Bitcoin Forum

I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.

"fiat" is actually the wrong and a biased word, to insult the communal currencies, crypto can also be fiats, and they effectivly also behave that way,

what we are really talking about is communal managment currencies, there is a huge collision between crypto and those that cannot be neglected, its like capitalism and communism (cold war) could coexist next to each other, but they dont, capitalism (crypto) is unavoidably in a conflict with communism (communal managment currencies)

because the capitalists want control over the money, for communal supportive AND not supportive goals, thats the issue, thats that defines the extend of the conflict.

people working for money, are highly affected by crypto's and cryptos are in a neverending dirtfight against each other.

so no harmonisation can ever occur if the cryptocurrencies would support 100% communal managment only they would have to adapt and obey a shitload of several hundred years parliementary burocracy and regulation so that the founders of the cryptos would have to be either rich like bill gates to hire an army of lawyers or a robot because money has the ability to create asymmetries between economic participants.

regards

No. The world leaders have value, ownership, and power through (in part) their fiat currency. To give that up would take a significant (and good) change in human behavior by these people who've come up and no thrive in power.

If any major company were to adopt crypto they'd want to own and control it. This won't work for bitcoin. And any creation of a govt based crypto serves to give them visibility into transactions.

if it is made to collaborate both fiat and crypto for the future it is very good because later many countries that do not accept crypto will accept crypto for the collaboration thus this system will be more secure and all people will want it to join the cryptocurrency world.

Crypto and fiat cannot symbiotically exist, especially in running a country's finances. Perhaps bitcoin can be used as a reserve currency, but that's it and nothing more. There's just too many risks involved in incorporating crypto into an economically stable country. In countries like Venezuela though, we see how bitcoin helps them in a way for their needs and for spending. Maybe in countries that are struck but hyperinflation this idea might work, but for the rest of the world, it wouldn't.

I want it but seems it will never happened that fiat are established since hundreds years ago and government already make fiat as one of the economy tools but although crypto came with several features which possibly to beat fiat but government will always be attempts to eleminate crypto from people life but indeed if fiat can collaborated with crypto i think most people will feel the benefit from it

I agree if that's going to be a reality but its unlikely. You know that government won't gamble to a decentralized systems and they don't have total control on it.

We as individuals can agree and do it without interfering the other system but if the government steps in, I doubt it that this is ever going to happen.

Healthy collaboration will not be possible either fiat or crypto cill be the future of currency system because if people consider that crypto has more advantage over fiat then they will move towards the cypto system in the future or they will ignore the crypto and the fit will be there as always.But we already have crypto has some part in it so it is slowly adopted by everyone so the rest will be history.

I think cryptocurrency collaboration with fiat money has already been happening in some countries like Japan as people can now use Bitcoin to pay for something in that specific country. Here in my country we can use Bitcoin to pay bills and buy prepaid loads instead of using fiat money. Though governments take part on this issue by implementation of such regulations to some local wallets or exchanges in fact we can use Bitcoin, Ethereum, BitcoinCash and Ripple in any online transactions to pay for either goods or services.

They won't even think about it, let alone gamble into a decentralized system as we all know the mindset governments have towards decentralization as they will always want to be in control.

What I see eventually is both fiat and crypto going hand in hand but which ever way, even if the governments of each country decides to go the blockchain way, they obviously will not be going the decentralized way, that I am sure of, and as long as it is centralized, it is fiat.

it seems that in fact fiat and crypto for now still have to keep going side by side, fiat as a currency with a centralization in the banking system this thing that makes its existence still set by the government, and crypto with a decentralized system will certainly greatly benefit every user. so I think the government should be able to give a policy to allow every community to use crypto and this of course does not need to eliminate fiat currencies in general.

Crypto especially Bitcoin is superior to fiat currency but I don't want fiat to go yet due to  the advantage of having cash and the advantage of different Nations having separate currencies. I may change my mind when Cryptocurency can be used in physical form, without  the Internet and when Nations switche to well decentralized Cryptocurencies.

Fiat will not die and will be not replace by crypto until govs will not develop his own crypto
Cash will not die also
Take a look.What we can buy with crypto not so much and only in some places of the world
I live in Europe and i can buy nothing with crypto
There is many places where i can buy only with cash for example healthy food at low prices
cryptocurrencies integration with fiat money system is going very slow
We don't have cards services
You can find some ico telling we want to create bridge between crypto and fiat but it is not so easy

To me I distinguish FIAT as a currency controlled by a government.
WHEN governments decide to use blockchain technology the currency
could still be called FIAT.

I think a lot of people are assuming or thinking that governments
are going to start using Crypto, the ones we like i.e Bitcoin, Litecoin,
MOnero, Dash etc. I really cannot see this happening a government
will want to control its currency.

SO its easy to mix the terminology up to mean governments will use
Crypto but it will be a centralised controlled crypto, Like FIAT!

I agree that the cryptocurrency can not replace the national money of the states. Cryptocurrency has no relation to the economy of a particular state and has a high price volatility. Even these two factors will not make it possible to replace national money with cryptocurrency. Cryptocurrency can really coexist with the national money of the state, as it is done in practice in Japan.

It wouldn't makes sense for governments to willingly replace their fiat currencies with decentralized cryptocurrencies. Losing the ability to control and manipulate the economy via the money supply is no small loss. It won't happen until and unless the global market forces their hands and fiat currencies plummet in value. I'm pretty skeptical of that. Fiat currencies collapse, sure......and then they get rebooted. I don't see why decentralized currencies would break this cycle unless governments themselves were abolished.

I'm more open to the possibility that central banks will eventually hold cryptocurrency reserves to hedge their economies. That seems like a long way off, if ever.

We already need a lot of time to replace cryptocurrency with fiat and surely there will be collaborations in this time period. And i belive, if the more perfect system of money than crypto will not be created, cryptocurrency will be the method of payment in the future.

Yes, they can go on and adopt the technology because its really applicable to many existing systems and agencies of the government but to become fully decentralized, they are hands off it. I remember there's a state on US that's accepting crypto as payment to the tax of their people and will automatically converted to fiat. That's the one adoption that we are looking for but its not going to be considered by most.

Maybe the thread you are reading is just a crap or hoax spreader that is not true at all. Anyway, fiat is the official currency released by the government in every country and besides that Fiat also has a high philosophy with the history of a country, so where might fiat die just for crypto, I'm sure it's just nonsense and they are too imagined high. Crypto still cannot be recognized from several countries, if Crypto wants collaboration with Fiat, then at least Crypto's position must be the most important in the world of economy and economic development which is recognized by many institutions from each country.

good, thank you for your explanation which is very useful to increase my understanding. so I can differentiate more specifically. so between communal currencies and capital currencies forever it will not be able to collaborate well. because there is a difference in the regulation system and the control of money.

like Venezuela that many people have turned to Bitcoin to save their assets, because their currencies have collapsed, the economy is damaged. is Venezuela's currency not already used in that country? if it's still valid, maybe that's what I call for balance or harmonization of fiat and crypto. when the economy is shaken by the fall of fiat, crypto helps balance the economy and re-runs fiat in the country.

yes, i understand that. actually crypto and fiat are currently collaborating. but with a conflict that is still large in some countries, I mean crypto users cannot use it fully like fiat. because it is indeed a significant difference from these two currencies. I hope that in the future crypto and fiat can be aligned to help the country's economy get better without killing one.

Indeed, it takes a very large study to be legalized by the state. In addition to the country's established economy with fiat, the value of crypto fluctuations is a major threat to established countries. like your country that hasn't legalized crypto for transactions. because it takes a lot of research, until crypto is really useful for your country. So collaboration cannot do like Japan. Where crypto and fiat still work together have systems and rules.

I think it can be combined together if goverment would agree to work with it as additional payment system, but there is different factors that goverments should agree with when they are accepting cryptocurrencies also explain to everyone that prices can go down and up every minute and it's not as stable as local currencies and confirmations could take hour

I agree with your opinion, that crypto and fiat currencies have their respective roles and do not kill each other, they are not even separated because for conventional spending, fiat currencies are still needed to make transactions

When you say collaborate you mean that cryptocurrency and fiat will become as one? I don't think this is possible. Mass adoption of bitcoin alone will be confusing enough for the public, how much more if they collaborate? I don't think people will be that accepting. That said, I could see both being used, like an option to use one or the other.

I am believe fiat money still exist and crypto can be used for payment in merchant. Collaboration between crypto and fiat can create new economic system and i am believe fiat and crypto can run side by side

That is right now. We are using fiat money to switch to electronic money and vice versa. This is the most harmonious combination because fiat money is of its own value and it is operating in a foreign exchange market, much larger than the Crypto market. I do not expect change, I just want it to remain so and grow stronger on the blockchain technology.

A very deep calculation is needed if you want fiat to be replaced by crypto, because if you see that fiat is very strong very large in the development of a universal economy in the outline, of course it can withstand economic stability in the world, with strong values it is an advantage to always survive in its position, don't be easy in every aspect of the world economy, if there are defects that will affect all countries, and I don't think that crypto is the main solution in handling in the future, fiat is still the heart of the economic power of every country.

As far as I am concerned USDT is fiat even though it is on the blockchain and so is any other stable coin. According to the dictionary, fiat is a formal authorization or proposition; a decree. It is more or less not the cash itself and as long as that decree can be placed on the blockchain, where we get to have centralized digital currencies, then, we know fiat will still be in play. What I see in the long run is centralization and decentralization going hand in hand within the crypto sphere but there is no way on earth that government will integrate decentralization protocol into the system.

Fiat obviously will not die. We are talking about evolution of money here and fiat is just a system which is centralized, and the fact that government in the long run will definitely come up with their own ways of getting to build their currencies on the blockchain does not mean they will come up with a decentralized entity as we all know they will always want to be in control.

In the long run, physical cash would probably get eliminated, but one thing with fiat, is that it would still be around, but sure, there will always be an alternative of some sort which is where decentralized cryptos will come in.

I agree if crypto and fiat collaborate, because it will be mutually beneficial, but if crypto can be received in the government, I think there must be control rules. so crypto usage is really on a good track. during crypto is still running on the system that is decentralization. I think the government will not add crypto.

Cryptocurrency is generally not able to replace the national money of states. Therefore, fiat will not disappear, at least in the near future. Cryptocurrency can only go in parallel with the national money of other states, that is, in the future it will have to coexist with national currencies. Only in this way can it benefit the state. This is evidenced, for example, by the positive practice of using cryptocurrencies in Japan.

i think that is a good idea, fiat can be used on local transaction, but for global transaction, it can use bitcoin. so the transaction among countries can be more efficient

The thought does not leave me that a cryptocurrency is a new stage in the development of traditional money. It is quite possible that in time the electronic currency will completely replace Fiat, but this will certainly not happen in the next couple of years.

Harmonization of fiat and crypto where both currencies are existing side by side is what I feel can happen. Cryptos will hardly replace fiats, certainly not this world we live in. Fiats are symbolic of different countries they emanate from. It's their identity and what makes different governments powerful as they have absolute control over it. Central governments of countries will not be to have control crypto as a currency, this poses a big problem.

I guess Cryptos will here to stay as fiat is more useable nowadays. Government will control every entity in the planet, but peoople will study what's the benefit of using cryptos and how it will change the entir monetary system.

The mass needs centralized money because they have no clue about how to take care of their finances in a responsible manner. Them using decentralized crypto currencies is a guaranteed way to lose money.

Every day people get their bank accounts emptied, send money to the wrong recipient, get scammed on internet, and so forth. All these average joe mistakes can't be corrected if there wasn't centralized money helping them recover it.

I will always keep using fiat even if crypto becomes globally accepted as medium of exchange. Locally it's definitely fiat that will maintain its lead, where online and cross border transactions is where crypto shines.

Why choose one option when you can have both working in your advantage without any problems?

I am always believe that fiat will side by side with cryptocurrency. I am agree that fiat will collaborates with cryptocurrency because crypto have advantages than fiat and can use anywhere as long there is internet connection

in my opinion fiat will never be replaced by crypto, maybe just maybe crypto will dominate in the future, we just do not know yet but it will never replace i mean fiat will still exist just like gold and silver nowadays.

i think in terms of government, it will certainly look for policies where fiat is not completely displaced. besides, of course government does not want economic situation to deteriorate, we know for management of fiat many employees in it

As I've said before, digital currency has a bright future ahead, with a secure transaction, no middle man for the price manipulation and a fast way of payment method. But it doesn't mean that crypto will reason of fiat's vanishing. I cannot think that fiat will vanish anyways, not all of people can access to internet, where is main environment of cryptocurrency. Fiat will always be there.

in my opinion, the harmonization between crypto and fiat currencies is very closely related, because most buying and selling transactions are still carried out in fiat currency, while crypto currencies are only used as investment commodities such as gold and silver then sell them into fiat currency and are used for daily transactions

Fiat or crypto can not beat up one another. In future, financial system will be more complex. Since there are many risks of crypto, there will also be government based cryptos and they serve to give them control and visibility on transactions.

Countries who accepted or those who did not legalized nor banned cryptocurrency feels the benifit of the both, using cryptocurrency and fiat, they are both benificial in a way that sometimes they are competing with one another. I said so because the characteristics of fiat can be done by the cryptocurrency and crypto is much more improve and impressive than fiat.

Despite some desires cryptocurrencies will not replace fiat. That is not their purpose and it's not necessary.
But fiat and cryptocurrencies could successfuly coexist together with some conditions. Regulation and adoption by governments is one of them. Also adoption by businesses and better education and awareness by all users.

I also do not support any notion that the fiats should die. What if the fiat dies, do some of us believe that crypto will be enough to settle all payments and bills? Think of a remote place without internet or electricity too.

No I do not. I believe that we will see fiat "live" for a long time with cryptocurrency existing at the same time. I think that people will have a hard time coping up because of how complicated cryptocurrencies are. However, I wonder if the prices will stabilize once everyone starts using it. What do you think?

