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Author Topic: Crypto money will kill fake money  (Read 1035 times)
Neo.op (OP)
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August 05, 2018, 01:24:39 PM
 #1

Everything in our lives is now in our phones.
Why should we carry a wallet or credit card?
I really do not understand that.
millions of counterfeit money is printed every day
There's a lot of fake money in the world.
Can credit cards prevent this?
Bitcoin will kill them.


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Garuda88
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August 05, 2018, 02:37:43 PM
 #2

Everything in our lives is now in our phones.
Why should we carry a wallet or credit card?
I really do not understand that.
millions of counterfeit money is printed every day
There's a lot of fake money in the world.
Can credit cards prevent this?
Bitcoin will kill them.


I think crypto is created to be a bridge between traditional systems and the digital economy, not to replace the entire financial system. Because if crypto starts to replace the currency, there will be no more speculation that will make this industry fluctuate.
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August 05, 2018, 02:47:31 PM
 #3

Everything in our lives is now in our phones.
Why should we carry a wallet or credit card?
I really do not understand that.
millions of counterfeit money is printed every day
There's a lot of fake money in the world.
Can credit cards prevent this?
Bitcoin will kill them.



I doubt if it will not every country around the world are with good technology, there are still third world countries that rely on fiat money and besides government will not let these things happen, they want full control and they want to issue their own local currency which is fiat so it's a long shot.

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mirawantirinjana
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August 05, 2018, 03:09:03 PM
 #4

Everything in our lives is now in our phones.
Why should we carry a wallet or credit card?
I really do not understand that.
millions of counterfeit money is printed every day
There's a lot of fake money in the world.
Can credit cards prevent this?
Bitcoin will kill them.



that's what interests me in crypto currencies, especially bitcoin, I really agree with all your complaints, especially the manufacture of counterfeit currencies that occur in FIAT currencies, with other bitcoins and altcoins then all the things we fear will soon disappear
vladuch1
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August 05, 2018, 04:22:36 PM
 #5

Everything in our lives is now in our phones.
Why should we carry a wallet or credit card?
I really do not understand that.
millions of counterfeit money is printed every day
There's a lot of fake money in the world.
Can credit cards prevent this?
Bitcoin will kill them.


Counterfeit money has always existed in the world. This problem is not so easy to solve. I do not think that bitcoin can completely kill fake money. Fraudsters do not sleep and every day they come up with new ways to cheat people.
duongdaiduong
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August 05, 2018, 06:08:26 PM
 #6

I'm looking forward to a nice day, just touch the phone to pay any bill by BTC.
citydragoon
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August 06, 2018, 09:48:30 AM
 #7

Crypto is too strong eco-system which in development which is developing in quite independent way. I think that it is possible for crypto to kill fake money.

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Red-Apple
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August 06, 2018, 10:59:50 AM
 #8

true but it won't eliminate scams.

the scammers won't just go away because bitcoin is being used. the type of the scam changes and they continue ripping off newbies. for example one of the common methods have been ICOs which is basically the same as "fake money" since they are not real and there is nothing behind them but 1 person writing a simple code. or the new short lives scam called forking bitcoin where they kept creating forks of bitcoin and called them "real bitcoin" and fooled people.

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Anewor
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August 06, 2018, 11:06:22 AM
 #9

It may but only until if cryptocurrency will be used in our daily life. We have this problems for several years way back in the old times and until now when printers and high quality scanners can recreate an almost identical copy of the paper money. Now there is much to do with cryptocurrency before it can be used like stores opening with cryptocurrency payments and so many other ideas.
inillo
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August 06, 2018, 11:25:37 AM
 #10

Everything in our lives is now in our phones.
Why should we carry a wallet or credit card?
I really do not understand that.
millions of counterfeit money is printed every day
There's a lot of fake money in the world.
Can credit cards prevent this?
Bitcoin will kill them.




I wish that was true, but as it is now, cryptos have created more problems than they have solved due to scams, hackers and many dubious practices in the management. I think it will get better in the future.
jazz1984
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August 06, 2018, 11:26:06 AM
 #11

I do not think that bitcoin will kill the fiat money, but maybe it will be the first step to this new technology that can replace the fiat.
AzureDragon
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August 06, 2018, 12:09:55 PM
 #12

I'm sure that BTC won't kill usual money. At least in nearest 10-20 years.
Traditional financial systems are too inertial and wide spreaded.
The main disadvantage of crypto is its big transaction time. While this problem be solved crypto become new fiat.
Mianae
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August 06, 2018, 12:26:19 PM
 #13

This will only happen when eventually there is mass adoption which is still far. Don't forget that the volatility as seen in the crypto space will as well not make this happen. Btc will keep gaining its grounds but not to take over fiat currency entirely.
bandungan
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August 06, 2018, 12:27:44 PM
 #14

I think crypto money was created to be one of the money balancers, because with crypto money online payments can be used easily and this becomes very practical. so I think to kill real money I don't think it will happen.
Piskeante
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August 06, 2018, 12:29:58 PM
 #15

cryptomoney cannot kill itself.

BTC no more than 6k by end of 2019. ETH no more than 300$ by end 2019. Huge market manipulation, huge amount of scammers and hypers.
alex_kir
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August 06, 2018, 12:30:28 PM
 #16

Now many people are starting a dispute that the money is better than the finest money and that it is now the finest money all over the world. But let's remember the Internet? There were similar situations. But in general, the world has become better.
vinceB
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August 06, 2018, 12:30:56 PM
 #17

Yes thats what i see in the future that bitcoin will be the cash not dollars or money. but i think its so long 20 yrs from now maybe? cause people will always using cash
MetalGear
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August 06, 2018, 01:46:21 PM
 #18

Everything in our lives is now in our phones.
Why should we carry a wallet or credit card?
I really do not understand that.
millions of counterfeit money is printed every day
There's a lot of fake money in the world.
Can credit cards prevent this?
Bitcoin will kill them.



For my opinion bitcoin is created to connect the tradition ways and the modern way of transaction. Fake money is also like a form of scam in the cryptocurrency world. It can be a money balance to regulate the number of money will be printed but not to regulate the fake ones since it can be answered by the cryptocurrency.
Mr.Spreadthehamster
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August 06, 2018, 01:57:59 PM
 #19

It cannot kill fiat money totally.
Once we will see how crypto can be used equelly with fiat (fiat may be will go to digital form also).

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August 06, 2018, 02:01:55 PM
 #20

The original intention of Bitcoin was to become a virtual currency that preserves value like gold. However, in recent years, the industry has covered a wider range of applications. Some new technologies have already changed the industry. But I believe that this industry will have better development in the future and people will need it.
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