Bitcoin Forum
February 20, 2019, 02:41:02 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 [16] 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 »
  Print  
Author Topic: Crypto replacing fiat?  (Read 6211 times)
Lonthe
Member
**
Offline Offline

Activity: 203
Merit: 10

Alfa-Enzo: Introducing the First Global Smartmarke


View Profile
August 05, 2018, 04:59:04 PM
 #301

With Crypto becoming more popular, it is not impossible that one day Crypto can replace Fiat, this is what many countries fear so much that they are banned from crypto, but I am sure that Crypto will not be stopped.

╭═══════════════════   A L F A ─ E N Z O   ═══════════════════╮
│   \▼/"Develop, standardize, protect, and promote" the AEF Ecosystem\▼/  │
╰════════════ FACEBOOKTWITTERTELEGRAM ══════════════╯
1550630462
Hero Member
*
Offline Offline

Posts: 1550630462

View Profile Personal Message (Offline)

Ignore
1550630462
Reply with quote  #2

1550630462
Report to moderator
1550630462
Hero Member
*
Offline Offline

Posts: 1550630462

View Profile Personal Message (Offline)

Ignore
1550630462
Reply with quote  #2

1550630462
Report to moderator
1550630462
Hero Member
*
Offline Offline

Posts: 1550630462

View Profile Personal Message (Offline)

Ignore
1550630462
Reply with quote  #2

1550630462
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
s0beit
Sr. Member
****
Offline Offline

Activity: 559
Merit: 250


BITDEPOSITARY - Make ICO's , More Secure


View Profile
August 05, 2018, 05:15:30 PM
 #302

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.   


It is possible because crypto is actually being used in several counties as a mode of payment. There are people who love to use crypto rather than fiat because it is less hassle. However, there are still lots of thigs to consider upon having crypto as a currency. Knowledge about it is the first thing needed for peoole to totally adopt it.


   ▄▄██▄▄
 ▄████████
▄██████████▄
████████████
▀██████████▀
 ▀████████▀
   ▀████▀
   ▄████▄       ▄▄██▄▄
 ▄████████▄   ▄████████▄
▄███████████▄███████████▄
█████████████████████████
▀██████████▀ ▀██████████▀
 ▀████████▀   ▀████████▀
   ▀████▀       ▀████▀
   ▄████▄       ▄████▄
 ▄████████▄   ▄████████▄
▄███████████▄███████████▄
█████████████████████████
▀███████████▀███████████▀
 ▀████████▀   ▀████████▀
   ▀▀██▀▀       ▀▀██▀▀
  
  
         Q-RATIO MARKET FUNDING COMMUNITY
   MAKE ICO'S MORE SECURE,
           STOP SCAMS
WITH BITDEPOSITARY      
/
 

                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌
 

    ▄█████
   ████▀▀▀
   ████
   ████
██████████
▀▀▀████▀▀
   ████
   ████
   ████
   ████
   ████
   ▀▀▀▀


             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
 

             █▀▀▀▄▄▄██▄
             █     ▀██▀
            █
         ▄▄▄█▄▄▄
 ████▄▄███████████▄▄████
▐██████▀▀███████▀▀██████▌
 ▀████    █████    ████▀
  ████▄  ▄█████▄  ▄████
  ▀███████████████████▀
   ▀████▄▀█████▀▄████▀
     ▀▀███▄▄▄▄▄███▀▀
         ▀▀▀▀▀▀▀
 

   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
 ▄█████████████████████████▄
 ███████████████████████████
▐███████████████████████████▌
▐███████████  ▀█████████████▌
▐███████████     ▀██████████▌
▐███████████     ▄██████████▌
▐███████████  ▄█████████████▌
▐███████████████████████████▌
 ███████████████████████████
 ▀█████████████████████████▀
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
 
in
Zigzagkuy
Full Member
***
Offline Offline

Activity: 386
Merit: 100



View Profile
August 05, 2018, 05:30:10 PM
 #303

I don't think that will ever happen. Although crypto is currently very popular with many people, it will never replace Fiat. Fiat is still very much needed by some circles. So bitcoin will have its own place and will not replace fiat. That's my opinion.
Sahyadri
Sr. Member
****
Offline Offline

Activity: 517
Merit: 255



View Profile
August 05, 2018, 05:37:04 PM
 #304

I don't think crypto is going to replace fiat ever. Economy needs a stable and an inflationary currency to run smoothly. Businesses can't work on such a volatile form of currency that too without central backing. What will ensure businesses then? Agree or not businesses needs bank and banks are never going to adopt cryptos in place of fiat.

