Bitcoin Forum

Kalashnikov: crypto currency can replace the dollar

The deputy chairman of the Federation Council Committee on Economic Policy believes that states should use digital money for mutual settlements, not the American dollar, but digital money.

Sergei Kalashnikov, who also chairs the Interim Commission for Monitoring Economic Development, expressed his opinion on the international role of crypto-currencies at the conference Digital Economy in Russia. Non-standard forms of payment »:

"The situation when the dollar is a universal means of payment in international relations, tightly binds each country to the US reserve system.It turns out that one country takes on the functions of global management of the entire world financial market. Perhaps, just the crypto currency could solve this problem on more democratic and objective basis. "

Kalashnikov cited the example of interaction between the countries of the Eurasian Economic Community and noted that the asset for interethnic exchange of money should be neutral:

"We have to exchange certain denominations within the framework of the Eurasian Economic Community (EurAsEC), and we would not like to apply any national currency, for example the ruble, as a nominal, for political and other reasons." It turns out that we need some neutral universal currency that is not tied to some one country.And what could it be? In my personal opinion, a certain type of crypto currency could well become that clearing currency of mutual settlements, not only within the framework of the EurAsEC, but also in the wider context between different countries . "

In late May, the State Duma approved in the first reading three bills that deal with digital law, crypto-currencies and their turnover. Kalashnikov believes that lawmakers should create basic rules for the normal development of the digital economy in Russia:

"The fact that the proposals of the State Duma are frameworks is, on the one hand, good, since they do not impose anything, but on the other hand, they may presume the adoption of such subordinate legislation that could significantly distort the original ideas of these bills. the challenge is to propose changes to the legislation that regulate not so much the present day as the future, because the recognition or non-recognition of crypto-currency is not limited to the problem. overt direction and the vector of development in the field of the digital economy legislation. "

Well, not entirely for every transaction of course. But no doubt, some trades that would otherwise been made in dollars were instead transacted using bitcoins.
Currencies compete for transactions in an eternal race against older, more established, and newer, more innovative currencies. Since traders are free to agree to use the best version of currencies for their transactions they sometimes choose BTC over their next best solution, say the USD. In that sense, the Bitcoin then replaces the US dollar per transaction.

As I think it is never, because electronic money not everyone can use them, and if using them, investment in equipment technology will cost high. It would not be appropriate to replace the dollar.

This has always been the way I picture crypto becoming adopted.
People think too far ahead about this being used locally over fiat, where it's going to shine first is for international trade without dependency on another currency, it's faster, has no middle man, cheaper and what not.

Once it shines in this sense we might see it start being used for global purchases between regular joes.
I don't think we will see it being used over fiat in a local sense till it's volatile nature corrects with time, couple this with fiat currencies gaining more inflation and becoming unstable due to it, people will naturally go for the better option where they maintain or even gain value on a commodity/currency with real purchasing power.

None of this will happen over night and requires a series of events to occur, assuming things continue on as they are with debt getting worse, inflation rising and the demand for global trade being stronger than ever, in time it's quite likely we will use crypto as real money, slowly bit by bit.

The internet is another technology which grew in a similar way due to it's superior practical use, imagine 20-30 years ago trying to picture every one walking around with an internet based computer phone using wireless technology, paper based postal systems declining as much as they have and most companies being dependable on it.. you would of been labelled a dreamer back then.. but this is the nature of "better things" that persist and improve over time.

Btc & other cryptocurrencies, I think that, will take over US Dollar in the online platform only. However, because fiat and US Dollar has backed by governments, so it is improbable that cryptocurrencies will replace paper money. Each economic system has "whales" who really benefit from the current monetary system. Their benefits are preserved by their  governments via different ways, like the national military & central banks. Although in developed countries where the central banks are independent of politics, they still hand over an economic environment on behalf of the government.

Some bankers commented on the potential business of crypto currency forward. This is because, based on the data, the currency exchange rate of crypto has increased and decreased quite large. still 50/50 whether the crypto currency can replace the dollar. but, my estimation of crypto currencies and conventional currencies like the dollar will continue side by side. because from what I know, these two currencies are still pretty much related.

Yes, the price decreased a lot with the bearish market and I think it is not a good idea to implement or replace the dollar with crypto currency because there is huge fluctuations and this is not convinced governments. But the chances of replacing fiat currency with crypto currency is really a nightmare.

