Ch01ce0N3 (OP)
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June 05, 2018, 02:33:23 AM |
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Lately, as the development of the world's cryptocurrency, many people in certain countries after hearing the news that cryptocurrency is very attractive to be used as a tool of transactions and investments, making people who hear the news want to quickly switch to the currency crryptocurrency is when in their country eyes the money is still considered and illegal. The question is, why are those people more interested in cryptocurrency when their country already has official Flat currency and why also the government forbids the cryptocurrency? In my opinion, it would be great if the two currencies are combined only. Of course the result will be very good. Well, what do you think?
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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surfinonmyownwavebaby
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June 05, 2018, 02:48:35 AM |
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Of course it would be good if FIAT and crypto could get along but those worlds are opposed in nature. The reason they are interested in crypto could be varied but it is likely to free themselves from the fiat system as it currently stands.
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mk4
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June 05, 2018, 02:54:17 AM |
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Both bitcoin and fiat can co-exist. Fiat doesn't need to die for bitcoin to be useful.
Though I don't think you can actually "combine" bitcoin and fiat(actually kinda impossible), due to both being very conflicting to each other(obviously).
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Ch01ce0N3 (OP)
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June 05, 2018, 02:54:51 AM |
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Yes, I think the same about you. Bitcoin and Flat currencies if combined can make the economy increase. Perhaps, the world's economists in a country, have other considerations of course. Yes, yes, yes, it could be so. he.
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Pursuer
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June 05, 2018, 05:25:23 AM |
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Lately, as the development of the world's cryptocurrency, many people in certain countries after hearing the news that cryptocurrency is very attractive to be used as a tool of transactions and investments,
so far only bitcoin has been a currency and a "tool for transactions". the rest are purely treated as investments. making people who hear the news want to quickly switch to the currency crryptocurrency is
not really. last year we had a lot of hype and that meant many people heard about cryptocurrencies but t hat doesn't mean they rushed to invest in them. some of them did but many stayed away because they are still afraid of them for good reasons. and many only invested in bitcoin not others. when in their country eyes the money is still considered and illegal.
wrong. bitcoin and by extension the rest are legal in majority of the world. in fact it is only "illegal" in less than 5% of the world. The question is, why are those people more interested in cryptocurrency when their country already has official Flat currency and why also the government forbids the cryptocurrency? In my opinion, it would be great if the two currencies are combined only. Of course the result will be very good. Well, what do you think?
as I said they are not illegal and also people aren't using them as currencies, they are using them as investment, conversely as some illusion of becoming rich if they buy X and Y. |
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xuan87
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June 05, 2018, 05:29:15 AM |
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Many people interested in crypto because the value for investment, not many people too fond of crypto because of its volatility, if it want to be combined it need to be regulated, because if too many people used crypto and the government not set any regulation then it can caused inflation and tax evasion, which will bad for the country
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indodaks
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June 05, 2018, 05:35:20 AM |
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What makes people interested in bitcoin is its high price and the price can change drastically in just a moment, it will make them gain many benefits from bitcoin investing. Bitcoin is prohibited by the government because in bitcoin there is no institution that shelter it, so no party is responsible for the existence of bitcoin.
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farhiamunni
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June 08, 2018, 06:17:18 AM |
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It would be great if flat money and cryptocurrency could get along with each other. Many people in certain countries are becoming very much interested to use cryptocurrency as a tool for investment and transactions as it is found very attractive for them. So it would be great if both the currencies are combined together. Hopefully it will provide a great result.
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bitfocus
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June 08, 2018, 06:28:58 AM |
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They can co-exist together but eventually, Bitcoin will take over the fiat as world economy goes crypto.
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coincruncher1982
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June 08, 2018, 06:30:36 AM |
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You could even create a cryptocurrency pegged to fiat currency like Tether is. Also guys it is FIAT currency not FLAT currency.
