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Ewinsane
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August 07, 2017, 08:28:48 AM |
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What are the chances of living in a world with no actual money ?  Nope, not possible. Even if fiat was impossibly removed from the country, another type of currency will rise which would be similar to fiat and value. The thing is, cryptocurrencies cannot replace fiat due to its nature being available online and half of the world's population does not have any access to the internet. This would then lead to financial crisis and imbalance among other developing counties since they are mandated to provide internet access across the country, which is not their priority. Bitcoins and other cryptocurrency may give an opportunity to these people to earn online but replacing it with fiat is absurd. Yes, I agree with your statement. Bitcoin and other cryptocurrency will surely not replace any of the fiat currency because they require access to the internet which is not affordable by everyone. Fiat currency are traditional currencies and just cannot be replaced by digital currencies in quick time. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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13abyknight
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August 07, 2017, 08:46:28 AM |
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This isn't even a possibility mainly because we should remember that all these so called cryptocurrencies (most of them) are decentralized meaning there is no power of authority within the system. With different types of governments in different countries, it just wouldn't be possible to go up against fiat which is a centralized currency and has been in the circulation ever since the beginning of modern trade.
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legendbtc
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August 07, 2017, 09:03:49 AM |
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What are the chances of living in a world with no actual money ? Nope, not possible. Even if fiat was impossibly removed from the country, another type of currency will rise which would be similar to fiat and value. The thing is, cryptocurrencies cannot replace fiat due to its nature being available online and half of the world's population does not have any access to the internet. This would then lead to financial crisis and imbalance among other developing counties since they are mandated to provide internet access across the country, which is not their priority. Bitcoins and other cryptocurrency may give an opportunity to these people to earn online but replacing it with fiat is absurd. Yes, I agree with your statement. Bitcoin and other cryptocurrency will surely not replace any of the fiat currency because they require access to the internet which is not affordable by everyone. Fiat currency are traditional currencies and just cannot be replaced by digital currencies in quick time. CryptoCurrency will not replace fiat currency because today Crypto's are popular only because with Fiat currency. yes, some people still, don't know about these cryptocurrencies because they don't have the proper internet facility. |
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Virman01
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August 07, 2017, 09:45:19 AM |
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What are the chances of living in a world with no actual money ? Nope, not possible. Even if fiat was impossibly removed from the country, another type of currency will rise which would be similar to fiat and value. The thing is, cryptocurrencies cannot replace fiat due to its nature being available online and half of the world's population does not have any access to the internet. This would then lead to financial crisis and imbalance among other developing counties since they are mandated to provide internet access across the country, which is not their priority. Bitcoins and other cryptocurrency may give an opportunity to these people to earn online but replacing it with fiat is absurd. Yes, I agree with your statement. Bitcoin and other cryptocurrency will surely not replace any of the fiat currency because they require access to the internet which is not affordable by everyone. Fiat currency are traditional currencies and just cannot be replaced by digital currencies in quick time. That is why many speak and question Bitcoin for entering the whole world, because I think there is nothing wrong with it, because Bitcoin does not disturb fiat currency directly, Bitcoin is only in the crypto market which is very important in the exchange of Bitcoin with real money |
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Cryptomillionaires
Jr. Member
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Activity: 36
Merit: 3
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August 07, 2017, 09:52:46 AM |
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Pretty sure China is working on a national crypto
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webmastax
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August 07, 2017, 11:22:32 AM |
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Real money can't disappear because there no offline cryptocurrencies. I can see them working side by side and completing each other.
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iram1011
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August 07, 2017, 11:29:52 AM
Last edit: August 07, 2017, 03:12:58 PM by iram1011 |
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Real money can't disappear because there no offline cryptocurrencies. I can see them working side by side and completing each other.
In future everyone will get online. So online currency is ultimate future of this world. But the reason that cryptocurrencies can't eradicate currency backed by central authority is because cryptocurrencies are decentralised and hence are very volatile. Volatile currency hinders the economic growth of a country. Only a stable currency can be used as national currency. |
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suvo05
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August 07, 2017, 11:41:42 AM |
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What are the chances of living in a world with no actual money ? cryptocurrency can never make real money disappear. Cryptocurrency has a good capability to replace some amount of real money but what about the offline mode of cryptocurrency? |
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TheRakula
Newbie
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Activity: 43
Merit: 0
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August 07, 2017, 12:17:09 PM |
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I don't think that crypto currency will make fiat disappear, at least nowadays because most people and governments still using fiat as main currencies. But in the future everything is possible.
