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Author Topic: Can cryptocurrency make real money disappear?  (Read 28303 times)
Ronggosawi
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November 11, 2017, 04:00:46 PM
 #961

In the future, very possible to happen real money eliminated by digital currency. But for next few decades, real money continues to be used even though it has now been widely used card system by cashless society.
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November 11, 2017, 04:03:04 PM
 #962

What are the chances of living in a world with no actual money ?  Shocked
Cryptocurrency is more good than real money or fiat because the value of cyrpto is increaisng but not totally increasing becauase it is decreasing becauase crypto is volatile so  i called this risky! I think no one can replace fiat money.

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November 11, 2017, 04:05:35 PM
 #963

Things may change and one day maybe there won't be any fiat in this world. But that is going to take a lot of time span. By that time, crypto currencies would be totally different from what they are now.
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November 11, 2017, 04:14:22 PM
 #964

I believe that this cryptocurrency will be rise and defeat the real money/fiat .. Because of its demand and easily to access , as a crypto user I realize that this is the most easiest way to earn money rather than the real work in world ..  No one can control the rising of the value of bitcpin even though sometimes its dumping but in the end it will never end
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November 11, 2017, 04:23:36 PM
 #965

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

The probability that we will live in a world where everyone are using cryptocurrency increases as years passed by. I think, when the time comes that our world would be completely dependent to new technologies - those sci fi cities - then will most likely to adapt cryptocurrency and will stop using fiat. This is because it is more efficient and not bounded into any governing body.

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November 11, 2017, 04:36:26 PM
 #966

I think it's difficult to become true in near future because not all people in the world can believe a new one like the virtual cash.
However, It's a possible case which both of them will develop equally. Because a lot of cryptocurrencies have been proving their position in the field of finance.
Trustly, I believe that really useful cryptocurrencies will get acceptation from  all people in the world soon.  Wink
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November 11, 2017, 04:44:03 PM
 #967

It will never happen as crypto currencies are not a payment option everywhere but real money can be used for every thing. Crypto currencies have limitations as every country have its own rules and banned in some countries but real currency of every country is useable / changeable every where.

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November 11, 2017, 04:46:22 PM
 #968

Cryptocurrency can not make real money disappear maybe more precisely cryptocurency is a new innovation in finance and has a very large power

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November 11, 2017, 05:02:41 PM
 #969

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

Right now, I don't think bitcoin and cryptocurrency itself is powerful enough to replace fiat in the market. But then who knows what will happen the future. Maybe when we are already living in the world with those modern and advance techs, we might use cryptocurrency more instead of fiat. Give it until this century of preparing ends and 2100 sounds a good time where crypto will finally overpower fiat in the market.

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November 11, 2017, 05:02:57 PM
 #970

i have been thinking of this as soon as, i start to understand bitcoin and its benefits and features. i imagine a world with people cashless and cardless paying their bills with cryptocurrency. its like doing all things in a tap of your finger tips. its simple, cause if youre on other country you dont worry about the value of your money, fear of thieves, and free from huge amount of taxes. well, a world with one currency-Bitcoin is maybe effective. in my opinion!

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November 11, 2017, 05:08:59 PM
 #971

It could and I believe it would not because when it does government of each country would come up a solution to how they could control it like how they do in real money. This would affect a lot of cryptocurrency economy and thus would make it in the state where our real money is in to. Problems such as earning money without job would be a problem again due to the reasons of government laws and taxes implemented on the cryptocurrency. Government would only need time if ever to put our life at cryptocurrency same as to our life in using real money. Greedy laws and legal approach in stealing would be its main objective above else.

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November 12, 2017, 11:01:51 AM
 #972

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

I bet it's low. Because one can never easily replace money with bitcoins. Some factors like the supply, value, and distribution is the issue.

The supply of bitcoins is rather small because mining them today only gives out so little bitcoins that the electricity bill is much more costly than the actual bitcoin you get. Overall supply of bitcoins around the world is too little for mass distribution where as to fiat money, every country has their own supplies.

