Bitcoin Forum

Look at world economy and people struggle with bills.
Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.

The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.

Goverment and Banks failed so leave them and let them sink in their own mess what they created.

Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT

If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then

Business owners If they are smart knows only way they can survive is crypto.

Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.

People will always love banks and fiat no matter what, they can't just simply love something that they didn't even know exist, or how it works. All they know is that cryptocurrency is a scam because how come that is has a very big value, etc. You can't force them to invest in bitcoin rather than letting their fiat sleeps and stolen in their bank account, because they will just blame you if they didn't like the outcome after they bought bitcoin or any cryptocurrency using their fiat.

It is not permissible to directly abandon Fiat and switch to crypto. So far it is still our transaction tool because not all sectors of life use crypto services. As a first step, it's time to own and hold Bitcoin (not crypto) as an investment asset for the future if the whole world is like El Salvador.

Admit it or not, I think many state officials have started to realize that the Bitcoin service system is much better than fiat.
I put more emphasis on mentioning Bitcoin and not crypto because crypto will end up being a scam.

Leaving in countries with high standards of living, such as the UK, the USA, and many more, with a lot of bills to pay, and despite the fact that these nations have some of the world's best economies. More than 278,000 households received assistance from English authorities between April last year and this year in an effort to prevent or end homelessness. Investing in bitcoin is fantastic, but you must also take into account the danger involved. Although many are fed up with banks and need to pay their bills, I don't believe bitcoin is the best option for someone struggling to pay bills because after buying might end up selling them.

Leaving banks and going to cryptocurrencies is not the solution. The solution is to develop financial culture. Bitcoin is one of the tools of financial freedom, but this freedom needs other aspects.
Inflation, and other problems are diseases that affect the economy, and to solve these diseases, a person must learn the basics of wealth distribution so that most of your income is not only cash or digital currencies.

*stablecoins* is worse than fiat money.

So unrealistic. Think of it. If people would engage to investment which is risky because of market price volatility, what good outcome would be expected? Profit is not assured in crypto industry; price changes from time to time and that would challenge investors to endure market downfalls. And basically that won't be good especially right now wherein people are struggling to make a living. What people need is higher salary to cope up with inflation on market goods. Investment is another thing.

Being a scam? Why generalize?
Also, that's not true. State officials won't accept that cryptocurrencies are better than fiat. Evidence? Cryptos are still not supported to many countries. What I mean by not supported is not being endorsed on the public, but that doesn't mean that people are prohibited to use cryptos on transactions, especially to countries wherein adaption is neutral.

Your deep faith in USDT confuses me, as it is a completely centralized currency, and is more vulnerable to collapse than the Lebanese pound.
If you think about it, just a few months ago, Luna collapsed dramatically, and all stablecoins are exposed to the same degree of risk.

Always follow the following facts:

• Stablecoins are worthless, they are false promises.
• Paper money has a value that derives from the power of the state, but inflation continues to lose its value.
• Bitcoin is the best asset for long term investment.

Very contradicting post in my opinion. How do you expect people struggling to pay bills to invest in crypto that is very volatile in nature? Secondly, are you also encouraging people to get loan from banks and start the crypto journey? That is very suicidal in case you don't know. It's a decision not to be taken. Your idea of doing away with fiat absolutely is not only unrealistic but impossible. There's fiat before before crypto. The earlier we know that, the better. No matter what, Crypto has come to stay and it is getting more popularity day by day but we should not discredit other people's means of livelihood because of our love for crypto. We made our choice to be on crypto side, let respect their choice too.

All these crises from war, climate to recession can be avoided if these superpowers cooperate with each other. They are part of all these squeezing people's money to take for themselves and they know they are going to lose their grip on power when BTC dominates.

People need to survive and all we need right now is a massive production of food before the shortage worsen. BTC will be good but I doubt USDT can be trusted. Once the USDT collapse, the crypto market will take a nose dive.

I trust Stable coin it's Stable

Stablecoins are not so stable as you may think. There is always a risk of loosing your entire capital, remember luna's UST stablecoin collapse to near-zero value? I would suggest you to always diversify even on stable coins. Have some USDT, some USDC, some BUSD and some DAI, so even if one collpases by any chance you dont loose everything 😛

If it were that easy to do, people would do it. But the problem is they are still relying on fiat because the government is still supporting it and if the fiat does fall, people are still sticking to the government.

So far, the government is still trying to deal with every problem that comes and does not want to make its people panic because of the problem. But as people, we also must be observant in seeing the situation and be able to prepare ourselves if the situation worsens. And if we can invest in crypto right now and it's a good decision, we can start because we still have a chance.

Fiat is the universally accepted currency in any part of the world so don't expect to see a sudden move from that to crypto, as much as people love btc or would want to use it, the fact still remains that fiat is in the control of the government and will always be the legal tender.
Besides, I don't think you want to heavily rely on usdt to right or the wrong of fiat, usdt or any stablecoins
is not the solution to this inflation problem.

Bitcoin and cryptocurrency still facing some challenges and the particular one is the countries that have not accepted as money like El Salvador is still the problem. Only one country will not change the acceptance direction of bitcoin and this is the fact. It need more than half of the country in the world to support of the bitcoin as financial payment for more people to join. People like success where everyone is going to.

It is true that people cannot love and use what they don't know about but I still tell you that even people that know about bitcoin and cryptocurrency will not stop using the Fiat.
This is because the mind of the people has been preoccupied with different laws of the corrupt money system. They have made the people believe that it is only bank that can save their money. They have made the people believe that it is only the government that can create money and any money that does not emanate from the government does not exist and will lose value within a given period of time. With this particular mindset everyone would want to save their money in the hand of the government whom they trust to keep their money for them. This is the problem but only the wise will understand the direction that finance is going and follows sooth.

I wonder how could going to crypto solve the poverty of people.  How could crypto be able to pay for my bill?  My daily needs?  Crypto is just a currency, a tool for payment and it does not make me earn something without doing jobs.  This is one reason why many people get hope too high in engaging in cryptocurrency thinking they will become rich and later on get dismayed because the hype of getting financial freedom doesn't come according to what they expected.

Instead of saying like, I'd rather say they really have no choice not to use it.
we live where Fiat and Banks are still the benchmark until now and Crypto can be said to be a good sideline even though it is still in a condition that is actually a bit difficult because it is still hindered by many regulations.
Regardless of anything, at this time Fiat and Banks are still one of the uses that cannot be avoided because indeed they are still the main one, especially for several big cities, although paper money is still very dominating, fiat is still one that is being promoted at this time.

I hope things would go as easy as that but we can't deny the fact that people still prefer banks and fiat over crypto because they're afraid to take the risks because of its volatility. There are lots of people in the UK who are already aware of the importance and advantage of blockchain technology but still prefer fiat simply because most businesses still don't accept crypto. Now that the market is down and is in the bearish season, they are more afraid to invest and take the risk not knowing that it's an open opportunity for everyone.

