Bitcoin Forum

Economy => Economics => Topic started by: Sama517 on August 30, 2018, 11:33:41 PM



Title: Please, we should not totally eliminate fiat currency
Post by: Sama517 on August 30, 2018, 11:33:41 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: harizen on August 30, 2018, 11:38:44 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

It will not happened even for a decade. Don't worry.

Most people here just expecting too much without looking at the reality and the massive effect of it.

Crypto will grow more but fiat will still be there.

This will take a long discussion so I will leave a simple statement first.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Muzika on August 31, 2018, 01:02:14 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

it is hard for cryptocurrency to overtake the fiat currency in transactions many people will still use the traditional way of transacting in business and other kind of buying or selling good products, and also as what you indicated above many countries in the world are still in the 3rd world classification meaning not all places in a particular country has the internet connections and even computers.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Squa7ch on August 31, 2018, 01:06:10 AM
Of course we cannot.
Not 100% of the world population having the access to the Internet. What's more, not everyone understand how blockchain works and how to use crypto, not mentioning people who dont know how to use a computer.
There's a lot of things to do before crypto even becomes popular around the globe. We shouldn't worry about cashless society now.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: terrific on August 31, 2018, 01:18:36 AM
Even without computers we can use crypto if we have smartphones but we can't use it if there's no internet.
We can't fully eliminate fiats, this is the truth for now because of the modern technologies that are emerging.
People can't decide on what they can trust and use but for us crypto rocks!


Title: Re: Please, we should not totally eliminate fiat currency
Post by: patz22 on August 31, 2018, 02:00:33 AM
Even without computers we can use crypto if we have smartphones but we can't use it if there's no internet.
We can't fully eliminate fiats, this is the truth for now because of the modern technologies that are emerging.
People can't decide on what they can trust and use but for us crypto rocks!

It will take time. I agree with OP. How about the countries which have high poverty rate wherein not all people afford to have a smartphone. Crypto is the future but as I said it will take time for us to be transitioned to a paperless society how about the government owned banks I don't think they have plans in getting into blockchains. We have to consider a lot of factors before all of this will happen.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: The Pharmacist on August 31, 2018, 02:12:07 AM
Don't be so quick to judge what "most of us want" by what's posted on bitcointalk.  That's like trying to determine everyone's thoughts on radical feminism by looking at Twitter posts.  It's very biased.

I, for one, don't want to see the end of fiat.  If that ever comes about, we're screwed, even if it's bitcoin that takes over.  That would mean that governments have failed, and most likely the world economy will have as well.  I want to see fiat continue and not get into some sort of hyperinflation situation where it's worthless.  There's nothing as anonymous as paying with paper money, not even bitcoin.  And I highly doubt there are many intelligent people here who really want fiat to fail.  You may as well be wishing you'll starve to death.

Even without computers we can use crypto if we have smartphones but we can't use it if there's no internet.
That's what scares me about crypto and even internet banking, debit cards, and all that.  If you've got cash you can use it anywhere in the real world, but if you've got no internet or lost your debit card and you have to buy something and all you've got are electronic forms of money, you're screwed.

Lmao you say that like it's our choice.
Yeah, and then there's that.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: jseverson on August 31, 2018, 02:21:56 AM
Lmao you say that like it's our choice. Even if everyone who owned Bitcoin wanted to replace fiat, it's not going to happen. They're going to exist for as long as governments exist, and there are no indicators that the entire world will fall into anarchy anytime soon.

All people can really do is choose not to use fiat, and the hope is that Bitcoin would actually make that choice feasible.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Mhd-Bobbi on August 31, 2018, 02:44:15 AM
Even without computers we can use crypto if we have smartphones but we can't use it if there's no internet.
We can't fully eliminate fiats, this is the truth for now because of the modern technologies that are emerging.
People can't decide on what they can trust and use but for us crypto rocks!
Yes Of course they won't be able to produce crypto if they don't have internet, I think the importance of the internet is in their area so they can learn about the introduction and development of crypto so they tend to be more familiar with crypto.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: STT on August 31, 2018, 02:59:48 AM
Even without computers we can use crypto if we have smartphones but we can't use it if there's no internet.
We can't fully eliminate fiats, this is the truth for now because of the modern technologies that are emerging.
People can't decide on what they can trust and use but for us crypto rocks!

This is relevant to the most extreme edges of crypto in places like east Africa I think crypto standards are used across mobile phones and also maybe a FIAT standard.    With no good banking system available in those basic economies the ability to exchange value normal falls to US dollars and paper exchange, these are the people most remote from QE and Washington money printing and who ultimately pay the greatest inflation I think. 
Its very possible crypto can be used still in these cases but it would rely on peer to peer networks so perhaps with great latency to a real internet confirmation of the transaction.   Its possible alternate crypto standards are doing the most work in these cases.

The greatest growth possible comes from the smallest elements like this imo, very relevant to crypto future imo


Title: Re: Please, we should not totally eliminate fiat currency
Post by: deloreswest on August 31, 2018, 03:00:44 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I think its not eliminated but we only think the future could be cashless and thats mean there will be no more fiat which is it could happen naturaly cause development of cryptocurrency. But its sure takes time and its still imposible for this time.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: hatshepsut93 on August 31, 2018, 03:21:22 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Just like we had banknotes backed by gold in the past, we might get banks that will issue notes backed by Bitcoin in the future, and they will be easily prove that they hold coins by simply showing their address and signing a message. These physical Bitcoins can then be used in places without Internet access. Of course it won't be secure and trustless like the real Bitcoins, but still it's a solution.
But you shouldn't worry about it, because fiat won't die, governments will not allow it for as long as they exist, and it's unlikely that Bitcoin will ever get adopted enough to topple big governments.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: airdropwwani on August 31, 2018, 03:27:22 AM
I believe that the ratio of BTC and dollar will gradually change while coexisting and prosperous without being expelled as currency. Of course, as BTC's Share increases, the Internet environment around the world will be improved. From that point onwards, the dollar may be driven out in earnest, but it may change currency to Crypto currency like the USDT and it will be the currency that remains.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: pinkflower on August 31, 2018, 04:04:54 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

It will not happened even for a decade. Don't worry.

Most people here just expecting too much without looking at the reality and the massive effect of it.

Crypto will grow more but fiat will still be there.

This will take a long discussion so I will leave a simple statement first.

Most people here dont anymore. It was the first adopters of Bitcoin who thought of it as a tool for liberation from government unjust treatment that expected too much. The Libertarians and the gold bugs lol.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Snaic on August 31, 2018, 04:19:16 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
This will not happen in the next few decades. In order for the currency fiat to disappear, it is necessary that the decision is made by the state, and the state will never make such a decision if this is due to the transition to the crypto currency. It can refuse the national conventional currency only in case of switching to non-cash forms of payment in the same currency fiat, and not in connection with the transition to the use of crypto currency. And it will not be soon.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Flor1982 on August 31, 2018, 04:39:39 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I agree and even i have some Bitcoin and Altcoins in my investments still i will favor the fiat currency to continue to exist because not all people know how Crypto currencies will work specially the poor and the illiterate so it will be hard for them to learn about Bitcoin unlike fiat in which even the children know how to use it instantly.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: MAJICOIN on August 31, 2018, 04:52:08 AM
Fiat can not be eliminated from the world because many lives will be stopped and if we look at the network of fiat then banking industry is fully using fiat for transactions and i hope that fiat will still be used for multiple purpose which do not required any new technology. Fiat is much important for the community of illiterate people.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: jacee on August 31, 2018, 06:12:42 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Even with a lot of people wanting to replace fiat, technologically speaking, it's not yet possible. Cryptocurrency might be a more reliable and innovative way of payment but like you said, it is not yet widely adapted on every part of the world.
If it did happen, people like you will not have any problems on accessing it. If it's a currency that will replace fiat, that means it will be available in all the parts of the world even through the rural places.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: jerick06 on August 31, 2018, 08:09:04 AM
It is too impossible to eliminate fiat! There's a lot of process to make to eliminate fiat currency. And it doesn't mean that if there is a possibility to eliminate fiat, cryptocurrency will rule over because government in most countries are against crypto. Maybe if they will make our community cashless, debit card and credit card will be used.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: kryptqnick on August 31, 2018, 08:50:02 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

It will not happened even for a decade. Don't worry.

Most people here just expecting too much without looking at the reality and the massive effect of it.

Crypto will grow more but fiat will still be there.
But it is also only a matter of time before there's access to internet and terminals in shops with paypass option everywhere. As more people join the net, cryptos will become more and more useful. Fiat must go away eventually, just as it was created at a specific point of time not that long ago. The idea of not backing up the main currency and allowing potentially infinite supply was doomed at the very beginning. It's just that people couldn't find a better solution back then. As now we have it with a way of predicting the amount and mining coins gradually, we are bound to adopt it.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: h0lybyte on August 31, 2018, 09:07:28 AM
Even if 90% of the transactions goes through cryptocurrency, fiat will never be forgotten because it is a basic requirement to measure the value of any other asset.
It is now really the era of digitalisation and anybody can prefer a fastest way to conclude transactions but fiat will exist though


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Aikidoka on August 31, 2018, 09:10:01 AM
Perhaps they want to eliminate fiat currency because they already hold bitcoin. So, if the whole world starts using bitcoin, these holders will benefit from it because they already have it. I think I do not want fiat currency to be eliminated. Digital currency is a thing, and fiat currency is another thing. Digital currency depends on fiat currency. Without fiat, people cannot use money in real life. But I still am not sure why people want it to be eliminated.  


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Naughty Princess on August 31, 2018, 09:38:36 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I believe that there is no way to eliminate fiat currency because it is important though we have digital currency that exist and acceptable. Remember that small store won't accept it and not all place have good internet access. We still have our own money provided by the government to use everyday. Even bitcoin used everywhere it is convenient to used for big amount to transfer for fast and lesser fees to pay.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: CodyAlfaridzi on August 31, 2018, 09:54:45 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
People who want fiat eliminated probably don't understand the concept of fiat money. It's not about internet and terminals. If a government create a cryptocurrency and declare the crypto to be the legal currency (without any commodity backing), then it's still a fiat. The opposite of fiat isn't crypto, but a commodity-backed money.

Fiat money won't disappear as long as the current system of world and nations order are still in place.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Assface16678 on August 31, 2018, 10:08:31 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

We can say that there is anhuge possibility that the medium for using cryptocurrency will not reach rural areas. And that is the problem, but we cannot really say that those areas will not be reached by technologies. Time will come and people all over the world will rely on using internet amd that is the perfect time for crypto to reign. But as of the reality today, it is far to be true. But then we do mot wamt to close door to great opportunities.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Impulseboy on August 31, 2018, 11:59:40 AM
I agree, simply because there are still some countries out there that does not even have internet or a computer. If fiat currency will be eliminated completely those people in those poor countries will have the hardest time adjusting to cryptocurrency. Perhaps cryptocurrency can co-exist with fiat, right?


Title: Re: Please, we should not totally eliminate fiat currency
Post by: farosa on August 31, 2018, 12:37:28 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

In any case, it would take years for Crypto to be chosen as a payment method, then the internet will be absolutely everywhere. So the most irrational cause for its acceptance is the internet problem.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: ngano ba on August 31, 2018, 12:51:39 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

In any case, it would take years for Crypto to be chosen as a payment method, then the internet will be absolutely everywhere. So the most irrational cause for its acceptance is the internet problem.

Even if cryptocurrency will be legalized around the world ,but it will not totally eliminate the fiat currency, because cryptocurrency will be utilized  in areas where there is abundant supply of internet access , and fiat will be used as usual currency in places where there is no signal of internet, so it will not be eliminated.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: louie69 on August 31, 2018, 01:01:11 PM
I would agree that we need fiat currency in the current situation and the main objective I guess for btc is to be introduced as a digital currency and not totally created to eliminate the fiat money. Basically, in the near future people would understand that btc is here in the crypto community to become part of the currency evolution. BTC is more recognize as an investment and that is why more people had been getting involved because it gave them opportunity to  earn profit.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: laracastvue on August 31, 2018, 01:02:44 PM
Even if 90% of the transactions goes through cryptocurrency, fiat will never be forgotten because it is a basic requirement to measure the value of any other asset.
It is now really the era of digitalisation and anybody can prefer a fastest way to conclude transactions but fiat will exist though

Fiat is necessary because not every people can manage to earn cryptocurrency so banks will remain and bitcoins will be forever in our life due to its popularity globally.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: kristineirene on August 31, 2018, 01:03:17 PM
It's imposibble to happned there is still a lot of people don't know about the crypto there is a lot of country using fiat currency like for example in rural place that dont have even electric so i think we can use crypto but just in selected places.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: surfer43 on August 31, 2018, 01:15:46 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I guess no one would even try to eliminate fiat currencies. Fiat currencies make day-to-day transactions much more easier and secure which i think cryptos can't handle the day-to-day transactions. Cryptos are meant for paying for some commofity online and i guess that it is not always needed. Also cryptos are completely decentealised which would never allow them to rule over the centralised currencies.
Also bitcoins and cryptos are only meant for Smart peoples ;D http://imgur.com/gallery/GYgXwFW (http://imgur.com/gallery/GYgXwFW)


Title: Re: Please, we should not totally eliminate fiat currency
Post by: richminded on August 31, 2018, 01:21:24 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
You donít need to please in this forum because that things will not gonna happen. Fiat money will stay with us forever, always think that our government will not let that to happen even if cryptocurrency soar higher in the coming years. Fiat money is more convenient to use for an ordinary people, so technically this will stay.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: alfs75 on August 31, 2018, 01:32:54 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

actualy,in my own perception its hards to eliminate the fiat and create a cashless society,and its true thats there some country or places far from technology thats without having a computers or even internet facilities,therefore if this the legacy and aims of crypto would happen thats the whole worlds become a cashless society,then its happen so far,and we could not predict the right year.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: cuprice on August 31, 2018, 01:37:29 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Fiat will not totally eliminated without the proper coordination with all the concerns. It will take decade before this will happen and considering that not all country had supported crypto it's still a big question for full implementation of crypto.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: ronics on August 31, 2018, 03:18:21 PM
Not everyone uses computers Even though it will disappear a lot of different ways like a smartphone it can be used in crypto but they can not be used without internet connection.
We do not immediately eliminate the fiats, this is the right reason for modern technology development. all people can not decide what they should be using but for us the crypto is like a stone is very hard to break.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: KridNewoj on August 31, 2018, 03:36:46 PM
Fiat will not totally be vanished and eliminated even if bitcoin and cryptocurrency will be legalized all over the world , because there are places that have no internet access and this will make fiat currency  ,still be useful


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Renai0925 on August 31, 2018, 04:07:48 PM
I am not totally into removing fiat currency due to the reasons you have already provided. But there is no denying the benefits of moving into blockchain with the only drawback of difficulty of access to poor folks. But maybe in the future, this can be fixed also.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: virendarnagpal on August 31, 2018, 04:08:39 PM
I am of the opinion that we can not totally eliminate fiat currency.  Because crypto currency can be used only by using some equipment and internet.  May be possible that at some point of time my mobile / laptop is not working; I may not be able to buy the required service.  So for emergency circumstances fiat currency will be helpful.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Portia12 on August 31, 2018, 05:28:30 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Yes you are right in that case people will still wanting to use fiat in order to survive but for those who are able to invest on cryptocurrency then they are in a huge advantage.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Cripinggedang on August 31, 2018, 05:42:18 PM
that's for sure bro. we cannot eliminate fiat currency for now because not all people who can accept the existence of the krypto currency. maybe in the future it can happen


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Slow death on August 31, 2018, 06:51:29 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated.

