Will Bitcoin Accelerate the End of Fiat Currency?

[PureDefender]

Many people still hold traditional banking system which provide fiat and they still not take the digital currency as common currency. If it able to take their interest on it by improve and adopting some factor then it will be able to replace fiat totally.

[AnnaGeraMsk]

I think that in any case has long begun that the money goes to the electronic version, cash has already been canceled in some countries, why then do not do it more transparently through crypto

[jpnl0008]

the fiat currency was not much known before now as the level of transactions on fiat was much fewer and it was not as pronounced as it is now, the bitcoin and cryptocurrency trading only made it become known now and i believe it will still be around for quite a long time.

[Marlo Stanfield]

Many people still hold traditional banking system which provide fiat and they still not take the digital currency as common currency. If it able to take their interest on it by improve and adopting some factor then it will be able to replace fiat totally.

Seems pretty unlikely that it is going to really replace it. They both have advantages and disadvantages. With a free flowing liquid market between both instruments, there's really no reason they can't coexist.

[liseff3]

Until now fiat currency will not be able to escape with its problems, namely debt and printing costs which are expensive (still confidential) which's greatly influenced by the complexity of the security system applied to the money itself. When referring to Satoshi's vision and mission, the purpose of creating bitcoin is to correct the deficiencies in fiat currency, where each transaction can be carried out in a peer-to-peer manner, while at the same time cutting the costs of third parties. The creation of bitcoin's limited which's only 21 million pieces, so it has a volatile value like the price of gold.

[Billgates710]

Bitcoin is a strong currecy it can accelerate the end of fiat currency I believe that hope It will reach a better position than before.

[Al-e_x]

I think that depends on the enthusiasm of the world demand for bitcoin, if the spread of bitcoin and accepted by the world quickly , then the end of fiat currency will end quickly.

and I analyze that now slowly bitcoin is beginning to spread benefits to some of the public.

[zolfa]

I think today the development of bitcoin is still slow, and there are still many problems that must be resolved by bitcoin, so that it will make bitcoin difficult to developed.

bitcoin is believed to end fiat currency, but we still see a lot of people using fiat, even slow technology development is their main problem.

[hxtop]

I accept the fact that Bitcoin is a real alternative to the fiat currency. In fact, central banks and governments will not want to leave their money authority, but money will ultimately evolve into cryptocurrency.

[The Cryptologist]

I know that it ain't happening. Crypto is not made to kill anything. It might dominate the other currencies but fiat will still exist. Fiat favors the needy and poor people so there is no point of killing it because we kill the only means of transactions of the poor.

[stayeduptolate]

Listen to this episode of the BitcoinNews radio show. We discuss how fiat currency is going to inevitably collapse due to debt and money printing, and we strongly advocate using Bitcoin since it’s the best alternative to fiat.

https://anchor.fm/bitcoinnewscom/episodes/Bitcoin-News-Radio-Show--14th-August-2018-e212tc

Also read... Will Bitcoin Accelerate the End of Fiat Currency?

Bitcoin has worldwide infrastructure and demand, giving it value anywhere you are on Earth. It is a solid alternative to fiat currency with a fixed supply, so it won’t ever be devalued by money printing. There is no central organization leveraging Bitcoin to pay for budget deficits, unlike all the fiat currencies.

The mere fact that Bitcoin is a true alternative to fiat currency may very well accelerate the worldwide collapse of fiat currency some economists have predicted, including the US dollar.

Full in-depth analysis https://bitcoinnews.com/will-bitcoin-accelerate-the-end-of-fiat-currency/

Bitcoin Is Better Than Gold

Ultimately, if fiat currency collapses it is clear that Bitcoin is in a much better position to become the top global currency, due to Bitcoin’s advantageous characteristics. This makes Bitcoin much more ideal for international commerce and finance than gold.

Read more at https://bitcoinnews.com/bitcoin-is-better-than-gold/

I think the articles and radio show explain perfectly how Bitcoin will be the dominant currency in the future, and are good to show to people so they understand why Bitcoin is so important.

We all know that all the crypto currencies exists in virtual form and being digital in form, it is more like by millions of people around the world and people love this virtual nature of these crypto currencies and this is the most important reason why there are millions of investors investing in crypto currencies and its virtual form is the reason why these crypto currencies transactions are the most secure and the confidential one and no doubt these crypto currencies will eliminate the use of Fiat currency.

