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Author Topic: Crypto VS national currency  (Read 2951 times)
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June 06, 2018, 11:33:59 PM
 #581

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.

Probably...

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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fidelium1
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June 06, 2018, 11:34:58 PM
 #582

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 is very possible that cryptocurrency will one day replace fiat currency, take a look at countries like Venezuela and Bolivia, Cryptocurrency is so much in use that some traders prefers payment in crypto over their fiat currency. Certainly, the world will come to accept cryptocurrency, but ehat i don't know is when.
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June 06, 2018, 11:56:09 PM
 #583

Most lay people have no knowledge of the world of crypto, they tend to think of bitcoin as a trend they should follow. While this is good for bitcoin deployment, it also has a bad effect on bitcoin as more and more ordinary people use bitcoin to pay for their needs, this will have an impact on stable coin prices and most people will be disappointed to have hoarded coins.
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June 07, 2018, 12:03:08 AM
 #584

To compare crypto currencies and fiat is very hard because it will never that FIAT will gone in the future. Crypto currencies will become optional like credit card you have your choice if what you to use to pay for your bills.

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June 07, 2018, 01:07:48 AM
 #585

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.
the possibility is very truth because cryptocurrency will be money of rich people like miners it is untachable object but buy a things and food i think in 2023 many people use that currency.
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June 07, 2018, 01:54:41 AM
 #586

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.
Cryptography has become the battlefield of the world's foremost mathematicians and computer scientists. The ability to securely store and transmit sensitive information has proved to be a critical success factor in the war and business. The national currency has long been used to trade goods
crazymelons12
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June 07, 2018, 02:15:20 AM
 #587

Well it could happen but on two possible events. One laughs because sellers used bitcoin instead of the real currency and the other laughs because the seller didn't really know what is it or does not used it. Possibilities are good yet I would say it is 50/50 depending on where you are actually buying. There are countries that are not so developed yet like the thirs world countries and 2023 is yet too early to predict these ideas while on the other hand other countries may have made bitcoin as a currency equivalent to fiat.
Lx2018
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June 07, 2018, 02:52:38 AM
 #588

Numerous individuals everywhere throughout the world don't utilize the web. To supplant the national money or nearby cash by digital money Internet utilize is the must. Next, to this numerous individuals are not presented with BTC or crypto.
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June 07, 2018, 02:58:57 AM
 #589

In my opinion, Crypto Money might be able to replace the national money.
The reason many support Crypto is more secure to use and difficult to forge, transactions become easier and faster.
But in the process of turning to Crypto money will certainly take a long time and a good strategy of the government in a country.
The government must prepare mobilization for the replacement of this money.
Yet we year in many countries that do not allow the use of Crypto money.
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June 07, 2018, 03:29:25 AM
 #590

To replace the currency completely I think it is impossible, because between the bitcoin currency and the national money have their own position, and not all the world's population can access the bitcoin and especially the inland.

I don’t also think that cryptocurrencies might be able to replace national currency completely. Cryptocurrencies are still developing and needs  more thorough research unlike national currency that have been using by people  for so many years.

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June 07, 2018, 03:45:22 AM
 #591

You never know and now we can just say our predictions. But I don’t think it will be as soon as in 2020. And now transaction fee is too high to pay for such small price purchase, like coffee. And there are still a lot of countries, which are not so well-developed, so cash still will be in use.
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June 07, 2018, 03:53:48 AM
 #592

I think that the national currency will always be more in demand than the international crypto currency, because within each country its own rules and regulations
nurbay
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June 07, 2018, 03:54:27 AM
 #593

I think Bitcoin cannot replace the national money.
National money is money which is regulated by state regulations and authorized by the head of state.
While Bitcoin is an intangible digital currency, it will be difficult to happen if Bitcoin replaces the national money.
I think it will take a very long time and get approval from all government agencies.
I think National money will be used anytime and Bitcoin will only be a currency interlude of national money.
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June 07, 2018, 03:54:56 AM
 #594

Crypto does have the potential to be used as a means of payment, some of which even have functioned so. But if crypto can not be controlled by the government and can not merge with the system of government, automatically the government will fight crypto. The Government will continue to support and defend the national currency as a system of financial control and the state's economy. Thus the possibility for crypto to replace the national currency is very small.
asda32
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June 07, 2018, 03:56:59 AM
 #595

this is only a joke,
But in the future, Bitcoin may be full of our life.
Bitcoin transactions are supported in many places. This is what we want.
sumit2103
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June 07, 2018, 03:59:27 AM
 #596

Due to a huge fluctuation in the price bitcoin will never be able to replace the national currency. Right now it is in struggling stage and fighting for it's legal status. Most of the countries have not given their acceptance to bitcoin they how it is possible that it will be national currency one day.
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June 07, 2018, 04:00:47 AM
 #597

Although some companies are already using btc as mode of payment, I still don't think cryptocurrency can replace national currency. Cryptocurrencies are decentralized and unregulated, which makes it more difficult to handle than fiat currency.
soodungg26
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June 07, 2018, 04:15:01 AM
 #598

That will be an awesome experience for the crypto family. It is possible for this to happen based on the popularity and massive adoption of the cryptocurrency by business people. Once any of these large online outlet like Alibaba and Amazon adopts and  accepts crypto. 
guppak
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June 07, 2018, 04:49:51 AM
 #599

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.

If we look at comments like this then it can be guessed that this is a comment or news from lovers of cryptocurrencies. We must not forget at the same time there are also give and comments that are unfavorable cryptocurrencies.
I think this is just between two parties (support vs. reject).
Cryptocurrencies and National Currency, in my opinion, there is no need to replace and replace. Cryptocurrencies and national currencies must be formed into one mutually supportive economic ecosystem.
aryadiningrat123
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June 07, 2018, 05:03:32 AM
 #600

Yes I agree with you hopefully the crypto currency will be the national currency in all countries Tatapi maybe it takes a long time
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