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Author Topic: the future real money  (Read 28570 times)
jack8989
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October 28, 2018, 06:49:47 PM
 #21

[bif i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?[/b]
It can be highly appreciated by developed countries like USA, Singapore, Japan or China. These new ideas need to be implemented in some big countries so that ideas can easily become real and effective. Wish you success and hope you will bring many benefits to Cryptocurrency.

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October 28, 2018, 06:49:56 PM
 #22

[bif i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?[/b]

What do you mean by virtual payment equipment? Are you referring to hardware stuff?
I think the op meant payment gateways that accept cryptos. For people to really use cryptos in their everyday lifes, we'll need debit cards and Points of Sale (terminals) that will accept these cards. I know there are some project working on it already, such as Graft, for example, but to succeed they would need consent of the major chains of grocery stores, cinemas etc. That's why I don't think we will see it around soon. It could take years to persuade Visa/Mastercard to allow mass issuing of cards with top cryptos. And making suitable payment gateways is also not among easy tasks.

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candra raditya
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October 28, 2018, 08:10:33 PM
 #23

I think for the future there will be changes. For now fiat is the main money, but it does not rule out the possibility that crypto in the future will be chosen and used as real money.

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October 28, 2018, 08:10:58 PM
 #24

[bif i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?[/b]

The money we use today, is virtual already, 1´s and 0´s made by pressing buttons. Some might think that dollar or euro are backed by physical assets, which is not the case any longer. We need a different sort of virtual currency, that is not made by a private institute that takes huge profits and leaves the world in dept(Federal reserve / world bank).
We need a secure decentralized medium of exchange, which is bitcoin and alt coins. last dec-jan when we had a wave of new costumers in the market, there was no infrastructure to support them all and BTC transaction prices went through the roof. The more infrastructure we can produce( alt coins and exchanges with alt coins etc etc) will make an adoption possible, so we wont see a repeating of def 2017 the next wave of as soon as the new wave of adopters arrive. I bet that blockchain and altcoins will grow and grow slowly and hopefully we will have enough infrastructure to support another wave of adopters, if they should come.

I see no reason for money to be eroded that much by alternatives, inflation and devaluation is already here, made by the system it self and how it is structured, block chain will not change that, merely offer a safe heaven for value storage and also work as a medium of exchange when retailers line up to accept it! The collapse of the FIAT system is imminent, block chain is a reaction to the fraudulent FIAT system, and could offer an alternative if we demand it to be accepted, but if regulators have their ways, we will have to wait and wait i guess.

But yeah, you are correct, we need an alternative in order for classic FIAT money to be swapped out!

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October 28, 2018, 08:39:56 PM
 #25

[bif i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?[/b]
Yes we can see that their are different altcoins but we cannot say they are transerable into real money though they can be change. The future of real money would exist and it would not fade but it will be lend a hand by the cryptocurrency that can be use as a money to do any transaction.
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October 28, 2018, 08:40:41 PM
 #26

I think we'll see a double system. I mean fiat currencies which they are centralized whether it is still digital or not will be still in use but use of cryptos will be more. This process may take a few decades. People have habits and we should not except to change these habits in a day.

 
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October 28, 2018, 09:57:06 PM
 #27

I believe at the current rate how cryptocurrency is being develop further by people and even existing companies venturing to blockchain or cryptocurreny, time will come that many form of payment will happen in through cryptocurrency. Yes, it may take some years from now but a hug possibility that it will be accepted by the masses is there. Cheers to all legitimate crypto out there.

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October 29, 2018, 04:34:39 AM
 #28

sure in future all online payment will be digital payment such altcoin or bitcoin but its need more time to be used in real life. not simple as we trade at crypto market. need regulation for governance
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October 29, 2018, 05:11:32 AM
 #29

It's already happening if we will talk about virtual payments using fiat and crypto. It will take time until crypto will be accepted in any means but for sure it will happen. Basically I don't think it will replace fiats as this is like the roots for using in payments.
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October 29, 2018, 05:23:34 AM
 #30

[bif i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?[/b]


Their is the possibility bitcoin became a future currency.We are using some online wallet to pay a bill ,in future we will use bitcoin wallet for the transcation.If that happens,you no need to stay in a line to withdraw our money.The time to transcation will be very low.So the people automatically start to use bitcoin in future.


