Cryptocurrency can not replace fiat currency.

[xvids]

Bitcoin and cryptocurrency is not meant to replace fiat, it is invented to be an alternative source of payment that's scarce and decentralize, when the old monetary system gets to regulated and manipulative.
But if people gets to fed up with it, we might see massive migration of users from fiat to cryptocurrency, especially when countries are trying to establish their own cryptocurrency we might see a massive adoption in the future.

I agree it wasn't created to take over or replace Fiat.
And this topic has been around for so long I think it has been around since crypto has been created.
And it has already been more than 11 years now could we accept the fact that it wouldn't replace Fiat and both Fiat and crypto could coexist with each other.
Crypto wouldn't replace it because of its sudden price movement and of course the government wouldn't let it happen.

[Tylev]

This is true as of now since cryptocurrency is not yet fully adapted and is volatile in nature, it doesn't fit to be used as the main currency. Time will tell whether people will still be using fiat as a currency in the near future or whether if crypto will replace or if not will be an alternative to fiat. Technology is emerging fast we don't know what possible things might happen in the future.

This is true for all points. Cryptocurrency can never replace the traditional national money of states. Yes, she is not capable of this and is not intended for this. Now there is a general global trend of partial crowding out fiat by non-cash payment methods. Therefore, cryptocurrency will make its role in this process. However, in general, state cash will still exist for a very long time.

[michellee]

This is true as of now since cryptocurrency is not yet fully adapted and is volatile in nature, it doesn't fit to be used as the main currency. Time will tell whether people will still be using fiat as a currency in the near future or whether if crypto will replace or if not will be an alternative to fiat. Technology is emerging fast we don't know what possible things might happen in the future.

This is true for all points. Cryptocurrency can never replace the traditional national money of states. Yes, she is not capable of this and is not intended for this. Now there is a general global trend of partial crowding out fiat by non-cash payment methods. Therefore, cryptocurrency will make its role in this process. However, in general, state cash will still exist for a very long time.

I guess so. Because people still prefer to use fiat, but they already introduced the non-cash payment method as another option to pay, and I think people now because anxious to try and use that way. Maybe the existence of cryptocurrency is not going to replace fiat currency, but crypto will help fiat to solve the economic problem, especially for the people financial. But we will see what will happen in the future and if somehow, crypto can work together with fiat, that will bring a new solution for every people to make money.

[Gheka]

This is true as of now since cryptocurrency is not yet fully adapted and is volatile in nature, it doesn't fit to be used as the main currency. Time will tell whether people will still be using fiat as a currency in the near future or whether if crypto will replace or if not will be an alternative to fiat. Technology is emerging fast we don't know what possible things might happen in the future.

Well, most cryptocurrencies in the market do not have a stable value, so the chances of becoming a currency in daily transactions are very low, and a few cryptocurrencies still have a stable value but the weakness, more precisely, the point that it does not satisfy the government is that it has anonymity while the government wants to directly manage the movement of currencies in the market. Fiat or traditional currencies have many better points in this regard, especially, everyone in the society knows the usage and the nature, while the knowledge of crypto is still too little.

[ice098]

This is true as of now since cryptocurrency is not yet fully adapted and is volatile in nature, it doesn't fit to be used as the main currency. Time will tell whether people will still be using fiat as a currency in the near future or whether if crypto will replace or if not will be an alternative to fiat. Technology is emerging fast we don't know what possible things might happen in the future.

This is true for all points. Cryptocurrency can never replace the traditional national money of states. Yes, she is not capable of this and is not intended for this. Now there is a general global trend of partial crowding out fiat by non-cash payment methods. Therefore, cryptocurrency will make its role in this process. However, in general, state cash will still exist for a very long time.

I guess so. Because people still prefer to use fiat, but they already introduced the non-cash payment method as another option to pay, and I think people now because anxious to try and use that way. Maybe the existence of cryptocurrency is not going to replace fiat currency, but crypto will help fiat to solve the economic problem, especially for the people financial. But we will see what will happen in the future and if somehow, crypto can work together with fiat, that will bring a new solution for every people to make money.

This cryptocurrency will help people find alternative which can be mote efficient than fiat money. Though it won't exactly replace money, cryptocurrency would make our live more better instead of indulging those taxation. The freedom that we had with crypto is a huge benefit which we can enjoy, because of its decentralize system which is different from physical money.

[metenjean]

Cryptocurrency have been most popular payment and digital currency right now, not only with easy by using cryptocurrency as payment way but could increase higher price and give much profit for every one claim bitcoin is the best payment method.