The value of bitcions are fluctuating. Imagine a store selling eggs at 0.000045 BTC today and then tomorrow it'll cost around 0.000090. Bitcoins are so volatile that spending it on regular items will mean that regular items will change prices from time to time too.

The distribution of bitcoins around the world wpuld be a supply and demand problem. One country may have a lot and some may have nothing at all. Bitcoins will be having a hard time going global at this point.

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November 12, 2017, 11:28:08 AM
 #973

Cryptocurrency can not make real money disappear maybe more precisely cryptocurency is a new innovation in finance and has a very large power
- Agreed, it will not make real money disappear, cryptocurrency is only a new payment method in the future, people will use cryptocurrency to transactions become more convenient, we can send money and receive money everywhere in the world with cryptocurrency. But it just stopped at that level, it will not affect the real money, people still need real money, it is accepted everywhere and very popular, using real money has become the habit of many people around the world, they can not give up this habit, even when cryptocurrency grows stronger and more popular, they are still not too trusting it, they only believe in real money, cryptocurrency still many restrictions

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November 12, 2017, 11:40:48 AM
 #974

It is because I can increase the actual money.
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November 12, 2017, 12:48:06 PM
 #975

Not in the next 20 years, especially with countries that aren't very advanced with technology.

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November 12, 2017, 03:53:37 PM
 #976

for me Sweden does not have cash money since two or three years now, but for all the money to be replaced with crypto-currency, this is something that governments should impose.
Wow this is really the good news because in a lot of the bcountries the bitcoin is being use and the cash is not having very much high value so I think it can be happen with the bitcoin as well so I wish in my country as well the bitcoin get the high value and the money will be use as the real currency the more bitcoin get value the more price will be high and it is the reason the bitcoin will be the worlds most popular currency
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November 12, 2017, 03:57:46 PM
 #977

What are the chances of living in a world with no actual money ?  Shocked
I think there is a possibility that all cryptocurrency will replace actual money. However, if they want it to be happen I think there are of procedure need to be done and I think cryptocurrency will can be used as real money but they it never replace the actual money.

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November 12, 2017, 04:01:06 PM
 #978

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

Low. I think personally that cryptocurrencies wont make FIAT useless, but I think that cryptocurrencies will work hand-in-hand with FIAT money. Especially in countries like the United States, and the other first-world countries; I don't see FIAT going anywhere soon.

It will take time but I think there might be a gradual phase out. Some people said in 5 years we will see lots of changes.

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November 12, 2017, 04:16:32 PM
 #979

Cryptocurrency can not make real money disappear maybe more precisely cryptocurency is a new innovation in finance and has a very large power
- Agreed, it will not make real money disappear, cryptocurrency is only a new payment method in the future, people will use cryptocurrency to transactions become more convenient, we can send money and receive money everywhere in the world with cryptocurrency. But it just stopped at that level, it will not affect the real money, people still need real money, it is accepted everywhere and very popular, using real money has become the habit of many people around the world, they can not give up this habit, even when cryptocurrency grows stronger and more popular, they are still not too trusting it, they only believe in real money, cryptocurrency still many restrictions
Let say that money it cannot dissappear and make it to cryptocurrency, because money is dependent and issued by government, and when it comes in government we need to obey their laws, while cryptocurrency is independent by government.

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syamster
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November 12, 2017, 06:49:57 PM
 #980


Yes, I think canceling real money and replacing them with crypto currency is quite feasible. Only this will not happen soon. A minimum of 5-10 years will be required. Some currencies will coexist with crypto-currencies, there will be several ways of paying labor and services.
According to this will not happened I mean that cryptos will not make real money disappear because real money has own value in society and real life, no one will ever live and having fun without real money and cryptos can only useful for online shopping etc because there real money can help only cryptos will.
If you are talking about other crypto so then there is no chance to do it but if you are talking about bitcoin then I will say yes its possible for bitcoin to make it possible because I know that bitcoin is the only crypto which can do anything as bitcoin replaced other crypto from market so there is no doubt that bitcoin can replace money.

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