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Author Topic: Crypto replacing fiat?  (Read 6111 times)
yanesna3
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December 14, 2018, 07:23:31 PM
 #1061

I wonder how much time has to pass to introduce this idea to real life.

Tens years, my friend. However, IF even it happens, people will return soon to use traditional money as well. Simply cash is very convenient, and no Internet connection is required.

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December 15, 2018, 03:02:39 AM
 #1062

Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.   


As of now we Crypto currency are available to transact into fiat money but once crypto become primary use the fiat money will become gradually abolish and totally  ban once crypto replaced to fiat. I think all situation should be better life than the current situation now. like for example all strategy to do a livelihood   for generating income in current uses its very easy to do because we lnow already how it works, How much more if adopt it into Virtual digital crypto currency!, did you get my point?

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December 15, 2018, 03:28:09 AM
 #1063

I wonder how much time has to pass to introduce this idea to real life.

Tens years, my friend. However, IF even it happens, people will return soon to use traditional money as well. Simply cash is very convenient, and no Internet connection is required.
indeed no one knows for sure about it, whether it happens or not later. but as a bitcoiner, of course, we must be optimistic that this happens, because with that we will become rich people

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December 15, 2018, 05:43:08 AM
 #1064

in my opinion to replace the fiat currency is not possible because the legality of the crypto currency is not recognized by all countries in this world and they still believe in the fiat currency of course
although that is possible, I'm sure that is a very difficult thing. well, you know, so much regulation that the government issued for crypto, and of course stability is the main thing that needs to be noticed. although that is possible, I think it has very little chance.

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December 15, 2018, 06:49:58 AM
 #1065

Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.   


As for me, there would be lots of things to consider before having crypto in replacement of fiat. We all know that most of the countries are clueless about crypto. We should consider informing people about it first before they adapt it. Fiat is still the most common way of transacting these days.

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December 15, 2018, 10:16:39 AM
 #1066

in my opinion to replace the fiat currency is not possible because the legality of the crypto currency is not recognized by all countries in this world and they still believe in the fiat currency of course

I am agree, many government still ban and prohibit cryptocurrency. If crypto replacing fiat, its hard to measure economic growth. I think fiat money still needed in our economic system because its need long time for people understand about cryptocurrency

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December 15, 2018, 10:37:06 AM
 #1067

in my opinion to replace the fiat currency is not possible because the legality of the crypto currency is not recognized by all countries in this world and they still believe in the fiat currency of course

I am agree, many government still ban and prohibit cryptocurrency. If crypto replacing fiat, its hard to measure economic growth. I think fiat money still needed in our economic system because its need long time for people understand about cryptocurrency

They don't need a long tine really.

There are a lot of people that understands what Bitcoin is and what it can do. To be honest, it only takes a short period of time for people to understand it since it is not that hard to understand. The only problem is that the government thinks that they know better and they think that it will really be a bad thing for their people the reason they are banning them.

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December 15, 2018, 02:17:41 PM
 #1068

in my opinion to replace the fiat currency is not possible because the legality of the crypto currency is not recognized by all countries in this world and they still believe in the fiat currency of course

One day things will change and crypto will take over the fiat currency. Nothing is permanent and forever in this world. Sooner or later, this transformation of currency will happen and then new generation will only use crypto currencies and Fiat will be just a history.

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December 15, 2018, 02:37:03 PM
 #1069

in my opinion to replace the fiat currency is not possible because the legality of the crypto currency is not recognized by all countries in this world and they still believe in the fiat currency of course

One day things will change and crypto will take over the fiat currency. Nothing is permanent and forever in this world. Sooner or later, this transformation of currency will happen and then new generation will only use crypto currencies and Fiat will be just a history.

Well it is true that nothing is permanent but we all know that it is not that easy to replace something that is in there for a long time of period, fiats are obviously one of them. You can't take out fiats that easily since there are a lot of people that are used in using them. That day might come but I don't know if I am or you are still alive at that time.

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December 16, 2018, 12:30:39 AM
 #1070

Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.   


As for me, there would be lots of things to consider before having crypto in replacement of fiat. We all know that most of the countries are clueless about crypto. We should consider informing people about it first before they adapt it. Fiat is still the most common way of transacting these days.

