Do you think Blockchain is going to replace hard currency?

+1 vote

Do you think Blockchain is going to replace hard currency?

asked Jan 29, 2018 in General by Lismen (960 points)

8 Answers

0 votes

I think not, at least not in the near future. But blockchain technology has many advantages in financial services. You can read more in this article https://www.innovecs.com/ideas-portfolio/blockchain-financial-services-main-advantage-technology/

answered Jan 30, 2018 by Yanns (1,180 points)
0 votes
I bet the Lydians were asked a very similar question when they made the first coins: Will coins actually replace the trading of actual good?

Then not so long ago the gold standard was dropped...

Times change... the concept of currency changes with it.

 

https://www.bullionstar.com/blogs/koos-jansen/the-concept-of-money-and-the-money-illusion/

 

https://www.thebalance.com/what-is-the-history-of-the-gold-standard-3306136
answered Feb 1, 2018 by TriggerXI77 (2,460 points)
0 votes

I suppose that today blockchain technologies are a really progressive thing, well if they hired a company like HANHIT GROUP LP (found out about them from this site https://hanhit.com/), there`d be much less fraud I think, well, I have heard that such techhologies are going to be implanted everywhere, that`s really cool!

answered May 21, 2018 by Trellkot (2,970 points)
0 votes

Trading currency is more like gambling. You can definitely pass on that. I prefer real fair games. You can, for example, win scrabble if you play it right

answered Jul 6, 2020 by martiniden1793 (140 points)
0 votes

I'm not sure it will. You see, blockchain isn't made to be used by everyone instead of hard currency. And besides, a ton of people barely use their credit cards because they are used to cash and you're talking about switching to the completely different system. I mean look at people sitting on www urbanchat. Do you really think they are eager to use blockchain? Don't think so

answered Jul 20, 2020 by friedrich hayek (140 points)
0 votes

Hey everyone, thanks for the wonderful message. When you're searching for a tested and safe place to store the money in Bitcoin and other currencies. You can then learn regarding the details I find on https://newsblockchain.io/tag/wallets. You will find a number of helpful guidelines there that will help you grasp the competition better.

answered Aug 25, 2020 by Karlos (980 points)
0 votes

I think that it will not be able to replace the hard currency. As someone said above, at least not in the near future. However I would not say the near future, i would say that even if it will happen, it will be in at least 50 years. When all there will no longer be any need for cash. I don't really think it will happen, as i said in at least 50 years, however taking into account the fact how the crypto ''industry'' is developing right now, i guess it might actually happen even sooner. I mean, even the forex Islamic account are really trading already. Everything is going on really fast. So in case you want to be ready for this kind of changes, or you are just interested in studying and earning some money out of this ''process'' just go on for a fbs sign up and you will understand that trading is the future and the cryptocurrencies are actually way more important than you might be thinking.

answered Nov 15, 2020 by Marsrea (300 points)
0 votes

We're all really interested in using cryptocurrencies since it's a fascinating system. Personally, I prefer the NFT platform because it is really innovative and popular right now, and I prefer https://chainers.io/ because it allows you to create your own NFT in any format and sell it for real money in a very enjoyable manner. That is OK to me.

answered Jan 20 by Karlos (980 points)
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