Quote from: gorodi on September 09, 2018, 03:46:34 PM

Quote from: Noelnada on September 06, 2018, 03:57:30 PM

I think fiat and cryptocurencies have more in common than we generally assume because they both rely exclusively on trust and the law of offer and demand. That said fiat are also indirectly backed by networks of banks and central banks and many other institutions yes. What I like the most in crypto is the transparency of the rules (codes) and the endless possibilities in the real of smart economies and digital scapes.

Sure, traditional and digital money will be always connected. I do not understand why fiat should fail. Yes, the cryptocurrencies will be used more often in future but it will not change much.

Fiat is failing that their purchasing power or their value is keep decreasing when the time passed. Maybe you are right that fiat and digital money will co exist in the near future but not necessarily fiat will die. Is just that fiat fail because of the one who controls it. The bank and the government, and the one who control it control the world. Crypto in general cannot be control thats why people like it and believing that this will be the new currency.