   The entry of Crypto currency in the open market really makes a lot of question on what to becomes on FIAT money in the near future, we've seen the visible and active crypto market, consumer's confident increase as to shift of investment from Stock Market into the crypto market, almost all government financial business community are talking on how to Regulate the Crypto Market, once all of there issue are address, i feel that we will have a digital currency in the near future...and eventually outdated the FIAT money in the long run...
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October 29, 2018, 06:11:27 AM
 #31

In future the money will be more advance and more digitalizes than now like in these days people use crypto for sake of money and it is virtual we can access this every where with out any problem and now we should use crypto for transactions and not for just speculation so i hope that in the future money will be crypto and we can say that bitcoin will be universal currency.

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October 29, 2018, 06:20:59 AM
 #32

The world we live in now is moving towards a cashless society, because we are using digital payment methods more than we are using Fiat cash in first world countries. Just look at all the different payment methods that are being used on a daily basis, namely :

~ Credit Cards
~ Debit Cards
~ PayPal
~ Payment processors
~ Charge cards
~ Prepaid cards
~ Phone and mobile payments
~ Money orders
~ Online Banking ePayments (OBeP)
~ Cheque
~ Crypto currencies

I see a world where all of these technologies will replace Fiat currencies.  Wink

 
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October 29, 2018, 06:47:21 AM
 #33

I think we have been on that transition of using electronic currencies and doing electronic transactions over manual and fiat currencies. I mean we have been dealing with online payments and such that we can actually spend the whole day outside with just your phone. I think we will see a wholely electronic and online lifestyle by the next few years.

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October 29, 2018, 06:51:37 AM
 #34

if all switch to virtual currency, then what about real money conditions whether each country will stop making real money in the future I don't think so ... !!?

I don't think that everyone is turning to virtual money because if all use virtual money, the value will actually decline.
I think fiat will continue to be used for payment in traditional markets not on the global market. Every country community still respects their fiat in accordance with the provisions that apply in their country of residence.

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October 29, 2018, 07:22:31 AM
 #35

The world we live in now is moving towards a cashless society, because we are using digital payment methods more than we are using Fiat cash in first world countries. Just look at all the different payment methods that are being used on a daily basis, namely :

~ Credit Cards
~ Debit Cards
~ PayPal
~ Payment processors
~ Charge cards
~ Prepaid cards
~ Phone and mobile payments
~ Money orders
~ Online Banking ePayments (OBeP)
~ Cheque
~ Crypto currencies

I see a world where all of these technologies will replace Fiat currencies.  Wink

I too agree with you here! We are slowly moving towards a cashless economy and probably within next 8-10 years, fiat will be a thing of past. However, I don't see cryptocurrencies as a viable option to replace the fiat system! In a worldwide scale, cryptos can't be used to power up all transnational requirement.

What I see the future will be based on government controlled virtual currencies running on a government controlled blockchain tailor made for everyday use! We don't have to carry cash with us anymore and everything will be done using our smartphones! Even plastic cards will not be used at a scale that we are doing now! Every transactions can be carried out by your smartphone at any merchant outlet without using a plastic card or hard cash!

Also I don't think Banking system will be phased out either! Banks will adopt this change and update their systems to go along with the change! But if someone argues that cryptos are the future, I would just say that, Yes, government backed cryptos are the future (Probably it will have different naming convention)!

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October 29, 2018, 10:11:51 AM
 #36

if all switch to virtual currency, then what about real money conditions whether each country will stop making real money in the future I don't think so ... !!?

I don't think that everyone is turning to virtual money because if all use virtual money, the value will actually decline.
I think fiat will continue to be used for payment in traditional markets not on the global market. Every country community still respects their fiat in accordance with the provisions that apply in their country of residence.
I think it makes sense to have a common global currency which can serve as the reserve currency of the world, effectively acting as a substitute for competing national currencies.
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October 29, 2018, 10:56:35 AM
 #37

Money got a deeper usage than just a transaction payment, it also being used to control inflation and being used to avoid crisis, although the digital currency keep on coming out we will still need fiat money, crypto still can't be used for main currency because of it's volatility and full of manipulation, and for sure the government will choose a centralised currency which is fiat
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October 29, 2018, 11:14:29 AM
 #38

I Believe that it should be more modern and I think in transactions they will going to go with the flow and digital currencies will fit this situation surely, soon will soon called this as real money of world.

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October 29, 2018, 12:23:02 PM
 #39

I Believe that it should be more modern and I think in transactions they will going to go with the flow and digital currencies will fit this situation surely, soon will soon called this as real money of world.
i don't think it will be that soon, for medium term i believe real currency has not been replaced. For a long time, i thought it might happen, seeing needs of modern humans

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October 29, 2018, 12:26:14 PM
 #40

Real money is now more valuable in the eyes of the public because there are many who use it compared to the money in Gital which is now popular in the internet world.
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