How will the live without fiat money?

[Xisadu]

I think the whole world is shifting towards automation and digitalization. Digital currency will overcome the currency notes sooner rather than later. The decentralization of the currency is quite important for the well-being of this world. What do you people think in this regard?

[Stuart]

A very nice question made here, if there is no more power supply in the world or country as the case maybe, there will be a great disaster all around the world, and bitcoin will/might even be the list problem to be look at, as lots of things/people will die and destroy. The world is developing to a technological place and light is a vital equipment for the development.

[megusen]

Nothing like this will happen. Each country has its own law on money circulating in its country. It seems that it will be difficult if there is a world without FIAT money. People will be free to buy goods from abroad without tax

[Prime]

There is no problem if there is no fiat. As long as we have gold coins as money, life can continue without problems in the financial sector. In ancient time, there was no fiat, but people can live with coins. So, don't worry. 

[mimikri]

There is no problem if there is no fiat. As long as we have gold coins as money, life can continue without problems in the financial sector. In ancient time, there was no fiat, but people can live with coins. So, don't worry. 

Why do some people worry about the world without fiat? It will not happen in the nearest 30 years, and I guess, other problems must be raised. Traditional money is not going to vanish, even when too many people use crypto.

[Dprincebh]

Hehehehehe, this is such a hot question. Imagine peoples transaction within each other through Bitcoin address. Firstly it might be hard for them to even stored their Bitcoin address off hand, one fucking mistake your money is gone, there is no way of confirming who owns this address. Secondly people like transacting physically within one another using cash because not all people are computer literate. Living without Fiat computer could be a natural disaster. So Bitcoin just have to be a support to the Fiat currency

[slowhand26]

not possible and this will just create confusion to people.

[Fionn]

i agree with most. fiat isn't going anywhere, not for another decade. what i am hoping is, crypto and fiat going hand in hand in the near future, that might be a possibility for now.

[Elaina]

If bitcoin will be a main cryptocurrency to purchase goods, food and money. I still believe fiat will also remain because we can not fully dependent on digital payments we need cash as well in our hands for emergency as we all know everytime we are not able to use our netbanking or Atm/CC so cash is also a part of Fiat. If you say only bitcoin is available for purchase anything then I believe there must be some offline options too in case of no electricity.

Same and i don't think cryptos will be able to replace fiat completely

[Busher]

so it’s possible that soon, many countries will start working with cryptocurrency.

In the future, most countries will likely use Internet currencies. Since in the future it will become more convenient physically. But it also depends on the stability of the cryptocurrency. If she jumps more and more often, then this will not lead to anything good. I think)

[Danus]

without fiat money, it seems to me now it’s very difficult to live, there were even such experiments, I think everything will change in the future and we will begin to live differently

[TonGlor]

without fiat money, it seems to me now it’s very difficult to live, there were even such experiments, I think everything will change in the future and we will begin to live differently

I agree. The cryptocurrency rate is not stable, so now only fiat

[Leonardo]

Look at what the Chinese are doing with their QR pay and you'll see cashless society is not that difficult to achieve. Of course there's still fiat use here and there but it's a typical model of non fiat world. It's very simple. Everything is proceeded via QR payments, using a smartphone.

[WhiskeyHoney]

I would probably be able to imagine the world without fiat money if cryptocurrency wasn't this volatile. I see the main problem in it. Like, will the prices for products/services change every 5 minutes? That's just impractical. I don't think the main purpose of cryptocurrencies is to replace fiat money, tbh

[Sue]

I would probably be able to imagine the world without fiat money if cryptocurrency wasn't this volatile. I see the main problem in it. Like, will the prices for products/services change every 5 minutes? That's just impractical. I don't think the main purpose of cryptocurrencies is to replace fiat money, tbh

I agree with you. The purpose of inventing cryptocurrency not to be replaced fiat money, but to develop and improve more the use cases of fiat money.