Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Mavalet on October 12, 2018, 01:05:18 AM
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Now there are a lot of assumptions about whether the cryptocurrency can completely replace Fiat money? Personally, I believe that in the near future, it is possible that the cryptocurrency will be an addition to Fiat, but never completely replace it.What do you think about this?
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Crypto currency will not completely replace fiat money. One reason is because crypto cannot be controlled by the government. Other than that, crypto prices have never been stable, they are easy to change. And crypto cannot be the identity of one country's currency.
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In my opinion, crypto cannot replace fiat money because crypto cannot be controlled by the government and not a legal payment system. But going forward, crypto can be a reserve currency that is side by side with fiat.
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I think that Fiat has already outlived itself and the world economies, taking into account their huge foreign debts, we must find a way to transform them and write them off. This way you can become a cryptocurrency.
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At this time fiat is more influential than crypto. Some people doesn't like to spend their time on the things they aren't sure if they will be victorious so they choose fiat over crypto. Well, once the government will accepted the system of crypto probably slowly by slowly fiat will fade someday.
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Fiat has been in the system for a long time and I think it will be difficult for cryptocurrency to replace it. There are a lot of counties which have not accepted cryptocurrency yet and it will be difficult for it to be accepted.
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I think cryptocurrency in 4-5 years will be able to replace fiat. As more and more people are interested in crypto. And soon everyone will begin to buy food, cars and apartments with the help of a crypto.
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It will not be replaced because not all people in the world can hold crypto currency, not like fiat that everyone can use it even if you are a no read no write person.
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for now, fiat wins, because most of the countries uses it until now, and some of countries are not even know what cryptocurrency due to its economy, but for sure when the time comes, Cryptocurrency will replace fiat money because of advance technology.
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Crypto can be very useful in many sectors and payments to have a trust and verified payment without using traditional banking system.
I think that FIAT will not disappear but crypto can replace for example credit cards system.
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Now there are a lot of assumptions about whether the cryptocurrency can completely replace Fiat money? Personally, I believe that in the near future, it is possible that the cryptocurrency will be an addition to Fiat, but never completely replace it.What do you think about this?
I won't compare between cryptocurrency and fiat because right now, I think both cryptocurrency and fiat have different purpose and advantage. Cryptocurrency can help us to gain many benefits which we don't know yet, but the fiat, we use it for our daily life, and we have different fiat for every country.
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Crypto would lose its value if fiats will be gone. Remember that the price of the cryptocurrencies is within the reach of fiat money such as dollars for bitcoin and others.Though it may be possible, still the security of cryptocurrency is unstable unlike fiat that can be kept within you, and crypto is only a virtual money and needs to be exchange for fiat. You can't even tell how it looks like or how much have you touched it.
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Crypto can beat fiat's ass if it would used as what it had been developed for.
Creating money via code is amazing. You don't have to pay any government, banks vice versa.
Plus, solving some hard problems with these coins is changing the way the world rolls.
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Personally, I agree with you, cryptocurrencies will not completely replace fiat. Government hate this, no tax to collect, no source of funds
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Already no one doubts that cryptocurrency has taken some place that Fiat used to occupy, but only in the long run will the effect of cryptocurrency on the financial system be more pronounced. In fact, even before cryptocurrencies, plastic cards and Internet banking have replaced Fiat, we will not notice much change, just bank accounts and Apps in our phones will change to cryptocurrency.
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Crypto remains a digital coin, simply that Fiat money is real money, while Crypto is Digital money. So I think Crypto will not be able to replace Fiat's money position. because we live more in the real world not cyberspace. but they can support each other. because we live in the real world and cyberspace :D
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I don't want to compare between Cryptocurrency and Fiat. I don't understand why people compare it. I think it is no need to compare them since we can use both of them. Although crypto has been a part of our life, it doesn't mean we don't need Fiat. Fiat cannot be replaced, it will be there forever.
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I don't think that each should win and one should lose. The use of fiat and cryptocurrency in this time can be supporting each others. Fiat is however used for our daily payment method and we will need it so much. But cryptocurrencies, are the technology, to be used for future, it is very promising to earn money from trading or investment.