For the moment the crypto market is part of a niche industry. It is true that the technology behind it is real and futuristic, but as lon lg as there is no governmental reglementation it is impossible to remove the fiat coins. We will see how things evolve.

in fact, crypto has not been able to reach and be accepted by everyone (especially those in remote areas). for a country that is acceptable, but not necessarily for other countries.
collaboration is seen as better, for governments that do not want to risk using cryptocurrencies on the financial and economic stability of their country. for example when we will use crypto to pay for goods, then we must convert it to fiat first. that may be accepted by the government, rather than making crypto the state currency.

I agree/believe an harmonization between fiat and crypto is the best  deal now, as there are several countries that is yet to develop to the point of relying only on crypto, in other to carry them along also I know that fiat collaborates with crypto in building a secure financial system.

I think I agree with that. Both fiat and crypto actually should synchronize in the future? because even people and the world change, there's always some of partly people who always have a choice to decide fiat or crypto as the payment system, contemporary society tend to love 'manual' thing which is fiat, while the modern one perhaps prefer crypto compared to fiat. Even the situation happen like that, interaction is always there, among human, who likes or dislikes. So, both crypto and fiat still can be use by people regarding to their own choice.

They are already harmonized as well as it gets. Right now we are living in an age where buying fiat with crypto or buying crypto with fiat is as easy as it gets, you just send your money to any exchange you want and you can purchase crypto or in any exchange you want to use you cash out your crypto into fiat and withdraw it to your bank.

There are even talks about decentralized exchanges recently that got more attention specially thanks to binance trying to create one. So, I do not know what else left aside from a mobile app that allows you to pay stuff with crypto and the seller takes fiat while you pay crypto which opens all kinds of possibilities.

If the government take over cryptocurrency I don’t really think we will still have coins like Bitcoin and the rest of them. Everything will be changed and we will start paying tax and also won’t have control over our money. They can even lock or freeze your crypto wallet if they suspect anything just like they do in bank. Things are alright as they are and we don’t need to be seeking for what will destroy what we have been fighting for.

I don’t agree with that and it’s not going to happen. Some people are just being so dumb. There are still a lot of people in this world who knows nothing about computer or digital money and they don’t even have interest in it, all they need is what they can see and that’s physical money (cash).

Digital methods are meant for those of us who think they are smart and are looking quick and easier ways to do things. Just like they have it in bank, if you have a bank app you can easily send money to anyone without having to stand on the line to pay in money.

until now your solution is right for me, fiat will handle daily activities that cannot be touched by crypto such as the purchase of basic necessities and bridges throughout the village without the internet and crypto wallet. crypto will rely on online trading and trading activities that will provide economic growth for each country without having to blame each other

At the moment, Fiat money can not die, because it is essentially the only payment system, and the cryptocurrency is not yet able to provide all.

in the end bitcoin will remain on the stock commodity track, most people still feel complicated due to legality and education factors that do not reach all walks of life.

I believe using bitcoin is more difficult in the mindset of ordinary people, and also they still question the issue of asset security.

Harmonization has now been applied with conventional banks as transaction mediators that are connected to the exchange as a conversion. however, if regulations are not made, then inflation concerns will continue to grow.

I am in support of the harmonization of both the fiat and the cryptocurrencies. The exchange platforms have been a saving bridge in having this merger/relationship. Both parties are equally as important as the other with respect to perspective. I believe there is harmony till date that's why we still have both still existing, especially the cryptocurrency.

Yes of course and the institutions that could make this harmonious activity could be done by the banks. I have seen a thread that bitcoin has connected to banks for more users to easily get the crypto - fiat conversions through banks. Banks will also benefited on this since they will be able to get more service fee in the process.

Fiat - paper, credit, unsecured money, the money that we use until now.
It seems to me that at the moment the crypt will not be able to take this place - a general intermediary for the evaluation and exchange of any goods, works or services.
However, it seems to me also that in the foreseeable future, some introduction of cryptocurrency will occur in the existing financial system, today in many countries they are actively trying to develop a legislative scheme for the circulation of cryptocurrency and their regulation. In such conditions, the merging of cryptocurrency and Fiat is inevitable. The financial system of the future will find a place in the world, perhaps soon.
As for the full replacement, I would not have looked so far, I think not earlier than in a couple of 10 years, although everything is possible, nothing is impossible.

agree with you if fiat will not be replaced by crypto, because fiat is very dependent on the country's economic stability. it is very chaotic if fiat experiences fluctuations. fiat and crypto collaboration may make the country's future economic system, and I agree if that happens

I don't agree as well with the statement that fiat will die and bitcoin will replace it, because however i think fiat is the best and suitable thing for currency or payment or anything. Although it lacks for many things, but bitcoin is also lacks for many things. And having a change is not a easy thing and i bet not many people ready for this.
I prefer both of them, fiat and cryptocurrency and complement each other, support each other and make something that can be better for our economy without destroying each other. If we can have both, why not?

Fiat currency is way too established to be replaced by cryptocurrency anytime soon. I also don't believe in people saying fiat and crypto can't coexist, well guess what? It's both existing now and both are doing fine. It may not be what we expect but perhaps this is what's meant to happen: for both to exist and be used by people for different purposes.

Regardless of our desire, fiat will not disappear anywhere and no cryptocurrency, neither decentralized nor centralized, will replace it. No government will ever make such a decision. The national money of each state always reflects the state of the economy of this state and is always associated with it. Cryptocurrency is in no way connected with the economy of any state and therefore cannot replace with itself national money. She can walk only along with national money and in this plan will really coexist with her. There are no other options here.

I think that the growing trend is that countries will try to incorporate crypto into their fiat currency more and more, in the form of national cryptos. Just like what Venezuela has done, and India and others are looking at doing.

To me, I don't think that it's very likely at all that fiat currencies will ever replaced by decentralised cryptos because the government would simply never be willing to give up their control. Centralised cryptos could potentially be issued though in lieu of paper based fiat currencies in the future.

However, there will be a place for decentralised crypto in my opinion and an extremely big one. The most likely thing to happen in the future is the coexistence of decentralised cryptos and fiat, with many merchants that would accept both currencies.

Yeah their both good being together, it's give ease to everyone. Being comfortable in each transactions as well an option which ever available.

I think the balance will come in a few generations. Now, we are the generation that is accustomed to fiat currency. Our descendants will use mostly cryptocurrencies. That's when we all will not be active market participants (someone will die, someone will be old), then the financial system will change.

maybe it can happen if you look far ahead, but although fiat physically changes to crypto, the function and treatment of crypto will be the same as fiat before, but with the advantages of crypto technology.

right, it's still a long time for cryptocurrency to replace fiat currency. i don't think right now, given the many obstacles that must be faced. of course for short and medium term we expect many stores that facilitate payment using crypto

I don’t think the both of them can work together. If you think they can, then how exactly do you think that is going to happen? What areas is cryptocurrency going to fill in? There is no way for both to work together. Fiat can be used both offline and online. Things are alright the way and there is nothing more we need. The both should be working differently on their own lane as they are doing now.

Absolutely, knowing where the government stand with decentralization anyway and know the threat it means to them. However, the main thing I am sure of is the fact that there would be some harmonization in which we will see fiat and crypto going hand in hand.

Even when we start seeing real life usage, there would still always be some instances in which fiat will always be relevant and that makes it impossible for us to see fiat go down the drain because of crypto. Government even in the long run will be using the blockchain to come up with their digital currency and maybe with that, we will get to see a new era in which we will just see the whole market going concurrently.

We still need our fiat, crypto can only be an option for some transactions to make it easier but it fiat will always be useful especiall if your in your own country.

I do agree with the part where you say "Fiat will die and crypto currency will take over". At least not now. Replacement might take more than few decades if that is about to happen which is very unlikely. Though, fiat and crypto currencies might start being used side by side instead of one replacing the other. We might even see different nations trying out their own crypto currency (though i doubt they are going to be decentralized) and make them mainstream.

Fiat will always be the main trade between traditional traders and that is a culture that may not be eliminated,although there will be an increase in one country by launching Crypto.Of course people believe that fiat is the culture they say dude,so this sounds difficult but the future of the world through crypto is a very good breakthrough.

Agree or not, it’s certain that Fiat won’t be able to be replaced by Crypto, both have their own functions which can never be replaced.
Both fiat and crypto cannot collaborate, maybe in some countries there have been successful fiat collaboration systems with crypto, but there are some who reject crypto because they considered it as a threat that could disturb the stability of fiat money of the country (http://yubster.com).

Well, I think that's the dilemma that's currently being deliberated on by the world leaders. They love this new technology but they're not willing to give up their beloved son (fiat). They'd want to make sure they don't kill the new innovation by the youngsters. Anyway we hope they all become clear so that people can trust and grow this new system.

I think that people are working against themselves more so than governments are working against them. People really need to start looking at things differently and for once accept that fiat serves an actual purpose.

Fiat can scale to become money for the entire world, while crypto can't and never should be attempting to do so. Let people conduct the majority of their transactions with fiat and leave the more important ones for crypto.

The less crap we throw into the blockchain, the longer Bitcoin can continue to be operated in a more or less decentralized manner. That's why Bcash will find out later that on-chain scaling is the wrong path to follow.

The future of cryptocurrency holds a lot in view with the fiats. The fiats and the Cryptos are currently having a good relationship except for which financial governing bodies might see otherwise. Though the use of fiats might decline as time goes on but it will be in a mutual method.

there is no need for fiat to die in my opinion because now banks started to not carry even cash anymore and every payment is made electronically and cash has no fee for payment so I think a symbioses would be the best as you mentioned as well

yes, fiat will always be there no matter what. the fiat system has very good foundation that crypto is not yet ready for it. the high volatility in crypto is one significant factor to consider. but yes, this is really good breakthrough in the financial system. so many people already got the benefits out of crypto. as you can see, there's already collaboration going on with crypto and fiat, as you need to convert your crypto to fiat to have real value in the market as not all payment systems accept crypto.

Yes, in this forum, great importance is attached to the issue of circulation of cryptocurrency in society and the possibility of replacing it with a regular currency. Cryptocurrency does not have the slightest opportunity to replace the national money of states. The national money of each state is directly connected with the economy of this state. The meaning of money is that they are issued for the volume of the gross product of the country, that is, for the sum of its national wealth. Cryptocurrency in general can not have any binding to the economy of a particular state and therefore in this regard it cannot perform the function of money. Although as a means of payment, a cryptocurrency can be used if it runs in parallel with the national money of the states.

I think that will never happen. Money will always exist even though crypto currency and bitcoin is rapidly growing. Both crypto currency and money should work together to reach good economic stability in the world. Bitcoin brings huge impact for the economic situation in several countries because the money movement is also growing up.

It won't happen at all! We are talking about fiat being replaced by crypto here and in such case we are talking about centralization being replaced by decentralization. Sure, there is no doubt that cryptocurrency has been able to give us the chance for freedom when it comes to spending, but at the same time, a time will come when cryptocurrency will just be an alternative to fiat for some people who will like to make international transactions even most of the time.

There would be coexistence as someone rightly said, in which the crypto space will be regulated. Moreover, I do not expect that fiat will not one way or the other, try to integrate blockchain, so in most cases, it will all be a harmonization like the OP called it.

a person gradually gets used to paying by non-cash means, therefore, in the case of cryptocurrency, the understanding of convenience will gradually come

It is clear that cryptocurrencies are not going to kill the fiat system, there are too many people invested in that system, however it is entirely possible that the current system will collapse and that will open a huge space for cryptocurrencies, this is going to give us the adoption we need and want but still it is not going to be enough for fiat to die, but that is OK because we do not really need that, we only need cryptocurrencies to be adopted through the world so we can use them and avoid fiat if we like.

However I do not see too many governments interested in collaborating with cryptocurrencies, governments will want to take over for sure and they may try to disguise their intentions but at the end that is what all the governments of the world will try to do with this market.

The society is design in such away that the system can not function on a single form our financial life can never be great with just a single means of carrying out financial transactions due to the fact that we can not depends only on cryptocurrency for all our transactions there is always a point when we will need the use of fait money in the society too despite the fact that cryptocurrency offers total freedom of our financial life we still new the fait money to carry out most of the cryptocurrency transactions such as buying of cryptocurrency we still need to use the master card which is attached to fait.

To me this is like harmonizing mail and e-mail. It's not a one-to-one swap or replacement, although that is the overall intention. The technology will be phased in or out respectively based on advances in infrastructure. ie we will likely always require notaries to some degree so that we have witnesses to testify if documents are called into question in a court proceeding. This doesn't have anything to do with mail or our need for a mail system. So contrasting, the day we are past the tipping point on device-based payments, there will no longer be a need for payment cards.

Exactly that's what i was thinking lately but i do believe that banks and crypto would collaborate together in the future because if we choose who's the one we will be using it might take a lot of debate and regulations. I agree with you that we shouldn't change the already established system rather combine them in order for them to be useful in the future.

Cryptocurrency is just an another option conventional to what we are preferred for.  But it somehow other people  never seen or appreciate it at this time.
The combination of fiat and crypto will provide us comfortable life and more productive in the future. May take these chances and have enjoyed having both currency in our life.

That's why satoshi made bitcoin for a conventional use of the people who hates to use the bank which slowing down the process of payment where people need to write it down each name and ask them to sign for a signature which cost too much time if you come to think about it whereas bitcoin and blockchain made it easier for us because it does what the banks been doing and its a less hassle.

But then again crypto currency are meant for trading purposes only and not as payment in real life, then someone applied it an exchanges to trade bitcoin to fiat currency. These two are collaborating already we don't need to separate them because we can't get the greater benefit from it.

We shouldn't by any means make fiat look inferior to crypto. Because is a traditional currency that has stood the test of time, though crypto also experiences a similar setback that was seen in fiats. I will rather prefer the harmonization of both in order to improve and stabilize the value of crypto and build a future financial system that would be accepted  by all.

I think it would be far to its possibility because we cannot have a centralized and decentralized currency in one country.And of course the government officials would not permit it to happen because having cryptos would mean transparency of all transactions.Maybe we can say that crypto can be a reserve currency in the future.

Digital currency may not completely eradicate fiat currencies but I am certain that it will stop the people's over dependence on fiat currencies to do anything. This will be achieved by the time more users have the experience with cryptocurrency in terms of speed, convenience etc.