You mean, "some people"

But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

humm, in my country no one uses crypto to buy anything, to be more direct, more than 80% or even 90% of people in my country have never heard of cryptos. I believe that 200 years from now all the countries of the world will adopt a single currency. it's a matter of time for this to happen


Title: Re: Please, we should not totally eliminate fiat currency
Post by: basyang on August 31, 2018, 08:44:15 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Yes. You are right about that. Do not worry. As of now, cryptocurrency can not replace physical money because their has an advantage and disadvantage if physical money will vanish. Personally, I am not agree in a cashless society. It is a brilliant idea to have acashless society but lets consider the other people who did not know the technology and just like what you said the rural areas without a signal.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: harizen on August 31, 2018, 09:26:41 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

It will not happened even for a decade. Don't worry.

Most people here just expecting too much without looking at the reality and the massive effect of it.

Crypto will grow more but fiat will still be there.
But it is also only a matter of time before there's access to internet and terminals in shops with paypass option everywhere. As more people join the net, cryptos will become more and more useful. Fiat must go away eventually, just as it was created at a specific point of time not that long ago. The idea of not backing up the main currency and allowing potentially infinite supply was doomed at the very beginning. It's just that people couldn't find a better solution back then. As now we have it with a way of predicting the amount and mining coins gradually, we are bound to adopt it.

Having internet is not the only key for these.

We have lots of things to consider and believed me, bitcoin will not solved all the problem. It's easy to say some solutions but in reality it's hard to implement. For fiat to be eliminated, it needs a global push. When I say global, it must be "all countries". Different countries have different approach about cryptos and no way all of them will have a same stand about cryptos even for many years to come.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: timerland on August 31, 2018, 11:03:28 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I don't think that it's up to us whether fiat will ever be replaced completely by bitcoin or not. I think that it's rather unlikely that it will ever happen, considering that as long as the government is functional, there will most likely be a fiat currency which is used within the jurisdiction of them.

What you raise is an interesting point. However, the fact is that even in rural areas now, internet connections are abundant. And don't forget the fact that bitcoin can be accessed using just a phone with no internet access in the most extreme cases as well, there are various services that do this.

I think that the major issue that these rural population face is not really not having an internet connection at all. They are underbanked, or unbanked, due to their physical distances from banks. Bitcoin can really be of help here, in fact, by offering a way for them to save and transact with the rest of the world.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: boksoon on September 01, 2018, 02:50:03 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.



Almost 90 percent users for each country to declared eliminating fiat currency but for this situation now people are not totally unite and not actually decide on what the best for currency use. Its a long long time to when did it happen so we have no worry about this fiat money will continue support and provide  fiat currency for crypto currency user.   


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Juggy777 on September 01, 2018, 03:17:05 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Yes it's true some people have posted about eliminating fiat, but those are 1% of the entire community, I do not share their views, and it'll never happen. It's pertinent to remember that fiat can be printed, and is practically unlimited, however bitcoins on the other hand is not. One can do odd jobs, and earn fiat however bitcoins is not affordable by all, also it's not easy to earn them. One of the biggest obstacles in enforcing cryptos for all is, that not all governments welcome it and hence this idea of eliminating of fiat can never take place.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: bangkit tri on September 01, 2018, 03:33:51 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Yes it's true some people have posted about eliminating fiat, but those are 1% of the entire community, I do not share their views, and it'll never happen. It's pertinent to remember that fiat can be printed, and is practically unlimited, however bitcoins on the other hand is not. One can do odd jobs, and earn fiat however bitcoins is not affordable by all, also it's not easy to earn them. One of the biggest obstacles in enforcing cryptos for all is, that not all governments welcome it and hence this idea of eliminating of fiat can never take place.
i think the fiat currency will remain solid until now. we hear a lot of the news because we are active in the bitcoin forum. whereas in this forum, the community is only slightly compared to the total world population. so realistically, it's still a long time for bitcoin to dominate


Title: Re: Please, we should not totally eliminate fiat currency
Post by: adpinbr on September 01, 2018, 03:48:16 AM
It would really be difficult to remove fiat money because this is where users or consumers feel the security of ownership.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Ridwan Fauzi on September 01, 2018, 04:03:15 AM
For those who have big ambitions to replace fiat currency by cryptocurrency are those who are already uncomfortable with the use of fiat currency they are more interested in using cryptocurrency as a transaction system. But of course, I don't agree with that a bit because I really need fiat currency for my daily life. Until now, cryptocurrency is still an illegal currency for use in my country. So, I only use cryptocurrency as a system to get profit either through trading or investment.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Irvinn on September 01, 2018, 07:32:28 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
We can not stop the use of ordinary national currencies of different states. Such a decision can only be made by the state itself. And the state will never take such a decision, because its money interacts with the economy of this state. In addition, there will always be a certain part of society that does not want to switch to non-cash forms of payment or crypto-ala due to various reasons.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: aoluain on September 01, 2018, 08:16:34 AM
FIAT currency cannot be replaced fully by bitcoin and crypto because  it offers society
a chance to progress through debt. Bitcoin cannot create a debt system like FIAT.

Everyone wants to progress in life whether they want to be self employed or want to
work for someone else. This puts certain demands on a persons financial situation
by way of food, clothing, education, transport and housing.

Everyone speculates to try and progress and we speculate with other peoples money
which the banks issue as loans. As we progress we are able to repay those loans and
avail of more and so on and so on.

Of course it goes wrong sometimes but that is a seperate discussion but Bitcoin cannot
offer this system i just explained so i am happy to use the fiat system for one aspect
of my financial life but bitcoin is truly a seperate part of my life


Title: Re: Please, we should not totally eliminate fiat currency
Post by: playbtcgame on September 01, 2018, 08:43:46 AM
Will it be possible at all to eliminate fiat totally? I don't think so because cryptocurrency and fiat moves hand in hand. I personally like making purchases with fiat curr ncies more than cryptocurrencies.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Fatanut on September 01, 2018, 09:03:35 AM
FIAT currency cannot be replaced fully by bitcoin and crypto because  it offers society
a chance to progress through debt. Bitcoin cannot create a debt system like FIAT.

Everyone wants to progress in life whether they want to be self employed or want to
work for someone else. This puts certain demands on a persons financial situation
by way of food, clothing, education, transport and housing.

Everyone speculates to try and progress and we speculate with other peoples money
which the banks issue as loans. As we progress we are able to repay those loans and
avail of more and so on and so on.

Of course it goes wrong sometimes but that is a seperate discussion but Bitcoin cannot
offer this system i just explained so i am happy to use the fiat system for one aspect
of my financial life but bitcoin is truly a seperate part of my life
At first I thought you were talking about the government being able to pay the nation's debts by printing more fiat. So I thought yeah, bitcoin can't do that since we can't just create more bitcoins out of thin air or simply print it. It has to be mined or bought. But your point went on about progression in a person's life and you started talking about loan. In issuing loans, the blockchain system surely doesn't have that. But fiat system doesn't have that to. It's the banks that issues the loans, not the system of fiat itself. It's not in its nature as both bitcoin and fiat are just mediums for transacting. In fiat, there's an institution that offers the loan (not fiat system itself) which is the bank. We can have the same thing with bitcoin. We can have an institution that grants loans as well and it's probably going to be banks again. It's just a different currency.

I think that the major issue that these rural population face is not really not having an internet connection at all. They are underbanked, or unbanked, due to their physical distances from banks. Bitcoin can really be of help here, in fact, by offering a way for them to save and transact with the rest of the world.
I don't think that's true at all. I live in a rather isolated province, rural area, and we still have multiple banks in here. There are also small scale banks that offers loans. In case of sending money, there are multiple ways that you can transfer money to another person now. Even small general stores are offering this service as it can easily be done with a phone and the phone doesn't have to connect to the Internet.

Also that begs the question, "Will the person he's transacting to is using bitcoin?" which begs the question "Will he be able to use it to do transactions with other people?" At the end of the day, the bitcoin has to be converted into fiat so we can use it to buy something. We're just still not at that point that goods can be bought using cryptocurrency, there's just not enough users.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: 1Referee on September 01, 2018, 09:23:38 AM
People wanting to get rid of fiat are keyboard warriors not understanding how everything works.

If you're so into Bitcoin, why would you even bother caring about fiat? Just keep using Bitcoin and ignore fiat where possible. Problem solved.

Fiat, regardless of how bad people think it is, does a way better job being money than crypto currencies do right now. People can keep hyping up crypto as much as they want, but they are either ignorant or just want to hardcore shill their investment. I personally think the latter is more likely since this whole space is filled with get rich quick noobs.

People should have an option to switch between currencies depending on which one is the most useful in a certain situation. In some cases that will be fiat, and in some cases Bitcoin.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: martinholly167 on September 01, 2018, 02:06:11 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
may be what we are talking about right now is not about crypto first, but how we can make a cashless society by using a digital currency, to make it digital it needs time, not every part of this world already have the capable technology


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Muzika on September 01, 2018, 02:37:14 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I think cryptocurrency purpose does not include the elimination of fiat in the everyday transaction of people even the subject of cryptocurrency became broad the use of fiat will still remains the same if people need to buy coins they will still use fiat as the main currency so it is impossible to eliminate the fiat in the sequence.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: mitchr4 on September 01, 2018, 02:56:08 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
may be what we are talking about right now is not about crypto first, but how we can make a cashless society by using a digital currency, to make it digital it needs time, not every part of this world already have the capable technology
Most people in various countries must be still use fiat money, only a few people use digital currency. Digital currency is probably only used by rich people or people who know about technology. This has become the habit of people from the past using fiat money, not any complaints from them when using it or to switch to digital currency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Zooplus on September 01, 2018, 03:59:03 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
may be what we are talking about right now is not about crypto first, but how we can make a cashless society by using a digital currency, to make it digital it needs time, not every part of this world already have the capable technology
Most people in various countries must be still use fiat money, only a few people use digital currency. Digital currency is probably only used by rich people or people who know about technology. This has become the habit of people from the past using fiat money, not any complaints from them when using it or to switch to digital currency.
IMO fiat currency will not really lose its value,but maybe lessen its usage as years goes by.But eliminating fiat currency might be impossible to happen knowing still majority of the people are still using it to buy their own wants and needs.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: lidd0512 on September 01, 2018, 04:10:12 PM
yes ,no computer, no phone ,no network, all of these situation will obstruct cryptocurrency from using. many people are just alternatively ignoring the reality.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Strufmbae on September 01, 2018, 04:19:14 PM
This will not happen for sure, time will come fiat will decrease or increase it's value but it will not be eliminated in the real world,  even thou many people wish to do that here in the forum but it will take a very very long time before that happens if it will happen.  I also wish fiat doesn't exist, it makes human beings dependent to a thing which cannot be eaten. 


Title: Re: Please, we should not totally eliminate fiat currency
Post by: 0t3p0t on September 01, 2018, 04:33:33 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Yeah sad reality about adoption as some of the places on earth don't even have electricity, network coverage or internet facilities as what you have said earlier wherein only fiat money is working as a main payment method. Here in my country I can say that there are places like that and it will take time for that place to have those facilities due to natural and complicated situations.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: mostkey on September 01, 2018, 04:51:11 PM
I do not think that we will eliminate fiat, but we only want to use innovations like this with technological advancements for the future, fiat will never be lost on this earth, cryptocurrency and fiat will always be together in accordance with their respective uses and advantages, in on the other hand that there are still many people who do not understand cryptocurrency and even ATMs no one knows exactly how to use it, those who think replacing fiat are just nonsense, too ambitious towards crypto, not thinking from the other side.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: aoihs00 on September 01, 2018, 05:00:18 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Doesnt matter if they write it over the flex board or in the amendment of rules and regulations, but I am sure that there is no way that fiat currency will get eliminated. The crypto currency are themselves very unlimited in their features and are not able to fulfil the needs of real world. I guess no matter what happens, fiat will always be there, may be in the new form in the future but surely it will stay as it is in terms of its use. Its a traditional currency and I dont think that people will let it go. Those who are in the crypto are just limited people who are more or less attracted to the crypto and want fiat to be closed soon enough. But that has got less chances of happening.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Agniya on September 01, 2018, 05:08:42 PM
It's too early to give up Fiat. Not all people are ready to do this. But I think it's only a matter of time.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: aoluain on September 01, 2018, 05:34:17 PM
FIAT currency cannot be replaced fully by bitcoin and crypto because  it offers society
a chance to progress through debt. Bitcoin cannot create a debt system like FIAT.

Everyone wants to progress in life whether they want to be self employed or want to
work for someone else. This puts certain demands on a persons financial situation
by way of food, clothing, education, transport and housing.

Everyone speculates to try and progress and we speculate with other peoples money
which the banks issue as loans. As we progress we are able to repay those loans and
avail of more and so on and so on.

Of course it goes wrong sometimes but that is a seperate discussion but Bitcoin cannot
offer this system i just explained so i am happy to use the fiat system for one aspect
of my financial life but bitcoin is truly a seperate part of my life
At first I thought you were talking about the government being able to pay the nation's debts by printing more fiat. So I thought yeah, bitcoin can't do that since we can't just create more bitcoins out of thin air or simply print it. It has to be mined or bought. But your point went on about progression in a person's life and you started talking about loan. In issuing loans, the blockchain system surely doesn't have that. But fiat system doesn't have that to. It's the banks that issues the loans, not the system of fiat itself. It's not in its nature as both bitcoin and fiat are just mediums for transacting. In fiat, there's an institution that offers the loan (not fiat system itself) which is the bank. We can have the same thing with bitcoin. We can have an institution that grants loans as well and it's probably going to be banks again. It's just a different currency.

I think that the major issue that these rural population face is not really not having an internet connection at all. They are underbanked, or unbanked, due to their physical distances from banks. Bitcoin can really be of help here, in fact, by offering a way for them to save and transact with the rest of the world.
I don't think that's true at all. I live in a rather isolated province, rural area, and we still have multiple banks in here. There are also small scale banks that offers loans. In case of sending money, there are multiple ways that you can transfer money to another person now. Even small general stores are offering this service as it can easily be done with a phone and the phone doesn't have to connect to the Internet.

Also that begs the question, "Will the person he's transacting to is using bitcoin?" which begs the question "Will he be able to use it to do transactions with other people?" At the end of the day, the bitcoin has to be converted into fiat so we can use it to buy something. We're just still not at that point that goods can be bought using cryptocurrency, there's just not enough users.

I was really making the point that people have debt, and have that in the only currency
available which it is offered in, FIAT. and yes it is issued by banks. IMO Bitcoin or any
agent like a bank cannot ATM offer bitcoin loans because of its volatility and
decentralised nature.

The thread title is about not getting rid of FIAT and I agree because I dont want to have
a Bitcoin loan I want it to be a payment system as well as a long term  investment of sorts
as it was designed to do and what it has sort of become.

Let Bitcoin do its thing but let FIAT do and be something different


Title: Re: Please, we should not totally eliminate fiat currency
Post by: mrcash02 on September 01, 2018, 05:50:17 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Yeah sad reality about adoption as some of the places on earth don't even have electricity, network coverage or internet facilities as what you have said earlier wherein only fiat money is working as a main payment method. Here in my country I can say that there are places like that and it will take time for that place to have those facilities due to natural and complicated situations.

On long term these places will have all the necessary requirements to adopt Bitcoin, if desirable. Actually, Crypto-Currency's impacts will be much more visible on long term, it's a natural process that happens slowly, especially in precarious places.

It's like electricity here. Decades ago there wasn't electricity in rural areas, but nowadays I don't know any houses that don't have access to this. It's a big achievement compared to the old times and in some decades, I believe people will say the same about Crypto-Currency. However, if fiat will disappear or not it's unpredictable...


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Dondont on September 01, 2018, 06:40:24 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I don't think that FIAT will be eliminated in this case, it will be very difficult to happen, FIAT reshuffle will be a very historic thing if it happens, what happens may only be the amount of usage, which will weaken, but the whole person will still need FIAT


Title: Re: Please, we should not totally eliminate fiat currency
Post by: supine on September 01, 2018, 07:43:11 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.


