Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: ayatoslaw on October 25, 2018, 07:13:54 AM
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fiat and altcoin have different concepts,
if fiat with the centralized system and if the altcoin is with a decentralized system,
but the question is, can both collaborate into a new concept system?
because, if I look at the concepts of fiat and altcoin together, it will make a concept more perfect.
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Can both collaborate into a new concept system?
Anything can happen but that is going to be a near to impossible task. Unless banks would want to surrender their control, I do not really see it happening. What should we call that system, semi-decentralized or semi-centralized?
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It can be used together. I think it will be better if people around the world utilize Fiat and Altcons. We don't need to replace Fiat, we just need to add new payment instrument. Altcoins can support Fiat to make finance sector better.
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I think if you combine the concept between the concepts possessed by fiat money that is centralization and also combined with the concept of digital money like coins in Altcoin, the concept uses Decentralization. All of that is possible to be combined, but it will require complicated work, because both of these are very different and very difficult to put together the concept. I think I will need hard work to build this.
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I think Fiat and Crypto also have their own advantages. but fiat and crypto are also interconnected. the development of cryptocurrency are getting better and now the people are starting interested to understand the world of cryptocurrency.
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fiat and altcoin have different concepts,
if fiat with the centralized system and if the altcoin is with a decentralized system,
but the question is, can both collaborate into a new concept system?
because, if I look at the concepts of fiat and altcoin together, it will make a concept more perfect.
I think fiat and the altcoin can collaborate into a new system and perhaps, bitcoin can also join into one new system. We don't know what the government will do later because if they decide to collaborate fiat and the altcoin, then I think right now, the government is prepared to create something that will support the new system.
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Fiat is the most popular, easily convertible/ exchanged, widely accepted most popular currency. Almost all countries of the world have their own fiat currencies. Many currencies get invented over the period of time but fiat currency is still retaining its value. Altcoins are the youngest currencies of the currency markets; they are just nine years old. They have not yet accepted and reached in all parts of the world. Trade in altcoins requires specific software and hardware. Fiat and altcoins works on different plateforms. Their users are different. Altcoins are more popular as asset or tool of investment. Fiat currencies are the most popular currencies. Comparison among the is not worth.
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We don't actually have a shortage of choices when it comes to altcoins but one thing is sure is that there is no single site that you can use to buy all the altcoins that you may have in mind plus it would be safe I think if you can scatter your holdings so that what may happen in one may not happen to the other...spreading the risks, as they say. There are many good alternative coins in the market but it would always be good if you are doing your own research and due diligence. Good luck to your project and may you have a great prosperity this 2018.
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but the question is, can both collaborate into a new concept system?
In the next couple of years, several centralized cryptocurrencies will be released, the purpose of which will be to replace the Fiat currencies of world trade. And here is one of the world's governments will work to implement its crypto before and he will win.
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I find it hard to see a collaboration between two opposite systems, one being centralized while the other is decentralized. I think Ripple is the closest "collaboration" between crypto (altcoins) and banks (fiat).
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Fiat is an instrument of economical power. Without politics lose own power.
Crypto is a global instrument that aims to globalaize the exchange goods system.
One of them will survive!
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I don't how what they'll become when combining both into one. Actually, anything can be possible, but we just don't know how this will have happened
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I like your idea, it will definitely be more interesting, fiat and altcoins both of these money for offline and online transaction tools, both of these money if you can collaborate the community will be easier to use it.