Off course that is most dangerous decision if taken by government and also I think that it is impossible to accept the crypto anyways. People are not looking at the crypto currencies as mode of payment but more or less they are looking at it as mode of investment. They want to grow their wealth through it, they are happy with the results and dont want it to be altered. If you pick any project which offers crypto debit or credit cards then you will see that they are failing mostly and thats all because people are not interested in such cards as they already have one with at most trust.

with a decentralized system, of course, makes transaction speeds higher. this is an alternative if it takes immediate money to be sent to the opponent's transaction and in large amounts

I think countries will be launching their own cryptocurrency, Sweden being the first:

https://www.thelocal.se/20180115/sweden-predicted-to-become-first-country-with-own-cryptocurrency

Once the use of non-cash transactions and technical competence is widespread, I'd imagine other countries to do the same.

In Sweden's case, It would prevent a potential crisis situation where cash is no longer an accepted means of payment. (Sweden has cash-free cafes and shops). Therefore, the central bank is obliged to provide alternatives. 

Even if it has the slightest opportunity in terms of adoption, there is no way government will just allow it to take over the fiat system and they will do everything to at least put some limitations when it comes to utilizing it.

However, that won't even be necessary as all I see happening anyway is that there would just end up being some coexistence in the long run. There would be some group who are into the usage of cryptocurrency and some who based on some reasons will still be stuck in fiat. One thing I see mostly happening is just having another alternative to spending as a currency.

Harmonisation of fiat and crypto will never happen. Also it is wrong to state that fiat will die anytime. Thats wrong terminology. Money or fiat money precisely will never die, it will just get valued more or may be it will get devalued with the time. Only these two things can happen with it and this is the right way to put it up. Cyrpto currencies are created under certain limitations and they will never ever replace the fiat in anytime soon. At least not for the next decade for sure because they are incapable of doing so. With the crypto being so tiny it can not fulfil the needs of real world.

Lot chance for it to happen and yes this plan would certainly enhance the business of fiats and crypto currencies. But how well the systems are going to be flexible, is the biggest challenge here.

The motivation behind inventing crypto is totally to eradicate the struggles, energies and insecure transactions. The mission do differ and each one is the competitor for each other in the currency market and how well the system is going to be amended.

Of course, there is no way any government will allow cryptocurrency to just take the lead in the country while eliminating fiat, and in a way also, it will be hard for them to want to eliminate something that has grown hugely worldwide and trying to go against it will just be like fighting something they cannot win.

The way everyone will be happy is when countries start regulating cryptocurrency, there will always be some factions that will use it as well as some factions using fiat. Also, there is no way fiat will completely end up useless, as this is an official thing most people have been used to over the years.

What you say is true I agree with you. The government is unlikely will leave their money which has been clear and real as the main income for the economy of the country.

When that's true meaning that the government wants to accept cryptocurrency as the second currency after fiat, both can be collaborated and complement each other.  In this way, bitcoin users can take advantage of the advantages of these two currencies, of course based on their individual needs. For example, fiat can be used in real stores, while cryptocurrency can be used in online stores and also transfer money from one country to another.

Fiat and cryptocurrency will work so well side by side. Though there will be other transactions that are usually run by fiat that can be replaced with cryptocurrency. But, not all transactions. So, fiat will still be significant even there is cryptocurrency already.

That seems very nice to hear but honestly that does not make sense. A economy based on only crypto does not seems sustainable. People need to get their daily necessities with coins means there must be something to pay for them and bitcoin is not the option for that. Who is going to declare prices for stuff? On what basis are we going to evaluate the things? Its a very complex thing to do and having a fiat backing to them is necessary to fix a price for things.

So in reality it seems fiat and crypto will become symbiotic and live on each other. But honestly I can already hear people saying "Bullshit" to this.

The fiat and cryptos maybe have a good chance of harmonic services to the endusers which are the customers and investors , if they will be used ether by the customers without any competition , so there will be big possibility that fiat and cryptos would go together well.

To even think plans in your proposal we should first ask ourselves if what you are asking is necessary. Come to think of it either kind of currency is destroying another kind of currency as both currencies are being used by both people. And to think that cryptocurrency won't have any value without fiat currency I think that destroying fiat currency won't even be a reality. Fiat currency, Credit Cards, Debit Cards, and Cryptocurrencies can co-exist as it won't be a threat to each other. Also most of the governments on each country also has its own plans about how will cryptocurrency coexist in their country so "harmonization" is really not a big problem.

It would be great if the cryptocurrency was officially used like a fiat currency. Of course, fiat is unlikely to ever completely disappear. But cryptocurrency may well to be recognize. This can really happen but not in the coming years, I think. But sooner or later this will happen because cryptocurrencies have occupied their niche in the modern world and will not disappear.

Yup now it is getting lower but it is now in some areas replacing fiat, because the benefits of crypto currency is more than fiat, we should try to increase the use of it, some are having better life with it and some are saving future, it helps reduce the poverty from our society, it gives more chances of earning and spending good life though. So better increase the use of crypto in each country.

I don't know about that. I mean crypto currency is based on people's demand and supply of that specific crypto currency while Fiat is based on the GNP of a country. When we use Fiat to crypro currency, we don't exactly come up with the same amount of Fiat when we sell crypto currency for Fiat. That is also considering that not all countries have a tax on crypto currency trades.

Increasing the use of cryptocurrency in our daily world and lives is something that I believe will come naturally as this space keeps growing eventually. There are so many developments every single day, which I most definitely believe that in the end, we will get to see merchants, stores, people and every other sphere of life accepting its usage and seeing it as a norm. However, I do not see a way this will be replacing fiat like some people always imagine, I only see it as an alternative in the long run, as we get to see some harmonization between the two.

Fiat can exist without a cryptocurrency, but a cryptocurrency can not exist without fiat and cannot replace the national money of the states. Therefore, if we want a cryptocurrency to exist and develop, it will be forced to walk in our world in parallel with the usual currency. There is no other way of its development.

It is not as simple, you could say this happened with fiat and electronic fiat, now most money around the world does not have physical form and instead are just numbers in a computer and there are even some countries that are thinking about disappearing their cash, but this is different, cryptocurrencies are not fiat, there is nothing backing them that is true but there is not government either telling us that it has value, it is entirely a new concept.

And governments understand this very well, they are not going to accept cryptocurrencies that easily because they know that if they do, they put at risk the system they have built and in which they are so comfortable and they are not going to lose everything just because someone created something revolutionary.

Fiat will die? Highly unlikely. For one thing, Fiat is crazy convinient to use in developing countries simply because you don't need alot of infrastructures to make it happen. Crypto currency needs internet access and not everywhere we can have internet access. I think the transition of Fiat to Crypto currency could be the harmonization you're talking about.

Fiat money will not die eventhough cryptocurrency go mainstream. They might have overlapping in functions, but there are processes wherein cryptocurrency won't work such as offlline and some businesses that needs more stable currency. Cryptocurrency will have some distinctive function such as tokenization of several assets and transactions.

Fiat still exists and will live, will not die. This needs to be underlined and will continue to run according to its role. Fiat and crypto will run side by side, for traders and crypto lovers to continue to deal with crypto according to their functions, and fiat lovers still use fiat for their transactions. So no one will die.

I agree with your idea. In order for fiat and crupto currency to both survive and not win over each other, they should at least be used accordingly. Fiat and crypto should have collaboration. Things will get easier in this way.

If I may ask, who said that is not possible? We are talking about coexistence here which is the possibility that I see in the long run and for the most part of it, the likelihood of the government of most countries, coming up with regulatory policies and then adopting and allowing the usage of cryptocurrency is something that will become a reality eventually as it is already becoming a reality.

I guess you have not heard about Japan or Malta, or more, you think they do not have their own centralized fiat system even while regulating and allowing cryptocurrency? One way or the other, we will basically have the two existing together.

The future is crypto but we cannot rule out fiat currency in any way. I believe fiat currency and digital currency such as cryptocurrency can coexist but I think the taking over by crypto would be a gradual process and thus it would take some time before it can materialize.

I do not know for whom it would be great if the cryptocurrency would be used as a fiat currency, but then complete economic chaos would begin and it is still difficult to predict what it could outgrow. We'd better not experience it. Therefore, no wise government of any state will allow cryptocurrency to replace existing national money.

People want cryptocurrencies to replace fiat for two reasons, some want it for ideological reasons they do not trust in the government and their ability to keep control of their printing habits and they are right because no government has ever implemented a fiat currency that lasted for a very long time, eventually all of those fiat currencies went to their intrinsic value which is zero.

However there are others that are only interested in the money they can make out of cryptocurrencies and they want crypto to take over fiat because they understand that if that happens then they are going to get incredible profits out of their investments, so they want that to happen for completely selfish reasons.

Fiat has already exists in the first percentage and the main overlay luôn cố gắng tìm mọi cách để củng cố sức mạnh của nó. For bitcoin, the main overlay search all way to block it, apparently to fiat and crypto go on a path will be difficult

my opinion may be the same as your opinion that I submit, I disagree if you eliminate each other, in my opinion working together to close the shortcomings for a better economic future and of course developing along with the needs of the times

Fiat will die, there is no doubt about it. It will be replaced by gold. People are getting saturated with fiat money. You should understand that there is no profit by saving fiat money because the inflation will lower it's value. Bitcoin is bank's enemy and fiat money is a product of bank. I prefer like to buy good using bitcoin directly because there is no exchange fee for that.

I am agree that cryptocurrency can not replace fiat money. Fiat money always needed by people because its about trust on their government. Its true that what happen in Japan can be a good example that crypto and fiat can be side by side and collaborate as payment or currency

Of course, at the moment it is difficult to imagine your life without cash (Fiat), because crypto-currencies are more used as a way to invest or preserve value, but times change and new projects appear, technologies that can promote the use of crypto-currency, just as a means of payment soon.

 Me as well do not certainly agree that the presence of cryptocurrency will replace fiat instead it will just set an innovative system on the part of currency which will benefit all of us who used and believes on it. I think and I believe that was also impossible to abolish fiat and be replaced by cryptocurrency because a big percentage of the whole population kf the world mostly relies on fiat currency for the reason that many nations are still not into accepting and recognizing cryptocurrency. Even if the scenario will put the statistics in favor of cryptocurrency users, still fiat cannot be replaced because the small population cannot be ignored just to take the majority decision. Also, there is an effectivity of working out using both types of currency so no reason for fiat currency to be abolish or even be replaced by cryptocurrency.

If they are combined, that's great because in countries where bitcoin is not acceptable, maybe this combination might change them.

if crypto is able to maintain rhythmic conversions and focus more on commodity assets, then they will still have a reciprocal relationship with fiat, but if the cryptocurrency tries to keep fighting with its primacy as a currency that is fully connected with real business, then it will have the potential to make fiat inflation and loss of balance

we need to think that these two currencies must remain on different paths and with different markets as well.

Ethereum will gain. Everybody believes in this cryptocurrency. Millions are ready to invest in it. I am not sure that its price will reach a thousand very soon, but it will certainly, happen in 2019-2020.

Fiat and crypto are both good in our economy nowadays.They can be used both, but removing fiat in favor of crypto is not easy and not acceptable.Fiat has been existing hundred years fully tested.
Everybody can have the options,fiat and crypto used as side by side.

I believe that crypto-currency has a great future, but, to be honest, it is too early to say that they can replace Fiat. Perhaps in the future we will more often use digital currencies as a method of payment.

It is next to impossible to combine both of them as they has totally change features and totally change use, we can take good advantages with the crypto as compare to the fiat, as we know fiat currency has been using since long but it is not that worth which can beat the value of bitcoin, so I think if we talk about value bitcoin is going to have higher value than fiat.

We have different ideas and opinion in my own I agree it is because it would be easy to transact as always if it will be crypto will use in buying. The system will involvung texhnologies and so far it will be cool as it. Though it is hard to comply by everyone but it will through process.

I am agree that bitcoin or cryptocurrency not killing national currency. Its different area because bitcoin recognized as digital asset or digital gold. I do believe bitcoin or cryptocurrency can side by side with national currency

I strongly agree, where the government joins in providing the best solution to adopt cryptocurrency as a fiat companion currency. maybe by releasing a new coin with a rate of 1: 1 with FIAT in each country is the right solution, the government as an official exchange without fees that serves the exchange of crypto and fiat, it's very super

The harmony of fiat and crypto must be established because both of them have good functions and have a future. This asset is very valuable for human survival. Fiat runs with the real world with people who have this belief, crypto also runs online with people who are already involved in the internet world.

This has been a long-standing conversation whether crypto and fiat can coexist or not, it is very difficult to prove it. The high cost of producing paper currencies increases the demand for digital currencies. In addition there are also uncertain costs that increase the cost of producing paper money. This is different from virtual money which has a much lower cost but the high cost of using digital money actually increases the demand for paper money. In this context both will coexist in the future and can be used in a balanced manner. I believe digital money has a good future and I also believe fiat will continue to be used at any time. Maybe crypto will be an alternative as a complement.

That depends on the user's preference. Average users of this forum are those who are cryptocurrency enthusiasts and are willing to use their crypto. But think about the whales who hold crypto for the long term. For them using their coins would seem like a joke, because thats not what they got in for. They are eyeing the long term pump and dump of bitcoin. So the opinion of use is divided among those who want to hodl and those who are willing to spend.

Parting with crypto is a tough choice for many. For that I guess fiat is what people prefer. ;)

Argue that it's okay, any government at the moment won't replace fiat with a fluctuating currency, as you say that a fluctuating currency will cause a lot of risk after all, so far no government will replace FIAT for crypto, that's just accept or legalize cryptocurrency as done by Japan and Japan and not replace.

I agree that both of them got a good function and need to be work together to create a  better life and able to supress the poverty, fiat is used to control the inflation and crypto being used to create more income for the people, if the government agree to adopt crypto and able to balance the usage then it can create a better quality life for all people

Governments are going to try to do everything to save their fiat currency, and if they need to lie they are going to do it, it is entirely possible that when the next economic crisis happens we are going to see many governments backing their fiat currencies with gold for some time and then later when the crisis is averted they are going to claim that having a fiat currency is better and that having a currency backed by gold is going to limit their options and the growth of the economy when we know that is not the case.