Fiat would never be eliminated in any aspect of the economy. It plays a vital role in the economic growth and people knew it as the only currency to be used directly and easier around every corner of the world. Digital currency might be on trend but it can't replace fiat that easy.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: pixie85 on September 01, 2018, 08:25:16 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.


Fiat would never be eliminated in any aspect of the economy. It plays a vital role in the economic growth and people knew it as the only currency to be used directly and easier around every corner of the world. Digital currency might be on trend but it can't replace fiat that easy.

Never say never!

Fiat can in time disappear because people don't need it. It's the form of payment imposed on us by the governments. Will the governments change their mind and allow us to get rid of fiat? Probably yes if they knew that we'd switch to a centralized cryptocurrency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Cacingkemi on September 01, 2018, 09:34:25 PM
It will not happen that fiat is needed in this world but it is better that we use crypto as a tool for trading transactions so that it is easier,we live in this world must follow a good development for a comfortable life.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: erominer on September 01, 2018, 11:06:13 PM
yes we should not, and even if most of us here want that to happen, i think that would be very hard or long way to go but we just don't know what's in store for us all.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: AimHigh on September 01, 2018, 11:11:00 PM
If we are basing to the updating or evolution of our technology i think it will posible that remove or replace fiat because we know new technology was coming and step by step implementing it for example textbook now we have ebooks in school we are now using it. So that step by step they removing the old version and change to the new technology.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Vaculin on September 01, 2018, 11:27:15 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.


Fiat would never be eliminated in any aspect of the economy. It plays a vital role in the economic growth and people knew it as the only currency to be used directly and easier around every corner of the world. Digital currency might be on trend but it can't replace fiat that easy.
Yes i agree on you.Fiat currency is something that we can never replace it easily because it's been here for us for such a long time and for sure a huge number of people still prefer to use paper money than digital currencies.Like in provinces where people are still not exposed to modern technologies so they will still use fiat currency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Nhor1011 on September 01, 2018, 11:38:34 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

   It will not happen that fiat money eliminate because it is used worldwide in all things anytime anywhere unlike digital currency which is limited in uses. We can't use it without internet connection and it can't be use also in some other things.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: vintages on September 01, 2018, 11:41:10 PM
People still hoping that the fiat currency will be eliminated are just being unrealistic because for what I know, we still need fiat currency to function in the society. Fiat currency is more like a symbolization of currency to their countries and I can never imagining the governments dumping it for cryptos. We should only be hoping that the bank and cryptos work in hands. I


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Ziskinberg on September 01, 2018, 11:46:52 PM
People still hoping that the fiat currency will be eliminated are just being unrealistic because for what I know, we still need fiat currency to function in the society.
Yes.Fiat currency still fulfill all our basic needs so it should not be eliminated as easy as that.Maybe in the future more people will be exposed to cryptocurrency but expect that lot of people too would still use fiat currency knowing they find it more easy to use and have been used of it already for a very long decade.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: slackcryptoz on September 01, 2018, 11:48:38 PM
At any time period there is nothing to worry about, the growth of fiat happens on its own. The dependence over fiat is much high compared to that of the cryptocurrency dependence. Also, there is no more possibility for the elimination of fiat currency considering the growth of cryptocurrency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Cryptoville247 on September 01, 2018, 11:49:26 PM
We can't totally eliminate fiat. If we end up eliminating fiat totally, how do we ecpect the old people to survive or the people in remote villages either to survive? We need fiat too.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: sempak bulong on September 01, 2018, 11:50:02 PM
For now Fiat will not be eliminated but in the future it will probably happen, as the development of technology is not impossible but the government will look at the economic conditions of all its people first.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: sandraonas on September 01, 2018, 11:53:37 PM
While fiats has a lot of disadvantage, there are also some good parts to it, it help governments tweak some policies that may be beneficial to all, it is also easy to use, no need for internet services. Cryptos should be an addition,not an outright replacement


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Kelvinid on September 01, 2018, 11:54:03 PM
For now Fiat will not be eliminated but in the future it will probably happen, as the development of technology is not impossible but the government will look at the economic conditions of all its people first.
I think fiat will still be widely used by people even how many years from now because using of digital currency should still be approved by all sectors of the government and this may take place maybe in the future.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: becak mesin on September 01, 2018, 11:56:33 PM
Fiat currency will never be eliminated and replaced by Crypto. Even though digital currency now is becoming a trend that offers much advantages and it is not only digital money, it is such as money industry. It can not change the fiat currency. Digital money just being an alternative currency which is used in certain transactions only.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: DeadCoin on September 02, 2018, 12:32:13 AM
Yes we need fiat currency and it will eliminated completely. Eventhough cryptocurrency is legalized by many countries still people in that country using fiat currency. So cryptocurrency is also used and at the same time fiat also used by the people. Cryptocurrency is another form of currency used by people because the transactions made by cryptocurrency anywhere anytime.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Altf4 on September 02, 2018, 01:18:08 AM
Fiat currency will not totally be eliminated ,for it can still be used to places ,that are not urbanized wherein the internet access will not be available or no signal at all, because cryptocurrency even if it will be worldwidely used ,not all places in earth can be internet access by everybody, so fiat currency csn still be used and not totally eliminated from the circulation of money.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: maculeth on September 02, 2018, 01:26:19 AM
yes, fiat currency must exist and so the traditional market must continue to run normally as usual. so that the economy in all sectors can run well.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Camster on September 02, 2018, 03:24:01 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

We can also trade gold and silver for products.  The only reason fiat is there is because we allow it. 

Fiat does give you privacy as well.  With all the KYC boys fighting to make sure we have to prove our ID before we use crypto the only place we will have privacy is with fiat, gold or silver.  The entire crypto movement will be lost and under government control because people were pissed about scammers and wanted their 55 shit tokens that are worth .82 cents because some guy who lives off of $35 a year had 4 twitter id's.  That's all fixed now though with KYC.  The govt has you by the balls and can see every transaction and the guy making 35 dollars a day is now making 150 a day.  Your sadly also now making 150 a day.  It's whats fair!



Title: Re: Please, we should not totally eliminate fiat currency
Post by: Jericka D Ranillo on September 02, 2018, 03:56:10 AM
Yes, there is no chance for fiat money elimate in this world. crypto and fiat ahve different purpose so both are good to be use. Dont worry about it, there are places like what you had said rural places whereby no technology. Crypto needs gadget and internet, and not all cant provide it. Social life has more use of money like buying food in public market.

Crypto is not fit on it


Title: Re: Please, we should not totally eliminate fiat currency
Post by: millionaireshs on September 02, 2018, 04:46:18 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.


Thats why we promote crypto currency to the whole world to replace fiat money to the people become convenient when it comes to process to any kind of transaction. We are not againts fiat money but we wanted to make fastest way of processing like this crypto currency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Irvinn on September 02, 2018, 06:06:32 AM
Nobody can replace the currency fiat with a decentralized crypto currency, because it is simply impossible. In South Korea, they experiment on replacing the local currency with their centralized crypto currency. To replace it with a centralized crypto currency is still possible, although it will be rather difficult to do technically and organizationally. Let's see how people take this innovation. I do not think that it is possible and necessary to completely replace local currencies with its own centralized crypto currency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: bocah cilik on September 02, 2018, 06:09:09 AM
Fiat currency will not be replaced quickly because I feel it takes a long time to change it with Cryptocurrency


Title: Re: Please, we should not totally eliminate fiat currency
Post by: thecryptohype on September 02, 2018, 06:16:03 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Central Bankers are in control, in the future you would be required to move to the City and use Cryptocurrencies to transacts. It will become a norm as a centralized digital currency is ideal to control the masses, whereas papers will fail over time. There will still be a use case for Fiat currencies but it makes more sense to get people to use a Digital currency since it's easier to govern people through a centralized monetary system that uses cutting edge technology

I would like to have a mix and not everything recorded on a distributed ledger!


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Rooster101 on September 02, 2018, 06:29:53 AM
Majority of the world's population uses fiat and government are not inclined to eliminate fiat because it is vital to their ecknomy and financial stability. Bitcoin and other cryptocurrencies will only replace fiat if the whole world turn to virtual currency as their new mode of transaction or payment. Fiat and cryptocurrencies can always co exist without eliminating the other currency and people will decide in which currency they will going to use.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: isaac_clarke22 on September 02, 2018, 06:36:00 AM
Chill there, you might be panicking too much but not as like those panic sellers. Fiat isn't gonna be eliminated although the technology advancement makes it look like getting replaced. It is just gonna be that those long-distance entities would just be able to transfer funds for specific purposes, but of course in the end I think it would still be realized or converted into fiat cash, like going from USDT to cash.
Think of it as a way that not all entities are meant to be converted from physical to digital.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Netnox on September 02, 2018, 06:45:05 AM
No one wants to eliminate fiat currency. Even the crypto-coins are traded versus fiat currency. But in the near future, the digital versions of the fiat may get more popular than the physical versions.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: cr7 on September 02, 2018, 06:58:05 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
For the complete destruction of Fiat money does not need a lot of time. To switch to the new format, the state needs one or two years. About credit cards also said (that it takes a long time), but now they operate even in the village!


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Kapee on September 02, 2018, 07:01:41 AM
It will not be all that easy to get rid of Fiat currency just like that. Fiat currency has been there since ages and i like to buy most of my things with fiat currency the more as compared to cryptocurrencies.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: LyQaN on September 02, 2018, 10:42:24 AM
Eliminating fiat totally will not be a right thing.It would take a long time for the world to get digitalize properly.To eliminate Fiat we need every store in our country to have an internet conncetion which is not possible so simply fiat currency is for sure necessary for our day to day transactions as it can used in a mall and even in a small store where we don't have internet connectivity for digital transactions. Moreover it is the most trusted and safest way to do our transactionss.So eliminating it will not be a good decision.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Limar0 on September 02, 2018, 11:15:43 AM
Elimination of fiat money to every country won't be happening. Not all areas around the globe are having electricity and internet connections so crypto is useless on those areas. Besides not all merchants are accepting bitcoin and other digital currency so its impossible to take fiat currency out of the picture in the real world.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Crafts12 on September 02, 2018, 11:21:16 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Removing or eliminating fiat money would be a great loss for everybody for a reason that not all the time cryptocurrency like bitcoin is applicable and appropriate in a situation. In addition, if the world will not have any fiat money then how would people, who is not comfortable in using technology, will use the money or digital money they have? especially when they are oldies. We all aware that they can't learn the mechanics of advance technology so easily.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: DooMAD on September 02, 2018, 11:46:47 AM
FIAT currency cannot be replaced fully by bitcoin and crypto because  it offers society
a chance to progress through debt. Bitcoin cannot create a debt system like FIAT.

Everyone wants to progress in life whether they want to be self employed or want to
work for someone else. This puts certain demands on a persons financial situation
by way of food, clothing, education, transport and housing.

Everyone speculates to try and progress and we speculate with other peoples money
which the banks issue as loans. As we progress we are able to repay those loans and
avail of more and so on and so on.

Of course it goes wrong sometimes but that is a seperate discussion but Bitcoin cannot
offer this system i just explained so i am happy to use the fiat system for one aspect
of my financial life but bitcoin is truly a seperate part of my life

Salient point.  It's fair to say that debt is being abused on a grand scale, in a way that's unsustainable over the long term, but it's not like the world would continue to function normally if we somehow succeeded in eliminating the entire concept of debt.  That's just not practical.  People simply need a better understanding of debt and perhaps demonstrate a little more responsibility around it.  But there's an important distinction between regular consumer debt and the gross, perverted monstrosity the banks play with.  They're taking it too far.  That farcical rehypothecated derivatives casino needs to be seriously curtailed before it implodes.  That's the kind of wholly reckless behaviour we have to thank for Bitcoin needing to be invented in the first place.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Bumblecoin on September 02, 2018, 11:56:46 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I agree with you fellow. There are things that we need not to be in a hurry. We must make it sure we are ready. When it comes to fiat money, it is not that easy to eliminate that today. We are not ready.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: liliano on September 02, 2018, 12:05:46 PM
Fiat for me will be useful for now because almost all of my daily needs are still using fiat because crypto is still a concept and a long debate to be accepted. For me there is a limit between fiat and crypto in terms of usage and benefits


Title: Re: Please, we should not totally eliminate fiat currency
Post by: vagsun on September 02, 2018, 12:23:43 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Absolutely true, without fiat currency, the economy cannot survive. In many backward and rural areas, the people are illiterate, and they don't know how to use smart phones and PC's. Moreover these people are mostly dependent on agricultural activities and are not able to afford smart phones. So these type of people are totally dependent on fiat, so if we will eliminate fiat, this means we eliminate rural people.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Taikkss on September 02, 2018, 12:31:11 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I agree with you fellow. There are things that we need not to be in a hurry. We must make it sure we are ready. When it comes to fiat money, it is not that easy to eliminate that today. We are not ready.

indeed all cannot be forced instantaneously in just a few years, there must be education and I believe it can only be continued by the next generation.

in this case the government must also make strong regulations so that crypto can be studied frontally, finally fiat will be digitally affiliated with crypto, but it takes time.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: djgtr on September 02, 2018, 12:34:47 PM
Even without computers we can use crypto if we have smartphones but we can't use it if there's no internet.
We can't fully eliminate fiats, this is the truth for now because of the modern technologies that are emerging.
People can't decide on what they can trust and use but for us crypto rocks!

It will take time. I agree with OP. How about the countries which have high poverty rate wherein not all people afford to have a smartphone. Crypto is the future but as I said it will take time for us to be transitioned to a paperless society how about the government owned banks I don't think they have plans in getting into blockchains. We have to consider a lot of factors before all of this will happen.

 Smartphone now a days is very common even living in the poor country had already smartphones maybe it is because they just wanted to have it as a communication and at the same rime work purposes. Though it is hard to achieve but they wanted. It is vwry easy to indulge yourself in this kind of activity it is because it is in demand and known everywhere.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: ajoygb on September 02, 2018, 01:19:31 PM
Don't worry it will not be elliminated abruptly but slowly and gradually. It will take some time to totally be elliminated as a currency. Expect it when total cashless be implemented.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Jingjess on September 02, 2018, 01:34:37 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I think it takes long time to eliminate fiat currency,as what you said,there are still many places like my country who can't access with internet and no electricity.Though we are in digital technology but still there are remote places that can't  be reach with internet.There
 are still lot to improves in my country so that this thing can be happen.



Title: Re: Please, we should not totally eliminate fiat currency
Post by: Escf4 on September 02, 2018, 02:11:58 PM
Even how popular and legit the crypto currency in all ovet the world but fiat currency will not be eliminated totally as other are projecting in the crypto currency era, fiat can still be used to places that are not internet accessable, so it may remain as currency to be use there.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: CoinEraser on September 02, 2018, 02:31:35 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

You don't have to worry about that. Fiat money will be around for a very long time and will certainly never completely die out. Credit cards could not displace fiat money either and from the looks of it, this will not happen through crypto currency. Someday crypto currency will certainly be used more often than fiat money, but until then it will still take a long time and even then some people will continue to use fiat money. Nothing will change that quickly. So don't you worry.  ;)


Title: Re: Please, we should not totally eliminate fiat currency
Post by: FlightyPouch on September 02, 2018, 02:35:52 PM
Don't worry it will not be elliminated abruptly but slowly and gradually. It will take some time to totally be elliminated as a currency. Expect it when total cashless be implemented.

I don't think this will still be a problem to us since this "cashless" era are still so far from now. I think we are dead at the time that digital currency are being made as the fiat currency or the main currency of a certain country. Fiat currencies will never be eliminated or defaced immediately, Bitcoin is the oldest crypto currency but still, there are no legit information about a country making a digital currency their own currency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: 7Dyoknga5 on September 02, 2018, 02:45:38 PM
You shouldn't worry about that yet buddy.

