harmonization of fiat and crypto

[yansen]

I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.

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[KingScorpio]

I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.

"fiat" is actually the wrong and a biased word, to insult the communal currencies, crypto can also be fiats, and they effectivly also behave that way,

what we are really talking about is communal managment currencies, there is a huge collision between crypto and those that cannot be neglected, its like capitalism and communism (cold war) could coexist next to each other, but they dont, capitalism (crypto) is unavoidably in a conflict with communism (communal managment currencies)

because the capitalists want control over the money, for communal supportive AND not supportive goals, thats the issue, thats that defines the extend of the conflict.

people working for money, are highly affected by crypto's and cryptos are in a neverending dirtfight against each other.

so no harmonisation can ever occur if the cryptocurrencies would support 100% communal managment only they would have to adapt and obey a shitload of several hundred years parliementary burocracy and regulation so that the founders of the cryptos would have to be either rich like bill gates to hire an army of lawyers or a robot because money has the ability to create asymmetries between economic participants.

regards

[HabBear]

But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system.

No. The world leaders have value, ownership, and power through (in part) their fiat currency. To give that up would take a significant (and good) change in human behavior by these people who've come up and no thrive in power.

If any major company were to adopt crypto they'd want to own and control it. This won't work for bitcoin. And any creation of a govt based crypto serves to give them visibility into transactions.

[oppasong]

if it is made to collaborate both fiat and crypto for the future it is very good because later many countries that do not accept crypto will accept crypto for the collaboration thus this system will be more secure and all people will want it to join the cryptocurrency world.

[dothebeats]

Crypto and fiat cannot symbiotically exist, especially in running a country's finances. Perhaps bitcoin can be used as a reserve currency, but that's it and nothing more. There's just too many risks involved in incorporating crypto into an economically stable country. In countries like Venezuela though, we see how bitcoin helps them in a way for their needs and for spending. Maybe in countries that are struck but hyperinflation this idea might work, but for the rest of the world, it wouldn't.

[bering]

I want it but seems it will never happened that fiat are established since hundreds years ago and government already make fiat as one of the economy tools but although crypto came with several features which possibly to beat fiat but government will always be attempts to eleminate crypto from people life but indeed if fiat can collaborated with crypto i think most people will feel the benefit from it

[batang_bitcoin]

But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.

I agree if that's going to be a reality but its unlikely. You know that government won't gamble to a decentralized systems and they don't have total control on it.

We as individuals can agree and do it without interfering the other system but if the government steps in, I doubt it that this is ever going to happen.

[supermine]

I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.

Healthy collaboration will not be possible either fiat or crypto cill be the future of currency system because if people consider that crypto has more advantage over fiat then they will move towards the cypto system in the future or they will ignore the crypto and the fit will be there as always.But we already have crypto has some part in it so it is slowly adopted by everyone so the rest will be history.

[0t3p0t]

I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.

I think cryptocurrency collaboration with fiat money has already been happening in some countries like Japan as people can now use Bitcoin to pay for something in that specific country. Here in my country we can use Bitcoin to pay bills and buy prepaid loads instead of using fiat money. Though governments take part on this issue by implementation of such regulations to some local wallets or exchanges in fact we can use Bitcoin, Ethereum, BitcoinCash and Ripple in any online transactions to pay for either goods or services.

[eaglewhite80]

But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.

I agree if that's going to be a reality but its unlikely. You know that government won't gamble to a decentralized systems and they don't have total control on it.

We as individuals can agree and do it without interfering the other system but if the government steps in, I doubt it that this is ever going to happen.

They won't even think about it, let alone gamble into a decentralized system as we all know the mindset governments have towards decentralization as they will always want to be in control.

What I see eventually is both fiat and crypto going hand in hand but which ever way, even if the governments of each country decides to go the blockchain way, they obviously will not be going the decentralized way, that I am sure of, and as long as it is centralized, it is fiat.

[syaripudin]

it seems that in fact fiat and crypto for now still have to keep going side by side, fiat as a currency with a centralization in the banking system this thing that makes its existence still set by the government, and crypto with a decentralized system will certainly greatly benefit every user. so I think the government should be able to give a policy to allow every community to use crypto and this of course does not need to eliminate fiat currencies in general.

[Ucy]

Crypto especially Bitcoin is superior to fiat currency but I don't want fiat to go yet due to  the advantage of having cash and the advantage of different Nations having separate currencies. I may change my mind when Cryptocurency can be used in physical form, without  the Internet and when Nations switche to well decentralized Cryptocurencies.