But not all the people can still use bitcoin because  not all the countries have a good internet connectoon it needed to be that way so that people across the globe can use it. Internet connection is the main thing we should consider aside from being able for bitcoin and other crypto to be recognized, but I am still hoping that as time passes by more and more country will legalize it and see how good it will make an impact in the society.

The cryptocurrency contribution to the economy is very minimal compared to the fiat system. To stop its usage and move into cryptocurrency isn't gonna happen and for such a mass transition cryptocurrency isn't prepared enough. The slow and stable movement paves path for real growth as well as creates a better understanding among the common people as an advancement same as they got used to Mobile applications starting from the direct paper money usage. Proper education about money and the aspects surrounding cryptocurrency lets people get the right information than just thinking it a way to get rich.

Abandon fiat and turn to Crypto.
It sounds like it can be done but it is in fact very difficult to do.
I now live in a country where at the moment, even though they don't prohibit bitcoin, on the other hand, they also don't make rules that bitcoin is legal because they can still be said to be neutral.
On the other hand, Fiat is now one of the things that seems quite mandatory, especially with some payments that require us to have fiat.
Crypto is my place to invest and Fiat is one of the tools to meet my daily needs, I don't think there is a reasonable reason to leave fiat now especially they are still one of my supporting needs.

USDT is a centralized cryptocurrency and more dangerous than fiat currencies. USDT fiat currency is indexed to the dollar, but the cash equivalent of USDT assets is always a questionable issue. Of course, we must protect ourselves from inflation. We must be vigilant against the monetary expansion policies of central banks. But we should not do this with centralized cryptocurrencies like USDT. We can provide maximum protection against inflation by connecting our savings to solid currencies such as Bitcoin and gold.

I do agree but let's not exaggerate to say that crypto will be the only way to save people. It's not a magic bean that will help us get out that problems in life. And with that said, we don't want everyone to have this "false hope" that crypto is the savior.

Everyone should really work hard to earn a decent amount of money and that is enough for us to save in this kind of world that we live in right now. Maybe crypto is one, or there could be a good stock or even the traditional real state could be good in the long run. We could even put up a small business and make it big in the future.

You can't deal without fiat no matter what it takes as I know before making your investment in crypto you must first convert your all landed properties to cash money and then fund your crypto exchange account to invest on any crypto either be it bitcoin. Economic meltdown is all over so and is a global problem which every nation has to fixed out, yeah billing over the years is getting out of control including my country.

Cryptocurrency can't just sweep away fiat I mean via any currency because after your investment you still need cash to spend around or within, fine your investment could be in crypto but spending would definitely needs it to be in fiat cash.

Fiat banks provide very high interest when they provide credit, but instead provide very low interest for depositors, the presence of crypto banks can certainly be a great solution to overcome many problems in fiat banks, and now many projects are trying to make this happen.

I like your enthusiasm about encouraging people to go all in in crypto and leave the fiat. But we have to weigh and still tick with the reality that we just can't do that even if we want to.

We're still dependent to the governments rule that most businesses aren't yet accepting bitcoin, crypto.

The reality is wherever we go, fiat is still accepted and will always be preferred by most non crypto folks and some crypto folks if necessary.

What fiat banks do is to seek profit from their customers and this is still considered a very reasonable thing because they still have great faith in fiat banks. And for the presence of the crypto bank itself at this time actually it can only be very good for those who already know crypto and often use crypto for certain purposes, while for those who are still unfamiliar with crypto and have never used crypto at all in their life, I think the bank it wouldn't mean that much to them.

Till today crypto mass adoption is still very far away, it looks like a dream that may never come true, only very few humans on this earth adopts bitcoin so how will they abandon the bank and Fiat?

Right now you can't even survive with crypto alone without the involvement of Fiat, not every stores and retailers accept crypto as means of payment yet, also to convert your crypto to Fiat you still need the bank.

To me it's perfected that Banks co-exists with Crypto as it's also perfected that Decentralisation and Centralisation is a thing today, one doesn't have to get rid of the other.

You may be right about Bitcoin, but not about USDT.

The centralized stablecoin is not safe and could collapse at any time like what happened with Luna's UST. Therefore USDT is not a safe-haven asset especially due to its correlation with the dollar, which makes it worthless in the end.

For Bitcoin, it is a good solution for preserving the value of your assets in the long term, but it is not yet valid for daily financial transactions.
Until now, it is difficult to pay bitcoins for a cup of coffee for example, because the transfer takes a relatively long time, in addition to the sometimes high fees.

There has to be some improvements to the existing Bitcoin network for it to be a valid and easy way to receive the simple daily payments that people need to deal with on a daily basis.

The question is whether the people are ready using bitcoin for the payment of simple daily expenses and this I don't think is not time because the challenging processes is not taken care of. The internet system can make the payment to fail if no service is available and both buyer and seller become into problem. The pressure from the sender will be so much if network fail.

That's why not many people can generate large balances from savings at the bank and only those with large balances can get them. But if they save in crypto, their money can increase in the future but the problem is they have to be prepared for price movements that are certain to occur every day. Only people controlling their emotions can get high profits from crypto. But let the people choose how to save themselves, especially if a bigger crisis occurs again. And only people who can open themselves up and accept new things can benefit from using crypto.

I am a crypto investor and love bitcoin but I still find it funny when many people keep spreading the word about giving up on fiat and using crypto and bitcoin while they are fiat users every day. Fiat is still the main currency today, no matter how bad it is, and I don't believe anyone is living without fiat or any bank accounts or credit cards. This world still has governments, they still rule us, so don't be under the illusion that you can get rid of them or have complete freedom to do what you like.

Convert all your fiat money into USDT and throw away all your fiat money, and one fine day, the government will freeze your account and put you in jail because it is illegal to use cryptocurrency. Don't be stupid to go against the government, as long as they ban or issue an ordinance to imprison crypto users, do you still have the courage to use cryptocurrencies? Fiat has a problem but you're still using it, why not use both and defame fiat when there's more fiat in your pocket than bitcoin?

Sad to say, leaving banks and delving into cryptocurrencies fully is not going to help the world’s economy and help the general populace with their bills thus eradicating poverty to some extent.
What could help with the world economy is diversification of income.
Cryptocurrencies isn’t the only way out as I could think of one solid path to a blissful entrepreneurship, Agriculture. You also need fiat so if you convert all your funds to cryptocurrencies, how then could you pay bills and other necessities?

  Yeah it is good to use crypto for the transaction usage but it is not in short time to switch people into that method of leaving. Cause some of them are didn't know about crypto, they just know Fiat or other currency. We can not force them to switch cause people perspectives if they can hold and see their fiat an they felt that is an tangible for them.

The cryptocurrency market is very unstable for now.  It isn't the right time yet to change ship.  Because if we do, the ship that is supposed to save us will drown us instead.  there is a right time for everything, hasting everything up will only cause disaster.