Crypto's are supported by some governments and some don't. One monetary medium has no value if it can't be used for transactions, especially in the general market.

You might go with barter system like accepting bitcoin for exchange of goods, but you that would also mean that you'll have to look for someone or something to accept it from you. As far as I know, big time resto's don't accept crypto's yet as a payment for delivery.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Olalomi on September 02, 2018, 02:48:03 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I think total elimination of fiat currency is not feasible for now because of various challenges ranging from inappropriate public enlightenment on how to use bitcoin (digital currencies),  inaccessible internet facilities, non availability of electricity in certain part of some countries especially rural areas however this would work in the developed countries if the citizens had the proper knowledge in the usage of digital currencies.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Kokoy on September 02, 2018, 03:37:41 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I totally agree with this and if this will happened ,probably people who doesnt have thr capability to be in line with this kind of currenxy will be isolated in the future society that we are going to have so better that we have to understand and appreciate the value of the traditional way of making transactions and the one that we are imposing to accept these days.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Zurbuchen on September 02, 2018, 03:46:10 PM
Yes i agree. We should not elimate the fiat currency because it represents our country. Also i think it would take quute sometime for us to elimate fiat currency. We all know thay people are all used of fiat as a currency. 


Title: Re: Please, we should not totally eliminate fiat currency
Post by: carlisle1 on September 02, 2018, 04:34:08 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
d

Cryptocurrency and fiats will be needing each other anytime soon,so stop worrying because fiat wonít be eliminated instead both of these two will become more stronger in future as they will be helping each other to support and serve the people for dealing the world


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Lagrood on September 02, 2018, 06:20:57 PM
Dear my friend, do you really believe that the crypto currency will substitute fiat currencies totally? I am absolutely sure that it is impossible in the near future. The world economy is designed on using fiat currencies and especially dollar. To change this situation it need to change the basic principles of the world economy. I think it would be nice to test a crypto currency as a national currency in any quite small country. It may be like a live training where we will be able to examine benefits of using a crypto currency as a prime national currency, I mean that w need to have a real example of using a crypto currency in a country as a national currency to begin talking about substitution fiat currencies.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: suzanne5223 on September 02, 2018, 08:19:01 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
You're right OP because everything about cryptocurrency have to do with the internet and most of the rural area don't have access to it and I heard some new project are creating a physical crypto currency which i have not confirm yet. However, the cryptocurrency community are just talking about eliminating fiat currency due to the affection we have for cryptocurrency but we both know that the government won't let it happen.
Meanwhile, this was the reason why some country like China ban bitcoin.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: BertoloyBTC on September 02, 2018, 08:54:11 PM
The fiat money will not be totally vanish or out of the circulation of the medium of exchanges,because there are places with no adequate supply of internet access and crypticurrency can not be applied in this areas ,so fiat currency can be utilized in this areas.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Kimi80 on September 02, 2018, 11:35:13 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

It will not happened even for a decade. Don't worry.

Most people here just expecting too much without looking at the reality and the massive effect of it.

Crypto will grow more but fiat will still be there.

This will take a long discussion so I will leave a simple statement first.
Exactly. Even for a decade, I would add even for a century won't happen. And the reason for that is applied up, world will have to look much different than now, to be completely globally connected so that crypto could even have a chance to replace fiat.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Baekhyun on September 02, 2018, 11:48:47 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
why are you so worried? all opinions that say that fiat money will lose to cryptocurrency is just a speculation, Fiat money will continue to be used while crypto continues to grow. Moreover, not all regions can accept crypto because technology is not evenly distributed in some regions.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: airdrophunter on September 03, 2018, 04:23:54 AM
As cryptocurrencies' popularity is high and one of its goal is to be the good alternative for fiat currency, then there is really that perception from people that fiat currency will be replaced by crypto soon. But let us not forget and consider that there are still people who don't want to use crypto and that they are computer illiterate and lived in low class country.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Ekimzjames20 on September 03, 2018, 05:32:37 AM
As cryptocurrencies' popularity is high and one of its goal is to be the good alternative for fiat currency, then there is really that perception from people that fiat currency will be replaced by crypto soon. But let us not forget and consider that there are still people who don't want to use crypto and that they are computer illiterate and lived in low class country.

Elimination of fiat currency at this time is far to happen because there are many places that don't have a computer  and network site, even electricity they don't have. I think we both need digital currency and fiat currency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Dimon8 on September 03, 2018, 07:20:16 AM
I think that the fiat will not be completely taken out of circulation, but will reduce the amount of cash circulating money. Countries rich in resources are constantly increasing the gold reserve, gold standard can again be introduced and the working cash will be backed up with gold.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Btcmicel on September 03, 2018, 07:28:49 AM
I think that the fiat will not be completely taken out of circulation, but will reduce the amount of cash circulating money. Countries rich in resources are constantly increasing the gold reserve, gold standard can again be introduced and the working cash will be backed up with gold.

Fiat is used in how many decade, so i think it will not gone, it will still exist in a life time with the cryptocurrency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: ganlianshifu1 on September 03, 2018, 10:30:49 AM
The fiat currency will not disappear! The currency currently circulating on the market is not legal currency!
The cryptocurrency is only a supplementary currency for legal tender!


Title: Re: Please, we should not totally eliminate fiat currency
Post by: grey007 on September 03, 2018, 10:34:52 AM
Strange to see the excitement about the disappearance of Fiat.
In my country all calculations with money are made only in fiat at the legislative level.
I do not think that the Fiat will disappear once...


Title: Re: Please, we should not totally eliminate fiat currency
Post by: bajingluncat on September 03, 2018, 10:41:25 AM
completely eliminating the real fiat currency might just be a dream, because the reality is very difficult, there are many factors that hinder the start of culture, low levels of education, uneven technology especially if the country is left behind and the country is in a complicated situation, so it might not be eliminated but suppress and reduce the function of fiat currency itself but in practice fiat and kripro must be able to walk side by side and complement each other's shortcomings


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Neraj Evad on September 03, 2018, 11:14:51 AM
The popularity of bitcoin is slowly penetrating to the places all over the world, but cryptocurrency might not totally eliminates fiat currency ,for the reason that places without the access of the internet, could not utilized the function of the digital crypto currency which need to be on line and connected to transact this digital activities , so the absence of this make fiat money be useful as usual.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Metall303 on September 03, 2018, 11:34:57 AM
I think that people's opinions on the forum will not affect the decision of the governments in relation to the currency. Do not worry and do not panic.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: YinShuiSiYuan on September 03, 2018, 12:36:27 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

It will not happen. At least not soon. The world economy is based on fiat money and cryptocurrencies are a very small part of it. Financial institutions are not interested in popularizing cryptocurrencies so they certainly will not facilitate this.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: enhu on September 03, 2018, 01:08:58 PM


Come on. There is no way the government are going to rely the economy to digital currency where they have no control over. The resistance is just too strong that we ourselves can't live without fiat. It will not happen in our lifetime and probably not even when our children gets old.  Unless they will create their own centralized coins, a government owned coin running on blockchain.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Scavagers on September 03, 2018, 01:09:34 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I think as of now, cryptocurrency still has no chance to overpower fiat. Still people believe on the capacity of bitcoin but dominating fiat would not be possible as of now. I think if that will happen, I would not be able to witness it because that will take too much time to take place. There are many factors to consider and a decade or two will not be enough.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: chaoscoinz on September 03, 2018, 01:48:57 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Quite right my friend! Regardless of the trouble people say it causes, there are some scenarios where physical fiat money is the only option.
 The sad truth is that not everyone is fully connected yet. There are now more people than ever before with access to a smart cellular phone. There are even more who now have access to a basic mobile phone device.
    To eliminate fiat completely would be a complete disaster. A first world country may indeed be the first to have a cashless society, somewhere in the distant future maybe.
As of now, not so much. Fiat isn't going anywhere, anytime soon.
   One day in the future, once everyone in society is properly educated and rightfully equipped, then maybe fiat will be discarded and digital cryptocurrency will be the replacement. Maybe...
   Let's not forget about the mom and pop stores who haven't made it into the digital age yet, which to them crypto may be likened to something out of Star Trek. What about the street vendors, or the ordinary Joe's who just want a cup of joe before work? I don't think crypto fits their forte, at least not in it's current form. It would need to be more "User Friendly".


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Commitments on September 03, 2018, 02:27:36 PM
Yes we should not to eliminate and remove or leave fiat currency for our live, look at how many people was get profit and take more benefit with cryptocurrency. we have learn at the people get profit with bitcoin and cryptocurrency investment.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: hyadumadha on September 03, 2018, 02:31:01 PM
It will not happen in the short time my friend, more precisely it will not happen before the global financial crash happened of course. And it will need a more technological infrastructure that can cover all the internet needs in all the world. So, take your time to buy land and farm.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: justspare on September 03, 2018, 03:55:26 PM
it is hard for cryptocurrency to overtake the fiat currency in transactions many people will still use the traditional way of transacting in business and other kind of buying or selling good products, and also as what you indicated above many countries in the world are still in the 3rd world classification meaning not all places in a particular country has the internet connections and even computers.
Yes, it is very hard considering the fact that even government will not allow that. Fiat will still remain in a way, blockchain technology will be utilized by most banks in bringing about a new form of currency and apparently, there would be more interest in it as time goes on.

Nevertheless, this is something that can only and easily be applicable to developed countries and some developing countries. Like you said, in most of the third world, it would really take a huge one to be able to eliminate fiat. Still, no matter how much some may want fiat eliminated, this is one thing that is not very possible. Like you said yourself, there are still a lot of things we will always need fiat for, and apparently, no government can allow fiat to just get eliminated like that without at least a fight.

The best case in this whole issue is to have both going hand in hand just like it is, which is something I expect anyway as it is not everyone that will have a chance to make use of crypto as not everyone sure do have a chance to accessing technology or being vast in it.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: krishnaverma on September 03, 2018, 04:06:46 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I am also against completely eliminating fiat currently.  This can result in a number of problems especially in developing countries.  At such places,  there is still a lot of illeteracy and thus people will not be able to use crypto efficiently.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: BaraxLo on September 04, 2018, 06:51:44 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
You just need to understand that most of the people here are very crazy and they just say whatever that comes to their mind without thinking about it or the possibility of such a thing happening, they just think straight. Such a thing is not going to happen, itís all about choices and Bitcoin is just an internet money and if you want to make use of Bitcoin itís just your choiceÖ if you decide you need fiat, then go for it.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: stellgod on September 04, 2018, 06:59:35 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I think as of now, cryptocurrency still has no chance to overpower fiat. Still people believe on the capacity of bitcoin but dominating fiat would not be possible as of now. I think if that will happen, I would not be able to witness it because that will take too much time to take place. There are many factors to consider and a decade or two will not be enough.
We do not have to compare it and cryptocurrency has no such target to replace fiat currency but is only to help us out using the easiest features for frictionless transactions etc. Fiat currency could only be replaced by crypto if government of a country announces it just like Japan where crypto currencies are rocking and many several countries where it is using besides their fiat currencies.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: yonjitsu on September 04, 2018, 07:19:05 AM
That's close to reality while having a cashless society is far away from reality too. There's really pros and cons using bitcoin an crypto as well as fiat currency too but in my opinion, fiat currency will remain along with cryptos because not all people can afford to use bitcoin and cryptos.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: BitcoinMarketer39 on September 04, 2018, 09:42:06 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Even though everyone wants fiat to be eliminated, not every people can still invest on cryptocurrency and that is the reason why it should not be used by everyone on different countries.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Idrisu on September 04, 2018, 09:55:26 AM
Fiat currency has it own role in our current economic development and we are to really becareful not to push it aside because of the discovery of cryptocurrencies and what it can do. I think time will come when blockchain technology will be used in producing fiat currency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: mjloulie on September 04, 2018, 10:19:01 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Fiat currency will not be eliminated ever. We use it in a day basis in our everyday lives. Yes, we are now living in a digital world and many people now using cryptocurrency on their payment transactions but still we cannot use it at all times. Fiat is important and  it has been part of our life since ages. Fiat will stay no matter what.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Cindykhato on September 04, 2018, 10:19:13 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Yeah we can still use Fiat for many years or decade as this will not easily eliminated even if crypto will become mainstream. We had different understanding about crypto that's why not all countries had supported this technology.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Siren on September 04, 2018, 10:34:42 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

LOl even how we wanted to it will never happen,because that possibility is far from reality from now until the world end fiats will be needed for transactions for the reason that internet will never available anytime and everytime in some areas so thats why we should consider this as a truthful and will never change

Fiat currency has it own role in our current economic development and we are to really becareful not to push it aside because of the discovery of cryptocurrencies and what it can do. I think time will come when blockchain technology will be used in producing fiat currency.

What?Blockchain will produce fiat?What a fool interpretation of the situation ,put this in mind noob that fiat is physical,and crypto is virtual.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: sirohige on September 04, 2018, 10:46:12 AM
I don't think that will happen, Fiat Currency will still be there and so many will use Fiat Currency to make transactions and Fiat may be integrated with cryptocurrency so you can buy Fiat using cryptocurrency and vice versa.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: 1NV3ST0NM3 on September 05, 2018, 08:23:01 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Exactly, people are forgetting that the ease with which fiat currency can be used. It simply gives and takes system, no technological difficulties. So anyone can use. But cryptocurrencies are quite complex to use. The minimum requirements to use it are a smart phone and a good internet connection. So how the poor people and the illiterate people would will use it. Thatís quite impossible.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: proxydomain711 on September 05, 2018, 08:53:49 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
We cannot eliminate fiat currency, not in this era. But maybe when centuries later when almost all parts of the world are coping up with the advancements in technology, then that's the time it may be possible. But for now and future years, the chances are less.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: andriw on September 05, 2018, 08:57:09 AM
But there are provinces in South Korea, Gyeongsangbuk-do, who really want to change their local currency with Crypto, check the link below:
https://news.bitcoin.com/korean-province-local-currencies-crypto/


Title: Re: Please, we should not totally eliminate fiat currency
Post by: trickyriky on September 05, 2018, 04:48:21 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Fiat currency will not be eliminated ever. We use it in a day basis in our everyday lives. Yes, we are now living in a digital world and many people now using cryptocurrency on their payment transactions but still we cannot use it at all times. Fiat is important and  it has been part of our life since ages. Fiat will stay no matter what.

Why does everybody that is dealing with the cryptocurrencies think about eliminating of fiat? It WILL NOT HAPPEN. Unfortunately, the Internet connection is not available everywhere, and the level of life of many people is miserable.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: momoore1989 on September 05, 2018, 05:41:39 PM
It's very possible crypto can be used still in these cases but it would rely on peer to peer networks so perhaps with great latency to a real internet confirmation of the transaction.Its possible alternate crypto standards are doing the most work in these cases.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: tambok on September 05, 2018, 06:15:44 PM
It's very possible crypto can be used still in these cases but it would rely on peer to peer networks so perhaps with great latency to a real internet confirmation of the transaction.Its possible alternate crypto standards are doing the most work in these cases.

