follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Can cryptocurrency do away with fiat?  (Read 10509 times)

Offline TROXIE

  • Jr. Member
  • *
  • Activity: 51
  • points:
    2607
  • Karma: 3
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: April 30, 2021, 04:21:45 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    10 Posts First Post Third year Anniversary
Can cryptocurrency do away with fiat?
« on: February 27, 2021, 11:06:28 AM »
Cryptocurrency is a digital currency which is designed & expected to be operated, spent digitally, presently we have USD as the major value of it's distribution, most of us could transact daily after converting or cashing it out in our individual country's currency. USD is a fiat currency value.If crypto currency should mint out their own coin or not,it has possessed a fiat value, Do you think crypto can actually do away with fiat totally?

Altcoins Talks - Cryptocurrency Forum

Can cryptocurrency do away with fiat?
« on: February 27, 2021, 11:06:28 AM »

For Monthly biddings Check Here


Offline Andruha1993

  • Legendary
  • *
  • Activity: 1303
  • points:
    23187
  • Karma: 22
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 27, 2021, 09:45:27 PM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Can cryptocurrency do away with fiat?
« Reply #1 on: February 27, 2021, 11:13:23 AM »
I believe that cryptocurrency can easily replace fiat, because everything is already moving towards this, it just takes a lot of time for some states and certain people
█████▄
██▀   ▀██
██     ██
▀██▄ ▄██▀
▄████▄   ▀███▀   ▄████▄
▄██▀  ▀██▄▄████▄▄██▀  ▀██
██       ███   ███       ██
██▄  ▄██▀▀████▀▀██▄  ▄██▀
▀████▀   ▄███▄   ▀████▀
▄██▀ ▀██▄
██     ██
██▄   ▄██
▀█████
          ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄    ▄▄
Prasaga
                                                    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄
████████████████▄
██████████████████▄
████████████████████▄
█████████████████████
█████████████████████
█████████████████████
█████████████████████
█████████████████████
█████████████████████
█████████████████████
█████████████████████
█████████████████████
█████████████████████
WHITEPAPER     
TECH WP
COMMERCIAL WP
►►  Powered by
BOUNTY
DETECTIVE

Offline Jaephoenix

  • Legendary
  • *
  • Activity: 2544
  • points:
    93744
  • Karma: 56
  • Trade Count: (0)
  • Referrals: 4
  • Last Active: Today at 02:30:41 PM
    • View Profile

  • Total Badges: 24
    Badges: (View All)
    Sixth year Anniversary Fifth year Anniversary Fourth year Anniversary
Re: Can cryptocurrency do away with fiat?
« Reply #2 on: February 27, 2021, 11:54:17 AM »
I think the cryptocurrency world can do without fiat currencies. The problem is we the users cannot do without fiat, because that's what we utilize for our day to day transactions

Offline youdacapt

  • Sr. Member
  • *
  • *
  • Activity: 407
  • points:
    3860
  • Karma: 2
  • Help someone today, doesnt matter if you know them
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: January 19, 2024, 10:11:57 PM
    • View Profile

  • Total Badges: 12
    Badges: (View All)
    10 Posts First Post Third year Anniversary
Re: Can cryptocurrency do away with fiat?
« Reply #3 on: February 27, 2021, 12:31:33 PM »
Cryptocurrency is a digital currency which is designed & expected to be operated, spent digitally, presently we have USD as the major value of it's distribution, most of us could transact daily after converting or cashing it out in our individual country's currency. USD is a fiat currency value.If crypto currency should mint out their own coin or not,it has possessed a fiat value, Do you think crypto can actually do away with fiat totally?

Crypto currency and fiat cannot do without one another; and for a very long time; will continue to co exist and fulfil their seperate roles in the world economies. Crypto is needed to sell fiat; fiat is needed to buy crypto currency. Crypto helps with easy and cheap cross border transfers; fiat helps facilitate payment locally and internationally.