     ▄▄██▄▄        ▄▄██▄▄
 ▄▄██████████▄▄▄▄██████████▄▄
█████████████████████████████
█████████████████████████████
█████████████████████████████
█████████████████████████████
█████████████████████████████
█████████████████████████████
█████████████████████████████
█████████████████████████████
█████████████████████████████
▀▀██████████▀▀ ▀▀██████████▀▀
    ▀▀██▀▀         ▀▀██▀▀



███▄▄██████▄▄        ▄▄██████▄▄     ▄█▄       ▄█▄     ▄▄██████▄▄
██████▀▀▀▀████▄    ▄████▀▀▀▀████▄  ▀████▄   ▄████▀  ▄████▀▀▀▀████▄
████        ███▄  ▄███        ███▄   ▀████▄████▀   ▄███        ███▄
███          ███  ████████████████     ▀█████▀     ███          ███
███          ███  ████▀▀▀▀▀▀▀▀▀▀▀▀    ▄███████▄    ███▄        ▄███
███          ███   ███▄▄            ▄████▀ ▀████▄   ███▄▄    ▄▄███
███          ███    ▀██████████    ▀███▀     ▀███▀   ▀██████████▀
▀▀▀          ▀▀▀       ▀▀▀▀▀▀▀▀      ▀         ▀        ▀▀▀▀▀▀
▄▄▀▀▀▀▀▄       
▄▄▄▄▄▄▄▄▀▀      ▄▄█▄▄   
▄▀▀  ▄▄▀▀      ▄▄▀▀   █ ▀▀▄
▄▀▄▄▀▀      ▄▄▀▀        █  ▀▄
█▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄█
▄▄▄▄▄▄▄▄▄  █                           █
█                    ▄▄▄▄▄▄▄█
  ▄▄▄▄▄▄▄  █                  ▄▀       █
█                  █   ██   █
    ▄▄▄▄▄  █                  ▀▄       █
█                    ▀▀▀▀▀▀▀█
█                           █
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀
THE WORLD'S
FIRST INSTANT
CRYPTO LOANS
GET INSTANT CASH IN
40+FIAT
CURRENCIES

USING
CRYPTO  AS
COLLATERAL


david_019
Member
**
Offline Offline

Activity: 259
Merit: 10


View Profile
August 05, 2018, 05:47:12 PM
 #305

I believe crypto will truly replace fiat in the future and everytime there is new change has come too. Changes that brings advantages and disadvantages and I believe tracing the account of someone holding big amount of crypto and forcing him to send it by threatening  could be one of the situation that we can see. But I believe that h'm this kind of situation though possible there will also a great new law system to protect the crypto holders.

━    ━    ●    Introducing    ►    Bluenote    ●    ━    ━►  Get Updates  ◄━
━    ● ▌   The Leading Blockchain Solution to a Zero Emission World   ▐ ●    ━
━►  WhitePaper  ◄━ ●  Announce   ●  Twitter  ●  Telegram  ●  Facebook  ●━►  Summary  ◄━
thefatman82
Member
**
Offline Offline

Activity: 166
Merit: 10


View Profile
August 05, 2018, 08:24:41 PM
 #306

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 my opinion we can forget about this compilation of words for a few years from now, cryptocurrency is so far away from being ready to replace our existing currencies, as it can only be.
best ever
Member
**
Offline Offline

Activity: 266
Merit: 10


View Profile
August 06, 2018, 05:32:17 AM
 #307

maybe ten years from now, not earlier

The cryptocurrency will never replace fiat totally. Yes, I can admit that in several years, many people would prefer using the digital money for its convenience and the high speeds of operations. Meanwhile, cash will live as well.
Strongball
Jr. Member
*
Offline Offline

Activity: 210
Merit: 1


View Profile
August 06, 2018, 06:11:11 AM
 #308

I think not, fiat money will never be replaced by bitcoin.
because it is the tool we use for the current exchange, bitcoin is more suitable for the investment tool.

