geberger
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October 06, 2018, 06:09:59 AM |
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Will i think government will not gonna do that. Because fiat money is still more important than crypto today and if you notice there are lot of scamming news in crypto. Thata why i doubt that governement will replace fiat.
Bitcoin can serve as a standard currency and can be used worldwide as a payment method. But i think Govt. Would be reluctant to accept this bitcoin as a national currencies for their nations. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Escan0r
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October 06, 2018, 06:46:20 AM |
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In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
Maybe it will be possible for the next 100 years. Because the government wants them to be better and useful in the future. So, of course, in a few years there will be a country that will make an eye for them. |
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Tosyn2
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October 06, 2018, 07:21:20 AM |
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There is possibility it could be faster than 100 years, this a nee technology government are showing interest already i don't think it will be far probably in the nearest future.
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Koenraad Lange
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October 09, 2018, 01:56:20 AM |
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Will i think government will not gonna do that. Because fiat money is still more important than crypto today and if you notice there are lot of scamming news in crypto. Thata why i doubt that governement will replace fiat.
The government may create crypto money to be used in the country, but it will not replace fiat money, because fiat money is easier to use and there is physical. So the existence of crypto money with fiat money is equal, and the public is welcome to use what is preferred and efficient. |
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Nolan786
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October 09, 2018, 02:23:30 AM |
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From my point of view, it will soon happen in the future. the government can see the potential of cryptocurrency but the problem is that the govenrment can not control it, i think if is possible that govenrment will create their own cryptocurrency that can replace fiat in the future
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deppil
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October 09, 2018, 02:43:59 AM |
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Will i think government will not gonna do that. Because fiat money is still more important than crypto today and if you notice there are lot of scamming news in crypto. Thata why i doubt that governement will replace fiat.
Of course. they won't do that. they will not make a new currency just to be a competitor for Fiat. moreover cryptocurrency is decentralized. of course it will trigger them to manage the currency and it can be a loss for themselves? let alone fiat is perfect for them |
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Snaic
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October 12, 2018, 07:25:27 PM |
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In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
States will consider the issue of creating their own centralized cryptocurrency and many will actually create it. However, it will not replace the national money of these states. Centralized cryptocurrency can only go in parallel with the national money, only in this way can it benefit the state. However, it can also be said that the cryptocurrency will constantly evolve; other, more accessible forms of their existence, both separate and joint, may appear. |
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SkvorNyc777
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Swipe!
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October 12, 2018, 09:28:34 PM |
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I think that this scenario is actually more than possible because currently governments are not favorable for crypto and probably they will have more credit for their own crypto currencies.
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saponetes
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October 12, 2018, 09:51:00 PM |
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Somewhere in the near future i have few doubts that money will be totally digital.
Paper money will have an end in the near future, however i doubt if governments will adopt blockchain as the base of digital fiat, because of (de)centralization.
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djselery
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October 12, 2018, 09:59:43 PM |
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It is possible that some countries will try to create their own cryptocurrencies (which will be centralized likely), and try to convince their citizens to use them instead of using Bitcoin and the similar decentralized cryptocurrencies. But they will still support their fiat currencies at least in the near future.
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Barcode_
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APP下载sbapp.io
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October 13, 2018, 10:51:26 AM |
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I do not see any reason for any countries in the world to totally eliminate the usage of fiat currency in their own countries even when its own government have plans to create their own crypto-currency, the existence of fiat currency would still be very important to a country economy, as the citizens who do not wish to use crypto-currency at all would obviously stick to the usage of fiat currency to purchase their daily necessities.
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freedomgo
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October 13, 2018, 12:04:59 PM |
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I do not see any reason for any countries in the world to totally eliminate the usage of fiat currency in their own countries even when its own government have plans to create their own crypto-currency, the existence of fiat currency would still be very important to a country economy, as the citizens who do not wish to use crypto-currency at all would obviously stick to the usage of fiat currency to purchase their daily necessities.
The economy would be progressive if there will be freedom for people to use what currency they want. Bitcoin and crypto as a whole is not only a currency, it gives us full freedom to consider this as an investment as well due to its limited nature. People will appreciate crypto as soon as they fully understand it because of its decentralization. |
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Friskaadew
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October 13, 2018, 12:15:46 PM |
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In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
When viewed 100 years into the future it is very possible that human mobility is very infinite and requires us to be simple and may also affect finance which no longer uses paper money, other than damaging the environment because paper is made of trees, paper money need space in our wallet and the amount is limited, so maybe in the next 100 years many great scientists will find new payment instruments. |
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Ekimzjames20
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October 13, 2018, 12:37:36 PM |
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In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
When viewed 100 years into the future it is very possible that human mobility is very infinite and requires us to be simple and may also affect finance which no longer uses paper money, other than damaging the environment because paper is made of trees, paper money need space in our wallet and the amount is limited, so maybe in the next 100 years many great scientists will find new payment instruments. I think government did not create their own cryptocurrency, instead they will embrace or accept the bitcoin or blockchain. Because it is already strong, it is not difficult for them to introduce to their people, it is already known and many used it. |
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KGBx
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October 13, 2018, 01:39:26 PM |
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I think that can happen even in nearest months, many countries already investigate actively all the crypto in order to check whether it is suitable to replace fiat.
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Seeker#9
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October 13, 2018, 01:58:33 PM |
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It will takemore years before cryptocurrency replaces fiat even if the government decides to create its own cryptocurrency. Many people would not easily accept any drastic changes in their mode of payment and transaction and there is a need to convince them first to shift to digital money. In the wealthy countries like Japan, USA and Germany, the change to digital currency might be faster than any countries in the third world because the technology to support digital money are already in place.
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centimentalking
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October 15, 2018, 09:49:37 AM |
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Will i think government will not gonna do that. Because fiat money is still more important than crypto today and if you notice there are lot of scamming news in crypto. Thata why i doubt that governement will replace fiat.
I believe it can be happen. People are moving to cryptocurrency and leaving fiat. I think government will make there own coins to involve there people with that currency and force them to leave bitcoins. |
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zhanyiguai261315
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October 15, 2018, 01:18:14 PM |
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A cashless society is a trend, and cryptocurrency is the future currency!
Now that some countries have created their own cryptocurrencies to replace legal tenders, this may become a new trend!
The cashless society is moving closer to our lives!
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West0813
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October 15, 2018, 02:04:45 PM |
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Government can create their own cryptocurrency. But i think they create it not to replace fiat but to have another ways to pay or buy good using cryptos. So people can choose what they want to use to pay bill. Fiar or crypto.
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Rustamm
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Bitcoin lover!
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October 15, 2018, 05:55:43 PM |
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In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
No, I do not think that the ever centralized cryptocurrencies of various states will replace the usual paper money of these states. Most likely, the states will create their own centralized cryptocurrencies to use the advantages of cryptocurrencies, however they will only go in addition to the national money of this state. Perhaps the state will create them in opposition to decentralized cryptocurrency. However, I do not think that the centralized cryptocurrency of these states will harm the use of decentralized cryptocurrency. Rather, on the contrary, people will be more interested in decentralized cryptocurrency as well, having seen the state support their cryptocurrency. |
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