Offline trauchot

  • Legendary
  • *
  • Activity: 3491
  • points:
    50924
  • Karma: 75
  • EGO - TOKEN IS WORTH YOUR ATTENTION.
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 10, 2023, 01:09:00 PM
    • View Profile

  • Total Badges: 26
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Can cryptocurrency do away with fiat?
« Reply #4 on: February 27, 2021, 01:07:24 PM »
Perhaps in the future, cryptocurrencies will completely replace fiat, but at the moment there are still too many problems in the cryptocurrency sphere and the whole world is not ready to switch to cryptocurrencies, so it will take some time for all mankind and technologies to be able to switch to cryptocurrencies, and of course it won't be soon.
▄▄▄███████▄▄▄
▄▄███▀▀▀     ▀▀▀███▄▄
▄██▀▀  ▄▄▄█████▄▄▄  ▀▀██▄
██▀  ▄████▀▀   ▀▀████▄  ▀██
██▀  ▄██▀           ▀███  ▀██
████████████████            ███
███  ███                    ███
█████████████████████████▀  ███
██▄  ▀██▄           ▄██▀  ▄██
██▄  ▀████▄▄   ▄▄████▀  ▄██
▀██▄▄  ▀▀▀█████▀▀▀  ▄▄██▀
▀▀███▄▄▄     ▄▄▄███▀▀
▀▀▀███████▀▀▀
EGO    ██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
.
.TOKEN IS WORTH YOUR ATTENTION.







██
██
██
██
██
██



██
██
██
██
██
██
██
██
██
██
██████
██
██
██
██
██
██
██
██
██
██
██
██████
.
.
██████
██
██
██
██
██
██
██
██
██
██
██
██████
███████████████████████████████
███████████████████████████████
████▄          ▀██▀▀▀██████████
████████▀▀▀     ▐██▄▄▄█████████
█████████▄▄▄▄    ██████████████
███████████▄    ▐█████████████
███████████████████████████████
███████████████████████████████
███████████████████████████████
███████████████████████████████
███████████▄█▄███████▄█████████
███████████████████████████████
███████████████████████████████
.
.      BUY EGO      .

Offline atjiat

  • Sr. Member
  • *
  • *
  • Activity: 376
  • points:
    9183
  • Karma: 35
  • Your Data Belongs To You
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: January 02, 2024, 08:19:32 PM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    Third year Anniversary Second year Anniversary 10 Posts
Re: Can cryptocurrency do away with fiat?
« Reply #5 on: February 27, 2021, 01:47:35 PM »
Perhaps in the future, cryptocurrencies will completely replace fiat, but at the moment there are still too many problems in the cryptocurrency sphere and the whole world is not ready to switch to cryptocurrencies, so it will take some time for all mankind and technologies to be able to switch to cryptocurrencies, and of course it won't be soon.
Under the existing government arrangement, people will not be able to switch completely to cryptocurrency without the appropriate government influence. Even today we would gladly give up taxes, but no one will be able to allow us to do this.

Offline Mas Bro

  • Sr. Member
  • *
  • *
  • Activity: 394
  • points:
    10844
  • Karma: 14
  • FRX: Ferocious Alpha
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: November 10, 2021, 05:02:43 PM
    • View Profile

  • Total Badges: 13
    Badges: (View All)
    10 Posts First Post Third year Anniversary
Re: Can cryptocurrency do away with fiat?
« Reply #6 on: February 27, 2021, 01:59:57 PM »
All of that is difficult to happen because crypto currency and fiat have their own functions. Crypro currency is a digital asset whereas fiat is a legal means of payment and exchange in the real world. Crypto currency and fiat will always coexist and need each other, because without fiat crypto currency cannot be bought, and vice versa crypto currency is sold to generate fiat.
                    ▄█▄

