Can cryptocurrency make real money disappear?

[Ebihsu]

I  don't think that this is possible because not all people have access to internet, and not all of peoples around the world know about it, So it take too long to be shared for all peoples around the globe. So my answer is definitely not. Virtualy money can't make real money disappear.

[KelvinSF]

yea i think cryptocurrency has the capability to make real money disappear, looking forward in the future when the government will have no other choice but to embrace and introduce cryptocurency into their economic system for growth i wounder what will happen to the real cash transaction at the banking system, meanwhile its will be the big step to eradicate poverty globally.

[Nivir]

I consider crypto currencies especially bitcoin as real money already since they are being used online. And yes cryptocurrencies are the future. I am not saying it will completely eliminate fiat but it will overtake and dominate it soon.

[mkcube]

No,i think it is impossible that crypto make real money disappear.Real money is one of the most important in the government.And it is used as a medium of exchange.While crpyto can work hand in hand.Crypto is used in internet.Maybe the real money will exist and also the btc in the long run.

[NATALIEE0603]

It is not easy when bitcoin can completely replace paper money. Bitcoin is seen as a new development of electronic money in the 4.0 technology era. It has quite a number of advantages. But not so bitcoin can completely replace the current currency types in a short time.

[CoinChili]

possibility, Yes, when? If a certain location already has their capabilities online and if crypto currencies were already developed perfectly, crypto could process a transaction in an instant. First people of this world doesn't fiats in the first place

[AGNESESS9976]

This may be a future assumption as the technological age is growing, and electronic coins are completely replaced by paper money. However, until now or in the near future, this is unlikely. Because we will need a lot of time and effort to be able to replace all paper money with electronic money.

[breadhy]

For me, in this generation, it is really not gonna happen that money will not be used anymore. Since all of the people are still relying on real money.  Whenever a person is employed, he/she will be compensated with real money. And that only there are only few countries who's accepting bitcoin as a payment. Though it is still possible, but maybe not in the near future.

Right, now, Bitcoin completely replaces banknotes. This is almost impossible. For every country in the world, they cannot give up their own legal currency and instead support the cryptocurrency. If there is this trend, I think bitcoin death is the ultimate result.

[CoinChili]

This may be a future assumption as the technological age is growing, and electronic coins are completely replaced by paper money. However, until now or in the near future, this is unlikely. Because we will need a lot of time and effort to be able to replace all paper money with electronic money.

Its Already on the process long time ago, when you do deposits and see your fiats unto online transactions it is already converted to a series of digital information. when a certain crypto could process a transaction in a snap. Think twice

[jerowacik]

I think personally that cryptocurrencies won’t make real money useless, but I think that cryptocurrencies will work with real money. There will be a prevalence of crypto currency.

[VIC-btcforum]

The question is if it can make the banking system dissapear

[oracleongoodbye]

No. I think its highly unlikely that this will happen in the near future because of the instability of many cryptocurrencies  . So let's say that you have 1btc which is worth $1000 (assume it is $1k for this example) , if bitcoin's price goes down by 20% the next morning you wake up then now your 1btc is worth $800. I don't think that anyone wants this to happen to them so I don't believe that people will start using it as a mainstream currency , even though I would have been happy if that happens but its really unlikely unless cryptos becomes stable like Tether.

[taylor2214]

I don't think that digital money can remove the real money in our world  but I think that cryptocurrencies will work with real money.

[Kunle1christ2]

Although it can contribute to the reductions in the use of fiat.However,cryptocurrency can not completely stopped the use of fiat. It would be as that of the case of credit card and cash. Credit card did not completely stop the use of cash even in 1st world countries. 

[congtuan001122asd]

I think bitcoin can not make real money disappear. Although bitcoin has many benefits, it’s value is unstable and real money is more common than bitcoin.

[mackenzie5]

The highest market value among crypt o currency is bitcoin and ethereum 260 billion and 70 billion usd respectively. There are so many alt coins are available in the market which are all widely popular in the market . In future there is much possibilities to utilize the crypt o currency for the world community to their day to day requirements and it can use in the place of real money.

[kukuli]

i think it depands on how to favorable the authentic maintenance, if you aspire the paper money that can be touched by people, it will surely disappear and not in the distance, few people use papre maintenance in China now, but if you plan the money that published by the incline of view, i think it will not disappear for the energy period and maybe thousands of years.

[frank2018]

I think as our technology continues to develop, more and more cryptocurrencies emerges. However, even if cryptos continue to diverse, it will never erase the fact that they are still decentralized. If some time the government will legalize usage of cryptos in most of transactios, then there I can conclude the possibility of paperless (money bills) transactions.

[Zagitta]

No, the world governments would never let that happen. Why would they allow something they don't have control over to replace something they have control over? Cryptocurrencies are just a decentralized option to the real money.

[jump4ever]

It seems to me that no. Real money is too entrenched in society. Many operations are paid for by real money.