Crypto replacing fiat?

[Semosuchi Tesongrato]

This thread has been dragging on for more than a year, and it does not seem to me that there is an improvement in the situation, as far as the public's knowledge of the crypto world is concerned.
Until there is a more stable change, and above all the use procedures will not be simplified, bitcoin will not be able to replace anything.

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[PIMPdev]

according to this crisis it would be a smart move but so far nothing happen

[Ozero]

Cryptocurrency was not created in order to replace fiat with itself, and it is not capable of it. Cryptocurrency, as well as other non-cash forms of payments, will only slightly displace cash. The world as a whole is gradually moving towards non-cash and digital means of payment. However, this process is lengthy and so far only partial.

[Twentyonepaylots]

Cryptocurrency was not created in order to replace fiat with itself, and it is not capable of it. Cryptocurrency, as well as other non-cash forms of payments, will only slightly displace cash. The world as a whole is gradually moving towards non-cash and digital means of payment. However, this process is lengthy and so far only partial.

But nonetheless on the way. Cryptocurrency is what some will would say, a better version of currency in itself. Anything fiat can do, cryptocurrency can do better in one way or another. As of now, ot may seem as though fiat is winning this race, but as you have mentioned, the process is gradual and it takes time to be fully implemented. So it is quite fallacious to say that cryptocurrency will remain as an asset and fiat continuing to serve its people. It is quite evident now that people are more inclined to the digital aspect of purchase, which is the first step in total adoption and use of cryptocurrency.

[MCobian]

It is impossible for crypto to replace fiat, because the government will not allow that to happen. I think it's better for both to exist,
because it can complement each other. Because from the first crypto was created not to replace fiat, but to eliminating third parties
such as banks. So financial transactions are more efficient and effective.

[Kurokonobasuke]

There are two perspective in this topic.

First, at some point it was a smart idea, because as we can see now, we are all in the modern world and all things can be manipulated by the new inventions or technologies. And many transactions now are in online like buying in your preferred stores.

Second, many people that does not have a smart phone are not have the ability to use crypto as their transactions. Not all people have a deep knowledge about crypto so that they prefer to use fiat currency.

[Vanessamix]

It is impossible for crypto to replace fiat, because the government will not allow that to happen. I think it's better for both to exist,
because it can complement each other. Because from the first crypto was created not to replace fiat, but to eliminating third parties
such as banks. So financial transactions are more efficient and effective.

first of all, I would like to correct you - it is indeed very hard for crypto to replace current fiat, but that is possible in general.
would it be very profitable for everyone? not now
I believe crypto will take its part of economy slowly, but surely in this decade

[Subbir]

It is impossible for crypto to replace fiat, because the government will not allow that to happen. I think it's better for both to exist,
because it can complement each other. Because from the first crypto was created not to replace fiat, but to eliminating third parties
such as banks. So financial transactions are more efficient and effective.

first of all, I would like to correct you - it is indeed very hard for crypto to replace current fiat, but that is possible in general.
would it be very profitable for everyone? not now
I believe crypto will take its part of economy slowly, but surely in this decade

I don't think crypto can ever get replaced with fiat currency Fiat currency is centralized and it's always under the control of the govt. Cryptocurrency doesn't control anyone and nobody will support Fiat for operating in crypto.

[Wintersoldier]

It is impossible for crypto to replace fiat, because the government will not allow that to happen. I think it's better for both to exist,
because it can complement each other. Because from the first crypto was created not to replace fiat, but to eliminating third parties
such as banks. So financial transactions are more efficient and effective.

first of all, I would like to correct you - it is indeed very hard for crypto to replace current fiat, but that is possible in general.
would it be very profitable for everyone? not now
I believe crypto will take its part of economy slowly, but surely in this decade

I don't think crypto can ever get replaced with fiat currency Fiat currency is centralized and it's always under the control of the govt. Cryptocurrency doesn't control anyone and nobody will support Fiat for operating in crypto.

The cryptocurrency couldn't really replace fiat currency because fiat was supported by the government and fiat money started to dominate since the 20th century, that is why it is being used globally. We also do not need for cryptocurrency to replace fiat because cryptocurrency should always be decentralized.

[verita1]

It is a thought out of the box. But if we can make that moment happen. It is a futuristic vision because all the nations of the world should have the necessary infrastructure to adopt massive adoption.
I can only say that I love Crypto because it is the best way I have found to earn an income despite the volatility of the crypto market. Crypto is better than FIAT.

