already and this is what i also see in the future. A combination of digital and a printed currency is really a good combination to give people the luxury to choose what they like. People say that crypto will replace printed cash in the future but i don't see it as feasible because not all countries are embracing cryptocurrency.

I look at the future fiat and crypto will be commonly used. but the fiat will not be replaced however, unless there is an instant and offline payment method. if crypto allowed in daily transactions all transactions must be in government management. do not expect crypto to be anonymous.

i think bitcoin will be a complement as a means of payment. and it seems unlikely that btc will replace the fiat currency. therefore the government should have the right policies for both

Wow is it really true because this is amazing and higher success for all of us, now all over the world bitcoin is famous and they are investing so I think after the banking acceptance and regulation of bitcoin the future is not so far when almost everyone will buy only bitcoin and will take good advantages of bitcoin online payments with bitcoin, so bitcoin is gona replace fiat in future as now government are trying to legalize bitcoin.

There is no doubt that the function of Fiat will be weakened in the future. People will be more aware of the importance of bitcoin, and the government will accept the change, but it can not be unrestricted to let the development of bitcoin.

Bitcoins can help solve many problems and are of course used in illegal ways. I think the government may use the illegal use of bitcoin to limit the development of the bitcoin community.

I believe that the crypto currency will be used a lot in the future, because today in the world there are many people who earn a small salary, and if they know only about bitkoynah, then they switch to it

There has been an ongoing war on cash for some time with the excuse that it allows criminals to get away with their crimes when it is obvious that what the governments want is to have more control but if they make cash disappear bitcoin will take its place and they will have even greater problems controlling their population, so it is possible that the war on cash slows down a little until they figure out what to do.

Everyone in this field has his own understanding and own concept but not every time you will be better at your opinion and descion that you want in the field of the cryptocurrency .
Here what I think , that , it is common that flow of the money is keeping from our country to another and vice versa , and with this we have no trick to stop easily , for this government should make his own cryptourrency and then make Investment from outside the world and in this way they will be able to make flow of more amount of Money from another country to own as a form of tax .
And also every government should legalise bitcoin to use with better rules and regulations and with suitable amount of tax .
But in actual not happening this thing , few are banned and few legalised and few are between of these conditions .

I think that btc and fiat are the best , i agree with you because really this is the best variant of our future, i can see it like this as well. i m sure that btc is the one that is worth attention and it will definitely be used equally soon

Fiat will remain because of the currency created by the government, bitcoin will be difficult to replace the fiat with the reason of the rules policy in a country.

I think bitcoin is very difficult to challenge the status of Fiat, because these countries make the currency has the right to support the state, as long as the national power exists Fiat will always be strong.

Fiat money or paper money will stay in the future maybe bitcoins will also be use by others in their transactions but with those people who are not familiar with cryptocurrency i think they prefer fiat money specially in developing countries.

Well for me i see future in crypto currency- since Bitcoin is one of it, then Bitcoin also is the future. So that is why it is very wise to invest in crypto now while they are still cheap.

But not many government support bitcoin though? And correct me if i'm wrong, but don't people say that we can't track bitcoin transaction? Because once it's moved to another place, we can't really trace or know where our bitcoin is now.
Fiat is already used for a long time, and of course it'll nearly impossible if we want to be able to watch control and track everything in this world. But i bet fiat is doing just fine and no need for government to change that. Maybe just change and rework things they want to happen as they planned.

The world is constantly evolving towards positive and useful things will be used and promoted so I think if Bitcoin or another coin in the cryptocurrency market becomes the global currency of the world is very Happens. I hope that the cryptocurrency market will have a strong position in the world.

Actualy there is a big connection of bitcoin and the fiat money into the future,because at the same time they are both usable as a tradeable currency in the market,but due  to decentralised and anonymously the government aims to control it by making it regulated in order to gain an income tax and control the money laundering or some illegal activities,even though this legalization of digital system is hard to achieve now,because every country have a different vision about this cryptocurrency investment.

Bitcoin will not be inflationary, even more valuable in the future, which is why I like Bitcoin,

Even that things happen in the future the possibilities of being adopted till in question or doubts, most of the countries around still not fully aware about how crypto works, they still treating this as scam since the value keeps on fluctuating and the end users mostly use it for investment and not a currency itself, fiat will still be used by majority and bitcoin as a alternatives when more people embrace this innovations and adopt new technology.

We need to wait and to update ourselves on the possible changes and improvement on the system of bitcoin and cryptocurrencies on the future. Support and continue to used bitcoin for us to hold a greater future with bitcoin and to make a better chance to be successful.

To know that Bitcoin cannot be controlled by any country or individual, and that Fiat can be controlled by the state, this is a completely different concept, so we should think of Bitcoin as an investment.

Absolutely right. Fiat will always exist. At least because in the society there will always be groups of people who do not want or will not be able to switch to using crypto currency. Crypto currency and ordinary paper money can only walk in parallel with each other.

Many benefits can gain for government if government use cryptocurrency and blockchain technology. If government implementing blockchain and cryptocurrency, they can trace crypto transaction and able to preventing illegal transaction.
Government can collect more taxes easily and peoples hard to avoid from tax obligation

Bitcoin and fiat soon work together for better future but we can't deny the fact that digital money keeps on developing everyday and that makes this currency great than fiat.

But the question is,cryptocurrency is decentralized so how can government able to control the monetary then?anonymity of the people here is one concept thats why this might not happen

But i love your thoughts here because thats true about fiats is more untraceable than cryptocurrency

In the near future, paper money will be replaced. It will quickly supplant them as a means of payment. Possible candidate for this place is bitcoin or another crypto currency.

As time goes on, I am sure even government will definitely come up with their own cryptocurrency since they are willing and ready to accept blockchain technology as the future rather than completely accept decentralization or cryptocurrencies.
Nevertheless, I am quite certain there is nothing the government can do to eliminate bitcoin or cryptocurrency space at large, which certainly comes with the possibility of the two going hand in hand as time goes on.

Exactly what i would of said very on point!

We must leave crypt and fiat.  Need some quick replacement and Fiat just fit.

Yeah, and this is why some government are against on cryptocurrency, not because they can never corrupt on a cashless society but they can't work well if the taxation will fade, and soon the government will lose its authority on monetary system because of decentralization. We cannot replace fiat currency to digital currency, its quite impossible to talk about this right now.

Bitcoin has more advantages in the future, there is no doubt about it.

Bitcoin could not challenge Fiat, and no country would give up its fiat to support Bitcoin, which would be a foolish government.

The ownership of your property changes due to the transaction. We deal with bitcoin. Bitcoin transactions are increasing day by day As a result, the ownership of our properties is also changing.

Selling a car for cash may not be the best example, as we need all kind of registrations too, together with the contract. However it is true, governments prefer more transparency.

I hope that in the future Bitcoin and Fiat can jointly take over the world, there are many advantages that we all know, we need Bitcoin of course also inseparable from Fiat.