[Questat]

It's more like saying "decentralized economy cannot replace a centralized economy", which I fully agree.

Let's admit it, Cryptocurrency is good but it will always remain only as a great alternative, nothing more we can expect.

[abuya55]

You are right. Governments won't ever allow it to happen. The only asset which is able to replace fiat money in 5/10/15 years, the nearest future, is digitalized fiat.

[tvplus006]

This is true as of now since cryptocurrency is not yet fully adapted and is volatile in nature, it doesn't fit to be used as the main currency. Time will tell whether people will still be using fiat as a currency in the near future or whether if crypto will replace or if not will be an alternative to fiat. Technology is emerging fast we don't know what possible things might happen in the future.

This is true for all points. Cryptocurrency can never replace the traditional national money of states. Yes, she is not capable of this and is not intended for this. Now there is a general global trend of partial crowding out fiat by non-cash payment methods. Therefore, cryptocurrency will make its role in this process. However, in general, state cash will still exist for a very long time.

If we consider the digital national currency , which most countries are currently working on, it should replace Fiat. This is the main task of the government in order to leave control over its financial system. And if we talk about bitcoin, it still needs a lot of time to be in circulation on a par with Fiat.

[Moshaid]

I strongly agree with you that cryptocurrency cannot replace fiat currency not only because of the current rate of adoption globally but the disadvantages surrounding the blockchain sector. A good example of this is the power supply outrage, some part of the world lacks adequate power supply and there's no way one can make crypto payment without having power on their devices alongside this is network coverage which works with power supply. I believe if improvements can be done in this part it would be a good one for cryptocurrency to overcome fiat although the transaction speed is something to be noted as well, because a store owner won't want to wait for about 2~5 mins before payment is verified whereas fiat payment won't take upto this.

[coinfinger]

It is idiotic to think that technology can't ever replace the banknotes and the ones who say "how are we going to do this without internet connection" are seriously either haven't used credit cards in the past 20 years or they are simply ignorant.

Credit cards require a connection as well, without that machine getting some connection you are not going to be able to use your card neither, however when you look at things I am sure majority of payments are made with cards instead of cash nowadays. This is why I think bitcoin has a huge chance, you don't need too much for bitcoin to be "standard" but even just 5% of all payments are made in bitcoin that would result with bitcoin becoming 100k+ very very easily.

[Blackdeath]

I have seen so many posts about emerging cryptocurrency, and they think that someday it will take over our current system, or it will replace our fiat currency, which is really impossible, yes cryptocurrency is such an excellent currency especially the bitcoin, cryptocurrency keeps on being more prominent and more significant. Still, I think it is not enough to replace the fiat currency. It will be hard for the government to do that.

It will be hard for us if we use our cryptocurrency as our standard currency, the volatile currency will not be useful in real life; only that money is only suitable in real life. Not all individuals are really used in technology, so how could they handle their money if they are not familiar with the technology.

There are still some rural places in this world, so it will be hard for them to adopt the new system if this will be implemented in the future, which I hope won't happen, and even those person in provinces will also get mad if those things happen.

Indeed. There are still countries who can't adopt cryptocurrency because they need a technology and devices for them to make a transaction to pay their taxes, bills and things that they need. But in my own opinion,  it is not about cryptocurrency replacing fiat there arw still chances that cryptocurrency will be accepted by the government and make it as an alternative cryptocurrency that they can still used their crypto for making transactions.

[fiulpro]

I do think Cryptocurrency never meant to replace fiat

Fiat is necessary.
Till the time we are not able to get rid of the poverty , provide people with a full stomach , a mobile in their hand and education . We cannot expect them to start using cryptocurrencies.

Replacing Fiat would be bad for the majority of the society , only half of the population or even less is fortunate enough to know about cryptocurrencies and use them.

Cryptocurrencies and Fiat are best at what they do , but I don't think they plan on replacing each other .

[Twentyonepaylots]

I do think Cryptocurrency never meant to replace fiat

Fiat is necessary.
Till the time we are not able to get rid of the poverty , provide people with a full stomach , a mobile in their hand and education . We cannot expect them to start using cryptocurrencies.

Replacing Fiat would be bad for the majority of the society , only half of the population or even less is fortunate enough to know about cryptocurrencies and use them.

People are trying to hardly compare these two type of currency when in fact, the other, cryptocurrency wasn't purposely made to replace anything but to be an alternative use of fiat in modern and online world. FIAT IS NECESSARY, we cannot use fiat everytime just like buying and trading in the internet and so the cryptocurrency is, you cannot just buy a candy in the lowest satoshi value just because you want to. Both currency are best at what their field of use is but most of time we use fiat because we need to do so.

