Replacement?

[Twentyonepaylots]

In conclusion, while cryptocurrencies have certainly gained a lot of momentum and popularity, their future as a replacement for physical money and as the primary medium of exchange in our everyday lives is still uncertain. It will depend on factors like regulatory acceptance, stability, and widespread adoption.

I agree and I think it would really take time before we could see physical money to be fully replaced bycryptocurrencies. Yes, cryptos' are gaining popularity but majority would think of it immediately as something technical and overwhelming. I think people would take time to absorb the technicalities of this. Government also plays a role in this as majority of countries are still hesitant to whether use it as a currency. But is is a good thing that some countries are now legalizing it since it would become a great way for other to see its advantage and disadvantage as well.

[ringgo96]

To replace fiat currency in everyday life may not happen in the near future because there are many things that must be considered by the government to replace fiat currency by using crypto, but this will not be impossible because some countries are already using bitcoin as a legal means of transaction, and I believe other countries are considering crypto currencies as legal tender.

[hannahB4]

It will be used for daily transactions as there is improvement in technology and awareness about crypto,  but won't  be a total replacement. I think it will be used together.

[Silberman]

To replace fiat currency in everyday life may not happen in the near future because there are many things that must be considered by the government to replace fiat currency by using crypto, but this will not be impossible because some countries are already using bitcoin as a legal means of transaction, and I believe other countries are considering crypto currencies as legal tender.

The replacement of fiat currencies by bitcoin seems to be the dream of some market enthusiasts, but it does not seems as a realistic dream or even as something necessary, as long as we could exchange bitcoin for the products and services that we need and the regulation in place at the time does not need that we have to keep track of every single transaction we make to the government that will be enough for me, after all it is not as if every single person out there is ready to become their own banks, and if we forced them I am sure many of them will lose their coins during the first weeks.

[fuer44]

I have been seeing the progress of cryptocurrency these past few years, and I've been thinking, will it definitely be a replacement for physical money and use crypto as a primary transactions in our everyday life?

Doesn't rule out the possibility but certainly not in the near future. the world's economic situation is unstable and in the post-pandemic recovery period, of course the government also doesn't want to take risks by providing crypto as a means of payment because crypto is also volatile and very risky to use for transactions at this time.

[Cantsay]

I have been seeing the progress of cryptocurrency these past few years, and I've been thinking, will it definitely be a replacement for physical money and use crypto as a primary transactions in our everyday life?

Completely replacing fiat? Nope not going to happen, and if eventually happens it's going to take long time.
If you take about been adopted by lots of countries then I'll agre on that but for Bitcoin / crypto to completely replace physical case then I'll have to doubt that.
We have so many difficulty as to why it's going to be extremely difficult to do, because most communities have those that are not even educated and can't even operate an Android phone not to talk about transacting with Bitcoin and crypto. It's going to talk a lot of work for it to become a possibility.

[MoonOfLife]

To replace fiat currency in everyday life may not happen in the near future because there are many things that must be considered by the government to replace fiat currency by using crypto, but this will not be impossible because some countries are already using bitcoin as a legal means of transaction, and I believe other countries are considering crypto currencies as legal tender.

Yes, there are a few countries that use bitcoin as a payment method, but they still use it in tandem with fiat, they have never abandoned fiat completely. Moreover, the countries that accept bitcoin are poor countries on the verge of default, and they see bitcoin as a solution to save their crumbling economy. Developed countries have no intention of using bitcoin to replace fiat, they don't even care about it. Bitcoin is just an alternative, it will never replace fiat money.

[awik p]

To replace fiat currency in everyday life may not happen in the near future because there are many things that must be considered by the government to replace fiat currency by using crypto, but this will not be impossible because some countries are already using bitcoin as a legal means of transaction, and I believe other countries are considering crypto currencies as legal tender.

Yes, there are a few countries that use bitcoin as a payment method, but they still use it in tandem with fiat, they have never abandoned fiat completely. Moreover, the countries that accept bitcoin are poor countries on the verge of default, and they see bitcoin as a solution to save their crumbling economy. Developed countries have no intention of using bitcoin to replace fiat, they don't even care about it. Bitcoin is just an alternative, it will never replace fiat money.

at this time it may still be hard to replace fiat to give bitcoin a chance. although there are countries that use or legalize bitcoin, only countries that have economic problems, we can see that there are no developed countries that have legalized bitcoin, even if only as an alternative. Enjoying bitcoins for money is the main goal nowadays by most of the investors

[Hamza2424]

I have been seeing the progress of cryptocurrency these past few years, and I've been thinking, will it definitely be a replacement for physical money and use crypto as a primary transactions in our everyday life?

The trading system continually evolved with time from the beginning of human history, Paper Currency can be considered the most short-lived payment system which is fastly replaced by digital currency. Cryptocurrency can be a replacement for the payment system but I think currently it's not the time. For now, the traditional banking system is resisting the regulation and regularity of crypto as a payment system. It will cause great destruction in the banking system and it will eliminate their dirty business.

For the major regulation, I think besides Bitcoin other currencies don't even stand a chance and Bitcoin regulation is going to be easy because whenever a particular region support Bitcoin the other directly target the Bitcoin and vice versa so I think it might take this cycle to take things to a neutral level.

[FrozenBit]

In general, there is no consensus on the regulation of accepting cryptocurrencies today with each country, and I see some barriers such as economic limitations and influence from major powers leading to Some economies have no autonomy and they are almost dominated by powerful countries. Every time the US and China release information related to crypto, it affects the level of people's access to this space.
But we should also be happy that things have changed for the better when it comes to this market.

