You think that governments might adopt cryptocurrencies to replace fiat currency

[Mianae]

No they won't. There won't be a nation wide cryptocurrency, which government will be in charge of it. Secondly if every country launches their own cryptocurrency, it will be used just in the country not in every country. This is because launching their own currency puts them in charge as it currently is government are not in charge of cryptocurrency the reason it can't be adopted yet.

[meliodas]

Although it sounds good but do you really think the government will give up every manner of control they have on fiat? I don't think so, which make me believe they might not want to allow cryptocurrencies to replace fiat. Even if they want to, then it would be a government backed crypto which will be centralized thus giving them the neccessary powers. To be realistic a coin like Bitcoin which is fully decentralized, which government will allow it replace its country's fiat.

Not necessarily replace but I suppose it might become an alternate just like how there are some companies that uses their own so called "website currency" and bitcoin to be honest could just act as that because bitcoin commonly used for online payment anyway. The fiat is still needed and tbh hardly replaced by any other currency that are independent from government because that's simply demanding economy disaster.

Yes, cryptocurrencies will become an option for the people in this world to use as a mode of payment but if we will only focus on the government then I think that they will adapt the technology behind cryptocurrencies to replace their old system of fiat currency. I believed that they will have a transition from being physical to digital with the help of blockchain.

[radjie]

Currently, in this day and age, all governments around the world have adopted fiat currencies as a means for its citizens to trade with one another and to trade with other nations around the world. However, would it be possible for in the future for governments around the world to create a cryptocurrency as a means of trade to replace fiat currency?

cryptocurrency is today's modern technology and fiat currency has long been trusted to be used as a transaction tool, therefore it is not possible if the government can replace the role of fiat currency into a digital currency that can be used as a transaction tool. both will continue to exist even side by side in the future and of course the government will not replace fiat because fiat is a form of transaction tool that has a history from the legacies of previous people

[RussiaUkraineTranslation]

Governments will adopt CBDCs which will replace Tether on major exchanges like Binance, ecxx, and Coinbase.

[Waterfull446]

If you look at examples of how many countries in Europe are already beginning to actively support payments with bitcoins in different stores, I think the reaction of the government will also be positive. Because if not all people own crypto assets, but their number will grow, because now even the banking industry is actively exploring what benefits can be derived from digital assets. And people will just look at the actions of institutions that they know, and also start using cryptocurrency. I do not know how quickly we can get away from fiat, but they can coexist.

Acceptance of digital assets is not so difficult. But people will be careful until they see a real example of the safe use of cryptocurrencies. But the taklimakan platform can help users learn how to work with digital assets, including making the right investments. And a good knowledge of digital technologies will also show people that it’s time to change fiat towards safer and more transparent solutions that cryptocurrencies offer

[adsdas]

as far as i can see, there will be a very small chance for cryptos to become an official currency that can replace fiat currency because rightnow it is too weak to have a chance to compare to Fiat when the price is dropping slowly days by days and more investors are quiting, ,from a very convinient currency to a digital wallet, that is hard for everyone still use fiat everyday.

[Katashi]

The possibility is that cryptocurrency will be adopted in most countries but it will not fully replace fiat currency unless that in any part of the world has a stable internet connection and every person have smartphones. The good thing is cryptocurrency will co-exist in the future as the government sees the beauty behind its technology.

[aamirsuh]

States don't understand the value of Bitcoin before they get into trouble. Venezuela is the best example. Now we need to plan early. Bitcoin does not offer an exit when the economy goes bad. You need to master Bitcoin. Too bad to be in need of Bitcoin!

[nikki4]

Currently, in this day and age, all governments around the world have adopted fiat currencies as a means for its citizens to trade with one another and to trade with other nations around the world. However, would it be possible for in the future for governments around the world to create a cryptocurrency as a means of trade to replace fiat currency?
   
I can see that fiat currency has many flaws as all types of currencies before it, but with the new “government cryptocurrency” would it be able to solve the problems that fiat currency has and make a better economy? I’m not really sure myself as I can’t really predict the future.
   
Considering that fiat currency replaced all the previous currencies before it, would cryptocurrency replace fiat currency in the future?

Definitely this isn't gonna happen, Government can't adopt cryptocurrency to replace fist currency. The world is getting digital but government will support own currency. Cryptocurrency has some limitations when government can easily digitalize. Especially government can't let this out of control.

[lighpulsar07]

Well no i am not against to cryptocurrencies but it's impossible because the most of the governments are against to cryptocurrencies and also due to the nature of it, the governments are against of it because they can't control it and the reason why governments still don't want it because of their people use it

[jerrison]

Currently, in this day and age, all governments around the world have adopted fiat currencies as a means for its citizens to trade with one another and to trade with other nations around the world. However, would it be possible for in the future for governments around the world to create a cryptocurrency as a means of trade to replace fiat currency?
   
I can see that fiat currency has many flaws as all types of currencies before it, but with the new “government cryptocurrency” would it be able to solve the problems that fiat currency has and make a better economy? I’m not really sure myself as I can’t really predict the future.
   