[senin]

Bitcoin and other decentralized crypto currency can not significantly affect the national currency, especially since it can not replace it or in any way accelerate its fall. The usual currency will still exist forever, since it is connected with the economy of the country, the Crypto currency exists by itself and does not have a binding to the economy of any state. Decentralized crypto currency and the national currency can only walk in parallel with each other.

[2fresh]

Governments want something controllable, I think even if the fiat bomb bursts there will always be something else other than btc or cryptocurrency.

[stayeduptolate]

Listen to this episode of the BitcoinNews radio show. We discuss how fiat currency is going to inevitably collapse due to debt and money printing, and we strongly advocate using Bitcoin since it’s the best alternative to fiat.

https://anchor.fm/bitcoinnewscom/episodes/Bitcoin-News-Radio-Show--14th-August-2018-e212tc

Also read... Will Bitcoin Accelerate the End of Fiat Currency?

Bitcoin has worldwide infrastructure and demand, giving it value anywhere you are on Earth. It is a solid alternative to fiat currency with a fixed supply, so it won’t ever be devalued by money printing. There is no central organization leveraging Bitcoin to pay for budget deficits, unlike all the fiat currencies.

The mere fact that Bitcoin is a true alternative to fiat currency may very well accelerate the worldwide collapse of fiat currency some economists have predicted, including the US dollar.

Full in-depth analysis https://bitcoinnews.com/will-bitcoin-accelerate-the-end-of-fiat-currency/

Bitcoin Is Better Than Gold

Ultimately, if fiat currency collapses it is clear that Bitcoin is in a much better position to become the top global currency, due to Bitcoin’s advantageous characteristics. This makes Bitcoin much more ideal for international commerce and finance than gold.

Read more at https://bitcoinnews.com/bitcoin-is-better-than-gold/

I think the articles and radio show explain perfectly how Bitcoin will be the dominant currency in the future, and are good to show to people so they understand why Bitcoin is so important.

Bitcoin is a form of virtual currency and being digital in nature, it has been accepted by millions of people around the world and moreover the transactions of bitcoin are the most secure and the confidential one as it transactions does not involve any third party seizure as no third person can see the transaction between the two and moreover its transactions are provide the user anonymity so there are many advantages that it is more liked by the people in comparison to Fiat currency so yes bitcoin could be the threat to all the Fiat currencies available in the market.

[HeXecutor]

Yes, this could well happen. If bitcoin will gain enough popularity, many people will give preference in favor of bitcoin (or the arcs of crypto-currencies). Therefore, yes, it is quite possible that such a scenario might occur that sooner or later the crypto-currencies will send today's paper money into the past.

[Awoben]

Quite agree with some of the views but bitcoin can not put an end to fiat currencies.  It can only replace it to a large extent, some countries will rather stay fait and not go fully digital, moreover what is the fate of the common man that knows nothing about internet not to talk of digital currency.

[kemonojim]

bitcoin's growth will only be an additional currency that is introduced and used by many people in the end. no need to change anything, and it was never intended to replace fiat.

[Ucy]

Cryptocurrencies especially Bitcoin were not created to replace fiat. They are even meant to be pee-to-peer currencies unlike fiats.  Do not forget that fiats exist in digital form, so they can actually be programmed to do what Bitcoin does.
If the use of bittorent did not stop the use of controlled alternatives why would Bitcoin stop the use of fiats? I am really not in support of the destruction of fiat. They can all exist side by side.

[CoinsGazer]

Of course not! Bitcoin will never replace the fiat currency because:
1.Bitcoin can just be used for value storage instead of being the fiat currency due to it’s great price fluctuation.
2.Bitcoin has no credit endorsement, while the mone we use now is endorsed by the whole country. How could we use bitcoin as the fiat currency which lack of stability and trust.

[CrimBit]

Not the goal of Bitcoin to end the performance of fiat, Bitcoin and Altcoin currencies can only be parallel to national banknotes from various states and will not replace them in the future. This is a very deep mistake. so what I know is that Bitcoin and Altcoin are alternatives to their transactions.