harmonization of fiat and crypto

[nikogluttonym]

Paper money in the future will not be. Each state will have their own crypto money. Which they can control.

[sirminesalot]

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.

if the state and government have legalized the crypto currency as the prevailing currency, I think that cooperation or the government adopting the economic system used by crypto currencies is likely that the economy will progress very rapidly

[Irvinn]

Paper money in the future will not be. Each state will have their own crypto money. Which they can control.

In the near future, the percentage of using non-cash forms of payment will increase, including due to an increase in the use of cryptocurrency. However, the paper money of the states will not disappear. They will always be in demand by certain layers and groups of the population. High-tech states with a high standard of living may try to give up their paper money, but I'm not sure that this experiment will be successful.
However, states will never give up their national money as a whole and will not switch to the use of cryptocurrency. Cryptocurrency will always go to the states along with national money and they will complement each other's capabilities.

[TheUltraElite]

Paper money in the future will not be. Each state will have their own crypto money. Which they can control.

I would agree with your first point but not with the second one. Every country making their own crypto currency is nothing different from every country printing their own currency for payments. What would be the difference between some USD and a digital USD if that is being phased in? Literally nothing and the problems with inflation and bribery will continue on a large scale. Bitcoin is something different from this approach of digitalizing money. Its about a system where the consensus does not depend on a central mode by is decentralized. You should go through Satoshi's whitepaper properly.

if the state and government have legalized the crypto currency as the prevailing currency, I think that cooperation or the government adopting the economic system used by crypto currencies is likely that the economy will progress very rapidly

They may or may not. A government adoption also means that the usage of that crypto will now be strictly regulated.

[anggracoin]

Fiat and crypto will continue to co-exist because they complement each other. The government certainly does not want to lose control in the financial sector but cannot avoid crypto development. Crypto and fiat can collaborate but will not become one, both will remain harmonious and will not kill each other.

[TheUltraElite]

Fiat and crypto will continue to co-exist because they complement each other. The government certainly does not want to lose control in the financial sector but cannot avoid crypto development. Crypto and fiat can collaborate but will not become one, both will remain harmonious and will not kill each other.

I fully agree that crypto and fiat can and probably will in future complement each other. Without fiat I cannot think of anything that can be decided up as a price determinant for crypto. Other than that its only becoming a bagholding scheme for holders and speculation of the price at which they will reach and drooling over that.

In real time how much adoption we are getting and how far merchants are willing to accept bitcoin is still far from anything good. Lets be optimistic about the future and think about new ways to promote crypto among the common folk.

[mersal]

If the normal currencies are not been in our part of the economy it will be a huge problem for every country to survive so the people in the country who don't know about the online and the internet development will definitely don't know how to use the cryptocurrency sofa them both are important they need to learn about cryptocurrency and also the normal currency will helpful for them to make their life easily.

[akram143]

I think if both these currencies combined together the future will be more appropriate for everyone to do proper things if they are uneducated people also to use cryptocurrency like normal currency if it was definitely happen in the future there will be lots of new things will enter into this economy and made more powerful ever.

[jjjfff]

The main problem with fiat is the way the central banks decide to print money whenever the stock markets dip.

Cryptos can't be printed at will like dollars can.

Just a few weeks ago the Chinese stock market dipped hard and everyone was concerned. Suddenly the CBOC emitted U$ 200 billion in new debt, the money flooded the market and pumped the stock prices up. Everyone was euphoric.

The Fed basically does the same since 2008. Whenever the markets aren't doing well they print more money.

How is this system even legal?

There's no way you can harmonize that with the fiscal transparency of Bitcoin. You can't print Bitcoin at will whenever bankers and politicians tell you to.

[whirlcoin]

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.

the development of cryptocurrency in recent times will definitely affect the normal currencies in every country but the solution for this will only the collaboration is possible with both this currencies compared to that only will make a future with a brighter economic situation and it will be possible if the government supports for the cryptocurrency

[Adriano2010]

I also not agree and i think that both will work togheter for long time as bitcoin will be used for more and more people and governments will still want to use fiat money, because is easy for them to control it.

[daarul50]

I also often read various threads saying that crypto will replace fiat. So I immediately had thoughts like this :

"If fiat is replaced by crypto, how can we measure crypto prices in various markets because it will make it difficult for people who carry out crypto trading"

I agree with you that crypto and fiat should collaborate so that the world economy can continue to develop to advance the world financial system.

[Xampeuu]

I also not agree and i think that both will work togheter for long time as bitcoin will be used for more and more people and governments will still want to use fiat money, because is easy for them to control it.

with each opposing system the government still wants to maintain the current fiat currency. therefore if cryptocurrency can be coupled as a fiat supplement, I think it's good enough

[eaLiTy]

I guess they are both going to be used, but as time goes by, one of them will start to overtake the other, causing the other to disappear completely and winner will be most likely crypto.

I am not sure about anything over taking either one, they will co exist and the combination of both these financial structure will make things easy for everyone, no government will not get rid of their economic system to be decentralized and hence fiat will exist and bitcoin will be another mode of payment and transaction model for international trading.

[karanggatak]

yes I agree with you if both can walk together (crypto and fiat money) why do you have to remove one. both can support each other and the government should make a rule so that cryptocurrency is not used for criminal acts. some countries have proven the use of bitcoin and fiat money can make their country progress. like Japan and the United States.

[nur rochid]

yes I agree with you if both can walk together (crypto and fiat money) why do you have to remove one. both can support each other and the government should make a rule so that cryptocurrency is not used for criminal acts. some countries have proven the use of bitcoin and fiat money can make their country progress. like Japan and the United States.

besides, I think the fiat currency will still be maintained by the government, because we know this currency is easy to control, with its centralized system. therefore if the cryptocurrency gets a place, I think it's good

[TheUltraElite]

I also not agree and i think that both will work togheter for long time as bitcoin will be used for more and more people and governments will still want to use fiat money, because is easy for them to control it.

Forget about governments. They would never accept anything that is going to be good for the people. They just want to tax the hell out of you so that they can pay up the politicians out there who do nothing and eat away at people's money while giving false promises about doing a lot of things like changing the entire city all of a sudden.

with each opposing system the government still wants to maintain the current fiat currency. therefore if cryptocurrency can be coupled as a fiat supplement, I think it's good enough

Supplement is also what I feel can happen. Fiat wont go away and crypto will remain popular. So if there is better modes of transfer and a bit of leniency then it can be something worth putting your money in in case you are a nocoiner which I am sure many people visiting this forum are.

[playboy654]

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 both the Fiat and the cryptocurrency was been good at the future it need to be calibrated then only the future will be more peaceful and proper way of guidance will always been helpful for the changes happening to both of these coins was been positive.

[Stavri]

I also dont believe that fiat will totally die. Because there will always people that like traditional items. Such as usd gold etc. But ofcourse crypto will take a big slice from the cake.

[senin]

I also dont believe that fiat will totally die. Because there will always people that like traditional items. Such as usd gold etc. But ofcourse crypto will take a big slice from the cake.

And do not expect. Cryptocurrency will take such a piece of cake, which will be allocated to it by the states. Fiat will exist as long as there are states on Earth with conflicting economic and political interests. Until this time, fiat, especially in non-cash form, will definitely exist. As for cash, some countries with high incomes of citizens may in some time try to get out of the cash zone, I really can not say how it will end.