That is when cryptocurrencies come into play, cryptocurrencies are not going to allow the governments to get away with that lie anymore and people like us are going to be able to use this new form of currency all over the world without any interference by them.

I think fiat is something that should and would exist alongside Crypto.  We've been talking and waiting for a major adoption wave, but IMO,  crypto will attain relative stability when it has come to a sort of 'understanding' with fiat.  Both will become tenders for transactions in almost equal measures.  But for now,  we still have to settle for making the most of Crypto and the use cases that are on the rise each day.  Like only recently,  I paid for my meal with Tapcoin,  an alt,  and it was cool to spend Crypto on basic things as food.

Not agreeing about crypto replace fiat, anyway crypto is just digital money that has no physical form basically, so having a lot of historical value possessed by fiat money I don't think the government will eliminate their official currency and will keep alive it. Crypto only needs high legality from many countries, so I am very confident that crypto can run harmoniously with fiat to build an economy that will improve and continue to grow.

Both paper money and bitcoin have advantages and disadvantages, if they can be combined, then they can complement each other, but whether it is easy when the government is trying to limit bitcoin.

I agree that we won't be able to completely phase out fiat. For one thing, fiat is more convenient to use when infrastructures are still lacking for crypto currency. Now, harmonization of fiat and crypto couod happen if there is a bridge. Such bridges as taxes can keep fiat flowing efficiently even when crypto currency is eatin it up.

it seems that it will not happen, fiat and cryptocurrency will not be harmonious, they will always be contradictory because fiat and cryptocurrency have different creation materials so that they have become reasonable if they are conflicting.

Yes. I am agree with you, Even though their has many scuttlebut says that fiat will die and cryptocurrency is the replacement its just a humors. For me fiat is very important to all of us, though bitcoin is here fiat is still we need in every transaction we make. If you will ask me about the possible collaboration of fiat and crypto it is a good idea, who knows it can boost the economy of every country.

I don't see any problem if fiat and crypto co-exist with each other because we all know that most people are going to crypto anyway than fiat. If you remember, people used to bring a watch, camera and a calculator with them but now it all exists in a a smartphone. And in the future, people won't be bringing their wallets and credit card with them anymore because it is also going to be in a crypto wallet inside their smart phones.

Others predicted thay bitcoin and other cryptos are going to replace , the fiat currency , but the fact that the cryptocurrency is circulating in the digital world through internet access , those places that are with adequate supply of internet can utilized this crypto transactions  ,where as places with no internet access continue to use the fiat currency , so in the future there might be possibility that fiat and cryptocurrency will go harmoniously with each other.

Its spreading like a wildfire here in the forum. I am not sure if this is just a usual strategies to promote cryptos or they dont know what will they post in this forum. How come the fiat will die? Fiat becomes part of the culture in ones country. They also have their own rules and law for it. I like your term about "harmonization" this is better than saying one will die. Why they cant be just go hand and hand and be useful in the world? Harmony is one key why everything in this world is keep on going smoothly.

National money of states and cryptocurrency must exist and will in any case exist together, complementing each other. This will happen at least because the cryptocurrency is simply not capable of replacing the usual currency, no matter how much you dream of it. Yes, and no government will ever agree to give up their national money, because then the country's economy will quickly become unbalanced.

I think it will be great if fiat and crypto will become harmonize because we can used both anytime. Also I think fiat and crypto will be a good tandem because the fiat money used for your daily needs while crypto used to get more profit or earnings. And I think if they become harmonize they will be work together greatly, like when we used fiat in some transaction it will be fast because its harmonize to crypto.

In the future there will be a synchronization between paper money and crypto money, where internet usage has become a major requirement. Likewise, by way of payment of transactions between cities or between countries, only an instant using a smartphone, and directly into the recipient's wallet without involving the bank. Whereas for day-to-day expenses still use fiat money, because the transaction is still traditional.

if I work together to be able to produce better and more beneficial results, I think it's good to work together to complement each other for better development

They are good and helpful in economy. We would not make things more difficult. Fiat currency and digital currency are two different assets but they have only one usage, that is to transact person to person. I use both of these in different ways but I use them efficiently. I buy goods using my fiat and I invest and make money using cryptocurrency.

I am agree if fiat currency collaborate with cryptocurrency. It will creating a new economic system and i am believe people will have more choice. With cryptocurrency, we can travel to others country without worrying carry much money or convert it to local currency.

right, on the other hand it can provide space for cryptocurrency to develop, because of course there will be many stores that facilitate payment through cryptocurrency. so that more and more people will know it, to use it

the collaboration between crypto currencies and fiat currencies and complementing each other between them I think can make economic development that will grow very rapidly

It will be a great thing for both the fiat and crypto system to work together. There is absolutely nothing wrong if we continue using fiat for instant cash payments while reserving crypto for online payments and transactions.

I don't think fiat will ever die as opposed to what other people are talking about. Cryptocurrencies are just an alternative for fiat as payment for online services and goodies and other stuffs. But it's a good case if we have a hybrid currencies where cryptos and fiat are at work all together.

The existence of cryptocurrencies is clearly a complement to paper money, because users can choose which is easier to use for payment. Because today's society's tendencies are all online, of course cryptocurrencies  is easier to use. But for countries that are still underdeveloped, paper money is still the main thing because the infrastructure for the internet does not support the use of cryptocurrencies.

    Co existence of FIAT and CRYPTO is a long hope to realized by everyone in this crypto community globally. We can never say if this Speculation can be attained on the issue of the government to Regulate and further be used by the consumer's. Yet, the increase on the global awareness on the trending use of crypto either on market investment or consumer's transaction would have some good news to the government to reconsider on the issue of Regulation.

I understand that most likely that is that the reality that we are going to see for a long time, but that does not necessarily mean that it is always going to be the case, in my opinion fiat currencies are one of the worse ideas that humanity has ever come up with, but governments love it because they get a huge advantage by having fiat currencies and being able to steal from their own population, but slowly people are realizing what a bad deal fiat currencies have been to them.

And many people are waking up to this reality and are realizing that it is better for them to hold cryptocurrencies and if they do not believe in this market they can settle and hold gold and silver which is not a bad choice at all especially taking into account their good track record over all the history of the world.

Well they will not contradict and can actually survive in the same pocket. It I just the difference in the physical shape and the nature and the purpose is nothing but the same. But I am speaking this for the short term and in the long term, when the technology would expand, crypto will be one of the strongest rivals to fiat. But that will take long time to happen because the expansion of technology is way too slow.

FIAT and crypto could collaborate, there no way that people will immediately thrown FIAT away to be replaced by crypto. There's a lot of things to be considered first.

The cost of fiat money depends on the country's economy. If this money is made digital, then nothing will change much. There will be similar digital money that depends on the country's economy. It's too early to talk about the death of fiat money

I think they can go side by side with harmony but only in the countries which are developed and there is big contradiction about this in underdeveloped countries. However, it would both encourage crypto use and reduce the use of fiat.

Yeah why do people always compare and speculate with each other who is superior? even though using and combining fiat and crypto it will be very beneficial for both, your investment or financial transactions, dont need to drop each other both can coexist

but now people prefer online payments for the convenience of large-scale transactions, they still have their own markets where fiat is very popular for offline and online services on a medium scale.
allows them to walk harmoniously without having problems in the transaction.

Cryptocurrency will be forced to go along with the national money of the states, since it is not intended to replace cash with itself. It is simply not able to do this because, unlike the cash of the states, they have no connection with the economy of any state. Therefore, no government will ever agree to replace its national money with a cryptocurrency.

Personally, it is more likely to happen and it’s completely suitable for these two currency to coexist and serve for our demand. Because as we all know that we are living in advanced technology era, digital currency is such a mainstream which represents for the world of  technology. Both fiat and crypto currency bring us benefit. Although almost all governments impose a ban on crypto, it’s still accepted by some countries and some big business gradually.  Moreover, people seem so much keen on using bitcoin for paying for commodities or services and the like. Compare to Fiat, bitcoin is just on the earlier stage, but still goes forward. Many people from various places of the world aspire to use bitcoin officially. Thus, if we can use both Fiat and Cryptocurrency for payment, it’s such a great thing that make many people feel satisfied.

Cryptocurrency is still not so stable and still depends on fiat and losing fiat would mean disaster to the system. Should cryptocurrency totally replace fiat then it could happen that regulation would now be possible. Anonymity would probably be affected which I think is not really going to happen for now. So that I would say and think that harmonization would be the only be the best thing to do.

Eliminating fiat totally seems impossible because it is gained the support of the governments and the governments draw power from it. Crypto does not allow the governments to have this opportunity. With this, crypto can only work together with fiat when it is subjected to the regulations of the governments.

I believe that crypto would not be able to eliminate fiat but instead it would be used together with cryptocurrency because the whole world is not yet ready for the automation of digital currency. If this would be implemented then those places wherein the usage of digital currency is not possible would be left hanging and the only choice they still have is still to use fiat because its the only way they would be able to have a medium of exchange.

Collaboration is always better and more fruitful. And we can see a great example of fiats and cryptos co-existing in Japan. Initially, cryptocurrency was designed to replace fiat money but it will rather be a solid alternative.

To anticipate the digital technology that is certain to come, cryptocurrency is ready with blockchain technology that accommodates users in conducting trade transactions, making it easier and more efficient. Unlike transactions using fiat money uses a lot of costs, is longer and is not transparent. But both systems have advantages and disadvantages, so they complement each other. Because cryptocurrency remains an alternative payment tool, after fiat money.

I think it will be great if the fiat and crypto will work together because there possibility they help each other especially when it comes there value. And possible cryptocurrency will be more stronger while fiat will be easier to used. But the only problem is if fiat and crypto collaborate then surely huge changes will happen in both of them.

Cryptocurrency will never replace fiat unless governed by governments. Cryptocurrency is now falling in demand due to the fact that the market is falling and this once again proves that we need a fiat and without it we cannot live. When the cryptocurrency comes to a new level and will be supported by at least the majority of governments, then there will be a chance that fiat and cryptocurrency will be able to create new opportunities in the global financial system.

right, government decided that. but seeing the current conditions, there are still many governments that have not been able to receive it, so it needs proof of cryptos to open their eyes

Well, I don't believe that Bitcoin or any other cryptocurrency will replace fiat currency at all. The basic requirement of using cryptocurrency is the ability to use the internet and connectivity. However, we don't have an impressive rate of literacy especially when it comes to technology and hence fiat would continue dominating fund transfer sector. At this stage, the crypto users are exactly doing the same by harmonizing the crypto and fiat currency.

I fully support your opinion, but do you think that by the 2030, for example, cryptocurrency will be able to replace fiat money? By that time, I am sure that technology will allow us to live without other currencies.

Harmonization is what will enhance the existence of the cryptocurrency, this will only happen when government globally has a stack in the decision making for this to work out, thou crypto is still evolving and this might not happen soon.

I am agree that fiat and crypto will collaborate side by side in the future. Cryptocurrency will not kill fiat money but its alternative currency with more security. I am believe government will approve cryptocurrency but will not kill fiat money

They are always comparing fiat and cryptocurrencies because both are a form of money with different characteristics, it is very clear why governments prefer to have a fiat currency because they can get away with printing as much of it as they want and they are able to tax all their population that way but we have seen what happens when the government losses control of their currency and people lose faith in it.

Which is why most of the users in the forum prefer that cryptocurrencies take over because that will mean that governments will lose control of the currency and they will not be able to cheat their citizens again that way.

By the collaboration, I here pick that the mutual existence of both Bitcoin and fiat and that is already happening in economies where Bitcoin is being used. In addition, they might stay around for long without fading.

Fiat will keep needed by government. In some area with no internet connection, fiat very usefull. I am believe if government regulate cryptocurrency, fiat money still exist and people can use both currency at same time

Do you think it will ever happen in this government setup? They are in line with allowing criminals run away with people's money and they dont care about the common people's money. The government propaganda is just to make sure people dont get out their control and so they wont allow people to ever transact crypto in peace. Unless there is some huge economic overturning of tables, we can forget about any harmonization.

Fiat being totally regulated it would be tough to control crypto in a similar manner. There are a lot of difficulties that we at this point cannot forsee but can hope for the best.

I had imagined that crypto would replace fiat, when I imagined that crypto is a modern one that would make transactions easier for us while fiat was very old. But I realized that it would never happen because several countries are strongly prohibit crypto from entering the country, so the state government can firmly keep the fiat to maintain the stability of the country’s economic. There are some countries consider crypto as a threat to fiat, because the government is having difficulty to regulate if it has entered the country. And some countries are able to regulate fiat with crypto which in my opinion many people ta (http://rumahmu.com)ste the benefits of fiat collaboration with crypto.

Together Using crypto-currency and cash as a means of payment is more likely than the disappearance of Fiat or crypto-currency. But how events will develop in reality - time will tell.

Even if we see a collaboration between both fiat and crypto in the future, many countries do not accept crypto wholly. Because economic power of countries are not equal each other and if small countries or developing countries accept such a thing they will become toys of economically strong countries such as US or China.

like in my country which is a developing country, currently there is no juxtaposition between bitcoin and fiat currency. bitcoin has only been fought as an investment tool, but hopefully in the future it will be in harmony

I am agree. Fiat money or paper money will always exist maybe in digital money that controlled by government or central banks. It will be good if adoption on cryptocurrency happen because it will increasing investor confident and market must be more attractive

yes it is a good idea like Japan. Japan has legalized bitcoin as a legitimate payment instrument but Japan also does not eliminate the yen. yen can still be used as usual. in my opinion this is a proof that cryptocurrency and fiat money can collaborate and can have a positive impact on the country's economy. and Japan is among the richest and most advanced countries in Asia.

No state will ever dare to abandon their national money and switch to the use of cryptocurrency. Therefore, the cryptocurrency can never replace the usual currency of the state. Cryptocurrency can exist only in parallel with the national money, complementing our financial world with the advantages of these payment systems of different nature. Given this, even small developing countries can successfully use cryptocurrency to improve their economies.

