What is the difference?

[Eclipse26]

They're kind of the same because both have value and can be used through digital. But they also differ at some point like the use of blockchain technology with cryptocurrency. if ever governments would adopt centralized crypto, I think they'll be more strict and put more regulations with regards to it than digital cash.
Now I'm also getting confused because of the question...

[SummerBliss]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

Digital Cash is somewhat slightly different. First of all it's nothing but merely creating money out of thin air. While cryptocurrencies are generally mined and all of them have a proof of work. This is a requisite of being a cryptocurrency. Moreover there is transparency and anonymity involved in transactions of digital cash. Anyone from any corner of the world can see what transactions are going on in cryptocurrencies just through the explorer but at the same time no one can actually tell who is sending money to whom. So transparency and anonymity are both going hand in hand. It's not merely decentralization that makes a cryptocurrency different.

[coin-investor]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

There should be a model first, a government that actually use Cryptocurrency to replace fiat, but so far we still don't have one, all are just in a planning stage, but if there's one country that successfully implemented this and all the people and it's government benefited, then we will see some countries following the model and how they are implementing it, China now has the best opportunity to do that.

[jacafbiz]

I think what Cryptocurrencies bring with it is transparencies unlike the digital cash. When a Government decide to print money out of thin air, then you will see it on the chain, it is just like someone trying to mine more BTC after the 21 million is now in circulation. Government don't want to lose control so they are not going to go the route of Cryptocurrencies

[nutriagrigia]

for me, it doesn’t matter at all whether the government will accept cryptocurrency or not. I understand that even if this does not happen, cryptocurrency will still be a very powerful tool in the future world. just without the adoption of cryptocurrency at the state level, the price increase will take a little longer, but it will be anyway

[jajorforce]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

You don't need to find different because will not create any cryptocurrency and force people to use it. Government wants to see every transaction and every funds they hold in their wallet. We just want privacy from any person that isn't possible in centralize crypto or digital cash.

[uneng]

Thanks for your replies. By reading your posts I see the pointed differences are:

Transparency (transactions historic)
Anonymity
Autonomy (full control of the money on each person's hands, and not at banks)
Economic sustainability (as there will be a fixed amount of coins in the system, not possible to create money out of thin air)

But remember we are talking about a centralized crypto currency. Being centralized, the government is the one who set the rules. It's not certain it will guarantee transparency, anonymity, autonomy and economic sustainability as the government can modify all these concepts as they are the developers.

There should be a model first, a government that actually use Cryptocurrency to replace fiat, but so far we still don't have one, all are just in a planning stage, but if there's one country that successfully implemented this and all the people and it's government benefited, then we will see some countries following the model and how they are implementing it, China now has the best opportunity to do that.

Yes, there should be a model so we could see how it works on practice.
Maybe facebook currency, libra, will be a good first example to see how a centralized crypto currency works.
It's going to be launched next year.

[bohr]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

There are going to be some differences but none of them are good for us, a cryptocurrency released by a government basically means that you have the combined power of a government and a bank on a single entity, and that should be very scary, they could basically do everything that they want with their money and in the case that you do something that they do not like they could block your wallet from making any transactions, so I will never use a cryptocurrency released by any government.

[Amel]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

Crypto currencies work under blockchain technology while digital currencies (not crypto) do not work with blockchain technology. The important point is the technology and the system, as we know that blockchain is the leading technology now, even many countries want to adopt this technology in various aspects and fields.
So in my opinion that's the difference, you can dig deeper on google about the blockchain.

[TheGreatPython]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

You already said it yourself that the government would prefer to create a Centralized cryptocurrency, so there is no need to ask why they don't want to use the current cryptocurrencies we have now, that's because they are decentralized and are not fit to be used as real currencies for any country. Governments are already looking into cryptocurrency and a lot of them have started creating their own cryptocurrency just like China. There are also banks that have created a prototype cryptocurrency.

As for digital currencies, There is a difference between cryptocurrency and digital cash (it's called digital currency and not cash) and I will advise you to do some research to understand it better.

[livingfree]

They don't have to do that. They might create the same idea as crypto so that people will not look into other crypto's anymore and will start using the invention that they have.

Yes, it's true that there's already a digital cash and it's been existing for so many years in the form of credit cards and other of the same type. Crypto's are decentralized and this doesn't understand by a typical citizen that's why if the gov't intervenes and gets into this idea of creating their own. They have just to attract people to use it without even forcing it.

[letyouearn]

Ordinary digital currency is not the same as cryptocurrency. Crypto is based on blockchain, that's the main feature here. Blockchain is a new technology, which leads to many new possibilities if we talk about currency.

[sapnu]

Ordinary digital currency is not the same as cryptocurrency. Crypto is based on blockchain, that's the main feature here. Blockchain is a new technology, which leads to many new possibilities if we talk about currency.

The difference between fiat and cryptocurrency is big because we can say that cryptocurrency is way more easier than fiat in many terms especially in payment method, we can say that it is way faster and safer than making transaction with fiat because we can say that you only need is the address of that particular shop or person. We can say that the only difference is that the blockchain technology the famous and the efficient and effective they are the more user they get and also support. Because it is their mainstream when they are proposing a project.

[tenakha]

for me, it doesn’t matter at all whether the government will accept cryptocurrency or not. I understand that even if this does not happen, cryptocurrency will still be a very powerful tool in the future world. just without the adoption of cryptocurrency at the state level, the price increase will take a little longer, but it will be anyway

I do not think so. The acceptance of crypto as a illegal by all governments can diminish its power a lot. Look around, the majority is not here because cryptocurrency is the new technology, but here to make easier money.

But, the positive side of this is that if governments have not banned it so far, then they are all aware about power of it.

Ordinary digital currency is not the same as cryptocurrency. Crypto is based on blockchain, that's the main feature here. Blockchain is a new technology, which leads to many new possibilities if we talk about currency.

AFAIK, digital money is broader meaning, so cryptocurrency is like a branch separated from it. Building on a blockchain makes it different, and that means more power and confidence.

[metalglowd]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

I also think that way, maybe because they still cannot give up their rights as a whole if they implement a decentralized system, it is feared that there are certain parties who actually are behind it in secret. of course the government also does not want public data to be known by the public. Till now, no system can be fully trusted to store our data.

[Dart18]

Digital cash is fiat money input online or in a different type of plastic card or maybe a code.
Too far from what crypto currency is right?
When compared with bitcoin it goes even far while with other coins it looks the same.
They have been creating new coins that is almost the same as digital cash and that is why I think you are getting confused about the difference.

[Zemomtum]

There are lot of differences between digital cash and cryptocurrency. One will be central controlled with limited access while crypto related is open to public, transparent and secure

[Lecam]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

If the governments are adopt bitcoin many people can't use bitcoin because there is a lot of people that don't know how to use cellphone or a computer and many are in poor area that have no internet connection. So government can not Force all people to use cryptocurrency. And the different i think cryptocurrency have transaction and no identity you can send it all wallet as you can. But in digital have also transaction but we cannot send at a time.

[bittick]

for me, it doesn’t matter at all whether the government will accept cryptocurrency or not. I understand that even if this does not happen, cryptocurrency will still be a very powerful tool in the future world. just without the adoption of cryptocurrency at the state level, the price increase will take a little longer, but it will be anyway

im not sure if that will happen without the support from the government and regulators. we know that the regulators become the main factor for the adoption of crypto in every countries. look at canagian countries and the adoption is very smooth compared with the countries are banning crypto right now.

[maxreish]

It is still an issue for some government to actually fully allow cryptocurrency. It's not easy and other government thought that cryptocurrency will be a threat to their own currency.

On the other hand, Digital cash vs centralized cryptocurrency were both transacted onlines but still have difference. Cryptocurrency has an encrytion data like transactions and work out in blockchain. If you want to read further how those two were different from each other, you may want to read an explanation about it, here.