#11
Am not very sure but time will tell its important we wait and see, there is a goal to every new venture and in the end there is always something good that comes from it so we need to look at what is happening, when fiat started we had already had a system that was working but with time, the old system was phased off and the new one was ventured into
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#10
It is possible that cryptocurrency will be openly used globally but I still don't think that it will ever be able to replace fiat. How do you think will other parts of the world be able to access digital coins? It is hard to replace fiat.Originally Posted by Otto619
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#9
No, I do not believe that fiat currencies will be around for ever. There is a gradual tendency towards digitalizing money, veven among the world's central banks. For instance, the Chinese central bank has floated the digital yuan and there are reports that both the UK and Germany are considering taking the same step.
At some point in the future, cryptocurrencies will definitely replace fiat currencies all over the world.
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#8
The economy of many countries is susceptible to online attacks if the fiat currency disappear.
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#7
I believe that fiat currencies will evolve into crypto currencies in the near future. Everything is pointing to that outcome. Given the long-term weakness of the US Dollar, the United States cannot continue to print money indiscriminately. At some point, other countries will have to move away from a dollar-pegged global trade to a crypto-pegged global trade.
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#6
That's true. Let us remember that despite the rapid advancement in the technology, there are still some countries or areas that could not catch up with these innovations. With that, it would be very hard to eliminate fiat currency completely.
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#5
Yes! I can't imagine the world going on without fiat currency. Indeed, there could be more innovations and technical advancements and digital currency could have a wider range of usage; but I don't see it replacing fiat.
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#4
Correct. It would be impossible for the flat currency to disappear. Cryptocurrencies serve only for specific purposes.
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#3
People have been using flat currency for centuries. Some of them don't even know what crypto world is.
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#2
Digital currencies aren't gonna replace the flat currency. In some countries, people are not technology inclined. It would be difficult for the digital currencies to flourish around the world because some people will definitely choose a traditional way to spend their money.
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