                  ▄█████

             ▀██▄▀▀▀▀██ 

            █████▀▀▄███

        ▄██ ██▀▀▄██▀▄█████

      ▄███ ██▌▄▄████▀ █████

     ▀███ ███▌█████▀ █████

       ████▌█████ █████

     ▄▄ █████▌████▀▄▄▀▀█

   ▄████▄▀███▌▐███ ████

 ▄█████▀▀▀ ███▐██ █████

▀▀▀▀        ▀█▐█ ▄████▀

             ▄█▀▀
FRX
█████████████

█████████

████████████████

██████████

█████████

██████████████

████████████

█████████

████████

██████████

█████████████

█████████

██████████████
DeFi Hedge

Fund Token
████

██

██

██

██

██

██

██

██

██

██

██

████
























Seed Round























+80%BONUS
████

██

██

██

██

██

██

██

██

██

██

██

████
WHITEPAPER

TWITTER

TELEGRAM
█████████████

█████████

████████████████

██████████

█████████

██████████████

████████████

█████████

████████

██████████

█████████████

█████████

██████████████

Altcoins Talks - Cryptocurrency Forum

Re: Can cryptocurrency do away with fiat?
« Reply #6 on: February 27, 2021, 01:59:57 PM »


Offline Ferki

  • Legendary
  • *
  • *
  • *
  • *
  • Activity: 3502
  • points:
    88545
  • Karma: 478
  • Observer only
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: March 01, 2024, 03:32:42 PM
    • View Profile

  • Total Badges: 29
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Can cryptocurrency do away with fiat?
« Reply #7 on: February 27, 2021, 02:44:05 PM »
At some point, fiat money as we know it will be abolished.
The governments will not just let the current cryptocurrency dominate,  they will create their own cryptos to do the job.
Regulations and taxes are required by governments before making their own cryptocurrency. And that will be something like stable coins.
But first they have to buy my bitcoins  8)

Offline Fivestar4everMVP

  • Legendary
  • *
  • *
  • Activity: 2000
  • points:
    10615
  • Karma: 76
  • Your Bitcoin Mixer
  • Trade Count: (0)
  • Referrals: 3
  • Last Active: March 27, 2024, 07:47:34 PM
    • View Profile

  • Total Badges: 23
    Badges: (View All)
    Quick Poster Poll Starter Karma Bad
Re: Can cryptocurrency do away with fiat?
« Reply #8 on: February 27, 2021, 04:27:07 PM »
Plainly answered... Yes, crypto currencies can actually do away with fiat but you know, due to bad and corrupt government we have almost in all the major countries of the world today, it's gonna be difficult, we should all know that for crypto currencies to successfully do away with fiat, it has to become our major currency for buying and selling both offline and online, we have to be able to spend it in the real world for goods and services just like fiat is being spent, but I also figure that another problem we are actually going to have is those in the rural areas that don't have any means of connecting to the internet, even if given a smart phone, don't know how to operate it cus they are not learned, this is why am of the opinion that before crypto can take over from fiat, this generation will must have been wiped off from the face of the earth.
             ▄▄█████████▄▄
    ▄█████▄█████████████████▄
  ▄███████████████████████████▄
 ████████████████▄▀▀███████████
▄███████████████████ ▀█████████
█████████████▀▀      ▐█████
████████████        ▄██████
▀███████████▌     ██████████▀
 █████
███████      ▀▀▀█████▀  █
  ███████████▄         ▀▀▀ ▄▄█
   ▀████████████▄▄▄   ▄▄▄███▀
     ▀▀██████████████████▀▀
         ▀▀▀████████▀▀▀
.
UniJoin.io Bitcoin Mixer
.|
▄▄██████▄▄
▄██████▀██████▄
▄███▀▀▀░░░▀▀▀███▄
▄███░░░▄███▄░░░███▄
████░░████▀▄█░░████
████░░█▄▀▄███░░████
▀████░░▀███▀░░████▀
▀████▄░░░░░▄████▀
▀█████▄▄▄█████▀
▀▀█████▀▀
NO LOGS
▄▄██████▄▄
▄█████▀▀▀█████▄
▄████▌░▄▄▄░▐████▄
▄█████░▀░░░█░█████▄
██████▌░░█▀░▐██████
███████▄░▄░▄███████
▀████▀░░░░░░░▀████▀
▀██▌░░░░░░░░░▐██▀
▀██▄▄█▄▄▄█▄▄██▀
▀▀█████▀▀
NO SIGN-UP
|████████████████████████
█████████████▀▄▀████████
████████████▀▄█████████
██████████▀▌▄██████████
██████████▌███████████
█████████▀▄███▀█████████
██████▀▄▄██████▀███████
█████▀▄█▀▄████████████
██████▀▄█▌▐████▐█████
█████▌▐█▀▌▐█████▐█████
██████████████▄██████
███████▄▄██████▄████████
████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
████████████████████████████████████████████████████████████████████
.
MIX ՈOW.
████████████████████████████████████████████████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██
██████

