Will crypto replace fiat money?

[Yakamoto]

maybe in the future but it will take time and also when all countries accept it.for now some countries ban bitcoin/cryptocurrency but others accept it which is a good thing for future development of bitcoin/cryptocurrency.

Good, more people starting to understand that it will take some work for Bitcoin, and cryptos in general, to become something that will be of high quality for the general populace to use as a replacement for their current means of paying for goods and services.

What I'm saying is that it will probably take Bitcoin getting to a point where it is as simple and easy to use as a credit card for it to really catch on with the general population; once that happens you'll likely see a shift in popularity among people using it more in their daily life than what most are currently doing, and that might be the big "shift" for cryptos to begin (unofficially) replacing fiat. But governments will likely make sure that never happens no matter how hard they try.

[hadveach]

yes, I am sure that if everyone knows about the virtual currency, then they will leave the fiat, but because they do not understand the technology and the limited knowledge, so they can only talk without taking action.
and it looks like they will go to other altcoins like BTG, BCH, ETH.

[Neurogress]

NO, this is impossible. But will take a huge part of world money holdings in next 5 years

[fusepay]

Will it replace current, or has it already?  The mass media and even fake news are reporting on us now. The secret is out, hope you all HODL'd 

[vaughn125]

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 cannot freaking understand why a lot of people really want bitcoin to replace cash. It is just stupid. Just try amd think how many things are involved with this idea. How lany people will get hit by this happening. If you do this, you will see that we are so far from being ready to have something like this happen. And is even more likely to be impossibl why not just use both? Why make thing more complicated when it cam be a whole lot easier? Tss -.-

[tonmoycrypto]

i guess its YES but only possible if crypto reforms the whole world and society . it will takes many  years

[dongosquad]

There will be no substitute between fiat and cryptocurrency. Both are complementary, despite the times have advanced, we still need offline transactions. Many areas have not reached the development of technology. What if there is no internet network?

Well, lots of profitable altcoin, just need to wait for boom time. I suggest XLM and ETH.

[RoccoSiffredi]

It will replace money only when the governments and the big banks behind them will decide that so it should be. And of course they will have control. This is the unfortunate reality.

[smith136]

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)

not at all simply because of its system were transactions are decentralized, government can't regulate or control cryptocurrency which makes it invalid to become a national currency but I believe countries might release their own crypto in the future.

[nguyenkhanhhung14]

Saying that crypto replaces fiat money at the moment I think is a bit premature. Currently, the cryptocurrency market is very potent but can not completely replace the offline currency, predicted the next 20 years when crypto popularity, fiat money decline in exchange rates, then it is certainly crypto will be preferred in the transaction by everyone.

[reymartH]

A cryptocurrency is as much an investment as it is a utility to perform transactions. A vast majority of the world’s population deals in only one currency – their local currency, and the intention of using this currency is purely as a payment utility and not as an investment instrument. If one were to use a cryptocurrency, there is no central authority to execute stability measures and bring things into control when there is a crash. There is no centrally covered insurance on the accounts/wallets. The users will see their wealth erode quickly and will have no backstop or insurance to save their monetary assets.

[KeithBeeCham]

The crypto replacement of fiat money in the future I see the very high possibility. But the only altcoin can replace fiat money, Bitcoin does not replace fiat money. Because Bitcoin's current exchange rate is high, a currency unit that does not have a circulation can not have that high price. So small altcoin coins in the future will be able to replace the cash.

[seven2smoke1]

maybe in the future but it will take time and also when all countries accept it.for now some countries ban bitcoin/cryptocurrency but others accept it which is a good thing for future development of bitcoin/cryptocurrency.

You are right mate, It will take some time to legalize bitcoin in the whole world and then he can replace the fiat. I think in the future a lot of people will support cryptocurrencies, It's a new technolgy and we can make with it fast transactions, we talk about few seconds here. I believe that one day, bitcoin will replace the fiat money and maybe it will be the currency of the world.

[CopMom]

The crypto, especially Bitcoin, will replace fiat money, which will inevitably occur, but it may be difficult now. Because current crypto is not popular, not many people know and use crypto for the purpose of trading products. They often use crypto as an asset to make a profit through exchange rate increases. In the next 10 years, I hope crypto will become popular and replace fiat money.

[sucix]

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)

This question again. I think you need to search the answer in tho other older thread.
However, cryptocurrency will never replace fiat. Fiat is more powerfull than cryptocurrency. Its more usefull since many years ago.

[mjloulie]

Well i guess its YES  but  it will takes many many years before its all implemented in all over the country.

Yes.. Your right bro.. Because it is too early to change the fiat money to crypto. we have to wait until the government approve it as an money exchanger.

[Altero]

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 cannot freaking understand why a lot of people really want bitcoin to replace cash. It is just stupid. Just try amd think how many things are involved with this idea. How lany people will get hit by this happening. If you do this, you will see that we are so far from being ready to have something like this happen. And is even more likely to be impossibl why not just use both? Why make thing more complicated when it cam be a whole lot easier? Tss -.-

That's right, there is no need to push crypto even bitcoin to replace our old form of currency. We are happy to have crypto but not the purpose of replacing fiat money, instead it gives us options which one we've gonna used in a certain transactions.  In fact, digital form money are existed already before the creation of crypto just like using atm and credit cards,  and we still using it until  now.

[twothirtyfive]

Will never happen.  There is no way to generate more tokens when the government inevitably needs to "borrow" more money...lol

[kobe24]

That would not happen people still want fiat because it's easier to use you don't need an internet connection and we all know that there are some people don't have idea what bitcoin is.

[batang_bitcoin]

I would like to know if cryptocurrency will replace fiat money in the future

No, decentralized vs centralized. Government will not depend on the currency system which is decentralized.

also if so how long it will likely take. 

Since it won't happen but cashless society or digital money through dollar or any local currency is possible to happen within few years.

Also,  I would like to know which coin you think would take over if one will.  (E.G. Dogecoin,  BTG, LTC, XMR)

The dominating coin is bitcoin and it's the most well known coin but again, it won't replace fiat money.