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Author Topic: Crypto money will kill fake money  (Read 1035 times)
Waqas vicky
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August 08, 2018, 10:50:55 AM
 #101

I don't think sO, untill bitcoin is regulated in a very legal way or its gonna be legal all across the world.
Golftech
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August 08, 2018, 10:55:30 AM
 #102

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
Fiat will still be needed and still be a basis in each countries though crypto can be a good alternatives but still Fiat won't be remove as it is still the basis of countries economy and will remained like that, we can't change things in quickess ways but maybe time will come when adoptions happened.
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August 08, 2018, 10:59:18 AM
 #103

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 is everywhere. There no means of catching the bad guys. As i can see it bitcoin cannot kill this. Fiat is widely use by rich and poor people. This is not an easy issue i guess this is already part of the technology.
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August 08, 2018, 11:30:49 AM
 #104

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 is everywhere. There no means of catching the bad guys. As i can see it bitcoin cannot kill this. Fiat is widely use by rich and poor people. This is not an easy issue i guess this is already part of the technology.
his concern is about fake money, its true that crypto might become the reason for removing fake money, there's a lot of people creating fake money and a lot of people become a victim of it.



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August 08, 2018, 11:39:23 AM
 #105

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.

I agree with you. Cryptocurrency can not completely replace the money. Both will exist in parallel and can be exchanged with one another.
greenvally
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August 08, 2018, 11:48:29 AM
 #106

What if your phone is out of charge and you need to buy something, just kidding though. Anyways crypto currency will eventually invade current fiat system but probably wont replace it for good.
rahimali
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August 08, 2018, 11:49:06 AM
 #107

I don’t think fiat money can be replaced. It’s not that easy. And I also don’t think BTC can completely remove fake money. Because the cheaters always find a way and this is what they do.
akbarals9425
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August 08, 2018, 11:55:43 AM
 #108

I also think like that future altcoin will replace credit cards and as such but there are weaknesses here, such as the difficulty of exchanging altcoins into banks and making altcoins as real-world currencies very difficult, maybe there must be some aspects that must be fix it to make altcoin an exchange rate that will replace credit cards and others

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ElingElingUmat
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August 08, 2018, 12:02:00 PM
 #109

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 is everywhere and it is difficult to prevent its spread. It's better to use crypto more safely and simply. But it seems that Crypto cannot replace paper money. because Crypto is just a digital payment device, nothing more.
CGPA
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August 08, 2018, 12:10:44 PM
 #110

Presently, the spread of fake money has increased greatly, especially in the markets of underdeveloped countries. I think by using crypto can not completely get rid of this situation, but it is possible to take some. Besides, virtual money never to be an alternative of paper money
teterinal
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August 08, 2018, 12:22:57 PM
 #111

as long as we use fiat money, fake money will still exist.  We can say bitcoin will kill fake money if it kills fiat money which in my opinion will not happen. Bitcoin and fiat will just exist together in the  future.
zinson01
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August 08, 2018, 12:25:20 PM
 #112

BTC can never replace fiat, it can be an alternative. I think it is just a bridge between fiat and digital currency
fritzvillarin
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August 08, 2018, 12:31:49 PM
 #113

I think it's too early to conclude that Crypto money will kill fake money because many people involved in creating the fake and these people who has influence.
zxrcoin
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August 08, 2018, 12:39:52 PM
 #114

The whole world cannot accept the BTC because it is a higher technology and many countries specially the third world countries cannot afford it. So replacement of fiat money is quite impossible I think.
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August 08, 2018, 12:41:25 PM
 #115

I agree but what if the crypto will kill also your money? When you're passing your money to different address. Let's say there was an alteration of the address? What now? Big question right?
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August 08, 2018, 12:43:20 PM
 #116

I don't think so since it is not that simple to get rid of fake money. Cryptocurrencies are simply providing investors an alternate payment option and not replacing FIAT entirely which I believe will never happen since people will always depend on FIAT in some way or another due to its low volatility when compared to cryptocurrencies and other reasons. As long as corruption exists in our societies, fake money will continue to exist which is why people themselves need to change in order to get rid of fake money entirely which is a small possibility if you think about it.

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unusualfacts30
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August 08, 2018, 12:46:24 PM
 #117

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.



It's an alternative but I don't think it's going to replace fiat anytime soon since that's what you're implying. Yes, it would be difficult for people to create fake bitcoin and use them to make payment since transaction won't go through. There are countries who are still dependent on cash for the most part in doing their everyday business.

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sunlitit654
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August 08, 2018, 12:50:06 PM
 #118

You are right, every day a lot of money is being printed and using this opportunity, fraudsters are making fake money. I think credit card or wallet will keep it away from this opportunity. In my opinion, Bitcoin will do better in the future and protect it from fraud.
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August 08, 2018, 12:53:51 PM
 #119

hello there mate! more countries will not approved bitcoin or cryptocurrencies because they cannot take something from unless they invest especially corrucp countries and also the poor countries with people who doesn't have an internet in their villages or community. but in the countries who can access to anything, it will impact a lot to their daily lives especially people who are living in the fast lane (iykwim). cheers!

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August 08, 2018, 12:56:52 PM
 #120

By a strong competition in the market, the weak coins will be killed by ignore ability by others in the market.
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