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Author Topic: Do you believe that digital currencies will replace Fiat?  (Read 5118 times)
StockBet.com
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October 25, 2017, 01:05:57 AM
 #141

Yes, it is possible, but only after the volatility subsides.

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October 25, 2017, 01:17:51 AM
 #142

I know it may not be possible right now, but do you think fiat will be gone in the future?
To be honest many people didnt know about bitcoin and cryptocurrency but iknow in the future if all people know this ! This bitcoin become our money biuase this is a new technology that can transaction faster than fiat money.
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October 25, 2017, 01:37:54 AM
 #143

I'm not sure that bitcoin will replace the role of fiat fully in the future. I still believe in the future of Fiat is still in use, although the presentation of its use is small. That's just my speculation.
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October 26, 2017, 01:19:03 AM
 #144

I know it may not be possible right now, but do you think fiat will be gone in the future?
For now im not sure because fiat is the best main money in the world that can easily use to buy anything but in thebfuture i think bitcoin can replace fiat if all people know this becuase as far as now the bitcoin is not totally popular to all people.
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October 26, 2017, 02:08:12 AM
 #145

I know it may not be possible right now, but do you think fiat will be gone in the future?
Bitcoin are growing very fast and have reached very high heights of success and in this journey it has gained a lot of popularity and users but still I don’t think that bitcoin will be able to replace fiat money. Since firstly, fiat money is way more popular than bitcoin and has more users than bitcoin also. Secondly it is more stable and it’s value does not fluctuate whereas bitcoin’s value fluctuate a lot. Then fiat money is regulated by government leading to making it more stable whereas bitcoin is not regulated by any government and therefore it is less stable form of currency.
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October 26, 2017, 02:27:52 AM
 #146

I know it may not be possible right now, but do you think fiat will be gone in the future?

In the future, it would be possible that there will be an advance and fully-dependent to technology world. More people would like to use crypto currency in that world and everyone will gain access to it. This era will be the golden age of mankind in relation to technology. The only issue that might affect this scenario is that crypto currency must have stable market value, or else it can't be use as money.
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October 26, 2017, 02:34:18 AM
 #147

it is possible in future. I am sure about it.Nowadays bitcoin is become so much popular. I think it will nit take so much to take replace fiat.

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October 26, 2017, 02:40:09 AM
 #148

I know it may not be possible right now, but do you think fiat will be gone in the future?

Personally yes, technology is getting ahead every year and i'm sure digital currencies will become more popular in the future. It will not replace the fiat but digital currency will being used by people. I think it will be hard to remove fiat in a country, because not all people accept to use digital currency.
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October 26, 2017, 02:51:44 AM
 #149

I know it may not be possible right now, but do you think fiat will be gone in the future?
In my opinion, fiat money will not be lost because fiat money is used for transaction processing in order to make an agreement on both sides or more.
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October 26, 2017, 02:53:38 AM
 #150

I think bitcoin will not replace fiat because fiat is our foundation of money, and if bitcoin will be more popular than fiat then it is good, and I'm sure it will happen. But I don't think it will be gome completely because it is still important for those who doesn't have access in internet.
Why wouldn't we assume in the future that everyone would have internet? At least in developed countries.
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October 26, 2017, 02:58:30 AM
 #151

I know it may not be possible right now, but do you think fiat will be gone in the future?
In my opinion, fiat money will not be lost because fiat money is used for transaction processing in order to make an agreement on both sides or more.
Yes, fiat money won't get changed from the usage. Bitcoin is all about advancement and when more growth happens with the digital currency people might start using bitcoin in large scale. The same won't let fiat money get replaced and several countries will come up with plans of making their own digital token.

