Cryptocurrency will not replace fiat currency

[Republikcoin.com]

the purpose of the formation of cryptocurrency is likely to make transactions faster, but due to high fluctuations, it has turned into a place of investment, even today. Well, maybe 100% of crypto users, 80% of users use the crypto function as an investment, and only a few use it as a transaction tool. this happened when the government banned the use of crypto as a transaction tool. but, I think, the developments that occur will make crypto centralized and this can replace fiat positions. however, little by little, countries began to develop their coins with this system. if there is a chance that crypto will replace fiat, it will start from a country that supports cryptocurrency.

[zarintasnim]

It is very difficult to say that cryptocurrency will not replace fiat currency. Because now days so many country accept cryptocurrency so many field. And they use it payment and received system.No body can say what happen in future.

[GREENch]

Country are actively moving to eliminate cash payments. The first stage was debit / credit cards. I think that the second stage will be centralized cryptocurrencies that are under their full control

[Bezobraznike]

Country are actively moving to eliminate cash payments. The first stage was debit / credit cards. I think that the second stage will be centralized cryptocurrencies that are under their full control

   People will have the final word about this. We will be able to choose centralized crypto-currency, or decentralized. I believe in a free future
where we will be able to make a decision and have a freedom of choice.
   I believe that crypto-currencies are the future. We still learn about decentralized system, it will take years for people to understand what is
better for us and our future, but that will happen one day, in 10 or 50 years!

[GREENch]

Country are actively moving to eliminate cash payments. The first stage was debit / credit cards. I think that the second stage will be centralized cryptocurrencies that are under their full control

   People will have the final word about this. We will be able to choose centralized crypto-currency, or decentralized. I believe in a free future
where we will be able to make a decision and have a freedom of choice.
   I believe that crypto-currencies are the future. We still learn about decentralized system, it will take years for people to understand what is
better for us and our future, but that will happen one day, in 10 or 50 years!

I am glad that you believe in a "bright future", optimism in the current realities is a necessary thing. But no one will allow us to make independent decisions: «If voting made any difference they wouldn't let us do it. - Mark Twain»

[canovan25]

Look at what happening around. The first cryptocurrency bitcoin was invented to reduce the hassle of third party and have borderless transaction. Isn't it true? Now, look at what happening. People are more into investing it than using it as currency.
Most interesting is people are most interested in coin which give more ROI, they are not interested in the currency-ish of a currency.
For example, some people are talking a lot about BSV, but if they have some research, they will never take it as currency, but as this is giving a good return now, it's best for them. Why man? Why don't we look into a decentralized coin? Why do we only take it as investment? Did Satoshi ever take it as investment? Or he invented Bitcoin for borderless payment and solution to the intermediaries problem?

This is a very good question.
The fact is that bitcoin is not regulated by states and state organizations like SEC, so whales use bitcoin and cryptocurrency for the pump & dump scheme, simultaneously attracting new capital of trustful investors, buying up bitcoin for 3 thousand and selling for 10-20 thousand. Without government regulation, we will have very high volatility, and in this case only crypto enthusiasts and risky guys will accept bitcoin as payment. Remember the dollar that we are happy to accept in payment in any country. I believe that bitcoin should grow the ecosystem and reduce the turnover of each coin per year by a factor of ten (both on the blockchain and in trading), so that people can stop seeing only the opportunity to make a profit in it. Otherwise, in 50 years we will see a great price, but the exact same volatility and desire to speculate with crypto traders.

[Indymoney]

I agree that fiat will stay but in my opinion crypto currencies will dominate because it is the revolutionary tech and do not forget that it is all in one package when it comes to payments, global transfers, as an asset or investment plus all the financial services it brings and icing on the cake is the deflationary nature which makes it much much superior than fiat because fiat is designed to drop in value over time.

Crypto could be leader in many countries and could be in pool position but fiat still exist because its need on many ways in developed countries we have already too much use of debti/credit cards and as few countries also working on centralized cryptocurrency so this is going to happen but fiat will still on cards as its not going any where.

[swivel1983@gmail.com]

Of course, this is not what Satoshi wanted for bitcoin. But maybe things will change soon. When crypto ceases to be so volatile it can be used as a currency. I believe that this will happen over time.

[canovan25]

Of course, this is not what Satoshi wanted for bitcoin. But maybe things will change soon. When crypto ceases to be so volatile it can be used as a currency. I believe that this will happen over time.

That will never happen. Nothing happens in an abrupt manner. Everything changes in small steps, and thus it is impossible to change one’s position to the opposite. Or, for this, it is necessary to lay just the titanic efforts of large teams of marketers, economists and politicians and a lot of time.

[kawetsriyanto]

Crypto could be leader in many countries and could be in pool position but fiat still exist because its need on many ways ~~

What is the reason you can conclude this one? Do you mean that crypto will be the main payment tool, while fiat is the alternative one? Honestly, I like your statement as a crypto user, but it seems hard to happen. In my opinion, the national currency must be always as the first option for payment tools in every country. So, it means crypto is just an alternative one.

