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Faxmate
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October 13, 2018, 02:52:17 PM |
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Fiat money is our traditional way of transaction were we are and fiat is acceptable to all nations even in rural places so fiat is not merely replacing because of OP said that their is many places that to internet connection or what should I say is digital things so if they wan't to use digital money its hard to them.
Fiat will be used always. Even IF the cryptocurrency gains the greatest popularity, the traditional money will circulate in each country. people will never refuse from it. Well you are right to some extent, fiat currency will not be eliminated fully as it will be use in some parts of country, as we can use it as an option as if in case we will not have any connection for internet or we will not have proper networking so them we will be able to use it, so better to find latest forum and use digital currency because our future is based on digital money for me fiat is just an optional currency now. |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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trauchot
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October 13, 2018, 03:38:55 PM |
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The fact that many poeple want this does not mean that they will be able to achieve this, without a fiat, we will not be able to live and this is a fact, so no need to worry about it. Cryptocurrency of course introduces its roots very quickly into everything that is possible, but as long as the green light from all governments is not received, we can not even think about it.
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$anounimus$
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★Bitvest.io★ Play Plinko or Invest!
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October 13, 2018, 03:54:08 PM |
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Of course this fiat currency will not be eliminated because the fiat currency still has demand and there are still many who use it so that it will not make the fiat currency die or be eliminated, I think in the future these two currencies will support each other and can be used to make any payment.
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lelylely
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October 13, 2018, 05:14:10 PM |
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You don't need to worry about fiat currency, fiat currency will survive because it is supported by the government, the government is more powerful to regulate the finances in its territory.
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syamster
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October 14, 2018, 07:25:03 PM |
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I agree aside from that fiat is our own entitlement. without fiat, we can't have something that we can call our own. Eliminating fiat currency is hard just because we have cryptocurrency.
As much bitcoin and crypto currency is getting value I think fiat will get eliminated itself, now people are investing with crypto currency, they are buying with digital currency they are saving digital currency so the value of fiat has become almost zero, I can easily guess how less fiat currency will have value after few years, so we should prepare our minds for cashless and digital era which will be surely good for our economical state. |
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Sifon
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October 14, 2018, 09:55:00 PM |
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Hahahaha sounds like honest plea, but I think no matter how mainstream Bitcoin and cryptocurrencies become, fiats cannot be totally eliminated. This is because fiats are national identities of individual countries and eliminating them will be torching their national pride and identity. Again, there is a huge population who aren't tech savvy, the older generation who are very traditional in their approach to life. They would stick to the use of fiats for their transactions and nothing can make them change.
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portalufonet
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October 14, 2018, 10:09:18 PM |
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I think the fiat currency will not be eliminated because there are still many countries in the world that do not accept cryptocurrency, nor do any people accept crypto as a new currency. Cryptocurrency and fiat currencies will remain in parallel in the future.
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snatoshi
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October 14, 2018, 10:30:34 PM |
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What will happen it is just fiat now will be backed by crypto  |
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princesspoppy
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October 14, 2018, 11:08:32 PM |
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I don't think fiat currencies can be totally eliminated and be replaced by cryptos. Fiat currencies has been use for decades in doing transactions and most people prefer to use it than any other way of payment. It can be use offline which makes it easier to use.
Cryptos is just another way of payment just like debit cards, credit cards and check. It can be use by anyone but that doesn't mean that it will totally replace fiat.
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ELOCIN
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W12 – Blockchain protocol
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October 14, 2018, 11:29:07 PM |
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Fiat currencies are not that easy to replace even if the cryptocurrencies are already in its prime use or trend. There's a lot of things that need to be addressed first before fiat can be replaced by cryptocurrencies.
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patarfweefwee
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October 15, 2018, 03:43:41 AM |
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For one thing, Fiat has been with the economic world as long as we knew gold existed. I really doubt that we can eradicate the use of Fiat anymore than we want to. Maybe we'll use it less with electronic transactions but to eliminate it means that we will use something else (ie crypto currency) exclusively.
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binhvo1505
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October 15, 2018, 03:56:52 AM |
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That's right, we need a complete policy and fiat money has done that. There are people in less developed countries and in remote areas they can not access new technology. So that's why fiat money should still be used in the future. Do not change it for any reason!
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Commotheon
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October 15, 2018, 09:50:34 AM |
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I agree aside from that fiat is our own entitlement. without fiat, we can't have something that we can call our own. Eliminating fiat currency is hard just because we have cryptocurrency.
You're right many bitcoin user want to eliminate there fiat currency by replacing it with cryptocurrency or bitcoins which can never be happen. Evert hing can be ruined in just a second plus criminals use it. If they want to see destruction then replace btc with fiat. |
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DRVX
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October 16, 2018, 05:10:52 AM |
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I agree aside from that fiat is our own entitlement. without fiat, we can't have something that we can call our own. Eliminating fiat currency is hard just because we have cryptocurrency.
No one country will ever refuse from its money. Fiat will be used always, even when the cryptocurrencies become extremely popular. I suppose both systems will coexist peacefully and people will use them. |
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Rejevunator
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October 16, 2018, 10:49:52 AM |
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I agree aside from that fiat is our own entitlement. without fiat, we can't have something that we can call our own. Eliminating fiat currency is hard just because we have cryptocurrency.
Bitcoin is nothing without fiat and government never ever give permission to replacing bitcoin with fiat since its anonymous and contain power to change economy. |
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smile1218
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October 16, 2018, 12:02:59 PM |
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From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
For now no one can eliminate the fiat currency because fiat is regulated by the government of each country and it is the only legal means of payment of different countries. If all the people worldwide would embrace and accepts crypto currencies as replacement to fiat that would be the time that fiat will be eliminated but of course it would take so many years. |
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verguat33
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October 17, 2018, 12:36:39 PM |
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Fiat currencies are not that easy to replace even if the cryptocurrencies are already in its prime use or trend. There's a lot of things that need to be addressed first before fiat can be replaced by cryptocurrencies.
These all things related to fiat currency will also be covered by fiat currency. When the use of crypto prevails in the world it will not only take the place of paper currency but also fiat currency. We should wait for the time when we see crypto to be our legal and regular currency. I know that it will take long time but eventually it will happen one day. |
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West0813
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October 17, 2018, 02:37:03 PM |
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I don't think fiat currency will be eliminated. Fiat currency are more comfortable to use in our daily life. Especially for those people who don't know cryptocurrency. Fiat currency will still use for a very long period of time.
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aceustere
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October 18, 2018, 07:43:22 AM |
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From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
We can't elliminate fiat no matter what we do. It is a part of our system that we cannot replace. No matter how advanced the technology is, fiat would always be fiat and it would be hard to elliminate it because it is well known better than any means of payment transactions. Rural areas will also be covered in the future. We do not want to eliminate fiat currency right now, but in the long run crypto lover’s bitcoin to hold the currency market all over the world. I know it will take long time but it is clear that the future is that of cryptocurrency and all other currencies will disappear from the market. Fiat currency will also be replaced by bitcoin. |
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yvesp110
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October 18, 2018, 11:15:15 AM |
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I don't think fiat currency will be eliminated. Fiat currency are more comfortable to use in our daily life. Especially for those people who don't know cryptocurrency. Fiat currency will still use for a very long period of time.
So we are now living in modern age where almost everyone is using digital currency more than fiat currency, people are busing in doing jobs so they don’t have much time to pay for the bills and to go our paying for the expenses so it is the main reason why now the use of fiat is gradually reducing and people are turning towards digital age, I am sure we are going to see cashless society in future. |
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