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Author Topic: Can cryptocurrency make real money disappear?  (Read 28414 times)
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October 25, 2017, 01:48:58 PM
 #821

What are the chances of living in a world with no actual money ?  Shocked
I believe that it can't make money disappear. First reason is that money or regular currency is supported by governments of different countries unlike Bitcoin which is decentralized. Second, Bitcoin is a digital currency and still not that secured since it is an open source system. Lastly, both are different currencies and they have different functions not only as a currency.

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October 25, 2017, 01:55:12 PM
 #822

I don't think it will happen. Real money already exsited for long time, and it'll be hard to make a big revolution and change real money to cryptocurrency.
And also, i don't think cryptocurreny is convinient enough to use, considering the waiting time to transact, high fees and others. If we use real money, we don't need to care anything about that. And also, not all people understand this new technology. Even there're many who still don't know how to use internet.

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October 25, 2017, 01:57:54 PM
 #823

Nope , government issued money is always there cant be removed not with our current technological advancements

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October 25, 2017, 02:27:36 PM
 #824

No, not at all possible. Majority of countries in this world still using cashless transactions and not digitalised yet and it's important that whether governments have legalised it or not. If they append to cryptocurrency possibly, we can see many people using this technology also one of the leading reason could be lack of awareness about cryptocurrency among the people can't make real money to disappear.
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October 25, 2017, 02:36:27 PM
 #825

I dont think so, I think that cryptos and fiat will live together

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October 25, 2017, 02:59:19 PM
 #826

i dont think so that cryptocurrency will dissappear real money,because it is decentralizeda and the only way is that if it make secure and become centralized then may be it will take the place of real money.

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October 25, 2017, 03:05:56 PM
 #827

To live without real money in this world is impossible. To make real money disappear by cryptocurrency first the whole world each and everyone has to be get connected through internet every body should aware of cryptocurrency not only that they should have the equipment to handle by them in their day to day life. After all this happen all country together in this world should officially start accepting for all government fees for those to be done miracle has to be done so in my point of view real money will stay for ever but usage volume maybe reduced in near future itself. People are willing and change also want to upgrade themselves along with the technology.

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October 25, 2017, 03:09:56 PM
 #828

Even if this is possible there will be great resistance against it. A lot people needed to be convinced and as well I can't even imagine all fiat currencies to be exchanged to cryptos, it is just mind-blowing..

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October 25, 2017, 03:22:21 PM
 #829

Even if this is possible there will be great resistance against it. A lot people needed to be convinced and as well I can't even imagine all fiat currencies to be exchanged to cryptos, it is just mind-blowing..


Digital currency is already popular in the world and in fact more people in this modern days are patronizing it but this is not enough for it to replace real money. It will take a lot of debate and process to different countries to shift from real money to crytocurrency especially not all countries are legalizing it already. With regards to its people also not all are with internet access and are computer literate and not all even have smartphones, so this is a little bit difficult to happen yet anything can happen in the future.



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October 25, 2017, 03:23:58 PM
 #830

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

What do you mean? Bitcoin is real money.

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October 25, 2017, 03:28:33 PM
 #831

What are the chances of living in a world with no actual money ?  Shocked
I guess not, physical money is more important than virtual money because it has a fixed value unlike cryptos because of its volatility

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October 25, 2017, 03:29:37 PM
 #832

For me, cryptocurrency can’t make real money disappear, because it’s real money that everybody uses. It’s just 1-3% in this world use cryptocurrency to buy the things they need or they want. The real money used by 99% in this world even you. You need real money to buy something’s and many more. But even you own bitcoin you still need real money, because not every store, company and even person accepts bitcoin as a payment. Smiley
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October 25, 2017, 04:05:59 PM
 #833

What are the chances of living in a world with no actual money ?  Shocked
I believe that it can't make money disappear. First reason is that money or regular currency is supported by governments of different countries unlike Bitcoin which is decentralized. Second, Bitcoin is a digital currency and still not that secured since it is an open source system. Lastly, both are different currencies and they have different functions not only as a currency.
Exactly, you are right. Bitcoin is not only a currency as FIAT, Bitcoin is still an asset and a tool helps us to transfer money internationally. Beside that, Bitcoin also can be using for many purposes about make money, especially is trading.

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October 25, 2017, 04:09:13 PM
 #834

I think crypto currencies can't make fiat currencies disappear, because the majority of people around the world still using fiat a lot more than BTC and other altcoins. So it will need very long time for this people to know about crypto and start using and dealing with it


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October 25, 2017, 04:11:32 PM
 #835

What are the chances of living in a world with no actual money ?  Shocked
Bitcoin is doing really great and is at its top. Bitcoin has gained a lot of popularity and users since it had started and they both are growing still. But still I don’t think that bitcoin can replace money from the world because firstly, money is way more popular than bitcoins and it has way more users than bitcoin. Secondly, money is a stable form of currency so it’s value does not fluctuate on the other hand bitcoin’s value continuously fluctuate. Then money is centralised leading to increased stability whereas bitcoin is decentralised.
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October 25, 2017, 04:29:33 PM
 #836

Not all countries accept the existence of other bitcoins and cryptocurrencies. Perhaps the development of the times and the technology that can determine this. I prefer fiat and cryptocurrency side by side, cryptocurrency can mask fiat performance deficiencies, and vice versa, and I think, fiat will always be there and will continue to be used.

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October 25, 2017, 04:37:51 PM
 #837

I think that's a no. Because after you earn crytocurrency, you have to exchange or sell it to and receive your country currency. Now you can withdraw it from your bank account and you will receive cash in your hand. So to me, no. It can't make real money disappear

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October 25, 2017, 04:44:17 PM
 #838

Crypto currency will be more popular than nowadays, but, in reality, it can not replace actual money because btc or anything else can make the trade or shopping online easier instead of normal money but never become more reliable, valuable or stable than actual money in almost situation. I can't predict the future what will happen with bitcoin but i think in next 100 year, money still rule as usual.
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October 25, 2017, 04:47:31 PM
 #839

I think that's a no. Because after you earn crytocurrency, you have to exchange or sell it to and receive your country currency. Now you can withdraw it from your bank account and you will receive cash in your hand. So to me, no. It can't make real money disappear

You got it.
Others will lie trying to pretend it will work but it will not. Not at this time.
A lot of countries do not have the same technology as others. We still rely on paper money.
That cannot be erased for many years to come.

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longpro098
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October 25, 2017, 04:50:54 PM
 #840

No chance to lose real money by password. It's a lot of consultation and approval process before having the opportunity to make it through the cryptokurrencies that are used worldwide instead of fiat.
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