Bitcoin and Fiat - this is how I see the future

[Dudeperfect]

Well, not everyone is concerned about the taxation point of view when it comes to the cryptocurrency but the interest lies in the fundamental philosophy of both the payment systems. Even crypto users are willing to pay tax according to the law but they are concerned about the control and manipulation of their wealth by any third party including the government. Since crypto is based on blockchain technology which relies on the principle of decentralization, we have the option to control our funds without overlapping any law.

[Jingjess]

Yes, Fiat will not be totally removed by it will decrease in its operation little by little because blockchain technology will be very busy that time. So crypto /Bitcoin will reign as future money.

[Ucy]

Have you even considered the disadvantages? Don't get carried away too easily ... too much power to the government will only attract  power hungry people. People need to learn from history.
 Governments have too much unchecked powers already. They are run by complete strangers you know nothing about but you think you know very well.

I guess too much news is making us so dumb. Maybe less News especially from deceptive media will bring common sense back to Societies.

[lebronLALK]

Governments will create their own cryptocurrency, which will be easier to control and manage than using today's crypto coins.

[hastag_80]

At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.

So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.

Actualy having an vision or prediction on our own idea especially into  the world of cryptocurrency are great,but talking only the bitcoin and fiat that would remain in the future  and would survive are very long story,because altcoins now are also popular in terms of exchanging currency,especialy those coins thats contains erc20 like etherium.

[awik p]

At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.

So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.

Actualy having an vision or prediction on our own idea especially into  the world of cryptocurrency are great,but talking only the bitcoin and fiat that would remain in the future  and would survive are very long story,because altcoins now are also popular in terms of exchanging currency,especialy those coins thats contains erc20 like etherium.

although ethereum is currently experiencing a drastic decline, many people still believe it. and is still widely used to exchange every ico project. whereas fiat, i think it will still be the main exchange tool, is still very long to be replaced

[fivejonnyfive]

I would not miss cash, I am more likely a digital orientated person. But yes, cryptocurrencies would take out control of the hand of governments, which surely they would not support.

[saramellisa]

This is one of the motivation behind why a few governments are against digital currency as they don't know how they can profits by it as they can't impose the exchanges that is being made. This consequently denies degenerate government authorities to control the advantages of the general population of their nation instead of fiat uniquely if the clients of digital money won't cover regulatory expenses themselves.

[newbie-hero]

I would not miss cash, I am more likely a digital orientated person. But yes, cryptocurrencies would take out control of the hand of governments, which surely they would not support.

I will not have this choice as I am working with the cryptocurrencies but I will not have to refuse from traditional money. I think the mankind will always use both of this money forms. I will not do it either.

[Kusnechik]

It is in full possible that these two types of means of payment will exist in parallel and perform different functions.

[KGBx]

It is not only about control and tracability, but it is also about convenience, crypto is not stable at the moment and that's why it cannot be used as a main asset.

[Topcarey]

I would not miss cash, I am more likely a digital orientated person. But yes, cryptocurrencies would take out control of the hand of governments, which surely they would not support.

I think that fiat will continue for long time while paper currency will be replaced by cryptocurrency because crypto is not centralized and fiat is owned by government and small entrepreneurs will use fiat for their transaction. But most of the people will use digital currency in the future, because it has more features and easy to use than fiat currency

[tanxpresisit514]

Yes, Fiat will not be totally removed by it will decrease in its operation little by little because blockchain technology will be very busy that time. So crypto /Bitcoin will reign as future money.

In my opinion, bitcoin will not replace fiat money, but in line with what is needed. Because fiat money is issued by the central banks of each country, while bitcoin does not print and nobody controls. Bitcoin is digital money and applies throughout the world, where the system is decentralized and peer to peer.

[Farma]

I would not miss cash, I am more likely a digital orientated person. But yes, cryptocurrencies would take out control of the hand of governments, which surely they would not support.

I will not have this choice as I am working with the cryptocurrencies but I will not have to refuse from traditional money. I think the mankind will always use both of this money forms. I will not do it either.

I think most crypto users are like that. Fiat and Bitcoin will never be separated, because both things support each other. well, basically the development of bitcoin is also based on the support of people who use fiat.

[roorgelak]

Thats a good thought about the bitcoin and fiat tie up but there are again few more questions that arises. I mean why government will choose bitcoin for this purpose and why they cant just go and rule out the cash itself? So that by declaring that they will be using only digital forms of payments ? They can always do that and same thing is happening in country like India. Where to stop the money laundering they literally changed the currencies throughout the country and declared that use of digital payment will be rewarded. The results were pretty good and I guess its worth to think that government can control it the way they want.

I can see my future in bitcoin and flat . The rrason why I am motivated in working hard is the bitcoin and flat . I want to earn a lot of it so that I an afford my future wants.

Fiat his its own value and cryptocurrency has its own, but I think most of the people will prefer cryptocurrency because while holding crypto you can also make money and in the future the price will go up due the huge investment capital and then having bitcoin will benefit you. On the other hand fiat is only use for transactions and not general use in local markets.

[Altf4]

If in the future maybe there are places that are not supply with internet access or maybe it will be supplied that is the question, so if bitcoin will be accepted and used worldwide and there are places with no supply of internet access so the fiat currency will still be used along with bitcoin currency but as usual they are not of the same value but this two currency will go together , the bitcoin in the digital and fiat in the physical form, that could be the future.

[paulk11087]

Bitcoin will replace the fiat money someday. I don't think it's a force to stop it. Many people make amazing investments in these projects. I think it is not possible for such a large market to fail.

[Kolder]

Bitcoin will replace the fiat money someday. I don't think it's a force to stop it. Many people make amazing investments in these projects. I think it is not possible for such a large market to fail.

Both will play a big part in economic growth, Fiat will still be needed since we are all used in using it as well its the most particular means of transaction, however as time improves into a much advance era, bitcoin will be much used by millennials.

[rasp]

At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.

So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.

Even though you can trade anonymously with bitcoin the government can always ask you about the source of your wealth.
Some institutions are even demanding the proof of transactions before one wants to buy a home, for example.
Their logic sounds like "isn't it weird that a homeless rapidly got so much money allowing him to buy real estate?".
So complete independence from the state is impossible, even with crypto.

[St4yInTh3D4rk]

At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.

So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.

But the problem with the digital money and the crypto currencies is their advertisement when the money is converted into digital then it was exposed to all the world's people in no matter of time by the company who is doing the transaction but when the bitcoin is decentralized it has been struggling to convince what is bitcoin and blockchain.