Will crypto replace fiat money?

[domerosan10]

If crypto replaces paper money maybe crypto will be the best virtual money in the world. But I think it will not be possible, because crypto money is not supported by the government.

[adifariz]

it takes a long time if crypto wants to replace the fiat in the world. and if you look at it now then there are not many coins that have a chance to do it, I just choose Bitcoin and Etherum as coins that have a chance to do that. we can also see that there is currently no altcoin which can show a positive trend continuously and stable. So the choice will be few and it will happen for quite a while, Cryptocurrency fluctuates and is decentralized and do you think that the government will allow something uncontrollable to get into their economy and used as the main currency?

[Saldom12]

I think this is a good idea, if this happens the crypto money will be the top one and today is already modern. But it will take years before everything is done across the country. 

[badungs]

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)

Nothing is impossible in this world. but I think it will take very long time. because so far there are still many countries that do not believe in bitcoin. and there are still many people who have not been able to take advantage of technology and the internet. The development of the world increases the need for a fast, secure and confidential payment system. and the crypto currency is the right solution. and with such an advantage it is not impossible that everyone will take advantage of bitcoin.
I have not had time to think which coin will take over in the time to come, because for now I still believe in bitcoin.

[rosstiller]

I dont think this will ever happen. The main principle of crypto coin is decentralized peer to peer electric cash system so if it become fiat money then it will no longer be a decentralization system.

[Revprojects]

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 it's possible, but not in the next 20 years. And when this happens, it will be not Bitcoin. I guess that this coin hasn't been invented yet.

[Ashmeet8263]

It is hard to say that crypto will completely replace money as it is in its beginning stage and the change will be seen after all the flaws of crypto (damage of banking system) will be overcome.

[kabelpeggek]

Nothing will replace fiat money. Fiat has been existing for long and its incorporated into every sector and daily activities. So for any cryptocurrency to replace this , it will go through all those stages which isn't a small journey . even if anyone currency is going to replace fiat money probably its going to be bitcoin and no one can say exactly when this will happen. The journey has started but its a long one.  A possibility is general acceptance which we hope it happens soon.

[MakLampir]

To be honest, I don't see cryptocurrencies replacing fiat currencies anytime in the near future because the basic requirement to use cryptocurrencies is associated with the knowledge of using modern devices and we don't have the high literacy rate when it comes to the technology on a global scale thus some people will always use fiat currency irrespective of the benefits of cryptocurrencies. However, on the other hand, I do see exponential growth in the user base of crypto too and we will see cryptocurrencies will gain a place as one of the major players in the fund transfer industry.

[Cryptoreflector_666]

To be honest, I don't see cryptocurrencies replacing fiat currencies anytime in the near future because the basic requirement to use cryptocurrencies is associated with the knowledge of using modern devices and we don't have the high literacy rate when it comes to the technology on a global scale thus some people will always use fiat currency irrespective of the benefits of cryptocurrencies. However, on the other hand, I do see exponential growth in the user base of crypto too and we will see cryptocurrencies will gain a place as one of the major players in the fund transfer industry.

In General, it is, because any cryptocurrency must be supported by a Fiat currency. Of course, top currencies can change each other, not to mention altcoins, but the dollar will always be the main binding for any crypt. A fact.

[Cryptoreflector_666]

Nothing will replace fiat money. Fiat has been existing for long and its incorporated into every sector and daily activities. So for any cryptocurrency to replace this , it will go through all those stages which isn't a small journey . even if anyone currency is going to replace fiat money probably its going to be bitcoin and no one can say exactly when this will happen. The journey has started but its a long one.  A possibility is general acceptance which we hope it happens soon.

Taking into account how quickly technologies develop (and they develop with acceleration), then with a high probability the crypto currency will not have to go through such a huge journey, which at one time was done by Fiat money. In General, this trend can be seen in all areas of not only the economy but also the main technological progress.

[ir.yance]

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 also think that the crypto currency will replace fiat money. crypto currency that will replace fiat money in the future that is Bitcoin.
but I think it takes a long time so that the crypto currency can replace fiat money because there are currently some countries that prohibit crypto currency and there are also some who have received crypto currency as a legal means of payment. if we now think of crypto currency replacing fiat money is impossible because crypto currency has not expanded to the world.

[Faxmate]

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

Many people believes that bitcoin will replace fiat but if they want to this thing happen it need to under go in many processes. In addition to that, some people say that bitcoin will become our world currency and it will not replace our traditional money. I hope in the near future all government will consider bitcoin as currency.

Why no benefit it has bitcoin is best currency which has a lot of benefit and it is highly volatile which is spreading  best knowledge and awareness about digital currency and new technologies among people, bitcoin use is more than fiat now a day as it saves our time and it is fait payment methodology which give benefit for every single use for payment in market and shopping malls or to pay for bills, so in short now people like bitcoin more than fiat and gradually fait will get vanish completely.

[binghope]

Crypto is always reserved to be used as a substitute for fiat currency but it is difficult to realize because if crypto must replace fiat currency then there must be regulation from all countries in the world related this crypto. In addition, there is a need for an economic balance of the transition period from the exchange of this currency.

But if Cryptocurrency replaces government cash, it will be very costly for this, the cost of preparing machinery and technology to meet the needs of the people's BTC and some knowledge of technology. Therefore, in my opinion BTC can not replace fiat money forever after.

[Haslett5236]

I think one day cryptocurrencies maybe will not replace fiat money, but they will be accepted in a lot of stores and places all over the world. So when the resellers and people more like to accept cryptocurrencies then fiat money, i think we got it. Because fiat money will not dissapear in the next twenty years.

in fact, this has already been the case in china. although it is not directly related to crypto, but they already have an app called wechat whereby everything over there can be paid by this app. so they already considered to be cashless society already.

[Jacata98]

I think Crypto will not replace the fiat currency, but the existence of Crypto will be a new way to exchange values.

[bjmpoker001]

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)

For replacing fiat money, cryptocurrency need to fix their transaction fee and time.
the problems for bitcoin i think the high tx fee and the long blocktime. If it improved good, surely it will replace fiat.

[Vamh_s]

Well I guess yes  but it will many years to adopt into all countries.

[Yatsan]

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.

But it takes a very long time and must be balanced with the construction of infrastructure facilities to facilitate bitcoin transactions that are highly dependent with internet connection. The important note is, it will be realized if the legality of cryptocurrency has been fully recognized, although every government has a chance to make their own cryptocurrency.

In theory, it would really come to a happening wherein bitcoin and other big crypyocurrencies will dominate not only the investment world but most especially the currency industry as well. After all, fiat currency is getting pretty outdated in the coming of days and bitcoin continues to improve as a coin and as an asset. That's why I believe that it could be a big possibility.

[Mr.John19]

Cryptocurrency is notable in light of the news concerning on making a regulation by the government. We can't occur to replace the fiat. However digital currency has an opportunity to replace it if the legislature will permit it. But, I trust whatever the regulation on the digital currency will exit perpetually as a because of the assistance of the innovation. Bitcoin is the astonishing digital currency and can use on the installment. Fiat will remain resources on this world.