[Oasisman]

I have been seeing the progress of cryptocurrency these past few years, and I've been thinking, will it definitely be a replacement for physical money and use crypto as a primary transactions in our everyday life?

Why would people always thought of replacing the fiat currency or the traditional banking system? I thought everyone understands how difficult for it to happen. Going cashless ain't never easy because there are still a lot of flaws in the system created. Bitcoin has it's own flaws too. We cannot always rely to a single option, like we don't only rely with ATM cards that's why we have checks and passbooks too - so if the system fails, you have options to do it manually.
Bitcoin and fiat will co-exist from now on, nothing is replacing fiat currency, simply because not everyone are too techy to handle online transactions especially that Bitcoin transactions are not reversible. 

[jenny56]

the technology behind cryptocurrency has the potential to revolutionize the financial industry, and we are likely to see further adoption and integration of cryptocurrencies in various industries. It's possible that in the future, we may see a hybrid system where physical money and cryptocurrencies coexist and complement each other, depending on the needs and preferences of individuals and businesses.

[Moeda]

I have been seeing the progress of cryptocurrency these past few years, and I've been thinking, will it definitely be a replacement for physical money and use crypto as a primary transactions in our everyday life?

Crypto is part of the currency that allows it to be used as a transaction tool. Will crypto replace fiat? Maybe not. But crypto will run parallel to fiat.
In general, crypto has an unstable value, this cannot be used by the state as a transaction tool. Second, the principle of transparency which makes it contrary to the interests of the mafia, this limits the mafia's movements in conducting transactions. The interests of the mafia in the form of fiat currency are much higher than the interests of the state.

[virasisog]

I have been seeing the progress of cryptocurrency these past few years, and I've been thinking, will it definitely be a replacement for physical money and use crypto as a primary transaction in our everyday life?

It can be adapted and used as another currency but I don't think it will ever replace fiat.
People are into digital transactions these days as technology innovates but they still prefer using digital money instead of cryptocurrency when it comes to payment and digital purchases.
We all know the huge potential of cryptocurrency to make the economic situation better but people won't choose it over physical money because of its volatility and instability.

[Smack That Ace]

I have been seeing the progress of cryptocurrency these past few years, and I've been thinking, will it definitely be a replacement for physical money and use crypto as a primary transaction in our everyday life?

It can be adapted and used as another currency but I don't think it will ever replace fiat.
People are into digital transactions these days as technology innovates but they still prefer using digital money instead of cryptocurrency when it comes to payment and digital purchases.
We all know the huge potential of cryptocurrency to make the economic situation better but people won't choose it over physical money because of its volatility and instability.

Whether a country's currency is stable and valuable depends on the economic situation of that country. As you say, cryptocurrencies make the economic situation better, they are very volatile and unstable. That means that even if fiat collapses, they will not be able to replace fiat, they are more like an asset, a commodity, than a currency. I also never expected bitcoin or altcoins to become currencies, as long as they are volatile and volatile, it cannot happen. And governments will never accept something they cannot control or was not created by them.

[nimogsm]

This will not happen,crypto will be as an additional payment method or replacement but only in certain stores or service providers.A complete transition in more than one country will not happen,no one will remove the national currency to replace crypto.I don't see 100% acceptance of this method now in more than one country.

[Oceat]

Who knows? I think it might be too early to say something like that but I like if that's going to happen. Although, it's really different when you have a physical money than having a digital one but if you look at it in a different perspective it's just the same since you will still use it to pay. When having a crypto currency you just need your wallet which is your phone or computer and the only physical thing you can touch or bring is your phone as wallet. But it all depends on the government since most of the government are against the use or adaption of Bitcoin.

[Casdinyard]

The possibility of money being digitized as we progress as a species is quite real, but I don't think blue-chip cryptocurrencies like bitcoin and ethereum are the ones that will spearhead this movement. They are as volatile as it can be, and their low supply means they couldn't accommodate to the ever-growing population of people who would one day use money for everyday things. Pretty positive that a digital version of money will be available, or maybe even a usable stable coin that could be used for purchases and not just as a pegged cryptocurrency in exchanges.

[trendcoin]

I have been seeing the progress of cryptocurrency these past few years, and I've been thinking, will it definitely be a replacement for physical money and use crypto as a primary transactions in our everyday life?

In the history of humanity, money has not struggled for existence focused on technology. Conflicts over money and economy have been inflation-oriented problems. In other words, there have been "solid currencies and inflationary means of exploitation" in history. All the crises in history have arisen for this reason, and many empires have been destroyed for this reason. The money we use in our daily life is subject to inflation. On the other hand, Bitcoin is in the solid money category. These two do not replace each other. These two conflict with each other.

[lizarder]

I have been seeing the progress of cryptocurrency these past few years, and I've been thinking, will it definitely be a replacement for physical money and use crypto as a primary transactions in our everyday life?

Impossible to run globally in the near future, regulations in various countries will limit crypto as the main transaction in everyday life. Although though cryptocurrencies have progressed rapidly since their introduction to date.

Anyone cannot go against the regulations made by the state because there are consequences, otherwise you must be prepared to be jailed or subject to sanctions. Logically, we cannot go against the laws that apply in our respective countries of residence and thankfully countries provide access to crypto as a commodity asset that can be traded on exchanges, rather than totally banning it like in some countries in the world.