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In my opinion we can see that in next 50 years. Because already too many people stop using that paper money. People already using credit cards always. So with some future technological developments or telephone applications using crypto currencies like that will be really easy. Also i want to talk about govermental money and crypto currencies. I believe crypto currencies replace fiat money. because already we can see there are too many countries try to create their own coins etc. surely that will be in next 50 years i think. that is completely revolution.
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Now there are a lot of assumptions about whether the cryptocurrency can completely replace Fiat money? Personally, I believe that in the near future, it is possible that the cryptocurrency will be an addition to Fiat, but never completely replace it.What do you think about this?
I agree mate. In the near future, The crypto currency will be an addition to fiat, But at the coming future Crypto currency will replace fiat money.
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Now there are a lot of assumptions about whether the cryptocurrency can completely replace Fiat money? Personally, I believe that in the near future, it is possible that the cryptocurrency will be an addition to Fiat, but never completely replace it.What do you think about this?
I always believe Crypto currency is the future currency. It will be replace fiat money at the future. But in the near future, It will be additions to fiat.
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Cryptocurrency can never replace the national money of states. No state will allow this to happen, otherwise the economy of any strong state will quickly become disrupted. Cryptocurrency can only go along with the national money, then they will benefit both people and the state.
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Fiat currency is legal tender backed by a central government and cryptocurrency is not. But fiat only stable price. if you want to get more profit of course you will invest in cryptocurrency not in fiat. People usually convert crypto asset to Fiat when they feel the market is in down turn and convert it back when they feel its time for crypto to growth. about the cryptocurrency can replace the Fiat money i think it wont be for a moment but at the future who knows.
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Crypto currency will not completely replace fiat money. One reason is because crypto cannot be controlled by the government. Other than that, crypto prices have never been stable, they are easy to change.
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Now there are a lot of assumptions about whether the cryptocurrency can completely replace Fiat money? Personally, I believe that in the near future, it is possible that the cryptocurrency will be an addition to Fiat, but never completely replace it.What do you think about this?
I think It will take several years Crypto currency can replace fiat. I predict at the coming future It will happen.
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Both of them has their own advantage. Fiat is stable currency and its backed up by the government and Cryptocurrency is an investment so when you invest in them you can get the profit or you will lose. So thats why better choose the good cryptocurrency to invest and i think in the future cryptocurrency will be the one of the good investment to invest. You just need to research them first and then decided to invest at what coin.
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It will never happen because FIAT is a stable financial symbol of the country.
The cryptocurrency can only be used as a business and will never replace FIAT.
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Fiat is still needed for traditional payment systems and crypto brings good blockchain technology to a transparency of payment systems. so fiat and crypto must be together because they have the same benefits as payment systems.
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we know that not everyone can accept crypto well. there are still many people who need fiat money for their daily needs. I think cryptocurrency is better for use as an investment.
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Now there are a lot of assumptions about whether the cryptocurrency can completely replace Fiat money? Personally, I believe that in the near future, it is possible that the cryptocurrency will be an addition to Fiat, but never completely replace it.What do you think about this?
cryptocurrency will never replace fiat, because cryptocurrency is asset like gold.
but for value cryptocurrency will be higher than fiat, because crypto have max value, and fiat no maximum value.
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In my opinion, it is impossible for Cryptocurrency to replace Fiat. Because fiat money is preferred by the people here. There are even many people who play on Cyrptocurrency just to produce fiat, not to generate Coins and raise Crypto prices. I think that's the truth.
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Fiat has successfully existed for many years in parallel with Mastercard/Visa plastic cards and the same situation will be with cryptocurrencies, Fiat will exist in parallel with cryptocurrencies. There are different niches for which their own currency is better suited. The wallet is tied to the phone, and the phone needs internet and if it is not possible to withhold payment using cryptocurrency, then you can always use Fiat currency. Nowadays, plastic cards are not accepted everywhere, for example, in rural areas or in third world countries.
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Fiat and Crypto must be together because they have the same benefits as payment systems. Fiat is still needed for traditional payment systems and crypto brings good blockchain technology to the transparency of the payment system.
