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Author Topic: Cryptocurrency or Fiat.What wins?  (Read 6313 times)

Offline Prime

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Re: Cryptocurrency or Fiat.What wins?
« Reply #60 on: November 01, 2018, 03:26:24 AM »
I think both of them have their advantages. Fiat money has become the official currency in a country. and I think to replace completely is a difficult thing for cryptocurrency. we can use cryptocurrency to make a profit.
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Re: Cryptocurrency or Fiat.What wins?
« Reply #60 on: November 01, 2018, 03:26:24 AM »

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Re: Cryptocurrency or Fiat.What wins?
« Reply #61 on: November 01, 2018, 04:49:55 AM »
For the current conditions. Still fiat money wins than Crypto. Because still 95% of the world community still uses fiat money rather than crypto. I think Crypto is still far behind Fiat and will take a long time to be able to defeat Fiat in the future. With current technological advances, it will be easier for Crypto to be introduced to the world community. this will affect the usability of crypto for fiat users.
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Re: Cryptocurrency or Fiat.What wins?
« Reply #62 on: November 01, 2018, 05:00:26 AM »
I believe cryptocurrency will be the winner in the future, although it will takes long time until it will happen because when the cryptocurrencies to be money for daily transaction fiat money will be died, the reason for it in the fiat money there is inflation, it can not protect your value in fiat money but cryptocurrencies is deflation (especially the bitcoin) it will protect your value of money in cryptocurrencies.

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Re: Cryptocurrency or Fiat.What wins?
« Reply #63 on: November 01, 2018, 05:14:28 AM »
Actually, between Crypto and Fiat it is different from the world but its function is the same as a transaction tool. But here it still seems to be superior to fiat than Crypto. Because there are still many people who use Fiat more and make it more productive than using Crypto. of course there are reasons such as fear of crying in crypts and so on. So now Crypto is still losing to Fiat. Maybe Crypto's future can be superior to fiat money.
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Re: Cryptocurrency or Fiat.What wins?
« Reply #64 on: November 01, 2018, 05:23:14 AM »
In my opinion it could happen, but for now it seems difficult to realize that, even though the crypto currency offers many conveniences and benefits, but the crypto currency also moves independently, separate from the country's central bank. The virtual currency system works completely closed through the blockchain channel, where crypto users are completely closed. Most countries are also totally tax free and their value cannot be determined by the government. In my own view, it would be very dangerous if the crypto currency replaced the original currency, with prices that could not be determined or were very volatile, would seriously threaten the economy of a country. Cryptocurrency assets are only suitable as investment fields. And if all countries have their own crypto currency, the country should be able to regulate the price, and that is impossible.

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Re: Cryptocurrency or Fiat.What wins?
« Reply #65 on: November 01, 2018, 05:32:12 AM »
I think for now Cryptocurrency is superior to Fiat if seen from a unit of value, if you have 1 BTC then you have Fiat money for $ 6200 BTC current rate. But if there is no Fiat currency I think Cryptocurrency will die there will be no value, so I think the two have their respective advantages.

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Re: Cryptocurrency or Fiat.What wins?
« Reply #66 on: November 01, 2018, 05:47:46 AM »
Fiat is necessary in human lives now and forever. Even crypto will be the most use in the future still I believe that the presence of fiat is there to help crypto system much interesting and better. We cannot exclude any of these because we need both.
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Re: Cryptocurrency or Fiat.What wins?
« Reply #66 on: November 01, 2018, 05:47:46 AM »


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Re: Cryptocurrency or Fiat.What wins?
« Reply #67 on: November 01, 2018, 06:12:54 AM »
I think fiat money cannot be replaced by crypto because people in the country don't fully understand and know about crypto. Cryptocurrency is a payment through a blockchain system that requires an internet network. Meanwhile, peripheral communities do not fully understand the internet and technology. So Fiat is still needed. But crypto is also important to be adopted in a country because it can stabilize the country's economy.

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Re: Cryptocurrency or Fiat.What wins?
« Reply #68 on: November 01, 2018, 06:35:31 AM »
I think for Crypto to win, there needs to be merchant adoption AND people need to have a steady income of crypto coming in. OR fiat currencies like the USD would need to collapse.
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Re: Cryptocurrency or Fiat.What wins?
« Reply #69 on: November 01, 2018, 06:41:35 AM »
In my opinion the Crypto currency will not be able to completely replace fiat money. Because crypto cannot be controlled by the government. Besides that, also crypto prices are never stable, they are very easy to change. so crypto cannot be a one-country currency identity.

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Re: Cryptocurrency or Fiat.What wins?
« Reply #70 on: November 01, 2018, 07:08:35 AM »
 Cryptocurrency  is only 10 years old, and its technology still in development stage.  If you are like me who wants to split bill,  I still need cash in this type transaction. Call me stingy its alright.
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Re: Cryptocurrency or Fiat.What wins?
« Reply #71 on: November 01, 2018, 07:16:01 AM »
A technical and organizational cryptocurrency can never replace fiat with itself. Cryptocurrency was created only as an alternative payment system to the currently existing payment system. First of all, it can not have any interaction with the economy of any state, and this circumstance means that the cryptocurrency will quickly unbalance the economy of any strong state.

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Re: Cryptocurrency or Fiat.What wins?
« Reply #72 on: November 03, 2018, 12:19:54 PM »
Cryptocurrency can never replace the national money of states. It is not technically designed for this. Most importantly, the cryptocurrency can not interact with the economy of the state in any way, as ordinary money does. And without this, any economy of any state will quickly become unbalanced and chaos will begin. If a cryptocurrency as a state’s money will exist on its own, and the economy will exist on its own, there’s no sense in that.

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Re: Cryptocurrency or Fiat.What wins?
« Reply #73 on: November 03, 2018, 03:16:25 PM »
I think cryptocurrency will gradually replace fiat money from the market. To do this, it is only necessary to defeat the centralized services - banks. It will be a very difficult task, but I want to believe it!
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Offline Chomzzy

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Re: Cryptocurrency or Fiat.What wins?
« Reply #74 on: November 03, 2018, 03:59:03 PM »
Cryptocurrency has its own separate function so also Fiat.
I think cryptocurrency could enter mainstream but definitely not going to replace Fiat.

 

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