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Author Topic: Crypto replacing fiat?  (Read 4579 times)
PitbullP
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September 26, 2018, 03:53:54 AM
 #861

It is impossible that crypto will replace fiat because fiat is centralized and it helps to maintain the economy system
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September 26, 2018, 11:24:54 AM
 #862

Crypto will not replace fait but fair will support the crypto in terms of fair. Already in some major companies and stores are accepting are one of their payments.
I agree with you, cryotocurrency can be very popular but it is very impossible to replace fiat, i am sure that even in the future all people in this world will prefer to used fiat because it is more easy to used and it is not complicated unlike on crypto.

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September 26, 2018, 03:12:58 PM
 #863

Crypto will not replace fait but fair will support the crypto in terms of fair. Already in some major companies and stores are accepting are one of their payments.
I agree with you, cryotocurrency can be very popular but it is very impossible to replace fiat, i am sure that even in the future all people in this world will prefer to used fiat because it is more easy to used and it is not complicated unlike on crypto.
I've heard from my teacher that in the future the fiat money will not be used again, extinct. And I am sure it will happen.
So maybe when later the fiat money is no longer there then crypto will replace his position.


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September 26, 2018, 03:53:42 PM
 #864

Crypto is absolutely capable of doing it and I don't actually doubt that it will replace fiat one day,  fiat can't fulfill all the needs of todays community.

Probably cryptocurrencies can not replace fiat. The entire world economy is based on fiat money. Krypto is still too small a part of economics, and despite gaining popularity, it will not become a significant element for a long time. In addition, cryptocurrencies would have to be regulated by law and centralized, and the entire market would have to be stabilized.
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September 26, 2018, 04:36:51 PM
 #865

This will not happen immediately, but we are now receiving signals in a very specific way. Now people have taken a stance against the cost and physical return of physical money. Most of the investments will soon begin to shift into the crypto world in a completely logical way.

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September 26, 2018, 04:52:40 PM
 #866

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?
It is unlikely that fiats could replace crypto - lack of control this will lead to total chaos where everybody will try to cheat on all others.

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 is the difference here from the existing traditional banking system where the governments can track down the accounts of their citizens?
Why should this convenient system be replaced by crypto?

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September 26, 2018, 05:01:47 PM
 #867

In the near future there will be no such thing, but further it is possible of course. How can you imagine the future without fiat money? One digital currency is great, really. Cheesy No inflation, instant transmission speed, security, security, minimum costs - great environmental friendliness for the planet - I'm only for it, so now it's worth buying prospective coins-I'm participating in such ico projects.

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September 26, 2018, 05:04:13 PM
 #868

The government will never let the cryptocurrency replace fiat. Cash will always live - the state regulates it. I can suppose that some cryptos will be wide-spread but not more. They will simply gain popularity.

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September 26, 2018, 06:45:20 PM
 #869

It is not realistic that cryptocurrencies will replace fiat currencies, at least in the nearest future. Nowadays most people around the world are using the fiat money and also banks support mainly fiat and fighting cryptocurrencies. So it will take many years at least until crypto can replacing fiat.

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September 26, 2018, 07:03:15 PM
 #870

It is not realistic that cryptocurrencies will replace fiat currencies, at least in the nearest future. Nowadays most people around the world are using the fiat money and also banks support mainly fiat and fighting cryptocurrencies. So it will take many years at least until crypto can replacing fiat.
It cannot be seen right now but we have to admin that it has a chance in the future, so we should not close the door for this as it has the chance to replace but for sure not that soon it may take some decades before it will happen.

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September 27, 2018, 03:36:19 PM
 #871

Cryptocurrency to replace fiat will not be very easy at all. I like to trade more with fiat currencies than cryptocurrencies. I do invest in cryptocurrencies with the aim to claim more interest at the end.

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September 27, 2018, 03:47:45 PM
 #872

Cryptocurrency to replace fiat will not be very easy at all. I like to trade more with fiat currencies than cryptocurrencies. I do invest in cryptocurrencies with the aim to claim more interest at the end.
There's no replacement that will ever happen , it will be more of an option on what gives us more convenient to use at a time we need to do a transactions. It's good to have crypto options on payments.

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October 02, 2018, 10:21:50 AM
 #873

For that to try and occur, everybody must have a handheld gadget or a financial framework to do trades. Everyone additionally should have a web association somehow to do their exchanges and that could be a test since the web itself has been with us for 10 years or two and you can't have a web association all over the place.
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October 02, 2018, 12:23:08 PM
 #874

if that happens, crypto replaces fiat, I think the best regulation for regulating crypto is prepared before opening crypto for state transactions. reviewing, testing is still done. Blockchain technology is good, but it takes a large amount of research to get crypto ready in a country. the only threat is that crypto currencies are used for crime. and cannot be tracked and crypto manipulation. I think this will be a problem in the future.


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October 02, 2018, 01:29:57 PM
 #875

I think Fiat will still be using it a lot because Fiat is a currency that is easy to use and does not need electronics to use it because there are many parents who do not understand technology and of course cryptocurrency will not be able to change Fiat.

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October 02, 2018, 01:47:36 PM
 #876

For that to try and occur, everybody must have a handheld gadget or a financial framework to do trades. Everyone additionally should have a web association somehow to do their exchanges and that could be a test since the web itself has been with us for 10 years or two and you can't have a web association all over the place.
I think crypto can completely replace fiat money in the future and I'm very hopeful that it will happen soon. I believe that the world will embrace this development trend so that life becomes better without having to carry fiat money.

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October 02, 2018, 02:33:13 PM
 #877

There are a lot of people who think that governments eventually will move from using FIAT to
using crypto like we all follow and like here on the forum, but it wont happen because it is totally
out of their control.

Governments will move from FIAT to their own centrally controlled digital currency and yeas that
will come with the government controlled "track and trace" system we dont like.

this is the most possible outcome
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October 02, 2018, 06:46:10 PM
 #878

Cryptocurrency to replace fiat will not be very easy at all. I like to trade more with fiat currencies than cryptocurrencies. I do invest in cryptocurrencies with the aim to claim more interest at the end.
Well my friend in future it might be real cause i think the volatility is not a major problem anymore, you can use coins such as tether that have stable value to do transaction, I do think others cryptocurrency would be considered as more like a security and an asset rather than currency. Its hard but it can be real

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October 02, 2018, 08:37:29 PM
 #879

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.   
Eliminating fiat is the worst thing that would possibly happen since almost all people were aquainted on fiat.Digital currency could give threats on the governments governance because they cannot possibly control on how people used their digital money.
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October 02, 2018, 08:49:30 PM
 #880

I think because crypto prices are not stable and that will make crypto not be able to replace fiat, and maybe crypto will be better able to become an asset than a currency and replace fiat.
It is reality that bitcoin and all the crypto currencies are not being used as currency. People do not understand its importance and facilities very well but developed countries have accepted it already. Their citizens are enjoying purchases and payments in it to some extent. One day in the future, bitcoin will replace paper money.
Even if Bitcoin and another cryptocurrency were very widely used as payment systems, the cryptocurrency could not replace the usual currency with itself. I am sure that no state will take such a decision. The money that goes in the state should reflect the state of the economy of this state; it cannot but depend on the country's economy. In addition, the high volatility of cryptocurrencies is also a serious obstacle to this process. Cryptocurrency can go in the state only in parallel with the national money of this state.

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