Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: yousufatik20 on December 03, 2018, 10:08:18 AM
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if i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?
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if i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?
Their is the possibility bitcoin became a future currency. We are using some online wallet to pay a bill ,in future we will use bitcoin wallet for the transcation. If that happens, you no need to stay in a line to withdraw our money. The time to transcation will be very low.So the people automatically start to use bitcoin in future.
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if i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?
Yes we can see that their are different altcoins but we cannot say they are transerable into real money though they can be change. The future of real money would exist and it would not fade but it will be lend a hand by the cryptocurrency that can be use as a money to do any transaction.
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if i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?
I think It will take several years again. Altcoin will be the future real money. I always believe it. It will happen soon.
Digital era will come.
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I think we'll see a double system. I mean fiat currencies which they are centralized whether it is still digital or not will be still in use but use of cryptos will be more. This process may take a few decades. People have habits and we should not except to change these habits in a day
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The future of real money is still bright and clear due to fiat massive circulation all over the world. That is how strong and great fiat is because of the people choice to choose money.
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if i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?
Of course, it may happen that in the coming years there will be convenient tools for paying with cryptocurrency, but it will most likely be digital analogues of Fiat money or tied to real values, such as gold. Bitcoin will also be able to pay, but I don't think it will be chosen by many people or business if it has such a high volatility further.
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I don't think we will use cryptocurrencies completely. It is so hard to happen. FIAT money is always acceptable. It won't change easily.
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No, the usual currency should not suffer due to the emergence of a large number of altcoins. This money has too little influence on each other. If the cryptocurrency will only go along with the national money of the states, then it will have a positive impact on the economy of a particular state and on its national currency. But it cannot be otherwise. Cryptocurrency can never replace the usual currency of the state.
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Crypto currencies can be the alternative payment instrument, but we still need Fiat for the main payment instrument. We always need Fiat because it has been proven for long time and it is also most effective to use for all countries around the world.
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Technological advancements make everyone not want to be difficult when making a payment transaction. We don't need to queue up and bring a lot of money to transactions when using crypto.I am sure someday crypto and fiat money will be legal and shared for the payment system.
Without reducing existing fiat money inventory
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Actually, virtual money is already active in some advance countries with regards to cryptocurrencies system. More years from now probably virtual currency will be legally all over the world.
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I think this is where we are headed, now we can see online payments and transactions being done around the world and this is now something that is not new to everybody. So I think, as a new era of technology is coming, so as the new era or method of transactions are coming along with it, and I can say that it is so much better and convenient.
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what do you mean with virtual money payments?? do you think fiat money is real? ;D
that is the most common misconception...
the payments made using digital money are growing rapidly... 2019 promises to be the year of regulations and 2020 promises to be the next bull run... after those are done, I think fiat money will have a weaker position...
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the need for the internet and the digital world is increasingly widespread and many real-world activities continue to be facilitated by the application of the digital world, this will encourage crypto to become more known and useful to us, where the use of fiat will be reduced further replaced by cryptocurrency
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I think it could be possible and it is slowly happening right now. For example, popular Spanish restaurant chain has announced last time that they'll alow to pay via bitcoin (more about on spam blocked b (https://www.spam blocked b/food-or-crypto-spaniards-choose-both/)). There is more and more situations like that one nowadays and every one of them is getting crypto closer to be accepted as real money by world majority.
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I am sure that if everyone is comfortable using the digital currency as a payment system in their lives, they will slowly leaving money fiat. But if talk about cryptocurrency as money in future I was a little hesitant to ensure that this would happen because the government is against cryptocurrency.
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i think the traditional money will still alive, but the digital money will become a future, because these benefit that they are creating and help us with safe tranfer and holding money
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In my little opinion I think the both currency are essential, and they have some role to play to make things work out well in our society, the usual money can not be eliminated just like that, the Government will disagree with that. The both are good let keep using it.