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Author Topic: Crypto VS national currency  (Read 2805 times)
Sexteh
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June 26, 2018, 01:39:03 PM
 #861

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.
Maybe in the future, fiat currencies will be replaced by cryptocurrencies. Cryptocurrencies will be the future currency in the near future.
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June 26, 2018, 01:41:09 PM
 #862

DUDE. This is the catch, fiat cannot be destroyed by bitcoin or cryptocurrency itself. That's the mere fact and I don't think that they can do it. Government is the personalities behind the fiat.
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June 27, 2018, 11:10:19 AM
 #863

Well, I think it can be real only in a big period of time, not in 5 years. Yes, crypto becomes to be popular,  but not so quickly you will by coffee with bitcoin. And I think national currency will be actual many and many years.

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Spontebob
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June 27, 2018, 01:20:29 PM
 #864

No practically it seems not possible to happen.Not all the people would accept decentralised cryptos as their primary currencies.

I think it is impossible to replace fiat for bitcoin. Bitcoin is unstable and that will be too risky to replace fiat.
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June 27, 2018, 01:47:47 PM
 #865

It sounds nice and crypto has huge advantages against fiat money. But usually we use crypto in virtual world. We order something in the internet, transfer money, because we don’t want to loose our money, pay too high transfer fee, we want to make our money safe. But when we are talking about buying a glass of coffee, you pay with cash because it is the easiest way and I am sure it won’t change in near future. Crypto is about something huge and important, we wont use it buying candies in the shop.

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June 27, 2018, 02:08:55 PM
 #866

I think crypto can not replace the national currency. Not everyone knows crypto and want to use it. In my country, the government can not control the crypto so they do not accept it.
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June 27, 2018, 02:14:06 PM
 #867

I think that it can be possible but in order for it to become possible we need to experience something huge like another financial crisis which will broke the balances of the world.
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June 27, 2018, 02:14:52 PM
 #868

I think that at the moment the national currency of any country is much more stable than the rate of the Crypto-currency, therefore it is stronger! It's too early to compare them!
Launce vich
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June 27, 2018, 02:23:19 PM
 #869

Actually crypto is electric currency and also called international currency. You will understand the level of international. Of-course the international currency bears a good advantage than the national currency. But on the contrary national currency goes very well in individual country.   
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June 28, 2018, 02:11:08 PM
 #870

https://www.ccn.com/switzerland-government-calls-for-study-on-state-cryptocurrency-e-franc/

it seems that Switzerland is studying the issue of a digital franc
TobyToby6000
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June 29, 2018, 09:22:17 AM
 #871

Bitcoin was created to be an option and not to replace any fiat currency or become the national currency.The national currency will maintain its existence for daily transactions in the real world and the crypto currency will make it easy to transact across countries quickly, safely, easily and cheaply.
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June 29, 2018, 09:27:33 AM
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I do not have confidence in the national currency, because it is easy to make, especially for my country. $ 1 = 23,000 VND. The currency depreciates gradually, the state prints continuously.
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June 29, 2018, 09:34:53 AM
 #873

I will prefer crypto because it provide more opportunity to succeed in life and this creadit is goes to the price fluctution through which you earn a good profit on it but the national currency did not provide this opportunity although you can invest it but can not give you more opportunity so i think bitcoin is better than national currency.
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June 29, 2018, 09:57:46 AM
 #874

In my opinion, the Crypto currency can not replace the national money for a number of reasons. If it really happens it will take a very long time to make it happen. Because the national money is a reflection of the state economy and comes with gold and foreign exchange reserves and aggregate gross domestic income . Crypto currency has no bond with certain circumstances at all and until now there are still many people who do not understand about technology and internet.
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June 29, 2018, 12:48:27 PM
 #875

Comparing currency with crypto money of two currencies but in terms of their value equally as can be exchanged or traded as well as store but in common sense the national currency is known by many and has used the money and crypto money is the opposite
harrylucky67
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June 30, 2018, 12:16:58 AM
 #876

Bitcoin is going to be very safe and fast.  Here technology is important to do it all.
Stioned1987
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June 30, 2018, 12:18:08 AM
 #877

we aren't a destiny reader who simply is aware of this will happen, I see cryptocurrency might be coupled with the countrywide currency within the destiny. so, anybody inside the international could be unfastened to trade along with his/her choice, they can pay via cryptocurrency and can also pay thru national currency, this is the future in step with my estimation.
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June 30, 2018, 07:37:08 AM
 #878

they can not follow the bitcoin revenue range because Much better in cryptocurrency because they are a company that is more reliable than the national currency even though they are also profitable business
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June 30, 2018, 12:21:36 PM
 #879

I think it would be a bit of a stretch to say that in 2023 people will scoff at the notion of someone not paying in or accepting Bitcoin as payment. Many people think that Bitcoin will never reach that level of use and saturation in the market.  Personally I would say that it seems much more likely that governments will be soon coming out with their own forms of  controllable digital currencies, rather than adopt decentralized option and attempt to regulate.

Nikifor25
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June 30, 2018, 12:54:11 PM
 #880

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 likely that Yes but it is not a fact. At any moment there can be the collapse of the ban or he just goes out of fashion.
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