Bitcoin transaction is not traceable as well by the government, have you seen a block chain who does the monitoring? So far no, as for the transaction between people it is not an issue because selling a single car, wherein you do it just once or twice between many years is not considered as business but when you sell cars that's another issue

yes it is possible, supported by technological advances and lifestyles of today's tech-savvy people and depend on gadjet I do not think it will be difficult to realize, but the problem is the government can not fully accept the existence of btc so it is difficult for us to get support facilities, as in fulfilling the needs of life, currently only a few shops that transact using btc directly mostly though we have btc we have to exchange first to the new flat currency we can use as a means of transaction and it is quite inconvenient

According to my opinion Bitcoin have bright future as compare to fiat because we all using fiat since centuries and now new generation wants to change and the Bitcoin is best option to use as medium of exchange.Bitcoin is smart and secure way of payments overall the globe.This is the major reason Bitcoin deserve to be global currency.

bitcoin and centralized cryptocurrencies we will see from governments to be more realistic we will see coins like ripple and bitcoin governments try to divert from bitcoin

Fiat is more stable, which is necessary in business activities, and Bitcoin can only be used as a speculative commodity for the time being.

You are right, governments love control, and cryptocurrencies take it out of their hand. Could live without cash however.

There is no doubt that banks are abusing the access they got to that information, but bitcoin is not that much better since every single transaction ever made is right there in the blockchain for everyone to see, that is why if you want to hide what you are doing you need to use cash or anonymity coins and that is why the governments are trying to destroy cash and crypto in general.

Fiat is more stable, which is necessary in business activities, and Bitcoin can only be used as a speculative commodity for the time being.

fiat currencies and crypto currencies can indeed run simultaneously because for now in a country that has not received bitcoin as a payment system, bitcoin holders still need fiat currency to be converted into local currency

At this rate crypto currency are still in development and the future of it have a significant increasing rather than fiat currency. We know crypto currency are future that can make a growth for the global economic still need a time for taking that into fully accepted

I like to use credit card, and could get used to live without cash easily :) But most governments are corrupt, I think they would miss cash.

Bitcoin is a digital cryptocurrency. Its issuance and transfer are decentralized and are not controlled by one person or an organization, but the entire bitcoin system works perfectly. So everyone trusts Bitcoin, and it won’t be bad.

Governments in some countries have decided that the risks of virtual currency are too large for the benefits it can provide.
China has banned the bitcoin deal completely in 2017, after which the South Korean government has also announced plans to ban similar transactions. This is a very influential decision because Korea contributes more than 20% of the worldwide bitcoin trade and is the world's third-largest virtual currency market, behind Japan and the United States.
Despite such difficulties, virtual money is likely to become an important tool, especially as blockchain technology is growing stronger. The CME recently announced that it will begin trading in future bitcoin contracts to limit the price volatility of bitcoin.

I think that fiat (paper money) will coexist with the cryptocurrencies. There will be still many people that will never understand the crypto, expecially from poor counties.

An interesting point of view. To consider that the decentralized crypto currency is more monitored from the financial point of view by the state than cash. It can not be like this. The main reason why different countries do not want to legalize the crypto currency is precisely the impossibility of controlling cash flows, including controlling the financial side of their citizens' activities.

Bitcoin is not a commodity - it is an object of investment, so its value is not stable, with its help they receive a considerable income.

It is too early to say any such thing as things keep on changing with time and that it cannot happen that we will be able to see fiat leading the world for the whole of the time. The way these crypto currencies are making such a great impact amongst the people gives us enough hope that these crypto currencies are having a strong potential to lead the world and that they will surely do that one day.

But I think that the balance of currency and BTC is unlikely. Please note that the government and tax authorities will exercise full control.

The cryptocurrencies can only lead the economic side of the world and not the world as in overall because most of the cryptocurrencies are decentralized and it doesn't mean that it can lead the world because how can a team of developers or the team behind the coin can lead the world, it will just become a help for the world to be better but not totally lead it.

Yes, I also recognise that as the most logic and the most possible option how their cryptocurrency will be developing in the future, because replacing the existing system is an utopia for now.

Yes, you are absolutely right that non-cash money is fully controlled by the government. In addition, the State does not need to print a lot of money when the Society is completely immersed in debts and loans to banks. In a crypto society, there will be a slightly different system of economy that will not allow society to become poor. Example you Decenturion

in the coming future, we will see more centralized cryptocurrency like Iran government is launching their own coin and Venezuela  also creating

Bitcoin will not be able to replace Fiat system. Bitcoin can only change the digital economy or the economy of non-cash payments. All non-cash transactions with currency, can all go to the crypto-currency economy.

The instability of bitcoin is there because the market cap of bitcoin is still very low compared to all the money in the world, but as bitcoin becomes bigger then its volatility is slowly reducing as well, once bitcoin reaches full maturity its price movements should be a lot more similar to the movements of fiat currencies, it is going to take some time for that to happen but I am convinced we will see that behavior from bitcoin some day.

Crypto currency will never replace fiat, as if someone did not want it. States can not allow the transition to the use of any money that will not be tightly tied to their economy. This is the law of the functioning of money. Without such a binding, the economy of the state will collapse at once. Crypto currency can go in the state only in parallel with the national money of the state.

Bitcoin is sure here to cause and initiate the real cashless policy advocated globally, sure we will still have fiat in all countries, but I foresee a state where fiat will complement the existence of  BTC and Altcoin, as transaction can be wit ease using Bitcoin compare to fiat

     If government control bitcoin and other decentralized digital assets we cannot trade anonymously because government can trace now your funds and wealth. They will regulate digital currency and make some rules that we need to follow. Like un fiat money,government does not allow everyone to hold a big amount of money just in their house,they need to put in into a bank in where they can trace how much wealth do you owned. If you will not obey government rules then they will accuse you and put some legal punishment. That's why much better to have a decentralized digital currency which free from government andbno single authority controlled it.

Yes you are nor far from right because the change is fast approaching all over the world at a threatening speed,soon the whole world will come to the knowledge of cryptocurrency due to ease of use ,fast and convenience. This will put cryptocurrency in the forefront of all financial transactions worldwide.

My friends and I have become more and more fond of bitcoin, because in my country fiat is depreciating every day, and constant inflation will make people hold it as little as possible in the future.

Bitcoin is the future currency that I believe in.

But not for now. Because now people are still easier to use fiat currency. However, for the future, bitcoin can be compared to paper money, especially for large and inter-country transactions because it is easier, faster, and more convenient. If I see the future of bitcoin as more ideal as an investment, because the amount of bitcoin has a maximum limit if the amount has reached the limit, the bitcoin price is predicted to be high and stable. This is only a prediction, the time that will answer.

yes of course I can see the future of bitcoin and fiat, they will compete tightly and the current fiat conditions if used for transactions are not too safe and comfortable so in the future I believe bitcoin and other digital currencies can be one of the best solutions .

Fiat currencies is what we currently used,and most commonly used,it will never loss even if cryptocurrency exist..because more people think that fiat currencies were most likely an easy and accessible to used.Government would make way to control cryptocurrency in the near future so lets open mind for any possibilities.

I think each government of each country has different responses on crypto, it hasn't ensured that it will indeed happen, it will be different. Unless there may be mutual consent from all countries that intend to accept crypto, it may be more inclined to a more positive side to advance the country and its citizens to prosperity and more modern.

