Cryptocurrency as our Fiat

[Shamie1002]

I think it will not happen. Firstly because of volality. An amount of bitcoin would mean so much more once it's widely accepted and guessing that no one would buy a coffee using bitcoin with fees greater than the price of the coffe itself. It's a bit impractical.
And bitcoin can not function as a global currency because of the economical diffences of each country. Like in US Dollars is Fifty pesos in our country.

[Pasaway2701]

I think it will not happen. Firstly because of volality. An amount of bitcoin would mean so much more once it's widely accepted and guessing that no one would buy a coffee using bitcoin with fees greater than the price of the coffe itself. It's a bit impractical.
And bitcoin can not function as a global currency because of the economical diffences of each country. Like in US Dollars is Fifty pesos in our country.

The government will not accept bitcoin as currency because of its anonymity. It can easily used in illegal purposes that cause to increase criminality. It will be hard to have crypto as fiat because the value is not stable in the market. Fiat is something that has fixed value and it is handled by people in the government which is different in cryptocurrency.

[Antiqua]

i think cryptocurrency as fiat is possible but not with this current crypto
i think every government should establish their own crypto, so paper money no longer needed
and after that, every nation should acccept only 1 cryptocurrency as global payment, no nation should own this but every nation
but i think we can use that method after trial and error with this current crypto

[BTCeminjas]

Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?

Nothing's impossible when it come's technology our modern technology was more develop and that happen soon.
It take's a long process before that happened, maybe. There are some establishment now adopted this cryptocurrency named bitcoin even though this is a volatile they accept already because they think that it is more expensive when right time comes.
As now we can't conclude that cryptocurrency replace our fiat but who knows it will be happen through this our modern technology.

[kaya11]

Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?

Yes it will, but not at the moment there are still yet to be done. It is very essential in the ways of speed of transactions. Imagine sending money to another part of the world in just minutes. Just see how China works with their digital payment method, even though small vendors used it already, It is very essential if things go like that in most of the countries.

https://www.youtube.com/watch?v=dPcA0xw8a-0

[datodota002]

Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?

i dont wanna ruin your dream to make crypto as fiat, it's hard to be true because every single country in this world have own fiat, and own rule about that fiat. Cryptocurrency still new in this world people like it because it really good for trading. and invesment. but it doesnt mean it good to be fiat money. still alot thing to review about cryptocurrency. and that will be a long time

[mx667]

Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?

I dont wanna ruin your dream to make crypto as fiat, it's hard to be true because every single country in this world have own fiat, and own rule about that fiat. Cryptocurrency still new in this world people like it because it really good for trading. and invesment. but it doesnt mean it good to be fiat money. still alot thing to review about cryptocurrency. and that will be a long time

First of all, I want to say that Bitcoin is not a physical currency. Bitcoin's main goal is to transact easily, so I guess that's one of the reasons. But if someday there is a physical item that is used as Bitcoin currency, I do not think that currency can be used arbitrarily. That's because we all know that Bitcoin prices are always changing all the time. So people will think twice about using Bitcoin as a transaction tool. Especially for the middle class who like to make Bitcoin for investment tools only.

[Kawasanz]

Throughout 2017, bitcoin will most likely show the quality of the store of value and present some of the stability and reliability of the experts.
For Bitcoin and cryptocurrency to actually achieve mainstream adoption, it is necessary to reflect the quality of the currency. This should indicate the low volatility and price fluctuations for the general public to rely on as currency.
so it is very difficult to make as a substitute for paper currency, bitcoin fixed currency digital means for future investment

[Yakamoto]

Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?

It might become some sort of large trade currency, I don't think it will ever hit some kind of average fiat use since that would require a massive restructuring of society and the value of bitcoin would shoot through the roof, resulting in everyone hoarding what they have right now even more and making it harder for people to actually have it and be able to use it. As a trade currency and as a store of value, Bitcoin would be great for that kind of use. It actually makes sense to have Bitcoin fill those roles, everything else is a pain in the ass due to confirmation times or the like. Trade currency is probably the destiny of Bitcoin, if it ever gets to that point.

[mutrang23]

Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?

I do not think it will be widely accepted and popular because there are so many countries that are issuing a ban on bitcoin. So I do not have any idea what can not happen.

[cpfreeplz]

Honestly not the way it is now. I'm not going to pay BTC0.00050000 for a transaction when bitcoins are 17k each and neither would anyone else. It's not even really worth buying appliances with. At some point when it stops rising so much I think things will level out, become normal and the fees will settle down to where they should be. At that point yeah bitcoin could take over the world.

