Please, we should not totally eliminate fiat currency

[becak mesin]

Fiat currency will never be eliminated and replaced by Crypto. Even though digital currency now is becoming a trend that offers much advantages and it is not only digital money, it is such as money industry. It can not change the fiat currency. Digital money just being an alternative currency which is used in certain transactions only.

[DeadCoin]

Yes we need fiat currency and it will eliminated completely. Eventhough cryptocurrency is legalized by many countries still people in that country using fiat currency. So cryptocurrency is also used and at the same time fiat also used by the people. Cryptocurrency is another form of currency used by people because the transactions made by cryptocurrency anywhere anytime.

[Altf4]

Fiat currency will not totally be eliminated ,for it can still be used to places ,that are not urbanized wherein the internet access will not be available or no signal at all, because cryptocurrency even if it will be worldwidely used ,not all places in earth can be internet access by everybody, so fiat currency csn still be used and not totally eliminated from the circulation of money.

[maculeth]

yes, fiat currency must exist and so the traditional market must continue to run normally as usual. so that the economy in all sectors can run well.

[Camster]

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 also trade gold and silver for products.  The only reason fiat is there is because we allow it. 

Fiat does give you privacy as well.  With all the KYC boys fighting to make sure we have to prove our ID before we use crypto the only place we will have privacy is with fiat, gold or silver.  The entire crypto movement will be lost and under government control because people were pissed about scammers and wanted their 55 shit tokens that are worth .82 cents because some guy who lives off of $35 a year had 4 twitter id's.  That's all fixed now though with KYC.  The govt has you by the balls and can see every transaction and the guy making 35 dollars a day is now making 150 a day.  Your sadly also now making 150 a day.  It's whats fair!

[Jericka D Ranillo]

Yes, there is no chance for fiat money elimate in this world. crypto and fiat ahve different purpose so both are good to be use. Dont worry about it, there are places like what you had said rural places whereby no technology. Crypto needs gadget and internet, and not all cant provide it. Social life has more use of money like buying food in public market.

Crypto is not fit on it

[millionaireshs]

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.

Thats why we promote crypto currency to the whole world to replace fiat money to the people become convenient when it comes to process to any kind of transaction. We are not againts fiat money but we wanted to make fastest way of processing like this crypto currency.

[Irvinn]

Nobody can replace the currency fiat with a decentralized crypto currency, because it is simply impossible. In South Korea, they experiment on replacing the local currency with their centralized crypto currency. To replace it with a centralized crypto currency is still possible, although it will be rather difficult to do technically and organizationally. Let's see how people take this innovation. I do not think that it is possible and necessary to completely replace local currencies with its own centralized crypto currency.

[bocah cilik]

Fiat currency will not be replaced quickly because I feel it takes a long time to change it with Cryptocurrency

[thecryptohype]

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.

Central Bankers are in control, in the future you would be required to move to the City and use Cryptocurrencies to transacts. It will become a norm as a centralized digital currency is ideal to control the masses, whereas papers will fail over time. There will still be a use case for Fiat currencies but it makes more sense to get people to use a Digital currency since it's easier to govern people through a centralized monetary system that uses cutting edge technology

I would like to have a mix and not everything recorded on a distributed ledger!

[Rooster101]

Majority of the world's population uses fiat and government are not inclined to eliminate fiat because it is vital to their ecknomy and financial stability. Bitcoin and other cryptocurrencies will only replace fiat if the whole world turn to virtual currency as their new mode of transaction or payment. Fiat and cryptocurrencies can always co exist without eliminating the other currency and people will decide in which currency they will going to use.

[Netnox]

No one wants to eliminate fiat currency. Even the crypto-coins are traded versus fiat currency. But in the near future, the digital versions of the fiat may get more popular than the physical versions.

[cr7]

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 the complete destruction of Fiat money does not need a lot of time. To switch to the new format, the state needs one or two years. About credit cards also said (that it takes a long time), but now they operate even in the village!

[Kapee]

It will not be all that easy to get rid of Fiat currency just like that. Fiat currency has been there since ages and i like to buy most of my things with fiat currency the more as compared to cryptocurrencies.

[LyQaN]

Eliminating fiat totally will not be a right thing.It would take a long time for the world to get digitalize properly.To eliminate Fiat we need every store in our country to have an internet conncetion which is not possible so simply fiat currency is for sure necessary for our day to day transactions as it can used in a mall and even in a small store where we don't have internet connectivity for digital transactions. Moreover it is the most trusted and safest way to do our transactionss.So eliminating it will not be a good decision.

[Limar0]

Elimination of fiat money to every country won't be happening. Not all areas around the globe are having electricity and internet connections so crypto is useless on those areas. Besides not all merchants are accepting bitcoin and other digital currency so its impossible to take fiat currency out of the picture in the real world.

[Crafts12]

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.

Removing or eliminating fiat money would be a great loss for everybody for a reason that not all the time cryptocurrency like bitcoin is applicable and appropriate in a situation. In addition, if the world will not have any fiat money then how would people, who is not comfortable in using technology, will use the money or digital money they have? especially when they are oldies. We all aware that they can't learn the mechanics of advance technology so easily.

[DooMAD]

FIAT currency cannot be replaced fully by bitcoin and crypto because  it offers society
a chance to progress through debt. Bitcoin cannot create a debt system like FIAT.

Everyone wants to progress in life whether they want to be self employed or want to
work for someone else. This puts certain demands on a persons financial situation
by way of food, clothing, education, transport and housing.

Everyone speculates to try and progress and we speculate with other peoples money
which the banks issue as loans. As we progress we are able to repay those loans and
avail of more and so on and so on.

Of course it goes wrong sometimes but that is a seperate discussion but Bitcoin cannot
offer this system i just explained so i am happy to use the fiat system for one aspect
of my financial life but bitcoin is truly a seperate part of my life

Salient point.  It's fair to say that debt is being abused on a grand scale, in a way that's unsustainable over the long term, but it's not like the world would continue to function normally if we somehow succeeded in eliminating the entire concept of debt.  That's just not practical.  People simply need a better understanding of debt and perhaps demonstrate a little more responsibility around it.  But there's an important distinction between regular consumer debt and the gross, perverted monstrosity the banks play with.  They're taking it too far.  That farcical rehypothecated derivatives casino needs to be seriously curtailed before it implodes.  That's the kind of wholly reckless behaviour we have to thank for Bitcoin needing to be invented in the first place.

[Bumblecoin]

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 agree with you fellow. There are things that we need not to be in a hurry. We must make it sure we are ready. When it comes to fiat money, it is not that easy to eliminate that today. We are not ready.

[liliano]

Fiat for me will be useful for now because almost all of my daily needs are still using fiat because crypto is still a concept and a long debate to be accepted. For me there is a limit between fiat and crypto in terms of usage and benefits