Quote from: LadyCoin on May 25, 2018, 01:14:00 PM

Quote from: maarx on May 06, 2018, 04:42:43 PM

Competition between local currencies Vs crypto currencies are in peak now. Crypto currencies have occupied currency market causing local currencies enforce (banks) banning of crypto currencies. We can see number of investors have turned towards to bitcoin and other crypto currencies with large scale. Will there be a chance / time bitcoin and other crypto currencies rule over currency market and local currencies get disappear slowly in a decade or two?

It could happen, like where first the first gold replaces the barter system as a transaction tool, then paper money replaces gold as a tool of value storage. Then, bitcoin and other cryptocurrencies will replace the banknotes as a means of transactions because of its increasingly sophisticated technology even though it can not be realized in a short time.

I don't think that it is possible because the volatility is not suited for the environment of the bank notes and other type of paper money that we have in this world because they are fixed and they are not that type of money that like the cryptocurrency which is fast in changing on price because they are just stable which is the best for the market but in terms of cryptocurrencies going to replace the fiat money, it is not possible.