Dual Money System

[snowpega]

I've also seen that 7% number going around. It's strange to think that 93% of people in the world haven't even touched this. Depending on how you look at it, that's either sad or crazy exciting

Even if we're early, that doesn't mean that fiat will be replaced. More likely, we're moving towards a multilayered world where fiat exists because it has to (state control, taxes, pensions) and crypto exists because it can (for example, mobility, privacy, and efficiency). It's not because it's perfect that they'll live together, but because it's necessary

Yes, it looks like we're early. But maybe we need to rethink what it means to "win" in this time and place. Are we building an alternative, or a parallel? Would love to know if you ever want to live off on crypto alone. Or just use it when it makes sense?

Ok, I agree with you, mate, that fiat will not be removed, but can we say that its use will be less as we will have an alternative to this in the coming time in the form of digital currency? As you also agree that the thing we are entering is the multilayered world, there we will be provided with great security in the digital world as well. The trend has just started, and when the adoption of this becomes more widespread, people will start to rely on this more rather than using fiat currency. What do you think?

I have heard that in a country, people are going to shop for their groceries having no money or no bank cards in their pockets; they just pay payments using their thumbs, and that's all. Now, I don't remember the name of that country. Have you ever heard about this?

[Blaze]

I've also seen that 7% number going around. It's strange to think that 93% of people in the world haven't even touched this. Depending on how you look at it, that's either sad or crazy exciting

Even if we're early, that doesn't mean that fiat will be replaced. More likely, we're moving towards a multilayered world where fiat exists because it has to (state control, taxes, pensions) and crypto exists because it can (for example, mobility, privacy, and efficiency). It's not because it's perfect that they'll live together, but because it's necessary

Yes, it looks like we're early. But maybe we need to rethink what it means to "win" in this time and place. Are we building an alternative, or a parallel? Would love to know if you ever want to live off on crypto alone. Or just use it when it makes sense?

Ok, I agree with you, mate, that fiat will not be removed, but can we say that its use will be less as we will have an alternative to this in the coming time in the form of digital currency? As you also agree that the thing we are entering is the multilayered world, there we will be provided with great security in the digital world as well. The trend has just started, and when the adoption of this becomes more widespread, people will start to rely on this more rather than using fiat currency. What do you think?

I have heard that in a country, people are going to shop for their groceries having no money or no bank cards in their pockets; they just pay payments using their thumbs, and that's all. Now, I don't remember the name of that country. Have you ever heard about this?

I agree with the assumption that the utilization of fiat currencies will likely decline as the use of digital currencies rises particularly if this type of technology gets more popular. It is important to incorporate identity and transactions into a more secure and efficient digital solution, so people are going to adopt this opportunity. However, even if this trend is strong, I think, the Fiat currency will remain in the world, because there are many facets of the economy and society that is still requires it. According to the information above, it can be concluded that yes, there keeping it convenient but the society will need more time to adopt the innovations.

[snowpega]

I agree with the assumption that the utilization of fiat currencies will likely decline as the use of digital currencies rises particularly if this type of technology gets more popular. It is important to incorporate identity and transactions into a more secure and efficient digital solution, so people are going to adopt this opportunity. However, even if this trend is strong, I think, the Fiat currency will remain in the world, because there are many facets of the economy and society that is still requires it. According to the information above, it can be concluded that yes, there keeping it convenient but the society will need more time to adopt the innovations.

Mate, obviously, these kinds of things take time to be adopted on a high-level scale. Other than this, the thing that backs your economy is the reserve assets of the country. That is why the value fiat money system will also be valid, but its use can decrease over time. Although it is the fact that those who will unawre of this digital world at that time will also have to use fiat at that time.

Another condition can be that in case of unavailability of technology, meaning phones and devices, then it is obvious that their fiat can still be used. Well, we all can just assume the coming time that may be valid for coming time or time; this thing time will decide itself. what do you say?