Not for now, I think that it is too early for now to eliminate the use of fiat, we should still consider it for now as we need it in our daily life, after a decade or so it will be the best time to evaluate whether we are going to push for cryptocurrency or to fiat but so far we need them both as it is not that easy nowadays to transact in crypto as not everyone accepting it.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: KorakPawon on September 05, 2018, 07:18:03 PM
yes, your opinion is that the affordability of the technology media is still limited, one example is that there are villages that have not entered even there are those who do not know what computers and the internet are at all except children whose schools are taught by their teachers. the problem is that digital money is applied.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Tigorss on September 05, 2018, 07:36:39 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
having crypto as the currency surely doesn't mean the fiat should be totally eliminated. still, we need variety of currency to make people's need easier to fulfill, as the alternative way, just in case we get trouble with one of the currency, except crypto currency has officially announced as the legal one. If it happens that way, we wouldn't need fiat currency again.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: renz0 on September 05, 2018, 08:29:55 PM
I bet fiat money can't be totally eliminated. Normally, those people who belong to the middle or high-class family are the ones who can enjoy using crypto as a mode of payment in their online transaction. While who isn't advance technology thinker will remain using fiat money as their regular currency. That makes fiat money not to get eliminated.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Omnipotent1 on September 05, 2018, 08:47:24 PM
Of course not. If we eliminated fiat, then it would be replaced by a government's own virtual money. That's what they are doing it in some country, and what it does it takes control away from the people. They always know how much you have, and you cannot hide it. You can't save it under your mattress if you wanted, or bury a million dollars under your house.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: qwerty12 on September 05, 2018, 09:08:25 PM
Well, I think, crypto will not really eliminate fiat currency, not in the near future, even in the future. What is likely to happen is that the blockchain will be used for interbank transactions using fiat currencies. And I think Cryptocurrency will as an alternative to fiat money in certain situations.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: xena2 on September 05, 2018, 09:18:56 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I think digital currency will exist with the fiat money, maybe there is a chance that digital currency will be more used in the urban area but as you said how about the rural area. If our economy and technology improved I think those area will also adjust. But even though that would happen, fiat will still exist with competence with digital. They have different purposes and are both important, let's just see what would happen in the future.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: jak3 on September 05, 2018, 09:27:50 PM
That is true, many people do not have access to the internet till now and there are still surviving because of the bank. we must say that we did not include those people who did not get involved in the internet like farmers and other workers who do not even have a proper mobile phone. Banks are bad but at least they are trying to do something and take some profit from it all we can do is keep the Bitcoin as an option of payment method and not the only payment method.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: boled on September 05, 2018, 09:46:47 PM
this will not happen in the near future. not in normal cases. technology doesn't necessarily change everything in the blink of an eye. we all have to be wise in dealing with changes in the world. but we also cannot close our eyes that time goes on, changes always occur. I believe that the crypto world can bring positive change. both in terms of material and technology. and crypto isn't always about money.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: ylnar123 on September 05, 2018, 09:50:07 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Fiat will not be eliminated bdue to circumstances that there are many products that are not tradable online. Also, cryptocurrency is backed by Fiat currency. So in other words, crypto will not exist if there is no Fiat backing it's value.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Harrisonimo on September 05, 2018, 10:18:52 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.


I do believe that no matter the technology take over by cryptocurrency, there will still be areas where fiat will still be used/can't be scrapped. Also, I want to believe, the process of cryptocurrency taking over will be a gradual process and not just instantaneous.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Dreamchaser21 on September 05, 2018, 10:42:42 PM
this will not happen in the near future. not in normal cases. technology doesn't necessarily change everything in the blink of an eye. we all have to be wise in dealing with changes in the world. but we also cannot close our eyes that time goes on, changes always occur. I believe that the crypto world can bring positive change. both in terms of material and technology. and crypto isn't always about money.
Yeah, this is not just about money but its more on developing new technologies. I believe fiat money will still remain to easily determine the value of cryptocurrency and of course to make people more liquid. We should not eliminate fiat money, we still need it and it will never be replace.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Walter789 on September 05, 2018, 11:28:06 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.


Yes definitely we should not do that. probably cryptocurrency is very popular and even though cryptos are good way to earn additional profits but we can't deny that after all our works in virtual world we couldn't eliminate fiat. Since fiat money is very important as what you said before like in rural area can possibly aware on that modernization. I think maybe after all of people's hardworking and marvelous intelligence they can't vanish fiat after all.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: pitiflin on September 05, 2018, 11:38:35 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
No fiat shouldn't be eliminated and won't be eliminated. Like do you really expect governments to keep their hands tied if fiat falls? Crypto is just meant to fulfill purposes that fiat couldn't and will work as each other's sidekick. Or something like that. How will you buy crypto if there's no fiat? ::) haters will say that, it can be mined. What if its pre-mined?  ::)


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Pattart on September 06, 2018, 12:21:53 AM
this will not happen in the near future. not in normal cases. technology doesn't necessarily change everything in the blink of an eye. we all have to be wise in dealing with changes in the world. but we also cannot close our eyes that time goes on, changes always occur. I believe that the crypto world can bring positive change. both in terms of material and technology. and crypto isn't always about money.
Yeah the development of bitcoin will continue to advance but that doesn't mean it will change everything, fiat will continue to exist because the government will always manage their local currency, and bitcoin or crypto only become part of a currency option for fiat is nothing more than that..


Title: Re: Please, we should not totally eliminate fiat currency
Post by: jamids on September 06, 2018, 12:31:28 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

It would be hard to eliminate fiat if not all people can use it that's why I think it is less likely that eliminating fiat would happen due to lack of resources when it comes to using cryptocurrencies. If a place doesn't have any internet connection then it would be hard for the people in there because they can't even use it and the only way for them to have trading is to use fiat so I think cryptocurrency would just be ideal for places that ha full internet connection and the merchants would consider adopting it.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Btcallans on September 06, 2018, 01:02:49 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Yes I agree with it. Up until now not all people now about how to use computers. In our country there are alot indigenous peoples who don't have enough knowledge regarding computers.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: gambitcoin53 on September 06, 2018, 01:16:28 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

true, some are to eager to eliminate fiats, stating their sentiments about the monopoly of fiats and everything, the fact that fiats are here way back many centuries, we have over used fiats and has brought us ease of using it. even today, some rural areas or countries did not used any fiats on their own, still using stones and metal as medium of trading, even fiats did not expanded in almost all parts of the world, why so excited about using crypto, not all big and small enterprise are internet based, not all people in every corner of the world has an internet access. in your country alone, not all has access on the internet and cellphones with data. therefore we cannot totally eliminate fiats.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: biletskiy on September 06, 2018, 01:42:05 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Even though everyone wants fiat to be eliminated, not every people can still invest on cryptocurrency and that is the reason why it should not be used by everyone on different countries.

Why do people think about such a possibility? Why should the cryptocurrency let the traditional money vanish? No, the crypto will never do it. Fiat will be used together with alts and BTC.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: paparexon0414 on September 06, 2018, 01:52:06 PM
I guess people will not replace fiat over blockchain technology. Eventhough the cryptocurrency is now a big hit, there are still things to consider. Fiat is part of one's culture and it embodies its value of the country. This is also differentiate each country. This is the symbol of each country that should never neglect. People are just having an advance thinking about it, but it will never happens in the near future. So no worries for now.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Blondy12 on September 06, 2018, 02:05:07 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I so agree with you. Aside from your reasons, their are still people in every community that are not used in using cryptos most especially the oldies who are not interested or should i say still ignorant in using technologies and lack of knowledge about the digital world because they are already contented of the kind of life that they used to have.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: alex.ac.ab on September 06, 2018, 03:36:13 PM
We need cash and we will use it.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Finestream on September 06, 2018, 03:58:34 PM
I guess people will not replace fiat over blockchain technology. Eventhough the cryptocurrency is now a big hit, there are still things to consider. Fiat is part of one's culture and it embodies its value of the country. This is also differentiate each country. This is the symbol of each country that should never neglect. People are just having an advance thinking about it, but it will never happens in the near future. So no worries for now.
I agree.I know blockchain technology has really a bright future ahead so i have high hopes that it will continue to grow and be popular in almost all countries in the world.But still i believe the use of fiat currency will still be in demand especially with those people in rural areas and for some senior citizens who are not willing to adopt changes anymore.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Wenmanong on September 06, 2018, 03:58:51 PM
As far as I know fiat currency will not disappear, let's us say that cryptocurrency is a big boom but that is not mean it will replace fiat


Title: Re: Please, we should not totally eliminate fiat currency
Post by: wxa7115 on September 06, 2018, 08:29:55 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
You are confusing fiat with physical money, we need a form of physical money because as you say not everyone is going to have access to computers or the Internet, that is correct but for that we do not need fiat, what we need is a form of currency that has been around for thousands of years and that the government cannot inflate the way they do with fiat, and fortunately for us we have a currency like that and it's called gold and silver.

So the elimination of fiat is probably not going to happen because governments are going to keep trying to get people to accept that form of money, but in theory we could use a combination of cryptocurrencies and precious metals and the economy will run fine.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: HSRP on September 06, 2018, 09:34:11 PM
Please rest assured that. At this point cash is important and even later. It is still practical for human life, especially to boost the economy. Continuing economic flow in the long run.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Lorin on September 06, 2018, 11:53:34 PM
Eliminating fiat money is not possible because not all are in crypto and there are still dont know what crypto is. Another is those who are i  place where elecritcity is not possible and doesn't have internet. Of course at some case we will be using fiat money in some situation  that crypto is not available. We can use both.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Hatuferu on September 06, 2018, 11:57:09 PM
Please rest assured that. At this point cash is important and even later. It is still practical for human life, especially to boost the economy. Continuing economic flow in the long run.
Cryptocurrency may go a long way but surely fiat currency will still remain since there will still be more demands from people who still prefer to use paper money than make a change and use a  newly digital currency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Aleth on September 07, 2018, 12:44:49 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Yes, it will take several  time or years before fiat to be elliminated  considering other people who don't know yet about crypto because they don't have access of it no internets and no gadgets. Don't worry my friend.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: WUUEX79 on September 07, 2018, 12:49:50 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

No one who's able to eliminate fiat currencies including the government as the # 1 country organizer. Because, there are so many people who have not been touched by internet media especially in underdeveloped countries. But, despite the world community have 100% use internet media. Fiat currencies, can't be eliminated/replaced by other currencies. Because, fiat currency's one of the nation's pride products which at the same time can be used as a medium of promotion both about cultural heritage as well as hero figures in its publishing country.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: RedzoneASE on September 07, 2018, 01:22:10 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I agree with you. As what I observe it is not necessary for the government to remove fiat since we have a new currency which is digital currency but if we put it into reality then this is quite impossible to happen.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Boromon on September 07, 2018, 02:32:29 AM
of course the fiat money very needed. because it would be very inconvenient if we must use cryptocurrency to buy our daily necessities. And of course the Government will not allow the fiat money is lost.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: UmitatsuKen on September 07, 2018, 04:37:58 AM
Dont worry about it, there are places like what you had said rural places whereby no technology. Crypto needs gadget and internet, and not all cant provide it. Social life has more use of money like buying food in public market.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Kamote_1102 on September 07, 2018, 05:23:10 AM
I agree with you. There are still some rural places in every Country that has not been civilized yet. many people are still living in some areas without electricity and Internet. if we're going eliminate fiat, what would happen to them? and besides, is the World prepared to be a Cashless society? I don't think so.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: justdimin on September 07, 2018, 06:28:49 AM
It is not up to us to eliminate fiat currency anyway. First of all crypto is not strong enough to eliminate anything, the best thing it was used for was provably fair on casinos, if you leave that aside there is nothing crypto and blockchain change that dramatically.

However, even if it was the banks have reacted a lot quicker, right now yes we do use cash for many things but mainly the amount of people who use their debit cards for regular purchases and their credit cards for bigger purchases is already insanely high which means people are using fiat banknotes a lot less.

Hence, banks are just moving digits from one place to other place instead of fiat actually being used, we are basically using tokens of those banks.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: naily on September 07, 2018, 06:49:58 AM
of course we cannot eliminate fiat currency unless the country is not already on the world map, and it is true that fiat currency can be used in an area that is not yet affordable for internet access


Title: Re: Please, we should not totally eliminate fiat currency
Post by: kwabeedat on September 07, 2018, 07:07:25 AM
Looking at the way various government, banks and financial/corporate institutions are rising against the use of crypto, the option will be that both crypto and fiat will coexist. With that it shall be a win win for both parties. My opinion though!!  ;)


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Bunsomjelican on September 07, 2018, 01:42:58 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

In our generation time now, Fiat currency will still be useful and it could take more years or decades. It is because, there lot of businesses/merchants that are not aware in digital currencies  whether Bitcoin or altcoins. due to for now Bitcoin/altcoins was being for online payment methods or sending money in different places of the country. 


Title: Re: Please, we should not totally eliminate fiat currency
Post by: valentine401 on September 07, 2018, 01:44:57 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Fiat currency will never be eliminated because there are a lot of people who are working in the corporate world and just earning a small amount of money and they are unable to invest on cryptocurrency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: bgaf on September 07, 2018, 01:57:19 PM
Of course we would still need Fiat even in the digital generation,
We would still need Fiat because for me putting all of your money in the mobile bank or connecting it in the internet is risky,
Specially for those who don't know how to secure their internet connections.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: sirminesalot on September 07, 2018, 01:57:59 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Fiat currency will never be eliminated because there are a lot of people who are working in the corporate world and just earning a small amount of money and they are unable to invest on cryptocurrency.
You are right because fiat currency is made by the country itself and is believed to be a legitimate payment system. Fiat currencies are also easy to use and store. if the missing fiat currency is impossible.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: kramat on September 07, 2018, 02:26:33 PM
Fiat money will not be left behind because there are still many people who want to use it and in every corner of the country it must be untouched by technology so they will continue to use fiat money as transactions as in many small countries


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Agapelove on September 07, 2018, 04:01:52 PM
Fiat money cannot be replaced by digital coins due the volatility of digital coins. Stability in the coins' price is one reason why digital coins aren't mainstream even with their high expectation.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: ocid on September 09, 2018, 02:13:03 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Of course, fiat currencies will always be available and can be used anywhere in every government. Even though the development of technology is currently more modern, all countries cannot easily eliminate existing fiat currencies because for every fiat currency country has its own history. on the other hand, modern technology in the form of digital currency certainly has drawbacks, one of which is that if we lose the internet network due to bad weather conditions, this digital currency obviously cannot be used by anyone.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Bitcotalk on September 11, 2018, 12:46:16 PM
Please rest assured that. At this point cash is important and even later. It is still practical for human life, especially to boost the economy. Continuing economic flow in the long run.
Cryptocurrency may go a long way but surely fiat currency will still remain since there will still be more demands from people who still prefer to use paper money than make a change and use a  newly digital currency.
At some point later on, I expect that the government and banks of most countries would have ended up adopting the blockchain technology and probably the printing of paper currency will come to a halt.

