Can cryptocurrency make real money disappear?

[kimpena]

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

For now it may be low, cause there are still people who cannot adapt with the change or evolution of our technology. Specially the old people, who are not interested with our modern technology because they libed their life before without these high technologies. But maybe, in the near future, there will be a big chance for a world with no actual money, because technology keeps on growing itself. And so the people too are growing, people who had lived their lives in a world with no technology may left this world, and will be replaced by new generation of people which will have a chance to have a higher technology on what we have now. People then, will be no choice to adapt the growing/evolving technology, in which there will be no actual money.

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[radjie]

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

I think between crypto money and fiat money is very closely related, crypto money will be unstable without fiat money, because currently there is not much that can be done with crypto money, especially in terms of offline transactions, still we have to change crypto into money fiat first, then it can be used.

[Phyton76]

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

I think it would be a little hard to make the real money disappear due to cryptocurrency.Well, fiat money is given out by financial institutions that are big in size and are backed by the government. They make their earnings by charging fees for transactions and they will do everything to stay competitive. So I don't think that fiat money will be gone completely in the near future.

[Fatanut]

Back then we used to talk to each other by meeting up with them in a specified location. For long distance communication, we write letters to them and it takes a month or so before they can receive it. Today, do we even talk to each other at all. We meetup in group chats and even when people are together, they are still using their phone to talk to other people. It's like talking is done electronically at most times and I think the same thing can be done with sending and receiving money.

Before, we also had to meetup so we can hand over our cash to the person we are having a deal with. But today, you can send your money through the Internet by using online banking. Cryptocurrencies are better than banking and the reasons are endless (and is common knowledge so there's no need to talk about it in this post). Cryptocurrencies will not make real money just disappear out of thin air but rather it can deplete the power of real money until the time comes when no one is using it anymore. I don't really have an idea when it's going to happen but for sure it's going to happen. Things that can be done better and easier through the use of the technology eventually gets replaced like sending mails and talking to people. How is sending/receiving money any different.

[blackr15]

it is clear in front of my eyes. with real cryptocurrency can make real money.

because there is already an example my brother can often result from cryptocurrency because he works here because I am now following my brother's work ..

[Omega Weapon]

I don't think cryptocurrency can completely replacing the the FIAT. FIAT is controlled by government and i don't think government will allowed that and also the risk of the cryptocurrency like your crypto can be gone due to hacking or system issues. There is so much unknown and risk behind it. So i don't think it is possible.

Correct, governments are never going to let their fiat disappear they depend heavily on printing their own currency and if they did not had that power governments will need to be way smaller, so we are currently in a very interesting moment in the history of the world if bitcoin is defeated then we are going to be headed for a world that is completely centralized with all powerful governments but if bitcoin wins then we are going to see governments that are going to be very small.

[yen10]

No, I don't think so. Although bitcoin and other crytocurrency are now gaining popularity and increases its value everyday, it will never be enough to replace actual money. Cryptocurrency are made to reinforce currency and to introduce alternative form of currency. Also, not all people understand the crypto world and some countries even ban the use of it, so it will be impossible to eliminate actual real money totally. It can decrease the value of real money, but it will never make it disappear.

[cryptoblue77]

I do not think that cryptocurrency will replace real currency. The demand of cryptocurrency wil increase many-fold in future.

[tmawheba]

Why cryptocurrency make real money disappear its concept is online only and make people use currency in digital format to be more easy for their life. Real money for sure exist for ever along with cryptocurrency both will not disappear. Both cryptocurrency and real money has its own value according to their usage places where technology cannot reach out.

[bololord]

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

I don't think so because fiat money /real money is profitable than cryptocurrency we all know that tha value of bitcoinis much better than real money but real money is usable tyan crypto for now but i think in the futute maybe the bitcoin make dissappear the real money.

[pushups44]

"Real money" is subject to change over time, or at least how people commonly define it. Some people argue that the only real money is gold and silver. I see a future in which cryptocurrencies and fiat currencies function side by side and become interchangeable. Possibly there will be a role for both in the future.

[Cacingkemi]

Why cryptocurrency make real money disappear its concept is online only and make people use currency in digital format to be more easy for their life. Real money for sure exist for ever along with cryptocurrency both will not disappear. Both cryptocurrency and real money has its own value according to their usage places where technology cannot reach out.

The original money can not go away,as what you say is true the creation of crypto was created to fill the internet and give the original money side by side on the internet in order to make it easier for the people who will spend.But still the original money will not be separated from this because it's existence is very important with advances in the world economy,today digital money is needed because it's a smart age.

[pikebu]

I don't think that bitcoin is a currency but it is an digital asset, it won't happen due to A currency, to be classified as such, needs to have two fundamental characteristics: The first is to associate itself with the idea of store of value, then, on that currency there must be a right to credit. When a central bank creates a currency, it creates a liability on its balance sheet that has to be paid. If, one day, everyone was to hand that currency over to their banks, than the central bank would have to pay, and the liability would be eliminated.

[mayidid]

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.

[mahibul49]

definately not.bitcoin and fiat is both different.
general people wont use bitcoin properly like fiat.

[sucix]

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

There no chance to live without fiat money. I think better virtual and fiat money live together.

[magz]

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

Well, fiat money is given out by financial institutions that are big in size and are backed by the government. They make their earnings by charging fees for transactions and they will do everything to stay competitive. So I don't think that fiat money will be gone completely in the near future.

I believe this so. Government won't permit to happen that paper money will be gone and the replacement is such that they cannot control. I know how difficult for us that our money is depreciating in value and we are longing to change this. Though it is not impossible, but I guess it won't happen soon I think.

[Transformbitz]

I believe in technology and yes it will! because central banks are implementing their own token. but it takes years to be implement but for now we need to enjoy fiat money value.

[sucix]

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

No chance. Fiat money is very important. I think both will survive.

[cjinny]

Of course very small if life without real money, because at this time real money is very important circulation. I see the circulation of real money is still very massive in developing countries and still difficult to apply digital money.