Can cryptocurrency make real money disappear?

[ladydark]

Crypto currency could not make paper money disappear.Even now,there are more people who think paper money as the real money.They are not familiar with digital transactions.They don't have a bank account.Even some old people think only paper money as the real money which they could feel in their hands.Even in most developed countries like US,paper money exists.

[snowcrashed]

Crypto currency could not make paper money disappear.Even now,there are more people who think paper money as the real money.They are not familiar with digital transactions.They don't have a bank account.Even some old people think only paper money as the real money which they could feel in their hands.Even in most developed countries like US,paper money exists.

In my opinion, I think crypto currencies can replace real money, of course it will not be Bitcoin. I think in the future, there will be (some) crypto currencies that is optimized for daily payments so that people can use them as money.

[Rinder]

Even knowing crypto potencial i do believe the most of us will end exchange their coins into their local fiat, because we cant yet use the crypto coin to all thing, beside those banks and countries wont let it happen, why would they let crypto remove their power and control, it wont happen at all be sure of those.

[iram3130]

Even knowing crypto potencial i do believe the most of us will end exchange their coins into their local fiat, because we cant yet use the crypto coin to all thing, beside those banks and countries wont let it happen, why would they let crypto remove their power and control, it wont happen at all be sure of those.

That is because at the end of the day if the governments ban internet usage then you'll never be able to use those Bitcoins. Many third world country people still hesitate on using bitcoins because of that. Some of the government's are worst and can do anything to be in power.

[warrior333]

Even knowing crypto potencial i do believe the most of us will end exchange their coins into their local fiat, because we cant yet use the crypto coin to all thing, beside those banks and countries wont let it happen, why would they let crypto remove their power and control, it wont happen at all be sure of those.

That is because at the end of the day if the governments ban internet usage then you'll never be able to use those Bitcoins. Many third world country people still hesitate on using bitcoins because of that. Some of the government's are worst and can do anything to be in power.

It seems to me that you are mistaken. In third countries bitcoin users more than in the developed countries of the West. Due to the fact that earning bitcoins on the Internet helps people to survive, but for Westerners it's more fun because they earn more in a day than the Fiat you earn bitcoins in a week.

[salinizm]

What are the chances of living in a world with no actual money ? 

 According to me, real money will always be used on financial areas besides this, cryptocurrency will have a lead position in this field for that reasons, nothing will win ...

[bitllionaire]

Even knowing crypto potencial i do believe the most of us will end exchange their coins into their local fiat, because we cant yet use the crypto coin to all thing, beside those banks and countries wont let it happen, why would they let crypto remove their power and control, it wont happen at all be sure of those.

That is because at the end of the day if the governments ban internet usage then you'll never be able to use those Bitcoins. Many third world country people still hesitate on using bitcoins because of that. Some of the government's are worst and can do anything to be in power.

It seems to me that you are mistaken. In third countries bitcoin users more than in the developed countries of the West. Due to the fact that earning bitcoins on the Internet helps people to survive, but for Westerners it's more fun because they earn more in a day than the Fiat you earn bitcoins in a week.

yes that is right currently its look like difficult because there are very limited about of people who know about bitcoin and it will surely take a lot of time when majority of people will start using bitcoin.

[andrei56]

I think real money would likely make crypto disappear 1st.

The reasoning behind this is, crypto may be more likely to be hoarded than fiat which could lead to crypto disappearing as its hoarded in greater quantities, while fiat is freely traded.

Eventually we will go to no money or just some sort of digital money, they will not be paper money. Think this as if we as society evolve trough history then money or should I say mean of paying has to evolve to. We might not witness this perhaps some of our kid or grandkids will, but this will happen eventually.

While there is no doubt that we are evolving to a society that issues its payment electronically, just look at bitcoin, it is impossible to completely erase cash since you still need the poorest part of the population to be able to engage in economic activities like buying and selling their products.

[azguard]

I think real money would likely make crypto disappear 1st.

The reasoning behind this is, crypto may be more likely to be hoarded than fiat which could lead to crypto disappearing as its hoarded in greater quantities, while fiat is freely traded.

Eventually we will go to no money or just some sort of digital money, they will not be paper money. Think this as if we as society evolve trough history then money or should I say mean of paying has to evolve to. We might not witness this perhaps some of our kid or grandkids will, but this will happen eventually.

