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Author Topic: Can cryptocurrency make real money disappear  (Read 47831 times)

Offline Kevin7788

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Re: Can cryptocurrency make real money disappear
« Reply #15 on: June 01, 2019, 11:02:17 PM »
I don't think that cryptocurrency can make real money disappear. It can happen only if the whole world works on it.

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Re: Can cryptocurrency make real money disappear
« Reply #15 on: June 01, 2019, 11:02:17 PM »

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Offline BitFolk

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Re: Can cryptocurrency make real money disappear
« Reply #16 on: June 03, 2019, 09:08:38 AM »
In less developed countries it is not possible. There, not everyone has even Internet, some people cannot use even VISA. Cryptocurrency means some independence from the governmental control. In such countries it is not feasible.

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Re: Can cryptocurrency make real money disappear
« Reply #17 on: June 03, 2019, 09:41:44 AM »
Fiat money has replaced the coins, shells and feathers in the past, simply because they are accepted by the community and believe in the value they represent. If the government does not intervene, cryptocurrency will have strong development and soon replace fiat in the near future: 10-25 years.
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Offline Peter90

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Re: Can cryptocurrency make real money disappear
« Reply #18 on: June 10, 2019, 03:47:20 PM »
What are the chances of living in a world with no actual money ?   
I think personally that cryptocurrencies won’t make FIAT useless, but I think that cryptocurrencies will work hand-in-hand with FIAT money.
I think there are two issues here

a) if you are asking if cryptos will become the only kind of money: no, as long as cryptos are not declared legal tenders.
In every country there must be a legal tender, a currency which sellers are obligated to accept.
It's possible that Gov or Central Bank will create some kind of cryptocurrency and declare it legal tender.

b) Fiat is money created ex nihilo by the central banks. Fiat is fake money.
The proof of it is what we call inflation. Currency depreciation.
Fiat, this kind of money exists only since the 70ies, when the USA withdrew unilaterally from the international agreements of Bretton Woods.
Before that money was gold, the Gold Standard.

Cryptos won't make money useless, they will make fiat useless.

Offline Senin

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Re: Can cryptocurrency make real money disappear
« Reply #19 on: June 11, 2019, 10:36:28 PM »
This cannot happen under any circumstances. Cryptocurrency generally does not have such an effect on the usual currency. In addition, to the usual currency disappeared, it is necessary that the appropriate decision was taken by the legislative body of the state, and this will never happen. No state will ever give up their national money. National money is a mandatory feature of any state. Losing your money means losing your statehood.

Offline Peter90

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Re: Can cryptocurrency make real money disappear
« Reply #20 on: June 15, 2019, 02:53:46 PM »
This cannot happen under any circumstances. Cryptocurrency generally does not have such an effect on the usual currency. In addition, to the usual currency disappeared, it is necessary that the appropriate decision was taken by the legislative body of the state, and this will never happen. No state will ever give up their national money. National money is a mandatory feature of any state. Losing your money means losing your statehood.
You are right, no state will ever give up their national money.
National money is a mandatory feature (i.e. legal tender) of any state.

But Govs can replace paper banknotes and traditional electronic money with digital (blockchain) money.
It is not that they replace their national money, they only change the form national money gets exchanged and used.

Offline Senin

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Re: Can cryptocurrency make real money disappear
« Reply #21 on: June 23, 2019, 08:46:04 AM »
Fiat money has replaced the coins, shells and feathers in the past, simply because they are accepted by the community and believe in the value they represent. If the government does not intervene, cryptocurrency will have strong development and soon replace fiat in the near future: 10-25 years.
Cryptocurrency will never replace the national money of states. For the state, this will mean the actual loss of statehood and the loss of the ability to manage its economy, which will lead to the inevitable collapse. Therefore, the government of any state will be tough to prevent such attempts, from whom they would not come.

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Re: Can cryptocurrency make real money disappear
« Reply #21 on: June 23, 2019, 08:46:04 AM »


Offline hovrah

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Re: Can cryptocurrency make real money disappear
« Reply #22 on: July 28, 2019, 05:30:12 PM »
Fiat money has replaced the coins, shells and feathers in the past, simply because they are accepted by the community and believe in the value they represent. If the government does not intervene, cryptocurrency will have strong development and soon replace fiat in the near future: 10-25 years.
Cryptocurrency will never replace the national money of states. For the state, this will mean the actual loss of statehood and the loss of the ability to manage its economy, which will lead to the inevitable collapse. Therefore, the government of any state will be tough to prevent such attempts, from whom they would not come.
To your words you can still add the fact that if the cryptocurrency will be aimed at destroying the dollar, it will negatively affect not only the United States, but also other countries and the world economy.  Should not take into account the fact that dollars is an international currency.

Offline Alcor

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Re: Can cryptocurrency make real money disappear
« Reply #23 on: October 29, 2019, 09:28:51 PM »
So far, the cryptocurrency does not have any significant impact on the ordinary currency of states and is unlikely to have such an effect in the future. Most likely, the cryptocurrency will adapt to the usual currency, and not vice versa. In any case, cryptocurrency can go in society only along with the national money of states.

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Offline alexkamillakroy

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Re: Can cryptocurrency make real money disappear
« Reply #24 on: December 21, 2019, 01:54:42 PM »
No way ones in power will ever let this happen... but it sure would be an interesting view! Then imagine a blackout -

Offline Noverteno

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Re: Can cryptocurrency make real money disappear
« Reply #25 on: February 25, 2020, 09:55:31 PM »
If the cash of the states ever disappears, then this will not happen under the pressure of cryptocurrency. Cryptocurrency is simply not capable of this.

Offline JorohMa

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Re: Can cryptocurrency make real money disappear
« Reply #26 on: April 17, 2020, 11:54:07 AM »
Our financial system is designed in such a way that no alternative can replace fiat currencies, although bitcoin needs to be given credit because this coin managed to make a stir in the financial sector.

Offline ShadowCrypto

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Re: Can cryptocurrency make real money disappear
« Reply #27 on: April 28, 2020, 06:15:29 AM »
I don't think crypto as an entire getting to be|are"> are going to be going to zero, rather only those (a greater number) with nothing to point out for will attend zero although many are already doing so.

Offline dodok

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Re: Can cryptocurrency make real money disappear
« Reply #28 on: May 03, 2020, 07:43:27 AM »
in my opinion the fiat currency will not disappear, but the fiat currency will be a little bit to slide with crytorency because crytorency is easier to use for trading
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Offline ShadowCrypto

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Re: Can cryptocurrency make real money disappear
« Reply #29 on: May 06, 2020, 06:45:46 AM »
I believe in technology and yes it will! because central banks are implementing their own token. but it takes years to be implement but for now we need to enjoy fiat money value.

 

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