How will the live without fiat money?

[Niteroy]

In the next few years, fiat money will not disappear completely, as it did not disappear with the advent of plastic cards, they just take their niche and will be used in parallel with cryptocurrencies. Not always and not everywhere there is an opportunity to send Bitcoin to another person to the account, not everyone has a smartphone and not everywhere there is a stable access to the Internet. Therefore, cryptocurrencies will force out fiat money gradually.

[RapidRabbit]

I think it won't be so different than living with buying/credit cards, but we will have cryptocurrencies instead of fiat money. There are already many places where you can pay with bitcoin, many currencies have their own chains of products available only for this coins, like for example FuturoCoin, which have their own chain of restaurants

[Ghozrd]

Technology can make people easy to do everything. Fiat has long been used as a payment transaction system and is running well to date.
Bitcoin was only introduced in 2008 and received a good response to the transaction system. I think Fiat and Bitcoin will be used as legitimate payment transactions in the future.

[DAMKAR]

I read a lot of different posts in this forum about when cryptocurrency replaces fiat money, and thinking about it I had more and more questions about how the world will work without fiat money. And some questions really bother me, as I still do not see any obvious answers to them. Suppose that Bitcoin has become the dominant currency in the world and all other currencies have simply disappeared. What should people do if in the event of a cataclysm or natural disaster people are left without light? Moreover, whole cities and regions may remain without light. Suppose that the light in these cities can not be restored quickly. How will the purchase of goods, food, money transfer? Or another situation. The world accepted Bitcoin as the main cryptocurrency, miners pooled and formed a monopoly syndicate, and raised fees for transferring funds. I do not know how technically possible this is, but this question worries me. If you have answers to these questions, I will be glad to hear them.

At the coming future I think It will happen.  The live without fiat money,  because  I think It will be digital era.  Lets see.

[Bica]

I don't believe it's possible in the nearest future for crypto to replace fiat money.
There is still a great persantage of people who don't use digital products.

[Rafiq]

I think it will not possible in the nearest future. Without fiat money it will so difficult this generation. It can be possible future generation when everything will degitalized.

[Moshaid]

This is a serious issue and am glad someone could bring it up. Even if the whole world accept bitcoin as a means of payment I don't think fiat will go into exit. Rather they accept bitcoin as secondary option. Regarding natural disaster which can damage light I see this as one of the reason why the cold wallet has been invented. Which means no matter where you go their will still be a chance if seeing light in a community but there might not be good internet.

[Fenix]

I think it will not possible in the nearest future. Without fiat money it will so difficult this generation. It can be possible future generation when everything will degitalized.

No, paper money of the states will exist as long as there are different states with their own political, economic and other interests. And since world peace will not be soon, the paper money of the states will remain for a long time.

[I-Bit]

If people live without fiat money, it should be the era of all modern technology around the world has been reaching until the low society in worldwide. We are talking about all the people in the world, so many differences. That is why I don't think that it will happen in short years, probably in 50 years later, who knows?

[Nolkupit46]

Crypto currency and fiat money both is very much important and effective in our daily lives. We cannot pass a single moment without cryptocurrency and fiat.

[Noverteno]

That is why the paper money of the states will not disappear. The world can never switch to the use of cryptocurrency only. States will never give up their national money. Therefore, you can calm down. Cryptocurrency has never set as its goal the crowding out of ordinary currencies.

[Senin]

That is why the paper money of the states will not disappear. The world can never switch to the use of cryptocurrency only. States will never give up their national money. Therefore, you can calm down. Cryptocurrency has never set as its goal the crowding out of ordinary currencies.

I agree with your opinion. Paper money will not disappear anywhere. Some highly developed states may try to do this, but I am not sure that something will work out in them. I heard that this was stated in Sweden. However, it can be said that in the vast majority of countries, paper money will still exist for centuries, and then no one can foresee.

[kreiskleidolon]

Yeah ....that the question i been thinking foe 24 hours  and thanks for the answer .... We can live by trading ..or some other facts giving and helping each other we do not need money to live we just need food family and happines

[mimikri]

That is why the paper money of the states will not disappear. The world can never switch to the use of cryptocurrency only. States will never give up their national money. Therefore, you can calm down. Cryptocurrency has never set as its goal the crowding out of ordinary currencies.

I agree with your opinion. Paper money will not disappear anywhere. Some highly developed states may try to do this, but I am not sure that something will work out in them. I heard that this was stated in Sweden. However, it can be said that in the vast majority of countries, paper money will still exist for centuries, and then no one can foresee.

Fiat will be always needed. I do not see any reason even to start thinking about the time when it vanishes. Traditional money will peacefully coexist with the cryptocurrencies, do not worry.

[Pififop]

Well, the very first thing that comes to mind is a paper bitcoin wallet, yes, it exists. Well, I don’t think that the real currency will ever disappear, since this financial system is very strong.