It is very hard to believe that cryptocurrency can replace the dollar. It can used as an alternative payment method, but replace it is not something what I believe. Therefore I think that cryptocurrency will take an important place as alternative payment method, because it is transparant and fast.

Already USDT Cryptocurrency is replace the US dollar because both are same value and USDT reputation is day by day increase in market so many investors are buying this coin. The main advantage is it will not down in any situation so many companies are plan to invest this platform. I think this will reach entire world in soon and this is the best alternative platform in payment method.

I do not think cryptocurrency will replace dollars because they are two different hings and have different functions moreover, crypto is a digital currency and not everybody can use this medium unlike the feasible dollar that can be easily handled and it is also mobile.

i doubt it can replace the whole fiat entirely. well. if you ask why there are tons of reason. that means revolutionizing the whole world. you would have to start at the very small things like traders and when i say traders i mean the farmers and all you do not expect them to just transfer to digital currency just like that and if so what about the foreign exchange in that matter.

I don't see any possible way where crypto currency can replace any other real currency in the world. I think that the crypto community could improve on how the crypto currency transactions work specifically bitcoin to usd/any other currency and also bitcoin payments like shopping to different stores.

IMHO if it would replace fiat it would be something new created by government on blockchain base. BTC like gold just for holding for reach people only)

it is so so hard.
nothing replace dollar. it is like a gold. always there will be dollar, there must be dollar.

Eventually maybe but not in the near future.  Cryptocurrency and  dollars  are two different things and have different functions moreover, cryptocurrency is a digital currency and exist only in the internet and not everybody can use this medium unlike the feasible dollar that can be easily handled and it is solid and besides people used to it.  For the meantime, cryptocurrency can be  used as an alternative payment method, but dollar is still the leading fiat in the world.

If cryptocurrency is used as a medium of exchange it is possible, but if this cryptocurrency makes the same currency exchange rate and replaces the dollar I think it is impossible, because the crypto value isnt fixed or fluctuate. Besides crypto money also has no physical so there is no real value determination

I don't think cryptocurrency can replace the dollar. I don't think this will happen. It will take at least 10 years, but I think the cryptocurrency may soon replace the euro because the EU economy is not perfect now. For example, in the UK, more countries will leave the European Union.

Many countries have been pushing for a way to replace the dollar as the world currency of trade.  China and USSR are leading the effort for decades now.

It makes sense since it gives USA an unfair advantage.  Why can USA afford the debt it has now?  Because it can always print dollars as needed.  Something that other countries cannot do. ;)

In this sense, USA will likely fight the adoption as long as it can...or create a crypto that will give it advantage.  Right now, China is leading the way (maybe covertly).  Hope USA wake up and do something now or risk being left behind.  Because I believe Crypto adoption can be delayed but cannot be stopped.

Not that probably happens to be replaced by cryptcurrency the dollar in global market, because some countries they do not acknowlegde or used the cryptocurrency in their own country and above all as the moment no law shall be establish that the bitcoin was legaly use around the world.

Each e-currency or dollar has its own values as well as its own characteristics, which enrich our currency markets, which can not replace each other. complement each other more perfectly

I think that the crypto currency will be used as a means of payment, But only in the distant future. in any case, it is necessary that society is accustomed to the use of crypto currency and learn how to manage it.

i think that in the future a next generation of cryptos can replace the fiat currencies and the banks, the thing that i love of cryptos it that you can exchange coins from all the world without having access to a bank! that's revolutionary, we just need a greater adoption from the normal people and that will happen when new reliable blockchain will sort out, for now due to the low amount of people using them  there are a lot of fluctations of prices

If bitcoin is to replace the dollar it needs to become less volatile a lot more handy, scalable and the big data usage has to be solved.
It has the potential to get there one day but i bet that another coin will get there first.

Maybe you did not imagine it but so far, there is no better solution than decentralized digital currency to become a neutral international currency, CryptoCurrencies is not an alternative but this is the best solution at the moment.
I think some people who realize the importance of decentralization in international currency have started using crypto for their transactions.

in any case, the society will lose interest in bitcoin if its price stabilizes and it reaches a dead end. Today, many investors make deposits in Bitcoin, because there are predictions that Bitcoin Raise your price, which means that it will bring good profits. But if this interest does not exist, Bitcoin will not be worth it either.

actually everything will be much more complicated than it seems. Thanks to the dollar, the government and banking systems keep society under control. In order to maintain their power, they must do everything possible to control the crypto currency in the future.

