jhonycrypto (OP)
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April 06, 2018, 12:42:14 PM |
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Hi guys is there any chances bitcoin will replace fiat currency.
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TwSeventh
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April 07, 2018, 09:24:30 PM |
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No No No, Bitcoin will be our future but it will not replace fiat. why ? if it want to be a real money in our life aka fiat,it should have physical form. because it will be used as a form for transaction, it's totally different if we are using it for our transaction accross the network(digital) because it does not need a physical form.
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entemeister
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April 07, 2018, 09:26:42 PM |
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Bitcoin is not backed nor controlled by any government or financial institution so the answer is no. Anyway, the goal of bitcoin is not to replace fiat currency but become an alternative and free method of payment.
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hermanjones18
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April 08, 2018, 06:00:26 AM |
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Fiat currency is the oldest means of exchange and it is very important because there're people who hardly can understand the internet procedures. So, fiat currency is easier for them to transact. Moreover, Bitcoin is much more advanced than this. So, I don't think bitcoin would be able to replace fiat currency.
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limmousine
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April 08, 2018, 06:05:26 AM |
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Hi guys is there any chances bitcoin will replace fiat currency.
I think bitcoin was created not to replace fiat currency. Digital currencies and fiat currencies are very different, they have their own utility and mutual benefit. I wonder what makes you think about this?
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mpufatzis
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April 08, 2018, 10:27:01 AM |
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Well, generally I believe this is not possible because the governments wish to exercise control of their currency, so, it cannot happen with cryptos and even more with the centralized ones. However, my opinion is that it might happen in the future, especially when we speak about countries which support tax evasion called 'tax haven' to use one of them as main currency. So they would probably let crypto owners to use their bank system, anonymously and untraceable to avoid taxation. Hi guys is there any chances bitcoin will replace fiat currency.
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coinlocket$
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April 08, 2018, 11:01:21 AM Last edit: April 08, 2018, 11:12:40 AM by coinlocket$ |
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I don't think so, is possible they can coexist but older people have problem to new things and expecially with new tecnology, so I really don't think that crypto will replace fiat
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traderethereum
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April 08, 2018, 11:38:36 AM |
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I am not sure about this because we know not all countries are accepting bitcoin as a new currency and I think it will need more years to see this will happen. but this could be possible to happen in the future if the government from each country have agreements about the digital currency and they will accept cryptocurrency as a new currency. and meanwhile, I think we can use bitcoin like what we do now and if this is happening in the future, we are ready to join in the future.
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shakil9696
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April 08, 2018, 11:39:55 AM |
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Digital currencies and fiat currencies are very different
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batang_bitcoin
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April 08, 2018, 11:40:26 AM |
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This has been asked many times but its not going to replace fiat. Government loves fiat. Government that supports bitcoin still will not allow this to happen. They aren' going to let this happen since bitcoin is volatile and decentralized.
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Rent this sig space so that BTC goes to $100k.
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BigBoy89
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April 08, 2018, 11:47:38 AM |
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I would say: Not a chance! First the banks and governments will never let it happen unless they control it. Second the whole crypto world is so small compare to the world economy, that we are really just a drop in the see.
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pey
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April 08, 2018, 11:59:11 AM |
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It does not need to replace fiat currency, but as a digital decentralized currency, since it is decentralized, I think it has high chance of being world currency, the important thing is decentralization.
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BogdanGFTP
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April 08, 2018, 12:16:08 PM |
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There is not any chances for that. Bitcoin is a good thing for illegal payments
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markers
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April 08, 2018, 12:27:37 PM |
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In my opinion, it will not happen. However, there is real perspective that Bitcoin will become an alternative to other types of money, i.e. fiat, crypto, etc. will exist simultaneously and compete with each other.
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stasiulman
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April 08, 2018, 01:05:52 PM |
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The decentralized nature of Bitcoin is seen as its main advantage over fiat currencies. Bitcoin holders have full control over their finances, with encryption and automation, which are constantly being improved. More and more online stores and large companies are moving towards making Bitcoin payments, and customers are using more transparency and discounts. In general, it is not yet possible to say for sure that cryptocurrency can replace a fiat currency, but in many countries Bitcoin has long been a non-currency-non-grata. Therefore, there are prerequisites.
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WalkerIVIV
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April 08, 2018, 01:08:26 PM |
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I don't think so, is possible they can coexist but older people have problem to new things and expecially with new tecnology, so I really don't think that crypto will replace fiat
The majority of regulators and governements said crypto is not suitable to replace the fiat currency or become the primary currency. As said by so many regulators if crypto will be more suitable to become the commodity to store our value. It looks impossible for crypto to replace fiat currency i meant about bitcoin.
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Dmcuibap
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April 08, 2018, 01:11:01 PM |
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True is cant impossible. Im sure with Bitcoin cant replace fiat currency, Bitcoin price up and down very recently and for high volume trading for seller with lost much because dump price on exchanges. Bitcoin have slow transactions comfirmation and high tx fees
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Suslived
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April 08, 2018, 01:13:49 PM |
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This is a pretty shit topic that does not probably draw out any important question. Anyone can f-ing answer that question, of course it's YES, bitcoin and ALTCOINS (this is the altcoin section) is even replacing fiat currency as of the moment.
The better question would be is WHEN will cryptocurrencies replace fiat currencies.
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shams
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April 08, 2018, 01:14:28 PM |
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Yes as bitcoin is growing and getting fame around the world I am sure after sometime bitcoin will be accepted as a normal currency around the world and people will start to use it like a normal currency.
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bamboylee
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April 08, 2018, 01:18:02 PM |
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I think there is a high chance that it will be like how credit cards are used today. It can be used on large numbers of merchants and will be normal to use, someday. But I do not think it will ever replace fiat. Governments will not allow it, at the very least. And the ease of use of fiat is there.
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