That is because fiat money in each country has been recognized by other countries in the world, but it is different from bitcoin, which most countries in the world have not yet recognized. therefore bitcoin is equal to fiat money, I think it's a good position

As in the Op, bitcoin evolves as an alternate. It won't replace the entire fiat system that we've been using for centuries. As years pass more and more governments will support the cryptocurrency, as a beginning more countries have already developed their own cryptocurrency for usage. In the future there won't be any collaborative effort to develop a financial system. From my understanding the blockchain technology will be used widely to make the financial system functional in a perfect manner.

internet has grown to 55% coverage of the world population. It gives an idea of how many people (4.2 billion) cryptocurrency is liable to reach. The focus now should be how it will be useful to anyone who tries to use it and what could bring the preference to fiat. I have always supported bitcoin ATM, which should be adopted on many other coin, for exchanges and other uses. Bitcoin ATM machine doubled in America last year but what happens to other countries most especially larger population in Asia and the rest of the world.

I don't think it spends time with crypto or bitcoin because I have a reason that bitcoin and other crypto currencies have not been fully recognized by the government and there is no guarantee of great security

I actually see the world now as a mixed mode of payment of fiat and digit money composed of credit and debit cards, and other channels like paypal etc. Adding bitcoin to it doesnt change anything and doesnt have any big deal. This is also the reason why i dont know why government ban BTC and others still not consider it as a mode of payment.

There are also digital moneys which are in use extensively and easily controllable by goverments. Even though crypto currencies have many advantages when compared with them, goverments ignore these advantages when it comes to control. Digital and cryptocurrencies will co-exist for years and becoming superior for cypto currencies may take so much time than we expect because of resistence showed by goverments and banks.

For the future, it can happen using fiat and crypto together, where there are no more problems because fiat is a traditional payment while crypto functions digitally. People are welcome to choose which one to make payments.

I agree with you to not kill each one's system to reach their success of being used for any transaction and I think I will agree in fiat to collaborates with crypto in building a future financial system. That fiat still can use by those people who's not aware of using Crypto and I think they can both still useful in any form of transaction offline or online.

I agree with you
I also think we will have further integration fiat and crypto
Behind crypto is technology what can be also used by fiat money services
Now i hear more and more voices that blockchain can prevent many financial frauds and hacking
Current fiat economy needs reform but our crypto economy also needs reform

it looks like fiat and cryptocurrency have very good relationships and you can use them together and you can exchange between fiat and cryptocurrency in various exchange places.

it could be, just imagine in the future when all the sophisticated tkenologies emerge, and finally all transactions are received and done online, crypto is the best solution. because each country can have their own crypto and the value will also be different for each coin from one another, meaning that each country will also have a different coin exchange rate.

I agree with you.. I think it also okay if it is combine using fiat and crypto at the same time.. depending on the situation they can do more because as we all know crypto is not always in good condition most of the time it changes and fluctuating from time to time while fiat stick it currency it s value.

I always use fiat but I also use the cryptocurrency. In the nearest future, the crypto will become something like a norm for all people. The guys will spot to be so skeptical about it.

Cryptocurrency can never replace the national money of states. She is simply not capable. On the other hand, such a replacement should be a decision of the states. However, no government will be so stupid as to give up its national money, because it will actually mean a collapse for the economy. States may unite in various alliances of the type of European, but their currency must have a connection with the economy, and the cryptocurrency cannot provide such a connection. Cryptocurrency can only walk in parallel with the national money of the states and no more.

I hope that too. by familiarizing ourselves with using cryptocurrency and fiat currencies. if done simultaneously it will certainly be a concern of the government. but unfortunately in my country I have not been permitted

soon in your country will allowing cryptocurrency usage.i heard in many countries their government starting evaluate cryptocurrency.and they think if they legalize it will give them many benefits.

Hard for cryptocurrency replace fiat money in our current monetary system. With current system, central banks control the money supply and central banks must be wont loose control on it. I think crypto and fiat will used side by side

Of course, a quick replacement of fiat cryptocurrency will not happen. Most likely this will take a decade. Such things can not pass quickly. But if cryptocurrencies prove their advantage over fiat, then displacing fiat will be just a matter of time. This is evolution. Remember the story. People minted gold and silver coins, then began to issue paper money, which was provided with gold, then they also refused to provide money with gold and began to provide the currency with state assets. The financial system, like everything else in this world, is evolving.

Exactly, why make the fuss about it when you can use both? No need to eliminate one, thus it will bring more progress in the country. The fact that fiat will be here to stay for hundreds of decades while crypto as a young currency that will kill inflation.

Just make these two work and we might know, this could bring more grow in economy.

Today even though many people have been combined both, and the results are far better than using just one currency. there is no need to drop each other which one is better between the two, while using both of them simultaneously, provides easy transactions for you

right, with the many choices of payment methods, of course, make consumers more free to choose. and I think this will have a good impact on the pace of the economy. Of course to drop fiat at this time is very difficult, even impossible, because it requires approval from all countries, because bitcoin does not only belong to a country

all possibilities can happen without us knowing what it will be but in my opinion replacing the function and position of fiat currency or in other words replacing fiat currency I think it is very difficult to happen if the economic system is used in developing fiat and economic currencies I think maybe with crypto

What I feel is that, if crypto can also be in hard copy as Fiat, withdrawable from the ATM it will work. But the fact that it will remain as digital currency, it will not work.
The way we make exchange with bitcoin into fiat is still the next option which can be maintained.

we also don't want to drop fiat, because many people live from fiat also. let's now live side by side peacefully. if you want to use
bitcoin then use it without vilifying fiat and vice versa, we can use both and thats much better

right, however fiat is present before the existence of bitcoin, so for the first time of course it must be able to be side by side, only later will the people who judge it, of course the role of the dominant government here

I forsee an increase in the adoption rate in the near future that will takes place through  regulation and policy formulation, which will allow both fiat and  CRYPTO to be traded with ease, with  both adding value to each other

indeed for the closest step is crypto can be traded on the stock exchange. but there are still many countries that have not been able to legalize it for transaction tools, so that side by side or as another option in payment still needs more time. hopefully with a high level of trust, the government will legalize payment

There are many other things that the crypto world must do to trust all of your governments in the world because it is true that there are some countries that do not agree with crypto in their country.

I dont think fiat will replaced by crypto. There is no institution control bitcoin and thats why hard for bitcoin replace fiat money. Fiat money always needed by government because its more easy to control the price and its related to economic growth

New systems in the world of economics are not a threat, but a new system such as bitcoin must be adopted to help overcome problems when using fiat currencies. I imagine in the future there will be digital form like a crypto, this will be a very perfect progress in the world of economy.

yes I agree with you if the government allows crypto and fiat together to be good. but I think it is difficult for the government to legalize crypto. because they were afraid that crypto could threaten the government's banking system. and fluctuating crypto values will be difficult if used as a means of payment for goods and services. so for now crypto in my country is only used for investment and trade.

I guess they are both going to be used, but as time goes by, one of them will start to overtake the other, causing the other to disappear completely and winner will be most likely crypto.

possible as you explained, but it takes time for that. of course this is not separated from the role of society as well. of course they can choose later between the two most profitable

I also disagree, I agree more if crypto remains a valuable asset and can be exchanged to fiat as it is already running. it will be better than crypto being the currency itself.

maybe that is the reason why crypto currencies are created because it is needed in the future to become an economic system that uses advances in technology and time and may also cooperate with crypto currencies

Some governments maybe threaten to crypto and this can be the reason why they restrict the use of it while other governments are now allowing the use of cryptos because they see its usefulness   . they think that crypto can improve the economy . im sure that others will also unban crypto and crypto in the future will soon colaborate with fiats for an even better payment system .


What you are saying is already happening . crypto can be used on both asset and currency use but its only depend on the user if what usage will he prefer for his cryptos .

Fiat is a government-controlled currency that was born hundreds of years ago, while crypto currencies are decentralized currencies, and as we all know if the government always wants to control their currencies, it is not possible to control the currency crypto. therefore for now Fiat and Bitcoin will always be side by side because they still need each other.

The only situation that will make cryptocurrency to have a fertile ground to grow alongside with fiat is our Government to give us freedom to use any currency of our choice. People that like fiat should continue with their fiat while those in support of cryptocurrency can use it. We should not be force to adopt any particular currency.

maybe it could happen because the fiat currency also requires an economic system using advances in time and technology and even then there is a crypto currency but what happens in the future no one can know

Fiat would still remain no matter what.They would either harmonize or not but currently seeing the situation of crypto.They do gain value basing on fiats which means they wont really be totally
independent once fiat wouldnt exist on the first place and knowing this old traditional system would be much always prefer by most people.Crypto is just an another option to have.

Of course, there will be no quick replacement of the existing conventional cryptocurrency currency. Most likely, this will never happen. Replacing a conventional currency with a cryptocurrency of states will be possible only if there is only one super-state remaining on planet Earth or a single control center is created with the union of all states. As long as there are states with different economic and political interests, they will have their own currency and will react hard if it is in danger.

But sadly government will really force out to make a choice, how? if they ban crypto, so we are at their mercy. We all know that crypto brings some much freedom on us, but there are governments that doesn't allow their population to take advantage of it that's why they are totally against crypto today. The only choice we got is to go to other country that supports it, that is if you are willing to take that risk.

Yes! I think this is the most correct option. The idea is to radically change everything, get rid of fiat money and use only crypto - this idea is utopian. If you do everything smoothly, using the advantages of both fiat money and cryptocurrency, then no problems will arise.

There will always be problems with either of the two and some people will always find ways to blame one another.

But does not mean that crypto will not stay or fiat will not remain. Fiat will be there as long a different mode of assigning value to crypto is not found. Maybe gold will be there but still there has not been any such advancement except that few altcoins were released which were backed by gold. There will be governments and they are always anti bitocoin and so fiat does not have any place to exit even if it wanted to.

I strongly agree if the existing currency, fiat, will collaborate with digital financial systems such as crypto. Fiat currency will not be replaced even though there are now various types of crypto. both of these currencies will be very useful for us in various conditions, so that they will complement each other. currently digital currency is very necessary, but its existence will not disturb the fiat currency.

Fiat currencies will exist forever and it is very unlikely for bitcoin to be adopted by all nations.
It is good for both ecosystems to be harmonized and the one help the other in order to help the economic growth of the global society and push economic growth forward.

Both can collaborate, I think, but they can't be joined together. They are both different things and there is no way for them to be joined together, one is the main currency and the other is not. You make use of fiat to invest in cryptocurrency because cryptocurrency is an asset and not a currency .so they are just two different things that can't work together.

All these people saying that fiat will die and will be replaced by Bitcoin are just a set of confused people, like seriously. What makes you think that Bitcoin is better than fiat or that fiat will be replaced by Bitcoin? I know that some are saying this based on the experience they have had with banks, but sometimes you're wrong. I do like Bitcoin, yes, but I don't expect it to replace fiat cause that's not going to happen.

Paper money in the future will not be. Each state will have their own crypto money. Which they can control.

if the state and government have legalized the crypto currency as the prevailing currency, I think that cooperation or the government adopting the economic system used by crypto currencies is likely that the economy will progress very rapidly

In the near future, the percentage of using non-cash forms of payment will increase, including due to an increase in the use of cryptocurrency. However, the paper money of the states will not disappear. They will always be in demand by certain layers and groups of the population. High-tech states with a high standard of living may try to give up their paper money, but I'm not sure that this experiment will be successful.
However, states will never give up their national money as a whole and will not switch to the use of cryptocurrency. Cryptocurrency will always go to the states along with national money and they will complement each other's capabilities.

I would agree with your first point but not with the second one. Every country making their own crypto currency is nothing different from every country printing their own currency for payments. What would be the difference between some USD and a digital USD if that is being phased in? Literally nothing and the problems with inflation and bribery will continue on a large scale. Bitcoin is something different from this approach of digitalizing money. Its about a system where the consensus does not depend on a central mode by is decentralized. You should go through Satoshi's whitepaper properly.

They may or may not. A government adoption also means that the usage of that crypto will now be strictly regulated.

Fiat and crypto will continue to co-exist because they complement each other. The government certainly does not want to lose control in the financial sector but cannot avoid crypto development. Crypto and fiat can collaborate but will not become one, both will remain harmonious and will not kill each other.

I fully agree that crypto and fiat can and probably will in future complement each other. Without fiat I cannot think of anything that can be decided up as a price determinant for crypto. Other than that its only becoming a bagholding scheme for holders and speculation of the price at which they will reach and drooling over that.

In real time how much adoption we are getting and how far merchants are willing to accept bitcoin is still far from anything good. Lets be optimistic about the future and think about new ways to promote crypto among the common folk.

If the normal currencies are not been in our part of the economy it will be a huge problem for every country to survive so the people in the country who don't know about the online and the internet development will definitely don't know how to use the cryptocurrency sofa them both are important they need to learn about cryptocurrency and also the normal currency will helpful for them to make their life easily.

I think if both these currencies combined together the future will be more appropriate for everyone to do proper things if they are uneducated people also to use cryptocurrency like normal currency if it was definitely happen in the future there will be lots of new things will enter into this economy and made more powerful ever.

The main problem with fiat is the way the central banks decide to print money whenever the stock markets dip.

Cryptos can't be printed at will like dollars can.

Just a few weeks ago the Chinese stock market dipped hard and everyone was concerned. Suddenly the CBOC emitted U$ 200 billion in new debt, the money flooded the market and pumped the stock prices up. Everyone was euphoric.

The Fed basically does the same since 2008. Whenever the markets aren't doing well they print more money.

How is this system even legal?

There's no way you can harmonize that with the fiscal transparency of Bitcoin. You can't print Bitcoin at will whenever bankers and politicians tell you to.

the development of cryptocurrency in recent times will definitely affect the normal currencies in every country but the solution for this will only the collaboration is possible with both this currencies compared to that only will make a future with a brighter economic situation and it will be possible if the government supports for the cryptocurrency

I also not agree and i think that both will work togheter for long time as bitcoin will be used for more and more people and governments will still want to use fiat money, because is easy for them to control it.