If USA goverment sees same issue its definatly they will ban bitcoin and all crypto coins soon.
So its not a issue for now. USA will support crypto until they saw that community trying to replace USD

In fact, this is a good idea. And I believe that this should be so. The entire world economy should not be tied to the dollar. And if it is a matter of large-scale interstate settlements, it is very reasonable to use crypto currency.
Also I believe that in 10-15 years, crypto currencys will be used everywhere. Of course, many are still far from the world of electronic money, but time will pass and everything will change.

I would say yes but it may take some time for that. The current situation may no be positive for this but I believe very soon crypto currency would replace dollar or any currency in that matter. There are almost 20% people using crypto now a days and the percentage would be increased in the coming days. At least 50% people using crypto would be a benchmark in another 2 to 3 years from now.

I think governments will continue to want a government controlled currency but it will probably transition to a digital form and basically eliminate cash at some point.

It’s possible that governments will have their digital currencies while decentralized cryptocurrencies are used in conjunction. I believe this can work in the same way we currently see government currencies along with credit cards, PayPal, etc.

The problem is which crypto? And how will they prevent the wild price swing.

No one knows.  Maybe it is still to be created.  ;)

The price swings is what makes people invest on crypto.  We love when they are "mooning" but hate the dips/corrections.  They go together like night and day.

If a coin is stable, why invest on it?  Might as well stay with the dollar and do time deposit. :p

I recently pondered with my friend about the fact that the American economy can rejuvenate thanks to bitcoin.  Those who know what inflation is will understand me. The dollar has a very large public debt, they do it to avoid inflation. All the inflation money they take out of the country and sell as debt to other countries.. So now America produces USDT, the same dollars that are the equivalent of Fiat money (USD). So there will not be soon these countries where to export inflation money, they will be introduced into bitcoins.

You have a source for this claim????

I came across a news statement where it was clearly explained about the fall in the economy of America. In that talk he never used the term cryptocurrency, because to the dollar in usage the bitcoin usage is very low. He mentioned the government's varied financial policies were the cause for the fall and this won't lead to any form of replacement.

I agree, I have noticed that non-crypto users don't even give a thought of cryptocurrencies but we crypto users think it as everything. When most of the population consider it as risky investment or ponzi scheme, how in this world could it become a universal currency replacing dollar. Even the idea of this happening is hollow.

Crypto currency can replace the dollar   -- Possibility chance? = 0% No cryptocurrency on this world or being made out which can able to replace dollar. We do know the current standing of USD and its on the top local fiat thats being used and i dont see a reason that a crypto would able to dethrone or remove it into this financial ecosystem. Even on other currencies too, as long theres government this thing is impossible to happen. Cryptocurrency would just really remain as it should be.

LOL. There are so many words and I'm a lazy guy so I can't read them all by in my own opinion I believe that cryptocurrency can be able to replace dollar in the future :). For now, cryptocurrency is going to be legalized in more country than before and I think number of country legalize cryptocurrency as their local currency will keep increasing really quickly and some day I think we no need to use cash anymore ;)

I do not think the dollar can take its place, but I think it will take out a crypt money instead of dollars. But I do not think there will be any decentral money in it.

The future of cryptocurrency is great for me but I think it cannot replace any fiat money because government will not let it to happen, we know that fiat money is already part of the economy and cryptocurrency is not. Technically, cryptocurrency will be legal in many places but because of its volatility I think its too risky to depend on cryptocurrency so Dollar will stay. 

It's really difficult to predict cause seem like people are losing their truth on cryptocurrency because of downward trend, scammer, hacker,.....Beside there are so many countries banned cryptocurrency especially Bitcoin so I think in these countries, cryptocurrency will not have chance to replace local currency. Beside US also has very strict rules for cryptocurrency so I think it's a little bit difficult for this case to come true ;D

That's the future guys !! No more fiat currency, just Cryptocurrency!

I highly trust that's the banks of the world will make their own cryptocurrency to replace the fiat, in parallel of the existence of the bitcoin and alt.

I hope in 100 years, no more fiat currency on the world !! and maybe in less than ten years for some country

No, Crypto now has a lot of weaknesses to make them pay for, so they will not be suitable for some techies and blind people.

Even the euro dollar can not be overthrown, although it is considered a more stable currency. A crypto currency, illegal and decentralized well can not even compete with the dollar only to be an alternative and go in parallel.

