Getting Rid of Fiat Money

[Astra]

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.

Cryptocurrency is not a digital version of fiat money. The digital version of fiat money is government CBDC, and CBDC and cryptocurrency are far from identical concepts. Cryptocurrency and fiat operate according to completely different economic laws, which is why it cannot replace fiat. In addition, the cryptocurrency will not be allowed to do this by states that need fiat money to maintain their economy. Cryptocurrency can only rely on parallel circulation with fiat and nothing more.

[mahadev]

I don't believe crypto will get rid of fiat money.
I think government will keep their fiat money, also the bank.
Because crypto and fiat money are different platform

[Speaker]

we need synergy.Cryptocurrency is unlikely to become a legal tender, but it should take its place as a digital financial asset

[Seerge]

I don't believe crypto will get rid of fiat money.

That's right, Bitcoin and other Cryptocurrencies are unlikely to replace Fiat as a whole as a means of payment. 
Even though, after all, using Fiat is easier than Cryptocurrency, maybe in the future there will be a lot of Crypto that will be used as a means of payment, but that doesn't mean it will replace Fiat.

[pacar_tiri]

I don't believe crypto will get rid of fiat money.

That's right, Bitcoin and other Cryptocurrencies are unlikely to replace Fiat as a whole as a means of payment. 
Even though, after all, using Fiat is easier than Cryptocurrency, maybe in the future there will be a lot of Crypto that will be used as a means of payment, but that doesn't mean it will replace Fiat.

Yeah, every investors want bitcoin will replace fiat money at the coming future.
But we should be realistic.
Because the government will keep their fiat money cannot be replaced by others.

[MUGNIA]

Fiat money has the main purpose as a means of payment and is in real form, in contrast to btc which can only be used for commodities that support it but the value is not as stable as fiat
and i press btc can never replace fiat in life

[gurunanakji777]

Yes, I also entirely agree with you Fiat can not be replaced fully as far as I think because still, a huge no of the population is not like the cryptocurrencies because of their high volatility they avoid them and a common man does not want to take a risk he wants a simple and peaceful life even some people are satisfied with the current system so they don't like the changes and yes when cryptos will be widely used as a legal tender more and more people will adopt the cryptocurrencies without fear.

[legend45]

By seeing the progress and the popularity of crypto currency, I think many people believe crypto will replace fiat money.
But It will take several years again.
It's just prediction, crypto will get rid of fiat money

[Master107]

Things will happen slowly. People way of living is becoming convenient in any way as much as possible due to the fact that pandemic teach humanity a life time lesson to be adoptable and flexible. Today majority of people know how to deal digital transactions and high technology that can make things hassle free or less hassle.

Therefore, whether we like it or not, it is very possible that fiat will be obsolete and will be written on history in the future.

[Speaker]

Before fiat money becomes obsolete, we need to start using non-cash payments all over the world. And while this is not the case, we will see the ups and downs of the crypto market for a long time.

[bayiajaib]

We all know fiat money is always being keep and controlled by the government.
I think crypto will never ge rid of fiat money.
Both will grow together

[Master107]

We all know fiat money is always being keep and controlled by the government.
I think crypto will never ge rid of fiat money.
Both will grow together

Cashless is waving at the world door. Fiat would be gone due to technology advancement and people choice of convenient way of living in day to day basis. Microchip is another factor to see the future where fiat is in digital asset and no more in actual.
Of course it takes time and years before everything will embrace new way of living using technology advancement to innovative transaction and assets lifestyle.

[Rheology]

Fiat money and crypto both will stay. Different countries have different reactions on the adoption of cryptocurrencies. Some countries are bound to laws while others are adopting crypto. It will not completely vanish the fiat currency.

[Master107]

Fiat money and crypto both will stay. Different countries have different reactions on the adoption of cryptocurrencies. Some countries are bound to laws while others are adopting crypto. It will not completely vanish the fiat currency.

Maybe yes. But the fact that technology is disabling or i mean helping the traditional way of transaction to dynamic and super efficient method using a finger. Old history of trading were vanished. So for my opinion fiat would gone too but it takes more years before the world are into crypto. Adoption and correct management would take place once the world government are united to let crypto be legal.

[Confero]

Fiat money and crypto both will stay. Different countries have different reactions on the adoption of cryptocurrencies. Some countries are bound to laws while others are adopting crypto. It will not completely vanish the fiat currency.

I agree, and maybe this is what will happen in the future.  Bitcoin and Cryptocurrency will be widely accepted by countries and Fiat will still be used, Bitcoin cannot be separated from Fiat because this will be used as a benchmark for comparing Bitcoin prices. 
If Fiat is removed, it will be difficult. I really hope that in the future maybe in 5 years more countries will accept Bitcoin as a legal tender.