Combining Bitcoin and flat currency, is it possible?

[Al-e_x]

a good idea, but crypto and fiat currencies will run on every its track, and can not be combined between fiat currencies with crypto. and that's not possible. one of the reasons the government bans bitcoin, because bitcoin is a threat that can make the stability of fiat disturbed.

but I think both can be used as a transaction tool, and the bank can accept blockchain, because the reality, of crypto will make a country's economy become stable, like Venezuela country.

[Baimovic]

that's not possible, crypto using blockchain and fiat does not use blockchain. Crypto decentralized and fiat centralized, both are different, but can be used as a means of payment.

it's just different about the system, and fiat will lose if it can not innovate the system.

the government is worried if crypto legalized, then the crime rate will be high, because using crypto for criminal will be difficult to be tracked. so some countries choose to ban crypto.

but, it all can be overcome if a country makes a clear regulation about crypto.

[ladydark]

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?

People are already fed up by using the centralised fiat currency.So they are eager to use the newly invented crypto currency.As far as governments are concerned,they fear that allowing cryptos might make their fiat currency value to fall.Also they find it difficult to trace the crypto transactions.

[pocket_lck]

I think it's better that the fiat and cryptocurrency currencies can be combined, and indeed people like crypto because they can avoid taxes and the government is afraid of losing taxes.

[dimastegar]

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?

Indirectly, both have been combined.
Because there will be no Bitcoin that becomes Fiat, if there is no combination and cooperation from humans. Like someone who sells Bitcoin to USD and draws USD to their ATM.

[PM.coins]

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

I think it possible and we only need regulation from the government.It aims at avoiding conflict between these.two different currencies.These can take the same function and support each other. Also  fiat money crypto can promote economy of the country.

[eaLiTy]

Makes absolutely no sense to me that anyone would want fiat to be integrated into the bitcoin system. Not only is that pretty much impossible to do (since how are you going to integrate a centralized currency into a decentralized one?), it is also bad for bitcoin, as it would mean that it has ties with fiat and isn't an independently decentralized currency anymore.

Have you not heard about USD and bitcoin pairing or any fiat currency pairing being listed in exchanges, you really do not need to do anything else to pair these currencies together and it is not bad for bitcoin as people usually invest in bitcoin with their fiat currencies as they do not have the power to create wealth from vacuum.

 

These are the two main reasons why people still use bitcoin, instead of fiat. The most unattractive trait of fiat currency is that it goes down in value over time. Bitcoin is a hedge against that, so even though fiats are still readily available to be used, some people will simply diversify their wealth into bitcoin. There is nothing wrong with that whatsoever.

If you look at the stats only a small percentage is using bitcoin, the strength of a fiat currency depends upon the financial structure of a country and if they  have a solid infrastructure and good economic policies it will not depreciate in value over time, people like to diversify their wealth in every investment platform and we are yet to see institutional investments coming into this market and when that happens the price would rally to more than a trillion dollar valuation.

[gilangIDR]

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.

If in combination this will indeed be a very good system. With the various advantages possessed by each then we will be able to use a much better financial system. Fiat and crypto will become a very varied system and can improve the financial system in the world today.

[jcarlo]

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?

Peoples more put trust on bitcoin because bitcoin have transparant transaction and almost unhacked. Maybe combining bitcoin and fiat currency can happen but government should issuing regulation first

[Dudeperfect]

Well, even if the government is launching its own cryptocurrency I am sure that government will never share the control with anyone else including the users so it doesn't make any sense to me to call it a real blockchain based decentralized currency as the users won't have the control on it. On the other hand,  users are able to control their funds in the case of decentralized cryptocurrencies.

[Sean25pogi]

I think it is impossible to happen because not all laws in will support that activity since it can cause a big trouble in future and not all countries are applicable to this combination of two currencies.