[samcrypto]

Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?

I do not think it will be widely accepted and popular because there are so many countries that are issuing a ban on bitcoin. So I do not have any idea what can not happen.

Who knows about what future holds, maybe yes or no but this technology will surely improve the lives of many people. Yes cryptocurrency is really hard to accept specially by the ordinary people and I think if this thing happen the price of cryptocurrency may not move since every had that specific token.

[lvincent]

Maybe it's not impossible but it's not gonna happen sooner, a lot of big companies in the industry are trying to make this world a cashless society even the alibaba corp. they are supporting this kind of thing, cryptocurrency as our fiat will gonna less corruption i think and it will really reliable to us ordinary people.

[Weawant]

Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?

I do not think it will be widely accepted and popular because there are so many countries that are issuing a ban on bitcoin. So I do not have any idea what can not happen.

Who knows about what future holds, maybe yes or no but this technology will surely improve the lives of many people. Yes cryptocurrency is really hard to accept specially by the ordinary people and I think if this thing happen the price of cryptocurrency may not move since every had that specific token.

Because many ordinary think that bitcoins is scam since no knowledge people on new technology cannot accept those new things on their knowledge and also many article,medias and bad fuds connect bitcoins as illegal money so they will believe on that and will surely not go unto bitcoins. And cryptocurrency acceptance as fiat will very became hard since their are so many burden barricades its way.

[Hexah]

It is not far from possibility now that bitcoin and other crypto becomes parabolic to citizens around the world and I know it will spread more in the coming years. I read some article that Japan made bitcoin as wages to some employees and if that will be adapted by many then the possibility of becoming a crypto a fiat currency is larger than anyone could've ever imagine. Digital money is the one  we could used in the future and I am positive it will happen sooner or later.

[Shamie1002]

I think it will not happen. Firstly because of volality. An amount of bitcoin would mean so much more once it's widely accepted and guessing that no one would buy a coffee using bitcoin with fees greater than the price of the coffe itself. It's a bit impractical.
And bitcoin can not function as a global currency because of the economical diffences of each country. Like in US Dollars is Fifty pesos in our country.

The government will not accept bitcoin as currency because of its anonymity. It can easily used in illegal purposes that cause to increase criminality. It will be hard to have crypto as fiat because the value is not stable in the market. Fiat is something that has fixed value and it is handled by people in the government which is different in cryptocurrency.

I do not understand why you have to quote it but I think we are both on the same side.
The part where you said that bitcoin will not be accepted by government, I think I would not agree to that.

Because firstly, in my own opinion, government really wants to take part in this industry. They want to control it but very impossible to happen. That is why many are banning bitcoins in their country.
Criminality exist and will continue to exist with or without the government involved.

Second, we are asking for acceptance which government would not allow unless bitcoins are regulated by them.

Therefore, it's up to the core if we will want government to regulate it for further acceptance OR just ignore the government and let them do what they want regardless of what they can do.

[waynechong1995]

I think the bulk price of BTC is mostly suitable for purchasing expensive goods in life like houses, cars or stuff over as smaller transaction was seriously difficult to do so with its high fee, otherwise those apps that could be used in daily merchant purchase could be useful with cryptocurrencies, snt omiesgo and solutions/ecosystem purposed by like say request network are potential substitute for fiats through crypto. Likely not but so soon as regulations are still not happy with a bubble state cryptoworld.

[BartS]

Certainly but not with bitcoin. When cryptocurrencies are actually made to be currencies, that's when they can destroy fiat. Bitcoin's price is high but no one uses it as a currency, fees too high and is just not going to work for bitcoin, other coins however can definitely be used as real currencies, hopefully in the near future.

Many people criticize bitcoin saying it is too slow but those coins that are supposedly faster than bitcoin have no acceptance at all, and that is the most important part of a currency, to be accepted, the speed of transaction is a big issue but not as big as many people make out to be especially since the devs have taken steps already to try to remedy that situation.

[matanglawin]

Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?

It cannot be. Fiat are currencies that are supported by governments of different countries and it happened that Bitcoin is decentralized and is an open source system so it is quite impossible for that to happen knowing that there are countries that are not fond of making Bitcoin legal. But still, Bitcoin is benefitial to its users than fiat.

[Gracechen17]

Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?

Crypto and fiat are two different word with different meanings. Crypto it virtual while fiat is physical but our weekly or monthly earnings of crypto can be our daily fiat expenses. That is if we convert our crypto to fiat and use it in our daily living. So it also came out the same. Crypto to fiat for daily expenses.