I also often read various threads saying that crypto will replace fiat. So I immediately had thoughts like this :

"If fiat is replaced by crypto, how can we measure crypto prices in various markets because it will make it difficult for people who carry out crypto trading"

I agree with you that crypto and fiat should collaborate so that the world economy can continue to develop to advance the world financial system.

with each opposing system the government still wants to maintain the current fiat currency. therefore if cryptocurrency can be coupled as a fiat supplement, I think it's good enough

I am not sure about anything over taking either one, they will co exist and the combination of both these financial structure will make things easy for everyone, no government will not get rid of their economic system to be decentralized and hence fiat will exist and bitcoin will be another mode of payment and transaction model for international trading.

yes I agree with you if both can walk together (crypto and fiat money) why do you have to remove one. both can support each other and the government should make a rule so that cryptocurrency is not used for criminal acts. some countries have proven the use of bitcoin and fiat money can make their country progress. like Japan and the United States.

besides, I think the fiat currency will still be maintained by the government, because we know this currency is easy to control, with its centralized system. therefore if the cryptocurrency gets a place, I think it's good

Forget about governments. They would never accept anything that is going to be good for the people. They just want to tax the hell out of you so that they can pay up the politicians out there who do nothing and eat away at people's money while giving false promises about doing a lot of things like changing the entire city all of a sudden.

Supplement is also what I feel can happen. Fiat wont go away and crypto will remain popular. So if there is better modes of transfer and a bit of leniency then it can be something worth putting your money in in case you are a nocoiner which I am sure many people visiting this forum are.

I think both the Fiat and the cryptocurrency was been good at the future it need to be calibrated then only the future will be more peaceful and proper way of guidance will always been helpful for the changes happening to both of these coins was been positive.

I also dont believe that fiat will totally die. Because there will always people that like traditional items. Such as usd gold etc. But ofcourse crypto will take a big slice from the cake.

And do not expect. Cryptocurrency will take such a piece of cake, which will be allocated to it by the states. Fiat will exist as long as there are states on Earth with conflicting economic and political interests. Until this time, fiat, especially in non-cash form, will definitely exist. As for cash, some countries with high incomes of citizens may in some time try to get out of the cash zone, I really can not say how it will end.

all possibilities can happen and no one can find out and it is also possible that the government will adopt an economic system that is used by crypto currencies along with the times and technology

Fiat and crypto will continue to coexist because the governments certainly do not want to lose control over the financial sector yet cannot bring down the development of crypto. Paper money will certainly get out of the system because they are cumbersome to carry along as compared to digital currencies. There are already some projects like HubrisOne working on merging crypto and fiat on the same platform.

Fiat is already been used for ages now and it will be replaced by crypto currency. Both the fiat and crypto may be used for some time (as we are using both of them these days), but in future the use of fiat will be less and limited.

The perfect financial situation for me is that a person has a good bank account holding cryptocurrencies and a lot of cash as well. I guess crypto will become as popular as traditional money.

They do collaborate. Without fiat how are we going to know the value of crypto and what will be the basis of pricing? One will say bitcoin will be the basis and how are we going to determine the value of bitcoin? Fiat will not disappear it is supported by government and with the unreliability of cryptocurrency it will make it stay unless in the future they decide to make their own country's cryptocurrency and totally abolish fiat.

Governments dont want people to use crypto. Thats well known and even if they accept blockchain technology so that it can be applied in different sectors use of bitcoin is something they want legal persecution in. They make their stand very clear about this in some countries while it remains a grey are in others. While its better not to speculate on this topic, if it happens in reality that many countries accept bitcoin then its going to be a really bullish move.

LOL a bank account holding crypto? are you insane? You hold crypto in their respective wallets and only "green" cash fiat in banks. Well someone who has both in big amounts is definitely rich no doubt but rich is again a relative term. ;D

Fiat and cryptos will coexist for more time to come without a doubt. But with technological advancement  it won't remain the case. We will shift to better and more secure payment methods and then fiat will go away automatically. We might even see better paying mechanism than cryptos as well.

There are only a few assumptions of people who think that both of them are dropping each other, in some countries bitcoin is legalized and side by side with the local currency as legal payments, and both are harmonious, bitcoin is an option and it doesn't matter

Fiat, like cash, may someday die, but this will not happen soon, and it is not yet known whether it will ever be at all. However, in any case, the national money of the states will always exist until there is only one super-state or alliance of states on the Earth that create their own currency like the European Union.
Until this time, the cryptocurrency will go in society with fiat.

Banks will not allow this to happen. The only thing that they can and will try to do is to become intermediaries, between the crypt and fiat currencies. This is the most ideal scenario in which they control not only fiat currency but also part of the crypto market.

Cash transactions will probably be dead and not really fiat.  Fiat is simply a government controlled currency. I do not see governments handing off control of currency anytime soon. Even if major currencies like dollars becomes extinct and the government is able to control few cryptocurrencies , the cryptocurrencies definitely became the new fiat currencies.

In our contemporary world, the use of fiat is still a necessity and as such there need to maintain harmony between fiat and cryptocurrency is very paramount. Not all the businesses and companies out there accept crypto as a form of payment hence the need for crypto-to-fiat and fiat-to-crypto conversion is still important. Crypto and fiat must be allowed to coexist instead of wishing crypto to replace fiat.

I like to think we have both options to use as currency: a centralized one and a decentralized one.
One doesn't need to kill another. I think it's not necessary to be so radical on this matter, this way we are able to benefit ourselves from the advantages that both of them have to offer. If fiat died and we had only btc and altcoins (decentralized) we could become hostage of whales and speculators in general.
In other words you would get rid of governments control, but you could be controlled by this other group.

indeed, to use crypto in full, it is still a difficult thing. but with both of them used, of course we have 2 options in payment. by walking in harmony, I think both of them can develop well

I do agree, but i do think fiat will be replaced by digital money. I believe it will and will happen in future, the only questions is how many years it will be?. I do believe fiat is only a paper that considered as currency and i do think we could think the same way for cryptocurrency as a currency, we just need a good coin that are usefull and backed by goverments which is stable and act as good as the fiat that we hold right now.

Fiat is going to be much more around for a large part of the society, but in the future, trans border transactions and remittance will make use of crypto as an option to the fiat, because of its fastness and low fee. No wise human is likely going to keep sending money and incurring such a huge cost in transaction fee.   

I don't see Bitcoin replacing fiat not even in the next 10 years, they are two currency with very different functions, they can do cooperation which is what happening right now, but I don't see one killing one or making the other one disappear, in fact, it will work to our advantages if they co-exist.

It can be harmonize as long as the both sides are stabilise in terms of value. In my opinion crypto and fiat system should help one another to evolve our current monetary system, I don’t think killing the banks is right but to improve banks transparency might be the right words.

and that is all I think can be done by the government that plays a role. I think with the policy the government can regulate both so that it can run in harmony. and that is what we hope for so far, so that crypto can develop well

I do not believe that fiat money can be replaced by electronic money. Because there are so many people who can't understand technology and that's the majority. People in the mountains and remote areas, they will not be able to get the network to pay for a certain amount.
I think that both should be integrated and it will help society move faster.

In any case, Fiat and a cryptocurrency can exist simultaneously and at the same time have quite a lot of contact.  And all the talk about replacing the cryptocurrency of all fiat currencies is nothing more than populism.  in any case, until at least 2 generations change, the cryptocurrency will not have a leading position in the economic and financial sphere of the world.

I don't see virtual coins replacing fiats someday and a future with only cryptocurrency as a national currebcy is very remote. But I believe that fiat and cryptocurrency can coexist and become partners instead of competitors. Banks and governments can also use blockchain technology to improve their various services to their clients and people respectively.

Government does play a role,,, but to me only in adoption. If you allow self regulation between crypto, and let businesses grow without restriction, then yes adoption can happen quicker and people can pay taxes and economies grow. It is win win for everyone. But restrict or ban, and people use them anyway but adoption is slower and government gets no taxes. Lose lose;)

I doubt that crypto can replace fiat completely during our lifetime. However, I think that replacement of 10% of the market is perfectly possible. That would mean 8 trillion USD market capitalization for crypto. Notice, not $257 billion, as it is today, but $8 trillion. In that case Bitcoin can cost roughly 30 times more than it costs currently, or $240,000 for 1 BTC. I've seen similar price predictions based on another logic, and I think they are not that unrealistic regarding the possible Bitcoin price.

When government supports something it gets popular by itself, so I think it will be regulated will be good, government can see there is good benefit of crypto currency in our life so they should have support it, for me there is no harm for human life infect it is totally beneficial, I am sure later in future it will become well developed.

As long as states exist, their national money will exist. They cannot be replaced either by cryptocurrency or by any other currencies foreign to the state. Those who write that fiat will be replaced by cryptocurrency do not understand the simplest economic laws. Cryptocurrency can only go along with the national money of states.

Nothing of the two types of currencies are going to die.
Each one of them has its own user cases and serves the needs of different niche markets.
They will both exist with different people using them for different reasons. Having said that, both ecosystems are going to exist.

The harmony has already began with lots of cryptocurrency projects like HubrisOne working tirelessly to provide a banking service which integrate both crypto and fiat. Stock exchange also allow the trading of crypto. With the implementation of KYC and the emergence of trust, hopefully the governments will legalize crypto one day which will boost the harmonization of cryptocurrency and fiat.

With the situation of every nation at this moment, not all country are pro-crypto. But there are already many nations who are allowing the use of digital currency in their country. But just because they are pro or against such doesn't mean that one will die or not be used at all. I think, with 'harmonization', it could mean the existence of both currencies and being able to use both of them as a mode of payment. I mean, like an option. It can be up to the people which one they will use; either fiat or crypto.

The combination will create a great market and is much more convenient than replacing fiat money.
Fiat money has been used for thousands of years and it is a human habit that we cannot change that habit in a short time.
Therefore, in order for blockchain technology to reach its full potential, people and governments need to collaborate with technology and create a habit of using cryptocurrencies and fiat money.
That will create a better society, richer in terms of money and payment methods.

When talking about systems, the new system will be better and so far the blockchain and digital money systems have become more popular in terms of transactions. So, there is nothing to shut down the system between them because everything is still going well and about harmony, I think fiat and cryptocurrency will remain for a long time and the future will definitely be better.

I disagree with you on this, the reason behind why people don't understand technology is because of our lack in financial support, the government is not even taking the rightful action on this, they are just letting people starve to death, not all of us do have money to have a degree, house, laptop, internet at home to learn about this technology that is rapidly evolving every year, one of greatest invention is cryptocurrency, Bitcoin as the first of them all.

once the government decided to make cryptocurrency as the fiat for future, people will don't have any choice but to adopt it and study it, problem solved.

I don't think that fiat will be replaced by crypto. Not in near future. Bitcoin still holds a some kind of mystique that is difficult for both merchants and consumers. Until that time comes, crypto payment methods might as well serve as an excellent addition to current payment options.

I think that would make a better future for both. Having crypto and fiat in harmony together with the legalization of crypto all over the world would promote great convenience and hope for all the people in the world. We all want to have crypto up until the future so let us not be too demanding on how it should go someday or else we'll end up getting what we don't want.

The fighting between fiat/crypto fans begin with the born of crypto, sometimes it was silent, sometimes it rages again.. the question was simple whether crypto and fiat can coexist or not, or there should be only one.
Both worlds have their advantages and cons.. Some think that using fiat money will lead to total control, while using crypto will allow to stay anonymous. But I think there would be some kind of symbiosis..  both will coexist in the future and can be used in a balanced manner.  I guess it will split in some fields which will highlight pros from fiat or crypto has.

To answer your question, fiat and crypto coexist now, you can use fiat to buy crypto, and vice versa. You can do it in more then one way, wireless or with cash. The question that arises is what FIAT stand for, and what CRYPTO stand for?

"A monetary system is the set of institutions by which a government provides money in a country's economy. Modern monetary systems usually consist of the national treasury, the mint, the central banks and commercial banks."

"Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems. The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database."

This two definitions can be found on many places, simple google search will show them. Basics!
Now what we know about governments across the world? Banks, central banks, national treasuries? Most of them are corrupted? Most of them works for big corporations? Both of them keep the people in the dark? Rich people are getting richer? Who start wars and who make profit on wars?
What we know about crypto? It`s an internet based medium, it`s leverage blockchain tech to gain decentralization and transparency.

We choose what we are going to support. It`s not the question what will happen with fiat, it`s question for how long it`s going to last, next 5 or 10 years if we are lucky, more then that if we don`t have luck. Cause we need to have better global economy, we need more trust between people of the world, that can only be done with the help of blockchain.

Actually both fiat and crypto prosper with abundance so I would except great times head for both of the currencies. Cryptocurrencies are not here to replace fiat or at least not for now or any time soon but instead cryptos volume and capital is based on fiat and we must admit it.

Harmony between this 2 is already happening as we see banks implement blockchain technology, getting involved into coins, making big investments for development and all of this feature leads to a relationship between them who is ain't gonna break any time soon. ( ofc there is always the 2nd scenario when the amount of money getting into crypto will surpass the amount if money withdraw from crypto because that would be first sign that people are not selling anymore ). You can't buy cryptos without fiat, even if you say but I sold my TV and bought bitcoin, you're right but that TV was bought with fiat and even if was not bought with fiat the original investment that lead to you owning that TV was bought with fiat at some point.

Cryptocurrency will be forced to coexist with regular currency, since it is not able to replace it. For ordinary users, this will also be convenient, since bank payment cards will have regular currency and cryptocurrency immediately. These currencies will complement each other's capabilities. The harmonization process is almost already underway and states will be forced to support it.

forced ? hmm no i dont think so.  crypto are not having an ambition to replace fiats but people are the ones that will make a decision if what currency will they be using.

states or u.s ?  i thought their president are creating a rule about restricting cryptos.  not just that but i also hear that some exchange are also restricted to u.s  .  even if states arent included on this process , there are still other open countries that are willing to harmonize cryptos with fiats

If cryptocurrency have many positive respond not only from investor but also from company I think fiat just waiting time when they will be die, Fiat only give us soft service for transaction but could't not give how to increase money using Fiat and bitcoin can give us both of faster transaction and by using bitcoin could increase our money.

Fiat is mostly digital as it is. I'm not sure how a government could "collaborate with crypto." Crypto is a category. That's like saying "collaborate with commodities and securities". The governments can do what they want, as they always have. They are losing control over just one of puppet strings they use to control us. Don't fear for them though. They will either grasp onto the remaining strings harder or create new ones.

