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h0lybyte
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October 20, 2018, 02:11:36 AM |
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FIAT money is our daily currency which has been existing here for hundreds of years, when crypto currencies like Bitcoin is squeezing their way up to become a world currency and sort. Can they co-exist? If so then what benefits we can get from them, altogether? Not separately.
Of course bitcoin and fiat can co-exist and both will have separate means in real world economy. Lets say bitcoin can be used in businesses to transact globally without limitations and with fiat we will count and give value to bitcoin in market. Without fiat we couldn't give value to any coin/asset in our daily life |
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daarul50
Legendary
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Activity: 1596
Merit: 1034
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October 20, 2018, 02:12:17 AM |
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FIAT money is our daily currency which has been existing here for hundreds of years, when crypto currencies like Bitcoin is squeezing their way up to become a world currency and sort. Can they co-exist? If so then what benefits we can get from them, altogether? Not separately.
It is possible for bitcoin and FIAT side by side because nowadays everything has been digitalized so that FIAT in the future will probably be digital and people don't need to carry a wallet to store FIAT currency. |
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kotajikikox
Full Member
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Activity: 2380
Merit: 207
★Bitvest.io★ Play Plinko or Invest!
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October 20, 2018, 02:15:26 AM |
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Eventually since bitcoin exist as first digital currency and adopt country's and people in their lives need to buy use fiat usd to buy bitcoin, that's good sign tie up with bitcoin or cryptocurrency as currency to use daily lives of all people are strongly perfect combination for faster transaction.
We need to understand well they can't ignore fiat to exist as currency.
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Minhxx
Jr. Member
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Activity: 412
Merit: 3
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October 20, 2018, 02:31:02 AM |
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When you use bitcoin in large transactions it will be convenient. With small transactions it will be inconvenient for you and I follow my fiat transactions more conveniently for their country, most of the time. People still do not believe in bitcoin completely
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A leading provider of scaling solutions for Web3 game developers |
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Mandevil
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October 20, 2018, 07:37:07 AM |
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whether or not it is a matter of time - now and a lot of time will be like this, there is a Fiat - and there will be a long time about the complete replacement in crypto - this is a question not even decades, and possibly centuries.
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Mandevil
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October 20, 2018, 07:39:24 AM |
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all governments - as in other matters and individual banks - will not just give up their positions. but if one imagines such a thing - that fiat has gorged in the past, people are less hostile, only crypto remains - the world will probably be much more comfortable.
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Mandevil
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October 20, 2018, 07:42:25 AM |
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FIAT money is our daily currency which has been existing here for hundreds of years, when crypto currencies like Bitcoin is squeezing their way up to become a world currency and sort. Can they co-exist? If so then what benefits we can get from them, altogether? Not separately.
It is possible for bitcoin and FIAT side by side because nowadays everything has been digitalized so that FIAT in the future will probably be digital and people don't need to carry a wallet to store FIAT currency. I think that this is not even a dream, but soon future. each country has its own crypto - just like a common crypto. |
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AccidentalTuber
Newbie
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Activity: 37
Merit: 0
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October 20, 2018, 04:34:26 PM |
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The future is definitely co-existence of Bitcoin and Fiat. Already it is happening and the growth is astonishing. People will have different payment system which will make life easier.
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BusyShows
Newbie
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Activity: 37
Merit: 0
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October 20, 2018, 04:35:25 PM |
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Co-existence of fiat currency and bitcoin can have many advantages and many are thinking this is the future for cryptocurrency rather than taking over fiat. Online or digital transactions can be covered by bitcoin and physical exchanges can be done by fiat.
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Jeroiswen
Newbie
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Activity: 32
Merit: 0
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October 20, 2018, 04:36:24 PM |
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A future without fiat currency is simply unlikely to happen as governments will strongly oppose this. This leaves the only option: coexistence. And the way I see it, it is very much happening in near future. Bitcoin will be matured once the mining ia done, and will reach a very high stable price. Bitcoin is a complement of crypto currency, it has come up with everything fiat couldn't do.
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Araewien
Newbie
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Activity: 14
Merit: 0
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October 20, 2018, 04:37:14 PM |
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The future is definitely co-existence of Bitcoin and Fiat. Already it is happening and the growth is astonishing. People will have different payment system which will make life easier.
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Rozita
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October 20, 2018, 09:15:11 PM |
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Co-existence of fiat currency and bitcoin can have many advantages and many are thinking this is the future for cryptocurrency rather than taking over fiat. Online or digital transactions can be covered by bitcoin and physical exchanges can be done by fiat.
I agree that fiat currency will exist. But I don't think paying for things using something physical is an advantage. Cash is used less day by day. |
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creeps
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October 20, 2018, 09:36:28 PM |
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FIAT money is our daily currency which has been existing here for hundreds of years, when crypto currencies like Bitcoin is squeezing their way up to become a world currency and sort. Can they co-exist? If so then what benefits we can get from them, altogether? Not separately.