It is good to have a mind set that appreciates the ownership of Bitcoin and earning by investing in it. But the future will not be all about Bitcoin and non about fiat. It will rather be a mix of both because of the unavailability of the facilities to use Bitcoin. Besides, many countries might not recognize crypto for their own good for their economies are not so much developed observing a shift from fiat system to cryptocurrency will be a big change for them which sometimes become difficult to counter.

But even so the government still wants to know who is the sender and recipient when there is a cashless transaction such as that done in a bank, while the nature of the cryptocurrency is anonymous. So there are lots of exchange and blockchain projects that require KYC to be subject to government oversight of suspicion of abuse of cryptocurrencies.

The future would be a mixture of both Bitcoin and fiat I think. None of the systems can replace each others completely and this is because a big part of the world might be using Bitcoin in future, yet some portion will still use fiat as there medium of exchange. Besides, the government even if recognizes Bitcoin will implement regulations on the use of Bitcoin and this will reduce the demand for Bitcoin to some extent so both fiat and cryptocurrency will survive.

maybe bitcoin and fiat can work together in one country and will cooperate to grows the economy of the country. and the citizen can get a new era of finding a new source of income so they can get more money. there are many possibilities for bitcoin to be applied in our daily life and bitcoin can help us to make a better life in the future but of course, to reach this, we need the governments to help for accepting bitcoin and other coins.

This is very true. I have always been skeptical about a Bitcoin only future. To me, this is just fantasy. And many people seem to have subscribed to it these days. There are many problems with such thinking. Some have also said that there is no room whatsoever for Bitcoin in the future. But it is not news that many countries have been canvassing for a cashless society. This even came up before the introduction of digital currency. So, digital currencies actually further this cause for the government.

Individual transaction is hard to trace. But if trade on merchant, even using bitcoin, I am believe government can collect taxes and trace it. Government must be have good infrastructure to trace every digital transaction including bitcoin. What merchant need to accepting bitcoin as currency is government regulation

Right now one of the main problems and obstacles in the way of bitcoin to become a national currency is that you can obtain bitcoin only by buying it for the local currency as Dollar or whatever else.

No you are wrong, you can obtain bitcoins by just working on icos and you can earn cryptocurrency or altcoins at the end of the campaign since the reward is also decent enough to sustain your daily needs.

I agree even if you use bitcoin or any other cryptocurrency, it becomes complex when you sell or buy goods, difficult for the government to track transactions on cryptocurrency and control our money, because this is a digital era that is difficult to trace.

The best way will be the existence of crypto and Fiat together. However, crypto community don't like Fiat and people not involved in the cryotospace don't like cryptos.
So the situation is kinda hard to make them work together.

I think they can coexist together if each country comes up with its own cryptocurrency

I believe that bitcoin can change digital money and all non-cash payments. And cash will remain, people are very accustomed to them, without them the world will be different. People aren't ready yet.

whatever happens as safe as any existing system, if someone wants to cheat or seek profit in a bad way there always be fraud

Unless you state on the transfer paper that you gave the car and didn't sold it. It could be possible. Otherwise the government will still be able to track down your transaction.

If you think that all the countries will sit around a table and discuss the matter of whether accepting bitcoin or not, it is not possible. Many countries like United States, Australia and Canada have accepted Bitcoin have accepted bitcoin. I believe that all the developed countries understand the importance of bitcoin and with the passage of time, it will be legalized worldwide.

I think in the future it will be such that Fiat and cryptocurrency will coexist together, because it is an interesting technology

I believe also that both will coexist together but they will be used for different things
and will perform as now differently. FIAT has borders, bitcoin doesnt, FIAT is rraceable
bitcoin isnt.

I believe the desire to control the movement and monitor transactions is natural, it is a way to protect their interests in the field of protection of citizens

I think in the future this bitcoin and fiat will be able to work together and maybe bitcoin can be used for fait transactions and fiat can also be used for cryptocurrency transactions because in my opinion there is nothing impossible on cryptocurrency, all possibilities can occur on cryptocurrency .

Bitcoin and fiat combine... it depends because as we all know this is two different system and some government and banks do not accept bitcoin because it might cause their down fall but can use fiat but still if their agree to do so why not because many are still using fiat and it would be hard to abolish it. ;D ;D

This is something that many do not seem to see, it is true that the volatility of bitcoin is big and it can be a disadvantage but there is fiat that is behaving way worse than bitcoin, at least bitcoin goes up from time to time and it gives you profits but when it comes to fiat it only gives you losses, and there are many countries that have lost control of their economy because they printed too much of it and people are using bitcoin to protect themselves from that.

Yeah, it same with the use of crypto anarchy in the deep web earlier time. We want decentralized, transparent and tax free currency.

I also agree that bitcoin and the fiat currency will exist in parallel. It is impossible to completely get rid of ordinary paper money. And also it's very difficult to provide all people with the conditions necessary for using cryptocurrencies. It's not only a computer, a smartphone and the Internet but also elementary electricity which in our progressive time unfortunately not everyone has.

No, I do not agree with your point of view. Crypto currency is not more traceable to the state than cash. Just the opposite. Even in your example with buying a car, not quite right. If you buy a car for cash, you reissue the ownership of it in the appropriate state or other government-authorized bodies and you are taxed for its purchase. This is all traced. Still, the crypto currency is more anonymous and confidential.

Digital currency is quit not easy to trace by government more reason why  government globally refuse to accept Bitcoin and other Altcoin as they do not have control on the transaction and regulation in the space.

This review's quite interesting, enough to open my mind and eyes. Its true, cash's actually more difficult to track than digital currency. I think this thing too which's the main reason for the government to reject bitcoin because it's so easy to track. So that makes them worried if their bad actions such as corruption and money laundering they do will be known to the public easily.

That's a good idea about bitcoin and fiat binding but there are some more questions that come up. I mean why would the government choose bitcoin for this purpose and why can not they go and set aside the money itself?

The fiat was built together with the history that passes through generations that's why it cannot be abolished.
 The Cryptocurrency was built with cryptographic protocols that make transactions secure and difficult to fake.

-Fiat nowadays can be faked, can be traced through serial numbers and can be steal by money laundering and other illegal transactions.
-While cryptocurrency is a devoid of a central currency. It can be wiped out due to unexpected events like, strong weather disturbsnce and terrorism, crashing of computers and hacking of the system.
But still they can coexist to each other.

well, that's why the development is still being done. Hopefully someday, the government will utilize bitcoin for a country's economic development. well, but at the moment I think bitcoin and fiat still overlap, in the fiat position it's still much more needed than bitcoin.

I have mentioned this in similar threads, and most of my replies pertain to a future where cryptocurrencies and fiat will be able to somehow co-exist in the currency playing field instead of having one, usually cryptocurrency, eating the other one out until it dies. I say that because fiat, especially the strong and more established ones, would not be that easy to kill, and so, it would be better and healthier for the market to actually have more assets to choose from and competing because having healthy competition gives vibrancy the business sectors always need.

As long as you are trading through a bank or using cash, you can be tracked by the government. If it's a safe transaction, no problem. But if what you do is illegal transactions like money laundering or drugs, you will get into trouble. Therefore, transactions using bitcoin are suspected of being illegal, because they are anonymous and peer to peer. The dark side of bitcoin is the problem why many countries still prohibit as a means of payment.