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Now there are a lot of assumptions about whether the cryptocurrency can completely replace Fiat money? Personally, I believe that in the near future, it is possible that the cryptocurrency will be an addition to Fiat, but never completely replace it.What do you think about this?
I have the same view point as you. Totally replacing fiat is not possible even in long term, no matter what we still need fiat for the world to be running. Working hand in hand with fiat is already the best scenario that i am hoping to see.
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crypto prices are never stable, they are easy to change.
Crypto currency will not completely replace fiat money. One reason is because crypto cannot be controlled by the government.
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I'm sure that fiat will always remain the main currency.
Not all people know how to invest in crypto and there are still not so many services that accept crypto payments.
In everyday life we use fiat and it will remain the same forever.
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Now there are a lot of assumptions about whether the cryptocurrency can completely replace Fiat money? Personally, I believe that in the near future, it is possible that the cryptocurrency will be an addition to Fiat, but never completely replace it.What do you think about this?
Of course, the cryptocurrency can only go in parallel with the national money. Besides the fact that people will still use paper money as one of the most reliable, simple and fast ways of financial relationships, the state will never refuse to use their national money in favor of cryptocurrency. The reason is, first of all, that the cryptocurrency can not be tied to the economy of a particular state, and without this, the economy will be dead, it will be very difficult to manage. And in general, why does the state need such risks with cryptocurrency volatility?
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Fiat will still be there and you can use Crypto as a fast and safe payment system. Some countries do not accept crypto as a payment system, currently, I use Fiat for payment systems because some rules prohibit the use of crypto for payments in my country. I think if crypto is accepted in all countries. I would be very happy.
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At the moment, everyone needs fiat and in the near future no one will switch to a cryptocurrency completely, because people are accustomed to working with fiat than with cryptocurrency, because cryptocurrency is an undiscovered treasure.
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Short-term: fiat. Long-term: cryptocurrency. Mid-term: who knows.
Currencies without a fixed supply will become a thing of the past.
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both are amazing in their own special ways. crypto has not being the sole currency in the world yet so it cant be accepted everywhere. Fiat is used in everyday transactions because its globally accepted. crypto is accepted only by those who have knowledge about it. Someday it may solely be crypto but for now i vote both as good.
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Crypto has potential and also many communities that support crypto, fiat therapy has the support of the government and therefore I think fiat will win more.
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Should we decide which will win? I myself will not ever compare both crypto and fiat. Because I need them all in my life for my daily payment and saving and also for my investment and effort for trading. The fiat and crypto have different concept and base. but they are all promising with their technology and positive or negative sides.
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There will be a winning period for both. Currently fiat is in control of the payment system because not all countries legalize crypto. But it could be in the future, crypto will be the winner because crypto was created as a payment with unique technology. And it can't be done by fiat.
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Cryptocurrency can by no means update the national cash of states. No kingdom will allow this to manifest, in any other case the financial system of any sturdy nation will quickly emerge as disrupted. Cryptocurrency can best go together with the countrywide money, then they may advantage each people and the country.
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I hardly believe it can totally replace fiat money.
There are still many people who have difficulties to accept crypto and digital currency.
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Maybe in the future, crypto will be the winner because crypto was created as a payment with unique technology. And it can't be done by fiat. Currently fiat controls the payment system because not all countries legalize crypto.
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Crypto is good for online and fiat payment systems. I don't think crypto can replace fiat completely because fiat is still needed for payment systems for countries that don't accept crypto transactions.
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Now there are a lot of assumptions about whether the cryptocurrency can completely replace Fiat money? Personally, I believe that in the near future, it is possible that the cryptocurrency will be an addition to Fiat, but never completely replace it.What do you think about this?
I think the same way you are thinking, cryptocurrency is coming in a way that soon it will almost compete with fiat.
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No crypto cannot replace fiat for these reasons, crypto cannot be controlled by government. Its prices are unstable. It is not easily accessible to everyone. There are many countries where internet is still an issue. For these reasons and much more, fiat will be the preferred currency worldwide while cryptocurrency maybe an accepted second.
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I do not see a way or a competition between fiat and crypto to even start a post like this one. Both are currencies but in different format. We even measure btc value in terms of dollar equivalent. Both are useful to mankind.
