netil
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May 03, 2018, 02:14:48 PM |
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such a scenario is possible, but it will take a very long time. People still do not give up cash simply because they are used to them. It is not so easy to overstate the practice that was formed by generations
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No Gods or Kings. Only Bitcoin
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Kidmat
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May 03, 2018, 02:27:40 PM |
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such a scenario is possible, but it will take a very long time. People still do not give up cash simply because they are used to them. It is not so easy to overstate the practice that was formed by generations
I think it will take long to make this happen cryptocurrencies able to replace fiat. You are right physical money is still very substantial in every person in the country. And a long time process for this statement a lot of factors to consider. |
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yslyv
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May 03, 2018, 02:40:20 PM |
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i dont think it is possible in near future. Because cryptocurrencies are still not enough practical for use in regular ways. network size and speed should improve more and fees also should be near zero
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turn the page
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deppil
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May 03, 2018, 02:50:50 PM |
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Electronic money is just a new solution in recent years and it is close to a lot of time to prove its usefulness and convenience. Paper money and coins have existed for thousands of years and their existence has been documented and studied. One more thing not everyone has the means to store electronic money. There are still so many poor people in the world and they have no access to new technologies like us - who are participating in the forum.
we need a very long time to move away from the physical financial system to an online or electronic financial system. actually there are already many developments such as the existence of cryptocurrency, credit cards and many others that support the existence of electronic money. but not everyone can use it for some reason as you say many people are still poor? |
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Visteryy
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May 03, 2018, 02:53:55 PM |
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Maybe electronic money will make cash disappear. If everyone uses electronic money then I think it would be more convenient to use cash. Because we will not need to bring money when going out
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isetter
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May 03, 2018, 02:55:24 PM |
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It is possible that all countries in the world will accept and use electronic money. I think that by that time the cash will not be needed. All payments will be faster, we will never have to worry about picking or falling money
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unknown-user
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May 03, 2018, 02:55:30 PM |
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As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
No, it's absolutely not! No one can replace physical money as it is the way to recognize eaach country and it has value not only the amount but in the manner of culture. And it will be hard for bitcoin even it is popular these days to replace physical money because government will oppose on this because they are the one who produce physical money. |
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minnerETN
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May 03, 2018, 02:58:45 PM |
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I think not. Electronic money can not replace cash. Because cash has been around for a long time and electronic money is still new and not widely accepted
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hoanghoatham04
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Blockchain Just Entered The Real World
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May 03, 2018, 03:00:41 PM |
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In the future, I think that could happen. Electronic money is slowly gaining in popularity in many countries. Many countries have created their own electronic money. Maybe in a few years the electronic money will replace cash
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piterpie
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May 03, 2018, 03:02:01 PM |
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As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
My opinion is that cash and electronic money will exist in parallel. Cash will be used in real life. And electronic money will be used for internet trading |
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flower1024
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May 03, 2018, 03:18:55 PM |
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In the future, I think that could happen. Electronic money is slowly gaining in popularity in many countries. Many countries have created their own electronic money. Maybe in a few years the electronic money will replace cash
Yes now most of the country governments giving instructions to there people to make only digital transactions, stop accepting liquid cash because to stop corruption. But I don't think they will accept cryptocurrency transactions because it will not give any profit to the government. |
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victorski
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May 03, 2018, 03:43:23 PM |
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Of curse it can. Physical money would disappear anyway, just crypto is an instrument to make it faster, in my humble opinion.
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RokokGudangGaram
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May 03, 2018, 03:51:27 PM |
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if in my opinion it is very difficult to eliminate the physical currency in this world after the existence of crypto. because some countries would certainly never allow crypto to replace the country's currency, because the paper currency has been used as a symbol of all countries
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Denifriska
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May 03, 2018, 06:10:41 PM |
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It looks like cryptocurrencies will not be able to replace paper money. Because the function of cryptocurrencies is for payment and virtual transactions. While there are some transactions in this world that can not be done virtually, but still need paper money to transact.
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matanglawin
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The Organic Growth Token
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May 03, 2018, 09:27:35 PM |
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As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
I don't think it can make disappear physical money because in the first place you need money to buy crytpos right? And not all people can buy cryptos, there are still people who are computer illiterate and doesn't even know what is bitcoin so it might be hard for them to understand it. |
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valentinen39
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May 03, 2018, 09:38:29 PM |
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As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
There is a huge chance in the future that fiat might disappear if the technology grows even more and most of the people will be interested on using digital currency more than using a physical cash to purchase anything they are interested. |
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weblouartisan
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May 03, 2018, 10:49:54 PM |
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As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
It depends on the government, if the government will allow us to use cryptocurrency then physical cash might really be gone for good since most of the people today are relying on digital currency more than physical cash. |
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thecoder2017
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May 03, 2018, 10:58:37 PM |
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We dont know what will happen in the future but i think that paper money will remain because not all countries are experiencing the trend of advance technologies because developing countries are still not familiar with cryptocurrency so fiat money or physical money will remain.
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Sirait
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May 03, 2018, 11:12:24 PM |
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the physical money will not go away just because of the cryptocurrency, I see cryptocurrency is an update,
so even though in future the cryptocurrency will be used, the physical money will be collectibles by collectors, or displayed in museums,
so I think cryptocurrency makes physical money into one of the valuable things to be in the collection, not disappear, but only its use is no longer.
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mackenzie5
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May 03, 2018, 11:15:07 PM |
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The crypto currencies can be used as a parallel to the official currency like in Japan how they are operating both together. The people of the country is getting the awareness to the merits and the DE-merits of the new coin. Later they will realize that the new currency can be useful both inside and outside the country .So naturally they will prefer the second one for the regular use both in and outside the country . In such a way the physical money can be replaced by crypto currency.
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