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Author Topic: Crypto replacing fiat?  (Read 6112 times)
buje micin
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October 03, 2018, 03:48:45 AM
 #881

that is impossible, crypto cannot be accepted as a fiat currency because the value is too high and the value can go down anytime.
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October 03, 2018, 04:35:08 AM
 #882

Well yes, as you said, they could track you down if you were using a centralized cryptocurrency, or if whatever crypto wallet/exchange you're using requires you to be transparent about who you are. Such a situation could also make it easier to control exactly what you can and cannot purchase, where, when, and why. You can already be blacklisted from banks and using cards, ATMs, etc, but if everything was crypto, it seems like that would have the ability to take it up to a whole new level. The Bible even talks about a one world system where you cannot buy or sell without basically selling your soul to get a special mark - not good (see Revelation 13:15-18, 14:9-13).

It's probably best to have OPTIONS, a little crypto, some fiat, precious metals, etc.

Just recently watched a video about the history of the world's current fiat system, and how every country is currently on fiat, which is not looking good. The thought crossed my mind that crypto is kind of coming right at the time when a new money system is going to be needed. Here's that video:

140 Years Of Monetary History In 10 Minutes - Mike Maloney   
https://youtu.be/wD3KYlpE2lk

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October 03, 2018, 08:09:50 AM
 #883

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.
If later a lot of people already understand about the world of Crypto then I'm sure Crypto will be able to replace the fiat. For now yeah many people who do not know about the world of crypto so It's hard will be happen.
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October 03, 2018, 09:50:57 AM
 #884

This has not been a simple undertaking at all and can't be on the grounds that we are generally anxious of such change and furthermore the intricate idea of utilizing cryptographic money is another extraordinary impediment for individuals to move into digital currency. On the off chance that we can make cryptographic money use simple and on a solitary platform,everything should be possible with speed,we will progressively win this battle.But for the time being regardless we have to accomplish more before we can supplant fiat with digital money.
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October 03, 2018, 09:57:52 AM
 #885

if I don't think it will be possible for crypto to replace fiat because the government will not remain silent if their legal currency which has been made a state symbol is replaced with digital or cryptocurrency

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mhpg19960612
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October 03, 2018, 06:47:15 PM
 #886

Crypto currency will never replace fiat. So only those who do not understand the fundamentals of the economy can argue. No government will ever decide to replace its national money with a decentralized crypto currency. Such a decision would be disastrous for any state. National money is always tied to the economy of its state, otherwise it can not be.
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October 03, 2018, 09:19:23 PM
 #887

there is no way that cryptocurrency can replace fiat but it can be an alternative way of transactions or transmitting currencies. Fiats are made because we are entitled to our own ownership or property. The fiat that we have in our country is what makes us unique. This is our brand name.














 

 

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tominsoto
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October 03, 2018, 10:27:44 PM
 #888

Maybe cryptocurrency will replace fiat in the future because there are a lot of people who are investing on it and that is one of the reason why bitcoins do really have the potential to grow even more in the future Undecided
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October 03, 2018, 10:30:38 PM
 #889

there is no way that cryptocurrency can replace fiat but it can be an alternative way of transactions or transmitting currencies. Fiats are made because we are entitled to our own ownership or property. The fiat that we have in our country is what makes us unique. This is our brand name.
Yes, as of now crypto currency  is hard to replace fiat since its capability to use is not as easy and fast like fiat transaction by buying simple goods and services that fiat is mainly the easiest way to use, but I believe that someday as technology more uprising then the availability of crypto currency is more open for all then that's the time it can replace fiat.

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October 03, 2018, 10:33:14 PM
 #890

Yes, I think the crypto is replacing fiat as we moved towards the cashless economy and the Crypto is currently the best option for that.  

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October 03, 2018, 10:35:53 PM
 #891

As there are more problems and legal issues with fiat more and more ICO-s won't accept it and there are more and more investors in crypto space so i guess that's the future Smiley

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October 03, 2018, 10:50:50 PM
 #892

Maybe cryptocurrency will replace fiat in the future because there are a lot of people who are investing on it and that is one of the reason why bitcoins do really have the potential to grow even more in the future Undecided
Actually I think it cannot replace fiat by crypto in the future even people are investing on it. There are many reason’s to fix before it happen and also other people cannot use btc in easy way. More things to be considered to replace fiat.


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mriansa
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October 04, 2018, 03:48:21 AM
 #893

of course that is a very silly thing because replacing fiat with digital currency will not be that easy, I am sure in the future there will still be many who use fiat and certainly only a few people who use digital currencies like bitcoin so fiat will never can be replaced by digital currency.
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October 04, 2018, 04:28:54 AM
 #894

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.   
Some fiat have been replaced because in some countries the price has fallen greatly. So from that crypto currency took over the country. Maybe it gives effect to the crypti currency in the future because it is used by some countries. Let's see how it will progress in the future.
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October 04, 2018, 04:51:09 AM
 #895

In some countries Crypto may replace fiat currency due to social and economic issues, but it will hardly ever happen in the global perspective. Fiat currencies serve as another control tool for governments, as they will never choose decentralized Cryptocurrencies that they have no control over.

I believe in the future the situation will remain more or less the same as now: Crypto will be used mostly to buy goods and services on the Internet, while fiat will hold the same position.
The only thing that`s probably going to change is the exchange process, it shall be easier to exchange Crypto for fiat and vice versa. I think things like more Crypto ATM everywhere and more neutral attitude to Crypto in some countries are to be expected.
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October 04, 2018, 04:59:38 AM
 #896

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.
Do not even hope. Cryptocurrency will never replace fiat, it is not even intended for this. No state will give up its national currency in favor of it is not clear who created and no one supported virtual currency of very high value, which constantly changes its value and can in no way be connected with the state economy. You have to be crazy to make such decisions. A cryptocurrency can successfully go along with national money, then it can bring certain benefits to both people and the state.

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October 04, 2018, 05:06:57 AM
 #897

It is not an easy job to replace the fiat currency by crypto because still, there are many minority members supporting the fiat currency compared to crypto. Many members don't have a good opinion about the cryptocurrency and maybe it will take another decade to replace the fiat currency. 



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October 04, 2018, 07:48:47 AM
 #898

In the event that that situation happened then there will be a great deal of direction just to make a straightforward exchange, the administration won't enable us to make unknown exchange and we will lose the opportunity to utilized cryptographic forms of money, there will be issue to adjust the monetary to sidestep expansion and flattening, and furthermore require alert to anticipate whales to control the crypto value, fiat and crypto is the best blend, nation with no one but crypto can causing a ton of inconvenience.
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October 04, 2018, 08:52:32 AM
 #899

Not in the near term. It will be a loong and difficult path to mass adoption but we'll get there.
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October 04, 2018, 09:02:23 AM
 #900

I think that will be able to compete with fiat money. But can not replace completely

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