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October 26, 2017, 03:00:32 AM
 #152

There are many things that we do not know. Just like the future it's hard to guess especially if you do not know what's happening. Because you can find out the future something like what you see now. Bitcoins are the same as bitcoins today, and the price hike continues to decline. Many famous crypto currency people have expressed their opinions about bitcoins and these two are both positively the visible future of bitcoins. So you will soon know the future if you know what's happening right now

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October 26, 2017, 03:01:17 AM
 #153

I know it may not be possible right now, but do you think fiat will be gone in the future?
I think it is possible to that cryptocurrencies will be mainly used all around the world because nowadays cryptocurrencies are getting more powerful and more people are using it. But I really don't think fiat will be gone completely because this is the foundation of economy and somehow identity of a country. I think it is still essential for some in the near future because it has been part of our history and now it is still functioning.

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October 26, 2017, 03:01:46 AM
 #154

Yes the digital currency are a rage but in the end we value them at Fiat only, so how can you stop using Fiat. Not everyone you'll know uses Bitcoins, and most of the government's are not keen to accept bitcoins too. In additoin of that it takes one he'll of a effort to make them understand, it's very soon yet to say that digital currency can eliminate Fiat, currently I don't feel enough is done to highlight digital currency, and stop Fiat.
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October 26, 2017, 03:07:10 AM
 #155

Money appeared in when the first gold coins were created in Greece and it has this characteristics: is a medium of exchange, a unit of account, portable, durable, divisible, fungible, and the most important it is a store of value for long periods of time.

We can observe that gold, Bitcoin, and many cryptocurencies have got this property but paper money which is called fiat currency haven't got this one because it is constantly printed through the infinite.
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October 26, 2017, 03:24:15 AM
 #156

My policy is we need competition and comparison should be in life to motivate ourselves to fix our target and try to achieve it then only your journey of life interesting otherwise you will be very boring. So we should have fiat to fight and perform better then it. In my point of view no need to replace Fiat by digital currencies.

It is not possible to replace fiat because each and every country has their own currencies and its own value so it wont be that much easy to replace yes the volume of usage will be for sure reduced by bitcoin and other cryptocurrencies this is also a fact we have to accept in near future more users involved in using cryptocurrencies and Fiat users will be reduced. 

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October 26, 2017, 03:56:52 AM
 #157

I know it may not be possible right now, but do you think fiat will be gone in the future?
If by digital you mean blockchain technology, I would say no. There's no way that's gonna happen considering the fact that illiteracy can never be totally wiped off the face of the earth. There are still people who will never understand the complexity if the blockchain to be able to use it. But if by digital you mean fiat being exchanged and transacted electronically, I would tell you that is already done. It is called internet banking or online banking/transactions.

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October 26, 2017, 03:58:27 AM
 #158

Yes the digital currency are a rage but in the end we value them at Fiat only, so how can you stop using Fiat. Not everyone you'll know uses Bitcoins, and most of the government's are not keen to accept bitcoins too. In additoin of that it takes one he'll of a effort to make them understand, it's very soon yet to say that digital currency can eliminate Fiat, currently I don't feel enough is done to highlight digital currency, and stop Fiat.

Yes true, and with digital money then all the transactions can be easier and faster than using fiat money, in addition digital money is also easier to use and we do not need to bring a lot of money for the transaction.
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October 26, 2017, 04:13:46 AM
 #159

My policy is we need competition and comparison should be in life to motivate ourselves to fix our target and try to achieve it then only your journey of life interesting otherwise you will be very boring. So we should have fiat to fight and perform better then it. In my point of view no need to replace Fiat by digital currencies.

It is not possible to replace fiat because each and every country has their own currencies and its own value so it wont be that much easy to replace yes the volume of usage will be for sure reduced by bitcoin and other cryptocurrencies this is also a fact we have to accept in near future more users involved in using cryptocurrencies and Fiat users will be reduced. 
But fiat is relatively new especially in the Western world.
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October 26, 2017, 04:50:27 AM
 #160

I think it's impossible to replace real money in digital currencies. Not all of us use bitcoin besides the fiat has the symbol of the identity of each country. Not all citizens of a country live with technology just like those who live in the islands or away from the city. Not all of us in the modern world are the ones who prefer not to follow. You do not have a transaction when there is no internet the fiat is faster when it comes to transactions. And more studies need to be done before they can be used for digital currencies. And it's not easy to change an important thing that's so easy and it's always used everyday
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