Offline Paglamon

  • Possible Cheater
  • Legendary
  • *
  • Activity: 1551
  • points:
    9093
  • Karma: -12
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 02, 2024, 07:11:37 AM
    • View Profile

  • Total Badges: 25
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Can cryptocurrency do away with fiat?
« Reply #9 on: February 27, 2021, 04:42:18 PM »
Cryptocurrency is important for digital transactions. Cryptocurrencies are transacted through virtual. Which is very easy to distribute, more dollars to each user. But who will never replace cash. There will be cash transactions and cryptocurrency transactions will increase as well. However, the cryptocurrency contains some Fiat values. However, the new cryptocurrency will never replace Fiat.

Offline Anonylz

  • Hero Member
  • *
  • *
  • Activity: 1115
  • points:
    16894
  • Karma: 27
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: December 06, 2023, 04:48:42 PM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    Second year Anniversary Search 10 Posts
Re: Can cryptocurrency do away with fiat?
« Reply #10 on: February 27, 2021, 05:02:04 PM »
I think the cryptocurrency world can do without fiat currencies. The problem is we the users cannot do without fiat, because that's what we utilize for our day to day transactions
Exactly, this is going to be a long way from now because there are still a lot of people around the world that we do our daily transactions with that are still not into crypto yet even though some of us don't mind this argument and even the big organisations, how many of them are really into taking crypto as a means of payment for now? Let us not even talk about the Government  :(

Offline Freemind

  • Moderator
  • Mythical
  • *
  • *
  • *
  • *
  • *
  • *
  • Activity: 9317
  • points:
    336743
  • Karma: 620
  • Mixero: Privacy by XMR (Monero) bridge
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: Today at 05:43:06 PM
    • View Profile

