Crypto replacing fiat?

[Spaffin]

if cryptocurrency is widely used in everyday life as a means of payment, it will be practically a revolution in the financial sector.  But for this it is necessary that people make this choice themselves, and for this it is necessary that everyone understands and knows about the advantages of cryptocurrency over fiat funds.  One of the most beneficial features of bitcoin for a person is its limited amount, which will not allow the government to create inflation and print new money, increasing their amount.

[hahay]

if cryptocurrency is widely used in everyday life as a means of payment, it will be practically a revolution in the financial sector.  But for this it is necessary that people make this choice themselves, and for this it is necessary that everyone understands and knows about the advantages of cryptocurrency over fiat funds.  One of the most beneficial features of bitcoin for a person is its limited amount, which will not allow the government to create inflation and print new money, increasing their amount.

But in fact every user would prefer to hold it rather than spend it, with many assumptions about those who prefer to hold it it seems difficult or maybe crypto will never change the main function of fiat. But anyway, the revolution will definitely come in the future but I'm not sure about crypto because even though the revolution is in the financial sector at least the government will make efforts to have its own digital currency.

[Ziskinberg]

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.

At least you know the risk, you'll be able to manage your funds properly, you don't have to bring all your money, put the rest in the bank so it will be secured as in the bank, they have an insurance system for your deposit, however, for big time depositors, they really need privacy and they can't get that in the bank as although bank will promise to keep your information confidential, but they are just human, some are corrupt and willing to break the law just to steal that big money of yours.

[FanatMonet]

Cryptocurrencies will not be able to replace fiat, at least in the near future, because There are still too many places on Earth where there is either no good Internet connection, or people are very poor and cannot afford smartphones, laptops and other devices to handle cryptocurrencies.

[ningrum]

Cryptocurrencies will not be able to replace fiat, at least in the near future, because There are still too many places on Earth where there is either no good Internet connection, or people are very poor and cannot afford smartphones, laptops and other devices to handle cryptocurrencies.

Fiat is still a god in this world, always a symbol of the world in existence, before the United States gave permission for the crypto currency to take over,
then we still see a war between Fiat and crypto currencies

[aakay]

Clearly cryptocurrencies have really been regarded as a major online asset which most people regard well now even more than fiat, but the truth is that cryptocurrency cannot replace fiat totally. Both can co-exist but crypto cannot totally replace fiat.

[Gheka]

Cryptocurrencies will not be able to replace fiat, at least in the near future, because There are still too many places on Earth where there is either no good Internet connection, or people are very poor and cannot afford smartphones, laptops and other devices to handle cryptocurrencies.

Fiat is still a god in this world, always a symbol of the world in existence, before the United States gave permission for the crypto currency to take over,
then we still see a war between Fiat and crypto currencies

Indeed, fiat has always been a god of every nation, although crypto can grow very well up to the present time, but when a struggle to take the position of fiat begins to happen, fiat has always shown an overwhelming support from users while the crypto community still seems too small in this ocean, even when consulting with the leading countries in the world, they are still interested in fiat and refuse to merge with crypto. The future may have many changes to the currency but in general, fiat still plays a key role in the revolution.

[Psynthax]

Cryptocurrencies will not be able to replace fiat, at least in the near future, because There are still too many places on Earth where there is either no good Internet connection, or people are very poor and cannot afford smartphones, laptops and other devices to handle cryptocurrencies.

That's such a weak reasoning, if what we are talking here that has a higher chance of replacing fiat which is stablecoins that are mostly centralized they simply could implement sending and receiving coins through SMS and other traditional method, if that got implemented internet will not necessary for making transaction.

[Subbir]

We can manage cryptocurrency from anywhere but within the case of Fiat, it's impossible  Everything requires top-quality to use Fiat. there is a Fiat market before crypto it's never-ending Although crypto is currently far before fiat cryptocurrency can never replace fiat. As Fiat is centralized transactions need to be taxed. Weak class people can never use Fiat they're unable to offer top quality of Fiat.

[imstillthebest]

Cryptocurrencies will not be able to replace fiat, at least in the near future, because There are still too many places on Earth where there is either no good Internet connection, or people are very poor and cannot afford smartphones, laptops and other devices to handle cryptocurrencies.

