Sentences with phrase «replace fiat money»

One could think that Bitcoin's primary purpose should be to replace fiat money for transactions.

The problem with the analysis is that bitcoin is more than a payment method, and even those in the industry who don't expect bitcoin to replace fiat money are long bitcoin.

In February another IC representative noted, speaking in the State Duma, that cryptocurrencies or surrogate money can seriously compete with the official currency and thus undermine the liquidity of the ruble and in prospect replace fiat money completely.

The author isn't arguing that central banks are going away anytime soon, or that cryptocurrency will replace fiat money.

And if you can't use it for daily payments, then it will never replace fiat money.

Bitcoin prices are not known for their stability, which is odd, considering that the currency's end goal is to «replace fiat money.»

Harker's statements suggest that digital currencies will not replace fiat money, at least not any time soon.

The author isn't arguing that central banks are going away anytime soon, or that cryptocurrency will replace fiat money.

Not exact matches

What I can tell you from my conversations with clients is that more and more people are starting to see bitcoin as money and the potential to replace the current fiat central banking system that has gotten out of hand.

Accordingly, only when we recognise that monetary central planning is the ultimate source of our financial and economic distemper, and when it either collapses or is consigned to the dustbin of history, and when 100 % - reserve banking and sound money replace fractional reserve and central banking and fiat currency, will the ruinous cycle of boom and bust become as thing of the past.

Yes, I would dare to stay that only 10 % of all fiat money and gold can be replaced with cryptocurrencies.

However unlike gold, Bitcoin is completely out of the reach of governments and can't be regulated, centralized, or ultimately shut down and replaced with inflationary fiat money.

Lastly, the subject of bitcoin as a new form of money was broached, as was the question of whether it - or something similar - would ever replace the fiat currencies we know today.

Its potential to work as a legitimate payment system, one that could replace fiat and revolutionize money, has fallen away somewhat.

This new form of money has a lot of potential, although that doesn't mean it will replace fiat currency anytime soon.