Crytocuurrencis and conventional currency

[rifman]

Do you think that crytocuurrencis can replace the conventional currency at any point in time? If so how?

 

[Devin]

Do you think that crytocuurrencis can replace the conventional currency at any point in time? If so how?

I assume it's possible but very unlikely. It would be difficult to do away with all paper money and cash just to transfer everything to crypto. That's a big process, and a lot of people wouldn't be happy with it.

 

[fcbetting]

This is why I don't want receive my salary in crypto. Inflantion eat my salary but not fast as crypto.

 

[rifman]

I assume it's possible but very unlikely. It would be difficult to do away with all paper money and cash just to transfer everything to crypto. That's a big process, and a lot of people wouldn't be happy with it.

Leave people's happiness. Anyway, who bothers about them nowadays? But, what about the Government's acceptance and Government's controls?

 

[fcbetting]

But, what about the Government's acceptance and Government's controls?

It will just go up and be more strict. None goverment will not allow to slip money or avoid taxes.

 

[Hate2Wait]

Cryptocurrency can replace the conventional currency and this is why countries like India, China and many others have been planning to or have already banned it or added extra tax to demotivate users

 

[LoukiaCharilaou]

Yes, I think that cryptocurrency can replace the conventional currency.

 

[Shavkat]

I think so. But it will take time to materialize this idea.

 

[gammarays]

I don't think crypto will replace conventional currencies. Crypto will help improve Fiat currencies to help their adoption or global integration not replace entirely.

 

[Reedex]

There is a clear cut difference between cryptocurrency and the Fiat currency because one exist in the digital world and the other exist in the physical world.