Post
Topic
Board Bitcoin Discussion
Re: Will crypto replace fiat money?
by
airdnasxela
on 03/06/2018, 00:05:19 UTC
I would like to know if cryptocurrency will replace fiat money in the future,  also if so how long it will likely take.  Also,  I would like to know which coin you think would take over if one will.  (E.G. Dogecoin,  BTG, LTC, XMR)
Hmm, I think no,  cryptocurrency will not replace any fiat money.  It is because there are factors that makes fiat money a fiat money.  These fiat money are national currencies, and when you look to the words mentioned, "NATIONAL currencies". It means that a country hold their own currencies or group of countries.  I think the only way for a cryptocurrency to be a national currency is when a new country is formed or a country that is using other currencies wants to have a reform.