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Author Topic: Can cryptocurrency make real money disappear?  (Read 28795 times)
r1a2y3m4
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March 18, 2018, 04:50:02 AM
 #1741

Right now, No. Crypto cant make real money disappear. And it doesn't have to. A lot of people dont realize they are not enemies. Crypto doesnt have to make real money disappear. Money doesnt have to make crypto disappear. They can work side by side. They can coexist. As real as it gets, A lot of people doesnt have access to internet. Yes. If it sounds wrong im sorry to tell you but it is correct. And real money have to handle day to day transactions like buying fish and eggs and meat on the market. Crypto cant handle that , imagine buying 1 kilo of pork on the market with your bitcoin. Ordinary people dont have a gear for that.

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MidKnight
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March 18, 2018, 06:36:04 AM
 #1742

It will not. Cryptocurrency is just convenient transfering money on far places and there's no need to go to a money remittance and fill up many forms but the internet and gadgets aren't affordable to poor families so they can only use real money.
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March 18, 2018, 05:55:31 PM
 #1743

I think it's possible but not doable. Imposing digital currency to all kinds of transactions will be a pain in the ass and requires an upgrade of all the needed gadgets or equipment for those people who are currently not using Bitcoin as a mode of payment. In addition to this are circumstances like the need to educate those people who will be using these gadgets. In short, this change will require total acceptance of the people to Cryptocurrency.
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March 18, 2018, 07:01:25 PM
 #1744

Though Bitcoin is a very promising commodity, still I think it cannot replace the real money. For one, any government will not hold anything that they cannot control and bitcoin for that matter is an example. It is a decentralized currency, meaning no one has a direct authority over it.
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March 18, 2018, 07:35:54 PM
 #1745

I think not. They are very popular and gaining popularity. But they will not replace real money. They may be used together with conventional money at the same time.
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March 18, 2018, 07:37:16 PM
 #1746

It will not. Cryptocurrency is just convenient transfering money on far places and there's no need to go to a money remittance and fill up many forms but the internet and gadgets aren't affordable to poor families so they can only use real money.
There are practically no people and families without telephones. Everyone has a device. This is not a problem.
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March 18, 2018, 08:33:22 PM
 #1747

Since cryptocurrency is still evolving and developing we still not know what might happen in the future. But as of now even if cryptocurrency exist like Bitcoin, the conventional money will not disappear because old people might not adopt the changes if it will changes already. We must educate first the people you doesn't know the cryptocurrency for them to adopt the innovation.
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March 18, 2018, 08:41:02 PM
 #1748

Cryptocurency will not be valuable without real money, so it is certain that cryptocurency must go hand in hand with real money. In conclusion the opportunity to live without real money is low, must be balanced between real money and digital money.
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March 18, 2018, 08:42:38 PM
 #1749

Digital money will start taking up a lot of transactions, but I don't see hard cash disappearing entirely. There are still many uses for hard currency. Even if it does disappear, I think it will be a long time from now.
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March 18, 2018, 08:58:48 PM
 #1750

my opinion in the modern world to live without money impossible, and chance survive without them there
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March 18, 2018, 09:32:26 PM
 #1751

I think that it is impossible for bitcoin to replace the fiat money. Not now at the very least. The mere fact that bitcoin is volatile makes it inefficient for the main currency of thr world. Maybe bitcoin is not cut our for being the replacement of real money. However, it can work together side-by-side with the real world money.
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March 18, 2018, 10:48:09 PM
 #1752

I think crypto made not to eliminate fiat / real money. Precisely crypto is made to make easier in financial transactions where bitcoin is especially used as an alternative (although the fee tx now looks quite high) send money from anywhere to anywhere.
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March 18, 2018, 11:18:42 PM
 #1753

it is hard to say. I think that wouldn’t happen because although cryptocurrencies are emerging on this kind of generation, money is too wide range and is used way back then. I think it will be a good alternative but will never be used as substitute in the future.  Wink
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March 18, 2018, 11:20:55 PM
 #1754

You mean money that we cannot touch? Well, we are already experiencing it through credit card. Instantly we can purchase things by just swiping the magic card. So being a cashless society wouldn't be hard for us when that time comes because we are somehow in that situation.

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March 18, 2018, 11:23:25 PM
 #1755

Cryptocurrency is here to help the monetary system, Maybe one decade from now Cryptocurrency will be one of the most use by people around the ecosystem, Just be patience and everything will follow. Technology is evolving very fast just like the internet era.
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March 18, 2018, 11:23:56 PM
 #1756

For me there is low chance of living in a world without no actual money. Every countries will remain their currencies and same as their own virtual money. The cryptocurrency might serve as an alternative ways to run everything for payments, buying online etc. In other words its so hard to live without the real money.
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March 19, 2018, 12:07:27 AM
 #1757

I think NO. The cryptocurrency might serve as an alternative ways to run everything for payments, buying online etc. In other words its so hard to live without the real money. Real money is the primary uses for transactions  of all people around the world. Therefore, the importance of fiat still more than Bitcoin and cryptocurrency is only an internet base exchanges.
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March 19, 2018, 12:35:31 AM
 #1758

A world without physical money will never happen. Physical Money will always be needed to purchase things and the good thing with this is that it doesn't require internet connection and electricity. Imagine what will happen if there is a power outage, the world won't stop just because there is no access to the internet or electricity. Bitcoin will only serve as an alternative way of paying. What we should wish for is for bitcoin to keep on increasing.

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March 19, 2018, 12:55:00 AM
 #1759

It is very difficult in my opinion, because many people still desperately need real money instead of bitcoin. Still a few people who know bitcoin then it will be very difficult to remove real money. We know the bitcoin is very simple, but i do not know for the future real money is still there or not.
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March 19, 2018, 01:10:49 AM
 #1760

For me, in this generation, it is really not gonna happen that money will not be used anymore. Since all of the people are still relying on real money.  Whenever a person is employed, he/she will be compensated with real money. And that only there are only few countries who's accepting bitcoin as a payment. Though it is still possible, but maybe not in the near future.

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