However, adoption of blockchain technology does not mean that eliminates fiat since it would still be in its centralized form as no government will want to partake in something they cannot control simply, so in that case, I believe both fiat and cryptocurrency will simply go hand in hand.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Allura74 on September 11, 2018, 01:02:27 PM
Fiat money cannot be replaced by digital coins due the volatility of digital coins. Stability in the coins' price is one reason why digital coins aren't mainstream even with their high expectation.
As of this time the fiat will still the mainstream money it is the official money regulated by central bank in every country, cryto currency still can't beat fiat but of time comes that internet is open for all then crypto will over rule fiat.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Charot12345 on September 11, 2018, 01:05:51 PM
I don't believe in a cashless society so elimination of fiat currency will never happen not now or the near future even though we are in a digital era. We canít totally eliminate cash because it can be hard to buy little things without cash. It was better to have cash and digital money.  We can say that we are in modern era because some people have modern technologies but how about the people who cannot adopt the changes because of the lack of finances or knowledge about it, like the person who are on the other side of the country who still donít know much about digital money so fiat is important


Title: Re: Please, we should not totally eliminate fiat currency
Post by: El_rancho on September 11, 2018, 01:30:57 PM
I agree, crypto might be huge and expanding at unknown rates but crypto
depends it's value entirely on fiat. We convert crypto's current market
prices to the actual prices it has on local currencies and dollars. I'm a firm
believer and supporter of crypto but I'm always gonna stick to fiat currency,
we grew up to it and were used to it's whole idea.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Domanity on September 11, 2018, 01:58:12 PM
I never thought Cryptocurrency would be able to eliminate Fiat money, even though Fiat was needed by the general public. While Bitcoin is only certain people who understand and can use it. only modern people who update are aware of Bitcoin and Cryptocurrency, while traditional people will still like Fiat Money as their payment instrument.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Nissan-GTR on September 11, 2018, 02:36:20 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I also dont want to live without fiat, and swallowing the life unaturally and purely dependent to the technology. Innovation was good, it make us the superior among the species that ever existed above the Earth but we must not forget about how successfully we become using only the fiat, the pioneers of trading uses fiat or even goods way back then seen the sincerity of business is present and the centralized way of having transactions doesnt make me excited it makes me scared for what may happened if better hacker come to the situation.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Coleth on September 11, 2018, 03:21:17 PM
as of the moment fiat is still very important, cause it is still use to buy food and commoduties. plus how can low people live witbout it since they are  not yet familiar with digital money. tbough i know that if will still stay and it will take long before its gone.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Ayush rana on September 11, 2018, 05:23:16 PM
Yes i agree we can't eliminate fiat from system because any country there are educated and uneducated people who may not be  adopt crypto as payment. To run economy we need centralised system fiat currency provides the same system but turn to decentralised system would make negative impact for countries.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: ziac on September 11, 2018, 06:19:16 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I dont know where you got your statistic most people here dealing crypto want to invest their fiat in hopes to double or tripple it via investing in btc.. Thats why we see price votality due to swings from demand and sell orders.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: gabmen on September 11, 2018, 06:31:12 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I dont know where you got your statistic most people here dealing crypto want to invest their fiat in hopes to double or tripple it via investing in btc.. Thats why we see price votality due to swings from demand and sell orders.

Well most people want to invest their fiat but i think a lot would also agree that it's inevitable to use fiat in a lot of situations right now, like what you've mentioned. Many would like to see crypto take over but they also know we can't yet go on solely on digital currencies and transactions yet.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Gila uang on September 11, 2018, 07:14:26 PM
We need cash and we will use it.


I think you don't need to worry about it, because the Fiat will not dead, the government will not let him during their there, and is not possible bitcoin will be adopted enough to overthrow the government's great. the same as we have paper money supported by gold in the past, we might get Bank will publish note supported by bitcoin in the future, and they will be easily prove that they are holding the coins with just shows their address and signed message. bitcoin physical this can then be used in places without Internet access. of course it will not be safe and unreliable like bitcoin true, but still it is the solution.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: spongegar on September 12, 2018, 04:00:51 AM
Very true. For us to actually be globally and purely crypto currency. We should see infrastructures at a global level where in everyone could access their accounts and exchange it for goods and services. These things will take time and an insane amount of resources to do but we will eventually get there. In the mean time, fiat wil do nicely.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Dongquensiar on September 12, 2018, 08:21:18 AM
It can still be used to places ,that are not urbanized wherein the internet access will not be available or no signal at all, because cryptocurrency even if it will be worldwidely used ,not all places in earth can be internet access by everybody, so fiat currency csn still be used and not totally eliminated from the circulation of money.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Ewinsane on September 12, 2018, 12:51:46 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Yes, it will take several  time or years before fiat to be elliminated  considering other people who don't know yet about crypto because they don't have access of it no internets and no gadgets. Don't worry my friend.
Fiats cannot be eliminated, do not deceive yourself. Even if it will, it won't be this generation. There are so many places a countries in the world right now where they are secluded from the things going on in the technological space and the only thing they simply rely on is the way things are being done already.

That is even by the way, no government will ever want to give up control and one way or the other, and they will find a means to either make both the fiat and crypto space go concurrently or find a way to pull it down.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Hanazawa on September 12, 2018, 01:04:07 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

This can't never be happen by eliminating fiat money in our life, although we this generation are slightly conquered by the virtual world. Because we know that there are several rural places that didn't reach by the cryptocurrency ecosystem so we can't just eliminate fiat money. I think we should wait the right moment that the crypto world are totally regulated and already known by the whole world.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: West0813 on September 12, 2018, 01:07:21 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Fiat is very usable and important in our daily life. We cannot eliminate fiat because there are still so many people who don't know about cryptocurrency. So fiat will still remain for a long time.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: bonammeo on September 12, 2018, 01:12:43 PM
Removing fiat is what will happen. But not now. There are still many backward places compared to the rest of the world. So we want to eliminate fiat, we need some time to be able to universalize bitcoin widely.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: jarojak on September 12, 2018, 01:13:14 PM
Lol, nobody can eliminate fiat currency.  Fiat currency will not vanished, they just going digital/electronic due to cashless trend on every modern transactions.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: ganlianshifu1 on September 12, 2018, 01:52:31 PM
The fiat currency will not die, as long as there is a country, the legal currency will exist!
The fiat currency will continue to perform its functions for a long time to come!
The legal currency is only slowly converted into digital currency, from banknotes to digital currency!


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Kakawate on September 12, 2018, 02:29:32 PM
In my opinion, fiat will disappear if it isnt needed anymore and there is a better way of doing transactions, but if not, then it will not disappear, as we go developing our technology, I think we will reach the point where everything is gonna be made new, and when that comes, I think fiat or paper money is gonna be eliminated as well.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: TranTrongit on September 12, 2018, 02:31:16 PM
I think it will not happen. fiat is still very good and important in everyday life. Many places in the world and many still don't have internet access. What will they be? crypto is only suitable for young people it is not suitable for the elderly.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: rosepetals on September 12, 2018, 03:21:20 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Its impossible that fiat would be face out.Cryptocurrency was one of our choices or option in doing transactions but it doesnt mean that we will be lossing fiat currencies.Those who uses cryptos are those who only knew its usage and sad to say that it is not totally widespread in the whole nation just like fiat did.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: yatogami on September 12, 2018, 04:16:47 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
"Most of us want fiat eliminated", but the greatest majority are here only to exchange their crypto for fiat using the most favorable exchange rate  ;D
No worries, it could take a very long time for crypto to replace fiat and there will be a lot of problems that won't have a chance to be resolved even in like 50 years.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: GunsLair on September 12, 2018, 05:41:46 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I completely agree with you. And what's more, I want to add that not everyone has even electricity. Even if such benefits of civilization are absent at people, then it's not necessary to speak about computers and the Internet. We can only hope that with time the technologies will develop rapidly and this will help people to get the most necessary things that they really need.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Osayo on September 12, 2018, 07:59:29 PM
In as much as I am a strong crypto fan, I also believe it will be highly suicidal if we decide to totally eliminate the fiat currency. Countries will no longer be able to plan a proper budget with crypto alone due to market fluctuations.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: noormcs5 on September 13, 2018, 02:42:22 PM
While fiats has a lot of disadvantage, there are also some good parts to it, it help governments tweak some policies that may be beneficial to all, it is also easy to use, no need for internet services. Cryptos should be an addition,not an outright replacement

Everything is to end one day and replace by the better technology. Same is the case with Fiat and it will be replaced by digital currency sooner or later. At the present it seems impossible to replace the fiat currency at is the backbone of the current financial system. Bitcoin and other digital currencies will take time to penetrate in this system and altogether replace it. One more thing is that Bitcoin value is too much volatile now a days and it needs to be stable in order to play a part as a real currency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Ctn on September 13, 2018, 02:49:46 PM
Very true. For us to actually be globally and purely crypto currency. We should see infrastructures at a global level where in everyone could access their accounts and exchange it for goods and services. These things will take time and an insane amount of resources to do but we will eventually get there. In the mean time, fiat wil do nicely.

Its not like that. Fiat will always be needed in any scenario because crypt currencies are not that widely spread yet though they look like one! The crypto currencies are just on the mouth of crypto lover and thats set. This is where it lacks the bridge to jump from the virtuality to the real world. I guess fiat will always be needed by us no matter what and it has also set perfect infrastructure on national and international level where fiat can be exchanged in a snapshot and thus very much useful. I dont think crypto will ever have that much efficient tech or infra in the near future.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: hashshashin on September 13, 2018, 02:55:55 PM
Crypto-currencies are gaining popularity and this industry is developing rapidly, but I agree with the opinion that crypto-currencies can not quickly replace cash, and many are not ready for it.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: carlisle1 on September 13, 2018, 03:01:23 PM
In as much as I am a strong crypto fan, I also believe it will be highly suicidal if we decide to totally eliminate the fiat currency. Countries will no longer be able to plan a proper budget with crypto alone due to market fluctuations.

Lol eliminating fiats will he impossible for the whole time of cryptocurrency and of rhe world

Yes it is indeed that bitcoin and all cryptocurrencies are the future money no question about that but lets not forget that cryptocurrency can support the financial usage of the world as internet is requied to use this but fiats are not,so in absence of one the other will support


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Ronyx on September 13, 2018, 03:22:19 PM
Why are you afraid, fiat will not disappear and will continue to be used for now and so on. Fiat currencies get the support of the government and the public more easily in their use, and that will make fiat currency still be used.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: coingrave on September 13, 2018, 04:06:05 PM
not even really close form happening, dont worry about it.
even if cryptocurrency will take over, fiat currency will still be in use.
cryptocurrency can replace fiat money as medium of exchange if there is no inflation.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: sulendra12 on September 13, 2018, 04:41:21 PM
Yes, that's true. Who is that dumb people who wants to make flat currency become useless and should have removed it. It's okay to fan with crypto, but remember that you need flat currency in your life to buy something that seller doesn't accept or they don't know about Bitcoin, so you need to pay in flat.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Jake Virus on September 13, 2018, 06:16:51 PM
Yes, that's true. Who is that dumb people who wants to make flat currency become useless and should have removed it. It's okay to fan with crypto, but remember that you need flat currency in your life to buy something that seller doesn't accept or they don't know about Bitcoin, so you need to pay in flat.

Well this is something we shouldnít worry about. Because I donít think fiat currency/fiat money could totally be eliminated and could totally replace by any other currencies, specifically cryptocurrency, which is still unused by alot of people today.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Blackamoh on September 13, 2018, 07:09:42 PM
in my opinion fiat currencies are very difficult to get rid of for the next few decades.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Btcalimie on September 13, 2018, 08:32:38 PM
I am sure that fiat will not totally be eliminated even if the cryptocurrency dominance is already demonstrated around world. Having a positive outcome with both fiat and cryptocurrency around the world economy.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Yramesor0 on September 13, 2018, 11:15:25 PM
Fiat money won't be eliminated. Only a small percent of the total population here in our country know about bitcoin and other cryptocurrencies. Besides, children and older people do not know how this thing works. They need a fiat money to buy something for themselves.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: pandanaran on September 13, 2018, 11:43:44 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Fiat will not disappear, why are you so afraid of that, the government strongly supports fiat for several reasons and I think fiat is really needed for a country. economists also say that cryptocurrency is very difficult to use as a payment instrument such as fiat due to price fluctuations.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: UconBit on September 13, 2018, 11:47:46 PM
It is not a question of wanting fiat completely eliminated. It will be more on it just gradually happening because it is just more convenient to more people. Perhaps it is not yet convenient to small businesses but give it time. It will get there. Kids today might not even know how it feels to bring cash with them. It's just how technology is.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: aeternus on September 14, 2018, 02:08:12 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
It is not like fiat is going to disappear anyway, in the worst case scenario if a financial crisis appears and shakes the confidence of the public in fiat currencies that is only going to move some people to alternative forms of payment like bitcoin but not everyone is going to accept this new type of currency and that's fine, more profits for us.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: mornabo on September 14, 2018, 02:56:39 AM
In as much as I am a strong crypto fan, I also believe it will be highly suicidal if we decide to totally eliminate the fiat currency. Countries will no longer be able to plan a proper budget with crypto alone due to market fluctuations.
Of course it is suicide, we cannot use and depend only on crypto to pay for daily needs? Moreover, not many parties accept payment with bitcoin right? of course elimination fiat will only complicate your life, except if bitcoin has been accepted wherever it will be different story


Title: Re: Please, we should not totally eliminate fiat currency
Post by: bitcoinrays on September 14, 2018, 05:35:26 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Of course, fiat currencies will always be available and can be used anywhere in every government. Even though the development of technology is currently more modern, all countries cannot easily eliminate existing fiat currencies because for every fiat currency country has its own history. on the other hand, modern technology in the form of digital currency certainly has drawbacks, one of which is that if we lose the internet network due to bad weather conditions, this digital currency obviously cannot be used by anyone.
This is irrelevant to say like this that we are eliminating fiat is totally wrong nor Bitcoin has the target to eliminate fiat and it can not as fiat is currency issued by government of a country and they have huge interest and profit in it. Fiat currency makes their economies and if they replace it with the modern system then errors and instability will much be raising.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: enogheghase123 on September 14, 2018, 06:17:44 AM
yes you are right, your points are very valid, but though lots of people like myself wants fiat eliminated, but that wont happen ASAP, so before we get to that point where fiat would be completely eliminated, modalities wont have been in place, so before fiat is completely eliminated, structure would have been in place to cater for the points you just noted.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: ronics on September 14, 2018, 07:11:37 AM
I do not quite eliminate a fiat money just because of the excuses you have given. But no one has been denied the benefits of moving to a blockchain right now with the only disadvantage of feeling the hassle of accessing people disturbed. But maybe in the future, it can be well and be successful.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Fortress12345 on September 15, 2018, 01:49:29 PM
It will never happen though crypto currencies is used by many people. We canít eliminate fiat because many people prefer fiat especially those who are in rural areas. The people who are civilized are still using cash even though they have all the means to use digital money like credit cards, transferring money, and buy and sell goods by the use of internet.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: denuhaqiqi on September 16, 2018, 04:10:14 PM
Of course fiat currencies will still be used in such a place, because in reality not all places have infrastructure and facilities that support online transactions. Fiat will still be there, but what is needed now is trust and recognition of cryptocurrencies that can be used as legal payment instruments such as fiat currencies. This is what we stand for


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Dudeperfect on September 16, 2018, 04:26:27 PM
Well even if we want to eliminate it, we cannot simply do it. The current literacy rate is not impressive on the global level, especially when it comes to the technology and since the basic knowledge of technology and internet connectivity is required for the cryptocurrencies, it is not possible for everyone to use it and hence they have only option to use regular traditional fiat currency to exchange values.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Wintersoldier on September 16, 2018, 04:33:06 PM
Lmao you say that like it's our choice. Even if everyone who owned Bitcoin wanted to replace fiat, it's not going to happen. They're going to exist for as long as governments exist, and there are no indicators that the entire world will fall into anarchy anytime soon.

All people can really do is choose not to use fiat, and the hope is that Bitcoin would actually make that choice feasible.
People would certainly choose cryptocurrency over fiat in the future, however we are still currently living in the present day where fiat serves a good role on transaction and in the market that would really help Bitcoin and cryptocurrency to experience changes and development.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Fitrilalala on September 16, 2018, 04:41:12 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
well the things is if crypto do able to become a currency and could act as same as fiat currency did i believe we would not need fiat anymore. At first it would be hard but as the day goes by it would become common thing and that what i call cashless society.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: drm on September 16, 2018, 06:15:28 PM
Lmao you say that like it's our choice. Even if everyone who owned Bitcoin wanted to replace fiat, it's not going to happen. They're going to exist for as long as governments exist, and there are no indicators that the entire world will fall into anarchy anytime soon.

All people can really do is choose not to use fiat, and the hope is that Bitcoin would actually make that choice feasible.
People would certainly choose cryptocurrency over fiat in the future, however we are still currently living in the present day where fiat serves a good role on transaction and in the market that would really help Bitcoin and cryptocurrency to experience changes and development.

What about the people that do not want all their transactions displayed on a blockchain? They have to jump through hoops to make anon transactions?


