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Author Topic: Crypto replacing fiat?  (Read 6211 times)
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January 13, 2019, 01:30:59 AM
 #1141

experts have agreed with this, that crypto is not suitable and has not qualified as a payment currency.
It is not that it is not qualified but it is not just suitable to be a payment method.

Bitcoin is known for its volatility and we all know, obviously, that it is a decentralized cryptocurrency. In our country, Bitcoin is known to be a cryptocurrency that must be avoided since it is a scam, that is the identity of Bitcoin to them not knowing that these scammers are just using Bitcoin as an escape to their plans, scammers nowadays are really crafty. That is another reason why Crypto will not replace Fiat, well the common is the most obvious.

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January 13, 2019, 02:01:22 AM
 #1142

it could happen because along with the times and technology that will grow very rapidly but of course it needs a process and a long and difficult time of course

I think that fiat will not be able to completely disappear even in the distant future. Many people love to diversify their funds and they will still hold some of the money in the form of paper money.   
Well mate nothing happened within days ever doing so we want to see people think as you think you will have to be patient. According to me people have taken a start to make money disappear as they use bitcoin more than fiat. Everything is able to do with digital money with ease and its future saviour as well so future of paper money is almost in dark.
You know Fiat also has a digital version. and it's also equally flexible and efficient to use. digital currency issued by banks or fiat will
be a competitor for crypto. and of course fiat will win because it is backed up by government rules.

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January 13, 2019, 01:27:18 PM
 #1143

The presence of crypto certainly has a very good big impact, I'm sure that someday crypto will be used internationally, fiat that can be made in any number of course will have a big problem if more people are aware for improvement.

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January 13, 2019, 04:06:57 PM
 #1144

it could happen because along with the times and technology that will grow very rapidly but of course it needs a process and a long and difficult time of course

I think that fiat will not be able to completely disappear even in the distant future. Many people love to diversify their funds and they will still hold some of the money in the form of paper money.   
Well mate nothing happened within days ever doing so we want to see people think as you think you will have to be patient. According to me people have taken a start to make money disappear as they use bitcoin more than fiat. Everything is able to do with digital money with ease and its future saviour as well so future of paper money is almost in dark.

Ofcourse crypto will not replace fiat in a day or even months. It is a slow process and it may take many years for this reform. Also changes are not easily acceptable and bitcoin will have to fight its ways to overcome the fiat which is already too much popular.



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January 13, 2019, 04:54:34 PM
 #1145

The presence of crypto certainly has a very good big impact, I'm sure that someday crypto will be used internationally,
Crypto already being used globally even though it's just on the internet only like paying something online and stuff. But still crypto already proven that they can use it.


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January 13, 2019, 05:36:37 PM
 #1146

The presence of crypto certainly has a very good big impact, I'm sure that someday crypto will be used internationally,
Crypto already being used globally even though it's just on the internet only like paying something online and stuff. But still crypto already proven that they can use it.



This explains that crypto has many benefits for everyone on the internet and makes things good and useful in the future.

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January 13, 2019, 05:43:49 PM
 #1147

The presence of crypto certainly has a very good big impact, I'm sure that someday crypto will be used internationally, fiat that can be made in any number of course will have a big problem if more people are aware for improvement.
Not so aware of improvement as simply can't allow it themselves. Do you know how much people in the world are living under poverty line? They simply can't allow themselves something technological. No matter how bitcoin nice and fast the biggest part of population will use fiat for many more years.

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January 14, 2019, 12:59:56 AM
 #1148

The presence of crypto certainly has a very good big impact, I'm sure that someday crypto will be used internationally,
Crypto already being used globally even though it's just on the internet only like paying something online and stuff. But still crypto already proven that they can use it.



Indeed, bitcoin already used as international currency in internet world. The obstacle of bitcoin is on government regulation and i think if bitcoin regulated by government, it will be good for cryptocurrency market

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January 14, 2019, 03:05:22 AM
 #1149

In my opinion Crypto is very beneficial for humans because it can provide jobs for everyone can also provide extensive knowledge to the surrounding community about Adaya Crypto, In addition, Crypto is also able to make the community better in terms of knowledge.
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January 14, 2019, 04:12:53 AM
 #1150

Maybe is impossible cryptocurrency could replace fiat, many people still do not know how cryptocurrency and bitcoin are working, how to make payment with cryptocurrency and how price is speculative.

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January 14, 2019, 06:43:10 AM
 #1151

Maybe is impossible cryptocurrency could replace fiat, many people still do not know how cryptocurrency and bitcoin are working, how to make payment with cryptocurrency and how price is speculative.
well, so many considerations before cryptocurrency replaces fiat. even the public's trust is still so small about crypto. well, in my place, many thought that crypto was related to gambling, and could only be used as that. well, i think before replacing fiat, maybe a lot of people have to learn about this technology.

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January 14, 2019, 07:41:35 AM
 #1152

I think it is possible. The fiat may be replaced by Stablecoin. In this case the fiat will be controlled by the government
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January 14, 2019, 08:55:50 AM
 #1153

experts have agreed with this, that crypto is not suitable and has not qualified as a payment currency.
It is not that it is not qualified but it is not just suitable to be a payment method.

Bitcoin is known for its volatility and we all know, obviously, that it is a decentralized cryptocurrency. In our country, Bitcoin is known to be a cryptocurrency that must be avoided since it is a scam, that is the identity of Bitcoin to them not knowing that these scammers are just using Bitcoin as an escape to their plans, scammers nowadays are really crafty. That is another reason why Crypto will not replace Fiat, well the common is the most obvious.
I don't think that bitcoin is unsuitable or not qualified, but there is no technology or platform that supports crypto payments right now. if there is a platform to use bitcoin as a payment by converting it directly to fiat, in order to avoid fluctuations of course crypto can be used for currency?

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January 14, 2019, 09:18:07 AM
 #1154

experts have agreed with this, that crypto is not suitable and has not qualified as a payment currency.
It is not that it is not qualified but it is not just suitable to be a payment method.

Bitcoin is known for its volatility and we all know, obviously, that it is a decentralized cryptocurrency. In our country, Bitcoin is known to be a cryptocurrency that must be avoided since it is a scam, that is the identity of Bitcoin to them not knowing that these scammers are just using Bitcoin as an escape to their plans, scammers nowadays are really crafty. That is another reason why Crypto will not replace Fiat, well the common is the most obvious.

It is different to say that Crypto is not suitable to be a payment method and then talk about Bitcoin. At this period of time that we are talking, I agree that Bitcoin is not suitable to be a payment method and it is more like a digital asset to store value. This happens because of the features of Bitcoin right now and the low transactions per second, but nobody knows how this project is going to evolve during the years. Also, there are more cryptocurrencies that offer the chance to use them as a payment method, so you can't say "crypto is not suitable".

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February 03, 2019, 07:57:22 AM
 #1155

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.   
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February 03, 2019, 08:11:45 AM
 #1156

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.   
No one can actually tell what the future holds but personally, i don't see crypto replacing fiat. Both will coexist because the government derive power from the fiat due to its centralized nature. The governments can prefer to go digital currency using the same fiat which is already seen by the use of smart cards, credit cards etc.

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