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No one will win.. they can both exist. even if we are in the modern world not all establishment can accept crypto as payment.
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The two both Bitcoins and fiat have different sides and usage. Fiat will win in the real currency used by all people around the worldwide. However, Bitcoin becomes the winner in the world of crypto and investment. So, it depends on yours how you make the bitcoin or fiat to be with you. However, in my personal opinion, there will no be loser or winner at all.
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Cryptocurrency can by no means update the national money of states. No country will allow this to appear, in any other case the economic system of any robust nation will fast emerge as disrupted. Cryptocurrency can simplest go with the countrywide money, then they will benefit both humans and the country.
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This shouldn't be any argument, fiat still leads, it will a whole lot of years before it may rule over fiat.
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When it comes to fiat money and crypto, the fiat money is generally accessed by everybody but cryptocurrency money can only be accessible to those who are interested in the business of blockchain so both fiat and cryptocurrency we still be available for the better.
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For now fiat money is superior to Crypto. Because crypto for the community is relatively new and is still in the stage of adjusting to Crypto, so there are still many people who proclaim their fiat money rather than crypto. Maybe if it's 5-10 years ahead. Crypto can control the world and defeat fiat money which is still in use.
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If seen in fact. Fiat justu is still far more useful and is a daily payment tool for people than Crypto. It is clear that Crypto is still inferior to fiat money, because fiat money is in fact real. But along with the development of technology today, Crypto began combing and replacing Fiat, I think in the future Fiat will be defeated by Crypto and that will happen for a long time.
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For now fiat cannot be replaced, but who knows for the future, in the world of any crytocurrency it can happen, local money in a country is not easily replaced by cryptocurrencies, a country's currency is the country's identity, takes a long and long process to replace fiat with crypto currency
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Fiat helps the development of the peoples lives convenient. We use fiat daily because that is what we naturally do. It is hard to replace fiat by crypto so maybe in the future crypto and fiat will become more better to each other to lead the world better.
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I think both of them have their advantages. Fiat money has become the official currency in a country. and I think to replace completely is a difficult thing for cryptocurrency. we can use cryptocurrency to make a profit.
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For the current conditions. Still fiat money wins than Crypto. Because still 95% of the world community still uses fiat money rather than crypto. I think Crypto is still far behind Fiat and will take a long time to be able to defeat Fiat in the future. With current technological advances, it will be easier for Crypto to be introduced to the world community. this will affect the usability of crypto for fiat users.
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I believe cryptocurrency will be the winner in the future, although it will takes long time until it will happen because when the cryptocurrencies to be money for daily transaction fiat money will be died, the reason for it in the fiat money there is inflation, it can not protect your value in fiat money but cryptocurrencies is deflation (especially the bitcoin) it will protect your value of money in cryptocurrencies.
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Actually, between Crypto and Fiat it is different from the world but its function is the same as a transaction tool. But here it still seems to be superior to fiat than Crypto. Because there are still many people who use Fiat more and make it more productive than using Crypto. of course there are reasons such as fear of crying in crypts and so on. So now Crypto is still losing to Fiat. Maybe Crypto's future can be superior to fiat money.
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In my opinion it could happen, but for now it seems difficult to realize that, even though the crypto currency offers many conveniences and benefits, but the crypto currency also moves independently, separate from the country's central bank. The virtual currency system works completely closed through the blockchain channel, where crypto users are completely closed. Most countries are also totally tax free and their value cannot be determined by the government. In my own view, it would be very dangerous if the crypto currency replaced the original currency, with prices that could not be determined or were very volatile, would seriously threaten the economy of a country. Cryptocurrency assets are only suitable as investment fields. And if all countries have their own crypto currency, the country should be able to regulate the price, and that is impossible.
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I think for now Cryptocurrency is superior to Fiat if seen from a unit of value, if you have 1 BTC then you have Fiat money for $ 6200 BTC current rate. But if there is no Fiat currency I think Cryptocurrency will die there will be no value, so I think the two have their respective advantages.
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Fiat is necessary in human lives now and forever. Even crypto will be the most use in the future still I believe that the presence of fiat is there to help crypto system much interesting and better. We cannot exclude any of these because we need both.
