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Author Topic: harmonization of fiat and crypto  (Read 22927 times)
CHRISBIN702
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October 04, 2019, 10:22:16 AM
 #301

Fiat is mostly digital as it is. I'm not sure how a government could "collaborate with crypto." Crypto is a category. That's like saying "collaborate with commodities and securities". The governments can do what they want, as they always have. They are losing control over just one of puppet strings they use to control us. Don't fear for them though. They will either grasp onto the remaining strings harder or create new ones.

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October 04, 2019, 11:15:49 AM
 #302

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 with your statement, once a system had been practiced and is already established it will be difficult to remove or replace it. Same goes with banks vs. Crypto, instead of eliminating one it would be better if they will collaborate and work together.

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October 09, 2019, 11:30:54 PM
 #303

Fiat and crypto have harmonization each other and we can't make one of them could stand by self with have each of fiat of crypto, with fiat crypto could be most profitable because many people still use money for many transaction kinds in their country, without crypto fiat look lke not completed with many transaction for other country faster by crypto.

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October 26, 2019, 09:36:19 PM
 #304

I think it's too early to talk about the harmony of fiat and cryptocurrency. You are talking about a new system that should appear, it will probably appear, and maybe not.
I think "harmony" for fiat means to be an intermediary between the cryptocurrency and the user.  Smiley


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October 27, 2019, 04:04:11 AM
 #305

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.

yes, agree if fiat can collaborate with cryptocurency and can build a stronger economy. and I don't think that cryptocurrency will replace fiat money. because fiat money has been used for a long time and also not everyone can have internet access so they always rely on fiat money in everyday transactions.

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October 27, 2019, 01:06:22 PM
 #306

I think it's too early to talk about the harmony of fiat and cryptocurrency. You are talking about a new system that should appear, it will probably appear, and maybe not.
I think "harmony" for fiat means to be an intermediary between the cryptocurrency and the user.  Smiley



all possibilities can happen along with the times and technology as well as the relationship between fiat currency and crypto currencies We also know that crypto currencies are created with technological advancements to meet the needs along with the times and it is also impossible that the government will also use these advances to economic development

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October 27, 2019, 01:29:19 PM
 #307

At the present time, we are simultaneously using satellite and mobile communications, and wired communications are also present in the remote places of each country.  And also today, many use wired Internet, not just Wi-Fi, and in most countries it is wired Internet that gives the best speed, despite the availability of high technology.  With these words, I want to say that there will always be a user who will use cryptocurrency, just as there will be another user who will use only fiat funds.  Based on this, I believe that cryptocurrency and fiat currencies can exist together without harming each other.
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December 05, 2019, 05:28:46 PM
 #308

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.
Zimbabwe and Venezuela are both insolvent due to excessive borrowing and there seems to be no way to repay them again, which is why a number of countries accuse them and eventually the inflation of the currency must They increased sharply because they printed more money to pay debts. fiat money always has its weaknesses but the person who makes the high inflation rate is led by the leader. Of course, too much debt is also due to part of the corruption being too great for the country to get worse.
but not so that we choose crypto as a common currency. It is a volatile asset and no one can guarantee any organization, Legit. That's why I still support Fiat money.

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December 07, 2019, 02:38:21 PM
 #309

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.
no , i dont think so. Crypto should not be in any country's payment system. why i think so? because this is a risky market and adept speculators call it game of money. This is not a normal financial market, this is a market of price manipulation. Therefore, businesses holding lots of coins only increase their risk. I think our society should only have fiat money and some fast payment wallet systems, that's more than enough.

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December 08, 2019, 01:46:11 PM
 #310

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.
no , i dont think so. Crypto should not be in any country's payment system. why i think so? because this is a risky market and adept speculators call it game of money. This is not a normal financial market, this is a market of price manipulation. Therefore, businesses holding lots of coins only increase their risk. I think our society should only have fiat money and some fast payment wallet systems, that's more than enough.
I don't think so because I think we can use crypto as payment and we can buy all those things with crypto which we have dreamed of. Crypto is gradually getting so much value as a source of payments. Even in some countries, bitcoin is being used as money and as it’s getting the digital system so we must have some bitcoins in our digital wallet to use as  Time of need as crypto has a bright future.
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December 08, 2019, 02:15:08 PM
 #311

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.
no , i dont think so. Crypto should not be in any country's payment system. why i think so? because this is a risky market and adept speculators call it game of money. This is not a normal financial market, this is a market of price manipulation. Therefore, businesses holding lots of coins only increase their risk. I think our society should only have fiat money and some fast payment wallet systems, that's more than enough.
I don't think so because I think we can use crypto as payment and we can buy all those things with crypto which we have dreamed of. Crypto is gradually getting so much value as a source of payments. Even in some countries, bitcoin is being used as money and as it’s getting the digital system so we must have some bitcoins in our digital wallet to use as  Time of need as crypto has a bright future.