I do not think so. we know that so many pros and cons in terms of cryptocurrency, as long as it is not yet stable, then it will never replace the dollar. other than that the dollar becomes a currency that is recognized by the world, so, for now, crypto has not had a chance in that.

I don't think so. Because that two things are different uses in general purpose. Crypto for digital payments and dollars for direct payments.
And anyway not everyone can use crypto transactions. Also most people prefer physical money than virtual money for now.
Maybe far future will be.

Never electronic money will replace the dollar, because current electronic money is still a lot of inadequacies, and many holes have not been overcome, and there are many limited demand in the market.

I personally dont think cryptocurrencies can replace the dollar however it could possibly be one of the strongest currency in the world together with dollars and dinars. I still cant quite imagine dollars could be replaced yet and most probably it is because these cryptocurrencies are not stable yet.

For one, I think many in the finance community have already confirmed of some people in the Russian government, if not the higher ups in that government, wanted their country Russia to exit the usage of the US dollar and use a different alternative like the Euro or even strengthening their currency the Ruble so that it can used in international trade. It is not really a secret that the Russians want the dollar out of their country. Hence they do all they can to ensure minimal participation for the US dollar. But of course, the USA doesn't want that so they might have done some things to prevent Russia from doing what they want with their currency.

i think this can happen when there is a mass adoption of cryptocurrency as a medium of exchange across the world but even so, I don't think it can completely replace the dollar. I think both digital currency and fiat should be used simultaneously in that digital currency can be used for online transactions while fiat is used for the offline transactions

I think we are in the primaire phase. Bitcoin might be known to lot of people but only  as an investment to make money. The final phase will be real day to day use, where people will actually see the benefit of it and will want to use it.

Someday that is possible, the power possessed by current cryptocurrency has proved that crypto has a very wide market share and started to be used by many people. Cryptocurrency is becoming increasingly popular and we have now seen the fact that in the future crypto could become a centralized currency. With the various advantages it has, crypto will be a force in the global financial system.


Bitcoin will be stronger and have an extraordinary market share, especially if the government supports it then we just wait until the time comes.

We can witness such a thing when we think long term. Crypto will use the money very widely in the future. Now everyone is using cash, and after a few years there will be no cash in our pockets. Everything will be transferred to the digital centers and blockchain :)

if internet world can accept bitcoin denominations similar to dollar we can expect direct competition to visa and master card in the coming days

My take on this is that the US dollar, which is currently the most used currency worldwide is basically threathened by other currencies of the other countries like Russia, China, the UK, and the European Union, among others whose currency other countries wanted to use instead of the dollar. With this I think it is possible that Bitcoin would also join the fold if more and more countries will accept that to replace the dollar.

If we talk globally, then Yes bitcoin can safely replace the dollar. It seems to me that it is enough for bitcoin to show its strength at the state level. And the American government will understand that The us Dollar is facing a collapse of the us dollar. Yes, I understand that the country's economy will not allow this and perhaps it already has an action plan. But we all remember the economy of 2008 in America, when the real estate market just collapsed.

It nice to be optimistic about something ones like which is what Kalashnikov proof there when he said cryptocurrency can replace the dollar and we both know that the US government will never allow that to happen. Let's face it

I don't think that the crypto currency can ever replace a centralized currency. Government supports the centralized currency because it is one of the signs of statehood. The collapse of centralized currency will be the collapse of statehood.

It can replace the dollar one day, but there are still to many people who fight againt cryptocurrencies right now. The most people think it is a total scam and it is to hard to use it. But it is nor really hard to use Bitcoin or Ethereum. It is the same like a bank account in real life!

You may be right a decade ago but I think your thinking is obsolete.  World trade changed so much the past years and continues to evolve.

All currency is based on "trust" (in the government who issue/back them, or something else).  It is fundamentally a contract and what is better than a cryptocurrency to deliver it?

I am an American and believe it will be to the detriment of the US if the dollar is replaced as the world's currency of trade.  I believe the US government will delay or fight it as long as they can but IF the rest of the world rally towards supporting crypto (I am not locking it to Bitcoin), there is nothing the US can do to stop it.

And you said you're from the US because it seems to me that you don't what the US government are capable of when it come to fighting over an issue not to mention of their national currency. Do you ever wonder why other countries submit to the US government rule? We doing need to brag or drag this issue cause bitcoin will never replace US$, it something glaring.

