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Author Topic: Crypto replacing fiat?  (Read 6211 times)
hahay
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August 01, 2018, 02:50:56 PM
 #201

Fiat can not be replaced I'm sure, because fiat is very closely related to the economic history of a country. So I'm sure fiat will not be replaced though in the future cryptos will be much better. Everything may happen, but for fiat I'm sure it will not happen.

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August 01, 2018, 02:54:58 PM
 #202

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.   

I thinks we create an imaginary vision towards the future of  digital currency system through our mind,and i thinks all this become possible if crypto become regulated and legalized that's all your question can be answered but in the situation thats maybe can anyone can see your asset when you using the public ledger,i thinks everythings have its limits in order to become regulated and by this situation i thinks its private and no one can see our holding investment.

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August 01, 2018, 03:04:05 PM
 #203

It is hard to know whether crypto can replace fiat or not. Since bitcoin was created, the cryptocurrency has been improved so many which are promised to bring us a more efficient payment system. However, there are still many issues inside of the cryptocurrency. As you can see, not all of the people know how to use the computer correctly and thus, their money can be stolen by hackers. If we want to use cryptocurrency as our main currency, people have to understand the computer and schools need to teach people about this

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August 01, 2018, 04:19:15 PM
 #204

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.   
is unlikely and will never happen. just leave them both as they are today.
because they have different functions and uses.
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August 01, 2018, 04:24:30 PM
 #205

Never, Fiat is the currency of our payment since centuries ago.
and it can not be replaced by a currency that has only been out for a few years, and besides bitcoin is better suited for investment I think.
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August 01, 2018, 05:00:53 PM
 #206

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.   
At some point crypto coins will replace the fiat ones, there is no doubt about it, but regarding the problems we will confront, it is hard to say, it is needed a good imagination.

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August 02, 2018, 07:15:24 AM
 #207

It seems very hard for Krypton to take the place of money for real. This can take many years to become. And that time is also very variable. Crypto can be a common currency. But the whole world needs to accept it.
Absolutely this is not possible in near future. Crypto might not be able to replace fiat as long as all the people around the world have access to technology and are able to use crypto as alternative to fiat. Besides, countries tend to have a unique profile from others and this is the reason why fiat will still survive even if Bitcoin starts ruling.

Bitcoin can be used as international currency but it will never be the national currency of a particular country and every country around the world quest for their national identity as well.



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jojowar
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August 02, 2018, 07:31:07 AM
 #208

This will not be happen. Cryptocurrency is the evolution of money but it will not replacing the fiat. Cryptocurrency will be an additional option as a mode of payment.

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August 02, 2018, 07:42:37 AM
 #209

That's not gonna happen you know why? because fiat is the historical money that we have and many people still depends on this currency and many know it a lot more rather than digital money that will loss after a decades so literally fiat currency will not replace..

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August 02, 2018, 07:47:15 AM
 #210

I don't feel anything about cryptocurrency that they are replacing the fiat currency because if they are really replacing the fiat currency then we can easily see that the usage of fiat currency will gradually go down and the government will also see that loss in usage of fiat currency and announce it to the public for sure.

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August 02, 2018, 07:57:59 AM
 #211

I think bitcoin will never replace fiat, because Experts agree that bitcoin will not become dominant, because bitcoins are unstable to become a reliable currency.  Roll Eyes
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August 02, 2018, 08:02:24 AM
 #212

It can replace fiat currency because a lot of people now are using bitcoin even the businessman's are invested on bitcoin so probably digital currency will replaces soon and government will launch their own digital currency for everybody.

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August 02, 2018, 08:43:27 AM
 #213

I think that such development is quite possible. The problem is that Fiat has become very much stronger in the minds of his years of existence, that he will not leave quickly from his place
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August 02, 2018, 09:27:48 AM
 #214

It is unlikely that fiat is now considered to be the most liquid, there will not be any coins that can replace them in the present and in the future.
Things are evolving with time and that the modern technology is taking over the old methodology. There are likely chances of this thing to happen and that you can expect that these crypto currencies will replace the existing currency system and that this will surely help in so many ways and that this will change the basics of the economy completely and then we can expect a better economy rate.

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August 02, 2018, 09:34:45 AM
 #215

Fiat very firmly sits in the minds and it will be difficult to abandon him in the shortest possible time.
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August 02, 2018, 10:06:09 AM
 #216

I'll tell you what guys, if the crypto-currencies and various blockchain projects will continue to develop as rapidly and we will eventually reach a mass acceptance of the blockchain, we all will become really rich and happy, as we will have a really interesting and favorite pastime which brings us great money, that's what makes people happy. And it doesn't matter will crypto replace fiat or not.

That is not about becoming rich, the question says what will happen if the fiat is ever replaced with the crypto currencies. The attitude that you brought in here is like an investor. But we need to think about it as general public as well. It could benefit us in lot more ways than what you think. (Profits)

It will help us improve the transaction system in digital way, new applications will emerge in the market all the time, and this will help the community to grow bigger and bigger always. The profits, investors, etc things will come later on.


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Direwolve735
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August 02, 2018, 10:10:17 AM
 #217

I think that over the next five years, the fiat currency will lose its relevance in the developed countries of the world. But I can not say the same about developing countries, where traditional foundations still prevail. In order for crypto currencies to become embedded in everyday life in such countries, it will take more time. Bitcoin and other crypto-currencies need to become so demanded that there simply will not be any reason to use the fiat currencies.
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August 02, 2018, 12:19:55 PM
 #218

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.   
In the digital age, the bitcoin of a day can be a substitute for paper money. However, it will appear frequently in large transactions from large enterprises before becoming commonplace in everyday trading. This will happen in the years to come so be patient and use your bitcoin number reasonably.
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August 02, 2018, 12:28:56 PM
 #219

no, crypto cannot replace fiat because of the function of both. however, crypto cannot or cannot be used for online transactions. and crypto itself cannot yet determine a strong value.

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August 02, 2018, 12:43:55 PM
 #220

It is indeed a future to have digital currency in our pocket rather than fiat money. We should be anticipating positively tht one day digital money will reign and fiat will extinct.
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