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Author Topic: Crypto VS national currency  (Read 2953 times)
onecoin.bd
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May 14, 2018, 07:07:18 AM
 #101

I am agree with you.
Now people ar trust bitcoin as like national money.
There have opportunity to earn money from crypto currency. So, in my opinion it is possible to crypto currency replace national  money.
But it will need more time Wink
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cmacwiz
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May 14, 2018, 08:52:09 AM
 #102

I found this expression on the news channel about the crypto currency: "Anyone who will try  to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national  money?
I think that it's possible, but it will take more time.
It’s true that bitcoin and other cryptocurrencies have gained immense amount of popularity among the people since it has started and also has gained a lot of users throughout the world. This has lead to increase its demand but still I think national currency is better than bitcoin because firstly, it is way more popular than bitcoin and then it is accepted everywhere whereas bitcoin is not accepted everywhere.
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May 14, 2018, 09:55:13 AM
 #103

I think the national money will remain a popularity in the community. because it has been known earlier and has been used for longer than it is also the national currency is a legal means of payment issued by the state until whenever there will be no parties able to sue wholeness.sedangkan crypto money has no policy restrictions from the monetary authorities so that most of the community still hesitate to invest it
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May 14, 2018, 10:15:18 AM
 #104

Not the world replace, can we use ( enable to use ),in the near future crypto might be accepted in some  company jusy like on the example above the coffee. It has a change that crypto coins  is be acceptible as a way of payment for food , shopping and any types of bills. Hear in our country i heard a news that a restaurant is accepting btc to  be the payment for the food. So if webtaling about the national money i guess it still possible

kasemin
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May 14, 2018, 10:16:30 AM
 #105

I think it is impossible for any crypto to replace the national currency, fiat plays a very important role in the economy, it is one that balances inflation and deflation and the national currency needs to be concentrated so as not to be abused and controlled by the rich. people imagine that in the future there is a digital currency.
basyang
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May 14, 2018, 11:30:57 AM
 #106

I found this expression on the news channel about the crypto currency: "Anyone who will try  to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national  money?
I think that it's possible, but it will take more time.

Yes, It's surely takes time before the crypto currency replace the national money. And it will go through many processes and discussions between the government and the citizens before it become national money in the country.

For sure, many citizens are going to rally to shout out there voice against it, because they can not afford to buy a new gadgets, they can not follow the innovation of the technology, they are lack in learning this cryptocurreny and also the poor people will loath to do it because of the level of their status.

Fiat is very important and it is become part of our daily life and I know lots people will fight for their rights in economy and against the cryptocurrency to became national money.

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Dudeperfect
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May 14, 2018, 04:08:48 PM
 #107

Well, I believe that Bitcoin and crypto will gain a space as one of the major players in the fund transfer industry in the coming decade but as we all know that we don't have the high literacy rate when it comes to the technology and thus, not everyone would be able to use Bitcoin or crypto due to the lack of knowledge. There will be the people who will always prefer using fiat currencies irrespective of the benefits of using crypto.
brickafterbrickwalldpt
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May 14, 2018, 04:23:22 PM
 #108

Cryptocurrencies might be used in the future as national currencies, but it won't happen anytime soon. Cryptocurrencies are still a new piece of technology which needs to be researched more deeply. Cryptocurrencies are much faster and more secure than fiat so that's why people might actually to use them.

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hatun
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May 14, 2018, 04:27:58 PM
 #109

Crypto vs national currency there are some difference.National currency there is a boundaries to send and receive but in crypto there is no boundaries.You can send  your cryptocurrency which country you want.You will receive or send instantly without 3rd party.
SaShiRaJaVu
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May 14, 2018, 08:30:43 PM
 #110

I found this expression on the news channel about the crypto currency: "Anyone who will try  to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national  money?
Bitcoins is a disruptive technology and it will change everything we see now but i do not see bitcoin or any other digital currency replacing fiat currency, we will have a system where we have to choice to spend money and that is the most important thing and hopefully we will see the future of economics changing soon.
cloudproject
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May 14, 2018, 08:33:41 PM
 #111

well when crypto are more using in the most people in this world i think bitcoin still could survive in the long term of it but still need some long time for something like that

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May 14, 2018, 08:53:43 PM
 #112

If crypto is a national currency I think it might be with technological advances and it is possible that currency can be a vital thing for a country, with its own credibility can help to move a country's economy into good, but all it must be balanced with a proven system that minimizes the risk.
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May 14, 2018, 09:04:54 PM
 #113

Some experts recognize the crypto currency and an equivalent replacement of the national currency and the dollar, among other things. Therefore, even now we can safely say that the replacement process is under way. And once the main problem of the crypto currency is solved - liquidity, then there will be an abrupt increase in the use of crypto currency in the calculations.
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May 14, 2018, 09:08:36 PM
 #114

The use of bitcoins and altcoins as a payment form contradicts the law on national currency.
HiringYou
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May 14, 2018, 09:58:23 PM
 #115

No doubt bitcoin is getting popular these days and many countries are trying to be cashless but I don't think that any sort of cryptocurrency will be able to replace fiat money or the national currency of that particular country.Bitcoin provide it's users with many facilities such as fast anonymous transactions, profitable investments ,way to earn money but still it can't become a national currency of any country because it will not be able to gain that much of trust which a national currency has and government will not allow any such currency over which they have no control to be national currency of their respective country.
Sumo
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May 14, 2018, 10:35:47 PM
 #116

Perhaps someday the cryptocurrency will be able to completely replace real money, but it will happen very soon.
drukoz2
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May 14, 2018, 10:41:15 PM
 #117

It is unlikely that there will be a complete replacement of real money with cryptocurrency, since our world is very different, and not all countries are technologically advanced to the level that it is possible to introduce an electronic currency everywhere.
olegblinov86
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May 14, 2018, 11:00:38 PM
 #118

I think that in the future cryptocurrency will replace the usual money in most countries, but not completely. We have a lot of corners in the world where this cryptocurrency can not be implemented.

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pinoyden
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May 14, 2018, 11:09:39 PM
 #119

I think that in the future cryptocurrency will replace the usual money in most countries, but not completely. We have a lot of corners in the world where this cryptocurrency can not be implemented.

Before cryptocurrencies came out , there were other digital payments like paypal , payza , payooneer , etc and there were also credit cards and debit cards. These payment methods are much handy and more advance than a regular currency but until today , regular currencies are still the ones that we are currently using the most and they werent replace by any other forms or types of payment methods.

I believe Same thing can happen to the cryptocurrencies
. Cryptos cant also replace fiats even if we are on the future, infact we are already on the future and its been around 9 years ever since the first crypto ( which is bitcoin ) came out.
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May 14, 2018, 11:15:03 PM
 #120

I think that in the future cryptocurrency will replace the usual money in most countries, but not completely. We have a lot of corners in the world where this cryptocurrency can not be implemented.
I agree.There are really possibilities that cryptocurrency will be able to be used in some countries but not totally replacing the national currency.It would take a long time because most of the countries today are still investigating on bitcoin whether they will adopt it or totally banned it.

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