Crypto replacing fiat?

[logicgate]

I love digital currency to use and hold. I know Bitcoin will be the one currency in one world. But Fiat will have existed. I won't say that Fiat won't exist. There is no doubt one day Bitcoin will be more popular than Fiat and it's already happening day by day.

It is believed that digital money is very easy to store and can be used more quickly even for transactions. but we know that there may still be many countries that are not familiar and recognize as legitimate transactions. so it still takes time if digital money will be able to replace fiat.

Truly it takes time but for me this isn't hard as should be obvious even now individuals have begun to utilize cryptocurrency more than fiat now, every day more stores are accepting crypto currency  and a similar route estimation of digital currency is getting down so I am sure one day in my country fiat cash will move toward becoming disappear and just digital money will be there to use for online and offline purchasing.

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[Ziskinberg]

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

I guess that a few people use crypto instead of fiat even now. Nevertheless, if we speak about the whole society, it is not possible that virtual money could ever replace traditional currencies. People need fiat more.

Right, the government has been controlling the financial system of this world, fiat is the most popular now and even if bitcoin is gaining popularity, fiat will still be widely use by the people, and that's because of the trust since it's the government that created the money.

Bitcoin on the other hand is decentralized, we cannot force people to use to as it's not also regulated and this should not be in full regulation since it's purpose is just a payment system which is an alternative of fiat.

[syamster]

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

I guess that a few people use crypto instead of fiat even now. Nevertheless, if we speak about the whole society, it is not possible that virtual money could ever replace traditional currencies. People need fiat more.

Right, the government has been controlling the financial system of this world, fiat is the most popular now and even if bitcoin is gaining popularity, fiat will still be widely use by the people, and that's because of the trust since it's the government that created the money.

Bitcoin on the other hand is decentralized, we cannot force people to use to as it's not also regulated and this should not be in full regulation since it's purpose is just a payment system which is an alternative of fiat.

For me crypto currency has become more famous to buy and to sell goods than fiat and most of my friends are using bitcoin as compare to fiat, having so many bitcoin we can carry with us and can reliably use whenever we want but having fiat can put us in danger of life so better use crypto or the bitcoin only as our future is connected to it.

[omone1]

This may not happen soon not even in the next 50years because of villages and some community that have limited access to education and technology. Both can work side by side, total replacement is still a long walk to hold.

[Ayiranorea]

Cryptocurrency replacing the fiat might happen but when this is gonna happen is truly very far from the present. There is more and more acceptance and adoption as well people were getting much attached and willing to be the part of the cryptocurrency user community. This I found in a video where random people were asked whether they take cash or cryptocurrency if offered. Majority has chosen cryptocurrency and even the people who haven't known about show interest on trying it.
Source : YouTube, Link : https://youtu.be/exRCX38tHks

[MonaLeeTracy]

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.

for now it is impossible that this will happen because the development of crypto currencies has not been fully accepted by all countries and my belief that the development of crypto currencies will be rapid and later it will not even be possible to replace fiat currencies and none of them can know for sure

[Godday]

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 the opinion you convey and in my opinion the government will later adopt an economic system that is used for crypto currencies and may be used to make fiat currencies develop along with technological developments

[kodtycoon]

This may not happen soon not even in the next 50years because of villages and some community that have limited access to education and technology. Both can work side by side, total replacement is still a long walk to hold.

and again crypto does not have a stable price for a long time, even it is unthinkable if crypto is able to have a stable price in the future, there is still much that must be developed in crypto if there is a future prospect to replace fiat, but i'm sure it doesn't will happen

[7788bitcoin]

It is almost impossible fiat to be replaced with crypto. Once the governments see all the advantages that comes with the blockchain tech probably fiat will become crypto.

Do you mean the will replace fiat currency and come up with a centralized currency, that is a real possibility in the next 50 years but never think about that revolution to take place anytime now, majority of the government are trying to make things digitally to have a complete control over their citizens and if they come up with a centralized crypto the government will have the upper hand to monitor every transaction, but i do not think it will be a realistic thought process.

[OrangeII]

This may not happen soon not even in the next 50years because of villages and some community that have limited access to education and technology. Both can work side by side, total replacement is still a long walk to hold.

and again crypto does not have a stable price for a long time, even it is unthinkable if crypto is able to have a stable price in the future, there is still much that must be developed in crypto if there is a future prospect to replace fiat, but i'm sure it doesn't will happen

basically it's very difficult to make the fiat a volatile exchange tool quickly. however, people need something stable to become a currency. so, maybe this is still very difficult to think about. but, many people use bitcoin as an alternative payment on the internet.