There is truth in something, but do not forget that governments always want to get more money and therefore they want to control the cryptocurrency for their benefit, and first of all they are imposing taxes on it. What about the fiat, I believe that it will not go away for a long time, because people already long time use fiat and refuse to get the fiat money is not going until the government orders or makes an official announcement.

That's a good idea about bitcoin and fiat binding but there are some more questions that come up. I mean why would the government choose bitcoin for this purpose and why can not they go and set aside the money itself? So by stating that they will use only a digital form of payment?

That is what most of us are longing for. And hopefully there will be clear transparency. Tax exemptions and taxes must be accurate. There must be more civilized times to exist.

Bitcoin will emerge as alternative fiat as it will lessen financial transactions which are expensive and slow. Bitcoin's fast and reliability would be an advantage that would keep it an alternative payment for the people and and in the business sector.

because of this anonymously trading this feature makes digital currency the perfect tool for criminal transactions. Just like drug dealers and other unscrupulous individuals use cash to avoid detection, transactions made with Bitcoin and others like it are virtually untraceable. This could be a reason for some governments to declare Bitcoin transactions illegal in their countries.

This I do not agree. In my point of view, the government will know what your assets and liabilities which you are bound to pay taxes. Even when you sell your car, the money you get from that sold car is taxable because it's your ownership.

Well in my opinion it will take time before the world accept cashless society, there are still people who stillchoose to use bank and fiat than those of digital but then we all know that htere is always advantage using digital money but I think its case to case basis and it depends on the people and time.

I think the one who will benefit the most in the future is cryptocurrency like bitcoin, because the current condition of bitcoin has a very limited total supply and the increasing number of years the price of bitcoin will also be very expensive so you can get a profit.

Got some point. I cannot also see the future of cryptocurrency being just a market for investment. It has a huge potential in which it will not suite being investment rather it will be okay if it will be a currency. But still if it happens then the measurement of the value of the bitcoin will vary of the fiat.

That time might not even come. The disadvantage for going cashless far outweighs the merits we can gain from it. One reason being, poverty, which restricts many people from ever understanding how this technology works because of the lack in resources.

it's hard to predict whether bitcoin will replace fiat money. we know that there are always obstacles when bitcoin wants to pursue its mission. although the limited amount of bitcoin will not run out. Fiat currency has been trusted by the government as a legal payment and transaction system.

For me it's not hard to predict, simple answer is as of now bitcoin cannot still replace fiat currencies, not now and not in the coming years. Maybe it might happen in the future but only few chance to succeed I guess.

Bitcoin like digital currency and fiat like physical currency both are equally important for world economy. Bitcoin are decentralised currency which provide many benefits in comparison to fiat currency. But bitcoin is not a global currency and it cannot assess in the place where Internet and electricity is not present . Bitcoin is a not a interactive currency many people still doesn't know how to use it so in those situations fiat currency are very much useful. In many place cryptocurrency like bitcoin is not directly used, in order to use it have to convert into fiat currency. The future economy will be good if both Bitcoin and fiat currency work side by side.

People right now wants to have faster transactions and that is the reason why they want to implement a digital society as well as the people who are working in the corporate world.

To understand that Bitcoin can not be managed via any u . s . or person, and that Fiat can be controlled through the country, this is a totally exclusive idea, so we must consider Bitcoin as an investment.

Absolutely right, cryptocurrency should be more than just an investment, for example, it can actually be used for something else. That is what makes it the opposite of real money and also the value that keeps changing as well as one of the factors.

That is actually more like what it would be in the long run. The thing about adoption is that not everyone will have access or the infrastructure to make use of bitcoin due to some limitations or the other, or by choice. As long as this is a concern worldwide, fiat will still remain in play and we will end up having more like a segregation of money in which some will go digital and some will remain traditional.

I agree with you . Many people expect that soon the Fiat will disappear, and some will generally predict a single currency around the world - bitcoin. It's so stupid that it's even funny.

Even if that is what they want it is not going to be easy for them to get it, how are they going to force the bitcoin holders to pay their taxes when they cannot control the network? That is the biggest issue that they have, they want to extract resources from all the people that are investing in this market and they are finding that is going to be impossible for them to do so.

Yes, sure - there will be no need to refuse from fiat if the cryptocurrency is used everywhere globally. The traditional money will be never eliminated, and all can use it together with Bitcoin and other cryptos.

In my oipinion bitcoin and fiat  can be use at the same time because we all know that there are places  who even dont know about crypto  and only  fiat money  is the only way for them  to use to buy things.  Maybe after a years crypto will be recognize by many but maybe fiat money will be remain.

Yeah it is true and it is good as well because for me cashless society is not so far we can get anything using bitcoin, we can invest our money but we can use it to buy goods, fiat is not now being use more than bitcoin, people have good currency which can get them anything they want in life, so better if we move with time and use bitcoin more than fiat as future currency is gonna be one and only bitcoin.

In the way you think, authoritarian countries won't have any cryptocurrency that could be used eligible?
Government won't allow us (citizens) to use cryptocurrency, to buy smth in supermarket and pay crypto for that. There will be a very huge war between government, or we should change todays government (usually 50+y.o. people that will never understand cryptocurrency) to young generation.

Crypto is more open to the public than fiat which is difficult to see the ownership and amount of each person. With this in fact the government has been helped by crypto openness starting from the tax side to be paid, the flow of funds in the crypro and many more benefits

Bitcoin does not solve the problem of allowing central banks from manipulating currency. If a central bank had a large enough position in bitcoin they could use market pressure to control the price. And then they could use pressure on bitcoin developers to set up the rules for the blockchain in their favor.

Hard for bitcoin become fiat. Bitcoin is decentralized system and government must be prefer using their own currency because government can not control bitcoin supply. Fiat or paper money not always strong because purchasing power always decrease because inflation

If we truly want mass adoption for Bitcoin, we have to wait for about 20 years. Why? Because of old people who have money stored in fiat all over the world.

Let's stop talking about better technology, anonymity, security and all other things. The majority of people in the world don't even care how Visa or Mastercard work. Let's talk about usefulness and trustfulness.

Older people would hardly accept cryptocurrencies as payment because they got used to cash and fiat digital currencies. Nowadays the majority of people over 60 y.o. in the world have big problems with using Paypal, banking cards and other things for payment in everyday life especially online. They are fine to withdraw cash at ATM or to pay at the retailers' terminals but they are hardly using cards online.

They stored their pension savings, they don't care much about technology, they have problems with using tech and they would never convert their life savings to some hard to understand Bitcoin. Let me remind you that those people are the ones who have money. Young people care about tech but they don't have money.

So the situation we have now looked this way: Bitcoin is adopted by a younger generation who don't have money on the one side and the older generation who don't care about tech but have money on the other side.

Thus, if we are talking about real mass adoption, we have to wait for about 20 years while older people naturally pass away and the current young generation will generate enough position to use Bitcoin.

That's just an idea to be discussed.

The future will catch up with fiat currency when people will appreciate digital currency such as bitcoin more than the fiat currency we have around. I believe digital currency and fiat currency can coexist in any economy in the world.

I think the government has been preparing for this to happen knowing that cryptocurrency is already inevitable in the market.Fiat currency is still in demand today by majority since only  few of the countries have legalized the use of bitcoin.