[Pab]

I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.

Fiat will not die and will be not replace by crypto until govs will not develop his own crypto
Cash will not die also
Take a look.What we can buy with crypto not so much and only in some places of the world
I live in Europe and i can buy nothing with crypto
There is many places where i can buy only with cash for example healthy food at low prices
cryptocurrencies integration with fiat money system is going very slow
We don't have cards services
You can find some ico telling we want to create bridge between crypto and fiat but it is not so easy

[aoluain]

I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.

To me I distinguish FIAT as a currency controlled by a government.
WHEN governments decide to use blockchain technology the currency
could still be called FIAT.

I think a lot of people are assuming or thinking that governments
are going to start using Crypto, the ones we like i.e Bitcoin, Litecoin,
MOnero, Dash etc. I really cannot see this happening a government
will want to control its currency.

SO its easy to mix the terminology up to mean governments will use
Crypto but it will be a centralised controlled crypto, Like FIAT!

[Irvinn]

I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.

I agree that the cryptocurrency can not replace the national money of the states. Cryptocurrency has no relation to the economy of a particular state and has a high price volatility. Even these two factors will not make it possible to replace national money with cryptocurrency. Cryptocurrency can really coexist with the national money of the state, as it is done in practice in Japan.

[exstasie]

I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk.

It wouldn't makes sense for governments to willingly replace their fiat currencies with decentralized cryptocurrencies. Losing the ability to control and manipulate the economy via the money supply is no small loss. It won't happen until and unless the global market forces their hands and fiat currencies plummet in value. I'm pretty skeptical of that. Fiat currencies collapse, sure......and then they get rebooted. I don't see why decentralized currencies would break this cycle unless governments themselves were abolished.

I'm more open to the possibility that central banks will eventually hold cryptocurrency reserves to hedge their economies. That seems like a long way off, if ever.

[Xardasim]

We already need a lot of time to replace cryptocurrency with fiat and surely there will be collaborations in this time period. And i belive, if the more perfect system of money than crypto will not be created, cryptocurrency will be the method of payment in the future.

[batang_bitcoin]

But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.

I agree if that's going to be a reality but its unlikely. You know that government won't gamble to a decentralized systems and they don't have total control on it.

We as individuals can agree and do it without interfering the other system but if the government steps in, I doubt it that this is ever going to happen.

They won't even think about it, let alone gamble into a decentralized system as we all know the mindset governments have towards decentralization as they will always want to be in control.

What I see eventually is both fiat and crypto going hand in hand but which ever way, even if the governments of each country decides to go the blockchain way, they obviously will not be going the decentralized way, that I am sure of, and as long as it is centralized, it is fiat.

Yes, they can go on and adopt the technology because its really applicable to many existing systems and agencies of the government but to become fully decentralized, they are hands off it. I remember there's a state on US that's accepting crypto as payment to the tax of their people and will automatically converted to fiat. That's the one adoption that we are looking for but its not going to be considered by most.

[kodtycoon]

I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.

Maybe the thread you are reading is just a crap or hoax spreader that is not true at all. Anyway, fiat is the official currency released by the government in every country and besides that Fiat also has a high philosophy with the history of a country, so where might fiat die just for crypto, I'm sure it's just nonsense and they are too imagined high. Crypto still cannot be recognized from several countries, if Crypto wants collaboration with Fiat, then at least Crypto's position must be the most important in the world of economy and economic development which is recognized by many institutions from each country.

[yansen]

I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.

"fiat" is actually the wrong and a biased word, to insult the communal currencies, crypto can also be fiats, and they effectivly also behave that way,

what we are really talking about is communal managment currencies, there is a huge collision between crypto and those that cannot be neglected, its like capitalism and communism (cold war) could coexist next to each other, but they dont, capitalism (crypto) is unavoidably in a conflict with communism (communal managment currencies)

because the capitalists want control over the money, for communal supportive AND not supportive goals, thats the issue, thats that defines the extend of the conflict.

people working for money, are highly affected by crypto's and cryptos are in a neverending dirtfight against each other.

so no harmonisation can ever occur if the cryptocurrencies would support 100% communal managment only they would have to adapt and obey a shitload of several hundred years parliementary burocracy and regulation so that the founders of the cryptos would have to be either rich like bill gates to hire an army of lawyers or a robot because money has the ability to create asymmetries between economic participants.

regards

good, thank you for your explanation which is very useful to increase my understanding. so I can differentiate more specifically. so between communal currencies and capital currencies forever it will not be able to collaborate well. because there is a difference in the regulation system and the control of money.