[MWesterweele]

I agree that fiat will stay but in my opinion crypto currencies will dominate because it is the revolutionary tech and do not forget that it is all in one package when it comes to payments, global transfers, as an asset or investment plus all the financial services it brings and icing on the cake is the deflationary nature which makes it much much superior than fiat because fiat is designed to drop in value over time.

Crypto could be leader in many countries and could be in pool position but fiat still exist because its need on many ways in developed countries we have already too much use of debti/credit cards and as few countries also working on centralized cryptocurrency so this is going to happen but fiat will still on cards as its not going any where.

For me fiat money still exist because it is our identity of our country while crypto will become popular and known but it can replace fiat. The reason why it cant be used as fiat because it is unstable and no fix value, not working especially in our daily lives but the good thing about crypto is can give us extra income, can used sending money. Maybe after many years of being recognize, there is possibility crypto will be used as fiat because we are now around of technology.

[Mianae]

No it won't. There will always be a great number of people without access to cryptocurrency in the world. Not only this, not every country will adopt cryptocurrency as their legal tender so fiat currency will always stay relevant in the world.

[Indymoney]

Crypto could be leader in many countries and could be in pool position but fiat still exist because its need on many ways ~~

What is the reason you can conclude this one? Do you mean that crypto will be the main payment tool, while fiat is the alternative one? Honestly, I like your statement as a crypto user, but it seems hard to happen. In my opinion, the national currency must be always as the first option for payment tools in every country. So, it means crypto is just an alternative one.

In developed countries peoples are already using debit/credit cards for most of stuff and now we are watching many countries working on bringing own cryptocurrencies so this can change things for fiat even its national they will connected through blockchain so this will more useable instead of fiat but in developing countries its need more then half century.

[dongosquad]

For me fiat money still exist because it is our identity of our country while crypto will become popular and known but it can replace fiat. The reason why it cant be used as fiat because it is unstable and no fix value, not working especially in our daily lives but the good thing about crypto is can give us extra income, can used sending money. Maybe after many years of being recognize, there is possibility crypto will be used as fiat because we are now around of technology.

You are right, the currency prevailing in a country (fiat) is a form of economic independence of a country and becomes a unique identity, so it is difficult to replace. The most likely possibility is that cryptocurrency becomes the most effective payment alternative to overcome limitations that cannot be reached by fiat. We must accept technological advances in finance wisely and we must understand the relevant state regulations.

[antsam]

They didn't wanna recognize bitcoin as a replacement to the fiat but those countries can recognize bitcoin as a digital commodity that can be called as digital gold. Many sellers have accepted bitcoin caused by they were seeing so many potentials on bitcoin. It's slowly but surely bitcoin will be accepted as the next payment system.

The recognition of Bitcoin as a commodity in many countries has become good and positive news for Bitcoin. Because trading becomes official and opens opportunities to step into payment tools even though it is very heavy in my opinion, because the speed of Bitcoin transactions is very inefficient in my opinion.

[monineklutak]

They didn't wanna recognize bitcoin as a replacement to the fiat but those countries can recognize bitcoin as a digital commodity that can be called as digital gold. Many sellers have accepted bitcoin caused by they were seeing so many potentials on bitcoin. It's slowly but surely bitcoin will be accepted as the next payment system.

The recognition of Bitcoin as a commodity in many countries has become good and positive news for Bitcoin. Because trading becomes official and opens opportunities to step into payment tools even though it is very heavy in my opinion, because the speed of Bitcoin transactions is very inefficient in my opinion.

True it is very good for the continuity of Bitcoin, if it has become a commodity then Bitcoin does already have an important meaning for the world, buying Bitcoin will be better now, and hold up to 1-2 years ahead

[gaston castano]

yes I think so too even though some people say that crypto will be a means of payment in the future, but it seems to be inversely proportional to the fact people prefer to use crypto as an investment rather than as a daily payment.so fiat money won't really disappear.

[bison]

yes I think so too even though some people say that crypto will be a means of payment in the future, but it seems to be inversely proportional to the fact people prefer to use crypto as an investment rather than as a daily payment.so fiat money won't really disappear.

all are not balanced with the implementation of the use of crypto on the real market. like how many shops accept crypto? when fiat is still the favorite of payment instruments that are easy to use, the chances of crypto to become a payment instrument will be very small. but when the products of the crypto project run on the market with real products, and many know and use them. I think there is still a chance. need trials such as creating a village with crypto money for all transactions and eliminating fiat in the village. there must be a trial I guess.

[Pecunia non olet]

You know how we called it? It is a speculation phase, it is pretty new technology, we have to slowly test it and adopt it. Of course that for now it is not the best solution for international payment, but you forget about decentralization, that is the most important thing! No more restrictions by banks and governments!

[miklesm]

Governments are currently not ready to accept cryptocurrency as a main payment method, but crypto becomes more and more popular around the world. You can now buy many things with crypto, so it is the matter of time when everyone will be using cryptocurrency.