Fiat Money vs. Cryptocurrencies

[Migo 7946]

Everything has his advantage, fiat currency cannot be replaced by cryptocurrencies in the future, no matter what happened, both of them have his own place to use, they are not the same in somethings 

[Riri07 25]

On 10/15/2019 at 11:46 PM, jak3 said:

I do support both the systems because both of them have negative and positive sides. Example of cryptocurrency market are being controlled by the Whales, and downside of the government money is that anyone can create it even if it does not exist in the economy. We have credit cards which allow you to make money from thin air even if Bank do not have that money.

I agree. It has many advantages and disadvantages in both currency, but for me, I will not vote whether its fiat or cryptocurrency because they are both good in community who are using it.

[on1k3n 470]

On ‎10‎/‎13‎/‎2019 at 12:24 AM, Saoha said:

We cannot deny the advantages and popularity that cryptocurrencies are. However, it has not been accepted by many governments in other countries. Why? Because it affects currency. It will make the government unable to control domestic finance.

The Government hates cryptocurrency because that would make them poor. If you get rid of fiat currency, they have to start all over again, and they don't want to do that. I'm sure all those politicians, Presidents, and other

Government officials have cash stashed in bank accounts over seas.

 

They would have to relearn how to deposit Bitcoin, they would have to learn the lingo, and they just don't want to do all that work. I don't think that they hate Bitcoin, but they do hate computers, so Bitcoin gets the short end of the stick. 

[Rg123 318]

As of now, we used fiat money for buy some crypto coin in the market but there has some taxes ghat we will paid, if we used crypto coins ecample bitcoin to biy or paid some things, we dont need to pay some taxes of it because this is a decentralized network, no one can manage this coin.

[khan22 3478]

On 10/24/2019 at 2:06 AM, sashimidore said:

Crypto and Fiat also have disadvantage.
Crypto is good if have decentralized. So no one can control it like adding more supply, deleting people address,  change balance, etc.
Different with Fiat, it have central bank.

Fiat money is important in our life as like crypto both are important. Crypto is the business and its a large business in the world and so many peoples will invest in it but as we see fiat money will use every where at any place but crypto will just use in same coin wallet not like fiat money.

[myaccount1 584]

I think if we store the fiat money in our home then it will be very difficult for us if these amount is large amount of money and if we have alot of money and if we save it on bitcoin then it will be very easy to store it on the large amount of money.

[Sahbana 212]

Cryptocurrency is controlled by popes, fiat money is controlled by central banks. So both currencies are equally controlled by the holders of control. Just how we can make the most of between cryptocurrency and fiat money.

[Nurul Huda 944]

On 10/13/2019 at 2:11 PM, denaks said:

At the moment, cryptocurrencies are a tool for speculation. You can say anything, but in fact it really is. To understand this, you do not need to be a major specialist, just look at the charts of courses that show both UPS and downs.

Your opinion is good and I like your opinion.

Before you act further you need to understand the course graph that shows the UPS and falling prices so you can think about understanding further so you can choose and achieve what you want.

[pangitmo 186]

Fiat money and cryptocurrencies are two different things. You use them differently. Fiat money is more acceptable than cryto because some countries probihited it.

[Sumayya 493]

Crypto will be accept in the long run, when it got accepted it will be accepted wordwide, each of them has their difference but that wouldn't stop one another

[Jimmy 437]

Very informative post! Indeed Cryptocurrencies are not backed up by physical but have other advantages, namely a monetary system that is decentralized and gives everyone the freedom and transparency that is a problem in fiat.

[ultimateclub 392]

Fiat money reffers to physical currency which is regulated by the government of individual country. Crypto currency can be defined as the digital currency which is out of control from any governmental regulations. We can invest fiat on crypto to earn profit.

[aqua 773]

11 minutes ago, Warrior said:

The money we are using is Fiat currency and this is the accepted currency for all over the world. Yeah for this reason we all like crypto currency

That is because we still use fiat in all aspects, including to pay something in real life. While the cryptocurrency is not yet accepted in all countries, we could still use fiat money and wait for the time for the country to accept cryptocurrency. I am sure we can use both fiat money and cryptocurrency as the payment system. I am sure that people who have cryptocurrency will feel happy if they can use crypto for making a transaction, and they can use both in real life and online life. Right now, we can spreads more about cryptocurrency in our place so more people will know and use crypto.

[Afrizal rahman 2636]

Yes the difference between fiat and cryptorency currencies is very different. crypto has a limit while fiat is money that is indeed needed for or often used in every country. crypto is digital while fiat is paper.

[Yanadia 1517]

The reason is the lack of socialization in the digital world about cryptocurrency and knowledge. About the digital world today.  A system that is difficult to understand for some lay people problems.  Social media. Only give negative news without thinking for the common good.  But their own interest is not for socialization it also prevents people from getting to know cryptocurrency but I am sure now.  Even though in the village as sepeyi, I only left bwrita and knowledge about cryptocurrect has started to enter and there are many enthusiasts.  this is good news for the world. cryo and us all in the future.

[gigabyteRTX 1583]

In reality, of course, we still need fiat currency in our lives because not all the time, cryptocurrency, y or digital money can function adequately, so in case fiat or physical money is in need of the transaction and paying bills. But for me, if possible, cryptocurrency will become the future of currency in the world, and based cryptocurrency projects can be invented and help people's lives. So if I to choose fiat or cryptocurrency? Well, it depends on the currenct time and situation.

[Saifchy 94]

We cannot compare this both currency. As we know fiat money are controlled and depend on government of a country.On the other hand crypto currency are depends on fiat money.

[Fatihgani12 348]

fiat is regulated by banks and governments while decentralized cryptocurrency everyone has the right to participate in monitoring and trading therein. like that which I understand and conclude.

[Cryptominded 704]

42 minutes ago, Abbas Khan said:

Fiat Money Era is going To End day by day. one day will come that Fiat Money will be vanished from the earth and digital currency will rule the world Economy

I really do not think that is going to happen because  cryptocurrencies alone do not have the full capacity to drive the financial sector. Rather they can co-exist and bring out the best in each other.

[guatazoo 7150]

Let once again be real here, I love bucks I love holdng them putting them in my wallet etc. But if a new tech wants to take over I'm down to it.

[bliznec 22268]

Of course, this will continue until Bitcoin is accepted as a means of payment. It will take some time for Bitcoin to stand on a par with fiat. 

[tienda 8776]

Yes and you are right about, I think the difference between Fiat money and Cryptocurrency that one is physical other digital and the crypto digital the transaction is more faster than Fiat transaction online. But I think in the future they will work both one for physical transaction other for online transaction.

[Jokeer 648]

Fiat currency is stable which controls by the government where if anyone using fiat currency in illegal activities they can be traceable while Crypto is not.

[cryptozalmii37 257]

Superb great knowledgeable and informative article i love to read this article keep it up buddy this is great platform to share such informative articles

[Benjamin 84]

Fiat money is a money we are using today and this is tangible, it has a physical money unlike cruptocurrencies, cryptocurrencies have a no physical coin, crypto is a digital currency that are runs through network by the help of the internet.