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I think fiat money cannot be replaced by crypto because people in the country don't fully understand and know about crypto. Cryptocurrency is a payment through a blockchain system that requires an internet network. Meanwhile, peripheral communities do not fully understand the internet and technology. So Fiat is still needed. But crypto is also important to be adopted in a country because it can stabilize the country's economy.
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I think for Crypto to win, there needs to be merchant adoption AND people need to have a steady income of crypto coming in. OR fiat currencies like the USD would need to collapse.
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In my opinion the Crypto currency will not be able to completely replace fiat money. Because crypto cannot be controlled by the government. Besides that, also crypto prices are never stable, they are very easy to change. so crypto cannot be a one-country currency identity.
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Cryptocurrency is only 10 years old, and its technology still in development stage. If you are like me who wants to split bill, I still need cash in this type transaction. Call me stingy its alright.
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A technical and organizational cryptocurrency can never replace fiat with itself. Cryptocurrency was created only as an alternative payment system to the currently existing payment system. First of all, it can not have any interaction with the economy of any state, and this circumstance means that the cryptocurrency will quickly unbalance the economy of any strong state.
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Cryptocurrency can never replace the national money of states. It is not technically designed for this. Most importantly, the cryptocurrency can not interact with the economy of the state in any way, as ordinary money does. And without this, any economy of any state will quickly become unbalanced and chaos will begin. If a cryptocurrency as a state’s money will exist on its own, and the economy will exist on its own, there’s no sense in that.
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I think cryptocurrency will gradually replace fiat money from the market. To do this, it is only necessary to defeat the centralized services - banks. It will be a very difficult task, but I want to believe it!
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Cryptocurrency has its own separate function so also Fiat.
I think cryptocurrency could enter mainstream but definitely not going to replace Fiat.
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cryptocurrency cannot interact with the country's economy in any way, like ordinary money. And without this, the economy of any country quickly becomes unbalanced and chaos will begin. If cryptocurrency as state money will exist by itself, and the economy will exist by itself, there is no point. Cryptocurrency can never replace national state money.
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It will be real in the future. I am completely sure in 30 40 years nobody will not use fiat anymore. People will use only cryptocurrencies. Maybe these currencies will not eth or btc but i am completely sure nations will create their national crypto currencies and people start to use these currencies in their general life . So i think crypto currencies will win that race.
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Obviously, crypto wins as we can see from history that people always move in the direction of new things.Crypto is struggling right now because the idea is new but trust me as time goes by,many people will jump on and the story will change.From then on we shall all see a new order.
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For now, crypto and fiat money are still superior to fiat money. In this world, those who use Bitcoin are only 5%, the rest use fiat money. That's all Bitcoin has lost to fiat money. And it won't be easy for Bitcoin to beat Fiat, it will take a very long time to beat him.
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Basically Crypto aims to replace fiat as the world's public currency. But in my opinion the mission was less successful. Because only a small number of people use Crypto and only a few countries legalize it. Because Crypto will threaten the world economy, crypto will not be able to win as long as the government and the banks and the main people still use fiat as a daily transaction tool.
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Now there are a lot of assumptions about whether the cryptocurrency can completely replace Fiat money? Personally, I believe that in the near future, it is possible that the cryptocurrency will be an addition to Fiat, but never completely replace it.What do you think about this?
It's right. After all, in the next decade, technologically, all are not ready to simply take and abandon fiat money and fully switch to cryptocurrency!
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I can't totally cross off the thought or possibility of cryptocurrency completely taking over fiat currencies. With a little recognition and participation, cryptocurrencies can go beyond what we think right now. Although, if I were to place a bet, I'll say that both types of currencies will work hand in hand.
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Currently Fiat is winning on Cryptocurrency. Fiat has been a favorite of many people and has become a lot of users, almost all of which I think are still using fiat. Crypto is currently only used by a few of the entire world community, therefore Crypto is currently not strong enough to be able to replace Fiat and defeat it. I think it will take a long time.
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Basically the purpose of creating digital money like Cryptocurrency is to replace real money or fiat money. At present fiat money is still very strong and is still a priority of the world community. Therefore, currently the winner is still fiat money, and crypto is still unable to beat real money. But I'm sure Crypto will be able to defeat it later.
