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Author Topic: Cryptocurrency Will Kill Cash ? Is this True  (Read 4431 times)
Msile
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September 10, 2018, 11:59:32 AM
 #821

Not very likely, what will kill cash is the fact that it is no longer a very effective method of payment. With more and more technological advancements in the world, there will be a growing need for everything to be done online. For everything to be faster and more effective, to be able to send money to anyone anywhere in the world in just a matter of seconds and that is what makes crypto better
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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dimonarka
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September 10, 2018, 12:35:05 PM
 #822

I think it's true! Crypto currency is a unique currency, which has a number of huge advantages and opportunities. This is something new and I hope that soon it will become popular all over the world and many countries will accept this currency
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September 10, 2018, 12:37:43 PM
 #823

i think it won't kill the other currencies completely, it's just they will reform the current payment system
gabagandalf
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September 10, 2018, 12:47:55 PM
 #824

i can't imagine that crypto will really manage to displace normal money. so far credit cards haven't managed it either and that's why i think that normal money will hold up.
Ashong Salonga
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September 10, 2018, 12:57:54 PM
 #825

The fact that all over the world it would lead to confusion is 99%. People of the old generation unwillingly would accept all this and probably would come to meetings.

Cryptocurrency will not kill cash it is possible to happen but the goverment will not let cryptocurrency will replace cash or physical money, cryptocurrency is trending now but it doesnt mean that alot of people will show there full support with cryptocurrency.

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necromastery
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September 10, 2018, 01:04:42 PM
 #826

For everything to be faster and more effective, to be able to send money to anyone anywhere in the world in just a matter of seconds and that is what makes crypto better
If based in faster and effective, cash already in the category. Even from long ago cash payment already support in many device. I have see what makes crypto better is easy to use with cheap fees. Also to become anonymous in using it, is one that makes people interested.
martinford14
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September 10, 2018, 01:05:16 PM
 #827

Its got the potential to but not done that well so far, still a lot of improvements needed if thats ever going to happen.
pochinkin_77
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September 10, 2018, 01:05:31 PM
 #828

Many Say Cryptocurrency Will Kill  Fiat Currency and Creating FUD all around the Internet, According to me if this statement is correct then CR.CARD Dr, Card has done this Long back, Cryptocurrency will be used by Smart people in future and many businesses will opt this for fast transaction

It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.

Whats your view about this
well maybe some day something like this is going to happen but not soon i think that cards are going to kill cash at first
bixorastexante
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September 10, 2018, 01:05:56 PM
 #829

Why crypto even should kill cash? Why cash and crypto can't exist both? I think there will be people who still will use cash and there will be people who will use cryptos. And it's ok.
pochinkin_77
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September 10, 2018, 01:06:21 PM
 #830

Its got the potential to but not done that well so far, still a lot of improvements needed if thats ever going to happen.
of course and that is why i do jot think it is going to happen quiye soon or soemthing like that but cash is going to die anyway
Bitdressa
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September 10, 2018, 01:07:58 PM
 #831

not only as long as we still have exchange rates in each country that is still using cash as a daily exchange, which can not be abandoned by the habits of the old people who still use cash
vuthuanhai1990
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September 10, 2018, 01:09:03 PM
 #832

I do not agree with you about that. I think electronic money and cash will grow in parallel and support each other. Because electronic money is faster than cash but not safe in cash. Personally I still prefer to use cash
smyslov
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September 10, 2018, 01:12:15 PM
 #833

Many Say Cryptocurrency Will Kill  Fiat Currency and Creating FUD all around the Internet, According to me if this statement is correct then CR.CARD Dr, Card has done this Long back, Cryptocurrency will be used by Smart people in future and many businesses will opt this for fast transaction

It's not easy to kill cash because still many people don't know and understand cryptocurrency and they will keep using Cash.

Whats your view about this

I agree with your post, we cannot totally wipe out fiat, there will always be people and country that will not accept Cryptocurrency and not all country are as democratic as all the people that accept cryptocurrency, so let they use cash it's none of our business, just as they let us use cryptocurrency.
ernoo
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September 11, 2018, 03:10:00 PM
 #834

There are, and always will be people, who are not very smart, and only unerstand how cash work. For that, it is hard to eliminate it.
ocid
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September 12, 2018, 03:24:53 PM
 #835

I am not sure if cryptocurrency is able to kill cash, even though until now cryptocurrency has been widely known by the public, cash will remain the hallmark of currencies for every country
sebastianweyer655@gmail.c
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September 12, 2018, 03:31:40 PM
 #836

It could do but it certainly won't the way it is now, lots of improvements needed for it to over take cash.
settingwake
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September 12, 2018, 03:33:26 PM
 #837

i think it's almost impossible to kill cash, an offline payment method is really needed and won't disappear
rmapower
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September 12, 2018, 03:43:36 PM
 #838

We should be right to understand that this cash and crypto is a completely different currency. I think Cryptocurrency is the money of the future, it will be more effective. Crypto can kill money but it may take a long time.
senin
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September 12, 2018, 03:57:27 PM
 #839

The statement that the crypto currency can kill cash is not true. Crypto currency can only squeeze a little cash, but they can not cause any harm. She will walk only along with cash. No government will allow the replacement of its national money with "no-man's" virtual money of such great value, which is not provided with anything, with such great volatility and most importantly, that can not be controlled.
Therefore, cash does not threaten anything yet.
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September 12, 2018, 04:26:36 PM
 #840

I think even if/when crypto becomes a popular thing which is used by all people, cash still will exist. I don't even know what it probably takes to kill cash. People have been using it for a very long time and crypto is not here for replacing it but for complementing it.

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