I think its happening now, we enjoy fiat money and cryptocurrency at the same time and if you see the result right now, we have so much options to transact around the world. Fiat money will stay, it will not die so both of this currency will co-exist and it will help us to live in a better way. Cryptocurrency attracts many investors because of its technology, and if people continue to support this one soon we will witness a great financial system than can beat banking system, well this is purpose of a decentralized market at all. |
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louie69
Member
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Activity: 322
Merit: 12
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October 20, 2018, 11:14:40 PM |
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Definitely, fiat and cryptocurrency should co-exist as cryptocurrency is not yet a universal currency that can be used globally. In the current situation, we need fiat currency as this is what we are using to spend for the basic commodities and other payment transactions. The advantages of having bitcoin is the investment you had made where it could give sufficient return of investment once it undergo a bullish market and have it exchange into fiat money to be use in purchasing goods that require fiat currency only.
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Ziskinberg
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October 20, 2018, 11:35:19 PM |
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Co-existence of fiat currency and bitcoin can have many advantages and many are thinking this is the future for cryptocurrency rather than taking over fiat. Online or digital transactions can be covered by bitcoin and physical exchanges can be done by fiat.
I agree that fiat currency will exist. But I don't think paying for things using something physical is an advantage. Cash is used less day by day. For me,there's nothing wrong having both of them as legal currencies.People will have more freedom to choose what options they will take,either with fiat or with cryptocurrency bitcoin.I think this will create a more stable economical level as this two are already working hand in hand than competing with each other. |
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Kelvinid
Sr. Member
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Activity: 2800
Merit: 344
when lambo...
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October 20, 2018, 11:53:42 PM |
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FIAT money is our daily currency which has been existing here for hundreds of years, when crypto currencies like Bitcoin is squeezing their way up to become a world currency and sort. Can they co-exist? If so then what benefits we can get from them, altogether? Not separately.
I think its happening now, we enjoy fiat money and cryptocurrency at the same time and if you see the result right now, we have so much options to transact around the world. Fiat money will stay, it will not die so both of this currency will co-exist and it will help us to live in a better way. Cryptocurrency attracts many investors because of its technology, and if people continue to support this one soon we will witness a great financial system than can beat banking system, well this is purpose of a decentralized market at all. Yes.Cryptocurrency is really making its own trademark in the financial system nowdays but we cannot also ignore that fiat currency is still here and cannot be replace as easy as that.I believe that these two will create good advantages if they will co-exist together just like what is starting to happen now. |
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ramesh770
Member
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Activity: 96
Merit: 13
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October 20, 2018, 11:55:24 PM |
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FIAT money is our daily currency which has been existing here for hundreds of years, when crypto currencies like Bitcoin is squeezing their way up to become a world currency and sort. Can they co-exist? If so then what benefits we can get from them, altogether? Not separately.
I think its happening now, we enjoy fiat money and cryptocurrency at the same time and if you see the result right now, we have so much options to transact around the world. Fiat money will stay, it will not die so both of this currency will co-exist and it will help us to live in a better way. Cryptocurrency attracts many investors because of its technology, and if people continue to support this one soon we will witness a great financial system than can beat banking system, well this is purpose of a decentralized market at all. Yes.Cryptocurrency is really making its own trademark in the financial system nowdays but we cannot also ignore that fiat currency is still here and cannot be replace as easy as that.I believe that these two will create good advantages if they will co-exist together just like what is starting to happen now. I think both will be exist and work same as both have their own fundamentals of work. Banking system needed to run some tasks which bitcoin cannot do. |
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randegibran
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October 21, 2018, 02:44:40 AM |
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FIAT money is our daily currency which has been existing here for hundreds of years, when crypto currencies like Bitcoin is squeezing their way up to become a world currency and sort. Can they co-exist? If so then what benefits we can get from them, altogether? Not separately.
I think that side by side can be done, exchanging fiat money to crypto or from crypto to fiat will be connected to each other, because basically it will continue like that |
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xbossJ
Jr. Member
Offline
Activity: 278
Merit: 5
Invest and play
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October 21, 2018, 09:29:36 AM |
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Bitcoin and FIAT are already co-existing! If you say "legally" I sure think the both can co-exist. But it would depend on what government thinks about cryptocurrencies. Only a few services accept $Bitcoin in its form as payment, for you to pay elsewhere you first have to convert your $Bitcoin to FIAT to make your payments possible! Alot of people who got wealthy from $Bitcoin wouldn't have been counted as millionaires if their wealth was only in $Bitcoin, so they needed to convert to FIAT for their wealth to be counted.
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Faireum.io Pre-Sale: 25 March 2019
──── Invest / Play ...Or why not both? |
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Bittalk12
Member
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Activity: 434
Merit: 11
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October 21, 2018, 11:56:02 AM |
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They co-existed already from the day Bitcoin was created. Fiat currency helps bitcoin and other altcoin to reach their all time high. Bitcoin is virtual money while fiat currency is an actual money and they have different purposes. Not all businesses accepting virtual currency like bitcoin right? To earn using Bitcoin, we convert our fiat to crypto currency. Wait for the value of bitcoin to multiply then vice versa, we convert bitcoin to fiat currency to support our daily needs.
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