  • Total Badges: 25
    Badges: (View All)
    Third year Anniversary Second year Anniversary 10 Posts
Re: Can cryptocurrency do away with fiat?
« Reply #11 on: February 27, 2021, 05:07:43 PM »
Over the years, governments will create their own digital currencies (there are already several countries doing it) and then the FIAT will disappear. But make no mistake, for that you have to "educate" the population that knows nothing about technology, the Internet or smartphones, so doing something like this will still take decades, after all those years, the FIAT will cease to exist and absolutely all money will be digital.
░░░░░░░░░░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░░░░░░░░░░░░░░░█████████████
░░░░░░█████████░░█████████████
░░░░░░█████████
░░░░░░█████████
░░░░░░█████████░░░░█████████
░░░░░░░░░░░░░░░░░░░█████████
████░░░░░░░░░░░░░░█████████
████░░░░░░░░░░░░░░█████████
██████████████████████████████
█████████▀▀███▀▀░░▀▀▀█████████
███████▀░░█▀░░░░▄▄▄▄▄▄▄███████
██████░░░██░░▄█▀▀░░░░░▀▀██████
█████░░░░█░░███████▄▄▄░░░▀████
███░██░░░█▄████████▄░▀█▄░░░███
███░░██░░░███████████░░▀█▄░███
████░░▀██▄▄████████░██░░░█▄███
█████░░░░░▀▀▀▀▀▀██░░██░░░█████
███████▄▄▄▄▄▄▄█▀░░░▄█░░░██████
████████▀▀▀▀░░░░░░██░░▄███████
██████████▄▄▄▄▄████▄██████████
██████████████████████████████
██████████████████████████████████████████████████████████████████████████████████
.
MIXERO.IO
.
██████████████████████████████████████████████████████████████████████████████████
████
██
██
██
██
██
██
██
██
██
██
██
████
..
..
..
..
..
..
..
..
██████████████████████████████
███████▀▀██░▀█████████████████
████████░░█░█▀▀░██████████████
████████░░▀░░░▄███████████████
██████▀░░░░░░░░░▀██████░▀█████
████▀░░░░░░░░░░░░░██▀▀█▄░░████
████░░░░░░░░░░░▄████▄░▀██░░███
████░░░░░░░░░▄██▀░▄██░░██░░███
█████░░░░░░▄██▀████▀░░██░░████
███████▄▄▄████▄░░░░▄██▀░░█████
███████████░░▀▀▀██▀▀▀░░▄██████
██████████████▄▄▄▄▄▄██████████
██████████████████████████████
..
..
..
..
████
██
██
██
██
██
██
██
██
██
██
██
████
██████████████████████████████████████████████████████████████████████
.
MIX.NOW
.
██████████████████████████████████████████████████████████████████████
████
██
██
██
██
██
██
██
██
██
██
██
████
█████████████
█████████████
░░░░░░░░░██████
█████████████░░░░██░░░██████
█████████████░░░░░░░░░██████
█████████████
█████████████░░█████████
░░░░░░░░░░░░░░░█████████
░░░░░░░░░░░░░░░█████████
░░█████████░░░░█████████
░░█████████
░░█████████░░░██░░░░░░░░░░████
░░█████████░░░░░░░░░░░░░░░████

Offline GREENch85

  • Legendary
  • *
  • Activity: 1660
  • points:
    27014
  • Karma: 286
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: November 10, 2021, 12:17:59 PM
    • View Profile

  • Total Badges: 25
    Badges: (View All)
    10 Posts First Post Sixth year Anniversary
Re: Can cryptocurrency do away with fiat?
« Reply #12 on: February 27, 2021, 05:09:04 PM »
First of all, there should be purchasing power, and while there is no such thing, it is premature to start talking about moving away from fiat money. After all, at the moment, the number of organizations that accept cryptocurrency as a means of payment is negligible.

Offline Stuart

  • Hero Member
  • *
  • Activity: 1161
  • points:
    11855
  • Karma: 22
  • FRX: Ferocious Alpha
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: March 02, 2023, 08:45:36 PM
    • View Profile

  • Total Badges: 23
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Can cryptocurrency do away with fiat?
« Reply #13 on: February 27, 2021, 05:23:27 PM »
The need for fiat and trading pairs in the crypto market is a necessity for a complete trade. The crypto market also needs fiat which is a stable coin that will help stabilize the price of coins in the market when trading. It also stands as a safe place for cash when there is a deep in the price of coins in the market. Fiat coin(s)  has their own functionality in the system. That is the beauty of the crypto space design, where everything has its own functioning part attached to it.
I will answer this question with NO. Fiat has its own stand and purpose which cannot be taken by other coins. Somehow, I call fiat coins as safe coin, where the losses is on a low to zero percentage.

Offline Dreamer

  • Legendary
  • *
  • *
  • Activity: 1364
  • points:
    26693
  • Karma: 43
  • Fox Campaigns
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: October 18, 2023, 12:10:16 PM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    Third year Anniversary Second year Anniversary 10 Posts
Re: Can cryptocurrency do away with fiat?
« Reply #14 on: February 27, 2021, 05:32:51 PM »
In the near future cryptocurrencies may have more power than fiat currencies, because we see many new crypto investors every day and it's both companies and individuals! Crypto is known all over the world now, if all countries will legalize crypto then we can see it on top of fiat currencies.

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod