Crypto replacing fiat?

[Luckyswan]

just thinking about it to happen makes me scared, although we can be benefited to crypto but replacing the fiat is to much, also i don't think that this thing will bound to happen because there are people that doesn't want the term change. 

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[Kamote_1102]

Well, for me it's far from happening. because it will take a lot of discussions and not all country are accepting Crypto yet. and if that happens, all people should be knowledgeable about Crypto. and we should all have Internet Connection everywhere.

[Sum24]

Cryptocurrency cannot completely replaced Fiat, it's near impossible rather both can work side ways.

But I think now we have more value for crypto than for fiat, people are using crypto currency to buy goods and to have easy way of buying those goods which we need in our life, fiat is not reliable as compare to fiat because if we use fiat it will take a lot of time to travel for miles and buy a single good we need, crypto currency so that we can spend it to buy goods which is easy and reliable to use.

[acheampong64]

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.

we'll that'll only be possible if you allow it. For instance, you can't tell my total portfolio right? Why? because i haven't given you the access. So this will happen onlt if I give you access to my accounts.

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.   

currently the major problem in crypto is with manipulation. Unless every coin gets stabilised somehow it'll ve difficult for people to wholeheartedly trust to use cryptos.

[turagsoy123456]

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.   

Maybe crypto will replace fiat money because of evolution that happened but it takes time.  We are now upgrading to high technology and virtual money is one of this.

[Patient_Zero]

There are so many possibilities in here if the cryptocurrency will remove or replaced FIAT currency there are some people that doesn't want to use it because they don't know. There are some good deeds it can provide like the faster transactions to any people who use it. But before that happen for sure it will gonna be world discuss.

fiat and crypto currencies each have different segments, each of which has crypto deficiencies and strengths which are more dominant in unlimited country exchanges and with an unlimited number, whereas fiat is more dominant in domestic exchanges where the market system is still traditional, so the two are mutually support and can walk together.

[pandanaran]

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.   

How could that be possible if the government still had not accept cryptocurrency. in my opinion based on what the experts say if crypto replacing fiat, this will cause a lot of risk regarding the changes and regulation of the cryptocurrency itself. For example, you say that all transactions can be seen in the ledger, but we do not know who the identity of the holder is. there is and the government will not be happy with this, there are also examples of fluctuating crypto values.

[DisWhale]

The era of the cashless society will take some good number of years to come. Crypto will spearhead this movement but it needs to meet the mass adoption and acceptance of the governments first. It is our duty now to harness the awareness creation in order to keep the people informed about the benefits of cryptocurrency.

[backspace jejel]

if crypto replaces fiat then there will be many obstacles that will be experienced by many people, to access someone needs a good internet network, besides this crypto is not suitable for macro transactions.

[pinoyden]

I never thought this would happen, Cryptocurrency will not replace Fiat in full. Forever Fiat will still exist even though Cryptocurrency will become a currency that is widely used by many countries

I agree on your statement above .  fiats will remain forever because fiats are the only easiest form of payment method that anyone can use . in the past decades when many other payment options are invented such as paypal   , credit cards ,banking system . all of them did became a widespread but amazingly fiats are still alive and didnt ever replace by them .  same goes with cryptocurrencies ,  crypto cant also replace fiat verry easily  .

[indrakusumaindra]

if crypto replaces fiat then there will be many obstacles that will be experienced by many people, to access someone needs a good internet network, besides this crypto is not suitable for macro transactions.

Yes there will be many obstacles to teach people how to use cryptocurrency and also how to make your fund safe. It would be really hard in my country, cause the fact is there is a lot of people in my country even not have a bank account and also there still a lot of people that uneducated, so i think it would be hard to make it real, especially in my country.

[Paanderson]

Cryptocurrency changes Fiat and defeats the circulation of Fiat I think it will be very difficult because there are so many people who do not know how to use it and can benefit from cryptocurrency so it is very difficult to defeat Fiat.

[Pattart]

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.  

Maybe crypto will replace fiat money because of evolution that happened but it takes time.  We are now upgrading to high technology and virtual money is one of this.

Thats is impossible to happen, we live in a country that has rules and the rules are made and regulated by the government, and the government will continue to manage their fiat currencies and fiat will also continue to be in accordance with the times and technology. crypto will not replace fiat because the government will not allow that to happen..

[Heatherwhite]

I think it's very unlikely that crypto will replace fiat currency, fiat is easier to use as a payment medium and also has a more stable value. I am more confident that crypto will be used as an asset.

[SamanthaPhillips]

I think it is not possible to replace the fiat with the cryptocurrency because cryptocurrency is very new to fiat world and it is not recognized by the governments. Still, there are many people who don't have a strong belief on Bitcoin because it is completely digital currency and that to online currency.

[sevenbits]

Yes, everyone would like to believe it. However, if we look at the current trends, then crypto does not even compete with the Fiat and certainly does not replace it. The situation may change, but it is difficult to make predictions for such a distant future.

[Getmon]

Nice case scenario. I think if it will come to that point, you will have several cryptocurrency addresses and wallets. And your addresses and wallets are yours and yours alone, even the information about it. Your addresses are not tied to any of your personal identity and so even if people have one or two of your addresses they do not know that it is yours. And even if they do know that they are yours, it would be impossible to know all of your addresses.

[webdevmastery]

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 own opinion, cryptocurrency will never replace fiat because there are a lot of people today in the corporate world who are working and earning fiat so it will be still necessary for the government to use fiat.

[Kingathur]

In my views cryptocurrency replacing fiat is not to realistic. If we consider how much time we could fully develop cryptocurrency then we could say it would take a decade or more for it to be accomplished.

[tapaibuccok]

I can't imagine it, crypto is a good investment place but it will never replace Fiat, many problems will arise such as slow transactions