I agree with your statement, once a system had been practiced and is already established it will be difficult to remove or replace it. Same goes with banks vs. Crypto, instead of eliminating one it would be better if they will collaborate and work together.

Fiat and crypto have harmonization each other and we can't make one of them could stand by self with have each of fiat of crypto, with fiat crypto could be most profitable because many people still use money for many transaction kinds in their country, without crypto fiat look lke not completed with many transaction for other country faster by crypto.

I think it's too early to talk about the harmony of fiat and cryptocurrency. You are talking about a new system that should appear, it will probably appear, and maybe not.
I think "harmony" for fiat means to be an intermediary between the cryptocurrency and the user.  :)

yes, agree if fiat can collaborate with cryptocurency and can build a stronger economy. and I don't think that cryptocurrency will replace fiat money. because fiat money has been used for a long time and also not everyone can have internet access so they always rely on fiat money in everyday transactions.

all possibilities can happen along with the times and technology as well as the relationship between fiat currency and crypto currencies We also know that crypto currencies are created with technological advancements to meet the needs along with the times and it is also impossible that the government will also use these advances to economic development

At the present time, we are simultaneously using satellite and mobile communications, and wired communications are also present in the remote places of each country.  And also today, many use wired Internet, not just Wi-Fi, and in most countries it is wired Internet that gives the best speed, despite the availability of high technology.  With these words, I want to say that there will always be a user who will use cryptocurrency, just as there will be another user who will use only fiat funds.  Based on this, I believe that cryptocurrency and fiat currencies can exist together without harming each other.

Zimbabwe and Venezuela are both insolvent due to excessive borrowing and there seems to be no way to repay them again, which is why a number of countries accuse them and eventually the inflation of the currency must They increased sharply because they printed more money to pay debts. fiat money always has its weaknesses but the person who makes the high inflation rate is led by the leader. Of course, too much debt is also due to part of the corruption being too great for the country to get worse.
but not so that we choose crypto as a common currency. It is a volatile asset and no one can guarantee any organization, Legit. That's why I still support Fiat money.

no , i dont think so. Crypto should not be in any country's payment system. why i think so? because this is a risky market and adept speculators call it game of money. This is not a normal financial market, this is a market of price manipulation. Therefore, businesses holding lots of coins only increase their risk. I think our society should only have fiat money and some fast payment wallet systems, that's more than enough.

I don't think so because I think we can use crypto as payment and we can buy all those things with crypto which we have dreamed of. Crypto is gradually getting so much value as a source of payments. Even in some countries, bitcoin is being used as money and as it’s getting the digital system so we must have some bitcoins in our digital wallet to use as  Time of need as crypto has a bright future.

Bitcoin will indeed be a form of payment in the future, but it is currently very rare to use it for transactions. Most people use Bitcoin and crypto to earn profits from trading, long,short or middle term.

unfortunately not many countries have legalized it like that, so bitcoin is not free to use for payment. I think by placing crypto as an alternative payment method, it would be better, but unfortunately the government is still having a hard time releasing the centralized system adopted today.

Fiat is indespensible , it cannot be ever killed even if people are using cryptocurrencies , one should understand that not everyone in this society does have access to Internet , cryptocurrencies , knowledge about cryptocurrencies and owns some cryptocurrencies.
The poor farmers and their families , how do you think you can actually ask them to accept payment in cryptocurrencies? How do you think you will ask a person to connect with internet open a wallet and you will send them money when they don't own any mobile.
The world is driven in poverty and people are dying of hunger everyday and not everyone is fortunate enough to own all these things that would make it possible and the government is too corrupt to do anything about it and people are too selfish to help.

where do you find crypto used as payment? in reality, crypto still difficult to accepted by part people in the world. people tend to reject crypto because they assumes crypto is complicated and very simple use fiat money as a payment. it happen in few country

but maybe in the future crypto and fiat money can collaborates together, while internet kids growing up

Let us say that a lot of people accepts and finds cryptocurrency a good currency to have, i think fiat will not vanished or die even if cryptocurrency became mainstream because even though every single one of us knows about cryptocurrency, we can't take the fact that some people are not keeping up with technology, they don't have any devices that they can use to manage and use their cryptos. As of now crypto does not have a very fast transaction for each transaction last for about an hour or 30mins so it isn't that far from fiat. I think we don't need to cross out one of the two things, using it simultaneously can give us much better experience and more opportunities.

Crypto has been used as payment, we can see some digital product like steam wallet top up, and any VPN maybe accept BTC as payment. But maybe to be accepted by a lot of people, really need from government so the company not afraid anymore if want to use BTC as payment. In other side, about fees and transaction time need to be solved first.

I mean is payment for real transactions like buy coffee with bitcoin or buy bread with bitcoin etc not online payment for digital product, people prefer to pay with fiat money in real life. need more time to crypto kill fiat money moreover like you said about fees and transaction time to be solved, its difficult to remove fiat money and move to crypto

Each of us want an easy way of transaction and by using fiat is still the best way to pay since not all stores accept crypto currency. Likewise, there are some stores adopt the crypto currency mode of payments but since then it needs an internet connection to access your transaction. Also, I don't think it needs to kill the fiat because some small establishment needed it unlike crypto currency.

We still can't say that fiat and cryptocurrencies are in harmony but sooner or later they will have to be.
Cryptocurrencies have become part of many societies and governments and central banks need to find the way how to regulate it the best way because with time cryptocurrencies will only grow.
That doesn't mean that people will stop to use fiat currencies, that will not happen but probably will combine the best of both. Therefore the best option for harmony of fiat and cryptocurrencies should be found as soon as possible.

Probably not yet fully harmonized with each other but i think it's just a matter of time. I think crypto was meant to be like that in the first place. That would likely come when crypto becomes more accepted by the people the same way they accept fiat. Though we may see some significant changes in crypto with that since some features may have to be given up.

This is quite reasonable. Because we should not rely too much on crypto, it is always volatile and institutions are unreliable. If it is possible to combine both to make the payment system better and more diverse, then I think the service industry will be much more developed. because I've had a lot of problems exchanging money when traveling in other countries. I don't want to waste time on these things so I hope countries will adopt a common currency to make it easier for people to travel.

By 2020 there will be a series of launches by some countries in stablecoins, and China has it ready, France is looking forward to doing a project, the ECB (European Central Bank) has great interest in launching its stablecoin, Libra which is the largest competition of these, I think this could give some liquidity for FIAT money, it is known that with cryptocurrencies it is another type of liquidity that is acquired through blockchain, it is not about facing fiat vs crypto, both can coexist, now what Interested in all this is that it will bring greater adoption to Bitcoin, and if this happens all altcoins grab more life, everyone wins.

Both Ecosystems are going to exist in the future.
The same way as Gold exists with fiat money. People cannot stop using the one currency and only use the other. The co-existance of them and the harmonization of the economic system needs to be achieved by governments.

Of course, cryptocurrency can never replace the traditional national money of states. State governments will not allow this. And cryptocurrency by its nature is not capable of this. Stable coins can partially displace fiat, but state cash should remain. Even highly developed states with a high level of income of citizens who want to get rid of paper money will still use their non-cash money.

I think that FIAT and cryptocurrencies will coexist in the future. Cryptocurrencies will be used by countries to use online transactions and cash will be used by people to exchange daily.
Using cryptocurrencies for online payment will ensure better security because Blockchain's security technology is better.

Stablecoin is owned by a private company and that's just really bad if it happen to replace cash. Imagine giving too much power to a company and decentralized cryptocurrency is more preferable if that's to happen.
the problem about stablecoin is also how it's not as transparent as decentralized coin and the company that issued the stablecoin could just print their money even though there are reserved fund audit there's always a hole that can be taken advantage of because it's company owned by someone after all.

difficult does not mean it can not kill fiat money, now indeed crypto difficult to accepted by part people and best payment still using fiat money
but im thinking in the future while z generation grow up and all everything use internet and by online maybe crypto will used by payment then kill fiat money slowly .... its such a people's thinking about internet 10 years ago

I completely agree with this and support 100% that when a fiat dies, then Bitcoin will take its place. Depends on how much the capitalization of Bitcoin will bring to the masses.

Both fiat and cryp8can be utilized for installments and as a store of significant worth.
Both depend on across the board customer trust so as to work as a methods for trade.
Fiat cash is given and constrained by (national) banks and governments. Therefore,  fiat and crypto can be harmonised because they have disparity.

Well, it is the only way that bitcoin could survive since bitcoin might never be accepted by the government as a payment method. They wanted to control everything that is circulating in their country, and with bitcoin and other crypto currencies that will not happen. So I think they would create a digital currency of their fiats nad either they will accept bitcoin and other crypto currencies with it or not.

Fiat and cryptos can both work together without killing one system. Cryptos are made as an alternative for a fiat currency, it does not necessarily mean that it have to replace fiat. Also having many options/tools for transaction is better, that's why we don't really have to make competitions about these two for who will stand strong in the future.

As for cryptos to be used for a countries economy, I don't think the government will agree on that especially if it is bitcoin that will be used. Bitcoin is decentralized, government won't be able to know who make transactions from it and most importantly, they cannot control it. Cryptos are also volatile which may lead to economic recession if it will be used as a store of value then a sudden drop comes to the market.

Another thing is that, crypto and fiat are from different generations. One generation grew up from using and investing on fiat while the other is patronizing crypto which goes with the innovation of technology as time passes by. Instead of wishing that crypto would one day replace fiat, we should instead hope for a better harmony of the two so that everyone could have their freedom on what they think works best for their daily lives.

We cannot really expect everyone to have an access to use crypto that's why fiat is still necessary cause older people and those in the poverty are more used to it than with crypto. If only the government would start being considerate with them, then crypto should dominate fiat in the future.

That is really good news, I can confidently say that there is harmonization happening between fiat and crypto because how are you gonna use your money if you withdraw or deposit it. In some terms, they are really working with each other. Every county is now adopting the cryptocurrency but not as their primary currency because it is hard to fully use it because of the local transactions. I can say that maybe in the future that can happen since there are technologies that are being developed to make that happen but not yet implemented. There are still countries that are banning crypto in their vicinity, they are regulating it on their own purposes. Some are thinking that crypto is really a scam without knowing the use and purpose of it, which is we can do fastest and secure transaction using it, it is also space-saving because you only need your device to make transaction and without any lawyer, you can send a big amount of money because of the smart contract. If we look on the bright side, the innovation of technology with the use of cryptocurrency is happening so fast.

When we say collaborate, each party hold the same share. However, this collaboration cannot be possible. Rather, a working system between the two must exist. For an economically-stable country, which has a government different from others, and those which undergone a drastic history and rich culture, fiat as legal tender is the main and only form of currency. If they/we are to employ crypto, it could be a second, third or even fourth form of currency. Besides, crypto and its branch underwing functions differently. So I think the way to be able to legally use crypto for international relation transaction is only when trading but on a separate field - very far from fiat. But I won't think that crypto can never ever function with fiat. This just actually needs trial and study.

but the question is if government do wants to collab with crypto  ? we know governments are being salty or sour with crypto in terms of benfits matters   . but let say if governments will changed thier minds and start collaborating with crypto , crypto will become more healthy and as well as its community because more money wil flow on it and more people will enter on it  . fiats will also be beneficial because there are people that will convert thier cryptos to fiats from time to time and as well as people we earn more fiat to buy cryptos  

Cash will never die, at least during our lifetime in the foreseeable future, cryptocurrencies can occupy some part of the market, in theory, but to say that they completely replace cash is very, very bold. Personally, I don’t believe in it, cash is always needed.

This is the that we should be aiming at the first place. A coexistence with the status quo will make sure that cryptocurrency will never fade away like a forgotten dream. Physical currency and cryptocurrency should coexist until there is a need for someone superior to take over and become the status quo. The reason that it cannot be replaced is because cryptocurrency is relatively new to our modern world so that explains a lot why it can't still become a replacement for physical currency.

I could fiat die when each country have their fiat currencies and there are rules and regulation on the trading of individual country currencies. No matter how things get bad, I do not think crypto will ever replace fiat but rather serve as a rival if the rate of usage of crypto increases exponentially.

If one really looks too far into the future, then perhaps nothing is impossible.  To date, such a situation has developed that most people are not ready to accept cryptocurrency for everyday use as a means of payment.  In addition, it is necessary to take into account a significant part of elderly people who do not understand and do not understand the very essence of cryptocurrency and its capabilities, while no one will learn how to use it as a payment.  therefore, in any case, for the full implementation of cryptocurrency to be used as a means of payment in order to replace fiat funds, at least two generations should change.

I wonder why people hasn't started to think of acquiring more cryptocurrency now with the Coronavirus outbreak.
The global economy is in high recession and Fiat money is going to lose value.

What Covid19 Showed Us About Bitcoin
Christopher Flinos, Co-Founder, HAYVN, www.hayvnglobal.com

Bitcoin has lost about 35% of its value in the last month's market rout. Many feel it shouldn't have. That it should have rallied like gold and Clorox stock to protect investors in times of market capitulation. This resulted in a discussion amongst the management team about what is Bitcoin, how should investors define it and its role as a safe haven. This digital currency has been compared to a currency, a commodity, an investment asset or even said to have no underlying value at all. So how do we see it after being on the receiving end of it this month?

We can begin to define it by understanding what Bitcoin has shown us. It has no positive correlation with gold… no matter how much we wish it was. It has no negative correlation to share prices, investors don’t rush to it when other markets are plunging. It has no 'end of the world' premium or value when a virus is perceived as threatening our way of life. Coronavirus was the perfect storm for Bitcoin, an end of days style event, and it failed.

So therefore by definition Bitcoin can’t be a safe haven because a safe haven is an investment that is expected to retain or increase in value during times of market turbulence. Bitcoin doesn’t do this. It is uncorrelated to the market (has no relationship) rather than negatively correlated (goes up when others go down) as there is no negative correlation coefficient. You can see this in the way it appears to randomly trade upwards or downwards regardless of real world news. It also isn’t a hedge as it doesn’t reduce the risk of any other asset as there is no statistical correlation to rely on. So it’s uncorrelated, volatile, not a store of value or an alternative to the USD, it is not a safe haven and can’t be used to hedge anything accurately.

