Crypto replacing fiat?

[playboy654]

Cryptocurrency will not like the normal currency lots of differences are available between the normal currency and the cryptocurrency because it was not controlled by anyone but in Fiat currency it is totally different the government makes it for their economy only.

[BennyK]

Crypto and fiat both have their own benefits and disadvantages when it comes to finances. Crypto is more contemporary and belongs to people who can read, write and understand how the Blockchain works in order not to make wrong transactions to wrong address because verified transactions are irreversible.
Fiat also has the full support of the governments and it is more familiar to the people because it does not require and special training in order to buy and sell with it. I believe both crypto and fiat must be allowed to coexist and compliment each other in order to provide a better financial life.

[Gheka]

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.   

without the Fiat money the future will not been going well because in this world all the people will not technically developed in their mind set so the normal currency will also useful for them to live peacefully but cryptocurrency is also needed for a technical economic development.

Agree, Fiat is an important factor that helps our life activities follow simple and easy directions, and that's why it still exists so far, so useful and bringing so much convenience to everyone, removing or replacing it is impossible. Although crypto is necessary for development but at a certain angle, this is just a development of modern technology, more precisely, it is an option for those who need it and like it, and I can feel that the number of people who like crypto is very small while the number of people supporting fiat is too much, the replacement is a dream.

[Adriano2010]

I think not, there will not be replaced fiat by crypto, even if people will want, there will still be used fiat money for the needs and some people still can't use cards to pay for food on some places, and is hard to implement crypto for all, some old people will still don't know how to use.

[CandyIzDelicious]

in my opinion it is difficult to replace banknotes with crypto, because there will be many obstacles that will be encountered, for example for daily sale / purchase transactions in the community.

[Xampeuu]

I think not, there will not be replaced fiat by crypto, even if people will want, there will still be used fiat money for the needs and some people still can't use cards to pay for food on some places, and is hard to implement crypto for all, some old people will still don't know how to use.

I look from the government side. of course they consider the heterogeneous society of the digital world. on the other hand, of course the decentralization system is still being debated. so I think fiat cannot be replaced by crypto

[Sithara007]

I believe that while cryptocurrency can not replace or oust Fiat.  Because I do not see problems that they both existed.  So that you can freely transfer from cryptocurrency to fimt and vice versa.

Don't you really see the problem with fiat? There are a lot. Essentially Bitcoin is here not to replace fiat but it could happen in the future anyway. Many Bitcoin supporters want to replace fiat with Bitcoin, this is why questions like "Why fiat should be replaced by Bitcoin" or "Why is it better to use Bitcoin rather than fiat" are very popular among Bitcoin community. Bitcoin is used by few party as a tool to fight against government in order to replace centralized system. However, Bitcoin can always live together with fiat and no need to force it to be a main form of payment, let's just wait which will die first and which will survive.

None of the world governments are going to allow the replacement of fiat with crypto-currency. In case they do that, the governments will lose control over their economies and they'll have to deal with issues such as capital flight. This scenario is possible only in some of the libertarian micronations and not in any of the UN member nations.

[Odette]

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.

 I agree with that, cryptocurrency indeed a helpful thing for everyone at this moment, it cuts the extending boundaries between opportunities and people and it make any transaction less time consuming, and several projects are now offering less consuming effort which very beneficial to us like medical insurance by Afri Health that mainly focuses on giving medical solution through the help of blockchain technology. People should start seeing the benefits and positive side of cryptocurrency and a cashless way of making connections and transactions as well with other people.

[akram143]

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.   

if it is happened that changes will be not comfortable for all the people that's why both the currencies are wanted and needed to be live a peaceful life for each and every person in this world if the cryptocurrencies only available in the future then that must be lots of difficulties to use the payments for everyone.

[sakokinak]

I believe that while cryptocurrency can not replace or oust Fiat.  Because I do not see problems that they both existed.  So that you can freely transfer from cryptocurrency to fimt and vice versa.

It is not possible as crypto needs the Internet connection which is not available for many people. Probably, something very unusual, ULTRA modern happens in the future, and the cryptocurrency can be used without it. Now, fiat rules.