It is surely difficult because we need to make the financial institution to give up the traditional financial system and accept not just cryptocurrency but decentralized cryptocurrency to make the changes happen.


As long as the government rule and financial institution is being favored by the government, Bitcoin will always be an alternative.

Such a grand and drastic change in the economic aspect of, well basically everything will ultimately cause pandemonium and discord to ensue amongst the people. The current structure of our system is based on fiat, which in itself has its systems that are similar in nature to crypto. Cryptocurrency is still infantile compared to the seasoned fiat so it wouldn't be able to fully accommodate changes as massive as this, let alone something as drastic as changing the money system of the planet into an alternative all because the current system is in dire straits. Surely a recovery is possible and the change you so aspire is going to arrive in the foreseeable future. Radical alteration to the paradigm like these will never be good in the short and long run.

One way I see this is, despite the fact that most persons don't think anything good of crypto currency, the use of crypto can only be successful if there is a proper channel. I.e. both you willing to use the crypto you have to for pay bills and other services, the receiver should have a means to accept your crypto. Where this is lacking, the crypto is no good unless converted to fiat.
Structures need be put in place to ensure that crypto currency can first be used to transact, before more awareness campaigns created and in so enlightening those with little understanding on it. Only then can persons develop the interest to learn more about crypto and then think of making profits off it. This is how most crypto merchant traders are made.
Fiat cannot be entirely dispelled no matter the economic stance of a nation because it has endured its evolution from trade and batter to what it is now.
Crypto currency is more futuristic and still gaining traction. As more crypto currency structures and cities are built, so also will people come to see its genius for exchanges and trades and join in.

Crypto The world's economic problems can specifically be solved by Bitcoin. Fiat money and bank regulations, which cannot save the world but instead cause financial instability, are to blame. If you continue to hold fiat in your bank account in some countries, like mine, it will continue to depreciate as a result of small fees the bank assesses for maintenance and other reasons. Bitcoin has provided us with a solution to the issue by allowing us to keep our money in digital currency and profit from holding it when the value increases.

Fiat has been existing before bitcoin's creation. People can't tend to abandon fiat because they found what gives them financial freedom.
As long as people continue to strive for a better future, they will continue to use money and bitcoin in their daily lives.

Crypto alone can maintain the financial status quo for the foreseeable future. The world requires both banks and cryptocurrencies.

Unfortunately, I do not think there is a simple solution.

If there are lessons to be learned. Can it be fairly said conditions of reliance and dependancy are being weaponized post 2020?

• Reliance on russian natural gas
• Reliance on oil
• Reliance on centralized supply chains

Everything people trust and rely upon today is being turned against them.

How do we solve this? Perhaps by relying less upon governments and corporations, and relying more upon ourselves?

No matter how funny it sounds - but bitcoin, USDT, etc. are like cowrie shells or glass beads in the world of real money.
How, having taken a loan in bitcoin (which has wild volatility), an ordinary one, let the British go, will he solve his problems? Let's simulate the actions of this Briton, for example, to solve a problem: repairing a private house. So, the task for the author who proposes to solve this with the help of a crypt is to describe here step by step, the full cycle of actions of the "British", from obtaining a loan in bitcoin (including its execution and determining the loan rate), and buying building materials, to hiring workers, paying works, and loan repayment?
I am sure that halfway through you will understand how unrealizable this idea is, it has a lot of side, additional costs and difficulties. By the way, any participant can also try to describe this cycle, I think everyone will be interested!

It's just about the beliefs and thoughts of some people who don't know crypto, so they often think that state or fiat currency is real currency and they don't consider anything else as real. In fact, the number of crypto currency users continues to grow from various backgrounds and I think those who don't believe in this can also find out for themselves by looking through true and accurate news. Even though they have basically never used it even for transactional matters or the like.

Yes, gradually everyone will know crypto, especially bitcoin. And actually most people use crypto only to store value or as an asset and also to invest not to transact.
because crypto has not been accepted by the government to be used for transactions and it is this problem that makes no sellers use crypto because fiat is still a reliable transaction for everyone. So it's not as easy as the OP says even though the main purpose of bitcoin or crypto is for fiat replacement transactions, and that still takes a very long time.

I don't understand why you say that, I don't think your solution is getting to the point where chaos is going on.

Will using Crypto or USDT all this mess ever end?
did you think about this?
In my opinion, this chaos occurs because the goods needed every day are getting scarce, so the prices are getting more expensive.
You want to use USDT and USDC or other stablecoins will not change the price of a commodity if the goods needed are in shortage.

Besides, is it true that USDT or any other stablecoin has as many dollar reserves as USDT supply? The market value of USDT indeed is 1:1 to the dollar, but we don't know whether their dollar reserves match the supply of coins or not, that's what people suspect and consider it a scheme.

I am going to say this will not work since nothing you have said addresses underlying problems with the way humanity instinctively thinks. 

Until such time as you consistently teach people how to not be foolish (which is somewhat hard btw) all you do is kick this problem in to another arena which the non foolish continue to take advantage of the foolish.

Crypto is only 20% of the solution.   

And with more and more people learning and using crypto, it will make the popularity of crypto even more, and this will provide an opportunity for people to trust crypto so they can use it like using fiat. But if people still don't want to use crypto or at least know about it, that's up to them, and we can't force them.

And we can only invite people around us to try to get to know crypto. But if they want to open themselves to accept new things, perhaps it will be useful for all of them because now they have a new way to get a better life.

We can't leave fiat or banking completely, not only in terms of acceptance but aside from being used to store assets or a means of payment, cryptocurrencies can't do much more than that. Meanwhile, banks provide us with loan and mortgage services to get a loan. If you need money and your loved one doesn't want to lend you money, you go to the bank. Cryptocurrencies are useless in this case.

Despite, bank failed doesn't mean people should face Bitcoin and cryptocurrency only because there are some countries were Bitcoin and cryptocurrency are not legal which will be difficult for them to leave Bank no matter the challenges they are facing with the bankers in the country. Investing huge amount of money on Bitcoin in this season of bear is more favourable than bank in this season that is affecting the world economy, and nobody no when the inflation will disappear to allow deflation to stay for people to smile again.

On the other hand, we also have to be aware that the biggest supporter of the bank is the government, so that no matter how strong in this case people leave the bank, they will still stand up because of course the government will not remain silent on this matter. And as you said, Regulation is one that cannot be separated in this regard so it is indeed difficult to make this seem like a stumbling block.

People can adopt and invest in Bitcoin and other cryptocurrencies but they will never disregard fiat and traditional banks. As long as Bitcoin isn't accepted as a world currency, fiat will always exist. It could be legal in most countries but people will still value using fiat since it isn the common currency being used in daily transactions. Banks being supported by the government will always remain trusted by many people regardless of the edge of cryptocurrencies when it comes to profit and decentralization.

