Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: emma.lee1890 on November 02, 2018, 03:43:32 PM
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If everyone in the world gets into crypto and crypto-currency will become an official global currency, do you think bitcoin then will stop depending on fiat currency? Or will it just co-exist with fiat?
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I think the answer is easy. Because Crypto is virtual, we cannot use it at any time and place. so even, though Cryto became the world currency , we still needed fiat money
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If everyone in the world gets into crypto and crypto-currency will become an official global currency, do you think bitcoin then will stop depending on fiat currency? Or will it just co-exist with fiat?
Crypto will never be the official global money, because crypto don't have a requirement to be official money, because crypto is virtual money and thay will be really hard to use everywhere.
Though many peoples said if crypto become money in the future, I'm sure if that just a dream, and crypto and fiat money always co-exist.
And One think, the exchange value of money in every country is different, why we can use crypto as the global money? that really impossible to be come true
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I think both will still be there even though maybe one of them is superior. we know that fiat is a currency of a country and we also know that not everyone can accept cryptocurrencies well. therefore it would be better if we use it in accordance with its use.
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Bitcoin and fiat will coexist, if global currencies use bitcoin, I think that's a good idea. But some countries certainly don't agree if fiat is completely replaced by crypto, we still need both
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Cryptocurrency can only coexist with the national money of the states and can only go along with them. Decentralized cryptocurrency can never be a global currency and replace fiat with itself; for this it does not have technical capabilities and is not intended for this. In addition to high volatility, the cryptocurrency can not have proper interaction with the economy of the state, and without this, it simply unbalances it and causes great chaos in the country.
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If exactly this option happens, then most likely yes than not, because the cryptocurrency is now recognized as official only in some countries, and therefore it is very difficult to do something without the permission of governments and fiat.
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I think that cryptocurrency cannot replace conventional money, because cryptocurrency should be recognized all over the world, but this will not happen, but if you think about it, the cryptocurrency will develop, and there is no need to postpone the fact that cryptocurrency is the future, and I continue to invest in promising #swachhcoin projects. The project will pay people for their trash. At the moment the bonus is 25%, you can buy coins until mid-December. I advise you to see the project.
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However, I am not sure bitcoin will be more useful than fiat in real life use. Bitcoin seems to have its own sector in digital investment. While Fiat is used for many payment purposes and It is also proven as the payment instrument for all the time.
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That won't happen as long as there are banks that manage the payment system using fiat, crypto is good to use because they are very safe I believe that someday Bitcoin will be used as a legitimate payment tool if a country has accepted its existence.
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It will co-exist with fiat the problem with VC is the volatility it will never be a global currency the adoption and the authority is one of its barriers
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I think crypto money and fiat money are very important for life in society, both of these money will live side by side, fiat money is very important for daily transactions and crypto for shopping online.
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Maybe one day yes. But I don't think we will see those days in the near future. It is kind of a war between banks and blockchain since they both try to eliminate each other.
I believe some bloodbath days are awaiting us in this war. I hope blockchain will win.
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Money will still be used and will not be abandoned, although bitcoin is becoming increasingly popular but to meet the needs of paper money will still be used.
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I think this makes it difficult to answer because in the future bitcoin will get an effect for the entire country, both negative and positive effects, but I use more legitimate money for my country
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It will co exist with bitcoin because fiat is necessary to determine the value of bitcoin and bitcoin is necessary to made fiat more interesting in crypto evaluation.
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Although bitcoin is becoming increasingly popular but to meet the needs of paper money will still be used. Money will still be used and will not be abandoned.
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I think bitcoin will never stop depend on fiat currency.
Because thats why bitcoin born and thats sure Bitcoin will be independen ever.
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If cryptocurrency will officially become a global currency, of course bitcoin will no longer depend on fiat currency. However both of them will continue to run side by side because fiat currency's the product of the pride of each country which's impossible it can be eliminated just like that.
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Maybe it will work. Bitcoin will be free from fiat money if Bitcoin can be used to its full potential and that uses many people and many people in this world. So in my opinion Bitcoin if it doesn't depend on fiat means that the main goal of Bitcoin as digital money and replacing Fiat can be achieved. Hopefully the future can be quickly achieved.
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It will just co-exist with fiat. Bitcoin is unstoppable same with fiat as it is continuously growing in every day basis. Bitcoin will probably be the mainstream of business payment or whatever transactions. Bitcoin will be the basis.
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I don't think there will be any time bitcoin will stop depending on fiat.