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Author Topic: transition FIAT to DIGITAL?  (Read 1486 times)
salterious
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March 12, 2018, 04:10:12 PM
 #101

You make it sound like this isn't something we haven't been doing for the last 50 or 60 years. Ever since the inception of credit cards our money was digital right then and there, it didn't change when Bitcoin came along. The only thing that changed is peoples understanding of money, and if they realize enough you would see we are already in a digital ledger cash system. Bitcoin is much more than just digital cash, digital cash is just the surface of what Bitcoin is all about.

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11adamsBTC
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March 15, 2018, 02:59:15 PM
 #102

Simply just as people gets adapted to changes they will adapt to it LOL
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March 16, 2018, 02:52:51 PM
 #103

Many people would oppose the transition especially antibtc peoples but still it should be enforced not wiping the fiats but alongside wit
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March 16, 2018, 03:13:41 PM
 #104

Can it really take place?  That we would start having money based on the internet as digital currency....this will be 8 wonders of the world.

The traditional means which is physical financial transactions will always be there because money is a very sensitive aspect of humanity. For digital currency,  any mistake made in terms of codes or other errors as we know it, huge some of money is gone  Roll Eyes and this is not so with fiat.  For fiat, you can even revisit a neighbor to complain of shortage of payment, refund and etc about previous financial transactions.

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March 16, 2018, 03:44:11 PM
 #105

how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN? Huh

They won't have to adapt because that won't happen. Governments won't allow such situation to happen because they are actually holding the control and not the common people which are holding the decentralized currency. As much as I would like for the Bitcoin to be implemented as a currency within all countries I  know that this situation won't come to the light.
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There are too many people which don't even know how to manage the physical money; how would they in this matter manage the digital?

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March 17, 2018, 03:32:32 PM
 #106

Its better that they dont adapt from, fiats to digital or else they may sink to hell
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March 17, 2018, 03:50:54 PM
 #107

I recently wrote something on this topic. Please forgive me (and let me know) if it was a breach of protocol to share it here: https://medium.com/@WilliamFreedman/poor-misunderstood-bis-needs-a-hug-28c92a5de99d
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March 17, 2018, 04:49:39 PM
 #108

Change is inevitable and a constant in life.People who have seen the benefits of
decentralized platforms of running digital currencies and the profits thereof would
not feel any reluctance embracing the change whole-heartedly.The investments and the
profits made from crypto currency is encouraging enough to move from fiat to crypto currency.
Bitcoin is already in California stock market exchange.This shows that the elites have also
embraced digital currency and want to control it to their advantage.What any investor need to
do now is to position himself/herself so as to maximize profit from the trend of digital block chain
backed  activities.
 

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vergel24official
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March 18, 2018, 01:48:15 AM
 #109

Fiat money is forever because I cannot imagine days without fiat money. Digital currency will be a secondary source of money.
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March 18, 2018, 02:06:22 AM
 #110

Simply just as people gets adapted to changes they will adapt to it LOL


So short, yet has an enormous meaning.
Bitcoin is very new to everyone. It just existed a few years ago. COmpared to fiat that has been used for many many years ago, this kind of currency is very unusual. But technology is so powerful now. Thus, bitcoin existed. Bitcoin has been created with  the help of technology. So I believe that, as people embraced technology, they will be able to embrace bitcoin as well.


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traderethereum
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March 18, 2018, 05:56:45 AM
 #111

how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN? Huh

people will adapt change from fiat currency to digital currency but not in this year because there is a lot of work that needs to solve and the government is not yet accepting digital currency and they don't think that digital currency will bring a better life. it is difficult for people to use digital currency in their life because there are only a few stores offline that accepting digital currency and I think maybe it will happen in the next years.

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March 18, 2018, 07:05:29 AM
 #112

This changes of the modern day to day is part of the future, transition of Fiat money to digital currency would be reality in the future to come because our technology today is fast rising to advance changes in which people around the world would adopt even if they would not like it.

redshiftexpensive
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March 18, 2018, 05:10:12 PM
 #113

Ridiculous to hear but a time will come when beggars will beg for btcs not fiats any more Smiley That marks the transition Smiley
qwertyup23
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March 18, 2018, 05:15:18 PM
 #114

how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN? Huh

Adapting a currency from fiat to a digitalised format would require some time as different countries would be needed to adjust into this system, considering that developed and developing countries have their own technological advancements. Countries who are on the underdeveloped side are on a disadvantage, as they would require a system wherein people would have access to internet and a form of gadget that would allow them to transact digitally. Compared to countries who are on the developed side, their current state would allow such implementation.

Though it may be ideal, I do not see its implementation in the near future as countries would be needed to adapt into this mechanism. Considering also the economic discrepancies present, I doubt that they would prioritize such currency digitally.
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March 20, 2018, 05:48:42 AM
 #115

how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN? Huh

They won't have to adapt because that won't happen. Governments won't allow such situation to happen because they are actually holding the control and not the common people which are holding the decentralized currency. As much as I would like for the Bitcoin to be implemented as a currency within all countries I  know that this situation won't come to the light.
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There are too many people which don't even know how to manage the physical money; how would they in this matter manage the digital?
I don’t really think so that there is such need of seeking the permission from the government if you are planning of converting your paper money into any of the crypto coin.

This is something which is entirely your own choice and that doing this will help you in having more amount of paper money at time when you will sell back your crypto coins. You can do this for having a better tomorrow as well.


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March 20, 2018, 07:09:46 AM
 #116

The transition might take many years for people to use digital money more than fiat money in volumes, but I do not really support the idea of eliminating fiat money totally from the economy, it would always be better to have both fiat money and crypto-currencies to provide more alternative choices for people to use when making payment for goods and services.

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March 20, 2018, 10:18:35 PM
 #117

People still are responsing positively but gets resisted due to pressure and discourage of Government authority
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March 20, 2018, 10:42:45 PM
 #118

I think the transition between fiat to digital currency was started many years ago. Transferring of money from one location up to another but not in the form of cryptocurrency was begun in 2005. And I think, it is not a big deal right now that we used cryptocurrency as our medium of exchange because even in my country (third world country), digital currency was already adapted.

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