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Author Topic: Please, we should not totally eliminate fiat currency  (Read 27219 times)
Morning honor
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November 07, 2018, 05:40:05 AM
 #441

Yes i beleive it could not ever happen,fiat is made since then even if were not yet born so it is impossible to happen,paper money is nice to keep than money on air,air by air in paying/buying is different than holding by your hands,,,so i beleive no one can elimate fiat money forever.

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November 10, 2018, 07:27:50 AM
 #442

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.
Fiat money will continue to be used, it is still considered necessary to be used in daily activities. Cryptocurrency is just an alternative for people who use it as a payment or something else. Cryptocurrency will not be useful in the real world if without fiat money.
Yeah I totally agree with you bro, Cryptocurrencies just an alternative payment if we buy something in online.
The fiat money is still to be used because the people already have been trust it than Crypto or digital money.
We can’t just deploy bitcoin at fiat place. Fiat can’t be compromised, nor it would be displaced with this crypto. This might happen in next century or even at the ending twenty years of this century. But before, I don’t think so there are ever chances of crypto to replace fiat. You are right that it can be an alternative method of payments but can’t be considered on international level.
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November 12, 2018, 01:56:42 PM
 #443

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.

Of course we should not want that to happen because FIAT was been for us for so many years now and a lot of people are still not ready yet for a new currency to come.
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November 12, 2018, 02:21:29 PM
 #444

This is understandable, it is too early for people to switch completely to cryptocurrency, for this it is necessary to train each person to understand cryptocurrency and fully legalize cryptocurrency.
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November 12, 2018, 03:18:47 PM
 #445

There are truly allot of people here that wanted to eliminate fiat currency. But in fact, fiat currency are more accessible for all people. Especially for those people who has no knowledge about cryptocurrency. So what is the point of othe people why they want to eliminate fiat currency.

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November 12, 2018, 03:31:55 PM
 #446

Fiat currency will not be lost at any time. Fiat currencies will continue to be used in all countries even though the development of digital currencies is increasingly rapid and all countries have used digital currencies. Fiat currency will still be used because not everyone understands digital eyes and not everyone can use it. so fiat currency is still needed.
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November 12, 2018, 03:43:53 PM
 #447

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.
Its hard to eliminate the fiat cryptocurrency because its our traditional money and most of people in the world always use and I think even the government will not agree on eliminating fiat currency. Internet is the thing that we need to have if we want to use cryptocurrency so that without it we can't transact to each other.

Eben though it seems impossible to eliminate fiat in the current circumstances but i still have a feeling that anything is possible. The way people are adopting bitcoins and crypto currencies, the time is not far away when we will only see bitcoins and other digital assets and no sign of fiat currencies.









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November 12, 2018, 03:56:20 PM
 #448

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.
Its hard to eliminate the fiat cryptocurrency because its our traditional money and most of people in the world always use and I think even the government will not agree on eliminating fiat currency. Internet is the thing that we need to have if we want to use cryptocurrency so that without it we can't transact to each other.

Eben though it seems impossible to eliminate fiat in the current circumstances but i still have a feeling that anything is possible. The way people are adopting bitcoins and crypto currencies, the time is not far away when we will only see bitcoins and other digital assets and no sign of fiat currencies.

Fiat currencies will not be eliminated because the economy of whole world is based on them and not Bitcoin or any other cryptocurrency have the potential to replace it.
But that doesn't mean that fiat money will not go through some changes and cryptocurrencies will definetely contribute to that. But fiat money will survive and we can find the way for traditional currencies and virtual currencies to function together.

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November 12, 2018, 04:04:23 PM
 #449

Of course, fiat money there will always be in this world, even if later Bitcoin will received and passed on as a valid
means of payment on of all the country. I think fiat money  is capable of walking together with Bitcoin.
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November 12, 2018, 04:34:51 PM
 #450

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.


I fully support the opinion of the author. In my country, for example, there are a lot of settlements in which there is no mobile Internet. I'm not even talking about African countries. It is still very early to refuse fiat money. I think this is a question for at least 100 years.

juntop1
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November 14, 2018, 12:20:15 PM
 #451

Currently, it is impossible to eliminate fiats. The world is moving towards digitalization and being cashless, but some parts of the world have neither Internet nor computers to be involved in that process. Population in some countries is still starving, they don't care about crypto. Fiat won’t disappear, otherwise, it would mean that government and the economy have failed. 
fangbian
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November 14, 2018, 01:20:43 PM
 #452

We should not want that to happen because FIAT has been for us for years and many are not ready for a new currency yet.
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November 14, 2018, 01:39:00 PM
 #453

Of course, fiat money there will always be in this world, even if later Bitcoin will received and passed on as a valid
means of payment on of all the country. I think fiat money  is capable of walking together with Bitcoin.

It wil be a long, tedious process of eliminating the use of fiat money. If it would be possible in the future, it will still take a lot of time and effort. As to the concern of lack of internet connection on some rural areas, it can still be addressed in the future but completely replacing it with crypto is quitely near impossible for now.

hubballi
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November 14, 2018, 02:23:34 PM
 #454

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.

Fiat and Cryptocurrency both will exist as both have their own advantages and disadvantages. Where their is no internet and the country where cryptocurrency is not legal fiat will be working. Even all country will be having fiat currency but its uses will become less when cryptocurrency will be in main stream.

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November 14, 2018, 05:21:27 PM
 #455

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.
  I think it is very difficult to completely eliminate fiat because many people are used to it and it has been very long. We should have thought that crypto would make it easier for people to trade, rather than forcing it to become an official currency, which would make you feel more positive at the beginning. invest in crypto or wait for their prices to rise
Nolimitz84
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November 14, 2018, 06:20:23 PM
 #456

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.
  I think it is very difficult to completely eliminate fiat because many people are used to it and it has been very long. We should have thought that crypto would make it easier for people to trade, rather than forcing it to become an official currency, which would make you feel more positive at the beginning. invest in crypto or wait for their prices to rise

People get used to everything.200 years ago barter was used as money. People also got used to it.If you don’t notice, the world has already started to be fully digitized. The fiat for money will sooner or later disappear anyway. Yes, it may take 50 years to do this, but this is inevitable.The one who believes in cryptocurrency, he simply has no doubt that cryptocurrency and new technologies will change the quality of life on the entire planet. And most importantly, for the better.



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November 14, 2018, 07:35:00 PM
 #457

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.
You should not worry about fiat currency. It will always exist as long as there are various states on our planet with their own financial and economic interests. States will never be allowed to replace their national currency with a cryptocurrency. This is impossible in practice, since the cryptocurrency is not able to support the economy of any state.

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Lucusfoundation
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November 15, 2018, 01:34:03 AM
 #458

Eventually, it will disappear.

But it'll take long to reach that position.

And in the future, if everything is digital, and we loose energy/power.

What happens?

It's interesting...

Still, society today is not ready for crypto only.

But the future is coming faster than ever...
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November 15, 2018, 02:35:37 AM
 #459

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.
I totally agree with you. The world need fiat currency to maintain the economic system all over the world. A country can not be run by something that they can not control.
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November 15, 2018, 02:36:33 AM
 #460

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.
You should not worry about fiat currency. It will always exist as long as there are various states on our planet with their own financial and economic interests. States will never be allowed to replace their national currency with a cryptocurrency. This is impossible in practice, since the cryptocurrency is not able to support the economy of any state.
The trend is move, from cash to digital payment. The number of online transaction is rise significantly. I am not sure that fiat will still exist. I think we will only use to type of currency in the future which is gold and digital payment including cryptocurrency. Fiat currency will not be replaced by cryptocurrency.

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