[Blackdeath]

It is a thought out of the box. But if we can make that moment happen. It is a futuristic vision because all the nations of the world should have the necessary infrastructure to adopt massive adoption.
I can only say that I love Crypto because it is the best way I have found to earn an income despite the volatility of the crypto market. Crypto is better than FIAT.

All of us here do really appreciate the use and the innovation of crypto, but it is impossible for crypto replace fiat for now, even there are a lot of countries who started to legalized crypto, it will be difficult for everyone to adopt it because not all of us has the enough technology and has the ability to buy bitcoin and other cryptocurrencies to use for their daily lives.

[FlightyPouch]

The cryptocurrency couldn't really replace fiat currency because fiat was supported by the government and fiat money started to dominate since the 20th century, that is why it is being used globally. We also do not need for cryptocurrency to replace fiat because cryptocurrency should always be decentralized.

It is not that it is supported but it is the currency being controlled by them. They would never let crypto currency replace fiats since we all know that cryptos are decentralized, as no one would control it, whales would be able to manipulate it. I think crypto currency would go side by side with fiat, as we can use fiat every day, that would be the same as crypto currencies.

[Ronaldcoin2017]

The cryptocurrency couldn't really replace fiat currency because fiat was supported by the government and fiat money started to dominate since the 20th century, that is why it is being used globally. We also do not need for cryptocurrency to replace fiat because cryptocurrency should always be decentralized.

It is not that it is supported but it is the currency being controlled by them. They would never let crypto currency replace fiats since we all know that cryptos are decentralized, as no one would control it, whales would be able to manipulate it. I think crypto currency would go side by side with fiat, as we can use fiat every day, that would be the same as crypto currencies.

I agree on that crypto will not replace fiat, because fiat is really controlled by the government and it is really more trustable than crypto this time. Because there are a lot of tricks in crypto that can be easily become scam and everyone may become a victim on it and lost its trust in crypto while in fiat we can all see that it is very much more legal than everything. Anyway we can still both used crypto and fiat and theres no harm on doing such thing.

[Kong Hey Pakboy]

The cryptocurrency couldn't really replace fiat currency because fiat was supported by the government and fiat money started to dominate since the 20th century, that is why it is being used globally. We also do not need for cryptocurrency to replace fiat because cryptocurrency should always be decentralized.

It is not that it is supported but it is the currency being controlled by them. They would never let crypto currency replace fiats since we all know that cryptos are decentralized, as no one would control it, whales would be able to manipulate it. I think crypto currency would go side by side with fiat, as we can use fiat every day, that would be the same as crypto currencies.

I agree on that crypto will not replace fiat, because fiat is really controlled by the government and it is really more trustable than crypto this time. Because there are a lot of tricks in crypto that can be easily become scam and everyone may become a victim on it and lost its trust in crypto while in fiat we can all see that it is very much more legal than everything. Anyway we can still both used crypto and fiat and theres no harm on doing such thing.

The government would rather choose the things that they could only control just like fiat currency, even there are now countries who have started to legalize the use of bitcoin and blockchain it is still impossible for crypto to replace fiat, that is why crypto could be an alternative way for making transactions.

[Averim]

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.   

This is a good moment for crypto, it is a good solution for financial operations like the online payment of bills and not only so yes, it could replace fiat.

[PIMPdev]

 :oat least now is the time will see how it turns in one year, dollar is not so stable now

[kopisusu]

But in reality cryptocurrency will never replace fiat currency, crypto has a price that always changes at any time while the dollar is more stable. If crypto wants to replace fiat then the value must also be more stable

[Snappycoco]

At some point in the near future, crypto will dominate the world but it doesn't mean that it would erase fiat in its existence. They both need each other in terms of usage and features.

[Lorence.xD]

The viability of cryptocurrency as a replacement for fiat is by margin is large. But you put the scenario where there is a public ledger, maybe it will help if this ledger is not made for public view this is an invasion of privacy in my opinion, if these hypothetical scenario comes into fruition that ledger should not disclose personal information of the people involved. If that were to happen, the government at that time should have a countermeasure for this happenstance that could endanger an individual or an organization. Overall, the viability of cryptocurrency as a replacement for fiat currency is positive because security will grow side by side with it.

[ReiMomo]

Fiat money is the traditional money that we are using on our daily transactions. Its value depends on the economic status or stability of every country. In the past where the coins have silver content that defines its value or amount. Nowadays, there's a lot of option of bringing flat money in your pocket that makes you prone to robbers instead you may just do an online transaction or a piece of PVC card that is much safer in doing transactions. BTC is good for storing your asset but it can't replace fiat.