That's such a weak reasoning, if what we are talking here that has a higher chance of replacing fiat which is stablecoins that are mostly centralized they simply could implement sending and receiving coins through SMS and other traditional method, if that got implemented internet will not necessary for making transaction.

this is the age of internet and everyone relly on internet while sms is old and are already slowly getting extinct  but there are actually a service before where you can send and recieve money via sms but eventually when internet takes place it got replaced and those company are now using an app that is powered by internet to be able to send and recieve money  . but i agree on your first opinion  , indeed stable coins have more chance than crypto in terms of fiat replacements   .

[schuriken]

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 dont think we see this happen soon.we should wait to everyone accept crypto as a asset and currency first.then in time we see alot of change for economy .one of them is fiat and im sure crypto and blockchain will replace fiat 100% .

[Bezobraznike]

-seen

i dont think we see this happen soon.we should wait to everyone accept crypto as a asset and currency first.then in time we see alot of change for economy .one of them is fiat and im sure crypto and blockchain will replace fiat 100% .

   Schuriken I don't think we will see this happening soon, but I see it happening in the future. In discussions
about it some people believe it will happen in 50 years or more, by that time many of us, I am over 40, will
not be alive to see that happening! But that doesn't mean I should lose hope and not believe in that. Maybe
I will be lucky to see this and spending some of my crypto-currencies I am buying for some time already!

[Ridwan Fauzi]

Cryptocurrencies will not be able to replace fiat, at least in the near future, because There are still too many places on Earth where there is either no good Internet connection, or people are very poor and cannot afford smartphones, laptops and other devices to handle cryptocurrencies.

You need to see this article to give enlightenment that in the near future we will see the transaction of bitcoin can be used without an internet network.

We will see bitcoin will be a common thing that is used by most people in this world. And dismiss some of the chatter who considers that bitcoin transaction is too expensive.

[rodskee]

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.

Yeah I do agree with you both crypto and fiat are important for our life if we will ignore fiat it will affect our economy and if we will remove crypto it will make us so many earning resources. So I think both of them are important and we should use both in our life. None of them is Replace me able but the other reality is now people prefer using crypto more than fiat as its easy to use and saves our time.

And also i was thinking about why did many posts here are talking
 or asking about the Fiat to disappear ?Does Fiat
affect the value or the use of cryptocurrencies in bad ways?i know
that Fiat and crypto at some point are both can
 be use for payments but it doesn't mean one of them needs to be
 gone instead they are both usable in future
and also both will be needed in their own areas of beneficiaries .

[Psynthax]

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.

maybe your opinion may be incorrect, because after all fiat is still the best, to be used as all daily needs compared to crypto. Even though crypto has dominated the world, fiat needs are needs that cannot be eliminated because they are accustomed to being used before the birth of crypto.

World always advancing with its technologies and in the future if cutting down trees for the sake of these paper money deemed to be harmful we'll have no choice but to use digital currency. We never know what kind of currency will be used in the future but paper money will definitely gone to oblivion because it's just not practical anymore when our technology becomes too advanced.

[johngrayson]

I think that people should have a choice to use cryptocurrency or fiat money, otherwise it will be coercion, and then even cryptocurrency will become something sinister.

[brotherwood12]

still hard for cryptocurrency to fully replace fiat , its hard to implementation for low- mid class people they probably not get enough resource to study about it .

[aakay]

Crypto will only replace fiat when we start seeing crypto as a medium of transaction as we understood fiat to be rather than seeing crypto more like an investment to generate profit. By buying when the price is lowing hoping that the price will appreciate so we sell and make profit

[solomine]

No, never replace. But crypto and fiat can coexist peacefully. It is only necessary to facilitate the exchange. Now stablecoins are helping. Especially those that have their own card, like eurg

[billykannithi]

I think cryptocurrencies are hard to replace fiat money or it will take a lot of time. Because cryptocurrencies are decentralized, decentralized, unchecked - something governments don't like. Money is the power and power of each nation. Therefore, cryptocurrencies are always constrained and banned in many countries