I think bitcoin will be significant somehow in market, alongside with other currencies there
is a big possibility that crypto will definitely change the transaction processes everywhere.
Crypto depends on it's value with fiat, it's not the other way around. Both will exist but
through a lot of debate and process of course.
OrangeII
Hero Member
*****
Offline Offline

Activity: 1092
Merit: 500



View Profile WWW
August 06, 2018, 06:19:07 AM
 #309

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 my opinion we can forget about this compilation of words for a few years from now, cryptocurrency is so far away from being ready to replace our existing currencies, as it can only be.
this is one of the reasons why some governments are challenging to accept bitcoin as a legitimate exchange tool. well, of course because it can reduce usage, or activity in using fiat money.

███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀███████████
                ███████████
                ███████████
▄▄▄▄▄▄▄▄▄▄▄     ███████████
███████████     ███████████
███████████     ███████████
███████████     ███████████
███████████     ███████████
███████████     ███████████
VELIC.



.


.


.


.
▄██████████████████▄
██▀              ▀██
██   ▄▄▄▄▄▄▄▄▄▄   ██
██   ▀▀▀▀▀▀▀▀▀▀   ██
██   ▄▄▄▄▄▄▄▄▄▄   ██
██   ▀▀▀▀▀▀▀▀▀▀   ██
██   ▄▄▄▄▄        ██
██   ▀▀▀▀▀        ██
██                ▀▀
██
██                ██
██▄              ▄██
▀██████████████████▀
.


embargo
Newbie
*
Offline Offline

Activity: 266
Merit: 0


View Profile
August 06, 2018, 06:53:31 AM
 #310

To keep you in check - it is necessary to link your personality and your specific bitcoin - a purse. And you can have only one such purse. For today, you can open 1000 purses of bitcoins and carry out operations. Digital society is not only digital money, but the absolute control of all your transactions.
darewaller
Hero Member
*****
Offline Offline

Activity: 1176
Merit: 527



View Profile
August 06, 2018, 07:31:05 AM
 #311

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.   
What advantage exactly are you talking about? I would prefer you state out the advantages that you’re talking about, if not, then it makes no sense saying that the government is accepting crypto when there is no reason.

The only advantages I know in making use of crypto is the fast transaction that can be made from a country to another, and it also kind of makes you anonymous, cause you don’t have to expose much about yourself or your credit/debit card details when making a purchase of something online.

That’s the only thing I know, and apart from that have you taken into consideration the disadvantages that might follow? Have you thought about those who are not able to make use of Bitcoin?

.
▀▄ ▀█▄████▀███████
  ▄█▄██▄██████████
▀ ▄▀██▀█▄█████████
███
▄▄▀
▄▄▄
█████
█████
█████
█████
█████
█████
█████
█████
█████
█████
██████████████
█▀▄██████████████
▄▄▄██████████████
████▄▄▄▄▄▄▄███████
████████████▄█████
████████▀█████████
█████▀██▀██▀██████
████████▄█████████
███▄▄▄███▌██████
███▄██████████████
██▄███████▌███████
██▀█████▀█████████
██████████████████
.blackjack.fun...  PLACE YOUR BET  ..p l a y n o w.
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄██
█████████████████████▄
███████▄█████▄██▄████████
███████████████████████████
███████████████████████████
███████████████████████████
███████▄██▄██▀██▀████████
▀███████████████████████▀
▀██
███████████████████▀
▀█████████████████▀
▀▀█████████▀▀
.
███████▀████▄█▀ ▄▀
██████████▄██▄█▄
█████████▄█▀██▀▄ ▀
glorybtc
Member
**
Offline Offline

Activity: 167
Merit: 10


View Profile
August 06, 2018, 07:52:25 AM
 #312

Crypto will never replace fiat, it’s impossible. There are just too many things in this world that can’t be done without fiat, and there are influencers who won’t allow crypto to replace fiat because they need it.