[yohananaomi]

may not replace fiat, but there will be a method of payment using crypto. because we know not all around the world who know about crypto. perhaps in developed and developing countries may happen but fiat is not possible to replace.

Obviously I strongly believe that, crypto will not be able to replace fiat, because we know that there are still many countries that are not yet familiar and do not understand crypto, even some who are familiar with crypto, cannot fully accept as legitimate payments especially to be substituted fiat. still need time for this change.

[freedomgo]

may not replace fiat, but there will be a method of payment using crypto. because we know not all around the world who know about crypto. perhaps in developed and developing countries may happen but fiat is not possible to replace.

Obviously I strongly believe that, crypto will not be able to replace fiat, because we know that there are still many countries that are not yet familiar and do not understand crypto, even some who are familiar with crypto, cannot fully accept as legitimate payments especially to be substituted fiat. still need time for this change.

There are some experts who predicted that it will only be bitcoin and gold that will remain in the future.
Well, we never know but at the status now, it's hard to believe we will be living that kind of set up in the future.

I won't complain of course, that happening will make me rich, but I'm thinking it's less likely to happen or almost impossible.

[logicgate]

I think not, there will not be replaced fiat by crypto, even if people will want, there will still be used fiat money for the needs and some people still can't use cards to pay for food on some places, and is hard to implement crypto for all, some old people will still don't know how to use.

I look from the government side. of course they consider the heterogeneous society of the digital world. on the other hand, of course the decentralization system is still being debated. so I think fiat cannot be replaced by crypto

According to me it is possible because now a day people have become so digital and they are investing more in crypto currency as it give them future safety and they are using more crypto than fiat to buy goods of their daily needs even without going out for the malls and shops in this hot summer so for me future of fiat is darker as compare to the crypto currency or the bitcoin.

[otong]

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 agree with what you convey with that all fiat currencies cannot replace paper currency directly. Problems of legality and introduction to society are very difficult and are likely to adopt an economic system used by the crypto currency itself

[bonker]

Because it was very very low because the people in this world using most of the time the normal money only want then the cryptocurrency but I don't know about the future to change the statement but still now the possibility of beating the normal currency using the cryptocurrency is not available.

[sirminesalot]

I think this could be changed but for now it is very difficult to achieve it, if crypto replaces fiat, of course there will be many negative and positive impacts, such as payment transactions will be fast, and the shortcomings as well as when the transaction is disrupted will disrupt the process

[dameh2100]

I think this could be changed but for now it is very difficult to achieve it, if crypto replaces fiat, of course there will be many negative and positive impacts, such as payment transactions will be fast, and the shortcomings as well as when the transaction is disrupted will disrupt the process

Yes, that’s right. For now crypto is for investment purposes only. If the time comes, when many people adopt crypto and can understand its purposes and its usage, we can live in better place like what you said.

[bitcoinst]

Unless a cryptocurrency becomes more profitable and more convenient to use than ordinary money, none of the ordinary non-crypto people will use it for regular daily payments in everyday life.

[Best Dreams]

I think this could be changed but for now it is very difficult to achieve it, if crypto replaces fiat, of course there will be many negative and positive impacts, such as payment transactions will be fast, and the shortcomings as well as when the transaction is disrupted will disrupt the process

Yes, that’s right. For now crypto is for investment purposes only. If the time comes, when many people adopt crypto and can understand its purposes and its usage, we can live in better place like what you said.

It shows we are getting towards the well developed era where we can recognize the value of technologies we should try to use crypto currency more than fiat because it has good effect on our life, it saves our time and it gives us opportunity to earn we can use it at anytime to buy goods of our daily needs, we can do anything with crypto what we were doing with faith.

[joinfree]

You got it all wrong @OP.  The use of digital payment system system is not as bad and vulnerable as you think it is, if people are actually taught how to use cryptocurrency  to make payment i am sure they would have no problem with that. trading with cryptocurrencies is very simple than most people actually think . Don't also forget that on the bitcoin blockchain, nobodies know who owns a specific address so you don't have to feel bad about any invasion of privacy when it comes to your funds.