The price is such a steal deal for people who are looking for this kind of opportunity to get some bitcoin. Bitcoin is such a great investment and it is far way better than choosing other investment since bitcoin is more likely to go up and give more profits than the others.

To build trust Bitcoin needs to stop being so volatile, but how can it be done if it is volatile specifically because people en masse don't trust it? I'm not speaking of the forum members obviously and our likes, I mean people who are not interested in cryptocurrencies just for the crypto aspect of it. I beforehand agree with what you are going to say, that trusting fiat (instead of Bitcoin) is a mistake, a big mistake at that. It is a mistake but try to explain that thing to all these people who honestly believe what their governments are telling them. But without these people wholeheartedly accepting Bitcoin (instead of fiat), the future for it looks pretty grim

It will remain a vehicle for speculation and a tool for shady Internet payments

I think that something like a war against cryptocurrencies is going to happen but governments are going to lose and the reason is simple, how are they going to regulate a market that was designed specifically to avoid regulation? How are they going to avoid that people use it when they have no control over it? When it comes to their fiat they have complete control and so you have to comply but when it comes to bitcoin they cannot control the network.

When Bitcoin and the cryptocurrency market decline, people can say anything about it without thinking. I believe that this market will grow strongly and not stop here, investors should have their own judgment to have the most appropriate investment direction.

In the next decade digital currencies are increasingly being used for transactions and investments. However, replacing fiat money is clearly not possible, because for digital currency applications, fast and stable internet technology is needed. Until now not all countries have that technology. As an alternative, bitcoin payments provide added value that benefits all parties because it is faster and cheaper.

I think bitcoin and fiat in the real world will collide with each other. I think, people will be more interested in using bitcoin than Fiat. however, on the internet, with a system from bitcoin, of course the value of a fiat can increase.

I think the future would be stable prices which are not influenced too greatly by external factors (news etc.). Maybe something like gold prices which move over the long term to combat inflation yet be a safe source to store money.

For now i see crypto and fiat go together as technology also improves, but later on in future (though i don’t know how many years) I think it will only be digital currency no more fiat. Cryptocurrencies not bitcoin only.

That is right, we have a great future of both fiat and crypto especially the Bitcoin which are great though the value of Bitcoin is more than that of fiat but we are observing the existence of both fiat and Bitcoin in many countries especially in European countries. Fiat help us out which is not hidden from us while the Bitcoin has shown its greatness in this short time.

Bitcoin will be a good substitute in payments terms especially if cash weren't available on us in a specific time. Its good to see that bitcoin is being know by many establishments now that it gains many uses at all.

Good idea!
I think the Fiat system is beneficial to the government. She can write these debt papers (wrappers) as much as she wants. Let them into circulation, and cashless way to pick them up. Thus it turns out the cycle of money. Money laundering definitely occurs in non-cash and digital form, there is no doubt about it.

This is what my stand also that bitcoin and all cryptocurrency together with fiats will serve the whole world in terms of financial and transactions.

Bitcoin can’t support the whole universe because of its limited access that needs internet.while the fiat will act even without this but slower since it is physical so if they work togethr everything will become better and good

Maybe there is bitcoin in the future and at the same time there is also some.other crypto in the future. As we all know that there are many good crypto too in the market so we shoulf consider those crypto in fact they are already claiming that they will going tp surpass bitcoin when it comes to market price movement or coinmarket cap volume. Yet there is no crypto for now that has the capability of doing it.

Since that is what's currently happening, we can say that there is a large percentage that it would be what the future look like. We need to wait first and see if fiat will stick with bitcoin and bitcoin with fiat. Maybe someday bitcoin will dominate fiat and replace but it would take up a long time for sure before that thing happens.

When the market goes down people get very negative about the market and there are several reasons for this, one is that bitcoin moves down very rapidly if you see the traditional markets you will see that they do not move at the speed at which bitcoin moves, and the second reason is that many people that are investing in this market do not really have any kind of knowledge about trading, investing or the economy so they do not know what they're talking about.

I also think that bitcoin and fiat must exist together.

It will be two currencies that will complement each other.

I think that fiat and crypto can and will exist together. They are both very important to our economics and to financial health of people. I don't understand why people want fiat to die.

Bitcoin and some other crypto are outperforming fiat but to be completely replace it is very difficult. I believe that in the future the world will accept it more easily than it is now when the cryptocurrency market is overwhelmed.

Bitcoins will be always part of our life since there are a lot of people today who are interested on investing in it and fiat will be still here and wont be remove because not everyone is capable of earning cryptocurrency.

For now cryptocurrency  really trend all over the world, but still Fiat is much more prevailing than crypto. Which means, Fiat will exist as long as the government declare it as a useful thing to all citizens in the entire world. Even, though some are saying that Bitcoin could possibly has a potentials to become a world currency, but still just speculation at the moment.

This is what I see in the near future both btc and fiat would be on top and existing. People will still love to use fiat for the reason's some cannot adopt this blockchain technology. We cannot force others to use btc so btc and fiat would still exists.

It has a great for future, it seem as the way to be better for our next generation. It can helps the, financially, people should see the advatages and huge potential of crypto currency. It can be an alternative way to earn living.

The technology is growing faster and that is the reason currencies are going from cash to digital since most of the people wants to have faster transactions rather than the casual transaction like using a physical cash.

That is a very pessimistic view of the government albeit accurate to a point. I think it's more like the banks themselves are putting pressure on the government or the government themselves have a vested interest in keeping crypto currency as unstable as possible. Lastly, fiat will stay longer than we want it to be since it's not possible right now to have a sole crypto currency world.

I look for the future in a few decades bitcoin might be equated with fiat money, the difference is that fiat money is physical while bitcoin has no physical. The function is the same, namely as a payment instrument. People are given a choice, can use bitcoin or with fiat money for payment. If that happens, I prefer to use bitcoin.

governments aim to control our money it will leave a big opening for bitcoin and other decentralized cryptos to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure. by that, they will tax Bitcoin easier, Transactions valued at $ 600 or more will be taxed as a regular asset. These transactions include Bitcoin payments, Bitcoin investment income and Bitcoin revenue generated from the computer. If you pay employees by Bitcoin, the company will also have to pay federal income tax on this amount.

I think fiat can stay longer like you said, as long as fiat still available on all country and people still use fiat to buy something. the crypto especially bitcoin will stay with us too and I think the crypto can help us to solve the problem about financial. I hope that in the future, bitcoin and fiat can work together and can help people to make a better life.

Everyone knows it that fiat is connected with us as we are living under government which provides us a comfortable life. This life is now more comfortable with the crypto currencies especially with the Bitcoin which make things friction-less. These two are making life easy and we need both in different occasions or you can say occasional need requires these two.

Not the currencies but the types of money. Fiat will be used wider but with the crypto you will earn more traditional dollars or Euros. Thus, they will live together.

In fact, not everything is as simple as it seems at first glance. Only transactions between citizens can remain secret from the state. However, the purchase, exchange and sale of crypto-currency in other cases may be known to the state and then it through the crypto-currency will be able to control the financial activity of citizens. Under these operations, the state will force people to leave their data and our anonymity will practically disappear.