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smileee
Member
Offline
Activity: 84
Merit: 10
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August 07, 2017, 12:32:46 PM |
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What are the chances of living in a world with no actual money ? Can not. Because every day transaction requires money. Crytocurrency can be better than real money when used for trading through the internet, trading the whole world. But life will be very difficult if the money really disappears. |
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A.H.Rassel
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August 07, 2017, 12:36:54 PM |
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When the Bitcoin wind up plainly well known in everywhere throughout the globe we will never again require the genuine cash or money when we can utilize Bitcoin to purchase everything except for as today we can't utilize Bitcoin in any store so we utilize genuine cash so perhaps 4/5 years after now the bitcoin will be prominent in everywhere throughout the world.
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Osarman
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August 07, 2017, 03:34:23 PM |
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What are the chances of living in a world with no actual money ? Will not be a high rate. It is still very difficult for us to switch to paying all by online trading. Because the payment of money will usually be much more convenient. For example housewives!  Yes, and also it requires some time for confirmation. If the person you are paying to, trust you then he can leave you without confirmations, but if you are making the payment on a new place then you might need to wait until the transaction is processed. For instant confirmation you would require to pay high fees , and gradually it would make hard to purchase the commodity for a high price then regular price. |
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guoyu78
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August 07, 2017, 06:15:22 PM |
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What are the chances of living in a world with no actual money ? 0 % . Let online currencies become very famous no country will give up its currency . And having just Bitcoin won't work according to the current scenario . The prices of Bitcoin fluctuate alot . So prices of items can't keep changing accordingly . That is why every country has its own currency Yes, the price for bitcoin will be the main issue for exchanging it worth fiat. National currencies are centralized and have a specific value at least in a particular country, but bitcoin is a decentralized currency so it has no limits upon its price limitations and it makes it impossible to replace bitcoin with fiat currencies. |
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marcbitcoins
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August 19, 2017, 05:50:44 AM |
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When the Bitcoin wind up plainly well known in everywhere throughout the globe we will never again require the genuine cash or money when we can utilize Bitcoin to purchase everything except for as today we can't utilize Bitcoin in any store so we utilize genuine cash so perhaps 4/5 years after now the bitcoin will be prominent in everywhere throughout the world.
Paper money will not disappear because not all people are using cryptocurrency specially the poor people in the whole world with no education they dont know how to use computer and digital transactions. So how they gonna buy foods for that? Maybe in rich country like Japan but the govertment need to declare it mandatory to replace current currency. |
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Carlsen
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August 19, 2017, 05:54:38 AM |
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No national money will ever be replaced by a cryptocurrnecy.
A government can not influence the cryptocurrency the way it is possible with the local fiat.
But this is necessary in order to give the economy support to be competitive on the global market.
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Pinkris128
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August 19, 2017, 06:26:23 AM |
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What are the chances of living in a world with no actual money ? 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. Well i think it wont happen that cryptpcurrency can make fiat disappear because there still advantages of fiat that cryptocurrency can do. But This cryptocurrency will help us to save more fiat we just need to convert it in order for us to used it anywhere. |
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xiboothrezi
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August 19, 2017, 06:50:06 AM |
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The Bitcoin network is able to process more transactions every second than today. This condition, however, is not fully prepared to handle the transaction amount of credit card networks. Since its inception, every aspect of the Bitcoin network is proceeding to grow in terms of maturity, optimization and specialization and this condition is expected to continue in the next few years.
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fathur.aza
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August 19, 2017, 07:39:10 AM |
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I think the real money will never be lost until whenever, now it's the trivial kriptourrency offline and I do not see that it ever existed. They complement each other.
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MonaLeeTracy
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August 19, 2017, 07:41:32 AM |
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Cryptocurrency and real money are very different. Although both have kesaamaan in function. Now it's a lot more people facilitated by the existence of bitcoin or other coin. But to replace my taste will not be
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Francis Freeman
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August 19, 2017, 07:52:47 AM |
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First, there is no real money. Money is just a convention invented to regulate commercial transactions. Bitcoin, USD, EUR, etc. they all have conventional value, given to them by the market.
Besides that, if you by the expression "real money" mean cash money (banknotes and physical coins) well, it is already disappearing inch by inch. Cashless transactions are over 90% of all the money that flows in the world.
Instead if you by the expression "real money" mean fiat money, I don't think Bitcoin and other cryptcoins as well will be able to replace it. At least, not in a few years...
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