currency Confrontation and Transition

[Keith700 1885]

There are places where you can observe the contact between fiat and blockchain in real time, but it is only a matter of time for blockchain to step on physical money.
The two different approaches to monetary control: between old and new power structures. And, where these two meet, overlap, mix and compete is where the real action is.
When it comes to new blood, it is there where the mosquitoes run! Each country prints its own money, is literally controlled by five or more families that monopolize power.
With cryptos it is totally different, diversification is on par with you.
Blockchain and fiat are not compatible, only one will remain in command.

[starwalkerz 164]

In my honest opinion, while there might still be some confrontation between the worlds of cryptocurrency and traditional finance, the focus is probably going to shift towards collaboration due to the fact that the both need new resources for sustained expansion.

[Thekingcallme 1975]

There will be a big showdown until cryptocurrencies impose themselves and be with traditional payment methods

[andrehol 16294]

The fight has already subsided. And cryptocurrency and fiat are equally necessary for the modern world. Even in countries where the national currency is weak, cryptocurrency has not supplanted it.

[Keith700 1885]

On 10/21/2019 at 2:32 AM, Crazyjesus said:

I think that in the medium term the two trends will always be present but in a tug of war that regulators and central banks will dominate at the moment.

It wouldn't even be surprising if they illegalize many crypto initiatives.

Appearance of crypto currencies appropriated by large corporations and states that want to save their fiat money will also be centralizing forces, but their incursion in cryptoworld will only reinforce the new phenomena.

In the long term sure both will coexiste but we don't know what will prevail, I hope it will be the spirit of Nakamoto.

It is interesting to read that of coexistence of fiat and crypto, it may be possible as well as not, note that governments and large financial institutions have put FIAT / CRYPTO as a very peculiar way, a bit of exceptions in the movie and it is because This is how they felt like it, but it is not the duty to be, coexistence of these two models, yes, it is happening but only one will prevail, in everything there is always one but not two.

Edited November 3, 2019 by Keith700

[Naga 1250]

On 10/21/2019 at 8:18 AM, starwalkerz said:

In my honest opinion, while there might still be some confrontation between the worlds of cryptocurrency and traditional finance, the focus is probably going to shift towards collaboration due to the fact that the both need new resources for sustained expansion.

As I said before crypro would have no problem working with banks and assist with many issues but its banks that don't want the attention and investments shift from them to bitcoin which is why bitcoin keeos growing and banks will soon be forced to give in.

[Crypto123 0]

I think the future is a blockchain and cryptocurrency and this is very clear, this is what Satoshi wanted from creating Bitcoin is to end this old system and monopoly of money by Fiat. Now the situation is different and the financial system is open by blockchain.

[bliznec 22267]

Cryptocurrency and Bitcoin are freedom of action, everything is disclosed and clearly shown. Many understand this and are only beginning to delve into the essence of the matter today. 

[iloveyobit 6599]

Yes indeed, the blockchain and the real money are not connected and only one of them will remain in the not-too-distant future, all of this will be decided by the world and the people who live in  it.

[Casinoval 330]

Well crypto currencies will win the battle in the end, Flats will eventually get obsolete and Bitcoin will Triumph over flats, the transition is coming soon.

[Roomi 1119]

On 10/21/2019 at 11:15 AM, Keith700 said:

There are places where you can observe the contact between fiat and blockchain in real time, but it is only a matter of time for blockchain to step on physical money.
The two different approaches to monetary control: between old and new power structures. And, where these two meet, overlap, mix and compete is where the real action is.
When it comes to new blood, it is there where the mosquitoes run! Each country prints its own money, is literally controlled by five or more families that monopolize power.
With cryptos it is totally different, diversification is on par with you.
Blockchain and fiat are not compatible, only one will remain in command.

I believe that one day fiat will shake hands with blockchain technology. As we see that china dont accept bitcoin but they adopt blockchain technology to create their own currency. So if this is done that fiat merged with blockchain technology then it will play a vital role in digital economy.