You really should try to dig deeper about the current economic situation, FIAT, and cryptocurrencies. Based on OP, I am very certain that you did not understand the differences between FIAT and USDT.

USDT are a token which represent of USD, it is not-so-backed by 1:1 USD. It actually consists of many reserves[1], so it is different from the actual USD fiat. You also use USDT over control of Tether, the company which manages the token. The notion you are suggesting to leave fiat banks does not make any sense because of your favour of USDT. After all, the problems you arise in this thread is a complex problems, the world also works in a complex way. Cryptocurrency won't merely be a simple thing that is able to solve it.

[1] https://tether.to/en/transparency/#reports

Even I feel though in the end
bitcoin accepted by most banks will still exist because regardless of anything we can't make it seem as if bitcoin is a substitute.
In terms of objectives, it may also be clear that this is an alternative payment, not a substitute there, so that no matter what happens, the bank will still be a bank that stands with all its strength.

If that's how easy as you said to adopt crypto in all types of businesses then we won't be loaning money in the banks to support our businesses but that's not how it works in the real world whereas there's a regulation that you should be followed.

If most of the businesses are into crypto we wouldn't be bothering to take loan in the bank or most people knew how to use crypto currency for everyday use but it's not. There are people out there who still don't know what are or how to use this crypto currency. But maybe in the future more and more people will try to adapt using the crypto currency for their daily lives.

It's not a wise solution for our current situation but maybe it will be in the future but not for now. How many times this kind of events happening in the past? But if you know your history you might wanna link and analyze them why such crisis/inflation keep on happening.

In addition, the use of banking applications and the like can also encourage everyone who is not familiar with cryptocurrencies to find out about how crypto is actually used. Because apart from being able to store it very safely, they also have to learn the basics so that when they want to invest or trade they can understand it better and make it easier for them to do it.

Fixed currencies have become a major and additional source of income after it was just a tool for trading. It literally arises out of nowhere. All fixed-currency projects secure a small dollar balance and then extract billions of dollars for nothing in dollars. The size of that market is currently worth billions, and we may have reached the point of not being able to control this market.

When we borrow money from the bank and with floating interest, we have been trapped and difficult to rise, they do not care about the difficulties we experience so that it will continue to press us to pay, the presence of cryptocurrencies with a decentralized system is certainly a good solution to overcome the fiat system Especially borrowing so as to provide convenience to anyone.

I don't know how you think about this. Because every borrower must clearly follow the rules to pay to the party or place to which he is lending money. And if this makes him feel very depressed, then don't make any loans in your life so that you don't feel any pressure.

Because borrowing anywhere will also include borrowing in cryptocurrency which must be paid on time. And if you think borrowing in cryptocurrencies is easier to get up and running, I think you have misunderstood this. Because the name of borrowing still has to pay and it's even more risky if someone borrows unstable crypto assets.

In the long term, it all boils down to what consumers and traders prefer because that's where economic reality comes from. After all, reality is created by you and all of us.

I'm not saying that all of the above will happen, but with such a crowded market, it's important to be ready for anything.

If you are familiar with the money market world, I think the best way to stay ahead and keep yourself protected is to invest your hard earned money (Cold money) in the top 5 exchanges. That way you will at least always be safe and calm. The choice is ours.

it's not that easy friends, because as we know, the introduction of crypto in the world is not comprehensive, so in my opinion it is still difficult to do.
and this requires a process if you want to implement payments with crypto itself if one day this happens

A very strongly erroneous opinion, built on the basis of information disseminated by Russian propaganda. There is no dependency. Was created, artificially, the scheme of monopolization of oil and gas supplies to the EU. And note - 3 key economies turned out to be "dependent" - Germany, France, Italy. And mass information propaganda began, so that without Russian gas they would freeze/die/the economy would collapse/factories would stop/.....
But today we see that more than 90% of Russian gas has already been replaced by long-term contracts. Do not listen to Russian propaganda, and pro-Russian media :)

That will never happen, aside from the fact that cryptocurrencies are not yet widespread, fiat money is still the main currency of the world, we can't leave fiat and banking to use cryptocurrencies. Crypto really brings a lot of benefits to us, but I hope people don't get too delusional that crypto can replace everything in an entirely government controlled world. As for my daily spending, I still prefer to use fiat money over crypto money when it comes to making purchases.

It's true that business should accept crypto currencies as a form of payment, it makes purchases for customers much easier and will help to increase the reach of cryptos. The main problem I see for corporations to switch completely to cryptos and stop using fiat money is that all the bills of the company will likely still need to be paid in fiat money. Tax payments will need to be paid in fiat, most employee have probably contracts that pay in fiat and most utility bills also will demand fiat money. This creates a mismatch between receiving cryptos from customers and all the capital outflow in fiat. In case there is a lot of volatility in the crypto markets that could lead to losses for the company when paying bills. I think the world is not ready yet to only function on cryptos.

True, it is very difficult to leave fiat, it can be said that almost 100% of the population in many countries use fiat, while cryptocurrencies are an alternative that is not yet popular for direct transactions such as cash.

When you say something is difficult it means you can do it with hard labor and determination but in the case of fiat, I will confidently say it's impossible not difficult at least for now to do away with fiat. Crypto currency will surely takeover eventually but it is not that easy as some of us perceiving it. We can invite people to crypto but not trying to enforce it for on them against their wish.

Obviously this is not fundamental, as we have seen stablecoins fall day by day, the crash that happened to Luna completely rendered Stablecoins worthless, especially when it comes to fiat currencies which are completely controlled by the authorities. But what we need to understand, not completely fiat currency can be thrown away and switch to crypto in the near future for now.

As many of the closest examples we can find with Stablecoins, there is no certainty and strength in restraint in the market for them, so leaving is much better.

Inflation and recession will continue to affect fiat currency, the world economy is currently in an unstable stage, so that fiat currency will be affected in maintaining value, therefore holding fiat currency is not better at fulfilling bargaining values going forward.

I agree with this, that Bitcoin is far more reliable, both as an investment and the best asset in the long term, we have gone through various market conditions in bitcoin, so there are many reference sources that can assure us of the best investment in Bitcoin.

As far as I know about bitcoin, I haven't been able to stop use fiat in my daily life even though I currently don't keep much funds in fiat account ^{[bank account].} I still need fiat to transact physically every day and I always will until bitcoin is adopted globally. It's fine for me to use fiat in day-to-day life, but I tend to neglect fiat for investment and storage.

Fiat and bank do have problems, especially the problem of trust from their users, however fiat will still be used by millions of people in this world. You can't prevent people from using fiat, but government can always ban crypto for use as a means of payment rather than expecting fiat to go out of use.

it's not impossible for people to switch to crypto as a payment but ordinary people are not ready for it, people are comfortable using fiat and banks because it has been running for a long time. it took decades to change the habit and we will surely in the future see it happen (people are adopting crypto and leaving fiat and banks).


here, I read that you said it would never happen, but I think you should take a broader look. the government issued CBDC and wouldn't that lead human behavior towards digital payments, when people are used to digital payments then they will switch to crypto easily.