Cryptocurrencies and Fiat are best at what they do , but I don't think they plan on replacing each other .

Yeah, it was never meant to replace the fiat, people are just too braggy about the cryptocurrency to the exaggerated extent.

[shoreno]

not totally obviously but will depend on an individual  . i knew a good number of people are now only relly on digital payment and they are shopping online  using thier digital money  . instead of travelling and going outside while using fiats

 as soon as these people recognize and started to like cryptos , im sure they will enjoy it and will not comeback on thier old digital payment provider  .  to the people that wants simplicity but still love to try new things , they are prolly using both fiat and crypto at the same time   .

[GideonGono]

I have seen so many posts about emerging cryptocurrency, and they think that someday it will take over our current system, or it will replace our fiat currency, which is really impossible, yes cryptocurrency is such an excellent currency especially the bitcoin, cryptocurrency keeps on being more prominent and more significant. Still, I think it is not enough to replace the fiat currency. It will be hard for the government to do that.

It will be hard for us if we use our cryptocurrency as our standard currency, the volatile currency will not be useful in real life; only that money is only suitable in real life. Not all individuals are really used in technology, so how could they handle their money if they are not familiar with the technology.

There are still some rural places in this world, so it will be hard for them to adopt the new system if this will be implemented in the future, which I hope won't happen, and even those person in provinces will also get mad if those things happen.

This is true but as time goes by the volatility of a particular cryptocurrency goes down as it accumulates a lot of volume as long as they can keep up with the demands of the users. Though even though it happens, I believe that it would not replace fiat because each of them, fiat and cryptocurrency, have its own uses and advantages. Also it is a good thing having a lot of choices in transacting and not be limited to fiat alone.

[Janation]

Cryptocurrency have been most popular payment and digital currency right now, not only with easy by using cryptocurrency as payment way but could increase higher price and give much profit for every one claim bitcoin is the best payment method.

I hope it is really the popular payment, but it is not.

This is the reason why Bitcoin and cryptocurrencies will never replace fiat, its acceptance as a payment. Despite the popularity of Bitcoin, it is not that accepted as a payment for various reasons, one of them is the volatility and its anonymity. Example of it is when Steam accepted Bitcoin.

[wozzek23]

It was definitely created to have like an alternative to world powers if you ask me. Not that it should be replacing fiat but at least have some sort of alternative when the world powers try to grab more and more of the wealth. When you have bitcoin there is no centralized organization that can make you poor. Normally on dollars let's say you manage to get more dollars, they make sure that they print more money for themselves to outpace your gains so you become poorer even when you have more fiat.

In bitcoin it is not like that and that is the power of bitcoin and that is why it is an alternative to regular fiat. It may or may not replace fiat but that is not the whole of it, even if doesn't replace it, as long as it gives us the financial power to ignore the wealthy, that is more than enough.

[michellee]

This cryptocurrency will help people find alternative which can be mote efficient than fiat money. Though it won't exactly replace money, cryptocurrency would make our live more better instead of indulging those taxation. The freedom that we had with crypto is a huge benefit which we can enjoy, because of its decentralize system which is different from physical money.

I am sure about that because as an early people in crypto, we have the opportunity to make money than the other people out there. We have many options for working in many fields in the crypto will allow us to make a lot of money besides in our real life. I think the government will not block the existence of the crypto from the people, but maybe they will regulate the crypto so fiat can keep stay among the people. Of course, we have freedom by using crypto, and we can have a better life if we use crypto because we can manage our money without using another service.

[Magkirap]

Cryptocurrency have been most popular payment and digital currency right now, not only with easy by using cryptocurrency as payment way but could increase higher price and give much profit for every one claim bitcoin is the best payment method.

I hope it is really the popular payment, but it is not.

This is the reason why Bitcoin and cryptocurrencies will never replace fiat, its acceptance as a payment. Despite the popularity of Bitcoin, it is not that accepted as a payment for various reasons, one of them is the volatility and its anonymity. Example of it is when Steam accepted Bitcoin.

Bitcoin is popular because its proven than it is worth our money, that bitcoin will gives us profit if we invest in it but in the fields of payments and usage i agree that it is not a popiular payment, it is popular because of its other capabilities but in payment, i think no. It fluactuates in short amount of time so establishments that no background about crypto will most likely to reject bitcoin as their customer's payment. Fiat has been here for along time and crypto will be only an alternative and fiat will just evolved and go paperless.