Crypto replacing fiat?

[Core.BUSTER]

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 this thing would be happen but it will take time. If you really want to live in the future many people will accept to replace fiat as cryptocurrencies simply because it is very easy to use and you can really pay your bills easily and instantly. Furthermore, I hope that in the near future our traditional money will be still there because we can't replace and I think the best thing to do is to consider cryptocurrencies as real money.

[KrisAlex18]

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.   

A lot of people are waiting for it to happen but still it would not be possible as crypto stay illegal on some part of the world. We should all be hopeful with the things that is happening in the world right now and analyze if having crypto replace fiat would really benefit us. It might end up destroying our world's economy or not so let us stay mindful about it.

[wingsthegreat21]

Potentially the end game for me is cryptocurrency since there is no price stability on it because of its evaluation change and in terms of its life state cycle, and yes it could potentially replace fiat.

[BCTalkaccountforsale]

I personally do not agree with this view of you. Fiat is a government-recognized currency and a well-known currency in every country. Fiat's long history is also a testament to the history of the national economy. You give a crypto replacement for Fiat is unreasonable and I'm sure it will never happen even though the digital technology era is growing and Cryptocurrency is among them.

[RokokGudangGaram]

it looks like crypto won't be able to replace real currency, because it's very strong in the real currency in this world. because crypto is a digital currency that cannot be made real

[Dudeperfect]

I don't see any possibility of crypto replacing fiat at least in next 50 years because considering the current scenario we don't have impressive literacy rate which is an essential part of using cryptocurrencies especially when it comes to the technology. Thus the idea of crypto replacing fiat currency is practically not possible.

[fusebox]

Fiat will be abolished in the next year, and the movement toward crypto will begin in the next 3-4 months. wait and see friends....

[virendarnagpal]

Though the crypto seems to replacing fiat; but the process will take long time.  There are majority people till date who have no access to internet or if they have access they do not know how to operate.  So until 100% population will not be using crypto it is impossible that crypto will replace fiat.
Speed will be slow but after a long time i see that around 90% transactions will be made through crypto and rest for emergency needs 10 % fiat will be there in use.

[anntlevel]

Crypto will not replace fiat. Fiat was used by almost all people. Some people will use cryto together with fiat because it was more advantageous and helpful. The government can’t control crypto so they will force people on using fiat. And also to adopt on the growing popularity of crypto, maybe the government and banks will make their own digital currency that are centralized so they have control on it and make people use it.

Replacement of fiat into cryptocurrency is not possible and we should also look into these two differently because cryptocurrency help us out in modern way which is decentralized while fiat is a currency issued by government so they will not let it replace with cryptocurrency as they have high benefit from this way. It is good to have multiple sources of investment and payment.

[hahay]

Though the crypto seems to replacing fiat; but the process will take long time.  There are majority people till date who have no access to internet or if they have access they do not know how to operate.  So until 100% population will not be using crypto it is impossible that crypto will replace fiat.
Speed will be slow but after a long time i see that around 90% transactions will be made through crypto and rest for emergency needs 10 % fiat will be there in use.

Agree, there are still many things to do if Crypto wants to replace Fiat, it is too early to say that crypto is worthy of being a fiat money, even though the transaction is now easier but each country has the strength to maintain their respective currencies. So I'm sure crypto won't be able to be adopted into fiat, plus because crypto is a digital currency that has no central and very anonymous currency.

[williamweber]

In about 10 years, maybe crypto will replace fiat. However, I think crypto will only replace 50% fiat, because cryptocurrency is actually more efficient than current currency.

[BigBos]

Though the crypto seems to replacing fiat; but the process will take long time.  There are majority people till date who have no access to internet or if they have access they do not know how to operate.  So until 100% population will not be using crypto it is impossible that crypto will replace fiat.
Speed will be slow but after a long time i see that around 90% transactions will be made through crypto and rest for emergency needs 10 % fiat will be there in use.

Agree, there are still many things to do if Crypto wants to replace Fiat, it is too early to say that crypto is worthy of being a fiat money, even though the transaction is now easier but each country has the strength to maintain their respective currencies. So I'm sure crypto won't be able to be adopted into fiat, plus because crypto is a digital currency that has no central and very anonymous currency.

well, we won't know what bitcoin will be after it reaches 21 million. so before that happens, I think it's still very far for bitcoin to replace fiat currency. yeah, but someday I hope crypto and fiat have the same position.

[Crystal24]

Its not possible for cryptocurrency to replace fiat currency given that their functions differs.

[UchihaRukawa]

For me, I do believe that what you are saying is actually a big issue if the time comes that crypto currency is the currency that is being used world wide and fiat is totally gone, the first thing that is gonna be a great issue is the volatility, if cryptocurrency is gonna remain volatile then people are gonna be having lots of sleepless nights because they might just lose a huge amount of what they have in their wallets and that is a talk that everybody is gonna worry about.

[brookecooper]

Cryptocurrency can disrupt the central bank and the international banking system. There will be a gradual development of new investment vehicles from the financial crypto. However, fiat has always existed and developed in parallel with crypto.

[Evacarter]

It is difficult to replace the Fiat Fiat. Crypto provides solutions for existing problems and the use of Fiat is experiencing, but the level of use Crypto is still mainly in the test.

[blacknigga]

Several Crypto-Fiat exchange solutions have been launched, and more than 17 different projects are underway to implement the Crypto-based exchange of currency (Fiat) directly. I believe that in the short term Crypto can completely replace the fiat.

[nbausa]

Cryptocurrency can replace the central banking system and international banking. The rise of cryptocurrency over the past few years has demonstrated the legalization of a new type of asset that is emerging within the global economy. Crypto is very important and can replace Fiat.

[conanshinichi]

The transition from fiat to cryptocurrency is a completely realistic scenario, and it will also change the face of the way our society spends and saves.

[powerglade]

well i do not think that crypto will replace fiat, When buying stuff in stores, it is not necessary to confirm the entire transaction chain, it is not necessary. I think that crypto will be convenient for savings and investments.