Crypto replacing fiat?

[randyg29]

There are always a possibility that Crypto can replace fiat because we can't predict the future many things are happening just like how we improve our economy many changes are always to occur. And as we can see that if all people are involved in Crypto they may take it granted because of it's high chances to help a person to grow his /her investments in a chance.

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[Tervelatuk]

There are always a possibility that Crypto can replace fiat because we can't predict the future many things are happening just like how we improve our economy many changes are always to occur. And as we can see that if all people are involved in Crypto they may take it granted because of it's high chances to help a person to grow his /her investments in a chance.

i am agree with your point,anything could happen in this world.even much people said that cryptocurrency could not replace fiat.but when mass adoption time come we will see cryptocurrency usage rise extremely.

[trickyriky]

There are always a possibility that Crypto can replace fiat because we can't predict the future many things are happening just like how we improve our economy many changes are always to occur. And as we can see that if all people are involved in Crypto they may take it granted because of it's high chances to help a person to grow his /her investments in a chance.

No one, even the best, perfect cryptocurrency can ever replace fiat. Many people cannot simply use the crypto for many reasons - the Internet absence, illiteracy, even religious position. It will not happen.

[metallices]

Crypto is only a threat to the fiat currency when hyperinflation occurs.

[jonhsongotti]

We can see that crypto is more and more known. But at the moment, crypto can not replace fiat. I think the odds for the existence of fiat currencies are quite large. I think there will be a fundamental change in the perception of the public or the current market system for this issue.

[chrisculanag]

We know that crypto is very popular in online industry but this is cannot replace the fiat but its only a support if there are something problem in fiat like as if you dont have cash you can use crypto as a payment in more online business. Crypto is best partner of fiat because of the different uses of this and fiat is also important in many aspect even in offline or online.

[fipper]

Personally, I will never see this happen. Crypto will exist but fiat will exist as well. They will co-exist because they have different features.

We both need fiat and crypto. In my opinion, we can reap the benefits of both crypto and fiat so why any of the two should disappear?

Your opinion that you convey is very true, but everything can happen all the time along with the development and technology, of course, because currently no one can predict for sure the development of crypto currencies.

[Ludmilla_rose1995]

I think it's the same. They only eliminate the physical, but the value is fixed. If the dollar produces dollar tokens, of course the value is the same. They will also be controlled by central banks and the government.

[yatogami]

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.   

I don't think crypto will ever replace fiats. Why should a new fianancial system be introduced into the world's economy is there's already one (fiat-based system), which is functioning rather successfully?
Governments will always feel suspicious towards any decentralized incentives, so I think crypto will be more and more regulated and will eventually lose its initial benefits like anonymity and freedom to use one's own funds.

[sulendra12]

No, it's not going to happen. If that happened it would be a chaos and it doesn't even fit to replace flat because volatile and everyone that holds this cryptocurrency would be lost at the end because volatile. That's why some countries ban Crypto instead to avoid those issues.

[mr.nby]

Personally, I will never see this happen. Crypto will exist but fiat will exist as well. They will co-exist because they have different features.

We both need fiat and crypto. In my opinion, we can reap the benefits of both crypto and fiat so why any of the two should disappear?

in my opinion, everything can happen and everything is possible if the development of technology and the development of the era requires currencies that are the same as cryptocurrencies, surely fiat currencies will be replaced

Crypto will not be able to replace fiat for a long time. The entire economy in the world is based on fiat money, and cryptocurrencies are still developing and are a small part of the economy. High price volatility and other factors affect the ability to increase participation in the economy at the expense of fiat money.

I think it will have more time for that to happen, It is a long run for crypto currencies to replace fiat, It is true that it will depends on the economy of the country, I think it will be on 5-10 years before the crypto currencies will replace fiat.

I don't believe that it would be possible. Replacing fiat money is a very long process that must be followed by the approval of governments, banks, etc. The only option that may occur in the near future is the withdrawal of paper money from circulation for non-cash transactions.

[HB Wallet]

The news said that China is planning to release a digital version of their currency. It's not gonna be a cryptocurrency for sure but will not be issued under any tangible form either. I believe 'e-yuan' is how they call it, and it will have the same value as the yuan.

Not sure how China is going to execute that, but it seems that they are already trying to replace paper money but still not very fond of crypto. There will be an even deeper monitoring of payments and transactions, so we're probably not going to see crypto replacing fiat in China any soon.

[Gheka]

No, it's not going to happen. If that happened it would be a chaos and it doesn't even fit to replace flat because volatile and everyone that holds this cryptocurrency would be lost at the end because volatile. That's why some countries ban Crypto instead to avoid those issues.

Agreed, crypto is too volatile, it really can not fit for transactions outside of real life, transactions in the world need a more stable, direct and more popular tool, fiat owns all that. In addition, this replacement is almost a revolution, breaking the old rules and creating a new environment, and with such influence, chaos will happen as you say, particularly the government can not solve this problem, crypto is not under their control, and there is no reason for the government to allow that to happen, they do not want to have such trouble, they will prohibit and limit the scope of crypto operations to the lowest level

[paulspider]

Fiat currencies are used widely by almost all people in this global world. Cryptocurrencies can never replace fiat currencies inspite of the fame crypto has gotten some years now.

[pinkpanther03]

I don't see any reason that crypto will replace Fiat in the near future, this is a big no. In fact, even if you earn crypto and if Fiat will be gone how can you convert it into a real money? meaning as of now they are both helping to one another as a currencies and as a solution to the community in terms of their financial difficulty.

[Naficopa]

I don't see any reason that crypto will replace Fiat in the near future, this is a big no. In fact, even if you earn crypto and if Fiat will be gone how can you convert it into a real money? meaning as of now they are both helping to one another as a currencies and as a solution to the community in terms of their financial difficulty.

Maybe it will not happen in the near future, but in couple of years who will need real money? Even now most of money is in digital version. Slowly all markets will be moving more and more to use only digital money, so replacement by crypto is possible. Probably never will happen total replacement, but it will be enough if cryptocurrency will get 51% of market to say that it is big success of crypto!

[mizamuneerashine]

Not this time of course, but we don't know also what will happen in future. We should stop overthinking about it, I just want Bitcoin to be widely adopted and as a product rather than just speculative investment.

[loragean03]

I don't see any reason that crypto will replace Fiat in the near future, this is a big no. In fact, even if you earn crypto and if Fiat will be gone how can you convert it into a real money? meaning as of now they are both helping to one another as a currencies and as a solution to the community in terms of their financial difficulty.

We all know that crypto replacing fiat is a far journey for those crypto enthusiast, For most people real money is more substantial done digital cash, They only trust governments and the currency of every country is creating, I think it will work if the world knows how exactly crypto currency market works, It is better that they know how digital money provides us.

[reality18]

Crypto replacing fiat? This is not happening any time soon. Fiat has the backing of the governments and due to its centralized nature, it favors the governments to draw much power. Crypto and fiat will rather coexist as the governments will rather utilize the Blockchain to create their own coins (if the governments are ready to accept crypto) and manipulate it to suit their preferences.

[NickVick]

It is hard to talk about it. But for me, we just can guess that the development of crypto in the future may threaten to the survival of fiat in the future.