Considering that fiat currency replaced all the previous currencies before it, would cryptocurrency replace fiat currency in the future?

it is not far fetched, China has taken the lead. They have already gone all-in into the blockchain space and it cannot be overemphasized. Xi has also come up with china developing its own blockchain system that has been said to execute 220 thousand transactions per second. I see 2020 as a year where nations will be actively involved in the technology and also in a competition of whose blockchain technology is leadng. I am jjust folding arms and watching it to unfold.

[Tcode53]

I truly believe in blockchain technology, for crypto to replace fiat it must go through some regulations and control. Many in the cryptocurrency community have spent years predicting that digital currencies will someday take the place of fiat currencies. But mainstream economists tend to view cryptocurrencies with more than a bit of disdain

[rdewilde]

I think this cannot happen because the government might find it hard controlling their money. Fiat is easy to control and used for many activities but not cryptocurrencies. The government like control and don't fail to exercise it anytime they want but thinking of this might be a very difficult tasks. However, it doesn't mean the government can't support crypto related matters as most countries are already doing it such as China, because the technology within blockchain holds a vital role and position in the future; but that aspect of replacing fiat with crypto might not be possible.

[PrivacyBob]

in my opinion governments can and will adopt cryptocurrencies as protocols but not replace fiat currency.
fiat currency has its advantages that we dont consider, read the book Naked Money he talks about it there
fiat money is great, its the people who are not educated enough to use it wisely

[JeffBrad12]

I truly believe in blockchain technology, for crypto to replace fiat it must go through some regulations and control. Many in the cryptocurrency community have spent years predicting that digital currencies will someday take the place of fiat currencies. But mainstream economists tend to view cryptocurrencies with more than a bit of disdain

That's due to the fluctuation that most of cryptocurrency have and could be considered as a disadvanage when it comes to a country economy because such fluctuation is simply a disaster for the economy stability. In my honest opinion though, government should  just stick with their own currency and these crypocurrency should only become an alternative option that everyone has the right and access. By that we as a user could have various option that suits our need.

[Rodeo02]

I truly believe in blockchain technology, for crypto to replace fiat it must go through some regulations and control. Many in the cryptocurrency community have spent years predicting that digital currencies will someday take the place of fiat currencies. But mainstream economists tend to view cryptocurrencies with more than a bit of disdain

That's due to the fluctuation that most of cryptocurrency have and could be considered as a disadvanage when it comes to a country economy because such fluctuation is simply a disaster for the economy stability. In my honest opinion though, government should  just stick with their own currency and these crypocurrency should only become an alternative option that everyone has the right and access. By that we as a user could have various option that suits our need.

to say it better to understand government is possible blockchain technology but to replace its need more debate before it will make. Crypto currency is not stable  and thats the first problem government should be considered before making a decision to adopt it.

[Maslate]

I truly believe in blockchain technology, for crypto to replace fiat it must go through some regulations and control. Many in the cryptocurrency community have spent years predicting that digital currencies will someday take the place of fiat currencies. But mainstream economists tend to view cryptocurrencies with more than a bit of disdain

That's due to the fluctuation that most of cryptocurrency have and could be considered as a disadvanage when it comes to a country economy because such fluctuation is simply a disaster for the economy stability. In my honest opinion though, government should  just stick with their own currency and these crypocurrency should only become an alternative option that everyone has the right and access. By that we as a user could have various option that suits our need.

to say it better to understand government is possible blockchain technology but to replace its need more debate before it will make. Crypto currency is not stable  and thats the first problem government should be considered before making a decision to adopt it.

If cryptocurrencies will be centralized already and that the government will be able to control its price, then maybe by that time they will start adopting crypto. But for now, i don't see any possibilities that crypto will be adopted by the government knowing its price is very unstable and its bound for price change anytime.

[karanggatak]

I think it's possible cryptocurrency will replace fiat money. because if we see today some countries will create their own crypto such as China, Japan, Sweden and Russia. and currently we live in a digital age that strongly supports the use of cryptocurrency. and some of our people have also become accustomed to making payments online. so in my opinion maybe in the future the use of fiat money will decrease and be replaced by cryptocurrency.

[bering]

Fiat currency integrate with government system which is related to the economy situations from particular countries and it has been running for hundreds of years and not easy to replace fiat money to other option such as cryptocurrency and for time being i think why governments adopt cryptocurrency because maybe they want to learn the technology behind it but to be replacement of fiat i think it's hard to realize

[Kersh768]

Currently, in this day and age, all governments around the world have adopted fiat currencies as a means for its citizens to trade with one another and to trade with other nations around the world. However, would it be possible for in the future for governments around the world to create a cryptocurrency as a means of trade to replace fiat currency?
   
I can see that fiat currency has many flaws as all types of currencies before it, but with the new “government cryptocurrency” would it be able to solve the problems that fiat currency has and make a better economy? I’m not really sure myself as I can’t really predict the future.
   
Considering that fiat currency replaced all the previous currencies before it, would cryptocurrency replace fiat currency in the future?

All types of existing currencies have their own flaws. There is no perfect currency that will fit everyone because all have differences that is why there are variations of currency existing worldwide. Added by the fact that each currencies in different countries do serve as their identity when it comes to the world trade and market. This serves to identify the prosperous countries above others which makes them the basis of the worldwide change and movement of the fiat currency we currently have. Though the thought of yours is possible to happen, still it will be a long term process before the world can establish a single crypto to be used by all the countries around the globe for trading.