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Author Topic: Can cryptocurrency make real money disappear?  (Read 28830 times)
Wittycoin
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February 27, 2018, 03:44:59 AM
 #1601

What are the chances of living in a world with no actual money ?  Shocked
For now, there is no chances, cryptcurrency is a decentralized currency and some government ban it, also government always backs fiat money and so as long as government are with cash, cash will not disappear.
dogz12
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February 27, 2018, 03:49:47 AM
 #1602

What are the chances of living in a world with no actual money ?  Shocked
If only all other countries around the world is as advanced as Japan and as progressive as the USA then chances are great. But sadly, a lot of these countries belong to the third world category. Poor people have a hard time accessing the internet thus chances are very much slim.
dvsrydin
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February 27, 2018, 03:51:16 AM
 #1603

Short term (3-5 years) I see crypto working hand in hand with fiat.  It would be great for crypto to take over the transfer of money between parties (payments for coffee, sending to friends, bill payments, etc.).  Can't wait for VISA and MasterCard to suck it
Sar elok
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February 27, 2018, 03:57:51 AM
 #1604

It is not. Money will still be used in conventional cryptocurrency been legalised although State. Cryptocurrency is simply a conventional money supporting
sebinator
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February 27, 2018, 08:42:55 AM
 #1605

Developing technology and internet deployments exist every day that will be needed again to use paper, it's all happening virtually, like credit cards for example, who thinks we've used a magnetic card just for the bill payment for the goods or services? Nobody.
giogio0504
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February 27, 2018, 09:01:28 AM
 #1606

It is not. Money will still be used in conventional cryptocurrency been legalised although State. Cryptocurrency is simply a conventional money supporting

Yes but things might change, and countries might decide to use crypto currency instead of money, so never say never.
gorodi
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February 27, 2018, 10:43:29 AM
 #1607

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

No, my friend, it will not happen ever. Bitcoins and other alternative cryptocurrency are great for many things, but we must admit that fiat money is more convenient in most cases, especially when you do not have an access to the Internet.
santieevanz
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February 27, 2018, 11:03:06 AM
 #1608

What are the chances of living in a world with no actual money ?  Shocked
If all other countries trusted and accepted already crypto currencies, which made the fiat disappeared or vanished. However, before it happened it will take a long time and long process. I know that this is not a simple thing to do because currently, banning of bitcoins happened in other countries because they said that it can be used for crimes, it will ruin the economy of certain countries and etc. I know that most of them are just afraid but we have to accept their decisions.

Karakyli
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February 27, 2018, 11:23:38 AM
 #1609

Expansion of the money supply due to the crypto currency, if they become widespread, can lead to unpredictable consequences in the money market. And they will become widespread, because they have a competitive priority over (official) money.
However, the risks of using bitcoin as the main asset far outweigh its potential benefits
Marry Finch
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February 27, 2018, 11:32:46 AM
 #1610

As a result of competitive displacement of legitimate currencies by crypto-currencies, the state will lose its sovereign right (monopoly) for money issue. States and governments I think this will not go.
spiritguardcharles
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February 27, 2018, 12:34:06 PM
 #1611

There are lot of things that must be consider before cryptocurrency replace the fiat currency as for the medium of exchange in the real world .Furthermore,cryptocurrency could'nt fill the gaps and hole in which fiat currency left out such as it's accessibility for those indigineous people or let's say people who's technologically challenge and does'nt even have a knowledge about cryptocurrency.Also if real money disappear,what will happen to those people? specially if they do not have any capabilities to understand such thing.

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chikading2016
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February 27, 2018, 12:52:15 PM
 #1612

Their is a big possibility that crytocurrency can disappear or eliminate the real money. But that can be done by many years because mostly people now is using real money. But for me this is a best. Because we are now in a new era if this scenario will happen it will be great.

zelenkova
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February 27, 2018, 12:57:33 PM
 #1613

I do not think that she will disappear just like that. As long as there is a turnover and people participate in it and at once more and more, only the higher authorities can change the situation, but not the people.
chrsjrcj
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February 27, 2018, 01:43:25 PM
 #1614

This depends on government policy, as long as the government can control the economy then the government will maintain the bank and this can certainly guarantee that the bank will continue to survive.
conected
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February 27, 2018, 03:18:44 PM
 #1615

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

No, my friend, it will not happen ever. Bitcoins and other alternative cryptocurrency are great for many things, but we must admit that fiat money is more convenient in most cases, especially when you do not have an access to the Internet.
- Agreed, the convenience of real money is something that we are forced to admit, it does not discriminate rich and poor, everyone can use it easily and does not need internet connection, value is almost not changed too much over time. These are the points where cryptocurrency can not be achieved, cryptocurrency needs too many trouble connections, the government is also difficult to control completely, so if the government let it eliminate real money, that would not be a wise idea, criminals will increase sharply


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Valdoora
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February 27, 2018, 03:32:18 PM
 #1616

It will not happen, fiat never be disappear simply because popularity of cryptocurrency. Precisely presence of crypto in daily life will further facilitate financial transactions. And isn't crypto not all countries accept its existence.
supercost
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February 27, 2018, 03:47:02 PM
 #1617

50 years ago they said that the TV will never become obsolete. There was Internet and TV is not enough for anyone.
riskarcher
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February 27, 2018, 03:59:22 PM
 #1618

It will not happen, fiat never be disappear simply because popularity of cryptocurrency. Precisely presence of crypto in daily life will further facilitate financial transactions. And isn't crypto not all countries accept its existence.
especially crypto currency is only used as an asset, not a currency for transactions whose technology is only used in the digital world but not in the real world. just imagine if the internet is not active, is that happens everybody in this world can not transact within a certain time and thats not flexibel for this era

loraalbert
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February 27, 2018, 04:07:50 PM
 #1619

I think this is not feasible in the near future. cryptocurrency is always a decentralized source, even if there is a full exploitation of the coin. Does it have enough to provide the community to replace fiat. In addition, cryptocurrency always has certain conflicts and definitions with the government. This is contradictory and can not be replaced fiat.
salim310
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February 27, 2018, 04:14:55 PM
 #1620

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