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Lady Coquet on September 16, 2018, 06:28:27 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I think it will be impossible that fiat currency will be eliminated because the governments supports fiat currency more than cryptocurrency and most countries do not accept bitcoin in their countries, that is why it will take a decade before cryptocurrency will take over the world.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Bionicgalaxy on September 16, 2018, 06:51:29 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Don't you worry it will take a long time before everyone will used cryptocurrency and will eliminate fiat currency because most countries are supporting fiat currency rather than cryptocurrency, that is why it is imposible for fiat currency will be eliminated.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Zigzagkuy on September 16, 2018, 07:13:28 PM
I think fiat money will never die. Because fiat money is still needed by everyone. Fiat money is still used by many people. And it will never die in my opinion. Because some people still want fiat money to continue to exist. That's just my opinion, because I'm a user of fiat money.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: F_Ivanov1993_ on September 16, 2018, 07:27:21 PM
Regular money is needed for exchange in those regions where there is no Internet.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: brukva on September 16, 2018, 07:44:01 PM
And this will not work.  It may happen in the distant future, but it is very unlikely.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: .Bitcoin.talk. on September 16, 2018, 07:46:49 PM
Sure fiat wont be totally removed. One features of fiat is their stability


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Daseento on September 16, 2018, 08:29:44 PM
Very funny. As much as many are clamouring for fiat elimination, I don't see it happening anytime soon. Aside the fact that not all part of the world is digitally connected yet, some transactions are still dependent on fiat.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Girlsbit on September 16, 2018, 08:33:34 PM
Of course they should not.  How can we do without paperwork.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Btcepenbob on September 16, 2018, 08:47:45 PM
FIAT currency cannot be eliminated so far since it still have many use and digital money had alot things needed for fine tuning.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Vsamuel on September 16, 2018, 09:39:55 PM
Eliminating fiat currency is like trying to absorb all oxygen in the air and leaving the other gases to thrive. It is never going to happen. Everyone depends on fiat currency. As much as digital currency has been very helpful, it is no way comparable to how helpful fiat currency has been to all of us.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Sarastiche on September 16, 2018, 09:56:33 PM
Fiat cannot be eliminated, I just feel base on the cashless policy advocacy, there migth just be a drastic reduction in the amount of fiat in circulation in few years to come, also the innovation of cryptocurrency will also enhance the realization of the policy. But the limitation will be the availability of internet and the technological know how of people


Title: Re: Please, we should not totally eliminate fiat currency
Post by: BitcoinMarketer39 on September 16, 2018, 11:07:39 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Obviously we cannot eliminate fiat currency because there are a lot of people who are not able to invest on cryptocurrency and that is the reason why we should preserve fiat today.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Flor1982 on September 16, 2018, 11:13:22 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Rest assured that it will never happen that the fiat will be superseded by Crypto currencies because the poor people are already a powerful reason of why eliminating fiat is very impossible. Crypto currency is only good as an investment so that we could earn more fiat for our actual and instant spending.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Portia12 on September 17, 2018, 12:25:59 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

Government will never eliminate fiat currency because it was still necessary due to different people who are not capable of investing cryptocurrency in the market.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: rainezerr on September 17, 2018, 12:34:15 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

In my own opinion, government will not eliminate cryptocurrency immediately since there are a lot of people today in the market who are investing cryptocurrency and that is the reason why it will be very useful for different people to have more income monthly but fiat will still be very important for different people.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: julzcoinbit on September 17, 2018, 01:47:17 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

In my own opinion, government will not eliminate cryptocurrency immediately since there are a lot of people today in the market who are investing cryptocurrency and that is the reason why it will be very useful for different people to have more income monthly but fiat will still be very important for different people.

It will never be happened, since there are still 3rd world country's which means not yet using internet technolgy where as they are still using traditional transaction through fiat. And I guess, the crypto will be evolved, but not totally being the main currency in the future, it will still an alts, and more be countries will be using it.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Spaffin on September 17, 2018, 05:14:22 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Crypto currency can never replace national money. It's just impossible. All states issue their banknotes on the size of the country's gross product. That is, the national money is tightly tied to the economy of these states. The state can not switch to the use of strangers, and "no-man's", that is, not belonging to any state of money, and virtual, are not provided with anything and with very high volatility.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: UchihaRukawa on September 17, 2018, 06:19:59 AM
The crypto system is good and in my opinion, it is much better, but the fiat system, is a different topic, and these two systems are both good system, if people want to eradicate the use of fiat then I think it is gonna affect the crypto system as well, so I think, for the cypto system to work as people want it to be, then we are still gonna be needing the use of the fiat system.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: chocolah29 on September 17, 2018, 06:38:09 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I guess you shouldn't believe everything what you read here because some here are just dreaming and just blown out by the trend but in reality, no matter how eager we want it, that will be far to happen.

We can simply say that we can't eliminate but we can append cryptos as another payment method and that's I think is more feasible in the future if these two will work together. As fiat the most established currency while cryptos revamp on how the payment method works.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: BaraxLo on September 18, 2018, 09:30:11 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
As much as I know that a lot of people in this community hates fiat, that is not enough reason for the world to stop making use of fiat. But from the way I see it, only a fool would say that they hate fiat, someone in his right senses wouldnít say. I donít really know what makes some people to think that cryptocurrency is a better option.

Some of them even say that crypto will free countries from debt, but my question is how exactly is that ever going to happen? If the world should move to using crypto, that doesnít make anyone who is in debt to go free.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: aeternus on September 29, 2018, 09:47:44 PM
Of course fiat currencies will still be used in such a place, because in reality not all places have infrastructure and facilities that support online transactions. Fiat will still be there, but what is needed now is trust and recognition of cryptocurrencies that can be used as legal payment instruments such as fiat currencies. This is what we stand for
What we need is adoption, we do not really need the government or anyone else to give a statement saying that bitcoin or any other cryptocurrency it is actually a form of money because in the practice that is the way we are using them so the recognition is useless, what we need is that people stop mistrusting the market of cryptocurrencies and they decide to adopt it fully.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: tominsoto on September 29, 2018, 10:54:17 PM
Yes,we should not to eliminate and remove or leave fiat currency for our live, look at how many people was get profit and take more benefit with cryptocurrency. we have learn at the people get profit with bitcoin and cryptocurrency investment


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Ondre on September 30, 2018, 01:44:20 AM
I think it will take something maybe years to eliminate fiat money because many people still very dependent on it but i think it will be eliminated still when everyone will be instructed to use blockchain technology.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: iMark on September 30, 2018, 02:03:29 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

In my own opinion, government will not eliminate cryptocurrency immediately since there are a lot of people today in the market who are investing cryptocurrency and that is the reason why it will be very useful for different people to have more income monthly but fiat will still be very important for different people.

It will never be happened, since there are still 3rd world country's which means not yet using internet technolgy where as they are still using traditional transaction through fiat. And I guess, the crypto will be evolved, but not totally being the main currency in the future, it will still an alts, and more be countries will be using it.
is a silly thing to change the world payment system and currencies that have existed for hundreds of years, I know how much you love crypto and I am also sure that the development of crypto will be good in the future, but that does not mean replacing fiat backed by the government.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: shanghai on September 30, 2018, 02:15:33 AM
That is true for poor places or poor countries, they can not use technology, they do not know a thing about it, they are afraid to use it, they use cash. But by the time cash will also be replaced by cryptocurrency is evident.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Lorna111 on September 30, 2018, 02:30:07 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

It will not happened even for a decade. Don't worry.

Most people here just expecting too much without looking at the reality and the massive effect of it.

Crypto will grow more but fiat will still be there.
But it is also only a matter of time before there's access to internet and terminals in shops with paypass option everywhere. As more people join the net, cryptos will become more and more useful. Fiat must go away eventually, just as it was created at a specific point of time not that long ago. The idea of not backing up the main currency and allowing potentially infinite supply was doomed at the very beginning. It's just that people couldn't find a better solution back then. As now we have it with a way of predicting the amount and mining coins gradually, we are bound to adopt it.


   My one cent opinion on the above Topic as posted. Fiat currency in circulation is under the responsibility of the Government we belong. There are Laws covering the Used of Fiat money for any transaction with in each country, The Central Bank of this country has the Regulatory power to control and empower the people in reference to the use of Fiat currency. The entry of Crypto Currency Market still under study by the Government Financial Institution either to forgo Regulation and open the Business Market to the Use of Crypto, Not until this issue is Resolved we can do nothing except to wait.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: heninur on September 30, 2018, 01:59:59 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
no matter how strong humans want to eliminate fiat, I don't think that will happen, because not everyone knows and understands digital currencies, it is very difficult to give an understanding of digital currencies to all humanity, especially to the elderly and people in the countryside .
even today there are still many countries that do not accept cryprocurrency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Vzae on September 30, 2018, 02:30:56 PM
That will never happen, because formally everyone will definitely use fiat money for offline transactions. With that, fiat currency will be difficult to replace its position.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Kapee on September 30, 2018, 05:01:34 PM
Fiat currencies can never be eliminated due to the initiation of cryptocurrencies. I like to use fiat currencies in my daily transactions. Cryptocurrencies are worth investing into and fiat currencies are to be given the maximum attention too.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Vritesh on September 30, 2018, 05:10:53 PM
Fiat currency cannot be eliminated at all.Still fiat has more users than Cryptos and I think it will be like that only.Cryptos are gaining popularity and no doubt they will be used on large scale in future but place for fiat will always be secured. Both cryptos and fiat will be there in future and fiat will not be completely eliminated.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: BennyK on September 30, 2018, 05:15:19 PM
Fiat cannot be totally eliminated because it has got the backing of the governments in our countries. Fiat and crypto will rather coexist until our societies go cashless. Now, every final exchange of crypto is to fiat.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: yoseph on September 30, 2018, 05:58:46 PM
Fiat cannot be totally eliminated because it has got the backing of the governments in our countries. Fiat and crypto will rather coexist until our societies go cashless. Now, every final exchange of crypto is to fiat.
Though I believe that a time will come in the entire world when FIAT will completely nother be used anymore, I don't think this is the time that it's going to happen. Most people and business particularly in Africa are not ready to stop using fiat for any sort of digital currency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Xising on September 30, 2018, 09:49:49 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I agree. Also, I think that this will happen more than most people here are saying that bitcoins will end fiat once and for all. I say that because of the fact that fiat money has been in circulation for a way longer period of time compared to cryptocurrencies, therefore, it is an expected thing that fiat has more people showing trust in it, it's more stable, and many are still more convinced on investing, doing business and holding it as compared to cryptocurrencies. Like I say all time, I more so foresee cryptocurrencies inter-playing and competing in the market than it totally eliminating fiat.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Bonsaiav on September 30, 2018, 11:00:57 PM
The use of fiat currency, as a medium or exchange/buying and selling tool has been started for a long time. When the presence of precious metals such as gold and silver has made it an exchange tool, that belongs into commodity money. Its fluctuations in value and the scarcity of the resources of the two metals are believed to trigger the birth of a new medium of exchange called fiat money. The nominal value stated in fiat currency usually exceeds the raw material price, and this value's determined, by law as well as government policies of a country that have been agreed upon by the community.
Technically the value of fiat money remains influenced by fluctuations in the value of the commodity namely gold.

I think fiat currencies cannot be eliminated easily because this currency's always needed in daily activities. The role of fiat currency in meeting the needs of life's an undeniable thing. As long as the government of a country is still standing, then the fiat currency used is still valuable and can survive. This 'thing' applies, for every fiat currency in any country.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Burogh on October 01, 2018, 12:09:16 AM
Its hard to eliminate fiat money because in many country, bitcoin or cryptocurrency not popular. Beside that, many areas dont have good internet infrastructure, and that make paper money needed.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Kasabus on October 01, 2018, 02:49:25 AM
Its hard to eliminate fiat money because in many country, bitcoin or cryptocurrency not popular. Beside that, many areas dont have good internet infrastructure, and that make paper money needed.
It's not only base on internet structure, but also we consider the acceptance of that certain community. As we knew that still a lot of establishments aren't accepting digital currencies and may preferred of having fiat money.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Angi on October 01, 2018, 03:05:04 AM
Fiat money is our traditional way of transaction were we are and fiat is acceptable to all nations even in rural places so fiat is not merely replacing because of OP said that their is many places that to internet connection or what should I say is digital things so if they wan't to use digital money its hard to them.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: VaryTime on October 01, 2018, 03:29:27 AM
I agree with you because the world economy need fiat to maintain the world. If not, the economy system will really complex and  the government can not control their country.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: MMysterious on October 01, 2018, 03:30:15 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I dont think fiat currency will be eliminated so fast that can be dangerous to us like you said that rural places dont have internet that can access digital cash. I can say that fiat currency will be eliminated when people all over the world is ready to the change that it will bring. And maybe it will take 20-30years for that to happen. In my opinion digital cash and fiat currency will co-exist and not one of them will be eliminated. For the fact that people will believe and accept that digital cash and fiat currency as a medium of trading goods and products.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: bonammeo on October 01, 2018, 03:56:11 AM
Not everyone can use the internet and understand how blockchain works. My grandparents do not know how to use the internet, if they remove fiat they know how to deal. In the future, we can only restrict fiat, but not eliminate it altogether.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: btcjocan on October 01, 2018, 04:43:02 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I think your worries will never happened mate because fiat  will remain forever no matter how many cryptocurrencies will exist.This is all because traditional money is what everybody used as a whole and we cannot easily eradicate fiat.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: squog on October 01, 2018, 07:22:50 AM
Well, for me, Fiat is a thing of the past. Things of the past are reliable to a point and the upkeep is too much to bear. With Fiat, we could use it for rural places that beeds developing and change to crypto currency once it is developed. All in all, the goal is total crypto currency use in the globe and use Fiat as a transitory medium.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: vasilev456 on October 01, 2018, 09:50:14 AM
Here you are right, fiat money cannot be completely removed, for the reason that there are a lot of places on the planet that cannot use digital money because of their development!


Title: Re: Please, we should not totally eliminate fiat currency
Post by: darkr on October 02, 2018, 06:14:56 AM
Fiat money is our traditional way of transaction were we are and fiat is acceptable to all nations even in rural places so fiat is not merely replacing because of OP said that their is many places that to internet connection or what should I say is digital things so if they wan't to use digital money its hard to them.

Even when the cryptocurrencies gain the greatest popularity, we will use fiat. paper money is the traditional method of making all the financial operations for all.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: whiteblue on October 02, 2018, 06:42:52 AM
Of course not, in the future there will still be fiat currencies, because not everyone understands digital currencies such as bitcoin and some other cryptocurrency, many old people will still use fiat currency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: aeternus on October 05, 2018, 02:38:27 AM
Its hard to eliminate fiat money because in many country, bitcoin or cryptocurrency not popular. Beside that, many areas dont have good internet infrastructure, and that make paper money needed.
The problem of infrastructure is probably one of the biggest problems that cryptocurrencies are going to face in the next decades, cryptocurrencies are going to be adopted all over the world but in order to use cryptocurrencies you need access to a computer, electricity and the Internet and while many of us have access to those services there are many people that don't.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Affilate User on October 05, 2018, 02:59:31 AM
no, cryptocurrency will not be able to get rid of the circulation or use of fiat currency because there are still many who use it for transactions as one of them is parents who still use Fiat money because they do not understand technology in some countries and there are still technology I don't know bitcoin so I'm sure Fiat will still be able to be used in the future.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Apes on October 05, 2018, 03:16:32 AM
this forum does not attempt to get rid of FIAT in its use. in this community only trying to make cryptocurrency more popular with the public and accepted by the world. FIAT and crypto use is very different in daily use. they have pros and cons. wrong if there is an assumption of cryptocurrencies as a substitute for FIAT. we are working for so that crypto currencies are more existent.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: umbara ardian on October 05, 2018, 03:40:58 AM
I think this fiat currency will not be easy to eliminate, this fiat currency will still use it for payment and for traditional transactions that are still often done by people of old.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Janation on October 05, 2018, 03:51:57 AM
I think this fiat currency will not be easy to eliminate, this fiat currency will still use it for payment and for traditional transactions that are still often done by people of old.