The point is: do people want to be saved? I don't think so, because they don't care or simply don't pay attention to the big ponzi scheme they are inserted on through fiat economy. People are still blind and seem to be satisfied depositing their money in saving accounts which generate annual interest inferior to the annual inflation.

When we talk about bitcoin to them, they say it's too risky to adopt and invest, although they ignore the fact fiat doesn't even have the risk of being profitable for them on long term. Fiat is a complete loss and the only way to avoid its depreciation is to save large chunks of money fast and invest in properties or valuable and durable goods.

And since businesses move by profit and not by some sort of ideology then this shows how hard it can be for them to accept bitcoin as payment, and even if they did due to the volatility of the market it is unlikely they will keep it and instead they will sell it immediately for fiat, only those which believe in holding bitcoin will do this and as we know we are nowhere near close to be some sort of majority, so we are still far away to see bitcoin being used as a currency for our everyday purchases.

Investing inside the exchange safe? Maybe you are new here and you are not aware of what happened with FTX. This is the latest crypto exchange that have collapsed but there are more of them in the past. After the downfall of FTX, people are now advised to pull out their money inside the exchange.

I know there are still exchanges out there that are not a scam for now but we can't erase the fact that they are centralized. Meaning they still have full control of your funds. They can do some restrictions if they want to and you can't do anything about that. The only way to be calm right now is to invest on your own and use a wallet which let's you hold your private keys.

When we talk about crypto, we should be more specific. Saying we need to leave fiat and face crypto is more generic and misleading because most Crypto projects are shit-coins. It will be more specific to say Bitcoin so that anyone reading will know the exact direction to following.

USDT isn't safe either, remember it's centralized. Bitcoin should be the main focus not even cryptocurrency as a whole. Stick to what works and not what we hope might work

Since the financial crisis of 2008 up until Covid, people had over 10 years of bliss when it comes to the economy. Jobs were plenty and credit was cheap, people are all too easy to forget the good times but like the action of the tides eventually it turns bad. People get too greedy, take too much credit, extend themselves too far and pile up on junk - then comes time to pay it back which requires cutting back, living frugally and in many cases waves of job losses as reality hits. Most of the more frivolous companies or ones that were never profitable but propped up on debt get wiped out, the jobs market gets recalibrated and then we slowly head back to the good times - rinse and repeat is the history of capitalism that no one is able to tame.

Besides not all merchants are accepting cryptocurrency.  You can check if we are able to live with crypto without converting our cryptocurrency to fiat currency.  Once we did that all the transaction will undergo bank clearance.   So it isn't not that easy, it is impossible considering the situation of cryptocurrency adoption.  You can not use Bitcoin on supermarket and malls in my country.  So how can we live or survive if we totally move to crypto.

Being optimistic isnt bad but we know that going with crypto in full scale cant really be that possible.Why? Government wont really be allowing that specially on replacing fiat on existence.
Also not all are really knowledgeable even on having that simple or basic transactions and also we cant really be that too confident on keeping up something which is really volatile
unless if we do deal up with it but in overall it cant really be just that possible. Crypto might really become that too big but it would really be just remain as an alternative nothingless.
Current problems or existing ones arent something that could be resolved out on making Bitcoin/Crypto as a mainstream or main thing.

I tried to invest some amount and I did it so quickly and it was utter disaster
I wish I would have never done this ...It took me months to get out of it. I am not always disturbed what to do - the investment is real challenge for me

Digital currencies will always remain a matter of contention, whether on the theoretical or practical level.
The price of cryptocurrency stocks is increasing almost in all exchange markets, with more than 20,000 cryptocurrencies spread around the world.
While other countries work to issue their own digital currencies, beside other countries whom prevent dealing with these currencies, and major governments and financial institutions (banks) fear that digital currencies will dominate the world, which may affect their role as a financial intermediary.

For use or micro transactions, of course crypto can be relied upon, but if a very complex transaction in life in the country is now impossible, cryptocurrencies transactions need many things such as the internet network, transaction speed and so on, it is impossible if we want to buy snacks in The roadside then sends Crypto and it turns out that after 10 minutes it has not been processed and it takes at least 30 confirmation.

Yes, Bitcoin is still more safe than USDT and crypto which investors and traders has tested and trusted to follow decentralized currency than follow centralized currency that can disappoint at anytime in the societies. Banks has done a lot of things that made many traders to prefer Bitcoin in their transaction than fiat money, because  some of the things they experienced from the bankers to stop them not to have access to their fiat money at the moment. Bitcoin is safe and secured in transaction and it hard for you not to have access to your bitcoins in a moment because their teams are very active to satisfy bitcoiners.

Lighting network could fix that issue actually, and your concern
against Bitcoin micro transactions  are now only down to internet connection and electricity.
Time will definitely come that Bitcoin is widely accepted as one of the main payment options including micro transactions. We only need consistent mass adoption.

In life sometimes we have to have a strict attitude and force ourselves, investment is a good thing for the future so that we must force ourselves to invest, never think wasteful or easily waste money because we never know what kind of life in the future, If we do not invest from now then we will regret it.

The wrong thing if when there is a Russian conflict then they will stop supply gas to Europe, of course Russia must bear the high consequences if it breaks gas, besides the use of gas in Europe not only depends on Russia, Germany has a gas company in many countries so they don't disturbed by Russian gas.

Actually, in this case, I don't feel like I'm forcing myself because I see, from any condition, it's a choice. are we going to prepare for old age well or not, if we really want to prepare for this investment is the right thing but if not then you really have to be willing to seek more profits in old age.
This is not coercion because there is no obligation for it, but it would be very good if it was done from the beginning, at least with that we have planned our future so that it is better than before.

This is easy t say, but difficult to act. Realizing that only using cryptocurrency for our life, not fiat, is something that is very difficult for most people in the world. However for those who are living in a country that illegalizes crypto as currency. This will be very difficult to search for merchants that accept crypto. It is too difficult to make payment methods for our daily life using crypto because here, crypto is illegal for currency. We may use crypto as one of the digital assets for investment, but not for currency.

The government may be failed, but the system of government will be always there. People in the government may be changing with the new system. So, never easy and impossible to leave if w are still living in the same country.

The thing we have to understand is that the financial and financial transaction system is a complicated thing, we cannot solve a problem by leaving Fiat, if this is certainly a lot of problems that can occur, the volume of transactions that increase significantly then the transaction costs are very expensive , if there are residents of around 20 million and every day the transaction will certainly occur billions of transactions per day and may take 10 hours to reach 3 confirmation.

we must not forget that we will still need fiat. because even BTC was made not to replace fiat but to be an option or another alternative. to be honest, I also experienced a lot of disappointment with the bank system. however, I am still aware that the role of the Bank will always be needed. Crypto and fiat should always coexist. both need each other.

