Crypto money will kill fake money

[Chirs]

This is possible, but only when cryptocurrency is used in our daily lives. starting when the printer can make money imitations. Now there is a lot to do with cryptocurrency before it can be used for payment in stores.

[Malaya]

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.

This claim is highly ambitious. Too certain of what can be happened in the future about crypto money. Well, in this point of time, as much as we want to believe in crypto currency, having it as a use for many will not that be smooth for years from now. People are skeptic though many people have accepted this like you and me. The world has to have global modernization so everyone can indeed access the internet and use their phone for this transaction. For most countries that are still poor, this cannot be visible yet.

[Rules85]

I think everything is possible.
The blockchain and cryptocurrency markets are gradually changing people's perceptions, and I look forward to replacing paper money in the future.

[RehitUpon]

It is true that cryptocurrencies have the potential to remove all the fake fiat currencies from the equation but there has been a lot of cases where cryptos have been scammed and stolen from people. That is why people are still hesitant for mass adopting cryptos.

[waser12]

I think that fraud is possible also in crypto, some scam or fishing or anything else. In all this cases people should be attentive.

[yetiripper]

We cannot reject that fact that cryptocurrency is also kind of fake money because the volume and the price is just agreed so it is not backed with any valuable, as gold or something else.

[cryptodalton]

I don't think it will happen. To kill fake money crypto have to replace fiat currency which is quite impossible from my point of view.

[GreotDollyce]

Yes, all your statements are true indeed. But cryptos need more time to gain popularity and acceptence of peope. With time soon not all fiat currencies will be gone but bircoin will be a trading option for people.

[cryogencrypto]

I don't think so. even though crypto is a pre-paid money that is sophisticated and easy to use, it can't replace fiat money. but it cannot be denied that digital money has advantages over fiat money. which digital money cannot be falsified.

[DogmaF10]

Not gonna happen i think, because not every country will fully accept cryptocurrency. Evenmore, these cryptos might the missing piece between digital and fiat money, they can collaborate together.. not killing each other.
i think every country in this world had a strict rule to protect their main currency

[Indrawan77]

I think destroying fiat could be dangerous for the country, its one of the tool to control inflation, credit card could prevent fake money but it will increase other problem like hackers, and fiat is needed in the place where Internet is not available, bitcoin could be used to prevent fake money but the value could be manipulated, so I dont think it is the best option, so no matter what happen, I think fiat is still needed for now

[No One]

Yes cryptocurrency including bitcoin becoming a means of payment will help a lot. But there are only a handful of countries which are accepting cryptocurrency in payment. This will I think grow over time. But one of the drawback it has is internet. Cryptocurrency needs internet for its function, which is not available in every nook and corner of the world.

[KuyaBreezy]

If given a proper development chance, crypto can certainly outface FIAT, but thats a very distant possibility given that the authorities arent giving crypto the chance to thrive upon it, But on a fair ground, Crypto will definitely  outface fiat

[minairia3]

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'm not sure if I get you, but the essence of making fake money is to really make some money and not to just replace the system as the crypto does. Creating fakes is for felon reason and not for humanitarian that this world is trying to advocate.

[RohitMalhotra123]

Yes, it is possible when government provide full internet facility in all parts of country. Government need to change the traditional way of transactions. Crypto is a modern and digital technology. Government of some countries approved this and INDIA also study on it.

[Gromx]

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 also agree that it is better to use cryptocurrency than Fiat. But cryptocurrencies have a lot of problems.And the main one is a strong volatility and lack of regulation.When it decides to-then you can return to this subject.

[cryptovally01]

Fiat money is still important. Cryptocurrency is not for all. Maybe it will be accepted all around the world. But still there will be people who will always use fiat currency. So it will be hard for crypto to kill fake money.

[odri777]

To use the crypto currency to the fullest, it is necessary that all countries support this idea and create terminals for payments!

[frowsiter]

Bitcoin has no relation with the fiat yet and thus I dont believe in the idea that bitcoin will kill fake money. It could have done that job if bitcoin would have been part of the fiat system and where it is to be used for authentication purpose. But we see nothin like that in the current era and bitcoin may not help just now. If in the time to come we see that bitcoin has got merged with the real world and it is the main currency then these thoughts will come to existence and we can see heavily authorised system to differentiate and save us from the fake currencies.

[NeuroticFish]

There's a lot of fake money in the world.
Can credit cards prevent this?
Bitcoin will kill them.

Yes and no.

There are a lot of altcoins with Bitcoin in their name. Many buy those thinking they buy Bitcoin.
I guess that on Ethereum, Waves, and so on platforms there are plenty of tokens pretending to be Bitcoin, in a way or another.

Imho it's just the digital form of fake money and Bitcoin cannot do anything about them.


Edit: and since fiat won't die, the fake fiat problem will also remain..