Cryptocurrrency vs. Fiat currency

[Flash009 345]

Cryptocurrencies are changing the way people perceive money in a financial way, many view that Fiat Money has already been digitized as they create all the options that are not involved with transfers, card payments and physical payments, but this will probably continue in the future. There is still a long way to go. 

[Sykkuno 2887]

20 minutes ago, Danylo600 said:

Well in my own oppinion I would love to see a day when cryptocurrency would take over as the major means of transaction over fiat currencies such that transactions would be faster and more simpler without having to involve banks as the middlemen as it's  decentralized  

This is the point we all are trying for, it is not just up to the projects and the cryptocurrencies, it is the community that should decide to use crypto for being decentralized give us power, yet there are these crypto cards that make adoption mean something else and not just have to rely on one third party but on multiple.

[Alsh9 1007]

Everything is possible in the future. We cannot predict what will happen in the coming days. Digital currencies may be in addition to fiat currencies where you can use whatever you want from them. I hope that digital currencies will become an essential thing in the near future.

[Naylor89 1223]

I think that cryptocurrencies will kill Fiat money. If people want something better and more efficient than Fiat money which do not have to carry all of the time and have access to, then cryptocurrency will be a proper option for them.

[Braulio Eurea 720]

It is difficult for cryptocurrencies to replace the fiat money that countries issue, because countries control fiat money and do not control cryptocurrencies, countries need to control and regulate cryptocurrencies to adopt it as money, and on the other hand cryptocurrencies would lose their It is essentially a private initiative and is decentralized, the opposite of fiat money. Each country controls its fiat currency with cryptocurrencies, there is no control, so I do not believe that countries adopt cryptocurrencies to replace their currencies, what if it can happen is the coexistence between both currencies.

[godislovefll 1880]

On 11/7/2019 at 6:04 AM, Ritchie said:

Can cryptocurrency ever replace all currencies in all countries? And what will happen to the world if thats gonna happen

I think that this will happen and when it happens maybe many countries have their own cryptocurrency to support their own country and it will not depend on current cryptocurrencies and this in order to be able to give value to their own projects since many countries are already creating their own cryptocurrency today and this will possibly be the case for all countries.

[yulitzacalvete 1366]

On 11/7/2019 at 6:04 AM, Ritchie said:

Can cryptocurrency ever replace all currencies in all countries? And what will happen to the world if thats gonna happen

Of course this will happen one day, because cryptocurrencies give much better benefit and we already see many countries creating their own cryptocurrency and also banks and large investors and this motivates and determines that we are soon to see cryptocurrencies being accepted all over the world.

[Roman Wickler 1021]

It might happed in future. But for now it is impossible. There is no chance that cryptocurrency replace all other currency of the world. Because there are many countries which don't accept cryptocurrency and many people don't know about cryptocurrency. So it is impossible. But world is getting modern. So in future it might be possible. 

[DC71 169]

I don't think cryptocurrency replace fiat currency because fiat currency have their own importance and they have good place in financial world system. Crypto currency is not accepted worldwide and  not legalised. Maybe there is a chance that cripto currency used more increased and they will be legalized but I don't think there is any chance that  cryptocurrency replace fiat currency

[koynayak 1923]

No, i don't think it's possible, at least in the near future. Fiar currencies are older than crypto. Crypto just a baby right now and it needs to adapt our world widely, so we can discuss about this subject. Crypto usage can increase year by year but crypto still needs more time .

[Mir Hamza 2888]

It can never happen that cryptocurrency replaces real currency. Just as many people are joining cryptocurrency and trading and investing here, so the future of cryptocurrency is very bright. But it can never happen that cryptocurrency replaces real currency. Yes, it will definitely happen that cryptocurrency will become very common in future as many people like to work on it, it will be very bright in the future. 

[ZAIN13 237]

The currency of an entire economy cannot be exchanged for crypto as a medium of exchange between people that is only controlled by supply and demand.
Thus the economy of an entire country will be at the mercy of the bitcoin whales because they can easily raise or lower the price when buying or selling Bitcoin in large quantities,
Ordinary money will still exist among people, perhaps in the form of digital money.
Crypto will be one of the many methods used in the future.

[JesusFries 1958]

It will never happen mate, fiat has a great role in the world and it cannot replace by cryptocurrency, at first cryptocurrency has no physical coin which we can used to buy some things, if we turned it digitally, there's a lot of people who are not having some gadgets to purchase some things that we want to, so fiat currency is very useful for us.

[Jack764 1841]

That dealing only with cryptocurrencies becomes difficult and almost impossible, so there must remain something tangible, unless dealing in cryptocurrencies is universally accepted.

[scofield64 943]

Cryptocurrencies can never replace all fiat currency in the world. Cryptocurrencies is an online currency while fiat is physical currency both of them have different rules to play. Not everyone knows how to use cryptocurrencies. 

[milyapsak0901 693]

We shouldn't compare crypto with fiat currency. Crypto history is around 10 years but fiat currency history is hundreds of years, that's why i don't think it can happened near future, but everything can  happened if crypto start to became more popular it can happened couple  years later.

[Sayed28 563]

It srely cannot. But it will surely affect the economy of every country. Every country need some fiat money to run its economy. But crypto is also making its way to the world economy. Its slowly gaining its place.I think in near future both of them  will work together and create a new world.

[korobi909 193]

I think Fiat makes our world balance while crypto in the other hand makes another currency and it's by form of virtual and doesn't have the qualities to be the main currency of the whole world. So having those two separate from each other will be the best possible to happen in the near future.

[kumkum444 142]

If crypto currency get acceptence in all countries that will be great but i don't think it will ne happening any sooner. Gobernments are afraid to acceot crypto because it is decentralized and controlled by its user. Where as fiat currencies are centralized and are completely under control of governments.

[Sir Lyman 399]

Crypto currency is the new technology into our own modern century while the fiat have been in existence before the coming of crypto currency and I don't think it can replace fiat currency now but it also playing it role in our lives.

[Farukatie 1271]

No dear friend Fiat currencies will never be replaced by cryptocurrencies I know that cryptocurrencies has a great impact on the world and it is a very popular and powerful currency but fiat currency is the basic need of everyone because many of the areas in the world are without internet facility and they cannot access digital currencies that's why frequency is also must both of these currencies have their own advantages and disadvantages and we need both of them to survive in the world.

[Silwester_888 439]

No it is impossible that Fiat currencies will replace cryptocurrencies. Number of People around the world still taking these currencies as suspicious and not willing to deal in it. Because of its virtual existence they think these currencies are fake and this is the main reason behind this impossibility. And still number of cryptocurrencies are illegal in many countries.

[Ahmdoof 59]

I do not expect cryptocurrencies to become the place of paper currencies, but they may become synonymous. Many countries are thinking of creating their own cryptocurrency, and this is what helps the official cryptocurrencies in the rise from the market of rebound and stability of the exchange rate

[Mishi Lorana 717]

On 11/7/2019 at 3:04 PM, Ritchie said:

Can cryptocurrency ever replace all currencies in all countries? And what will happen to the world if thats gonna happen

According to my opinion and my thinking cryptocurrency will never get the place of fiat currency. Because cryptocurrency is the most secured currency and if it converts in fiat currency it's security will become risky. And the investors don't want to do this.

[Mariya512 178]

every other country, straight off fiat must have changed n't seem in element but additionally palmy electronic cash.  many more classes assume attained will have a central effect, excluding I suppose supposing that is doing, it is going to not seem have grouped a huge impact.