If I will be asked about this, the word is not eliminate since fiat is being used for a long time now and with the value of it on the people using it, eliminating it is close to being impossible. It may be changed into something but not be eliminated.

Cryptocurrency will be used as a payment method in the future but I don't think it will be Bitcoin sincr Bitcoin in that time will be having a huge value to be only used as a payment method.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: joyclicks on October 05, 2018, 08:20:18 AM
I think it will take something maybe years to eliminate fiat money because many people still very dependent on it but i think it will be eliminated still when everyone will be instructed to use blockchain technology.
I donít know why we should not eliminate fiat currency from our transactions. When we have one currency usable and acceptable all over the world and in our local markets then what is the benefit of fiat currency. I think that cryptocurrency is far better than fiat currency because of the wide range of use and acceptance. I donít need fiat currency in my future.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: BitcoinMyBlood on October 06, 2018, 10:22:35 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

In my own opinion, government will not eliminate cryptocurrency immediately since there are a lot of people today in the market who are investing cryptocurrency and that is the reason why it will be very useful for different people to have more income monthly but fiat will still be very important for different people.

It will never be happened, since there are still 3rd world country's which means not yet using internet technolgy where as they are still using traditional transaction through fiat. And I guess, the crypto will be evolved, but not totally being the main currency in the future, it will still an alts, and more be countries will be using it.
is a silly thing to change the world payment system and currencies that have existed for hundreds of years, I know how much you love crypto and I am also sure that the development of crypto will be good in the future, but that does not mean replacing fiat backed by the government.
It is right that we cannot use cryptocurrency in those areas of the world where there is no internet. We will have to use our fiat currency but it is for this time and we are talking about the future. when people start using cryptocurrency, the facility of using bitcoin in those remote part of the world we will see every facility to use our bitcoin, because in the future governments will also legalize bitcoin.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: dat.ho12492 on October 06, 2018, 12:22:19 PM
I think this fiat currency will not be easy to eliminate, this fiat currency will still use it for payment and for traditional transactions that are still often done by people of old.

If I will be asked about this, the word is not eliminate since fiat is being used for a long time now and with the value of it on the people using it, eliminating it is close to being impossible. It may be changed into something but not be eliminated.

Cryptocurrency will be used as a payment method in the future but I don't think it will be Bitcoin sincr Bitcoin in that time will be having a huge value to be only used as a payment method.
Exactly, removing fiat is not possible because the role of fiat as bitcoin, it is the leader and opens up a modern era for people, making the transaction more convenient, and it has a very solid foundation, nothing can eliminate it. Cryptocurrency is just another payment method, it is similar to the altcoin, its role is only to support the main character, it does not have the capacity to replace the fiat's position because the level of the fiat is too high while the crypto is just a baby


Title: Re: Please, we should not totally eliminate fiat currency
Post by: aeternus on October 12, 2018, 02:47:20 AM
this forum does not attempt to get rid of FIAT in its use. in this community only trying to make cryptocurrency more popular with the public and accepted by the world. FIAT and crypto use is very different in daily use. they have pros and cons. wrong if there is an assumption of cryptocurrencies as a substitute for FIAT. we are working for so that crypto currencies are more existent.
While there are many members of the community that want that cryptocurrencies become adopted globally and have no desire for fiat currencies to disappear there is also a portion of the forum that would like that fiat disappeared, but as we know that is simply impossible, governments are not going to allow that and they're going to do everything to avoid it.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: efxtrader on October 12, 2018, 04:35:21 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

As long government run, i am believe fiat money still needed. Fiat money indicating many economic aspec, its like face of economic situation in one country. Cryptocurrency can not eliminate fiat money because many people will prefer use it in domestic area


Title: Re: Please, we should not totally eliminate fiat currency
Post by: biletskiy on October 12, 2018, 05:05:38 AM
Fiat money is our traditional way of transaction were we are and fiat is acceptable to all nations even in rural places so fiat is not merely replacing because of OP said that their is many places that to internet connection or what should I say is digital things so if they wan't to use digital money its hard to them.

Fiat will be used always. Even IF the cryptocurrency gains the greatest popularity, the traditional money will circulate in each country. people will never refuse from it.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: demonz666 on October 12, 2018, 05:29:50 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

You're right even though in the future cryptocurrency has grown rapidly Fiat money will not disappear. Fiat money will still be used for buying and selling activities. if we buy vegetables and fruit we will still use fiat money. it's impossible to use cryptocurrency. because most of the vegetables and fruits are produced from the countryside. and it is difficult to access internet and some people don't know cryptocurrency. and I think digital money and fiat money can go together without losing one.
and such as natural disasters that make the electricity network and internet dead. and fiat money doesn't exist then we will be in trouble. so fiat money must still be there.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Seeker#9 on October 12, 2018, 07:38:14 AM
Fiat money is our traditional way of transaction were we are and fiat is acceptable to all nations even in rural places so fiat is not merely replacing because of OP said that their is many places that to internet connection or what should I say is digital things so if they wan't to use digital money its hard to them.

Majority of the people around the world used fiat for their daily transactions and they preferred it because it is more convenience to them to use than the digital curencies that are getting popularly use in the modern cities or in the wealthy countries. A lot of people still don't know how to transact online and the internet itself is not yet widely use in their countrysides so fiat will still be their preferred choice of transactions. Fiat might also going to coexist with cryptocurrencies instead rather than eliminating it.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: yitzjoe on October 12, 2018, 08:10:36 AM
Until now Fiat is a legitimate value provider and is recognized by all countries in the world, where they have their own currency which can be converted or exchanged into other currencies. Fiat will be useful for offline payments that crypto cannot pay


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Penthesilea on October 12, 2018, 09:22:38 AM
Money contributes to human life right from the beginning of society. At the present time, all transactions from the cryptocurrency market are converted into currencies. I think crypto is modern and currency is a tradition.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: waqasniaz007 on October 12, 2018, 10:14:03 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Before there there was no internet but later internet reached at most of the rular areas and people were started using it. Now a days u can buy sell crypto through mobile and mobile companies provide internet facility.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Cling18 on October 12, 2018, 12:31:42 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.


We can't elliminate fiat no matter what we do. It is a part of our system that we cannot replace. No matter how advanced the technology is, fiat would always be fiat and it would be hard to elliminate it because it is well known better than any means of payment transactions.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: engrshu on October 12, 2018, 01:43:46 PM
No matter how much you want to eliminate fiat, you just cant. The majority of people cannot access internet wherein thats the main path of digital currency. Even though crypto will boom, fiat will and always remain in circulation. Normal people needs it.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: snaper14 on October 12, 2018, 02:53:07 PM
i  do not  think  that  it  is  going  to  happen  since   countries  can  not  do  without  fiat currency  there  will  be  a  big  mess and i  do not  think  that someone will like  and support  this idea.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: ocid on October 12, 2018, 03:14:26 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
actually, I don't think we should eliminate fiat currency just to advance crypto's growth because after all the role of fiat as a traditional currency that has been embedded in society is certainly still needed, especially as you say that in areas that are still not affordable by internet technology of course it will still be very difficult to use crypto as a method for conducting transaction activities.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Crazycrearu on October 12, 2018, 03:44:49 PM
Fiat won't disappear, don't be afraid, it's impossible to happen given the fact it's still the most popular type of payment in the whole world.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Agniya on October 12, 2018, 04:33:53 PM
I do not think that we will fully succeed. Even now there are those who use wired phones and do not know what a wifi is. Therefore, there are always people who will continue to use fiat.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: cizatext on October 12, 2018, 04:49:21 PM
Fiat money will forever remains very relevant in our society and it the fiat currency that the financial institutions of various countries of the world recognized due to the fact that it the government assets and their are able to control it activities and usage. So the presence of crypto can never eliminate the relevancy of the fait money.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Faeton on October 12, 2018, 04:53:24 PM
National money of the states will not disappear anywhere. As long as each state has its own economy, until then there will be national money that is tied to the economy of this country. And the very idea of a complete transition to the use of cryptocurrency is simply absurd. This cannot happen in practice. Such a transition would mean very big problems for the economy of any strong state.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: zubrr51 on October 12, 2018, 04:54:48 PM
As soon as some kind of cryptocurrency becomes really more convenient for payments, people themselves will forget fiat money.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Google+ on October 12, 2018, 05:02:03 PM
I don't think it will be possible because there will still be many who use fiat currency to make sale and purchase transactions using payment methods using traditional money or fiat currency, because I am sure that cryptocurrency or digital currency will not be used for everyone, surely only some people understand how to use digital currency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: futile-resistance on October 13, 2018, 10:53:32 AM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Between fiat and cryptocurrency of there is anyone that is likely to get eliminated, then it is cryptocurrency, letís just say the truth. Cryptocurrency canít beat fiat.

Fiat has been around for long like centuries and cryptocurrency is just a decade and you think it will be possible for cryptocurrency to eliminate fiat. These things will have their own purposes, none is leaving. So letís stop comparing the both and putting confusion on ourselves.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Morning honor on October 13, 2018, 12:32:46 PM
Of course it can never be happened even in many years comes by,.it is very much impossible to be happen fiat is a fiat to our entire decades we will not be worry of it no one can eliminate fiat.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: FlightyPouch on October 13, 2018, 12:42:13 PM
i  do not  think  that  it  is  going  to  happen  since   countries  can  not  do  without  fiat currency  there  will  be  a  big  mess and i  do not  think  that someone will like  and support  this idea.

It does't like that these countries can't do without their fiat currency but these days, they can just support Bitcoin and other crypto currencies what more is that it making it their currencies. But I do agree to what you just said after that, none on the government will just accept this idea since cryptos are just decentralized nowadays and it may be manipulated by whales.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: charlemagne_15 on October 13, 2018, 01:05:03 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.

I agree to your point! Eliminating fiat currency is truly a bad decision ever for a reason that removing it will cause a huge trouble for all of us because without fiat what would be the currency of the people who haven't any access to the cryptocurrency? Not all the places and people are knowledgeable and accepting cryptocurrency as a currency particularly to the rural and undeveloped places so eliminating is not good.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: adpinbr on October 13, 2018, 01:10:35 PM
I agree aside from that fiat is our own entitlement. without fiat, we can't have something that we can call our own. Eliminating fiat currency is hard just because we have cryptocurrency.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: ayiaye on October 13, 2018, 01:28:38 PM
this will be very difficult to achieve, even though many people say that. because right, we unconsciously still need fiat money as a transaction tool. try to think realistically, don't be too non-realistic.
just imagine some bad effects if fiat money is replaced with digital money. with an unstable price it will have an adverse effect on the world economy.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Buttermellow on October 13, 2018, 01:42:26 PM
From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
Of course, it should not be replace by any digital currency or cashless form for it will affect trading and exchanges in the markets. As we all know that internet will not work all the time for it needs some power to function just as the gadgets also to be used in completing transaction for this kind of trading. Fiat money should not be remove completely because it has a lot of use most of the time.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Firefox07 on October 13, 2018, 01:54:47 PM
Fiat money is so very important and it is more accessible for all people. Especially those poor and uneducated people. So why there are allot of people wanting to eliminate fiat money. I don't understand their point.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Faxmate on October 13, 2018, 02:52:17 PM
Fiat money is our traditional way of transaction were we are and fiat is acceptable to all nations even in rural places so fiat is not merely replacing because of OP said that their is many places that to internet connection or what should I say is digital things so if they wan't to use digital money its hard to them.

Fiat will be used always. Even IF the cryptocurrency gains the greatest popularity, the traditional money will circulate in each country. people will never refuse from it.
Well you are right to some extent, fiat currency will not be eliminated fully as it will be use in some parts of country, as we can use it as an option as if in case we will not have any connection for internet or we will not have proper networking so them we will be able to use it, so better to find latest forum and use digital currency because our future is based on digital money for me fiat is just an optional currency now.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: trauchot on October 13, 2018, 03:38:55 PM
The fact that many poeple want this does not mean that they will be able to achieve this, without a fiat, we will not be able to live and this is a fact, so no need to worry about it. Cryptocurrency of course introduces its roots very quickly into everything that is possible, but as long as the green light from all governments is not received, we can not even think about it.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: $anounimus$ on October 13, 2018, 03:54:08 PM
Of course this fiat currency will not be eliminated because the fiat currency still has demand and there are still many who use it so that it will not make the fiat currency die or be eliminated, I think in the future these two currencies will support each other and can be used to make any payment.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: lelylely on October 13, 2018, 05:14:10 PM
You don't need to worry about fiat currency, fiat currency will survive because it is supported by the government, the government is more powerful to regulate the finances in its territory.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: syamster on October 14, 2018, 07:25:03 PM
I agree aside from that fiat is our own entitlement. without fiat, we can't have something that we can call our own. Eliminating fiat currency is hard just because we have cryptocurrency.
As much bitcoin and crypto currency is getting value I think fiat will get eliminated itself, now people are investing with crypto currency, they are buying with digital currency they are saving digital currency so the value of fiat has become almost zero, I can easily guess how less fiat currency will have value after few years, so we should prepare our minds for cashless and digital era which will be surely good for our economical state.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Sifon on October 14, 2018, 09:55:00 PM
Hahahaha sounds like honest plea, but I think no matter how mainstream Bitcoin and cryptocurrencies become, fiats cannot be totally eliminated. This is because fiats are national identities of individual countries and eliminating them will be torching their national pride and identity. Again, there is a huge population who aren't tech savvy, the older generation who are very traditional in their approach to life. They would stick to the use of fiats for their transactions and nothing can make them change.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: portalufonet on October 14, 2018, 10:09:18 PM
I think the fiat currency will not be eliminated because there are still many countries in the world that do not accept cryptocurrency, nor do any people accept crypto as a new currency. Cryptocurrency and fiat currencies will remain in parallel in the future.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: snatoshi on October 14, 2018, 10:30:34 PM
What will happen it is just fiat now will be backed by crypto   ::)


Title: Re: Please, we should not totally eliminate fiat currency
Post by: princesspoppy on October 14, 2018, 11:08:32 PM
I don't think fiat currencies can be totally eliminated and be replaced by cryptos. Fiat currencies has been use for decades in doing transactions and most people prefer to use it than any other way of payment. It can be use offline which makes it easier to use.
Cryptos is just another way of payment just like debit cards, credit cards and check. It can be use by anyone but that doesn't mean that it will totally replace fiat.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: ELOCIN on October 14, 2018, 11:29:07 PM
Fiat currencies are not that easy to replace even if the cryptocurrencies are already in its prime use or trend. There's a lot of things that need to be addressed first before fiat can be replaced by cryptocurrencies.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: patarfweefwee on October 15, 2018, 03:43:41 AM
For one thing, Fiat has been with the economic world as long as we knew gold existed. I really doubt that we can eradicate the use of Fiat anymore than we want to. Maybe we'll use it less with electronic transactions but to eliminate it means that we will use something else (ie crypto currency) exclusively.


Title: Re: Please, we should not totally eliminate fiat currency
Post by: binhvo1505 on October 15, 2018, 03:56:52 AM
That's right, we need a complete policy and fiat money has done that. There are people in less developed countries and in remote areas they can not access new technology. So that's why fiat money should still be used in the future. Do not change it for any reason!


Title: Re: Please, we should not totally eliminate fiat currency
Post by: Commotheon on October 15, 2018, 09:50:34 AM
I agree aside from that fiat is our own entitlement. without fiat, we can't have something that we can call our own. Eliminating fiat currency is hard just because we have cryptocurrency.
You're right many bitcoin user want to eliminate there fiat currency by replacing it with cryptocurrency or bitcoins which can never be happen. Evert hing can be ruined in just a second plus criminals use it. If they want to see destruction then replace btc with fiat.