[Vaculin]

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 the opinion you convey and in my opinion the government will later adopt an economic system that is used for crypto currencies and may be used to make fiat currencies develop along with technological developments

If crypto will be popular in the future, the government can make their own crypto, and people will use it, and I think it's more like an stable coin. The government knows crypto, but they don't want people to get anonymous in using it, they like to monitor us people, so they would not allow that we will be using bitcoin or other popular crypto as that would defeat their purpose.

[haidil]

It is almost impossible fiat to be replaced with crypto. Once the governments see all the advantages that comes with the blockchain tech probably fiat will become crypto.

I think it can happen but sometime when it happened because in various parts of the world fiat money is still being used ... moreover about people who are unfamiliar about crypto they will find it difficult to accept the need for an approach to all groups

[breathlessz]

It is almost impossible fiat to be replaced with crypto. Once the governments see all the advantages that comes with the blockchain tech probably fiat will become crypto.

I think it can happen but sometime when it happened because in various parts of the world fiat money is still being used ... moreover about people who are unfamiliar about crypto they will find it difficult to accept the need for an approach to all groups

I think for Fiat to be Crypto has a high difficulty. where with crypto the government cannot regulate it. and whether the government is willing for this. because until now no government has volunteered it, even though it legalized crypto

[Yukyzu]

It is almost impossible fiat to be replaced with crypto. Once the governments see all the advantages that comes with the blockchain tech probably fiat will become crypto.

I think it can happen but sometime when it happened because in various parts of the world fiat money is still being used ... moreover about people who are unfamiliar about crypto they will find it difficult to accept the need for an approach to all groups

if that happens, I think there will be instability in the economy. a country also needs fiat, while bitcoin is an exchange tool that has become international. I don't think this will happen, and there are still many shortcomings for bitcoin to replace Fiat.

[Nellayar]

I wish this can happen in future but our government will not allow it.

Seems like your concept is contrary to what you want to say. Yes, it could be possible for crypto to replace fiat currency. As long as it will become favorable with the cryptocurrency, but as of now the government seems to be unhappy with crypto. In addition, the continuously growing rate of scam projects become the obstacle to attain the goal of crypto. And it is the reason why many governments don't want to use cryptocurrency in their country.

[joinfree]

If cryprto successfuly replaces fiat i doubt there would be any problems as you are speculating right now and nobody can trace to you your amount of holdings of Bitcoin or Ethereum. Remember the blockchain technology though transparent is also anonymous in its transactions. I really can't wait to see this day you know, When crypto finally replaces fiat currency.

[coin_ghost]

I dont think its practical to replace fiat currency with crypto unless there is some offline version of it as easy to spend as paper money. In real life and in most places around the world there may be power outages, poor or no internet, ignorance about using technology. But in all these places people need to buy food and conduct business. Crypto isn't really a substitute for this yet.

[Vaskiy]

Cryptocurrency replacing fiat never gonna happen in the short or long term, it isn't that an easy task. We haven't got such a big support all around the globe, to experience full on bitcoin without any fiat usage it is a must to have every Marketplace accept bitcoin. Right now we may find few Marketplaces in specific locality accepting bitcoin and further for a long distance there won't be any other stores accepting bitcoin.

Though it is called internet money, there is a need to make it used by each and every common people. This is how it is possible to make fiat get replaced by bitcoin.

[dat.ho12492]

I think it would take long time to replace the fiat into crypto since the crypto it is not yet regulated by the government still the fiat money are the main currency in its country,crypto is only a digital currency that we cannot purchase all our daily needs everyday.

Digital currency is a name for crypto but it does not reflect the nature of crypto, we call it as a currency but unfortunately, we can't use it in life and even if we can use it, it's not comparable to fiat in terms of convenience. The value that it can provide is a currency that can circulate in the crypto world, an opportunity for us to invest, the crypto instability is so famous, and with this element, it is more than enough for crypto to not replace fiat, people need something stable to use regularly, not a temporary use

[wxxyrqa]

I think that the volatility of cryptocurrency primarily depends on the risks that exist in the cryptocurrency market and that volatility will primarily affect the use of cryptocurrency in everyday life.  But today the first problem is to legalize cryptocurrency, albeit not in the whole world, but at least in individual countries.