Bitcoin Forum

Actually I don't think crypto will ever replace fiat, I think they will co-exist to serve different purposes.

What is your opinion?

It has the necessary tools, but I doubt that happens in the world in which we live .

I am having the same opinion as you do.

No, it won't. No governments would allow that to happen.

This.
And it really IS impossible in today's world for Bitcoin (or any other altcoin) to replace fiat currency.  Not in the next 100 years at least.
There is too many things that common people use fiat for and I don't see them switching to Bitcoin any time soon.

Both fiat and Bitcoin have its advantages. Use them together.

I believe it will but not for some years.

Replacement of Fiat? Don't think so....but being a "buddy" of fiat is definitely going to happen. Expect BTC and a few others being accepted at major retailers like Walmart.

Not for a while anyhow.

It'd have to be taxed, plus why would they change something that works fine

The truth has been spoken.

My thinking match with yours, they will co-exist . Recently, Sweden has been announced as a country which has no currency use anymore.

Maybe in some small countries but not the world. The Powers that is controlling the World would not let this to happen until they are defeated.

Not really no-currency. But they are thinking of making their country cashless... What we have to realize, it's going to take a LONG time.

I thinks, it never replace ever !

Will take a very long time. People are so bounded to old fashion standards.

Im really postibe about bitcoins but to seriously belive this is just naive

i think not , but Bitcoin are great and can be an alternative currency

I think all currency will become digital at some point in the future. Wouldn't be surprised if it happened within our lifetime either. I think it will have to be based on crypto too otherwise people could probably fake it but governments will still probably issue or control it.

Maybe sometime in the future, IMO the more realistic goal now is getting some global adaptation and acceptance for BTC.

I think it will, although it may take a century. Independent electronic money is another step in evolution, just like autonomic machines and space travels.
It will happen the only question is will we live to see it.

Maybe in like 100 years perhaps. I doubt it would be BTC though.

May sooner but believe this must be something easier for a wide range of users and not Bitcoin.

legit, i would wish to use it together for more widely.

Probably would never happen even in 100 years or more.

I doubt that will happen anytime soon but maybe in the future, most of the world is already using virtual currency for all their daily tasks (CreditCards, bank transfers etc...).

Not exactly to replace and not tomorrow but the fiat will eventually evolve into crypto form.

I think this will be happen in the future.
I hope that crypto can replace the fiat.

I love FIAT (Fiat Panda, I own one)

Fiat Panda cute little thing (not my class). Is yours the 4x4 version?

I like to see new store who accept bitcoin.

Can't imagine a whoring senator waiting patiently for 6 confirmations.  They'll be attached to fiat for quite sometime.

Crypto in general will never replace fiat but both of them can still coexist.

Not really...
Only Fiat Panda 1.2
https://www.google.fr/search?hl=fr&q=fiat+panda+1.2&tbm=isch&gws_rd=ssl

im sure it will replace

Already happen gradually, see use of Blockchain, acceptance of Bitcoin ...

I think crypto is like Internet and fiat is like newspapers. Nowadays most people read news in the Internet, but some people are still buing newspapers. To my mind crypto will be more and more used by people, but it won't fully replace fiat for a long time, just like Internet still haven't replaced newspapers.

Maybe in 100+ years, for now no...everyone were talking how in 21st century paper cash will disappear, virtual money will replace 100%, and it didn't. So I think something simular will happen with Crypto and Fiat.

No, and it is not suppose to do so at all.
just like gold or other commodities wouldn't

That will probably be the case.

I think with the characteristics of bitcoin, this can happen in the future. If the world government recognizes the value of bitcoin, ETH or coin other.

Maybe plastic money was a medium step for change of fiat to cripto! It's become very convenient for human. Isn't it 8)

I don't think that cryptocurrencies will replace Fiat, they will probably coexist.

I agree. I think cryptocurrencies are here to stay and it will go more and more into mainstream, but I believe that FIAT will not get extinct.

