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Author Topic: Getting Rid of Fiat Money  (Read 6598 times)

Offline Fenix

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Re: Getting Rid of Fiat Money
« Reply #90 on: December 11, 2022, 08:21:21 AM »
Crypto currency will not be able to get rid of fiat currency, because fiat money is a payment instrument issued by the official government in a country that is centralized and its position cannot be erased

agreed, crypto currency won't getting rid of fiat money for the next few years.
But maybe at the digital era , it will be.
Anything might happen at crypto space.
In my opinion, crypto has potential to be.
Cryptocurrency will never get rid of fiat money at all. Cryptocurrency has no chance here. Cryptocurrency and digital money in general can only be an addition to fiat and nothing more. States will never abandon their national currencies. And everything that will pose a threat to the stability of their global financial system will be destroyed. Cryptocurrency should strive to coexist peacefully with the currencies of states and not claim a dominant role.

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Re: Getting Rid of Fiat Money
« Reply #90 on: December 11, 2022, 08:21:21 AM »

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Offline gunhell16

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Re: Getting Rid of Fiat Money
« Reply #91 on: December 11, 2022, 02:39:02 PM »
This is not yet possible in our time, we know its importance in this age. Just think if the money is lost, what will be replaced with it? cryptocurrency? oh, outdated bitcoin or cryptocurrency should be exchanged for fiat.

Because, all over the world today, our internet technology is not yet stable, especially in the mountains that it has not yet reached. So what's happening now in this industry is that we just need to keep going and continue what we started here.
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Offline Jaephoenix

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Re: Getting Rid of Fiat Money
« Reply #92 on: December 11, 2022, 09:30:28 PM »
I for one don't think fiat money is going to go out on extinction any time soon. It would still be around in the next 50 years anf be coexisting with CBDCs and cryptocurrencies. Some mainstream population would still prefer fiat especially for micro transactions

 

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