Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on June 12, 2018, 03:53:17 AM
-
Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.
-
I dont think crypto will.ever replsce fiat because a lot of people have not heard about it yet. Governments will also.have to approve of it but it will take a long while and a lot of processes before it will be done.
-
most likely not, it's impossible, a lot of people do not understand crypto currency and therefore we will need all the usual money
-
I think in the future it may overcome fait currency because right now crypto awareness is spread at a very fast pace to the entire world.
I believe crypto is the future of cashless society as most people has been discussing; and it obvious that crypto is the answers to it. Crypto is decentralized and anonymous and nobody controls it, basically crypto fit in to the answers of cashless policy in any society in my opinion.
-
No, Cryptocurrency is Digital money, and Fiat is real Money. I think Cryptocurrency can not replace Fiat, because not everyone understands Cryptocurrency. While Fiat, From ancient to modern people all understand about Fiat Money. Cryptocurrency can only be accessed by the Internet, then what about villages where there is no Internet yet? That is impossible.
-
Cryptocurrency is a digital item that can only be accessed by the Internet, while enterprising is a real item that can be accessed anytime and anybody. for this reason, I think Cryptocurrency will not replace the fiat, although between cryptocurrency and Fiat have the same function.
-
I prefer crypto as a place for investment. everyone has different thoughts. but for now crypto is best to be a long-term investment.
-
Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.
In my opinion It will take several years, Crypto currency replace fiat money. I believe it.
-
It take a several years before this dream will come true. Fiat could never be replace bybcryptocurrency with its existing system. There ate so many holes that needs to address before it will succeed.
-
Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.
Of course I always believe that. Crypto currency will replace fiat money at the coming future.
-
This is a very long process, if this happens it will be cool. Most do not know about crypto, but when the authorities of the countries start to pass laws and dadud the mass publicity of crypto-currency ones, then those who did not know need to learn how to use the crypt in everyday life.)
-
Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.
By seeing the block chain technology, I think It is the future technology. I predict It will replace the fiat money in the future. It is my opinion.
-
I don't think so. Although the cryptocurrency has been the global payment currency, but fiat will never be replaced. It is because every country has different situation. Not all people in the countries can use or accept the cryptocurrency. Moreover in the developing or small countries. they may think twice to introduce the crypto to all societies in the country. It may be, but I think that it will be very difficult to replace.
-
It will be difficult for crypto to replace fiat and even it will, it will take a long time. We have to start with creating awareness about crypto and getting people to understand how it works before they will even accept it as a means of payment. All these processes takes time.
-
A total replacement for fiat is not really possible more adopters maybe will happen in my opinion, as the markets is too volatile and the value is very hard to define sooner or later the world will be in a chaos
-
Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.
yes, I believe at the future It will happen. Crypto currency will replace fiat money. Lets see.
-
Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.
I think It will be happen in the coming future. Crypto currency replace fiat money.
-
For me, its impossible to have fiat replaced with crypto. Though we live today with computerized technology and worldwide spread use of internet but there are still other areas that people have no internet and don't know about cryptocurrency.
-
It looks like crypto is only good for investment. every country has a currency and it is possible that if crypto replaces fiat there will be a lot of rejection.
-
Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.
I don’t think it is easy to replace fiat by crypto. It would be difficult for some countries or areas with less access to internet. Aside from that, some government resist to adopt crypto. So it will be a long journey before it will replace fiat.
-
it is true that we have to take a very long time to replace fiat money, and I do not think fiat money can be replaced with bitcoin for the future, with limited internet network and also difficult understanding.
-
Still going 50.50 for this decision. I have seen many countries making crypto currency as a mode of payment. But in terms of replacing fiat, it surely takes time. And also considering that the government will surely have to come across this. It will be maybe for the future, but as of now, it is still not possible.
-
it takes time to learn cryptocurrency because cryptocurrency is based on technology that is quite complicated when done by parents and children.
and cryptocurency cannot replace FIAT because FIAT is the legal state currency.
-
Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.
Yes I think, Crypto currency will replace fiat at the coming future. Crypto is the future technology.
-
No. That is very much impossible thing to happen. Crypto currencies are not meant for that purpose because they are not having those characters which fiat is having. The fiat is very stable and regulated currency, they are systematic in their work and balances the economic stress properly. This is what we want from the crypto currencies first then only we can say that they will replace it.
Crypto currencies need to be regulated first, not just regulated but highly regulated one! They can get into the real world only after that and all we know that they are currently decentralised one and work on the public ledger. So its obvious that it wont work.
-
When plastic card and mobile banking was introduced it does really replace fiat, I guess it also the same to crypto. With a billion of population only % knows about crypto.
-
No, i don't think it will - unlikely to happen. Fiat has been in used ever since i can remember - meaning stable, widely accepted and has the total support of the governments. Even though cryptocurrency is very much here to stay, it it still yet to be accepted by the governments as a means of payment. And realistically speaking, not everybody has the knowledge about cryptocurrency.
-
Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.
I believed fiat cannot be easily replace by any of the cryptocurrency even the stronger one because fiat is very useful can be easily perform transactions online or offline unlike cryptocurrency that needs internet connection to perform transactions.
-
i think we would rather accept to use both and not necessarily one replacing the other. The world currently does not have the capacity to run only on cryptocurrency in everything that we do.
-
No , i don't think crypto will replace fiat because it is a decentralized platform, the government can not control it
-
I agree, I know sooner or later cryptocurrencies will really going to replace it but before that we will wait a year/s before it happen. We have alot of freedom here in crypto I know more people will really going to like it.
-
Cryptocurrency is the future of all payment method due to the decentralized nature which grants financial freedom and power to the people. However, for it to replace cash or the Fiat, it will take years of awareness creation. Up to date, some people do not have access to internet whereas others do not know how to access it.
Of course I always believe that. Crypto currency will replace fiat money at the coming future.
if crypto replace fiat , what do you think how the goverments will manage us ? For me, the crypto will never replace fiat, it only exists in parallel with fiat
-
There is a possibility but this may take much time or could not be possible since not all people in a particular country are all educated or civilized. Also we need gadget and internet to make success transaction in crypto while fiat does not.
-
Crypto will not replace fiat money. Crytp cannot be controlled by the government and is even banned in some countries. But crypto can replace fiat money functions to make transactions easier and cheaper.
-
I think the possibility is quite slim since we know that fiat is already part of our daily life transaction.
-
I think in the future it will but for now it will be hard to over power fiat since many still not accepting cryptocurrency.
-
No, never, in light of the fact that most governments will never acknowledge them for charge installments. Doing as such would mean a) surrendering money related strategy as a methods for financial control, and b) surrendering government capacities to an unregulated, untouchable gathering of PCs that most likely won't be under the control of their nationals and are helpless to hacking.
-
Maybe it is possible that crypto can replace fiat money but, it will take so many years for crypto to replace fiat money. I believe that time will come that almost everything we use will be technology-based. so, there is a possibility that crypto will replace fiat money but, not now, not soon, it will take many years..