Bitcoin will indeed be a form of payment in the future, but it is currently very rare to use it for transactions. Most people use Bitcoin and crypto to earn profits from trading, long,short or middle term.

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December 08, 2019, 02:54:04 PM
 #312

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.
no , i dont think so. Crypto should not be in any country's payment system. why i think so? because this is a risky market and adept speculators call it game of money. This is not a normal financial market, this is a market of price manipulation. Therefore, businesses holding lots of coins only increase their risk. I think our society should only have fiat money and some fast payment wallet systems, that's more than enough.
I don't think so because I think we can use crypto as payment and we can buy all those things with crypto which we have dreamed of. Crypto is gradually getting so much value as a source of payments. Even in some countries, bitcoin is being used as money and as it’s getting the digital system so we must have some bitcoins in our digital wallet to use as  Time of need as crypto has a bright future.
unfortunately not many countries have legalized it like that, so bitcoin is not free to use for payment. I think by placing crypto as an alternative payment method, it would be better, but unfortunately the government is still having a hard time releasing the centralized system adopted today.


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December 08, 2019, 03:22:41 PM
 #313

Fiat is indespensible , it cannot be ever killed even if people are using cryptocurrencies , one should understand that not everyone in this society does have access to Internet , cryptocurrencies , knowledge about cryptocurrencies and owns some cryptocurrencies.
The poor farmers and their families , how do you think you can actually ask them to accept payment in cryptocurrencies? How do you think you will ask a person to connect with internet open a wallet and you will send them money when they don't own any mobile.
The world is driven in poverty and people are dying of hunger everyday and not everyone is fortunate enough to own all these things that would make it possible and the government is too corrupt to do anything about it and people are too selfish to help.

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December 08, 2019, 05:17:06 PM
 #314

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.
no , i dont think so. Crypto should not be in any country's payment system. why i think so? because this is a risky market and adept speculators call it game of money. This is not a normal financial market, this is a market of price manipulation. Therefore, businesses holding lots of coins only increase their risk. I think our society should only have fiat money and some fast payment wallet systems, that's more than enough.
I don't think so because I think we can use crypto as payment and we can buy all those things with crypto which we have dreamed of. Crypto is gradually getting so much value as a source of payments. Even in some countries, bitcoin is being used as money and as it’s getting the digital system so we must have some bitcoins in our digital wallet to use as  Time of need as crypto has a bright future.

where do you find crypto used as payment? in reality, crypto still difficult to accepted by part people in the world. people tend to reject crypto because they assumes crypto is complicated and very simple use fiat money as a payment. it happen in few country

but maybe in the future crypto and fiat money can collaborates together, while internet kids growing up

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December 08, 2019, 09:56:06 PM
 #315

If cryptocurrency have many positive respond not only from investor but also from company I think fiat just waiting time when they will be die, Fiat only give us soft service for transaction but could't not give how to increase money using Fiat and bitcoin can give us both of faster transaction and by using bitcoin could increase our money.
Let us say that a lot of people accepts and finds cryptocurrency a good currency to have, i think fiat will not vanished or die even if cryptocurrency became mainstream because even though every single one of us knows about cryptocurrency, we can't take the fact that some people are not keeping up with technology, they don't have any devices that they can use to manage and use their cryptos. As of now crypto does not have a very fast transaction for each transaction last for about an hour or 30mins so it isn't that far from fiat. I think we don't need to cross out one of the two things, using it simultaneously can give us much better experience and more opportunities.



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December 09, 2019, 03:48:54 AM
 #316

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.
no , i dont think so. Crypto should not be in any country's payment system. why i think so? because this is a risky market and adept speculators call it game of money. This is not a normal financial market, this is a market of price manipulation. Therefore, businesses holding lots of coins only increase their risk. I think our society should only have fiat money and some fast payment wallet systems, that's more than enough.
I don't think so because I think we can use crypto as payment and we can buy all those things with crypto which we have dreamed of. Crypto is gradually getting so much value as a source of payments. Even in some countries, bitcoin is being used as money and as it’s getting the digital system so we must have some bitcoins in our digital wallet to use as  Time of need as crypto has a bright future.

where do you find crypto used as payment? in reality, crypto still difficult to accepted by part people in the world. people tend to reject crypto because they assumes crypto is complicated and very simple use fiat money as a payment. it happen in few country

but maybe in the future crypto and fiat money can collaborates together, while internet kids growing up

Crypto has been used as payment, we can see some digital product like steam wallet top up, and any VPN maybe accept BTC as payment. But maybe to be accepted by a lot of people, really need from government so the company not afraid anymore if want to use BTC as payment. In other side, about fees and transaction time need to be solved first.