Government will never respect your privacy when the need something. The simple reason why bitcoin and fiat will not have that friendly relationship is as a result of privacy and control which government is known for. we need ICOs to begin to get practical enough to address challenge gaps rather than struggling to get to exchange. What mfchain is doing is a good one. We will soon witness crypto being used as currency rather than hodling for profit. 

But that will only happen if you use centralized exchanges, at some point decentralized exchanges are going to become a reality and are going to allow us to exchange our coins, that way you will avoid that possibility that you are bringing and then when the adoption of bitcoin finally happens and people begin to sell products directly for bitcoin any regulation is going to be ineffective.

I look more at bitcoin as the future of the world economy, because bitcoin is a transaction that uses blockchain technology to make it easier for users to transact anywhere and anytime without the amount, distance and time limit and incurred excessive transaction costs even close to zero ( 0) aka free, besides that in terms of security it is also very maximal and the transaction is transparent so that it can be seen by anyone of course this will prevent acts of corruption

Digital money different with bitcoin. Bitcoin is decentralized and digital money still controlled by central banks and government. Government still can collect from bitcoin transaction because every goods we bought already attached taxes like VAT.
I am seeing in the future, government regulate bitcoin and bitcoin growing more bigger, and we can spend it on any merchant in the world

For governments, there is a system that is currently established and the laws were regulated and the collect of taxes and the follow up of money is regulated regularly. Therefore, governments do not want to accept crypto currencies yet.

I think there will be a harmony between Bitcoin (cryptocurrency) and fiat. Cryptocurrency will not be able to completely eradicate the existence of fiat. But the technology will spread obviously so people would have two choices. One to keep a portion of their income in the form of Bitcoin or any coin and to hold the rest in the form of fiat.

This will be good as well because for precautionary purposes, you need instant transaction and Bitcoin does offer instant transaction but not everywhere across the world.

Well, not everyone is concerned about the taxation point of view when it comes to the cryptocurrency but the interest lies in the fundamental philosophy of both the payment systems. Even crypto users are willing to pay tax according to the law but they are concerned about the control and manipulation of their wealth by any third party including the government. Since crypto is based on blockchain technology which relies on the principle of decentralization, we have the option to control our funds without overlapping any law.

Yes, Fiat will not be totally removed by it will decrease in its operation little by little because blockchain technology will be very busy that time. So crypto /Bitcoin will reign as future money.

Have you even considered the disadvantages? Don't get carried away too easily ... too much power to the government will only attract  power hungry people. People need to learn from history.
 Governments have too much unchecked powers already. They are run by complete strangers you know nothing about but you think you know very well.

I guess too much news is making us so dumb. Maybe less News especially from deceptive media will bring common sense back to Societies.

Governments will create their own cryptocurrency, which will be easier to control and manage than using today's crypto coins.

Actualy having an vision or prediction on our own idea especially into  the world of cryptocurrency are great,but talking only the bitcoin and fiat that would remain in the future  and would survive are very long story,because altcoins now are also popular in terms of exchanging currency,especialy those coins thats contains erc20 like etherium.

although ethereum is currently experiencing a drastic decline, many people still believe it. and is still widely used to exchange every ico project. whereas fiat, i think it will still be the main exchange tool, is still very long to be replaced

I would not miss cash, I am more likely a digital orientated person. But yes, cryptocurrencies would take out control of the hand of governments, which surely they would not support.

This is one of the motivation behind why a few governments are against digital currency as they don't know how they can profits by it as they can't impose the exchanges that is being made. This consequently denies degenerate government authorities to control the advantages of the general population of their nation instead of fiat uniquely if the clients of digital money won't cover regulatory expenses themselves.

I will not have this choice as I am working with the cryptocurrencies but I will not have to refuse from traditional money. I think the mankind will always use both of this money forms. I will not do it either.

It is in full possible that these two types of means of payment will exist in parallel and perform different functions.

It is not only about control and tracability, but it is also about convenience, crypto is not stable at the moment and that's why it cannot be used as a main asset.

I think that fiat will continue for long time while paper currency will be replaced by cryptocurrency because crypto is not centralized and fiat is owned by government and small entrepreneurs will use fiat for their transaction. But most of the people will use digital currency in the future, because it has more features and easy to use than fiat currency

In my opinion, bitcoin will not replace fiat money, but in line with what is needed. Because fiat money is issued by the central banks of each country, while bitcoin does not print and nobody controls. Bitcoin is digital money and applies throughout the world, where the system is decentralized and peer to peer.

I think most crypto users are like that. Fiat and Bitcoin will never be separated, because both things support each other. well, basically the development of bitcoin is also based on the support of people who use fiat.

Fiat his its own value and cryptocurrency has its own, but I think most of the people will prefer cryptocurrency because while holding crypto you can also make money and in the future the price will go up due the huge investment capital and then having bitcoin will benefit you. On the other hand fiat is only use for transactions and not general use in local markets.

If in the future maybe there are places that are not supply with internet access or maybe it will be supplied that is the question, so if bitcoin will be accepted and used worldwide and there are places with no supply of internet access so the fiat currency will still be used along with bitcoin currency but as usual they are not of the same value but this two currency will go together , the bitcoin in the digital and fiat in the physical form, that could be the future.

Bitcoin will replace the fiat money someday. I don't think it's a force to stop it. Many people make amazing investments in these projects. I think it is not possible for such a large market to fail.

Both will play a big part in economic growth, Fiat will still be needed since we are all used in using it as well its the most particular means of transaction, however as time improves into a much advance era, bitcoin will be much used by millennials.

Even though you can trade anonymously with bitcoin the government can always ask you about the source of your wealth.
Some institutions are even demanding the proof of transactions before one wants to buy a home, for example.
Their logic sounds like "isn't it weird that a homeless rapidly got so much money allowing him to buy real estate?".
So complete independence from the state is impossible, even with crypto.

But the problem with the digital money and the crypto currencies is their advertisement when the money is converted into digital then it was exposed to all the world's people in no matter of time by the company who is doing the transaction but when the bitcoin is decentralized it has been struggling to convince what is bitcoin and blockchain.

Easy. Find an institution that doesn't demand any of that. There really is no point in looking for proof of transactions since the money could have been the sum of a family's savings. For example, 5 siblings saved up money in order to buy a house and then gave it to their mother. The mother will have no way of giving proof of transactions since the money was simply handed over to her. Money can't be made out of thin air. Even the money that came from the mafias were once created by the government. There really is no point. Someone can spend millions of money but still not be questioned since money can simply be given to you by anyone without any transaction going on. Not every money people have were because they sold something or worked for it.

Another alternative is to make someone who has a good job to purchase the thing for you and then later on transfer the title to you. It's as easy as that so looking for proof of transactions is quite useless.

Bitcoin as well as fiat both are the necessary currencies that we need in our life in different places on different occasions. We need Bitcoin for investment as well as for fast transaction with low cost besides which banks can also use it for example for paying loans they can use Bitcoin. On the other hand we cannot ignore the fiat currency as we are watching and observing everything needs it so we need both.

well, even I also think that bitcoin and fiat will support each other. of course people need fiat to buy bitcoin, and crypto users need bitcoin to exchange into fiat so that it can be used in their respective countries.

I think bitcoin and fiat currency will use a lot of it and of course they will not be harmed which means that it depends on the people who want to use fiat currency or digital currency to make transactions.