While there is no doubt that we are evolving to a society that issues its payment electronically, just look at bitcoin, it is impossible to completely erase cash since you still need the poorest part of the population to be able to engage in economic activities like buying and selling their products.

I know that there are poorest part of every society and even whole countries, this is something that will happen one day. Probably we wont see this but we made most of our progress with every day electronic payment that are seen on account i momentary.

Still for this to be real we will take lot of work and preparation and adjustment in monetary system to be able to follow everything. This is process that will need lot of time to be fully integrated.

[Joshua101101]

Crypto currency can make ordinary money disappear only if it can be used without the Internet and it will be controlled by the state. Otherwise it will only be an additional currency.

[JL421]

It's really low, we can surely see in future that maybe 10% of countries in thw world will do it but others will surely not want ti adopt a decentralised currency as the main way of making purchases and most of us know the reason. There are also other factors we will need something with unlimited supply , prone to hacks, no fees , faster transaction speed etc which no crypto all these features currently

[btcdiggingmaster]

I think without real money there is no crypto in this world because they are spending their fiat currency to buy bitcoin. Maybe in future, it is going be another option for people where stores will accept bitcoin, but right we have to convert them into fiat currency only.

[novemberwoah]

I think crypto will not make real money disappear. Currently the government is still managing real money and still in large numbers, so real money is still used by many people. At least in the 10 - 20 years the real money will still continue to be used in large numbers. I'm sure in the future digital payments with crypto will be a trend, but that does not mean it will make real money disappear and will not be used again. Due to the fact that in direct transactions it is still difficult and takes time if making a payment with crypto. And to use crypto still have to buy first with money. So I do not think real money will disappear. Perhaps the right is crypto will reduce the production or use of real money, it's like an alternative.

[iv4n]

I think crypto will not make real money disappear. Currently the government is still managing real money and still in large numbers, so real money is still used by many people. At least in the 10 - 20 years the real money will still continue to be used in large numbers. I'm sure in the future digital payments with crypto will be a trend, but that does not mean it will make real money disappear and will not be used again. Due to the fact that in direct transactions it is still difficult and takes time if making a payment with crypto. And to use crypto still have to buy first with money. So I do not think real money will disappear. Perhaps the right is crypto will reduce the production or use of real money, it's like an alternative.

But now for the first time people have alternative, what was before bitcoin, just fiat! People didn't have a choice really, now at least we can choose what we wish to use more, but still we need to maintain connections with fiat. I belive that crypto currencies can replace fist one day, this change over can't happen over night, for that we need to wait many more years, but possibility exist, and its biggest each year. I also think that this change will not pass quietly, fiat currencies have a strong strongholds and they will not give up easily, who knows what kind of plans this circle is making for destroying bitcoin, and crypto world.

[highlandknight]

There are less chances. Expecting that cryptocurrency will disappear real money in some countries only. In most of the countries, real money will continues as usually. It is just my opinion. Please share your feedback also.

[Matimtim]

I think the real money cannot disappear because of cryptocurrency value its because many people are not aware about bitcoin or in other cryptocurrency.

[Manuj]

Only if everything in the world goes online will money totally disappear and may be replaced with cryptocurrency.

For now, it won't. There are so many advantages in using fiat money that cryptocurrency cannot provide.

[Proton2233]

Real money is the blood of the national economy and crypto currency is the blood of the networked economy. Having the bitcoins you need to buy goods which are produced the economy of the state. So no one will vytesnit.

[Fermin]

Yes , Bitcoins can over come real money. in every where can accept bitcoins in future. All the transactions are will do by Bitcoins. If huge amount transactions banks have eagle eye so no one can transfer real money. with bitcoins there is no problem to sending and receiving.

[Rostadom]

In the far future, when we are cyborgs and robots have taken over. The only way cryptocurrencies will be used by each and everyone will be when we live in a world that's like the concept of futuristic movies. There will always be people that in need of fiat money because the Internet is not available everywhere.

But think about it, it's not entirely impossible. We only have to print out paper wallets so we can do off chain transactions. Since you can make unlimited amount of paper wallets, putting different denominations on them will not that hard. For example, I can print out a paper wallet of bitcoin, deposit 0.1BTC, and use that piece of paper to do transaction. Even the people that don't have a smartphone can participate because they can simply ask for other people to scan the QR code and see for themselves that the address actually hold some coins.