[Amirul Islam 382]

On 10/21/2019 at 12:15 PM, Keith700 said:

There are places where you can observe the contact between fiat and blockchain in real time, but it is only a matter of time for blockchain to step on physical money.
The two different approaches to monetary control: between old and new power structures. And, where these two meet, overlap, mix and compete is where the real action is.
When it comes to new blood, it is there where the mosquitoes run! Each country prints its own money, is literally controlled by five or more families that monopolize power.
With cryptos it is totally different, diversification is on par with you.
Blockchain and fiat are not compatible, only one will remain in command.

In this time many country didn’t adopt blockchain. But some countrues adopting. I think in future whole world will adopt it and the fiat currency will vanish. 

[Cryptotakl1 0]

I think this concept of currency of fiat and i think we should not try to down one for others popularly .that the mutually requirement new wealth for sustained expansion 

[Cryptotakl1 0]

While is the place where you can difference between the world of crypto currency and fiat will support the existence of crypto currency as an investment asset 

[bentayebsalah 2280]

On 10/21/2019 at 7:18 AM, starwalkerz said:

In my honest opinion, while there might still be some confrontation between the worlds of cryptocurrency and traditional finance, the focus is probably going to shift towards collaboration due to the fact that the both need new resources for sustained expansion.

Yes, your words are correct. It is good to cooperate and union between the FIAT currencies and the cryptocurrencies, and this will be better for both parties instead of the competition

[Nayan deka 317]

Yes  i certainly agree with your statement as it makes total sense that  cryptocurrency and fiat currency both intersec each other's path in many ways. Hope bitcoin gets its physical currency soon.

[Opinder 1310]

On 10/21/2019 at 11:45 AM, Keith700 said:

There are places where you can observe the contact between fiat and blockchain in real time, but it is only a matter of time for blockchain to step on physical money.
The two different approaches to monetary control: between old and new power structures. And, where these two meet, overlap, mix and compete is where the real action is.
When it comes to new blood, it is there where the mosquitoes run! Each country prints its own money, is literally controlled by five or more families that monopolize power.
With cryptos it is totally different, diversification is on par with you.
Blockchain and fiat are not compatible, only one will remain in command.

You said that in fiat currencies money controlled by five or more families that monopolize power. If you see samething is happening in crypto. There are people who has huge amount of coins they drive the market as per their choice. Crypto also effected by monopoly. 

[Interface User 1070]

For me this two system is cannot be mixed or fused to each other because of different purpose and movement but one thing for sure this two kind of currency will still exist in the future because they're need by the people in different ways.

[Captain Karim 0]

Yes, I agree with you, paper currencies and cryptocurrencies differ a lot, paper currencies can be counterfeited and kept in banks and under the control of bank owners while cryptocurrencies cannot be counterfeited and kept in a personal portfolio, but I do not think that one of them will cancel the role of the other in society through The next few years.

[Shaza Ahmad 1682]

What also taught us that these five families do not own the majority of bitcoin also, and that they have 15 million bitcoins. We have heard that the specific reasons for the decline is the sale of 13,000 bitcoins in the market, this act was done by the fraudulent company Plus Token, if someone dumped the market with one million bitcoin. what shall we expect?

[Whited35 15285]

So fiat currencies and the cryptocurrencies are not the same at all. There are some remarkable difference. When we want to make an exchange of the crypto against fiat they meet with each other on the exchange but still the operational system differs from each other. 

[rianpedia 816]

7 hours ago, hassan7200 said:

In crypto currency when we transfer any crypto coin from one wallet to another then each transaction takes some confirmation and after these confirmation transaction will done.

Like 2-step verification, to better ensure that it is correct to send to the appropriate wallet address. It's like taking a fiat currency in an ATM country.

[tienda 8776]

I think the confrontation is still started from the day where the Bitcoin boom start means from 2017, but the winner is cryptocurrency because every day more people attracted to it, so if there is any transition will come from government to protect their fiat money.

[CryptoMaxim 3829]

It's so early to talk about it. Whether Fiat stays or not. Fiat will always be the same physical unit. And cryptocurrencies are alternative digital money and a tool for earning money.

[jacker 1095]

Cryptocurrencies and blockchain are the future. fiat is traditional, I think cryptocurrency will be added as a new means of payment, which will be 2 parallel payment instruments. Cryptocurrency development and technology is indispensable