I agree with your opinion. Electronic money can never be replaced, as there are many loopholes and holes in the payment. If you put them to trade, there will be many restrictions and high costs.

indeed the use of both is the same for the means of payment, but crypto will not replace the dollar. both have functions and are in a different field, perhaps more precisely is crypto helping the dollar or other fiat money to solve the problems that are available so far in the means of payment.

It can not be, it is a difficult thing for the country, nowadays electronic money is very risky, price risk, risk of holding and hackers, and some people's weakness in the use of electricity. death So it would be hard to get them into circulation.

This takes a long time. First of all, I think that the collapse of the US dollar will be completed in 2020, and then the value of the cryptocurrency will increase. People will pay with cryptocurrency about ten years later.

I also hope that cryptocurrency can replace more cash and be recognized by more countries. If their recommendations are adopted and applied, then I think this will allow the cryptocurrency market to take off overnight!

The majority of the people may prefer to use dollar instead of cryptocurrency because there's no need to use internet during transaction. If the countrg decides to legalize any cryptocurrency and become a legal tender, it may take time before people get used to it. The full implementation of cashless transactions will only happen if all sectors support it.

Even though we wish the whole worId would be digital, I don't think crypto currency can make it throughout all rural areas. Crypto transactions needs equipments or machines to process effectively. I dont think it would be suitable to places like wet markets, etc. Still dollar or fiat money is needed.

It was long expected one.Many people from United States inverse their money in bitcoin for future prosperous.I had strong believe in this.But it will come in process,only if the American goverment officially announce Bitcoin is their currency.Their is some possibility for this to occur.

In the old days, how long before traders fully adopted coins and paper money (from real commodity and precious metals?)? 

If ever, it will be the same for transition to crypto.  Don't expect it to happen in just a few years.

Well, I will believe this if BTC stays at $20,000 everyday and when btc will going to conquer the community of the whole governments.

Already Bitcoins and some altcoins are adopting in many companies and few countries are accepting the legalisation of crypto currency. So only positive result of dollar is a global currency and we should exchange in all over the world. But USDT is replace the dollar because it is a constant value in anytime and it is not fluctuate in anykind of situation so crypto currency is rule the entire world in future.

I really do believe that soon btc will be more exposed and will become great by that way people will have more interest in btc and they will try to use it and they will see the benefits of having bitcoin, by that way people will love bitcoin and replace dollars on their own.

I totally believe that cryptocurrency can replace dollar in the future and there will be nobody wanna use dollar anymore :). At the moment, there are few countries are going to legalize cryptocurrency as their local currency. Beside, as I know bank system at the moment is supporting for cryptocurrency by supporting for ICO project :)

Tons of discussion about a certain crypto will replace USD fiat someday but in my opinion, it is nowhere near on the future the Government and Central banks must fully adopt the usage of blockchain technology before recognizing any cryptocurrency for the replacement of the traditional fiat, the current one is still functional, crypto and blockchain is still premature to handle that stage plus a lot of people might object about the idea.

I don't think Crypto will replace Dollar, I can only see both complimenting each other, Crypto will likely serve as save haven for people looking to protect their investment in Crypto because Dollar normal fiat keep losing value due to inflation. Most people only look at the advantages of inflation but fail to highlight its importance to inflation in an economy

I agree with you my friend, there is a high chance that cryptocurrency can replace the dollar in the future, because our world is going for the evaluation and we will use the new technology. Cryptocurrency is a good way for a lot of people to use their money easily without any problem and with a high security, but the first step is that bitcoin should be legalized at least at 90% of the countries in the whole world, then I am sure that bitcoin will be used more and it will be more popular so people will give up from using fiat and going for cryptos.

It's definitely a disrupter and the potential is there for it to do such.  However, the powers that be are trying and doing all they can to maintain the status quo and the crypto space still needs a bit more time to mature for which the sheer magnitude of scams is not helping either.

in my opinion there are two ways to stabilize the current situation in the market. Unequivocally, with the legalization of crypto currencies around the world, we should think about using Bitcoin as a means of payment, or in any case it is necessary to raise demand for Bitcoin, because it depends on the price of this coin that the entire crypto-currency market depends.

I think there should not be a question of replacing the dollar with Bitcoin, because in any case, society needs to have an alternative. Moreover, the crypto currency will inconvenience certain segments of the population, who will not be able to use the crypto currency for the intended purpose.

I am sure that this will never happen. Government bodies will not allow that the crypto currency could drive out the centralized currency. It is not profitable for them.