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There is a time for everything including replacing fiat by crypto. There are a lot of process before it will became official. Crypto won't erase fiat easily because people wants fiat more than crypto due to massive scam issue written in cryptocurrencies.
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Some exchange of cryptpcurrencies accept fiat, such as dollars , euros etc. For crypto exchange to accept fiat currency has made every thing easier for the newcomers to the world of digital coins.
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Now there are a lot of assumptions about whether the cryptocurrency can completely replace Fiat money? Personally, I believe that in the near future, it is possible that the cryptocurrency will be an addition to Fiat, but never completely replace it.What do you think about this?
In my opinion, at the coming future Crypto currency will be winner. It is the future technology.It will dominate at the future. I believe it.
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I prefer fiat, because fiat has its form,
whereas crypto has no form, only numbers, but unfortunately fiat can be controlled by a number of individuals, and this is what cryptocurrency has,
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To replace it in full, I think it is impossible, most people use fiat money more, besides fiat money is more practical in the form of real form, then stable fiat money never goes down and rises. Whereas the price of the crypto currency is unstable, the price drops and rises, so crypto currencies are just another payment method, not to replace money.
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I think that cryptocurrency will win, but the period of their formation will be 5-10 years. During this time, they are essentially evolving
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Currently fiat is ahead of crypto right now, crypto is still struggling to get people adopt it, while fiat is been used by everyone. May some day crypto will dominate, but may also not be possible.
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To date, there are no prerequisites for what to consider the cryptocurrency a global payment instrument. Unfortunately, banks will not allow the widespread use of cryptocurrency in the real world.
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Never will, crypto make it easier for us in transactions in the digital world, fiat makes it easier for us to deal in real-world transactions, there are still many people - people who are unfamiliar with cryptocurrency may be very new and can be replaced
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Now there are a lot of assumptions about whether the cryptocurrency can completely replace Fiat money? Personally, I believe that in the near future, it is possible that the cryptocurrency will be an addition to Fiat, but never completely replace it.What do you think about this?
It is difficult choice for now. Because I see the crypto market is red now. I predict It will take several years again, crypto will be the win.
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Yes, and it will be very difficult for crypto to replace fiat because, as you may observed, not every countries in the world has fully welcomed cryptcurrency. While some countries has welcomed and adapted to the use of crypto, others are kicking against it. I think it may takes a long time before this may happen, and i think that crypto is gaining ground everyday.
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Now there are a lot of assumptions about whether the cryptocurrency can completely replace Fiat money? Personally, I believe that in the near future, it is possible that the cryptocurrency will be an addition to Fiat, but never completely replace it.What do you think about this?
Yes you are right. Cryptocurrency can only be an addition to the existing conventional currencies. It is not able to replace the national money of the states, because it will not have any relationship with the economy of any state, as well as due to its high price volatility.
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Cryptocurrency cannot replace fiat currencies because not everyone knows about technology and many countries still don't give permission. Many countries do not give permission for Cryptocurrency for payment media. But I hope that this digital currency will one day become an online payment medium.
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Yes, and it will be very difficult for crypto to replace fiat because, as you may observed, not every countries in the world has fully welcomed cryptcurrency. While some countries has welcomed and adapted to the use of crypto, others are kicking against it. I think it may takes a long time before this may happen, and i think that crypto is gaining ground everyday.
Of course it's gaining, but it doesn't mean that it will replace fiat one day. Maybe in the year 2049 when the whole world will be digital, but not now.
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Now there are a lot of assumptions about whether the cryptocurrency can completely replace Fiat money? Personally, I believe that in the near future, it is possible that the cryptocurrency will be an addition to Fiat, but never completely replace it.What do you think about this?
Offcourse still fiat was widely used than crypto-currency. We know that crypto-currency was still in its infancy and still has plenty of time to developed while Blockchain is very usefull in financial sector i think it needs more time to be widely used globally.
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Maybe in future Cryptocurrency will take over but right now fiat wins cause crypto is not getting globally accepted. And the Market condition is not helping matters, till unstable.