Please, we should not totally eliminate fiat currency

[jets567]

It would be better if the anti-bitcoin government was eliminated instead of fiat currency as far as I know fiat currency is not a hindrance to Bitcoin for mass adoption so there is no need to remove it from the system because things will be more complicated if this happens.

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[agentx44]

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 get the point and I also think that it is not effective if we are going to totally eliminate fiat. We should just hope that fiat and crypto would work in harmony and surely we will all benefit on that. It is not just about being uncivilized on why we should never eliminate fiat but also with that fact that it existed first before crypto. All of us are using it right now and we will all still be using it up until the future. Banks regulate fiat so if we will always convince them to remove fiat, we would never have the chance of having crypto regulated in the banks.

[White Christmas]

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 really eliminate fiat nor destroy fiat because here in my country there are some places that don't have any internet connections just like rural places as you've said and there is also a person's who don't have the capability to have an internet connection at their home so if we eliminate fiat then it would be hard for them to have a money. In some reasons we can't totally adopt as much the crypto because there are some people maybe the oldies who are not aware of this and they just aware on the money that is a piece of paper as a currency it would very hard for them to adopt this very fast. So we can't abandon fiat for now or even in the future.

[senin]

Whatever we discuss here, the national money of states will always exist, because it is an indispensable sign of statehood. Any questions regarding the circulation of national money is decided by the government, and it will never give up its money. Without its own national money, the state’s economy will be practically unregulated. In this regard, we should not worry about the existence of the fiat currency, so far nothing is threatening it.

[DaveWave]

Whatever we discuss here, the national money of states will always exist, because it is an indispensable sign of statehood. Any questions regarding the circulation of national money is decided by the government, and it will never give up its money. Without its own national money, the state’s economy will be practically unregulated. In this regard, we should not worry about the existence of the fiat currency, so far nothing is threatening it.

True. Maybe this guy is talking about life a thousand years from now. It would be that everything will be payable thru decentralized crypto currencies. We will never know.

But projecting the short term future, it is very hard to imagine eliminating fiat. Even if governments will create their own crypto currency versions, they still be centralized and will co-exist with fiats until slowly the latter fades into existence. That is when everything in the world becomes fully internet installed probably via space satellites.   

[bitbunnny]

Whatever we discuss here, the national money of states will always exist, because it is an indispensable sign of statehood. Any questions regarding the circulation of national money is decided by the government, and it will never give up its money. Without its own national money, the state’s economy will be practically unregulated. In this regard, we should not worry about the existence of the fiat currency, so far nothing is threatening it.

Absolutely true. Cryptocurrencies are not threath to fiat currencies and their existance. I don't know why someone thinks that cryptocurrencies could replace fiat money at first place. No state in the world would give up their currencies and economies. Also, to my opinion any economy and financial system based only on cryptocurrencies is not sustainable.

[bitzizzix]

Whatever we discuss here, the national money of states will always exist, because it is an indispensable sign of statehood. Any questions regarding the circulation of national money is decided by the government, and it will never give up its money. Without its own national money, the state’s economy will be practically unregulated. In this regard, we should not worry about the existence of the fiat currency, so far nothing is threatening it.

Absolutely true. Cryptocurrencies are not threath to fiat currencies and their existance. I don't know why someone thinks that cryptocurrencies could replace fiat money at first place. No state in the world would give up their currencies and economies. Also, to my opinion any economy and financial system based only on cryptocurrencies is not sustainable.

Yes, I often see people say that cryptocurrency can replace fiat currencies and in my opinion it is very unlikely because no country wants a currency as a symbol of their country to be completely replaced with cryptocurrency.
cryptocurrency only serves as an alternative that can be used for transactions such as fiat money, and the two will run together without eliminating each other.

[wxxyrqa]

Whatever we discuss here, the national money of states will always exist, because it is an indispensable sign of statehood. Any questions regarding the circulation of national money is decided by the government, and it will never give up its money. Without its own national money, the state’s economy will be practically unregulated. In this regard, we should not worry about the existence of the fiat currency, so far nothing is threatening it.

True. Maybe this guy is talking about life a thousand years from now. It would be that everything will be payable thru decentralized crypto currencies. We will never know.

But projecting the short term future, it is very hard to imagine eliminating fiat. Even if governments will create their own crypto currency versions, they still be centralized and will co-exist with fiats until slowly the latter fades into existence. That is when everything in the world becomes fully internet installed probably via space satellites.   

If we take the United States of America, for example, the government recently announced the creation of its national stable coin Frax, which will be partially supported by the dollar.  Judging by the information that was released, it can be assumed that the developers have far-reaching plans for this coin, which in fact violates the monopoly of central banks.  Nevertheless, based on existing information, no one discards the existence of cryptocurrencies simultaneously with fiat currencies.

[desticy]

Fiat cannot be eliminated entirely because it has the full support of the governments and the value of the fiat of a country is used to measure the economic status of the country. Both fiat and cryptocurrency must be allowed to coexist to in order to maintain their unique features to better the financial lives of people.

Any government can be called anti Bitcoin because to some extent, the government exercises control over people, over its citizens, through the use of money.
Therefore, if the government fully supports Bitcoin, this is nothing more than a policy because by default it is not profitable for the government to support Bitcoin because without the proper infrastructure that will remove part of the taxes from the cryptocurrency, the government will simply lose huge amounts of money that are needed to maintain this government and control people.

[Triffin]

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 really cannot replaced nor eliminated fiat because as we all know that the fiat is the countries currency in which  and also if we replaced the fiat then the crypto or the coins will be the only one we will used and we will measure the exact amount of this currency because there are no fiat we can depends for. You're right with your point that there are still some places that cannot use crypto, just for example are the rural places like province. In my country there are some provinces that still dont have any internet connection nor electricity so we cannot suggest to eliminate fiat.

Honestly, we all know that it is impossible for cryptocurrency to replace fiat currency because fiat is regulated by the government, and as you said we can't used it in non-technical places or rural places that no has any computers or internet facilities. Fiat currency is still important for making transactions because it is one of the things that we used when we cannot used our cryptocurrencies as payment.

Of-course we should not totally eliminate the fiat currency because many people in the world even do not know anything about Bitcoin, they just do not that what computer is, so what will those people do if the fiat is eliminated.
Also we all know that illiteracy ratio all over the world is still very large and those illiterate people will not manage to use the crypto currency. We cannot eliminate fiat currency until and unless all the people around the world know about it.

[Palider]

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.

There are many more reasons why crypto should not replace fiat money. Just like our poor people, it is difficult for them especially when they are not earning enough to use, buy, mobile phones. It also includes those who have not completed their studies. I think it would only happen if everyone in our world had the same view, the same thought, the same thing, all the same and it didn't happen because the world needed balance! nor does it happen that fiat money can replace crypto!

[nasipadang]

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 will not disappear, technology has not yet penetrated every part of the country. and also the government still desperately needs fiat as a payment and the value of their economy. In modern financial transactions, digital currency is better in terms of speed ,although we also cannot forget fiat.