If government regulate bitcoin, i am believe many people will find an information about it. Most government wont regulate bitcoin because they wont lose control on money supply

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December 16, 2018, 01:16:18 AM
 #1071

in my opinion to replace the fiat currency is not possible because the legality of the crypto currency is not recognized by all countries in this world and they still believe in the fiat currency of course

One day things will change and crypto will take over the fiat currency. Nothing is permanent and forever in this world. Sooner or later, this transformation of currency will happen and then new generation will only use crypto currencies and Fiat will be just a history.

Well it is true that nothing is permanent but we all know that it is not that easy to replace something that is in there for a long time of period, fiats are obviously one of them. You can't take out fiats that easily since there are a lot of people that are used in using them. That day might come but I don't know if I am or you are still alive at that time.
maybe the next generation will experience it, because it really takes a long time to replace it. but for now we can only profit from it, and exchange it for fiat to make ends meet

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December 16, 2018, 02:15:37 AM
 #1072

in my opinion to replace the fiat currency is not possible because the legality of the crypto currency is not recognized by all countries in this world and they still believe in the fiat currency of course
Everything is possible in this world - try it. For crypto to replace fiat will take a good number of years for this to be achieved because cryptocurrency does not allow any central authoritative body like the governments to have absolute control over the transactions. Also it will demand every part of the world to have internet source and access in order to realize this goal of crypto hitting the mainstream adoption where fiat will be irrelevant.

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December 16, 2018, 03:04:44 AM
 #1073

in my opinion to replace the fiat currency is not possible because the legality of the crypto currency is not recognized by all countries in this world and they still believe in the fiat currency of course

One day things will change and crypto will take over the fiat currency. Nothing is permanent and forever in this world. Sooner or later, this transformation of currency will happen and then new generation will only use crypto currencies and Fiat will be just a history.
although that will happen, I think, there are still so many shortcomings that cryptocurrency has, because the price is very unstable. when bitcoin replaces money, of course the price of goods will rise and fall rapidly, if you use cryptocurrency as a standard and substitute for fiat.

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December 16, 2018, 07:36:44 AM
 #1074

I do not think that Cryptocurrency can ever replace Fiat currency.
Because both Cryptocurrency and fiat has different functions, so Cryptocurrency cannot function well as fiat.
It's a decentralized virtual currency while fiat is paper money.


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December 18, 2018, 09:46:01 AM
 #1075

I wonder how much time has to pass to introduce this idea to real life.

Tens years, my friend. However, IF even it happens, people will return soon to use traditional money as well. Simply cash is very convenient, and no Internet connection is required.
Well I would say that It can be possible only when the demand for fiat diminishes by the common man and that will happen only when the crypto reaches everyone which has not been able to happen so far. So I doubt it would even happen in the decades to come.
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December 18, 2018, 04:58:47 PM
 #1076

in my opinion to replace the fiat currency is not possible because the legality of the crypto currency is not recognized by all countries in this world and they still believe in the fiat currency of course

Men, who seriously think that fiat can be so easily replaced by the cryptocurrencies, make the greatest mistake. They do not guess that most people are conservative by their nature.

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December 18, 2018, 05:04:20 PM
 #1077

I do not see the crypto replacing the cryptocurrency even though we are heading to a cashless society. The fiat currency can co-exist with the cryptocurrency as there is currently over 2000 cryptocurrency. They all have their uses and your choice to use

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December 21, 2018, 12:00:31 PM
 #1078

in my opinion to replace the fiat currency is not possible because the legality of the crypto currency is not recognized by all countries in this world and they still believe in the fiat currency of course

We do not know anything about our future. Probably, the writers of science fiction were right, and robots will replace some people in the future. If it happens, the cryptocurrency can also replace fiat.

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December 21, 2018, 02:56:28 PM
 #1079

in my opinion to replace the fiat currency is not possible because the legality of the crypto currency is not recognized by all countries in this world and they still believe in the fiat currency of course

We do not know anything about our future. Probably, the writers of science fiction were right, and robots will replace some people in the future. If it happens, the cryptocurrency can also replace fiat.
All possibilities are very large indeed. we cannot give an opinion whether it is true or not but from what is now that all is progressing and it is not impossible to happen
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December 21, 2018, 03:03:04 PM
 #1080

Cryptocurrency replacing fiat isn't that easy, to experience a complete usage of cryptocurrency same as the fiat it needs a large scale adoption. Compared to the previous year what we experienced by this year is a massive fall, but adoption has been taking place in a gradual manner. With this I believe, in future can experience cryptocurrency usage same as fiat but replacement won't happen.



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