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Author Topic: Can cryptocurrency make real money disappear?  (Read 28795 times)
bob123
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October 25, 2017, 11:33:02 AM
 #801

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.

Actually i think there is a pretty high chance for cash money to disappear and cryptocurrency taking its place.
This probably won't happen in the next 3-4 years. But i think in 5 years from now we won't pay with cash.. rather with credit cards.
And the timeframe in which those credit cards get replaced by cryptocurrency can't be told for sure.
But russia is going the first step introducing CryptoRubel.

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October 25, 2017, 11:45:18 AM
 #802

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

The chances are small but there is a possibility, the world niw are going for high technology system and bitcoin will fit on that, online transaction and other things online, bitcoin can do all that but fiat system will never be gone as long as there is some bank system that will oppise on bitcoin. But this is all my opinion..

In my own opinion i do not think that cryptocurrency will really take over the fiat, We are talking about the entire world and different countries will not agree in that integration. Not every country has a very high currency and their current currency might lost its value if bitcoins will be implemented as the international currency.
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October 25, 2017, 12:11:49 PM
 #803

Cryptocurrency cannot make real money disappear right now, but in the future it could disappear if everyone switches over to using cryptocurrencies!

Yes it seems so, for now bitcoin can not shift real money because many countries are banned bitcoin, but I'm sure one day will be a lot of real money that disappear and switch to using cryptocurrency.



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kucritt
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October 25, 2017, 12:14:53 PM
 #804

no i think all cryptocurrency can't change money for daily, but maybe if cryptocurrencies is shaped into a visa card or another card maybe crpytocurrencies can make credit card user decrease and maybe someday all people dont use real money again

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October 25, 2017, 12:19:15 PM
 #805

I think it is more than possible that cash will disappear. Will use only electronic transactions. However money will exist.
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October 25, 2017, 12:20:09 PM
 #806

I don't think it will ever replace fiat currencies but it can be a very good alternative.
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October 25, 2017, 12:26:59 PM
 #807

Cryptocurrency cannot make real money disappear right now, but in the future it could disappear if everyone switches over to using cryptocurrencies!

Yes it seems so, for now bitcoin can not shift real money because many countries are banned bitcoin, but I'm sure one day will be a lot of real money that disappear and switch to using cryptocurrency.
In short, the governments of countries around the world will not allow a virtual currency to replace their money, they can not control and this will lead to social evils such as money laundering or illegal activities. However, I think in the future, real money will also gradually disappear because the trend of the future is virtual currency, countries around the world will rely on the current technology to develop their own virtual currency, they can easily control and manage their money, and we will need to wait a long time to see this come true

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October 25, 2017, 12:31:00 PM
 #808

No.Real money will never disappear for the simple fact that there is no offline cryptocurrency, real money is much in need in any country no matter how advanced the technology is.
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October 25, 2017, 12:33:15 PM
 #809

What are the chances of living in a world with no actual money ?  Shocked
Zero in my opinion.
Eventually, Crypto & FIAT will live together. We can never move away 100% from FIAT

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October 25, 2017, 12:35:42 PM
 #810

I think cryptocurrencies will be very strong as a payment method in future. But it cannot replace real money by now. Today many countries thinking of replace real money by plastic money. In my opinion this a wrong way, because we are very dependent on bank institutions then. Maybe cryptocurrency can fill this role as a decentralized payment method.
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October 25, 2017, 12:46:20 PM
 #811

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.

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October 25, 2017, 12:48:46 PM
 #812

Cryptocurrency is gaining popularity elsewhere.But I don't think it is possible ever to make real money disappear.I think they will coexist.
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October 25, 2017, 01:04:23 PM
 #813

What are the chances of living in a world with no actual money ?  Shocked
Well I don't thinks so that day will come.  That real money will disappear, but yes this mat be possible that Fiat money and cryptocurreny will go hand in hand.  There are possibilities that  developed countries will depend more on bitcoin money and crypto currencies. but Fiat money  is not going anywhere.  Atheist till next fifty years.  Still Fiat money will be used in underdeveloped and developing countries.   There are different possibilities that may be se regulating body will form to control or to keep a check on virtual money and may be the concept of real money will be still prevalent.  I think both forms of money will go together and use equally.
Kmrherradura05
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October 25, 2017, 01:20:08 PM
 #814

No. In my opinion FIAT can never be replaced by cryptocurrencies
Not everyone knows how the cryptocurrencies work and it only works when you have an internet connection
but how about the others who do not know it. And FIAT
is the blood of may organizations as well as the government. I can see that
cryptocurrencies can be accepted by the government
but  it cannot be replaced the FIAT.

miss.M
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October 25, 2017, 01:26:52 PM
 #815

i can't imagine that it would happen someday, you know, because it is impossible because not all people are aware on bitcoin and know how to use it. not everyone can afford to buy gadget or invest on bitcoin to have it. we need to be aware for the abilities of individual that can use or transact bitcoin.

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October 25, 2017, 01:43:29 PM
 #816

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

I doubt it'll come to a point that fiat is useless. Not everyone will be embracing bitcoins or any other cryptocurrency for that matter as a direct replacement for fiats. We have debit and master cards for that. Fiat rules the physical world of currency and bitcoins and cryptocurrency rules the digital world. They can coexist but never overpower the other.

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October 25, 2017, 01:48:58 PM
 #817

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
 #818

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
 #819

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
 #820

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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