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Author Topic: Crypto money will kill fake money  (Read 1035 times)
luckydevil2021
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August 10, 2018, 08:22:32 PM
 #181

no system is infallible and cryptos also have a lot of bugs, you may not be able to fake them for now, but they can be hacked and lost easily if the user is not careful, I don't think BTC will replace fiat at any time soon, what I think is going to happen is a union to have the best of both, in the end I don't think bitcoin is intended to replace fiat,Is just here to streamline and improve processes already established
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hotBriX001
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August 10, 2018, 11:00:45 PM
 #182

I agree with this. I have heard about this possibility and think that this is a good idea. I think that it is possible and I can say that such opportunity makes me happy as I am against fakes

This is really possible that crypto will kill fake money because people are thinking to get earn in a good and clean money just like cryptocurrency. Get earning with fake money is an illegal doings and no good benefits to our economy growth. So its better to invest in cryptocurrency and as much as possible dont get attracted to fake and easy money at all.

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August 11, 2018, 03:38:11 AM
 #183

This will just happen when in the long run there is mass appropriation which is still far. Bear in mind that the unpredictability as found in the crypto space will also not get this going. Btc will continue picking up its grounds yet not to assume control fiat cash totally.
shashkova
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August 11, 2018, 04:08:37 AM
 #184

Fake money will be there as long as fiat money is in use. Bitcoin will only kill fake money if it kills fiat which for me will not happen.
sufiasyl
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August 11, 2018, 07:20:00 AM
 #185

Credit cards have been able to prevent this to a large extent, however, there's also a part of people who can't really use the credit card from their day to day life. And as far as cryptocurrency is concerned, it's a bridge between the digital system and the traditional system, it's not been created to replace the central currency of the world, that is the purpose of cryptocurrency is different. For the fake money issue, I hope the world will recover from this situation soon.
singularcrypto
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August 11, 2018, 07:22:54 AM
 #186

Some people will agree with what you say. This is because digital currencies are difficult to fake, unlike fiat currencies. But the fact is, crypto is not used by everyone in every country. So it will be difficult to prevent the circulation of counterfeit currencies in this world.
320hz
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August 11, 2018, 07:24:04 AM
 #187

I think that the crypto currency will always be in second place after the fiat money. The government always protects the money, so they will not die.
Jombrangs
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August 11, 2018, 04:30:18 PM
 #188

That is true! Because the cryptocurrency cannot be easily fake unless it was intentionally scam. In other countries there is a strict regulations that governs this and helps them to maintain the unity.
bit..what?
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August 11, 2018, 04:37:39 PM
 #189

I see this as one of the benefits of crypto money that you can not fake it.
Thats one of the best reasons why crypto money should be used.
Thats why i think crypto money is good, because i can not be cheated so wrong.

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fairbee
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August 11, 2018, 04:52:12 PM
 #190

Is it really that much simple really? If we talk about crypto then many people really don't about security concerns. Even who used to trade every day those also. It's a facet really. No doubt it makes many things easy. But what if we don't have any internet at any time. Like many people even don't use the smartphone or even can't afford it. Even what about kids who want to buy just ice cream. Yeah, We are going towards next world of crypto then also need more innovation yet.
icreative998
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August 11, 2018, 05:07:01 PM
 #191

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 the bitcoin feature when created is anti-counterfeit, so in the future people will prefer to use cryptocurrency rather than cash. Because the convenience that it brings will help people buy products or make transactions quickly. Only the blocking of the blockchian still makes moin people feel anxious
dainoran
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August 11, 2018, 05:24:25 PM
 #192

I think, for Crypto money to kill counterfeit money seems difficult to do, replacing paper money with cryptocurrency, that's quite difficult. the use of paper money is still widely used by some countries as a transaction tool.
cryptoherr
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August 12, 2018, 12:31:41 PM
 #193

Bitcoin does really have the potential to kill them. But there are a lot of Problems at the Moment. The biggest ones at the Moment are the volatility and the tx fees

sumangs
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August 12, 2018, 12:32:01 PM
 #194

Yes it would since fake money won't bypass blockchain and smart contracts. I hope cryptocurrencies will be implemented immediately even there are issues it would still be convenient rather than staying up using fiat money. Transactions made easier and almost illegal source of money would be reduced due to cryptocurrencies features. It would be also better if the world will stick on one currency that is not own by the governments that's why bitcoin is the best candidate to be the global digital currency we should use when digital age is on function.
Nahdatullah
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August 12, 2018, 12:38:19 PM
 #195

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.


in my opinion no. because if bitcoin kills it all the same changes the official currency in that country. and you know if there is currently no country that officially recognizes bitcoin as the official currency in a country.
CardMate355
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August 12, 2018, 12:59:45 PM
 #196

There is hope that, when crypto will be accepted from all, it will reduce the risk of fake money.
Gaff
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August 12, 2018, 01:00:50 PM
 #197

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.


If the global adoption of cryptocurrency is realized then probably you are right but we need to uplift those countries that we considered a third world, to take a ride the evolution and a very difficult task to do in order to have one currency.
ExoticDynamics547
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August 12, 2018, 01:02:09 PM
 #198

People also think that crypto will vanish fake money that's why they support it.
MixedGalaxy214
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August 12, 2018, 01:02:31 PM
 #199

Crypto was invented to run independently so no one can misuse it.
WiredContent55
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August 12, 2018, 01:02:53 PM
 #200

I think one of the major goal of creating crypto is to reduce the use of fake money.
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