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poldanmig
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June 08, 2018, 06:54:32 AM |
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Lately, as the development of the world's cryptocurrency, many people in certain countries after hearing the news that cryptocurrency is very attractive to be used as a tool of transactions and investments, making people who hear the news want to quickly switch to the currency crryptocurrency is when in their country eyes the money is still considered and illegal. The question is, why are those people more interested in cryptocurrency when their country already has official Flat currency and why also the government forbids the cryptocurrency? In my opinion, it would be great if the two currencies are combined only. Of course the result will be very good. Well, what do you think?
combined with local currency I think it takes time and a long and complicated process whereas in my country bitcoin is prohibited by government for direct buying and selling transactions whether it is possible to combine |
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Tankdestroyer
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June 08, 2018, 07:45:01 AM |
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Well, what do you think?
I think Bitcoin in fiat can coexist but for it to happen, countries around the world needs to legalize it and bitcoin needs to be accepted widely as payment first and not as a mere "speculative tool". If bitcoin were to continue being a speculative tool for most of us and if the blockchain of bitcoin cannot handle 30X the volume it can handle now smoothly, i am sure that it will be dethroned by a better cryptocurrency in the far future. |
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qwertyup23
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June 08, 2018, 08:15:34 AM |
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Of course it would be good if FIAT and crypto could get along but those worlds are opposed in nature. The reason they are interested in crypto could be varied but it is likely to free themselves from the fiat system as it currently stands.
That would be the ideal situation but fiat and cryptocurrency would be compatible with each other. Currently, some countries view bitcoin as an alternative payment to their services/products and you also have the option to convert your bitcoins to fiat. Depending upon the government situation, bitcoin and fiat may be possible utilized but it will create a conundrum between the two forces as they may conflict and cause further conflicts in the transaction aspect. I believe that once bitcoin has been legalized, it will eventually become a currency that will be existing electronically- which will ultimately eliminate the purpose of peer-to-peer transactions. |
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cryptoroi
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June 08, 2018, 09:17:21 AM |
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Combining Bit coin and Fiat currency is quite impossible. Fiat currency is under regulation on the other hand there is no regulation on bitcoin. If those two are combined it brings many benefits for crypto market.
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Periodik
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June 08, 2018, 09:25:01 AM |
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I think so. Right now, we are actually combining the two. There are certain transactions that impossible to happen with Bitcoin. Included in these kinds of transactions are those that involve areas beyond the reach of the internet. Only the fiat currency could be used in this. There are also areas where electricity has yet to reach. We cannot use Bitcoin in these areas as well so fiat will be the only way.
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khoipm
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June 08, 2018, 09:42:00 AM |
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In some countries, they have not introduced laws and regulations for Bitcoin advertising, which led to the ban. They fear tax evasion as well as money laundering with Bitcoin.  |
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shkwarka333
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June 08, 2018, 09:57:10 AM |
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I doubt that it is possible to combine two currencies - digital and Fiat. They compete with each other and the Union is contrary to many rules.
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Informedd
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June 08, 2018, 10:20:24 AM |
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In terms of flatness, it has enough factors, according to this one just in time to accept it by everyone
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Boldmaxx
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June 08, 2018, 10:43:32 AM |
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Yes, it is possible to combine both as is it already happening in some countries that have legalized the use of cryptocurrency. Some online retail store are already accepting payment through cryptocurrency (mostly bitcoin in this case) and many more will join the train as time goes. Some of those that are yet to legalize its use are mostly concerned either about its abuse such as use for money laundering and the likes.
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Red-Apple
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June 08, 2018, 11:09:00 AM |
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switch to the currency crryptocurrency is when in their country eyes the money is still considered and illegal. The question is, why are those people more interested in cryptocurrency when their country already has official Flat currency and why also the government forbids the cryptocurrency?
what are you even talking about here?!!! the countries that have banned cryptocurrencies are rare. it islike 192 countries that consider bitcoin legal either as a commodity or a currency and 3 countries that have banned bitcoin!!! why people choose bitcoin you ask? because bitcoin is the only decentralized currency, because it has a lot of potential of growth and getting in now means being early adopter,... |
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