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Author Topic: Please, we should not totally eliminate fiat currency  (Read 2858 times)
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September 05, 2018, 09:46:47 PM
 #161

this will not happen in the near future. not in normal cases. technology doesn't necessarily change everything in the blink of an eye. we all have to be wise in dealing with changes in the world. but we also cannot close our eyes that time goes on, changes always occur. I believe that the crypto world can bring positive change. both in terms of material and technology. and crypto isn't always about money.

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September 05, 2018, 09:50:07 PM
 #162

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 be eliminated bdue to circumstances that there are many products that are not tradable online. Also, cryptocurrency is backed by Fiat currency. So in other words, crypto will not exist if there is no Fiat backing it's value.

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September 05, 2018, 10:18:52 PM
 #163

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 do believe that no matter the technology take over by cryptocurrency, there will still be areas where fiat will still be used/can't be scrapped. Also, I want to believe, the process of cryptocurrency taking over will be a gradual process and not just instantaneous.

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September 05, 2018, 10:42:42 PM
 #164

this will not happen in the near future. not in normal cases. technology doesn't necessarily change everything in the blink of an eye. we all have to be wise in dealing with changes in the world. but we also cannot close our eyes that time goes on, changes always occur. I believe that the crypto world can bring positive change. both in terms of material and technology. and crypto isn't always about money.
Yeah, this is not just about money but its more on developing new technologies. I believe fiat money will still remain to easily determine the value of cryptocurrency and of course to make people more liquid. We should not eliminate fiat money, we still need it and it will never be replace.
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September 05, 2018, 11:28:06 PM
 #165

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.


Yes definitely we should not do that. probably cryptocurrency is very popular and even though cryptos are good way to earn additional profits but we can't deny that after all our works in virtual world we couldn't eliminate fiat. Since fiat money is very important as what you said before like in rural area can possibly aware on that modernization. I think maybe after all of people's hardworking and marvelous intelligence they can't vanish fiat after all.
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September 05, 2018, 11:38:35 PM
 #166

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.
No fiat shouldn't be eliminated and won't be eliminated. Like do you really expect governments to keep their hands tied if fiat falls? Crypto is just meant to fulfill purposes that fiat couldn't and will work as each other's sidekick. Or something like that. How will you buy crypto if there's no fiat? Roll Eyes haters will say that, it can be mined. What if its pre-mined?  Roll Eyes


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September 06, 2018, 12:21:53 AM
 #167

this will not happen in the near future. not in normal cases. technology doesn't necessarily change everything in the blink of an eye. we all have to be wise in dealing with changes in the world. but we also cannot close our eyes that time goes on, changes always occur. I believe that the crypto world can bring positive change. both in terms of material and technology. and crypto isn't always about money.
Yeah the development of bitcoin will continue to advance but that doesn't mean it will change everything, fiat will continue to exist because the government will always manage their local currency, and bitcoin or crypto only become part of a currency option for fiat is nothing more than that..

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September 06, 2018, 12:31:28 AM
 #168

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.

It would be hard to eliminate fiat if not all people can use it that's why I think it is less likely that eliminating fiat would happen due to lack of resources when it comes to using cryptocurrencies. If a place doesn't have any internet connection then it would be hard for the people in there because they can't even use it and the only way for them to have trading is to use fiat so I think cryptocurrency would just be ideal for places that ha full internet connection and the merchants would consider adopting it.

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September 06, 2018, 01:02:49 AM
 #169

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.

Yes I agree with it. Up until now not all people now about how to use computers. In our country there are alot indigenous peoples who don't have enough knowledge regarding computers.
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September 06, 2018, 01:16:28 AM
 #170

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.

true, some are to eager to eliminate fiats, stating their sentiments about the monopoly of fiats and everything, the fact that fiats are here way back many centuries, we have over used fiats and has brought us ease of using it. even today, some rural areas or countries did not used any fiats on their own, still using stones and metal as medium of trading, even fiats did not expanded in almost all parts of the world, why so excited about using crypto, not all big and small enterprise are internet based, not all people in every corner of the world has an internet access. in your country alone, not all has access on the internet and cellphones with data. therefore we cannot totally eliminate fiats.

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September 06, 2018, 01:42:05 PM
 #171

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.
Even though everyone wants fiat to be eliminated, not every people can still invest on cryptocurrency and that is the reason why it should not be used by everyone on different countries.

Why do people think about such a possibility? Why should the cryptocurrency let the traditional money vanish? No, the crypto will never do it. Fiat will be used together with alts and BTC.

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September 06, 2018, 01:52:06 PM
 #172

I guess people will not replace fiat over blockchain technology. Eventhough the cryptocurrency is now a big hit, there are still things to consider. Fiat is part of one's culture and it embodies its value of the country. This is also differentiate each country. This is the symbol of each country that should never neglect. People are just having an advance thinking about it, but it will never happens in the near future. So no worries for now.

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September 06, 2018, 02:05:07 PM
 #173

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 so agree with you. Aside from your reasons, their are still people in every community that are not used in using cryptos most especially the oldies who are not interested or should i say still ignorant in using technologies and lack of knowledge about the digital world because they are already contented of the kind of life that they used to have.

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September 06, 2018, 03:36:13 PM
 #174

We need cash and we will use it.
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September 06, 2018, 03:58:34 PM
 #175

I guess people will not replace fiat over blockchain technology. Eventhough the cryptocurrency is now a big hit, there are still things to consider. Fiat is part of one's culture and it embodies its value of the country. This is also differentiate each country. This is the symbol of each country that should never neglect. People are just having an advance thinking about it, but it will never happens in the near future. So no worries for now.
I agree.I know blockchain technology has really a bright future ahead so i have high hopes that it will continue to grow and be popular in almost all countries in the world.But still i believe the use of fiat currency will still be in demand especially with those people in rural areas and for some senior citizens who are not willing to adopt changes anymore.

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September 06, 2018, 03:58:51 PM
 #176

As far as I know fiat currency will not disappear, let's us say that cryptocurrency is a big boom but that is not mean it will replace fiat
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September 06, 2018, 08:29:55 PM
 #177

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 are confusing fiat with physical money, we need a form of physical money because as you say not everyone is going to have access to computers or the Internet, that is correct but for that we do not need fiat, what we need is a form of currency that has been around for thousands of years and that the government cannot inflate the way they do with fiat, and fortunately for us we have a currency like that and it's called gold and silver.

So the elimination of fiat is probably not going to happen because governments are going to keep trying to get people to accept that form of money, but in theory we could use a combination of cryptocurrencies and precious metals and the economy will run fine.

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September 06, 2018, 09:34:11 PM
 #178

Please rest assured that. At this point cash is important and even later. It is still practical for human life, especially to boost the economy. Continuing economic flow in the long run.

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September 06, 2018, 11:53:34 PM
 #179

Eliminating fiat money is not possible because not all are in crypto and there are still dont know what crypto is. Another is those who are i  place where elecritcity is not possible and doesn't have internet. Of course at some case we will be using fiat money in some situation  that crypto is not available. We can use both.

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September 06, 2018, 11:57:09 PM
 #180

Please rest assured that. At this point cash is important and even later. It is still practical for human life, especially to boost the economy. Continuing economic flow in the long run.
Cryptocurrency may go a long way but surely fiat currency will still remain since there will still be more demands from people who still prefer to use paper money than make a change and use a  newly digital currency.

 
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