Bitcoin was made as a payment method that is anonymous and transparent. I don't know why people keep telling bitcoin to replace fiat since it was not intended for that, though bitcoin could be future money but for now, it cant replace our own fiat as we are using it on daily basis and we are not just that advance that all of us uses digital money.

To be honest, crypto is not the only way to go about the economic downfall, banks owned by organizations and governments have consistently failed the people, crypto has also benefited the people significantly, but it does have some drawbacks.
Just look at the entire crypto market, do you think the world will cope in that manner? I mean, waking up and seeing that the $100 you were planning to use to buy a launch has lost half its value due to minor news that occurred in just a few hours; believe me, the economy would be worse than it is now. Bitcoin was intended to be a peer-to-peer electronic or, perhaps more accurately, digital asset that would be good against inflation but would not necessarily be widely adopted as a monetary currency.

People are starting to lose common sense in managing financial resources, the world is being hit by recession and inflation while the world economy is weakening, but some people are still forced to take loans to meet lifestyle needs, life in simplicity no longer makes people feel enough, because they have been spoiled by loans from banks and other places.

To what extent do you believe that the cryptocurrency you call can maintain value, are you sure that recession and inflation will not affect it, stablecoins and USDT are also not much different from fiat currencies, so they have the same chance in the journey, unless you dare to take the risk to hold bitcoin, but if you're still using Stable USDT, then it's the same as holding fiat currency as usual.

We cannot leave fiat currency and banks as quickly as imagined, because other supporting resources are still not available, transactions in crypto must still be converted into fiat currency as the legal currency for the purchase of goods and services, although in some places bitcoin has been accepted as a means of payment and some still use the services provided by the Bank in the process of converting crypto into fiat currency. The correlation between leaving fiat currency and banks is irrelevant and makes no sense today, as the infrastructure for crypto travel is still not strong enough on its own, so fiat currency and banks are still needed today.

For now, the system might be biased but there's nothing that people can do but to embrace that both system should work together, Bitcoin is a good alternative but fiat will continue to exist, there are many people who can't adopt right away who needs fiat to exist, while those who can adjust can take advantage of the current new system that exist.

We should live that way and continue to work on how we can reach those people who are not aware of changes inside the technology and the financial system that they can have as alternatives.

Exactly. Leaving fiat is not an easy way, moreover if we are still abandoned by rules and regulation under the government. We are still using fiat for daily life necessary because they are only accepting fiat. We might find difficulties to find merchants accepting crypto if we are forcing to leave fiat. Sometimes, our dream should be limited in any cases. But, we can still use it as one of the payment method, not by mean leaving fiat or replacing it.

Fiat's direct transaction does not require a fee, but if a Bitcoin transaction certainly requires a fee, many people hope to eliminate Fiat and replace it with bitcoin, but when the transaction sessions and transactions are more than $ 10 they complain, what if the transaction is 100x or 1000x from now?

I dont understand why you have crucified the banks too much when both Bitcoin, fiat, and banks can all co-exist as they all have their own importance in our economy.
Business owners survived long ago even before Bitcoin, so I don't see any good reasons why you're telling us Bitcoin is the only way they survive. Look at how they survived the pandemic, though some of them have never came back. But,  some of them survived because the banks lend them money to revive their businesses.

Precisely!! In my honest opinion, there are several countries who are struggling due to this inflation thing and for sure if what the OP says would be implemented, those countries I've mentioned would suffer greater. As for an example that there are places here in my country that doesn't have enough access to internet, how much more computers and other high technology devices? Crypto is already considered modern day currency which also belongs to high technology, therefore it'll take more years to explain to them the process and even provide enough access to techs.

However I think we need to be realistic and maybe whenever fiat is still needed,
because if leaving fiat is not impossible it will actually create new problems,
we need to look at the whole and that's important

In fact, Bitcoin at this stage occupies a very small part of the market and also plays a very minor role in the economy, while banks are still the main financial arteries and without their existence, we will simply lose our usual way of life. Banks will probably always exist, they will simply adapt to the current market conditions, or try to adapt them for themselves.

For now, the government really needs to have many ways because the global economic conditions are not doing well.
there are still many countries that still depend on the supply of raw materials from other countries, of course that makes this problem not easy to solve,
but what is clear is that we must still hope for the best for the future

When a problem occurs with a loan, someone tries to find the mistakes of others, of course this is not good because when we are in debt and our income is not in accordance with the amount of debt, it will be a problem or not paid off, many people feel optimistic to take home loans by thinking Only 25% of the salary, the fact is this will be difficult.

All of the countries are really getting raw materials to other countries but it is easy now than in previous years due to the pandemic. Now the restrictions are very easy and they can buy raw materials from others. Though this is not the only way to grow the economy of the country, we need more visitors and investors who are making business in the country which leads to more employment. The more the employment the more the economy is booming

Bitcoin is a good alternative especially since the outside market is in turmoil nowadays, but you can't expect people to immediately switch financial systems just because the ones they have accustomed all their lives with is having a bad season. Think of it this way, someone you know is actively telling you to switch to fiat or convert all your crypto assets into stocks and bonds because the cryptocurrency market is not looking good as of the moment, it will be a very hard decision to make. Incidentally, I don't think there's a need for a complete financial system switch. The two could work hand-in-hand to make things better and that has been the case for the greater part of cryptocurrency's history.

Fullbear is known as a famous troll, and this is not his first account, and to be fair to him, there is a need to start new topics, I know his past accounts as well, and how idiotic they were too, there is always THAT account he has that opens up topics like crazy, and could be banned later on because he changes accounts every 6 months to a year.

But, this is just getting silly now, leave banks and go full crypto is a risky advice that could hurt someone. I am all for keeping the forum active and having these type of discussions, but telling or suggesting something that may end up hurting someone is not acceptable, it is going to be dire consequences and we should avoid saying these things.

This would be true if not for the volatility of bitcoin and the "fun" of the crypto market. The question is - if you, for example, in March of this year, invested most of your reserves in bitcoin - how would you feel now?
After all, it is not a fact that bitcoin will once again jump above that price! And it’s not a fact that they won’t introduce tough rules - for example, “prove the legitimacy of the origin of your bitcoin reserves, and prove that you paid all taxes.” And the option is not ruled out that you will have to if bitcoin grows up and you withdraw it into fiat - then only through taxes ...

This is a very likely situation where we will have to prove the origin of our bitcoins, and it is understandable that many here did not pay taxes. But there are exchangers that can help us get around these points by paying a relatively small commission, exchanging for cash. I bought in March of this year and continue to buy now, yes the price has dipped but I am buying long term and since the price is now dipping my purchase price is averaging and in the end I expect to make a profit when the bull market comes.

