How many years will take that fiat coin will be replaced by cryptocurrency?

FIAT will never be fully replaced as long as people value physical assets (which are inherently easy to centralize)

I think the correct reply is NEVER.

That said - if the world ended and no humans existed - then it would be then.

The thing that most people dont get is that FIAT is already a cryptocurrency - the technology for the cryptology is just different. They use water marks, special paper etc to encrypt the note so it cannot be copied.

Maybe the question should be - will all currency be one day de-centralised? Then you will understand why in my opinion the answer is "never".

Maybe around 5-10 years but maybe will need a lot more. But i dont think they will replace fiat 100%

Quote from: suvo05 on October 12, 2017, 08:51:45 AM

Quote from: MediBloc on October 09, 2017, 02:43:32 PM

How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)

This will ever happen when all the Gov over the world allows the cryptocurrency. And I don't think gov will allow any decentralised coin to rule over their central bank.
I don't know if is it ever possible for any gov to create their own cryptocoin or not. If that would happen it would be a game changer.

There would be a bunch of people from the Government wanting to take over the currency listings and there would be a bunch of people trying to get the most for what they have. It'll be hectic.

Quote from: 100action on October 12, 2017, 09:14:06 AM

FIAT will never be fully replaced as long as people value physical assets (which are inherently easy to centralize)

But in fact, we do not need the money to be completely replaced by crypto-currencies. We need recognition of crypto currency as a payment instrument or property. This will have a very positive effect on the holders.

I wish I can say very soon but cant because it would take mass adoption for everyone to use cryptocurrency. The general public would need to learn how to use, pay, and receive payments with it.

Quote from: MediBloc on October 09, 2017, 02:43:32 PM

How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)

I don't think it is possible to replace fiat.

I believe that the replacement fiat for crypto currency in the near future is impossible. This can be done in a society where the economy will be well developed and advanced technologies are introduced, and citizens should have the necessary knowledge and practical skills in crypto currency. In countries with a low level of economy, in my opinion, this is not possible at all. It is difficult for me to imagine a grandmother trading in the commodity market, which will take a small amount for the vegetables grown in the garden to take bitcoin.

We are a long way (meaning decades minimum), if it's even possible, from that happening.

Quote from: 100action on October 12, 2017, 09:14:06 AM

FIAT will never be fully replaced as long as people value physical assets (which are inherently easy to centralize)

Exactly Fiat never be replaced even digital currency couldnot able to make it lots bank and private wallets providing digital currency most of the people not using they used to with fiat even its providing instant payment.It may take decade or more to adopt crypto currency where huge transaction delay that has to overcome.

Quote from: IamAltcoinfan on October 14, 2017, 06:53:42 AM

Quote from: 100action on October 12, 2017, 09:14:06 AM

FIAT will never be fully replaced as long as people value physical assets (which are inherently easy to centralize)

But I think .Bitcoin ,one of the Altcoin will replace the Currency System.I am dam sure ,it will happen in future.The price of bitcoin is around the value of 5500$ + now.So soon ,the bitcoin will replace the dollar and then followed by the FIAT.All the using currency will be replaced by Bitcoin soon.You will see this in short period of time.

fiat will not be replaced by cryptocurrencies, they'll live together

It wont be anytime in the near future. You will have to have mainstream acceptance of bitcoin and a couple more. Then you will have to have global breakdown in fiat currency which could happen. There would also have to be a system of taxation put in place for governments to allow that to happen. They will want their piece. Then there will be transition time and finally that may happen.

Cryptocurrency will never replace fiat IMHO. Cash is the best way and the fastest way to purchase something you want. Cryptocurrency is only relying on technology(which is internet and devices) in able to use them. Imagine how inconvenient is that? If you don't have that technology. You can't buy anything because cryptocurrency don't have physical appearance unlike cash. Cash can has a physical appearance. So you don't have to use technology. Just give the money. That's it. And most of all, cash is accepted everywhere. Not all countries are accepting cryptocurrency. So it's hard to imagine that cash will replaced by cryptocurrency. But who knows? Only time can tell us what will happen.

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Quote from: MediBloc on October 09, 2017, 02:43:32 PM

How many years will take that fiat coin will be replaced by cryptocurrency?
DO you think it's possible or not at all? Plz share your opinion:)

I don't think that fiat will ever be replaced with cryptocurrencies, at least not in near future. Cryptocurrencies require Internet for their usage and can't work offline whereas fiat work offline 100 percent of the time. Moreover, transactions made in crypto require high fees which makes them unsuitable for small transactions.
Crypto are decentralized and no one can control their flow and regulation. I don't think that the government would allow any such thing that they can't control to come in everyday use.

I think one day it will happen,but not rapidly, let's say in 20 years. A lot depends on the government! Let's see)

to completely altcoin replace fiat coin takes a long time. but gradually progress is quite good

Never cryptocurrencies will not replace Fiat. States can change the shape of the Fiat. I am sure that with time, Fiat will have electronic form. On the methods used, they will be very similar to crypto-currencies but they will always remain under state control, and rightly so. Fiat and cryptocurrency have different purposes and will never be United.

Quote from: Palmerson on October 16, 2017, 02:25:19 PM

The fiat system might get a digital form, but the same never gets replaced with the cryptocurrency. Several countries have already done the same plan and given the paper money the digital form. Even after years fiat system will be the primary option for all the users.