Of course and its very soon.

Thumbs up. Good for all of us!

sure, why not.. it's probably the only way to go
what i fear is control

I think it may be. But it will take decades and even millienium for ts global enforcement totally

Are u mad? if such things gonna happen, then global vault and mines will be vulnerable to hackers and scams then who will save economy?

They will co-exist to serve different purposes.

But has the potential to become more mainstream as a currency in more remote parts of the world.

they both will co-exist, but cryto will have more wider use and acceptance in the future. Imagine I am in African and I can exchange crypto with any one around the world for any service or product. that's the wider use and the acceptance, fiat can't do that it Is limited to a certain country

None of them replace, because they bring different gadgets

if in my opinion Of course not, because they both will coexist, but cryto which have value den its use and more acceptance for the future,. Because in the African country it is very easy to exchange crypto to others around the world, but that's all I'm sure also convinced that Fiat also will not go extinct because the government will still issue ideas or opinions about how to control it ...

may be thats true but not in a couple of years

Interesting view of point about Crypto and their future. I am also believe that the governments are strongly involved what the future will bring.

Youre right bro and i am having the same thought as of yours.

Nop! Fiats are prevailing and had rotated the manifolds of evolution for long in different forms. Replacing it can no way save humanity from destruction

It is bad if you are greedy for Bitcoin because it can be bad if you make a mistake with Bitcoin so you can lose a lot of money if you sell too soon.
Wait for the right time to sell it and you can make a huge profit if the price goes up for a long time.

I dont think thats gonna happen but god knows as it is still in beta state.

I believe in 5 years CryptoCurrency will match fiat but not overtake. It could possibly overtake in 15 years.

I don't think it would be the next 10-20 years

I really hope so! Cryptocurrency is the future

I do not believe that in the near future, the Crypto-currencies will be in one-step settlements with fiat money or bank cards, if not even higher, if only because for such everyday calculations, the cost of the transaction and the speed of the transaction for the crypt are too high. But this is decided in the future.

nope, it won't

Fiat is man-made. Crypto is man-made.

Fiat is more susceptible to corruption and overheads. Crypto doesn't have to be.

Fiat is established, but inflexible. Crypto is newer but flexible.

It's a matter of time. Those who benefit from fiat will push back with scare tactics, but eventually it'll be accepted.

Very confident this is just a matter of time and it will replace Fiat.

i don't think it would replace it, but will become more common use

I think the most appropriate question here is how can crypto works with Fiat better or can Fiat and Crypto work for better progress since it's impossible for crypto to replace Fiat because of its decentralized characteristics where in no one  manage bitcoin, and Fiat will be the first choice of people who don't use internet in the first place.

Maybe in many years it could happen, why not?

Crypto in my opinion also will not replace the fiat currency because fiat currency will always be the main to make payments rather than cryptocurrency. And its always be the easiest way to make payments in our everyday living. Cryptocurrency will only serve as an alternative way of payment method.

I think we are on the way to a cashless society.  It’s a more convenient way to transact.  The fiat curriencies that we know today will be pegged to their individual coins.  The traditional fiat currencies will still exist in that sense but the actual method of exchange will be done electronically.  It will be many many many years down the road for the transition to happen. 

it all depends on the technical level of whole society development not just of individual layers. Most likely a crypto currency will exist along with usual money and will be both an asset and a money

I agree with you to a certain extend. Just like how AI will never completely replace human labor, but it will serve its purpose co-existing with us!

In the near future, cryptocurrency won’t replace fiat because there is no governmental laws which would regulate the usage of cryptocurrency 

Maybe... But not in my life

maybe in 30 or 40 years

Even if crypto doesn't replace soon, i believe that a time will come when we will not be using physical cash anymore and everything is going to go digital. I am betting in the next 50 years, that's going to be possible.

They will co-exist with one another. Cant remove fiat out of the picture.