I think if anything is happening in the world and which is going in the wrong direction then we don’t have to have solutions out of crypto all the time! It does not work like that. If something is wrong then it’s because worlds reserves and countries are not working by the books. That’s what happens when they misjudge the finances and start giving away billions of dollars in unwanted schemes and projects. Wel that’s entirely different story. However we can relate everything to bitcoin. In fact bitcoin is really unstable currency and it will take time to push it as worlds currency. It’s really far away from that implementation.

Cryptocurrencies are a great solution to make things simple and easy, we never thought that cryptocurrencies are growing fast like they are today but unfortunately many are used greedily to the point where many people cry like what happened with FTX.

Cases like what happened to FTX weren't that many in the past and even in FTX cases only one person was at fault. So it's not very appropriate if you say that more people are greedy for this, because the culprit here is not the cryptocurrency, but the people behind it who have bad intentions, as happened in the FTX example.

I'm even confused when you say cryptocurrency is a good and very simple and easy solution, but in other words you actually scare a lot of people by saying they are greedy, even though not everyone is greedy even though they are already in cryptocurrency.

true, crypto is simple and easy but what we have to be aware of is that crypto also has a high risk. as you said, for example, the incident that happened to FTX was an event that was beyond the expectations of many people and this kind of incident is one of the risks of crypto. and don't forget LUNA  ;D
So if you're not careful crypto won't be a solution but a problem.

How is crypto simple and easy? We have had a hard time learning it before and also trying to gain profit from it. The FTX incident was also hard to predict as we couldn't see any suspicious activity. The hardest thing in crypto is earning from it. When you say easy, it is about buying and selling it (not about getting profit) since it is easy to buy and sell as long as you have money, but gaining profit on it is another term. In the cryptocurrency world, many scams are happening, so we should be cautious.

correctly. because in fact we may not be able to escape fiat in a few decades. because after all Fiat remains the most comfortable to use today even though there are indeed many disappointments in the system run by bankers and everything is centralized. But still, we still need a very long time to finally be able to find a replacement for Fiat. and Bitcoin is just one that has the potential to do that. But I still hope that Bitcoin and fiat can coexist harmoniously. namely centralized and non-centralized coexistence in the financial system is extraordinary. because everyone has a choice freely. between centralized and non-centred.

but the countries where there is no acceptance of the bitcoin - there have been a huge problem for the people.
When they hacked or scammed - they can't make any complaint. so there are advantages and disadvantages

The process involved is easy, but to make profit out of it is really hard thing. With everything there is risk and cryptocurrency have high risk than any other form of investment. One who have understood better will make the moves accordingly as well as hold when required without getting into emotions. Same time fearing to scams and hackers will keep us out of taking risk. To me, the risk we take with the right learning will give good return someday.

What are those problems? I'm a bitcoin holder but what could problems those countries face if they don't accept bitcoin? I mean I like countries to adopt bitcoin but just because they don't adopt it, what problem has been huge on them?

Well, it happens and people who get scammed or hacked can't do that much but just have to report it. But looking at the positivity that their money will be returned, it's less than a 1% of the possibility.

I do not understand how you say this all, such nonsense. While your pocket is still paying for food with fiat. Be realistic and use the means of payment wisely. You still need fiat for all services in your country. Don't mistake crypto for an economic point of view. You just have to be good at using it, after all it is impossible to leave all the fiat piles if the state still makes it a legal method of payment.

It's impossible for you to be a fiat fanatic, right?

A smart business owner knows how to make a profit from all sides, not the way you describe it. I think you still don't understand the element of profit working well.

I like decentralized technologies, but it is out of place to think that cryptocurrency would save the world economy as we know it. Why? Now imagine for example that we leave fiat banks and go crypto like you have stated, don't you think that those who own a lot of  bitcoins today would become multi bitcoin trillionaires if it becomes the world's dominant currency, further creating a huge divide between the rich-poor? The world must repair itself, particularly its unfavorable economic policies.

The presence of cryptocurrencies certainly makes it easy for transactions, we don't need to be afraid because of fluctuations in bitcoin prices or others because now there are many stable coins, many think that bitcoin is a substitute for fiat, of course both have different functions and will be able to run without anyone must be abandoned.

After lots of people's opinion on CBDC, I started to agree that fiats and CBDC are same so trusting into CBDC after the failures of fiats might get us into deeper trouble than before. Still, I am not ready to go adapting usdt for any kind of usecase. I mean that I agree bitcoin could be only way to save people against inflation but not with usdt.

We use or not, fiats are going to stay as part of our economy but not believing into it for 100% will help us to protect against inflation. I guess in near future few more governments will declare about adapting bitcoin fully or part of their legal tender system then migrating to such country may help anyone to leave of fiats completely.

To save people now of course there are many ways, many people think that cryptocurrencies are the best solution, the fact is that until now many problems have occurred if transaction volumes have increased, there are 2 common things, namely very long transaction confirmations and transaction fees that are becoming expensive.

We just need to weigh the use of fiat and cryptocurrency. We know that it has various effects on the country's economy. The fiat is used in offline transactions which is very important especially in countries where internet connection is not yet widespread. If it does change and it becomes online, it is better to use the cryptocurrency that has a stable price and fast confirmation transaction so that its users are not affected.

There are many ways to save a person ,is to be smart in handling money and also be progressive in more aspect either offline or online transactions. Save and find a good way to handle our finacials , because no one can help us but ourselves.

If you advise people to leave fiat and switch to USDT it makes no difference, they are all centralized and regulated by the government. I don't believe anyone can leave the bank or fiat, even though they are having some problems but don't try to ignore that we have been using it for hundreds of years and are still using it every day.

As long as the bank is still relied upon by many people in one way or another, leaving fiat is a slightly more difficult thing for those who still cannot distance themselves from the bank, unless they can use and save their own money without having to rely on the bank again. And for those who have been able to leave fiat or cash that is usually used in life by switching to USDT, I think there is also a slight difference because USDT is a digital token that is well known as a stable token even though its nature is not much different from fiat.

Are we going to use stable coins from USDT forever. No one can leave Fiat as long as the bank is running smoothly. If you have $1 million USDT in your account, but your country of residence does not accept crypto payments, and banks do not accept crypto to fiat conversions. What do you do with $1 million USDT? Have you thought about this? So there is no point in killing some coins and popularizing one coin.

You seem to think that having a new currency miraculously solves problems in a whole bunch of countries, when it does very little. It doesn't matter what currency your bill is priced in if you cannot afford it in apples or oranges. In reality the existing payment networks are actually a lot more efficient when it comes to security, energy usage and traceability to catch people abusing the law. While the blockchain and bitcoin are definitely a novel concept that shows what a future decentralized currency could look like, even Satoshi would say that it was just a proof-of-concept that needs a lot of work before it can scale to support all the world's transactions in a timely and cost effective manner.

Well we are living in free world , if that the case .. you could simply trade with someone who knows usdt gonna worth that value money in their place or simply exchange it to other coins where you could be able to cash them out , we have a lot of options though .

Leaving banking system is not something impossible , it's just takes a lot of time!

