ECONOMIC ANALYSIS/RESEARCH POLL: Cryptocurrency replacing fiat in the future?

[carlisle1]

Fiat and cryptocurrency will join force togeher in the future to serve the people of the entire universe,as they both needed to support the financial works of the world.cryptocurrency will work via internet while fiat will support the offline transactions

[XZERO1]

I voted for they will work in parallel, I personally don't think cryptocurrencies will replace fiat completely in the near future, But saying that cryptocurrencies certainly have every potential that is needed to fully replace fiat currencies.

I simply don't think government would let that happen and make more and more restrictions to prevent cryptocurrencies from being more popular, Also there are many people that are too lazy or simply don't like changes so there's that too.

[dentolas]

I've voted that crypto will replace fiat, but I'm sure that there will be an evolution that might pass through some other options of vote, like both working in parallel (that is already happening), "Governments will distribute their own centralized blockchain currency along with monetary policies" might also happen but in the end the decentralized and accessible nature of crypto will eventually overcome this issue... the question remains about how long will it take for crypto to replace fiat completely...
Just think about everything else besides money... isn't it changing and becoming different and digital? our TV? our phone? our computer? etc....
I can't believe that so many people are in the crypto world and don't believe that crypto can replace fiat money... crypto is money! and money is also evolving from paper printed bills to digital numbers... crypto will be the only long term solution for money...
And general people, that will have trouble with it.... these people will use what the TV tells them to use...
(not long ago, humans used salt as money... don't you think it was also hard to change to gold?)
cheers

[omonuyak]

Both fiat and cryptocurrency are going to work in parallel because I believe that bitcoin and blockchain technology is too good to be abandoned and since governments and financial institutions see that bitcoin bring freedom to our society they might not want to completely used it. 

[shar8431]

Crypto will not replace Fiat, there is just not enough exposure. Yes crypto is more secure but the average person will not use it on a day to day life, at least in my eyes

[CoinAcademyNL]

Only time will tell, but I think that both will be in place for a while, like it is now.

[passeroutpass]

I think that governments will use their own cryptocurrency and only in those areas in which it will be beneficial to the state.

[meusyou]

There will be more adoption of cryptocurrency in the future no doubt but it won't totally replace fiat. Government is saddle with the responsibility of formulating both the fiscal and monetary policies in a country. With cryptocurrency, that responsibility and by extension power is becoming decentralised. As beautiful as it sounds, government will always be around and would never support losing its authority.

[Fedor07]

I think it's possible that cryptocurrencies will replace fiat in the future but there is a very slight chance of that happening. Cryptocurrencies cannot replace fiat alone, I mean someone has to take action since I am pretty sure governments are not going to do it. People just don't see cryptocurrencies as fiat, probably because fiat is used since they were born. And that's why the answer is they will both work in parallel

[fakegurutu]

They both works in parallel, because these two are also dependant to each other. They can co-exist with each other and that makes them more important to each other. All it needs is to people to accept cryptocurrency as part of any transaction payments and also as a currency in both digital and real world.

[bisdak40]

 Governments will only use blockchain technology to support certain processes within their current system

I had a feeling that cryptocurrency will not replace fiat as of this time due to different issues.
Blockchain technology can be use by government to support certain processes as it is fast and transparent which i think can speed transactions and prevent corruption.

[meldrio1]

I think both will use in the future, what if you lost your mobile phone or accidentally broken? how can you pay? of course you use fiat, I think both is important the cryptos and the fiat so we had a second option to use or to pay.

[hgbing]

I think Both will work in parallel

[Text]

For me, any decentralized cryptocurrency like bitcoin will never replace a centralized currency like euro because I believe that policy should be abide. No matter how technology had grown now, still I'd stick to usual way. And cryptocurrency should only be use in online transactions. So they can work on their own fields.

[Scientest]

I think cryptocurrencies will be the only currency within next 10 years. The only reason behind it will be the transparency behind it. We don't need to depend others. Another reason can be the scalibility.

[Pffrt]

Whatever happened, govt will never stop monitoring us. So, I think, govt will start decentralized currency of their own once fiat get some huge threats by cryptocurrency. Also, fiat will be still there because of the volatile characteristics of crypto.

[kobita333]

As many other mentioned, I also believe fiat and cryptocurrency both will be existed. Cryptocurrency will be used for some specific purpose while fiat may be used in some physical shops. Will you wait for a confirmation of $100 of BTC for 30 minutes after having a coffee. I don't think so.

[Singertime637]

Chose: Governments will only use blockchain technology to support certain processes within their current system

Eventually they will adapt tax and control what they can. I think China will also do this first, forcing others to react

[patarfweefwee]

I mean let's not kid ourselves. We can't replace fiat currency in our lifetime or even our children's lifetime no matter how much advantageous crypto currency could be. In an ideal world, everyone will be on crypto and wouod exchange thusly but it is not, everyone has ulterior motives and would not want to relinquish control.

[maxreish]

Their is a processing period before the adoptation but let us think it in a positive way. I believe the time will come, fiat will be replaced by the crytocurrency in the future. Beacause, the cryptocurrency has spread throughout the world so fast and many have already using and patronizing it.