In my point of view, Bitcoin can possibly replace the fiat someday. Like for example in the other country which they had decided to regulate Bitcoin legally to their own territory place and that is Japan, India and more. This is shows that Bitcoin has a big future waiting ahead someday, where the prediction of many particularly the bitcoin experts that bitcoin will become the world currency.

In the near future, bitcoin will become a global currency to be accepted and legalize globally, Bitcoin will birth altcoin for every country to be use along with there fiat mainly for online and inter countries transaction, with Bitcoin the use of fiat will be secluded to the developing countries and villages because of lack of internet facility.

I agree. If the government wants, they can simply eradicate fiat and just start using bitcoin.

I am curious to know more about the event that took place in India, though. How did the public accept the change of currencies and how long did it take for them to adjust? Do you think that it will be the same for everyone else? That people will easily adapt to it, should the government declared the end of fiat and the start of digital currency?

in my opinion, fiat currency will continue to exist, because fiat money is managed by the government, and crypto will be used a lot in the future even though it's small but I'm sure every development

Fiat currency will still be used in the future because fiat is a national currency with government support. And for bitcoin it can also be used for certain transactions, but I think bitcoin will be used as an investment asset.

If government want to collect more taxes, they should regulate cryptocurrency. With cryptocurrency growing, if can used in merchant, i am believe more transaction in merchant using crypto. Government should not afraid crypto used for money laundering because blockchain is transparant system

Have you forgotten about blockchain technology and the first reason why there is bitcoin, bitcoin is a cryptocurrency that originally intended to avoid large costs only for transactions, here bitcoin transactions are carried out in P2P way where there is no third person as an intermediary. Although I feel your idea is not too bad to invite the government to work together using blockchain technology, and sometimes in some countries the government is seen in the eyes of the public and loses trust.

I agree with you opinion. I think government (in some countries which banned bitcoin ad other crypto) has finally learned something. Basically government clearly wants to take control of any transaction, especially for something that influenced economical movement in the country, the reason is tax. crypto is illegal since it cannot be traced, while the system is good though to be adopted, so of course they create system similarly to crypto where the transaction or the system along with it can be controlled by them.

I think that crypto is capable of replacing fiat one day...but this day actually is sooo far from our times, crypto is younger than 10 years, it should grow mature at first.

People have already started moving away from cash transaction to digital and cryptocurrency whereas the real future cryptocurrency boom is yet to come. Surely, the society will prefer using cryptocurrency as it will support their anonymous transactions.

yes, I'm sure everything you say can definitely happen in the future. we all know that technological developments in this world are increasingly sophisticated. and almost everyone uses technology and the internet. I think this will make the government increasingly think that they can use blockchain technology for their benefit. and in my opinion in the end the cryptocurrency and fiat currency will run together for transaction activities that are used by everyone.

That is true. The government could have a hand in all this. I mean they would want to have as much control to the currency as possible in order to manipulate the market and even yes allow criminal activities. But if blockchain technologies are put in place, i think transactions will be so transparent that governments wouldn't like it.

No, you are wrong in many ways. The existing financial system in the states is well regulated and quite suits the current governments. On the contrary, the introduction of cryptocurrency is not profitable for them, because it is the decentralized cryptocurrency that they cannot control. They can allow the circulation of cryptocurrency on their territory, but they will not actively support it.
Governments will never give up their national money.

actually I don't see that bitcoin, or other altcoins will replace fiat. however, I began to think that the technology possessed by cryptocurrency would be the thing that supports the development of fiat transactions on the internet in the future.

   It is a good news for bitcoin society to tie up the two currency in opposite generation so bitcoin is the future currency tie up by the obsolete currency a fiat money. this situation is a embrace bitcoin to emerging two currency to can accelerate the new currency with the attachment of the people to can study the applicable of the new currency  for the future generation.

Well the technology that runs crypto right now doesn't really sit well with something that's greatly controlled by a sole government. Blockchain gives control back to the people, one thing that banks wouldn't want to let go of. But i can't see as well how crypto can be suppressed so it seems both will be available in the future with people deciding which is better for them.

I have no doubt that the next generation will also use fiat mostly. probably, their grandchildren will choose the cryptocurrencies more often. Crypto and traditional money will be almost equal.

Governments are trying to get more control and citizens are realizing that governments are crossing a line and that they are going too far with their desire to control things that is why I think bitcoin is going to become successful because people are going to realize that is a future in which they do not want to live.

of course with the advantages possessed will make the payment tool option for the future. and I think government is just not ready to face change, but later will follow it too

Despite the growing popularity of the cryptocurrency, there will be always some place for traditional money in our society. People will use cash and credit cards as well as Bitcoins and alts.

the future of fiat and crypto currency no one can know and in my opinion the government in the future will use a blockchain economic system that uses current developments and technology

In my perspective, the bitcoin and fiat can coexist because they are dependable to each other. In order for you to have a digital money you need fiat to pay your transactions online and bitcoin can convert to fiat to use in business or stores that doesn't accept bitcoin. I think in the future, the both of them will still be on run because the people and its society aren't fully ready to embrace the technology advancements.

The limited adoption of Bitcoin is also due to the factor of technology adoption. Not everyone is into paying via technology and digital channels, therefore fiat money would have to exist for these people

technology adoption is increasingly affordable and in my country the use of the internet and gadgets has become common, the next generation will answer this challenge if their parents cannot be forced to switch from fiat.

Many people are still afraid and adhere to the rule of law and it is very reasonable because it involves economic prosperity of each family.

good though but i think they cant track all transaction even if that crypto.
if they want make that rule i think they must make site or a place of registration so that they can get the address of everyone, but I think that is also impossible.
because 1 person can have more than 1 wallet they can just hide it, so I think it will be difficult too.

We must remember that if fiat can live without cryptocurrency, alts and BTC cannot live without fiat, at least, now. I am sure that soon many people will use both currencies, their national one, and crypto.

Neither Bitcoin nor any other decentralized cryptocurrency can ever replace fiat with it. Cryptocurrency can only go as an addition to the national money of various states. No state will ever decide to abandon their national money in favor of a decentralized cryptocurrency. This simply can not be. As long as states exist, their national money will exist both in cash and non-cash.

That's what I have said before, even bitcoin is decentralized and absolutely peer to peer in every transaction there is a big possibility that government gain a complete taxes from bitcoin transaction if there is a new additional features created for that kind of matters in terms of generating income to government.   

Indeed, the future of bitcoin and fiat nobody knows but can only predict and predict, and both of these payment instruments have their respective roles. I just think that bitcoin remains a tool for transaction and investment in crypto that remains anonymous and decentralized. Fiat remains a tool for real-world transactions and investments that can be regulated by banks.

This could actually be true in my opinion, now using cryptocurrency, when you do a transaction, your transaction can be traced or tracked, and as some people say, the government or some people who wanna use cryptocurrency could actually use whatever amount they had to whatever evil acts they want. But to be fair, this is only my opinion, and the government could be having a much different plan than what we think is happening.

I can see my future in bitcoin and flat . The rrason why I am motivated in working hard is the bitcoin and flat . I want to earn a lot of it so that I an afford my future wants.

