CoPil
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May 30, 2018, 07:09:39 PM |
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I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR)
If you would want to know that exactly, then... no one will give you the right answer. We may give our assumptions but those would be considered as an opinion and not a fact. It may replace fiat in the future since a lot (but not most) people are looking forward for it to happen. But that would take a long time to happen (talking about the arguments with the government and central banks of each country). You see, most people nowadays are not that familiar or interested with cryptocurrencies (some) they may know what it is but they are not using it or probably they are not that open to the idea of replacing fiat money. |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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teejayrichard2
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May 30, 2018, 07:24:49 PM |
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no one knows for sure if crypto will replace fiat money even though crypto investors would love to see this happen in few years to come. also there are other currencies currently trying hard to overtake bitcoin but none yet..lets just keep our fingers crossed and see what happens in the crypto world
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Otuovila
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May 30, 2018, 07:36:54 PM |
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This is happening very soon, inasmuch cryptocurrency is use for exchange for other things
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TricksterX
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May 30, 2018, 07:43:03 PM |
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i think its so hard to replace fiat currency, if cryptocurrency price still depends on demand, crypto never get stable price
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wallstone
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May 30, 2018, 07:47:19 PM |
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I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR)
Right now, it is so hard to exactly determine which coin will take over but I do believe that cryptocurrency will as common as fiat in the future. I really do hope that cryptocurrency will not die and dominate the economy. In this revolutionized economy, I think our society is more advanced and hopefully more efficient too. I can't wait to see when this will happen and lastly, I hope I am still alive to see it folds. |
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viyumztf
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May 30, 2018, 07:49:20 PM |
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The future encrypted currency will certainly not replace the legal currency. We can consider the encrypted currency as a supplement to the Fiat, but it can not replace the Fiat because the legal currency is the power given by the government, and the encrypt currency has no ability to challenge this right.
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TRON0824
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May 30, 2018, 07:53:51 PM |
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maybe . its hard to replace bitcoin to fiat . im thinking how it work if bitcoin goes down then you purchase a car for exact ammount after 1 hr it goes up at 50% .  |
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FOUAD1994
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May 30, 2018, 07:55:23 PM |
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Yes
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dancingnancy
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May 30, 2018, 08:14:07 PM |
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I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR)
Fiat is used much more widely has a much higher supply and will forver be an important part of the concept of money . It is unlikely for crypto to replace fiat albeit it can comprise as the major part of the currency system. Laymen are yet to be educated upon crypto so until we see a widespread development in technology fiat cannot be forgotten. |
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Stormyblue
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May 30, 2018, 08:27:47 PM |
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I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR)
In my opinion, crypto currency may not replace fiat money but i really look forward to a time that both of these currencies will be used hand-in-hand by people all over the world. This is the future I hope for. This is because, though crypto currencies holds the key to ease of transactions both p2p and B2B, it will be very difficult to eliminate fiat money completely from the system. All the coins mentioned has the potential to make hikes in prices but i don't think any of them can overtake Bitcoin. Actually the crypto community need Bitcoin to to continue growing to help these coins to also grow. |
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ngano ba
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May 30, 2018, 08:37:19 PM |
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Crypto will not replace fiat money , even how good cryptocurrency in performance , but if there is no proclamation of the government that we are now using crypto then , fiat money is still on the go, crypto will be still circulating in the digital world, because fiat money is the usual exchange of value , ordinary citizen prefer fiat money than cryptocurrency,
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Robertqueen2
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May 30, 2018, 08:39:36 PM |
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The adoption of cryptocurrencies instead of fiat money will not be that an easy process because, here, we are talking about the changing the whole monetary system. Nevertheless, in comparison with fiat money, cryptocurrencies have advantages that will make it surpass fiat money. Crucial here, the regulation of cryptos may be a useful point in the way to enhance the process of replacing fiat money, but this regulation should be applied by the acceptance of people themselves not by one entity.
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ridobtc
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May 30, 2018, 08:45:45 PM |
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bisa jadi hahaha
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Gen-8
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May 30, 2018, 08:54:30 PM |
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Perhaps only a few countries will use this digital currency to replace their fiat currency they currently use, as there are still some countries that do not legalize this Bitcoin in their country.
But all can happen, and we will not know what's happening in front of it, hopefully this Bitcoin in the future will be acceptable in this whole world, so we can all feel a real proof of digital technology that we will use as a tool of transaction period front. And Bitcoin will remain the number one coin in the digital currency of the future.
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Skieleton
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May 30, 2018, 09:08:48 PM |
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I agree with that crypto will replace fiat money but i think it is too long for that it will happen, with crypto business transaction will be faster ever through online and no corruption will be made with this because there is no government officials involve.
Nobody will allow it. At least for now. BTC and cryptocurrency can not be adjusted. It is a completely independent creation. This is the problem. BTC will not be legal because it can not be controlled ... |
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vibingpositively
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May 30, 2018, 09:11:33 PM |
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Crypto won't ever replace the current system (at least that vision is impossible to foresee) but rather a co-existing system makes much more sense. It would be a sad day if any coin other than Bitcoin was the one that undid the financial system and that is the only one that can imo.
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cryptocurrencyguru
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May 30, 2018, 09:19:32 PM |
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crypto define the befits of being a decentralised currency rather than saying its is the future crypto can be handled as asset and fiat as money but mostly in digital format
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Larva14
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May 30, 2018, 09:33:18 PM |
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I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR)
I think we all know that it will take years of arguments and discussions to make cryptocurrency as an "equal" to fiat and a lot longer to replace it completely if that is even possible. The current situation right now of cryptocurrency is critical so we should be careful and avoid any other nonsense arguments with bashers and no-good critiques. |
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Stac
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May 30, 2018, 09:42:47 PM |
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May be in the next 10 years time there are chances for the wider acceptance of crypto currency which could lead to replacing fiat currencies to crypto currencies as the world is moving to a digital age some of the Government's started to accept the bitcoin and block chain technology whereas Some Governments started to explore the bitcoin and block chain technology as there is more demand for bitcoins in the crypto currency market they are learning about the bitcoin and block chain technology either to accept that technology or to start their own crypto currency which could lead to replacing fiat currencies to cryptos
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Daday23
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May 30, 2018, 09:45:28 PM |
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I think No,fiat is the first currency use by our ancestors till now and i dont think it will replace by crypto currency.Maybe in the future crypto and fiat are the currency used by people.The decision is in the people what they want to used.Crypto now a days is not very popular and their is a country not accept bitcoin.But bitcoin is very helpful to everyone.
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