Getting Rid of Fiat Money

[innerpumper]

I believe the existence of cryptocurrencies is aimed at perfecting fiat. does not mean eliminating its existence. Cryptocurrency is a digital version of fiat money. whereas some financial systems that are not achieved by fiat will be reachable by cryptocurrencies. however, we need fiat to estimate the value of bitcoin itself.

[dekafee79]

I believe the existence of cryptocurrencies is aimed at perfecting fiat. does not mean eliminating its existence. Cryptocurrency is a digital version of fiat money. whereas some financial systems that are not achieved by fiat will be reachable by cryptocurrencies. however, we need fiat to estimate the value of bitcoin itself.

Crypto currency will grow and more popular than fuat at the coming future.
Okay I agree crypto won't to get rid of fiat money,  but crypto will replace fiat money function at the digital era.
Maybe at several countries or city that don't have internet connection will use fiat money.
But crypto will dominant at the world.

[Bobcrypto]

In this life nothing seem to be impossible, the coming of crypto was never thought that it will get to this tremendous popularity and adoptions as it is today .it started like a play thing but is has withness unpresentable growth.
Now, Fait is control by government but also remember that fait was invented on a certain day, and may not be out of place to say that some day, fiat may be remove by a more popular means of transaction. I think  digital money is gonna take charge in future wether government accept it or no.

[nakmantu99]

I believe the existence of cryptocurrencies is aimed at perfecting fiat. does not mean eliminating its existence. Cryptocurrency is a digital version of fiat money. whereas some financial systems that are not achieved by fiat will be reachable by cryptocurrencies. however, we need fiat to estimate the value of bitcoin itself.

I get the point, however, we need fiat to estimate the value of bitcoin itself.
Yeah , fiat as indicator that make we know the value of bitcoin and altcoin.
But I think It's possible to happen, crypto will get rid of fiat money

[Senin]

I believe the existence of cryptocurrencies is aimed at perfecting fiat. does not mean eliminating its existence. Cryptocurrency is a digital version of fiat money. whereas some financial systems that are not achieved by fiat will be reachable by cryptocurrencies. however, we need fiat to estimate the value of bitcoin itself.

It is hardly worth agreeing with your statement that crypto currency is a digital version of fiat money. The national currency of states (fiat) has a completely different nature of functioning than  crypto currency and therefore they are not even an improvement on one another. In this regard, it can be said that the non-cash money of states using blockchain technology really acquires improved functions, as their transactions become faster and cheaper. But still, the essence of non-cash fiat does not change from this.

[Doctor]

Yes fiat money can’t be replaced as it has a different purpose because Bitcoin and other cryptocurrencies are subject to price volatility. I’ve seen some conversations in various social media channels sharing about crypto replacing fiat within a decade, bla bla bla, etc. But the truth is that it cannot be replaced by any means necessary. Both fiat and crypto can co-exist with different functions and use cases.

If the reason why fiat money cannot be replaced because bitcoinnnad altcoins are volatile, I'm not agree with this.
The main reason is crypto needs internet connection for their transaction, and we all know there are many places that didn't have internet connection.
but I believe bitcoin has potential to replace fiat money.

[therozaq]

If the reason why fiat money cannot be replaced because bitcoinnnad altcoins are volatile, I'm not agree with this.
The main reason is crypto needs internet connection for their transaction, and we all know there are many places that didn't have internet connection.
but I believe bitcoin has potential to replace fiat money.

It seems to be difficult to happen, because the government will protect the national currency.  Because it will have a lot of impact if bitcoin replaces fiat money. 
Bitcoin is volatile, and the government cannot control bitcoin, this will have an impact on national finances.
Such as inflation etc.

[gurunanakji777]

I don't think Fiat money will be obsolete it will also remain as we all know at present very less no of the percentage of people rely on cryptocurrency. The reason behind this is the security as we daily heard someone's wallet is hacked and all the money withdrawn by the hacker and there is no way to get back the money so it's complicated for a common man. They don't want tension but we all know many countries will legalize cryptos in the future but Fiat is more reliable than the cryptocurrency in my opinion if we talk about the current market scenario.

[Dora Walletinvestor]

In the very distant future I can imagine digital money replacing fiat money, but I think that the more likely scenario is the creation of CBDC's rather than the acceptance of current cryptocurrencies. This is just my personal opinion, though.

[anshor1]

In the very distant future I can imagine digital money replacing fiat money, but I think that the more likely scenario is the creation of CBDC's rather than the acceptance of current cryptocurrencies. This is just my personal opinion, though.

CBDC is the government strategy to reduce domination of crypto currency at the coming future.
But I think crypto will still dominant at the coming future, because crypto gas been created to replace fiat money at the future
that's the fact, everything will be digital and we will see paperless

[Vx1]

I believe the existence of cryptocurrencies is aimed at perfecting fiat. does not mean eliminating its existence. Cryptocurrency is a digital version of fiat money. whereas some financial systems that are not achieved by fiat will be reachable by cryptocurrencies. however, we need fiat to estimate the value of bitcoin itself.

I agree with you, Crypto and fiat will go together according to their respective advantages. Cryptocurrency was created not to eliminate fiat, but to improve it. So we can't be wrong, let alone say that in the future Crypto will replace Fiat. I thought it would be impossible!.

[aiviaa485]

There are still many out there who do not understand the use of digitalization and it will feel like discrimination if they have to remove Fiat money because I believe that creating digital currency in a country must have various stages.
I also have a thought that using digital money will definitely require a tortuous process because changing habits usually takes time, like changing someone who smokes to not smoking.

[ShibaCoffeeToken]

The war between Russia and Ukraine has shown that cryptocurrencies can be more useful than regular fiat money, as funds can be raised quickly to help the citizens of Ukraine. There are no borders for cryptocurrencies and its transfer, which is great.

[Fenix]

I believe the existence of cryptocurrencies is aimed at perfecting fiat. does not mean eliminating its existence. Cryptocurrency is a digital version of fiat money. whereas some financial systems that are not achieved by fiat will be reachable by cryptocurrencies. however, we need fiat to estimate the value of bitcoin itself.

Crypto currency will grow and more popular than fuat at the coming future.
Okay I agree crypto won't to get rid of fiat money,  but crypto will replace fiat money function at the digital era.
Maybe at several countries or city that don't have internet connection will use fiat money.
But crypto will dominant at the world.

It is naive to think that cryptocurrency will ever dominate the world. Even if the cryptocurrency was capable of this, then the states will not look at it indifferently. If they recognize that cryptocurrencies pose a threat to the security of their financial sector, they will immediately take action up to and including a complete ban on cryptocurrencies. This will not completely destroy her, but will reduce her circulation dozens of times, even in comparison with the current situation. Cryptocurrency needs to coexist peacefully in the currency of states, because it will not win the war with fiat.

[Majek]

The war between Russia and Ukraine has shown that cryptocurrencies can be more useful than regular fiat money, as funds can be raised quickly to help the citizens of Ukraine. There are no borders for cryptocurrencies and its transfer, which is great.

Yes fiat money can’t be replaced as it has a different purpose because Bitcoin and other cryptocurrencies are subject to price volatility.and you know crypto price is not stable,I have seen some conversations in various social media channels sharing about crypto replacing fiat within a decade, etc. But the truth about the matter is that it cannot be replaced by any means necessary. Both fiat and crypto can co-exist with different functions and use cases while in aspects of crypto holding a good coin like $RGEN is a great one and it is already listed on pancakeswap and can be tracked on coinmarketcap as well