is it possible that government replaces fiat to crypto through forming fiat to cryptocurrency form like USD to USD token or USD coin??

davehopepe05
Newbie
*
Offline Offline

Activity: 25
Merit: 0


View Profile
August 06, 2018, 08:08:46 AM
 #313

Personally, this is the thing that never happens.
Gibsonlda
Newbie
*
Offline Offline

Activity: 182
Merit: 0


View Profile
August 06, 2018, 08:52:37 AM
 #314

this potential is huge because many experts think that the integration of future currencies is through digital, in this case bitcoin has provided a more advanced line compared to fiat, blockchain technology systems are also very complex and ultimately only make fiat into altcoin, bitcoin will be an exchange the central currency replaces usd. but does not remove fiat from civilization.
dasana212
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500



View Profile
August 06, 2018, 08:59:34 AM
 #315

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 my opinion we can forget about this compilation of words for a few years from now, cryptocurrency is so far away from being ready to replace our existing currencies, as it can only be.
this is one of the reasons why some governments are challenging to accept bitcoin as a legitimate exchange tool. well, of course because it can reduce usage, or activity in using fiat money.
For now it may be true that many Governments opposed to accept Bitcoin as a legitimate means of payment, but in the future I believe they'll accept it. There are already a number of countries which have received the Bitcoin as something that is legal in the country.
Pan Troglodytes
Member
**
Offline Offline

Activity: 392
Merit: 35


View Profile
August 06, 2018, 10:12:57 AM
 #316

Crypto will never replace fiat, it’s impossible. There are just too many things in this world that can’t be done without fiat, and there are influencers who won’t allow crypto to replace fiat because they need it.

is it possible that government replaces fiat to crypto through forming fiat to cryptocurrency form like USD to USD token or USD coin??
Yes, definitely it is possible and in my opinion (OK it is a conspiracy theory, I know) this is the real purpose of crypto and how it was introduced (do you seriously believe that a single guy invented it, made it operational flawlessly and was able to maintain the complete anonymity successfully?)
kidamazo
Member
**
Offline Offline

Activity: 294
Merit: 10


View Profile
August 06, 2018, 11:00:45 AM
 #317

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.   
If you will see something like that happening and taking place on the Earth, you should tell me because I think that next few years we won't be able to see that happening, we are still so far from being an alternative payment method.
BLACK LEG
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile
August 06, 2018, 11:13:26 AM
 #318

no one can replace fiat money, crypto is just a currency made for a place to invest, crypto is not suitable to replace fiat because its value rises and falls fluctuatively
Tervelatuk
Member
**
Offline Offline

Activity: 280
Merit: 11


View Profile
August 06, 2018, 11:25:04 AM
 #319

no one can replace fiat money, crypto is just a currency made for a place to invest, crypto is not suitable to replace fiat because its value rises and falls fluctuatively
currently the use of crypto currency is only an investment tool. and has not been widely accepted as a payment instrument. so this is impossible to make crypto currency as a substitute for fiat currency.it will need long time to mass adoption.

◆Telegram ◆Twitter  ♞♞♚♚    EOSBET- Be the house, get dividends   ♚♚♞♞  ◆Whitepaper ◆Reddit
         ♚♞   Instant dividend payouts based on house profit   ♞♚         
Kidmat
Sr. Member
****
Offline Offline

Activity: 772
Merit: 250


View Profile
August 06, 2018, 11:38:48 AM
 #320

no one can replace fiat money, crypto is just a currency made for a place to invest, crypto is not suitable to replace fiat because its value rises and falls fluctuatively
currently the use of crypto currency is only an investment tool. and has not been widely accepted as a payment instrument. so this is impossible to make crypto currency as a substitute for fiat currency.it will need long time to mass adoption.
In my own opinion it cannot replace fiat as this still used by many people although bitcoin has existing. Both has it's own features so I dont think it will replace. Many several factors to be considered and to be adopt all users.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 [16] 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 »
  Print  
 
Jump to:  

Bitcointalk.org is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!