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Author Topic: Can cryptocurrency make real money disappear?  (Read 28404 times)
Notcalculator
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October 26, 2017, 04:24:38 AM
 #861

Very low. There's no way countries would willingly throw away their own currency and people aren't just ready to throw away their dollars for bitcoins.

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October 26, 2017, 04:29:52 AM
 #862

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

Very unlikely; it existed for years; cryptocurrency will provide an alternative way of trade and living but I do not think money will ever vanish.

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October 26, 2017, 05:15:54 AM
 #863

In my opinion cryptocurrency can’t make real money disappear. Real money is the primary needs of the people. Real money is the most uses of all than bitcoin. If it will happen we need that all person have an internet and know bitcoin, but is so difficult it’s just 2% of people knows bitcoin.
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October 26, 2017, 05:58:05 AM
 #864

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.
Yes very well said,. that's exactly true bitcoin can hardly replace the real money even how popular it is since it is decentralized meaning no third party invlove then it is hard to control by the government and i think that reason alone the government will not adopt the system.
Well, only the decentralization network of Bitcoin still enough to make the government have a reason do not accept it. We all know before accept anything is legally, the government need to have permission controll those things.
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October 26, 2017, 06:29:07 AM
 #865

I don't think that cryptocurrency can remove the real money from our world. We all know that crypto has no physical coin and its came from technology. and this technology is still new and not all of peoples around the world know that cryptocurrency exist. real money is a common needs and use in physical transactions. Not having real fiat can cause disturbance to the economy and businesses.
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October 26, 2017, 06:30:43 AM
 #866

what do you mean by real money? untill you can answer that question, your original question does not make sense.
Money in my view is just an easy means of payment. In reality we dont use money anymore, everything is digital wires anyways.

So yes, crypto will replace standard fiat - in time.

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October 26, 2017, 10:18:55 AM
 #867

What are the chances of living in a world with no actual money ?  Shocked
It is quite possible to live even without money because that literally happens thousands of years ago but for our current time, it is quite impossible to loss the real money because it has been a part of our daily life situation that if we do not have it, we are just like incomplete with no money to spend to sustain our daily life expenses. Cryptocurrency must be an innovation of the real money and not a role for the disappearance of real money in the real world so I bet, cryptocurrency will not make real money disappear.
true, Digital currency is one form of real money innovation. As we know in ancient times when people can only trade with the goods exchange system, it is very difficult for everyone who does the barter system to use goods because not necessarily the goods that are exchanged can be the same value. Therefore the creation of a currency to facilitate the various transactions that can be felt up to now, and the form of digital currency is just the development of advanced technology created to facilitate payment transactions from wherever we are.

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October 26, 2017, 10:23:17 AM
 #868

In my opinion, the more opportunities to pay in different ways, the better. In some cases, we need Fiat in others bitcoins.

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October 26, 2017, 10:30:37 AM
 #869

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

Our society cannot survive without the fiat because that is what the majority uses. Fiat can produced infinitely by the government to control the national market. But for instance, a world where the technology is advance and globalization has taken over the whole world, it is more practical to use the crypto currencies. However, this world would still be decades or even centuries away from us in the present.



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October 26, 2017, 10:34:51 AM
 #870

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

Our society cannot survive without the fiat because that is what the majority uses. Fiat can produced infinitely by the government to control the national market. But for instance, a world where the technology is advance and globalization has taken over the whole world, it is more practical to use the crypto currencies. However, this world would still be decades or even centuries away from us in the present.

Yes, the world cannot fully adapt blockchain technology due to many reasons. But the most important is the Bitcoin will offer more than local cash can do. although local currency however has a fix value within a period of time unlike Bitcoin that changes everytime like every seconds, hour and day.
For me, Bitcoin has nothing to do with fiat but it only offer other ways to usage espcially international markets.

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October 26, 2017, 11:31:44 AM
 #871

Every single person use money every second/minute/hours.It is going to be impossible to make real money disappear and also i think it cannot replace money because government will not hold anything that they cannot control.
We cannot tell what will happen in the future.
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October 26, 2017, 11:54:53 AM
 #872

i don't think so, because in each of region have different regulations. to blend all regulations to one is nearly impossible(?) and yet, not all people are ready to accept cryptocurrency as global currency that beat money  Smiley maybe later in the future. That's my opinion. #CMIIW

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October 27, 2017, 10:17:06 AM
 #873

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

Anything can happen in the future we cannot determine when and how cashless society would happen here in earth but there will come a time that everything would be in line with the technology. But for now cash would still be visible unless the people would all adopt the use of crypto currency.
It is right that nothing is impossible in the world to happen but it will be hard for cryptocurrency to overcome on fiat and eliminate it completely because it will take enough time and may be both will survive together just like today.

Hopefully a time will come when there a cashless society will exist and mostly people will use cryptocurrencyfor executing their needs in future but across the world it will be difficult for cryptocurrency.

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October 27, 2017, 10:36:01 AM
 #874

Crypto can replace fiats only when their value is stable and not so volatile. As of now crypto is only an investment not currency.
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October 27, 2017, 10:42:32 AM
 #875

No way. Its never gonna do that. Do you see governments giving their fiat currency for crypto? Hell nah...

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October 27, 2017, 10:44:37 AM
 #876

Everyone can owe each other instantly
maybe it will not give: D is not known but it is easy to do it can not say no
I think People try to get to each other's wallets Bones are comfortable Maybe we do not need the real money Stop the cost of the paper world There's not a lot of oxygen in the trees I think it can be done


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October 27, 2017, 10:55:53 AM
 #877

What are the chances of living in a world with no actual money ?  Shocked
Its kinda boring world for me. I think its impossible to happen, cryptocurrency makes money or fiat dissappear. Although its good to hear that crypto currency is a little bit changing the world but there's a history in fiat money so we can't change it.
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October 27, 2017, 11:02:51 AM
 #878

its impossible right now because there are alot of people who dont have internet connection most of people who dont have them are poor people and there are still alot of poor people in this world who cant even afford food and bitcoin unstable price made it impossible also government doesnt have control bitcoin they would refuse fiat to be replaced.

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October 27, 2017, 11:23:24 AM
 #879

The chances are zero. This will never happen, fiat will always be on top. After all governments control that.

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October 27, 2017, 11:27:49 AM
 #880

No way. Its never gonna do that. Do you see governments giving their fiat currency for crypto? Hell nah...

Bank of England develop seriously the crypto version of Pound.
But, I really do not know whether it will parallel currency to fiat Pound,
or crypto Pound will replace the existing Pound.

Anyway, if govern. do not want to give up fiat, they should do some kind of fiat airdrops,
like crypto do ...  Grin

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