Gold and silver will eventually be used again as currency. Crypto currency will have a part in the future im sure.. But i'm more worried bout the future regulations regarding the use and prohibition of certain coins, and what measures the governments will take towards adaptation or restriction. I dont want to be told where and where not i can use coins and tokens. It should stay decentralized.

What to consider is: fiat a selfdestructing and an illusion. Poor getting poorer. rich getting richer. And the same is for crypto currencies.. We all have seen the manipulation happening the last 6 month with bitcoin in particular....

I think that Fiat and Crypto will exist in parallel.

When fiat crash?

Maybe crypto will not replace fiat, but it will be a good alternative for sure. But to do that, cryptos have to make some big changes asap, unless banks havent taken over the initiative.

Sooner or later yes but for a while now we will have a strong coexistence.

Who knows? Maybe.

crypto when it's impossible to replace fiat. if you go together there is a chance and most likely happen. My reason is not everyone can invest and cleverly benefit digital tools.

Personally I believe one day in some countries there will be only crypto currencies existing.

I think it won't. It's used for multiple purposes on virtual community. Fiat token has its own political purposes and it will never be replaced.

I don't think if government allows it. Both are have different used.

This is the best debate and quite informative. Both currencies fit different uses and will, therefore, coexist until we are technologically advanced enough to fully migrate into an electronic system.

No government would allow another currency to take over it's local currency, so in my opinion that is impossible.

This is possible in 20-30yrs when internet is free and very common.

Maybe in like 100 years perhaps. I doubt it would be BTC though.

Not in nearest 50 years I guess. Its too big of a step

Yes there are a big chance in some countries it will change the Fiat.

In the near future it will

I am positive it will

I also believe that crypto will never replace fiat. Each currency has its own advantages.

My gut tells me that we will see crypto take over fiat.  We may still be a few decades away, but eventually it will happen.

I see that crypto will not be easily replaced with fiat, and I believe it is not possible.

It is possible

I don’t think the government would ever allow that

Not exactly to replace and not tomorrow but the fiat will eventually evolve into crypto form.

I like to see new store who accept bitcoin.

Maybe in like 100 years perhaps. I doubt it would be BTC though.

The point that each crypto is limited.
If it replaces fiat imagine that u will not get a higher salary or will not be able to put a higher price on goods u sale only if you play with other currencies.

Fiat could be extra printed.

As for me if there be any replacement then we will back to the same as we have now with fiat but in cryptoworld. 

Cryptocurrency is still viewed on as an asset and treated like bonds in the stock market. It removes power from the government and is entirely dependent on people.

First, crypto os bought to be CONVERTED LATER INTO FIAT. that defeats the whole purpose of Cryptocurrency

Besides if crypto poses a threat to the government financially, they'll ban it and from there, downhill goes crypto. Not everyone is tech savvy enough to know how to trade on the darkweb

Maybe in like 100 years perhaps. I doubt it would be BTC though.

Crypto is great and has more features than fiat but I don't think the world and countries will allow fiat to replace with cryptocurrencies

Yeah because if that happens the governments will never have the control over there economy

It really depends on what you mean when you say replace Fiat. This two thing are different, we will probably never use crypto for small transactions but for sure we will be using it in the financial traiding system as is happening right now

There are a lot of articules talking about this and the most incredible is that fiat is also most of it digital now like crypto.

No, I think it will not happen, because crypto is not usable at shops. If you use Bitcoin - transaction is too slow, if you use altcoin - there is not Nr.1 altcoin currently worldwide, so shops can not decide.  ;D

I think it will happen as for credit cards.

The bigest altcoins will get adopted by stores depending on the region and then we can be able to pay with our crypto wallets

I think that is the million dollar question that everyone keeps asking... do we think it will replace fiat? Maybe over time but definitely need to work out all the kinks of the current state of crypto. lots of new laws, usability issues and dealling with governments

In my opinion only time can tell because crypto is too young currency than to compare fiat, maybe someday crypto become world currency. So,let's wait crypto goes into matured.