Crypto replacing fiat?

[vamshi789]

according to me there are many possibility to crypto replace and lot of people are investing with the trust.

[kokobaba880]

Crypto have made things very fast and transaction processing speed is good with this but to say that it will replace fiat can not be agree because fiat is also important for us and keeping in view of crypto, Crypto is replacing the old payment system to the new one.

[ourepts]

I am very aware that Crypto provides convenience in transactions or forms of investment. But from the human side, not everyone can accept that fact. Many of those who still doubt the existence of this cryptocurrency gets the issue that it is not a recommendation for future life. To become a Crypto replacement for Fiat, I might have to give input that crypto must be recognized by the world. If that has been realized, maybe Crypto is an easier access to the fiat system and has a good future.

[darkr]

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.

I do not believe it as well. Cryptocurrencies are very good only for the guys that know how to work with the Internet, who have some special knowledge. I do not think that elderly people will support it.

[chromosomes]

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.   

We are all hopeful about this way back but seeing the downfall of crypto's price made us hopeless about the issue. There's still a possibility though but it has decreased a lot to the point that there are only few people who are still faithful about crypto's ability. We can still uphold our hope about it but let us know our limits.

[nebiki]

according to me there are many possibility to crypto replace and lot of people are investing with the trust.

I think it is difficult for crypto to replace fiat money because fiat money is real and government-made money used for day-to-day transactions and payments that are legitimate and trusted by the public. so for me it's impossible if crypto replaces fiat.

[bce]

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.

everything is possible, but to replace the fiat currency I think it takes a long time and process, because convincing people is very difficult

[Mainman08]

I think it will be fair if we only use crypto in our daily life. Especially for those people who don't know how to use gadget and those people who don't have access in the internet. It is better if we use cryptos together with fiat.

[pocketfullofpoke]

That's one of the predictions of crypto experts that soon in the coming years, we will witness a cashless society as cryptocurrencies will have a complete takeover on fiat. The only question that remains in my mind now is that, when will be the disadvantages of using cryptos be addressed?

[legenduim]

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.

It is evident that even the toughest crypto fans cannot live without traditional money. They regularly use fiat to buy Bitcoins and altcoins as well. They sell and buy things for their national currency.

[dimox]

no one know how much every people hold, except the party concern like government or the other party. because government will make anticipate about totality fiat replaced. maybe they will track and record your activity. but im sure it wont be happen. many problem that can be obstacle for crypto to replacing fiat

[Hans17]

For me is that crypto will positively replace fiat on some future days but it cannot be totally replace, maybe my assumptions is 2050 something like that because day by day technology evolve no doubt that sooner or later it the world would be a technological era so on and so forth.

[trungquoc4622342]

This is unlikely because the purpose of crypto is to make online exchanges fast, safe and anonymous. It's not a complete replacement for Fiat and especially many governments have not yet accepted the crypto as legitimate so I disagree with this view of you.

[basyang]

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.

Yes Indeed, Fiat will never be replaced by bitcoin.Since in the New Era fiat or physical money is one of most useful tool in transaction, trading and so on. It will never replaced by an virtual money though it is one of a trend tools in the world still it will defest physical money since it is more convenient to use and proved and tested till this year. You are right about Bitcoin is more suitable for investment because it can be in a short and long term investment.

[bitcon]

according to me there are many possibility to crypto replace and lot of people are investing with the trust.

"According to me"... LOL. No, man, you are wrong. The cryptocurrency cannot replace fiat ever. Many people will not accept it for different reasons - complications connected with its usage, first of all.

[barabarian1]

I think it will be very difficult if Crypto completely replaces the fiat currency. in my opinion until whenever fiat will definitely be used by people. we know there are still many people who have not been able to take advantage of the current technology. I think it will have an impact on small transaction activities that will become more complicated when using crypto.

[criza]

When there are new and fresh things emerged, some 'old' stuff were becoming obsolete. And this is one of the major questions I think we are all thinking of whether Cryptocurrencies will evwntually replace fiat in the near future? Well, personally, I think that it will never happen. Although I must admit that Cryptocurrencies will still continue to grow and expand. However, the growth and the development of cryptocurrencies will not necessarily mean that it will decrease the value nor the function of fiat in today's society. Both currencies, the digital and physical, will still exist, and they will cp-exist with each other simply because they are different currencies that have different significance, and different features.

[KorakPawon]

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 it will happen. how famous bitcoin is, it will never take fiat's position because we still need fiat as choices of somebody in doing transaction. Besides, bitcoin is digital, fiat is physical, they can be cooperated, not to change one another. 

[usticiann]

Use a cryptocurrency which uses an anonymous ledger. That's the answer. Pure and simple. And take good care of your wallet too.

[voltesbit777]

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 personal opinion regarding about this things, for now I don't see it that will happens. Fiat was very important so far in every country.
It could maybe happen but it will take more decades before it happens. And besides, crypto currencies at the present time now no doubt it gave helped to anyone to have profit through it, just like me it helped me a lots to sustain all the expenses I have every month.