People will still like bank no matter what they are going through in the hands of the bankers, because bank is under centralized and they are control by the government in all ramifications in the country. Leaving fiat to crypto is not advisable than to embrace the two to know how good they are to investors, and which one you need to save a huge amount of money for security purpose. Government are in charge of all banks which they have the power to close down any bank that disobey their order in the country, and they can also budget money to improve banks for their citizens to smile again.

What you say is not wrong, but on this occasion I just want to add and clarify so that the explanation becomes more focused where logically if the use of fiat money itself has never interfered with the use of cryptocurrency, I don't think maintaining fiat money is also not an issue that should be debated because in general they don't interfere with each other and also everyone can directly use both according to the desired needs.

So it is clear that fiat money does not need to be eliminated as long as it can still be used in certain places and also does not interfere with payment systems around the world. And the use of cryptocurrency itself is also very welcome because there are times when cryptocurrency becomes easier and makes it easier for every user to make transactions, even though a fee is charged but it can still be tolerated by using cheaper transaction fees as an option.

I will rather prefer btc and btc alone if i must seek for an alternative to fiat currency but take other cryptos and cbdc as all been centralized and make no difference from wjat bitcoin is presenting to us, anything that does not support decentralization is not worth going for anymore, this is what prompted people to seeking for alternative in bitcoin and take it as a gold rush because they are tired of having bsame results in fiat or from central authorities, they want to be independent with how they handle their finances in which bitcoin is the only means to that.

Fiat will always be there and crypto was not created to replace it because crypto or bitcoin are alternatives to fiat depending on who wants it.
and whether people prefer to hold the fiat that is minted daily by central banks, or whether they prefer a currency in limited supply. And I think the two will complement each other and they're more comfortable using fiat or crypto, because it's not easy to just get rid of fiat and it also takes a very long time for it to be evenly distributed, especially and at least everyone can use a smartphone to use it because not everyone use and understand how to use it.

Am very much not a fan of the ideology behind CBDC, the government hasn't been up and doing as citizens expects but that doesn't necessitate yet that we should leave the government to sink, in otherwords, it's like saying let's abandon the government, should we abandon government then there will be anarchy in the society which is something we shouldn't pray for. I'll rather suggest that let the government exist while crypto exist too.

Crypto is not yet in it's matured stage still, cause not every business man on the street have an idea of crypto existence not to talk about how it operates and for that reason the fiat money is still of necessity as it playing a significant role for newcomers as it is the only means that can use to purchase and own crypto currency in their local environment still lack certain crypto services.

There is logic in your words, but there is still a world system that wants to continue to exist as before. Yes, finances have collapsed, and this can be seen from the situation with high inflation. There is a solution and it is cryptocurrencies, but will the system agree? This is an open question and we will probably see a solution very soon. Of course, many now need money in order to survive in this difficult time, and cryptocurrencies could help many.

In fact for now people who love crypto are only a fraction of the dominance of fiat now so no one can really make this a reality because in essence the purpose of Crypto especially bitcoin is not to replace but only to be an alternative as you say.
I don't think there is a need to keep debating things that really won't be possible because for now the result remains the same. Fiat will still be fiat even if Crypto and bitcoin enter a country.

The fiat system is an old traditional means of payment and would not easily be replaced. I see and hear arguments from folks arguing in favor of bitcoin replacing the fiat system as the dominant means of payment and I wonder why and how such arguments begin In the first place. Bitcoin, though created to be an alternative system of payment wasn’t created nor intended to compete with the fiat system of payment. If people have used and compared both system and found bitcoin to be more preferable, that’s that.

they need to have reality check for those who are thinking that btc can easily replace the fiat system. as of now, there's no argument that fiat will stay long. yes, we should be grateful that btc was invented. but it doesn't mean, it can replace the fiat system so easy. there are pros and cons in both fiat and btc. now, it is up to you how you will make advantage of both.

indeed in reality fiat will not be able to get rid of by crypto. look, we are still using fiat as a transaction tool and it can never be replaced by anything.
and we all know that crypto is an alternative transaction that is much easier and as an investment asset.
so not everyone wants fiat money to be replaced by crypto and that is very unlikely to happen.

Why there are people who are really that optimistic on replacing fiat by crypto? yes, it is something revolutionary but wont really be that enough on taking fiats place.
We do know that not all are really that knowledgeable when it comes to crypto transactions + having that anonymity aspect or something decentralized which means that it couldnt really fit out
on what government do prefer.They wouldnt really allow things to be turned over into something which cant really be controlled which it would be understandable
that this thing is really that hard to believe for it to happen.

I think the current fiat transaction system is good, cryptocurrencies especially USDT is not a solution to be able to replace fiat, it may look simple but what if the transaction volume increases 1000x, the transaction fee can reach $ 10 and it takes 3 hours to reach 3 confirmations, so many things which do not or have not been able to replace the previous system.

I agree, it will never be remove in our economic system, fiat money can go low and people can't still think that fiat and crypto are not equal, sooner or later people know that in these battle, they are both still in the thread but somehow a certain coin that will follow in thus industry. He is near to the meeting place but still can't do they jobs properly.

Hmm.., cryptocurrency would soon be a currency that will be well known by all. This may take some times before this could happen but I believe Bitcoin will be well known and used around the world even among the non- educated fellows.

I find it amusing that you picked out the first reply on the first page of the thread to reply to. But it’s all good.
Cryptocurrency or more better, bitcoin in my opinion, has been heard by majority of the people on earth and it’s well known as a medium of exchange amongst other things.
Also, among the uneducated fellows, I strongly believe there would be some that will not be able to understand nor use bitcoin(no offense to uneducated fellows).
I think bitcoin, with time would be heard and known by everyone. Perhaps it would not be used by all but it would probably be heard by everyone.

fiat will never be abandoned by humans on this earth, because fiat is a legal payment.
we can invest in all types of investments that are offered, even though bitcoin provides more benefits than others but it must be remembered that bitcoin is not legal and one day it will disappear we don't know when
so think realistically with the worst possibility

I agree that there is no end to Fiat in the world and we know that there are many ways to use it especially in poor countries where Fiat is needed. Cryptocurrencies do not really have a guarantee of how long they will actually last and benefit their users.

But what really helps a person?

This is the money which is very important in the world let's also join with belief in God. There are many people whose efforts have improved their lives. We just really need to learn what we should expand to rise from being poor.

I think this isn't a solution at all because as of now lots people doesn't really know what crypto is and most of them are trying to understand and keep on the path where they got scammed and lost trust on crypto, people love fiat and they always think that when they leave their money in the bank they can have a safer future and this is the only way of trusting the legal payments and to think that they can get more benefit by leaving their money in the banks. As of cryptocurrencies They do not know where to invest even you will tell them put some of your money in bitcoin and they keep questioning what is it. Everybody can learn nowadays because we have internet access and it is easy to know everything you wanna learn from crypto