So in the absence of it being anything else, Bitcoin at the moment is just a diversifier. Diversifiers are non-traditional assets that provide exposure to different groups of investment opportunities. They are complementary assets that sometimes include real assets, real estate, currency, alternative stocks and alternative bonds and in this era, Bitcoin and the other digital currencies. And they are a critical part of any investment portfolio. Something that satisfies the human mind that it isn’t part of the herd that missed out when the price of Bitcoin takes off and yet something to dismiss as unimportant when it plummets. Something that a portfolio manager can allocated 1% into to give some diversification to reduce the volatility of an overall portfolio. Yes… Bitcoin is a diversifier and should have a responsible place in any portfolio. I don't think Satoshi created it so that it would just be a diversifier. ..  he had an expectation that it would be so much more. But its trading pattern and its movements in times of crisis betray it. No safe haven, no hedge, no alternative currency, just another store of value losing value in a market downturn. A diversifier.

I don't think Fiat will ever be destroyed because the world becomes digital Fiat will remain because it is But the mixture of fiat and crypto isn't an equivalent Some differences exist between the 2 But the virus features a detrimental effect on the 2. The crypto market has grown tons since then But Fiat is slowing down day by day. it's under the control of the govt and it improves with the economy of the country But crypto has nothing to try to to with the virus or the economy of the country.

there are high chances that we won't see fiat same as it is right now in the next decade.
however I do not believe it will be btc or eth or whatever there is on top of cmc right now.
It will be digital govs backed financial instrument, basically d-usd.

Cryptocurrencies can never completely replace fiat money. If I have banknotes in my wallet, then I can use them whenever I want and where I want. And if I have cryptocurrencies, but my phone is dead, or I don’t have internet, then this is a big problem.

Cryptocurrency would not replace the fiat currency, it is only a good alternative to it. It would be so hard to adjust by the country that will replace the fiat currency by cryptocurrency because there will be so many process before it happens and many people are used in fiat currency, fiat currency will still be better in cryptocurrency because it is for daily use, we can use fiat to buy foods anywhere we want, even in sari-sari store but cryptocirrenct cannot, and one thing is the volatility of cryptocurrency, the canges of value time by time which is really not good to be considered as a standard currency all over the world.

Although it's a digital government-backed financial instrument there'll be coordination between Fiat and Crypto. They both got to add reverse Fiat will never end albeit the crypto is over Crypto already has Fiat.

I think FIAT can support Bitcoin and cryptocurrencies because enough has already been accomplished for banks to consider it as a financial system that is being created and has been supported by the community. The best endorsement is the people who use it and have accepted it and that is when the banks must pay attention to it because there is a well-known dictum that says "The customer is always right".
Regarding FIAT and cryptocurrencies must exist because not everyone can access Bitcoin and cryptocurrencies. Due to several factors: technological infrastructure, knowledge, among others.

I believe that cash money will die and replaced by digital currencies, but fiat is here to stay.

But what if fiat would be sustained by blockchain technology? What if there will be a determined value of fiat money like the volume in the market of american dollar and the same amount can be available only backed up by blockchain?

True, because it's impossible that this world will be going decentralized.
Paper money would even stay but the demand will be less now that the internet is getting faster, we are at 5g now, so it's very suitable for online transaction, crypto is an online currency but as long as the government will create a digital currency, it will be use for more people than crypto.

Whether we like it or not, we have a government and we will remain centralized.

Crypto currency running on a decentralised setting will in some way be a hindrance to this cause i don't think government will totally give in to a system where they can't control a single part of the system. But anyways who knows, anything can happen

Crypto will never kill fiat. But it will play huge role in the economic sphere. Process of the convert fiat in crypto and back should be more clear and available for all people. How much problems we have now  with commissions, taxes. We need more projects, which can be like a bridge between crypto and fiat. Good example - gekkoin. Also I hope that in one day my bank will offer to buy crypto

Some European countries started to acquire cryptocurrency and blockchain even before this pandemic happened.
Afaik Germany already use some of cryptos as financial instruments and there is a list of banks who accepts crypto as it too.
So the progress is decent already.
And we should not forget about digital yuan which is going to come in the market (only local market I guess) very soon, like during this year. China in general is far way ahead of western countries in terms of crypto adoption

   If they are doing that it means we have to be faster and accumulate more. Many of us here believe in
mass adoption of crypto-currencies. And that's the future in my opinion, for 10 or maybe 20 years who
knows, we are living fast and technology is making a huge steps every year.
   Harmonization already exists, people can trade between fiat and crypto-currencies in anytime. But
I believe that over time people will lose interest in fiat, younger generations will not even know what
cash is.

Cryptocurrency will not replace fiat because Fiat has got the full support of the governments all over the world. Rather, fiat and cryptocurrency will co-exist under strict rules in the near future. Many cryptocurrency projects like Hubrisone and DIVI are working towards this hybrid approach to make fiat/crypto usage and conversion easy as possible for users.

I agree that fiat cannot be replaced by crypto, moreover fiat death is impossible. I also believe the government does not
let fiat die, then from the best and realistic way is fiat collaborate with crypto. That's the best financial system in my opinion,
and I'm sure this will happen in a few decades.

As Fiat is generally centralized its demand is low and the damage is high We can easily compensate for the loss in crypto but not in the case of Fiat Fiat currency is priced because it is stable. The crypto market is volatile so if the price goes up we can double the profit Crypto from Fiat is very popular and you can rightly say that Fiat cannot be replaced by crypto. If there is a combination of Fiat and Crypto the demand for Crypto is higher in the market.

It is losing value at the moment, but it will actually gain value after outbreak is over - because it will gain usage again

The problem is This will never happen mate, because for sure opposition will always present and US will never let their Dollars be replaced by this digital currency.
So this issue for me is already settled and let us not Give False hope for others.

Unless time comes that everything will be run by computer,then chance will be there.

The one that said fiat will die will going to die first before fiat does. The evolution of technology may be fast but not all can afford to buy digital device for digital currency. So, if fiat will be eradicated then it will be in the future where all people had digital devices like smartphones. Beside it is still better to have a fiat and digital currency as an option for doing an exchange.

There are many threads stated this but none of them all are correct and could provide any link for studies about fiat and digital currency.

I think fiat cannot be replaced with crypto and that's the reality.Right now we see that digital money is important because of the virus but time will come when it's over, everything will return to normal and we will use cash again. I agree if fiat collaborates with crypto for a better future in financial system, that's great.

I tend to agree with your position overall - crypto can't replace fiat, not now at least.
However, I am not sure that there will be distinctive moment when everything will be "normal" again.
Chances are we're building new normal now and blockchain/crypto already sort of inlaid in our economy

What do you mean by that?

Fiat is always a part of cryptocurrencies. Without fiat it will  never be in circulation since developers accept fiat to invest in this cryptos. Another thing is that without fiat Bitcoin and altcoins won't have a value since its value depends on fiats.

Maybe what you mean is a cryptocurrency based on these fiats which will be decentralized, at that case, that would take a long time.

Anyone who says "let's kill the Fiat and use the crypto» either doesn't have at least a school education or is very stupid. Why? Because "death of the Fiat" means the death of the crypto - and at the same time the entire economy as a whole. People who follow such radical cryptanarchism cannot / do not want to understand that they are aiming for a catastrophe, for a world on fire, and not for a bright and progressive crypto-future.

I think it's difficult for fiat and crypto to collaborate because both has different features and system. Also the decentralized digital currency will not be controlled by the government which issued the fiat currency. But if the government accept crypto then it's much better because people could have choices if what to use in terms of payments or buying something. It will also lead to increase the mass adoption of crypto.

The transition to the use of only decentralized cryptocurrency around the world is impossible for our society. As long as there will be different states on planet Earth with different views on the world economy and politics, as long as there will be national money, national armies and everything else that is the inalienable attributes of the state.
Decentralized cryptocurrency can become a single currency on Earth only when there is a single superstate and then, after solving some important issues. Until that time, decentralized cryptocurrency will be beneficial to society if it is used alongside national money.

Isn't crypto and Fiat currently collaborating directly? although it is not felt directly.
like this,
You carry out digital transactions, be it trading or investing using Crypto. after getting a profit, will you use crypto to buy coffee, cigarettes, milk and other basic necessities? or do you need to change it to fiat first, after that you can buy coffee, cigarettes and milk?
from here I think the collaboration between fiat and crypto has been established

Shouldn't crypto run with fiat? because indeed a large and successful crypto must have fiat value ... if crypto is without fiat value how can we shop using crypto? while the products we are going to buy all use fiat as their price ...

There are a lot of combinations between Crypto and fiat crypto can never replace fiat crypto decentralized It is not under anyone's control and many countries do not yet support crypto but Fiat applies to almost all countries. It has to do with the country's economy in that case no one can break Fiat. In the case of digital transactions crypto is much more advanced and investment is much more profitable. Although Fiat has an effect on the currency it has no effect on the crypto and continues to depend on the market.

Of course, both fiat and cryptocurrencies will coexist with each other, neither one nor the other will have to be killed. The ideal option would be to create an alternative in all areas, so that anyone can choose for themselves whether to pay their Internet bill (for example) with fiat currency, or cryptocurrency.

FIAT money existed long before cryptocurrencies were created and the value of FIAT money was everywhere. I have the same opinion as you. FIAT money is doing well. And the mistake in the banks is that they print too much money and imbalance the economy, especially the Fed. They are manipulating the world economy. People still use FIAT money to buy cryptocurrencies. If they do not have fiat money, what will they get to buy it?

I believe that the government will not allow crypto to replace fiat. Because if the government lets crypto beat fiat,
then the government will lose control of the financial sector. Moreover, volatile prices the reason crypto still cannot
completely replace fiat. Indeed, the best way is not to kill one system to replace another system. Better to make
harmonization between fiat and crypto.

So that's the point - that there is no way.
The problem is not even that it is impossible to get rid of Fiat money and not that they print a lot, but that the complete rejection of paper in the use of cryptocurrency is the same bike that has already been invented a thousand times.
What is the difference between printing Fiat money or printing more tokens? How do gov control the total turnover? How to deal with the financing of the terrorism? Money laundering and other financial security issues? Too many questions "how and why" and instead of answers only one: "crypto!!!".
I love crypto and see good potential in them, but I have no illusions about it.

Banknotes are still in its value because not whenever devices are connected to the network, cash is in some cases convenient.
I admit cryptocurrencies have too many advantages, making the world cleaner and saving hundreds of years.
But you should understand that that hasn't happened now, cryptocurrencies will be ubiquitous in the future once regulation and countries are full.
We use them decentralized to some degree, but what about governments? Will they create a centralized or decentralized chain? See how Binance works you will understand why.

World / state decentralized currency-unfortunately this is the same myth as Bigfoot.
To expect the most important overseer of money to reduce his control and authority in favor of the desires of ordinary people is a very big mistake. I think this can be implemented only if you either have nothing to lose, or if you build your country from scratch - then we can build the economy this way.In other cases, we can only wait for the introduction of blockchain in the FINTECH sphere, but not at the same level as everyone wants this crazy.

There are news already about companies like visa and mastercard working on own crypto-fiat system, moreover kraken has started to work with several banks already - its happening

Yes, in the future cryptocurrency will improve a lot but Fiat will never be able to replace it no one controls the cryptocurrency, everyone uses it as they wish, but Fiat is controlled by the government and has a relationship with the economy. The effects of the epidemic have caused digital currencies to plummet but crypto has no effect. Crypto Fiat will make it much easier to use cash there will be no problem with the cards.

It is not that cryptocurrency cannot be replaced by fiat because it is the other way around, crypto will never be able to replace fiat for fiat is engrave in our life, in our minds, imagine having to change the way you see money because of the characteristics crypto has, if we are just talking about convenience then digital fiat can do it but still in the field of digital cryptocurrency still have the edge over the fiat, some company might start a collaboration between fiat and crypto to maximize it's potential but i don't see it to boom in like 5 to 10 years, as long as government doesn't take actions about cryptocurrency then it is really hard to see a big progress to it. Crypto now is still dependent to fiat. Exactly, how can people specifically newbies can buy cryptocurrency without having cryptocurrency in the first place? That is why its dependent to fiat. It will take some years to see a harmonazation between fiat and crypto but if it happens i'm sure it'll be a good one but now i think its hard to implement that thing for lots of people still don't have knowledge about crypto and it will be a hurdle to the progress of fiat-crypto collaboration.

The point is not even in the formation of thinking/consciousness and other such things, but in the fact that the state money must be provided with something. Cryptocurrency does not really imply the presence of physical or valuable security for its issue - this is one time. And two - the implied decentralization of cryptocurrencies as such goes against the principles of control over the issue and turnover of funds.
There are too many subtleties and nuances, as well as quite global things that conceptually make it impossible to reach the stage when the cryptocurrency can be implemented as the base currency of the state.

Although I have always held the view that crypto will erase fiat completely, this post has opened my eyes to see the possibility of the harmonization of fiat and crypto.
Now I realize that it is very difficult for existing system of fiat money to be made away with completely by crypto judging by the fact that fist is what they have come to trust over the years. If there's a way crypto can be harmonized with fiat, it will aid the adoption of crypto as they'll get to know of the numerous advantages of crypto.
I however think this will take time to be and there'll be need for certain measures to be put in place to accommodate this

Never say never. Let's not forget one thing - there is nothing infinite in the world. The state and social foundations that exist now can be completely reformatted and changed within one decade.

We do not know what the world will be like in 10 years, everything will depend on technology.
If we move into a fully digital era, then there will be no point in fiat means, they will also try to go into a fully digital environment, but during this transition there may be problems that simply destroy the fiat in the form in which we know it.

Crypto can never be accepted or replace with fiat, Since its decentralized and untraceable.
It will become a big trouble for banks and the government.

Bitcoin users can not pay tax which affects our economy and society. fiat and cryptos are two different things in our society.

I really hope this is not going to happen. For me it's all about the control of the government.  Crypto currencies were designed to be independent from governments. A digital FIAT currency will still be at the mercy of it's central bank. It's up to the politician of how much new money is being issued every month. With cryptos it's a fixed process and every investors knows before hand. I would appreciate if not a few people can decide the faith of so many.