This is one favorite topic I have been studying about and so far I have arrived on the conclusion that id Bitcoin is legalized by all the countries across the world, it can have a chance to become the future international currency and might even replace US dollar. But the US dollar belongs to America ant the political interest of USA in maintaining the USD the international currency is much more than the benefits they might get if Bitcoin become one. So I do not think that will happen.

No, I don't think that cryptocurrencies can replace the dollar, at least in our nearest future. People around the world are using fiat currencies a lot more than using cryptocurrencies, and the usability of the dollar worldwide is really incomparable to the usability of Bitcoin and altcoins.
In addition, most governments and banks still supporting only fiat currencies right now.

i dont think it is possible in even long term. because traditional way is always sound more safe for regular people. it will be really hard for those regular people to start using crypto currencies instead of cash.

Somehow, someday it will but at this rate crypto currency is getting a lot of hate coming from nowhere just maybe because it's a threat to most of the banks. But somehow the government are making some regulations to make it subtle to most of the currency in the world. It is up to the people to decide whether they want this to happen or let it just be a cryptocurrency forever but i doubt they will agree on me.

This is going to be a fight between USD backed by America and Bitcoin backed by all those across the world who use it. It seems in future, Bitcoin will win the fight because in my opinion, Bitcoin will be accepted by all the countries and if the prices went stable enough, I think they can think about the international trade in the form of Bitcoin. This can outshine USD. But the power behind USD will never make it happen.

no. It can not replace any flat money. Altcoin is volatile, not every one wants to have high risky money. Imagine you have one bitcoin yesterday is 10,000, 3 days later costs only 6000.

I think that, will take over US Dollar in the online platform only. However, because fiat and US Dollar has backed by governments, so it is improbable that cryptocurrencies will replace paper money. Each economic system has "whales" who really benefit from the current monetary system. Their benefits are preserved by their  governments via different ways, like the national military & central banks

We will see in next 10 years is it possible or not. WOrld change very fast, remember when first cellphone appear nobody takes it seriously not everyone has cellphone. Same history with internet and cryptocurrency.

I think crypto currency can not replace fiat money.  Because cryptocurrency and fiat money is diffrent. People who use cryptocurrency also use fiat money.  And to buy cryptocurrency we must sent dollars from atm or paypal or etc.

The answer is no.
. The investment boom of bitcoins makes ICO (Original coin offer) in the chain zone become unusually hot, and more companies aiming at misappropriation are involved in the bubble. In addition to the platform with money, there are many MLM organizations, mixed with investors, to fraud.

Never this can happen, nowadays the use of electronic money is not suitable for many objects and there are many holes in the market, so we do not think that password money will replace electronic money .

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Crypto replace Dollar? This wont happen even on my dreams i dont know where you do get this analysis or basis about crypto to took over one of the most powerful fiat currency in globe. Considering America is one of the most powerful country and so as with its currency. How can you presume that dollar can be replaced? Its not possible on any angle. Crypto would just still remain as it should be where it is just good to be on digital aspects and make such online transactions but when it comes to traditional payments then fiat would still be on the work.

The cryptocurrency will never replace fiat. Yes, it is very convenient, fast in the transactions, and anonymous but who will care about these pros when he comes to a usual shop or a store to buy some groceries?

To replace the US dollar, I think the most basic should be to achieve price stability. The current cryptocurrency is widely used for commercial hype, which makes the cryptocurrency price has been unstable, and 90% of the tokens on the market are just for the sake of Take investors' money!

Cryptos do have the potential to replace dollar but it will take them years to do so as:
The coins though widely accepted, are not totally accepted in the financial market and are even banned in some countries.
They are highly volatile and for a strong economy, a highly stable currency is required.
The decentralised nature of the cryptos make them special as they are not bound to any rules and regulations.

Maybe in price and value because it is high but in currency maybe not since dollar is existing and a current currency in the certain country. It is not replace by crypto currency.

Indeed, crypto-currencies can be a complement to money. Most crypts can have additional functions. This is beneficial to develop and use.

I don't think so. Governments and upper people don't like if there is something not under their control and decentralized currency would lead to anarchy. Especially US Government would be very unhappy with this.

They were never supposed to change money as we know crypto currency suppoused to make bank usseles and control that central goverment have on some currencies.How that turned out it remains to be seen

Replacing of dollar won't anytime in the short or later. As the usage of cryptocurrency keeps increasing it might contribute in a large scale to the growth of the economy. Dollar is something beyond the cryptocurrency, it can be of the usage or it can be based of the trust it has gained from its historical value.