Bitcoin or another decentralized cryptocurrency can never replace the national paper money of the states. For this to happen, the government must make the appropriate decisions. However, no government will abandon its national money in favor of cryptocurrency. A cryptocurrency can successfully run in a state only at the same time as the national money of the state, otherwise it will have a bad effect on the economy of any state.

That is going to be very difficult, bitcoin has a huge potential that is something that is undeniable but to think that cryptocurrencies are going to replace fiat currencies does not seem realistic to me, governments are never going to stop printing their own currency, it is simply not in their best interest to stop doing it, so the only way for that to change will be if people realized the great disadvantages that fiat currencies have and that is to expect too much out of them.

So even if there was a huge crisis caused by fiat currencies I'm sure that the majority of people will still prefer to use fiat than to use alternatives like precious metals or cryptocurrencies.

Even if the cryptocurrency will be popular in the furure days especially if thus technology will be fully accepted and adopted worldwide but still fiat money will still be surviving for not all area in the world are fully internet access, so fiat will still be used as mode of payment for goods ,so fiat money and cryptocurrency might be functioning and will go together as well in the financial world.

In the nearest future, many people will use the cryptocurrencies as they use fiat now. They will buy various things for Bitcoin and some altcoins. Bitcoin ATMs will be popularized as well.

Bitcoin is peer to peer transaction and i think its untraceable. We dont know the identity wallet owner. For government, this can not trace to collect taxes but if we use bitcoin in merchant, government can collect taxes from VAT

Yes it really makes sense to government that's why they should get in touch in digital currency because if people uses it in their transaction as a payment they will not gonna waste time of approving it with a second man. And it will be easy to the seller and buyer to make a better transactions than getting more approval in some different places to get his/her dreamed product.

I’m just starting to notice that some people here hates the current monetary system. The worst part is that these people makes no sense, they can’t give any good reason as to why they even hate fiat, they just feel like the cryptocurrency will give them freedom and make them rich, lol.

Cryptocurrency gives you no freedom, the government will still control it if they wish. I don’t support cryptocurrency, but I like it. People just needs sense of reasoning.

indeed it is an advantage, where every time you have to innovate to get more practical ways in transactions. by cutting the chain of approval of a transaction it makes this system more practical to use. so it is not surprising that many begin to learn it even start using it now, to support their activities

Actually comparing these two, Bitcoin and Fiat is useless. I have also noticed that a few people don't want to accept the fact that fiat will be there with us. Maybe there won't be any physical notes and we will have fiat in form of cryptocurrency. At the end of the day, they will be still using fiat and occasionally other decentralized cryptos. Governments will levy a tax on the transaction of decentralized crypto. Maybe few governments will exempt those taxes but maximum will levy a tax.

I'm one of the people who like to criticize monetary system. It's a big lie that we don't give enough reasons, it's a big lie that we think how crypto will make us free and rich, the point is in financial freedom, and some people who are here have that financial freedom. When you have so high opinion about current monetary system, don't be lazy do a little research about current economy, spent some time in reading about flaws and bad sides too. People need more than sense of reasoning, people should open their eyes and look what's happening outside and to try to understand why this world is still a jungle, and how current economy is taking care things to stay the same. In jungle there is no sense of reasoning, bigger animals eats smaller ones, it's a food chain and that's current economy, people should be people on the first place, not animals or slaves, people, can you understand that for start, later I will explain you why how can crypto help in changing the world, but you need to start from beginning.

You can't sell car or house anonymously for cash because it always has to be some agreement done
Cash is  going to stay and it has to stay.In my country in EU Europe banks have big problem with his IT infrastructure sometimes during weekends his service is not working and even his cards are not working so it is always good to have some cash
If everything will be digital than it will be very easy to control people
China is punishing merchants what are not accepting cash because it is against law
There is planty of places in my country where i can pay only with cash
In a case of bitcoin cost of transaction is to high and it will be not lower in future
So bitcoin is not internet money

Yes, I also think that the taxes will be collected, but Bitcoin will be used almost everywhere. Each one, who thinks that the cryptocurrency if more convenient than fiat to him, will operate with it.

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hope it really happen in the future, not replacing fiat but I hope that bitcoin and crypto can be used as easily as using fiat.
I don't think it will be a problem as long as it is controlled by the government?

Some says crypto can soon replace fiat but how can that be possible ? I mean we must first need fiat in order to buy cryptos . you cant also say that we can mine crypto or we can earn them online because we still need money in order to buy a miner or to buy a gadget with internet access  .

Btc and cryptos were now also easier to use compare to before because many merchants and companies are now open up for supporting crypto payments but i think fiats are still more easier because they are direct .

Yeah, it's not meant to demean bitcoin. but fiat will always be the main currency. Bitcoin can be a popular currency in the future. but the holders of government authority will certainly continue to make fiat the number 1 payment and must be used for every citizen. as long as the government exists fiat will never be replaced by anything

I think the future of money, is a combination of bitcoin and fiat currency. Bitcoin will never replace fiat currency in the future because it is the material used in monetary system of country. All of the countries have their own fiat currency. It is more convenient to people if bitcoin will also be used as currency together with a fiat currency.

That’s true but it is now a history mate people are more happy to use crypto than fiat as well as government are saying all about fiat is for their own benefit for ordinary people fiat is just money but crypto is future maker so according to me we all should promote the use of crypto than fiat if we really want a good economical state.

Yes, cryptocurrency is most useful in worlwide and every person want to be a part of this currency because now they aware about crypto world and its benefits too so that's why they invest their some of money for their future because this currency can make every thing possible for comfort life but the fiat currency is difficult to make easy life and future, so that is why digital currency will more popular in future by its benefits.

for now I think their goal is more to improve personal economy, because they can see the future of crypto that has the potential to rise, with more and more people needing it for several purposes

actually its totaly wrong if we make bitcoin and other crypto as tool to improve personal economy.most people look crypto like this.but if they see crypto as new technology that could provide more effectiveness i think they will get more benefits.

Nice ideology, but the big question is will the government allow that? is this not the same reason they are fighting against bitcoin? It's a very generally acceptable ideology but it's a long shot.

Well that could be your thinking but for me we are slowly replacing fiat by our own if you are here means you know the worth of crypto currency. You actually know bitcoin is gonna be our future current because with every passing day bitcoin is taking the place which ever fiat had. So for me future of fiat is on dark because of bitcoin.

Using cryptocurrency doesnt mean we dont have to paying taxes. When we buying goods with cryptocurrency, its already attached with VAT. Its true that government will turn to digital money but i think that not for bitcoin because bitcoin is decentralized cryptocurrency

Governments are going to have a lot of trouble trying to get taxes out of people that use cryptocurrencies because they will not know the identity of the people that make those transactions and if they decide to put a law in place that forces you to identify yourself many will choose to ignore it because they will be happy to sell their products for bitcoin when they finally understand that selling for bitcoin and holding it is one of the best things they can do for the long term.

Because if they do that and bitcoin skyrockets as we know it will happen then the benefits they will get out of it will be many times over whatever fiat they could have received by those products.

Cryptocurrency will be walking in our society only simultaneously with the national paper money of the states. It cannot be otherwise. Cryptocurrency is not able to replace the national money of the states. Today fiat currency is the simplest and most perfect system of monetary settlements. Our society for a long time will not be ready to switch to other payment systems. They will still exist in parallel with each other.