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December 09, 2019, 05:46:00 AM
 #317

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.
no , i dont think so. Crypto should not be in any country's payment system. why i think so? because this is a risky market and adept speculators call it game of money. This is not a normal financial market, this is a market of price manipulation. Therefore, businesses holding lots of coins only increase their risk. I think our society should only have fiat money and some fast payment wallet systems, that's more than enough.
I don't think so because I think we can use crypto as payment and we can buy all those things with crypto which we have dreamed of. Crypto is gradually getting so much value as a source of payments. Even in some countries, bitcoin is being used as money and as it’s getting the digital system so we must have some bitcoins in our digital wallet to use as  Time of need as crypto has a bright future.

where do you find crypto used as payment? in reality, crypto still difficult to accepted by part people in the world. people tend to reject crypto because they assumes crypto is complicated and very simple use fiat money as a payment. it happen in few country

but maybe in the future crypto and fiat money can collaborates together, while internet kids growing up

Crypto has been used as payment, we can see some digital product like steam wallet top up, and any VPN maybe accept BTC as payment. But maybe to be accepted by a lot of people, really need from government so the company not afraid anymore if want to use BTC as payment. In other side, about fees and transaction time need to be solved first.
I mean is payment for real transactions like buy coffee with bitcoin or buy bread with bitcoin etc not online payment for digital product, people prefer to pay with fiat money in real life. need more time to crypto kill fiat money moreover like you said about fees and transaction time to be solved, its difficult to remove fiat money and move to crypto

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Cherylstar86
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December 09, 2019, 12:14:51 PM
 #318

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.
no , i dont think so. Crypto should not be in any country's payment system. why i think so? because this is a risky market and adept speculators call it game of money. This is not a normal financial market, this is a market of price manipulation. Therefore, businesses holding lots of coins only increase their risk. I think our society should only have fiat money and some fast payment wallet systems, that's more than enough.
I don't think so because I think we can use crypto as payment and we can buy all those things with crypto which we have dreamed of. Crypto is gradually getting so much value as a source of payments. Even in some countries, bitcoin is being used as money and as it’s getting the digital system so we must have some bitcoins in our digital wallet to use as  Time of need as crypto has a bright future.

where do you find crypto used as payment? in reality, crypto still difficult to accepted by part people in the world. people tend to reject crypto because they assumes crypto is complicated and very simple use fiat money as a payment. it happen in few country

but maybe in the future crypto and fiat money can collaborates together, while internet kids growing up

Crypto has been used as payment, we can see some digital product like steam wallet top up, and any VPN maybe accept BTC as payment. But maybe to be accepted by a lot of people, really need from government so the company not afraid anymore if want to use BTC as payment. In other side, about fees and transaction time need to be solved first.
I mean is payment for real transactions like buy coffee with bitcoin or buy bread with bitcoin etc not online payment for digital product, people prefer to pay with fiat money in real life. need more time to crypto kill fiat money moreover like you said about fees and transaction time to be solved, its difficult to remove fiat money and move to crypto


Each of us want an easy way of transaction and by using fiat is still the best way to pay since not all stores accept crypto currency. Likewise, there are some stores adopt the crypto currency mode of payments but since then it needs an internet connection to access your transaction. Also, I don't think it needs to kill the fiat because some small establishment needed it unlike crypto currency.
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December 09, 2019, 12:36:00 PM
 #319

Fiat and crypto have harmonization each other and we can't make one of them could stand by self with have each of fiat of crypto, with fiat crypto could be most profitable because many people still use money for many transaction kinds in their country, without crypto fiat look lke not completed with many transaction for other country faster by crypto.

We still can't say that fiat and cryptocurrencies are in harmony but sooner or later they will have to be.
Cryptocurrencies have become part of many societies and governments and central banks need to find the way how to regulate it the best way because with time cryptocurrencies will only grow.
That doesn't mean that people will stop to use fiat currencies, that will not happen but probably will combine the best of both. Therefore the best option for harmony of fiat and cryptocurrencies should be found as soon as possible.

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December 09, 2019, 12:48:01 PM
 #320

Fiat and crypto have harmonization each other and we can't make one of them could stand by self with have each of fiat of crypto, with fiat crypto could be most profitable because many people still use money for many transaction kinds in their country, without crypto fiat look lke not completed with many transaction for other country faster by crypto.

We still can't say that fiat and cryptocurrencies are in harmony but sooner or later they will have to be.
Cryptocurrencies have become part of many societies and governments and central banks need to find the way how to regulate it the best way because with time cryptocurrencies will only grow.
That doesn't mean that people will stop to use fiat currencies, that will not happen but probably will combine the best of both. Therefore the best option for harmony of fiat and cryptocurrencies should be found as soon as possible.

Probably not yet fully harmonized with each other but i think it's just a matter of time. I think crypto was meant to be like that in the first place. That would likely come when crypto becomes more accepted by the people the same way they accept fiat. Though we may see some significant changes in crypto with that since some features may have to be given up.

 
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